Are we looking at Bitcoin down to $5K? - page 4.

iv4n

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Quote from: traderethereum on October 16, 2019, 08:12:35 AM

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!

Naida_BR

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Quote from: cryptomarketyourself on October 11, 2019, 10:17:13 AM

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?

https://cryptotradernews.com/crypto-trader-pro/will-bitcoin-fall-to-5k-by-end-of-2019/

^^^ good insights on why btc could go up and down.

"Experts believe that Bitcoin’s performance will improve as the US-China trade war intensifies or a no-deal Brexit comes closer."

I don't think that we are in an upward trend a week ago.
The market seems that they have lost the confidence of investors. It would be more an option to drop down below 5k as we are in a stagnant situation all those months.

exstasie

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If there will be another attempt at breaking down $7,700 and beyond it's probably going to be soon. Yesterday's daily candle printed a proper downward range expansion:

On the other hand, time is running out on the weekly downtrend and none of these selloffs are materializing. So we could be forming a major bottom. If this range expansion fails and bulls take it back above $8,400 or so, there will be a daily buy signal.

Very interesting spot to be in!

traderethereum

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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.

danherbias07

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Too low figure for me. Last time I checked we are at 6k and never really went down that number afterwards.
It will keep on resisting at that number and might go up in no time in just a manner of time.
For now, the value is still higher than anyone is expecting it.
We are just so used with the 5 digit number for it stayed there for too long.

13k might be the next higher amount and 7k will be its lower. It cannot go down anymore. There will be no correction.

bassbity

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Quote from: DarkIT on October 15, 2019, 12:40:47 AM

Quote from: samcrypto on October 13, 2019, 07:50:02 AM

Quote from: MCDev on October 13, 2019, 12:27:37 AM

The rise and fall of bitcoin is completely normal and we are familiar with that. But I think that in the last months of 2019 Bitcoin will not drop to $ 5k, perhaps Bitcoin will fluctuate in the price of $ 8 ~ $ 10k.

We have a strong support level and bitcoin will not come back to $5k, we need to see the pump. It is normal for a hodler to see bitcoin pumping and dumping, so for those new investors don’t panic sell because you will lose money on that, look for the best future of bitcoin, $20k and beyond is still a target for bitcoin.

I also think that the price of bitcoin won't reach $ 5k. looking at the current development, I just think that the price of bitcoin will be higher. however, I don't really understand why some people still continue to predict that the price of bitcoin will reach that level, even spreading FUD to make the price of bitcoin go down. in fact, many people predict that the price of bitcoin at the end of this year can reach the level of $ 10k.

The market is quite stable there is no red sign that continues to continue, for those who spread the FUD that bitcoin will reach $ 5,000 it does not use analysis or imagination, we have to think positively and who are affected by the saying that bitcoin will soon go down, my goal is that bitcoin goes up high in there we will benefit.

d3nz

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Last few days there is a major support for $8.1 and it already bounced back and hit $8.3k now. But we don't know what will happen it a few hours or days if it will go down or up and the market is messing us, very unpredictable.

Much better to make a buy position below $8k in case it will plummet really hard just to make sure to take advantage of it and also stop-loss order in case it soared up.

okala

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In the cryptocurrencies market all things are possible. Bitcoin can get down to $5000 but we should expect it to get to $20,000 before end of January this year.

DarkIT

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Quote from: samcrypto on October 13, 2019, 07:50:02 AM

Quote from: MCDev on October 13, 2019, 12:27:37 AM

The rise and fall of bitcoin is completely normal and we are familiar with that. But I think that in the last months of 2019 Bitcoin will not drop to $ 5k, perhaps Bitcoin will fluctuate in the price of $ 8 ~ $ 10k.

We have a strong support level and bitcoin will not come back to $5k, we need to see the pump. It is normal for a hodler to see bitcoin pumping and dumping, so for those new investors don’t panic sell because you will lose money on that, look for the best future of bitcoin, $20k and beyond is still a target for bitcoin.

I also think that the price of bitcoin won't reach $ 5k. looking at the current development, I just think that the price of bitcoin will be higher. however, I don't really understand why some people still continue to predict that the price of bitcoin will reach that level, even spreading FUD to make the price of bitcoin go down. in fact, many people predict that the price of bitcoin at the end of this year can reach the level of $ 10k.

FanEagle

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Looking at how we have been waiting for a bear run for a long time and instead of going down bitcoin actually went up a little bit, I would say the 5k fear is gone for now.

It is bitcoin and we may never know when it will come back and surely I will be afraid of 5k once again if the price goes under 8k again, however for now I feel like I am more pumped about 10k+ because we were there just a month or so ago and its looking like there is no big wall or anything in our way to reach back there, so I would assume bitcoin could go above 10k easily without any hassle from any indicator neither. 5K was a real threat tho, like seriously it looked like we would be going under 5k and reach back the prices pre-April times like 3.4k-4.2k levels but now that looks gone thankfully.

djsugar

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The important support to look for is $7600. There is enough volume there but if bears go successful in breaking that we might go below $5k as that will follow Fibonacci pattern. But I doubt that is going to happen anytime soon. So far BTC is moving sideways between $8k-$8.5k. There is enough volume to sustain the price at that point.

samcrypto

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Quote from: MCDev on October 13, 2019, 12:27:37 AM

The rise and fall of bitcoin is completely normal and we are familiar with that. But I think that in the last months of 2019 Bitcoin will not drop to $ 5k, perhaps Bitcoin will fluctuate in the price of $ 8 ~ $ 10k.

