Bitcoin Forum

Hope your vision is correct and bitcoin will start growing again soon  ::)

The representation is very well explained, I couldn't agree more to that since chart showed very extinsive market changes. It visualized the true market capability which I think for reasons that all traders who been long term holders grabbed those spiking price, yet dumped it quickly without thinking for another waits. Furthermore, I couldn't state what's next to happen so I need to monitor closely.

Question though, why do we need to buy at $10k? When we can buy at the current price of $9500-$9600 and then take profit at $10k++? I'm seeing a bullish sentiments, as we have hit a "golden-cross" again, just saying.

Because the chart and trade are actually from ~ July 19th. The OP is just re-posting the trade, which according to the parameters is still active......and in the red.

If we break above the last daily high ~ $10,250 then I'm ready to turn mid term bullish again. That would constitute a strong rejection of further downside. Until then, I'm still waiting this out and not going long. We haven't shown reversal signs on any time frames higher than the hourly.

We can't  do anything if we believe on the whales capacity to bring this price down, but what's next? of course the price might go further or rise, they can do that but they will not let this market die and I believe they will end this market a good year for 2019.

But when they dump, that's what we do here and we can sell successfully in short period of time.
Play like how the whales are playing and we will also enjoy.

You correctly noticed. Most likely this is not a reversal of the market on a bearish trend, but only a correction wave, as a stage of a bullish trend. In any case, such waves are a natural phenomenon in the market, they are the result of strong growth that was before them.

 We are also keeping a close eye on the movement and we hope it continues the upward trend.

The Bitcoin chart is looking a negative now. We may be seeing a newly formed downwards trend.

 Great catch, but what I am seeing now is even more downwards momentum.

There will definitely always be corrections, but now it looks like we have a downward trend forming.

Yes that is right.
It looks like you are getting some good predictions here and you almost hit the right numbers.

But for me, it looks like another normal fluctuation that will happen again for a month or maybe a couple. Just like it did the last time. Something like a rest point then back to another bull run being joined by another correction afterwards. Correction or we could say, taking profits.  ;D

Damn,
It's not the right thing what did you mention here. Bitcoin is not decreasing I think this is the real scenario of this track, Ups and downs are the main trendy of this one. Well, now the price is falling down so you see this scene is the last stage of this one but when the price goes up then what do you say about this situation.
I do believe that Bitcoin is the largest platform in the crypto world so it might go so long. Otherwise, the Crypto world will face a huge lack of trust. that's why Bitcoin will alive for a long time.

Well, this time I really see the trend to go back down since July 28, the picture of bitcoin chart on the RSI and STO indicators is overbought which means that this can be a continuation trend to go down. This time I am still monitoring and not buying bitcoin, I waited until the support area of $9200 to buy in stages.

https://i.imgur.com/aVBY027.jpg

bitcoin had fallen to 3200 this winter and now we are at around 9500 after it has gone from around 13500 I would say that it now consolidates on the 10,000 or drops to 7000 and will remain there for a few months, this is just my opinion clearly

Many people especially the fundamental traders will not understand the principle behind Eliot waves theory, the Fibonacci level and pivot point and as such any pull back is always be taking as trend reversal. I have been in trading of liquid assets for more than ten years and when I see people talking about trend reversal in the face of the little move, I always see them as an ill inform traders or investors and it is because of the fear that the whales are make good money. I think we are still strongly in a bullish trend and this bullish trend is going to last till the end of next year.

Many people already have a Take profit target at 15k.
This is the reason why Bitcoin will struggle for much time to overtake this level and reach a new all time high. We noticed that before and we are going to notice the same movement many times in the future.

 It is good level to take profit, and it seems like this has happened on this last bull run. On the next bull run, I will analyze this again and see if it can break through 15k.

BTC is still up 154% YTD so it has been bullish the whole year overall. But since July 10, we have been seeing a steady downwards trend recording lower lows, and lower highs.

It looks to be consolidating around the 10k range. If it drops below the $9,200 resistance range, I can see it going towards 7k definitely.

Good catch. I can see it going down to that level, but right now it has some momentum. Lets see if it can break above the 10k mark. That would be a great indication of good things to come.

 I agree that Bitcoin will be around for a long time. It's the currency made by the people, for the people. This may be a small hiccup in the bigger picture.

 I like the optimism, because I'm patiently waiting for another bull run. It is way more fun to analyze trends going up!

