Post
Topic
Board Bitcoin Discussion
Re: does it feel like 2014 again?
by
frowsiter
on 18/05/2018, 06:39:10 UTC
There was an article which I read yesterday which stated some technical calculation based on the graphs. Im not techie one to understand that but they clearly mentioned if bitcoin is going to drop below 8K USD (which is about to) then it could happen that we will run into the bearish trend and might hit the low rates of 6-7K USD.

However, they analysed the further data with 4 hours scale and stated that if we do cross exactly 8,600 USD rates then we will turn the trend into bull run.

Now either your post which is based on hypothesis of 2014 data OR this article based on fresh data of 2018 is going to be true. The question is which one is true and on what we should rely on.