I could see the last prior ATH of $20K being retested, after all we came to $28K in the Summer. However I don't think we will retest the $1K ATH, if ever or for a very long time. I think if bitcoin actually went that low it would be due to some major event. For example, if Craig Wright actually was indeed satoshi and he sold all his 1.1M BTC at the market.
However I don't see that scenario happening. The $1K retest was possible maybe in 2018 and we came close to $3K. However I don't see it actually pulling back what 98.5% of its value, even the crappiest altcoins didn't go down in value that low, I don't think BTC will. Maybe $20K is possible, maybe $18K however not $1K.
Topic: I know you have all been waiting in anticipation of on update.... - page 3. (Read 481 times)
December 06, 2021, 10:36:30 PM
December 06, 2021, 10:34:15 PM
Well there's a lot of support below so it's very unpredictable if that prediction has potential to be happen in the future. @op try different time frame for sure you can obtain more idea where the price will makes correction again or will create a consolidation for long time as its happened very often especially at this situation wherein a lot of investors buying at the dip. For me to be honest we can't tell, i mean we need more results because the bearish is just starting..
December 06, 2021, 06:36:44 PM
2017 forecast - with explanation of how post-Gox played out
2020 Revised forecast - with explanation of how each ATH must retest previous before next rally can begin.
Tether BS in FT - once a purview of cryptobloggers and niche sites, the overwhelming stench of alleged Tether fraud is now mainstream news.
BTC *will* retest ~1150 - timeframe is totally unpredictable because it depends on what unfolds in Florida, COPA, Wright vs Bitcoin devs, what happens with Tether and what the SEC decides about whether a coin that has a raise on promise of profit and is pre-mined constitutes a security. ETH clearly, air dropped Bitcoin... maybe.
You love to hate it, but you can't ignore it forever.
First off my apologies for post on another thread.
internet sucks. I realized I read your post wrong and deleted my part of the post directed to you. We then cross posted.
This prediction is interesting. We both see a drop coming but your position is we hit the peak at 68 or 69 k correct?
Figures as I boasted 70k in May was certain to happen and here we are 8 months later and maybe had our cycle high according to your guess.
Well lets hope you are way off and we streak upwards soon way past 100k.
I suspect we will move in a 40-70k slot for months to come. While difficulty meanders upwards for months to come.
Time will tell.
December 06, 2021, 06:25:28 PM
bullshit i see the same pattern as this year, there is no test all the way down there
all prediction are bullshit anyway, so who care
all prediction are bullshit anyway, so who care
December 06, 2021, 02:15:58 PM
Why didn't you zoom in on the gap(s) to better explain yourself?
This is potentially one of those metrics that'll fail at some point, I think forex is said to have a lot of gaps with most of them being filled in the past.
I could imagine some whale bothering to fill that gap though at some point by listing 10000btc on a few exchanges and either making a price ceiling or market selling.
This is potentially one of those metrics that'll fail at some point, I think forex is said to have a lot of gaps with most of them being filled in the past.
I could imagine some whale bothering to fill that gap though at some point by listing 10000btc on a few exchanges and either making a price ceiling or market selling.
December 06, 2021, 08:49:07 AM
2017 forecast - with explanation of how post-Gox played out
2020 Revised forecast - with explanation of how each ATH must retest previous before next rally can begin.
Tether BS in FT - once a purview of cryptobloggers and niche sites, the overwhelming stench of alleged Tether fraud is now mainstream news.
BTC *will* retest ~1150 - timeframe is totally unpredictable because it depends on what unfolds in Florida, COPA, Wright vs Bitcoin devs, what happens with Tether and what the SEC decides about whether a coin that has a raise on promise of profit and is pre-mined constitutes a security. ETH clearly, air dropped Bitcoin... maybe.
You love to hate it, but you can't ignore it forever.
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