Topic: Bearish again? (Back at $5500) (Read 2436 times)
Current situation is bit changing. But yes, price of bitcoin came down again as like earlier stage. But don't get panic about the price drop of bitcoin, the price will have massive growth in the future. Till thenjust hold your coins and wait with patience the bull market will start soon. There is a possibility for this to happen by end of September 2018. Hope to see the price coming back on track soon.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
I think that for a very skyrocketing price, it will be very much later by the bounty hunters, hopefully by the end of this year the price of bitcoin will skyrocket again.We probably will see less of that skyrocketing price prices now for any coin. Of course pumps and dumps will always be there as well as recoveries and corrections but a x100 or more movement could be pretty much unlikely.
Skyrocket will come eventually.
Don't look at bitcoin as a skyrocketing charts most of the time. It won't be liked by the crowd if the charts are mostly going to that point because the scheme would be different. But the fact that it gained fame when skyrockets are usually happening and now that its slowly moving, people wanted it all of the time which is impossible if we will go through bear market.
Don't look at bitcoin as a skyrocketing charts most of the time. It won't be liked by the crowd if the charts are mostly going to that point because the scheme would be different. But the fact that it gained fame when skyrockets are usually happening and now that its slowly moving, people wanted it all of the time which is impossible if we will go through bear market.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
I think that for a very skyrocketing price, it will be very much later by the bounty hunters, hopefully by the end of this year the price of bitcoin will skyrocket again. 
On the past bitcoin market never reacted fast to any crash like this one. It went to the bottom and stayed there for months before beginning another uptrend.
That is because last year, there are a lot who FOMO and willing to throw their cash and hoping that bitcoin will recover, which already did and when CBoE and CME comes in the sudden rushed become panic buying as it push the price to almost $20K a pop.
However, this year, investors are very intelligent, perhaps they already learn their lessons very well and those who FOMO already exited and not willing to enter the market unless there's a news that will really influence they to ride the train again.
But I believed that this trend will continue up to the end of the year regardless of ETH approval or not. Everyone is on the waiting game and what's left in the market right now are whales and those seasoned traders who can make money by during intra or day trading.
On the past bitcoin market never reacted fast to any crash like this one. It went to the bottom and stayed there for months before beginning another uptrend.
I think that this time we will linger at around 6000 and below will not go. The market is talking about growth and bullish trend at the moment. The global correction is about to come to an end !
What is the growth trend that you are talking about? The market still has no significant adjustments, bitcoin is like being invisible control. This cycle is not over yet.It is not about creating FUD, it is just something that is simple and plain. The demand so far sucks, and this is because of the mindset people have over just getting rich overnight, and with less concern of the major benefit they stand to gain in making use of it for transactions, and hence, has increased the speculative nature of the market.
As far as I can see, this market is not done with the downtrend, and there could still be lower lows to come.
Hopefully you're wrong. Though it seems that going close to the 5k level is also quite farfetched right now since btc is showing resiliency amidst this bear market. I personally think we've already bottomed at 5.8k this year
I really do not see so much resilience as things are and we could see about 2 weeks of gain being erased within few hours, and if that is not something that shows the bears are more active than the bulls, I wonder what else would show that.
If you don't sell, others will and you will end up with the burning potatoes in your hand.
Things don't happen because what you or I do. There is a logic on the market that past markets events teach us. We are on a bear market and it is going to last one year at least.
Things don't happen because what you or I do. There is a logic on the market that past markets events teach us. We are on a bear market and it is going to last one year at least.
We are on a bear market: we dropped more than 20% from the 52-week high. Bitcoin past suggests this is going to last for a very long time. Perhaps during all 2019. See every jump as an opportunity to sell. But don't trust me. This isn't a recommendation. Do your homework.
if you say that every jump must sell, then every price goes up after that the price will go down again, because many people apply that strategy, no wonder pump prices don't last long because many users panic selling? I think we have to be patient and not panic selling because it will lead to dump again The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Well as of now we see that bitcoin is increasing and we still on bearish market but still many people are believing that bitcoin will surpassed again the down trend and all will be happy because we get a good profit again. the price of bitcoin is dumping, looks like it's hard to increase high for bitcoin, but I still believe the potential of bitcoin it will skyrocket soon before end of this year.
We couldn't lift such possibility but I think it never do skyrocket this year. We only have little chances of having an uptrend motion in the 3rd quarter and yet, we are still drowning hard. It could our trust and faith into crypto help bring things alive.Sure, the market has been holding within the $5800 - $6k region, but I believe the bears will definitely still take a hit at it again, and in that case of hitting it lower, we might see a quick one towards $5k.
I am sure that because there is no new money (FIAT) coming in or it exists but in very small amounts compared to the bitcoin hype between the end of the year and the beginning of this year, if this condition still occurs then prices will continue to rotate in the area especially if there is no significant info or news about the development of this blockchain technology
yesterday the price of bitcoin bounced to the price of $ 7300k and after that the price of bitcoin fell like a rock. I'm sure in the next pump the price of bitcoin will reach $ 8k.
The price range from 6k to 6.5k this week and it never lands to $7.3k yesterday the last time I saw that price is last September 5 then the price falls like a cliff of the mountain back to $6.4k you can check the price graph history for that matter, the price stabilizes to $6k range and there's a bunch of potential news that would pump the price aside from the hyped ETF but we should not expect anything from it, Bearish this whole year? I don't think so the bull is just getting started for this last quarter.
