Bitcoin Forum

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

I don't really think anyone can tell you exactly how low or high it can go and when. Only speculations backed up by analyzing the market.

If you're in it for the gains there's an old saying:
Buy low, sell high.

Do not worry too much about the short them variations in the price of bitcoin, are you a trader? Because if you are not then stop worrying about it, the price will recover at some point in the future, as with how low the price is going to go, we do not know when that is going to happen but we know it is going to happen at some point and when that happens you do not want to have fell victim of panic and sell your bitcoin as a result.

The price become very unpredictable nowadays, we cant tell exactly if price will fall or rise. Few days ago it went up to 9500 now its back to 7500, so its really hard to predict.

Your question,  has a no straight forward answer.Nobody can vividly tell you how long it can go. Because cryptocurrency is unpredictable; quite undertermined.  Though, most people believe that some certain set of people believe and knows where it will lead because they are the set of people manipulating the price of bitcoin for their own gain. These wall pumps and dumps cryptocurrency to move to a certain type of chart.

Well, May was the decisive month. It was agreed that if bitcoin would not recover in May, then we would be in a multi-year bear market, extending from 2017 to 2019, a copycat of 2013-2015.

And bitcoin did not recover. Mining costs are around 13k and the price should be at this level for a recovery, but it is not. So we are in a multi-year bear market, and any price is possible. Myself I think we can go as low as 2-3k, even after having four bottoms at 6k, because there is the Cartel manipulation, and mining companies are probably using short contracts to cover their expenses and avoid bankruptcy.

A good way to predict the price now, is to look at comparisons between 2013-2015 and now.

First of all, I don't expect any major rallies until probably July-August. I expect the market to be moving sideways near the $6-7k support zone, and there shouldn't be a lot of activity in the markets.

The bearish sentiment in the market is still extremely strong and I doubt that it would fade away any time soon. The rally in April was pretty much just temporary, and wasn't anything long-lasting. Resistance at $10k was proven too be too great, and that's when the correction happened and why we are here right now.

I really do think that bitcoin doesn't have a lot more room to fall by, before it bottoms. But still, I would say that realistically, there is a chance that prices can fall to as low as $4-5k per BTC before a recovery starts.

Where'd you get that mining figure from? Seems awful high to me for the big dicks.

I could easily believe 2-3 grand is possible. There's not a great deal of appetite for the current prices. If we really not rally again until 2020 then that would confirm multiple repeating patterns. Seems a bit too neat to me but you never know.

In recent times bitcoins price are not stable. Price fluctuations are occurring. But i think situation will be change in recent times. So don’t panic for present condition.

Price check.

Bitcoin is now $7,104.

Not only by 5th of May but also from the past months.

I'll putting my hope for the next month that bitcoin will perform and outstand the past months. We can't tell on how long we'll suffer on this bloody market so hold on.

If you just remain completely neutral you won't have to suffer at all. People make themselves suffer because of their crazy expectations, which is completely unnecessary and even quite noobish.

I am literally prepared for everything. I won't be surprised if the market shoots back up, but also wouldn't be surprised if it tanks hard. I am accumulating on a weekly to biweekly basis, so a lower price works in my advantage.

The failed attempt to break the $10,000 mark was the confirmation that there is zero buyer interest around these levels, and there might not even be enough buyer interest around current levels.

It's very difficult to say the price of any coin for the future. The price is unpredictable and it'll rise up and go down any time. ut, don't panic hold your coins. The best is about to come.

it will not be under $ 7k, trust me the bitcoin price will soon rise again.
the green market will be created within the next few days.

I'm giving that word in general, I'm also prepared like you with whatever happens next.

You're right, I have my crazy expectation although I know where this emotion can lead me. You helped me knocked my head off lol.  :D  I just can't help myself either to have the same feelings like the others who have shared their sentiment about the market.

It is hard to say what will happen next in case of cryptos. The prices are low now but I am hopeful that it will bounce back soon. There is nothing to worry about the falling price. It is naturalfor cryptos. Just wait the prices will rise soon.   

