Are we looking at Bitcoin down to $5K? - page 7.

cryptomarketyourself

jr. member

Activity: 50

Merit: 2

Quote from: harizen on October 11, 2019, 11:09:12 AM

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

Now we're all fearing a 5K resistance level. Thoughts?

Who's this "all"? Don't include me to that as I never think of that and that drop to $8,000 isn't really alarming at all.

Although anything can happen, even going back to $1 at 0.00000001%, there are lots of price support levels that need to be break before concluding that we might see a $5,000 resistance level soon. Aside from that, if the price goes back to $5,000 level, then take that as an opportunity to acquire more to your precious stash.

This thread is more appropriate here to discuss: https://bitcointalk.org/index.php?board=57.0

P.S Is that your article? I can't read the whole article content as it needs to be a pro account to view it. I checked the pro account and it's a paid subscription. Gathering users there?

Eh, no. Wtf it's a five dollar membership why would I be in here promoting that thing how much would I be making?? lol

A $3000 drop from 8K to 5K is very much possible. We've seen worse things happen before.

cryptomarketyourself

jr. member

Activity: 50

Merit: 2

Quote from: ?? on ??

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!

rdluffy

legendary

Activity: 2450

Merit: 1472

Quote from: target on October 11, 2019, 10:58:41 AM

Quote from: ?? on ??

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.

I checked the article, they did give a statement but didn't backed it up with the chart analysis. This is sort of a clickbait executed poorly. The price could go dip of course there is the possibility since this is the time where small time and big traders are re-accumulating what was dumped two years ago. If the support at $7K will break, the price to dip at $5k or even below it is possible. I doubt it will happen soon, you will have to wait for weeks to see signs.

Yes I agree, websites and analysts, "experts", have to publish articles, and sometimes (a lot) they have to create something that is not real. I don't see strong evidences that we can reach 5k level this year
Of course we can reach 1k, 20k, 50k...but they don't have any real conclusion and I disagree with this price, I believe in a sideway market, where we'll end the year at 8 to 10k level, we are in this range for some time

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

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

Now we're all fearing a 5K resistance level. Thoughts?

Who's this "all"? Don't include me to that as I never think of that and that drop to $8,000 isn't really alarming at all.

Although anything can happen, even going back to $1 at 0.00000001%, there are lots of price support levels that need to be break before concluding that we might see a $5,000 resistance level soon. Aside from that, if the price goes back to $5,000 level, then take that as an opportunity to acquire more to your precious stash.

This thread is more appropriate here to discuss: https://bitcointalk.org/index.php?board=57.0

P.S Is that your article? I can't read the whole article content as it needs to be a pro account to view it. I checked the pro account and it's a paid subscription. Gathering users there?

target

legendary

Activity: 2282

Merit: 1041

Quote from: ?? on ??

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.

I checked the article, they did give a statement but didn't backed it up with the chart analysis. This is sort of a clickbait executed poorly. The price could go dip of course there is the possibility since this is the time where small time and big traders are re-accumulating what was dumped two years ago. If the support at $7K will break, the price to dip at $5k or even below it is possible. I doubt it will happen soon, you will have to wait for weeks to see signs.

DoublerHunter

hero member

Activity: 2590

Merit: 644

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

^^^ 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."

^ There are too many factors that can affect the Bitcoin price and the reason for struggling to pump up and now it remains on $8k plus dollar range. Some are believing in playing whales and some are just because of the effect of after launching BAKKT. The fact is an unknown reason why Bitcoin goes up and down. But I am sure that it will not go down it the price of $8k or $7k range. Nevertheless, remember that usually when the end quarter of the year will end, the price goes up and I also believe in the next halving will come. So, it is impossible to go down beyond 5k dollars.

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

LOL
I do not care about the price. Ups and downs whatever it is - if the move is very significant then you can always take leverage from it. If the price is down too much then buy! Do the opposite when it's up.

So let it be at $5k LOL

By the way, in a serious note : I think this time is over. We are looking at five figure again.

mindrust

legendary

Activity: 3276

Merit: 2442

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.

timcook

newbie

Activity: 30

Merit: 0

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."

cryptomarketyourself

jr. member

Activity: 50

Merit: 2

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."

Topic: Are we looking at Bitcoin down to $5K? - page 7. (Read 1037 times)