Topic: Are we looking at Bitcoin down to $5K? - page 6. (Read 1037 times)
We didn't broke below 7500 and instead, we broke out 8500$ with a high volume. I think we will be here for more, this period seems like an accumulation period. So, this is probably not going to 5000$ currently. On the other hand, with fundamental analysis, we will have another important halving in the near future. This will create a buying power and therefore we won't be going down to 5000$.
At this point anything can happen, bitcoins price can fall even beyond $5k if the resistance can't handle it. Really bitcoin is unpredictable so we can expect even $3k is really possible at this point and going to $15k again is very possible you know how volatile bitcoin is right.
That is very possible because in this situation I also believe prices will fall lower, because so far the decline is stronger than the increase so it is not surprising when the recovery does not last for at least a few days. But if the situation can turn positive maybe 7k is the lowest value but this condition will not allow it and the market will crash badly.
Here everyone thinks that he will fall, on the contrary, I think this is a ploy. My forecast is he will go beyond 9000$
Well there are some "experts" saying that Bitcoin could go down to $6000 or shoot up to $10000. Which means that anything can happen. 
. Personally though, I just grow tired of this predictions that I would just rather hold my Bitcoin and see how the market will perform in the long run. People are just putting too much pressures on themselves if they keep on looking at the charts and says this and that, LOL.
. Personally though, I just grow tired of this predictions that I would just rather hold my Bitcoin and see how the market will perform in the long run. People are just putting too much pressures on themselves if they keep on looking at the charts and says this and that, LOL. 
The entire Bitcoin market ecosystem is full of huge possibilities and it is very likely that Bitcoin might drop to $5k but there is also a possibility that it might also hit $10k before October comes to an end. We just have to watch the market and invest strategically.
Indeed but if we look at fundamentals, it is quite impossible for Bitcoin to go back to $5k this month. the set back caused by the rejection of ETF is not enough to pull Bitcoin price to that level unless something big negative news happen in the market like Satoshi being discovered and arrested . Also, I read that the least possible price would be around $6k according to chart pattern and that was 3 or 4 days ago, but the chart pattern changes since Bitcoin break the $8500 resistance the other day (it is already Oct. 12 here).
The entire Bitcoin market ecosystem is full of huge possibilities and it is very likely that Bitcoin might drop to $5k but there is also a possibility that it might also hit $10k before October comes to an end. We just have to watch the market and invest strategically.
Bitcoin for $5k and I really don't care. If I get BTC at $5k I can buy more BTC and increase my Holdings . Because I believe in BTC that one day BTC will be use all over the world and That time bitcoin price will go .....? And everything is possible in crypto. If BTC go down under $3k I wouldn't be surprised.
When the price of bitcoin can reach $14000 all of the sudden from $5000 in a much shorter time period, there is also possibility for bitcoin to fall to $5000 in no time. As the price fall below $8000 there is more predictions of bitcoin reaching low. To the expectation there happened upward price move. This has made the price touch $8600.
There are people who are looking for $5000, and this is an expectation based on the upcoming halving which is scheduled for the year 2020. During previous halving the price fell and once again got pumped close to the days of halving.
There are people who are looking for $5000, and this is an expectation based on the upcoming halving which is scheduled for the year 2020. During previous halving the price fell and once again got pumped close to the days of halving.
No I will never expect such value for the bitcoin.
When there is bitcoin goes to 10k USD or even more it all be helpful for the investors and holdersczn make some decent money with it. But there is very less opportunity only in coming days
When there is bitcoin goes to 10k USD or even more it all be helpful for the investors and holdersczn make some decent money with it. But there is very less opportunity only in coming days
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."
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."
$5000 BTC is way to low, I do not think that Bitcoin will fall to that category yet. We have a good resistance from $8k and $7k so Bitcoin falling to $5k even $6k has a small chance to happen. some of the analyst even stated that there is a good chance that Bitcoin may reach $9k this month. As far as I can see, $7k would be the lowest Bitcoin can fall this month.
From my personal observations, the price of Bitcoin is not gonna drop down to $5k anymore. The lowest price it is likely to drop down to is $7k. The rise and fall of Bitcoin is not anything new to a lot of people in the crypto space. The decentralized nature of the entire Bitcoin blockchain network is the major contribute to its price fluctuations.
I hope bitcoin will not reach less than 8k$, 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.
I thought bitcoin in 2019 is similar to 2017's bull run.
Fundamentally, I would say I'm bullish at the moment, but when I argue with the TA, we are still under the 200 EMA and this is clearly bearish and as longer we stay under it as higher is the chance to drop much deeper. But the market is still manipulated and you can never know what will happen. I'm as a BTC bull would be happy if I get the chance to buy BTC again at 5k, consequently I see long term much more value than 5k.
So far, the market is still very much fragile, it can move to either direction. For now, with Bitcoin holding above the $8,000 region is pretty solid. There are also a couple of support on the way down, so even if it starts going down it won't easily get to $5k. It has to be a gradual process. Am bullish on Bitcoin for end of the year.
Well, the price gets drastically affected by the events worldwide so any outcome means a price change. That's how trading and speculation works, but I don't really follow the speculations anymore. There are too many out there, and whoever gets the right prediction in the end is followed by many... until they mess up. I'd rather follow my own intuition.
Although the article said that the price of Bitcoin could decrease to $ 5k by the end of this year, But I am pessimistic that it will happen. I still confident that the price of Bitcoin can reach $15k at the end of this year. The Bearish trend is starting to end slowly but not completely gone, the little Bearish trend still exists today.
If we look at 2017, september was rough and christmas was heaven. Hopefully you're right!
Although the article said that the price of Bitcoin could decrease to $ 5k by the end of this year, But I am pessimistic that it will happen. I still confident that the price of Bitcoin can reach $15k at the end of this year. The Bearish trend is starting to end slowly but not completely gone, the little Bearish trend still exists today.
If we look at 2017, september was rough and christmas was heaven. Hopefully you're right!
But unfortunately each year presents a different scenario, honestly, I have no idea what kind of scenario that we are going to see, is it the 2017 or the 2018 or we will have a new one this 2019, such exciting scenario each one of us has their own version of what will happen before the end year, and right now we don't have a hint or even a confirmation, everything is hanging.
On the macro timeframes we're still generally bullish. My opinion is that we won't go below the $7000 mark this year, simply because I'm expecting a significant bounce from the 21 EMA and 10 SMA on the monthly timeframe while there are only 2 months left of this year.. On the weekly we're consolidating and on the daily we're looking kind drippy. I'd expect another leg down before the reversal back to bullish and probably to new all-time-heights.
I clicked on the article, but then the page told me "Hold on! This is for Crypto Trader Pros Only!", which irritated me. Are those who commented on the article actually subscribed/registered there, or do the warning and limitation randomly strike some visitors but not all of them? Or did you actually register only to read it?
Anyway, I hope that we are not heading towards $5k this time. Yes, Bitcoin is down and no, it does not seem to be moving back to $10k. However, maybe the current price is just a stabilization point where Bitcoin will stay for a while. The current price is not great, not terrible IMO. If it stays this way for a while, I am okay with that. But seeing my savings go down very significantly once again? I'd rather not.
Anyway, I hope that we are not heading towards $5k this time. Yes, Bitcoin is down and no, it does not seem to be moving back to $10k. However, maybe the current price is just a stabilization point where Bitcoin will stay for a while. The current price is not great, not terrible IMO. If it stays this way for a while, I am okay with that. But seeing my savings go down very significantly once again? I'd rather not.
Jump to: