My 5900 late June prediction was spot on since we hit 5766 as well. Now my new prediction is 4900 by late August.
I am perfectly aware that we may hit lower than 4900 by late August and even much faster as well, however I am just optimistic and I give you a moderate prediction.
If we hit 3900 that would be big trouble for everyone since then we can prepare for a multi year, prolonged bear market.
What is my proof for this predicition?
First of all the market sentiment.
Market is waiting for this sort of price. Also the volume is just weak at 6117.
It is no point to buy or sell at this price level.
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.
Enjoy your moves and good luck.
Regards
Daniel Simon
I think if your prediction that bitcoin price will get down at $4900 by late August, this will make people sell their bitcoin right now and they will wait for August to buy back bitcoin again. but I am not sure that the price hit $3900 and this will be a big crash that will happen in this year. I don't want to see this is happening and I hope that the price can increase higher although it's slowly.