Bitcoin will fall to $4500 - Hold on for dear life - It WILL RECOVER - HERES Why!!!

in #bitcoin • 6 years ago

I know it is getting sweaty in Bitcoin world.

Having done some technical analysis, I reckon it has fallen below the important $6400 level - which is what TAs call breaking market structure. This means that some bad times are ahead. I think the price will go down at least to $5000 if not $4500 in the next 4 - 6 weeks.

My guess is then it will (if it follows the 2014 trajectory) will rise up to $6000 and then fully bottom out in around 3-4 months. Don't know what the final lowest low will be but less than$4500.

This means that we have to wait until Winter/ Christmas for recover.

So dear friends, HODL - Its will be wild - but WE WILL GET THROUGH THIS.

Stay strong.

#cryptocurrencies #technical #analysis #price
6 years ago in #bitcoin by
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