Topic: Do you think that Bitcoin's price will still drop nearly below $9000? - page 2. (Read 501 times)
January 28, 2018, 03:41:57 PM
I don't think this is going to happen based on the way bitcoin has performed this days. I have seeing bitcoin tried to Break $10,000 downward but failed several times and it has started recovery.Bitcoin falling below $9,000 is still possible but I don't think we could have that now as all the indicators proved the downward trend to be over.from now on I expect a serious price upward movement that might push bitcoin above the last high of $20,000.
January 28, 2018, 01:24:46 PM
I think, bitcoin price will still drop at $9000 to $7000. It was happened past of bitcoin prices that are going dump but for sure it may rise again in the last quarter of this year.
January 28, 2018, 01:13:25 PM
Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.
if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?
and why the decline in Bitcoin prices is quite prolonged?
if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?
and why the decline in Bitcoin prices is quite prolonged?
As I see it, Bitcoin will not go lower than 9 thousand - the crypto market whales will not let this situation. It will be fluctuating for some time, and then start to go up.
January 28, 2018, 11:56:49 AM
For me no, cause the price is now in 11k and for sure if the price fluctuate again maybe 10k is enough unless if there's another issue about banning some country that has a huge demand of supply like japan which is has a big plot mining or there's another panic selling.
I don't think the price of bitcoin will reduce to 9000$.Now the price is around 11,000$,soon it will reach more than 13,000$.If you have a bitcoin just hold it to get some more profit.
January 28, 2018, 11:39:39 AM
The price of bitcoin can be any. This will continue until bitcoin is a tool for currency speculators. It is therefore very important to bitcoin used as currency. Everyone who has coins can buy for them goods. It will not stop speculation, but their influence on price will be significantly weakened. Waiting to reduce the cost of transaction and confirmation is immediate.
Bitcoin prices are fluctuating only because it is being used as an investment vehicle and not yet as a currency. Anyhow there will be no possibility of prices to break $9,000 price levels as per current market sentiment. Confirmation time and transaction fees are getting reduced as people are switching into segwit wallets. I'm expecting bitcoin prices to double in next 30 days. We can expect new all-time high prices by end of this February, I mean to say there will be no possibility of bitcoin prices to break $9,000 price levels even it is being mostly used as investment opportunities. January 28, 2018, 10:43:45 AM
For me no, cause the price is now in 11k and for sure if the price fluctuate again maybe 10k is enough unless if there's another issue about banning some country that has a huge demand of supply like japan which is has a big plot mining or there's another panic selling.
January 28, 2018, 09:09:11 AM
It has the chance that it will drop to that price but bitcoin today is recovering now and maybe one day the price of it will go boom again.
That chance you are mentioning happened already remember? The month of January has been bloody to bitcoin so if you think that it will still drop at $9,000, I don't think so. It's done and what's done is done, so this will be the greener days and bitcoin and other alts are starting to rise. I'm not cutting the joy of every holder and traders here but this green is still uncertain if it will continue or not. 
January 28, 2018, 08:51:18 AM
If the price falls below $ 9,000, it can be difficult to quickly return to increases. Although I don't think the price has dropped to this level yet.
January 28, 2018, 07:57:34 AM
The price of bitcoin can be any. This will continue until bitcoin is a tool for currency speculators. It is therefore very important to bitcoin used as currency. Everyone who has coins can buy for them goods. It will not stop speculation, but their influence on price will be significantly weakened. Waiting to reduce the cost of transaction and confirmation is immediate.
January 28, 2018, 06:38:58 AM
TA Reasons:
-A single 2000% rise requires a spectacular correction based on the history of bitcoin TA
-Volume did not increase on the last wave up to 20K. Volume must keep increasing to maintain a trend.
-Some indicators on 1W have turned down
-blowout top
-the exponential line that was broken upwards at 8K failed to become support and was broken downwards
Fundamental reasons:
-Tax selling
-Possible insolvency at major exchanges
-Tether
-No more spectacular news to drive prices like the futures openings (which were a huge disappointment with tiny volume)
-Failure to resolve scalability issues
-Failure of lightning network
-Government action
-Competition
-A single 2000% rise requires a spectacular correction based on the history of bitcoin TA
-Volume did not increase on the last wave up to 20K. Volume must keep increasing to maintain a trend.
-Some indicators on 1W have turned down
-blowout top
-the exponential line that was broken upwards at 8K failed to become support and was broken downwards
Fundamental reasons:
-Tax selling
-Possible insolvency at major exchanges
-Tether
-No more spectacular news to drive prices like the futures openings (which were a huge disappointment with tiny volume)
-Failure to resolve scalability issues
-Failure of lightning network
-Government action
-Competition
That's good analysis brother and these are all affecting bitcoin price movement in all aspects of it while many didn't see it's coming to their face. So let's be straight forward to this, bitcoin needs all of these big news in order to make it rise again and I assume everyone saw all of this and it's not just an opinion but rather a fact.
January 28, 2018, 03:08:01 AM
It has the chance that it will drop to that price but bitcoin today is recovering now and maybe one day the price of it will go boom again.