Funny thing is, we haven't break the $10k price barrier for what? a week already. I thought that the golden cross is good thing. Anyways, this is TA and it's not a guarantee, so let's see how it goes. I'll just continue to hold then, not going to take short profit this time.

But the improvement is easily visible for everyone when we think that Bitcoin value is not going well it suddenly rise up and impress our investment so that we do not say Bitcoin is always going down only it sometimes it is getting better for the traders to get better profits for their certain investment and I think the future will made the development to be increased.

It looks like Bitcoin is turning its head to bounce back and rise again. We are started to move high since yesterday...its have to look in a zigzag line and it tried to gain some more resistance before then. Have this trend will continue for the next couple of months and to finally see the bull run this year.

We did actually able to hit up 10k mark atm but it didn't wen through a few hundreds more but stabilize its price into that range playing with sub 10k price.
About that golden cross it didn't make any hype to try to drive the price up but lets see on what would happen on next weeks to come in crypto market.

We finally crossed the $10,000 price point yesterday, and there is a short term trend forming up. The RSI is recording higher lows, but at the moment it is still in the oversold range. This could either be a normal fluctuation, or signs of good things to come. If the volume increases and we hit the 12k mark, we may be in for a nice bullrun.

It is starting to consolidate at 10k and the RSI is recording higher lows, so this may be the momentum we need to push past 10k to 12k. But the volume needs to increase in order for this to happen.

The future definitely looks bright with Bitcoin, and I can see it hitting 12k in the nearest future, but there a couple resistance layers we have to break through first.

 We are definitely seeing some resistance at 10k. It seems to be a nice round number for shorts. Once we break that, next is 11k. But the momentum is building up and we may see a rise soon.

 It seems like the price is starting to consolidate at 10k, and if we could get more volume we could definitely be off to the next resistance at 11k.

There is strong resistance at 10k. It seems like a nice round number to short. If we can't break through this 10k barrier, then I can see the price going down to the mid 8 thousands.

There is a lot of resistance at 10k and a lot of sell offs at that price point are occurring.  If we could pass that resistance point, we will be in good shape towards 12k.

price increase is always expected from time to time and as such we should expect also a retracement from time to time. The currently happening of uncertainty in the market is what I tag as corrections and we have to see this as the temporary bearish trend that is going to reverse very soon.

The overall recent trend looks bearish, but as you can probably see, the price is starting to consolidate around the 10k area. With the low volatility, we can't expect much of a dramatic jump in either direction now. Let's see if it breaks the 10k resistance that it has been testing the last week. If it gets up to $10,200, we can expect the volatility to increase and maybe a jump to the next resistance level of ~$10,600.

It has hovered around that price for too long and I think this would be the last time it will make correction around that, I would not want to call it consolidation etc, because if it was consolidation, most altcoins ought to have started increasing by now, so I am still sure that it is still In its corrective state, once the correction is over now, I believe that we will be heading for more surge in price, probably it will further break more barriers as against the 7k you see it heading to.

I quite doubt if we will see that 7k for now till when the market has fully reached another new ATH, maybe when people start to sell off their investment, then it will be possible for us to see that 7k value again, but right now, I just want to be optimistic that we are heading for another great value.

In my view, bitcoin is not declining but gaining more power to break the resistances around $13,800 levels. We cannot expect any market to keep on rising up or falling down and this is what exactly happening since the bulls were back into the business. Already investors got back their faith on bitcoins investments hence we may expect another rally of bulls which may last up to $17,900 levels in this August.

Some governments are on verge of regulating cryptos and when that would be just a regulation rather than banning, I guess we may witness another big leap in crypto markets which might be led by bitcoin prices.

Don't worry after weeks of declining bitcoin price falling into 9k$ now bitcoin moving again their price value at 10k$ while I am typing this comment. So meaning bitcoin is very high volatile difficult to predict when the proce goes down and up so eventually we need to monitor well the moving of bitcoin to avoid nervous amd always be calm emotions to avoid panic.






Great explanation and you an positive thinking and strong believer about bitcoin and your are correct that have an period of grow and falll so patience patience the bullrun is coming soon.

By the time you posted this topic, Bitcoin is at $9,438.72 and today Bitcoin is at $10,400. That's a price difference of 10% already. Usually when its weekends the price of Bitcoin tends to go down but at current price, it might not go below $9,500 again till Monday or Tuesday so if you bought at $9,500 last July 28, your profits is still safe I think.
 

