Post
Topic
Board Speculation
Re: I believe BTC is going to trend down to $5,000 whats your thoughts
by
daarul50
on 12/04/2018, 17:35:46 UTC
IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts. 
I applaud your belief in bitcoin. However, the current market conditions seem to differ from your beliefs. bitcoin has tripled the price range of $6600- $6800, where it is the nearest support before the last pump in December last year and the price point is also a new floor for bitcoin prices. Several times the price point is also formed a double bottom pattern and maybe big bullish will happen soon when the pattern is already formed.