Quote from: cabron on September 24, 2018, 01:10:28 PM

Quote from: wuvdoll on September 24, 2018, 01:04:19 PM

Quote from: Juggy777 on September 20, 2018, 07:40:36 AM

Quote from: alexey14 on September 08, 2018, 05:06:00 PM

BTC will go to 3k$ by DEC 2019, tons of people bail on it on a regular basis.

Hey on what grounds have you reached this conclusion? Do you even have any conclusive proof to back your theory? This seems another attempt to rattle bitcoins investors by making vague statements with no actual information. If you're observing current trends there're pro bitcoins activists on board in the Sec, which means sooner or later Bitcoins ETF will get approval. In news also we're seeing many major corporations, countries are looking at bitcoins as a future currency, so bitcoins prices shall shoot up not down.

Apparently, I do not expect him to have any concrete proof to back it up, except of course where the wedge converges to is towards $3k but that simply does not mean the market would get to that stage before it eventually picks up again. Bitcoin market is trading around $6500 like a rock and this is the more than enough proof that $5800 is still remaining as a big resistance hence we never need to worry about $3k levels.

For what it is worth, I want to believe that we are in a situation where nothing is certain at the moment, we have been seeing certain reactions in the market like the bears being rejected lately, and then who knows what is really going to happen next ?

You may think its unusual for the price to go deep $6k but e may be right if you think about when the price actually started its pump last year it use to be just $800 and then goes up to more than $1000. I was surprise it reached up to $5k in less than a year. OP may have think of it being where the price could go if those who pumped BTC are going to really dump. They may be having second thoughts for now because that will lead them being burned once big finance companies buy all the btc they are about to dump. Bu then anyway $3k or not, a lot will buy BTC.

Many people also predict that the bitcoin price will hit $50k till the end of this year. Now tell me which prediction is more authentic. There is a huge difference between $3000 and $50000. It means that some people give future price without any technical analysis. Thats the reason that I never believe in predictions. These are all false and against the facts.