Eliot waves analysts
https://ewminteractive.com/btcusd-ready-another-terrifying-pullback
and Goldman Sach says that bitcoin will top $4800 and then drop
I wonder if any people here agree
Here are the links
https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html
https://ewminteractive.com/btcusd-ready-another-terrifying-pullback
and Goldman Sach says that bitcoin will top $4800 and then drop
I wonder if any people here agree
Here are the links
https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html
Doesn't it happen already? there is no point in arguing about the analysis of Bitcon price droping since it already happen. But the one debatable is the price going down to $2,200. I know the analysis used here is the data from the previous price drop of Bitcoin but I believe there are lots of errors there. Bitcoin might fall in price due to the correction but I think it will not touch $2500 again.
If bitcoin enters a bear market with the current top of $5000 you should expect price to drop to the 0.618 to 0.786 Fibonacci retrace levels on the chart. Of course if we make a new high we have to draw a new chart. We are talking worst care here. If bitcoin price drops to $2000 it will not just pop back up to make new highs, we will be in a bear market that could take a minimum of a year to resolve.
