Bitcoin Forum

Btc is correcting , may be we'll retest 3,000$ soon ?

Lasted mere hours rather than even a full day. That was the correction, except corrections tend not to be so brief!

It's back to touching 2,500 now. Don't you wish you had money to buy it all back when it bottomed?

I think it may rise close to like $2800 or so again, but I have a feeling this might be the latter shoulder in a head and shoulders reversal pattern. Bitcoin is definitely still overvalued and will likely be below $2k again if the market is efficient enough for the price to come back down to reality.

it is hard to say.
we saw a similar thing last month in May when price dropped hard from $2760 down to the bottom of $1850 in 3 days (a $910 or 32% drop). and after stabilizing around $2200 for 4 days it started the rise to ATH. now this time it is a $860 or 28% drop over 4 days and stabilizing around $2450.

so far it seems like a perfect correction which was followed by some drama and fear. i say if we can continue staying above $2400 for at least a couple of more days, there is a good chance to pick up rising again next week.

A brief correction? Last May it lasted for well over a week afaik, and I wanted it to go a bit down, probably around $2200-$2300 but that seems to be asking for too much. However it seems that $2400 resistance is pretty strong. Wanted to see some more action though before retesting $3000 but it seems that it would be this time that the push will finally reach the target price.

in bitcoin whenever there is a drastic change in price that is a sign to make a move. if you are a short term trader then both up and down movements are your signs but if you are a long term holder just investing (buying) in dips then only big dips.

when price rises fast and big, start thinking about selling. => $2900
when price drops fast and big, start thinking about buying. => $2100

Correlation is under way! It has not make a correlation yet. The price will test $2,800 before pull back to around or below $2300. Getting to $3000 soon need a strong fundamental issues and a heavy pump. I desire to see price above $3000 so I can make good return on my investment.

Maybe correction may be panic selling or who knows maybe because of the Hard fork. But it will reach back to 3000$ for sure, tomorrow or day after tomorrow but that will happen. Most of the local exchanges in many countries have not lowered the price.

I think you are talking about correction, not correlation.  ;D
I agree that we might see a lot more volatility before we break $3000 again. In any case, long term holders need not worry.

Rounded numbers like $3000 always seem to offer up resistance, I'm not sure why but it always proves difficult to break through, must be psychological sell off point & people putting up sell orders at said price. Was the same with $1000 (2016) & $2000 & $3000 recently.

We'll break through $3000 but hopefully it's sooner rather than later.

But I don't remember those $2000 levels showed this much resistance !
I agree always around figures are acting as psychological big support/resistance levels. I do see many people are still targeting $3000 levels to book their profits. But when there will be enough buyers at those levels then we may see those resistances get broken.

When bitcoin will be bouncing back from recent corrections, we can see bitcoin prices to rise up to $3300 price levels.

Starting from the week bitcoin along with other digital currencies have been experiencing a downfall. As mentioned in the thread it's completely a correction factor. Now the price has started to increase and soon as mentioned we might reach $3000 and soon after that might have started speculating about $5000.

With the progress that bitcoin has made since the start of the year, it's quite possible that it could hover around the $2,000 mark until the end of the year. People tend to get greedy and new buyers may get caught up in a bubble - they are quick to sell out in a crash.

I seriously wouldn't mind the price to maintain its position above $2000 for the rest of the year, without going up much further than current levels. I never expected the price to hit $2000 this fast and easily, so I have had my Christmas present already. ;D Other than that, we'll first have to see how we are doing after the first of August this year. It will either make sure the price rockets up, or drastically tank.

I haven't sold. I wish I had the money to buy more when it was going down at any point, but I don't and I don't want to do it on credit. If I lose it will be my money.

This wasn't a big correction, you're right. This means that people are very positive about bitcoin's chances to break $3000. We'll see how it goes.

I think this one is going to pass the $3000/BTC level now. We are pushing the record prices with every spike. I hope people are seeing this trend

and riding the wave? I always buy some when it drops with more than $500 per coin.... and then I sell when it breach the previous record.  ;D

I am not saying that it will happen EVERY time, but it has worked for me and I make good profits doing this.  ;D

As expected the price now went up to $2,600 possible that we'll see two sides, good or bad, increase or decrease. Anyway, I sold at $2,600 as I promised to buy a gift on this fathers day. But I still have some bitcoins left that are good for holding. Well see what will be the charts movement maybe after 5 hours since it isn't moving at all at $ 2,600.

