Bitcoin price today returned to $ 7,800 - page 2.

Wysi

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Quote from: ethereumhunter on October 08, 2019, 03:49:28 AM

Although I bit too scary to see bitcoin price is dump to $7800 in yesterday, I am happy to see the price now can break $8k again. The price now seems to become strong, but I don't know if this will stay like this, or it will get down again. But if we analyze the bitcoin price at the market, the line was at the bottom, and it will increase after this. Unfortunately, we don't have more signs from the market, so we could only wait and see what will happen next.

Volatility at its best as we are witnessing one of the most consecutive fluctuations ever as compared the past wherein if the price fluctuates it will all East stay at that particular value for a fortnight but fluctuations of almost $500 every 12 hours is scary as it might attract risk investors but might lose mid level traditional investors.

goto22

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Quote from: jane maradona on October 06, 2019, 09:05:21 PM

Bitcoin price slipped to $ 7,800
Many experts have foresaw Bitcoin's downturn as all eyes are on Golden Week * in China. However, when the Chinese return to the cryptocurrency market this week, will they decide to buy at the current bottom? Or will they continue to stand out of the game to watch the support break down?

(* Golden Week is a policy applied in China since 1999 for two important holidays: Chinese New Year and National Day (October 1). Before 2007, Chinese people also had a "Golden Week". "Tuesday is International Labor Day May 1.)
If you are interested in cryptocurrency exchanges, you can refer to: https://vakaxa.com/vi/phat-trien-san-giao-dich-tien-dien-tu/

bitcoin-today-today-about-7800-usd [1]
Overview of Bitcoin price and cryptocurrency market today (October 7).
With Bitcoin's daily price chart, the usual price range is $ 7,600 to $ 9,500. When Bitcoin is put into the sideway, the buying and selling forces will fall into equilibrium. At the same time, the market is about to have big fluctuations. Therefore, Bitcoin is best to keep a stable support level of $ 7,120 to gain momentum in the near future. If not, the market could witness a new plunge.
You can read can track Bitcoin price today right below:

Bitcoin (BTC)

$ 7,923.84 (-2.57%)
Rank

first
MCap

$ 142.45 B
Volume

$ 13.39 B

And now it's back to $8,200+. That's what BTC price does. It goes up, it goes down, it goes up again. Bitcoin is young and volatile, with no regulations, while its technology is still maturing. No need to get excited about it every time its price moves for a few hundred bucks.

ethereumhunter

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Although I bit too scary to see bitcoin price is dump to $7800 in yesterday, I am happy to see the price now can break $8k again. The price now seems to become strong, but I don't know if this will stay like this, or it will get down again. But if we analyze the bitcoin price at the market, the line was at the bottom, and it will increase after this. Unfortunately, we don't have more signs from the market, so we could only wait and see what will happen next.

btc_angela

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And just like that the price of bitcoin goes to above $8200 and its on a 4% increase in the last days or so. There's a lot of support $8k and that did was perhaps a signal that it is the best time to buy again that's why the price suddenly shoot up. Looks like we are bearish in a short term, and I do hope that we can climb back to 5 digits before the end of the year.

boltz

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Quote from: dimastegar on October 07, 2019, 06:22:01 PM

We can predict BTC prices through charts, but we cannot guarantee that the predictions and speculations that we make are accurate.

And the price of the BTC returned to $ 8400 after falling below $ 8k.

image source https://coinmarketcap.com/currencies/bitcoin/#charts

The charts look like Bitcoin is about to make another drop under 8k$. Also I saw a lot of theter moving into exchanges like ~50mil$ so I guess whales are about to buy the dip when it happens or even consolidate the buy orders even more. Anyway its a night to watch the bitcoin action and some of us will get less sleep in order to make sure we won't miss that drop.

What I still enjoy is the fact whenever bitcoin make a drop it always bounces back 400-500$ so the volatility is still here which is good to see it again as in the last weeks was kinda stable at some prices and trading was not so profitable.

WatchMaker

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It's the market fluctuations baby. Hopefully, the bitcoin price would recover a few weeks as we start seeing some bitcoin price development in the market. It's totally normal for bitcoin prices to fluctuate to go up and down. Every time the price gets higher the market correction will follow to stabilize the price.

dimastegar

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We can predict BTC prices through charts, but we cannot guarantee that the predictions and speculations that we make are accurate.

And the price of the BTC returned to $ 8400 after falling below $ 8k.

image source https://coinmarketcap.com/currencies/bitcoin/#charts

ReiMomo

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Quote from: DatKing on October 07, 2019, 12:39:05 PM

Bitcoin price has suddenly started to climb up and reached 8200 dollars. I don't want to be prejudiced but maybe bull-run have started but the chance of it is very low I think. In my opinion, it is early for a bull-run.

Because when there is a sudden fall it will raise up again. That's really good to hear that bitcoin prices increase to $8200 today. Hopin that it will continue to increase until the end of the month so that I can be able to sell my bitcoin to earn a big profit but if it will drop down then I will still wait patiently until it reaches $15k. I believed this month of ber coming and the last quarter of the year bitcoin will pump up as we expected that most likely on month of December.

