08.24.19
Current price: $10,162
Prediction: huge correction within 48 hours (8K range)
Ive been into BTC since 2014, and I am NOT a trader. I can read the charts somewhat. Every analyst is pointing out right now that there is a descending wedge, coiling price, and dropping volume. They are also claiming a symmetrical triangle. A lot of them are expecting a break to the upside because we are technically in a bull market.
I firmly disagree. The sentiment right now is a little negative. After this huge run up I expect a break down to like 8K or lower.
I could be wrong, I hope Im wrong. And Im not willing to sell any bitcoin and take a chance.
But I think Im right! (Lets see if this ages well?)
To tell you the truth It would be satisfying to see Bitcoin price dropping, but not altcoins moving at the same downwards trend.
I want to see funds moving from bitcoin to altcoins because there is a huge difference in their prices right now.