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?)
UPDATE 08.29.19
Ok, so I got the time frame, and direction...but it got to 9400, didnt quite get to the 8000k range.
NEXT PREDICTION: By September 5th...bitcoin will be between 8200-8600 range. I know its a big range. But thats still a huge drop from here.
(We will likely get close to 10K first. Possibly tomorrow or Saturday. May even get slightly over. But than crash down to 8200-8600 by 11:59PM sept 5)
Well, if your prediction is right, we will hear you more, but it is Almost the predicted time and we are not anywhere close to 8k unfortunately you are clearly wrong if only you can hit it overnight, I suggest you carefully repredict and add more time range.
Why? So I can be like every other analyst who makes vague predictions. Id rather predict and be wrong than be vague 100% of the time.
Bitcoin will hit 8K very soon. But not by sept 5th. I was wrong about the second prediction. See my new thread