Bitcoin Won’t Reach $50,000 – Cryptocurrency Analyst Ran NeuNer Retracts Prediction
BTC Casino / 2nd November 2018Ran NeuNer says Bitcoin won’t end the year at $50,000. The host of the CryptoTrader show on CNBC tweeted in February 2018 that the top-ranked cryptocurrency would end 2018 on a high note but has now retracted that prediction.
How TripAdvisor Destroyed Trust in the User Review
Tuesday December 11, 2018
Image Source: tripadvisor-warning.com TripAdvisor is a true giant in the travel industry. The company was one of the few that emerged successfully from the dot-com bubble in 2001. Although it […]
The post How TripAdvisor Destroyed Trust in the User Review appeared first on BTC Casino Gambling.
Current Market Conditions
On Thursday (November 1, 2018), NeuNer posted a pinned tweet stating that BTC wouldn’t reach $50,000 by the end of 2018. This tweet was a follow-up to his previously pinned tweet on the matter where he predicted BTC finishing the year at $50,000.
How to CFD Trading British Pound Amidst the Brexit News
Wednesday January 23, 2019
Since the Brexit referendum in June 2016 GBPUSD, EURGBP and other pound sterling forex pairs have been attractive instruments for news traders, who base their strategies on political and macroeconomic […]
The post How to CFD Trading British Pound Amidst the Brexit News appeared first on BTC Casino Gambling.
For the record , I am pinning this tweet. Bitcoin will not finish 2018 at $50 000.😂 https://t.co/CAZUABJ1Hk
— Ran NeuNer (@cryptomanran) November 1, 2018
At the start of 2018, price predictions seemed all the rage and why not? BTC stormed to a new all-time high (ATH) of $19,700 in mid-December. With cryptocurrency mania at its peak, several commentators lent their voices to the expanding set of virtual currency price predictions.
Suffice to say that 2018 has seen a massive fall in digital currency prices. BTC is down by more than 60 percent from its ATH. Some other coins have even plummeted by as much as 90 percent.
Contracting Volatility
NeuNer’s retraction is symptomatic of the prevailing consensus among stakeholders that BTC won’t reach the heights of 2017. Since mid-2018, the price of the top-ranked cryptocurrency has remained relatively stable in the low to mid-$6,000 range.
Bitcoin’s volatility also continues to contract and is presently at its lowest level in two years. The emergence of positive developments like Fidelity and Bakkt failed to register a blip in the asset’s price. Seeing the prevailing trend, it is perhaps unsurprising to see people like NeuNer begin to concede that BTC won’t experience any price boom in 2018.
Hidden Message by Satoshi: The Connection between Bitcoin and Halloween
Thursday November 01, 2018
Exactly 10 years ago, on October 31st 2008, Satoshi Nakamoto published bitcoin’s white paper. Ironically enough, 10 years ago, the world experienced the biggest financial collapse in recent times. With […]
The post Hidden Message by Satoshi: The Connection between Bitcoin and Halloween appeared first on BTC Casino Gambling.
Bear Market Likely to Continue into 2019
Recently, BitMEX chief Arthur Hayes declared that Bitcoin’s sideways bear market could continue into 2019. According to Hayes, the present price action might last for another 12 to 18 months.
This assertion flies in the face of his predictions earlier in the year. Like NeuNer, Hayes said BTC would reach $50,000 by the end of 2018.
It remains to be seen if others like Tom Lee, Julian Hosp, Dave Chapman, Alexis Ohanian, and Philip Nunn will follow NeuNer in changing their predictions. These commentators all gave bullish forecasts for BTC’s price ranging from $20,000 all the way up to $100,000.
Will other permabulls who predicted a new Bitcoin ATH before the end of 2018 follow NeuNer in retracting their bullish predictions? Let us know your thoughts in the comment section below.
Images courtesy of Twitter/@cryptomanran, Shutterstock, and Coinmarketcap.
The post Bitcoin Won’t Reach $50,000 – Cryptocurrency Analyst Ran NeuNer Retracts Prediction appeared first on Live Bitcoin News.
