Bitcoin Forum

Until the fall of decent growth of Bitcoin is unlikely to be expected. Therefore, over the next six weeks, it may slightly fall further in the price. Although approximately with the same probability, it may now fluctuate in the direction of a small increase, and tomorrow it will go to a slight decrease. I think that one should rely on a good increase in the price of Bitcoin in the last quarter of the year.

People who enjoyed the bullish trend need to take rest for a while if they are not ready to use the current fluctuating market.

I see the current price dump and bump perfect for traders if it goes off with slight increase in the price.

well, for those who hold back in the long run, it seems like now they have to rest first, because of the increase, and the decline in the price of bitcoin is so close. at present the price is back below $ 10000, and currently the price is so close to $ 9500. if the price returns to $ 10k today, then it would be really suitable for those who like short-term trading.

I am sure that it will again $10,000 in the next 48 hours unless the panic button on for those non stable investors.

Well I think I am going to not be making any sells for the next 3 weeks if not September. Made a huge offloading just around 10500 and before this dip. Bills paid off for annuals. Bills ahead of the month paid off... So I'd love for btc to take a further plunge below 9k as everyone seems to think it will.

That's when I get my next invoicing anyway. But why are we all worried eh? If this is the best bears can do...

Correct it will be hovering around to $10.000 for some weeks and after the summer I hope we see a big pump.

Good for you mate, I still have monthly due's that I need to settle so I don't know how will I budget without liquidating some of my stash.  ;D.

Anyways, the price seems to hover around ~$9700 today, so I speculate that it won't plunge lower than that. I'm expecting a good price around October so this kind of opportunity should be taken advantage by smart or even beginner investors, I mean the price is already at a discount, can bears pull it below $9000? I don't think so, at this point the support is still strong, despite the price going down 5 digits again.

Today it shines tomorrow it rains.   Its my take for the moment the bets are with the negative mostly but it could be a thing we raise above recent selling.   9830 is point to pass first.

https://i.imgur.com/kWvqwiG.png


Ok its very rough but anyway theres a few times a series of lower highs and we have made a lower lower now.    It says the selling isnt over, a bigger picture to be fixed and often market tests both directions.   Last test was lower then the previous test

https://i.imgur.com/prYMbWu.png

The possible chances were to reach $9000 as the market is very rough and looks completely bearish as there is very little growth taking place after every market fluctuation. If the market gets recovered reaching $10300 then we can expect the trend to change within the week providing with some gradual growth in the price.

I think we’re safe as definitely on course for the usual post halving parabolic rise. We can drop as low as $7,500 before we should start to worry. This is fine and totally normal, very reminiscent of 2014-15 after the big Gox crash.

Removing all the bs...  It's pretty obvious the recent pumps could be dcb's.  I really have no idea how this all is gonna pan out but let's see if 9k holds.  That could be it if it doesn't.  IMHO.

https://i.imgur.com/IinWDqO.jpg

Edit:  And no...  No 10,300 USD today.

$ 10300 is possible but what does the price mean to that level?
Many consider that the $ 10,000 point is the end of the low resistance levels at $ 8000 and the start of major volatility.
Historically, the price stabilizes at $ 9000 for long periods so I expect to remain at this level "9000 to 10500" with the possibility to get $ 11000 in the medium term.

I don't know if it will be today but that is a quite close number already. I mean surely people do consider bitcoin going up couple hundred bucks, that is quite common and constantly happens so you have a big chance of being right.

However, most people around here are not whales so bitcoin going to 10300 wouldn't make a huge difference in their lives, they are not brave and idiot enough to do leverage so in the end there is really no point for us to buy bitcoin now and sell at 10300 since it won't make us too much profit at the end. That is why we are talking about in tens of topics about how "bitcoin could go to 100k" or "bitcoin will be 1 million" etc because that is the only case we can really be rich and not even that rich just well off but not billionaire. So that type of small increase wouldn't make too much difference.

I actually don't forsee a move up to the 5 digits today but rather potentially more chop or downwards movement soon. We had an attempted breakout upwards a few hours ago that just got rejected on the 1H with price falling back down to the lower $9600s where we are now, so it still seems there's pretty significant selling pressure at the moment overhead. Would not be surprised if we keep slipping down towards $9000 and potentially have a double bottom at $9000 and a decent bounce from there.

Wait up for more down price i believe it will go even on 9k flat or below basing on my analysis but well we do differ on our ways.
For now buying on the current price as of writing which is 9600+ you can eventually set in but talking about 10k price once again we might
see it on weekend or on next week.Who knows?

