Bitcoin Forum

As the volume of BTC is going down the price has decreased too. Do you think it just makes a step back before the pump to 15k+ or it will follow the trend to 5-6k?

I personally thought it would immediately bounce off $10K but it broke the support instead. It looks like like it found new support at around $9,800 but I don't know if it can hold. I'll just watch for now.

First, I'd move this to Bitcoin speculation thread, since it's not about altcoins.

Second, although Bitcoin should continue to rise a lot, there's a lot of manipulation and it's hard to predict what's going to happen next.
After such a growth in the last months, a correction is possible. And a correction would come with big variations until it would stabilize.

On the other hand an upward pressure is still there and the decrease of volumes could tell that people don't jump to sell (but also don't buy much either).
Or maybe it's just wishful thinking  :D

It is interesting that first bitcoin prediction was almost to 8k in the coming weeks, and the , chart moved clearly along the given lines. I hope it doesn’t fall below. Falling down now is simply not logical, there is nothing for Bitcoin to do there.

A good buy zone is around 9k level. If we break, then next stop is around 6k level and I can't even imagine what would happen if we broke through this level (new ATL?)  ::).

It just make a little correction when bitcoin was facing a bearish trend and there was a decrease on its volume trade and that means some people have already moved their funds to the stock market and i thought that crypto market has a very strong correlation with the crypto market.

$10,000 has not been the support or resistance level and it is just an assumption that people used $10,000 as a point for market decision. The support level according to my trendline on the weekly chart is around $9804 and when bitcoin cross $10,000 my mind went immediately to $9800 or $9700 bance off.

True, according to the TA I did, the closest support line was at the 9K price, which is clear I hope it will bounce back towards 15K. But if the price is broken I don't need to worry, meaning I can still buy it for lower prices before Halving next year.

For me I will follow the trend the road to 5k-6k value. I already take a risk so I will continue to hold and invest in bitcoin. Because I believe that it can be have more price improvement for the following weeks or months. Nothing to be worry because bitcoin already prove it's power so keep calm just hold and wait for your success.

Based on my observation this year, after a big pump there's a big correction to follow and then bounce back hard.
So I will follow the trend and I like what's happening now and I think that $15, 000 is the minimum target the moment it will start to bounce again.

The last week was much good days for bitcoin as it peaked at over $13000 after a long time in pain. But again this coin has started declining in price again, and it now sits at over $9000. I think this coin will further plunge in price dropping to around $6000 before again going up. This coin will again reach $20000 in this year.

In my opinion, the price won't go below $6K this time. The price seems to be stabilizing around 10K and may get as low as 8K but won't go any lower. It could be taken as a preparation of another bull run. Any price below 10K would be a buy and any above 12K shouuld be sell.

It could bounce up again but it ain't done yet. I see its possible to drop to about $8500 to test the support. Too risky to trade when the indicators says the opposite of what could happen. You'd be happy to hold you USD while the trend goes up and wait for another dip as the price chase up.



I actually think it could when you look at the indicators, RSI doesn't always present the correct data but justt to make sure, I'd wait to see near 30 in daily.

I'm not sure, but I don't think Bitcoin will fall back to around $ 6,000 right now. I think Bitcoin will start to rise again after the price has dropped a little more.

Hard to say. At the moment, the trend is still up. Perhaps in two or three days the situation will change and Bitcoin will really go into a bear market. You need to carefully monitor what is happening and make trading decisions.

now many people are selling for 13-14k. so people now have dollars in their hands. I do not think that whales are profitable to lower the price considerably so that people are re-buying. For that, then the same people pull on top and give them again to earn. Then, many people took positions in the long ago, the market went against them

I think it is an adjustment. BTC will pump to 15k $. Market signals are moving very well

Well. It gets better when you at dips. BTC is going to rise no matter what so if you don't mind seeing the price going down for now, it will be worth the wait when finally it bounces back. If the price can really dip to $6000, it wise to buy at that price as well. But no one can be sure if the price goes to that level with just this dump when we all see the volume is just few.

