Where is the bottom for BTC? 10K or 8K?

wildan88

legendary

Activity: 1862

Merit: 1046

Quote from: gabmen on January 26, 2018, 10:05:52 AM

Quote from: BitcoinPC on January 23, 2018, 08:15:37 AM

I have prediction about bitcoin that now bitcoin price will down more, nearly it will come at $8000 in the next month and in June bitcoin will try to pick up and it will be come at $25000 and it will be a highest price of bitcoin of 2018 and now it is my prediction and i follow it, to make profit from bitcoin, Because now bitcoin price is still down and it mean we have a chance to buy bitcoin.

Any basis for that or technical analysis? I think february would be the recovery month for btc. 8k is probably possible but it will be in a few days from now. If the support holds, then february would make a lot of holders happy.

its possible to down around $8k, but I think bitcoin support is already strong enough to survive around $10k. If the current goes down it is normal because I look at previous year prices bitcoin always falls at the beginning of the year, after a few months later the price will recover and rise even higher.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: BitcoinPC on January 23, 2018, 08:15:37 AM

I have prediction about bitcoin that now bitcoin price will down more, nearly it will come at $8000 in the next month and in June bitcoin will try to pick up and it will be come at $25000 and it will be a highest price of bitcoin of 2018 and now it is my prediction and i follow it, to make profit from bitcoin, Because now bitcoin price is still down and it mean we have a chance to buy bitcoin.

Any basis for that or technical analysis? I think february would be the recovery month for btc. 8k is probably possible but it will be in a few days from now. If the support holds, then february would make a lot of holders happy.

BitcoinPC

hero member

Activity: 812

Merit: 500

I have prediction about bitcoin that now bitcoin price will down more, nearly it will come at $8000 in the next month and in June bitcoin will try to pick up and it will be come at $25000 and it will be a highest price of bitcoin of 2018 and now it is my prediction and i follow it, to make profit from bitcoin, Because now bitcoin price is still down and it mean we have a chance to buy bitcoin.

TooDumbForBitcoin

legendary

Activity: 1638

Merit: 1001

My entry point is 9,100 USD on bitfinex according to range 9,000 - 11,441 USD where we can see first sells during beginning of NOV-DEC rally

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: alyssa85 on January 23, 2018, 06:48:32 AM

It's sitting at $10,063 at the moment. I think it might try to go beneath $10k, but there are lots of buys around $9000 which should bump the price back up.

I think $8000 is definitely the base line.

Bitcoin prices again experienced a fairly high correction, before I did not think it will happen again. But it is evident that almost all coins have decreased. Keep in mind everything that we should not do panic sell because it can even make the price of Bitcoin continues to decline. Believe that Bitcoin can get back on track, although we may be in the 9,000USD range and may even continue to decline. Optimistic that when we continue to use Bitcoin then Bitcoin will be more trusted and this will make Bitcoin price increase.

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

It's sitting at $10,063 at the moment. I think it might try to go beneath $10k, but there are lots of buys around $9000 which should bump the price back up.

I think $8000 is definitely the base line.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

these round numbers like $10000, $1000, ... have always been like a big resistance for bitcoin. it always takes a lot of time to break them and when and if they are broken they never last long. just as we saw with the recent dip below $10k which only lasted 2 hours.

which is why i say $10k is the bottom for bitcoin and going below it, after testing it another time yesterday is impossible now and only if a horrible bad news comes out it can drop lower and in that case it will go much lower and will stay there. but with FUD it won't.

Enjel

member

Activity: 70

Merit: 21

Quote from: fabiorem on January 22, 2018, 08:39:50 PM

Quote from: notaek on January 22, 2018, 07:55:38 PM

Any evidence to back your fact up?

Masterluc said we would not go back to below 10k. And here we are, very near to cross it back to four digits.

So I think the market is now acting irrationally, and TA will be useless. Any level will be possible now.

He never said that though - if you read his post, he said that after the consolidation, it would not go below 10k again... however, he says that in the short-term, even 8k (absolute bottom) is possible, but unlikely.

However... after it's over, "4 digits will be seen again NOT so soon".

In the long run, $45k - $110k.

Enjel

member

Activity: 70

Merit: 21

$8k - $9k is the general support area. Anything higher than that should be no worries whatsoever.

fabiorem

sr. member

Activity: 1400

Merit: 347

Quote from: notaek on January 22, 2018, 07:55:38 PM

Any evidence to back your fact up?

Masterluc said we would not go back to below 10k. And here we are, very near to cross it back to four digits.

