Bitcoin Forum

Bitcoin is likely to climb above $9500 USD as per many predictions. Although from November 7th Bitcoin continued to fall below trying to keep the support levels at $9200 USD, considered to be the realistic approach by the predictors.

Source: https://www.thecoinrepublic.com/bitcoin-bulls-strugling-to-surge-above-9500-mark/

BTC took the plunge down, but in my opinion this is just another bear trap. Just zoom out guys.. On the higher timeframes you can clearly see that we're still in a massive consolidation that I see as a re-accumulation period. I've just heard from one of my friends that the price of break-even for most miners is around 9000 USD. Like it or not, I agree with McAfee about the cheap prices that BTC is trading atm. Most people don't see it as they're not used to think with such big numbers but it is just math and the law of supply & demand ;)

It is generally surprising to see such a bitcoin price in late autumn. As usual, the price drops very much this period but this year the coin holds on. I think everyone will be happy to see increasing to $9500

Uhh....just looked at preev and it would appear that bitcoin is not moving toward $9500 at the moment and in fact it's below $9k.  Dang, I figured if any movement happened it would be in the upward direction.  Maybe this is just a little dip.  I'm hoping it's that.

I don't put much faith in those support levels, because I've seen bitcoin break through them often enough to realize that they're just figments of technical analysts' imagination.  Prices can and do fall below them, and quite often.  The whole "support level" thing has just become jargon that gets bandied about and I've learned to tune it out.

I tend to believe that's the truth, even though I don't believe in chart reading.  My instinct tells me that the last bull run isn't over yet, just stalled out for the moment.

This is only the beginning, I think we should expect a much larger figure.

Let's trust your instinct this time because I'm also hoping that this sudden fall is just a signal to the start another price rally for Bitcoin and I'm pretty sure that a lot of crypto people is waiting for this moment to buy Bitcoin at cheaper price to maximize their profits once Bitcoin go beyond its ATH, This is the perfect opportunity that they don't want to miss.

price bitcoin fall today from 9300 usd per btc under 8800 usd per btc .but it was to be expected as long people are still selling because of false news or information that says prices will not rise before halving . and for sure it is a false information .prices can rise in at any moment and the right dicision is buying bitcoin below 10000 usd per btc

I think the halloween theme with some skeletons or a grim reaper outfit is the outfit to wear when considering price generally, just start from that stance and let the chart try to convince you its not the doomed man set to a lower price.     Thats my general idea anywhere, even after the whole China we love you crypto spiel that came out and really was just politics.  I still was waiting for the negative to show and its done as much so now it has to convince its not in a negative trend.

However saying that, I do think we have a positive space for the weekend and thats my guess.   Just a return to roughly where it was not that long ago, no big deal.   Call it buoyancy, it helps to throw off the coffin chasers but I dont expect more especially beyond a brief reversion.

https://i.imgur.com/rA7uXKo.png

Ouch. It's not boding well for the short term price action as we are very near a bearish close below the 200MA on the daily. I really expected bullish continuation after the high volume 40% pump in 24 hours, but nope, down we go.

We were not far from having a very bullish cross of the 147EMA and the 21EMA on the daily, but today's plunge prevented the cross to perfection. It seems like a move driven by algorithms, which is possibly a sign that the accumulation stage of the big players has not finished yet. Good thing is that their accumulation stage can be your accumulation stage too. :)

I would keep an open mind. To be honest, I don't think it's a major signal at all, same as when we first closed below it in late September. Bitcoin loves to buck bearish patterns. They convince weak hands to sell before price gets marked up.

Zoinky is spot on when he says: (https://twitter.com/coinjunky/status/1192867844842762240)


Who watches for 21/147EMA crosses? Never heard of that.

I see more technical where there is a saturation effect when it touches $ 8,700, from this a positive reflection appears and especially nearing this weekend. However, for higher up positions to $ 9500, there may be a gap back to $ 8600-8400 again, there is still no confirmation that locks the price to return to the $ 9000 support point.

