Bitcoin Forum

hello we all see a few movement Indicate that btc will go down to 6k is this  possible what would be your opinions

I am not seeing any indication that BTC will go down 6k soon. If you have any evidence for your statement that proves that it will go down to 6k then provide me. Then only we can conclude why you are making a statement like that. For me, BTC is too unpredictable but you hold you it will give profit. But whenever I tried to speculate most of the time it surprised me.

Okay, I think it is much possible that bitcoin could hit 6000$ but I think it could be another good opportunity for those who missed buying at 3k last time.

This topic should be on the Speculation, move the thread there first.

BTC indicates everything base on the speculators thought. There's an indication that it can way go higher or lower base on the opinion of the reader. Every price is of possibility so you should be aware of that and don't be surprise whatever happens next.

We could be facing a new threat of having the price of Bitcoin down to 6,800 at worst this year.
This is just my speculation also, as of now i am seeing a playground in the market for 7,200-7,700 USD per BTC.
This might not be a long time to stay, it will be worst at 6.8K or we will see the price again reaching 10K before ending the year,

The movement in BTC is normal but I would guess sentiment is negative and reflects in a diminishing price.   We are making attempts to break trend but so far its falling back, I need to see it above 7440 to be more optimistic.   It was far more positive over the weekend but the headroom to improve from there was a descending ceiling and on cue we have bumped our head and moved downwards, so far not seeing strength.

https://i.imgur.com/Y9qGvZe.png

We are below 2 day and 8 day averages and I think we are within negative trends to try and summarize it simply.   There is no 6000 shown on my chart here but if I had to guess a break either way it would be to move closer to 6000 imo.

I have not seen any sign that Bitcoin will drop to $ 6k. Why are you talking about that, can you give any indication to prove it?
Bitcoin will probably go down a bit, but it is unlikely to drop to 6k in the near future. I think bitcoin will trade at $ 7 ~ 7k5 from here until the end of 2019.

It is possible that in recent days Bitcoin has had quite negative movements and the price has decreased a bit, but the conclusion that bitcoin will drop to $ 6k is quite hasty and lacking conclusive evidence. The current market is leveling off but the bad news has passed, I think bitcoin can drop to $ 7k after which it will recover.
$ 8k is my prediction for the price of bitcoin at the end of 2019.

In my opinion, bitcoin is in a long-term downward trend, it could head towards 7k1, then 6k5 and worse, $ 5k. but it's all a prediction and we still need to wait and see how the signals look. In the crypto market, anything is possible. so we need to wait for the best and clearest signal to decide whether to buy or sell. Currently, the price of bitcoin is back to $ 7k4 and has not shown a clear uptrend, so it is likely to decrease, this is my analysis on October 12.

At least you should have share your analysis to see if the price have a chance to go to $6k based on your TA. But then again we don't need to be rocket scientist here to make a guess here.

So I can say that it's possible to see $6k, but then again I'm no expert so I might be wrong.

Currently, we have been struggling to break into the $8k barrier and we keep on sliding to $7k which has a lot of support. But as I have said, anything its possible, we can see the price go down to $6k if there is negative news.

If that is really happen, so i wouldn't do anything except hold my bitcoin. Honestly, in real job my salary not enough again if must buy again, so what can i do only keep hold and earning from bounty or maybe signature campaign. But my plan with my earning is to hold until halving come and then make other decision after it. No matter price now or in the near future i will keep to be with my target.

not long ago we touched $ 6500 and the price increased again above $ 7000 and it continues to survive until now, so if under $ 6000 you will see big support at $ 5500 there is strong buying support, I am not sure bitcoin will ever again touch below $ 6000 as many expected by many people since 2015 said that bitcoin will touch under $ 200 again but in fact the price of bitcoin continues to increase every time until halving 2016 and ATH in 2017, so actually this year is my last chance to see bitcoin prices below $ 10k, hopefully my words correct

yes it could but it could also go to $10,000 soon and just as easily.

my opinion is that it won't do either of these and will stay here for a much longer time and continues going sideways inside the range starting from $7k and ending at $8k. then maybe we see some final desperate attempt to push it lower before the price does a big breakout and the big FOMO starts shooting the price to above $16k within one week.

I think the target will not be reached to $ 6000. This indicator is still too far now to still survive around $ 7000- $ 7400.
Where do you speculate that bitcoin will drop to $ 6000? I estimate it will continue to $ 10,000 at the beginning of the year although there are no charts to prove it, but I'm sure about that.

agree, support at 6500-6800 is pretty strong, 1 month ago when it went down it didn't even touch 6000, but it was stuck at 6500. I'm not sure for 10,000, but I just expect it will go above $8000 before Christmas.

Since we are all expressing our opinions without giving reasons other that looking at the charts or being pessimist, then I can say that $6000 is the starting point but to be factual, I don't see that happening even though the market has been stagnant for a while now hovering in the $7.5kish bucket, going down to $6k would be catastrophic that no one should even wish for at the time. The holiday is coming where we are likely to see some dropping in the price of btc as people would want to offload in other to have a fulfilling celebration, but $6k would be too extreme.

short answer: We can touch the $ 6000 barrier, but there is no strong support to continue that level.

We can bounce back to the level of $ 6000, but there is no indication that it will continue at a lower level, nor do I think that we will maintain that level for long periods.
The price kept the momentum at $ 7400, as there is no history barrier to decline and continue at $ 6000, and there is no indication to return to levels of $ 4000 or $ 3,000, so it is unlikely that the decline will be possible even though it is possible.

Were there any indications of a pull to the 6k? BTC has every possibility to go through whatever value it wants, but the possibility is close to null I believe, atm anyway. No clear indications atm and BTC actually bounced back to 7.5k recently but went down to 7.3k few days ago (Or was it yesterday). Besides, the holidays are coming up and most would probably give opinion that instead of 6k, BTC would bounceback to 8k at least. But in the end, these are analysis without any charts involved or stuff like that, just my general take on what could happen.