So I think the market is now acting irrationally, and TA will be useless. Any level will be possible now.

Cacingkemi

hero member

Activity: 1484

Merit: 516

Quote from: 1Referee on January 22, 2018, 08:12:51 AM

Nothing really prevents the price to dip below the $10,000 level again with how thin the markets are. With that in mind, people shouldn't put too much weight on another sub $10,000 dip, as long as the market jumps back up again. The only interesting part is when we will fall below the bottom we reached some days ago. It would be too easy to say that we will then head down further, but it may very well be a possibility. On the other hand, we can't really blame the market to be so soft and unwilling to climb up further with nothing interesting happening in the coming weeks/months. If the price happens to go down, then it's because of that, and not like other people think governments cracking down on crypto.

I think BTC will drop to 7K but I'm wrong,BTC will be around 9K-10K just can't go down and well right there are many obstacles around it between 10K.I think the government can't silence this price crypto has become a regular discourse at the beginning of the year which is often jammed,(kuang ren) can't be sure buy BTC now is the right time but I think this is the right time because the price will not fall more well below 10K.

Altas

full member

Activity: 366

Merit: 100

Already it has reached $10000 several times, so all that we can think about further is the price to reach $8000. Right now the price is showing signs of gradual growth. Based on which I believe the price increase will continue with minor fluctuations leading it to cross $15000.

notaek

legendary

Activity: 1268

Merit: 1009

Quote from: AICoin_Official on January 22, 2018, 07:33:59 AM

After moving up and down, it seems BTC remains in the range between 10K and 12K, is it really possoble for price to dip below 10K and reach to 8K in the next few weeks?

It might. Currently Bitcoin rests within the $10k support level for quite some time now, which is a good thing.

Quote from: AICoin_Official on January 22, 2018, 07:33:59 AM

Original analysis about BTC from Kuang Ren:

Overall, price surged by a small range after breaking below MA 1Week after the expansion in volumes at high levels. Though price moved back to MA 1Week later, price kept going downwards. On a weekly basis, therefore, the overall bearish trend remains intact, making it unfavorable to buy at current level.

To be honest, crossing the $5k barrier is pretty bullish according to me. Bitcoin still hasn't reached that state where its price will sustain above $5k.
Considering the scaling issues, onset of LN and schnorr signatures are still needed to appear mainstream which might prove Bitcoin to be much worthy.

Quote from: fabiorem on January 22, 2018, 11:29:33 AM

The price dropped again in the last 24 hours.

10k was already tested enough, but since it fell again, we are going to 4-5k.

Any evidence to back your fact up?

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

10k, easy

uslfd

full member

Activity: 294

Merit: 100

I reckon it might retest 9K again very soon forming a double bottom around 8.5K area and consolidate

zlatan07

member

Activity: 112

Merit: 11

It would be great that 10k USD is the average price of Bitcoin, so we could see some small collisions near to 8k USD mark.
Speculation about 5k USD price is more common and investors see more opportunity to make the profit if that price becomes reachable, so they stopped to buy Bitcoin. There is one key factor in the price of Bitcoin and that is media.

Theb

hero member

Activity: 1680

Merit: 655

It is hard to say where exactly as there is no known major support in the 10,000$ level are and also the last bounce was in the 9,000$ level which means it can go either 10,000$ or 8,000$ with what I am seeing a major drop from 11,800$ to where it is now shows that the correction or the down trend is not yet over good thing we can still benefit from trading this bounce plays. With some recent analysis of mine and similar to what others are saying hopefully the last big dip will make Bitcoin recover and achieve a new all time high.

fabiorem

sr. member

Activity: 1400

Merit: 347

The price dropped again in the last 24 hours.

10k was already tested enough, but since it fell again, we are going to 4-5k.

ClutchThese

sr. member

Activity: 448

Merit: 250

Quote from: kwukduck on January 22, 2018, 11:18:18 AM

We broke to the 100-day we'll probably close well under there.
There's no support until the 200-day and even that is very weak.
We'll probably see sub 7-8k within 2-3 days.

This is exactly what I think will happen too. Once this happens, Bitcoin will be the main focus of news and radio talk. It's going to be the exact opposite of what it was in December.

kwukduck

legendary

Activity: 1937

Merit: 1001

We broke to the 100-day we'll probably close well under there.
There's no support until the 200-day and even that is very weak.
We'll probably see sub 7-8k within 2-3 days.

Topic: Where is the bottom for BTC? 10K or 8K? (Read 412 times)