Where's the price of bitcoin going? When should you buy? At time of writing the price of 1 bitcoin is $4,340 and I expect the selloff to continue over the course of this week, until the price reaches the ~$3,200 mark, which is where the 100 day moving average meets the trend. In the past, the 100 day moving average has served as reliable support for bitcoin, remembering that bitcoin is not in a bubble, that it is both a good and a service in that it provides transactional currency as well as a means to store that wealth. Personally I would like to load up below $3,000, but will slowly add if the price approaches $3,600.
Goldman Sachs is in the business of making market predictions and they seem to believe that we're due for a correction down to the $2,200 level, which would be a great point for market entry, but I think that the prediction truly underestimates market sentiment by using only technicals. The link below has the full writeup.
https://news.bitcoin.com/goldman-sachs-technical-analyst-predicts-bitcoins-top-is-4800/