What are these movements you are saying? Cause I for one don't see anything actually that obvious. In fact, I believe this should be the accumulation period before a run through after the holidays end. BTC has been in a constant sideways movement after the bounce back from 6.5k, having a 300$ movement being the largest movement seen after a few weeks, which is from 7.3k - 7.5k and vice versa. This could mean a stable movement for traders to take advantage of to be able to accumulate before the bulls push through.

Is there a clearer technical analysis about bitcoin going down to $ 6000? I think the support area will not reach like that and we will see that bitcoin will endure at the level of $ 6800 and it is still difficult because of $ 7300 less ascending if viewed from the graphic movement, the core will be ahead of the new year and before the holidays there will be a decrease but the increase we will fully see what will happen.

Though you are seeing a downfall movement that doesn't mean it would literally go at 6,000 mark. Yes, it gradually approaching but I don't think it would go beyond 7,000, and majority of people here either. Besides, is there analysis there? Would you like to elaborate some? So that people here can discuss it more further. But I still believe it won't crashed at 7,000. Market would stand firm at that mark.

What movements are you talking about and why do you think they point to $6k?  I'd really love to know what the hell you're talking about here.

As I write this, bitcoin is at around $7300 and has been waffling for weeks or months--I lose track of time when bitcoin is stuck in a tight range.  Last time it was in such a range it broke out to the downside, so it's quite possible when bitcoin starts to move again it could be toward $6k.  Possible, but I'm really really hoping that doesn't happen.  We're so close to 2020 and I have all my fingers and toes crossed that it's going to be a great year for bitcoin and crypto in general.

And I doubt bitcoin's going to go that low anyway.  I don't know that for sure, of course, but it's just a feeling I have.

Why are you saying that?
 Is there any particular reason or you are just making your "prediction"?

I don´t see any movement towards 6k USD again in a near future, we are in the end of the year, next years there a halving coming, we are good at news, more places accepting BTC etc
So I think it's hard to BTC fall to 6k

Opinions are always accepted here at this forum.
Just don't go too far into telling that it will be what should happen or what will happen even without technical analysis.
Bitcoin is volatile and what you say could be true.
There is just not enough proof of it.
I can tell it will go to 13k back again but you would not believe me right?
Same goes for all those who reads this thread.

It may land on the $3000 USD anything is possible with the price of Bitcoin at the moment, but I don't see any indicator that it will continue to go down if you could share the technical analysis and charts that provide supports on your claim then many will surely believe it, but if there is nothing like that then there is no strong evidence that the price will move further than $7000 USD or more.

I'm buying more the lower it goes, although now going slowly into my emergency reserves. Yeah, that's me.. going down with the ship worst case. :)

It's not that worst because I'm pretty sure it won't sink into the abyss. :D
We could all buy and accumulate as much as we can if the price would go south like that but there's no sign of that yet. The Bitcoin price is currently sitting in a $7k range within a week since the last time I saw it. I still don't know if 2020 will give us the $8k or lower than the $6k price range.

I ain't no dumping not buying so I'm not going to benefit in speculating where the price would be but if going to $6k is its dereliction then seemingly this is not what its suppose to be knowing that halving is very close. Looks very manipulated really. Altcoins are sent into the lowest price so far and an indication that its a good opportunity to fill stash.

I think weekly time frame shows a a current neutral very short term. however the 21 weekly EMA very time it crosses below the 10 weekly simple moving average, the market responds with a %60–%70 price decline to $4,500. plus the Fibonacci retracement level 78.6% of the 2017 bull-run lands nearly on $4,500. further, trades on the daily time frame, as long as the price remains well below $7,900 short the fakeouts. the next bearish objective for sellers is $6,900. a bearish break of this support would revive the bearish momentum. the sellers could then target the support located at $5,800.

Can you please tell what movement indicators you have in your armory that tell you that Bitcoin could hit $6000 soon? As far as I can see we are floating around $7500 pretty comfortably. There is nothing negative in the market. The charts also look pretty normal. No bearish indication anywhere. There was a chance of such thing to happen when btc trended towards 6800 last week but I think now that thing is pretty much out of the option. Everyone here would love to know your analysis that why you think that such a thing will happen.

What ever my opinions are if the market is going down you cannot do anything about it and if you are planning to invest in bitcoin then you must see that as an opportunity rather than panicking and if you are not able to trade in the short term because you are lacking the experience to do so, then always go for the long term and it is the best option for any novice in the market.

It seems reasonable to me. Bulls can't break out (https://bitcointalk.org/index.php?topic=5140701.msg53304027#msg53304027) and the weekly/monthly downtrends remain intact. Gravity is likely to take over again within the next several days.

David's analysis is aiming at $6,150 or the mid-$5,000s: https://bitcointalk.org/index.php?topic=5140701.msg53309125#msg53309125

if prices goes to 6000 usd ; everyone are free for selling ; now also .because smart traders know that 1 bitcoin -----1 bitcoin . you should not fear about fall prices because there is lot of manipulation in market of bitcoin not just in this time but since lot of years

Then, what do you think if the price goes down, even more, deeper than $6k? Would you sell you Bitcoins or keep holding?
Any time of the day, it can be possible and I don't think that all of us here could manage to save there ass and hold back there coins. Bitcoins price trend goes on and off and seeing how often to drops is more than the time that it goes up but this never makes a change of my mind and I patiently wait until the storm stop.

It can happen, but i hope its not. Let’s give bitcoin a better year end price and hopefully it wont drop anymore. I’m looking forward for the price of bitcoin next year and I’ve done thinking for a lower price this year, we should keep moving forward and always think positive, the market will recover and hoping that the bottom has already hit.