DatKing

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Bitcoin price has suddenly started to climb up and reached 8200 dollars. I don't want to be prejudiced but maybe bull-run have started but the chance of it is very low I think. In my opinion, it is early for a bull-run.

senin

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Quote from: mk4 on October 07, 2019, 04:29:00 AM

Big deal. It dropped $200 sure whatever. We don't need another separate conversation every time bitcoin drops a few dollars as if we're not used to the volatility already.

EDIT: 4 hours later, bitcoin is now back to $8,150. Maybe you should create another topic for that? Roll Eyes

An hour ago, the CoinMarketCap table showed the bitcoin price of $ 8,247, now its price is $ 8,271. During this time, Ethereum also increased in price by one dollar, to 181 dollars. So is it the fall of bitcoin or its growth? Bitcoin is unpredictable in its price. It seems that he can start his bull run any day. Until the new year, almost three more months, everything can be.

bitcoworld

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Quote from: mr3dds on October 07, 2019, 12:11:30 PM

I see that ETH this time is doing a little better than BTC. But, it is as usual, BTC takes other coins with it. XRP did more than them both.

I think this is just mandatory and we might see a drop bellow 8K again. I don't see the real power he shows when he goes up 1-2K

mr3dds

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I see that ETH this time is doing a little better than BTC. But, it is as usual, BTC takes other coins with it. XRP did more than them both.

BTC increased about 2.5% today. ETH did about 4% and XRP did 8%

skarais

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Quote from: robelneo on October 07, 2019, 11:34:27 AM

If I have a huge funds to spare I will definitely take this market cycle as an opportunity to make a quick profit, on one day the market is down by 1% the next day it's up by 3%, this is how whales are making their profit, they take small opportunities like this to make profit on the volatility of the market, but you need a huge amount of funds to realize your profit.

If you have capital? I think not only you who think so. I also want the same as you. And we are not just the two of us, quite a lot of people out there who want the same thing. The problem lies in what we want, the target will be achieved if we have capital. The more capital we have, the greater our chance of achieving that target.
Bitcoin is on the right track now, $ 8254 is the last price I get from CMC. I don't think to buy it when the price goes up, but selling it is the right choice because in my opinion the right time to buy bitcoin is when the price goes down.

kidbounty

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HELENA

bitcoin is now back at $8K++. I think this is just a rally and not bitcoin will return to the downward trend. the current situation is quite good and there is nothing to worry about. even many people want a small decrease before the bull.

robelneo

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If I have a huge funds to spare I will definitely take this market cycle as an opportunity to make a quick profit, on one day the market is down by 1% the next day it's up by 3%, this is how whales are making their profit, they take small opportunities like this to make profit on the volatility of the market, but you need a huge amount of funds to realize your profit.

rijaljun

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Quote from: jane maradona on October 06, 2019, 09:05:21 PM

Bitcoin price slipped to $ 7,800
Many experts have foresaw Bitcoin's downturn as all eyes are on Golden Week * in China. However, when the Chinese return to the cryptocurrency market this week, will they decide to buy at the current bottom? Or will they continue to stand out of the game to watch the support break down?

For me, Bitcoin has no bottom to buy in the last few months. Everything could happen, sometimes, when I think it's a bottom and it will jump a bit evidently goes down more. LOL.

But for this drop, I'm a bit sure it will recover soon after the golden week ended and back to market trend

hermawan9416

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Quote from: Willitivity on October 07, 2019, 09:50:06 AM

At 7800 today, it could move back to 8000 easily or go a bit further down.

I absolutely agree with you there. The situation can change very dramatically and this is not the biggest problem.

Willitivity

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The market is really going through a major reform and overhaul. Even though the price is fluctuating heavily at this time, one thing is certain. Bitcoin is actually getting more use case every day. At 7800 today, it could move back to 8000 easily or go a bit further down.
I don't think China golden week has any impact on the price. Gone are those days when stuffs like that have effects on price.

BrewMaster

legendary

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There is trouble abrewing

for the time being this seems more like the squeeze that is put on the market during the drops like what we had recently to try and see if it can be pushed any lower.
i would say the results have been encouraging because for starters the weak hands are too weak that they may as well not even be in the market anymore with the last cleanup! and with this bounce back we can see the market is still filled with more buyers

lionheart78

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And Bitcoin goes back to $8,181.40.

It seems Bitcoin going in and out of $8k is a current norm of the market. Moving sideway in that kind of fluctuation. Is this a calm before the storm? We all know that a lot of people are expecting to see Bitcoin at around $16k because of the prediction of some guy.
https://cryptopotato.com/the-anonymous-analyst-hits-again-with-julys-bitcoin-price-next-target-16k-in-october/
Important notes:

Quote

So, What’s Next?
The next target predicted by the analyst is $16,000 in October. Bitcoin’s price would have to go up about 63 percent in the next two months in order for him to be correct on that count.

If history is any indicator, this might be completely possible. Back at the beginning of May, Bitcoin was trading at around $5,300, which is about 84% less than its current price. In other words, the cryptocurrency has proven that growth of that kind is more than possible.

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