What will happen to BTC next week ? | Bitcointalksearch.org

bohr

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Quote from: Sadlife on January 14, 2017, 01:31:25 AM

Bitcoin rate continued to rise during the first weekdays of 2017 and reach its all time high price around $1139.89 but after that it has tremendously fallen and reach its current value $822.49.
So, the bullish wave, that has been fueling the price rate to surge since the last year or to be more precise since september, has been apprently reverse and the price rate of bitcoin has continuesly drop since then. Ive read some bitcoin speculations that this will continue til the upcoming week. So, what can we expect during the upcoming week ? Will the BTC price continue's to rise up after this brief price correction attempt ? Or the big guys in the market will continue to pull its price to lower levels ?

It will depend, probably nothing too big will happen but with Trump taking office it could make markets move like crazy if he does something big in the first days on office.

icecube45

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Quote from: Shiroslullaby on January 15, 2017, 09:16:54 PM

Its only going to take a tiny bit of momentum and I think we could easily get back to the $900 to $1000 range.
Unless there is some really bad news in the next couple weeks, people are going to realize the recent stories about China regulating or banning Bitcoin were just rumour, as usual.

Yeah right price will certainly be back to the numbers that you mentioned and will not drop further down. But for a few weeks I think the prices will still not stable and will remain as it is now because there are several factors that slow the growth of bitcoin, such as the one that you said. I'm sure this will not last long and prices will soon recover, most importantly do not panic and make mistakes because it will affect the market price.

Shiroslullaby

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Its only going to take a tiny bit of momentum and I think we could easily get back to the $900 to $1000 range.
Unless there is some really bad news in the next couple weeks, people are going to realize the recent stories about China regulating or banning Bitcoin were just rumour, as usual.

d5000

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I'm slightly changing my prediction: It looks bullish now, although we need to get past $838/40 (on Bitstamp and Bitfinex) to confirm it. If this point is passed, then I think momentum will build up and sentiment will get positive.

In case of a top in the 830s, the sideways market is likely to continue as I don't expect a sell-off for now. That would be even better for the long term as so a solid floor could form.

cryptoanalyzer

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Well I guess it depends on the crisis going on in china about keeping fiat inside and somehow literally freezing BTC. But for more info you could check speculation section. You might find a better answer These.

yonton

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I'm referring only to the third big drop that happened jan 11. 6 movements of 1000 btc balance which were dormant since 2011-2013 all from one whale.

richardsNY

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Quote from: yonton on January 14, 2017, 11:35:30 PM

The whale that dumped at $ 920 was unnecessary. I believe that's where we should have stayed after the correction. The next breakout should get us back in the 920 range where we will find a solid support.

It wasn't just one whale dumping, but more like several and after that the panic went through the market which resulted in regular people to start dumping in panic. I am happy with the level of correction that we have experienced as it allowed me to buy back +$250 lower than where I sold at. And I am sure other people who bought back are thankful for this opportunity as well.

ophyrim

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We are at the resistance level now. And the correction which started at the level of $1250-1300 seems finished and I don't think the fall will continue more. Because the volume becomes very scant. In my opinion, the index will rest a little bit at this level and then restart to rise up. I think in this year the index will break $1250-1300 level.

yonton

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The whale that dumped at $ 920 was unnecessary. I believe that's where we should have stayed after the correction. The next breakout should get us back in the 920 range where we will find a solid support.

ipanks

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Quote from: burner2014 on January 14, 2017, 07:29:38 PM

Base price has now in its stable price. And is a great news for all us.
As explained by the analyst that the reduced volatility had now taken a step back and we will just wait and see what would happen as they've seen that the negative impact changes that occurred has seemed more optimistic about it.

i hope $8xx its a stable price, i see that in a few days ago until now, the price is still in around $8xx but i am curious what will happen in next weeks but i am waiting for the jump of the price. yesterday i see the different price in about $3 and i think there is traders will make a good profit with this price.

jakelyson

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We are back where we left before the price started pumping before the end of 2016. Hopefully the FUD will mellow down and the price will start to move back up, just like what it was doing before it rocketed to 1000+.

The Sceptical Chymist

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Quote from: Sadlife on January 14, 2017, 01:31:25 AM

Bitcoin rate continued to rise during the first weekdays of 2017 and reach its all time high price around $1139.89 but after that it has tremendously fallen and reach its current value $822.49.
So, the bullish wave, that has been fueling the price rate to surge since the last year or to be more precise since september, has been apprently reverse and the price rate of bitcoin has continuesly drop since then. Ive read some bitcoin speculations that this will continue til the upcoming week. So, what can we expect during the upcoming week ? Will the BTC price continue's to rise up after this brief price correction attempt ? Or the big guys in the market will continue to pull its price to lower levels ?