Stop speculating about the price, bitcoin price has always surprise in the market. Do not look on the negative side if the price drops that is normal in the market that the price goes up and downs, and also one of the normal thing in the market is there are lots of people creating thread once the price moves in any direction do not be like those people.

it is like the law in the market that applies when the volume of BTC drops, the price of some other altcoins also falls, not all of them fall but most follow the price of bitcoin. bitcoin can be said to be the king of all altcoins so it is only natural that this happens. I hope BTC will be back soon in its heyday.

It looks like the price of Bitcoin will continue to fall, now the correction continues. but I also can't predict the lowest price of the fall of Bitcoin.

now the growth of bitcoin is quite fast. up and down quickly, the market situation is now different from the previous year's market trends. bitcoin moves wilder, very difficult to predict.

As predicted by crypto pundits, the year of 2019 is and will be golden year for cryptocurrency. So the market is also moving in the positive direction with bitcoin and most of altcoins increasing in price. Bitcoin increased many folds in price. Now it is decreasing. I think it will drop to $ 7000 and will again increase and reach as much as $15000.

Keep the overthinking on the other side fellas, Bitcoin may go down to $9k but i think it's just a correction that's happening today since there is no FUD news coming out. And the stable price might stay at this level of $9k to $10k for let's just say a couple of days or week depending on the news. It doesn't mean it's a dump since $9k-$10k is a bit bullish compared to $3kish before.

I don't think it will go down again to the 5-6k price, but bitcoin will now stabilize at 10k and it is likely that next year it will increase even further up to 15k and this will be back in 2017.

I think, it was a conceived move. Now the stage of good growth, which can safely reach up to 15k, or even more, will begin. That would be a logical continuation.

I think there will be a pump. Now it is just a completely regular price correction. So, I hope that the price will rise.

Personally i think that 8k to 9k is good support zone and btc has to give good bounce from this range otherwise it can go much more down but most probably it will start a new leg up fromthese support zone to new highs.

As far as I can tell, this is a classic BTC pump and dump. There was no real reason for the pump, so the price is just going to go back down as people dump their coins to make profit.

I did the same.

I'll buy back when bitcoin goes below 6000$ USD

There are lots of predictions on the line as regards the plunge of bitcoin price. It might not stop at the price it is now but I envisage the the support might've around $9000, before it becomes stable.
@OP, you might need to relate your post with altcoins, if you want it to remain here.

The whales will again show their dominance with respect to price bounces, and now they'll have to take good chance to grab profit opportunities again. So this time while we see some dumps, the small inveso will again rise over and buy btc while it's declining at lower price.

I was not here, probably longer that half a year, but the topics here is the same I think bitcoin will go to 6k or 12k.. ;)

in this time it is developing only because we see the value of Bitcoin in the beginning of this yeah it will be more less than the current situation then only I will say it is going to the pump only if the Drop is suddenly happened also it will overcome that drop very quickly.

Dumpin is not happening for sure. How much ever people try to sell it, it is getting up at high speed. Now also it went into green.

I think it is only pumping up right now I'll be lots of improvement happened in in the previous month so that it definitely continuous the development for long time till the end of this year after this end of the year there will be a huge development came with the value of Bitcoin and I expect it also

There will be a pull back, every time bitcoin moves like that we see another price to reach.
I don't think that bitcoin will follow $5-$6k although that looks low now but it's possible.

bitcoin strong support is 10k usd and i think it will not break down and now for me bitcoin seems really bullish again.should reach 15k usd soon .

Maybe before Bitcoin was only a correction and now Bitcoin is back on its way to reach $ 10k+ That means if this continues the possibility the $15k target will break. We'll see, because it is very difficult to determine the direction of bitcoin, whether pump or dump.

As a longterm btc supporter and holder i do not really care about the short term price movements because i know that btc is still super bullish for long term hold, so personally i will not panic rather add to my position whenever i see some good dips or corrections.

Today, bitcoin bounced up from the support level and went up. I think that btc will continue to move up to 11200 $ , and from there he may well go down. Now Bitcoin has a very large volatility and in one day the price can change by $ 1000, a great time for traders to earn

It is unlikely that it will fall now to such levels, it is better to be in the transaction now , I think this year we will be able to reach new levels and above $ 20,000 , as a lot of positive news now goes on bitcoin.

i think it will reach more than 15k+ in the next few month due to halvening the bitcoin reward will be half the miner will sell few bitcoin that will not enought to support the demand for daily trades the result is the price need to increase.

