bitcoin could be 6000$ soon give us your opinion - page 3.

fabiorem

sr. member

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Ok. This chart shows bitcoin going to $3500 by 25 june 2020:

However, the bear movement is trying to break the lower red line in the chart, which could cause a reversal.
The green line shows where this reversal could possibly happen.
The faster bitcoin price falls, the more likely to have a reversal on the current trend.

Silberman

legendary

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Quote from: pixie85 on December 15, 2019, 06:35:03 PM

Let's say it does go to 6000, It's a completely fine level that historically held strong. Also, this level is sustainable only until halving because right now most miners have to be above 6000 to remain profitable. Maybe some Chinese miners can go down to 5000, that's it.

So what's the worst thing that can happen? We'll go to 5000-6000 range for another 4 months? UUU scarry. I saw the drop to 3000 and held so I don't care.
I'm sure we'll see 10 thousand again this year so have some fiat ready to buy the dip.

The price at which the miners need to sell their coins in order to remain profitable has nothing to do with what the price actually does, there have been several instances in the past in which the price of bitcoin was lower than the price it took the miners to mine their coins, however I agree with you when you say that such a drop is not going to impress me at all, because I was also one of the people that held his coins until this point and such levels do not really scare me.

Wexlike

legendary

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Big long squeeze or do they know something we don't ?

That is a live Bitfinex btc longs chart vs BTC/USD https://www.tradingview.com/chart/4p3ngrfn/

enhu

legendary

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Quote from: wheelz1200 on December 16, 2019, 04:46:47 PM

It has never been considered a "safe" market. Of course crypto price short term is pure speculation. Dont read technical analysis for bitcoin and think it will hold true. As with anything else dont put in more than you can afford to lose. (Still the most badass market to put money in on Cheesy

)

There is no option left for a bitcoin holder but to rely on reading charts because every body does it and and fud are stronger when it comes to sending a message about dumping. When they say its price is going below $6k, it will likely to happen because some have to dump in order to buy back and earn few BTC after.

Quote from: kotajikikox on December 17, 2019, 09:18:12 AM

Quote from: WHellscryp on December 09, 2019, 12:35:08 PM

hello we all see a few movement Indicate that btc will go down to 6k is this possible what would be your opinions

it is and it does,check the price again now https://coinmarketcap.com/ it is clear that we are at 6$k dollar level again.
some says sell?while i say buy.
we are near to what we are all waiting season and that is on May,so selling is not a good idea instead Buying is perfect timing.

There are users doubting that season would come and they see LTC as an example of what had happened. LTC holders expect halving to make its price to go up but its the opposite that happen which could also happen in BTC.

kotajikikox

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Quote from: WHellscryp on December 09, 2019, 12:35:08 PM

hello we all see a few movement Indicate that btc will go down to 6k is this possible what would be your opinions

it is and it does,check the price again now https://coinmarketcap.com/ it is clear that we are at 6$k dollar level again.
some says sell?while i say buy.
we are near to what we are all waiting season and that is on May,so selling is not a good idea instead Buying is perfect timing.

STT

legendary

Activity: 4102

Merit: 1454

Poor reaction to moving averages for week and last couple of days, we ended up at previous closing lows of November end :

A trend repeated has good precedent to keep reoccuring but also at the lows we do have support before the level such as 6000. At present it does not seem it will reverse or change its negative bias.
I would actually favour 5000 to 5555 area as an idea if we slip it must find a foothold then to hold as support.

OrangeII

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Reward: 10M Shen (Approx. 5000 BNB) Bounty

Quote from: FairUser on December 16, 2019, 11:56:02 AM

Most likely we will see BTC at 5000$ in the next few months, Even after halving, the price of BTC may drop. I am not too optimistic about the market next year because most of the old investors have left this market, I am waiting for Bitcoin's final price increase of 10,000$ and will leave it to invest in something else

You might need to be a little optimistic about the price of bitcoin. as far as I think, I feel that this month is the worst point for bitcoin. Besides that, I also think that in 2020, people will compete to have bitcoin preparation for halving later, so the price will rise. if there is a potential for the price of bitcoin to fall to $ 5,000, this month could be the biggest possibility.

owengtam09

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Quote from: WHellscryp on December 09, 2019, 12:35:08 PM

hello we all see a few movement Indicate that btc will go down to 6k is this possible what would be your opinions

Bitcoin is slowly dropping and I guess it will drop even more because of holiday season, I think there is a lot of us right now is slowly selling their btc at the moment. As I observe the btc value every end of the year is always at the downtrend and it is just normal with me.

wheelz1200

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Quote from: micro4lpha on December 16, 2019, 04:40:50 PM

Quote from: enhu on December 16, 2019, 04:28:08 PM

The bears win, I guess there will be no $10K this year end. I have a feeling that this will continue to go on even after halving. BTC is pretty much being drag to the ground and so do you think this is because of the BAKKT that seem its traders were shorting when in reality there isn't real BTC involve? I'm curious if this is affecting the market, then there isn't really a safe market right now for any cryptocurrencies.

