Topic: How far do you guys think BTC retraces after fork? (Read 327 times)
I really think we have a $5000 mark value safe zone if we can penetrate the $7000 mark I think there is a possibility when the fork occur we will just dip in the $5000, I think we are experiencing a surge of people buying right now and just holding their bitcoin right now we can see from a sudden increase on the price in just 2 days prior time we are heading again in a new all time high.
I say 5k
In my opinion probabl yback to around $4k or so.
Right now the price is going absolutely bananas. I don't think that this is going to continue forever because that has never happened with any asset class and it is just not sustainable to see this sort of huge profits every single day.
It could even before the fork, if people start panicking.
I'm going to go with in between your estimates, so a slow retrace back towards 4,500 after Segwit2x fork, settling down for a fresh attempt to break $5000 after Christmas. It's incredibly difficult to predict anything with Bitcoin now. One one hand you've got big players happy to take profit every ATH, confident that even a day's dip will give them opportunities for re buys at 5-10% profits easily. On the other you've got a non-stop influx of new people, many of whom are big bankers and middle-class suits with deep pockets, so buying demand will keep raising prices.
Then you've got our highly contentious Segwit2x fork, which I suspect will be a lot bigger, with weightier reactions than we experienced with BCH ad BCG. Efforts from substantial camps to force customers to recognise the forkalt as actual Bitcoin might work, too, you never know.
I think we should look at combined value of BTC and B2X, as we are mostly holders of BTC before the fork.
I believe the combined value will drop max 50%. Then the recovery is another thing...
I believe the combined value will drop max 50%. Then the recovery is another thing...
I say 5k
It really depends how high we go first. From the look of things, we are entering parabolic mode on the 4-hour and daily charts, with no sign of a blow-off top yet. So I'd say there's room to run. Ultimately, I think we will return to test the $6200 level at least (previous resistance). But if the rally runs out of steam soon, I imagine the price would throw back considerably further below $6000.
I'm not going to bother making any grand predictions until I see a clear lower high on the daily chart and signs of a mid term bearish trend forming.
I think it'll go back down to $7,500
Most sensible answer in this thread so far.
I think it'll go back down to $7,500
I say 5k
In my opinion probabl yback to around $4k or so.
Right now the price is going absolutely bananas. I don't think that this is going to continue forever because that has never happened with any asset class and it is just not sustainable to see this sort of huge profits every single day.
It could even before the fork, if people start panicking.
I think that BTC 2x has more supporters than all the previous forked bitcoins and this fork will hit the
bitcoin core price.I would say that there will be a price correction to around 4500 USD during November,but
the end of the year will be a pretty good time for btc core and we will reach 6500 USD.
bitcoin core price.I would say that there will be a price correction to around 4500 USD during November,but
the end of the year will be a pretty good time for btc core and we will reach 6500 USD.
I say 5k
i'd say around $4800 or $4600 since I'm just connecting the dots on the last successful fork. After such steep correction (plus a bunch of negative news), price was able to rebound @ $5000 and the rest was history from there. Right now there might be a lot of people cashing out acter the fork, given that it will be a weekend. After that, $7000 is pretty much achievable.
If at all there is a fork, we should look at the combined prices of BTC legacy and BTC 2x. I also think that we may go below $5000 on the BTC legacy coin, but the other branch will retain some value. If the miners gang up against BTC legacy, we might go a lot lower.
I say 5k
i'd say around $4800 or $4600 since I'm just connecting the dots on the last successful fork. After such steep correction (plus a bunch of negative news), price was able to rebound @ $5000 and the rest was history from there. Right now there might be a lot of people cashing out acter the fork, given that it will be a weekend. After that, $7000 is pretty much achievable.
I say 5k
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