If bitcoin can still hold at $7k until the end of the month bitcoin has a big surprise in june. Just stay relax and wait for the bulls to come in. Do not look your portfolio every minute .

it is impossible to say but one interesting thing about going down for bitcoin is that whenever price is up like when it was above $9k and it is above the certain buy support levels, the drops are extremely difficult. we saw this clearly when price was above $10k and constant dump couldn't  break it for days until they succeeded to crash the market.
but when it goes below that buy support the fall becomes easier as if the  buy support vanishes.

Right now we are hovering just above $7100-$7200 levels. Remember that the last bottom was around $6500 so we are just like $500 below, so its possible that we might hit that bottom again. But we have to look at the $7000 support level first and see if its gonna hold or simple crumble in the pressure. Of course there's not doubt that we can bounce back, but its gonna be like a struggle again. June-July was a good month last year, so maybe we can see it doing the same this year. But its really difficult to say when we are going to bounce back because there's no positive news that is on the horizon, unless investors suddenly flocks the market again. So just continue to hold and wait for another break out run. Maybe its just around the corner.

We need to know soon, where is the ground. This will only happen when we have a buying movement with a lot of volumes.

The problem is that the exchanges are the main place to create volume. And most are undergoing a restructuring phase requiring transparency and a large amount of documentation. This makes it difficult and I believe that this is the main reason for this low.

The great commercial use of cryptocurrency is still for activities that the state often does not allow. We still make fun of the guy who bought pizza with Bitcoin. This would lead one to believe that only someone who does not worry about the future, live in the present using drugs, would find utility for Bitcoin.

We need volume, liquidity, and usability.

It can go to previous bottom, as I remember correctly it was around 5800 dollars. I saw some article yesterday, it's not something special so I will not share the link, important part was where some experts talk about 5400 dollars bottom, they made some calculations, they had some charts and they explained in their own way why they think that new bottom will be 5400 dollars. Every speculation about bitcoin price I read with reserve, to many times I saw how price goes in it's own way.
It doesn't natter how low it can go, its just a great chance for buying more, price will recover and make new ATH again one day, I believe in that. I didn't lose hope.

never trust this "experts". Noone of them dont know what happen in few days even. Only big whales panipulating the market. When you thinking that price must grow - price falling and conversely

The price of btc is decrease its true but soon it will recover it’s not mean that the price is too low but the price of bitcoin will recover soon and this will be double and this price is still highest price in the market so invest money in here it is the smart idea and this idea will bring you a great and huge amount of profit.

don't panic mate, it is the best time to buy this heavenly expenisve coins coz you never know when you would get this chance next. when the price will go up, you will be able to seel in much higher price. i believe will stop falling soon.

I think the bear trend will soon stop. Bitcoin team is constantly working on thir limitation. I think by the end of this month the prices will rise.

actually mate no one can predict how long bitcoin price will go on this bearish scenario, 'cause there's no specific reason why the price is constantly decreasing until now. But don't lose hope and stay away on any negative news about the circumstances of bitcoin 'cause it's either a fuds that still trying to intimidate holders or a noobs that always claiming their selves as a expert without strong  reference of their predictions. . So just keep holding mate and don't worry 'cause it will survive again like what happened before.

bitcoin will not go down further back, it looks like we'll just see the lowest price up here. $ 7,400 will be the lowest price, we will soon see the price rise again even though it rises slowly. the price is now almost touching the $ 7,500 number. early June bitcoin will soon pick up its highest price back.

There are a lot of skeptics and opponents who think there is a "good likelihood" that the Bitcoin prize will go down to zero.
I do not keep this opinion, and while the current trend of bitcoin prices is declining, i think it's only a short-term process.
Bitcoin has its background and i believe that the price will definitely go up in the long run. I do not know when, but i expect it by the end of this year.

I could confidently answer the question. But then we both know that it would be B.S. since nobody knows the future.

You can't get an accurate answer for your question because no one knows and never it will. It's just that you may speculate but still you will wait for the output.

You can hope for the best but extend your target, not just this month. Surely a rise will happened but for when, no one knows. With the current price movement today, it's not best to just dump your hodl coins just to minimize the loss. Rather than doing that, take advantage of the price decrease. My suggestion, increase your stash little by little as every price dip can considered as preferred time to make an entry.

Risky as it is but that is worth to give a shot.

