Bitcoin Roller Coaster

The recent dip in Bitcoin price did not come as a surprise atleast for many who bother to understand the conventional market cycle movements (Roller coaster.

See the Image below:

From the diagram ,My interpretation is that the market reached the point of despair when it touched the 6,000 USD mark early last week. It has since taken off and people currently smiling are those who took the risk at that point.

Is it Late to enter the market now?

Certainly not.We are currently at the point of hope and it will not be long to start showing clear signs of moving towards Euphoria when you can now reap all the benefits.

Please remember that Bitcoin market is just like any other market and will obey the market cycle exhibited in the diagram above.

Beeing a firm believer in Bitcoins and alt coins, Things can only get better.