There are so many predictions about bitcoin, most of them are very bullish but still some are not satisfied with the currency situation of bitcoin. Now we are down below $9k again after a good run but I still see this one as an opportunity because after this sideways trend, for sure we will go up again and that is the time for real pump.

today the price touch $ 8700, if the price fell below 8700 then we would see the price below $8500. There are many months left for halving, so it wouldn't be a surprise if the price was between $7400 to $10300, and only from July of next year did the price start to rise above $ 13000. Anyway this weekend we'll see if the price is back above $9000 or it will be below $9000

I think the price of bitcoin today shows signs of falling prices and many are panicking because market conditions have begun to flush, many are selling their assets at low prices, the predictions given are inaccurate because indeed bitcoin price movements will never be easily predicted.

Lol, looks like the bulls is crash once again, support has been broken and the price is < $9k right now.
So much for the price to move above $9500. If you have noticed the price seems to be moving sideways, meaning an imminent break out run towards < $9k is there. Which eventually happen in the last 4 hours or so. No need to panic though, we have been in this kind of situations before, and know that it will bounce back again.

The price of bitcoin has today begun to fall low to $9000 which means it is set for a buying support. According to experts the market is predicted to go low to $6000 on breaking of the price $8500. As of now the market is strong around $8900. Possibly this trend will begin to change on Monday. All were looking for the price to cross the $10000 margin which is good to experience the next stage of growth.

Even from technical perspective it is mentioned that the accumulation of whales hasn't over yet. This could be the reaction of more assets getting hold with the reduction from the market circulation.

Bitcoin's plunge down came after gold plunged down. And gold plunged because the markets are expecting the US and China to de-escalate the trade war and cut tariffs.

Remember that both gold and bitcoin are meant to be hedges against bad times. If tariffs are being cut, then good times are ahead.

I'm hoping for that, too but right now I'm not sure what to think about which direction btc is headed.  One consolation is that this recent drop wasn't *too* bad and falls within the normal range of bitcoin's typical volatility.  A couple hundred dollars up or down doesn't make me even come close to panicking, nor am I worried.  Bitcoin was looking like it was moving toward $9500, but now I don't know when that's going to happen.

Still hoping 2020 is going to be a better year for bitcoin.  I've already written 2019 off and don't expect much movement from now until the end of the year.

For now we're going back to 8k$ and the chances to go again at 9.5k$ are not so great so lets see what the next days/weeks will bring into the markets. If Bitcoin somehow pull a miracle and its 10k$ by the end of the year we should be glad.

In the moment of writing, charts are in a decisive moment so its either back to 9k$ or down to 8.5k$ in the next hours so good time to make more buys I guess for the long term race.

in a big frame, the bulls run has been started since April-May when the price starts to climb up from $3000 to $13,000.
What we've seen just normal fluctuations due to some reasons affect the market trends.
The drop from $9300 to $8700 was a minor pullback, pretty much predicted and expected for bitcoiners to make long positions, as the bulls market not over yet.
Buy in every dip.

Sad to say but it just took a quite a hefty crash recently. Despite this, I'm suspecting it was just pure manipulation from the whales to instill FOMO and bring the prices lower before the anticipated bull run months before the halving, just like previous halving patterns indicate us. I speculate another dump to bring prices near $8000 mark and possibly below that level before the price would reverse to a bull run. If these are indeed whales, then we can only swim with their momentum to get the most out of it.

Bitcoin price fell down to $8700ish-$8800. Pretty deep, but I get the feeling this is only just the beginning.
We might see another fall or it might be a rise. Eventho we've been having quite a stable price for the past couple weeks.
To come back up to $9k might need some time, will we see another bull trap? Who knows, right?!

if I think otherwise. in my opinion bitcoin will dump again before halving in May 2020. today if we look at the price of bitcoin on CMC bitcoin fell by 4%. so I predict the price of bitcoin will go down again. this can be an opportunity for us to buy and add to our bitcoin before bitcoin will be bullish in 2020. investing in bitcoin does require patience often what we expect does not match reality. but of course when bitcoin comes to the moon, we will also get unexpected benefits.

