Some Gurus still think Bitcoin can go 5500 level!
The definition of "guru" has gone down the drain.
Nowadays everyone with a twitter account is claiming to be a guru, a pro-trader, an expert and many others.
Can you please link to those "prophecies" , so that we can see who those "guru" are?
Let them predict. Everyone has their own predictions and 90% of them turn out to be wrong. The truth is that no one knows what exactly is going to happen next, and everyone keeps speculating the probable events.
The only truth is that the market is here to stay and we would not see the price of bitcoin going down from the current price of 8800$. At max it can go down till 8000$, but that would be it. The price is now stable after years and it will stay like that. Do not expect miracles of reaching 50k.
So nobody can predict the future for certain but you know for certain that.....
Are you a guru also?
I also don't see bitcoin dropping a lot this time to $5,500. Maybe $8,000 to $8,500 will be the dippest because seeing the current trend, it looks like bitcoin is now slowly recovering after that big bear season.
I don't think the bear season is over yet.
There were so many fluctuations between 8k and 9.5k this week and every time we passed the 9000 mark people turned bullish only to see than the next day we were back on the same spot.
Maybe the worst is gone but I guess for a period we're still going to see swings around this price, unless somethign bad happen.
But...I'm not a guru...