Bitcoin Forum

BTC is making new lows every hour, any one guess the next solid support for BTC or it will drop upto 1st august and make new low every day

In my opinion, 1st August has nothing to do with the current drop. The current drop is based on balancing the last pump. I don't believe that Bitcoin can keep falling sharply for a long time and for Bitcoin support points are non-existing, because it is based on usage and prejudice.

"New lows every hour" - bitcoin is up 200% this year.

He's obviously speaking relative to ATH...

I totally agree with you , it's just a market adjustment, BTC can't be pumbed for ever, pump and dump , again and again .

How can you both say that when you see there have been users who are now panicking? Or you didn't even read their screams at all?
They are about the price drop and now withdrawing one by one.
Even if they are holding just 2 BTC per user if there is a lot of them who will do it then we will feel it with the bitcoin price.
Corrections you say? That is not even in the dictionary of bitcoin before and I say there is no such thing.
Bitcoin price depends on the buy and sell and that is it.
There is no correct price for bitcoin and does not need to be corrected.

1800$ is a very strong support level for btc and from last few hour btc is testing this support level. I hope it survive above 1800$ otherwise I can see btc going towards 1200$ level. The main thing is when panic selling is going on no support level works because most of the people are selling BTC will remain in downtrend till 1 August after that I hope it get stable to one position than start the bull trend normally.

Down to $1250 then up to $12,000.

Yes you're right sir! It cannot be permanent. Bitcoin is continously developing.There are times that it waa pump and sometimes it will dump. This coming August, many users are going panic. They sell their bitcoins, and seriously it can affect the price of it.

It dropped a lot these few days, I think we can sell it to fiat,  after 1st August, choose a proper time to buy in again.

After 1st August ?
You shouldn't buy after, but before ... like 1 - 2 days before 1st August.
But the rumor, sell the news ...

I think the current drop of bitcoin and August 1st
has nothing to do with each other, in fact it is now
a good time to buy bitcoin.

I think so, but you must remember if that can be a thing that has involved a high risk. no one knows what will happen with the bitcoin in the future. I mean you are betting on the hardfork of bitcoin. But what will happen if the chain gets split and that makes the price of bitcoin should go down below your prediction? I think you're betting on the something that related to the full speculation.  :o

People will see the fork risks is all FUD and bitcoin will hit a new all time high again sometime in August or September.

That's exactly what I'm contemplating to do, I fell like it won't go past $2,000 before the end of July so might be a good timing to sell and buy again 2 or 3 days before August 1st

I don´t have a clear target. I think the BTC will raise the $3.000 in the next month.

I firmly believe this is an orchestrated event. It happens everytime the price rockets and drops and it's going to happen for the next 10 years. There's a lot of money to be made in getting the prices to the bottom until the point where the compression is so tight and they declare all fine and well when Segwit is implemented that the next boom comes riding the new and improved BTC. They want you to be afraid. They want you to sell. When the bottom comes, the stupid money is to afraid to get back in. That's when they collect the cheap coins. A few months down the line stupid money gets back in on top and the entire process repeats itself. And you're going to want to be there for that boom. Forget what they tell you in the news. It's all manipulated.

If you are a bitcoin user, what is important for you to do at this point in time is to make sure you have a private key for your bitcoins.

Yes, it may keep dropping till August 1, and what happens afterwards, may depend upon what happens with segwit, if hard fork does not occur, we may see newer highs, pumps that have not been seen before. But if the segwit does happen, well then it will be an interesting case.

until August 1, bitcoin will continue to go down. After that what's there will be a renewal. What a lot of investors. by selling the first BTC by taking the moment 1 August in order to price BTC plummeted and his forwards could take the BTC at low prices. It all became intrigued many people

I don't think you can predict what the next target drop price for bitcoin will be, and for some reasons it may have something to do with the August 1 speculation and people are starting to panic sell because of the rumors. But despite that, I think if you are waiting for bitcoin to drop until August 1 and are buying every time it drops so I suggest you should just set a buy order if that's the case. I remember I think march of this year, bitcoins price also went down but next months after it skyrocketed and even reached $3000.

Wait one month and the price will reach the ATH, almost 3000$. If the situation will be solved in a good way, probably we will see a strong rise above the 3000$.

I think with all the fear brewing from different camps i honestly think bitcoin has held up well and i do not expect it to drop to scary low prices has we have panic buyers on standby who will help stabilize the price and we should continue seeing it go on like this till August. Should keep trading in the range of $1800- $2400 then break the resistant 3k

Nobody is expecting BTC to break 3000$ before 1 August.

That's exactly why it will go above 3000$ before 1 August.

The next target of bitcoin is to improve their system into a better version by implementing the segwit2x which will make the chain split in august 1 and i think that the lows in bitcoin is just a drama and it will recover after a few weeks after the fork in august 1.

I think it will capture the market one more time and take a leap through 2800 dollar plus price. Bitcoin will split no matter what but the second currency whichsoever forms will never lead the crypto world. Bitcoin will always more supporter as compared to any classic form of it and that is the next target of bitcoin. To lead!

Latest Bitcoin drop into $1700s has completed a major correction of ~61.8% of this year's
entire rally from ~$900 to ~$2990.  There may or may not be another dip below $2000.
Short of any very bad news, it should go to new highs after Aug 1st.

No one really knows how low it will go and how high it will at the same time because if you following the trend very well you will understand that as at yesterday, it went as low as 1800$+ but today, it has touched above 2000$ which means in as much as August 1 is a factor that is major determinant of the price of bitcoin currently, there are still some other determining factors as well but all the August 1 is dominating.

I think it will start new rise from 1st august onwards. The bitcoin is dropping due to confused state of millions of investors from the globe. Since the situation like this continues until august 1st and we don't know what would be end result it is hard to invest and ultimately the price will keep dropping. If the output of segwit2x is in favour of investors then they will start investing again leading to new jump in the prices. :-)

Even though the BTC pricing had nothing to do with the upcoming split/fork in Aug 1, i believe due to all the hype related to Aug 1, people are panic selling... No correction...