Yeah and suddenly we are now in a down mark once again.
I bet FUDsters are now celebrating again making such lies just so the bitcoin price could go down in a continues way.

So much for advertisement even if the price is way high than anyone expects a commodity/currency should be.
But I am betting this will just be for a short period. It is the Ber months and this is something which aint new anymore.

It will be just hanging around 8,000 USD to 9,000 USD lucky if it will be hitting 10,000 USD. Considering the previous occurences though the ideology of the market right now is to go down but if we take notice of the previous happenings like the starbuck's, china and venezuela actions towards crypto we could somehow at least conclude that market would go up.

LOL, if they really celebrate their success in lowering prices, I think investors are also quite happy to see prices return to the price of $ 8k. I don't think they will leave this opportunity to buy some bitcoin to hold.
Although the price reductions are quite far, I am sure that prices will recover this month to. however, the strongest potential for bitcoin pump prices is later this year.

most investors have either bought bitcoin during the latest manipulated drop before all this. which means they have already gotten an excellent discount of at least 20% so they don't care anymore about this recent drop.
or there are investors who are still scared and have not yet decided to enter. they are waiting for THE big signal to start then jump in. which is why many experts expect a big jump after the $10k resistance is broken.

Bitcoin is decentralized cryptocurrency so no one predict the future possibilities because yesterday many peoples are said further development will possible on soon. But current situation is changed so volatile currency will going to moon or dump at anytime. I hope next bull run will possible on end of this month.

Sometimes a bull run was initialized with little dump because the whales are going to buy bitcoins with lower price, and if they don't success to make a bull run at least they can make profits from the price that they sell before. So, if the price fell suddenly and stand still for a while, Be ready for price movement in near futute, but it could be more dump or it directly a bull run, we have to ready in any situation.

We feel that bitcoin is continue falling the price but i believe that bitcoin will recover in the coming months and it will goes up continue. Many investor are waiting for bitcoin price goes up and they are patiently waiting for the pop of bitcoin. Bitcoin can moving up slowly.

That's good investors have bought bitcoin at a price that is going down this even I say this is an opportunity for us in the future
I heard the news but it is not certain that the biggest Chinese company received a license from Hongkong to open a virtual bank, meaning that bitcoin will be back in the pump in the near future.

Source: https://www.coindesk.com/tencent-to-build-virtual-bank-after-hong-kong-regulator-approves-license

If you ever have a fundamental analysis over the market you will surely gonna tell which way bitcoin would go. It's not that hard to look which way if the other factors that could change the outcome is not present then it's too easy. But this market is not a normal market because it is an open market everything that could happen here is possible.

Unfortunately that moving went backwards, that is literally what bitcoin does, as soon as you think it will go up somehow it goes down and the weird thing is when you think it will go down it goes up. So right now, everyone is afraid and scared of the price going even further down so I feel like it could literally go up just for that reason.

Normally the public should dictate what the price will be like, because there is no regulation so when you think it is going up you buy and directly that is attribute to price going up, that is how the market works. Yet for some reason (I suppose whales?) when you think it is going up the price goes down, so I assume there are silent traders who see the market trend and then moves reverse so that price would do exactly opposite of what people think it will do.

I quite believe that someone was late in getting that moment, and started to take advantage of the current situation to buy bitcoin. until now, prices have returned to near the $ 9k level again, and that means, buying at this time will make a pretty good profit.

I agree with this thinking. some investors are afraid to take the moment to buy some assets because of FUD, and others. but, when the price of bitcoin goes up again, and they late to stock, they are sorry because no do it. only those who pay attention to price developments will not miss the big signal, but I don't think many people get that moment.

