I continue to see the price of bitcoin overvalued, so I am convinced that there is still enough space for the fall to be maintained consistently for the following weeks.
Drawing a line with the levels of support observed throughout 2015 and 2016, I also believe that a more realistic bitcoin price at this time should be closer to $3,000 than to $10,000.
Topic: Where is the bottom for BTC price? 6K, 5K or even lower? (Read 598 times)
The price that Bitcoin will not go below is around 6000$. There are some movements up and down but the chart is showing us supportline at that price.
Where is the bottom for BTC price? 6K or 5K even lower?
Price never stays at bottom fro long. It bounces up. $5000 Bitcoin bottom price is totally possible. I believe is possible way lover then that. It can go under $4000 easily, but as I said it will not stay there for long. It woudl bounce back over $5000 in few days.
I hope that after a great fall Bitcoin will start to grow, faster and faster. I doubt very much that big players will let it fall lower than 5 thousand.
The market need to decide if it go up to 8000 and form a double bottom, or if it keeps going down straight to 1000.
Theres no more line of support. Is 8000 or nothing. Its double bottom or a bear year.
Remember when it was below 5k and how much time it did take to breach it on the way up. Its the same now with 6k.
The miners are already at a loss, according to this site: https://www.cryptocompare.com/mining/calculator/btc?HashingPower=4730&HashingUnit=GH%2Fs&PowerConsumption=1293&CostPerkWh=0.12&MiningPoolFee=1
Hope for the best, prepare for the worst.
Theres no more line of support. Is 8000 or nothing. Its double bottom or a bear year.
Remember when it was below 5k and how much time it did take to breach it on the way up. Its the same now with 6k.
The miners are already at a loss, according to this site: https://www.cryptocompare.com/mining/calculator/btc?HashingPower=4730&HashingUnit=GH%2Fs&PowerConsumption=1293&CostPerkWh=0.12&MiningPoolFee=1
Hope for the best, prepare for the worst.
You can conclude already that it's 6,000$ that represents the bottom price of bitcoin this year. I even thought that it will go down 5,000$ mark and thanks goodness that i decided to buy a chunk of it at 6,000$ before it went up again.
Definitely were seeing a lot of support at the $6500 area currently, I expect to rise to $7000 and build more of a floor there.
Bitcoin is a survivor and we know that. In the past, it had successfully beaten such crisis, so this is nothing new or tough for it. Prices will definitely be soon on recovery mode since the support of bitcoin is not decreasing at all. Even some people are expecting to lower more in prices so that they can buy it at the cheapest possible rate. For sure, the prices will shoot up in the end of this year.
The bottom price of BTC should be around 5k which is the price it costs for the miners to produce one coin. If it drops any lower they themselves will start buying bitcoins cause they have invested millions in mining equipment and they cant afford to have the price drop any lower.
So in my opinion unless something tremendous negatively happens (like governments suddenly banning crypto globally) the BTC price will never drop under 5000$.
So in my opinion unless something tremendous negatively happens (like governments suddenly banning crypto globally) the BTC price will never drop under 5000$.
Definitely were seeing a lot of support at the $6500 area currently, I expect to rise to $7000 and build more of a floor there.
Yeah, I don't think that it would drop below this since many are still supporting it at this value. I'm expecting a rise in its value quite soon as this lower value had already attracted many of the investors towards it. Additionally, I think it will soon gain some momentum and rise up without getting lower any further...Lol. We've seen people say this when the price was 10k. That it won't go below 9 or 8k because of strong support. The thing is, we should probably expect for the worst all the time to prepare ourselves. We're still well within the bear market at the moment and would probably be here the rest of the month so hitting lower isn't a remote possibility
There is no bottom or upper price for Bitcoin. The price of Bitcoin is derived from different factors and no one knows what it is and no one can predict as well. I think compared to the past trends the current price is the bottom price for this year and the price may shoot up from tomorrow post Easter holidays. More people may cashed out their Bitcoins for Easter spending's is my guess for Bitcoin price down this week.
Definitely were seeing a lot of support at the $6500 area currently, I expect to rise to $7000 and build more of a floor there.
Yeah, I don't think that it would drop below this since many are still supporting it at this value. I'm expecting a rise in its value quite soon as this lower value had already attracted many of the investors towards it. Additionally, I think it will soon gain some momentum and rise up without getting lower any further... 
