Bitcoin Forum

Hi guys,
Maybe you have noticed that we are in a bear market.
I have first predicted that BTC will hit 5900 when BTC was at at 12000. That time we went to 6400 only. Then late April I have predicted once again that btc will hit 5900 by late June due to the market conditions. People has laughed at me. However when the price decreased constantly they have forgot to laugh. They have blamed me for that. A random guy from the net. Isn't it funny? Well they banned me from cryptocompare. Hope this forum will let me to predict the reality which is 5900 by late June. Even if you like it or not. Also from early August we can expect a good bull run which will last until Middle of December.
Regards Daniel

I can`t say that we are in a bear market.The btc price actually increased from 7400 to 7600 USD,which isn`t a serious price growth.I would say that we are in a frozen market.And yes,the price might go down at the end of June.Perhaps many traders will sell their BTC holding in order to buy more EOS.

I never see people blaming a random guy when bitcoin starts to decrease. Why you are getting all the credit and blame with your prediction or you just feel that you did?
I'm done with the bear market predictions so what will be the good price starting August up to December?

I have not.

You are free to predict anything you want, don't worry. The worst that will happen to you here is that noobies will call you a fud spreader.  :D

Even though I don't necessarily agree with what you are saying, it's more realistic than 99% of all the predictions here.

I actually think that we are lacking bearish predictions. I want kwukduck to come back. I miss that dude. I sent him a PM just now in the hope that he will get an email notification. I asked him to come back. His last activity dates back from late February this year.  :-\

Maybe your prediction is true that 5900 will happen ,I'm not agree  ;D but I will not blame you in predicting ,this is called the reality of all opinions but you must include sweetener like your own graphics is it a mature analysis?

Thank you very much. Then bitcointalk is a more mature forum if you would never blame anyone for a bear prediction to come true. It is really hilarious indeed.
After the late June 5900 we are going to see hopefully some bounce back to 6900. Well some perma bear talking about 3000-5000 price levels and then a huge bounce back to 7000. I am moderate with my 5900. So then we will hit 6900 by middle of July and then early August we will hit 7900. This is the star of the real bull market.  Then end of August 8900 and the end of September 9900 and then hopefully we hit 17000 by middle of December. Then crash down again.... I don't expect a new ath this year for sure. 80% likely this scenario. 18000 is out of question. 17000 is already mega optimistic.

mAybe what you mean end of July?and can i asked something?why is it permanently 5,900?why not other value or maybe thats the safest prediction so if  this only take near 6$k you can say close enough?

No it will never go down lower than $6,000 again not for the last six months of this year,price will strongly holds $7,000 until bullrun happens

For i don't see that bitcoin will reach that price but I do really like this to happen if there is a chance since this will surely give me a big profit for buying it low and wait for the chance to sell it at the highest ath.

no

even a broken clock is right twice a day.
making random guesses online is not the same thing as speculation. what you are doing here is making a random guess.

what are your arguments about this "prediction"? did you see it in your sleep? did you see it in some magic ball which shows you the future?
because what i see is you talking about how people laughed at you. and you know what people ARE laughing at you right now too, not because the price you said but because you made a random guess. even if price actually go es to $5900 by late June people will still laugh at you because you are naive enough to think you actually "predicted" it. ;)

I hope you are certain of it, because I have been accumulating some fiat to buy.

I'm also expecting the price to skyrocket by August, like it was last year.

Can you call that the bottom? Sgbett called the top with some precision, I just wish someone can call the bottom in the same manner. I'm not good at it.

Some people are saying that we're on a bearish market. And those people were unfortunately, I'm putting my trust on. And this bearish market, was said also in this forum. So, I believe now.

i think bitcoin price will drop to 6400

What is this prediction about? To put in the everybody's nose that you were right with your prediction one day? And tell me please on what facts your prediction based? Just on your feelings as I see for now.

Did you read this already?

https://blog.goodaudience.com/bitcoin-futures-and-the-ghost-of-gold-81418864c961

If we are out of the bear market by August, we can pretty well reach 86k by December, not 17k.

Your figure of 17k is still within the current bear market. Looks strange at first, since we assume a bear market wont allow for such high. However, there is a bullish undercurrent from last year which is not dead, a different situation from the 2013-2015 bear market.