Oh well, that's why bitcoin price movement is really hard to predict. I mean when everyone thought that we are going for another break out run to $10k, it suddenly went south and < $9k.


But the public are easily affected by any negative news. I'm thinking that the FBI statement has something to do with the current dump.

Yes, I don't believe in chart reading too. The price prediction of Bitcoin by reading the price chart is not being correct nowadays. Those are just another prediction with some technical analysis. Last year and this year, bull run prediction by reading the price chart was failed! I think the Bitcoin price will grow up to 9K to 9.5K USD again, and I have no idea what the price chart saying.

Looks like the boat sunk for a moment but now it is gaining its price again.
I hope it just goes back to $12000 to $14000 before the end of this year so that all of us will be happy once again.

The resistance of the $9k price seems to be difficult to break.
We need more supporters and buyers to take the demand up.

The year is almost coming to end and price just dropped from $9500 back to $8907. For me, I would be surprise if this year closes at $14,000. I see it might not play around that, there is a strong resistance in the way of $9500.

We have seen different predictions about the bullish price of bitcoin but all of them have a low chance to happen. Actually, in the last couple of days bitcoin surpasses the price of 9500$ and right now the price is around 8800$. In addition, I just visit the link it shows some predictions on the price and we all know everyone can do predictions about the price of bitcoin but still, it is very unpredictable so we really do not know if there will be a real pump or a big dump.

That’s good for them to keep waiting because the price of bitcoin will take time to recover fully. Holding, for now, is the best choice ever because it’s not sold worthy for investors yet. We should keep patience and as much as I know till the end of 2019 price will gain some more increase in price, so waiting is the only best option according to my analyzation price can increase even in days.

I like to listen to bullish prediction because that's the happiness of most people here.
Missing the big pump again like what we've witness early this year and though after we reach $13K the price started to fell again, but one more push before the end of the year would be good for the overall market.

To reach $9500 is not impossible, if we were able to pump above $10K from $6k in just a short period, why not back to $9500 again at the current price.

I am also very pleased to see that people are very optimistic about their current price predictions, but I don't want to expect too much from that prediction, because some people speculate too high. I don't want to be disappointed in that.
if the limit is later this year, I strongly believe that the price of bitcoin can reach $ 9500, even higher. although it is difficult, I can just see that bitcoin is trying to reach the price of $ 9,000 again right now. however, I believe that at the end of this month the price of bitcoin can exceed $ 9,000.

Talking about keeping patience, I wonder:

How will be the patience of people who bought when the price was $17000? In 2 days will be 2 years since the price reached $17000. This means that people who bought when the price was $17000, are two years holding with losses... I had also bought when the price was $17000 and sold when it fell to $15000, was a good decision because The price has dropped to $3000. hold is very good, but we need to know time to sell

people who only bought bitcoin at $17000 are newbie idiots who have already sold their coins a very long time ago (a year ago at least) because $17k was not a simple price rise over a long time lasting that much then crashing out of nowhere! it was the peak of the bubble and the end of a 2 year long bull run.

anyone who waited that long to enter bitcoin and didn't buy the entire year that price was rising slower from $700-$800 to $10000 and only bought at the very end (in the last 2 or 3 weeks) is a big idiot who has no idea what to do with his money. these people panic sell the moment price comes down from $17000 to $16999 they won't even wait for the full drop.

anybody else who bought at those levels such as investors that keep buying every months or two already know what they are getting into. they have always had plans.

If BTC is able to penetrate the price of $ 8,500 it is not impossible that there will be a potential to go down again to the area of $ 8,000 or $ 7,300 because the weekly trend is still showing a decline.
It is still very long to hope that bitcoin will reverse the trend to see the current conditions. I prefer to wait at the beginning of 2020 to see the next price movement.

