True, Bitcoin is unpredictable and any scenario is possible regarding price. However I don't believe that the price will go as low as 5000$ although that number has been spoken of very often. Some further corrections are possible but until the end of the year we will not see some major changes not in positive or negative way.
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. 
Topic: Are we looking at Bitcoin down to $5K? - page 3. (Read 1011 times)
Bitcoin certainly could drop to $5000 and even lower. If and when that happens, you know something? I'll be buying more of it. It will be like a liquidation sale at that point. I don't know why a lot of bitcoiners don't see things that way.
While it's hard to predict which direction bitcoin will go but having the halving event coning in next year and the recent bitcoin price movement in calculation it seems bitcoin is doing very well in the range of $8k level. If it was to go further down then by now we would experience it. And also looking at the chart we can say that around at $7.4k we have a very strong support.So if we really want to see this price of $5k which seems not coming any time, we will need to break the support at $7.4k first. Not sure if we can though.
Actually the threat is absolutely real. My understanding of technical analysis tells that the two major MA i.e. the 50MA and 200MA act like the barometer of market telling what is the current sentiment of market. If the slower is above the faster we are into a bearish mode while if the faster is above the slower we are into a bullish mode. Generally a lot of price action takes place at the crossovers and as per my analysis of BTC/USDT chart one such crossover called the death crossover is due in two or three days which could really trigger some great bearish momentum. So unless there is some strong bullish price action in one or two days we are definitely going down to 6k Ranges.
Yep, death crosses are pretty scary and the daily chart is threatening one. Keep in mind though, there are sometimes false crosses. In September 2015 there was a death cross right before a huge rally in October. It was the beginning of a multi-year bull market, terrible time to sell!
David published a good video on this topic: 50-Day MA Crossing 200-Day MA Does NOT Necessarily Mean DEATH.
With enough determination the price can goto 5000 or any price, but we have to ask the question why does the market want to go lower and what changed from earlier in the summer. To get past many layers of volume and support between here and 5000 will take some power and force of selling, why does that exist and what is the motivation.
What tends to happen is speculation becomes over emboldened by previous moves, the price going up makes many think it will continue without question. THe price movement in either direction increasingly raises the prospect of the opposite occurring as the price becomes more attractive to either sellers or buyers. Especially if the price moves far in a short period of time its liable to rebound back.
5000 I dont think will stick as a price before 2020 and then likely it wont hold that low because of halvening approaching which many are happy to hold BTC for as the block reward is reduced.
What tends to happen is speculation becomes over emboldened by previous moves, the price going up makes many think it will continue without question. THe price movement in either direction increasingly raises the prospect of the opposite occurring as the price becomes more attractive to either sellers or buyers. Especially if the price moves far in a short period of time its liable to rebound back.
5000 I dont think will stick as a price before 2020 and then likely it wont hold that low because of halvening approaching which many are happy to hold BTC for as the block reward is reduced.
Actually the threat is absolutely real. My understanding of technical analysis tells that the two major MA i.e. the 50MA and 200MA act like the barometer of market telling what is the current sentiment of market. If the slower is above the faster we are into a bearish mode while if the faster is above the slower we are into a bullish mode. Generally a lot of price action takes place at the crossovers and as per my analysis of BTC/USDT chart one such crossover called the death crossover is due in two or three days which could really trigger some great bearish momentum. So unless there is some strong bullish price action in one or two days we are definitely going down to 6k Ranges.
I will not say btc won't go down at that level again because anything is possible in crypto with market unpredictability.
However, in the last quarter of the year, I am optimistic that we will see some good increase here so we can finally call this year a recovery year for BTC.
if the price will drop to $5,000, there's still a recovery but its' not a what we like to see as this year we've reached almost $13K already which is a good price already.
However, in the last quarter of the year, I am optimistic that we will see some good increase here so we can finally call this year a recovery year for BTC.
if the price will drop to $5,000, there's still a recovery but its' not a what we like to see as this year we've reached almost $13K already which is a good price already.
True, Bitcoin is unpredictable and any scenario is possible regarding price. However I don't believe that the price will go as low as 5000$ although that number has been spoken of very often. Some further corrections are possible but until the end of the year we will not see some major changes not in positive or negative way.
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 will not say btc won't go down at that level again because anything is possible in crypto with market unpredictability.
However, in the last quarter of the year, I am optimistic that we will see some good increase here so we can finally call this year a recovery year for BTC.
if the price will drop to $5,000, there's still a recovery but its' not a what we like to see as this year we've reached almost $13K already which is a good price already.
However, in the last quarter of the year, I am optimistic that we will see some good increase here so we can finally call this year a recovery year for BTC.
if the price will drop to $5,000, there's still a recovery but its' not a what we like to see as this year we've reached almost $13K already which is a good price already.
Speculators can speculate all they want be no one can tell if price of Bitcoin will go down further at $5,000 USD. Last year at this month, everyone is saying Bitcoin will go up to $20,000 USD but lo and behold, bull run did not happened. I will just hold on to what I have now rather than panic because someone is saying price of Bitcoin will drop. Its not helping.
You're right, there is no prohibition on speculation, and last year was a really good example of this. however, I still feel that bitcoin probably won't go down at that price. Well, different from last year, in 2018 there was a lot of information that harmed bitcoin, but this year the development is quite different. I am still speculating the price of bitcoin can exceed the price of $ 9,000.
Speculators can speculate all they want be no one can tell if price of Bitcoin will go down further at $5,000 USD. Last year at this month, everyone is saying Bitcoin will go up to $20,000 USD but lo and behold, bull run did not happened. I will just hold on to what I have now rather than panic because someone is saying price of Bitcoin will drop. Its not helping.
