Topic: Are we looking at Bitcoin down to $5K? - page 2. (Read 1011 times)
I think now the price of bitcoin is very difficult to be able to fall back to the price of $ 5k again because I feel it will approach halving day so the price of bitcoin will not easily fall, demand will definitely increase because many will not want to miss the opportunity to buy bitcoin at prices which is currently still cheap.
I don't see any problem if bitcoin will go down again at $5k, investors can take this as their advantage, there are always possibilities that bitcoin will go down again before the end of the year, just like always happens every end of the year. LOL. Once that holidays seasons are coming bitcoin price always drop, maybe it is because a lot of bitcoin users are withdrawing or selling their coins.
Bitcoin touch the price before to $5k but this time we cannot tell if this will hit to that price. Since these days it varies from 7900-8200$. A lot of reason these down and uptrend for bitcoin but let’s observe what’s ahead to achieve on bitcoin price this year. Well, indeed that's the usual case when the season comes people are cashing out. 
I don't see any problem if bitcoin will go down again at $5k, investors can take this as their advantage, there are always possibilities that bitcoin will go down again before the end of the year, just like always happens every end of the year. LOL. Once that holidays seasons are coming bitcoin price always drop, maybe it is because a lot of bitcoin users are withdrawing or selling their coins.
I am used to see the price turning ups and down so I wont be surprise if the value will go down to $5k. However I dont think it will happen (though anything is possible as the market is high volatile) because some of us are just waiting for an opportunity to see the price declining to affordable price.
No one knows whats ahead for the future of bitcoin but im certain that many crypto enthusiasts are waiting to buy in dip price so as long as there's a demand the value cant go lower.
No one knows whats ahead for the future of bitcoin but im certain that many crypto enthusiasts are waiting to buy in dip price so as long as there's a demand the value cant go lower.
Anything is possible but there are far too many people waiting for cheap bitcoins. And I don't see it going that low while there are that many people waiting to buy those coins. Whenever btc makes a nosedive, people are going to get in line and fill those order books.
This is actually one big factor why Bitcoin may not go as low as $5000 as there are people just waiting on the sideline for the dip making this thing like a leverage or insurance for the coin. Right now, there is that good sentiment that by 2020 a bull run can happen that's why Bitcoin holders and traders are not dropping Bitcoin anytime. Of course, anything can happen with this volatile market so my prediction can be as good as anybody else's. Let's just wait for the real score to happen.
That will be a huge downfall which i doubt ever happening especially with the news of bitcoin halving just around the corner. It's possible to see the levels of $7k-$8k but i doubt we would ever sink below this range to over $5k. This is the best of times to get friendly with the use of stable currencies lol.
Yes going below $5k at this particular moment seems unreal as it might fluctuate between $7,500 and $8,500 as of now but sudden dump from the whales might lead to downfall and we could approach $5k but let's keep the negative vibes aside as you said we have stable coin to bank on in case of any debacle.
That will be a huge downfall which i doubt ever happening especially with the news of bitcoin halving just around the corner. It's possible to see the levels of $7k-$8k but i doubt we would ever sink below this range to over $5k. This is the best of times to get friendly with the use of stable currencies lol.
Two weeks ago everything seemed like we were on a bullish trend towards a 12K mark. Now we're all fearing a 5K resistance level. Thoughts?
In June most thought we will see new ATH in few months time. That is how it is. Bitcoin goes from FUD to hype and back in a day.
It all goes in circle, thats how the market works. FUD and Hype are additional elements to predict and speculate the future price, as it will influence the decisions of the traders and investors.
I was even one of those who hope to see a new ATH when Bitcoin starts to rally back from $3,000 mark.
Bitcoin looks to be doing better than expected. Every expects it to go down like crazy before a big upwards movement starts and everyone talks about how bitcoin should be dropping to $5k but we are still going strong, sure we had a little downwards movement and I am upset about it and hope that we will go back up soon but that doesn't mean that bitcoin is down and gone, its still doing quite well and I am pretty sure it will do even better in few weeks.
I am waiting for November already, usually those are the times people start to make their big investments, November and December, if November goes bad then it will be a bad year for us until halving time, if it happens to be good we are going to have a huge bull year in 2020 for sure. Gonna wait another 5 weeks to figure out which one it will be.
I am waiting for November already, usually those are the times people start to make their big investments, November and December, if November goes bad then it will be a bad year for us until halving time, if it happens to be good we are going to have a huge bull year in 2020 for sure. Gonna wait another 5 weeks to figure out which one it will be.
Two weeks ago everything seemed like we were on a bullish trend towards a 12K mark. Now we're all fearing a 5K resistance level. Thoughts?
In June most thought we will see new ATH in few months time. That is how it is. Bitcoin goes from FUD to hype and back in a day.
Bitcoin forking and the existential threat from bcash was the last absolute big event that should have crashed us. Yet it was the opener to 20k.
Maybe a big bad wolf event is just what we need!
Maybe a big bad wolf event is just what we need!
There's an alternate narrative for that event. The forking event was not Bcash, but Segwit. The market was in extreme uncertainty in June-July 2017. That's when we crashed from $3,000 to the $1,700s, nearly a 42% drop, similar magnitude to now.
Once miners began signalling for BIP 91 the market rebounded hard and once Segwit activated, the market exploded. Markets hate uncertainty and they love to see it resolved. The Bcash fork was then viewed by the market as a dividend for Bitcoin holders, setting off the Bitcoin fork trend, making everyone want to hold BTC.
I agree though, a bad news event (particularly one where the selloff fails to follow through) might be perfect for springing us back into a bull market. Something like the Bitfinex hack in August 2016 or he Silk Road bust in October 2013.
