I believe BTC is going to trend down to $5,000 whats your thoughts

gabmen

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Quote from: virasog on April 19, 2018, 01:37:23 PM

Quote from: Gatorelf on March 26, 2018, 06:04:09 PM

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.

I feel totally opposite of this. 6000$ will be the last dump point and it will bounce back from here. The support level at 6000$ and below is very high and also whole of the community is ready to buy bitcoin at 6000$ - 8000$

Well it seems that 8k is the new support line now and btc is showing steady signs of moving sideways for a while. There'll still be many issues that'll go btcs way before this year ends but in general i think it'll be as good as 2017

Fedor07

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Well , there are small chances for bitcoin to drop at such a small price , he dropped deamatically at the neggining of this year , but just to 6000$ and after the drop grew up again to 8000$ and its remaining at this price for almost 2 weeks . Bitcoin could reach that value but just in the future , a couple of years a head becouse hes value is to big to drop so much in such a short time . Bitcoin shoulx start now to grow up and he should reach more then 15k by the end of this year .

BountyX

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I agree with you it will, but it will just because of reasons of speculation. Whales want to crash the price enough to be able to buy at a super-discounted price.

virasog

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Quote from: Gatorelf on March 26, 2018, 06:04:09 PM

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.

I feel totally opposite of this. 6000$ will be the last dump point and it will bounce back from here. The support level at 6000$ and below is very high and also whole of the community is ready to buy bitcoin at 6000$ - 8000$

maaydin

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so many things are going on right know and everything seems so blurred to me regarding the price range of btc, if the 9k is broken than it may go to 12k again but also the 6k pattern may get to the 4.5-5k level

2alt

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Yeah, nobody knows.

There were some MONSTER huge volume buys in the past 72 hours.

But have learned enough about btc and alts by now that when something like this is happening, alts are flying and we are up 50% in just 24 hours....good time to take your profits because a dump will be coming. And you don't want to be too deep into alts. As of right now. I do see a slump coming soon, but who knows. But I am quick and will react to how the market is performing.

daarul50

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Quote from: Gatorelf on March 26, 2018, 06:04:09 PM

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.

I applaud your belief in bitcoin. However, the current market conditions seem to differ from your beliefs. bitcoin has tripled the price range of $6600- $6800, where it is the nearest support before the last pump in December last year and the price point is also a new floor for bitcoin prices. Several times the price point is also formed a double bottom pattern and maybe big bullish will happen soon when the pattern is already formed.

Gatorelf

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Quote from: nskendrovic on April 07, 2018, 04:45:14 AM

Your price prediction is alright but your reason for it is wrong. It's not the adoption rate due to which bitcoin is dropping in price but the correction that the market is going through after such a huge rally we went through for such a long time.

well I disagree with that because adaptation of BTC by other countries increases the demand and as always in markets supply and demand are the reasons for price fluctuations.

kaisa

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Quote from: marjil on April 05, 2018, 04:47:20 PM

Quote from: kaisa on April 05, 2018, 01:23:39 PM

It's funny and unique, when a lot of people are busy talking about bitcoin going down without any apparent reason. fundamentally important but technically just a formula.
many arguments speculate that bitcoin drops due to over-priced miner transactions and many investors use altcoin and many other reasons.
give me a reason if bitcoin goes down, then it will rise again?

Yes this is what happens. The bitcoin is going up but it stopped short at the $6800 mark. If you look at the price yesterday it did a spike but lowered through the next six hours. Now it has done a price recovery. We can see it up to $6800 which is where we started in the current uptrend. This can be broken, so we could see a reduction back down to early Feb levels of around $5000. If we test the resistance there then we are looking at lowering to $4500 or maybe $4200.

Thank you Mr. Marjil, your statement above is the rise and fall of bitcoin based on technical analysis.
I agree with you, because as a trader technically we must learn the science of trading.

However, my strange thought in december 2017 is a very high rise and does not usually drop dramatically to date, more important is bitcoin technology that is predicted to be the currency of the future should be ruled out by the game market?

Baronggot

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My thoughts are not in the same page that you are looking/reading since it was already three times that bitcoin has gone to 6,000$ mark but it never went down to 5,000$ as it rises back again when it reaches 6,000$ for the third time this year.

morozo

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Quote from: Gatorelf on March 26, 2018, 06:04:09 PM

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.

