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Author Topic: My prediction  (Read 429 times)
NoviceInvestor (OP)
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July 27, 2018, 12:49:50 PM
 #1

I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.

This prediction is just based on looking at price variations in 2018. $6000 appears to have support.

Note: Don't anyone trust my prediction. I'm just learning more about price movements and making predictions to see to what degree I'm able to predict the market. Or not.
buternasek
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July 27, 2018, 03:01:31 PM
 #2

I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.

This prediction is just based on looking at price variations in 2018. $6000 appears to have support.

Note: Don't anyone trust my prediction. I'm just learning more about price movements and making predictions to see to what degree I'm able to predict the market. Or not.
just calm down, I do not trust this kind of prediction.  Cheesy
after all I never trust the predictions about bitcoin, because it's useless to do it, bitcoin will never be predicted.
bobo012
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July 27, 2018, 03:40:53 PM
 #3

I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.

This prediction is just based on looking at price variations in 2018. $6000 appears to have support.

Note: Don't anyone trust my prediction. I'm just learning more about price movements and making predictions to see to what degree I'm able to predict the market. Or not.

I hope so, with the etf decision striked down, cboe etf doesnt have much chance. It can mean more downside in the short term. In the longer term i am not worried about it, it will soar
b3j0
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July 27, 2018, 04:05:07 PM
 #4

it seems that bitcoin prices will continue to increase until the end of the year, but even so bitcoin prices will still be corrected. I'm sure the bitcoin price will soon reach $ 10k again.

finlandais
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July 27, 2018, 04:25:48 PM
 #5

As per my predictions i think bitcoin will reach 9k end the end of this year.It will take atleast 2 months more for bitcoin to recover properly.Its already showing a good response so thats why i guess that bitcoin will reach alteast 9k or 10k by december of this year.Rest is all mystery,nobody can surely say anything.Just keep hoping for the best.

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Mhd-Bobbi
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July 27, 2018, 05:28:33 PM
 #6

it seems that bitcoin prices will continue to increase until the end of the year, but even so bitcoin prices will still be corrected. I'm sure the bitcoin price will soon reach $ 10k again.
Yes. We continue to support that bitcoin continues to increase. I'm also sure not only $ 10k but maybe up to $ 20k. Because I see movement begin to increase.
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July 27, 2018, 05:44:37 PM
 #7

And bitcoin is going back up again. My prediction is already wrong.
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July 27, 2018, 06:00:31 PM
 #8

I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.

This prediction is just based on looking at price variations in 2018. $6000 appears to have support.


I agree I don't see bitcoin going below $6000 it is its price floor right now even the worst thing scenario is bitcoin below $6500 less will be an underestimation of the value. The only reason of bitcoins fall is that there is no news and updates all over the world and is in fact being isolated by most people, bitcoin needs more voice and letters to spread by doing so it will most likely to surpass its limit again and go over $10k value.



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mostkey
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July 27, 2018, 06:19:47 PM
 #9

All need trust in Bitcoin, hopefully this is the lowest price of Bitcoin at this price, now it only takes positive news to be more confident in the market, in a few months maybe Bitcoin will bounce back to show that ETF has no big effect on it, assuming that, no matter what happens I keep enjoying it, it's just a big renewal after a tremendous rise, trying to rebuild the foundation to stay firmly on the hill, trusting the future for many to contribute to Bitcoin and new funding little by little.
figmentofmyass
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July 27, 2018, 08:55:40 PM
 #10

I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.

This prediction is just based on looking at price variations in 2018. $6000 appears to have support.

i'd say the chances of new lows have gone down moderately, but we're not out of the woods. it'll take time to prove that.

we've got a wyckoff spring from the bottom and it looks like we should have a new medium term trend (up). i suspect it won't pan out as a new bull market to ATHs. but something like 2012 makes a lot of sense to me. (correction is not over, and another leg down may be coming, but the bottom might already be in)

BitHodler
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July 27, 2018, 10:45:34 PM
 #11

All need trust in Bitcoin, hopefully this is the lowest price of Bitcoin at this price, now it only takes positive news to be more confident in the market, in a few months maybe Bitcoin will bounce back to show that ETF has no big effect on it, assuming that, no matter what happens I keep enjoying it, it's just a big renewal after a tremendous rise, trying to rebuild the foundation to stay firmly on the hill, trusting the future for many to contribute to Bitcoin and new funding little by little.
Your "trust" is based on the price and not Bitcoin itself, which is wrong. The price isn't worth any of your trust because of how unreliable the short term market is. Literally everything can happen still.

I wouldn't even be surprised to see the market yet again test the $6000 mark and probably not hold it. If we test that level too often, the demand isn't there and we'll likely see the price fall much and much lower.

People often say that triple bottoms are a bullish sign, but what if we keep testing it? That can't be too bullish, right? We have to accept that when there isn't any demand the price will reflect that. Being overly bullish means nothing.

