Did Bitcoin disappoint analysts?

[Alexandoy]

If you will read the old predictions it is a mix of positive and negative. What does that mean to me? Obviously Bitcoin price is a guessing game and no one can accurately predict. If I have a crystal ball then I would become rich if I can accurately predict the future pricing of Bitcoin in the market.

 

[kayode10]

The analysts are also doing their best to determine the direction of the cryptocurrency in the market. But one thing I know is that market Force is unpredictable at times. And unforeseen circumstances can cause a sharp drive on the price movement of cryptocurrency.

 

[Aaron625]

Analysists can go wrong as well , their prediction of bitcoin going down $1000 is absolutely wrong and since then bitcoin has been just rising and now its $30k+.

 

[Giannis]

In my opinion bitcoin analyst has not disappointed as much as they will do in the future.I believe that we will have a lot more bad surprises.And that is because I strongly believe that bitcoin's price will fall to zero.

 

[Setho]

If I am going to talk about its current price action then I have to say that it surprised analysts because no one expects that it would have reached such a low.

 

[Good-Person]

There are many crypto experts and analysts who are now claiming that Bitcoin will go below $30,000 mark. I am not sure about it but it is definitely going down every week. It might be possible that Bitcoin will decrease more and the prediction of experts will come true.

 

[Chibson]

Well bitcoin is a cryptocurrency and of course it is not stable. A lot of people will have their opinions and analysis but at the end of the day it will always be moved by news and other aspects.

 

[Kelly5]

I don't think the Bitcoin disappointed analysts in any way. The price fluctuations will always be a thing to keep happening with the Bitcoin and other coins. But the analysis palys out at the end

 

[Justin]

I think bitcon disappointed the cypto analysts because when btcoin reached $64,000 they were saying that bitcoin is heading towards $100,00 but that did not happen

 

[Elfinito]

No one can easily predict the price of Bitcoin.
Bitcoin market is volatile, it changes Everytime and no one can certainly predict the price

 

[Sotherefore]

Sometimes predicting the price movement of bitcoins using the technical aspect of it may not actually be the only factors that determine how the price will go ,sometimes important news and update is also things to consider.

 

[greenie]

I think bitcoin surprised all of them. The rise in value was shocking as it was unexpected. That is how the cryptocurrency market can be. It's volatility and unpredictability is something that can't be fathomed even by the so called cryptocurrency analyst.

 

[Nat]

Yes it did. After long time analysis and calculations, it is different. In outcome, it is unpredictable. This makes it difficult to speculate easily. Takes time

 

[Imran_Noori]

When Bitcoin fall from 20000$ to 3000$ in 2018 A lot of analysts expect bitcoin to fall even under 1000$
and some of them call it as scam but now bitcoin rise again and hit 15900$ and there is big chance for BTC
to pass the last maximum value of 20000$

Analyzing Bitcoin is very difficult you won't know the next move easily, so those who are new to crypto best thing they can do is to just hold your coins and have patience.

 

[Immilash]

If you are a good analysts, I believe you can predict the rise and fall of Bitcoin, Bitcoin is a cryptocurrency but it works the same way as forex pairs.

 

[Genie01]

One of the core principles I think every analyst should incorporate in his analysis is the fact that he is not going to be right all the time and it is ok to be imperfect and still be a great analyst.

 

[tyrim88]

That's one feature of crypto that one can't deny. It's so volatile that it can go any way. As for Bitcoin, many prophets of doom gave their analysis but we're disappointed in the aftermath. Most of them are even regretting their decision now and are joining the Bitcoin movement. Remember PayPal once castigated Bitcoin.

One of the things that most persons do not really understand about the cryptocurency market is that,it is something that one cannot predict,the price can fluctuate at anytime.

 

[Agbalagbaa]

The analyst on Bitcoin are really trying their best to analyze the market, having the knowledge of analysis is not that easy I believe they are trying their best.

 

[Smiles20]

I believe that it is safe to say that a lot of people actually did not expect that we are going to be trading at this price range at this point in time but then that is the market.