how do they know?

[Shasha80]

Don't believe too much in Bitcoin price predictions, they are only speculating with the analysis they are doing. Since no one actually can predict
the price of Bitcoin with accuracy, even if their prediction is true, it is just a coincidence. Now there are tons of articles related to Bitcoin price
predictions, and there is nothing wrong with predicting Bitcoin price movements. What we have to do is make these predictions only as a comparison
with the results of our own analysis. Never believe 100% of other people's predictions.

[seramania]

so they are predictions. I already know a lot of people predict that. some even say that "if the price of $ 50k is reached it looks like it could hit $ 100k" this looks crazy isn't it. but all that already there is calculation and analysis. we just wait for that moment at a later date

[Fatunad]

Predictions and presumptions out of those analysis that you had make.

You can draw out or spoke out words getting into those lines that you had drawn.These kind of analysis and words is flooding out in the market
every now and then and it isnt only on the time where the market is growing but also when the market is on very bearish run.
We can see that  there are people saying that bitcoin would go back to $1 basing of technicals.

[Twinkledoe]

Predictions and presumptions out of those analysis that you had make.

You can draw out or spoke out words getting into those lines that you had drawn.These kind of analysis and words is flooding out in the market
every now and then and it isnt only on the time where the market is growing but also when the market is on very bearish run.
We can see that  there are people saying that bitcoin would go back to $1 basing of technicals.

Yes, basically they are mere predictions. So it can either be true or go on the opposite side. So don't think that those predictions are reliable because it is not. In reality, there are so many things to consider and most of them can't be accommodated by those graphs. But sometimes, it is good to see such predictions and then when the time comes, you can go back and check how far or near they are in actual figures.

[Jaycee99]

Anything you see is only a prediction they do not know they can just figure it out with a fifty-fifty chance of it can happen and it can't happen but still, they studied how the market works.

As of now the best thing you do is to study at the same time make the research that you did. Plus I want to say this they only just predict the positivity and the people who are interested in bitcoin correct me if I am wrong anyone.

They cannot predict on people who will sell their share and that it will affect the market that those technical analyses did not see.

Keep in that you should not base on those at least, not 100 percent rely on. You should at least study.

If you do rely on this prediction would suggest please think again.

I once searched for January 2021 prediction it was said a 50k but it did not only for a 40k but to drop, I wish I save it for you to see that those research of yours are not 100 percent reliable.

"It is uncertain"

[LUCKMCFLY]

The news and predictions are just that, maybe the author ventured to make those statements, but one way to see a lot of information is through the volume, the funny thing is that it does not make an analysis of the volume, nor does it show it on the chart.

Another way of looking at it is that he analyzes the chart by days and not by weeks or months in order to at least be able to predict with greater precision, what I suspect is that he may be following his knowledge in chart figures.

[electronicash]

they are only speculating that bears will come in. of course traders will dump as they profit and well they can consider them bears but this bull market has just begun. there are only a few people who are participating in Initial DEX offering (IDO) yet which i think will make the market rise. it may dip temporarily for a week or two and then burst once again. There few institutions that had come yet.

[isaac_clarke22]

~

I think even the most professional investor/trader in crypto industry would still be wrong sometimes at this. There isn't guarantee to where the price will go.
It's like a toss of the coin. The force of the toss is where the speculation comes from, while here in crypto the pattern of the price, spikes, etc are like the knowledge that there's a probability for a certain price movement.

[CryptopreneurBrainboss]

how do they know?

the price never reached $60,000, so how can they know that in the $60,000 region it will be where bears can step in?

They aren't always right as when the FOMO is too much the price could easily cross that resistance we were seeing previously from the charts. What the analyst do revolves around interpreting what the charts are saying with some little experience but that doesn't mean the trades will play out as they have interpreted although most times that's usually the case.

From the charts, what the analyst is interpreting is saying, there's a resistance at $60k which is why he's predicting a correction to occur. Now here's how this plays out physiologically, many traders who would had seen this prediction will work in accordance and make their next decision in line with it, which is why many so called professional traders that have lots of followers using this to manipulate the market to their favour.

[maydna]

how do they know?

