Bitcoin price today returned to $ 7,800

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Quote from: Wysi on November 14, 2019, 09:21:45 AM

Quote from: barota on November 14, 2019, 07:03:04 AM

everyone should not try to find exact bottom . prices bitcoin can jump to 11000 usd per btc at any moment . the recent pump can give lot of hope for holders ;halving coming and you should never sell . prices can reach 15000 usd per btc before halving

Yes that's nice to hear but sometimes it becomes difficult to manage emotions especially when you don't want to risk the existing value when you have planned for a short term investment, it become too tough to hold on that's why I have segregated my investment into different grades like short term funds, long term funds and day trading. Yes we need to dedicate a set amount of BTC to sell in post halving.

Diversifying and having strategic plan is all we can do to assess what we ever needed as we still need to gain profit while waiting for the market to be at bull and to do that day trading can give us earning depending on the alts we will choose. It's hard sometime to sell when you thought that coin can be for long term but been too low for updates or some hypes,

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Quote from: barota on November 14, 2019, 07:03:04 AM

everyone should not try to find exact bottom . prices bitcoin can jump to 11000 usd per btc at any moment . the recent pump can give lot of hope for holders ;halving coming and you should never sell . prices can reach 15000 usd per btc before halving

Yes that's nice to hear but sometimes it becomes difficult to manage emotions especially when you don't want to risk the existing value when you have planned for a short term investment, it become too tough to hold on that's why I have segregated my investment into different grades like short term funds, long term funds and day trading. Yes we need to dedicate a set amount of BTC to sell in post halving.

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Quote from: barota on November 14, 2019, 07:03:04 AM

everyone should not try to find exact bottom . prices bitcoin can jump to 11000 usd per btc at any moment . the recent pump can give lot of hope for holders ;halving coming and you should never sell . prices can reach 15000 usd per btc before halving

The value of bitcoin will probably not dump to 8000 below and i think that it will bounce back before the end of this month and it could hit between the value of $10,000 - $12,000.

And when halving is near then it might reach more than the ATH then altcoins will surely follow up and it could take a lot of profit if we buy in cheap like today.

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everyone should not try to find exact bottom . prices bitcoin can jump to 11000 usd per btc at any moment . the recent pump can give lot of hope for holders ;halving coming and you should never sell . prices can reach 15000 usd per btc before halving

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Quote from: coinfinger on October 11, 2019, 11:23:06 PM

I think this really shows that the Chinese are very strong cryptocurrency users, I heard of this their holiday too because I do import from china and I think their holiday went for almost 1 week. Let us see what will really happen again now that they are back from holiday and I think that many people can now see that the population of Chinese people in the bitcoin community can really not be over looked and we really need this country’s support for bitcoin to really continue to make it.

I have been wondering what effect of holiday could be on bitcoin price, and now, I can see that we should not really be relying on some of these great holidays that has celebrations in them, which means Christmas could be actually worst for the crypto market as people may be removing funds for celebration.

If these people had no other options but to use their money for personal expenses, we barely see bitcoin price go down for several hours and thereafter recovers back. Same with fiat consumption, when there's worldwide celebrations many bank would be out of cash because of tha reasons, but you won't notice the value will fall so fast due to regulation. Unlike with crypto, price will decline badly if crypto user of that county like china dumped a huge amount of their asset will cause a decrease on btc value.

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I think this really shows that the Chinese are very strong cryptocurrency users, I heard of this their holiday too because I do import from china and I think their holiday went for almost 1 week. Let us see what will really happen again now that they are back from holiday and I think that many people can now see that the population of Chinese people in the bitcoin community can really not be over looked and we really need this country’s support for bitcoin to really continue to make it.

I have been wondering what effect of holiday could be on bitcoin price, and now, I can see that we should not really be relying on some of these great holidays that has celebrations in them, which means Christmas could be actually worst for the crypto market as people may be removing funds for celebration.

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*Note* I do realize this thread is a few days old. That's why I want to point out that they are basically unnecessary, because right now on preev bitcoin is going for $8341. While that might seem a staggering move within 3 days, it is normal for bitcoin, and it wasn't a big deal at all that it had fallen to below $8000. Right now this is one of the stagnation periods that bitcoin goes through every now and then, and we all just have to wait and see which way the real movement is going to be, when the market starts to show some clear momentum.