Best way to answer this question is nobody cares what you think lol.   The dynamics of 'I reckon it wont go down' is unfortunate, the market doesnt care what any of us thinks.   It can drag us down to 6000 with our nails dragging in the ground the whole way, its maybe even more likely if we dont want it to happen as fear is a great motivator for actions.
    Thankfully Bitcoin is alot larger then any of us which is good as just an idea or rumour on this forum propagating could easily be inaccurate but effective in convincing people.   If BTC encompasses the world then we have ourselves a positive  despite BTC having its own mind and determination its probably a good thing.  Also I never buy into the whale theory of market movements, we envision whales for why a price tops or bottoms out because its human nature to see a face in everything

https://youtu.be/iNp0KmGioV4

https://i.imgur.com/Eb7KNtT.png

I'm going to pretend the charts tell me what the market thinks, mostly its just my interpretation but hopefully based on previous momentum at least.   I have to post a big chart or detail is not legible to me or others I presume.
  
   

• Its a very rough chart but 8799 on the left is the big uptrend line for this year.  We marked this off as a recent top, which is a bearish reaction imo
• We failed below 7325 which is an area to keep as a surface we remain above ideally.  This relates to ATH fib and some 2018 pivots.  Thats somewhat bearish I'd guess.
  
• We are not managing to maintain above a rough negative trend in place since July.   We have at times traded above and kept it as some support even but right now neither is true.
• Medium term moving averages are neutral to negative but the short term 8 day average is about flat, so if it can build and stay above that measure we can be more optimistic.   Without excuses otherwise I think we return to the recent low of 6500 or possibly a lower low.

  
  
  

  

it is possible. the price of bitcoin is identical to the fall in prices at the end of the year and if the decline is positive, then bitcoin will fall below the price of $ 7,000. if we look at the current price achievements, the price of bitcoin is still at $ 7200 after its decline from $ 7500. Well, this is a price close to $ 6000. for now, I expect the best price and not go down at that level. but, we need to get ready for it, because the price of bitcoin can touch the level of $ 6000 in a short amount of time for now.

I agreed with you on this the price declined sharply from $7500 and dumped and presently it has not shown any sign of bullish sentiment the Christmas festival is around the corner a lot of exchanges would witnessed huge withdrawal and exchanging of bitcoin to fiat by hodlers to buy stuffs for the celebrations I believed a similar pattern of price behavior of last year had started to unfold the price declined too and went down to $3300 before rallying up later this year.

yes I agree with you in my opinion bitcoin will not go down to $ 6000. I think the lowest point of Bitcoin right now is $ 7,000. currently the price of bitcoin is $ 7200. and maybe until the end of this year the price of bitcoin will range from $ 7,000 - $ 8000. but certainly no one can predict bitcoin. bitcoin could have increased or decreased in the last week of this year. hopefully in the last days of this year bitcoin has increased rather than decreased.

What's not manipulated? People don't complain if the price is manipulated to 20k, I don't see why they should complain if it's manipulated to 6k. If anything, we should be probably really grateful to have these extended sales period. I know I am. Every month we stay below good price levels is an extra month to get bargain price. And, a better chance for price to sustain at much higher levels, much longer, once that ATH gives way (and it will).

There is really as much possibility of bitcoin being 6k as being 9k, there is nothing that proves bitcoins movements and where it will go for now, sure we could assume bitcoin could go down but that assumption alone is not big enough reason to think it will do exactly what we assume.

There have been a lot of people who keep saying "bitcoin goes down before it goes up" and that created a sense where everyone waits around when bitcoin is low to see if it will go down a bit more before it goes up so if they see it go down they buy a bunch expecting it to go up but then something major happens and it goes up but it never goes down so people are caught waiting while it goes up and they miss out. Bitcoin could go to 6k, that is a possibility, but I feel like there is as much chance of 6k happening as 4k-5k-6k-7k-8k-9k-10k, they are all equally possible.

that is true , people seems losing their logic when it comes to making money in greedy way. bitcoin investment for instance , people drown in euphoria when good things occured despite the fact there is a huge manipulation going on but then start panic to blame everybody and everything on what happened to you when losing certain amount of money because of the bad thing that hits you, such a toxic attitude.

grow up and educate yourself , upgrade yourself everyday regarding the crypto and market itself.

everything so far pretty much organic , your psychology are not ready to accept crypto nature that most of the times and even all the time are volatile.

yes possible bitcoin to reach $6000 soon, actually bitcoin dropped for the last . while cristmast and new year coming people prefer to sell their bitcoin and it makes bitcoin dropped. but no body know in the future, its just an opinion but no body can not make sure that it will really happen, and dont forget to sill positive with bitcoin because bitcoin has good prospects for long time

What is the indication that bitcoin will fall to $6K soon? because it was $7500 yesterday and drop to $7200 today?
If it's true, then buy the dip without hesitation because we know what is coming in 5-6 months later, high percentage bitcoin continues to accelerate through the next year, will get back to the ATH. No matter the price right now, tomorrow or next week becomes $6K, just stockpiling as much as you can.

Provably it is a personal assumption which have valid though's since as of now we can see the price drop and maybe there will be a backward since big whales can manipulate that to have a cheap accumulation before halving will come and It's really best for us to buy at that figures since for sure that is the last dip if that scenario will came since for sure in year 2020 we can see a massive pump since people are into the crypto market especially with bittcoins at that time.

The price hasn't shown any steep fall in the price. There is price fluctuation happening within price margins without very big growth in the real price. With this I don't think the price of bitcoin will fall low to $6000 in short, more chances for continued fluctuation than growth. There will be price pumping by the weekend and some fluctuation in between days and drops at the week starting. This growth pattern is happening for the last few weeks of time.

The price is now stable at $7k +, so I don't think it will stop the bleeding here and price may rise from here, at least in the remaining days of this year.
We've seen a lot of price action this year but we can't deny the fact that even BTC fell below $10,000, price has still increase over 100% so far.

I am so hopeful at the start of the year is going to be bullish.