I think the price of BTC will increase in the next time, the dump of the price at this time is temporary for the bull run in the next step. So that don't worry about this and continue to hold and invest in BTC. The success will come to most patient people!

You don't need to worry about the price of BTC, because before making the price of BTC increase very high then the price of BTC requires correction first, so this is an opportunity for you to invest in BTC before the price of BTC increase very high and gives you a very big profit, so when the price of BTC goes down, it is an opportunity for you to buy BTC without worrying about the price not increasing, because the price of BTC will definitely increase very high.

I agree, the high bitcoin price movement is not only happening this time, this has happened since bitcoin was traded. If we have good trading skills, we can take advantage of daily trading even though the risk is very high but certainly beneficial because of high fluctuations

I think it will be difficult for bitcoin to return to the price of $ 5000 after the bitcoin price has broken above $ 10k. Today's bitcoin prices look back above $ 11k and hopefully this upward trend will continue

I prefer staying at this price for a long time again. Just like we did at 6k.
Let it be savored by most of the bitcoin holders before it moves again to a price which no one knows.

Maybe I am just too worried that history will repeat itself and that is why I prefer the slow and steady movement.
Let the altcoins catch up for now and then maybe we could go back up again afterwards. 6 months will be fine. Just so we could prepare for the unknown.

Well, as of today's happening the bitcoin pumps up gaining 9.17 percentage in the market and i think this will continue pumping. Analyzing the chart it points upward and if the direction will not change with in 12 hours possible there is a new price value.

I thing it happen correction only for getting people buy more and going up to over support $12k, It's need a time to climbing to $15k when some people still sell it and some trader have day profit.

it won't take much time, bitcoin is growing fast, although the decline is also fast. the movement of bitcoin is very fast and maybe this is the trend that is happening in this year. trading with large capital is definitely profitable.

At present the direction of the market is still difficult to guess. fluctuations from the market are very visible. there is a lot of potential that can happen. we must be able to really observe the market to be able to benefit.

There is a recovery phase before another bull run happens. Their are so many speculations, most of them are saying it will bounced back to $7k and some down to $4k. You can see some tehnical analysis and explanations why they are saying those things. Check the image and their analysis here. (https://www.google.com/amp/s/www.fxstreet.com/amp/cryptocurrencies/news/bitcoin-technical-analysis-btc-usd-in-danger-of-returning-to-7000-territory-201907021350)

http://i68.tinypic.com/281diyr.jpg

Well i think bitcoin is unstable and anytime it will rise or fall or pump and dump so there is no use of saying that it will going to drop when we all know that it is unpredictable and anytime it will rise. The best thing to do maybe is to wait for the best time to make an investment.

I think member here should always check market trends and try to analyze the market situation. As we can see right now the sudden drop of BTC to 9.7k from 11k could be a preparation for the next pump. It happened too last month when BTC suddenly drop below 8k the pumped to its highest at 13k since last December of 2017. Just a reminder that this is just my own analysis in the current price of BTC and it looks like it might be true at its price is now back to 11k at the time of writing.

It's normal that the price of bicoin sometimes increases sometimes decreases even better if you invest in it when its price drops and sell when the price rises for you to earn a great deal of money.

An interesting strategy. That is, you shouldn't hold Bitcoin, you need to constantly trade in order to make a profit. The main thing is to catch the desired trend.

don't panic my brother ... everything will be fine ... I think bitcoin is currently stable between $ 10-11k ... and I'm sure that the price of bitcoin will soar to $ 20K ... it's just that everything needs a process who is not fast ... be patient until the time comes ... and bitcoin will definitely pump at the end of this year ..

I also do not understand the behavior of Bitcoin now. someone manipulates its price very much. Now trading is very dangerous.

Just said the market trends are going to be difficult to understand. The market is ever growing and ever decreasing. Market needs to be corrected. If not, the trader will be frustrated. Some bits need to be corrected in price correction.

