Post
Topic
Board Speculation
Re: Do you believe May 2018 will be the last time Bitcoin price is under $10000
by
exstasie
on 14/05/2018, 22:36:37 UTC
May 2018 will be Bitcoin's "last time" at under $ 10,000. That was Shrem's statement, which made the digital money community flutter.
Shrem is certainly no trader or technical analyst, and he isn't known for making accurate price forecasts. I agree with him in a very broad sense on a longer timeline, but I think he's straight up wrong here.

These "BTC will never go below $x" statements should be made early into bullish/bubble markets, not during bear markets....

If anything, these kinds of statements make me more bearish for 2018. I still think we could be in the middle of a big bull trap.