Today i found very interesting chart compare the price of bitcoin to the search results in google trends. As you can see the peaks on the bitcoin graph cover with the largest search results in google. Is this a new bubble? It's hard to say, but @dawidrams has posted an interesting post today about the most famous form of technical analysis - Head with shoulders. To put together these facts one can conclude that we are sure to have small drop, whose coverage may be much larger
Bitcoins are preparing a soft form soon.. So you can see all sorts of crazy stuff going on at the exchange graphics right now.. A lot of people are going to cash out as the fork is risky.. I have an article written about on my blog, feel free to check it out if you want.
Cheers and happy steeming
Goldie
P. s steem might go up
I will check it ;) I have one more opinion about bitcoin market. People are scared because the price of bitcoin is very high, too high. This is because investors prefer to close positions with small profit instead of big loss after collapse ;)
It's getting scary, too many sell signals.
If the scaling debates wanes because of some type of resolution, Bitcoin could spike up very hard. Until now, we had the hype but no price spike.
Here good Know about to Bitcoin:
https://steemit.com/steemit/@svtechnik/bitcoin-is-near-end-of-lifetime-why-nobody-can-believe-it