Bitcoin Forum

https://i.imgur.com/jJ6QLcb.png

As this chart slows the Bitcoin price drops to $7,200 which is at this moment the lowest of this month. Will the price start to increase again? Check out the chart  (https://www.coinranker.net/cryptocurrency/bitcoin)

Of course the price will increase again very soon. But I can't tell you on when will be the right time for that increase, it can be by the start of June or it can be by the end of the year.
What's important now is bitcoin has still a good price after all and wasn't dropping to the lowest that we've seen which is $6,000. I know it's quite slow but we don't have to rush as we are not investors of a quick profit investment but we invest for long term and for the tech too.

Obviously, price increase again the current scenario is not supporting to Cryptocurrencies and stock market also down in this month. I think next month everything will be recover again Bitcoin will going to moon but most of the new projects are occupy the good marketcap so this year altcoins are growing faster than Bitcoin and it will also pump in similarly.

I am quite certain that we are near the bottom of this cycle, from where we will only increase further. The price might slightly dip below $7000 for a brief moment, but that will directly be the last time we have seen $6xxx levels. Every bottom after that will be +$7000.

That being said, I don't expect a crazy market this year. People should lower their expectations significantly in order to prevent disappointment. Bottom development indicates $400-$500 jumps, which I don't believe will change any time soon, so from $7000 to $10,000 means there is plenty of ground to cover, and for that reason we will keep dealing with sub $10,000 levels at least till Q4 of this year. It doesn't mean we won't jump over $10,000 again, but we'll reset back below that.

Trade the market or just chillax and do something else with your time.

You might not expect a crazy market,but it will happen for sure.The price will crash badly during the summer.It might go under 5K USD, or even under 4500 USD.There`s no reason for panic,it`s just the right time to HODL and buy more.The big crypto  whales are waiting for the winter.Then,the BTC skyrocket bomb will explode.

Frankly speaking the price of Bitcoin in this month of May 28th, 2018 is just too bad even though we all know that Bitcoin has some exhibition of rise and fall in price. May this month favor the traders world wide.......

If that's a sign of anything then it's that it's the perfect time to get in!

This kind of chart, which is the line chart is not a good chart to analyze as it give you less details on giving you an accurate prediction. Compared to Candlestick Charts where it shows you the opening and closing price as well as its tails where you will see how high or low it will go, Line charts only shows you the general movement on where has it go. But to answer your question, even though we didn't hit this low in the following weeks it does not mean that it will now go into a reversal.

Looking at what most seniors say above my rank then with them I'm also very sure once the value is now at its lowest,it will not fall into the 6K how it has been mentioned and it will soon go up waiting to sell if you have purchased BTC.Soon you have to be patient a lot while you can take part in other investments in ALTCoin.

Yes a tripple bottom would be a strong buy signal of course. And even if we dip below $6k I don't think it would last that long.
I also agree that this year, I don't see any reason for another mega bull run to happen.
12k-15k and I would already be pretty happy with the price. Reaching 20k again within the next 6-7 months will be a hard nut to crack and is imo very unlikely. But I'm fine with that.
Furthermore it's just 2 years until the next halving and that's why I believe we will see some upwards pre price action around mid to end of next year at the latest.
So we are good. Buy now, whenever you have some money left, and just wait your future gains! It will happen! And then, just enjoy it.

The price will definitely increase just as it has it lessen, it's a normal phenomenon and it has been like this since the beginning of cryptocurrency. We can't say that this month price of bitcoin is the lowest of it all because it's likely that it may go dip deeper. The market price of bitcoin is not easily known so we will just base and speculate base on what we feel might happen. 

Do not worry or do not do panic selling as it is that time again when you should be more adding the coins to your portfolio and when it rises you can either sell them and get your profit or hold for a long term gain. Only who do not believe much might want to sell now.

that is not the best chart that you can find on the internet. the chart with all the features available on https://bitcoinwisdom.com/ is the best thing. but i am guessing the link you keep posting belongs to your own website and you want the traffic. but if i am wrong then you should take a look at that link and also tradingview.com which has a lot more features.

I think it is very possible for bitcoin to hit around 5000 dollars dip. And its very cheap now I mean these prices aren't going to last forever. I consider this as huge discount on prices. Buy it and stay with it.

Of course I believe the price will increase again. The chart could not stop the community believers of bitcoin to continue put their trust and hope to it. Such kind of attitude can save the bad situation of  bitcoin in the market because it will always attract the people to come and invest in bitcoin due to the influence of being united.

Bitcoin price start increasing in October/November of this year and we will see bitcoin is at their highest price by the mid of December.

I am actually quite impressed with how the market manages to stay above the $7000 level. There is literally no support at all -- the only reason the market is holding it above $7000 is because of deep pockets not willing to let it fall more (which of course doesn't mean it won't be happening). Another thing is that the volatility has decreased in terms of its range, which is quite an achievement as well. If a dump occurs the red candle looks massive, but when I have a closer look, that candle only represents a $250'ish move, where usually these swings represented +$500 moves. The smaller these swings become, the more difficult it gets for the average trader to profit.

how are you so sure? i see all the higher lows, sure. what about all the lower highs? we're all waiting to see which side breaks first. i'd say if price starts getting below $6400, you have lots of new sellers who bought over the last 3 months and will now see a downtrend forming.

i'm hoping for a rally here but i'm not married to the idea. can't trade hope. :P

Right. Its really resilient to see the price above $7K because everyone is writing bitcoin off and saying that it will go down below $6K but up to know its holding so its a good sign that it won't go down as what others been expecting of it.

But I wouldn't just rest on my laurels, as this is another good buying point for everyone. So its going to be a waiting game again for most of us. It might be the lowest this month, but we can go and bounce back in June.

The bottom development thus far has been one of the very few actual consistent aspects of this market, but that also applies to the lower highs, so you have a valid point there.

It will definitely trigger sellers, but the effect of that might not be as severe with how little the room is between $6000 and $6400. I would be happy to scoop up some coins at these levels, so if the previous bottom breaks it's not the end of the world. It will allow me to get my average down further, and that's the only right thing to do.

That's why I am glad I took some distance from trading. I don't need a rally, especially when I don't expect one to happen any time soon. I'll keep buying the market down till the bottom of current cycle. I still have a decent chunk of fiat left from last year's sales, I can sit back and enjoy everything. Popcorn ready. :D

I am expecting sustainable growth in the second half of this year and till then we will see some fluctuations in the price. However, I don't expect any further fall in the price because we have already done with the correction phase and I don't see any reason that will cause a negative impact on Bitcoin in the market. I am optimistic about Bitcoin and I am sure that we will see a fresh all-time high level before next year.

in my eyes, breaking $6400 makes sub-$6000 inevitable. the downtrend will already have been confirmed. i definitely plan to be short by then if that's how things go. i hate shorting the corn, but i'll have no choice.


correction phase done? $20>$6k may have just been the first leg down. :P