Bitcoin Crash Back to 3800$

[Bitcoinislife09]

A tweeter post from Bitcoin Analyst Fil₿ Fil₿’s , He's tweeter post graph already say it all.

It the prediction was true, I don't really think this is going to affect a lot of the market price crashes at any moment the bitcoin has a lot of investors and I think a lot of investors or bitcoiner is just waiting to invest again.






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[LFC_Bitcoin]

It’s just another dude guessing. Drawing lines on a chart doesn’t mean that’s how it’ll play out otherwise we’d all be billionaires.

It’s very difficult to call short term price directions with Bitcoin.

[jackg]

Are you saying he's calling it or he already called it?

We already clashed back to 3800 so it wouldn't be unreasonable or in my view unlikely thst we flash there again, we may even it 3400 as a quick flash or 4300 (either way). I don't think it'd be much of news now if we sank to those levels for a week or so and then bounced back up again...

[sunsilk]

Drawing lines on a chart doesn’t mean that’s how it’ll play out otherwise we’d all be billionaires.

This.

Everyone can become a chart expert by simply showing a plain chart, putting lines from point to point. I'm sure that he didn't miss the crash and dip last time because it already went to that given price.

Are you saying he's calling it or he already called it?

He's probably calling it because his tweet is dated today.

[Lucius]

Anything is possible, we live in a time with many things that have not happened before and many unknowns, which can result in very serious consequences for the whole world. All markets are under tremendous pressure, and the flows of money, goods and services are quite disrupted. Everyone wonders how long it will take, and in my opinion, the best indicator is China, which has only just begun to recover after almost 4 months of fighting the virus. At the same time, the rest of the world (especially EU & USA) are only somewhere in the first quarter of this time.

Most of us would like to see BTC finally show strength and move up, but the purchasing power of small people around the world is significantly weakened as many have lost their jobs, especially in the tourism sector, which includes hotels, restaurants, transport - and the food and beverage sector associated with these industries.

Be prepared for anything, and even if $4000 happens again, let's hope it lasts a very short time.

[criza]

As the price spreads even more across borders, it might be possible for another dump in the price of Bitcoin but, these last days of the month of March shows a great sign for the recovery in the standing of the coin in the market, it is already now in $6,000+ value and has roughly increasing day by day, if this where to continue till the next month, we could say that the market is already recovering from the virus.

[Febo]

Bitcoin Crash Back to 3800$

Why not? Of course it can drop to $3800. It can even lower. We have no ideas how long this economic freeze will last. Chartists are fucked because all past charts are invalid to predict Bitcoins future.

[kentrolla]

This chart doesn't evaluate the price of Bitcoin, it only depends on the buyers and sellers. We are almost closer to halving which will happen in May, so be confident and have self belief. Even if it goes to $3800 we have to face the challenges and move on for the next turn, well this is how the market works... from now hopefully the price will not go down, day by day it will be increasing unless there's not a descent pump...

[hugeblack]

Whoever cares, we were at these levels a few days ago and we may return to it, what you see as a breakdown is a good opportunity to buy at a low price, especially since the price is able to quickly correct again.

Do not rely too much on the analyzes of these people. If it was correct, they will not correct in the long run because it is only prediction.

[ScamViruS]

The current situation can be taken in any direction. Crypto twitter gives several thousand charts daily. Some say $3800 some say $2800. But those who are long term holders they don’t' care about sort term price. They are holding Bitcoin for the future. Those who think of the sort term they do not stay in the crypto market for long. So if prices come down in this range I will definitely buy more.   

[fabiorem]

His prediction is right on spot.
I read there are 6 new strains of the coronavirus, ready to be released to the public.
This can cause 6 new crashes. But I doubt any of them will be worse than the first.

I noticed the legacy system is using bitcoin for its own protection.
So they print billions of dollars, pump the price a little, then dump it. Rinse and repeat.
At a certain point, new strains of the coronavirus will not cause crashes anymore, and people will get used to it. This is the "new normal", where people will take vaccines regularly, preparing them to accept a new system, with a centralized global cryptocurrency.

There will be several opportunities to buy bitcoin, and to get out too. I expect a minimum of $700 and a maximum of $15k for this year and the next.

[davis196]

His prediction is right on spot.
I read there are 6 new strains of the coronavirus, ready to be released to the public.
This can cause 6 new crashes. But I doubt any of them will be worse than the first.

I noticed the legacy system is using bitcoin for its own protection.
So they print billions of dollars, pump the price a little, then dump it. Rinse and repeat.
At a certain point, new strains of the coronavirus will not cause crashes anymore, and people will get used to it. This is the "new normal", where people will take vaccines regularly, preparing them to accept a new system, with a centralized global cryptocurrency.

