Bitcoin will go up to $4200 and dip to $2200, then - to the MOON
In the last 4 days we've seen many interesting things with bitcoin price. Fear began with China ICO ban, then China announced about closing all exchanges, then JP Morgan's CEO Jamie Dimon spoke on TV: "bitcoin is a fraud" and we saw how BTC price went down from $4900 to $2900 in just two weeks period from 1st Sep to 15th Sep.
Now everyone are wondering what will happen with the price and what is the future of Bitcoin. The future is bright and it will shine like a diamond, but what we gonna see in the next few weeks is very interesting. Just look how is popular to search for "bitcoin forecast":
So, we believe that Bitcoin will become our future money, but it will have to go a long long way. We saw some interesting opinions and analysis about the Bitcoin price in the next few weeks and the most interesting and argumented was from @goldbug1 analysis on tradingview.com.
If the price will go up to the $4221 in the next few days (from 18th Sep), it will have huge correction to $2200 and just then goes to the next level of $6000 or more. The opinion based just on technical analysis. It does make sense because in next few days (20th Sep) China's exchanges will start shut down process, the next related China thing will be on Sep 30th when major exchanges stops operating - it will impact btc price with some scare headlines. Before we go to the moon, we'll have to wait little bit after the rally we saw from $2900 to $4200 (18th Sep):
The BTC price is rising with low volume and it is the next danger for upcoming dip. We do believe that price will go up, but after one more dip as it was on June, July and August this year.
On Saturday, Charlie Shrem tweeted a post with interesting information: Long 43% (18,232 BTC), Short 57% (23,850 BTC)
Today we've had some sarcasm from Whale Panda, which tweeted fun stuff:
We wish you all luck, it's just opinion which is not financial advice. Everything can go opposite, without any dip, but if you think without emotions - it has to be.
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STOP$2200 Hahaha