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RE: Bitcoin Price Forecast 1/25/2018
I have a feeling that we'll be sticking around at 11k for a while. Ironically I was shocked at how long we stayed at 14k and here we are. 8k is definitely possible if we look downward.
If we are looking at EW patterns then we could definitely be on wave C which would mean a further downtrend is coming. I honestly don't believe that we will see $8K BTC like everyone has been saying... If the price is going to fall to that level it would be from manipulation in order to take advantage of short contracts. That is PRECISELY what happened a week ago and BTC closed at $10.5K as a result- many people shorting BTC lost everything because of blind greed.