Good point about the consolidation, but as we seen in the past with the Altcoins, they tend to mimic the movement of Bitcoin. At the moment there is the RSI is showing a ton of momentum in Bitcoins favor. It is recording higher lows on the RSI, but the volume is still at a lul. If Bitcoin can break $10,600 I can see it increasing the volatility and going back up to $12,000 in the short term. But if it can't break through this resistance on the low volume, then it looks like may come back down to the $9,000 support level.

The great news coming in about Bitcoin will definitely affect the price, but the volume just doesn't seem to be there. It is struggling right now to break the resistance levels as we can see.

 I am very bullish on Bitcoin, and I can see it going back up to the 20k mark, but over the short term it is not looking too attractive.

I agree, those are some really good gains. Bitcoin has some good momentum now with the RSI recording higher lows, and the fast EMA(200) on the 4h currently moving under the price. The volume is just not there though. Hopefully some volume can back this moment and we could really be going places.

Patience is the key. I am very bullish on the long term outlook of Bitcoin.

You don't need to increase the font size. Increasing the font size won't give you merits or do you any good if that's what you are hoping. In fact it's more like a disturbance to the eyes.

Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.
Dropping the price will just create a FUD in the market and people will start to panic. I believe bitcoin has far more reasons to increase in price than going downwards.

You're right about the price increase. It is headed steadily up. I am expecting a bit of a pullback into the $11,000 range, and then it will increase again. It is well overbought right now and there was a strong rejection at $11,900. But the overall long term trend looks very nice. Up up and away!

Currently Bitcoin is still the only coin to get the best stability during the past time. The value of Bitcoin changes every second and every person's investment decision can determine the price of Bitcoin in this market. I think with the recent large price increase this market is ready for new development and I believe Bitcoin and all altcoin will soon increase prices together during this time period.

But wait, I see the movement of Bitcoin is reaching the resistance line. But from the chart below bitcoin will bounce back down. So, be wary of making decisions in the next few days if you are a day trader. Well this is not advice for anyone, but I only give consideration of my analysis, the rest of the decision is in your hands and hopefully this is useful.

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

Many people sell their coins, that's why we experienced bitcoin price declined most of the time. Every spike of btc price, the price go down immediately and it's not within our control now. The whales always remained dominant on this market nowadays, and expecting the next waves cannot be predicted accurately. We can't give further analysis for this time, but for sure after the dip price another bounces will occur once rising price attracts more buyers.

Based on your analysis, I can say that this is a very reasonable analysis for this market because it is certain that the value of Bitcoin will fall to a minimum of $8,000 in the coming time and will take long time to be able to return to the price of $10,000. Currently the value of Bitcoin is still very high compared to reality and I believe that holding stablecoin is the top priority option in this period because it is likely that the bear market will soon return.

Because of this things, many will sell their coins now, if they believe in the illustration stated at the above. If it is going to go down at 8k$,
Though the price according to coinmarketcap was 11, 904$, perhaps it will take a long time before it recover again. But wait lets not forget that market is still unpredictable.

bitcoin is declining I think that's a normal cycle, we can't predict bitcoin in the future. can bitcoin experience price increases and price declines. so I think now the effect of rising or falling prices depends on the cycle in the market

The next thing you can do is be careful from where the market move as we don't know what will happen later. But if you can make a solution from now on related to the situation, I think you don't need to panic if the market is increases or decreases. You can use one strategy that will be useful if the price increase. And you can also use the other strategy that will help you to prevent the big loss if the price decreased. So you could still move following the market, and you might get a chance to make a profit if the price increase later.

Great point. Especially with this trade war looming, it is a great time for Bitcoin to shine. It seems that investors are using Bitcoin as a safe-haven asset. Any news is good news for Bitcoin it seems.

Bitcoin is definitely not dead. Since this trade war, Bitcoin has gained the most due to investors using Bitcoin as a safe-haven asset. I do believe Bitcoin is the future. Patience is the key though.

That resistance level does look strong. If Bitcoin can continue to break past 12k and hover around 14k, I wouldn't worry too much about this trend you listed. But great catch!

We can’t stop people from selling their coin, we can only control our own investment and then adjust ourselves to their attitude, I know that it can be annoying, especially when traders that are doing shortenings are forcing the market down every time that it tries to break further barriers.

