Bitcoin Forum

Yeah, sooooooooooooo...
I am about to strap my 5 cents here)

In my last post (https://bitcointalk.org/index.php?topic=3898620.0) i gave my opinion based on the DX (USD index)
But gazing into BTC chart got me thinking about life.
So, last post we were looking at midterm market movement.
And NOW lets talk about LONGTERM!

My guess is that)
Soon enough we will be looking at 5k!)

Explanation:
Weekly Ma10 support will break down after this Sunday, MA5 will push price down, next support will be MA20 at 5k lvl.
Plus USD is getting stronger wich will push the price of bitcoin down)

Good news is that the long term looks amazing!

Here is some analysis from ya boi.

BTC
https://imgur.com/gallery/tnKyD9z

DXM8(USD index) (indicators used RSI,STOCH,SAR) (Indicators are not shown in order to improve image quality)!
https://imgur.com/aEUsU6j

I would really like you to participate! What is on your mind? Lets discuss a future price!

in the outline you ask about bitcoin prices in the future, you say $ 5k.
I do not think so, because bitcoin has an increasing number of enthusiasts that keep bitcoin prices on the rise.

Ok, you have your point, but you are giving me ghost info.
Hitler had many enthusiasts as weel. Why BTC enthusiasts have not kept BTC price at 20k?
All movements require support and we are looking at one right now...
Right now enthusiasts are making best market conditions in order for price to rise.

If you didnt notice even bitcoin price dropping but its market domination continue to increase,today while bitcoin is sitting to $8,000 the market dominance is 37.5% meaning its not only bitcoin dropping its market cap but most of the altcoins too,including top 10 coins.

So if we will make a deeper look we will notice that before bitcoin hit the ground altcoins will do it first,so expect no falling that low.

Bitcoin will grow and grow,but will never come back to $5,000 thats for sure n

1 thing that I learned from forex is that market has its rules and if you will not respect them - you are going to end up with no money.
The fact that bitcoin could fall to 5k is an amazing thing!
It will give very sturdy support to the future 36-40k upward movement!
The fact itself that we are bearish right now is very good!
Market does not approve of 1-sided movements

We have the same thought about this thing,believe it or not i love it when bitcoin will fallback even upto $3k because this will give many aspirant to purchase much than when price is higher.

But as what i was delivers the trend and for me is what reality means,im not closing and idea of getting back but i am boosting those holders and waitings for the recovery from the last years highest recorded price.

But to be transparent for both,i will be neutral and will wait until the start of Q3 ,from that we will have the idea on where we are heading..thanks for this good exchanging of ideas and visualization mate..Salute!!!

Cheers to that!
Beers on me! ;)

basically the same as the other topic. you keep repeating Forex and trying to use TA but neither are relevant here. of course analysis works to some extent but that is not enough to make a speculation like this.
go to tradingview and see hundreds of them there, sometimes everyone is predicting a different thing. i can show you at least a dozen of them saying price is going to rise to $11,700


yet another reason why market capitalization is a false factor to use for cryptocurrencies!
there are a lot of shitcoins with huge supplies like eth with 100 million and when they get dumped the total market cap takes a bigger hit just like when they get pumped the total market cap bloats that much.

You've got one good point here,i must admit that i didn't anticipate those shitcoins which I only focus on good coin that part of circulations  in market.

And youre right gain saying that market capitalization wasnt good to use a reference for any conversations here in crypto since investors of shitcoins are just putting fund to pump and dump,and dont even let their money stays for longer time.

Thanks for enlightenment mate ,i owe you one here

You have the point, but i won't take any information from your advice.
I am still standing strong at my point, guess cya at 5k)

I have no idea! which obviously bitcoin prices did not make it through the predicted rally, it is likely that prices will experience a small decline again, the current price alone shows in the order of $ 8,107 and decreased up to 1.98%.
hopefully the price will soon get support and start refocusing to the figure $ 9000 - $ 10,000

Sure will, mate ;)

setting technical analysys aside, if BTC is going to be used as a real coin it's going to end up priced at around the mining costs, which right now are 2000-5000$, depending on the rig you have. Market imbalances fix themselves automatically after a while. Speculation alone can't keep the prices up.

There was a prediction from a guy, two or three months ago, saying the price would fall to 3k by June or July.

