Bitcoin is going down...now at $7,654.85

barota

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Quote from: Silberman on October 31, 2019, 10:26:28 AM

Quote from: OrangeII on October 27, 2019, 11:35:27 AM

Quote from: Silberman on October 27, 2019, 10:37:40 AM

Some days ago I was predicting a recovery of bitcoin but this is too much, the price went up 3000 dollars in a matter of 24 hours, this is not being back to normal that is a move that is completely out of the ordinary, I only remember seeing movements that large when bitcoin was at the end of the 2017 bubble, and this worries me, is this a sign a bull run bigger than anything we have seen is coming or is this a sign we are at the end of the current recovery and we are about to face another difficult bear market?

for the time being, we need to put aside the bear market and enjoy the pump. this is indeed an extraordinary pump, even a few days ago I felt that the price of bitcoin would reach the level of $ 6000. for now, bitcoin prices have stabilized at $ 9500, and there is a possibility that prices will continue to rise. Even though the pump stops at that price, I think the price recovery will start little by little at this time. I'm pretty sure that in early November, the price of bitcoin can exceed the price of $ 10,000.

While seeing bitcoin going up in price is always nice I cannot have that relaxed attitude, something is happening and trying to determine what is it happening is critical for our future as investors, the charts seem to support the idea the price will stay above 9000 for some time and if the bulls can accumulate enough momentum then we could we another attempt at breaking the 10000 level, if we fail we may see bitcoin closing at 8000, but if we succeed who knows what price we could see at the end of the year.

bitcoin can rise to 10000 usd per btc then if it back to 9000 usd per btc again this does not mean that it need to drop to 8000 per btc usd per btc because of reject resistance 10000 per btc but it can rise from current prices to up 13000 usd per btc
gennerally everyone should not follow short chart for buying bitcoin

Silberman

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Quote from: OrangeII on October 27, 2019, 11:35:27 AM

Quote from: Silberman on October 27, 2019, 10:37:40 AM

Some days ago I was predicting a recovery of bitcoin but this is too much, the price went up 3000 dollars in a matter of 24 hours, this is not being back to normal that is a move that is completely out of the ordinary, I only remember seeing movements that large when bitcoin was at the end of the 2017 bubble, and this worries me, is this a sign a bull run bigger than anything we have seen is coming or is this a sign we are at the end of the current recovery and we are about to face another difficult bear market?

for the time being, we need to put aside the bear market and enjoy the pump. this is indeed an extraordinary pump, even a few days ago I felt that the price of bitcoin would reach the level of $ 6000. for now, bitcoin prices have stabilized at $ 9500, and there is a possibility that prices will continue to rise. Even though the pump stops at that price, I think the price recovery will start little by little at this time. I'm pretty sure that in early November, the price of bitcoin can exceed the price of $ 10,000.

While seeing bitcoin going up in price is always nice I cannot have that relaxed attitude, something is happening and trying to determine what is it happening is critical for our future as investors, the charts seem to support the idea the price will stay above 9000 for some time and if the bulls can accumulate enough momentum then we could we another attempt at breaking the 10000 level, if we fail we may see bitcoin closing at 8000, but if we succeed who knows what price we could see at the end of the year.

BitHodler

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Quote from: Jating on October 30, 2019, 09:04:58 AM

In view of this, I'm seeing another break out run before the end of the year and will finished 2019 with a bang, probably in the range of $10k-$11k, so there's nothing to worry about.

Before the breakout to +$9k I would say that's not likely, but given the changed sentiment and market dynamics, I can see the price at least attempt to close above the $10k mark, which is quite an important psychological barrier.

As you have seen, for months the price pumps and dumps back to the $10k mark, so if we manage to consistently close above it, we might be heading to even higher levels, but we're not there yet so I rather remain conservative.

Currently we're very close to a significant breakout (it will happen within 24 hours), and that move will decide the direction for the rest of the year and probably the months after that.... fireworks guaranteed!

senne

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The first support of $8800 will be tested which I think has enough volume to sustain. If it goes below it, then yes the price will go to the earlier support of $7800 which will be easily reached once $8800 is broken. But i think that is less likely to happen. Price is expected to bounce back from $8800. We need to see the daily close to make any assumption at this point. Resistance of $9650 couldn't be breached. That's why Bitcoin is headed towards the support.

Jating

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Quote from: Silberman on October 27, 2019, 10:37:40 AM

Quote from: freedomgo on October 26, 2019, 07:31:37 AM

Bitcoin going back to $10,000 soon, it hit over $10k today but dropped below but this pump is huge, this means there's a big whale accumulated a big number of BTC because they knew something we don't. I am not gonna bite this pump, I will just enjoy watching it because I am here to hold for long term and I am happy with bitcoin's performance today, we recovered easily, in less than 24 hours everything seem to be back to normal.