We seem to be stuck in a range, $820-840, but it hasn't been all that long. I think we're going to break to the upside but I have absolutely no evidence to support this. Just a gut feeling and probably worthless, too. We were stuck so long last year at $420--it was like months before the halving, and no one could tell what it was going to do. We're just about double that, so we're doing pretty well. Yeah we almost hit the ATH, but where we're at is not too shabby.

burner2014

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Base price has now in its stable price. And is a great news for all us.
As explained by the analyst that the reduced volatility had now taken a step back and we will just wait and see what would happen as they've seen that the negative impact changes that occurred has seemed more optimistic about it.

lionheart78

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Quote from: d5000 on January 14, 2017, 03:30:23 PM

I've started to change to "slightly bullish" mode since the price recovered from the last dip. The reason is that the price only dipped under 5000 CNY for a very short time and the $720-30 resistance levels were not broken.

Since then, price has been fairly stable in the 780-850 area, with short upside and downside moves. My guess is: if we stay here for a while - and it's more probably every day - then we'll develop a good bottom for the next rally.

So to answer the question: I think the price will continue to stay between $780 and $850 for the whole next week; maybe at the end of the week it could near $900. Breaking $850 for more than 24 hours would be a bullish indicator.

Possible this range will stay $780-$850 for a week, depends on the upcoming news, the price of Bitcoin will follow. As of now there is no factor to make Bitcoin price rise after the announcement of China about Bitcoin that triggers the sell panic and crash the Bitcoin price down to sub $800. So I guess by next week unless there is good press or development on Bitcoin, it will stay in this range.

iqlimasyadiqa

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Quote from: kryptqnick on January 14, 2017, 12:53:42 PM

I don't think there are big guys who try to keep the price lower. I think it is rather a big amount of people woth some sums of btc thinking it's the best time to sell everything now. I think the price will fall more and will stabilize around $650, so next week we'll see something like $730 as a btc price. I hope this won't happen, of course. People say this time when the price hit $1k it was different from two years ago, so maybe the price will grow again.

they are the people who want to take advantage alone. bitcoin selling so cheaply create market panic sell.
bitcoin prices should be maintained when we save bitcoin longer.

d5000

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I've started to change to "slightly bullish" mode since the price recovered from the last dip. The reason is that the price only dipped under 5000 CNY for a very short time and the $720-30 resistance levels were not broken.

Since then, price has been fairly stable in the 780-850 area, with short upside and downside moves. My guess is: if we stay here for a while - and it's more probably every day - then we'll develop a good bottom for the next rally.

So to answer the question: I think the price will continue to stay between $780 and $850 for the whole next week; maybe at the end of the week it could near $900. Breaking $850 for more than 24 hours would be a bullish indicator.

talks_cheep

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One of the following three things will happen, guaranteed:

1. Price stays largely the same, ie +/- $20
2. Price goes up a lot, like more than $20
3. Price drops down a lot, like more than 20

No need to thank me.

Bitcoinsummoner

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Quote from: kryptqnick on January 14, 2017, 12:53:42 PM

I don't think there are big guys who try to keep the price lower. I think it is rather a big amount of people woth some sums of btc thinking it's the best time to sell everything now. I think the price will fall more and will stabilize around $650, so next week we'll see something like $730 as a btc price. I hope this won't happen, of course. People say this time when the price hit $1k it was different from two years ago, so maybe the price will grow again.

I wish that they can not push more decrease back below and i think the price from $1k value is just a panic sell because of trending news that they seen in reddit.. and other forums. . and i think the price could be rise more soon much better to wait more weeks that the price could be rise back even in 900 level..
I believe that more company will come to contribute and push the price back to the normal price..

pooya87

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Quote from: Sadlife on January 14, 2017, 01:31:25 AM

Bitcoin rate continued to rise during the first weekdays of 2017 and reach its all time high price around $1139.89 but after that it has tremendously fallen and reach its current value $822.49.
So, the bullish wave, that has been fueling the price rate to surge since the last year or to be more precise since september, has been apprently reverse and the price rate of bitcoin has continuesly drop since then. Ive read some bitcoin speculations that this will continue til the upcoming week. So, what can we expect during the upcoming week ? Will the BTC price continue's to rise up after this brief price correction attempt ? Or the big guys in the market will continue to pull its price to lower levels ?

well i like to think of what you said more like this: there was a tremendous rise in a very short time from $780 to $1150 and then it had to be corrected so it dropped and caused a volatile situation as you can see right now. but the fact that we are still above that resistance levels we started from i don't think anything lower than that is possible. although we can never be sure with bitcoin.

kryptqnick

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I don't think there are big guys who try to keep the price lower. I think it is rather a big amount of people woth some sums of btc thinking it's the best time to sell everything now. I think the price will fall more and will stabilize around $650, so next week we'll see something like $730 as a btc price. I hope this won't happen, of course. People say this time when the price hit $1k it was different from two years ago, so maybe the price will grow again.

Topic: What will happen to BTC next week ? (Read 1821 times)