BTC to 5000$ before a big rise ? - page 5.

jakelyson

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Quote from: moviebuff777 on January 08, 2020, 08:48:01 PM

No it’s too late for that. We’re too close to the halving for a drop that low. When the mining reward gets cut in half the value should increase to compensate.

The exact reason it is a possibility. We are too close to halving and maybe the last chance to acquire cheap bitcoins. Manipulators may want to drop the price so they can acquire more bitcoins in preparation for the price surge after the halving. It will be harder to do that once halving is in effect.

Quote from: LUCKMCFLY on January 08, 2020, 09:26:32 PM

I have seen some analysts who talk about a big correction in the price of Bitcoin, some $ 5k, others that $ 1k

1k is too much already. That will draw us back to the early late 2016 price. I think if the price drops 5-6K, whales will start buying back. That will create strong support at that level.

Rodeo02

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Quote from: kodtycoon on January 08, 2020, 09:42:42 PM

anything can happen because correction is inevitable for a large pump that might happen before or after halving, so i just feel whatever the decrease is and whatever the increase is still possible, basically we need to be more patient and more confident, no need to panic when get fud news because the decline will always be there after the price is pumped

As for me thats too deep correction for BTC. ill never expect the price increase more ,But this year it will became morestable increase its price only a little .the bull market we are waiting will not gonna happen this year but only increase about 15%-20% thats not bad and the ATH will happen next 3 years or more.

kodtycoon

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anything can happen because correction is inevitable for a large pump that might happen before or after halving, so i just feel whatever the decrease is and whatever the increase is still possible, basically we need to be more patient and more confident, no need to panic when get fud news because the decline will always be there after the price is pumped

LUCKMCFLY

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Quote from: Lionel on January 08, 2020, 05:56:24 PM

~snip~

I have seen some analysts who talk about a big correction in the price of Bitcoin, some $ 5k, others that $ 1k, I think the correction will not be so drastic, it can remain between $ 7.5k- $ 8k just for the fact that the recovery Up to $ 8.4k was for fundamental reasons of the possible war betwen E.E.U.U and Iran.

The impact on the Halving can begin to occur after having calmed the waters of war drums a bit, the event is long awaited, personally I think it can go up more than $ 9k.

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Quote from: Lionel on January 08, 2020, 05:56:24 PM

Why are many online price forecasts saying BTC will dip to $5k before the halving?
Do you predict the same too?
I'm not a pro trader, just asking out of curiosity

I am a trader and I never believe in prediction. I believe in the price of coin because it shows it all. and what is shown on the chart does not prove that bitcoin will soon drop to $ 5k, unless it is a huge selling force from many manipulated institutions. I personally think that the price of Bitcoin will increase from now on, people are excited about buying Bitcoin. We are witnessing a ruckus between the US and Iran, the Chinese economic downturn and the Halving event of Bitcoin, ... these political and technological factors show that people will not want to Waiting for the price of bitcoin to fall again. They have to buy early before it grows.

alan2here

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Quote from: Lionel on January 08, 2020, 05:56:24 PM

Why are many online price forecasts saying BTC will dip to $5k before the halving?
Do you predict the same too?
I'm not a pro trader, just asking out of curiosity

It is only a personal prediction of others and you should not trust because this market has been improving in recent days. I think buying Bitcoin at the current price is still very cheap and can completely help you earn high profits if you choose to invest in the long term. In addition, 2020 will be a very favorable year for many new investment projects and you can consider if it is a potential project.

However, in crypto market, everything is unpredictable and it is possible that this coin could return to $5000 if the market gets worse.

harizen

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Quote from: Lionel on January 08, 2020, 05:56:24 PM

Why are many online price forecasts saying BTC will dip to $5k before the halving?
Do you predict the same too?
I'm not a pro trader, just asking out of curiosity

No one knows what will happen. Their forecast depends on their own criteria either chart readings, speculations, and news.

Going down below $5,000 always has a chance to happen. Looking for at least a month's performance, we saw bitcoin price fairly withstand any hard dump at around $7,000+ so we can say that on this range, we can considered that floor as a resistance level.

Anyways, since you mentioned "big rise", don't expect much in the upcoming halving so you won't be disappointed. Just do your usual accumulation so that in case your expectations won't be met, still, you have a nice and decent quantity of BTC in your stash.

moviebuff777

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No it’s too late for that. We’re too close to the halving for a drop that low. When the mining reward gets cut in half the value should increase to compensate.

janggernaut

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Quote from: Lionel on January 08, 2020, 05:56:24 PM

Why are many online price forecasts saying BTC will dip to $5k before the halving?
Do you predict the same too?
I'm not a pro trader, just asking out of curiosity

Well the fact bitcoin already fallen to $8000 while it was reached $8400 few hours ago. Not sure bitcoin would dip until $5000 (what's the reason?) But the one i believe is, bitcoin would be start to rise after halving happened, approx in 2021

MURONDI

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You should learn to analyze and do your own research, don't be easily influenced by other people's predictions, no predictions are 100% accurate, everyone will have different opinions about bitcoin analysis, in my opinion maybe the price of bitcoin will go down but not up to $ 5,000, in the 1 hour chart bitcoin shows a downtrend, but in the daily period the price shows an upward trend, You must do your own research, don't be influenced by other people's analysis including my analysis.

Lionel

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Why are many online price forecasts saying BTC will dip to $5k before the halving?
Do you predict the same too?
I'm not a pro trader, just asking out of curiosity

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