What kind of question is this? No one really knows how the Bitcoin price moves, there's a TA and some predictions but they arent a hundred percent accurate. One thing is for sure, there's always a possibility for Bitcoin to go even below $7k.
I think the OP is one of the weak hands, or a newbie trying to ride the Bitcoin hype.
Topic: Will BTC again Fall down at 7k?! - page 4. (Read 788 times)
So I have a question Is this time BTC will fall down again 7k?!
How the hell do you expect someone to know that? Imagine if someone really knew this, this person would be very famous, would be so famous that not even warren buffett would reach its level. no offense, is impossible that someone knows this. But just for fun I would say that the price will recover and have many chances of not returning to levels of $7000. if you are holding for many years then do not worry, but if you are doing day trade then worry because it is very possible that it will take many months for the price to recover
Yes and it was yesterday that bitcoin has touched down 7,9xx.xx$ of its market value as reflected on coinbase.com's charts. That's is really possible because of the unexpected events that made bitcoin's market price to go downhill again these days but that's normal at all because bitcoin will rise again starting today or tomorrow.
This is expected since the bull could not gather enough momentum for further price movement from $9750 to above $10,000. After this corrections we are going to see another upwards movement and bitcoin returning back to $7k should not scared us.
Due to magic correction in bitcoin price.It is possible to buy more bitcoin at low price.When the price increase,I will sell that brought bitcoin to get profit.I was doubt about the price reduction to 7000$.I think the price had made some correction above 8000$.Just now the price of bitcoin crossed 8100$ and reach 10,000$ in a week
It could happen because we do not know what will happen with the actual bitcoin price, but even if the price drops again and I think it will not be long to go back up.
The current consensus will make the price of bitcoin to go up again maybe 5 months from now, but the price will never go back below 7000$ again,thats what i see bitcoin is heading this year.
People are not comfortable with the current price of the Bitcoin but we have to move according to the market situation. Yes, exactly the price of Bitcoin will not go below the 7000$, even though the price of Bitcoin goes down but surely it will recover it price within minutes.
Definitely, I would be the last person to be surprised to see that level. After significant highs (20k in December 2018) one can safely assume that any asset will decrease very much and than fluctuate some more. So we have had 6k levels already, today it is 8k, why not go down to 7k for some time?
I have seen it dip below to the $7995 mark now. So it has touched $7000s slightly.
It seems to be a trend now and likely last for months onwards.
It seems to be a trend now and likely last for months onwards.
Yeah it dipped at $7995 but quickly recovered around the $8000 mark. But its a big struggle again, looks like lots have in panic mode and selling their hard earn bitcoin. For most of us, nothing to worry as this year alone we have seen worst situations before so I don't think that it can push the price further @$7000.
No one can tell us if the price will go back to $7,000 again, just keep updated to the news in order for you to know what can possibly to the price on the next coming days.
That was true, being much active and updated not only in news but in actual movements in the market will be the best things that we can kept so we can be much aware to the fluctuations of bitcoin. Whether it's dumping or pumping it's non sense if we are not be continuously updated into it. However, at all times we just be the same because we cannot predict it's exactly value that can be until we will see it in the present time.
I'm certain it's not really about news and such, it's the big companies that are moving the market to liquidate those who are shorting/longing, to win the most(I think)
that would explain why we can hover around a price, then suddenly flash dump, then up again..
https://twitter.com/bitmexrekt
I'm only not certain about big companies are liquidating as this time. There's no point in time to do that because the price is not ripe for it. Anyways, as for shorting, yes, this has been the trend and this strategy works perfectly in a bear market, however, I doubt that big companies is involved as what you are trying to imply.
No one can tell us if the price will go back to $7,000 again, just keep updated to the news in order for you to know what can possibly to the price on the next coming days.
That was true, being much active and updated not only in news but in actual movements in the market will be the best things that we can kept so we can be much aware to the fluctuations of bitcoin. Whether it's dumping or pumping it's non sense if we are not be continuously updated into it. However, at all times we just be the same because we cannot predict it's exactly value that can be until we will see it in the present time.
I'm certain it's not really about news and such, it's the big companies that are moving the market to liquidate those who are shorting/longing, to win the most(I think)
that would explain why we can hover around a price, then suddenly flash dump, then up again..
https://twitter.com/bitmexrekt
I have seen it dip below to the $7995 mark now. So it has touched $7000s slightly.
It seems to be a trend now and likely last for months onwards.
It seems to be a trend now and likely last for months onwards.
The price of bitcoin is found around the $8000 mark, if this goes below the quoted value it might soon fall low to $7000. Because, now there is no big issue going around in terms of FUD but still the market struggling hard to touch the $10000 mark really makes the user community feel.
as expected because of this:
https://bitcointalksearch.org/topic/this-is-not-the-rise-you-are-looking-for-3326533
https://bitcointalksearch.org/topic/this-is-not-the-rise-you-are-looking-for-3326533
You post this a month ago and I see some confirmation about the recent pump. This might be true that this is just a bull trap, so better for you to go long term which is more safe than day trading. I hope that btc will not fall on $7k level again, I strongly believe on this.
It is quite possible to happen since its value isn't stable. And also there are so many prediction about what will going to happen about the price of bitcoin, if it is going to go dwon or of it will rise up. And some example of their predictions is yhat biycoin will reach 25K within this year.
Sadly though I was quite surprise to see the price goes below the $8K again. I wonder if there is a negative news that suddenly pull the price again to this levels. As of late the price keeps hovering above $8K which has a very strong support but it was overrun in the last hour. I do hope that when the Asian market resumes we can bounce back above $8K again and not to continue to plummet as we might see another panic selling if the downtrend continues.
BTC price is always pumping and dumping although this is the main magic of crypto market I like this fluctuations. But in this current market BTC is starting to dump again. So I have a question Is this time BTC will fall down again 7k?!
It is quite possible since we don't have a stabilized market. Fluctuations are really a good help for us to take chances of buying bitcoin in low price and gain profit when it goes up. But it is not the only way it works, we should also be smart in doing this and have a consideration in all time as it sometimes goes deeper unexpectedly. The consensus may bring it up, if only it would be something positive, but if not, then it could break bitcoin.
Consensus? You mean the Coindesk consensus event? If so, then I wouldn't expect anything to happen anymore since it's over already. People's expectations were high as always, but it didn't yield anything as we see.Everything they covered there was quite interesting and positive overall, but it wasn't anything capable of giving the market the boost that it needs, or more precisely said, that people think the market needs.
There is too much hype around every event, and time on time again we see the market do the opposite of what people expect to happen. I'm sure it's not just me noticing this, and there definitely are people turning this into money.
as expected because of this:
https://bitcointalksearch.org/topic/this-is-not-the-rise-you-are-looking-for-3326533
https://bitcointalksearch.org/topic/this-is-not-the-rise-you-are-looking-for-3326533
every day there is new news that can strengthen or weaken the bitcoin, some time ago there were rumors that bitcoin will be exchanged in dollars in large quantities, such an issue will be there almost every day, we can not just rely on technical analysis in predicting bitcoin, news or issues more influential in analyzing bitcoin prices
The current consensus will make the price of bitcoin to go up again maybe 5 months from now, but the price will never go back below 7000$ again,thats what i see bitcoin is heading this year.
You can't really say that. People said that when prices went down to $12,000. They said it will never go down below $10,000 but it did, and even went as low as $6,000. Right now the price of Bitcoins has really been fluctuating unpredictably and its pretty hard to speculate. The consensus may bring it up, if only it would be something positive, but if not, then it could break bitcoin.
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