Bitcoin Forum

Is $9350 the bottom and the start of the next wave up?  It was a strong retracement level, if it break we could be looking at $8800 as the next one.
I am hopeful of it holding, just wondering what others were thinking?

No one knows, pretty much. It could go to probably $5,000 or lower without any warning(thought it's very very unlikely in my opinion). Even though the price pretty much was cut in half since December, it's really relaxing for me to see the price just move sideways. No huge decreases or increases is somewhat calming. It makes us focus more on the technology rather than the price.

the bottom was $10k which was half the ATH price, and 50% drop/correction was more than enough to get the market back on track.
however right now the buy support seems to be around $9500 which is holding strongly but that doesn't mean it can not be broken. a big dump by some market makers can simply break it and a simplest of panics will help the drop to become bigger than just a dump. although I don't expect any more big drops after the $5900 bottom which we saw but things change all the time.

At present criptocurrency market is still on correction. So the best idea is buy and hold at current price. Trying buy at the lowest price and waiting the very bottom of correction is not always good - you can loose bottom and then buy during pump( Also you can buy 50% BTC now and other BTC if BTC price will be lower

$2,000 is the start of the next wave  ;D

Just an opinion, I think bitcoin price is not yet bottomed and might still experience dip but probably not below $9K USD in the coming days to come. Hoping this will be back on track in few weeks time and would suggest to hold your btc while experiencing red marks in the coming days as this is just a temporary movement in the bitcoin market.

No one knows for sure. It could be bitcoin through the lower limit of $ 8000 or bitcoin increasingly soared the price. To be sure the bitcoin users and enthusiasts expect a high value.

the bottom was $10k which was half the ATH price, and 50% drop/correction was more than enough to get the market back on track.
however right now the buy support seems to be around $9500 which is holding strongly but that doesn't mean it can not be broken. a big dump by some market makers can simply break it and a simplest of panics will help the drop to become bigger than just a dump. although I don't expect any more big drops after the $5900 bottom which we saw but things change all the time.

Trolling at its best.

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Well it could be the bottom before the next wave or maybe not. Hard to predict dude.

The last bottom was around $5500-$6500 if I'm not mistaken before we blew and get to $11700. And we bounce back then I'm seeing around $14K-$16K would be the next target.

However, there's a possibility that it can go lower to $8800 but so far we are still holding and above the $9K threshold. Let's see how the market moves in the next several day and look how the investors are going to react (to buy more or sell).

It could be the start of the next wave up but then it could also go down because bitcoin price is really hard to predict. The only hope we are holding is to have investors hold and buy to help the price go up.

I think it's because of the hard fork that bitcoin price is bottom but we should not worry about what we know about the bitcoin price situation, but focus our attention on the good bitcoin for us, if the bitcoin the sauna has a ($9k) USD we also hope to return it to a good amount.

its natural in cryptoworld. when the new years coming its natural that bitcoin will go down.

Very lucky for those people who bought or longed Bitcoin at $9,400. I think it will be an easy $10,000 soon. I am still waiting on how or when Bitcoin can easily break those resistance and break its ath again. I stopped trading lately as I just want to hold most of it long term.

It is impossible to know especially since you are giving a range that is too tight, bitcoin can drop 20% in a day and no one that has been long enough here is going to think anything about it, we will just think as a normal movement of bitcoin but you seem to be worried about bitcoin losing a few hundreds of dollars, at the same time why do you think we are going to get a huge price increase? If anything it seem clear to me we are going to move close to the current prices for sometime.

Hopefully it's already the bottom and will soon do a very big bubble rise month, I would like to see bitcoin at the price & 45,000 and this may be very happy to hear.

Yes almost, Once bitcoin will come back and will reach the all time high, this will be the year of alts. And expect more massive adoption this year. We are in the second phase of this era. Let's make this happen!

