Bitcoin Forum

Today Bitcoin almost reaching the lowest price on 5 Feb of $7,200. Check out chart: https://www.coinranker.net/cryptocurrency/bitcoin (https://www.coinranker.net/cryptocurrency/bitcoin)

Will Bitcoin get lower from this point or is the dip over?

We already broke most resistance points. The only last hope I see now is to have the line that goes from $2972 to $5890 (Bitstamp prices) so if we are going to hope for something, is a bounce in there, which would incidentally coincide with around $7000.. if that breaks.. it wouldn't be looking good unless you believe in double bottoms and trace a line to $5890, and after that we would be looking at around $3000... at that point it would be unreasonably underpriced, which means anyone with a brain will start buying with huge amounts, which means the price will bounce up real fast.

Btc to $2000 is my prediction - in just few WEEKS

The bottom would be the mining cost. But since we are already under it, we can say that there is no bottom.

Why not $ 1,500? It's easy to tell any amount. Where is the logic? What will happen if the G20 summit says that developed countries support users and will not limit the exchange for Fiat? Maybe you know today, what would they say? Such predictions it is fud. They do not carry meaning.

Well, $1500, if I'm not mistaken, was the price around May last year.

Maybe we reach $1500 around May in this year too. But I doubt it will stay there for long.

In this case I might be tempted to buy. It's way below the last time I bought, but the fundamentals are much more stronger now than they were in 2017.

Big money might go in at any moment, and that's why I'm not selling. The futures markets are now going long, and there's this G20 summit which can end up like the US senate hearings, which will give a bullish signal. Also, it was confirmed the Mt.Gox trustee was not dumping those coins.

There's too much at stake to sell it. You can be squeezed at any moment.

People are not paying attention to the fundamentals. They only look at charts and think about the price.

That's why I always think that my price in signature design service is always friendly and conceivable the value of bitcoin is redundantly volatile.
The main point is how many hodlers will hold their bitcoin after seeing so much crash for the last 6 days.

Unless we get overwhelmingly positive news out of the G20 then the price is going to slide further. I would be surprised if 6k is not tested again at this point and if that falls then it's really a guessing game as to how low we can go. 5k and under seems much too undervalued to me. In some ways I would like the price to fall rapidly because it should mean at least we can enter a bull market sooner. Instead of a many month long slide downwards.

To be honest no one at this point can predict where BTC is going , if you are on Tradeview you can see a lot of professional TA just keep guessing and make fun of them self just go and take a look . Any Pro TA now will tell you all the scenario on the same chart and then come back later and say oh I was right !! but he did predict all possible scenario so for sure he will be right there is no chance for being wrong most tradeview TA now is like this no one knows sh!t and if anyone tells  he does then he is a lair . 

As someone said above some people think that we already reached bottom some think no and every time it is clear we are going deeper down market turn around and bounce . And every time we are thinking finally we are breaking resistance and going uptrend market turn around and bounce down , No one knows sh!t , at this point it is guess game . We need very really good positive news so we can hope for uptrend .

I think the price crisis will continue, many investors are afraid of low prices and fear this will continue. but I am more optimistic at this point. $ 7k I think will be the lowest point this year. and saves a lot of hope for bitcoin to the moon

I think it might go a little bit lower to around $6,000 levels. The downward momentum is high and we do not have too many positive drivers to compensate. The blood bath in alts is much more severe, but the outlook isn't looking too good for Bitcoin as well. I do not agree with the doomsday predictors who think it will go to $2500 levels, but we still have some distance to go on the downside.

Do not count your chickens until they hatch bro !!! in my opinion the price will not fall that far, especially in a matter of weeks LOL.
on what grounds do you think like that? can you explain? from where did you get your prediction source?
even in my personal opinion, any cryptocurrency expert would not think the bitcoin price would fall that far.

It can for sure go lower. But $7k is totally cool price on my opinion. It will most likely hang around here in upcoming months.


I see many calls bottoms in this thread. That is hard hing to do.  also always remember bottom is something that price hits and then fast bounce higher. Bottoms are also perfect buy opportunities.   Bottom dont mean that Bitcoin is worth that much.

Go back a couple of weeks when the price was 15k-17k and read was these so called "experts" said could "never" happen.

You will read quiet often that we will never go below 10k again.

My estimate of the price will not fall below the $ 7000 figure. If the price reaches that figure, we will be quite difficult to get to the moon in 2018. Many people who panic just make the more complicated mess, my hope in the future, hopefully more people think positive, because not only panic people who got the impact of all this. All traders and investors also get the impact.
Now is the time to restrain and stop the habit of panic.

well, maybe.
but the more i hear $2000 the less i believe it can happen because every single time without exception, that people fixate on a dumb low price, that price never happens at all. as in we will never ever go near it.