While we have our long term investment fund already in the market, if we really want to not feel this, we just have to spate some funds to be using to trade also, trading in the sense that once those people forces the market down, we buy at the dip and then sell when the price is a bit high, if we practice this severally, we would not so much feel the waiting time for our long term investment fund to mature when the price of bitcoin eventually reaches the all time high.

I think there are times it declines and there are times it increases so it is still important to ask why it declined even if it went up. I mean when it was declining we were all speculating and when it went up we are like "well it is not declining, it went up", of course it did but why did it went down in the first place.

You all do realize that when bitcoin is bought and went up if the people who sold all their coins and dropped the price didn't do that we would have been higher right now? I mean when it was 13k and people sold the price went down and it rarely ever went back there, if people didn't sold at that time all these buys since that time would have put on top of it and we would have been over 20k right now. It is a sad reality that sellers are causing us all these problems.

 It's totally true that the whales can change the price in a heart beat, but there are some noticeable trends that have occurred. Check this one out about a consolidation leading into a symmetrical triangle:
https://www.tradingview.com/chart/BTCUSD/4B6tnd8v-BITCOIN-Getting-ready-to-break-in-either-direction/
And this one about potentially a new trend forming:
https://www.tradingview.com/chart/BTCUSD/swA4hY5o-BITCOIN-New-Upward-Trend-Forming-Could-We-Hit-12-000-Again/

 A drop to 8,000 is definitely reasonable. As shown here, we are recording lower highs and this could be a sign of things to come.

The market is definitely unpredictable, but there are strong support lines that Bitcoin has to pass first before making its way down to 8,000.

We can't predict the future of course, it is recording lower highs as shown here and it could be a sign of things to come.
https://www.tradingview.com/chart/BTCUSD/dZU6KKRE-Bitcoin-Can-t-Break-Resistance-So-Headed-to-Support/

Going with the flow of the market is definitely the right way to go. Bitcoin can be very unpredictable at times, but if it breaks the 12k mark, then we can see clear skies ahead.

That's totally true, that is why it is a great strategy to identify support and resistance lines. These can help you understand when there might be a sell off. Here is a TradingView idea I published that identified a bunch of resistance lines:
https://www.tradingview.com/chart/BTCUSD/Ur1qmQ4Z-RESISTANCE-Trading-strategy-on-resistance-and-support/

what do you think will be the next move after the uptrend. from my own little observation, it looks like we will continue the uptrend towards 13k price mark before another retrenchment to 10k. i doubt if the price will go below 9k this year again.
i will love to see altcoins move in the same direction as bitcoin please.

Since we had once tested the value of $13800, I am sure that there might be a retest of it very soon if there can be a broken barrier of $12k, bitcoin will still try and target that, maybe even get to $14k before retracing back to $10k, but all still a perfect bet even if bitcoin goes back to $10k now, I have some coins that has been sold already at $12k, I would just have a better chance of buying cheaper then at $10k which would give me more coin than what I am holding right now.

Every direction bitcoin goes will always be favorable if you really know how to shocking every side of the market, if bitcoin increases further now, it favors some of us, if it decreases, it still in a very big favor of us. Altcoins, I don’t really know what is going on with those ones.

I think this week, bitcoin was down again, but no one will know until how much the price will go down. We cannot predict how long this situation will be, but we can prevent from the down by selling some of bitcoin to buy again at a low price. I think we already make a profit in the last few weeks so we can prepare to buy the next bottom of the price. The trend still on the down and it looks like the trend will be like that for this day unless there is a massive buy from trader so the price can be lifted for a while.

all these charts looks so complicated >:(

One possible reason why Bitcoin price is declining is because of the Chinese ghost month  which will last until end of this month. Asians who follow this tradition stay away from investing in new business ventures or try to buy anything. While other says there's not much affect, Chinse community still is a factor to consider in the sudden drop of BTC price.

This kind of tradition from the chinese maybe we will see the effect in stock market, but not much in crypto.
Based on https://fitzvillafuerte.com/happens-stock-market-ghost-month.html , the ghost month in 2018 was from "August 11 to September 9" and I checked on the btc price last year here https://coinmarketcap.com/currencies/bitcoin/ and there no consistent drop of BTC price.

From Aug 11 2018, BTC price at $6151, increase to 7380 on Sept 5 and in the end of the period, btc price at $6200 (approximate price only)

That uptrend seems to be over. The price collapsed back to the support of about $9,500 and it looks like we may be crawling back up right now. If it goes below $9,000 though, we may be in trouble. Goldman Sachs is bullish on Bitcoin, but even their analysts said that if it drops below the $9,000 mark, then Bitcoin is in trouble.