I'm pretty sure we will see a $6k or close to $7k price level one more time before it goes steady up to $16k
but you can "somewhat" take the advantage (and risk) of current downtrend price
by doing tweaked DCA, buying at $9k (10%), at $8k (20%), at $7k (30%), and $6k (40%) if you believe $6k will be the bottom level
the % is the % of total fund you are willing to put into bitcoin  :P  do it at your own risk and discretion

You mean Bitcoin Private? And they sell before the snapshot? That's an interesting point of view, I thought people were nervous about the world leaders getting together to talk about Bitcoin clampdowns.

We cannot say that for now, but hopefully it is. This coming march I think bitcoin will back on its rhythm and go beyond on our expectation. Let's be more patience and bitcoin will survive. Let's just stop on spreading FUD news for sure investors will be back on time.

To make sure we do not know for sure, but I think this is a very good opportunity to start purchasing, and maybe this is the base price for now, hopefully.

Look l would be just as happy to see it hit that 6000 again and double bottom off it. Only time will tell, so much FUD out there it is hard to know what to believe, but l am with you on the DCA.

Hopefully it won't make other marketers to dump more and also create scenarios that make newly crypto investors to-do panic selling that really contributes a lot of price decrease. I may not be worried of its down cause I believe it bounce back again after all dumpers done but totally a long way to wait for such moment.

In my opinion, it will still go down more if the bitcoin experience another crisis, because most of us makes panic selling because of the fake news that they are hearing. It is better that don't believe on those lies and fake news because the truth no one can actually know what will happen with bitcoin especially in the future.

my chart has bitcoins bottom being some where around 8K give or take 500  ::)

How much lower can it go?

Yeah it is bottomed, better buy the dip quick as the pump is coming soon /s

To be honest it is just like gambling, you don't have the crystal ball and no one can predict the future, just invest with your own risk.

After the first profit, you will be happy and you will continue to invest because you will understand that it really makes a profit?

Yes the price was bottomed but now the price has started increasing and will increase a lot. So its the best time to invest in it and it will give you good profit in future.

No it is not like gambling, you can affect your results and your chances of winning and that is very different than almost all the gambling games however those that invest without any real knowledge could be said to be gambling with the disadvantages you get no fun, the odds are way worse than with gambling and that you are gambling with amounts of money way bigger so the losses of those people which treat investing or trading as gambling will be bigger.

The bitcoin market has always been an indefinable area, its prices are always the same ups and downs and the roller coaster, bitcoin prices plunged early in February all the way now actually approaching the highest point in history. So it is obvious that bitcoin is bottoming out.

Market part of btc increase from 34 to 41 percent, i think this year we see again altcoins die

I think BTC price has been recovered since the last dip in Feb. Isn't it?

In 2017, the currency is one-sided, but 2018 fluctuation is bigger, now everybody is lack of confidence to the market, as long as slightly enlarged volume will cause prices, I think you can do some band more appropriate!

Your best bet would be to approximate the trendlines prior to the bubble (Tether margin trading which started around March 2017) and see where those would end up today. This is known as the mean and is where markets typically end up after a bubble pops.
My own estimate is around 3k to 5k for the mean, depending how optimistic about bitcoins real growth you want to be
During a crash however, there is usually a period of overselling that causes prices to break under the mean, so in that sense there is no bottom if a crash occurs.

I don't treat trading a gambling really, since we can do research ahead of time or everytime in trading that can allow us to think if it is worth holding or investing, if we think trading as a gambling, when in fact the results will only depend on how we do it not by any means of luck.

Yeah it is. Bitcoins have revived their price rates since last month. But I don’t know why this recovery is so low. Usually bitcoins always shown marvelous come back every time, but this one is not satisfactory. Maybe the control of whales becomes stronger enough for taking down the market. Still, we are so hopeful bitcoins shows some speedy recovery and price charts may shoot up.

     I think bitcoin has already  recovered after a lot of fluctuation last month of february. And now from the bottom bitcoin slowly going upward. But we can't say it will not fluctuate again,we already know bitcoin is volatile and it is normal in crypto market.

