Post
Topic
Board Trading Discussion
Re: Bottom of BTC descending channel is 3000$?
by
Hiltohen
on 15/08/2018, 08:25:17 UTC
has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on
As you mentioned in your topic, they have predicted that point, it's just guessing that anyone can give a number but it's hard to find true predictions "because of an unstable market" so you do not care about it.

There is no so-called "logical bottom" but "market bottom," it is impossible to predict the price of bitcoin mathematically, the market is determined it by the peaks and bottoms.

The news largely controls the mood of the market, I'm not saying it's impossible to get to that point but the market is far away from the $ 3000 barrier.

Again it's predictions *do not bother it*. "Focus on the news"
I support you in your words. Nobody can really predict the peak value of dump or pump phase. Bitcoin is the most unpredictable asset that I have come across in my whole life. Just because we have few facts and past year statistics does not mean we can come up with the almost accurate future prices of this coin. At most, all we can tell is the duration of any phase.