Bitcoin Forum

Eagle's Eye: Bitcoin to Stabilize Between $2,000 - $3,000, Experts Say

Bitcoin (BTC), the world’s top crypto by market cap, is still experiencing tough times and is likely to fall below $3,000 in January and February 2019, according to experts. Several analysts believe BTC prices will stabilize between $2,000 to $3,000 price level.

BTC hit $19,783 on Sunday, December 17, 2017, but by early January 2018, it was at $13,615 a 31% slump. At press time (December 5, 10:30 UTC), Bitcoin is trading at $3,891, which is by 2,78% lower than the previous day. The market cap is also at $126.7 billion.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-to-stabilize-between-2-000/

https://coinidol.com/upload/resize_cache/iblock/c31/900_900_1/c31db9f668e592b704e0caa03b8796b9.png

Experts Say?

I remember very well that in December of last year these experts said that by the end of 2019 the price of bitcoin would be $ 40,000. they made very high price forecasts and today these same experts are saying that the price will fall for  $2000 to  $3000? look at this difference of absurd prediction, before it was $40,000 and today they talk about $2000, why the hell still believe in these experts?

If the cryptocurrency market falls further in January-February of next year, it will be very bad, as the panic will intensify even more, many will leave the market, dropping their coins and tokens at these very low prices. Because of this, stagnation in the market will last at least until the second half of 2019. Events after this are difficult to predict.
If the states, at last, begin to regulate cryptocurrency and especially the activity of ICO, then this can revive the cryptocurrency market.

Really hard to see where the price will be in early 2019. There no one that can accurately say that this is the "X" price this month because no one has the crystal balls. This market is based on speculation, and sentiments can make a sudden U-turn, in an instant. Maybe what we need to do is just prepare ourselves for the worst or look at the bright side, its a perfect buying opportunity for everyone.

Those so called experts would really exist into this speculative market.Even an average joe can make his own expert speculations.Expected that they would
changed up their view on what they are currently seeing. Back on December where BTC shoots up $19k i dont believe that they havent dragged with the hype and now
its no surprising that they would tell opposite things.

The only thing that do excites me is on that McAfee price prediction with some attached deals.  ;D

I think there's a pretty good chance to witness the prices below $3,000, because the bear market is not over yet, and it was always featuring some dramatic flash crashes, but this doesn't mean that $2,000-3,000 will become a new floor. Regardless, the current market is a great opportunity to buy for the next bull run, x10-x15 profits are awaiting those who will have strong hands to hodl for the rest of the bear market and sell near the top in next years.

$3000 should be the solid ground that bitcoin will start using to climb higher and higher. I believe bitcoin can recover since it always did. Just hold people.

Seems possible at this point.

However, I still think that bitcoin's support at the $3k will be very strong. Whether or not prices will dip below that level remains questionable in my opinion.

Just remember though that these so called 'experts' can be wrong, and a lot of outrageous predictions made by them have not panned out at all in the past. We are definitely close to the bottom, at this stage, given the length of the bear market from a time perspective, as well as the percentage loss from the ATH which is close to when BTC bottomed in 2014-15.

I believe that if the bitcoin stabilize lest say in $2500 it will be seen as more trustworthy and the governments will surely start accepting it because they don't like the instability or the speculation.

Seriously? Going by your logic, why didn't governments consider Bitcoin to be "trustworthy" when it maintained its position above $6000 for such a long period of time? Bitcoin was so stable, that the degree of volatility reached near all time lows. People were even in the process of referring to Bitcoin as a stablecoin. Great time it was to use it as money.

If anything, with the recent market activity it makes more sense for governments and others to lose faith in Bitcoin, because it hasn't done anything to signal being a reliable form of money, nor an average joe proof asset class.

Experts my ass! What credentials do these experts have in Crypto currency trading that gives them the ability to see into the future? We will not be able to predict the turning point, until we can isolate what is causing the continuous drop in the price. <Someone is definitely manipulating the downward spiral of the price and I have a pretty good idea who this might be.>

Just look at the fortune 500 companies that are still investing in Crypto currency businesses and you will get your answer. Some other large financial institutions are also quitely buying cheap coins now.  >:(

Its funny to me how the experts are _always_ wrong. Ergo, if the "experts" are now saying $2,500, its logical to assume that BTC is either going to fall way lower than that, or else we've already reached a bottom and its going way higher.

With 22 days to go in the year, all 4 of these "experts" couldn't have been any more wrong if they tried:

https://coinclarity.com/four-bitcoin-price-targets-for-second-half-of-2018/

tl;don't want to read:

Prediction #1: $100 – Joseph Stiglitz (nobel economist and so far the most accurate)
Prediction #2: $20,000-$25,000 – Tom Lee (yeah I know he "revised" to $15,000... he'd be a lot closer @ $1,500)
Prediction #3: $50,000 – Arthur Hayes (BitMex founder)
Prediction #4: $60,000 – Julian Hosp (TenX CEO, avid windboarder)

CNBC will just have to roll out a fresh bunch of talking heads for 2019 I guess.

Bitcoin really looked like a stable crypto currency from March to November 2018. In my opinion, the large BTC holders realized that the US SEC would not approve a Bitcoin ETF in the foreseeable future due to the reasons they published in their report. Therefore investors have decided to lower the BTC price so as not to feed the Bitcoin miners.

I believe that the current crash of crypto exchange markets was ignited by forking Bitcoin Cash and creating Bitcoin SV. Although it was probably just a pretext for selling a huge amount of coins and tokens.

$2000 is too pessimistic prediction for Bitcoin price.

I will not only hold but also buy more.

The end if 2019, thats 12 months away, it still might reach that!

Ah its all speculation, anything can happen (except going to zero).
Bitciin to stabilize between 2k and 3k, what a rollercoaster ride
the last 2 years have been since i started with bitcoin.

More rolercoasting to follow.