Bitcoin Forum

A classical Bear Flag has formed!
In my opinion 6K BTC is on the cards.
The move down will be hard and fast!
Catch the Low and Buy ALTS
It could start tomorrow Asian time: The Crash!
Opinion only!

a pic would help here...
$6k wouldnt be too low, if we go down we'll go to $3k imho ;)

Where do you base on that a near bear trend has been formed ? All signals are positive in my eyes and a new bull trend is here  :).
Lets wait and see what will happen tomorrow.

This might be right! We don't need to be hasty at all. All market trends are going up right including BTC and majority of the altcoins. Right now we just need to wait and see.

I haven't looked at any charts, but it seems like there's a slight trend upwards. Almost every coin in the top 25-50 is going up. Most of them only like .05% or so though. I sure hope you're wrong about this downtrend, but if the last many months is any indication, you're probably right.

what causes the market to crash, what happens tomorrow? are you sure btc will fall back and reach $6k?
I also can argue that in the near future bitcoin will reach $10k.

I have not see any bearish signal in a short time and I doubt if bitcoin is going to go back to $6,000 by this week.  I could have expect you to give more explanation on your analysis.  I don't think we would go so low to $6,000 because that will be a disaster.  From my own view bitcoin is on it way to $8,500 this week and if I will advise I will say we should hold now.

As said above chart or image would be good to look out on where those analysis came from which he do mention about classical bear flag which i do tried to find out either on Shorter or Longer time frames i can able to drawn out that technical analysis which it comes to my mind where he did get those information? and also the price is contradicting on what is he trying to say here. Overall cap is gradually increasing but talking about $6k on btc price is plausible.

Let's see if this happens or not. Anyway It is not advisable to buy alts when btc in bad shape. If btc fell down even more then alts buyers will get rekt.

What time frame are you refering to? And for the ones insisting on 3k what is your base? Yes there is a FUD about this 3k and I think it is also possible but the ones who are sure about it, please write with the reasons

lol=) do you seriously? can you show the last time when this pattern worked last time? Please go away from such TA on crypto markets. It will be useful for your depo

Looks like you want to create the fud or most probably you have sold your btc and are holding usdt and want bitcoin price to go to 6k to buy again, i know every trader here wants to win but it is not good to make your desired prediction and force everyone to follow you, i will just suggest you to never sell all your bitcoin, keep holding a percentage of bitcoin always.

An Image chart or news, or anything to back up your statement will be better. Or maybe you just spreading FUD. All market are green now, and look at the annual chart from previous years, June is always the month when crypto market starting to recover, and I wish this year too.

Looking more likely like FUD. Any analysist worth their salt will know that they have to back I'm up their claim with data. No such information and like you said, the market finally is in green once again.
Also, someone mentioned elsewhere that BTC tends to rally on the 6th of June... Any truth to this?

How fast is that? aren't we done enough with the bearish flag?

It's almost half a month and we are still on this movement that we are not longing for anymore. But still it's a great but for the late comers to buy more bitcoin and add more on their stashes.

Where's your source?

I don't think so. I regularly check the chart and btc maintained at $7k mark for the past days. If this is true, we need proofs or are there any news coming? FUD? I believe that the recovery stage is starting so brace yourself for bull market.  :)

I do not see any bear flag on charts. Bitcoin has been in a triangle since hitting $6K lows in Feb and has been making higher lows since then. It will break out of this triangle in next 1-2 months at most.

 There is no such indication that it will reach through 3k and even 6k because of its been a while that the price of bitcoin still to manage at 7.5 k level and continuing to gain a momentum, besides why there are people that give unsolicited opinion without any basis, it is clear that they are afraid to face the volatility of crypto market, avoid making any FUD statement, it will not help the situation but ruin the legacy of Bitcoin.

this is just like another FUD. I can't believe if you are not having any reliable source of at least you can try tp prove your own analyzation. Some people are saying we will be seeing another bullish again soon. but It looks like we have passed the bearish trend at this time. I just waiting for another expert to predict it.

Bear flag? I see bull flags, side way narrow V forming on the charts.
This thread is just more FUD, guy wants to keep buying at a cheap price like most of the bears currently, I don't think we are going under $7k again, we will break over $8k this week I think

Good luck bitch

You have no idea, your in the wrong game!

Market going bear Asian time as predicted!

OP, I don't believe what you said because you dont say anythng about what will be the cause of bearish market and my own presumption is that the market pump due to the EU region Bitcoin market with bitcoin payment system planned for the FIFA World cup.

is it a real new?
where did you hear that?

i dont think such a payment system can be for WC. it is too early now. maybe in 2022

We can not say without really being sure what we are talking about, this can be a panic for beginners and we know that this is an unethical practice. Regarding the question, what is the problem of Bitcoin reaching 6K? In my opinion and absolute certainty we already live in depressive markets much more than the current one, so 6K is still healthy, does anyone disagree?