Today is almost over. At least on Europe or GMT. And Bitcoin price doesn't seem to meet your expectations (and my wish).
However, OP, interesting list of reasons for this price target. (/sarcasm)

I know this is the speculation board but could you at least provide an explanation for your prediction so that you could at least look like you are analyzing and not hyping Bitcoin. 10,300$ for today might not be possible but I still remain bullish with Bitcoin. On its daily chart he RSI for it shows that there is a hidden bullish divergence happening as well as the MACD, it may not be enough for it to go up 10,000$ today but in a midterm perspective its still a go signal that this isn't the end for Bitcoin's bull run.

looks super unlikely now with the daily close 4 hours away. all i see is weak bounces interchanging with dumps. as long as we continue these lower highs and lower lows, there's no reason to get bullish yet. i think we're on track for a retest of $9k and possibly lower.

This "drip drip" price action is definitely indicative of dead cat bounces. No bounce is ever strong enough to retake past local highs. So there's no pressure to squeeze sellers and shorters to buy back.

$9K could be the bottom in a double-bottom scenario. Something tells me we'll get a fat wick into the $8,000s though. That's where my stink bids are for now.

The price is falling slowly which leads me to think that we will see the price of $7000 again soon or in the worst case scenario we may see the price of $6000. Knowing that people buy a lot because they hear some good news and in the present scenario there is nothing good news, so I expect to see the price drop to $7000 or $6000


I wouldn't be so sure about that, being very optimistic right now can lead to the mistake

Seems price is trying but so far constrained by some quite simple boundaries.  None of these 4hr bars has established the price outside of its current box.

https://i.imgur.com/ZIUwm7A.png

Its way off the 8 day price, its not acting positively even when trying to step off the bottom prices.   Best we can say is its stabilising in this area and perhaps will later make a better attempt to rise.   So far I think its weak and unable to get a footgrip to climb back up.  
   I would still bet downwards but really I need to be looking more at the longer term picture.

It officially ended here as well, but sadly no bounce back to five digits, but I'm not surprised though, many have shared their analysis and it's pretty obvious that support is weak, probably $9800 will be touch but that's just about it.

To the OP, don't be dis hearten if your prediction is a missed. We can bounce back that's for sure but not today or at least the graph doesn't point to a positive upward trend.

one step at a time! we spent a whole month (during may and june) trading between $7500-$9000. there should be lots of buyers in that zone who are waiting to buy back or close shorts.

longer term, maybe $6k or $7k is possible (unlikely IMO) but first we need see how bulls react to the $7500-$9000 area. chances are, we'll find a medium term bottom there because it was the last consolidation area before the $13.8k top.

if we hit the $8000s i'm gonna start catching knives. ;)

It can go back to that level but not today, maybe before the end of July. What certain right now is to keep buying the cheap price of bitcoin, i still see it can rise again. Before the end of the year $15K will be the price, halving is getting near remember that.

This a good indications for possible bounce back to occur at any moment of today. Despite of many factors that hinders growth, bitcoin still capable of great price that could be achieved further.

According to forum time, you make this post yesterday, bitcoin find it very difficult to go above $9800 it was around 5 am this morning that bitcoin was able to cross $10,000 and it is still halving around $10,100. Maybe during New York trading section today we would see bitcoin above $10300 as two of cryptocurrency experts has been nominated into cryptocurrency regulatory task force and many experts are seeing this as good news.

Bitcoin is right now back at 10k but it seems it's very difficult to hold on to it. All the buyers are buying now because it's such a great price, but I'm not sure where the sellers got their entry from because they're keeping very good pace too. Strange to see this kind of momentum now or lack of it but I guess this is the timing needed for a long bull run later.

Is touches briefly $10.3 if I'm not mistaken and then when I take a nap and then went back the price is below $10k again. Anyways, it will be a long and crazy ride, this kind of volatility tells us that their are sellers right now that is not confidence of the price movement. But it doesn't makes any sense if they able to enter @$8k-@9k. So let's see how it pans out, but I'm not that confident that we can even sustain $10k at this point.

10000 as nominal support is not enough.    I never have confidence in round numbers to mean much past the initial first contact and market will always double check strength to test before moving far.  It takes support which is an echo of previous price action to make a difference.   10k has some volume just because its a well known point but it never seems enough by itself.   I think this is a slippery point we hang from rather then stand firm on.

this prediction almost happened, except that the increase did not reach $ 10300, and before reaching it, the decline returned. well, maybe today the price will recover and the price can reach that. I think, the recovery of the price of bitcoin has not been completed, and of course the price can be higher than that this year.

We still got 5 months before the year ends and a bull run can happen with just two months or so. We can expect another little bull run like last month inside those five remaining months of 2019 before it already zoomed on the year end. Price are getting lowet and i suspect its like an arrow who are just pulling back to go further.