There will be several opportunities to buy bitcoin, and to get out too. I expect a minimum of $700 and a maximum of $15k for this year and the next.

Where do you read this news about 6 new strains?Don't you think that this is fake news?
The "centralized global cryptocurrency" won't happen soon.There's no consensus among the big countries in the world.USA and the EU don't trust China and Russia.A new vaccine might never be created.
A maximum of 15K USD for Bitcoin this year seems pretty optimistic to me.Even recovering back to 10K USD at the end of 2020 will be a huge achievement.

[Dart18]

Someone trying to be another pro analyst.
Yeah, it could happen but no one knows.
It may even go 1.5k. But then what? It might not even take long to stay there.
People will still buy it specially at a cheaper price knowing that it could go way high in just a little amount of time.
That means profit for them. More dollars.

[TitanGEL]

It is just a mere prediction, most of traders are losing money in the market because they keep believing in predictions of those self proclaimed gurus and analysts. I do not say that all of their opinions are not correct but ask yourself why you will believe to them. Maybe their are people who are believing to them because they are too lazy to do their own analysis. Rely on price actions and always be smart especially if you see many posts about the prediction. I do not say that it is impossible to get down again the price of bitcoin but it is just a prediction after all.

[Japinat]

The graph looks great but at the end of the day, it's just a prediction that could happen or not, nothing is special with that.
So maybe let's give him a chance, bitcoin will dump to $3800 then what's going to happen? for me, people would not be surprise, in fact they will not care and panic because they know bitcoin will just rise again, and maybe investors will be happy if bitcoin will dump that low as it should be accumulation time again.

[Asuspawer09]

Drawing lines on a chart doesn’t mean that’s how it’ll play out otherwise we’d all be billionaires.

This.

Everyone can become a chart expert by simply showing a plain chart, putting lines from point to point. I'm sure that he didn't miss the crash and dip last time because it already went to that given price.

Are you saying he's calling it or he already called it?

He's probably calling it because his tweet is dated today.

Surely as anyone on the internet like for example here in twitter could pretty much become a Bitcoin Analyst since its not really a cryptocurrency website and there was actually no cryptocurrency requirement before you could create an account. But surely this analysis could be true in the end because no one really knows what could happen in the market, in the end, it was just all depending to the market and there were just too many factors that affecting it so dump and pump in the market could happen at any time.

I think even if this happened the dump and pump whatever it still benefits the market since this is already the nature of the market price of bitcoin.

[Smitty Werben Man Jensen]

of course the $ 3800 zone is a good accumulation zone for Bitcoin, using 50% of capital I think it's still safe, if it goes down again to $ 1000 you can add 50% of your capital, and wait until the price goes back up to All Time High!

[The Sceptical Chymist]

It’s just another dude guessing.

Yep.  This guy thinks bitcoin could crash to $3800, and if you talk to 20 other analysts you'll get 21 different predictions--and they'll likely all be wrong anyway.

That said, it certainly is possible bitcoin could slump back down to the $3-4k range.  On the other hand, I think if it was going to do that it would have already when the massive selloff occurred right around the time that the stock market dropped.  Right now it appears that stocks and bitcoin are both rebounding, so that's a good sign IMO.  I bet a lot of investors saw it as an excellent buying opportunity, which is smart.

The graph looks great but at the end of the day, it's just a prediction that could happen or not, nothing is special with that.

Yeah, and I don't buy into TA at all so graphs and predictions made from looking at them don't impress me in the least.

[TheAndy500]

Many people think that after such a big drop in Bitcoin price as the last one, the price should now slowly recover. In my opinion, this is not the case. Even if the fall in the Bitcoin price was not directly caused by the the coronavirus epidemic, it was almost certainly caused by the global economic crisis. Unfortunately, but it looks like the crisis is getting worse, so in my opinion the price of Bitcoin will continue to fall. I really hope it will not fall below predicted $3.8k, but Im really affraid that the bottom can be lower.

[jackg]

The graph looks great but at the end of the day, it's just a prediction that could happen or not, nothing is special with that.

Yeah, and I don't buy into TA at all so graphs and predictions made from looking at them don't impress me in the least.

Some parts of TA can be nice and self fulfilling...
If we're including things like psychological levels and vpvr then I can see some use from it. Otherwise it's just people holding off doing something because they think something with their analysis and are trying to pass it on to other people to allow for it to be fulfilled and them seem right.

You think the price is going to go down, find a way to reinforce it and place your order just before publishing it, you do that often enough then you might get somewhere. Ethics go beyond the comprehension of most people these days it seems too...