We are on a bear market: we dropped more than 20% from the 52-week high. Bitcoin past suggests this is going to last for a very long time. Perhaps during all 2019. See every jump as an opportunity to sell. But don't trust me. This isn't a recommendation. Do your homework.
yesterday the price of bitcoin bounced to the price of $ 7300k and after that the price of bitcoin fell like a rock. I'm sure in the next pump the price of bitcoin will reach $ 8k.
There's not much left to turn ! The fact that bitcoin falls well as the faster it feels the bottom the faster it will start to rise ! Patience !
the price of bitcoin is dumping, looks like it's hard to increase high for bitcoin, but I still believe the potential of bitcoin it will skyrocket soon before end of this year.
We couldn't lift such possibility but I think it never do skyrocket this year. We only have little chances of having an uptrend motion in the 3rd quarter and yet, we are still drowning hard. It could our trust and faith into crypto help bring things alive.Sure, the market has been holding within the $5800 - $6k region, but I believe the bears will definitely still take a hit at it again, and in that case of hitting it lower, we might see a quick one towards $5k.
Its a huge disappoinment to all investor if bitcoin price will decline more, many of us expect that bitcoin will reach the highest peak before to end of this month ,but it seems not to happen based on the current risky scenarios. Thus, we still have 4 months to acquire and fullfill the satisfaction amount of the asset.
It will be a big disappointment only to those who want to see it as a big disappointment. Apparently, they did not take into effect that the market is extremely volatile and some could have bought at the overbought FOMO price just because they want to get rich quickly and now suffering from the retrace. Those who are so focused on the long term situation of things will prefer it to come down so they can buy more and that to me is an opportunity for smart investors.There are still some people out there that seem to think that a bull market could still emerge this year. In my opinion, that is just completely and utterly unlikely. There is no hype surrounding ETFs anymore, despite what some people may tell you.
You need to be a God to predict the exact future of bitcoin. Did you predict this fall of bitcoin well before the start of this year ? I believe not just you, no one was able to predict similarly you cannot say "unlikely", there must be "anything may happen" that alone most appropriate one.Quote
The pump that we had a few weeks back was obviously a bull trap looking at this stage, which I expected.
Not just bull trap, if you notice even bears are also getting trapped in this high volatile markets. But overall, it is a range bounded one and may break into upper side as per the past. The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
For prices to skyrocket, I don't think it will be in the current year, and my prediction of the market will continue to be bearish until the end of the year is only a slight surge and again decline.I hope this will be a gap for investors to buy coin coins at this declining price, and start not to sell because everyone wants next year there is a market change to bullrun and not to continue to be bearish
So far, the market is still trying to hold up but getting a lot weak as it keeps thriving to move upward. What is important now is to see how the market is going to be like in coming days and how the bulls are able to bring out a good statement towards participation in the market for smart moneys.
I completely agree with your statement.
There are still some people out there that seem to think that a bull market could still emerge this year. In my opinion, that is just completely and utterly unlikely. There is no hype surrounding ETFs anymore, despite what some people may tell you.
The pump that we had a few weeks back was obviously a bull trap looking at this stage, which I expected.
Markets are overall extremely bearish still, and I think that it's irrational to think that it's going to change at any stage of this year given the 2014 bear market lasted much longer than this. Remember that in bear markets, even news regarded as bullish previously do not matter much.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
For prices to skyrocket, I don't think it will be in the current year, and my prediction of the market will continue to be bearish until the end of the year is only a slight surge and again decline.I hope this will be a gap for investors to buy coin coins at this declining price, and start not to sell because everyone wants next year there is a market change to bullrun and not to continue to be bearish
So far, the market is still trying to hold up but getting a lot weak as it keeps thriving to move upward. What is important now is to see how the market is going to be like in coming days and how the bulls are able to bring out a good statement towards participation in the market for smart moneys.
the price of bitcoin is dumping, looks like it's hard to increase high for bitcoin, but I still believe the potential of bitcoin it will skyrocket soon before end of this year.
We couldn't lift such possibility but I think it never do skyrocket this year. We only have little chances of having an uptrend motion in the 3rd quarter and yet, we are still drowning hard. It could our trust and faith into crypto help bring things alive.low price.
the price of bitcoin is dumping, looks like it's hard to increase high for bitcoin, but I still believe the potential of bitcoin it will skyrocket soon before end of this year.
We couldn't lift such possibility but I think it never do skyrocket this year. We only have little chances of having an uptrend motion in the 3rd quarter and yet, we are still drowning hard. It could our trust and faith into crypto help bring things alive. I think that this time we will linger at around 6000 and below will not go. The market is talking about growth and bullish trend at the moment. The global correction is about to come to an end !
What is the growth trend that you are talking about? The market still has no significant adjustments, bitcoin is like being invisible control. This cycle is not over yet.It is not about creating FUD, it is just something that is simple and plain. The demand so far sucks, and this is because of the mindset people have over just getting rich overnight, and with less concern of the major benefit they stand to gain in making use of it for transactions, and hence, has increased the speculative nature of the market.
As far as I can see, this market is not done with the downtrend, and there could still be lower lows to come.