Well nobody knows what the future brings. Could be glamour, could be gloom.
But have a look at the picture and imagine this forecast would come true!
Wouldn't this at least be a bit scary??!! ;)
I hope that this lower trendline will hold. In that case the dark side would have something positive for us.

http://fs5.directupload.net/images/180529/fokcvbmv.jpg (http://www.directupload.net)

No one is said next month it will raise again. Because everyone said consensus conference is good for the Cryptocurrency but after the conference Bitcoin is dump continuously so it will raise soon but it take some time and many miners are stop the mining platform so still unpredictable may be next month 2 week it will move forward.

This thread is two days old, and I'm actually glad we're at $7400 because we dipped down to something like $7100 before rebounding.  I'm not normally one to fret about the price of bitcoin, but if we drop below $7000 I'll probably start to get worried and it looked for these past few days like this was going to happen.

I realize that altcoins are valued in btc and thus they tend to move together, but it's also good that the ones I watch have started to creep back up.  Don't know if this is the start of an actual trend or if it's just normal fluctuations happening, and it won't be known until some time has passed.  Regardless, I'm *hoping* bitcoin is on its way back up.  Don't know if it is or not, but the fact that it didn't drop more than it did is at least encouraging.

Fear not, the price is not that low yet. I heard that there will be a demand coming from institutional clients when the price will go lower than $6k
It's still a good time to buy cheap coins - although bears are pushing to explore April low area.
Qhwn you re in doubt about bitcoin's future just take a look at 1-year price charts and see where are we standing now.

Now the price is raise above 7400$ and it's seem positive effect. So we can wait for the maximum range, may be it occur by tomorrow.The price of bitcoin will cross 8500$ by tomorrow, that much power Bitcoin had.Many bitcoin price predictors had said,the price will reach the double the value on month end.

I believe it will just stick to $7k for a moment and will go rise soon maybe after a few weeks because Bitcoin is always struggling to go past $10k but this is not yet bad since the this was really the suitable price when Bitcoin is not yet updated due to the segwit fork. If you ever have an extra budget, why not buy now because this is the lowest price that you could ever imagine than on December last year.

nobody knows, but I hope the bitcoin price will not go back to the $ 5k price.
I started to miss the green market  :'(

Although bitcoin is not performing good in the market, I think there is  nothing to worry about because bitcoin is always manage itself to recover after  from low performance 

Try not to stress excessively over the short them varieties in the cost of bitcoin, would you say you are a broker? Since on the off chance that you are not then quit stressing over it, the cost will recuperate sooner or later, as with how low the cost will go, we don't know when that will happen however we know it will occur eventually and when that happens you would prefer not to have fell casualty of frenzy and offer your bitcoin.

If you believe in John McAfee (I do loosely) I think Bitcoin will have a resurgence in June and close above 10k. I am not as bullish as his 15k prediction at June's end but I believe we will be on our way to an ATH.

if we are talking about Bullish,right now Bitcoin already showed us a bullish sign on their 1H candle and if we are closing it in around this level for a couple hours later we will see another good sign on 6H candle.
i believe it's all started after we knew crisis that happened with italy today.
so let's see what will happen with it in a day or two days later.
if it keeps moving up,i believe we are breaking the bear and making another upward movement.

I think that it can probably go as low as $6k again, which was the bottom for two previous dumps (one in early February, and one in March). That level seems to be the level with the most support right now, and I think prices would correct upwards once that zone is hit. But if you want a definite bottom, then I think prices can fall to a minimum of $5k.

I believe though that unless there is something majorly positive about bitcoin in the media that is able to reverse the overall sentiment of the market altogether, prices probably aren't going to be recovering in this quarter.

Late Q4 and next year are going to be the main bullish points to look at, not right now.

Initially the price was not decreasing so much in fact it was increasing at the start of may, as on 5th of may it was 9890$ and it was the highest price from last 2 months and everyone was expecting that it will cross 10K but 9998 was the peak at the time.
No one knows what is going to happen next. This decline started from 20th of may and it has touched 7100$. We can hope only that it will be increasing soon in the month of June.

It is impossible to tell how low it can go, but it did not go down below $7k and if it breaches that support level then it can go down to five thousands too, right now the market is recovering and this will be the trend for some time until there is big investments coming in.