I would also add that since I am a firm believer that the market is going to rally eventually and that bitcoin will probably at least approach its all time high next year, any time you are able to buy it at prices like these is a golden opportunity. Sentiment is not poor at all. Rather, the market is just taking a breather after exploding out of the $3500ish range.

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Quote from: CarnagexD on October 09, 2019, 09:47:07 AM

Quote from: romero121 on October 07, 2019, 01:50:14 AM

The price today has marked its low near $7900. There are more price predictions stating that this will go low to $6000. For all users who are into plans of buying bitcoin can now begin to buy for the upcoming years profiting. By now there is some growth in the world market in comparison to the past months. This trend should have some positive impact upon the cryptocurrency network, but for some reason this time the market has crashed a little.

As of now the price of bitcoin is now 8397.03$ and I think the downtrend might not happen if the price keeps on rising. Even bitcoin is not down to 7800$ it still good to buy especially if there will be a coming bull run. I hope the price of bitcoin will not down again below 7800$ and even there is some prediction about the price of bitcoin that might down to 6000$ I hope it would not happen. Buying bitcoin is also one of my plans because of the uprising price in the next couple of years.

Well at different times price become different so if you have any idea about the current price you will know that it can increase more than this it’s about the potential of the coin. $6k is the low price I don’t expect that low. Holding will increase this price but I truly believe that bitcoin has guts to be more $20k this will happen very soon till the end of 2020.

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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/dich-vu-lam-xay-dung-va-phat-trien-san-giao-dich-tien-dien-tu-uy-tin/

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

The drop or rise of the market value of Bitcoin is not really anything new to people in the crypto ecosystem. You just have to take advantage whenever the market value drops. In January this year (2019), Bitcoin was worth around $3400, people who took advantage of this drop and bought some bitcoins make twice and triple in June. Just take advantage of this drop.

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Quote from: bitbunnny on October 09, 2019, 11:25:37 AM

Quote from: CarnagexD on October 09, 2019, 09:47:07 AM

Quote from: romero121 on October 07, 2019, 01:50:14 AM

The price today has marked its low near $7900. There are more price predictions stating that this will go low to $6000. For all users who are into plans of buying bitcoin can now begin to buy for the upcoming years profiting. By now there is some growth in the world market in comparison to the past months. This trend should have some positive impact upon the cryptocurrency network, but for some reason this time the market has crashed a little.

As of now the price of bitcoin is now 8397.03$ and I think the downtrend might not happen if the price keeps on rising. Even bitcoin is not down to 7800$ it still good to buy especially if there will be a coming bull run. I hope the price of bitcoin will not down again below 7800$ and even there is some prediction about the price of bitcoin that might down to 6000$ I hope it would not happen. Buying bitcoin is also one of my plans because of the uprising price in the next couple of years.

The price is above 8000$ again but that doesn't mean that it can't get down to 7800$ or lower. I think we entered in high fluctuations phase that might last for a while. I don't expect sharp price fall or rise but the range between 7000$ and 9000$ is possible and expected.

I don't think Bitcoin will drop below $ 8000, because this is the lowest point at $ 8500 so it could possibly go up more than $ 9200 more, whatever happens next month I hope you already hold BTC because Bitcoin is likely to rise rapidly.

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Quote from: CarnagexD on October 09, 2019, 09:47:07 AM

Quote from: romero121 on October 07, 2019, 01:50:14 AM

The price today has marked its low near $7900. There are more price predictions stating that this will go low to $6000. For all users who are into plans of buying bitcoin can now begin to buy for the upcoming years profiting. By now there is some growth in the world market in comparison to the past months. This trend should have some positive impact upon the cryptocurrency network, but for some reason this time the market has crashed a little.

As of now the price of bitcoin is now 8397.03$ and I think the downtrend might not happen if the price keeps on rising. Even bitcoin is not down to 7800$ it still good to buy especially if there will be a coming bull run. I hope the price of bitcoin will not down again below 7800$ and even there is some prediction about the price of bitcoin that might down to 6000$ I hope it would not happen. Buying bitcoin is also one of my plans because of the uprising price in the next couple of years.