Many of the crypto experts have made similar predictions about bitcoin prices going down to $5000. The possibility of that happening now is less than 30% in my opinion.

Valer4ik

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The conclusion is this: the market is under the control of sellers. They are preparing to move to the level of $ 6000 per bitcoin. In order to discourage them from selling bitcoins, customers need to go through two levels at $ 6,900 and $ 7,140. I do not know what to do with them. You can only cross your fingers and beg the market to turn around. Only this does not work. I'm already mentally ready to break through the $ 6000 mark for bitcoin. After it, the road opens to $ 5,270.

Kolly

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Quote from: caberum on March 26, 2018, 07:13:20 PM

Quote from: darkangel11 on March 26, 2018, 07:07:49 PM

I second that. While some of you might see it as sluggish, it actually confirmed the bottom at 6k

I promise you the price will be in the $2000 region by the end of the year

Have you seen the future sir? I mean you talk as if you are 100% sure that prices would really hit the 2K mark. Or are this remarks to create fear on holders??

nskendrovic

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Your price prediction is alright but your reason for it is wrong. It's not the adoption rate due to which bitcoin is dropping in price but the correction that the market is going through after such a huge rally we went through for such a long time.

Visbay

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Quote from: raidarksword on April 06, 2018, 09:29:04 AM

It is really unpredictable, as always that's why bitcoin is volatile. It's a quite a scare if that happen, expect the worst could happened but i believe bitcoin will rise back up from the dead, without a doubt. Bitcoin is gaining stable price so let's expect a great price few months from now.

Bitcoin has very volatile nature it use to change all the time but still it has allot of power and potential, bitcoin is going down so it is time to hold and wait till the price of bitcoin will be high once again, time never remain same, so wait and let’s see what happened next with our bitcoin, but I am really hopeful that price of bitcoin will increase very soon and this time price of bitcoin will go above 50k dollar same as was happen in 2017.

SiDtHeBeSt

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Well I personally think it won't be dropping down to as low as 4.5k to 5k usd. It might drop to 6k at max and then start going back up again. Currently, it looks pretty stable at 6.5k-7k and I think it won't be leaving this price range anytime soon, unless it starts increasing. But, if some fake news, rumors, price manipulation by whales occurs, it could drop a lot more.

M0N3YMAGNET

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They want to take away everyones Bitcoin. If you stop selling, you will realize this. Don't sell to the banks. The ICO's have been cashing in on suckers. They have been doing this again, and again and again. Taking your Bitcoin.

Reid

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Quote from: Gatorelf on March 26, 2018, 06:04:09 PM

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.

I hope not.

Another wave of FUD's will happen if that happens and worse case is higher percentage of bitcoin holders could panic that history might repeat itself.
The strong hands will be left and I know that. Hodlers will stay.
But everything can be pulled down even with the smallest amount holder. With addition of FUD and false predictions it could end up getting lower than that.

Tungsten-1

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Quote from: raidarksword on April 06, 2018, 09:29:04 AM

It is really unpredictable, as always that's why bitcoin is volatile. It's a quite a scare if that happen, expect the worst could happened but i believe bitcoin will rise back up from the dead, without a doubt. Bitcoin is gaining stable price so let's expect a great price few months from now.

Yeah bitcoins have been down since so long time. From the last December, prices have been down and they are not reviving back. Like in the past, whenever prices for bitcoins have gone down, they somehow got managed to get back out of that dip. But this time, this dip has been so long that bitcoins have suffered so badly. People start losing interest so to keep all this charm, bitcoins need to get back.

catok broek

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Quote from: BingoDog on April 06, 2018, 09:26:18 AM

It's strange how every time when the price comes around 6000$ speculations about price going down under 5000$ begin. Everthing is possible, I don't say but to my opinion curently market doesn't seem like falling deeper down. Actualy I would say that price will stay somwhere between 6000$ and 7000$ for a while.

I think it is really strange for Market players. their psychologies affect markets, and markets trends influence the players psychologies. that is how investment business works.
today's market is much affected by the incident in India, but the prices still don't fall deeper which means the price of bitcoin won't reach down $5000.
I agree bitcoin price will stay somewhere around $65000.

Topic: I believe BTC is going to trend down to $5,000 whats your thoughts (Read 880 times)