There's been some consternation in the charts lately.
It looks like we are at a critical crossroad. Bitcoin is either going to head upwards sharply, or it has the potential to fall back down.
If it falls down it's likely to go down to about $3,200 before taking off again.
Pixabay
This is not my own opinion but instead is based on various cryptocurrency videos I've been watching over the last few days.
I agree with it though.
Looks like something similar happened in 2015 with the price of Bitcoin..
If we follow the 2015 path, then we may dip back down a bit before jumping up again. However, there's also a good chance that that's not going to happen.
I can tell you that Bitcoin is at $3,876 and Steem is at $0.48.
We may never see $0.50 Steem again.
It is very possible that a future exists in which Bitcoin is $1,000,000 and Steem is several hundreds of dollars. If you are thinking that there's going to be a huge dip that is the opportunity for you to buy in, then I wouldn't really count on it.
Of course no one can say for sure.
Is this slight dip the time to buy?