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bitcoin31
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July 27, 2018, 11:49:53 PM
Last edit: July 28, 2018, 12:23:59 AM by bitcoin31
 #12

Prediction is prediction and not possible to happen or possible to happen. We have different prediction and everyone are free to predict but other people predict to much like 1,000,000 dollars and that is really impossble to reach bitcoin value.
pooya87
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July 28, 2018, 04:17:26 AM
 #13

I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.

This prediction is just based on looking at price variations in 2018. $6000 appears to have support.

it wasn't exactly a bull run in my opinion. what we had was just a simple rise, you may even call it a recovery after going lower than it should have gone so now the market is correcting itself. and it is not over. it just slowed down and we had some drama yesterday which caused that temporary small drop.

as for the drop, i don't expect it to go under $6k for the same reasons but also i don't expect it to go below $7k or at least $6.7k since the bottom is also coming up: lower lows.

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hatshepsut93
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July 28, 2018, 04:27:59 AM
 #14

I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.

This prediction is just based on looking at price variations in 2018. $6000 appears to have support.

Note: Don't anyone trust my prediction. I'm just learning more about price movements and making predictions to see to what degree I'm able to predict the market. Or not.

Bitcoin can be quite susceptible to manipulation and panic sometimes, so if we'll return to more bearish market, prices below $6,000 are possible for short periods. A good example of such crash can be the one that happened last year when China banned exchanges. 

But also it's too early to say that this bull run is over, the market is still waiting for ETF decisions and there's a lot of hope.
Jating
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July 28, 2018, 06:00:32 AM
 #15

I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.

The bull run is not yet finished, bitcoin is still going up and rebounded in the last 24 hours. It went from $8200-$7800, but it looks like the price is almost $8200 again. The decline was triggered by the disapproval of the Winklevoss 2nd appeal for Bitcoin ETF, but the effort is short live.

This prediction is just based on looking at price variations in 2018. $6000 appears to have support.

Note: Don't anyone trust my prediction. I'm just learning more about price movements and making predictions to see to what degree I'm able to predict the market. Or not.

Yes, I agree that if we ever face another declined, it will not go below $6K. Actually, we might not see another bottom below $6K because there's a lot of positive news that will be coming in the next couple of months.
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July 28, 2018, 06:42:03 AM
 #16

And bitcoin is going back up again. My prediction is already wrong.
With cryptocurrencies in general when you give a logic prediction you always win. Saying Bitcoin will fall is true and it happened. Saying it will rise, yes it happened too, unless you predict something over $10,000 in a short period.
The important parameters is not the price movement in fact, it is adoption then comes the level in which the price could resist above.

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July 28, 2018, 07:18:39 AM
 #17

I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.

This prediction is just based on looking at price variations in 2018. $6000 appears to have support.

Note: Don't anyone trust my prediction. I'm just learning more about price movements and making predictions to see to what degree I'm able to predict the market. Or not.
well yes of course because  6k is the current bottom price since the volatility of market keep trying to break the resistance , and in my prediction probably even $6500 is impossible to break on this circumstances which is on this sudden decrease of progress. Because market still have potential to increase again base on the pattern nowadays.
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July 28, 2018, 07:21:09 AM
 #18

And bitcoin is going back up again. My prediction is already wrong.
With cryptocurrencies in general when you give a logic prediction you always win. Saying Bitcoin will fall is true and it happened. Saying it will rise, yes it happened too, unless you predict something over $10,000 in a short period.
The important parameters is not the price movement in fact, it is adoption then comes the level in which the price could resist above.

that is only true about bitcoin not cryptocurrencies in general sine the real adoption has only so far happened for bitcoin and most of the altcoins aren't even ready for the real world or capable of it even in some cases.
and regarding $10k I have to say it is not such a far away target to be impossible for a short term. it is only a small 20ish percent rise which is really nothing for bitcoin. I think you should have said $100k in short term.

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Flor1982
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July 28, 2018, 07:31:35 AM
 #19

I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.

This prediction is just based on looking at price variations in 2018. $6000 appears to have support.

Note: Don't anyone trust my prediction. I'm just learning more about price movements and making predictions to see to what degree I'm able to predict the market. Or not.

Actually, i'm sicked of these predictions because there are lot them for this year that did not happen as desired like they said May is the start of a bullish run but what actually happen was the market is in more difficult specially Bitcoin therefore i rather to wait and see than listening to the predictions because it will just make us disappointed if we believe them but anyway this is better than spreading FUD that will only make the market worst.
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July 28, 2018, 08:13:59 AM
 #20

I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.

This prediction is just based on looking at price variations in 2018. $6000 appears to have support.

Note: Don't anyone trust my prediction. I'm just learning more about price movements and making predictions to see to what degree I'm able to predict the market. Or not.

I think that your prediction is wrong because the market price of bitcoins drop to $5.8k dollar but it increase immediately back to $6k in just a few hours, it only means that there are big whales who are waiting for a huge dump in the market.
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