Bitcoin can drop again 7K zone. - page 4.

ibuddy122505

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Quote from: EdenHazard on May 13, 2018, 09:07:43 AM

All I know, bitcoin price is not determined by chart or data, but bitcoin price will be more determined by cause.

There is a 'cause' factor of bitcoin rising and bitcoin going down, for traders who earn a profit in the red zone just play a little. But if there is some news that will determine the price of bitcoin up and down they will play with a large so it will more affect the volume.

We will look at bitcoin prices in the next week, focusing on fundamental factors as it will greatly affect price changes.

Absolutely unrelated. It's totally under control of a few whales, that's the bitter truth. It's proved whenever BTC tries to make a run up, somehow new FUD will appear. Damn sure if it wasn't for all the FUD BTC would be over $20k. Yes, most necessary improve our analytical skills. Hopefully pulls back soon.

Pritt

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Market is taken ovet by bulls and they can drop price down to $7000-7500 easily, if so, hope BTC will show some resistance and won't go down too fast. I feel support at 6500-7000$ mark will be huge and after that rates will go up eventually

EdenHazard

legendary

Activity: 2674

Merit: 1048

All I know, bitcoin price is not determined by chart or data, but bitcoin price will be more determined by cause.

There is a 'cause' factor of bitcoin rising and bitcoin going down, for traders who earn a profit in the red zone just play a little. But if there is some news that will determine the price of bitcoin up and down they will play with a large so it will more affect the volume.

We will look at bitcoin prices in the next week, focusing on fundamental factors as it will greatly affect price changes.

godfredmanu

member

Activity: 266

Merit: 10

Bitcoin getting back to $9000 usd in next week seems not possible considering the price is trading now. I think by next week it will be around 7500 and it will take another 2 week ,probably first week of june before it gets back to $9000.

xuv500

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Merit: 11

I think there is some correction happening in Bitcoin and the current price may not go down beyond that it seems. You may saw the last 3 to 4 weeks price trend and it is slow and steady price rise, the standard price rise will not come down that much quick. We can expect the price rise from tomorrow and before this month end Bitcoin may reach $11000 is my prediction.

sainaselalisa

newbie

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Yes, I also believe that Bitcoin will grow upto 9k zone. But i don't think that it is going to happen by the next week. I guess it might take 3-4 weels for that to happen.

Aikidoka

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Activity: 1078

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It really pisses me off because the price has dropped. I did not expect that. I was sure that the price has recovered and that either it remained stable or it increased. But it got me. The price really is unpredictable. And then you see experts wannabe saying that the price will reach $10k very soon. Anyway, I am still optimistic about it and I hope it will grow up again. I am still going to support it even if it continues to drop.

davislindany

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It might happen. From last few days we have got some news that is going against bitcoin. And it is highly affecting its demand in market. As a result, price drop is not a surprise. But hopefully it will be for a short time.

batang_bitcoin

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Quote from: The Cryptovator on May 11, 2018, 09:18:22 AM

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

Good thing that bitcoin didn't fall to 7k zone as we can see it's trying to recover the losses it got from this event. I'm not only hoping that bitcoin will grou back to $9,000 but I'm expecting more it.

Quote from: davislindany on May 12, 2018, 03:09:33 PM

It might happen. From last few days we have got some news that is going against bitcoin. And it is highly affecting its demand in market. As a result, price drop is not a surprise. But hopefully it will be for a short time.

