Post
Topic
Board Speculation
Re: Seems to me Bitcoin is getting over the bear sh*t
by
Coin-1
on 31/01/2019, 20:31:08 UTC
-So called Technical Analysts also started drawing bearish charts and I've seen some of them redrawing today

In my opinion, technical analysis is almost useless for forecasting prices on crypto exchange markets, so do not pay attention to the charts that it draws.


the reason why market is not responding to the FUDs is mainly because the price is over dumped. it may not look like it now but bitcoin value at this point is a lot higher than $3500 which is why it is becoming increasingly difficult to dump it any more.

Recently Bitcoin has already dropped to $3150. If we assume that this value is a strong support level, BTC could go down by another $300. There is still no significant positive news for a bull run.

Don't worry. Bitcoin will struggle.