Since bitcoin price already had went down last month I think it was already in bottomed. Right, all we can say is speculation since market is very volatile. We invest in bitcoin better we should wait for it to rise, hopefully this time it will in a rising trend.

looking trends in the last few days, we're going to have another price dip again
would the $9k price level support hold this time? if not, we will see another episode of price dive down to $7k
get your fiat ready guys... build a price wall at your selected price

The drop trends are saddening. I might even say that the price had already bottomed because last month if you cpuld remember bitcoin already received a price drop. However, let's not lose hope and take measures to ensure that bitcoin would recover from its losses and that bitcoin would be able to reclaim the 20000$ all-time high.

No one really know what would be the bottom price if BTC continue to fall this time. But right now we're at a very unstable run breaking both support and resistance level, that makes BTC keeps on fluctuating. One thing is for sure, we can see BTC rising up again in the 3rd to 4th quarter of this year.  At this point whales still manage to gain decent profit, even if BTC's price doesnt look profitable because of its price movement.

Got to agree, we really don't know what will happen next with bitcoin and I think with this current situation is that bitcoin is uncontrollable this time. Need to do some holding on btc this time as the fluctuation is still recurring in the cryptocurrency market. Definitely, btc will be gaining back on track probably in the last quarter of this year, hold on guys.

Good for you because it will be a huge mistake to treat bitcoin trading as if it was gambling the amount of money some people have lost due to that mistake is enormous, they did not do any kind of research, they just invest in a currency based on their feelings or some premonition they had, this is not only detrimental to their capital but also to their skills since they never develop any.

The negative media publications and the impatience by some of us especially the newbies in cashing  in on bitcoins is one factor that is also one factor that is making bitcoin loose value because there's more than enough supply of it on the market.

This market is following the 2013 pattern and if it does then we could see the market go much lower before it goes higher.  Not trolling but 2500-3500 is a possibility.  When wall street entered the market that signaled for me that there would be a push lower because wall street does not like to pay high prices for anything.

for now,  bitcoin price was hit the bottom at around $7k price in the market.
current price is around $8k, i think it still have a possibility to decreased.
bitcoin and cryptocurrency price is a quite hard to predict.

I think the currency this year lowest price would be around $9000, after a long time all kinds of bad news, the currency has reached the bottom, then don't hesitate, buy the opportunity came, now there are experts predicted in a few months, the bull market will come.

Nobody knows pretty much it is going for probably a much dollars or lower without any warning even though the price of pretty much was cut by half since in December .its really relaxing .for me to see the price just moving the transparent way with no really very low decrease or increase is most of what calming it is hoping it will be back on track in few weeks in the coming days as this just a temporary movement of the bitcoin market .

bitcoin price seems to be decrease more a bit. It is currently at the $8k price on the market.
but if you want to buy some bitcoins, i think it is not a bad time to buy. it still on the low price in the market.

It's true that bitcoin is down now, but I do not think there will be any decline anymore, because now there's been some positive news on bitcoin, I hope investors stop selling due to panic, better buy it, it will help bitcoin rise faster.

maybe the bitcoin price now reaches the bottom price and only stay up and down in that range of the price. but we don't know if its true or not and no one will know about this. and if I still have money, I don't think that this is low or not, I will check the price in the market and if I think it is a good time to buy then I will buy another bitcoin. there will be a time for bitcoin price to go back to increase and we can hold for waiting that times to come.

Of course this is an unknown information only having an analytical mindset can assume that it may be in the vastness of bitcoin and its price category. But while analyzing, I think the price will not exceed 8k in a long periud.

I hope the bottom of bitcoin price  was $6000 this year. The current grueling flat should end soon. Indicators and news give grounds for
assuming positive dynamics for bitcoin and altcoins. I think bitcoin start to rise and will grow to $12,000 within a few weeks.

Many people assume that the news will get worse but actually in yesterday's call many countries agree on the existence of bitcoin. maybe in april there will be good news for bitcoin pumped

Things are really different from what we know from 2013, the market has grown a lot and the talks of regulations is keep the market at bay, anything below $5k is a disaster as i do not want to see the price going below that as it will be really hard for the market to bounce back if the price goes down that much and it will be hard for new investors to invest in it and the miners will be under heavy loss.