What he said was possible, but before dropping to that price I think altcoin must be pumped before the BTC drops

note this in case of next time. If volume of any asset is going down,  the price will also go down. Now bitcoin is correcting in my own opinion and will push up father after though that is a probability

I think bitcoin still unpredictable which is you don't know what it's next move by every new month comes. We notice bitcoin tremendeously increased month of june and now its started again to decreased that might possible to go down below $10k. But I think its just normal fluctuations and might possible will hit $15k this july because some crypto analysis said that once bitcoin will head $10k theres a possible that will go around $15k.

I think at this point, whoever is still new to how cryptocurrency operates and still has so much interest in investing in it or has already done that, should act wisely.
Under normal circumstance, if anyone saw how much the price plunged yesterday, he might have rushed into selling what he has, not knowing that it would bounce back.

In my opinion, the condition of BTC is currently experiencing a dump. because graphically in some markets a very significant price decline. Hopefully the BTC price will rise again.

the price will go up again, I think it's just a retracement and a little correction before the price starts pushing up again. Also it gives many a better opportunity to buy now before the price goes higher more than what it is now.

Right. I agree with you. when Bitcoin has decreased in price. then there are many other altcoins that have the potential for us to reap profits by buying as many altcoins as possible.

unfortunately the altcoin market with its shitshow has ruined it for everyone. now every newbie like OP that comes in this world and sees the altcoin pump and dumps thinks that is the only thing that can happen in the market and they start extrapolate it to bitcoin too. that is why we always see so many newbies losing money even with bitcoin and then panic buy when the price starts rising.

I still cannot ascertain what will be the next move of bitcoin, I also thought it would bounce from $13800 to $15k, but I am surprised that it declined that much, although I know that there will definitely be a correction which was expected to happen around $15k according to my analysis, but it happen earlier anyway, and I think this will be the highest correction I have ever see that took over $4000k off within few days.

Let us still hope that it is another correction, if not, then we might be heading down to the largest correction ever that people has speculated long time ago that we never paid attention to, although if bitcoin gets corrected back to that amount, there will really be so much investors it will get at that price, knowing fully well that there is chances of it getting back to the last high we have seen so far for this year.

Btc will not reach below the price of $6k again, because the market is on the bull market. Btc will pump again, because we’ve veen waiting for the uptrend since last year now that we have the chance to pump for sure bitcoin will grab that opportunity, and make a big uptrend again.

I hope the sentiment market will be good because the decresed price only depend on the user itself either it's whales or trader. But I don't think the price of bitcoin can easily be used as pump and dump scheme. The whole of the price movement only depend on the fundamental factor (its price moved up drastically) I rarely saw the price of bitcoin up drastically without any good information. Fundamentally I don't see it, there are still many information who preached cryptocurrencies is a good thing in the future and some countries decided to accept and regulate cryptocurrencies.

I think this is neither pump nor dump. I know many people were taught that if a coin price goes up really fast and goes down really fast that is usually pump and dump scheme but this is not some obscure altcoin that you can pump and dump, this is literally bitcoin with billions of dollars in volume so no one can afford that.

This were just a bull run that people participated because they trust bitcoin going up and it was also a correction from people who wanted to take their profit from this bull run or maybe finally get rid of the bags they were holding. So this wasn't exactly like the pump and dumps that we see on small altcoins, the results may look the same in both scenario but the actions that causes those results are totally different stuff from each other.

I think there is very less possibility to back bitcoin into 5K on coming days (at least within few days). I will not call it pump-dump exactly. This is just nature of crypto-currency and we all know about it. If there is unusual price up down then we called them pump dump. However, current price and growth of bitcoin is healthy enough in my opinion. But it doesn't mean that bitcoin will not move up ot down. Likely bitcoin will play between 10K to 13K for few days( it's just my opinion).

I think it will pump to 15k, i am speculate it because 5-6k trend i think already done. And maybe if whale is really exist, they must have finish to buy a lot of bitcoin in cheap price and then make next movement.