The price is above 8000$ again but that doesn't mean that it can't get down to 7800$ or lower. I think we entered in high fluctuations phase that might last for a while. I don't expect sharp price fall or rise but the range between 7000$ and 9000$ is possible and expected.

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Quote from: romero121 on October 07, 2019, 01:50:14 AM

The price today has marked its low near $7900. There are more price predictions stating that this will go low to $6000. For all users who are into plans of buying bitcoin can now begin to buy for the upcoming years profiting. By now there is some growth in the world market in comparison to the past months. This trend should have some positive impact upon the cryptocurrency network, but for some reason this time the market has crashed a little.

As of now the price of bitcoin is now 8397.03$ and I think the downtrend might not happen if the price keeps on rising. Even bitcoin is not down to 7800$ it still good to buy especially if there will be a coming bull run. I hope the price of bitcoin will not down again below 7800$ and even there is some prediction about the price of bitcoin that might down to 6000$ I hope it would not happen. Buying bitcoin is also one of my plans because of the uprising price in the next couple of years.

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Quote from: ene1980 on October 08, 2019, 11:12:25 AM

Quote from: TrollboxChamp on October 07, 2019, 01:39:06 AM

China still is making the big moves. About downtrend no one really predicted but you could see coming a slow down in volume and volatility lead to dump after descending triangle.

What relevance does China have in the market now, there was a time when every news coming out from China could have an implication on the market valuation and i have seen many drop in price simply because of FUD news coming out from China and now we get rid of that for a long time, now a days the market does not respond to these FUD news most of the time.
The market is looking for a direction and we might see some fall before the rally.

I also remember those days where the FUD from china affects the emotions of crypto investors and traders, but that's been long forgotten as adoptions
is now the basis of movements, not every specific news that spread around creates anything but since investors are wise now doing research and make
a proper assumptions save their investment. The price cycle continue and only those who are willing to work with this type of volatility will survive and
succeed.

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Quote from: TrollboxChamp on October 07, 2019, 01:39:06 AM

China still is making the big moves. About downtrend no one really predicted but you could see coming a slow down in volume and volatility lead to dump after descending triangle.

What relevance does China have in the market now, there was a time when every news coming out from China could have an implication on the market valuation and i have seen many drop in price simply because of FUD news coming out from China and now we get rid of that for a long time, now a days the market does not respond to these FUD news most of the time.
The market is looking for a direction and we might see some fall before the rally.

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Quote from: bhabygrim on October 08, 2019, 07:13:42 AM

Quote from: ?? on ??

Quote from: HatakeKakashi on October 08, 2019, 04:28:16 AM

Quote from: kidbounty on October 07, 2019, 11:57:11 AM

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.

Yes there is no to be worry about the value because everything have plan for sure because bitcoin bull will continue happen again.
This month more than $8000 will see for the bitcoin value and Im really sure once bitcoin start to rise again it will continue and bill run really appear and everyone will believe that bull run happen again give bitcoin more weeks I think.

I even bought Bitcoin at the current price of $ 8,200. I don’t see the low prices for Bitcoin anymore, for $ 6,000 there will definitely not be a price. I also predict a rise in the price of Bitcoin this year to $ 12,000.

I agree with the next couple of months we might see it rise up ,
And I don't really think that it might go down below $6,000 again.
There would be a halving next year and I expect that it would create a FOMO and it would rise the price again.

We might experience a rally coming, pumping the prices again in the upward direction before the beginning of 2020. But I don't think the price would decline any further from here and for now, 7500$ could be a barrier that would prohibit any additional decrease in the price...

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Quote from: btc_angela on October 07, 2019, 08:19:26 PM

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.

What just happened is just a showcase of volatility, there's nothing to be feared of since with such great news awaits such market trend, I think 1 year as bitcoin being low is enough to say that we are now facing the upward trend or the bull run. News about China, bakkt is enough to describe what would be the market price very soon. Who knows if US is also planning to convert they currency to digital? Let us now be ready and accumulate enough.

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The price has gone back to normal again as of this hour, at least we can say there's still a chance to see the price increase again as it came back to $8000+ again after a day from falling to under $8000. Everyone seems to wait for the SEC decision. Only few days left, we won't know what will happen with the price unless they will finalize their decision this coming 5-6 days.