We have a strong support level and bitcoin will not come back to $5k, we need to see the pump. It is normal for a hodler to see bitcoin pumping and dumping, so for those new investors don’t panic sell because you will lose money on that, look for the best future of bitcoin, $20k and beyond is still a target for bitcoin.

bitbunnny

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Quote from: djselery on October 12, 2019, 12:21:52 PM

I don't think so, the market is recovering again slowly, so BTC price is also expected to go up again during the next coming months. The actual price is a bit above $8k and it is going up, so it is hard that it will fall below $5k, in the nearest future at least.
However, it is still a good time to buy BTC, at the actual low rate, to make bigger profits soon when the price increase.

I agree that it isn't realistic to expect such big price drop although some corrections are possible.
From time to time market shows signs of recovering but still we are missing continuous growth so in fact price is moving back and forth all the time. To my opinion such situation will continue until the end of the year without some significant changes.

taiwww

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Quote from: cryptomarketyourself on October 11, 2019, 10:17:13 AM

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?

https://cryptotradernews.com/crypto-trader-pro/will-bitcoin-fall-to-5k-by-end-of-2019/

^^^ good insights on why btc could go up and down.

"Experts believe that Bitcoin’s performance will improve as the US-China trade war intensifies or a no-deal Brexit comes closer."

It is too early to crumble. Such articles keep coming, nothing can stop them. Whenever bitcoin gains or loses a bit, such articles start publishing with their shitty stats and reasoning. Stop concerning yourself with such articles and keep believing bitcoin.

The Sceptical Chymist

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Quote from: timcook on October 11, 2019, 10:25:17 AM

My favorite takeaway: "Experts believe that institutional investors were at play behind the recent price drop in Bitcoin. Moreover, the scenario may not improve any time soon. Sell-off may intensify and Bitcoin may plunge to $5,000 before Christmas."

That could happen, but I don't think it will--but I wouldn't venture to bet on it either way. Bitcoin is as unpredictable an investment as I've ever seen. However, it does appear to be stuck where it's at, just as it has been many times before. I'm hoping that when it breaks out of its range, it'll be to the upside--and either way, I don't think it's going to test $5k by the end of the year. That isn't too far away, and losing $3k in value in such a short period of time would be icky to say the least.

Anyone who's ever read my posts knows I'm not a believer in TA, so resistance levels don't have much meaning to me. I constantly see that principle being violated in the market based on threads I read on the forum, so I don't put much stock in that part of the statement.

Taskford

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Quote from: ?? on ??

i am sure that there is lot of traders are waiting for buying at level 5000 for example like you said
because of bull trap , when prices of bitcoin rise above 10000 per btc , they will wake up from this dream
every one now and by a large percentage prices will grow a lot year next year or with other better words , prices will grow next comming months

For sure it is since I think there are so many of them do a stop loss since many are been trapped when bitcoins reach for $10k, But looks like we cannot see the $5k dip since the current price is so stable and provably we can see the price soar high especially at the end of this year and on year 2020 since there is a good event will come.

CarnagexD

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The price of bitcoin are now stable at 8300$ to 8500$ and it still keep on changing. As you can the price of bitcoin already fall down at the price of 7900$ then some of the people predict that it will to continue but, later on bitcoin pump up and reach the price of 8800$+. So for me, its very hard to determine if bitcoin will really fall to 5000$ and if ever this thing happen all altcoin will also fall and it will lead to a bloody market just like what happen in the year 2018.

jaocoincrypto18

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Quote from: MCDev on October 13, 2019, 12:27:37 AM

The rise and fall of bitcoin is completely normal and we are familiar with that. But I think that in the last months of 2019 Bitcoin will not drop to $ 5k, perhaps Bitcoin will fluctuate in the price of $ 8 ~ $ 10k.

Although everything is possible specially its looks like the people interested in Bitcoin is diminishing but i'm also doubtful that Bitcoin will go down to $5,000 this year because it seems that $8,000 resistance is strong which mean many Bitcoin users are still keep on holding and still very optimistic about the Bitcoin future. Same with your speculation it will be $10,000 is my mark before this year would end.

error08

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We can talk about bitcoin going down to $5K if bitcoin at $6k but at this moment bitcoin still resists over $8300 despite the recent drop from $8600. Although there are some TA predicted bitcoin will fall to $5K or 6K by the end of the year, but the prediction still too early to put aside some factors that might cause bitcoin to be the opposite, probably going to 5 digits.

MCDev

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The rise and fall of bitcoin is completely normal and we are familiar with that. But I think that in the last months of 2019 Bitcoin will not drop to $ 5k, perhaps Bitcoin will fluctuate in the price of $ 8 ~ $ 10k.

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