It can actually go as low as it wants to go and basically, no one can actually tell how low, except time. I believe though that even if we are going to end up seeing a huge low, it should not be lower than $7000 and that would even be a pretty huge one to even expect at all. However, no guy here can tell you anything except for you to just accept whatever comes and look more at the long term because speculation will not solve anything except for you either missing out or making wrong and baseless decisions.

Bitcoin started showing some recovery and from this, we may have some hope to have better June month. As of now, I guess we do not need to worry on how much low bitcoin prices may go. But practically that would be a big search for many people here who are all looking to enter at possible lower price levels.

The current market is a red market and encouraged people to invest at this low rate will benefit them even in the start so as to make their selves able to get the huge benefit at the end as well.

The current market will soon shift into a green market and this will happen if its demand increases and more number of people be the part of this market. this will make conditions favorable for investors and for current time more number of people have to take benefit and to invest in this low market.

It cannot be replied with proper date. Market improve right now or may not in this week. Future is uncertain. So, I think we should be careful in this issue.

it anyone knows. just a team forecasts yapilabilir bunkonu find out more about. BTC falling. even long-term in place sayiyor. trade show on the bright a table yet. but optimistic be if BTC scholar to make a good opportunity.

We're gonna have to wait a few more days to see if this is actually a recovery from the dip or just a small surge in the price before another drop. June doesn't look that exciting, the bearish sentiment is still strong in the current market, and there's nothing major going in that month that can trigger a strong upward movement. I expect some consolidation rather than a sudden spike in the price.

Current situation in bitcoin makes me remember hearthstone card keeps saying "how long can this go on?" while mining sounds incoming. :) I think you shouldn't worry about time. It will end, its sure. Just stop thinking about it and keep mining & buying..

Well, one can not tell when exactly the price decline will stop and any thing can happen in the crypto market since the movement is determine the forces of demand and supply.

has been in this price for days and it seems to me that it is very difficult to raise the price.


no one can answer this question with absolute certainty and that pressure from governments is creating fear in investors.

Bank Shutout Forces Major Polish Crypto Exchange to Move to Malta (https://cointelegraph.com/news/bank-shutout-forces-major-polish-crypto-exchange-to-move-to-malta)

Austrian Financial Regulator Halts Operations of Crypto Mining Platform (https://cointelegraph.com/news/austrian-financial-regulator-halts-operations-of-crypto-mining-platform)

have been like this for the whole semester of this year and this is creating fear in investors

If he is even a trader and a professional one, he would not be asking such a question which makes me wonder what business he really has with how low bitcoin can go. The thing is that no one even knows, and all we have is the trend which even as traders, we simply follow, but with the way things have been so far, the long term should be the main focus of every investor and those who are more focused on the short term are going to always end up making wrong judgments.

It will be the highest price which you think bitcoin cannot reach!

I know why bitcoin prices are lower now because of the miners and investors who hold lots of bitcoins and sell them at high prices so decreased bitcoin value, and it is expected to return to the top some months are sure.

7k is the lowest at this point of time I feel it rest of them time can only tell unless some country start putting restriction then it might fell else things look good at the moment. Only small correction has happened and should be rising in 2nd half.

It is still possible for bitcoin to fall to below $7,000 though we are seeing little recovery lately.  I think we are not going to high or volatile price movement until a serious fundamentals issues happen and we should expect that from future event.

Now I think that from current levels Bitcoin will go $8K& Then it may get $ 10K. But during next month it start to crash hardly till $ 3K, may be even lower.

The price could go down some more but the price seems to be leveling out some. I think it is starting to bottom out and we could soon see the recovery in full affect soon. The volatility seems to be smaller which is a potential indication that sell pressure is dropping. That’s when the buyers will begin to take over and we’ll see more buying than selling.

Well if you listen to John McAfee then by June's end we should be above 15k. I am not the optimistic although I think we will have a successful month and I myself have a target of above 10k by month's end.

You are correct but sometimes people just ask those kind of questions out of curiosity not understanding that it is impossible to answer those questions, some people will later claim that they were able to predict the exact bottom but even if they can prove it there are probably millions of predictions of when that is going to happen so some of those predictions are bound to be right.

