Post
Topic
Board Speculation
Re: 4900 by late August
by
Theb
on 28/06/2018, 12:28:50 UTC
Call me noob, however I am 99.99% sure about my prediction. Simply we didn't hit our true bottom. There isn't any bull reversal yet. Once we hit our true bottom there will be a strong bull reversal plus fomo and a huge bull run.
Can you try to make us understand what for you or what amount is "true bottom"? As if I am reading it right you said that your prediction of 5,900 in late June is correct since it hit 5,766$ and now it is back above 6,130$, so I am confused what price point do you expect for Bitcoin to be its "true bottom"? And please explain why is that the true bottom. Volume being weak is also not a factor for prices to go down, sometimes when price are consolidating you won't really see any kind of major movement in the volume. I'll even worry more if prices are consolidating and the volume is rising, as that means there is a potential bull trap in the making.