After reading several topics about how bitcoin is going down and how people are getting out it just crossed trough my mind that FUD has started to shake weak hands(again) and that in next few days bitcoin really might start going up.
Anyone share the same opinion?
It is so difficult to forecast the price of bitcoin due to its unique behavior, because unlike most institutional markets, it tends to react in a particularly volatile way to the rumor mill that usually spreads unreliable media, and disobeys all rules previously known on technical and fundamental analysis.
And this is especially paradoxical because the technology involved in cryptocurrencies today is better than ever, but for investors this seems absolutely irrelevant.