We cannot really say how low it can go so whatever others predictions it cannot guaranteed of how much price bitcoin can go. We can guess this month of june the starts of btc price to move to increase. So hopefully this month could surpass the $10k level or if not we have to be patient for the increase of price.

OP asked during $7,400 so it's now a good answer to see the price of bitcoin now I guess.

That can be the assumed bottom for this month but still we can't celebrate too early. The price now marks at $7,600 and it's still fluctuating down to $7,500.

We have already bottomed out earlier this year. It's just that the market is waiting for an impulse to start moving up again in a sustainable manner. I have no problems waiting a few more months for that impulse.

All the increases we will experience without anything backing it up will undo themselves naturally, just like how we went up and down close to that much wanted $10,000 mark several times now.

And what do you consider to be a recovery in full effect? Back to last year's all time high? If so, I highly doubt we'll see these levels this year if the market stays as it is, but who am I? This market trashes everyone's predictions.

We should focus less on that all time high, but more on maintaining ANY level above the $10,000 mark. I think that alone would already be a massive accomplishment. 5 figure levels are very important psychologically.

in my opinion simple, bitcoin has decreased the price means it is time to buy it, and when it is time to be monitored observed deeper and wider why it happened, why bitcoin decreased in price, I think the fall in bitcoin prices greatly affect the interest of the general public to the world of crypto because the mother's bitcoin from altcoin and purchasing power until the price is soaring and studying the crypto can be said 70% because of the bitcoin, but the price of bitcoin does not become an effect because the investors use medium and long term to invest, while the second reason is bitcoin price down is definitely the price of altcoin and tokens will increase, with the altcoin or other tokens can live with the project project, precisely in the presence of bitcoin the price down to make and live altcoin others, may be useful and successful for all of us

Why you want it to rise exactly next month? If it rises to 10k, will you cash you investments out? I'm sure not.
Kust be patient, unfortunately BTC is not yet ready to show it's potential

Months, years, days, no one knows anything asides the whales and the major stakeholders so I say though since it pretty much looks like they are the ones calling the shots anyway. However, no one knows how low or high at market can ever go in the long run, but one sure thing we all know is that at a point, the recovery will set in and we will get to start thinking of how high it will go. So far, there is still a possibility that the market can go lower than even $7000.

The little recovery we are seeing does not have anything to do with the long term perspective as it is normal to see those recoveries once in a while. It is important to always know that there is no way any of us can know how low, but the possibility is still very huge to go down lower if we end up breaking the major supports that we may expect to bounce from. We just have to wait and see how things would end up playing out anyway.

I look at the current stagnation as at one of the longest in history of BTC. The bears are active, but dropping prices too low, is risky, because you need to compromise BTC itself, so it can spoil reputation and won't let BTC rise then, like they plan to do. So in current situation, I can't think of price going below 6500$, no one needs it, and it can be made only artificially

I can go further more coz im using bitcoin wallet that are nased in my country that it can coztumize your withdrawal or sending funds its really hard to use it because our government know already about bitcoin and they want to control it, as i can see there still a chance that bitcoin can be increase when the right times come always see the prediction of those professional who always risking big just to increase and also those company business that are involed with bitcoin industry.

Bitcoins price can decrease even on below $7,400 dollars but then still you can look at it as a good sing because market is giving every investor in the market to invest even more since the price is becoming cheaper.

my view is related to bitcoin price around 7000-10000 it is not a big problem for me personally, but for trading transaction it will be a big problem, but that should be studied and studied deeply not on price but why bitcoin price down, my view and my observation in concluding that in view of the emergence of new altcoin so that some investors have to leave bitcoin and make or invest in new altcoin with the project being worked on, other conclusions regulation and recognition of the world government also related to crypto also bitcoin at the top position, the influence of regulation of validity the country in the crypto world will make many investors more secure and comfortable, this year is the year where crypto is in an effort to gain world recognition, remain calm and successful for all of us

Even price declining we dont know yet how low price can go. When price becoming cheaper our chance to buy some and hold till such time were earning. Price is unpredictable ever since so do not lose hope.