I don't think so, maybe it is just your feeling. As you can see, price seems strong at $7k and holiday season is getting near. There's a chance that we might see atleast a little improvement before the end of this year because of that. If your statement happened, then look it in a positive way since you can buy at a cheaper. But seriously we don't see the indication you are seeing. We only see the resistance in $7k. Who knows, you might be right since no one know what will happen.

i believe on what whellscryp said  . since we  are already in the 7k support , its obviously closer to 6k so in no time the price could probably fell down slowly till the exact 6k value or lower than this  but i dont want it to happen iether because im afraid that i could loose my potential profits on my current btc hodlings  . he just said his words normally i dont think that he is scared or nervous about the possible drop   . and what is the relation of the holiday season  ?  holiday or not people can think and act whatever they want  .

There are no more indicators to show us that Bitcoin will go down to 6k$. Bitcoin feels comfortable here so I think it will stay here for a while with bouncing between prices as the accumulation phase still goes on. Look what Tether did today as this was clearly an injection of cash going into cryptos and so far the one who are benefits from this are some altcoins so I would expect a mini altcoin season until the end of the year with some lucky of them going up really nice.

Prepared will be better because maybe speculate bitcoin will be dumped, can help us more aware. If me, when see something like this maybe i will prepare more fiat when i have, to buy some again in cheaper price. But if not, just see and keep to be patient and hold what i already have.

actually, I also see that the price of bitcoin can go down at that level. but, it all depends on the price movements that occur. if the price of bitcoin rises at the end of this year, the price will not touch the level of $ 6k, but if the bear market trend arises, reaching the level of $ 6k is not impossible. however, right now the price of bitcoin is so close to the level of $ 6k, and I see the lowest level reached today which is $ 7100. if there is a small price shift, it can make the price of bitcoin reach $ 6k.

I like that. I am looking at the price action step by step too and that's how it should be, doesn't matter whether it's up or down. My target for now is the $6.5k mark which we hit not that long ago. If we take out that low $6k is very likely.

Some people are actively speculating about $5k and some even lower, but it's pointless to focus on these levels just like how it's pointless to focus on $10k from where we are today.

We don't get 40% pumps in 24h very often. This year's pump was the third in Bitcoin's history IIRC. No amount of technical analysis could have helped you prepare for that pump. It just happened unexpectedly.

Currently there are no.indicators that Bitcoin might go down to 6000$ but that doesn't mean this can't happen. Price corrections are always possible and probably we will experience some more by the end of the year. I'm not saying that the price will go down and stay there, it's possibility to bounce back and even go to 8000$, I'm just saying that is also possibility that we need to have in mind.

No indicators ? The chart looks really bad and the RSI is going down with plenty of space left. On the other hand, the window until the halving is getting shorter and shorter. Could be some (small-term) fireworks from the beginning of 2020 on. Use that tight range for some scalping in both directions.

Are you referring to this (https://twitter.com/whale_alert/status/1204740211319693315) post of whale alert indicating a $40 million USDT print? I highly doubt that it will be used to pump altcoins. More likely scenario is that it is part of a shift from Omni to ERC. Tether in that case prints ERC20 USDT and burns the Omni USDT. Yesterday Tether burned $220 million USDT (https://twitter.com/whale_alert/status/1204489108711759873) so that would make sense.

It's kinda funny how people get excited about Tether printing money while most of the recents prints have all been shifts from one platform to another. No altcoin season. Sorry.

I think if the price of bitcoin reaches below $ 6900 then $ 6000 support might be possible. some indicators do show price movements that continue to decline. so many predictions will fall at $ 6K. You can see this https://bitcointalk.org/index.php?topic=2874360,240 but this is in Indonesian.

It is still possible to go down to the level of $ 6000, because there is a support level there that will be addressed at the end of this month.
The $ 8000 level failed to break means the price will look for a reflection before continuing to return to that level. If you intend to buy then the $ 6000 level is the right price.

I don't think it will go down to 6000, support 6500 is strong enough. like last month's decline which only reached 6500, but if the trend penetrated 6500 it means the downtrend will continue and possibly could reach 6000. The point is whether the current movement can reach 7800, if it reaches a signal the increase is quite strong, but vice versa if difficult to achieve downtrend will continue.

yes maybe bitcoin can go down to $ 6000 because some days bitcoin continues to decline. currently the price of a $ 7200 bitcoin is quite close to $ 6000. but I don't expect bitcoin to fall again. of course I hope bitcoin rises, hopefully at the end of this year there is a miracle that can make bitcoin rise to $ 10,000
bitcoin is very difficult to predict, its volatility is very high.

I think the current price of Bitcoin has not reached $ 6,000. Last time the bitcoin market dropped continuously. I also lost a lot when investing in them. Hopefully, in 2020 Bitcoin will rise to the number 1 position in the cryptocurrency market.

there are at least two possibilities between falling to the price of $6000 or going up to $8000, because when I look at my chart this opportunity is more on going down to $6000. but I think if the price of BTC is still above the price of $7000 for the next 2 weeks, then I am more inclined to the price of $8000 at the end of this month.

https://i.imgur.com/h7TwfYR.png

Still trying to be optimistic despite what we all see in the internet. Facebook and Twitter had been swarming with FUD's lately telling that kind of forecast.
6k is what they say but I don't want it to happen.
It will show a lot of weakness once again.
Analysts out there will make this just another milking cow for the weak heart.
They will tell lies about another pump that will happen and you will pay them for that or they will be filling their videos with a lot of advertisements.

It could happen there is no doubt about that. But the resistance is still high. 7k might be it lowest also, just my opinion.

Same thoughts here. If the Bitcoin remains $7,000 level on the 20th and on wards, there will be a possibility of slight increase up to $8,000 level to say the least before this year ends. But, if we touches the $6,9++, huge possibility of a downward spiral on the follow.
Still, I'm optimistic on the bull as we are getting closer to the Bitcoin halving on May 2020.
Nevertheless, the figure we have right now is a good choice of accumulating more Bitcoin.

Nice TA btw!

Just six months later for bitcoin halving maybe not possibility for bitcoin back down with lower price, under $6000 looks impossible for bitcoin with get many positive respond to support bitcoin on higher price, maybe bitcoin can back stronger with higher price again and give opportunity to get much profit with bitcoin investment.

