Post
Topic
Board Speculation
Predictability of Bitcoin - drop to $6000 then up to over $7000 within weeks?
by
NoviceInvestor
on 08/08/2018, 15:37:30 UTC
Looking at the charts for the whole year, it did look as if the recent bull run could be the start of a sustained recovery. If you fit a line down from the December 2017 peak, then it did look as if the drop had finished, and it could start going up again. But, with the current fall, it looks like just another up/down bump on the graph. It just shows that simply looking at the graph isn't enough to predict price movements.

I'll predict that within the next month the price will go down to break $6000, and then go up to over $7000 again. I make these predictions only to see how my predictions come out. I want to have more accuracy in predicting the market before I commit my money.