Mazda3 Posted March 19, 2018 #1 Posted March 19, 2018 According to the bitcoin price schedule published by Bloomberg, the 50-day moving average is approaching the 200-day moving average. If he touches the latter, or, worse, crosses it, the price of bitcoin will drop significantly. Given these trends and comparing them with the situation in 2013, Paul Day, a technical analysis specialist from Market Securities Dubai Ltd. said that the price of bitcoin would eventually drop to $ 2,800. 2013 is considered one of the worst years in the history of BTC. First, in April this year, the price fell from 233 to 67 dollars in April, which is a 71% drop, which occurred in less than 12 hours. Within two months after that, the price remained extremely unstable. November 30, 2013, the price of bitcoin set a new record at the level of 1.126 US dollars, but within 24 hours the price fell by 19%, but only in order to December 5, 2013, set a new record in the area of 1.155 US dollars. After the price fell by 41% and rose again by 47%, before falling to $ 503 on December 19, 2013. All this led to the fact that the price took more than three years to again overcome the barrier of a thousand dollars. Day is not the only analyst who predicts a low price for bitcoins in the future. With him agrees Robert Slammer, technical strategist at Globalstrith Fundstrat Global Advisors, and many other technical analysts
xtinepink Posted March 19, 2018 #2 Posted March 19, 2018 Let’s see. Although imo it, if ever it will go down, I bet will be at $5000. But ofc we do not want that. We like btc to hit the sky and not hell
wtffedya7 Posted March 19, 2018 #3 Posted March 19, 2018 Or it can fall even more, return to its original state, why not?
Mazda3 Posted March 19, 2018 Author #4 Posted March 19, 2018 I also want to believe that it will not fall so low, but unfortunately we have no influence on its price
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