 Bitcoin was getting rejected hard around $12,000 and now it dropped. It looks like it has some good support at $9,500 now and we may see an upward trend soonish.

It looks like it has some good support at $9,500 but if it goes below $9,000 we may be in trouble. Personally I got in at sub $9,000 and got out at $10,300 as it had met some tough resistance at $10,400. The chart looks good now and we may see an upward trend forming.

They seem complicated at first, but once you get into TA it will open up a whole new world for you. I recommend you check out "investopedia" to brush up on the charts.

I think what will happen next is the dominance will fall for bitcoin because all money went in there and people are slowly realizing there is not much money can be made from bitcoin so they gonna move that to either usdt which will drop the price (happening as of right now) and then there will be some that will move their money to altcoins which will make the real difference because then we will have altcoins going up a ton and that is where the real money comes in.

Even 1% of bitcoin moving to some coin would make it go insanely high and earn you easily x2-x3 of your investment. That is what people forgot, it takes a lot to move bitcoin but as soon as that money starts to pour into other altcoins it will be super easy to move that money and then people will use that money to fuel more bitcoin and it will repeat itself until its unsustainable.

Nice analogy and explanation, hope bitcoin keep increasing now. Meanwhile I am focusing on buying ripple with bitcoin (https://coinswitch.co/coins/ripple/ripple-to-bitcoin). Ripple is currently at dirt cheap price, amongst the top 10 coins that I keep buying and selling, ripple and bnb are my top most choices.

 I don’t think that is the case because Bitcoin is starting to be recognized by more financial institutions and even today it was announced that the NYSEs parent company “International Exchange” will start allowing futures contracts to be paid in Bitcoin. And the news from New Zealand stating that they will now allow employers to pay their employees with Bitcoin if they wanted is also great news. It just goes to show that Bitcoin is probably here to stay, but it has to decrease it’s volatility in order for it to be widely accepted.

Sure XRP is cheap, but it hasn’t really proven itself. It also broke past its key support recently and is now struggling to get over .30. The only good news about Ripple at the moment is that it has partnered up with MoneyGram recently. Unless I see more evidence of it increasing, I remain skeptical.

I think that the struggle is not about the coin itself but altcoins as a total.
Neither altcoin can reach far in price, they all struggle in levels that were far below their tops. Ripple does good deals, but if altcoins won't grow in price no one of them is going to hit a high level by its own.

The OP is almost one month back.
Till that a lot of things has happened.
Bitcoin keeps on fluctuating.
So the reason for BTC declining is low market cap or trading volume.
So in order to withstand it, or in simple words when BTC will rise? The answer is when the trading volume will be more.
Hope this helps.

What next? The answer will be either going down or up, nothing to be assured. Even we saw the declining market isn't the thing we should put worries on it and thinking for negative instead, we should be positive towards the market as not all the time it will be like this.
Investors and traders are the tools to make help the market increase its volume and also the demand. Hope they're still in and making some investment though.

The old question will be always actual, BTC price is visiting the resistance and support level in a week. For example, in the spot forex market, there is no reason to trade the resistance level of the 1-month-old price. The price barely touches the old resistance(support) levels unless the big news forces the market participants to trade those levels. I can keep counting the reasoning but each market has different stop hunting techniques, OP should protect his trades in such cases.

You're right cause tomorrow is not promised and no crypto price analysis can provide accurate result but with a lot o different method been used by experienced Technical analysis and the bakkt bitcoin futures/warehouse which was said to be debut next month. There's possible chance that the price of bitcoin market will experience more surge in price than dump from September.

I think we need to be prepared if the price is down again, we can get another solution to prevent the losses. The market still unpredictable until now and it is difficult to know where the price wants to go, but with preparation, we don't have to worry if somehow the price moves to the other way that we don't predict. We could still take the benefits from the price direction and if the price increase, we could also make another benefit by selling bitcoin at a high price.

Next is an increase because every time there is a large decrease at least there will be an increase in height even though it takes time to be more patient. Currently the market has improved even though prices have not fully increased because it is still stagnant in the same range from the previous day which proves the market still needs time to get a bull run.

My eyes! My eyes!
What's with the huge font bud ? You can keep the default font size of 10pt as it is soothing to eyes and easily readable.

