What's the lowest we'll see from here on out (3/15 and beyond)

figmentofmyass

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Quote from: Virtual miner on March 18, 2019, 02:11:52 PM

As per my analysis. Bitcoin has sort of done with its great downtrend which lasted for more than an year. But this doesn't means that there are good days ahead. As per my analysis bitcoin has now become range bound. Which means it might continue to travel into a sideways trend until a big momentum arrives which pushes it upwards. As of my analysis range of $3300 to $4500 would be the new see-saw for bitcoin and once we reach either edge of this range with a high momentum it is difficult to say it will break it.

$4500 seems like a very odd choice. we've been consolidating below $4200-4300 for 3 months now. if we break above those levels, there's gonna be a big short squeeze as all the bears buy back in. that'll be a much bigger move than $200, so we won't stop at $4500.

BitHodler

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Quote from: exstasie on March 18, 2019, 01:48:34 PM

Going to $5K doesn't mean anything, certainly not the start of a bull market. That could just be the top of long term trading range or the top of a bull trap. See November 2014 for a potentially similar move. People will think it's the start of a bull market and then get bull trapped.

It's possible, but people seem to be so focused on their perfect chart bottoms, that they might get trapped in themselves. Back then we had nothing going for us while today that's different.

On the other hand, currently it seems that we're stuck below the previous resistance around $4200 which might indicate that the little bit of momentum we had is fading. Typical bear market behavior that is.

Regarding OP, this could very well turn out to be a very long lasting bear market. Higher prices means more money needs to flow into Bitcoin in order sustain the current levels.

Based on that it's difficult to say, but my best guess would be $2000-$2500 assuming the bottom isn't in yet.

Virtual miner

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Quote from: thecodebear on March 14, 2019, 11:55:57 PM

It is March 15th (well it will be in an hour here) and bitcoin has been stable in the 3700s and 3800s for a while now.

What do you think is the lowest price we'll see in Bitcoin's future? Is it about to push through $4000 and stay above the $3000s bottom? Will it head back to mid-3000s for a while? Will it retest the $3100s december low? Will it crash down under $3000? Will it remain strong in the high range of the bottom (high-3000s to low 4000s) for a while and not go much lower?

What do you think? What is the lowest price you see from here on out?

As per my analysis. Bitcoin has sort of done with its great downtrend which lasted for more than an year. But this doesn't means that there are good days ahead. As per my analysis bitcoin has now become range bound. Which means it might continue to travel into a sideways trend until a big momentum arrives which pushes it upwards. As of my analysis range of $3300 to $4500 would be the new see-saw for bitcoin and once we reach either edge of this range with a high momentum it is difficult to say it will break it. I am saying this because BTC has just formed a higher low but the same hasn't been followed by a higher high but a lower high instead moreover the RSI too is stuck somewhere between 40-60 which itself is a sign of a sideways trend.

exstasie

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Quote from: pooya87 on March 16, 2019, 11:31:14 PM

Quote from: exstasie on March 16, 2019, 05:08:18 PM

Quote from: 1Referee on March 16, 2019, 04:45:03 PM

Always make sure to have a bunch of fiat ready to put in action would the price tank hard. One last high volume flash crash wick could signal an actual bottom that people on a large scale would agree on that it is a bottom. People focus on double bottoms, v bottoms, etc. It could speed up recovery if so. Currently people are still in doubt due to how ugly the charts look.

For good reason too. Even if we do another leg up to $5K+ it could easily be a bull trap like late 2014. Without a clear reversal sign (like the high volume V-bottom in January 2015) it's only sensible to assume the bear trend will continue a good % of the time. That's why we call them trends.

but a rise like that (to $5k) can effectively mean the start of the bull run as all of those investors who are currently waiting on the sidelines with their money to see a sign before they jump on board will do it when they see such a rise. i don't think we really need a "V-bottom" as you say, for the rise to begin.

Nobody said we need a V-bottom. But a V-bottom would actually signify the bottom is in. Right now we have zero signals the bottom is in so it's a really dumb assumption.

Going to $5K doesn't mean anything, certainly not the start of a bull market. That could just be the top of long term trading range or the top of a bull trap. See November 2014 for a potentially similar move. People will think it's the start of a bull market and then get bull trapped.

Kopyleft

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Quote from: Slow death on March 15, 2019, 01:55:59 PM

fall below $3000 will be a big disaster

I think it is unlikely that it falls below that range. And it all depends on the factors behind the fall, the market is unpredictable, but it follows patterns and reacts to them. The price could only fall so low considering there is a community of enthusiasts and hodlers.

sheenshane

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In my own speculation, there's a big chance that the price of the Bitcoin would drop below 3,000 USD but after that, the price will go high as the sky. Sooner, the Bitcoin will become lucrative again because of the events that will happen globally. People are moving their currencies to assets where their money will go high or not become low price. Bitcoin is one of the best options for the tycoons to move their fiats to keep their wealth except gold so I am expecting Bitcoin to rise soon.

