Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: sirty143 on April 14, 2020, 04:50:32 PM

Title: Ross Ulbricht's 9th Price Analysis Predicts Bitcoin Prices Below $3,000
Post by: sirty143 on April 14, 2020, 04:50:32 PM

Ross Ulbricht's 9th Price Analysis Predicts Bitcoin Prices Below $3,000

(https://news.bitcoin.com/wp-content/uploads/2020/04/newlighter22-648x320.jpg)

The founder of the Silk Road marketplace, Ross Ulbricht, has published another analysis that attempts to predict the price of bitcoin. Ulbricht started sharing his price examinations last December and he leveraged the patterns of Elliott Wave theory to bolster his forecast... See more for yourself here (https://news.bitcoin.com/ross-ulbrichts-price-analysis-bitcoin-below-3000/).

Your opinion is greatly appreciated.

Title: Re: Ross Ulbricht's 9th Price Analysis Predicts Bitcoin Prices Below $3,000
Post by: Alcor on April 14, 2020, 06:22:24 PM

I think that the price of bitcoin does not lend itself to any charts and forecasts. For example, now the price of bitcoin and the entire cryptocurrency market has fallen due to the spread of coronavirus. Could this have been predicted from graphs, wave theories, and other predictions? Of course not. However, the events associated with the coronavirus will directly affect the price movements not only this year, but also for the next few years.
Therefore, I see no reason to drop the price of bitcoin to $ 3,000.