Analyst: Bitcoin will drop to $ 1165 before Tatemono
Source:
Under the name Financial Analyst Survivalism said recently about the high probability of continuing fall . In his opinion, to bear many more «the unknown depths» — Bitcoin may fail to 1165 dollars. However, experience is not necessary, because in the end, the coin will still rise up to 10 thousand dollars.
thethe final push before cusamano
Financial Survivalism even made a bet with trader Murad Makhmudov in the amount of 0.1 BTC. The analyst argues that Bitcoin will fall below earlier Makhmudov level to 1165 dollars, and then will reach 10 $ 200. Both experts made a deal and published information about it on Twitter.
is calling for a bottom in in the $1,600 — $2,300 area. I'm calling for a return to Phase 1 of the at $1,165 & could see it spiking even lower.
I proposed a bet 0.1 & Murad accepted! Terms are $1,165 gets hit on Bitstamp before $10,200.
— Financial Survivalism (@Sawcruhteez)
This argument plays a big role, not the amount bet, that is $ 360 at the current exchange rate, and the reputation of the two analysts. It will be interesting to find out who has a more sensitive intuition in this industry.
The basis of the forecast Financial Survivalism is the theory «hiperman». In addition, the expert also had some Parallels between the previous bearish trend and the present day. We will remind, on the basis of these assumptions, cryptoanalysis for quite a long time to predict the formation of a new global minimum Bitcoin.
Here is the macro chart which I am following most closely. Has been progressing very nicely over the last couple weeks. Notice how we had a similar Adam &Eve pattern in the 2015 bear market that provided a dead cat bounce which was quickly rejected by the 200 EMA.
— Financial Survivalism (@Sawcruhteez)
But an independent developer Carl Vitullo that while Bitcoin and Ethereum prevent negative factors from the point of view of fundamental analysis. Too long time of block generation, the high volatility and bugs in smartcontract are the main constraining factors before the major investors in the crypt.
See also:
Now, perhaps, the best time to buy Bitcoin. So a Chinese billionaire Zhao Dong. In his opinion, the lack of hype around the cryptocurrency could play into the hands of today's investors.
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