I think for now we can try to buy new coins or coins that are in the top 30 coinmarketcap besides Bitcoin

Bad opinion... Bearish Momentum has almost lost all energy, 6800 has proven to be a strong support again. The timing and price action are in fact indicating a great alignment

for the start of a strong bull run for BTC within this month.

how about no ? Bear might lost their power but the Bull also lost it.
look at our volume right now,to be frank Bear volume exceeds the bull which means our sentiment right now still bearish.
we might see another uptrend for a couple days later,but do not forget the fact that we are still on bear(based on sentiment).
strong bull will happens after we are making another higher high and breaking the resistence.
at least for now it's not been determined yet

And your opinion is totally wrong. I dont think bitcoin price enter bearish trend. It is strongly hold above $7k and i think we will enter sideway phase for years before we can see bitcoin bullish again. And the romur about euro will be in crysis again will male people in europe move their money to crypto. It is positive news for us..

Do you really believe that technical analysis can help one predict the price of Bitcoin?  ;D
It's next to impossible. Bitcoin is so volatile and unpredictable, that no one can say what can happen to Bitcoin.

I don't really believe that Bitcoin will crash to 6k again. The majority of people is saying that Bitcoin will crash in the next couple of weeks, but I say that we will go up in the next couple of weeks. To many people predict a doom right now!

i don't see bitcoin will crash and hit about $6000 my friend
and i think each people have different predictions
because in my opinion bitcoin price will never hit 6KUSD again  ;)

Nice prediction. Oh well bitcoin and other top ten coins are all green. Wow. And alts are getting red. Damn I missed your prediction dude. Lol. That's why its really hard to see where the price will go. Just keep your opinions to yourself because you don't look good if you predicted and then the opposite happens.

On the other hand, it looks like the price is going strong and might attempt to go to $8K Asian Time today /Sarcasm.

The reality is that no one knows what will be the path of bitcoin in the future, TA does not work

I bought several times at price 7500-7600. Maybe I shall be await until BTC is down to 6500. But I don’t worry, I will keep buying more when BTC is 7000.

Now we do have bear mode in the market? Now market is quite red but I don’t think BTC will be lower 6k. 6500 is lowest point I think.

TA isnt your forte i see.

Aaaand yet we can't break the resistance almost for over 4 months! I would just becareful for now anticipating the real crash coming soon. People start concerning about how their investment growing slow down even worse get too much loss from the previous hype of $20k. The downtrend still there remain running, current up? It's just another bull trap for me.

The bear is hiding in his cave as the market goes in upward direction. Most of the coins are now positive ups. I don't want to see the bear for this month.

Yeah. It real mate and as you can see the price of the bitcoin market is already bullish. However, it not too early for bitcoin to be accepted as payment during the World cup cause Russia is also part of bitcoin friendly nation. Read on what the bitcoin payment on  Forbes (https://www.forbes.com/sites/billybambrough/2018/05/31/the-russia-world-cup-could-be-about-to-boost-the-bitcoin-price/amp/),  CCN (https://www.ccn.com/russia-allows-cryptocurrency-payments-for-hotels-during-fifa-world-cup-2018/amp/) and Medium (https://medium.com/@VidrihMarko/2018-russian-world-cup-is-coming-bitcoin-accepted-as-payment-abd171cc2e6).

This kind of topic may result to panic for those who have weak emotions. We can say any opinion here but it should be supported by any documents or study. If bitcoin hits $6k level again, I think many investors will buy more coins because bitcoin can bounce hing in long term.

And I saw several bear flags for the alt, but that does not mean that you have to throw everything and buy this coin. It is not necessary to drag people's opinions about coins so that they are put into the coins you need and thus enjoy your forecast and justify your words.

My prediction is coming true brightass

I do not know why. Today I fell again on June 10. Is this really a bear market? I think there must be cattle this year. Why is that? Will it fall over the weekend? I doubt it.

That's not good in the crypto market if the price of Bitcoin will go lower than $6k and those altcoins will also affected. I will wait for that as I can buy more with that price. Although I not see that it will go lower than that as we have strong buy supports. I hope this will recover soon.

Another case where TA has failed to predict anything major, these things don‘t work. When sharp corrections happen it is due to certain news and you cannot predict that with this kind of analysis

i have been reviewing and reading news about the projected value of Bitcoin in the following months as a cycle through this news yes a bearish move is evident. somewhere in June according to news it will fall as much as the mid 5k and the market will start to recover in July. If we look back its the same pattern in April.

You have no idea MATE!
Wake up
We are in a bear market not a bull!

I agree to you somehow because at this very moment I looked in the market and I see lots of red :o. I tried to look for the top 20 coins and it suddenly shocked me that they all fall down except for Tether (but its rise is still not significant for me). FOr sure btc's dip is a major factor behind this.
I barely disagree because it's too early to say that dude. I know that btc is struggling right now but I think it is still far from hitting that point. So for now, let's just keep an eye on the price chart and let's see what happens.