But that's the idea.

We have to force $2000 so that we might be prepared psychologically for it. This preparation will fortify the hodling, so that the price never comes to reality, as more and more people will be hodling instead of selling.

After my post of yesterday BTC started to move up to $8,000. Now the price went over $8,200 and starting to move to $9,000. https://i.imgur.com/YVmmpUS.png

It's hard to predict the prices even if it's a short term prediction. But I am happy that BTC and other coins went up.

just because it went back up, it doesn't mean it is headed upwards and to $9000. the same way that just because it went down it doesn't mean it will drop and will head down to $2000!
trust me when the rise starts you will know it because it won't be a small rise that lasts a little while and struggles to go up. the rise will be the initiation of the rally and will have lots of FOMO buyers jumping in with their eyes closed.

I don't think that the bearish market is over yet as we are still having some negative news about bitcoin and other cryptocurrencies. We should know that bitcoin has a great potential to grow and that is why with all the limitations its still remain very strong. I have to said this that now still remains the best time for us to buy bitcoin and make good profits when the bearish is over and the bullish market commence.

Since, the verdict from g20 summit came out to be positive, Bitcoin should recover from these levels. After, 7200, the next major resistance or bottom was $6450 level. But the resistance wasn't that strong. But Bitcoin bounced from $7200 level, and is expected to go bullish in coming week. 8600 is a big resistance (last time we just retraced from there)  & 9400 is macho one. We need to analyze these levels to conclude the bullish phase. Always remember, Resistances are always respected in a downtrend on larger time frame.

to descend to the bottom seems very unlikely because bitcoin is a digital currency that has the concept of money that can not be held or in control of anyone and in the movement only from the very high demand from the internet if you know the money that applied it is the first bitcoin is very effective in replacing the money that has been controlled by the government and banks.

Yes of course it can goes lower than 7000$, it has already happened in the past. But I think that until the end of 2018, it will only rise. Maybe it's going to drop at the beginning of 2019.

As of now maybe no bro 'cause it seems the news about g20 is not about to dump the price in the market therefore g20 has no intention to dump the price of bitcoin.  Those dump we experience lately is just a panic selling from the holders. More information about g20 here (https://bitcointalk.org/index.php?topic=3156266.0) so perhaps the price now will continue to pump.

Such a statement is a good position, but bankers may not take such a position. They can continue to tighten the rules of access to Fiat for all cryptocurrency users. This can be done by all banks individually. It seems to me that the best way to protect yourself is to build a community in which you can use bitcoin without having to change it to Fiat.

No. Let's see how the next few weeks are going to play out. It is a speculative thread anyway and everyone is entitled to their opinion but I do not see the chances of this happening at all. Anyone may end up wrong considering that the market can surprise anyone just as it has for a while now, but $2000 is just way too far and extremely underpriced and a lot may end up buying in before it even gets to that point.

Moreover, anything at this point is possible and I will even be very careful to not end up in a bull trap at this stage. I would not mind honestly if we have a double bottom scenario playing out with the market testing lower of what we had earlier this month before moving up, but right now, I am eagerly waiting to see what is going to end up happening in the market from here onward considering no one can really be certain and in the next few minutes, anything can just change.

The price might also go lower than that since no one has full control over it. The price is just dependent on people's demand, if people pays interest on it, the value will surely grow. Dont worry about sudden drop, the price will still recover its high price just wait and hold until the time has already come.

And two days later price recovered to ~$8,487 (at the time of writing this post). Can we all just accept that price of bitcoin is not stable?
People think that if you buy at some point the only possible scenario would be a gradual increase in price - which is not true.
If you are predicting some dramatic price decline - please tell us why exactly this would happen - because the price of Bitcoin is not that much volatile.
The lowest price I can imagine for now is something around $6.500 - and only in a case when we will see some further FUD or dramatic bad news.

are you seeing any good news? I do not see, we have to face the biggest of all our obstacles: "Governments and regulations" and this is not being easy, with China taking tough measures and other governments restricting ICOs, and social networks banned ads cryptocurrency/ICOs and this story of MT. Gox (https://cointelegraph.com/news/breaking-trustee-of-infamous-mt-gox-denies-btc-bch-sales-affected-crypto-markets), do not expect the price to increase much too soon, otherwise expect it to fall, until these obstacles are surpassed



The problem is that most people listen to what their government and central bank tell them, and with the constant statements that many central banks make to advise their citizens to stay away from cryptocurrency, they are spreading fear in potential cryptocurrency buyers

"I don't think it's going to be a bubble that's just going to burst and everyone is going to lose their money, but I think it's going to be that all the coins and all the assets with very little use or value are going to get sorted out,"

I think that the Feb 6th low is the low for 2018. I typically look at the GDAX exchange and the low was 5873.