If the bear market is really dead by August, then this bullish undercurrent will join forces with the new bull market, boosting it to a new ATH very quickly.

I think 70k or 85k is just overly optimistic. But if I bought BTC at 5800 or 5900 and it went up to 80k that is only a good news even if you are in Altcoins. Personally I don't think it is possible unless if there is a global war. Then BTC would skyrocket as it is a safe haven and the best way to save your assets in a dangerous world.
To explain 5900? It is very easy. No new fresh money. Lack of bullish volume and price movement currently. This is all indicate the increased likelyhood of 5900 like it or not.

There is the risk of a trade war between the US and China. This would have global implications.

I am too waiting prices around 5500 dollars in the beginning of summer. After that the prices will stay around high 6000 dollars for the rest of the summer.

Longer term of course we are in bear market from December last year when reach ATH. But shorter term May was a bear market, June might not be. Same as April was not. I personally give more chances that June will end with higher price then started so over $7500.  But there is long time till end of month and we might fall into next short term bear market.

May be you are correct with the least price or high price Bitcoin would reach that specific month but there is no substantial data points to prove that you are right. Anyone can say any numbers and on a fine day it may be or may not be true, hope you should predict with some valid data to say that Bitcoin will come down to $5900 by June.

That's why speculation is so hard. I think he has a good chance of being correct though. When bitcoin crashed from 19k to $6k, that was capitulation. We should see another stage of capitulation which should take us in the $4k - $5k range, but it hasn't happened yet for some reason. $5900 by late June does definitely seem possible, maybe even likely.

Yes we are in bear market* but somehow it's not totally a 100% pure bear market because as you noticed, bitcoin bouncing back and rebounding somehow on the process. Not just bitcoin, but other altcoins as well. The price is in roller coaster and not on a continous dump. Others are taking advantage during the dips and we can seen it the way price moves recently and up to today. Some alts established a 5% to 10% increase and decrease at the same day at weekly monitoring.

If that is your prediction then so be it. And why the heck the price decreased will be blamed by you.

Anyways I don't mind this current market situation in terms of selling bitcoin because Im on a hodl as always. What my concern is taking advantage of the dips and the recent price can considered as good entry point. Goodluck to all.

Every people had their own strategy and speculation of bitcoin price.Some may speculate to high value and some may had negative feedback about bitcoin due to many time fluctuation.They may get frustrated by the fall in price.I had some words for them,no need worry.Hold your valuable bitcoin.

That's because, like I said earlier, there is a undercurrent of the latest bull market, in 2017, which had not died, after all this capitulation. This bull channel is still alive and, in the case of a bear capitulation, it will cause a spike to a new ATH very fast.

Its like a tug of war between bulls and bears. A lot of hodlers had been born and tested in 2017, and all the weak hands had got out already. So, its a different situation from 2013-2015, which had a 100% bear domination.

When the price had not rise in May, I assumed we were in a multi-year bear market, but the bullish undercurrent is still alive, so 12-18k is still likely to happen in December, even with the multi-year bear market. Without it, we can reach 100k, specially if a trade war happens between the US and China, which will force a lot of institutional investors to hedge in bitcoin.

Thanks. I agree. It is a very likely scenario. Also it would be a great entry point and great chance for new money to come in into the crypto world finally. We need desperately new, fresh money to flood in into the Crypto world. Fresh flood of smart money. This huge amount of new money is waiting at the sidelines at the moment. Waiting for the right moment.

Man!!! you made me miss kwukduck. I don't know if there are some spells with his predictions but truly when he predicts about bear market, opposite thing is happening for real.

You are free to give your thoughts and predictions here as long as it is not offensive and you are not breaking any of the forum's rule. I skipped with your prediction with $5,900 - $9,900 as I'm fine also with those prices.
But with what you've said about $17,000 at the middle of December that's realistic and as usual after these ATH's another crash may occur just like what happened in the past.

Hi Daniel, thank you for giving us your thoughts. If you hit your prediction on the mark then good for you. However, its really hard to say where the price will go at this point. But everyone really hate predictions with no TA to back it up so I suggest you put your TA or Graphs here so that we can discuss. Of course this forum will give you the chance to speak your opinion. But prepare to defend your opinion at all cost and again a good TA to back it up will also a good thing to do.

