Bitcoin Forum

Kuang Ren thinks $10,000 and $8,000 can serve as the strong support and your positions can be added step by step. If price doesnot make it to $8,000, you will still get the cheapest chips though. Feel free to leave your analysis below. Visit https://www.aicoin.net.cn/chart/07B336EA for more info.

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Judging from the fact that price dips from high level with decreasing volumes, price is about to effectively break below MA 5Weeks, indicating that a medium-term correction is on the way and each rally is a window to reduce our positions.

Yesterday’s lower shadow with huge volumes and today’s small-range rally are within my expectation, as MA 5Days continues moving downwards, however, current rally may come to the end. Horizontal line as circled can act as the resistance, strength of the pullback seems extremely weak according to the volumes, which will increase the odds for price to slump to the bottom.

$10,000 and $8,000 can serve as the strong support and your positions can be added step by step. You will get the cheapest chips though price may not make it to $8,000.

Yes this can still happen.
Usually with a crash/correction like this another one follows.
But with the current adoption of Bitcoin I would put your order on the books now because you won't have time when it hits that for a short moment.

It has a very high probability of doing so especially if the current bounce fails to sustain itself.

I think think that now is the time to pay attention to the bch. I don't like this situation but I think that this is a more promising coin. Six months ago I didn't believe it, but now I see that bitcoin was not ready to overcome the difficulties of growing popularity. Refusal segwit2x it was a mistake. Now we're all hostage to the price of the transaction. Who likes this?

Yes. It can happen until mid-January. People are cashing out for holidays.

People are also cashing in because of year-end accounting and tax issues.

Also - the mempool is still stressed, which means that people who sent their coins a few days ago, wanting to sell are still waiting for them to appear on the exchanges.

yes bitcoin  BTC can dip to $8,000 or $10,000 but will be corretion for some time and back to rise again.

bitcoin have massive demand which make price bumping fast

Don't you guys think it was just a one-time correction that's already happened and bulls made it rebound back to 15k (almost 45% higher than the level it went to, which made it to near 25% loss only if taken ATH into consideration). Bulls have now taken the command once again after short-sellers played their games successfully and took it down almost 50% from ATH. Thinking that another correction might be following on the basis of technicals alone can't help, and I still believe we are now heading back to higher levels and 2018 will start up with a good value. Christmas is coming and we have seen in the history of Bitcoins that from mid-December till mid-January, Bitcoins have always gone up only. Do you think history will repeat or will it change itself?

No, the price has already touched $11000 last week, it was almost close to $10000.

but it hasn't touched those levels, i think that the price wouldn't go to those prices in the short term, that is a good signal to keep buying as much as you can

I think we can already see that the dip has sort of settled, and that we can expect to get BTC to rise again. In the last 24 hours BTC went up to 16k, however is now down again. There is really only 2 sides to the story, 1 you believe in BTC and hold or 2 you sell and jump out.

BTC is also being hit with plenty of FUD that makes people panic and ergo pushing the value of Bitcoin down. This is why the recent crash happened. However, it may also be due to the fact that many might have sold their BTC to pay for gifts during the Christmas / New year's events.

Yes. I see no reason why not. It's really not that far away from current prices and many a person has been calling for it anyway. No way I'm playing with the market though.

Of course that it can.. but it is only on the holders hands, nothing more. It can easily dip to those prices if everybody start to sell, and it would be a chaos, believe me.
I am waiting until it touches $17k so i can sell

I believe the number of bitcoin faithful is enough for bitcoin price to remain 10,000 USD for a longer period of time. And besides, we still have another upcoming which is why I believe that the demand of bitcoin has not yet fairly increase based on your satisfied price. Well let us just be thankful that bitcoin still remains at 10,000 even though the gradual decrease happens.

there is actually no reason for this to happen no matter what the technical analysis may say. price can not go below $13,000 and will probably not fall below $14,000.
meanwhile there is a rising tendency in the market which is driving the price higher but also there is FUD around from the last drop which is creating some doubts and followed up by dumps.

but bitcoin is always unpredictable, with these high fees the rise has come to a halt. i am sure that if the spam attack stops right now, we can see $20,000 be broken in less than a week. and if it continues we will see more problem ahead of this rise.

Yes of course this can happen because now the price is below is $14000 and with little dip and correction the prices can reach that price becuase we have seen this earlier also and its not a crash but a normal downfall which can happen anytime so lets see what happen and wait for its betterment and prices to rise with great bumps.

nobody can know if its value can really go down so much, we all know about its instability especially in this last time, we have to be careful since nobody likes this situation, only those who handle this can know