Buyers who were wishing they bought bitcoins when price was low earlier ths week are now regretting that they never acquired some btc for themselves...
Now it looks like price is recovering well and we already over $2600 we just might see $3000 before the end of the month

It's possible that we'll see the price at $3,000 was there's a positive appearance of $2,700 and $2,8000. After that we might break the barrier and will possible go at a new ATH. For sure there's a lot of weak handed holders that are now regretting that aren't able to hold on and just sold their coins at the lowest.

It is never ending story with idiots and weak hands, they always believe that another dip/crash will be the last one.
They are afraid to buy when bitcoin is low because they simply don't believe in bitcoin potential.
Idiots are herd animals, they would rather buy at ATH and be proud that they joined the winner's club than wait for BTC to dip.

I enjoy reading opinions of "traders" coming on here to quantify something they don't understand.The actual bubble is just barely starting to form, and the correction is being corrected -  ;D

As always, no one here will know the real deal.

Just as expected, bitcoin price rebounded on that recent dip and erasing all thoughts that price will touched again the below $2,000 level. Sadly to those still waiting for below $2,000 as their target to buy again coins. Because of their target, they hesitate to buy at lowest dip established during the correction. And now still waiting for that much more dip. If the price will continue to climb to passed $3,000 then those waiting for dip will now be force to buy at much higher prices or still continue to wait for next correction.

just the fact that you think you understand it differently that others doesn't mean you are correct!
a bubble doesn't have to be a 10million dollar bubble. it can effectively be a smaller size too. and besides if you research more about "bubble" there is no absolute definition for it. you can call a $10 rise a bubble the same way you can call a $10000 rise.
there is a lot of factors to consider too. things such as how much new money came in and with bitcoin you should always consider the adoption increase which is causing the rise.

Well 2456 seems like a bottom out for now while we test the range for a while between 2500 and 2800
If it stabilizes around here for a while before it continues upwards of downwards it would not be that surprising as it would be building a foundation at this new range.

Most likely, yes.

Price has been extremely stable actually for the past 2-3 days, i would have thought that it would correct a bit more but no, the price is pretty much settled at around 2500 USD per bitcoin in stone.

When there is stability there is going to be a pump in the near future. That's one of the first signs of a pump.

Is it going to happen this month? I don't know. But this year we'll definitely retest $3000, and whether we break it or not will depend on whether the user-activated soft-fork goes well or not. And if it doesn't break $3k per coin then it'll likely impact a lot of traders physchogically, driving the price down.

It is now hovering around the $2500-$2600. And the crash was short lived indeed. Maybe traders sold off for various reasons like the spread of lies getting into them or just simply cashing it out. But now it is somewhat stable and will likely experienced a slow phase up to the next week. But the really is can we touch $3000? Absolutely no doubt about it, but when we get there, are we going to see a price dip again? $3000 is the new mental barrier that some traders need to overcome, otherwise we will see a them dumping their coins in portion if we see the bitcoin has reach this price again.

We have already reached that $3000 in this at the beginning of the month. I really like how is this volatility move, it make us dreaming in realistic condition. Everyone will love if the price going high like $4000, but if it too fast, I am scare it will be untouchable.
Btw yeah, $3000 this month is really possible.

I'd like to believe 4k is attainable but yeah, the more realistic picture is just somewhere beyond 3k. If you think about it, btc was quite quick with the price moving from under 2k at the beginning of this year to 3k at one time in a couple of months. That run may happen again pretty soon

I don't know. For sure this week will be a red one. With the next coming weeks we may see a lot of volatility in terms of price as some miners may continue to fud.Therefore some more downturns are possible imo. I wouldn't be suprised if we push up to 3000+ first when SegWit definitely is activated. At the end of july or at the latest august 1st.

I thought the correction has started already and btc did reach $3000 last week, I feel like it'll retest again and try to reach around $3400 before it tries the $4000 mark.

I think bitcoin price still very dificult can increase to 4000 dollar
bitcoin price still under 3000 dollar, and maximum reach 3000 dollar, bitcoin price waves only range 2000 - 3000 dollar
maybe in end year bitcoin price can reach 4000 dollar

There is barely anyone who can understand bitcoin trading patterns. Traders who come from forex and stock markets think that it is all the same with bitcoin.
No, it isn't, there are no clear patterns in cryptocurrency trading, everything is more hectic and random. We are selling the news here.
Technical indicators which normally works because the market is rather slow moving are completely irrelevant in crypto trading.