RE: TA: Bitcoin Correction Is Over, Price Projection 49225$ By May by novacadian

bitcoin · @novacadian · Jan 26 '18

An interesting post, @drumsta!

This is my forth major correction since being <A HREF="https://steemit.com/steemit/@novacadian/observations-of-a-fairly-noobish-steemer"> drawn</A> into the market. My first was the <A HREF="https://en.m.wikipedia.org/wiki/Mt._Gox"> Mt. Gox</A> correction, if memory serves. Doubled down after my second; <A HREF="http://www.coindesk.com/bitcoin-price-in-2015-doom-and-gloom-give-way-to-positive-years-end/">the correction</A> from the, then, $1500-ish all time high.

But this correction seems different because Bitcoin is different. At least <A HREF="https://en.m.wikipedia.org/wiki/Bitcoin_Cash"> Bitcoin Cash</A> is different with its expanded block size, while Bitcoin Core seems different in the realm of higher transaction fees and a slower validating network.

Not to suggest that BTC is going anywhere... just not sure what the privately patended <A HREF="https://youtu.be/rrr_zPmEiME">Lightning Network</A> will mean while moving forward.

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