Bitcoin my worst analysis

in bitcoin •  8 years ago 

After studying bitcoin charts I feel 2410 is the good support for bitcoins till now it is not break it's support so we are safe. I observed volumes are also low when it declines. So I am feeling it will regain it's strength. Once it breaks it's resistance 3000$ then it will go to sky. Only take time. Buy on dips.

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I absolutely agree with you.

There are other factors, to name just two, one is the possible split of bitcoin into multiple currencies with the new fork, and two is that bitcoin is getting obsolete in relation to other cryptos, so it isn´t very clear if bitcoin will go to the sky or moon... right now you need bitcoin to buy almost every other coin in the exchanges, but what will happen when you don´t need it anymore?