I agree with you. The $6k support even though strong right now, doesn't seem to me at least as the definitive bottom of this bear market. Currently, we're seeing no signs of an immediate trend reversal, which means that prices are going to most likely move downwards slowly in individual dips.

However, I would not say with such certainty that this will definitely happen by the end of June.

You simply never know in such volatile market conditions, especially when we're still in the process of consolidation. It could take much longer than 3 weeks for the $6k support to be broken, even though I think it will eventually. On the flip side, it could be a matter of days if negative regulations and press coverage affects markets in a drastic way.

I completely forgot about him, thanks for bringing it up. He was actually the perfect opposite indicator of what the market would do. It's almost like he on purposely was helping people instead of making them sell.

His inactivity might indicate that there isn't anything to fud about, and that we might be up for a long consolidation phase. It's of course pure speculation, but it would be cool if that was the case.

I just hope that he didn't lose interest in this forum. It would mean that yet another old member left due to the lack of knowledgeable sparring partners. I hope that we don't end up doing the same years later.

Exactly. At the moment the media is treating crypto quite nicely. Crypto friendly news. Relatively crypto friendly. At the moment the governments are confident that they got this and they can control and regulate the crypto world which I doubt anyway. Shall I make a TA? That would be funny. Ta the secret knowledge. Ta might be good if you combine with common sense.

I do not think that bitcoins will reach $5,900 dollars because there are still a lot of people who are investing today since the market price is decreasing, the best thing to do is just hold your coins or invest as well in order to earn more profit in the future.

in other words the bitcoin price will not fall to the number $ 5,900 at the end of june lol !!! just to let you know that prices are slowly rising and the market is continuing to pump up prices, so what price is still going down with the current market struggle? actually my personal view of bull run will happen quickly, at least it will happen this July.

I'm still laughing at you. The price will not be below 6500 dollars. Large speculators can manipulate prices because there are a lot of Amateurs in the cryptocurrency market. But it can't go on forever. The price will definitely go up. You only need to have patience and not give up income in Fiat. This will always help to survive the hard times and not to sell cryptocurrency cheaply.

Well let us see who will laugh at the end of June. Current Btc price is no reason for a laugh. I accumulate more and more fiat which is ready to be deployed at the right entry point which is 5900 by late June:)

No.  It seems ok pal because it's showing green sign. And i noticed as well its starting to increase gradually on this month, 

actually pal no one will believe on you especially if don't have strong evidence about your prediction which is reference that can convince more people to believe . 'cause you know there are some fud's here in crypto world, so next time make a proffs of work to avoid negative feedback from the crowd.  

Im not sure that it can be happen as a read the news, article they says that it mid of june kt decrease not that much but it will increase by july, as the graph and market says maybe there still a chance for those holders and investirs forctheir chance to take those loses already. Lets hack faith in bitckin.

I think it's normal for bitcoin to become bearish at this time or moment we are only at early times of the 2nd quarter of the year, but i don't bitcoin will drop at that 5,900 USD, and i will not laugh you on that cause we all have rights to express our opinions here  :), and yeah i agree to you that last of the year is the bullish month of bitcoin  8).

Did they ban you because of this? Did you do something wrong? Besides you do technical analysis to make these forecasts, can you at least show those analyzes that you did and that successfully managed to predict the price? if we assume that you is someone capable of hit your predictions then it means that you trade successfully, how many times have you already made mistakes, and how many times have you got it right?


in December we'll see if you're as good as you say.

bitcoins decreasing to 5900 is not bad because it only means that you can invest more coins in order to earn a huge amount of profit when the market pumps again before the year ends.

Exactly. This is what I am talking about. Also it is a very likely scenario. Like it or not. So embrace it. Prepare for it.

I will not pray bitcoin should fall to $5900 in days to come as that will be serious crisis in the market.  I think bitcoin is more of the uptrend than downtrend now as last week I was trying to think that bitcoin is going to go bearish but price was more of the bullish.  I was expecting us to see $10,000 before end of this month and I encourage us to buy and hold now.

Do you know you are indirectly spreading FUD? Anyway, don't feel that you are predicting the price of bitcoin accurately because sometimes, the price of bitcoin might go in the direction you want but to go, sometimes it doesn't. Though, with the way the market is moving, it's possible for it to reach $5900 but you should remember to view things with a brighter side.