As for the speculation, I think that the selling price is a bit too high considering the ATH of this year to be about $13000.
There is a barrier at $13k and only if BTC crosses that mark, it will reach the $15k target. So according to me the profit takeout target should be around $12.5k.

These are just foreseen fluctuations. Although the hashrate on the network has reached a historic high, which is a signal that BTC will go up soon, this does not help the reference cryptocurrency. The level of $ 11,000 became an insurmountable resistance.

Recently, both bulls and bears have become more modest in their requests: both of these "crypto animals" have enough range of about a thousand dollars to initiate reverse dynamics.

If they set their profit at $12.5k, and at that point is when the increase successfully breaks the barrier of $13k, would they not have missed out already after their trade must have been executed at $12.5 and you know the thing with bitcoin bull run, before they make decision to quickly join the moving train, the price may have reached almost $15k and the peak at that again for possible corrections, which means they will find themselves stocked on again for a very long time after they must have joined the train at that $15k thinking it would continue to surge higher.

The point of what I am saying is that it is better to just be patient to see the end of the final peak than pulling put often and trying to get back into the market except for day traders and they need to

 I am still bullish on Bitcoin but right now is a bit of a lul. We should start seeing some movement closer to the halving and also when the Bitcoin “futures” will be released.

I totally agree. Beyond Bitcoin, a lot of the cryptos are just tradable currencies with nothing backing them or supporting them. If they don’t increase there fundamentals, it would be hard to say if they will be relevant in the future.

 Trading volumes play a huge role and of course the news plays an even bigger role. When the Bitcoin “futures” will be available, we should see some heavy movement in the price. Also, the halving will be coming soonish.

Good thought, but there are always people betting against the market to make a quick buck. The shorts are getting the better of Bitcoin at the moment

 Of course analysis can only go so far, but I do think this Bitcoin “futures” situation will be something to keep an eye on. There will either be a pump or a huge drop.

It is always good to have a plan about your Bitcoin investments, but if you feel that way, then placing intraday trades may be better for you if you are skeptical on Bitcoin reaching 20k +.

 It is always a good strategy to average down if the price keeps dropping. I am still remaining bullish on Bitcoin, and I think it has a lot of potential. I am staying bullish on the long term. (edited)

 Good point on the take profit at 12.5K. There is a lot of resistance at 13K, so it is a good idea to take profit before it hits it, but with the way the trend is going, if it reaches past 12K again in the near future, I think it will explode towards 15K.

Currently the bitcoin market is bearish and we do not know how long this could continue, it is wise to get out of the market at this point and hedge in usdt or any other reliable fiat. I hate to trade at such conditions, we may get as low as $7500 at this trend

No, we will likely to see over $10K again, my observation says that when bitcoin drop below $10K, it did not continue to drop, instead, it's going back to $10K again. More likely what we are witnessing now is not a bearish movement but just a normal price fluctuation between that range.

Current price of BTC now is down to $9700, but I know this would not take long and we will come back to $10K again, that's based on the previous trends this month, so hopefully when it come back again, it will come back strong and will once again trade at around $12K-$13K.

All we can do now is just hope the recovery of bitcoin will continue and will give us a good price by the end of the year.

Am also bullish on bitcoin, no matter the current market price now. To tell the truth I see it hitting a fresh All Time High this year. Am optimistic about this and having check predictions from experts, I believe this to be true.

Bitcoin so far was declined again, probably there are some whaler put a huge amount to sell their Bitcoin where it leads the price went down so much. However, it is a good timing for us to buy em again then hold in a long term for us to gain in the future when price goes up again in the market as well.

 :D bitcoin now 9588$ i think it may crash more !

Currently bitcoin is dumping very strong and at risk of going back to $ 9k today or tomorrow.
Do you think I should DCA? I always believe in the future of Bitcoin but I still have not determined the right purchase price. Can you help me on this? thanks very much

The market value now of bitcoin has really been stagnant on this price for a while now, and I am sure that if we break $12k barrier now, $12.5k can never be the limit, I am very certain of that, I believe that from that $12k now, we will surely cross that $15k, just tat we may not really stay there for too long because f the bears we still have in the market and some investor that has a profit goal setting and has already set their goal on $15k,these people will want to dump their investment, making the price to crash back to low.