You a bit short mate,because the price drops below that point and fall to $9,600

And until now it’s very tight that it cannot grow back to even 10,500$ so I guess we will stay in this low market value for a while before the great bull returns and brings us to the dream we all waited for to cross the $20,000 and make. New record

it's too late if you say to hold, when the price down from $12k you should have started selling it. the price will definitely come back below $10k but it won't fall too much, maybe it will only be around $9k, of course this is preparation for pumping back, I'm sure there will be many investors who will take advantage of this moment to dump and buy, and be prepared to next pump

What's the rush when we still have 5 more months to expect of Bitcoin rising maybe it will hit $20K this year then the new ATH will happen next year. A price like this could be the best to invest for the upcoming bull run maybe this year or next year, who knows? Halving of Bitcoin is just way too far away to be worried about just focus on what you gotta do today with this kind of price.

It didn't reach the 10.3k this time but it will do in the near future. Maybe next week already.

It did hit back yesterday on $10,300 like it was assumed. I mean this was just too simple of a guess to not come true, I could easily say it will go under 10k soon and I will be right too. What is the point of making these quite observable easy guesses when its not gonna matter in the end?

Like I said it will also go down under 10k as well and I can guarantee you %100 that I will be right, there is no scenario where the price of bitcoin will never go under 10k ever again and just go up from here and never return back. But, I am not doing anything about it right now, what could I gain from selling here and buying back 100 dollars later, even if I had 1 bitcoin that would be 100 dollar advantage and most of us do not have that much, I certainly don't so its gonna be less than 100 dollar advantage. Makes no sense to me.

Looks like OP is looking for an opportunity to make an entry.

Below $10,000 price level can be considered. However, if people want to wait for more dip to maximize the opportunity of buying cheap, they can consider the next support which is around $9,000.

Although no one knows when will the price pullback at that level again, better not to take chances but instead focus on accumulation no matter the entry price is*. We might not see again a below $10,000 again as far as the current progress in bitcoin is a concern.

there is no doubt that the price of bitcoin is so close to that price. for today, I think the price of bitcoin really can reach that price. that's only less than $ 300. well, for now, the increase takes time, but at the end of the year, I think the price of bitcoin can be higher than this prediction.

I am sure that the price of bitcoin will increase and even it will reach more than $10,300. But we don't know when the price can reach those price because of bitcoin price still up and down right now. It seems the price of bitcoin wants to get down for a while, so in the next week, the bitcoin price can start to go to the higher price. And if in this day and tomorrow, bitcoin price can down then we can buy more bitcoin and hold it for a while.

Bitcoin prices have been fluctuating a lot these days first it managed to stay range bound between $9700 to $9900, and then it briefly broke the $10k mark yesterday and today again it’s down to $9490. I feel Bitcoin prices may end up below $9500 for the month of July, and hopefully we will be able to see more pumps in the month of August. Is there any specific news which is causing the dump, as I thought the market had recovered from Trumps comments.

Most probably we will end this month in a bad note. However, if we get around the $9k-$9500 at the end of the month, I will take that price. I don't think the Trump statement has taken it's toll on the market. As we all know that the price won't go on a parabolic rise, and this could be just another test for all of us. August-October will be a big test, if we can gain momentum to even test $15k at least.

I doubt that this year's price action was enough to never see sub $10,000 prices again. People need to take into consideration how hard the price has gone up in such a short period of time. Bitcoin broke through resistance levels easily and didn't build up much support zones on the way up. The sole reason we're flipping back and forth below/above the $10,000 level is because of its psychological importance.

Once people accept that $10,000 is not an absolute barrier and we head down further, the price decline will very likely accelerate due to people selling to safe their profits or just because they are in panic.

I would love to see bitcoin bounce to that price again, because many of us waited for reoccurring scenario to be overcome. Many times it failed so many people and now it may bring hope for them to have confidence to continue with cryptocurrency.

i think bitcoin will slowly go down in the 8.500$ area, there is a good support in my opinion to make a good bounce back. even a new yearly high is possible i think. lets see if it plays out :)

I equally see that there is strong support around $8,500 or there about if only it will decline to such extent in your prediction which I see to be unlikely to happen in the coming weeks.

Don't think of today, maybe tommorow or the other days bitcoin will be moving back to $10300 or much higher price. As of the moment upon checking my blockfolio the price was still stable at $9500 and changes slightly into small fluctuations. We're now waiting for better outcome to when this current struggles will be put to an end, because this is taking too long to wait and am not certain to when my patience could sustain.