Topic: BTC to hit $3k ? - page 4. (Read 1318 times)
Its possible but very unlikely. I see bitcoin's dip for 2018 march as 5000 dollars and I don't expect it to drop harder than that. But who knows some very bad news may pull price yet again to even lower levels.
I have a bad feeling about the close future... Feels like BTC under 6k is imminent. But selling right now also feels wrong, well, guess I keep hodling my bags.
Peter Brandt, the famous chartist commodies trader also made a similar prediction that if BTC closes below 8700 these days, that the target of the fall would be 3100... But the presence of the MtGox Trustee overrides all technical analysis here, and is in fact very buliish news for BTC on medium and longer terms.
I would go further and say that potential positive news always overrides any technical analysis. After all, I cannot recall that many chart specialists expected that Bitcoin will reach $20k in December 2017.
One big positive news bomb could raise the price to $10k overnight - but from the other hand - current bear market might be hard to escape from :/
Oh, man, if it happens we will celebrate this event! I mean we can buy Bitcoin for less and then make very good money when the crypto will grow greatly.
Yeah this will be the great time to invest again and start storing more bitcoins before it goes crazy again and start a rapid increase until it reaches ATH again. The sad situation that every holder is experiencing now is that bitcoin has became lower and lower day by day. We are all happy that it went down to $10,000 and became stable there but now its on $7,800. 
Oh, man, if it happens we will celebrate this event! I mean we can buy Bitcoin for less and then make very good money when the crypto will grow greatly.
I don't think this would be a reason to celebrate. If it were to fall below the point where it was regulated in Japan and Korea it would show that those achievements that we waited years for were meaningless. Those new markets would have to close for crypto for us to see 3000 again. It won't happen but if it did it would mean a disaster for crypto economy.
In my personal opinion, it will not fall until that low.
But, even if that is right, I see the opportunity to invest more when it reached that low, and hold it for longer term.
But, even if that is right, I see the opportunity to invest more when it reached that low, and hold it for longer term.
Oh, man, if it happens we will celebrate this event! I mean we can buy Bitcoin for less and then make very good money when the crypto will grow greatly.
I think it's going much lower. $3000 is way too much for a coin nobody is using anymore
BTC is very well known now. The overall crypto market is still expanding and BTC still the leader within that, obvious competition has taken a higher percentage but I dont believe demand is especially weaker.
In recent weeks BTC is actually improved with lower fees and faster clearance times, of course the market lags that effect and price is a reflection of previous accumulation being unwound. Eventually the improved utility of BTC will lead to greater growth and demand to support pricing, this is quite likely.
Put it this way, brand recognition has a worth and BTC has enough of understanding by such a large part of the globe it is a valuable brand. It has a worth ongoing for decades likely for this if no other reason. Same as any strong brand established
Time to go shopping if the $6k support levels will broke surely it will go back to $3k which is the last shield of bitcoin,probably because the mtgox will dump thousands of bitcoins that is why the market suffered a lot,people should be more aware so that we could prevent big losses at the market be vigillant and alert 
For causing bitcoin to reach below 6k$ in terms of price, massive sell off will be required. Not even whales hold such massive amount to dip bitcoin from current 9000$ rate to 3000$ rate. For bitcoin to hit such support level, it will take bitcoin to be dumped from majority holders all over the world, which seems highly unlikely. Even if bitcoins drops at 6k$ level, people will start buying in bulk and reinvesting which will again make bitcoin climb over 9000$. Well as per this TA, it will hit $3k by June 2018. Please look in to interesting analysis here,
https://twitter.com/SwenLink
https://twitter.com/SwenLink
You can't even read your own analysis. What about that line that indicates a very healthy and steady growth, which crosses your bearish trendline at around 7200. You seemed to have completely ignore it and keep drawing the line downwards. IMO we are oversold right now and below the point where Wall Street entered the game. We are also above the previous confirmed bottom of 6k. There are no indicators that the price will go below that point. It will most likely either bounce up from 7k or get double bottom at 6k.