They don't know. They just speculate and predict what might happen to bitcoin if the price can break by $50k. It is happening now because bitcoin prices already break $55k, and the highest price of bitcoin is at $56,600, according to Binance. So bitcoin price is closer to $60k, which the price can reach in the next day or this day if the bullish trend still stays in the market. But what we need to be careful about is the next thing that will come to bitcoin after the price reaches the highest price because the price will make a correction, and we will not know when that happens to the market.

[pooya87]

The fact that this person is talking about "bears" in a "bull market" should be more than enough indication that they are full of it.

Apart from that, looking at the charts and also the history of bitcoin "bears" can never step in while price is constantly rising. We always see small to medium size corrections that act as bear traps during this time that trap traders like this person to empty their pockets because they simply go against the market trend.

Keep in mind that these people have been saying pretty much the same thing ever since bitcoin price went above $4k for the first time after the reversal from the bottom. They were expecting "bears to step in" and take the price down to $1k and they still do!

[ubercool]

It's a speculation, prediction, or he might be just praying to God that Bears should step in at the point where he predicted so that he can call himself a great technical analytic. Some of the telegram group admins are better than these people. Also, it depends on the publishing sites, some of them are supportive of crypto and some of them just post to get some views. No one can predict like that with numbers.

[Reid]

Scary huh? 
These guys are good at what they are doing. Almost accurate.
But, it's still a prediction. We can't even say it is a 50-50 percent chance. It's more like just 10 percent or lower for it to happen.
Well, it's 55k now and on the road to 60k.
I doubt a big bear would come. This could continue until it reaches its peak where no one can afford it anymore.
Someone will need to take his profits and dump it.

[Ridwan Fauzi]

Actually it was just a prediction and maybe they weren't sure that their analyst can happen 100%. The technical analyst only use a history, I mean how its previous chart pattern and etc. Whereas all the price movement are not depend on that, there is fundamental factor that can change the price movement.

The increasing price can stop and give a bearish sign if there is something bad happen like a bad news for bitcoin. Although technically it has broken the sideaway market it is not guarantee that the price will increase more than that. I often see, when the price broken out the box line and back to range box because there is a bad news come.

[cabron]

Its now almost $60k. They were just saying the possibility, as of now there is no sign yet that there will be cause for a dump but just the chart speculation. Normally there will be a fundamental analysis that should go in accordance with the bearish market and if this news isn't yet selling, the price of BTC will continue to go up. There are only few institutions coming, there should be more.

[Yatsan]

It is not actually that accurate to be stated. It is just a forecast or prediction of what could be possible to make happen once the inputted data comes into such point wherein assuming that predicted outcome will get into such then this might happen. It is just like calculating sorts of probabilities and combinations on how things might work in the future. Pure technical analysis but that does not mean to be accurate. It is just merely a prediction so you do not have to worry about it. Better to see things coming in front of your eyes not to cause panic on your own self or get worried on the possibilities that something might just happen.

[TheUltraElite]

so they are predictions. I already know a lot of people predict that. some even say that "if the price of $ 50k is reached it looks like it could hit $ 100k" this looks crazy isn't it. but all that already there is calculation and analysis. we just wait for that moment at a later date

It is more reasonable to say that if 50k is crossed which has already occured, the next target will be 60k usd. Now that might be touched soon but as per the topic being discussed here, the bears will take over at that price. Let's see how much selling pressure builds up at that price a s whether the prediction becomes reality.

But such news articles are just opinions and not to be taken for granted like I previously said. Trade after doin your own research and not after reading random prediction news which any random person can write.

[Bitum]

This year will be very interesting for us. I bet BTC will crack 100K by the end of the year. ETH also looks very good, and there are a number of perspective projects. The only thing that worries me is the unhealthy interests of states

[dimonstration]

This year will be very interesting for us. I bet BTC will crack 100K by the end of the year. ETH also looks very good, and there are a number of perspective projects. The only thing that worries me is the unhealthy interests of states

I don’t think they will put too much restriction during pandemic since many companies were using it now for their businesses and may cause some problems in their economic too since they were able still to get tax from those companies like Paypal, Grayscale and even with Elon. They might put or note some advises but not in the point that they will just shut it down or ban like many governments used before since there are companies who already believes in its usage.