Bitcoin Forum

I just noticed the price chart and saw that few 100 USDs of value fall down for bitcoin. Will it be recovered in a future day or tomorrow?

Thinking to exchange some coins, I do not want to loose the peak value chance, will it reach 10k Soon.

Most of us are expecting it to reach $10k this year,
But we don't really know when would it reach it but I think it is really possible to reach it before this year ends.

Absolutely anyone don't can understand probable future of bitcoin! but in some past days bitcoin has been price rising more then 1/3! then we can keep hope definitely bitcoin will be more rise it's value in near future! I suggest you hold your bitcoin more some days and keep eyes on cryptocurrency markets!

Ups and down in bitcoin price is just normal because of the market demand. But we don't need to be worried that it will drop down again. No body knows when it will rise too much and reach $10k but i think it will happen soon...we just need to waiy more time. For now let's be happy that bitcoin market started to recover from a long period of dump.

Well, there's no way telling if ever the market will continue to go down or it is just temporary. The market is volatile to perfectly predict what ia coming next. Just stay calm and trust your own speculation, being to emotional in crypto is not ideal. It's either you will regret not selling or regret that you panick sell. It is all up to you.

The bitcoin already reached 7k looks quite promising, this month has risen + 39.07% could certainly reach that goal of 10k in a matter of months, although sometimes it is not good to put all your eggs in the same basket, but it looks good in these moments.

For me i think the btc price seems a bit high. I would prefer for a short pullback before entering a position. 10k is just around the corner, but patience my friend, lets it simmer for few days.

I personally don't like/enjoy trading. At least for now.

No one can surely predict what will happen in the future. It's better that you try to come up with a strategy, any strategy than following someone's advice and then blaming him/her or worse the forum for bad results that might come. Now if you get good results i would be really happy to be wrong.

It's really hard to say. I believe that it depends on the big players and the news, for now in the short term.

If you are satisfied with your gains then I don't think you should be waiting for any more chances to cashing out. Remember sudden fast movements like this one are not seen as a long term continuous upward trend they are just price jumps normally seen for assets trying to go bullish. The 100$ you have seen now just became 700-800$ on some exchanges showing you proof that this ain't time to sort out opinions in the internet as well as question every decision you want to make.

How someone can tell you that the price will reach 10k or not?
What if I say now hodl, the price will reach 10k? But in reality, after a few days price dropped by 1k? Then you'll want to eat me at your dinner...  :D

I can understand you want to gain some more by selling when the price at peak but no one can assure you the price will reach 10k or nearer.

Yes, that's the toughest decision you have to take now...

no one can guess whether bitcoin will be able to reach $ 10k for this year because bitcoin is cryptocurrency which is still not stable sometimes he goes up very high or down very low and he can also reach $ 10k dollars and then the price drop quickly. so let's just hope that bitcoin become more stable day by day

This is just a temporary dump, a normal trend after a big pump so i think the price will recover and go for higher price. I suggest to exchange your money to bitcoin now, if you really believe on bitcoin better prices will happen. Look at the chart, and see that the bull is finally here. I would love to buy more as much as possible right now, don’t miss this.

the answer depends on why you want to sell some coins!
if it is as a trading decision to take out profit and continue trading after buying the dip then it makes sense to sell right now which means you should have sold above $7k and bought back after the drop within $6k range. and since this drop you mentioned was a simple correction, this strategy makes perfect sense and has a good profit in it.
but if it was to sell since you saw the rise then it is way too soon to sell because the rise is just starting. there is no way I can tell you when we are going to reach $10k but it can say for sure that the rise is at the beginning of it and this drop and the similar drops that we will see after each rise are just corrections.

It has already begun to recover in value. Got close to $7.6K and dipped below $7K and is now currently above $7.1K as expected. Am not expecting $10K anytime soon and am expecting it to stay in the $7K range for sometime before surging again towards the $8K mark.

In my crystal ball, there is a 65% chance that Bitcoin can exceed the $10,000 level within this year or at least before 2019 can say goodbye. That is assuming that there will no big negative developments that can affect its continuing upward trend. Now, does it mean that in 2020 we can expect Bitcoin to fight its way towards $20,000? Well, that can be possible but I am always preferring a little slow but steady upward movement rather than a sudden pump which can also later on produce a sudden dump. There is no question, this is the Bitcoin moment as it is sucking almost all the energy and excitement in the marketplace even to the detriment of many altcoins.