This will be a bitcoin sideway time, and altcoin has also gone up high when the Bitcoin Sideway, namely AOA, NEO, TRX etc.,
but unfortunately Ethereum, Waves, XRP, has not signaled any further movement,
and if Bitcoin is priced below $ 8000 I suggest buy 10-20% of your money, good luck

Holding your coins for a long time is without a doubt a successful strategy that has shown to be profitable in the past, but those that are planning to hold their coins also need to be smart about it, so far we have never seen the price of 17000 dollars again and it was the first time that we saw it at the time and as such it was not reasonable to try to hold your coins when you bought bitcoin at such high price, and anyone that did hold his coins deserve the losses that he got.

The market has been experiencing a massive downfall in the value. Now the price has come close to $7500. Maybe by the weekend the price might break the resistance reaching low to $7000. If that happens the price will reach to the low bottom of $5500 or even low. The market trend moving towards $9500 has now turned downwards. Possibly the upcoming year will give the best growth.

This dip is too deep but it is the right time to start buying and hodl until the price comes back then sell. Such quick method to actually gain some profit but it is not guaranteed that it will be effective for short term traders. Bitcoin experience a massive downfall this week although I think it is just the usual way of the market dropping and growing since it is an open market manipulation will always coexist.

this week bitcoin has continued to decline. and the current value is $ 7,700. maybe the prediction that says bitcoin will dump before it halves by 2020 is true. the whales can manipulate the price of bitcoin to be able to buy more and then hold it until bitcoin divides next two years. and this is also a good opportunity for us to also add bitcoin. maybe until the end of this year bitcoin won't be able to reach $ 9500. I speculate maybe bitcoin will go down to $ 7,000 or even $ 6000.

The bulls are doing everything that they can to defend the 7000 resistance level if they are successful we may see a recovery at the end of the year that could help us reach a price close to 9000 again but if they fail and the price keeps going down I'll not be surprised if your prediction is correct and we reach a price of 5500, to me the key to all of this are the miners, it seems that at these prices they are unprofitable and if they cannot keep holding their coins and if they begin to sell them then the price will go down even more.

Indeed the battle to keep the price above $7000 by the bulls is real after some remarkable progress of the price hitting $7300+ today it seem the bears are pushing it down again to $7000 I just hope the support at that zone hodl or reject the price and pump to the next resistance else we may head to $5500 just as you had rightly analyzed as the year is coming to an end a lot of exchanging of bitcoin to fiat might dump the price and rubbish this analysis.

Agree, I think a lot of new investors are panic selling combined with the holiday coming up people are selling off for profits and taking a break from trading to spend time with family and friends. this is the another correction to BTC for this year and it will most likely bounce back around the new year. with that said great time to buy more bitcoin and start scouting new altcoins to hold on to for the next big push.

There was a lot of people trying to battle but in the end as we can all see is that bulls won for now. I mean we are not at a great level where we are out of the gate right away, we are just at a level where bulls are just got away with it a slight bit but still a lot of things to happen. If we get to see 8 thousand or above that means the bulls actually won and we won't get to see anything lower for another while, not meaning "ever in history" but not for a while.

However, if we do not go up or even go down back again that means bears let the bulls use their ammo and waiting their turn so we may get lower as well. None of us will know what will happen before it happens so we gotta just wait and see who wins but if this is a war then bulls won the first fight.

There is nothing won yet. We are still in undecisive area while hovering over the previous low. I would expect to be much higher already, since it is Thursday already. Not feeling that good right now :/

This is by far one of the most important moment in this year, the battle at 7000 was incredible with the bears having the upper hand for some time only to be rejected by the bulls, but it is still unclear what this actually means, we are still too close to that level and if we are to forget about the dangers of going below those levels then the price needs to keep going up, so the next week is going to be critical, if the market goes below 7000 it could even put in doubt the recovery that everyone is expecting at the next year during the halving.

People looks like forgotten on how the bitcoin market runs during these last 10 years. It's full of ups and downs stories  , get used to it and you'll find a way making money between those ups & downs periods.
I did found myself get benefits (a lot) with the bitcoin volatility, not to mention altcoins volatility that so far hasn't find its crazy movement from $0.01 to $20 ;D , I'm really exciting to see that moment coming though.

