Re: Supply and demand curve analysis, why Bitcoin does or does not change price.
My prediction is Bitcoin will be quiet steady for today. I expect the price might fall down a bit, do not expect any drastic movement in price to go up, because there is quite an elastic supply for 2.5k bitcoins.
Your prediction were right though and the price indeed fell second day after your prediction, but normally, I didnt need a prediction to know the price was going to fall dip because this has been happening like that when bitcoin surges. It makes it easy for me to be able to trade but I dont know how long it will keep up with this pattern because I am sure it will not always follow. This is why I sold when the price got very close to $9k and this dip was my new entry point.I believe from this dip, it should a take us close to $9800 in some weeks time before correcting again, and maybe the finally stop would be $11500 for the month of JUNE.