$3k is going to be the bottom level. And I don't think the bottom is going to happen so soon. Its going to take few more months for Bitcoin to reach the bottom. Bitcoin just went through one of the biggest rallies in its history it isn't going to bottom out so fast.

Trail fo bitcoin goes without any warning or notice. it suddenly either floats up or sinks down

No one can be able to say exert what will be the price of bitcoin the next minute but still looking at the market and the way it goes .

Hope the market trend is bleeding and this may be due to Easter Sunday, people across the world may be cashing out their Bitcoins for purchase for Easter Sunday. I think after 2nd week Bitcoin would start its bullish drive, hopefully  it should reach at least $12000 before end of April as per my prediction.

Its fun watching it make crazy moves in the market and taking your balls to your throat when the prices jump from $1 to $19,000 and after sometime back to the $8K from $ 19,000. Lolz. You come to the market, put your hard earned money into it and then see such fluctuation so it is kind of fun and at the same time bitcoins wonderful roller coaster ride.

Truly I am mad at bitcoin and the way it works. Off course I can say that it has given me financial freedom and all the stuff but it is lot more interesting than that I guess. I have never been so happy to make transactions with it with so much simplicity and without knowing anyone that I am doing it.  Cheesy

price chart is showing downtrends, are we going to go below $6000? ::)
by the look of it I say yes... get your money ready, place your bets at $6k !!
because the chances are either bouncing back up to $9 or it will drop again to $5k
but even if it drops too $5k it will recover or get corrected back to ~$7k :P

The answer; in short is no. I see this op is already one and a half month old and BTC has since dropped sensibly. Technical chart of bitcoin now looks awful and it will drop at least until 6000$, and possibly until 3000$.

Today bitcoin are now reaching the new buttom to its value. Buying is the best thing to do right now to prevent losing money from your investment.

I think that the price of Bitcoin is not yet in the end. It may be as low as US$6,000 or even lower. With no heavy volume increase, the possibility of continued decline is still very high, and then it will go sideways for some time and start to rise.

I don't think it will fall any further. According to the current market conditions, I think it will soar in the near future. I will be buying some bitcoins and Ethereum waiting for their next surge during this time, and I hope you will also get wealth from it.

I don't know if this is the bottom but I don't think it is the bottom really. It might drop much further before picking up again but it will definitely go back up.

$6.5K is the bottom of bitcoin price for this week.
The price of Bitcoin is down for this month... 
I do not see a sign of price increases.
maybe I should hold on for much longer.  :-\ :-\

I'm waiting for it to get into the negatives. Then I will get paid just to buy some.

 :D

From the experience and idea i can say it hasnt yet bottomed. I havent, thats why started investment yet

Currently, the price of bitcoin is $ 6,973.94 (the bitcoin rate is gradually increasing compared to the previous day). The cryptocurrency market is gradually warming up and this is a good time to buy cheap bitcoins. I believe bitcoin will gradually increase in the next time and bitcoin will not go down to the bottom.

Well my answer is not and bitcoin is just in a bad day. Looking in the bright picture it's just that bitcoin is dropping but will never meet the bottom end. Maybe we can see that its value is small at this moment but there's a low chance of it to reach the bottom. It's price is normal just needs solution to rise up again.

actually, I am not sure that bitcoin has reached the bottomed price because I think no one will know this and it is a big question from all people which invest their money in bitcoin. I only see that if somehow, bitcoin price reach a lower price, then it means we need to buy another bitcoin if we still have a money. but if the price still going to down then it means the price will reach lower than before and that is the good time for us to buy bitcoin.

For now the bitcoin exchange rate is really decreasing therefore we as traders must be able to calm the heart to not sell assets now In order not to panic other people and the market does not continue like this in the future.

No, not yet. bitcoin price above $8k is not the bottom. The most bottom of bitcoin price in this year was around $6k.
just keep holding and hope the bitcoin value will recover soon.

We can't tell for sure if this is the bottom of the market or not but  I think the price has gone down far enough for now and it will allow time for recovery before going down again.

