Quote from: kryptqnick on December 07, 2018, 01:42:58 PM

Quote from: TheBlock on December 07, 2018, 08:14:58 AM

https://www.coindesk.com/when-bitcoins-price-breaks-down-it-follows-a-pattern

Says that BTC might go down less than 2k is this possible and how fast will it go up?

I also saw that the ETF decision was postponed how long time do you guys think it will take for them to conclude a decision?

This market is full of surprised and anything is possible. I was a strong believer that we won't see bitcoin below $5900 and yet here we are. I looked through the atricle but I don't really believe long-term price analysis, so I cannot say that it was convincing. Bitcoin might do down, but I hope that it won't. What I hate is that instead of providing neutral analysis of the situation, once the price drops even some of the most respectful news portals are concentrating on the negative and the potential of futher downward trend. This, in return, makes even more people break and sell their cryptos.

i dont think it will drop below 2500.
the last price is 2500 and it will go to up and up after that time.
and it will drop in one month more and begin to start climbing to 20000s again.