Bitcoin (BTCUSD)

[mudpuppy]

yes it appears the long term top is in, but this decline will not likely be short like the 3 day drop from 2800-1900 recently. The riggers want this to be slow and painful like chinese torture. I expect $2150 in about 8 days, so this decline may go on for months or years to the $500 level at least. In 2013, bitcoin lost almost 90% of it's value over a period of 13 months. People will no longer be asking how high, but how low. As usual, most bitcoin holders will sell near the bottom as they throw in the towel.
I am actually a supporter of crypto, but I just know how the riggers work. I think the new crypto called onegram which is backed by gold, could be a long term winner.