To understand Bitcoin you need to zoom out. I see 3 opportunities for Bitcoin to bottom out. the last one is $837. I am a buyer of bitcoin later this year (2019) and I will Hold for say 5 years. I will buy in large bulk (several hundred thousand pounds worth), and wait. One day Bitcoin will be over $100k. Maybe $300k in current trader's lifetimes. When it rises it will be extremely fast but I don't expect that time to come for a few years because for Bitcoin to reach these valuations it needs to play a much more of a role in day to day transactions for the average person. I am a Bitcoin Long term bull, but waiting for the right time to buy BIG.