YuginKadoya

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Right now the price is at $4000 USD is it going to continue up or it is going back down again? Well, we will never know, Apparently, It is still a possibility to go up to the $5000 USD because certain people that asking for sign of moving up may think that the bull market is starting and they will ride the trend of the price moving up, but I guess it is just a slow pace moving up and bitcoin price is correcting itself, In my opinion, we can still experience a downward trend or a dead cat bounce, And This is not a bull run movement for me.

pooya87

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Quote from: exstasie on March 16, 2019, 05:08:18 PM

Quote from: 1Referee on March 16, 2019, 04:45:03 PM

Always make sure to have a bunch of fiat ready to put in action would the price tank hard. One last high volume flash crash wick could signal an actual bottom that people on a large scale would agree on that it is a bottom. People focus on double bottoms, v bottoms, etc. It could speed up recovery if so. Currently people are still in doubt due to how ugly the charts look.

For good reason too. Even if we do another leg up to $5K+ it could easily be a bull trap like late 2014. Without a clear reversal sign (like the high volume V-bottom in January 2015) it's only sensible to assume the bear trend will continue a good % of the time. That's why we call them trends.

but a rise like that (to $5k) can effectively mean the start of the bull run as all of those investors who are currently waiting on the sidelines with their money to see a sign before they jump on board will do it when they see such a rise. i don't think we really need a "V-bottom" as you say, for the rise to begin.

exstasie

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Quote from: 1Referee on March 16, 2019, 04:45:03 PM

Always make sure to have a bunch of fiat ready to put in action would the price tank hard. One last high volume flash crash wick could signal an actual bottom that people on a large scale would agree on that it is a bottom. People focus on double bottoms, v bottoms, etc. It could speed up recovery if so. Currently people are still in doubt due to how ugly the charts look.

For good reason too. Even if we do another leg up to $5K+ it could easily be a bull trap like late 2014. Without a clear reversal sign (like the high volume V-bottom in January 2015) it's only sensible to assume the bear trend will continue a good % of the time. That's why we call them trends.

1Referee

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Quote from: Slow death on March 15, 2019, 01:55:59 PM

fall below $3000 will be a big disaster

It depends on how it happens, and on what side of the road you are.

It could be just a flash wick that gets bought up quickly, which is the most likely scenario in case the market hasn't actually closed below major support levels and the 200 wma on a weekly time frame. In that case it would subject the market to extreme volatility but at the same time amazing opportunities for those looking to acquire more coins for the same amount of fiat.

Always make sure to have a bunch of fiat ready to put in action would the price tank hard. One last high volume flash crash wick could signal an actual bottom that people on a large scale would agree on that it is a bottom. People focus on double bottoms, v bottoms, etc. It could speed up recovery if so. Currently people are still in doubt due to how ugly the charts look.

ricardobs

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Quote from: thecodebear on March 14, 2019, 11:55:57 PM

It is March 15th (well it will be in an hour here) and bitcoin has been stable in the 3700s and 3800s for a while now.

What do you think is the lowest price we'll see in Bitcoin's future? Is it about to push through $4000 and stay above the $3000s bottom? Will it head back to mid-3000s for a while? Will it retest the $3100s december low? Will it crash down under $3000? Will it remain strong in the high range of the bottom (high-3000s to low 4000s) for a while and not go much lower?

What do you think? What is the lowest price you see from here on out?

I think you need to revisit where you checked the price of the coin yesterday because as at the time of making this comment, the price of bitcoin have already gotten to $4000 so I guess you already know whats next.

Incase you don't know, let me make clear to you on what you should expect within the next few weeks, we are going to see the price of bitcoin struggling between $4000 and $4200 for the next few weeks or maybe the next few months but that will not stop bitcoin from seeing a bull run in price to about $8000 in the last quarter of the year.

magneto

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Quote from: thecodebear on March 14, 2019, 11:55:57 PM

It is March 15th (well it will be in an hour here) and bitcoin has been stable in the 3700s and 3800s for a while now.

What do you think is the lowest price we'll see in Bitcoin's future? Is it about to push through $4000 and stay above the $3000s bottom? Will it head back to mid-3000s for a while? Will it retest the $3100s december low? Will it crash down under $3000? Will it remain strong in the high range of the bottom (high-3000s to low 4000s) for a while and not go much lower?

What do you think? What is the lowest price you see from here on out?

We're still seeing quite strong resistance at the $4k level.

I think that we've already seen the stability that comes at the bottom of bear markets, which would suggest that a recovery will be underway soon. Personally, as I've said before, I don't expect at this point the lows of the past to be tested. It is evident to me at least that a trend reversal will be happening in the future soon, if not already occurring, due to the fact that past bear markets have all concluded at around the same percentage loss(~75%) and time frame (1-1.5 yrs) as what is currently the case.

I think we'll hang in the $3k-5k range for a while though, even if the resistance at $4k clears. I don't think the market sentiment is that bullish yet, nor is it ready for a full on bullish breakout. It'll be interesting to see the psychological effects of halving on the market though, there could be some fomo there.