It's not like ordinary people playing. The growth was very significant, I would say that it was a collusion of major players who wanted to make some money on the market unrest. Something similar happened at the beginning of 2018, when the big players in America trying to influence the bitcoin price.

for some reason all the analysts are making forecasts and analysis very optimistic (of course that whenever prices increase a lot they always make forecasts of exaggerated prices) and that is worth reading and follow (obviously that should not serve as financial advice or you should not investing based on these forecasts, the analyzes they make can serve as a basis)

Bitcoin Price Breaches $12,000 As Analysts Suggest ‘Bear Trap’ Complete (https://cointelegraph.com/news/bitcoin-price-breaches-12-000-as-analysts-declare-bear-trap-complete)

Bitcoin Could See FOMO Fireworks For 4th of July: New Report (https://cointelegraph.com/news/bitcoin-could-see-fomo-fireworks-for-4th-of-july-new-report)

Its dumping but we should no go to level of $6k again, because its not good for the market. The pump I believe will start again on the middle part of 3rd quarter especially on the Month of August and September, maybe the ghost month will bring luck in the market this time and I hope to see the price of $15k later this year. The market goes up high within the previous month, and I believe it will repeat again this year so watch and take profit.

Harsh pull back in a generally rising market can occur, heres a super old chart I dug out from 2017 which was famously bullish year -

https://i.imgur.com/5dwa4IN.png

The chart at the time showed why I was generally looking to hold for far longer then just to Feb or so.   It was justified in the end though it was a hard sell off.   The chart right now for pricing now is quite similar but I expect at least 9000 perhaps lower

With big demands coming from new investors and businesses who also see the potential from this industry, we must anticipate that the market will grow more, this downfall might came from those who already thinks that the profits that they've take already enough for them  followed by weak holders, it must be analyzed and make some good movement in order to benefits with any situations inside bitcoin market.

There is no reason why bitcoin is now moving downward and I think the whales are now take profits and at the same time manipulating the market in other to buy cheap as it happen early this week. I think, generally, bitcoin is going up and until it get to around $20,000 we may not experience significant bear market. There is a possibility of bitcoin retest $10, 850 or $9800 again before the next pump as the buying strength has really reduce and very little panic will set in that will couse weak hand to sell.

That is going to be the next target for the whales because they will dump the price of Bitcoin and start accumulating more Bitcoin at that value, i hope next time we might easily cross the value of previous ATH because the bullish trend is kept increasing in the market.

I think You're right. People who bought bitcoin at the end of 2017, decided that now is the best time to return their money spent. And those who are smarter, not sold, and keeps your coins on)

I do not think this is correct or at least significant. People who bought bitcoin at +$15k were for most new users and big whales imo. Of course the whales made their profit once once the price rises leading it to crash hardly then come the chickens and sold their coins with loss to save as much money as possible.
So people who didn't sell their coins at that time are still waiting for the appropriate level to sell it even with a little profit margin, while big whales don't care at all whether the waves are high or low...they will always make profit at the end!

Profit-taking is always a part of trading and expect it to happen everytime the traders or investors achieved their target price. Pump and dump are one of the strategies of those big investors or the so called whales and often the victims of this kind ofstrategy are the smaller investors that merely want to have a small gains. At present, the price of bitcoin is still $11k range, if there is no dump coming in the weeks ahead, the price will try to enter $12k again and eventually $15k.

That's how the market works, traders will try to compensate and earned from each trades that they will take no matter what, the bad side, is whales are here and they are also working with much higher profits, small players indeed become the victims as while they are trying to get something fuds will show up and bring the hope down making them to react and panic to sell out with loses.

If bitcoin will not fall below $10,000 this year, we might see that price, and even more than that.
I predicted that bitcoin will certainly rise over $20,00, so $15,000 is pretty easy with the current trend which is bullish, this quarter, we might see $15,000, hopefully and with that, I'm sure some could cash out and just enjoy the profit especially if they both at dip which is at sub $3000.

I also have the same speculation, after this sideway, I also think Bitcoin will push towards $ 15k at the end of this quarter.  The reason for this will be the refreshed news about the ETF decision hype. And some analyst also stated that it is possible for Bitcoin to reach $21k at the end of this year which makes sense because of his price charts that almost hit the actual price of BTC during the end of June.  This was speculated by Trace Mayer
https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Ft2ttq6P.png&t=602&c=2C8CvUGNAUoyVw

Due to the shape of the bitcoin chart, and taking into account the phases of the market it has gone through, it is very likely that we are in a bullish trend, which is more likely to rise not only to $ 15k but to a possible $ 20k, if we take into account the philosophy of Wyckoff is likely that we are already by the "SOS" that gives input to the great bullish trend. Of course, due to volatility, everything is possible, but it is very difficult for the price to fall.

