Many Top Traders...

[Boomerang Capital]

Many top traders are expecting the Bitcoin (BTC) price to go down to 7k-ish (down to the main trendline)

But as you can clearly see, the price has been holding above 8k.
So why won't it budge and go down further?
That is because we are likely on the corrective wave ((ii)) of the impulse wave 3.
The lowest this corrective wave can go is 8070.
In short, if price moves up from 8k, then it is going to 9700-10000.
It also confirms that we are indeed on a new bull cycle that leads to 40k by end of this year.


Twitter: @BoomerCapital
Web: boomerangcapital.org

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[odolvlobo]

In my opinion, Elliot Wave is nothing more than numerology for traders.

[millithe1st]

that's a good prediction, i dont believe bitcoin will drop too low, but it is at 8050 something, so maybe they'll work their whale magic and drop it lol i dont see how it's beneficial to anyone but, im not the billionaire

[Cryptopher]

This is probably better placed in Trading Discussion: https://bitcointalk.org/index.php?board=8.0

[kastara]

I am very happy if it is true that you write the news that bitcoin prices can be translucent to 40k and hopefully this becomes a reality at the end of this year because remember the end of the year is near and did not feel time has been running in the fifth month, so I personally with news like this will make I am more excited to find bitcoin and collect it until the end of this year, because honestly I myself can not predict the market price because for me it is too complicated to understand and have to see some factors that can make bitcoin prices to rise and fall and that factor should we follow up until finally that our decision is true.

[Krispin47]

Many top traders are expecting the Bitcoin (BTC) price to go down to 7k-ish (down to the main trendline)

But as you can clearly see, the price has been holding above 8k.
So why won't it budge and go down further?
That is because we are likely on the corrective wave ((ii)) of the impulse wave 3.
The lowest this corrective wave can go is 8070.
In short, if price moves up from 8k, then it is going to 9700-10000.
It also confirms that we are indeed on a new bull cycle that leads to 40k by end of this year.


Twitter: @BoomerCapital
Web: boomerangcapital.org

if it is true that you write the news that bitcoin prices can be translucent to 40k and hopefully this becomes a reality at the end of this year because remember the end of the year is near and did not feel time has been running in the fifth month, so I personally with news like this will make I am more excited to find bitcoin and collect it until the end of this year, because honestly I myself can not predict the market price because for me it is too complicated to understand and have to see some factors that can make bitcoin prices to rise

[forumsehat]

Until now I also hope that the temporary bitcoin price to go down again to 7k to get me a chance to buy, and after that go up again.

[pocket_lck]

The number of people who want to get the bitcoin price down because they want to take the opportunity to buy bitcoin when the price is cheap, but I think this is only the price of the correction for a while and will go up again.

[pooya87]

any half good trader will tell you that it is impossible to predict bitcoin specially at that point when it stayed above $8k and price was in a symmetrical triangle. not to mention that TA is not even working for bitcoin. but now that it has started the descend you can say it will go lower because it has broken below that line and the buy support is no longer there to prevent the  bigger drop.

[abelmon66]

I think the price for now will persist and if the traders want to buy better bitcoin they make a purchase at the moment, and hold it for the price back up again.

[Fondo Platform]

BTC will come further.

[Roberttran]

Until now I also hope that the temporary bitcoin price to go down again to 7k to get me a chance to buy, and after that go up again.

At the moment it's hard to btc price down below 7k again.  today, I think it is also a good time to shop now

[BrewMaster]

whenever someone is talking about "top traders" and generally call someone "experts" they are in reality talking about some bullshitters on the internet who are self proclaimed experts who are making random guesses about the price. sometimes they come true and they get too excited believing in themselves and other times that they are wrong they blame "manipulation"

[TRAID]

I take these predictions with a grain of salt and just rely on my own knowledge and experience to decide what to do. The thing with crypto is that things happen when we least expect them. Traders have been shilling alt season for months now, but it's gonna happen when we least expect it and when we utterly lose hope for it to ever happen. And let's not talk about the hidden agendas of these so called pro traders who shill their trades and bags. So, bottom line peeps, don't take these predictions too seriously.

[jhonvir666]

we will tell you who has half a great businessman who is impossible to predict a bitcoin especially at those points when it stops at $ 10k and where the price is in a symmetric triangle. not to mention TA is not enough even working for bitcoin. but now it's getting started down and you can say it goes lower because it's broken down the line and supporting the purchase there is no longer to avoid bigger drops.

[solopay669]

Well today, in general, he is already 7 к

[dothebeats]

We already broke $8000 and the price has stayed a bit in the low $7800. Good thing is, the downward pressure isn't strong enough to cause a massive panic amongst all newbie traderswhich, if it did, would surely send us flying below $7000 again. Short-term price predictions and sentiments seem to be favoring the bears, , and there aren't any strong bullish signs that suggest that we would be out of this hole within the next weeks. Sell indicators are still strong though I believe that most people willjust carry the burdens of a falling price rather than sell their coins now.

[freesia_pnp888]

well, i'd like the price to drop too so i can get some at good prices. it's reasonable.