It's all over the year, FUDs, bad news, expect it to come. Not everybody likes bitcoin and is an enthusiast of it. But wait until the consensus conference, I think we might get some good news about it. I thought after the G20 summit we'll finally recover but it isn't enough.

cryptovally01

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I don't think bitcon will drop again to 7k zone because it is not something that will happen easily untill any negative thing occurs that make the traders panic sell. Without this bitcoin has gained lot of consensus nowadays.
I believe that bitcoin will soon rise again and it will be in 10k zone.

lablab03

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Quote from: The Cryptovator on May 11, 2018, 09:18:22 AM

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

we have no strong evidence on this situation, what i mean there's no negative news to break bitcoin price or any causes than can make bitcoin price to decrease gradually , maybe a correction of price IMO which a temporary dump then after this it will continue to soar and surpass 10k.

marcbitcoins

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Quote from: Daniel91 on May 11, 2018, 09:26:59 AM

I think that the current drop in btc price is because of Mt. Gox Wallet case.
Bitcoin will recover again, as always and eventually cross 10 k psychological barrier.
After that, everything is possible.
I don't think that btc will drop back to 7k again.

Very true it was Mt.Gox again here is the link https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/. They say that Mt.Gox has 140000 Bitcoin left at their disposal but i don't have the links to confirm if this is true because if this is true and they will sell the whole amount then Bitcoin for sure will go down to $4,000. I don't want to spread FUD but i just want to make fellows to be aware and should always monitor the market to avoid losses.

Baofeng

legendary

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Let's see if you we are going to see $7K again. This week was very scary for us and the price keeps dropping significantly after almost getting into the $10K mark. There are news circulating that the Mt. Gox trustee started to transfers coins that's why the market just reacted negatively again on his actions. Right know the price is moving towards $8500 from as low as $8200 12 hours ago.

HatakeKakashi

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Last month the price of the bitcoin decreased at $7000 and this month of MAY the price already reached 10k dollars but today the price decreasing again and now $8400 is the price. We don't know until when again the price of the bitcoin decreased maybe this week or until next week but I hope as soon as possible the price of the bitcoin again will pump just need to be patient.

Inkdatar

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Quote from: faatipoke on May 11, 2018, 05:47:22 PM

Quote from: The Cryptovator on May 11, 2018, 09:18:22 AM

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

yes this prediction is totaly possible in terms of technical. Even this happens bitcoin still be in uptrend. These are the last shake outs in the market. Bitcoin price will reach new ath later this year.

It is possible price of bitcoin will decline again nothing is possible in this market that unstable. I think price will grow up again to $9k. I am optimistic it can hit again once good news occur in crypto more users comes to bitcoin.

faatipoke

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Quote from: The Cryptovator on May 11, 2018, 09:18:22 AM

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

yes this prediction is totaly possible in terms of technical. Even this happens bitcoin still be in uptrend. These are the last shake outs in the market. Bitcoin price will reach new ath later this year.

Slow death

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Quote from: The Cryptovator on May 11, 2018, 09:18:22 AM

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

apparently you have been frustrated with this price decline, but you have already read the news about the probable reason why the price of bitcoin fell so we will keep calm and be patient because the price will always fall and rise depending on the good news or bad news., about if the price will rise to 9000 next week, I do not think it's possible to determine this... the price can also fall to less than $8000, $7000 or even $6000

coinluisa

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Quote from: The Cryptovator on May 11, 2018, 09:18:22 AM

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

We need more patience to this volatile price if bitcoin and hoping that bitcoin will not drop in 7k because it will be bloody again the market and many people will be disappointed again because of this situation. As of now the best we can do is continue to buy bitcoin.

HaXX0R1337

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Quote from: Crypdon on May 11, 2018, 11:44:28 AM

This is just whale manipulation, dropping the price due to a small amount of negative news expecting others to do the same. When they realise that mt gox will trade otc the market will pump back up again. Some easy gains for the market manipulators

I do really think that the market went down simply because it was not able to break the resistance level and may be there is a sell off from Mt Gox i am not aware of it but they have moved a large amount of coins and may be that is reflected in the market.

MFY151

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Quote from: The Cryptovator on May 11, 2018, 09:18:22 AM

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

I think it could happen specially that it goes now to $8400 though I still don't want to see red market I guess I could still benefit by it if it actually manages to crash so much up to $7000 then I guess I could buy additional bitcoins to maximize the profit along with its recovery.

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