January 28, 2018, 02:36:36 AM
As we all know everything is possible to happen, the market fluctuation is unpredictable in its exact figure, but that $9000 price is not impossible infact we are near that price nowadays, but then even though it did dip down i am positive that very soon it will climb up again to the moon because i trust the capability of bitcoin that this is really a reliable investment for everyone😃
January 27, 2018, 12:26:32 PM
The price increase of bitcoin began after there was a statement about increasing the scalability of the block. People have hope that bitcoin will be used as currency. The network was not ready to change and confidence in bitcoin has declined. I think that bitcoin price will never be below $ 9,000. Once the problem of scalability is solved the price of bitcoin will come back for a few days to $ 20,000. This will begin the growth rates.
January 27, 2018, 12:14:41 PM
The dip is mostly over and prices are recovering now. It can drop below 9000 but I think it will go up.
It's gone down below $9000 a few times but bounced back up within about half an hour to 45 minutes.
I think there is a lot of institutional money sitting just below $9000. They want bitcoin to diversify their portfolios, but don't want to overpay, so they've set up buy orders just below $9k to take advantage of flash crashes.
January 27, 2018, 07:50:07 AM
I think Bitcoin is at a risk now of being ignored by the market and hence its price may not increase as much during a bull run. This is because people are more interested in higher returns investing into alts, and they're also spreading their "core" portfolio into next-gen coins like ADA, EOS, ETH, NEO etc. BTC is viewed as a dinosaur by many investors so there is a chance it could drop in value whilst the majority of the market goes up. Whether it will reach $9k exactly or not is just speculation.
No one ignores Bitcoin. This market just follows the money trail. If Bitcoin experiences a stagnant period of time, people tend to shift towards altcoins temporarily to try their luck there. Money doesn't like to sit still doing absolutely nothing. This market is largely driven by events and happenings justifying a bull run to get initiated, where the future markets of last year were a perfect example. As soon as the future markets became active, the market took a few steps back, and rightfully so. Does that mean Bitcoin decreased in value significantly? Technically, yes, but not if you look at how extremely overbought the market was. In other words, current levels aren't all that bad. Still 10x higher than last year.
January 27, 2018, 05:57:19 AM
Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.
if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?
and why the decline in Bitcoin prices is quite prolonged?
No one can predict the exact price of bitcoin, which is certainly the cause of bitcoin down is one of them the decline in interest to invest in bitcoin, or it could be because some news that gives information about bitcoin is prohibited in some countries.if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?
and why the decline in Bitcoin prices is quite prolonged?
Yeah no one can predict buy anyone can see the buy support placed so that the price of bitcoins would not fall for 9000$ but we cannot disclosed if this price would reached since if another fuds will spread we can see the bottom line of the price reach. But let's think positive about it since the current price of bitcoins are standing on 11269$ at the current rate and maybe this little pump continue and those 10k$ is the lowest price reached by the bitcoin on this year.
January 27, 2018, 05:50:11 AM
in the dropping phase which started on 7 of January price already tested the $10k bottom multiple times. once during the initial drop and the peak of panic on 17th and next after the FUD peak of 23rd and finally it was tested yesterday on 26th.
each time the support shows its strength and keeps the price up.
i don't expect this to change even if there were any new FUD and panic which there won't. but as you may well know this is bitcoin and nothing is impossible.
for now you should expect the same sideways although i am still feeling bullish
each time the support shows its strength and keeps the price up.
i don't expect this to change even if there were any new FUD and panic which there won't. but as you may well know this is bitcoin and nothing is impossible.
for now you should expect the same sideways although i am still feeling bullish
January 27, 2018, 04:52:27 AM
Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.
if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?
that's the thing though! most of those predicting the price drop (who usually predict around $6k) are doing it because they have missed the boat. they have to base for what they are saying, it is just their wish for bitcoin to have another drop so they can not-make the same mistake they made last time.if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?
Quote
and why the decline in Bitcoin prices is quite prolonged?
I wouldn't say it is prolonged. it is not months of downtime. it is only a couple of weeks. and considering bitcoin has been rising for most of 2017, a month of drop and staying down without any major rally is quite expected as a correction. 
January 27, 2018, 03:40:10 AM
TA Reasons:
-A single 2000% rise requires a spectacular correction based on the history of bitcoin TA
-Volume did not increase on the last wave up to 20K. Volume must keep increasing to maintain a trend.
-Some indicators on 1W have turned down
-blowout top
-the exponential line that was broken upwards at 8K failed to become support and was broken downwards
Fundamental reasons:
-Tax selling
-Possible insolvency at major exchanges
-Tether
-No more spectacular news to drive prices like the futures openings (which were a huge disappointment with tiny volume)
-Failure to resolve scalability issues
-Failure of lightning network
-Government action
-Competition
-A single 2000% rise requires a spectacular correction based on the history of bitcoin TA
-Volume did not increase on the last wave up to 20K. Volume must keep increasing to maintain a trend.
-Some indicators on 1W have turned down
-blowout top
-the exponential line that was broken upwards at 8K failed to become support and was broken downwards
Fundamental reasons:
-Tax selling
-Possible insolvency at major exchanges
-Tether
-No more spectacular news to drive prices like the futures openings (which were a huge disappointment with tiny volume)
-Failure to resolve scalability issues
-Failure of lightning network
-Government action
-Competition
January 26, 2018, 09:28:14 PM
Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.
if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?
and why the decline in Bitcoin prices is quite prolonged?
No one can predict the exact price of bitcoin, which is certainly the cause of bitcoin down is one of them the decline in interest to invest in bitcoin, or it could be because some news that gives information about bitcoin is prohibited in some countries. if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?
and why the decline in Bitcoin prices is quite prolonged?
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