Some days ago I was predicting a recovery of bitcoin but this is too much, the price went up 3000 dollars in a matter of 24 hours, this is not being back to normal that is a move that is completely out of the ordinary, I only remember seeing movements that large when bitcoin was at the end of the 2017 bubble, and this worries me, is this a sign a bull run bigger than anything we have seen is coming or is this a sign we are at the end of the current recovery and we are about to face another difficult bear market?

We are still in the recovery, or at least in the accumulation phase before we can go on another bullish ride next year. At least after the massive increase last weekends, bitcoin has somewhat maintained the price around $9k, which is good at a trader stand point.

In view of this, I'm seeing another break out run before the end of the year and will finished 2019 with a bang, probably in the range of $10k-$11k, so there's nothing to worry about.

Taskford

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Quote from: Doell on October 28, 2019, 08:20:14 AM

Quote from: OrangeII on October 27, 2019, 11:35:27 AM

Quote from: Silberman on October 27, 2019, 10:37:40 AM

Quote from: freedomgo on October 26, 2019, 07:31:37 AM

Bitcoin going back to $10,000 soon, it hit over $10k today but dropped below but this pump is huge, this means there's a big whale accumulated a big number of BTC because they knew something we don't. I am not gonna bite this pump, I will just enjoy watching it because I am here to hold for long term and I am happy with bitcoin's performance today, we recovered easily, in less than 24 hours everything seem to be back to normal.

Some days ago I was predicting a recovery of bitcoin but this is too much, the price went up 3000 dollars in a matter of 24 hours, this is not being back to normal that is a move that is completely out of the ordinary, I only remember seeing movements that large when bitcoin was at the end of the 2017 bubble, and this worries me, is this a sign a bull run bigger than anything we have seen is coming or is this a sign we are at the end of the current recovery and we are about to face another difficult bear market?

for the time being, we need to put aside the bear market and enjoy the pump. this is indeed an extraordinary pump, even a few days ago I felt that the price of bitcoin would reach the level of $ 6000. for now, bitcoin prices have stabilized at $ 9500, and there is a possibility that prices will continue to rise. Even though the pump stops at that price, I think the price recovery will start little by little at this time. I'm pretty sure that in early November, the price of bitcoin can exceed the price of $ 10,000.

10,000 at early on November I see that its not enough for now but maybe it will be exactly by looking at the enthusiasm that occurred in the last few days ,my estimating mid on November predict be 10,000 - 12,000 but a slight correction in early November but remember the future might change

I saw the price on by it came to 10,000$+ and provably it will came back since the positive scenery is on bitcoins right now and provably we can see more of it since many people speculates about the bull run coming next year and maybe we can see another ATH which can surpass the current ATH happened on year 2017.

Doell

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Quote from: OrangeII on October 27, 2019, 11:35:27 AM

Quote from: Silberman on October 27, 2019, 10:37:40 AM

Quote from: freedomgo on October 26, 2019, 07:31:37 AM

Bitcoin going back to $10,000 soon, it hit over $10k today but dropped below but this pump is huge, this means there's a big whale accumulated a big number of BTC because they knew something we don't. I am not gonna bite this pump, I will just enjoy watching it because I am here to hold for long term and I am happy with bitcoin's performance today, we recovered easily, in less than 24 hours everything seem to be back to normal.

Some days ago I was predicting a recovery of bitcoin but this is too much, the price went up 3000 dollars in a matter of 24 hours, this is not being back to normal that is a move that is completely out of the ordinary, I only remember seeing movements that large when bitcoin was at the end of the 2017 bubble, and this worries me, is this a sign a bull run bigger than anything we have seen is coming or is this a sign we are at the end of the current recovery and we are about to face another difficult bear market?

for the time being, we need to put aside the bear market and enjoy the pump. this is indeed an extraordinary pump, even a few days ago I felt that the price of bitcoin would reach the level of $ 6000. for now, bitcoin prices have stabilized at $ 9500, and there is a possibility that prices will continue to rise. Even though the pump stops at that price, I think the price recovery will start little by little at this time. I'm pretty sure that in early November, the price of bitcoin can exceed the price of $ 10,000.

10,000 at early on November I see that its not enough for now but maybe it will be exactly by looking at the enthusiasm that occurred in the last few days ,my estimating mid on November predict be 10,000 - 12,000 but a slight correction in early November but remember the future might change

Obito

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Quote from: CryptoBry on October 23, 2019, 08:11:32 AM

I am not actually expecting this because I was thinking that if Bitcoin can go higher than #8,300 then it will be moving sideways in the next few days. Today, Bitcoin plummeted to lower than its support level and is standing at $7,654.85 per CoinMarketCap figures. The whole cryptocurrency market is on the decline and is painted with red juice color.

Where is the next direction of Bitcoin is everybody's guess but I am a firm and strong believer with this coin that I am predicting that it can in hours be heading south. I am still inclined to believe in many analysts' prediction of it to soon breakout the $8800 zone.

Am I just over optimistic and blinded by things happening the market today?

Just a bunch of whales trippin' around selling a lot of bitcoin though. I am no analyst but I am quite sure (not so sure) a little bit sure. This sudden pump up may be did by those whales, and as they finished what they did here we go, back at it again to what must be the price of crypto without them trippin'. Not blaming them but I am just being calm towards this. But who am I to say this, in the end no one still knows.

OrangeII

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Quote from: Silberman on October 27, 2019, 10:37:40 AM

Quote from: freedomgo on October 26, 2019, 07:31:37 AM

Bitcoin going back to $10,000 soon, it hit over $10k today but dropped below but this pump is huge, this means there's a big whale accumulated a big number of BTC because they knew something we don't. I am not gonna bite this pump, I will just enjoy watching it because I am here to hold for long term and I am happy with bitcoin's performance today, we recovered easily, in less than 24 hours everything seem to be back to normal.

Some days ago I was predicting a recovery of bitcoin but this is too much, the price went up 3000 dollars in a matter of 24 hours, this is not being back to normal that is a move that is completely out of the ordinary, I only remember seeing movements that large when bitcoin was at the end of the 2017 bubble, and this worries me, is this a sign a bull run bigger than anything we have seen is coming or is this a sign we are at the end of the current recovery and we are about to face another difficult bear market?

for the time being, we need to put aside the bear market and enjoy the pump. this is indeed an extraordinary pump, even a few days ago I felt that the price of bitcoin would reach the level of $ 6000. for now, bitcoin prices have stabilized at $ 9500, and there is a possibility that prices will continue to rise. Even though the pump stops at that price, I think the price recovery will start little by little at this time. I'm pretty sure that in early November, the price of bitcoin can exceed the price of $ 10,000.

Silberman

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Quote from: freedomgo on October 26, 2019, 07:31:37 AM

Bitcoin going back to $10,000 soon, it hit over $10k today but dropped below but this pump is huge, this means there's a big whale accumulated a big number of BTC because they knew something we don't. I am not gonna bite this pump, I will just enjoy watching it because I am here to hold for long term and I am happy with bitcoin's performance today, we recovered easily, in less than 24 hours everything seem to be back to normal.

Some days ago I was predicting a recovery of bitcoin but this is too much, the price went up 3000 dollars in a matter of 24 hours, this is not being back to normal that is a move that is completely out of the ordinary, I only remember seeing movements that large when bitcoin was at the end of the 2017 bubble, and this worries me, is this a sign a bull run bigger than anything we have seen is coming or is this a sign we are at the end of the current recovery and we are about to face another difficult bear market?

freedomgo

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Bitcoin going back to $10,000 soon, it hit over $10k today but dropped below but this pump is huge, this means there's a big whale accumulated a big number of BTC because they knew something we don't. I am not gonna bite this pump, I will just enjoy watching it because I am here to hold for long term and I am happy with bitcoin's performance today, we recovered easily, in less than 24 hours everything seem to be back to normal.

alexsandria

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Quote from: CryptoBry on October 23, 2019, 08:11:32 AM

I am not actually expecting this because I was thinking that if Bitcoin can go higher than #8,300 then it will be moving sideways in the next few days. Today, Bitcoin plummeted to lower than its support level and is standing at $7,654.85 per CoinMarketCap figures. The whole cryptocurrency market is on the decline and is painted with red juice color.

Where is the next direction of Bitcoin is everybody's guess but I am a firm and strong believer with this coin that I am predicting that it can in hours be heading south. I am still inclined to believe in many analysts' prediction of it to soon breakout the $8800 zone.

Am I just over optimistic and blinded by things happening the market today?

Ain't no bull run as for today. It is just as majority stated did by whales may be.

You're not being over optimistic though it is just you're a bold believer on the potential of bitcoin. Anyways, this thing happened a long time ago as well not so sure but I guess in a span of October and December. Pump came in October then it came around November and bull run came in December [please correct me if I got it wrong]. With such happening it might be repeated, as a famous saying history repeats itself, so who knows that it might happened to crypto as well right?

victoria444

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Well as you can see now that as of my writing, Bitcoin has risen and LEDU EOS and Vechain with it. The market is interesting isn't it?

BigBos

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right now the price of bitcoin is back in the pump, and it is at $ 8,300, to be honest, this time makes me excited. within a few hours, the price of bitcoin goes to $ 8k from $ 7k. it is truly extraordinary.

I think the dump that happened a few days ago is like a bonus for investors, I think there are already enough people who return to stock when the price of bitcoin is at the level of $ 7k. bitcoin is still possible to have a price of $ 9k. Forget the dump for a moment, and focus separately for now Cheesy

bitgolden

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That is a volatile market for you, it would not always align with our thoughts sometimes because of various fundamental factors that we will just see come into the market at any time, which could be a favorable one or could be one that is not favorable.

Like this dip now, I never expected it too to happen, because I am someone that reads news a lot and I must tell you that there was no news that I think would have sent panic to some of the investors that we have that are not strong for them to have start withdrawing their coin from the market, but I think this is just a dip by the whale which should not call for alarm, we just need to be patient and then buy more if we can, there will be a major breakout soon.

SummerBliss

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See its the nature of btc that it is too volatile and prices fluctuates from $100-$200 within few seconds as they have dropped now but soon they recover as pump is gain in the market.So we don't need to get panic over such normal drops in prices but hold our btc for long term when we are going to see halving next year bull run will hit the market and then prices will reach all time high and will cross $20k that time.Don't worry anything and stay calm under these times.

ReiMomo

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Quote from: shoreno on October 25, 2019, 02:43:13 AM

Quote from: danherbias07 on October 25, 2019, 01:51:37 AM

Quote from: CryptoBry on October 23, 2019, 08:11:32 AM

Am I just over optimistic and blinded by things happening the market today?

How about pessimistic?
Somehow you are being driven by the wave down and all we could see in threads here are negativity about bitcoin.
You already have the answer to your question there. It is unexpected. Now, there might come another wave up. We can just speculate but doesn't really know where it is going.
Still I am optimistic with what is happening. This could just be another bump to bitcoin success.

yeah in every succes there will always be failure thay will occur and here it is now. after this dump/correction btc will now again bloom . that happen because people will invest on this dip or some whales are going to manipulate it in a pumped manner . we shouldn get blinded by this truth but lets be brave and face it . being optimistic is also a good trait to adapt on this kind of situation so that we can continue what we started . goodluck to all

This is what I had noticed in bitcoin price movement when it has a small correction it will bounce back after how many weeks. So, I didn't worry if the bitcoin price will drastically down as long as I know how to hold for a while. I have doubt after a few weeks the price will surge back again in the market. Especially we are now in the last quarter of the year expecting price going up and the event of the next halving was almost there.

shoreno

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Quote from: danherbias07 on October 25, 2019, 01:51:37 AM

Quote from: CryptoBry on October 23, 2019, 08:11:32 AM

Am I just over optimistic and blinded by things happening the market today?

How about pessimistic?
Somehow you are being driven by the wave down and all we could see in threads here are negativity about bitcoin.
You already have the answer to your question there. It is unexpected. Now, there might come another wave up. We can just speculate but doesn't really know where it is going.
Still I am optimistic with what is happening. This could just be another bump to bitcoin success.

yeah in every succes there will always be failure thay will occur and here it is now. after this dump/correction btc will now again bloom . that happen because people will invest on this dip or some whales are going to manipulate it in a pumped manner . we shouldn get blinded by this truth but lets be brave and face it . being optimistic is also a good trait to adapt on this kind of situation so that we can continue what we started . goodluck to all

danherbias07

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Quote from: CryptoBry on October 23, 2019, 08:11:32 AM

Am I just over optimistic and blinded by things happening the market today?

How about pessimistic?
Somehow you are being driven by the wave down and all we could see in threads here are negativity about bitcoin.
You already have the answer to your question there. It is unexpected. Now, there might come another wave up. We can just speculate but doesn't really know where it is going.
Still I am optimistic with what is happening. This could just be another bump to bitcoin success.

AliMan

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Quote from: watergold on October 24, 2019, 10:50:46 AM

Quote from: Murat on October 23, 2019, 09:34:42 AM

I wasn't expecting $7475 right now. Though as I predicted earlier this month looks like Bitcoin failed to hold the price & now it looks like we're going below $7000 in few weeks. We might see another downtrend to below $6k but not sure if we test below $5k again or not. The market condition is not very good right now. I don't understand how could price crash $700 in just 30 Minutes. It looks like a group of people controlling the market. The volatility of the bitcoin market always scars off the real investors. I would avoid trading for now and move to a stable coin. Surprisingly Altcoin market looks good at this recent market.

Is the whale controlling the current decline in the price of bitcoin? I can't believe that bitcoin will return as in April it hurts the lowest price, bitcoin at this time $ 7,486 could go down to as low as $ 7k but I think touching to $ 6k is too far to predict.

Many people didn't expect this to happen, bitcoin reached at worst situation while we're moving forward to next month of November. All predictions tend to become reversal actions as per reality breaks its silent undertakings. However, the community feedback still stayed stronger on their principles and remained solemn on their stand against the current market fall, market recovery was their only hope to sustain more months holding valuable asset bitcoin.

Topic: Bitcoin is going down...now at $7,654.85 (Read 728 times)