Now the bitcoin price is recovering and it will fluctuate to high value now.If you have a doubt,just hold your bitcoin and check after a week.Don't sell the valuable bitcoin at low price by considering the minor price crash.In future you will feel for the panic selling.To avoid this,just hold your bitcoin.
The bottom price of BTC is $0.00. Yesterdays price of around $6600 was the lowest it would get this year, from here forward it'll just keep going up. Also, the price won't start going up over $10,000 until may. You've heard it here first, folks. 
I tend to agree that $6,000 is the bottom (but not 0
), however, it is risky to keep seeing bitcoin price fluctuating around $6900. I wonder know the ones selling their coins right now are they crazy? They could earn so much by buying then selling again @ +$10k.Well, technically, $0 is the bottom, you can't go any lower than that lol. Well, I've sold my at around $7,500 and bought back at $6,800. Not much, but still something.
Why at $10,000, price will be going further than that in 2-3 months. 
The bottom price of BTC is $0.00. Yesterdays price of around $6600 was the lowest it would get this year, from here forward it'll just keep going up. Also, the price won't start going up over $10,000 until may. You've heard it here first, folks.
I tend to agree that $6,000 is the bottom (but not 0
), however, it is risky to keep seeing bitcoin price fluctuating around $6900. I wonder know the ones selling their coins right now are they crazy? They could earn so much by buying then selling again @ +$10k.
The bottom price of BTC is $0.00. Yesterdays price of around $6600 was the lowest it would get this year, from here forward it'll just keep going up. Also, the price won't start going up over $10,000 until may. You've heard it here first, folks.
I think it's only 6K since we haven't gone to 5K yet this year and as i noticed, bitcoin seems to rise when in gets 6K dip. The graph also shows that it continues to fall and we can't just really tell if it will go down further or it will start to reverse now.
It is not possible for anyone to tell the exact future of the king of the crypto currencies or that of other coins. There is not only one factor that is controlling the prices of the crypto market, the biggest hindrance in predicting the future graph of bitcoin is that numerous factors are influencing the market rates of the coin. The support from people, the supply of bitcoin, the demand of the people and so on. 
I think it's only 6K since we haven't gone to 5K yet this year and as i noticed, bitcoin seems to rise when in gets 6K dip. The graph also shows that it continues to fall and we can't just really tell if it will go down further or it will start to reverse now.
It seems the down trend is over ,as we see the price now is gradually increasing which is from $6500 it's now back again to $7100, so perhaps that both value is the bottom ' cause there's still a strong support on that stage , as we noticed the price can't go further and it always pump back.
I don't think that it's going to go lower than $4000.
A lot of long term holders will definitely start to go into buy mode because the price would just be so cheap then compared to the all time high for them to get more coins. The support at $4000 is going to be pretty strong, and as a result that should be the bottom.
We haven't seen BTC really go down under $6500 either, meaning that even support at this level is strong and there is a ton of buyers. I would hold for now.
A lot of long term holders will definitely start to go into buy mode because the price would just be so cheap then compared to the all time high for them to get more coins. The support at $4000 is going to be pretty strong, and as a result that should be the bottom.
We haven't seen BTC really go down under $6500 either, meaning that even support at this level is strong and there is a ton of buyers. I would hold for now.
If you look at the chart, then it's easy to see that the price target is the june/july level from last year, so about $2500
OMG, these charts change so fast that you never know what will happen the next moment.I suppose that Bitcoin will not fall so low, and it will recover soon.
This is only a short term trend but it could combine with other trends. In any case it can form a bottom price as part of a series of lowest prices. Last channel bottom resulted in 8250 as seen on the left
Channel top would be 7000 but Im also watching long term trends I think could come into play. Price never moves in one direction only, that would be free money for traders. This is true in every market
https://i.imgur.com/sfydpEX.png
Channel top would be 7000 but Im also watching long term trends I think could come into play. Price never moves in one direction only, that would be free money for traders. This is true in every market
https://i.imgur.com/sfydpEX.png
Heres the same chart again after its bounced from channel bottom. This is just a trend lately, longer term trends go back to 2017
Right now its a question of volume of selling now vs previous price volume. Certain areas have a better chance of holding a price as being a more significant area. For example round number figures are usually called out as important, this is just an easy concept to grasp but since price varies in every different country its not as true as the graph levels.
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