Just becauae of that damn small falling from bitcoin price you are panicking? I cant believe this mate becauae bitcoin had already grow more than 100%/ yet you are acting like this?

Better sell all of that coins and buy all in bitcoin for the best results of your investing because risk is indeed but profit is more than enough to attract us to buy and hold bitcoins

There isn't anything to recover, IMO, as the prices that we all saw the past few days are just the results of an over-inflated and over-hyped bitcoin with FOMO on the side. Correction would surely find its way before we see any grand push within the next few days, and I'm pretty sure correction has long been overdue for bitcoin as we are already 10+ weeks in the greens, and it has to come down somehow. $10000 is very plausible at this rate, though I wouldn't expect it to happen within just the next few days.

More than $100, we peaked around $7500 and then fell to $6800 and had good support around $7000. Now the price is moving ahead again at $7200 and more.  $10000 is doable, at the rate of the current runs before pulling back, I'd say maybe in the next 4 weeks or so we could touch it, IMHO. FOMO is real, and we have seen this is the past, so better be ready to watch the waves again.

Hoping that the price of bitcoin will increase is the wish of all of us. But there's no guarantee that bitcoin will reach $ 10k this year. So maybe hold on for a long time and wait until bitcoin really comes into the up trend is probably the best option. I always believe bitcoin will be valuable in the long term.

You need to decide and make your positions very clear so regrets will not fall back on you when market runs against to your position,
you have to stand firm and allow yourself observations be the deciding factors from this investment venue that you selected,.

I think this is quite normal and the price will fluctuate and go back and forth in the upcoming period. Maybe some bigger corrections are also possible and I don't expect that the price will only rise.
Although the situation on the market is looking good there is still a long way to go until 10000$ so don't expect that value too soon, you might get disappointed.

It's just a matter of time, bitcoin is on its way and trying hard to reach $ 10k again. Although sometimes prices have decreased but we don't need to panic easily because the drive for bitcoin continues to arrive.

Apparently, I really don't see any dip in the bitcoin market for a whole day and it seems that it is just merely unstoppable on its way back to $10k at last.  $10k is on the horizon this week because we are now officially on the $9k mark so $15k might be the closing price of May before we enter June.

I am totally amazed at people's questions on a anonymous/public platform specifically targeted at Bitcoin enthusiasts. What kind of response do you expect to get from a bunch of people that are extremely bullish about Bitcoin and it's future? Top this with the fact that these people are anonymous and not responsible for their actions and comments and you have a perfect scenario where people can say whatever they want.

I never take investment advice from "anonymous" people on the internet, but prefer to look at the data and analysis of people that are not 100% invested in the commodity or asset that I want to invest in.  ;)

"History repeats itself"  ;) Bitcoin is about to touch the milestone of $8k and soon going to rise above the $10k   :)

If anyone could exactly predict the market that accurately it would be a cake walk to make billions in no time and if you think or claim anyone can predict exactly how the market moves, they are just lying to you, the market could go down any moment, you cannot think that it will always move higher, i did not expect the market to move to these levels this year and it is a huge surprise for me since the market kept of breaking every resistance without showing any slowdown.

Now it's 8153 on the BTC unit value and it will continue to improve, chances are we will see 10K more this month by looking at the growing market conditions such as bullrun ;)

Bitcoin market can be recovered due to it’s price right now is really surprising. And it suddenly reach 8k so I think we will see 10k again. Yes we do not have to be panic rather let’s be calm since market is showing in a good condition.

If you study the bitcoin chart correctly you will notice that before it make any measure increase that result in hundred of dollars it always decreases before it take up, despite the fact that the market is volatile and unpredictable I will say boldly that we are going to achieve the $10,000 bench mark before the end of this month judging from the recent bull movement.

We are expecting a huge profit from the market maybe Bitcoin can reach near 10k or maybe not. But let's see what happens nothing is better than what is before we are already riding the bull. The price is almost got double in around 1 month.

Thats true, because bitcoin is volatile so do not surprised on its price if this is happening, accept or understand what makes happen. Think positive if you see that the price decreases. We have no idea if when did it increase again. But always believe and patiently waiting that it will recover soon. But we are still thankful that the price is already recover after a long months we experienced.

