[ Bitcoin ] Two Top Technical Analyst predict sub $5000 Bitcoin price very soon
I have watched 2 videos yesterday on the future price on Bitcoin and would like to share it with you.
The 2 gurus are The Chart Guys and Tone Vays. They are technical analysts, so they look at the bitcoin chart to make predictions. I believe the price is 80% human behaviours and 20% fundamentals. So that is why I like listing to these guys.
The bitcoin price had a huge increase in 2017. From about $965 in Jan to $7783 last week. That is a great run and I think the price is running out of steam, for now. So I think they are currect, but it is interesting to see why they think $4700 to $5000 is the next support. But if this level breaks, we will see even lower prices for Bitcoin.
But don’t listen to me, watch below. 😊
Here is the view from The Chart Guys:
.Here is the view from Tone Vays:
.Do you think we have lower to go before the next up trend?
Please comment below with your thoughts. I upvote all comments.
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Regards
Colin Brazendale
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oh i think you are putting your eyes on chart, good
Honestly there's been so much fud the forks the china fud the bitcoin cash taking over bitcoin fud. I don't know what else could be next. I think we'll see a bull market soon to be honest.
I am also sick of all this politics in Bitcoin and is not helping the price. But to get sense of the next direction for the Bitcoin price I turn to technical analysis for short term direction. Long term Bitcoin will go way up.
Me too thanks for this great post!
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Nice, you got a 80.0% @elizabeth302 upgoat, thanks to @colinbrazendale
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Nice blog and i like nice tip in between your blog. Keep it up.
Good points in this article.
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I thought I lost my chance the other night, was about to go all in at 5700, but held out for the 4900 everyone kept talking about and missed it.
We'll see how it goes I guess.