According to my friend Ryan, ... "Bitcoin's gonna have to punch harder"!
What do you think? Do you agree with his Chart & Analysis?
Personally, I think BTC may drop to around $2,500 then climb up again.
And it's always a good time to buy BTC. You decide when you want to.
Happy Hodling!
IronBurst
Nothing goes up in a straight line. Does your friend want Bitcoin $500k in one single week?
No, my friend is not John McAfee ... ( re: ~~~ embed:ethtrader/comments/6nv43b/so_john_mcafee_just_predicted_500000_a_bitcoin/ ) , the man himself on his prediction that Bitcoin will be worth 500k very soon?! reddit metadata:fGV0aHRyYWRlcnxodHRwczovL3d3dy5yZWRkaXQuY29tL3IvZXRodHJhZGVyL2NvbW1lbnRzLzZudjQzYi9zb19qb2huX21jYWZlZV9qdXN0X3ByZWRpY3RlZF81MDAwMDBfYV9iaXRjb2luLyApICwgdGhlIG1hbiBoaW1zZWxmIG9uIGhpcyBwcmVkaWN0aW9uIHRoYXQgQml0Y29pbiB3aWxsIGJlIHdvcnRoIDUwMGsgdmVyeSBzb29uPyF8 ~~~
This phase is a classic "bear trap" where people sell off seeing the price decline. In a few days the price may breach that $3,000 mark again :-D https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-forecast-7-21-17
Thanks for the input!