Let it flow , it's impossible to always predict the bitcoin movement correctly all the time. That's okay to be wrong , the point is are you still in profit with that personal analysis?

price predictions based on good analysis techniques maybe me and other friends can understand that, but the link that you provide doesn't have that kind of thing, the person's explanation is a bit complicated and doesn't display the graph that is being analyzed

And that is precisely why it may not happen, the market of cryptocurrencies is a waiting game and right now the majority of the expectations are for the market to go up at the end of the year which is why I think it will not happen, everyone is expecting the market to give them great profits but for that to happen you need more people to come to the market and I do not see a reason of why more people would come to this market during Christmas which is the time of the year in which everyone is using whatever they have saved to buy a lot of stuff.

It seemed like that price uptrend did not push through, bitcoin drop below $8k and now its trading at $7300 only, its could rise to $9500 this year I guess but we again need a big pump, I am not really sure if there's something like good news or hype that would again bring the price back up, but if we will not end at that range, don't worry there's still next year where the halving schedule is so significant to help the price rise.

The last days have been very positive for bitcoin but despite all of this the price is still only at 7500 and we are far away from the price that you are expecting of 9500 and that is a real problem because if the price keeps going down then I will not be surprised if many of the people that entered this market during this year get scared and prefer to leave the market making the possibility of any bull run coming during 2020 very small to the point that it could become impossible.

Maybe at certain moment it seemd that price is heading towards 9000$ or more but it.pushed back again. Nothing unusual but I think that we can't expect another biger price rise this year. There is not much time left and we would need continuous and steady price rise which is not likely to happen. By the end of the year it will probably stay in the range between 7000$ and 8000$ without significant changes.

First target to beat is 7700 which is a long trend of declining prices but it is quite positive short term over the last few days, it reset but then recovered above the 8 day average again.

https://i.imgur.com/pr4uSzZ.png

So blue line is 8 day and its beaten some negative trend if not yet fully recovered itself.   Its debateable if it can get 9000 before the year end but Bitcoin is very volatile and its hard to say it wont but theres alot of work for it to hold in that area from here.

It is quite enough to justify that the market remains to be unpredictable all the time. We could witness another drop-off if past days but we are turning back and headed for another $10k sooner. Though it seems hard to make this year, and the possibility will be able to make another big run early next year before halving is than. But people are still hopeful that it will hit and see a bullish market again.

I guess $8000 should be the target at least at the end of the year. There have been several humps along the way though, and it seems that $7600-$7800 is a big psychological barrier in front of us. Looking back at last year, we have some minor rallies approaching Christmas or least weeks before.

So I won't be surprised if we touch $8000 this year, but we don't know if it's going to be sustainable as we approach 2020. I'm sure lots of crypto investors are very positive in 2020 because of the block halving event. So patience is still the key here, whether was price the market is offer at the end of the year.

Bitcoin is too much volatile. This current price is 7500$ and it can pump to 8000$ in an hour or it can take weeks before it reaches this mark. This is how much uncertain bitcoin prices and no one is able to guess it correctly.

if I read the title of the bitcoin thread it can move towards $9500, if only words like that anyone can say "bitcoin can go to $10,000". I think it would be better if your words were accompanied by ideas, for example adequate technical analysis or good news about Bitcoin or others.  so you're not like psychics who can only guess the price just like that.

Believe to the moment will come that the market will show some huge pumps next year, not only just reaching into $9.5k mark but eventually, we can make more than that if investors will give their trust and strong support in crypto. Not possible that we are able to make another ATH but the problem is we don't know when and I don't think that people are still having the patience for that.

now we are at the end of the year and the value of bitcoin is stable at $ 7000 - $ 7500. I think bitcoin won't be able to reach $ 9500. the last two months bitcoin has continued to decline and I think this is the work of whales who want to buy bitcoin at a cheaper price. hopefully next year bitcoin starts to enter the bull market and pump up.

