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Learning & News => News related to Crypto => Topic started by: newshunter on December 10, 2019, 01:00:21 PM

Title: Sorry — But Bitcoin Can Still Drop to $2.7K While Everyone’s Bullish
Post by: newshunter on December 10, 2019, 01:00:21 PM

Sorry — But Bitcoin Can Still Drop to $2.7K While Everyone’s Bullish

Despite Bitcoin’s slow upward price movement, higher time frames suggest new lows may be in store for Bitcoin

Source: Sorry — But Bitcoin Can Still Drop to $2.7K While Everyone’s Bullish (https://cointelegraph.com/news/sorry-but-bitcoin-can-still-drop-to-27k-while-everyones-bullish)

Would appreciate your opinion about this

Title: Re: Sorry — But Bitcoin Can Still Drop to $2.7K While Everyone’s Bullish
Post by: Fenix on December 10, 2019, 05:53:31 PM

Such a forecast was made on the basis of bitcoin price charts, but it seems to me that bitcoin is not amenable to any analysis in terms of price. It is simply not predictable in its price. Moreover, such a significant drop in price should have a very significant reason. Although, of course, we should all be prepared for the fact that the price of bitcoin can not only grow, but also fall significantly.