Even if I do not think that it will fall so much, it seems like there is a possibility that the badness of the markets is the place to say that it affects the people.
For that to happen we will see a lot of coins to be in red, some might rationally pumping but since alts relies on bitcoin they will all be affected.
tbh, 3k at this point in june is very possible but i don't see any price below from that, if that happens we might see a coin already overtook bitcoin as number 1 crypto.
tbh, 3k at this point in june is very possible but i don't see any price below from that, if that happens we might see a coin already overtook bitcoin as number 1 crypto.
I think it's going much lower. $3000 is way too much for a coin nobody is using anymore
BTC touching 3k USD would most likely either require or lead to another coin to overtake it decidedly as the number 1 crypto-currency as well as the number 1 base currency for most of crypto trading.
People keeps on spreading FUD in hopes of buying bitcoin at a cheaper price. They are also these person who are frustrated who panic sell their bitcoins during falldown only to realize that skyrocketed to an all time high the following day. Or maybe, they are those people who just snob bitcoin when it was only valued at 1$ but they never bother to invest. No matter how hard they spread FUD, i believe that bitcoin's market price will never fall down that low at 3,000$.
6k is minimum for bitcoin as mining is not worth it if the price will go lower than 6k usd. So there is no chance to go down to 3k. Mining is quite important in bitcoin price.
Yes, I agree with that. If bitcoin drops below 6000$, it wont be affordable for the miners to buy such high tech CPU’s and GPU’s and to pay electricity bill. Price of bitcoin must be kept realistic, so balance can be maintained for the miners and the investors to prove it affordable. If bitcoin falls at 3000$ someday, the only thing I will do as investor is to fill my bags will all the bitcoin I can get, cause there might not be another such chance in future. Although I will still support the statement that 3k$ is highly unrealistic for bitcoin, but one can never know what might happen next in crypto market.
TA only shows possibility, not probability. There are also TA shows it will reach 50k in June.
Exactly. There is difference between possibility and probability. It’s just analysis that many people do worldwide. Many experts have also predicted a bullish trend for bitcoin in the month of June 2018. People have predicted that bitcoin will cross 40k$ and reach new all time high by the end of this year. There are different kinds of analysis by different people all over the community, but we are the one to decide, which seems realistic and which doesn’t. According to me bitcoin will cross 30k$ mark by the end of this year and it will not fall below support level of 8000$.
I don't believe that will in the near two years decline to $3,000 let a lone within this year 2018. Even if there are ban on crypto currency related activities in the major countries that believe in crypto currency it's value will not go down to $3,000 no matter what happen.
Well as per this TA, it will hit $3k by June 2018. Please look in to interesting analysis here,
https://twitter.com/SwenLink
https://twitter.com/SwenLink
I have also known experts that predicts that the price of Bitcoin will not reach that ATL but it will reach ATH of $20,000 to $25,000 by this year. One of these experts is the famous John McAfee so therefore who will be the best predictions of them all? TA just make a possible graph but did not supported it with data on why it will dip as low as $3,000 in which anyone can make such graph including you and me but we need a specific details to support our claims because if there is none then the graph will be consider as collection of arts.
I do not believe that the price will drop to 3k $, but it is of course possible in the world of cryptocurrencies. It rather seems to be spreading FUD and panic. The price would have to drop to around 5000k $ so that further price drops of up to $ 3,000 will be possible.
Well as per this TA, it will hit $3k by June 2018. Please look in to interesting analysis here,
https://twitter.com/SwenLink
The analysis doesn’t seem interesting to me. Bitcoin to 3000$ seems pretty unrealistic to me. Though bitcoin has seems some major corrections and has dropped quite much, touching 3k$ seems impossible. If bitcoin ever touches 3k$, just imagine, how much the altcoins will drop and also don’t forget the total market cap. Such massive drop can only been seen if handful of governments ban bitcoin and crypto currencies at the same instance. Bitcoin can max to max drop till support of 6k$ and not below that atleast not in this year. https://twitter.com/SwenLink
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