Bitcoin (CCC:BTC-USD) is the first, biggest and most important cryptocurrency, so its 40%+ drop the last couple of months as gotten a lot of attention.
There are the “I told you so” folks who says it’s all falling apart, just like they knew it would all along.
Then there are the people who actually study and follow Bitcoin and altcoins, and the entire cryptocurrency industry. They know the transformative power of blockchain.
Think of Bitcoin like the S&P 500 or Wilshire 5000 stock market indexes that give you the best picture of the market as whole. Then, think of altcoins as smaller stocks with more potential.
The transformative technology that is blockchain will take time to move us forward and change everything it can. Smart crypto investors are in it for the long term.
At the same time, everyone wants to know if and when Bitcoin will start moving higher again.
Let’s talk about that. We see several indications that the selling in bitcoin may be about to end … and that’s when we expect it to resume its march toward $100,000.
Here are six