Hopefully you're wrong. Though it seems that going close to the 5k level is also quite farfetched right now since btc is showing resiliency amidst this bear market. I personally think we've already bottomed at 5.8k this year
I don't think that will happen again and maybe this has begun to enter conditions for price increases or recovery in bitcoin prices.
I think that this time we will linger at around 6000 and below will not go. The market is talking about growth and bullish trend at the moment. The global correction is about to come to an end !
What is the growth trend that you are talking about? The market still has no significant adjustments, bitcoin is like being invisible control. This cycle is not over yet.It is not about creating FUD, it is just something that is simple and plain. The demand so far sucks, and this is because of the mindset people have over just getting rich overnight, and with less concern of the major benefit they stand to gain in making use of it for transactions, and hence, has increased the speculative nature of the market.
As far as I can see, this market is not done with the downtrend, and there could still be lower lows to come.
When Bitcoin starts to rise and reaching $7,000 it feels very heavy and slow movement, but when price are starting going to fall, breaking support $7,000 and $6,000 are seems to be easily. If you want prices having skyrocketing again, then those who whales hold Bitcoin in big amount don't manipulated the market, so we can together makes Bitcoin can reach a minimum of $10k by the end of this year, otherwise bearish will remain a trend.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
The current situation looks very despair no confidence in the market at all. And now we are looking forward to the catalyst of CBOE's ETF in late September other than that situation is quite worst. So yes we may see some spike in the prices in the mid-September and then a slump again if ETF is extended again which is more likely to happen.
Better if the question will be when will bearish will stop? Because it did not stop and come back again but the bearish market is just still in effect at this moment. Hopefully it will be over soon because if the bullish market will not start them i'm afraid many will leave this investment in dismay.
Its a huge disappoinment to all investor if bitcoin price will decline more, many of us expect that bitcoin will reach the highest peak before to end of this month ,but it seems not to happen based on the current risky scenarios. Thus, we still have 4 months to acquire and fullfill the satisfaction amount of the asset.
Better if the question will be when will bearish will stop? Because it did not stop and come back again but the bearish market is just still in effect at this moment. Hopefully it will be over soon because if the bullish market will not start them i'm afraid many will leave this investment in dismay.
I think that this time we will linger at around 6000 and below will not go. The market is talking about growth and bullish trend at the moment. The global correction is about to come to an end !
What is the growth trend that you are talking about? The market still has no significant adjustments, bitcoin is like being invisible control. This cycle is not over yet. I'm thinking $ 6000 already is the current hard support. Bitcoin will return to $ 10,000 in September. A lot of technical analysis is geared towards that
Bearish trend is currently existing in the market and we should not sell right now will be a foolish decision ever if you proceed for selling. Better decision is to invest more in the Bitcoin so that we have more coins in our wallet for we are looking to make huge or maximum profit in high market. High market is not far as it has taken too long to convert into bullish but we have to think for benefit only and the current benefit is to buy more.
this year there was not a flexible exchange at the markets. I lost hope now that it's starting levels. max. It is traded at the level of $ 9,000 for the end of the year. For ether, max. It will be $ 900 - $ 1,100.
It's very hard to say anything for 2019.
It's very hard to say anything for 2019.
I think that this time we will linger at around 6000 and below will not go. The market is talking about growth and bullish trend at the moment. The global correction is about to come to an end !
the price of bitcoin is dumping, looks like it's hard to increase high for bitcoin, but I still believe the potential of bitcoin it will skyrocket soon before end of this year.
As many people as many opinions about Bitcoin price movement, but I'm with those people who believe that we already reached the bottom of BTC price.
Even if this time BTC price went till the bottom again, the price may dip a little to below $6,000 but it will rebound to $6,500 and goes up more.
Even if this time BTC price went till the bottom again, the price may dip a little to below $6,000 but it will rebound to $6,500 and goes up more.
The trend for bitcoin shows that the price will not go that low for a long time and maybe even never again. That is the power we have, the bitcoin price was around at $7k+ lately and now dropped to $6.4 levels one day, I am not against that and I won't be shocked if that ever happens but fortunately for us the price is high enough that even at $7k we were talking about the bull run and how far it will go so I do not think the price will go back to $5.5 levels ever again.
The lowest it reached was $5.8 levels and even there it didn't stayed too long and it went up right away so I think it won't even hit that $5.8 levels neither. We are at a place where the bitcoin price found the bottom and that is around $6.4 levels.
The lowest it reached was $5.8 levels and even there it didn't stayed too long and it went up right away so I think it won't even hit that $5.8 levels neither. We are at a place where the bitcoin price found the bottom and that is around $6.4 levels.
I'm thinking $ 6000 already is the current hard support. Bitcoin will return to $ 10,000 in September. A lot of technical analysis is geared towards that
Bearish trend is currently existing in the market and we should not sell right now will be a foolish decision ever if you proceed for selling. Better decision is to invest more in the Bitcoin so that we have more coins in our wallet for we are looking to make huge or maximum profit in high market. High market is not far as it has taken too long to convert into bullish but we have to think for benefit only and the current benefit is to buy more.The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
For prices to skyrocket, I don't think it will be in the current year, and my prediction of the market will continue to be bearish until the end of the year is only a slight surge and again decline.I hope this will be a gap for investors to buy coin coins at this declining price, and start not to sell because everyone wants next year there is a market change to bullrun and not to continue to be bearish
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
The current situation looks very despair no confidence in the market at all. And now we are looking forward to the catalyst of CBOE's ETF in late September other than that situation is quite worst. So yes we may see some spike in the prices in the mid-September and then a slump again if ETF is extended again which is more likely to happen.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Bitcoin price has been moving side ways for the past few days. It may dip a little to below $6,000 but it will rebound to $6,300 and move side ways again. Day traders can make a lot of profits for this price movement specially those who are very much familiar with charts. But for us holders, lets just wait for the end of Chinese Ghost month and lets observe if price will jump back to $8,000 or perhaps back to 5 digits again. 
there's obviously a real battle for the $6000s between bulls and bears. most people around here seem to assume the bottom is in, which makes me weary. i'm still refraining from trading right now. the market is still threatening a lot of weakness, and after so much downside, i'm only looking for buying/longing opportunities. i've got my fingers crossed that we start curving upwards and showing support into dips, but......i'll wait and see. 
Bitcoin price is trading between 6000$ and 7000$ for a long time. in fact at that level the investors are not reluctant to invest their money in bitcoin at that level, they know that the current price is the lowest price for bitcoin and therefore there are very little chances that bitcoin rice will break that level very easily. but remember, that logic goes both ways. bears are obviously not reluctant to sell down here either.
bulls are not letting price below the $5500-$6000 area. but the bears are also not letting price above any previous high. we're stuck in a pattern of lower highs. as i see it, the $6000s is still a real battle zone. price could really go either way here.
there's obviously a real battle for the $6000s between bulls and bears. most people around here seem to assume the bottom is in, which makes me weary.
We can't keep testing the $6000 mark endlessly. It will break by the next one or two attempts, especially if the decline is fueled by yet another couple of ETF rejections which people seem to go nuts on.agreed, we can't keep testing it. the support will eventually break if it keeps getting hammered. bulls need to make a move relatively soon.
there's obviously a real battle for the $6000s between bulls and bears. most people around here seem to assume the bottom is in, which makes me weary.
We can't keep testing the $6000 mark endlessly. It will break by the next one or two attempts, especially if the decline is fueled by yet another couple of ETF rejections which people seem to go nuts on.My thought is that the 'ultimate' bottom is somewhere around the $4000 mark. It will reset the market back to where Japan was positively stimulating a healthy uptrend, but still before the futures announcements.
And people relax, I'm not saying it will actually go down to $4000. It's just a thought that's floating around in my mind in case we do actually break the $5700 mark. It doesn't even sound unrealistic.
We have moved past that level for good, we are hoping bitcoin will break the 7000 $ resistance and move further upward before it goes to the moon
Well, we have no other choice but to hope and wait for that moment. As other speculations said that bitcoin will only play from $5k to $6800 for a few weeks. Being said and experiencing it now, it is not hard to break a resistance of $7k and start a bull run, if ever.
We have moved past that level for good, we are hoping bitcoin will break the 7000 $ resistance and move further upward before it goes to the moon
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
it's been bearish trend for the past 6 months and I think that this will the trend for the whole year. The bull run maybe will come next year if there's no good news that will ignite a bull run for this year. You need to have enough patience to wait for the bull run. I believe we already touched the bottom of this bear market, there is too much support around the $6k levels for it too reach a new low for the year. There is still a lot of negativity lingering because of the dip from the $20k peak. I do believe the next bull run will start very soon and there is no reason we can't reach a new all time high by the end of this year.
Yes that is a fact that we have already touched the bottom, but people still reluctant to do investment in bitcoin because of the negative news that are wondering in the market. Hope very soon people will overcome their fear and will start investment in bitcoin which is surely give a good boost to bitcoin price. And it looks like the trading would be around $6K-$6.5 and the big mental barrier is $7K. I like what I'm seeing though, we might be seeing another sideways for a few days, and probably consolidating in order to get to the new phase, which is $7K. Might be a bull trap again? 
Remains to be seen.
I think that 7k is not a big psychological barrier for bitcoin investors. Bitcoin price can easily cross that level may be in next 24 hours. I think that the big barrier for bitcoin price is 10k which I think can cross but after entering some good news in the market. Remains to be seen.there's obviously a real battle for the $6000s between bulls and bears. most people around here seem to assume the bottom is in, which makes me weary. i'm still refraining from trading right now. the market is still threatening a lot of weakness, and after so much downside, i'm only looking for buying/longing opportunities. i've got my fingers crossed that we start curving upwards and showing support into dips, but......i'll wait and see.
Bitcoin price is trading between 6000$ and 7000$ for a long time. in fact at that level the investors are not reluctant to invest their money in bitcoin at that level, they know that the current price is the lowest price for bitcoin and therefore there are very little chances that bitcoin rice will break that level very easily. I'm thinking $ 6000 already is the current hard support. Bitcoin will return to $ 10,000 in September. A lot of technical analysis is geared towards that
Bearish trend is currently existing in the market and we should not sell right now will be a foolish decision ever if you proceed for selling. Better decision is to invest more in the Bitcoin so that we have more coins in our wallet for we are looking to make huge or maximum profit in high market. High market is not far as it has taken too long to convert into bullish but we have to think for benefit only and the current benefit is to buy more.A lot of people who really are confused about what is happening now are those who did not even understand what this space is like before even deciding to invest at all with quite a number of them just looking for ways to quickly get rich and wealthy in a short term. The best thing for anyone to be thinking of now is to see how to be buying the dips to take advantage of huge profit when the market picks up.
I'm thinking $ 6000 already is the current hard support. Bitcoin will return to $ 10,000 in September. A lot of technical analysis is geared towards that
Bearish trend is currently existing in the market and we should not sell right now will be a foolish decision ever if you proceed for selling. Better decision is to invest more in the Bitcoin so that we have more coins in our wallet for we are looking to make huge or maximum profit in high market. High market is not far as it has taken too long to convert into bullish but we have to think for benefit only and the current benefit is to buy more.
there's obviously a real battle for the $6000s between bulls and bears. most people around here seem to assume the bottom is in, which makes me weary. i'm still refraining from trading right now. the market is still threatening a lot of weakness, and after so much downside, i'm only looking for buying/longing opportunities. i've got my fingers crossed that we start curving upwards and showing support into dips, but......i'll wait and see.
Bitcoin has the strong fluctuation to sum up. Well, remember the market always sorrounds of surprises so possibly price will touch a sky rocket but it's not clear when. A chance could occur let's see before this end of the year.
I believe we already touched the bottom of this bear market, there is too much support around the $6k levels for it too reach a new low for the year. There is still a lot of negativity lingering because of the dip from the $20k peak. I do believe the next bull run will start very soon and there is no reason we can't reach a new all time high by the end of this year.
And it looks like the trading would be around $6K-$6.5 and the big mental barrier is $7K. I like what I'm seeing though, we might be seeing another sideways for a few days, and probably consolidating in order to get to the new phase, which is $7K. Might be a bull trap again? Remains to be seen.
Remains to be seen. The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
I doubt it can go that much low anymore. I mean it still can but I doubt it will happen, I believe for a while it will stay around these levels before going up again. As per some expert's analysis bitcoin market is just copying exactly what happened in 2014 after hitting $1200 for the first time. This makes me worried a lot.People are forgetting that going back to $20k is really hard however getting bitcoin down to $4k or lower is actually harder, you need billions of dollars or some sort of manipulation/speculation that could rock the crypto space, like USA bans all crypto related stuff type of big, either that or billions of dollars. I doubt anyone would do neither of those two just to get bitcoin price under $4k. Considering this, I think we are at a safe spot, the price is good to buy because it is really hard for it to go further down.
yes you are right for now it seems that the condition of the bitcoin price will be back bearish and will touch the most basic price may touch the price of $5000.
Even though the market price of bitcoins will reach $5k dollars, it will still grow even more in the future due to the volatility of the market so keep on holding your coins today.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Skyrocketing may happen and may not as we do not know actually because major factor that is controlling the value is demand rate or buying rate. Once the number of participants increases the value will start its increase trend and when it decreases the value also declines. Due to this fact which can happen any time in the market so we have no idea when will the value start going up in the air.
I'm thinking $ 6000 already is the current hard support. Bitcoin will return to $ 10,000 in September. A lot of technical analysis is geared towards that
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
The current BTC price is $63xx and according to current price movements, I expect a BTC price of $68xx a next week, but it's just a guess. Let's see how will the market looks?
I know a lot of people that have been opening short positions every time we crossed the $6000 line, they thought we were going to re-test $4900 long term resistance line, and were so smug about their shorts.
Each time they have been rekt by these pumps that happen when we cross $6000, and just like pigs, shorts get slaughtered. It's really sad to see, but hilarious at the same time I guess.
How many times do we have to go through this to see that shorting Bitcoin, specially at $6k range, is extremely dangerous? This could be the definitive bottom after all, and we'll just stay there until bears run out of steam, then race to ATH begins again.
Each time they have been rekt by these pumps that happen when we cross $6000, and just like pigs, shorts get slaughtered. It's really sad to see, but hilarious at the same time I guess.
How many times do we have to go through this to see that shorting Bitcoin, specially at $6k range, is extremely dangerous? This could be the definitive bottom after all, and we'll just stay there until bears run out of steam, then race to ATH begins again.
Markets are fickle bitches. Sometimes they cross that "tipping point" just to taunt people who think that line is the end of everything. Longs close, shorts open, everyone switches positions and then... surprise! It's back on the other side again! A good old sweep and rinse maneuver just cleaned out half of the retail traders and suddenly there's a lot more room for us.
This is why it's impossible to say "The end is nigh! 6k has been crossed!" It could be crossed 7 times before going back up for all we know.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
The markets have pretty much always been bearish from the start of the year.
The only thing that was remotely close to some bullish sentiment in the last month was probably the bull trap, which saw bitcoin rally to around $8k or so, before correcting back to the level that we're at right now (6-7k).
It's just how a bear market goes, there is mostly sideways movement and some dips in price here and there. It doesn't mean that bitcoin is not going to experience more bull markets in the long term, at all.
In fact, we're probably very close to the bottom at this point in time. A recovery is imminent, and I think that with the halving event in 2020, we could likely see the next bull market emerge some time there.
rising $ 1k in a day is very possible for bitcoin, but I see that now the price of bitcoin has started to rise. Looks like the bear market still needs more time to make bitcoin prices fall to $ 5500.