Greed can be harmful, invest at the point where you can get and just hold out for next Btcs high tide LOL

As long as you do not see the $ 5,000 bitcoin price, there will not be an over-bought opportunity for me. My bottom points change constantly, but the impression Bitcoin gives me is this way.

I bet 3000usd will the bottom price. I don't know actually, bitcoin needs to regain trust from previous users who experienced high fees and slow transfer. I guessed 3000usd based on some talks and blogs.

this question seems no end. now bitcoin price is around $7k, i will ask the same thing.
is $7k the bottom point of bitcoin on this year ? i guess there is no answer.
bitcoin and cryptocurrency is hard to predict.

When you say bottomed, there is no specific amount to where bitcoins price can drop to. Just like recently, I think bitcoin went down to as far as around $6k, and no one ever mentioned it was the bottomest price yet. But if you are asking if that is the most bottom price this year, my answer would still be no because the first quarter of the year had just ended and their is still the second and last quarter until you really can tell that was the lowest point.

I do not think Bitcoin's price bottomed even if it reached the $6k level. It has always been radical than the usual price fluctuations of financial markets. Hence, I expect the range to be wider and broader in all aspects of it. Now, I hope people in here is mindful enough of what they are getting themselves into because this is an investment that is truly sui generis or otherwise known as "a class of its own". It is thus irrational to compare Bitcoin with the traditional financial markets. As what others would normally say, "expect the worst and hope for the best". 

hahahaha worst than u'd predicted  :-X :-X :-X

It's amazing how much bitcoin is now worth $6,600. It has gone down a lot in the last few months, and we don't know when it will stop falling, and we can only choose to continue to hold or sell, which requires you to make your own choices.

Yes it is hard to predict the price may bottomed since market fluctuates everytime. Anyone could assumes but this time price is really busy maybe once it hit very low it could sudden going up. This is the usual scenario of bitcoin price may happen.

I am a total newbie and has no ideas regarding the btcoin economy even a little

Is bitcoin price down? bitcoin is a digital currency that is very risky to changes in value. whether it will be one of the currencies recognized by all countries. if one of the bitcoin mines closes then it is likely they will remove all the bitcoins it has. so the availability of the currency will be abundant in the market. this triggered a chain effect that resulted in a fall in prices. this may be one of the reasons why bitcoin prices go down.

Mayb it has, the red zone ha affected its value way too much that i dips further, it will be a disaster, we cant however claim that this it the bottom as the crypto market is very unpredictable

Cant say, because as it is no physical stock so its previous track cant be estimated to make a notion of profit

And it just goes deeper in the dip. I'm not expecting a great increase or pumps really in the near future. Maybe after months or as the year end gets nearer then there might be a substantial increase in price like what happened last year. I'm not really into with short term in terms of BTC but rather in long term.

I set $6000 for lowest border it can reach. Since it almost hit it in last days I don't think, or at least I hope, it won't go down any longer.
Let's hope big pump expects us soon.

No one knows where the bottom of bitcoin is, and I think the bottom is relative. It changes with the market environment. When the market environment is very bad and produces FUD continuously, the bottom of bitcoin can continue to decline.

price issues nobody knows when bitcoin goes up and when bitcoin the price goes down but we can only forecast it, whose name forecast is not necessarily true.

maybe what we can see in a few weeks ago is the bottom price for bitcoin and now the price is starting to move to a higher price. but there are no other people that will know how much bitcoin price in the bottom because the price can go down at any of price but the price will bounce up again. so we can only say that when the price is down in one level price and it's getting up, then we can called that is the bottom price for bitcoin and this will happen over and over in the future.

indeed it was yesterday bitcoin prices dropped drastically, but for now this bitcoin prices have started back up again. and hopefully soon the bitcoin prices as they were

Yes, everything is possible, everything depends on the market. He can become and 100$

As an update to this post, bitcoin had still been lying low not surpassing the 9000$ level you told in this post as the bottom. It is still trying to move very slow going up. I think it is a bit stable by now to around 7000-7500$ at the moment. This showed how volatile bitcoin was such they call bitcoin a bubble. I don't personally consider bitcoin as such though because there are too many events that have negatively made an impact on it.

