Re: Notable Bitcoin Critic Claims Price Likely to Hit $5,000 In Near Future

Quote from: akihikohideaki on January 11, 2019, 07:03:57 AM

How do you respond to comments made by Bitcoin critic Jeffrey Gundlach, CEO of DoubleLine management. He estimates that Bitcoin can reach $ 5,000 in the near future. Gundlach notes that investors who have a high tolerance for risk can make easy profits if they want to trade Bitcoin.

The question: is it true that currently Bitcoin has changed with fairly competitive volatility ...?

Source: https://www.newsbtc.com/2019/01/11/notable-bitcoin-critic-claims-price-likely-to-hit-5000-in-near-future/

He's right. You don't need to believe in Bitcoin to be able to read a chart and see the potential profits of trading it. I also tend to agree that $5,000 or so is a reasonable target. With the long term MAs now descending below the previous $6K support, that's a likely reversal area. We might see $5,200-$5,400 if we're lucky.