Bitcoin Forum

Bitcoin Price Stable around $6,600, CEO of deVere Group Forecasts BTC Is On Verge Of 'True Global Breakout'

Bitcoin (BTC) is preserving stability with negligible trend around $6,600. However, Nigel Green, deVere CEO, an autonomous financial advisory organisation, is optimistic that an upward swing is arriving as Fear of Missing Out (FOMO) will push the BTC and Cryptocurrency price higher by the end of 2018.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-price-stable/

https://coinidol.com/upload/resize_cache/iblock/f8d/900_900_1/f8d2e32c19b789784dcb18fd92053eb8.jpg

Over the years I have learned that the more people await something to happen in Bitcoin the less likely it is. When we were falling down to 6000 the second time most people expected us to go lower and many professional traders were drawing patterns where Bitcoin followed the 2015 trend and headed for 4800. Now so many people expect another FOMO rally. I  think we will have to wait another year for it to start.

I wouldn't call it stable but more of a sideway trading, meaning its neither bullish or bearish at the moment. There are no FOMO but speculators or investors who are just waiting for any news that can break this trend. I wouldn't be surprised if we didn't break the 5 digit mark at the end of the year, but if there's news that will bring the FOMO in and investors confidence back in the market expect another bull run. But currently, everyone is waiting at the sideline and perhaps silently accumulating.

another prediction and the guy did not even mention dates or a specific value, I believe that the reason is because in recent times many analysts have failed in their price forecasts and to preserve their reputation, they are appearing little in the media


I totally agree. the "experts" and the "analysts" have constantly failed in their price prediction.


I would already be satisfied if we reached the $10,000 the end of the year

When i do read up another speculation or views from these so-called analyst or experts , reading up their words turns out not to be interesting at all yet these things will definitely an another fail prediction.

$9000-$10000 would be realistic but basing on these movements we might not able to hit up that range.

At present, the bitcoin price is consolidating and finding the bottom. After a few months, the price will break out.

That's what I keep hearing for months. Do you mind that there isn't much value to add to such statements? People will keep saying that till the moment they are actually right, and it will happen eventually, but that's not knowledge.

Even a broken clock is right at least twice a day. Maybe that's what inspired Tom Lee to stick to his end of the year prediction, but it seems that he's slowly lowering his optimistic tone to match current market sentiment.

I have been following his stock market analysis as well, and even there he's not doing that great. I feel bad for him with how he's just trying to provide worthwhile market information, but when you're wrong that often, people will notice that.

True, almost every TA was calling for lower prices. It seems that market cant decide what to do right now, but this is totally normal , we had a bubble, right now we got it out of our systems .

Also there is no reason for new breakout and FOMO, not gonna happen this year.

Fear of missing out on what is the real question. You can't just say that prices are going to go up because people will FOMO buy bitcoin, they need reason to FOMO buy first. And ain't no one having the fear of missing out in a bear market.

Personally, I see prices potentially staying at this level for some time longer, and we won't see bullish outbreaks until probably next year when the recovery would most likely start.

There could be short term price swings though, that could always happen. But that's not an indicator of actual overall market sentiment shifting.

Watch out what will happen the price of bitcoin before end of this year
And how can be sure that speculation price stable 6600$ amount value
As i know and we all knows bitcon price aren't  sure so far as stable
Because bitcoin is decentralized currency and volatile function
Many experts are failed to predict bitcoin price value hit

not stable anymore it seems
took a 300$ dive today with a 6250$ ish low, but this is not the lowest low we can find
seems like demand is low, plus multiple shitcoins are taking the market share of bitcoin
its dominance is slightly lower , just over 50% now, lets wait until the end of the year
if the price stays in 6000-8000 range I will be more than satisfied