If thats the case, I'm going to prepare the fiat to buy.


The cost actually is around 13k. As you can see here:

https://www.cryptocompare.com/mining/calculator/btc?HashingPower=4730&HashingUnit=GH%2Fs&PowerConsumption=1293&CostPerkWh=0.12&MiningPoolFee=1

Such predictions are many and from years it is being saying that btc would become zero. Those people who knew such FUD invested highly and got their return so much that they have become millionaire today. So avoid such rumors which is better for you only.

it is understandable that you want to predict a big drop just because it has been dropping now and some sort of small downtrend has shaped up but no chart can tell you where this downtrend is headed. so far the $8k has been holding up nicely and despite what you think the buy support has been decent for it.
it will take a lot of sell pressure to bring it down.

I totally agree. There is of course always a chance for a dip below 6k, but the fundamentals of Bitcoin are extremely good. To be honest, they have never been better and that's the reason why I believe going down to 5k would  be a tough nut to crack for the bears. And even if we would drop to 5k, I'm pretty sure we wouldn't hang out there for long. That's why I have placed a few low orders. Just in case. Who doesn't like to buy cheap coins right?!  ;D

I don't think the price will reduce to 5000$ by this year.It may happen in future. In case the bitcoin price move to 5000$,I will just hold my bitcoin and buy the maximum number of bitcoin with my entire savings.Because I know it is temporary one and soon the price will increase.

Graphically I believe what you say when bitcoin prices will go up instantly the price drops back, at least this week bitcoin price drop to $8000 after last week bitcoin price touched $9000. According to the chart if this situation continues it is not impossible bitcoin will breakout to the lowest price of about $ 5000- $ 3000.

But the graph is just a tool that may not happen because who has the power to change bitcoin price is fundamental. If you look at some of the news that is happening right now there is a lot of good news about the world of cryptocurrency. Moreover, yesterday's consensus that many companies will adopt cryptocurrency and blockchain, this will give positive effect to cryptocurrency market.

If it doesn't happen this year, which is very unlikely already with $6000 being the absolute base in my opinion, it won't ever happen again.

It's never a good thing when you dump all your savings into something. The thing with this market is that regardless of how cheap it may look after a massive correction, it can always go far lower than that. If you went all in and the price tanks further, you are pretty much in a horrible situation because you have no funds left to buy the market down and to lower your average buying price. It's just a matter of logical thinking in the end.

Yeah looking from TA, now bitcoin currently test $7k support level, some analyst predict if this support cannot hold then we might expect more decline to $4k or $5k (depend on who is the analyst). I'm currently 50:50 on this, prepare to buy more when dip, but if rally then fine just hodl.

The same predictions were also made back in February when the price is even weaker and support levels seem shaky. Right now, even if the price is in a slump, there is still a huge bullish sentiment left so I doubt that it will lose its grip on $7000 or even $6000 that fast. There's still a huge room for reversal even with the short-term signs pointing up to a dominant bearish trend and I'm still hoping for such to happen within the next few weeks. If not, then I guess we'll be seeing the good 'ol $6000 again.

We are all analysts and equally good or bad at the end of the ride with our predictions. If people believe that we're up for much lower levels, then they should open short positions to back up their words, otherwise what's it worth to "confidently" say that you think something is going to happen? If I strongly believe that the price will be going up or down, it's not just words but I actually go long or short. Yes, you can't always be right, but at least I put my funds to work. There is no point in predicting something to happen where afterwards it happens, but you didn't take advantage of that opportunity.... It's a waste of time and feels like you lost money while in reality you haven't lost anything.

Right, its because those so called predictions doesn't always hit it marks and most of the time they are very wrong. As what the OP has suggesting, Bitcoin will get to $5K, because he has the "TA to backed it up", However, the market moves on the opposite direction. We bottom at $6500 but we are slowly recovering at $8K again. I know we are struggling to get into the $9K-$10K range, we might see that price once again when investors renewed their interest on the market in the next month or so.

What rules are you talking about, in every market be it forex or bitcoin the price depends on the demand.

It is not amazing to see the price falling below $5k, it simply means that there is less demand and more coins circulating in the market and people are not willing to purchase the coin, you can call it an opportunity for everyone to purchase the coin, but that is the fact and it does not have any correlation to the next rally.

