Quote from: audaciousbeing on October 28, 2017, 08:09:36 AM

Quote from: Atomise on October 28, 2017, 07:38:00 AM

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price.

I was expecting to read more reasons backed with analytical evidence even if its historical to support this your argument but no I didn't get but only about the decreasing volatility which to me is just normal. If you really understand the way bitcoin price works you will realise that at any point in time, there is always a calm or stagnant period which is what is being witnessed. This stagnant period can sometimes take a short number of days or sometimes weeks unless something big happens to either push the price higher or lower, we expect to be within range.

The price will go about the range you talking about if the BTG issue that didn't get the amount of coverage could get price to this range, I expect the upcoming one in November to do more than this and it's possible.

I agree to the reply of sir. Having your title thread like that is a big judgement statement making me and others think that you may have a strong argument that Bitcoin price can not go over $7000. But when I opened it, you lack a lot of data and analysis to support your statement. Yes, you may be right and we may be wrong. No one can predict it 100%. But when making predictions like this we need to have both fundamental and technical analysis. There are a lot of factors affecting it's price and we need to see the bigger picture to have good price prediction.