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     7 years ago (edited) 

    Let's start like that: At least I really hope that it'll close in that range!
    The main reasons why are for me

    • Coinbase adopted SegWit which leads to a massive drop in transaction costs as Coinbase generates around 40% of the BTC transactions
    • The Lightning Network is becoming more and more populare, most of the people will try to buy in before it will go live and will push the price to a new all time high
    • Everything you do in the alt coin market goes through BTC (and a bit of ETH), so if other coins will raise, also BTC must go up first
    • The market is still oversold, so once the downtrend is breached, a lot of people will buy in again (and I believe in that we will break the downtrend within the next days), as there were a lot of people just panic selling
    • Once BTC is back in the uptrend, media will again jump on the train and stop that nasty "bubble" discussion
    • Last but not least, I think we're at a starting point, seeing maybe one of the best years for the whole crypto community
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     7 years ago  

    Thank you for your detailed explanation. That was very generous of you.

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