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.
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.
It is possible but as long as the trend doesn't go down below 7k i'm looking at 7,200 which might be the last drop for me. while 6k is still imminent for the price to drop 5k is still not in range for me unless it does a double bearish pattern that can be a continuation of a bearish. So i'd rather think about 6k first before making a new set of trend analysis.
If the price down to $5k, then it will make panicking at the market. People will not think twice about selling their bitcoin because they don't want to see another loss from bitcoin. That will be a great chance for other people who want to buy bitcoin at that price level, and they will make sure to buy a lot of bitcoin while the price is down. But I don't think that the price will get down to $5k because I think we already see the very lowest price before and that could be the last lowest price we've seen this year. But yes, everything can happen in the next month because we don't know what will happen later.
You are hero member, you are here for years, selling at bottom and buying on top is what makes your money go away. Who sold over 10k, like me for example and many others, are now waiting for good chance to get in again. If it drops to 5k I will double my amount of bitcoins! And many others.
What you talk about here is a nice explanation about what many people are doing and how they trade, it`s how they lose their money and coins. Don`t be like those people!
But since they are so numerous and they take bad decisions then it has allowed us to enjoy profits that would be unthinkable otherwise, I just hope this state remains for a long time or at least until I can get to my goals.
I hope bitcoin will not reach less than 8k$, the year 2019 is coming to an end and still, bitcoin has no sign of getting up. The market is still fragile and unstable, long term investment is sure for now.
I thought bitcoin in 2019 is similar to 2017's bull run.
We have two months to go before the ending of this year, so anything can happen. I thought bitcoin in 2019 is similar to 2017's bull run.
The market is still very unstable and has keep fluatulating but it's still the best time for any interested investors to buy.
We may not see the same price we saw in 2019 but hopfully the remaining two months will come with a price pump.
I am very optimistic also for what will happen on the remaining months of this year. I hope it will not go down any further but if it will go down, might be a good opportunity to buy some because sooner or later, I have the feeling that it will increase its value. Mass adoption in crypto is real as many more merchants and institutions are participating the blockchain revolution.
We will see a bear market rally before we get to 5000 because the further we travel from the averages the more stretched the move becomes, same thing applies to when we suddenly rise to 13,000 and people think it can go on forever.
The selling will abate without weight behind it but I'd say 6000 is the more likely area for it to ground and find resistance enough to rebound upwards.
The selling will abate without weight behind it but I'd say 6000 is the more likely area for it to ground and find resistance enough to rebound upwards.
I hope bitcoin will not reach less than 8k$, the year 2019 is coming to an end and still, bitcoin has no sign of getting up. The market is still fragile and unstable, long term investment is sure for now.
I thought bitcoin in 2019 is similar to 2017's bull run.
We have two months to go before the ending of this year, so anything can happen. I thought bitcoin in 2019 is similar to 2017's bull run.
The market is still very unstable and has keep fluatulating but it's still the best time for any interested investors to buy.
We may not see the same price we saw in 2019 but hopfully the remaining two months will come with a price pump.
I dont expect anything below $6k which we should see before the end of the year. The 6k prediction has been around since the 13k dump, by the beginning of 2020 the sentiment should change towards the halving while another pump toward 20k and break the ATH after the halving. Traders strategy now should not be on sentiment especially with its volatility, buy along any price movement
If the price down to $5k, then it will make panicking at the market. People will not think twice about selling their bitcoin because they don't want to see another loss from bitcoin. That will be a great chance for other people who want to buy bitcoin at that price level, and they will make sure to buy a lot of bitcoin while the price is down. But I don't think that the price will get down to $5k because I think we already see the very lowest price before and that could be the last lowest price we've seen this year. But yes, everything can happen in the next month because we don't know what will happen later.
If you are thinking that the lowest price will provide opportunity to many other to buy a lot of bitcoins then you should also think that if the price of bitcoin come to the lowest i.e $5k, the value of bitcoin will also decrease and nobody here want this as people are waiting for the pump. I think those people who can afford bitcoin should buy it soon because in future the price will be very high as it will not going down to $5k and if they buy bitcoin now it will bring profit for them. If the price down to $5k, then it will make panicking at the market. People will not think twice about selling their bitcoin because they don't want to see another loss from bitcoin. That will be a great chance for other people who want to buy bitcoin at that price level, and they will make sure to buy a lot of bitcoin while the price is down. But I don't think that the price will get down to $5k because I think we already see the very lowest price before and that could be the last lowest price we've seen this year. But yes, everything can happen in the next month because we don't know what will happen later.
You are hero member, you are here for years, selling at bottom and buying on top is what makes your money go away. Who sold over 10k, like me for example and many others, are now waiting for good chance to get in again. If it drops to 5k I will double my amount of bitcoins! And many others.
What you talk about here is a nice explanation about what many people are doing and how they trade, it`s how they lose their money and coins. Don`t be like those people!
That would be the dumbest idea ever if someone has to do it. Those people are weak-handed who can't control their self to extend their patience and HODL.
We should be wise to choose our option when investing Bitcoin, just take the failure of the others as a lesson to learn and never do it again.
If the price is down too much then buy! Do the opposite when it's up.
That's what I've been saying lately, both to myself and in posts I've made. If you really believe in bitcoin, that it's the king of crypto and will eventually soar then it's times like this when you should be buying, ie, when it's down. But it never fails that when bitcoin *is* down, people start talking in this doom and gloom manner and start questioning how far it can fall.Bitcoin certainly could drop to $5000 and even lower. If and when that happens, you know something? I'll be buying more of it. It will be like a liquidation sale at that point. I don't know why a lot of bitcoiners don't see things that way.
Jump to: