BTC pretty much already touched the $7700 area. On XBTUSD the low was $7765, and most likely the local bottom of $7688 will get tested within the next few hours. What is important is what happens right after.
If we break $7688 and head to $7650 and fail to go lower, it means that there is huge demand and lack of sell pressure, very bullish. However if we break the low and fall to $7500 or lower, then its very bearish. Similar to what happened in Nov 2018, where we dropped another $1K over a span of a few hours.
Most likely this will confirm whether the bull market will continue or if the bear market started when the $9K broke a few weeks back.
Topic: Bitcoin 7700$ - page 2. (Read 474 times)
Dear All!
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed. But Bitcoin is pulling down last the analysis. Although I may be wrong.
BR
Can’t it be $6,000?so I can purchase 1 whole piece ?as my 4th quarter bonus from work is arriving shortly so I can afford having 1 before the awaited bull comes.What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed. But Bitcoin is pulling down last the analysis. Although I may be wrong.
BR
What I’m thinking?people like me will celebrate if we fall much lower from that amount and only weak and noob will cry 😢.and next time please share with us where did you get the analysis if there is.thanks
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I'm expecting that the price will fall more than that. I already predicted this more than weeks ago and setup my buy position @7200 to 6800 range. There's a high chance to go down that far since bulls didn't show buy force for the past week after the dump so definitely the downtrend will continue until it reach again the next support.
I could definitely see us reaching $7700 and below considering we've been making nothing but lower lows and lower highs since we pumped from $7701 on Coinbase Pro about a week ago. We've also bounced off (a bit under according to Bitcoinwisdom.io) the 50 weekly MA before the weekly close which is a definite region of support in my eyes, though if it breaks I'm eyeing the lower $7000s and perhaps even the $6000s as another target below. We could also be triple bottoming if this wicks near $7700 and starts moving up again, though I see the bearish scenario being somewhat more likely.
Now it's 7,800, so maybe you're right
Oof. It's down just over $200 since I last checked the price earlier this morning. That in itself isn't a plunge but we could go lower before going higher...and I do think bitcoin is going higher eventually. Anyway, asking whether it can slide $100 lower than where it currently is, that's kind of a silly question. So this period still can be a long discussion whether the market will crush down to 7k level or it will go up again.
That could happen too, but I don't think its going to. The traders who've sold their bitcoin and made a profit have already done so. Unless there's a wave of panic selling, the price shouldn't continue to fall unless there's a dearth of buying orders across the exchanges. what is the future of bitcoin it fall down to 7900$
what expected price for bitcoin within 3 months thank you
what expected price for bitcoin within 3 months thank you
It is possible, check the analysis above you. Clearly it can go through that path. But within three months period, everything and anything can happened. Remember bull run last time, needed only few months upon reaching its ATH. So this period still can be a long discussion whether the market will crush down to 7k level or it will go up again.
Bitcoin expectations for this year are roughly in consolidation, perhaps that alone gives the crowd of participants a bearish chill to winter oncoming but its not really negative more profit taking and revision of previous pricing. This is the boring part of upward progress, a healthy market will always backtrack some and make good the scaffolding that allows a solid price to rise later.
Thats how I view BTC very roughly, got to keep checking charts, etc but I think work in progress would sum it up. No big deal either way but I would guess some less involved people want fireworks and walk away for a while, which means a (likely) lower price without anything being wrong exactly.
Anyone who was on the net donkeys years ago knows, the little work in progress signs on every website even if it worked there was much more to do. Thats what it reminds me of now, it'll rise before halvening I guess also
200 day and 200 week average price is used by some as estimates long term. I still think we can be 10k near term as a possibility.
Thats how I view BTC very roughly, got to keep checking charts, etc but I think work in progress would sum it up. No big deal either way but I would guess some less involved people want fireworks and walk away for a while, which means a (likely) lower price without anything being wrong exactly.
Anyone who was on the net donkeys years ago knows, the little work in progress signs on every website even if it worked there was much more to do. Thats what it reminds me of now, it'll rise before halvening I guess also
200 day and 200 week average price is used by some as estimates long term. I still think we can be 10k near term as a possibility.
what is the future of bitcoin it fall down to 7900$
what expected price for bitcoin within 3 months thank you
what expected price for bitcoin within 3 months thank you
It looks like this will really be the case now.
The market is going to be filled with new speculations again since there is history to be based upon.
If i am not mistaken he is just providing the charts a couple of weeks back when the bleeding started and what is the big historical speculation in that The market is going to be filled with new speculations again since there is history to be based upon.
.Still I dont see it going below 7k, that should be enough.
We have been there and that should be the stop point whenever a fall happens.