 No mate (base on your thread question) 'cause on this moment the value is gradually increasing as i noticed. and probably before mid of month of june  it will touch down again 9k value, and by the way i know what you fell mate 'cause actually nowadays people always thinking  fuds when there's someone acknowledge their predictions,  so if i were you let them laugh 'cause most holders now is brain washed since fuds always intimidate.  Make you own move instead of sharing your knowledge to prevent suvlch issues.

5900 is too much. I'd rather think of 4000-4500

Well, 5900 is a moderate prediction. Even 4000-4500 is possible. However I predict only an optimistic scenario. Prepare your fiat.

I'll do the opposite thing. I'll sell all my cryptos.

I would realy like to know what is the ground for your prediction, if there is any at all? Or you just one of those who come here writing the posts just to write something not thinking at do they make any sense.
Any scenario with Bitcoin is possible and the price can go as low as the market allows but if you start a thread like this I would like to see some more quality information and not spreading panic and FUD with pure guessing.

Well, I agree. Claims need to have an factual evidence to support it and not by just stating a possible FUD which aims to spread panic.

---

Nowadays or this current situation in which Bitcoin's rate is down, There are a lot of people trying to spread things which could lead or affect one's perception towards the industry. Conspiracy Theory, this is an advantage to those who are trying to manipulate the market itself. Making the rates much more accessible to there needs then when it reached there expected amount it's the time in which they buy and repeat the same attack or strategy. (Which I think is happening not only in this industry but as well to other exchanges not related with cryptos.)

Personally I think that in this summer we can see even $ 3K and may be lover. Because now Bitcoin is only in the middle of its correction. To update its ATH it needs to go down firstly.

It's possible, yeah... But I hope that it won't be like that. I hope that the price will recover. Or at least Bitcoin won't pull altcoins down.

I do hope it will happen. Or even worse, would be great.

What we need right now is the exact opposite of the boom we had few months ago. We need the price to go dooooooooooooown far far far away like 3k$.
After that nobody will talk of btc again for months.
And we'll be able to have a bit of stable growth.
Then a peak at 7 or 8k
Then again the popularity making it boom to 40k
Then you sell everything and wait for it to go back to 10k

Love bitcoin

I am with you. 5900 is a very moderate and likely prediction. 3000 would even better. Great opportunity. People want proof of my price prediction. Check the price movement itself. We are now around 7250. This is in itslef is a proof. The price recovery itself was slow and very small. So the drop is imminent and likely. 5900 by end of June is very moderate prediction and extremely likely. 10k by end of June I would say unlikely 15% chance. 5900 is 30% 4900 is 12%.

bitcoin on 11th june it touches 6600 dollars so next possible price target is 5500 dollars and even 4400 dollars so bitcoin is on dump mode untill we see price recovery

The market has not been all that good since the beginning of this year, so whoever predict a bear market without any factual informations is just speculations. But to say 5900 usd is not true and I don't think bitcoin will come back to even 6000 again. It is aiming for 13000 price by the end of the year.

Next target is a double bottom at 6000 and another move up this time stronger after another confirmed reversal. Some people are predicting 4000, some 3000, some the death of Bitcoin, but all of them allow themselves to be influenced by panic. This is typical. Bitcoin needs to stay in the oversold region some more and force another short squeeze.

Ok, I don't need to convince you or provide any sort of proof which will prove my 5900 theory by late June. As you can see we are already close to 5900 and this is not even late June. So to say it won't happen is not professional to say the least. Now everyone can see that 5900 will happen by late June. 89% 49% for even lower amount like 5000 within 2 months. 🐻 ish trend. Bear market. If you cannot see this you have serious problem about how to read a simple chart.

I remember there was a prediction back in March that said it would fall to $3000 by July.

July is the next month. And last year, August saw the start of the bull run that finished in December (with a little pause in September). This can repeat this year, but if not, then the bear market will last until May 2019.

Also, from 20k to 3k is a 85% fall, which puts the current bear market in line with 2011.

I doubt that a bull market will be able to spring out all of a sudden just because August last year saw some pretty big growths in price. I believe that a major bull run is just out of the question for the year.

It seems like that based on historical cycles, bitcoin usually falls by around 70-85% from its peak before it bottoms within each cycle. And that should indicate that we are close to that figure currently, but probably not there yet.