I don't think the cryptocurrency market is any safe or has been safe at all. It's pure speculation and manipulation.

It has never been considered a "safe" market. Of course crypto price short term is pure speculation. Dont read technical analysis for bitcoin and think it will hold true. As with anything else dont put in more than you can afford to lose. (Still the most badass market to put money in on Cheesy

)

micro4lpha

newbie

Activity: 17

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Quote from: enhu on December 16, 2019, 04:28:08 PM

The bears win, I guess there will be no $10K this year end. I have a feeling that this will continue to go on even after halving. BTC is pretty much being drag to the ground and so do you think this is because of the BAKKT that seem its traders were shorting when in reality there isn't real BTC involve? I'm curious if this is affecting the market, then there isn't really a safe market right now for any cryptocurrencies.

I don't think the cryptocurrency market is any safe or has been safe at all. It's pure speculation and manipulation.

enhu

legendary

Activity: 2492

Merit: 1018

The bears win, I guess there will be no $10K this year end. I have a feeling that this will continue to go on even after halving. BTC is pretty much being drag to the ground and so do you think this is because of the BAKKT that seem its traders were shorting when in reality there isn't real BTC involve? I'm curious if this is affecting the market, then there isn't really a safe market right now for any cryptocurrencies.

exstasie

legendary

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Quote from: talks_cheep on December 16, 2019, 03:54:48 PM

Looks like it's happening, a slow slide down to 6000 and below. Pure manipulation by whales and early adopters, a greedy bunch.

It looks an awful lot like the October decline to $7,300 (before the spike to $10,500). I can't help but wonder if we'll get a similar "spring" off lower lows this time. The entire downtrend since June has been riddled with this sort of choppy price action, running everyone's stops before reversing. I wouldn't be surprised if the market tagged the $6K area but then quickly reversed back to the $8,000+ range.

talks_cheep

legendary

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Looks like it's happening, a slow slide down to 6000 and below. Pure manipulation by whales and early adopters, a greedy bunch.

Fatunad

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Quote from: FairUser on December 16, 2019, 11:56:02 AM

Most likely we will see BTC at 5000$ in the next few months, Even after halving, the price of BTC may drop. I am not too optimistic about the market next year because most of the old investors have left this market, I am waiting for Bitcoin's final price increase of 10,000$ and will leave it to invest in something else

Do you have any reliable reference to your claim that old investors have already left the crypto market? And what would be their valid reasons? I am not also too optimistic with a big rise soon but I have different reason. Because the market manipulators does not want to have a good price but they want lower price to buy in.

stomachgrowls

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Quote from: WHellscryp on December 09, 2019, 12:35:08 PM

hello we all see a few movement Indicate that btc will go down to 6k is this possible what would be your opinions

I never expect that we would go down below 7k for this last days of 2019.The price of btc as of this writing is $6893 on preev.com and still tanking and have minimal movement atm.

$6k price is easy to attain if this drop would continue.I havent seen any news that can possible affect the market but well it isnt a new thing yet these unexpected fluctuations is just a typical day on crypto
but its just quite odd to happen on last days of this year which proves out that theres no such patter than you can rely on if you do tend to look on past price movements.

FairUser

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Most likely we will see BTC at 5000$ in the next few months, Even after halving, the price of BTC may drop. I am not too optimistic about the market next year because most of the old investors have left this market, I am waiting for Bitcoin's final price increase of 10,000$ and will leave it to invest in something else

bobitza

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Activity: 560

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Quote from: WHellscryp on December 09, 2019, 12:35:08 PM

hello we all see a few movement Indicate that btc will go down to 6k is this possible what would be your opinions

Actually, Bitcoin has recently dropped too much. Causing great losses to those who speculate. Other cryptocurrencies are also affected. Bitcoin dominates very strongly in the digital currency market. Making prices rise or fall depends on Bitcoin.

bitzizzix

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Enjoy 500% bonus + 70 FS

The current price of bitcoin is around $ 7,000 and the decline to $ 6000 in my opinion is very close and there is a possibility it could happen before the turn of the year, the current bitcoin movement is very difficult to predict which makes investors hesitate to act.
I hope that the decline in bitcoin will only happen once more and will be an opportunity for me to make a purchase then increase gradually to reach the highest price.

Rasa nanas

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at the moment I still don't have any views on the price of bitcoin. but I am very sure if the price of bitcoin will remain stable until the end of the year. at the moment I still refrain from buying bitcoin because bitcoin still has the possibility to go down to the price of $ 6k.

Aying

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Quote from: WHellscryp on December 09, 2019, 12:35:08 PM

hello we all see a few movement Indicate that btc will go down to 6k is this possible what would be your opinions

As long as there is a negative news at the end of the month or year there is possible that the price will goes down to $6k. the trend of the market are at a high risk that all investor are afraid to invest at this time so every user now are preparing for the worst and getting ready to buy at a very dip. every each user here are enjoying the dip and waiting for the moment.

Topic: bitcoin could be 6000$ soon give us your opinion - page 3. (Read 1567 times)