I'm expecting a dip back to 7k and 6k at the lowest if things get really rough.  As soon as bitcoin broke 9000 the dumpers came out in full force.  For the people wishing they bought at 3k, don't miss this next dip because this could be your last shot before bitcoin reaches 20,000 again.

That is the type of views I am having on the market. Many people and investors are regretting that they could not buy at $3,150 or at most $4000 but and opportunity has presented itself today again because of a truth few people see the current dip comming. I have tried to tell some of my colleagues in the office that has interest on the cryptocurrencies that " bitcoin is on it way back to $20,000 based on the current thing we are seeing happening and I believe that if they could buy now they are going to sell in huge profits in future".

We are still far away from 10k, i think 10k we will have maybe on July because now again the price drop, but maybe not because who invest on bitcoin maybe will sell if they are on profit to go on summer vacantion.

The dumping we might be seeing now might all just be a correction at this stage since BTC had move a little bit too fast during the last few weeks. This is expected when the price action isn't really supported by any kind of increasing volume especially when the RSI is extremely overbought, BTC or even the market correcting is an inevitable thing to see. Hopefully when it will rise back up again it won't try to go back up on a faster pace.

Probably just a correction my friend, not to worry because nothing happened like hacks, bad news etc
Just wait, don't sell and market will recover

Noilee
His case (positive look through price decrease) is absolutely diffetent case to my mind. Current fall wasn't normal fall, it was 1000$ decrease in a moment when everything was going positively and even in one hour price fall was more than 300 usd.
It will recover in anyway, it had to recover, otherwise it's impossible but I think there is a game from big guys to earn a lot of money too.

You can't predict the top as much as you can't predict the bottom. I honestly assumed that we would at least hit $9800 or something similiar since it looked like the support held.

Now we are getting the opposite, since that dump a few hours ago, we are hitting resistance areas and being dragged down. We are also falling very fast. Which is a signal that we might hit the $7000 area sometime in the next few days or so.

I think that $6000 or $6400 or so is very strong and it will most likely hold, if it doesn't hold we might enter another bear market again.

Seems like selling pressure's gone down a bit in the past few hours and we're starting to climb slowly back up again after a bounce in the low $7400s. The possibility that we break through $7k is still present, but I believe we've reached a local bottom for now. 4H RSI is now oversold, Daily RSI isn't overbought anymore, and the weekly RSI has also dipped slightly under overbought levels, though there's still plenty room for a fall here. Might not be a bad idea to open a low-leverage long here.

Just what I expected. This correction may not last for many days and soon we can be back speculating if bitcoin can see the $9000 level again. This is just another repeat of its own history...and it makes bitcoin a very exciting and pulsating investment vehicle. Volatility can be a ride liken to a roller-coaster. Let's have fun, baby!

Lol I wouldn't even call it a correction since we bounced right back up in just a few hours. It's just volatility at work, and it's crazy how many people seem to have panic sold (social media made a big deal out of it).

I initially thought this run would be short-lived, but now I'm entirely convinced that we're out of the bear market. $10k is likely in our immediate future.

you seem confident we've seen the end of it already. sadly, i think that may have just been the start of the correction.

a few reasons why from the daily chart:

• price plunged far below the 20ma---haven't seen that since the january 10th dump which preceded a month long decline
• strong volume on red days, weak volume on green days
• the shape of the run up: instead of curving vertical, price momentum slowed and now appears to be toppling over
• instead of testing the previous top as support and continuing up, we fell into the previous range = exhaustion

probably some volatility in both directions but overall i'm expecting more downward pressure.

Sellers have taken a large chunk of liquidity out of the market in a matter of a week, which I expected to be topped up again, but it really seems that the market is preparing for lower prices.

The market has deceived people more than once this year, so it might just as easily pump over $8500 again and rush further, but at one point the market will follow the technicals and do what it indicates.

Don't forget that as fast as the price went up in the last couple of months, that fast can it plummet too, or even faster if the panic sellers start triggering each other. Feels good to have some fiat on hand. :)

You know how the markets work exactly they basically do the exact opposite of what most people expect.

Take 2017 for example, before BTC broke $10K for the first time. I sold most of my BTC at like $9500 and even took a short at $9800 because I assumed $10K wouldn't break, it did.

