I'd have to disagree with you but I respect your opinion.
Reasons why:
Bitcoin has been trapped within this downward channel for nearly a year now. As you can see, the price has reached the top of the channel.
On the 4h time frame there's also a double top pattern near the February 14th resistance level. Bitcoin has been in a downtrend for a year now and fighting against that is not a good idea.
Fundamentally speaking bitcoin is also useless and will never replace fiat currency. Fiat currency has value because of taxes and everyone that makes money has to pay taxes. You cannot pay your taxes using bitcoin and it has no real value.
samsquantchtpb
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@EnhancedTrading, It has value because we say it has value. The only true decentralized currency of any magnitude. If the people make a choice to invest and use it. The world will respond in kind. To me, BTC has far more value than any FIAT currency. True peer to peer cheap transactions with no intermediary and no Central authority to tamper with it. If you can't see the value in something like that than you're blind.