Of course, even $ 6,000 for Bitcoin is significantly lower than the price today.  But since the market is unpredictable, we can see different scenarios for the development of the cryptocurrency market not only at the end of 2019, but also at the beginning of 2020.  Of course, many analysts express their opinion that Bitcoin can not only rise in price, but also fall, but Bitcoin cannot fall below $ 3,000.  Of course this figure sounds very noisy.  Nevertheless, the fact remains, because the benefit for Bitcoin miners exists only at the level of 3000 - 4000 dollars.  Apparently this is what will support the value of Bitcoin now and in the future.

I don't think there is any indication that bitcoin will drop to 6,000 $ by the end of the year. Because demand is still high today even though we say Christmas day is coming.
I think next year we will see more volitle prices especially as bitcoin halving approaches I'm sure the fuds will spread. And I think the responsible for these fuds are the whales.

The price might go down to 6000$, there is always a possibility for price correction. However, currently there are no indicators showing there will be some bigger price dump. To my opinion it's more likely that the price will stay in current range, so somwhere around 7000$ with very slight possibility to rise up to 8000$ max by the end of the year.

It would be nice if you could provide evidence of what you say, you say that we all see the movements that could indicate that possibility but many people do not see them so it will be nice to know why you believe that could happen soon, I believe we are in a negative trend and that we may see that price in the future but not soon because there is a huge resistance from the bulls that are not going to allow that to happen because it is not on their best interests to do so.

Newbie, why don't you elaborate on what movements you're referring to?  It would make the discussion *so* much more interesting.

Moving on.  I thought bitcoin might drop below $7000 last night, but it hasn't yet and it looks like it's rebounding a little bit.  I would never rule out $6000 as a possibility, since bitcoin was close to that recently and there isn't any bullish momentum anywhere to be found.  But as the new year is almost upon us, I don't think it'll go that low and I do think 2020 will be a much better year than this one was.  At least better than the last half.

It seems that until the end of the year prices will only continue to weaken in my personal view, because in this situation recovery will be difficult to happen significantly so it is not surprising that until the end of the year prices cannot hit at $8k and although there will be a recovery in the near future too at least it will not exceed $7.5k.

Let's say it does go to 6000, It's a completely fine level that historically held strong. Also, this level is sustainable only until halving because right now most miners have to be above 6000 to remain profitable. Maybe some Chinese miners can go down to 5000, that's it.

So what's the worst thing that can happen? We'll go to 5000-6000 range for another 4 months? UUU scarry. I saw the drop to 3000 and held so I don't care.
I'm sure we'll see 10 thousand again this year so have some fiat ready to buy the dip.

Well we have seen worst, $3k for the last month of 2018 and early 2019, so I think we are still good at $6k. But we still that hope in 2020, the block halving, it might go sideways for the first 4 month of next year, but no doubt with so much hype around halving, just a matter of time before we can break that 5 figures again. I think investors are just very careful today, then have their fiat ready for sure, just looking for the right timing to enter the market again.

The price can be more cheaper as long as the trend is a  bearish market. It is expected that the price are becoming cheaper when the market is occuring. If you will use the 200 MA which is considered as a super long term indicator, you will see that the price of bitcoin is resisting in 200 MA. I will only buy if the 200 MA will be a dynamic support to the price of bitcoin and it is a pattern that the bullish market will occur.

The current market condition these days creates fear to the investors that's why we cannot get a good price pump and also the support is to weak base on TA that's why provably we can reach to that $6k and also maybe those $3k price dip happen on 2018 maybe creates another fear and it's hard to find an entry point since the one I see is the falling of the prices that's why for now I will just monitor to see on the best picture of the month to enter the scene.

There's a big possibility that price will drop again, but I don't think it will happen so this month, we might end this year with a price of not lower than $6K and that's a good price increase from its low this year.

I listen to TAs but honestly I believe more on manipulation and the market speculation that could turn the price opposite to any expert's TA.

Market is seem to be going in bear cycle. But the whale consolidation is all time high. Whenever this happens, market can shift to any direction. Since the year end is close, I still have a feeling that market is going to make a surprise move near the new year.
The major problem with the crypto market is that these whales run the market. They manipulate it in whatever way they want. So, no matter what we retail traders predict, market can go in any direction.

The drop comes from a regular trend, it doesnt have to force us down and in theory going to 6k or 5k becomes harder as its bedrock of resistance and support from previous price history.   We have to then judge how strong is this trend downwards.
  I will just look at how much justification there is for the price to move upwards and indications of strength, if we are getting these signs regularly then I begin to have more faith and I hope I'm listening not judging with prejudice.

https://i.imgur.com/LLMjz7q.png

Here is 2 day price average in the blue line.   Its the top bar for pricing, we cannot be called positive really but if we can beat this and hold above then its more reasonable to speculate positively.   This is my stick in the sand to call the tide.

Why would miner profitability determine price?

Those numbers just mean that if price remains below $6K for long enough, miners will start shutting down their operations. Difficulty will drop and it'll become cheaper to mine.

yes it's possible for bitcoin to drop to $ 6000. because these days bitcoin has continued to decline and its current value of only $ 7,000 is close to $ 6000. and I predict in the last days of this year bitcoin will go down again and maybe reach $ 6000. I hope that $ 6000 is the last drop in bitcoin. and then early next year bitcoin starts pumping again.

With the current market, I think there will be a lot of possibility that BTC will be reduced to $ 6000 in the next 1-2 weeks. The current support level of BTC is $ 7000 and it has not yet been broken, but nonetheless I hope BTC can go down again and I will continue to buy cheaply and hold.

