Bitcoin Forum

Bitcoin (BTC) still has “lower to go” despite its bull run to above $4,000 last week, Morgan Creek Digital Assets founder Anthony Pompliano told CNBC on Dec. 26.

Speaking in an interview, Pompliano, who is also a frequent markets commentator on social media, became the latest figure to claim Bitcoin markets will only bottom out when the price drifts below $,3000.

“Short term, I actually think we have lower to go,” he told the network.

In November, Pompliano had predicted a plunge to $3,000 for BTC/USD, which subsequently occurred earlier this month.

CT | https://cointelegraph.com/news/bitcoins-price-will-go-below-3-000-anthony-pompliano-tells-mainstream-media

Well, no one knows which direction Bitcoin price will go but Bitcoin price need a correction and this time it should be an uptrend one. Furthermore, I do not care if it go below $3,000 or above $4,000

Point is I am holding unless I need to spend them.

There are so many predictors at this moment. I think they just say their opinions for attracting attention. John McAfee has told that he will eat his d**k if bitcoin will not reach the level of (do not remember exact price).
Let's see  :)

It is not a bolt from the blue, it was quite obvious.

I watch this news in a video! Though he said bitcoin would come under 3000 USD and I think it can be 2300 USD or between 2300-2800 USD! but at the same time, another man said about a good pump may happen in January or the first in 2019! Let's see.

I do not think that this can happen. even if something happens, there is nothing terrible about it, because in the end the price of Bitcoin will still be much higher than 3k dollars

One million dollars per bitcoin.
If he's still alive end of 2020 and the price hasn't hit $1m, I say Mcafee needs to be hunted down and forced to pay his bet if he tries to welch.

As long as we stay in the 3k-6k region, sub 3k is still a possibility...If the bulls lose momentum then I wouldn't be surprised if we test the 3.2k levels again and possibly hit sub 3k if there's a panic selling wave from some weak hands. Although, I think the bears are exchausted after not being to go below 3.2k which is why the bulls took over the market and the price went up above 4k so quickly, so hopefully, the bears won't come back.

I will not believe in such news, I will continue to hold the bitcoin that I have and I am still very confident that market conditions will recover soon. oh but thank you for reminding me  ;)

I don’t know if this is just to create panic or what but as far as I concern, if bitcoin goes below $3k level again I should have to invest more because I know bitcoin can bounce back and because of that I can make higher profit. This is not new to hear this kind of news, so let’s see how people reacts on this prediction but hopefully people already learn from the past trends.

I'm fucking bored of this hailstorm of 'predictions' from a bunch of randoms. Does it really matter any more? A definitive bottom would be nice. I don't care what the price is any more and nor should anyone else.

looks like ol' pomp hasn't filled his bags yet! ;)

in all seriousness, i don't think we've seen the bottom yet. this is a relief rally IMO---a breather before the capitulation.

BUT it's comforting to see that people are very bearish at this point. nobody expects moon anymore and most people expect lower. that's definitely a sign of a bottoming market.

I would be more than happy to hear this kind of prediction from Tom Lee because I would know that it will not happen hehehe.

@figmentofmyass. He might have shorted the rally.

Something is clear, someone always gets the prediction wrong by being too pessimistic. It could be any of these guys, or even myself could be wrong too since I believe we may touch below $3k for a while before going to ATH again. Perhaps a re-test of $6k with a dump to $2k for final obliteration of noobs.

Of course, if you have no coins, it is suicidal to keep waiting for a perfect entry point that may never come. This happened to everyone that was expecting sub $100 prices in 2013. Those are the guys that are always talking shit about Bitcoin ever since, as they become extremely salty at missing the boat.

Actually, I don't believe in some predictions anymore either it will be in favor or not of Bitcoin market. As by this year alone, all of these famous experts are saying huge figures before this year will end but now they are saying an opposite figure because they became foolish for so many times before because of the bearish trend. So better lets just wait and see with hope that a bullish run by next year.

It may break the support levels which is remaining too stronger around $3200 to $2800 levels but definitely will not close into that zone. It means even if that support levels get broken, market will bounce back within a trading session. As long as markets will not be closing below the support level, we do not need to worry about that. It has already had bottomed now just gaining power to break resistance zones around $4400 levels.

Yes and no at the same time. We cannot simply ignore more than 5% of movement. In most major exchanges, it did not break $3220 levels. Downfall up to $3k was not expected when $6.2k levels was sustaining for months. Now, we may expect another round of rally from $3500 levels toward $4800 levels.

it was not a "bull run to $4000"  it was a recovery to $4000 and there is HUGE difference between the two!

and these days it seems like once again everyone is starting to become an "expert" in predicting bitcoin again. they are throwing in their "guesses" so that they can have the option to take credit and extend their "expert" rank in case it came true.
the fact is, all of them are worthless and they are only seeking some small publicity in this ecosystem.