I just believe that before the year fully runs out, we should be able to see the value of bitcoin get that high before making for some further corrections that will take us over to the next year. As the rice as then declined now, the very best is to accumulate now.

Despite the fact that the Bitcoin price has broken down through the support at $10,000 and is moving downwards, the technical outlook for Bitcoin seems to be quite positive and there is a good opportunity to buy for short-term traders.
The more significant support is located at $9,000 and is not broken yet. There is no basis yet to conclude the the market will continue to decline.
The potential for a short-term upside retracement remains high, and there is an opportunity now to enter long with a tight stop-loss at $9,000 and a take-profit at $11,000 - the next significant resistance. In this deal, the risk/reward ratio is very attractive - 1:4.

Absolutely agree. Both the analysis of technical indicators and the fundamental outlook indicate a buy signal for Bitcoin.
In particular, the Bollinger Bands Indicator is moving sideways, and the price is floating near the lower bound. This indicates the probability of a short-term price appreciation for Bitcoin is much higher, versus the continuation of a decline. The triangle, we’re seeing on the daily timeframe is a continuation chart pattern, which indicates the price is going to continue to move in the direction of an upward trend.

I agree with your opinion. Bitcoin has found a strong support level at $9,000, and the buying pressure is rising. Also, I saw on Bloomberg recently that the GTI Vera Band Indicator has sent a strong signal that the Bitcoin price may surge above $12,000 soon.
Also, there are lots of signals pointing that the recession for the US may be just around the corner - from the US-China trade war to Brexit uncertainty and other indicators. And while investors are fleeing from equities, some of the financial flows will be allocated to Bitcoin, driving its price further upwards.
I recommend to buy Bitcoin at $9,500, and place a Stop-loss at $9,000 and a Take-profit at $11,000.

This is quite ambitious, but still can be true! Will see!
Technically, based on the analysis of chart patterns, we can achieve an all-time-high this year. Everything depends on how powerful and steep an upwards trend is going to be.

Exactly. The price has broken down below a significant support at $10,000. An even stronger support is located at $9,000 and is not broken yet. The outlook for Bitcoin remains quite positive, supported by the strong signals based on technical analysis.

It may decline up to $9,000, but the decline lower that level is very unlikely. This market provides a good opportunity to buy at a cheap price with a tight stop-loss, which is an excellent situation for traders.

If you are a long-term investor that basically any price is a good price, because the long-term valuation of Bitcoin implies that it’s price can increase significantly higher compared to today’s price.
It you are a day-trader, than consider entering now at 9,500 with a tight stop-loss and a take-profit target at $10,500. This is an excellent deal in term of potential risk/return.

I think the price decrease was due to the existing FUD. Well, this might have something to do with $ 500 million in bitcoin transfer at just one address. but I don't really know for sure what caused the price of bitcoin to fall at current prices. I also got some information that the price of bitcoin is predicted to drop to $ 8k, and the lowest is $ 7k. it's just that I'm not so sure about that prediction

maybe you can find the answer here for the next step you can choose.

https://cointelegraph.com/news/bitcoin-price-update-where-do-we-go-from-here

I did not think the decline was as a result of whales because if they were the ones, why would they wait for this long then to dump it now, because the price already crossed over $10000 some days ago and that dumping occurred two days ago, so I see no logical reason why they chose that day to dump.

I think there is actually something else that would have caused panic, and once it is clear, people will surely return the money back to the market, while those that didn’t have money would have seen it as an opportunity to buy, even those that even have money like I did. I bought some also at that cheaper price and I am waiting for a rebound so that I can take that little profit to cater for my little needs. At least, while waiting for the other big investment to grow, we can still be shorting.

Long term investors will not look at the current price as they are not interested with short term profits, instead they will keep buying whatever the price from the market and wait for the value that they are aiming to sell out, while short term traders can take every opportunities to buy with this cheaper price then wait for some slight recover then sell it up to take  profits, though risk is always there when dealing with every position, it's need to have a nerve handling the situation.

Hi,
No one knows for sure, but, most probably, you are right! There are very strong indicators suggesting the Bitcoin price is set for a massive move, and may even potentially achieve new all-time highs by the end of 2019!
The price you’ve indicated - $12,500 - is certainly very important since it’s a significant short-term resistance level, which, when broken, will result in a massive move upwards.
Currently, the price has formed a triangle chart pattern and is moving sideways. We should wait for either a breakout above the $12,500 or below the $9,000, to be able to make a substantiated trading decision.
I believe that the probability of a breakout above the $12,500 resistance is much higher, and I’m anticipating a new rally upwards.

