Some make good calls but they all fade away in the end. I don't expect this one to be any different.
It won't be, since chart watching is delusional junk science at best. Doubtful that bitcoin is going to be at $29,000 by February even though I would like it to be. That's the difference, in that I'm a realist whereas tech analysts are hopeful emotionalists and equate past performance with the ability to see the future.
Lol and i doubt if the people who are saying they believe bitcoin will move towards 16k would even place their money on btc.
If they really believed that they would back up the truck and buy as much bitcoin as they could. The only problem is that nobody in the world knows when its going to happen, and the 'when' is key. I think bitcoin will get back to that level, but I don't have enough investment capital to risk waiting for it to come around. It could be months, it could be years, it could be never. There are also some who just talk out of their asses making wild predictions because they own a little bitcoin and want to pump it, but they don't have the courage of their convictions. That's true all over the internet and certainly on BCT.