Post
Topic
Board Speculation
Re: Bitcoin Must Crash - $7500 Is The Peak
by
Evintiman
on 18/11/2017, 10:28:58 UTC
look at that from the bright side unique chance for buying bitcoins with 20-30% discount cause price will get back to 7000 mark before new year.

People here are always too late. They likely bought their coins very close to the peak levels, and for that reason aren't in a position to see it as an opportunity. If we look at the charts, there is a similar pattern visible, hinting at a correction somewhere close to the +$7000 levels we visited before the market went down. It doesn't require any actual market understanding to spot that pattern, but just common sense. At worst we'll be testing the $5000 level in the very short term, but I don't expect the market to fall that much down. My guess is a dip just under the $6000 level ($5800-$5900) where after that we will see the market go back up again.

You are right. The dip happened in the $5500 range. I think after the Bitcoin future is listed in CME, the price could be $10000 or even higher.