The market has grown again, the chart is really showing predictions in the right direction.
I think by the end of the year, Bitcoin will go up even higher than $ 15,000 and BTC Dominance will be up to 80%. This is the time when we need to sell all the alts to buy BTC and get big profits in a short time.

I also have thoughts with you. Now Bitcoin is completely overwhelming this market so holding BTC will bring more positive returns during this period. The market is currently in a downtrend but Bitcoin has remained stable throughout the past year and this is really good for those who hold the coin. Personally, I used to buy BTC at a very high last year but my psychology is still stable so I hope that the price of $15,000 can be achieved this year.

Your hope is probably the hope of the majority of people here because we all hold relative amounts of bitcoin, the value of bitcoin goes up, it will be a good opportunity for us to convert it into real profits but I don't know why the current situation of bitcoin is giving me a very unpredictable feeling, dominance was too high but movement was still very slow. Hopefully this is just a false feeling, if it's correct, perhaps a bigger accident will hit this market, everyone is probably very tired to fight and overcome that stage

Ha, I don’t think you know the level for which altcoins has drastically or badly been damaged, because if you know, you will not advise people to sell. Imagine something that I bought $1000 has turned to less than $50, so how do you expect me to sell that one, and what increase would bitcoin ever have that would make that money turn back to $1000 again,.

I would rather just leave those altcoins and be waiting for the time that altcoins season will start so that I can get back my money, then I can keep them for the next bear market of bitcoin and buy strictly bitcoin because I have tested some of these coins now and I have realize that majority of them are not worth investing in unlike bitcoin, and this is the reason bitcoin is gaining very high dominance.

I'm pretty sure you are not alone, but that's alright if you believe bitcoin will again rise and break its ATH.

$15000 is likely to be achieved this year as we already have reached $13,000 as our high this year, so that's $2000 more which is easy to achieve once the market starts to be bullish again. We weren't see BTC performed good in the 3rd quarter, but let's always remember that there's plenty of time left yet, so let's be optimistic that the 4th quarter is good as in year 2017.

The rumor is that a big btc mining farm closed its doors and the hashrate has fallen big time!

LINK OR IT DIDN'T HAPPEN.

These are just rumors.
The bitcoin hash rate has already recovered. The fall was due to the elimination of a huge number of positions on the Bitmex exchange, in any case, I heard such things from experienced traders.
The fall is likely to continue.

Currently, I am seeing a huge panic from investors and their psychology is now very poor so the BTC reaching $15,000 is impossible this year. I have been afraid of this market and it has made me lose a lot of money in the last few days. Now I cannot predict anything in this market but I can choose to invest in this coin for a long time since the price of BTC is currently very cheap and certainly this is the cheapest price this year.

When I checked the price value of BitcoinBTC in the market, it is already below at 8,500$ which is 8,045$ according to coinmarketcap.
I'm not exactly sure if this the effect of bakkt when it launched this past September 23, 2019 after that event happened, then this is the result of the market now in crypto, I don't know if this a great news or what? But for others its normal things happen in crypto, probably, I think by October everything will be fine again.

It is really hard to predict the market trend at this time because the investment demand is very low this year and investor sentiment can make your investments meaningless. Now it is best to do nothing because the market has not shown any signs of recovery and it will be very risky if you choose to invest right now.

The best advice for you is to stay calm and learn new knowledge from this market as it will help you in 2020.

Yes, you are right it is because of Bitmex leverage trading which the buy orders have been eliminated. But if you compare with the previous hash rate, now it is high which many people are kept mining the Bitcoins. Now, most of the experience people are predicting the price of Bitcoin will go down even to 6500$.

Up till now, the price of bitcoin in the market has been low, since BAKKT launched last 23, of September 2019 and it seems that it has remained between 8000 $ to 8250 $, I think it controls it if it high value thinking. Or it could be that many are buying bitcoin at its current price.

I completely agree on some points, like how bitcoin fundamentals are indeed getting better every time. However, you also have to consider that there are also some negative points that are happening (e.g. Craig "fake ahole satoshi" Wright). So given this, my opinion is that the decline is not unwarranted and is not just a "cycle" this time around. Theres some sketchy things happening but hopefully it is also temporary. 

P.S. It's refreshing to see actual analysis on these boards instead of questions.