From numbers alone?<p>I can see Bitcoin being stable as its used as a fiat hedge, but the top alt coin Ethereum, failed to solve the Blockchain log jam. It seems overall, apps should not run on blockchain.<p>These ERC20 platforms have to go to ~0 before we see the bottom.
There have been buyers holding the $6000 level over the last couple of months, but there has not been much buying interest on the last few pops higher either. Calling a bottom at this point is way premature. It's at most a 50:50 chance at this point. If sellers come back in aggressively and drive the price through 6000, anyone who bought there is going to panic and that will drive the price a lot lower.
edit: disregard. I won't ever question the scientific validity of technical analysis again, and will add it to my ever-growing list of unacceptable opinions on HN.
Crypto is by-and-large only good for illegal transactions; same as BitTorrent is only good for illegal downloads.<p>Anyone talking about other "applications" doesn't understand the way things currently work.<p>People with this <i>correct</i> opinion might get censored by the Inquisition but we have only been right so far...