Post
Topic
Board Speculation
Re: How far bitcoin will it go this time and why?
by
ausbit
on 09/05/2019, 06:53:22 UTC
there is no way to predict the next ATH as it was impossible to predict $20k to be the previous ATH even when we were heading there. and based on my experience whenever people fixate on some price ($50k for example) it means the ATH is going to be a lot higher than that.

but the price by the end of this year is more predictable although still hard. i say somewhere around $10k is reasonable because the real resistances are near there and everything else below that mark is just the temporary panic sell resistance which only helps the whale accumulators.
And we still also have difficulty predicting where this price increase will end. prices can continue to rise, but prices can stop and fall if too many people sell their assets. as long as halving and many positive news have not come yet, then all possibilities can happen. but of course I hope the price can continue to break up to $10k
That is why I have stopped predicting and tired of all this prediction, we all have one common goal for our investment, to reap it when the price of bitcoin has reach its ATH which should be above the last figure it touched during the last bull, and for it to get to that, there will be so much turbulence on the way that will make it difficult to predict the exact time.

So instead on using my time to keep predicting or listening to prediction, I wait for the market to speak for itself and the media to ring big bell of bull run entrance. Till then, I focus on other things like trading, bounties and airdrops.