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No one knows for sure. Could be bitcoin through the lower limit of $ 8000 or bitcoin increasingly soaring prices. To make sure the users and fans of bitcoin expect a high value. This could be the start of the next wave but then it could also go down because bitcoin prices are very unpredictable.

bitcoin is very volatile at times will change, because bitcoin does not depend on anything and anyone, and not one party can control bitcoin

But now buy support seems to be around $ 9500 which holds strong but that does not mean it can not be broken. a big dump by some market makers could just drop it and being the simplest panic would help the decline to be bigger than just a dump.

In my opinion, it may go further down if Bitcoin is facing any other danger or crisis. Because most people want to sell panic because they hear fake news. It would be better to not believe any false news or fake news. Because no one knows what will happen to Bitcoin in the future, when its price increases or decreases.

Yes, i think it has bottomed at USD 6k at last february and this early april.
now bitcoin trend seems like increasing slowly and not go back to down trend.

Well we don't know that yet. Don't forget that come september, mt. Gox will be allowed to resume it's sell off of btcs which by itself can make the price go down. And a lot of people will also be anticipating that and take profit before selling off as well. There's really no certainty in this market so it's hard to make such assumptions

We don't know the movement of the bitcoins price we hope that the value of bitcoin in the future will rise up. I agree to you that you must hold your bitcoin first because the price is low. All we have to do is to have patience and wait for the right time to sell our bitcoin so that we will gain a high and nice profit.

for now I think you should hold it because it is still in a state of rising, if we look at the graph of the year before then you will see that for now rising trend.
but if you think the current price is enough then you can sell it, so it all depends on your own as you who have bitcoin assets so it's up to you

Yes because there Mafia large playing by selling all bitcoin that have been obtained from the website scam bitcoinbyang they create last year and also the price xpy down now also be because bitcoin down. many site hyip guise investment bitcoin leading scam and now it's time the scammers sell bitcoin of the results of scam them. "if a goods a bit of the value is definitely a high, vice versa"

Well i hope you were not one of those who gave in to their emotions and resulted to panic selling when it reach to its lowest this month because prices are now recovering and do hope that it would continue to go up for the coming days and months to come.

I think Bitcoin's price will not continue to fall. According to the current market conditions, Bitcoin should be about to enter the rising stage. It has now fallen to a bottom, and I believe that it will erupt again soon, so I will buy it. Some bitcoin expects it to erupt again.

It could go to probably $5,000 or lower without any warning(thought it's very very unlikely in my opinion). Even though the price pretty much was cut in half since December, it's really relaxing for me to see the price just move sideways. No huge decreases or increases is somewhat calming. It makes us focus more on the technology rather than the price.Just an opinion, I think bitcoin price is not yet bottomed and might still experience dip but probably not below $9K USD in the coming days to come. Hoping this will be back on track in few weeks time and would suggest to hold your btc while experiencing red marks in the coming days as this is just a temporary movement in the bitcoin market.

I would agree that the price has currently bottomed but that level was $6,100 no $9,300 from your original post. We have had 2 false starts at a recovery so far but the 3rd attempt looks positive so far in making steady progress and not flying upwards. The fact that Soros claims to have started buying into Bitcoin is a good indicator that the worst is over.

It seemed to us that $ 9350 is the bottom in February. In April, it turned out that the bottom is at $ 6000. Bitcoin will have to try hard to again reach $ 9,350.
I am glad that the prices of BTC have been steadily growing in recent days. Let's hope for new heights in the coming weeks.

We should not be happy because maybe the upsurge in the past few days could be a bulltrap. The important thing is we have to be careful and continue to monitor the movement of bitcoin prices and if we think it has to profit better we take the first advantage than we falling with the next dive even though everyone would not expect it to happen again in the future

Bitcoin is always volatile in the market; there is a lot of money being prepared for the market, now many are afraid that the money is going down and affect the economic development of their country. I think in future Bitcoin will have reasonable price and construction on the market.

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Today, bitcoin is closer to the value of 8500 .This is the key point of passage through which will give a powerful impetus to move up.Do you agree?