I just checked the preev price, and it's at roughly $6000. Did it actually get to $5500 while I was asleep? OP was written just under 12 hours ago.
OP is one of those who opened a short position hoping for a big profit.
basically the lowest price was about $5960 when he started this topic and the lowest that was reached were like this:
Bitstamp: $5880.0
Bitfinex: $5876.5
Coinbase: $5902.8
the hourly charts look funny now:
I know a lot of people that have been opening short positions every time we crossed the $6000 line, they thought we were going to re-test $4900 long term resistance line, and were so smug about their shorts.
Each time they have been rekt by these pumps that happen when we cross $6000, and just like pigs, shorts get slaughtered. It's really sad to see, but hilarious at the same time I guess.
How many times do we have to go through this to see that shorting Bitcoin, specially at $6k range, is extremely dangerous? This could be the definitive bottom after all, and we'll just stay there until bears run out of steam, then race to ATH begins again.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
The current situation looks very despair no confidence in the market at all. And now we are looking forward to the catalyst of CBOE's ETF in late September other than that situation is quite worst. So yes we may see some spike in the prices in the mid-September and then a slump again if ETF is extended again which is more likely to happen.
I just checked the preev price, and it's at roughly $6000. Did it actually get to $5500 while I was asleep? OP was written just under 12 hours ago.
OP is one of those who opened a short position hoping for a big profit.
basically the lowest price was about $5960 when he started this topic and the lowest that was reached were like this:
Bitstamp: $5880.0
Bitfinex: $5876.5
Coinbase: $5902.8
the hourly charts look funny now:
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Until this year would not end then i'm very optimistic that Bitcoin will be in All Time High again. I believed that this constant price decreasing is manipulated so that the big whales could start to pump Bitcoin price again at a lower price so that they could gain enough if they will buy it low and sell it high again once the Bitcoin will reach the ATH again by this year.
Well the manipulation is there but the current holders i think are long time btc users and they're fully aware of what's happening. That's why panic selling won't be as rampant as a couple of months ago and a drastic decline below this year's all time low would also be unlikely.
Well, after a catastrophic day in the markets, it seems the downtrend has finally come to its end today. Maybe this is short-lived, as many do believe the decline hasn’t come to an end just yet, either way though, let’s relish in the fact that as it stands, crypto is no longer falling. And at the time of writing, the Top 100 Cryptocurrencies in coinmarketcap.com led by Bitcoin is all color green with the exception of Tether, MOAC, Dentacoin, Aurora, and TrueUSD. Bitcoin is valued at $6,399.40, up by 5.54%. Let's watch Bitcoin these coming days, it looks very promising overall.
why do many complain when the price of bitcoin goes down? is a natural thing when the price of bitcoin rises and falls suddenly. compare bitcoin prices at the beginning of 2017 not by the end of 2017.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Until this year would not end then i'm very optimistic that Bitcoin will be in All Time High again. I believed that this constant price decreasing is manipulated so that the big whales could start to pump Bitcoin price again at a lower price so that they could gain enough if they will buy it low and sell it high again once the Bitcoin will reach the ATH again by this year.
Remember that we went from $3k to $20k in 3 months. The next bull run will dwarf the previous one.
Yes,we need to remember that as well then we may have confidence to hold our bitcoins and if bull run starts this time we may see huge price spikes when compared to 2017's price growth so guys this is the time to buy the bitcoin we are at the verge of bull run now. 
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
There are many reports coming that claims the bitcoin price will go down to $5k so I expect the same also as the ETF is also being postponed and it's said that it would not be accepted for more than 2 more months. So there isn't any chance of the bitcoin price increase but we can expect the price decrease as the Miners also need money to mine bitcoin for paying electricity bills so they could have to take a hit in selling the coins at a low price. 
It's trending whenever the price of bitcoin declines, too many questions like these. And if the price skyrockets, too many expectations are increasing.
Will we ever see pricing skyrocketing again?
Yes. The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Even we are on the bearish market I know that we will surpassed this kind of situation. I think bitcoin will not go under 5k it will be bounce again in a higher price again just believe and don't lose hope. The best we can do is buy more as long the price is cheap. The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Sure we will see price go back up to 20k or even higher. The real question is "when?". Unless someone invents something as innovative as bitcoin once was... In this case we, the bitcoin hodlers, are screwed
We, the bitcoin holders are not screwed. We just need to have a bit of patience. The price will rise again, we’ll have more epic bull runs as the years pass. We just can’t control when, it’s not a short term investment, if you’re after quick profits then bitcoin is not for you.
Indeed, this must be the ultimate test of every bitcoin fanatics. Patience wasn't just that of quick turns of scenario, but for now it dominated us in terms of asset assurance. That's why most of us really had a worst nosebleeds, particular on analyzing the current situations that had happened. Long term trades is recommended for this moment, for us to earn and acquire huge profit gains.
yes you are right for now it seems that the condition of the bitcoin price will be back bearish and will touch the most basic price may touch the price of $5000.