As long as there is a negative news at the end of the month or year there is possible that the price will goes down to $6k. the trend of the market are at a high risk that all investor are afraid to invest at this time so every user now are preparing for the worst and getting ready to buy at a very dip. every each user here are enjoying the dip and waiting for the moment.

at the moment I still don't have any views on the price of bitcoin. but I am very sure if the price of bitcoin will remain stable until the end of the year. at the moment I still refrain from buying bitcoin because bitcoin still has the possibility to go down to the price of $ 6k.

The current price of bitcoin is around $ 7,000 and the decline to $ 6000 in my opinion is very close and there is a possibility it could happen before the turn of the year, the current bitcoin movement is very difficult to predict which makes investors hesitate to act.
I hope that the decline in bitcoin will only happen once more and will be an opportunity for me to make a purchase then increase gradually to reach the highest price.

Actually, Bitcoin has recently dropped too much. Causing great losses to those who speculate. Other cryptocurrencies are also affected. Bitcoin dominates very strongly in the digital currency market. Making prices rise or fall depends on Bitcoin.

Most likely we will see BTC at 5000$ in the next few months, Even after halving, the price of BTC may drop. I am not too optimistic about the market next year because most of the old investors have left this market, I am waiting for Bitcoin's final price increase of 10,000$  and will leave it to invest in something else

I never expect that we would go down below 7k for this last days of 2019.The price of btc as of this writing is $6893 on preev.com and still tanking and have minimal movement atm.

$6k price is easy to attain if this drop would continue.I havent seen any news that can possible affect the market but well it isnt a new thing yet these unexpected fluctuations is just a typical day on crypto
but its just quite odd to happen on last days of this year which proves out that theres no such patter than you can rely on if you do tend to look on past price movements.

Do you have any reliable reference to your claim that old investors have already left the crypto market? And what would be their valid reasons? I am not also too optimistic with a big rise soon but I have different reason. Because the market manipulators does not want to have a good price but they want lower price to buy in.

Looks like it's happening, a slow slide down to 6000 and below. Pure manipulation by whales and early adopters, a greedy bunch.

It looks an awful lot like the October decline to $7,300 (before the spike to $10,500). I can't help but wonder if we'll get a similar "spring" off lower lows this time. The entire downtrend since June has been riddled with this sort of choppy price action, running everyone's stops before reversing. I wouldn't be surprised if the market tagged the $6K area but then quickly reversed back to the $8,000+ range.

The bears win, I guess there will be no $10K this year end. I have a feeling that this will continue to go on even after halving. BTC is pretty much being drag to the ground and so do you think this is because of the BAKKT that seem its traders were shorting when in reality there isn't real BTC involve?  I'm curious if this is affecting the market, then there isn't really a safe market right now for any cryptocurrencies.

I don't think the cryptocurrency market is any safe or has been safe at all. It's pure speculation and manipulation.

It has never been considered a "safe" market.  Of course crypto price short term is pure speculation.  Dont read technical analysis for bitcoin and think it will hold true.  As with anything else dont put in more than you can afford to lose.  (Still the most badass market to put money in on  :D)

Bitcoin is slowly dropping and I guess it will drop even more because of holiday season, I think there is a lot of us right now is slowly selling their btc at the moment. As I observe the btc value every end of the year is always at the downtrend and it is just normal with me.

You might need to be a little optimistic about the price of bitcoin. as far as I think, I feel that this month is the worst point for bitcoin. Besides that, I also think that in 2020, people will compete to have bitcoin preparation for halving later, so the price will rise. if there is a potential for the price of bitcoin to fall to $ 5,000, this month could be the biggest possibility.

Poor reaction to moving averages for week and last couple of days, we ended up at previous closing lows of November end :

https://i.imgur.com/WKef1yp.png


A trend repeated has good precedent to keep reoccuring but also at the lows we do have support before the level such as 6000.    At present it does not seem it will reverse or change its negative bias.
   I would actually favour 5000 to 5555 area as an idea if we slip it must find a foothold then to hold as support.

it is and it does,check the price again now https://coinmarketcap.com/ it is clear that we are at 6$k dollar level again.
some says sell?while i say buy.
we are near to what we are all waiting season and that is on May,so selling is not a good idea instead Buying is perfect timing.

There is no option left for a bitcoin holder but to rely on reading charts because every body does it and and fud are stronger when it comes to sending a message about dumping. When they say its price is going below $6k, it will likely to happen because some have to dump in order to buy back and earn few BTC after.


There are users doubting that season would come and they see LTC as an example of what had happened. LTC holders expect halving to make its price to go up but its the opposite that happen which could also happen in BTC.

https://i.imgur.com/cGJ9xIn.png

Big long squeeze or do they know something we don't ?

That is a live Bitfinex btc longs chart vs BTC/USD https://www.tradingview.com/chart/4p3ngrfn/

The price at which the miners need to sell their coins in order to remain profitable has nothing to do with what the price actually does, there have been several instances in the past in which the price of bitcoin was lower than the price it took the miners to mine their coins, however I agree with you when you say that such a drop is not going to impress me at all, because I was also one of the people that held his coins until this point and such levels do not really scare me.

Ok. This chart shows bitcoin going to $3500 by 25 june 2020:

https://i.imgur.com/QCS4KGf.jpg

However, the bear movement is trying to break the lower red line in the chart, which could cause a reversal.
The green line shows where this reversal could possibly happen.
The faster bitcoin price falls, the more likely to have a reversal on the current trend.

but today bitcoin was better than yesterday, bitcoin rise in 3% today. i hope it will be good for begin and not dropped to $6000 altough possible to happen reach that
in my opinion when untill after chrismast and new year bitcoin still stable maybe bitcoin can not dropped to $6000

It is not really easy at all to try to tell if bitcoin is going to reach that price, the bears are doing everything that they can to reduce the price of bitcoin but so far the bulls have been able to resist, but I have my doubts about how long this can last, it seems that each time the price goes down the bulls lose a little bit of strength and the bears can make the price to go a little bit lower if at some point some of those bulls give up then we could see a price below 6000.

Well the support along the $6500 price did held and on the contrary the price went on the direction of $7000. Perhaps the bulls did try to get the market back in hope that we will end the year at the good note. Although we're still up by +75% this year.

