Post
Topic
Board Speculation
Re: Bitcoin won't top $9,000 by year's end, Novogratz says
by
BerneirBTC
on 17/10/2018, 12:13:31 UTC
i hope there is a twist on that story like what happend the the pump most predicted it to10k and at 10k most predicted ot at 15 k but then is goes up to almost 20k, now they predicted 9k there must be story behind it, im excited on the twist LoL.

Agreed! A twist would really make it appear that they no nothing. But the twist should wait until Tom Lee first declares that he is giving up on his $20k by end of 2018 prediction hehehe.


and I think that prediction is very difficult to achieve. we clearly know so many obstacles to bitcoin this year. I might think the same as the price of bitcoin will not be more than $ 9,000 by the end of the year. but, this is only limited to predictions, it could be that the price of bitcoin is above $ 9,000 at the end of the year.
The only reason for the drop of price is manipulation. Does anybody can tell why the price skied in the previous year? Not because the increasing demand for bitcoin but due to whales in the market. Then when the price downed to its original condition, investors started mourning. That was the terrible moment for bitcoin and the effects are still in the entire crypto market. 
To observe the current situation of the market I can say that the price would not rise more than $8000 atleast December this year, because there are no good signs for growth in the price. the market is still red and no greenery is looking is observation. If the price reaches to $9000 till the end of the year it would be quite good price for bitcoin and investors would be happy with this price.