I'm not going into TA here and focus on Fundamental aspects
On Fundamental perspective, listed few items for both Bullish and Bearish scenarios for BitCoin. You may add your perspective on Bitcoin future in comments section. Thank you.
Bullish Scenario:
Robinhood Trading app has 1,000,000+ new members in crypto waitlist(just from 5 US states). And more trading exchanges and apps to follow. (Bittrex has stopped registration as it couldn't support the flux of new users with its present infrastructure. Millions of new members are flooding into the market)
South Korea's positive government regulations
Japanese companies integrating Bitcoin payment systems.
Transaction fees down & Transaction speed quicker(Segwit)
BTC has seen crashes upto 50% in January every year from 2014.
Bittrex's is working on adding USD in place of tether
More institutional investment is started coming
As per one study, only 2% of the population has invested in crypto, compared to up to 40% in stock market(in different securities/instruments). -
- This gap may go down slowly over the years.
Beginning of political acceptance(ex: Russia, Belarus, South Korea, Venezuela etc)
Bearish Scenario:
Main stream media stories that Bubble is popped
Futures market is double edged sword
Tether Subpoena
Governments confusion on Crypto regulations
China's hard stance against Cryptos
On Fundamental perspective, listed few items for both Bullish and Bearish scenarios for BitCoin. You may add your perspective on Bitcoin future in comments section. Thank you.
Bullish Scenario:
Robinhood Trading app has 1,000,000+ new members in crypto waitlist(just from 5 US states). And more trading exchanges and apps to follow. (Bittrex has stopped registration as it couldn't support the flux of new users with its present infrastructure. Millions of new members are flooding into the market)
South Korea's positive government regulations
Japanese companies integrating Bitcoin payment systems.
Transaction fees down & Transaction speed quicker(Segwit)
BTC has seen crashes upto 50% in January every year from 2014.
Bittrex's is working on adding USD in place of tether
More institutional investment is started coming
As per one study, only 2% of the population has invested in crypto, compared to up to 40% in stock market(in different securities/instruments). -
- This gap may go down slowly over the years.
Beginning of political acceptance(ex: Russia, Belarus, South Korea, Venezuela etc)
Bearish Scenario:
Main stream media stories that Bubble is popped
Futures market is double edged sword
Tether Subpoena
Governments confusion on Crypto regulations
China's hard stance against Cryptos