I won't see this is a reversal, so just be careful, maybe this is another trap, so just be vigilant and let's see how it goes.

Even though no one could really predict the prices, I'm feeling that it wouldn't go that low. As of now, Bitcoin trades right above $7100 and does not show any sign of going weak, unless another dump would happen (which is either because of a news breaking out or a whale dumping his holdings).

It already experience almost new lows on $6600 and it recovered quite instantly. We can't make good assumptions on reasons why since it's unregulated market. My only speculation is that it would continue an uptrend after this year end, that would continue until months after the halving.

I wouldn't say that Bitcoin should be 6000$ but it might be, that is possibility. I think that some further corrections are possible, however 6000$ could be the lowest level before the end of the year, I don't expect some bigger dump.
At first I thought that we might go up to 8000$ by the end of the year but now I'm not so sure anymore.

Everything is possible in crypto market so i wouldn't take that $6,000 too easy because it might happen even though we see a strong movement of the market yet the unexpected will always happens the lesser we expect.
Price of bitcoin now is standing in a $7,100, I'm amazed it is somehow showing a positive effect despite of the situation of the market.

quite reasonable, meaning $ 6000 is inevitable this month, and could even be lower than described. If BTC can touch psychologically at $ 4000, then the market can be sure to at least experience a strong reversal. I also still see the effects of other factors, especially whether the US presidential election in 2020 can influence speculation for the USD, gold, and also bitcoin in a time that is close to one another.

Your prediction is approximate in recent days, Bitcoin price has dropped to $ 6400 at the beginning of the week and it is currently being traded at $ 7000. But over the next few weeks I'm confident that the price of Bitcoin will have another drop to retest the bottom, if the support of $ 6400 is broken, we will probably see Bitcoin price at $ 5,000.

Right now I am very cautious because the market is not really giving any clear signals about what it is about to do, it's movements are too unpredictable and if I do anything I will be just random guessing, in fact today the price seemed to be heading into a positive direction only for the bears to completely reject that movement, it seems that we are trapped in a very tight range and every time we try to get out of it the price corrects itself really quickly.

If the breakdown will become successful then it is possible to see that the price of bitcoin will become $6000. The market is still forming lower lows and highs and it is a bad sign because it is saying that the bearish market will occur for more time. I have position now in bitcoin and I will cut it if the breakdown will happen but if the price breakout then I will add my position.

Seems reasonable to expect 6000 but the bigger point would be for what duration, 5 minutes, hours, days or months.   Makes a big difference or would 6000 be the new top.    If its a low price and we know the direction after is positive then we dont mind surely, I always have to consider the question as two parts.

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

Lets just go on the wider picture with larger time frame, BTC often tries to shake off the weak holds who want profit not involvement.   Every market sheds its skin every now and again and in order to grow its going to gain something from losing holders not prepared to go lower.   So its fair to expect 5000 not even 6000 because we had that at 2019 year start with the long term average.   I think the 'perfect' run up to a greater price would be lose speculators in this way by submerging to some depth in the chart not just going down a bit.   Usually BTC exceeds expectations, thats my take.

Few months later we faced with bitcoin halving and impossible will make bitcoin down with $6000, how come best moment waiting for with many investor will give bad effect for bitcoin become down under $6000, I think with halving become close will make bitcoin have higher price and not possible bitcoin will break limit with higher price above $16k.

Bitcoin word raped once again.

It is difficult to understand but I guess you are talking about the halving of bitcoin which might make the price go high once again.
There is a possibility for it to happen but the safest way is to not expect too much.

Bitcoin is volatile. We all know that.
But the recent price fluctuation doesn't say so. $6.5k - 7.5k is where it is playing at.
So the price might not really move too much until the end of the halving.

as you see now until now do you see prices below $ 6000, the price of bitcoin still looks good until now it's just that many people are not patient buying it cheap and selling it expensive, are you still trading at the end of this year?

In a six month period, the trend is still going down. So it still can be true until the next halving. The price may be holding but the general consensus is to accumulate as much before the bull run kicks in. So, there might be some who will try to get the price go down to be able to buy more. I am expecting the price to go down to 6K , maybe more.

Now it's too late the price of bitcoin has returned to $ 7300 now, if you buy bitcoin now it will likely rise again and it seems like the market is currently friendly so it is quite stable at prices above $ 7000 are you sure about that price?
Take advantage of situations like this positive thinking will again grow above $ 8,000.

if the price of bitcoin touches above $ 8000 it will break resistance, I think the price will get better next year, but I don't know either, because I'm only a follower of the experts in this forum, I'm not saying about buying cheap, but usually people can't wait for prices bitcoin falls and rises, so I prefer to be relaxed until the beginning of the year to follow market directions

The sideway channel ist pretty strong and yet every move up or down was rejected in a very short timeframe. So guess the low volatility seems to open the possibility for a strong move in the near future (maybe beginning of 2020?).

many people say like that, the turn of the year is less than 2 days away and currently the price of bitcoin is still stable in the range of $ 7k. that means the price of bitcoin needs $ 1k to reach $ 8k, it is very unlikely that the current price of bitcoin will increase $ 1k in a short time. if this can happen maybe most people will think this is a bull.

All I know is that everything is possible in cryptoverse that's why we have to expect the unexpected. We may be seeing a $7,300+ price range today but sometimes with this too much confidence plus the high volatility makes the market a complete magic that would turn the $7k to $6k in just a short amount of time. Or from $7k to $8k. Something like that.

Well what I have noticed from my experience is that if the price pumps over the weekend then it will most probably come down throughout the weekdays. We have just had such pump this weekend so I would expect the next leg to be down, if it will be strong enough then we might break the double bottom that we have formed over the last month and come back down to test the historically important support of 6k. If that breaks, sad times await everyone in crypto...

tomorrow is the last day of 2019, and I am pretty sure that the price of bitcoin doesn't touch the price of $ 6k anymore. however, the price of bitcoin actually stayed above $ 7k even though it was close to $ 6k. to be honest I am also very hesitant to see the price of bitcoin can survive, it's just that now, I'm pretty sure, from January, the price of bitcoin is likely to recover.