I'm not sure about whether bitcoin would hit $3k by July, but I think that the possibility of a sub-$6000 level at the end of the month or next month is highly likely.

at least your prediction is better than these two guys  ::)
https://bitcointalk.org/index.php?topic=3087361.0
https://bitcointalk.org/index.php?topic=4452243.0

We are now at $6500, seems it will be earlier. Wether your prediction is right or wrong, for me $5900 is still a good price and nothing to worry that much. If ever it will go even lower, so be it. It's also an oppurtunity to us to buy at a cheaper price before having a new ATH in the right time.

$6500 is a thick wall.

for now it can be called a bear market, as long as it shows a very rapid decline, where a lot of hot news everywhere, potentially going deeper, the number of worries that occur, a profit for people to buy lower then more restrain self and wait until bearrisk is finished and heading for bullrun will not be long again.

It seems to me that the bad news is not the main reason that the price of cryptocurrencies is reduced. Someone is very successfully manipulate prices. All bad news specially create the illusion of a General panic. Wild the cryptocurrency market have been a Golden time. Now a large capital comes to the cryptocurrency market and this can create huge problems for small investors.

Negative messages are now prevailing over those that are optimistic. The recent drop in the Bitcoin price is historically normal. Since 2010 Bitcoin regularly overcomes crashes that are even greater than the current decline.
In November 2013, it traded at $ 1,000 when then also suddenly dropped to 300 dollars, which was also a similar decline in the price bitcoin as it is at present. No matter how big blow Bitcoin gets, the price has always recovered and has always been higher than before.

There's too much hate and these skeptics are happily pressuring the community by giving their negative thoughts and speculations.

They will only stop when bitcoin has fully recovered but we don't know when it will start.

We can only speculate about it. August and October seems more likely to see a recovery. If not, then only next year.

Well I don't mind bitcoin being $5900, but It should stay at a value for god's sake. Initial coin offerings are still kinda profitable, and day trading will be profitable once bitcoin price stabilizes.

and I agree that 6000-6300 dollars is a thick wall.

Thanks. Well my prediction was always a very conservative bear prediction. It was conservative still when BTc was at 12k and I was talking about 5900. The bulls thought this is nonesense. Of course it is reality and 5900 is a very likely scenario.  99%. Also I expect some lower lows within the next two months for sure. I am very positive and I would expect a bull run from September as latest.

Ypor prediction is almost true to the fact that Bitcoin price has seen the least price of this year. May be you are right or may be your prediction might be coming true. I really don't understand the reason for the trend and there are many reasons given in this forum like demand and supply is low, just curious why demand and supply is low rather than just predicting the low price.

Are you stuck on this number or something? Bitcoin can easily go way below that price if some wealthy dude decides its time to part with his stash of coins and so what? If it drops below 5k by late June will you admit being wrong in your prediction as much as in the case the price surges to 10k by that time instead? The Internet at large and cryptoforums specifically are lousy with self-proclaimed prophets but the only thing that counts in the end is profits, your profits (pardon the pun).

The market today is currently having a hard time to recover because of different fud that makes the investor to sell their coins but i believe that it will recover on one of this days since everyone will invest more coins due to the prices in the market that is dumping today.

Speculate on August and October why you have skipped for July? Let's assume that this year will be tough and bitcoin will struggle so give it up until next year?

There's December and we can't give up on it, if we're just going to speculate, let's speculate the positive way.

maybe a bitcoin price of $ 5900 this month because of the miners and investors who hold lots of bitcoins and they sell that bitcoin at high prices so profitable and big is so the price of bitcoin decreases down, but we should not worry about it.

May not even go below 6500$ now and as the price has tarted to climb upwards and reached already 6600$ so we can see some resistance happening from yesterday at those levels and may be weekend could be just a better time where it can rise above 7k+ and move upwards like after the fall it happens.

I really doubt that it will touch that price, because it would be almost impossible to see it going down again, i think that there is a lot of fud at the mooment, but it does not mean that the price will crash again

Ok. We hit already 5767 if you notice. So the prediction was deadly accurate. Next predicition is 4900 by late August. You can call me a Noob or anything you want however the price will hit 4900 for sure. 99.99%.  Bear market. Trend line indicates this and the volume. Also the history repeats itself. Our only hope that the price won't hit lower than 3990 since that would be catastrophic and tjen we can prepare for a multi year bear period.