CRYPTO MAY BE DUE FOR A SHORT LIVED DIP
There may very well be a BRIEF consolidation upcoming due to the Goldman Sachs prediction of a $4800 top, coupled with the psychological resistance of 5000.
However, with the current momentum and projections in the cryptocurrency space, this consolidation will be very short lived.
We have
- mainstream media talking about bitcoin as a " New Gold " ( 9 Trillion dollar mkt value ) and
- a BTC/ETH ETF potentially being launched in the near future. This would cause an tsunami of new money into the cryptospace from personal and institutional investors.
Deloitte is predicting that by 2025 10% of global GDP will be on blockchain tech. That's 9 trillion dollars. Currently we're around 160 Billion ( About 50X still to grow! )
*** If you are investing for the long term, don't worry about getting in at "the right price"... If Ethereum can capture 1/9th of that mentioned 9 trillion mkt cap, 1 Ether will be worth $12,000. So don't sweat over making the right entry. We are all lucky to be here now as early adopters, NOW is the perfect entry.
"Time in the market is better then timing the market" - Warren Buffet