There is nothing interesting in the market right now to say that the price will not drop further from this situation, the market started going down after the launch of Bakkt, he market was lacking any direction for a very long time and we need to see a correction before the next upward movement and the correction is here.We have been there and that should be the stop point whenever a fall happens.
I hate to see it dropping more for we are going to see a lot of FUD again that can cost the value of bitcoin to drop.
We might see a further drop before the market starts moving up, the market is dropping not because of any FUD news, i cannot see any news in the market that could affect the price, in fact there is nothing interesting to say right now and the market was lacking any direction and hence the market started falling. 
Dear All!
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed.
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed.
lower.
this is a classic slow bleed just like the september 19-24 period. once price cuts through $7700, the decline should accelerate. see here on the 4h candlestick chart---
Thank you for that.
It looks like this will really be the case now.
The market is going to be filled with new speculations again since there is history to be based upon.
Still I dont see it going below 7k, that should be enough.
We have been there and that should be the stop point whenever a fall happens.
I hate to see it dropping more for we are going to see a lot of FUD again that can cost the value of bitcoin to drop.
Dear All!
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed.
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed.
lower.
this is a classic slow bleed just like the september 19-24 period. once price cuts through $7700, the decline should accelerate. see here on the 4h candlestick chart---
https://i.imgur.com/AnLaLOO.png
Thanks! It's nice to see a knowledgeable and experienced person. I have the same opinion on this issue.
With Best Regards +++
Dear All!
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed.
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed.
lower.
this is a classic slow bleed just like the september 19-24 period. once price cuts through $7700, the decline should accelerate. see here on the 4h candlestick chart---
Dear All!
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed. But Bitcoin is pulling down last the analysis. Although I may be wrong.
BR
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed. But Bitcoin is pulling down last the analysis. Although I may be wrong.
BR
Well, this is your personal assumptions but i don't think you have really monitored and studied the patterns at which the prices of Bitcoin changes. There is no way the market value of Bitcoin will go below $7k. Please spend some time analyzing the market before you make any assumptions.
I good understand about exchange trading in international markets, but I respect you. Apparently you are really versed in trading. I certainly can’t say with such confidence that Bitcoin will not fall below 7000 $. I’m just sure that this is what he will do. Thanks for the advice. Time will tell. Thanks
Dear All!
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed. But Bitcoin is pulling down last the analysis. Although I may be wrong.
BR
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed. But Bitcoin is pulling down last the analysis. Although I may be wrong.
BR
Well, this is your personal assumptions but i don't think you have really monitored and studied the patterns at which the prices of Bitcoin changes. There is no way the market value of Bitcoin will go below $7k. Please spend some time analyzing the market before you make any assumptions.
Did you look at the market right now? the price just drop to $7889 USD on the longforecast site then came back to $8005 USD as we speak,
I am not saying that he is correct but I think he is just making some point that the price really did drop, I guess you can not read that in the chart on the market and maybe we can not see some panic buying that is happening right now, you can not read it on charts the emotions of people and how drama starts but we can surely compare the movements on the preview charts and compare the outcome but the emotional movement and weak hands selling can not be seen on a chart, Maybe he's got a point that in weeks we might see a $7700 mark.
Bitcoin price is under 8000 dollars again now. It looks like there is a possibility that we can see the price between 7700-7800 dollars soon. I think it will continue to accumulate until Bitcoin halving.
Well, this is your personal assumptions but i don't think you have really monitored and studied the patterns at which the prices of Bitcoin changes. There is no way the market value of Bitcoin will go below $7k. Please spend some time analyzing the market before you make any assumptions.
The whole Bitcoin market is based on assumptions otherwise every investor would be killing it in terms of earning money. Looking at the global crisis in the financial sector going on in the world you would have probably assumed that we would see a rise in Bitcoin but the exact opposite of that has happened. So tell me why you aren't a billionaire if you know how to read the market so accurately? Bitcoin could go below Bitcoin there is nothing really stopping it from hitting below that value just as much as its capable of hitting 10k. Dear All!
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed. But Bitcoin is pulling down last the analysis. Although I may be wrong.
BR
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed. But Bitcoin is pulling down last the analysis. Although I may be wrong.
BR
Well, this is your personal assumptions but i don't think you have really monitored and studied the patterns at which the prices of Bitcoin changes. There is no way the market value of Bitcoin will go below $7k. Please spend some time analyzing the market before you make any assumptions.
Looks to me like the perfect time for those feeling that they have missed the ship to go ahead and buy. The more people with this mentality means the lesser of a window people have for buying at this premium price. Get it now before it goes up to $9k+ again.
Now it's 7,800, so maybe you're right
Dear All!
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed. But Bitcoin is pulling down last the analysis. Although I may be wrong.
BR
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed. But Bitcoin is pulling down last the analysis. Although I may be wrong.
BR
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