Yep, as I have said in other thread, perhaps we will see some accumulation again, and by October we will touch $15k. We are waiting for the Bakkt news, although it hasn't been official approved, but we have seen LedgerX and ErisX gets the nod from CFTC for their physical bitcoin future contracts offering.

And you think this approach to the question is correct? New people having no idea about the cryptocurrency market enter the 15K and give their money to rich uncles, is THIS the NORM??? I think the main problem is ignorance of new players. If this problem is removed, we will get a really stable bitcoin exchange rate.

I am excited to see what will happen to BTC price once these physically settled futures start operating.  There are some rumors that this will make the price of Bitcoin to go down for a certain reason but I do not think this kind of futures is like the CME and CBOE that is cash settled ( can sell unlimited Bitcoin ) since this settlement is not backed by  Bitcoin.  So the price going up on the later part of 2019 is very possible because ErisX will probably operating by that time, which means there will be an intitutional demand for Bitcoin and this will be huge for Bitcoin market.

As we all expecting to happen, this small pumped can create big interest to more people who also following the trend, it can be a good start for new
adoptions and investment from businesses as there's more people who's seeing the benefits and usage of this system.

Lets wait for further rise and keeps positive impression to build more trust from new investors.

I see this trend following the 2017 trend, where until the end of December the price could reach USD 20000. My prediction was triggered by the increasing confidence of many countries and large corporate companies that received crypto, both as a means of payment and as an investment.
There is even a tendency for large companies to implement a technology system that accompanies bitcoin, namely Blockchain, because it can increase efficiency which has an impact on increasing competitiveness. This obviously increases people's trust in bitcoin.

I believe that this current going down trend is just a temporary correction from a long jump in which from $3,800 it pump into $13,800 in just 2 months but still i believe that jumping to $15,000 in an instant again is difficult as the more the Bitcoin become expensive to purchase is the more the small time investors will be in difficult to purchase for an investment.

With the performance bitcoin showing us?i think there is no chance of getting back to that low,though just like night we dropped to $9,400 yet this is too far for that 5-6k$ within this pump,

We can see the $15,000 or even the $20,000 again in this year and may grow even higher before the last quarter arrive

I will always be positive in this year because I have seen the light from the total darkness of 2017 and when that year who tells us how cruel cryptocurrency if you are not ready and cannot have enough time to wait longer

The title is incorrect, same as the nonsense about ponzi schemes.  Bitcoin has a utility, maybe not so much to a millionaire but to a world of common people the little bits are all they have and if Bitcoin has a purpose for them it has a standing and demand at many prices that are not just speculation.

its really unpredictable so better just monitoring its price on CMC or coin market cap

I think it is not necessary anymore. Price fluctuations is very bold at this time, it changes its course every now and then. What we have to look for now isn't on the price but for a sustainable market and to prove that btc won't be dumb dead in the future. 

This year is a bull year,  btc is not dumping but rather the true bull run will start next month be sure to get btc at this price cause it will pump soon lilike theres no tomorrow.

i like your confidence mate but i will disagree when you say that btc did not dump  .  i dont know if you are updated on the price or you are just prentending to ignore those dumps that happen recently  .

and how did you know that the bull run will happen next month ?   btc did a bull last time but as usuall it didnt last a long time . now the correction strikes again but as soon as the correction is over it will be replaced by another bull trend  .

We still have bitcoin halving next year and i think the bullish trend will still continue until next year but after the halving we should expect that there would be a massive correction that will going to happen again. But as of now bitcoin is in a stable price of $10,900 since the last time it was headed below 10K.

I hope that bitcoin will increase at the end of this year like 2 years ago,

As we getting closer to 13k again, whales will get more ready to sell and drop the price again.
This is what I hate with Bitcoin blockchain. There are a lot of whales that hold huge amounts of bitcoin and they will always control the price and the movement trend of BTC.