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Quote from: ?? on ??

Quote from: HatakeKakashi on October 08, 2019, 04:28:16 AM

Quote from: kidbounty on October 07, 2019, 11:57:11 AM

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.

Yes there is no to be worry about the value because everything have plan for sure because bitcoin bull will continue happen again.
This month more than $8000 will see for the bitcoin value and Im really sure once bitcoin start to rise again it will continue and bill run really appear and everyone will believe that bull run happen again give bitcoin more weeks I think.

I even bought Bitcoin at the current price of $ 8,200. I don’t see the low prices for Bitcoin anymore, for $ 6,000 there will definitely not be a price. I also predict a rise in the price of Bitcoin this year to $ 12,000.

I agree with the next couple of months we might see it rise up ,
And I don't really think that it might go down below $6,000 again.
There would be a halving next year and I expect that it would create a FOMO and it would rise the price again.

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Quote from: kidbounty on October 07, 2019, 11:57:11 AM

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.

Yes there is no to be worry about the value because everything have plan for sure because bitcoin bull will continue happen again.
This month more than $8000 will see for the bitcoin value and Im really sure once bitcoin start to rise again it will continue and bill run really appear and everyone will believe that bull run happen again give bitcoin more weeks I think.

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Quote from: goto22 on October 08, 2019, 03:55:34 AM

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.

Fluctuations cannot be separated from cryptocurrency, be it bitcoin or altcoin. Price fluctuations in bitcoin are very important for most traders. Because in my opinion, any price that falls lower can be a good moment to buy a little.
There seems to be nothing to fear, but every trader must be more vigilant and monitor information and other fundamental factors.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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

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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%

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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.

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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.

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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

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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.

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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

Activity: 2128

Merit: 1293

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

legendary

Activity: 2954

Merit: 1153

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.

SummerBliss

sr. member

Activity: 910

Merit: 254

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

The prices fluctuates very frequent in this highly volatile currency and this time they are below $8000 and might go down as the predictions are there so its not time to discuss prices but this is oppurtunity for the investors as momentum can be shifted towards them and they can enjoy profit when the prices go high.We hope that the market hits bull run soon after the correction so HODL.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

The price still changes from a few hours ago. I see that the price can back to $8k, and now, it breaks $81xx and still going strong. I hope that the price doesn't go lower and still increase from this week. Maybe we will see another correction if the price can reach $8200, but the price will grow more. I just hope that there is no bad news that will come out as it could make the price will go down again. But it is interesting to see the price can move fast at the market, although the order buys and order sell is not filled so quickly.

Pab

legendary

Activity: 1862

Merit: 1012

That 7800 it was only weekend gambling.Today we had recovery and CME gap from weekend has been filled today price action will tell us more .Close above 8250 will be positive above 8450 even bullish
Golden week in China it is maybe a little less activity of Chinese traders.But more important is simply price action and today bitcoin beheviour

boltz

legendary

Activity: 3360

Merit: 1203

I don't think it will bounce back to 8500$ as the strong resistance is still around 7200$ so we might see a drop at that price soon. It was predictable as soon as it dropped below 10k$ , what are we talking about ? Chart pointed to that direction as there were no strong buy orders in this area and it slowly build in the 7000$ zone. However this is a great moment to speculate the market and make some investments as for now it seems that we won't drop below 7k$.

coin-investor

hero member

Activity: 3024

Merit: 614

Leading Crypto Sports Betting & Casino Platform

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

It's shifting from $7900 to $8100 I don't think it will go down to the $7000 like what one post predicted, we are just over three months to go in 2019 and there's not much improvement on the price, quite surprising to think that Bitcoin halving is just next year, it's still bearish like what happen last year, I wonder what will happen if this same situation persists in the first quarter of the year.
We really have different scenario every year.

CLS63

legendary

Activity: 1932

Merit: 1757

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

Bitcoin was 7.9k dollars earlier today but now it started to increase and reached 8.1k dollars already. My guess is that Bitcoin might continue like this and reach maximum 8.3k dollars. After that it might fall back again to 8k.

