Topic: Bitcoin hits a new low since 2016 (Read 468 times)
We seem to be out of the hole, and not likely to hit such low again,bitcoin is testing a new resistance level of above 6800$, breaking through may signal in the bulls.
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The current bitcoin price is 6750$. Compared with 2016, the current bitcoin price is 10 times higher. Why you set the title is the lowest since 2016. Compared to the peak in December 2017, the bitcoin price is now three times lower. But it is still high compared to previous years. So current Bitcoin will not be considered collapsed. That is just a correction before the growth in the next years
Only time will tell what will unfold in the next few months.
Bitcoin has a growing volatility. Bitcoin's biggest and smallest value deviated by more than $ 10,000
This year in this month we were with lowest value which was 5.8k dollar but right after that yesterday we saw a better increase in value as it rose up form 5.8k dollar to 6.5k dollar which changed the negative perceptions into positive. People who invested in the lowest market are now in profit and they can sell anytime to make profit but if they are productive then they will wait for more increase.
I dont think bitcoin will fall more than this...if this will happen and the bitcoin fall to under 5500$ you will be maybe sure that somthing not good will happen 
When bitcoin hits low further I still am positive it can recover. Bitcoin fall further to what we expects yet I am positive that price will further show some good moves. However, it is not forever hitting low it will go up. Bitcoin is having a free fall after it's price skyrockted last December 2017. The question now is will it continue to crash?
Only time will tell what will unfold in the next few months.
https://www.coindesk.com/oversold-price-bitcoins-rsi-just-hit-its-lowest-level-since-2016/
The price now is starting to show some positive increase though not that as what we expected but this is a good sign i hope it will continue to rise and until the end of these year.Only time will tell what will unfold in the next few months.
https://www.coindesk.com/oversold-price-bitcoins-rsi-just-hit-its-lowest-level-since-2016/
Bitcoin is having a free fall after it's price skyrockted last December 2017. The question now is will it continue to crash?
Only time will tell what will unfold in the next few months.
https://www.coindesk.com/oversold-price-bitcoins-rsi-just-hit-its-lowest-level-since-2016/
The price now is starting to show some positive increase though not that as what we expected but this is a good sign i hope it will continue to rise and until the end of these year. Only time will tell what will unfold in the next few months.
https://www.coindesk.com/oversold-price-bitcoins-rsi-just-hit-its-lowest-level-since-2016/
I dont think bitcoin will fall more than this...if this will happen and the bitcoin fall to under 5500$ you will be maybe sure that somthing not good will happen
yes we all will see after the last few days if it continues to decline then some investors will be disappointed, many people do not sell their tokens after reaching almost 10k.
yes, as for now what we should maybe all this is doing is we try and be patient waiting for bitcoin to achieve a high price. we think next month think and we will come again the history of the value of bitcoin currency in the market.
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Yeah, that's worrying. I do think that it would be better by the end of 2018 but all of my earlier predictions didn't come true so I am not sure what is gonna happen next.
I guess that we are now can see that bitcoin has much time to increase back especially in this month because we see the lower price, the price now starts to increase again. right now, bitcoin price increase since the last week and I think it will like this or will increase more in this week. the price seems will stay in the $6k level price because I see that it is up until $6,6xx and it is down until $6,5xx and it happens like this in today.
Bitcoin has a growing volatility. Bitcoin's biggest and smallest value deviated by more than $ 10,000
Yeah, that's worrying. I do think that it would be better by the end of 2018 but all of my earlier predictions didn't come true so I am not sure what is gonna happen next.
That is the price point for early 2016, but bitcoin is comparable in 2012 with 2017, Bitcoin has increased the number of times it.
finally, we reach $5838 and still downing for now. the number of $5600 appears and maybe it will down until that price so be careful. I see that the downtrend is coming again after it's increasing for a while in a few hours ago. don't panic is the key to survive in this situations and check the market before you decide to enter the market. we know that this is the hard situations but we still need to stay calm to anticipate every possibility that might happen.
It is hard for many of the investors to see their portfolio is falling but they have to understand that they won't lose anything until they sell them.Finally the prices came back below $6000 which was a strong resistance point for too long so we may see the result for this downtrend soon.First, it is not at its lowest level in 2017. 
In 2017, the price of bitcoin was only about $2,000, so the current price is still many times the profit.
Yes the title is misleading so OP change the tittle into appropriate one.Still the price is higher than the beginning price of 2017. In 2017, the price of bitcoin was only about $2,000, so the current price is still many times the profit.
Bitcoin market is really crazy, money burning like candle while I continue to hodl waiting for Market to recover, really this market is unpredictable no matter how prominent you are in the cryptospace. Only time will tell
Bitcoin is having a free fall after it's price skyrockted last December 2017. The question now is will it continue to crash?
Only time will tell what will unfold in the next few months.
https://www.coindesk.com/oversold-price-bitcoins-rsi-just-hit-its-lowest-level-since-2016/
Only time will tell what will unfold in the next few months.
https://www.coindesk.com/oversold-price-bitcoins-rsi-just-hit-its-lowest-level-since-2016/
Percentage Wise yes ,the price have been free falling from the all time high of $20,000 to the $6,000 area that is more than a 100% but price wise it is not the lowest. Now for the question the $6,000 area is the best support area we have. It have been tested multiple times and also being tested as of the moment. It seems that still the $6,000 support is holding. I do not think that it will continue to crash but I think it will take some time to recover from this crash price.
It think you miss something about the % , the dip is only 70% down which is $6000 area, but to the dip I think we still have more dip to go like 80% down which is $4000 area and if you look at last year trend before it finally run bull $4000+ was resistance which downtrend to 2900 area and when it break the $4k area it bull run has been marvelous with little correction in just like 3-7 days and pick again so I think now is the main correction for those fast track bull to the area of $4+ my thinking though.
I don't think that it is the lowest price sincr 2016 because it hits below $3000 last year so basically it is still not the lowest price of bitcoin since 2016. Maybe it will continue to fall due to some people still selling their bitcoin eventhough they losing their money. But it will be a good time to buy for whales since the price is still low.
How it calculated, price low in percent of drop.
Some peoples saying what crisis was in 98 2008 and will be in 2018
Some peoples saying what crisis was in 98 2008 and will be in 2018
First, it is not at its lowest level in 2017.
In 2017, the price of bitcoin was only about $2,000, so the current price is still many times the profit.
In 2017, the price of bitcoin was only about $2,000, so the current price is still many times the profit.
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