What do you mean? We have been bearish since day one of 2018 and I don't know if you see some bullishness in the market. What you witness is just a bounce and now look at where the price is. $6K is a big psychological resistance and I don't think it can be breached that easy. Still holding as of the moment, but just be cautious, might be another bull trap though.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
"always been clamped within $5500-6000"? When? It dipped and touched 5800 today, but that's it. In June it briefly floated between these two lines for a day or two. And in Jan we saw a quick kiss of 5900.
Exaggerating about the price doesn't help with trading psychology. If you really need to follow it that closely, be precise. It will probably be more beneficial for you not to follow it like that though, because you need to think more about your long term goals. If you want to do some scalping and short term trading, maybe forex might be better.
It just popped back to $6100+ with a nice green candle just like clockwork. Whales will simply put not let it go below $6000. We are witnessing a war between whales and Wall Street, which want to crush the price so TPTB can buy a fuckton of Bitcoin at super cheap prices below the mining cost of the allegedly $6000 range, which is why whales don't want to see it below $6000.
It's a matter of time either sides losses patience or too much money, but the longer it stays above $6k, the higher the risk for these holding 0 BTC waiting on the sidelines for a perfect bottom to enter the market. Remember that we went from $3k to $20k in 3 months. The next bull run will dwarf the previous one.
It's a matter of time either sides losses patience or too much money, but the longer it stays above $6k, the higher the risk for these holding 0 BTC waiting on the sidelines for a perfect bottom to enter the market. Remember that we went from $3k to $20k in 3 months. The next bull run will dwarf the previous one.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
While i understand what you are saying i dont agree with the language used.
"always been clamped within $5500-6000" is factually i correct. Bitcoin has
come from $1, $10, $100, $1000 and beyond. What we are going through is
just a phase. A phase which frustrates a lot of people but patience is the only
solace in these times.
yes you are right for now it seems that the condition of the bitcoin price will be back bearish and will touch the most basic price may touch the price of $5000.
Even though the market price of bitcoins will reach $5k dollars, it will still grow even more in the future due to the volatility of the market so keep on holding your coins today.
yes you are right for now it seems that the condition of the bitcoin price will be back bearish and will touch the most basic price may touch the price of $5000.
Don't check the prices too often this will leads to panic sell and causes more price fall,the price of bitcoin is still hanging at $6000 we may see some bump by the upcoming weeks sonce the dominance of bitcoin increased far which means altcoins were falling more when compared to bitcoin.ANd also by the end of year there are chances for bump as well so better be patient and start hold.
I just checked the preev price, and it's at roughly $6000. Did it actually get to $5500 while I was asleep? OP was written just under 12 hours ago.
Watching bitcoin's price can drive you batty, and I wouldn't recommend doing it obsessively. I can't imagine how often the whales check it, or even those people who own more than 1BTC even. It must be like watching a stock that you own a lot of shares of, but you can get to emotionally invested in it as a result.
Don't know if the market is bearish or not, because it just seems to be jumping up and down, which it's done before. I thought we might've gotten on a good bull run when we got above $8k, but it looks like I was mistaken. Too bad, too, because everyone has been waiting a hell of a long time for something like that.
Watching bitcoin's price can drive you batty, and I wouldn't recommend doing it obsessively. I can't imagine how often the whales check it, or even those people who own more than 1BTC even. It must be like watching a stock that you own a lot of shares of, but you can get to emotionally invested in it as a result.
Don't know if the market is bearish or not, because it just seems to be jumping up and down, which it's done before. I thought we might've gotten on a good bull run when we got above $8k, but it looks like I was mistaken. Too bad, too, because everyone has been waiting a hell of a long time for something like that.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Why you guys thinks that there will be no "journey to the moon" again just because of the current price movement? Is that really the basis? If so then we just say that price is predictable but obviously it's not. Majority of average bitcoiners really not used into this kind of price movement especially the 2017 peeps where all they want is price increase.
Bitcoin will surely lasts for many years to come and on the way, we don't know that something spectacular might happened. When? Who knows? If 2017 happenings will not be repeated this year then so what? Is that really a big deal?
Just go with the flow and trust the process.
The nature of this market is up and down and I think if we actually want to take that advantage it has to be through day trading as the current situation of the market is not favourable to long term investors but good for pump and dump market. The current bitcoin price below $6000 is a sign that investors are afraid of putting in money.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Slow and steady price rises are always best, it's true. With the ETF and other rumors, the recent bounce to $8,500 felt like a "sell the news" event.
Bitcoin will definitely skyrocket again, one day. But if you're expecting something like 2017 anytime soon, you'll probably be sorely disappointed. The best case scenario here is a sideways correction into (and possibly through) 2019. Alternatively, price could fall in half from here over the next few months and that would be totally normal.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
There will be no any skyrocketing this year. There is some possibillity in next year, but I doubt. It is long long bearish market. And if ETH will be rejected (And I think it will) then there will be a massive selloff with price range $2.5-3K to the end of the year.
Don't count it off yet. Remember that we went from $3000 in September to $20000 in December... that's two damn months for a $17000 increase... price predictions of $10000 at the end of the year were considered as delusional insane and we got x2 of that delusional-at-the-time prediction.
