Quote from: 1Referee on April 25, 2019, 09:53:57 AM

Quote from: figmentofmyass on April 25, 2019, 08:51:54 AM

i'm pretty confident we'll see much lower prices (low $4ks or high $3ks at least) over the next couple months.

That sounds good to me.

The only thing that makes me somewhat question a strong downward movement is that Tether printed another 300 million units yesterday, which doesn't happen for nothing. They'll either be used to short the crap out of Bitcoin, or buy up whatever sellers will be dumping in their buy orders. In less than a month 800 million units were created, that's some crazy shit.

A retest of the 200wma $3600-$3700 isn't out of the question and would also be a healthy move. Back in 2015 we also found support at that moving average, and that more than once.

Initially, I usually box everyone that predict the downfall of the value of bitcoin to $3k trend, but it came to a point where I see it as what will really be an opportunity for me, then I begging to think that the $3k value might be the major breakout point we have been waiting for, because I can vow that the FOMO around that value will be too much that the price of bitcoin will rapidly grow to $10,000 from the number of buys then.

It is just a sad thing that it isnt going to happen again, there is nothing I have seen or will see that will ever force the price of bitcoin down again, so let us not be deceived by our predictions, bitcoin is already on the lane to the moon and very soon, the run will happen fast.