Quote from: jjacob on January 29, 2018, 05:20:46 AM

Quote from: NewsBounty on January 26, 2018, 09:24:36 PM

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

Apart from technical analysis, there are no parameters you can use to value Bitcoin. At least in equity valuations, you have earnings, cash flows, price multiples. etc. People trying to use similar parameters to value Bitcoin end up with ridiculous numbers.
That said, I think it is probable that Bitcoin will go below $9,000. That is more to do with Bitcoin's volatility and where it is trading now, rather than any deep technical analysis.

Bitcon will move blow 10k only in case of another unwaited FUD (but for now everything seems calm) while the volatility is more about the current price movements without any shocks. As we know if something happens to bitcoin then technical analysis is quiet useless during the panic selling (same thing on other markets).