If we can stay on this $5500 to $6000 range for a couple of months (similar to the $150-300 range from post-MtGox crash) then we could skyrocket again at the end of the year, and we would be coming from double the point of departure of the last bubble so we could very well hit an ATH.
once again the market proved that $6000 is here to stay and it is strong. it was an interesting day actually! price has been constantly testing the strength of this buy support and each time it was pushed down it bounced right back up. it is starting to look pretty funny and i do believe that some whales are trying too hard to push bitcoin below this level.
so far they have been failing. how much longer they are going to keep at it though?
so far they have been failing. how much longer they are going to keep at it though?
The recent decline suggests that the momentum is weakening for the bulls while the bears are feasting on this bloodshed. The outcome of the ETF hypes seem to not be panning out well for the bulls, with the general interest about bitcoin waning while the bears are capitalizing on the uncertainty and destroyed hopes for a new bull run. For me, the recent price crash is somewhat justified, considering that the ETF talks were just mere hypes and most people have banked on the anticipation only to dump the price hard once it got postponed or declined. I don't expect the price to be rebounding as soon as another ETF-related event arises which I know will generate the same hype train again.
Currently the price is above 6000$ again. Some say that if the price falls under 5500$ the dump will continue and it's not sure where the limit could be.
Personaly I don't think that price will go that low but for a while it might stay around 6000$ without further progress.
This year there will be no skyrocketing. Max.price that Bitcoin might reach by the end of the year could be somwhere around 8500$ to 9000$.
Personaly I don't think that price will go that low but for a while it might stay around 6000$ without further progress.
This year there will be no skyrocketing. Max.price that Bitcoin might reach by the end of the year could be somwhere around 8500$ to 9000$.
what made you choose $5500?
so far the lowest that bitcoin has reached has been $5774 which was months ago and today the lowest was $5880! and it is not a bear market it is just altcoin dumps that is becoming severe again. and we are already back at $6000+
nobody can tell how long this will last but so far it has been holding strong.
the rise will eventually start but for now we have a big drama on the way called ETF, as soon as we are past that we can see rises start.
so far the lowest that bitcoin has reached has been $5774 which was months ago and today the lowest was $5880! and it is not a bear market it is just altcoin dumps that is becoming severe again. and we are already back at $6000+
nobody can tell how long this will last but so far it has been holding strong.
the rise will eventually start but for now we have a big drama on the way called ETF, as soon as we are past that we can see rises start.
price will sureley com back, and will indeed not be with a 1000$ rise in a day.
it will start gradually, with beartraps on the way
Patience is the key
it will start gradually, with beartraps on the way
Patience is the key
There's still a possibility that something greater than bitcoin will emerge (I sure hope it will not in upcoming years, but it is still possible)
Bitcoin isn't a company or a piece of technology.
Bitcoin is software that can be improved throughout the years and have second, third, fourth layers added to allow near instant settling payments, smart contracts, etc.
Bitcoin has its simplicity working for it. The less features you offer, the less there is to break or corrupt. People at the end of the day want only one thing, which is to dump their savings in Bitcoin as most secure chain and have it increase in value throughout the years. Usage as currency is something even the fastest crypto coins aren't enjoying, so why would it matter for Bitcoin? People simply don't care yet, and by the time they do start to care, LN is ready to serve them.
But again there is a great fall in bitcoin price, the market gives us more chance to buy more bitcoins. Save the bitcoins for future surely the price will increase. But according to current situation we cannot expect the bull run in this year. At the same time we cannot judge the market may be it will happen or it will take time to bull run. Till that we have to hold the bitcoin with patience.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Sure we will see price go back up to 20k or even higher. The real question is "when?". Unless someone invents something as innovative as bitcoin once was... In this case we, the bitcoin hodlers, are screwed
We, the bitcoin holders are not screwed. We just need to have a bit of patience. The price will rise again, we’ll have more epic bull runs as the years pass. We just can’t control when, it’s not a short term investment, if you’re after quick profits then bitcoin is not for you.
Everything what you said is true if bitcoin remain uncontested. There's still a possibility that something greater than bitcoin will emerge (I sure hope it will not in upcoming years, but it is still possible)
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Pump and dump and pump and dump and up and down and panic sell and FOMO buy and so on.
Chill out guys, look at the big picture and think for yourselves: what would be, in your eyes, a correct price for Bitcoin?
And based on that, take the actions you think they're the best - buy or sell.
I think that Bitcoin tech and scarcity will - sooner or later - make Bitcoin rise high. But when? I don't know anymore...
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
We are again fall with another dip and it seems the market has given us the best opportunity to buy at lower price and I think this will be lowest price for this year. Just hold on and add more patience as this could be the last dip and after this we will be heading for a strong bull run.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Sure we will see price go back up to 20k or even higher. The real question is "when?". Unless someone invents something as innovative as bitcoin once was... In this case we, the bitcoin hodlers, are screwed
We, the bitcoin holders are not screwed. We just need to have a bit of patience. The price will rise again, we’ll have more epic bull runs as the years pass. We just can’t control when, it’s not a short term investment, if you’re after quick profits then bitcoin is not for you.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Sure we will see price go back up to 20k or even higher. The real question is "when?". Unless someone invents something as innovative as bitcoin once was... In this case we, the bitcoin hodlers, are screwed
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
There will be no any skyrocketing this year. There is some possibillity in next year, but I doubt. It is long long bearish market. And if ETH will be rejected (And I think it will) then there will be a massive selloff with price range $2.5-3K to the end of the year.
The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
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