Hello everyone!
My thoughts on recent dip are that it wasnt just caused by a small exchange hack, but from what i observed in the charts bears needed a reason to justify their selloff. Right now we made a decent bounce from 6,1k. I actually bought a lot of bitcoin and i finally see a reversal sign, that is strong and can push market above 8k in a few days.
After consulting my crystal ball i will make a bold prediction for bitcoin price.
I see 17k$ BTC by December 2018.
I think I'm more optimistic than McAfee now, yet i put a lot of trust on bitcoin team and the evolution of it.
Lot's of traders were talking about 2014-15 bear market similarities, which were true until now. Yet this time market is actually holding better and pattern started to change.
Lot's of people lost trust back in 2015 and even whales exited the market only to buy back next year. This hasn't happened now.
Trust in bitcoin is stronger than ever.