Looking at a chart, it spiked low to the descending lower trend line for a V bottom
Looking at a fibonacci retracement from July low to the high of 19.xk, the pullback reached the 23.6 level. (retraced -76.4% after the peak)
The previous 3 years, the low was in January. This year it may be in February.

I think many people that are new to these markets think it is easy to make money because BTC and cryptos in general run up quite fast. I also think a  lot of people want to make easy money trying to trade BTC. While it is possible, it is also quite hard as the reversals in price both up and down are very quick.

Technically, if BTC does NOT take out the last low on Feb 6th, it is still in an uptrend.

Yes, however, going down below $5890 from the last bottom this year does not sound like something that may play out as the market is really looking forward to that and there may be some huge buy orders kicking in at that time.

Nevertheless, anything is still possible, as we have actually gotten beaten lower than we would have expected with the MA200 even getting pierced lower in the last bottom, I really hope we do not get as low as $3000 for the market sake, but whatever it is, buying it is at that price. I would even borrow to buy ;D

G20 hype seems to be dying off. At this stage the most logical bet is that we are just going to remain in the 8-11k region for the majority of the year given that the bulls couldn't sustain anything beyond 9k. There seems to be very little buying volume at the moment above 9k but similarly there's very little sell volume below 7k. Let's enjoy ourselves some stability and a good old fashioned stand off.

Exactly, as we can all just call and assume any price but the thing is no one can really know. One thing about market is to just follow trends and see where it leads and if it does not lead as you imagined, then just opt out. However, a lot of people just like calling ridiculous prices without anything to support. $2000 is very way down that even if we manage to get to $4000, it would be a huge buy in. However, like I said, we are all just there watching, so let's see how it turns out.

bitcoin's price is much more than this,Today,It allows us to get a truly long-term perspective of the market,but of course no one can tell you exact price,despite speculative behaviour of investors I hope it will rise up in three or four day.Today we just need to not exaggerate assessments of the risk of crypto market...As I remember correctly bitcoin price was less than 1000 $ last year,I know this is not an absolute determinant of success but it maybe good evidence of bitcoin's durability.

If you had not brought bitcoin yet,you had lost the opportunity .Now the price of bitcoin are stable at 8000$.Yesterday ,the price of bitcoin reached 9000$ and we hope the price will reach 11,000$ by this month.Considering today value 7200$ may be the bottom value.
I had hope,the price of bitcoin will move to 35,000$ before this year end.

whenever price is going sideways it is best time to stay away and wait in my opinion. the good time to buy is when price has been falling for a while and when you expect it to be at the end of the line or whenever price is starting to rise back up and you expect it to be at the start of the line. these two are the best time to buy bitcoin and get the best deal.
but sideways always has a certain level of uncertainty and risk with it.

you need to think about the holidays next month, And this will definitely affect the pricing of the market with Bitcoin. If we analyze all the ups and downs of the Bitcoin price, then such days are always marked by a red marker on the stock exchanges.

The lower price band which has reached approx is around 7k and below if it falls it will be and for the bitcoin lovers. The current price is around 7900$ and it should stay at 8k ad above to boost the people to not to start panicking and keep selling due to it.

There is no such bottom price for Bitcoin going forward since all the bottom price has been crossed by it last month itself. From now we could see the price is trending around $8000 for a while which is a healthy sign. Hope from April Bitcoin would trend around $12000 for some time and starts its bullish drive from July. 

6800$ seems to be the support level, as it has been lower then that for only 3 hours, at a large prespective( talking about weekly chart, this level is invisible).
I think that bitcoin has to gain a hype like we had few months ago when we hit 20K$, that's the only way for us to recover, and this hype may come from regulators.
If a big government decides that it sees bitcoin as a legal tender, it may get the price to skyrocket again.
Even if we are talking about a small country, it's still a game changer for us.

It would definitely contribute towards a more positive sentiment, but we don't really need that. Last year the market behaved in a very similar fashion, where in May the market started to go crazy and the longer term bull run started. If I look at the 1W chart, it perfectly shows how even current levels might be somewhat on the higher side. The peak of $19,700 is just ridiculous and doesn't even look like a justified increase. I see a massive speculative peak that got tanked back to where it belongs, but unfortunately that's not how people look at the market. For them it's just the market having lost big time, while I see a solid gain. This market clearly wasn't ready for so much growth, and possibly still isn't ready for it....