At the present time, the world is facing the risk of financial crisis caused by corona virus, many businesses are closed and the world trade situation is going in a bad direction. So I think bitcoin will go down in price in the near future, so it's likely to drop to $ 2500 ~ $ 3,000.
You do have points but lets see. It is indeed going to be interesting to see beforehand
Everything is possible in the cryptocurrency market, Btc at $ 2500 ~ $ 3,000 is just my prediction and I don't expect it to come true. I wish I could see Btc rise to $ 20,000 right now, maybe at the time many people in this forum would become millionaires.
True, everything is possible
The price moves like crazy these last few days, I mean we have literally seen a push to 6.8k, drop to 5.6k, push to 6.5k, drop to 5.6k, push to 6.9k! and drop a bit, this has been basically showing everyone that bitcoin is not going down because it is literally trying to go up, however it is also quite obvious that it is having hard time going up as well, so we are basically stuck in a very big spread instead.
Spread is normally where you buy and sell and there is a difference, so lets say 6530 to 6500 for example, that 30 dollars is the spread between buyers and sellers, well right now we basically have a 5.5k-7k spread
. I know it sounds crazy but that is true you have admit that price has been quite volatile in the past week or 10 days or so.
I do agree with you. It has been mostly moving in that spread range
And it does sound crazy
That's a hard question no one really knows but we can speculate having TA and predictions, I don't think BTC will go deeper than $3800 I hope so, Having seen this market recently it is very volatile and it is very risky to jump on trading especially on contract/leverage/margins/futures whatever it is called across different exchanges, we might be liquidated in minutes if we are not careful. If markets now really depend on this covid19 we are at risk what if the situation will worsen you know what will happens next.
Yeah, no one knows when bitcoin will rise now and when it will be dump how much it gonna rise and how much it gonna fall so it's all about the use of bitcoin in our life as the more we use it the more demand will rise and supply will be low so the price will rise itself. Better if not to trade yet and if you jump into trading just choose long term trading than suffering loss.
I agree with you as well
If the first week of isolation covers the whole world begins, we might realize we dont need money as we respond to the panic in past week. Lets get the necessities in our homes and assurance of health. Imagine how many bitcoin will be lost as many die in coming months. As time passes many will be looking for what to hold on to like bitcoin after the crises end. April will be pivotal in the space, after April and we stay above $5k we might stay above it throughout the year
Nice ananlysis
Still it is hard to say anything for sure in this space.
Surprised that there's no $1,000 option.
There is practically no resistance between $4,000 and $1,000... If it breaks through the strong support at $4,000, there is a good chance we could see a nasty flash crash all the way down to $1,000.
At that point I'd be going all in on Bitcoin, since I don't think we will ever see that value ever again.
Tbh, I doubt we'll even see $1,000. But if we do go back to $4,000 (like we almost did just days ago), it's certainly possible.
Thanks for the information. I didn't check the support levels at the time of making this poll but I will keep my eye on it as well. So far, I don't see any such kind of movement but everything is possible in this space. Lets stay alert and safe
I have only one view i.e to increase my btc amount no matter what the price is in usd.
At the present time, the world is facing the risk of financial crisis caused by corona virus, many businesses are closed and the world trade situation is going in a bad direction. So I think bitcoin will go down in price in the near future, so it's likely to drop to $ 2500 ~ $ 3,000.
Everyone understands that the world's disease situation will make the financial situation chaotic and the world is likely to fall into a crisis. But the price of $ 2500 ~ $ 3,000 is too low, I think we should be more optimistic.
We are optimistic and everybody in here is waiting for any chance to buy more if the crash happens which is likely not to happen