Febo

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Quote from: thecodebear on March 14, 2019, 11:55:57 PM

It is March 15th (well it will be in an hour here) and bitcoin has been stable in the 3700s and 3800s for a while now.

What do you think is the lowest price we'll see in Bitcoin's future? Is it about to push through $4000 and stay above the $3000s bottom? Will it head back to mid-3000s for a while? Will it retest the $3100s december low? Will it crash down under $3000? Will it remain strong in the high range of the bottom (high-3000s to low 4000s) for a while and not go much lower?

What do you think? What is the lowest price you see from here on out?

Probably we had reach bottom but we will go close to the bottom price when bear trap will happen after the longer period of optimism in summer or autumn. What is the lowest is hard to say but fro sure today is not the lowest.

Slow death

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Quote from: thecodebear on March 14, 2019, 11:55:57 PM

What do you think is the lowest price we'll see in Bitcoin's future?

I have no idea, we are priced at $3900 and we do not have great good news capable of creating conditions to have a great price increase, so if the price is not going up, what will happen? the price is likely to drop a lot in the coming months. these months that follow are not good for bitcoin, maybe starting from setembero we start to see a small increase of prices

Quote from: Kopyleft on March 15, 2019, 02:37:00 AM

I would want to believe that going forward bitcoin would not drop lower than it already is.

fall below $3000 will be a big disaster

semobo

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Quote from: thecodebear on March 14, 2019, 11:55:57 PM

It is March 15th (well it will be in an hour here) and bitcoin has been stable in the 3700s and 3800s for a while now.

What do you think is the lowest price we'll see in Bitcoin's future? Is it about to push through $4000 and stay above the $3000s bottom? Will it head back to mid-3000s for a while? Will it retest the $3100s december low? Will it crash down under $3000? Will it remain strong in the high range of the bottom (high-3000s to low 4000s) for a while and not go much lower?

What do you think? What is the lowest price you see from here on out?

It havve to be $3700 range because we jumped from $3300 level to now so the prices are actually moveing upwards so no more decline.

exstasie

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Quote from: thecodebear on March 14, 2019, 11:55:57 PM

Will it retest the $3100s december low? Will it crash down under $3000?

I'm short term bullish, looking for a squeeze above $4,200. That'll be a good selling opportunity.

However I'm still leaning towards one of these bearish options longer term. I just don't see the kind of recovery, volume, or buying pressure to give me any confidence that we've already hit the bottom. Buyers obviously don't have confidence; there is no FOMO here. It'll be months and months of sideways sloshing if we have bottomed so there's no rush to buy back right now.

stompix

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Quote from: jhongzjhong on March 15, 2019, 02:34:58 AM

I think we've already reached the lowest price last month when it almost drops below $2000,

When the hell did that happen?
The lowest point on Bitfinex and Bitstamp in February was well above 3000$, what are you talking about?

Quote from: thecodebear on March 14, 2019, 11:55:57 PM

What do you think is the lowest price we'll see in Bitcoin's future? Is it about to push through $4000 and stay above the $3000s bottom? Will it head back to mid-3000s for a while? Will it retest the $3100s december low? Will it crash down under $3000? Will it remain strong in the high range of the bottom (high-3000s to low 4000s) for a while and not go much lower?

I would go for the combo option, we're not over with the unexpected pumps and dumps, the movement of the swings has become a big narrower lately but we're still seeing the price going up and down by a few hundred bucks one time.

The only one that I'm giving slim chances of happening is a crash below 3000$ with no immediate recovery back. A flash crash...maybe, a prolonged one, not likely.

Kopyleft

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Quote from: thecodebear on March 14, 2019, 11:55:57 PM

What do you think? What is the lowest price you see from here on out?

My thoughts are just that, thoughts, opinions. Frankly, I would want to believe that going forward bitcoin would not drop lower than it already is. I am also not enough expert in price analysis so I should not spread my guesses. What I am confident in is the fact that the price of bitcoin has a huge potential to get to a very high range in the foreseeable future.

jhongzjhong

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Quote from: thecodebear on March 14, 2019, 11:55:57 PM

What do you think? What is the lowest price you see from here on out?

I think we've already reached the lowest price last month when it almost drops below $2000, as of now we don't have much more technical analysis regarding this matter. For me, speculation will remain speculation and that's it no make sense if I believed both side statement, just focus your own risk how to manage with this. We are all hoping to have a bullish market.

alisafidel58

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Quote from: thecodebear on March 14, 2019, 11:55:57 PM

What do you think is the lowest price we'll see in Bitcoin's future?

No sure about that

Quote from: thecodebear on March 14, 2019, 11:55:57 PM

Is it about to push through $4000 and stay above the $3000s bottom?

Everyone is wishing that it will push through $4000 and hopefully maintain its price there for quite some months

Quote from: thecodebear on March 14, 2019, 11:55:57 PM

What do you think? What is the lowest price you see from here on out?

$3700-$3800 i think is the lowest price since its stable at $3800 for quite some time now.

Topic: What's the lowest we'll see from here on out (3/15 and beyond) (Read 264 times)