Price analysis for the coming week (06/08/17-13/08/17)
Bitcoin
- Things looking bullish for Bitcoin.
- BCH money still flowing in
- Scaling issues soon to be resolved.
- Up 5-10%
Bitcoin Cash
- The sell off still continues.
- Expect more BCH to come to the market this week.
- Mining is still too hard to be profitable.
- Long term future unknown.
- Down 20-50%
Litecoin
- Steady as she goes for Litecoin.
- Will see a moderate gain on the back of BTC gains.
- Up 2-5%
Extra note: On the way down BTC will be oversold, if you can pick the bottom with any accuracy their will be some very easy money to be made, I personally don't think we will see the bottom until mining becomes profitable. I don't think this will happen this week.
As usual please feel free to comment below! Have a profitable week!
- WetWipe
Results Sun 13/08
Bitcoin $4000 - Called this one a bit short.
Bitcoin Cash $310 - Well off on this one! BTW my long term prediction for BCH is around 0.25 BTC
Litecoin - $47.33 - Called this one spot on!