Every time Bitcoin formed a price base in the past, a rise in price followed.
It has done this about 5-6 times before, most of the time after big bubbles.
Most importantly after the last 3 bubbles it has formed such a baseline with low volatility before rallying into the next bubble.
There are many that believe bitcoin is going down further.
In particular, there are a few analysts that I really respect such as woobull.com and Tone Vays, that believe the price will go down further, while being overall Bitcoin bulls.
One particular Indicator by Willy Woo is very convincing ( http://charts.woobull.com/bitcoin-nvt-ratio/ ):
Yet
Bitcoin has never formed a strong base like right now with low volatiltiy and crashed afterward.
What do you think? Were you aware of this?
Join the Club!
We have built a new service that will help you get upvotes using your own SteemPower.
Or you can sign up here: https://steem-bounty.com/services/vote-club
Please vote for our Witness
Thank you very much for your attention and we hope you will vote for us as witness!
In order to do so you can go to:
https://steemit.com/~witnesses 
And enter the "steem-bounty" account into the text field and click vote.
Or use steem-connect to vote directly for us as Steem witness!!
@knircky has set 1.000 STEEM bounty on this post!
Bounties are a new way you can earn rewards irrespective of you Steem Power. Go here to learn how bounties work.
Earn the bounty by commenting what you think the bounty creator wants to know from you.
Find more bounties here and become a bounty hunter.
Happy Rewards Hunting!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations to the following winner(s) of the bounty!
Find more bounties here and become a bounty hunter.
Find more bounties here and become a bounty hunter.
Find more bounties here and become a bounty hunter.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes he can. Easily
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If you are convicted you should bet on it! And I do agree with you. But i think it may be unlikely
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dear Knircky, it is very important what you are showing about the hystory of Bitcoin, i never saw such trend.
There are 2 kinds of predictions, both think that rally will be, but first is predict that market will not change in this year, others think there will be same bubble like last year, even bigger.
In my opinion the market cap is almost the same of last year november, but the difference is that there was half coins than now, so my position is more near to the first predictions even i dream i am mistaken...:)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I hope the price goes down a little bit more, I want another chance to buy in cheap!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That does look like a solid support. One concern I have is - Will hodlers be selling by the end of the year for tax purposes, so they can claim losses?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well hope the price goes down a little bit so that I can buy and reap more profits but bitcoin will rise. If not now, it will on one fine day.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm currently holding long positions on BTC at Bitmex, and the last weeks have brought me some profit, but I'm still taking profits before 6500USD. However, I'm definitely returning back to long positions at 6400 and avoiding shorts...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
they say history repeats itself!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think you're probably right. I've been seeing Bitcoin bounce off of the $6,400ish level for a while now and just keep thinking that it's primed for a jump. There are a lot of factors that go into whether or not that will happen though, so it could just as easily drop if some of the players who were expecting a jump get discouraged and pull out of the market. Or there could just be market manipulation. Who knows?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ich sehe eher eine sehr langgezogene Bodenbildung ähnlich wie 2014/2015.
In dieser Phase gab es auch noch einen kurzen Spike nach unten bis 160 USD. Das war dann das finale Low.
Wir brauchen noch etwas Geduld.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't want to be too much of an optimist but I think it will rise again. Maybe it's just wishing thinking, maybe not
Blessings
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit