Topic: Bitcoin price hits $9678: What to expect? (Read 514 times)
Why all of this precision( $9678 )? that's weird, and of course Bitcoin can easily reach $ 9k in the near future now the current price is under $8K due to the affect of Corona virus on the whole market and even the world economy. Otheriwse, I guess Bitcoin's price will rise significatly after few weeks, possibly it will reach $ 11K in next month, because I don't really thing that during this month we are not going to see a good progress in Bitcoin.
This crash wasn't really unexpected, corrections aside this looks like something bigger but was expected by the public so we are not really the result of the price but the cause of the price. If enough people keep saying stuff like "there will be a fall" there will actually be a fall because those people sell and when they sell the price drops and when price falls there are more people selling and the price falls some more in an endless cycle until it reaches the bottom.
We should start to expect some sort of increase nowadays because the bottom is already here and support is very very strong at these levels and we are definitely not going to see anything lower, I can't guarantee anything higher anytime soon neither but when price stops going down, it usually starts going up.
We should start to expect some sort of increase nowadays because the bottom is already here and support is very very strong at these levels and we are definitely not going to see anything lower, I can't guarantee anything higher anytime soon neither but when price stops going down, it usually starts going up.
In my opinion, this is not the bottom yet and it is not the end of price drops. Real panic on global stock exchanges has not yet begun. Horror for investors will start as the first reports for the first three months of this year appear. International transport is slowed down, so delays in deliveries will begin. Prices of everything will start to fall even harder. I think that cryptocurrency investors will follow the global trend and will also escape to fiat currency. The $5k level is closer than we think.
This crash wasn't really unexpected, corrections aside this looks like something bigger but was expected by the public so we are not really the result of the price but the cause of the price. If enough people keep saying stuff like "there will be a fall" there will actually be a fall because those people sell and when they sell the price drops and when price falls there are more people selling and the price falls some more in an endless cycle until it reaches the bottom.
We should start to expect some sort of increase nowadays because the bottom is already here and support is very very strong at these levels and we are definitely not going to see anything lower, I can't guarantee anything higher anytime soon neither but when price stops going down, it usually starts going up.
We should start to expect some sort of increase nowadays because the bottom is already here and support is very very strong at these levels and we are definitely not going to see anything lower, I can't guarantee anything higher anytime soon neither but when price stops going down, it usually starts going up.
What to expect? Right now, we are hoping to see the bitcoin price to increase back and break $9k again. But unfortunately, it seems this day still not showing that the price can increase. The trend seems to want to go down for more because the red candle still appears and going strong in the market. We don't know if tomorrow, the price can back to the higher price or not, but we can hope that tomorrow will give us a chance to see the price increase back. Now, the price is at $8700, and we don't know what will happen in the next hour.
You are right, it looks like we need to wait for few more days to see a massive change in BTC. The rally which was showing some remarkable effect from the past two months is not performing again, The Benchmark of BTC is struggling to recapture it's previous position but believe me BTC is about to make a strong movement as halving is a biggest hope for this crypto community and I hope it will not disappoint us.
Personally I had predicted a crash towards 8k$ range a week ago as there were light buying support on key levels so the effect of it was the Bitcoin price to be dropped on this area. Now , it seems we have a medium buy support who is holding well for now and another waiting at 7.8$ in case we drop even more in the next days. What to expect ? Anything can happen.
As you say, anything can happen, lot of people will see this as a good opportunity to buy some BTC, so, that should be a reason to see it going up again. A lot of people are losing tons of money with this 20% crash in the past weeks. So, let the newbies join and backup the markets.
If someone invests in the long term, almost every moment of purchase will be good. However, in my opinion, this is not the end of price drops and by the end of March I expect to see even $5k. It was too early to start with the bull run. I think price increases will start at the end of 2020 - few months after halving.
Personally I had predicted a crash towards 8k$ range a week ago as there were light buying support on key levels so the effect of it was the Bitcoin price to be dropped on this area. Now , it seems we have a medium buy support who is holding well for now and another waiting at 7.8$ in case we drop even more in the next days. What to expect ? Anything can happen.
As you say, anything can happen, lot of people will see this as a good opportunity to buy some BTC, so, that should be a reason to see it going up again. A lot of people are losing tons of money with this 20% crash in the past weeks. So, let the newbies join and backup the markets.
there is a lot of panic going on in the market and a lot of FUD being spread trying to scare people with the coronavirus and the stock market crash. all of it is unreasonable because there is no link between any of them and bitcoin as it has been like it forever! but unfortunately the market is responding positively to the FUD and the price went down as a result.
which is why i don't think there are that many people buying right now seeing this as an opportunity. and more importantly i don't think anybody could have logically predicted this as this is unreasonable panic sell.
Personally I had predicted a crash towards 8k$ range a week ago as there were light buying support on key levels so the effect of it was the Bitcoin price to be dropped on this area. Now , it seems we have a medium buy support who is holding well for now and another waiting at 7.8$ in case we drop even more in the next days. What to expect ? Anything can happen.
As you say, anything can happen, lot of people will see this as a good opportunity to buy some BTC, so, that should be a reason to see it going up again. A lot of people are losing tons of money with this 20% crash in the past weeks. So, let the newbies join and backup the markets.
Personally I had predicted a crash towards 8k$ range a week ago as there were light buying support on key levels so the effect of it was the Bitcoin price to be dropped on this area. Now , it seems we have a medium buy support who is holding well for now and another waiting at 7.8$ in case we drop even more in the next days. What to expect ? Anything can happen.
Bitcoin dumped now, it will soon dropped to $7K+ with the way its going now.
I wake up seeing the price at $8200, this is scary, I think the hype is already over or we are due for a big bounce back?
It's really hard to predict, we have some good news lately like India and South korea making bitcoin legal, and this, it's not expected.
I wake up seeing the price at $8200, this is scary, I think the hype is already over or we are due for a big bounce back?
It's really hard to predict, we have some good news lately like India and South korea making bitcoin legal, and this, it's not expected.
Accumulation phase is good below $10,000 considering that there is a big event coming in and might potentially pump the price of Bitcoin.
We might not be expecting a good run these coming few months though the block halving is closely approaching, instead the expected rise of Bitcoin will happen a year after. So, most probably 2021 is the most ideal year for Bitcoin's price to hit new heights base on the last 2 halving.
Honestly, it is not that far away from the 9678 price right now, it is just 8700+ right now, that is significant drop from 9700 but also it has been a long time since that was the price and the price didn't dropped all that much when you consider how long it has been and still didn't keep going down.
If it was just a recent fall I would say it is risky right now but price already went down as much as it can and nothing changed, if it went down like 10k to 9k to 8k to 7k t 6k and so forth I would be afraid right now but it didn't and stopped after a certain amount of drop.
Let's see what holds in the future but I am not too gloom about going down, I do not see it going up anytime soon neither but I do not see it going down neither. Lets see what will happen but I expect a stagnancy for a longer time.
If it was just a recent fall I would say it is risky right now but price already went down as much as it can and nothing changed, if it went down like 10k to 9k to 8k to 7k t 6k and so forth I would be afraid right now but it didn't and stopped after a certain amount of drop.
Let's see what holds in the future but I am not too gloom about going down, I do not see it going up anytime soon neither but I do not see it going down neither. Lets see what will happen but I expect a stagnancy for a longer time.
What to expect? Right now, we are hoping to see the bitcoin price to increase back and break $9k again. But unfortunately, it seems this day still not showing that the price can increase. The trend seems to want to go down for more because the red candle still appears and going strong in the market. We don't know if tomorrow, the price can back to the higher price or not, but we can hope that tomorrow will give us a chance to see the price increase back. Now, the price is at $8700, and we don't know what will happen in the next hour.
Accumulation phase is good below $10,000 considering that there is a big event coming in and might potentially pump the price of Bitcoin.
We might not be expecting a good run these coming few months though the block halving is closely approaching, instead the expected rise of Bitcoin will happen a year after.
Right now I think it can go down as far as 7k to 8k based on its rally stats last week. Anything below 9k could be a good entry point. Im still optimistic that this year will be the rise of bitcoin and the year next after that will probably another good run for it. We might not be expecting a good run these coming few months though the block halving is closely approaching, instead the expected rise of Bitcoin will happen a year after.
I don't think that the price of bitcoin can be below the price of $ 8k, but, when the price of bitcoin touches the price of $ 9k, the price decreases again. even today, the price of bitcoin is back in the range of $ 8k.
Why not? See the charts. Im seeing a massacre as the pattern pointing already on 7k. I hope it will not proceed as this level could be pull again to lower support. But for cheap price, could also be an advantage.
And I was here thinking that Bitcoin could go back under 8k$ for a while for another strong accumulation phase but instead it went up again and maybe its gonna hit 10k$ this month but I doubt it will continue to rise until halv happens as I can see another drop happening before or after the halv.
For now if you're a trader I suppose you kinda love this stable zone of Bitcoin as the swings of prices are not so big. I'm not a trader tho.
I don't think that the price of bitcoin can be below the price of $ 8k, but, when the price of bitcoin touches the price of $ 9k, the price decreases again. even today, the price of bitcoin is back in the range of $ 8k. So far, I don't expect big developments from bitcoin, it's just that, I want to see prices stabilize in the $ 10k range. For now if you're a trader I suppose you kinda love this stable zone of Bitcoin as the swings of prices are not so big. I'm not a trader tho.
And I was here thinking that Bitcoin could go back under 8k$ for a while for another strong accumulation phase but instead it went up again and maybe its gonna hit 10k$ this month but I doubt it will continue to rise until halv happens as I can see another drop happening before or after the halv.
For now if you're a trader I suppose you kinda love this stable zone of Bitcoin as the swings of prices are not so big. I'm not a trader tho.
For now if you're a trader I suppose you kinda love this stable zone of Bitcoin as the swings of prices are not so big. I'm not a trader tho.
Bitcoin price hits $9678: What to expect? ris eor fall ??
We have hit more than 10k of bitcoin price already but after that the bitcoin goes down again to less than 9k. For about almost 2 weeks of decrease, it was able to gain momentum again and started to increase for about 3 days but as of the writing it started to goes down again. There was no steady increase as of the moment, so we can expect that in the following weeks the market will rise and will fall. But if the demand will out play the seller then we can expect a steady increase in the following months until the halving will occur. It will be best if we can hit like 13-15k bitcoin price before the halving so we can start strong.
Bitcoin price hits $9678: What to expect? ris eor fall ??
~snip~Accumulation phase is good below $10,000 considering that there is a big event coming in and might potentially pump the price of Bitcoin.
We might not be expecting a good run these coming few months though the block halving is closely approaching, instead the expected rise of Bitcoin will happen a year after. So, most probably 2021 is the most ideal year for Bitcoin's price to hit new heights base on the last 2 halving.
Bitcoin price hits $9678: What to expect? ris eor fall ??
That is price I think is the lowest price at this year so we need to expect that bitcoin will rise soon or expect this year bitcoin price will gonna rise. So just be positive of what we think and be positive that bitcoin price will gonna be rise. Just wait for the right time and be patience. What? Haven't you see the current price? It's below $9k and the lowest that we have seen is like $8600 coming from $10k++. We can go back to this thread and says that we did touch 5 digits as high as $10300, however, it was not that sustainable.
And then the whole corona virus spread put a dent on the price as well, pushing it to $8600. So it's really a lot of ups-and-downs lately as it seems that 5 digit is a big barrier in front of us again.
Bitcoin price hits $9678: What to expect? ris eor fall ??
That is price I think is the lowest price at this year so we need to expect that bitcoin will rise soon or expect this year bitcoin price will gonna rise. So just be positive of what we think and be positive that bitcoin price will gonna be rise. Just wait for the right time and be patience. Bitcoin price hits $9678: What to expect? ris eor fall ??
That is price I think is the lowest price at this year so we need to expect that bitcoin will rise soon or expect this year bitcoin price will gonna rise. So just be positive of what we think and be positive that bitcoin price will gonna be rise. Just wait for the right time and be patience. i dont think this is the lowest but i think the price was down under 8k befor and this time it was up again at 9k usd .
you cant say lowest at this year because the year is only getting started and usually the price will start low but it will only got improve the longer the days or weeks have passed . like what you have said , patience is the key , nothing more nothing less . im expecting that btc will hit 10k again soon and then 11k to 13k usd will follow up .
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