Dead cat bounce?
Bitcoin has fallen $490 today, are we going to see a bounce? Will it be a dead cat bounce only to go back into the $3000's. Well whatever happens I think there is general consensus that we should hit $5000 pretty soon. Hold on for the ride!
upvoted and followed you,if you like technology,please follow me!!
I see many reports that a fall to 2600 is coming them a major climb, but who knows for sure. I am now following you for your input
It's so difficult to predict, there haven't been precedents set for very long. There are tons of new bitcoin buyers hitting the market right now so I personally don't think it will go as low as $2600. But who knows, it is possible.
Here is an interesting article , what do you think? https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html?recirc=taboolainternal
Well Goldman Sachs wrote this article on the 3rd July. https://www.cryptocoinsnews.com/bitcoin-hit-near-4000-goldman-sachs-chief-analyst/
12 days later Bitcoin was $1810, almost exactly what they said it would drop it. Now we are at levels they said it would rise too. So looks like they are getting their predictions spot on at the moment. They might not be right again but one would be silly not to take it their view into account and be prepared if it does happen.
they said a small drop to 3900, so I bought some today at that price
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