Everyone gives out a number on their minds to everyone that listens to them, if I had some sort of audience that is listening to me and mainstream media opened their channels and mics to me and make a guess on what the price will be I would probably make up something as well, I wouldn't say "I don't know", if you say you don't know those channels won't call back and your fame will be over however if you make up a guess and tell them something marginal like it will go under 3 thousand dollars that would get attentions for the media and they love that so they will call you back to make something huge up again so they could get some more viewers.

These are all because clicks are equal to money for these type of places and they want the most clickable things to be said by not so sane people.

That has been said the moment we started correcting last year. Dip below $10,000 would shake off tons of noobs. Then it was $8000, $7000, $6000, $5000, etc. The main point is that there are always people with coins of which you don't want them to hold any, regardless of the price.

I think that $3000'ish levels are relatively easy to provide buy support for, regardless of how many noobs still hold bags full of coins priced at +$10,000 each. If we happen to dip below that level I'll do everything I can to scoop up as many coins as possible. People during these times are overly pessimistic, which works against them rather than for them. I'll happily go against the general sentiment now, which I should have done above $6000 as well, grrr.

I'm surprised that pomp made such a bearish prediction as he is usually bullish on everything. Price is drifting downwards but the rate of movement is very slow. This shows resistance at every level so $3300 could be the bottom as it hit last time

Hey, he may as well put himself on the right side of the momentum for once. That gives him some extra prediction ammo when he feels like hanging it all out in future again.

There've been so many predictions now that it's all a blur. I'm curious about whether people like this are badgered relentlessly by the press until they say something, or they badger them to get them out there.

I don't really get what's in it for anyone - reader, publisher or predictor.

Pomp is very narrow on bitcoins and i huess his statement has made some of his investors dislike bitcoin in their portfolio.

He is just still making a speculation which it all just a professional kind of data analysis. BTC price couldn't be determined by such person because everything is part of the activitiy. We can see a staggered movement about it which it leads to traders to be challenge on it.

I think bitcoin is going to move up at the moment and few people are ready to sell below $3000 base on the two weeks ago trend.  The market is in the downward trend but if you see the market reaction when it falls to $3200 you can easily relate it to what happened in December last year as bitcoin hit $20,000 . That same day bitcoin lose over $2000 and that is around 20% of it current value and the same thing happened when it went down to $3200 there was a sharp recovery of around 20%. I think the bottom is here and we would do ourself good by investing now.

Anything can be happened in any time. The price of Bitcoin is changing by daily activities. We can't be sure by this speech. He can only predict the price. But he can not ensure us the exact price of Bitcoin. I think Bitcoin will pump again in next January.

Definitely anything can happened because this is a free market. The price is very volatile, just look at what happened in the last week or so, people are predicting the end of the bear market but just like that we all see negatives again.

So its possible to see the price goes below $3K, but the good thing is that those who are selling will be exhausted at that time and perhaps if we bottom till next year, there's no other way but to see bitcoin price recovering and we might see a reversal. (what goes down must come up at certain point.)

Well,how long you are going to believe on these predcitions by the people who calling themselves as crypto experts.The prices looks strong resistance at $3000 that is why the prices didn't go beyond that level.

so because in the past he was able to correctly predict the price, now the news channels are taking into consideration his new forecast, I think that one should go with a lot of caution, it is not because in the past he was able to correctly predict the price that he will always be right, because it may be possible that the first time he was lucky. at this point, many people already imagine the possibility of seeing the price fall to  $3000, so he is one more of these people to think so

We better not try to fool ourselves by believing in his babbling, for me it's only a FUD that wants to poison the minds of the users in particular so that they are willing to throw away the bitcoin they have. In the face of the decline that has occurred so far, we should try to think longer, ignore negative news especially news that leads to lower prices, so make a purchase even if you are only able to buy a little it's okay, because that way then the price of bitcoin doesn't fall deeper.

I don't think bitcoin will go much lower than 3000$, maybe only if will be a lot of sells or just a coordinated group who hold a lot of bitcoin and will start sell just so they buy after more cheap coins and after they will wait for a grow, but i don't think will happen.

As I am writing the price is $3,887. The ceiling direction is uptrend.I don't know much about technical analysis and never seen the price to follow any analysis. When something goes down from $20k to $3.2k then expecting uptrend is logical especially when the starting was less than a dollar.