Distraction

sr. member

Activity: 2142

Merit: 424

There were some expectations about this decrease from 10k but I wasn't expecting that so soon. Bitcoin continues to go around 7900 dollars and I think if Bitcoin ETF is not accepted by SEC, Bitcoin might stay around these prices for months.

Red-Apple

hero member

Activity: 1470

Merit: 655

the only problem is that investors are again deciding to stay out and watch the market future unravel first before they make their investment. many of those are the sellers who sold on top and are waiting for entry. this means we will continue seeing this trend slowly continue and soon see a reversal which will shoot the price up as all of them rush back to buy bitcoin.
this has nothing to do with China or anything else. this is how the market has been working for a long time now. look at earlier this year when price came out of $3k price.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

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

o48o

legendary

Activity: 3052

Merit: 1168

Leading Crypto Sports Betting & Casino Platform

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?
*snip*

Lol, "golden week", it seems some people think that every move can be tracked back to Chinese holidays or Chinese magical numbers on hindsight. When it's going down, it's China's fault, when up, the Wallstreet is buying.

. I wan't new meme excuses already for reasoning a catalyst.

judeafante

sr. member

Activity: 2254

Merit: 258

Quote from: romero121 on October 07, 2019, 01:50:14 AM

The price today has marked its low near $7900. There are more price predictions stating that this will go low to $6000. For all users who are into plans of buying bitcoin can now begin to buy for the upcoming years profiting. By now there is some growth in the world market in comparison to the past months. This trend should have some positive impact upon the cryptocurrency network, but for some reason this time the market has crashed a little.

I wonder how strong the prediction that it will go to the $6000 and what is the cause of why it will go down to that level when the momentum should be strong going to the next Bitcoin halving, it's not up to investors if how they are going to take this situation but for me it's an opportunity to accumulate more Bitcoin, but if the price is indeed going down, you may want to not buy on certain price because who knows the floor on this slid of price.

Darooghe

sr. member

Activity: 1120

Merit: 255

You only gain or loose money when you sell. you will get people telling you to sell but look at the long game no one seriously expects bitcoin to be less than $50,000 in 5 years and while nothing is guaranteed when you add the reduced supply, a greater infrastructure and demand the chances are its going up. thereby no matter how much you bought its a waiting game, at some point in the future you will feel very smart. It doesn't matter that bitcoin or whatever goes down or up. When nothing fundamental changes you shouldn't sell bitcoin or whatever.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

The price today has marked its low near $7900. There are more price predictions stating that this will go low to $6000. For all users who are into plans of buying bitcoin can now begin to buy for the upcoming years profiting. By now there is some growth in the world market in comparison to the past months. This trend should have some positive impact upon the cryptocurrency network, but for some reason this time the market has crashed a little.

TrollboxChamp

sr. member

Activity: 462

Merit: 250

Quote from: pooya87 on October 06, 2019, 11:12:33 PM

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

Many experts have foresaw Bitcoin's downturn

nobody has predicted this "downtrend" apart from those who are always seeing drops at all times no matter what. some expected drops but not a trend.

Quote

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?

bitcoin market is a global 24/7 market and you don't leave it to come back! besides you have to believe it is the "bottom" to buy it. right now the market is scared of the drop and the manipulation and the decision of investors like always is to wait until it is over.
you also seem to be stuck in 2013 having some illusions about China's market size and its effect on the price...

China still is making the big moves. About downtrend no one really predicted but you could see coming a slow down in volume and volatility lead to dump after descending triangle.

pooya87

legendary

Activity: 3472

Merit: 10611

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

Many experts have foresaw Bitcoin's downturn

nobody has predicted this "downtrend" apart from those who are always seeing drops at all times no matter what. some expected drops but not a trend.

Quote

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?

bitcoin market is a global 24/7 market and you don't leave it to come back! besides you have to believe it is the "bottom" to buy it. right now the market is scared of the drop and the manipulation and the decision of investors like always is to wait until it is over.
you also seem to be stuck in 2013 having some illusions about China's market size and its effect on the price...

jane maradona

newbie

Activity: 11

Merit: 0

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/dich-vu-lam-xay-dung-va-phat-trien-san-giao-dich-tien-dien-tu-uy-tin/

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

Topic: Bitcoin price today returned to $ 7,800 (Read 474 times)