Post
Topic
Board Speculation
Re: I believe BTC is going to trend down to $5,000 whats your thoughts
by
HeRetiK
on 27/03/2018, 00:05:29 UTC
I am being very positive when i tell you that bitcoin will fall into the $2000 region by the end of the year. Does the phrase "buy low" ring any bells?

Bitcoin will continue to fall lower in price through 2018 and 19. It will then go sideways throughout 2020 (the year of the next block halving) then it will rally again in 2021

this market is for long term players not short termers who can only comprehend upward price movement

I don't think your prediction will hold true but I do like your line of thinking regarding long term perspective and buying opportunities. The crypto ecosystem may look different but the fundamentals haven't changed.

Since Bitcoin often came close to revisiting previous ATHs after the respective rallies came crashing down (eg. from USD 270,- down to USD 80,- and from USD 1,200,- down to USD 300,- -- forgive the rough numbers) your estimate of USD 2,000,- would fit to historical observations. Still I think that given the duration and resilience of the recent rally things may be different this time (as much as I hate uttering this phrase).