I think at the end of this price of Bitcoin and Altcoin in trade in the world of cryptocurrency is very disappointed. But I'm sure that we experience this is only temporary because maybe in June will experience a positive trend

Don't be disappointed and discouraged with the ending price of bitcoin. That's not going to last for long, there's more years to go so if you are all in for this, you better be patient.
Yeah right! and the lowest has been reached already I guess at $6,000.

The bear market is continuing and has been going since 5 months and now days we are observing positive signs in the market which may change the bear market into a bull market where the price of our coins is high. The low market will not stay for long time more as we know that it is a long term investment so wait till the price jumps again and leads us to a high market.

This is actually fluctuation occur in cryptocurrency.Because no fake or false news is came.Who know the price of bitcoin will reach 9000$ by tomorrow.This is unique features of bitcoin against cryptocurrency and altcoin.Finally,bitcoin fluctuation is temporary one  .

We do not know about the timing of market related to the price but can estimate the value of Bitcoin which is called the average rates of different market factors. As long as the demand of Bitcoin is going low then the coin’s price will also going low. We have seen many ups and downs in the market and have seen its recovery conversely and this time same will happen.

$7K is still its margin and it doesnt lower anymore than that. Also it doesnt increase at its best at 9K withing the following months. I think the price would still be ranging in that way until this month if the value wouldnt be seeing any improvements.

Now the price is normal and the growth and corrections are according to investment cap. I do not expect any big pump and dump in the price in the near future. This is good for new investors. I do not need any unnatural jumps like the one in the previous year. if bitcoin increases gradually but regularly more and more people will invest their money in it.

No one absolutely can. We have seen the tendency for more falls and there is actually the possibility but even if we are to go low that much though, I would not assume to see anything lower than $6200 as that formed some pretty huge support around last year with a very good volume. Nevertheless, we all know that this is a market where nothing is predictable and the only best way to play with the market is to always follow the trend and see where it leads. Assuming a lower level well in advance may help but no one can come up with exact levels hence approximation and buying around those levels may help any one who are looking to re-enter the market.

The market has been remaining stable below 10k dollar and yesterday the market shows the lowest value of this year and still the market is below 10k dollar and improved a little today as the value increased from 6.2k dollar to 6.5k dollar. So we can not say how long the market can stay below 10k dollar as the market expectations are high and we are not getting the response this time so it is in pending now.

Yeah, we really do not have much to celebrate yet and I will only celebrate even a little if we break out from the upper line formed by the wedge pattern around $8600 - $8800 as that would show we still have the chance to go test the $10k mark and possibly we may break it or not. Nothing is guaranteed yet, the market is still filled up with fear and uncertainty when taking a look at the charts, and all we have now is to wait and see how things will be playing out pretty soon.

Bitcoin is a currency of great potential and it may go more down but there are fewer possibilities. The value may surprise us in the upcoming days because the value has dropped more the price equivalent to 6.1k dollar which is the lowest price recorded this year. We have seen and gone through situations like this many times in the past and have been watching it recovered after fall.

I would assume that the price of bitcoin can even touch $5500 or even below to it. This price would travel until the end of July. August would be the fortunate time for bitcoin and other altcoins values come back on track picking up to $7000. Since last December screened out the maximum hit, it caused all the investors expect bitcoin hit minimum $30K this year. Lets see what would happen.

the market gives every investor to invest more because the price becomes cheaper. Bitcoin prices may drop even under $ 7,400 but then you can still see it bitcoin will start rising in August of this year

it seems that bitcoin prices can be very weak when there is bad news that really makes traders frightened and ultimately many who sell at cheap prices and I predict the price of bitcoin can go down to $ 4k.

I just that the fall that is expected this July will be the last. And the prediction that it will continually rise starting August. Or if not atleast this year. I'm a bit excited about it. Though the marke right now is very unpredictable still hoping for the best. And what's sure is that the market will recover soon.

In my own opinion, bitcoins today will start to grow even more or will slowly increase its value because the month is going near december so expect everything in a positive way and just hold your coins.

the lowest price of bitcoin is $ 5900 and it only lasts very short because soon the bitcoin price goes back upwards of $ 6k. and I think the bitcoin price will not go back down below $ 6k.