Take 2018 for example, people assumed $10K was strong support, it wasn't and broke under.

Then take April/May 2018 again, the taxes were paid and everybody was assuming BTC would break $10K and never trade under it again, it never hit $10K.

So now we are in the same boat. Everybody expect it to break $10K, and most likely it might come close $9800 and reverse like last year.

or maybe it already did at $9100. :)

i've been looking through lots of analysis and the consensus seems bearish. lots of traders plan to rebuy at $6k so i assume the market will either 1. front run them and we won't even go below $7k, or 2. crash right through $6k just as easily as it broke on the way up.

It's alright to see slight dip of bitcoin price market value, because more buyers will be given the right opportunities to purchase less cheaper btc. Technically the price recovery was still working out in order to correct price manipulation on some group of anonymous holders. Possibly $10k was the main goal  for each long term traders who aimed an established price of bitcoin, and hopefully someday this month of June we will see great surprises that will shock everyone, which entirely create positive effect for the whole cryptocurrency community.

Bitcoin is having a hard time reaching 9000$ , and now its going down below 8000$ even we are seeing good news  about bitcoin. Maybe some traders just cashout thier profit buy bitcoin again at this price before a bullrun will take place.

the problem with the "analysis" you read online is that in 90% of the time it is not what traders really think. for example when price was in $3k range and an accumulation was obviously going on, most of these analysis were talking about bigger falls and every one of them were waiting to re-buy at $1800 and low prices like that.
in other words you can't really rely on their nonsense.

I don't need a surprising moment, I just want the price to reach $10k this month and that is enough for me. I really thought, June will be better since we had a great run in the past few months. Well, I think we just had to deal with it, that's how price really works because of its volatility and we are still in the first week, hope something good will happen before the end of the month.

And that is how the market works, people here are into the business of making money, so don't be surprise if investors starting to cash out specially during weekends. However, the price is really looking healthy even though we have this sort of dips along the way.

Just remember that the price will not go on a parabolic rise, sooner or later there will be some investors booking their profits. Nothing has change, the only constant we are going to see is the rise and fall of the price.  ;D. And eventually we will reach $10,000 in the next coming months and then there will be some folks who will go and sell and then the cycle repeats again.

"You really got it" . Some traders are now taking profits especially the day traders. It is good we should be used to this type of price movement and trend as the market cannot continue going up and likewise continue going down. In between the trend we have little up and down.

Let's continue discussing while bitcoin has not reach $10,000 yet.
It's possible and there is a big possibility, but correction occurs and therefore have to be accepted.

Today, we have witness a slight recovery, we should see bitcoin back to $8000 soon, and we needed that to start a run again going to $9000
which we just passed recently.

I think btc will need more time to settle down, the most important thing now is the stability, it will be useless if the rising is high and fast but got big dip of correction, bitcoin need to have a good resistance before jumping to another level, don't too focus on the price but pay attention to its potential, 10k wont be too difficult if we already got huge of transaction volume

I think Bitcoin will not touch 1000$ so soon. Corrections will continue to appear and users have to be ready for that. At the moment it might seem that price is on the path to recovery again and it's heading towards 8000$ and more but there is no guarantee for that and I think we have to be ready for different scenarios.

They already take their profit when the price is at more than $8000 because that will be a good price for them. And now, they are buying more bitcoin because the price still in a dip price and they want to wait for more to see the price is down again so they can get bitcoin at a low price. I am sure that bitcoin will be recovered and will reach a higher price again and not just to reach $8000 again, but it will reach more than that price.

It is a grizzly feeling day for Bitcoin. Right now it is at $7,696 with a lot of smaller red candles. I hope that price starts moving up again soon!

I think it will recover but I am not sure how quickly it will do it, we are at a point where the price is so tender and fragile that even one big sale will make sure we go back to bear run times of 2018, just one big sale from some person who wants it to go down, they can literally buy shorts from bitmex and then sell 5 thousand bitcoin all at once and profit insanely with that move.

Hence, first we need to see if that will happen before we go up or not, if we go up without anyone doing something like that then we will be going above 10k easily however if something like that happens I am sure we can go as low as 4.5k or so very quickly. There is no chart or prediction that can see this future, its all about that person with that move in mind doing it or not, there is no technically analysis that can foresee something like that.