Yeah, as I said that many analyst argued that BTC will reach $5k but I haven't take position on this. I bought BTC at $6k dip and just hodling since I'm not a trader. I'm just interested on following traders' channel and watch how they use different tools to draw lines *lol

NEVER HAPPEN

Rule of thumb: NO ONE knows the future price for BTC (and if someone hypothetically knew with absolute certainty, he or she wouldn't post about it here, but silently act accordingly on the market)

As I always say: no one can predict what will be the Bitcoin price in the future.
But, I don't think Bitcoin will fall down to 5k again, not even to 7k.
I like to see detailed analysis more than seeing few charts with meaningless red and blue lines.
There are many topics talking about predicting Bitcoin price, which one should we believe!!!

Anyone can be a speculator in this section so in my opinion there are no right or wrong suggestions here, We can surely look at the past movement of bitcoin but ended in a different outcome or we can calculate the certain movement and might see a certain point where the price can land but we can not get the exact prediction for it, I really think Cryptocurrency has a risk but not as risky as gambling we just need experience in trading with it.

I do not like to talk the future, I prefer to prepare for the future. if we talk the bitcoin price in the future then I will again ask how many years do you mean?
I can only answer above $ 10k

Exactly that is why this board is called speculation cause we are forming some hypothesis with the future prices that we know it will happen base on our research, graphs, and past or current events, we cannot tell what would be the exact price next month or even next year if we are going to get passed the ATH 20k, but surely it shows that it is resisting to go down to 5k is a good indication we may see the 20k this year, but who knows when.

no,retest to that level($5000) won't bring us to $20.000 level because we need a time to consolidate the price and stabilize it it(usually it will takes a few months to do it).
right now everything is in a middle of nowhere.
a week ago i believed we were in a down trend because the indicator showed us an ugly movement happened with Bitcoin and a cameback from Bitcoin without a volume.
for me,
it would be best for Bitcoin to reach $10.000 and consolidated its price in around that range this year,
if Bitcoin do that this year,i believe in 2019ish we will see another ATH or at least recovering its price to around $20.000.
but for now ? it's dream if we are talking about breaking another ATH when the markets shows us this kind of action and activity

No way man, that's not gonna happen.
But if it does I'm investing as much as I can.
Who is that guy by the way?
Was he on the news or in the forum?

Always nice to see that everyone has a different opinion  :). Bitcoin is now hovering around the 8k mark, which is the support level at this moment.
I think it can take a while before we see a great movement as for the moment there is good or bad news, but this can change rapidly offcourse.

I think the price of the BTC will increase to $ 25,000 this year.

it's 4 cents per kw in China mate. If you pay 12 cents then you are doing it wrong. Of course there are countries that pay as much as 24 cents but the point is to locate your centers in cheap countries, which is why over 50% of mining is done in china. There are even cheap countries though like ucraine.

BTC never reach the 5000 USD because many negative news are created in the market but still it will maintain a common fluctuation so this will reach 7k USD possible and again it will move forward in as soon as possible.
Bitcoin future is always positive so we don't worried about any kind of situation.

When the price of bitcoin reaches 7290$,you may come to conclusion.The price of bitcoin will reduce to 5000$.But now the price of bitcoin is started to increase again.Now the expected raise of bitcoin price is 8000$ by tomorrow.Don't sell your bitcoin at this situation.Just wait for the maximum price raise.

The price of the bitcoin today is $7500 and I hope the price will not decrease like $5000. But they have possibility the price of the bitcoin become $5000 if many people sell their bitcoin. Just hold your bitcoin and you can gain more profit..

We have different point of view and speculation of bitcoin price. So I am positive bitcoin can move forward and will recover anytime. When we observe today it turns green so possibly price will start increasing.

$5000 and $7500 is actually a big difference. Everybody undestands that even current rate is the underestimated price. I'm not into these groomy panic moods, so I feel that $10k is closer than $5k)

I don't think it's underestimated. I think right now it's spot on. Read a few posts up why

Thank god! There are some true lovers of the bitcoin and people with mind who think before trusting any fake news. I am also not in mood to be overloaded by useless threads and news about the decreases in bitcoin price in the near future. We all know that it is the time for bitcoin to head towards 10,000 dollars that going back to 5000 dollars. That is really insane for bitcoin to do so now when it is mid of the year almost.