Bitcoin Forum

For those who buy bitcoin yesterday morning when the support level of $3250 was tested, are now smiling this morning as bitcoin's price has broken the resistance level of $3,500 and as the time of making this post, the price is above $3,700. I think the correction is over and we would resume bullish momentum any moment from next week.

Right now price is again testing support level at $3500 and I think price will go below that soon because its the prefect time for chinese whales to exchange their crypto into fiat. There will be almost no local trading platform where they can trade crypto for chinese pairs after few weeks.

I will buy more when price will be near $3k.

Do you think bitcoin need more corrections before climb high Sir? I am happy with this condition, but I am not sure if bearish market over. The market too fast to react when touch $2,954 support level. If you have more information related this condition, I am happy to hear that.

it made correction and it will start to raise over to 5000$ again. it is just my mind.

bitcoin will drop to 3000 another time ...and will drop to 1500----2200 another time too

and for sure Bearish market  will return too

ltc ---------15usd
eth-------100
xmr-----40
xrp-----0.05
dash----100
bcc------100
zec-----75
etc-----4
neo-----5
doge-----0,0003

it has not stopped yet in my opinion.
indeed for now we will see a steady increase and small dump,
but the bear has not stopped yet and still waiting for the last dump before another bullrun.
remember do not do what they say but indeed do the opposite.
right now many people believed it has been stopped and then bullrun begins,
but you should understand about market sentiment and how it works,
a lot of FUD come up when the price is dumping,and the hyper come up when the price is increasing.
do not let your emotion take a control and make some observation about it,
what is the main problem ? and what is the effect to the market ? and who is the manipulator ?
you should clear about it all.
do not believe the troller and do your own research about this movement and make your own strategy

i don't agree with you. it will start to raise again. and it will break its all time high again. there is no reason for 1500-2000$

Still, all present issues are not resolved and markets are running on some good and bad news so anything can possible. It can cross all time high also or it can even go below 2000 as well. If some other country stop trading cryptocurrencies for some reason then prices can go down a lot. Short term investor better stay away and jump in only if you're ready for long term.

I cant say that countries will stop trading btc cause if some countries are making profit via btc then certainly there are chances that others would also adopt the btc. I mean regulation might be the issue for the government but they got to also elevate there economy even it means having btc on there income also.

I have a strong feeling that the price of bitcoin will not gonna go below $3000 for the end of the month neither on November 1. By the way involving governments in bitcoin is not a good idea if they were going to control it (bitcoin). For some reason i'd like the government to be part of the bitcoin economy but not really in controlling it.

I think we would stay above $3,500 for some time and from there the news and expected fundamental issue will decide the direction market will take. The price may fall back to $3000 or even $2750 and this may bring serious loss to those that buy when price of bitcoin went as high as $4,800. We may also see a significant bullish momentum as most times Chinese do change their minds on cryptocurrency and if invest will push bitcoin price upward.

I really regard your hopes and beliefs but at least for me and most of the crypto users the hypothetical situation you wrote is far away from reality.
I don't think after 2017 it will going to happen anytime in future that all cryptocurrencies you mention will come that down all together.

I agree. The Chinese drama is not over yet, and I assume there is still more to come. I do not believe this is only an attack on Bitcoin exchanges but the beginning of an all out war against Bitcoin the technology itself.

Next thing the Chinese government might go after are the miners.


No, the do not have to because they can also short sell in the market.

The lowest price of bitcoin yesterday was $2987 when people started to buy back.
Whoever buy at lower price already have profits obviously, but it's not so significantly due to bitcoin still below $4000, unless for everyone who purchased more than BTC1. And bearish market maybe isn't over yet, we don't know for sure, whenever big whales sell huge amount of bitcoin, many people will follow to sell as well.

I just hope that it is really over and bull is taking over. So everyone who is trading would at least have a brighter future or light after the bearish market. Still will be holding to these coins I've bought when it was bearish and hope I could profit from all of these too.

OP is clueless. I pity the foo!

Nobody can really say. Everything is just pure speculation... or so we thought. There's only 2 things that control this market. The news and the whales. Everyone else is sheep.  ;D

On a personal note, I believe its just about done correcting.

I am not that good in analyzing the market. You look knowledgeable in chart reading. Instead of waiting btc to reach 5k. Can we buy altcoins now? Are there more altcoin dumps?

Well, I think the price movement will be sideways for a while, but definitely not back to the 3000 dollars.

i am not sure we can exactly call the ongoing thing a "bear" market to start or end! it was a special thing, exclusive to bitcoin only! some FUD was spread then some more people like the JPMorgan CEO took advantage and spread some more FUD and because bitcoin market is filled with a lot of newbies the weak hands are always there to act and price fell hard.
a bear market is usually a longer one when price keeps going down, not just a big dump to push it down.

for now the price seems to have found a stable price to stay at. if it stays there and doesn't fall we can say it is officially over now.

Yes there are a lot of newbies in the market now that can cause the price of bitcoin going down because they have an weak hands and not fully knowledgeable in the normal move in the market we're there is a panic Selling and they think it will continue but someone are waiting to it's lowest price and pump it again.

As of now it seems like bearish is over, but you just can't tell, news in crypto is unplanned and happens so fast unlike in forex. So be prepared and wait for better or worse

there still any possibility for bitcoin to go down because we don't know what will happen later. but for now, I think bitcoin will recover for a little and the price it seems want to increase. I see in the market, fast movement from the order buy and sell and I hope that the price is not going down again like before.