The 7.9k barrier has been holding very well for us, I doubt we will go back down to 5k anytime soon, I even doubt we will reach 5k ever again. It looks like we have hit the rock bottom for us nowadays and we will definitely go up, I can't guarantee anything other than I have put all my money into bitcoin right now, that is as far as anyone can go for bitcoin.
$5,000 is way too deep from where we are right now, I strongly believe that (I hope Im not wrong). Around $7,000 probably is the bottom and youre right, were still doing fine at $7,900 from the last 48hrs. As you can see, a lot of hodlers and momentum trades thinks its good to accumulate more Bitcoin in this figure. So, most probably the $7,900 support level still holds tight.
Even i do not see any major downfall in the market unless and until there is some terrible issue that could affect the entire market, the global financial market is also not that great and we might see a global meltdown in the near future as predicted by some of the financial experts and if that happens it will impact the entire financial market and even the bitcoin market.
What could be more terrible than the major headlines of the year so far? And if you're struggling to think of any, that's because, other than price updates, there actually hasn't been any significant event... Yet price has gone from 3k, to 12k to now 8k. All without any big event. Bakkt failure? How shocking (not).
Bitcoin forking and the existential threat from bcash was the last absolute big event that should have crashed us. Yet it was the opener to 20k.
Maybe a big bad wolf event is just what we need!
The 7.9k barrier has been holding very well for us, I doubt we will go back down to 5k anytime soon, I even doubt we will reach 5k ever again. It looks like we have hit the rock bottom for us nowadays and we will definitely go up, I can't guarantee anything other than I have put all my money into bitcoin right now, that is as far as anyone can go for bitcoin.
$5,000 is way too deep from where we are right now, I strongly believe that (I hope Im not wrong). Around $7,000 probably is the bottom and youre right, were still doing fine at $7,900 from the last 48hrs. As you can see, a lot of hodlers and momentum trades thinks its good to accumulate more Bitcoin in this figure. So, most probably the $7,900 support level still holds tight.
The 7.9k barrier has been holding very well for us, I doubt we will go back down to 5k anytime soon, I even doubt we will reach 5k ever again. It looks like we have hit the rock bottom for us nowadays and we will definitely go up, I can't guarantee anything other than I have put all my money into bitcoin right now, that is as far as anyone can go for bitcoin.
If you are all in that means you trust the price to go up and I did went all in. I don't think it will go to 20k like some people claim anytime soon neither but if you ask me instead of going down 3.3 thousand dollars it is more likely that we will go up 1.7 thousand dollars, that seems more logical right now. Next few weeks will be the decisive ones, if we move under 8k then anything could happen but if we move above 9k then 10k is quite possible.
If you are all in that means you trust the price to go up and I did went all in. I don't think it will go to 20k like some people claim anytime soon neither but if you ask me instead of going down 3.3 thousand dollars it is more likely that we will go up 1.7 thousand dollars, that seems more logical right now. Next few weeks will be the decisive ones, if we move under 8k then anything could happen but if we move above 9k then 10k is quite possible.
I will not be surprised if bitcoin goes under 6K USD or furthermore! Because this dump will stay for a limited time. Whoever will get panic and sell they will regret for sure. Converting into DAI would be great instead of selling at this moment! I hope we will see a bull run between February to March in 2020! Before that, a bear dun also will come.
Just take a breath...
It isn't surprising if Bitcoin's price may go down deeper and reaches $5k or $3k again...The market volatility still unbreakable and any changes may happen is not a thing to worried about and not actually a thing that could lose our hopes. But seeing the market today, I don't think that it will take more dips until we end up this year.
unfortunately, the bitcoin trend is downtrend bro. so it is tend to more dip and dipper until end of this yearIt isn't surprising if Bitcoin's price may go down deeper and reaches $5k or $3k again...The market volatility still unbreakable and any changes may happen is not a thing to worried about and not actually a thing that could lose our hopes. But seeing the market today, I don't think that it will take more dips until we end up this year.
many people hope on BAAKT las month but it is so dissapointed for us, it just has low volume even lower than CME
that's one of the reason why the price goes down and down
then the BAAKT launching had only small volume, after that bitcoin price was down
yeah the next big thing will be halving, we hope much in that event. but in 2 previous halving, we know that's not fast growing. still need much time to reach new ATH
Bitcoin might not fall to $5000 but $7500 and $6000 are my own targets. From May till date, Bitcoin has gained over 300%, what is happening now should not be a surprise.
Just take a breath...
It isn't surprising if Bitcoin's price may go down deeper and reaches $5k or $3k again...The market volatility still unbreakable and any changes may happen is not a thing to worried about and not actually a thing that could lose our hopes. But seeing the market today, I don't think that it will take more dips until we end up this year.
unfortunately, the bitcoin trend is downtrend bro. so it is tend to more dip and dipper until end of this yearIt isn't surprising if Bitcoin's price may go down deeper and reaches $5k or $3k again...The market volatility still unbreakable and any changes may happen is not a thing to worried about and not actually a thing that could lose our hopes. But seeing the market today, I don't think that it will take more dips until we end up this year.
many people hope on BAAKT las month but it is so dissapointed for us, it just has low volume even lower than CME
that's one of the reason why the price goes down and down
I would expect 7400 or something of that sort but not 5000. We are in a strong long term uptrend with a current bottom around 7000 dollars. Also we are in an expanding wedge formation that clearly shows that between the fall in the end of September and now we made higher highs and some higher lows.
I expect us to stay above 7000 and push upwards by the end of this year probably in the beginning of December. They say trend is your friend and bitcoin has been in the same trend for the last 10 years.
I expect us to stay above 7000 and push upwards by the end of this year probably in the beginning of December. They say trend is your friend and bitcoin has been in the same trend for the last 10 years.
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