Quote from: eaLiTy on Today at 11:50:37 AM

Quote from: ForMeritt on June 18, 2022, 02:51:24 PM

Veteran analyst and senior trader, Peter Brandt, has accurately predicted a drop in the price of Ether (ETH), to US$1,200, when the price was still around US$1,800.
Of course, this led his Twitter followers to glance at his predictions on the price of Bitcoin (BTC), which he sees has the potential to fall even deeper, to $13,000.

In a bear market he is making his predictions and you do not need him to understand if the current support level would not stand, the price would fall further, but it is impossible to say exactly on when that would happen but you can always speculate in context of the overall economic situation if there is a economic crisis it is possible that we would see the market going down further.

It is understandable that if everything in the economical world ends up going down (stocks, gold, houses, EVERYTHING) then it is normal to expect crypto to drop as well. However, since we are not regulated on the buying and selling part, so nobody questions if you would like to buy 1 billion dollars worth of crypto or sell it, and you do not have to answer any questions from anyone, that means we may not be straight forward.

This is why I have to say that this is the best case we could do right now and it will stay that way for a long time. At the end of the day we are going to have to learn to live with the fact that it's not going to be just go down and that's it, there will be ups and downs, hence why people are confused.