Topic: BTC TO 5K$ soon - page 4. (Read 901 times)

It's not pointing at anything! You can try to be smart and draw a line downward sloping line on a 1d chart and it will tell you that the low should now be at 5800 and at 5k in February, and then 3k in May. What will that really tell you? Nothing. you can also draw a line on a 1w chart and it will tell you that if we follow the long term trendline we'll be at the low of 8k in May. What's more important? The last 6 months or the last 10 years?

I also do not doubt that. at the moment I am more optimistic about the price of bitcoin. rather than worrying about falling prices, I am more focused on preparing halving, or ethereum 2.0
however, the price of $ 5k could be glazed, but that needs to be a cause and currently, there is no cause, or the potential to see the price of bitcoin drop. I am of the opinion that the bitcoin spirit will rise little by little at this time.

Are you sure about your guess, what makes you believe that there will be a hard dumper, how much money do you have to buy it below? why not bet here?
I am sure many people will take it when under $ 6000 and even everyone is waiting for the current time, support can just come suddenly, just wait for a moment of surprise to come

You see green on one day, then you see red in the next three days.
So how can you say the price is not going down? Even if you dont want it, the market is showing otherwise, and analysis should be based on facts, not on what you want.
If it was by me, bitcoin would be 50k already, but its not, because we are in a staggering bear market, which is posed to last 3-4 years at the minimum.
The market is manipulated. Bitcoin technology is great, but the market have all the characteristics of a ponzi scheme, and the price is determined by the few whales who happened to hold since the early days.

So lets be real here. Every day I see lower highs, so its clear the price is going to dump hard. Right now is pointing to 3k, and can go as low as three digits if no new money comes in. Very possible to happen.
Also read the opinions of sgbear, who is a authority in market prediction. He called the top, and predicted 2k by 2021. For this reason, I'm not buying until we see the bottom.
DCA? Useless strategy, when you know the price is going to dump hard. Just hold your money until we see 2k by 2021, but it can go even lower than that. I believe we are going to see 1k before it, and 2k will be a recovery. It will take 5-8 years for bitcoin to go back to the previous ATH. The bear market is endless. That's why it is a bear market. Get used to it, because the only way is down.

Just upon the sudden drop in the price below $7000 everyone believed there'll be big crash to come by the falling days. To the expectation the price has increased much high than the point from which the fall in price got initiated. What's been happening with the market is quite common in terms of growth. The support level getting broken is just a pathway.

I highly doubt that. The correction from $13k first stopped at $9k and then it was stopped by the support of $7k. After that it got tested many a times but couldn't be breached. So I am guessing that the volume at this support is strong enough to keep the price above $7k. $5k is not happening anytime soon.
I am expecting the price to go and touch $9k before anymore correction. If it gets the volume support at $9200, it can very well touch $13k back again.

The support level is quite strong despite of the recent drop it still took its way to rise again with the stable price of $7k range. So I don't think we will see that $5k within this month but if the recession will continue then we should expect that there is a chance that we will see that $5k in the future.

In my opinion, as long as price is below $7,300 the bias is for short trades. sellers aim to turn the $7,100 support into resistance and then target $7,000 level. Crossing that shorts will target $6,800. There are signs of bear exhaustion but have not played out yet. On the other hand Buyers are trying to impose a bullish momentum in the very short term. As long as the price remains well above 7,300-7,350 USD longs will be targeting the resistance at 7,450 USD followed by 7,500 USD. most signals given by moving averages are bullish now.

Nobody wants to see a massive dump. Maybe Bitcoin haters do, but nobody who remains here in the space. Most if not all of us have some bitcoins and dumps are always a painful thing to watch.

Technical analysis is never precise and as many times correct as it is incorrect. It all depends on the analyst. Known analysts like Dan Morehead, Tone Vays, Tom Lee, you name it, all of them were wrong somewhere in the last 2 years. Some more than others

I'm not sure what you say bitcoin will experience a dump, in my technical analysis for the 1D time frame, the $5000 support didn't exist until the end of January. if that happens maybe not this January. while the weekly timeframe for the Parabolic SAR indicator is slightly above the candle around $8100, which may be achieved in the near future. and there is a hammer candlestick, as I learned it is a sign of a bullish occurrence. so in my opinion $5000 won't happen anytime soon.

Well it just increased from the last day by +5.97%. I don't think that bitcoin wouldn't drop below 7k but the thing is it is still going through 7k till now that it is quite hard to say it would go down as early as now because we are just in beginning of 2020, and market are just taking the pace. Might be taking another month for btc to drop down, kinda think so.

$5000 is just waaay too low for bitcoin to fall at this point, we are getting closer to halving very soon and that means there won't be as many bitcoins being sold on the market as it used to be, I am not saying price will skyrocket but it will be a lot more difficult to sell bitcoin since there will be less of it, think about all those times when $10k bitcoin sold on the market all at once destroyed the market, well miners make that in 12 days so they had the power to drop the price whenever they want to and that will be gone very soon.

Hopefully, tho we will get bitcoin movement upwards but even if that doesn't happen $5k would require a lot more help for miners since they can't do it alone. I would say going towards $10k is more likely than $5k at this stage.

Anything is possible and in bitcoin, it does not need any reason, sometimes it just happens. Remember mid-2019 when the price is 3500 and the price suddenly jumps to 7k in a few weeks and continued to 12k before retreating back to  7.5k after few months? The reverse can happen if it keeps testing the support.

I don't want to see massive dump if I would be honest. But this is nearly possible if it doesn't even pump at $8,000-$8,500, then we can expect dump below $6k. However, we can't really say. Even technical analysis isn't precisely correct with unexpected sideways. Anyway, I am so excited with upcoming halving, this just means price spike though.

2 times dump and support at 6500 is quite strong, even after falling to 6880 bitcoin has now recovered to 7300, we see whether support 6500 will break, it might happen to 5000 but for now what will make bitcoin soon to 5000?

thats what you believe but that is not will going to happen,bitcoin is in the move to the top now and this is starting today.
from below 7k$ last night bnow it runs $7,300 again and continues to go up again so basically we are not pulling down to 5k$.

hahaha, i guess Bitcoin is nor more dumping but rather pacing up for another short bull run up to $10K. One thing that i have learnt about the path and trend of bitcoin price is never to conclude on a big dump once you see price starting to drop. Sometimes whales who use bots to trade can play on this behaviour of newbies so that they get to buy them from the newbies.

It seems Bitcoin will really hit 5k USD before making a good jump. Though it will hurt many people but honestly, I really want to get BTC at 5K USD! Because all we know Bitcoin halving is coming just after four months! I don't think there will be another time to get Bitcoin at this low price.

& 5,000 would break serious support lines and would be really bad... ^^ But the chances are higher for a break out to the upside imho.

We look to the future, don't look back, because in my opinion it's gloomy and there is no need to look at bad history, bitcoin has been pumped back, but not much, but I'm sure this is the starting point for bitcoin to jump higher and I'm sure demand will increase in a few months ahead let's wait for bitcoin really.
A price of $15,000 will be reached soon.