I believe you, but I already believe we'll get to 10k. Not just because of any pump but because price naturally must hit 10k again in the medium term. ATH is another story and it's one that is possible in 2020 but I believe is more likely in 2021 if not even the following year. Remember once we break ATH all hell will break loose. BTC needs to be strong for that moment otherwise it will fall even worse than 2018.

I doubt that we'll see such levels f support around 9.5k soon. Perhaps it'll take another quarter for such prices to be reached. I think that there's too much selling pressure from recent downturns when lower prices were reached and the BTC/USD markets sustained levels there even for a while. There's BTC to be offloaded also from times when where volumes were large at bigger prices. Profit taking and selling pressure would keep a bull run from taking off at a fast pace IMO.

You are correct about the price being very volatile but we should not depend on that volatility for the long term growth of bitcoin, every time that we see such huge candles most of the time the price instead of continuing its movement in that direction what we see is a correction on the opposite direction, most of the time going back to where the movement started, however a price of 8000 at the end of the year is not really that hard to reach because we still have a few weeks left during this year.

Yeah if we see market is on good moves of correction we should take more part in increasing it even more. We should buy now as price is getting higher than $7k i hope this process will continue and we will Be able to see huge pump this year. In crypto time to buy and to sell should be accurate only then we will be able to get real profit from it that’s why keep your eyes on market.

Currently it looks like we are closer to 7000$ than 9000$ or more. I don't even think that 9000$ is possible this year, if the price goes back to 8000$ or a bit above that will be a good sign, everything above that value would be a surprise. I don't expect some bigger price rise at the begininig of the next year either.

During the last day the bears tried once again to make the price of bitcoin to go below 7000 and they were very close to get their goals but then the bulls reacted and made the price to go up 100 dollars still we are very close to the 7000 dollars mark and I will not be surprised if during the next weeks we see yet another attempt by the bears to try to break that resistance level and make bitcoin to go down in price again before the end of the year comes.

Of course we are closer to 7000$. Just 100$ shy away. But we're at the buy the lows region. So it's fun if you have some paper money on the sideways for next years (stable) bull.

Is Bitcoin going to $9200?  (https://bitcointalk.org/index.php?topic=5208923.0) 
There are more such predictions. I suggest to make a separate forum for bitcoin price prediction where we see and analyze predictions made by different members. That will be a great way to prove that there is no one who can accurately predict the bitcoin future price.

Although have thousand prediction with bitcoin there are not one correctly prediction with bitcoin price, many people have believe bitcoin have higher price on next year but look today bitcoin keep under $7000, never waste time for reading many bullshit prediction because I think is not good our source for trading and investing with bitcoin, just trying with our self analyze with bitcoin and altcoin price.

Technical analysis is not a forecast of the future, but a pattern analysis to try to predict the next move. the analyst are not predicting the future. And if we look closely, there are several times that the analyzes are correct. For example in the present case: if the $7000 support is broken we will see the price of $ 6800. This is a prediction that may or may not materialize.

Seems bitcoin will drop below $7K instead of trying to break the resistance level above $7500. While we've entering the mid-December but the market shows that more seller than the demand to buy, which mean the price will continue to decline.

https://i.imgur.com/82UWCly.png
source (https://www.tradingview.com/chart/BTCUSD/6S7BILOK-Bitcoin-Bearish-triangle-and-Bullish-Wedge/)

We had a good support at $6500 and the price is trading around a range of thousand dollars from that and i do not expect a huge correction from this stage as i am expecting more investment coming in once it tries to breach the first support level and neither do i expect the market to break the resistance in the next couple of weeks.

The bears once again attacked the 6500 support level and they were very close to be successful, the bulls were able to once again sustain that level but I question myself how long it is going to take for the bears to finally made the price to go down to even lower levels than that, it seems to me that it is just a matter of time before that happens because I do not see how bitcoin is going to recover to a price above 9000 before the end of this year.