Until now, the price of Bitcoin is still well supported at prices above 7000$, but we cannot be sure of anything because the market may collapse anytime. I have seen the price of bitcoin drop to 1000$ in just a few hours and it was really bad. In 2020 I also believe that the price of bitcoin will be pumped and that it will probably start from February or March

At the moment the price of bitcoin is around $ 7,300 and a decline of $ 6000 has occurred in the last few weeks even though it only approaches and only occurs in a few days and then rises again, and I am optimistic that bitcoin will become an Upward Trend in 2020 although not very significant but in will gradually increase.
predictions are not always accurate but positive thinking about bitcoin will trigger us to hold it even if there is a slight increase or decrease will continue to hold it before the price of bitcoin is satisfying, and only patience will give good results and everything will be beautiful in time.

this is as I thought why prices suddenly rise shortly when touching below $ 6500 and why also when prices above $ 7500 always suddenly fall, prices seem to confuse many people and traders, who knows what will happen at the beginning of the year seems to be interesting

Very good analysis, I am not as well versed when it comes to technical analysis but I made similar conclusions some time ago I just hope that the bear market we are experiencing is not as bad as the one we saw in 2018, that year was brutal not only in the magnitude of the bear market but also in its duration, the halving could prove helpful to get out of the bear market sooner than what it could be otherwise possible but if it has no effect we may face another long bear market.

Yea 2018 just dragged on but it was the morning after the 2017 party so it figured it had the sellers there to fuel the fire and price continued down on that weakness.   It would seem that went on too long and the price dropped until it was stretched and incorrect, hence we got a large bounce back in 2019 beyond almost anyones expectations so soon.
    For 2020 I do think its more of a trilogy story, of course people want everything to happen and centre around halvening but I believe it will be more of an ignition point for further price development.  So 2020 is a beginning and we develop to a greater extent in 2021 and 2022 is reasonable to me.   Over that time the price would get higher, I dont want it to burn out like a firework in a few months moving too far too soon.

Bitcoin again below the strong support of 7k$ and looks like it heading towards another bearish trend. The support volume is good but with no proper news there is no way to understand the situation and with that the alts will get hit again.

Bitcoin is testing back the support of $6700. Bulls couldn't maintain the momentum and could take price above $7500. This region is really very critical for Bitcoin and this will decide whether the bulls or bears gonna take over. If price couldn't sustain over the support. Price will easily go to sub $5000. So is not suggest anyone to get into a trade right now. Rather should go all tether for a while until the market take some definitive direction.

I can’t see price decline that makes it to 6k. Since volatility is existing we cannot judge early the market.  No one can actually gives accurate prediction to what may happen in bitcoin. Many of us usually have a hopes in bitcoin that price will surge again.

In fact, the entire cryptocurrency market is full of huge risks for cryptocurrency users and with accuracy, no one will be able to predict the real course of events on the cryptocurrency market.  What news do you expect that may affect the rise in bitcoin prices?  Apparently, everything is already clear that if cryptocurrency users do not strengthen public confidence in cryptocurrency and in the real value of bitcoin, then you will not have to expect an increase in cryptocurrency prices.  In addition, for falling Bitcoin prices, there must also be some prerequisites, which are currently lacking.

No reason why btc will go to 6k levels as new year bring new hopes and rises. Thus, people will also think about making new investment rules for investing in new year and crypto is now on top of the charts for people to invest. Btc is the major coin where people give first preference as least to have slight pie whatever possible for them.

There is possibility that the price of the bitcoin of the bitcoin can drop down into $6000 per each if the bearish trend will continue to dominate the cryptocurrency market. I have cut loss strategy that I keep applying and it is below the support level where I can minimize the losses that I can experience. If the price breakdowns in its current support level, I will automatically let go my positions.

As I am writing this bitcoin is close to reach 8k for the first time since Nov 21, this is a good signal what I do not know is why this is happening now, did something happened that completely changed the attitude of most of the participants of the market or this is just another instance in which the price seems to go up only to crash in a spectacular way and it allows the whales to get even bigger? It will be interesting to know the answer to that question and we are going to find out about it soon.

We will soon find out what is the real reason for the sudden spike in 24 hours. Perhaps some whale is trying to set up for a bull trap, or maybe speculators thinks that this is the right time to invest more as we're getting closer to the block halvening event.

This is a break out run, as the title of this thread, there are so called experts who think that the price will go to $6k, but the opposite happen, we are getting closer to $8k. But just be cautious though, as this might be a bull trap, just saying.

I assume the traders are back from their vacations and don't know what to do with their shitton of money that they made in the traditional stock market. Many expect the stock market to go rather sideways, so what better bet is there than a fresh Bitcoin year with a halving around the corner ?

It seems this growth could be for real, it is obvious that the bears are not very happy with what it is happening and they are trying to make the price of bitcoin to go down but it seems that the bulls are decided to keep the price of bitcoin going up, in my opinion this is not just enough to claim that we are out of the bear market however it is a very positive sign and if this continues during the next days and weeks bitcoin could soon reach 9000 dollars for each coin.

If you are waiting for the price of Bitcoin to drop down to about $6000 before this month end then you will wait in vain. What do you actually meant by positive news that will make price of Bitcoin remain or increase beyond its current level and that if such a thing didn't happen the price will move down to your said amount before month end. Am of the believe that positive news or not Bitcoin market value of will not drop down to $6000 before end of this month.

While I have a very strong belief that the current growth that we are experimenting cannot really be sustained I do not really think that we are going to see a price of 6000 dollars at the end of this month, if you are lucky you could see a price of 8000 at that time, however you should not short the market at this time because if you do it you're going to face a huge risk if the whales decide to move the price in a positive direction while you believe the market will go down.