Your predictions wont help weak investors to stay still and wait for the right time to sell. Do you have any proof to back up that statement? Well everything is uncertain and we cant accurately predict the future price of bitcoin, you might be right that we are in bear market at this moment however we all know this is a temporary situation of the market. We'll never know maybe tomorrow all coins were green status again. Its better to be positive in times like this to avoid unwanted decisions.

The proof was seen today!
Good luck!

As i can see it will go down again.

There's a lot of people depends on the news and FUDs nowadays that's why they panic sell.

good time to buy more altcoin when bitcoin price under 7000 $, enjoy the waves, it always bounce not for long time

BTC under 7K now

and your predictions is happened today,, fast and hard the price of cryptocurrencies down now
but, i hope the price will not go to 6k BTC my friend

this thought turned out to be a pity that btc has begun a sharp decline in the case that all estimates can be in the form of 6k.

Whales have bought more Bitcoin and the price of Bitcoin will go up again. The support line is near

I think it might be more than a month before we have a proper bull run up to 10k, the imminent regulaitons around the corner this is the year of the bear!

I think this is more of the WHALE SALE scenario. I have been tracing the sixth largest holding VTC address. It just transferred 8000 BTC to Huobi Exchange.

BTC Address: 1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7
Current Holding Amount: 85,947.12692972
Block Explorer Link. https://www.walletexplorer.com/wallet/01118876e81f14f6?from_address=1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7 (https://www.walletexplorer.com/wallet/01118876e81f14f6?from_address=1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7)

Whale of a kind on a fire sale, I guess.

If you read on Cointelegraph you will notice that this dip is purely news related, 4 exchanges are under investigation and the market saw a sell off when this article got published.

this fall was not related with investigations.

it is about coinrail hack, and the small investors panic sells.

it is hard to recover again

Hodl if you believe in bitcoin's ability to recover and invest more while the price is still lower. The bearish market is also time to buy some good altcoins for term hold. The latest hack of South Korean crypto exchange may bring down the crypto further but that is only temporary and all you had to do is wait and be patience.

6K is what people are saying. Uptick to 7200 and then down to 6K!
Idiots will FOMO in on the uptick!

you called it! Although I think a bounce to 7k-7,3k is likely to squeeze the shorts.

The theft of any assets on any stock exchange will not greatly affect the overall state of the market. Perhaps there will be some fluctuation in the price of the rating coins, But no more.

I believe there's no need for us to panic, I mean experts predicted it to reach up to 5k drop. I believe it's normal but just wait a few months again i believe it will be gaining momentum upwards again together with the altcoins. If we are not going to HODL I believe by the end of the year we will be all regretting for sure. Let's just trust the process and hope for the best.

When I first saw this post I did not take it serious but it seems this is likely going to happen. I need to start to improve my trading skill, it seems it is in trading that real money is not, as we can see the return people are getting from ICO is getting slim and even diminishing, so a good trader should be able to make money in both bear and bull market

A bear flag means Cash is King. Blood on the streets is a golden opportunity to bag and accumulate more crypto currencies to add in my portfolio. A wonderful time for long term holders but a disaster for those who bought on the peak. $6k per BTC is the approximate mining cost, so I consider it as a major support level for BTC. It could also be the most attractive price for institutional investors to enter the trade. A triple bottom pattern is also forming, which means a reversal could happen too. Let us wait and be prepared for any decisions we make.

I think bitcoin might go under $6500 again, according to last movements of it, but of course, I hope it will rise again above $7000 in a few days.

Price predictions basing on technical analysis would always having 2 outcomes either it would happen or would go into opposite way. When op posted this one we do head up on 6.7k price which is near already on the predicted price but it do still tanking up and once support broken up on 6k price we might heading possibly with 5500. This is only basing on technical analysis.Its not a guaranteed nor a sure thing but when you are a trading having these basis is helpful specially when you do make use up together with fundamentals.

But when the market begins to go down alts have a tendency to go even lower in their value than bitcoin so exactly how it is going to help you to get alts instead of bitcoin, if you really think the market is going to go down then your best bet is to buy USDT or to get fiat instead and then buy whenever you think the price has reached the bottom.

You said I have no idea and that we are in bearish market. Well, you're the one that don't understand what's going because we're in bullish market but the whale that disposed 8000 Bitcoin was the cause of this current bear market.

Its not bullish yet for sure. At least long term bullish.

I already used to this predictions, promotions, propaganda and etc. in which it will just make you expect something big but still did not happen and will just breaks your heart. I just normally invest and simply hold the coins without expecting too much because unexpected bullish is better than expecting nothing but still this is better than spreading FUD here.

Same here, crypto is already causing a lot of nerves since a while, if you would also follow all these far fetched predictions you would be constantly out of your mind, just ignore them

I would like to hear a more detailed forecast of the price. What is your forecast based on, what indicators did you understand all this about? The assumption is certainly interesting, but it seems to me that your forecast will come true on the contrary.