Bitcoin Forum

For last 6- 7 months btc price was around of 7.5k$ , now this support level is no longer, that mean btc is ready to dump hard.

Possibly or possibly not.

This is crypto and every price indication is possible and every support won't stay for long. We can see a dump soon or pump at any time.

Yes, we really don't know what the future brings, so maybe, maybe not. No one has the crystal ball here.

We have seen support broken at certain levels though, so there's no surprise here. We have been trading sideways @$7-$7.5k, so probably just a break out below that, but I'm sure we will bounce back. I haven't check the news that cause this dump, so let's see if we are heading to $5k or will it head back to $7k.

this might happen soon as there is no sign of bulls. If btc will drop $5k  it will be good cause it will eliminate all the scam projects, projects that is only alive because of thier star founder, but the truth thier project has no use cases just a pump and dump coin.

Expect it that the news will cover again this small dip that we've got.

The price that went down a bit from $7,000 to $6,900 is already a cover to them but it's also them again that will find a reason to attach this motion that we have lately. And another opportunity for those who are saying that they are waiting for bitcoin to go under the price of $7,000. These swings became normal to us so yeah, no longer a surprise.

it looks like whale has come and will take a correction now somehow maybe this condition will attract the attention of the public regarding halving too ,but I would not estimate prices to fall at 5,000 of course there are reasons that other investors might maintain resistance at 6,000-7,000

Are you one of those people who thinks the price of Bitcoin is always
going lower?

the people who dont buy now but wait for $5,000 and if it reaches that dont
buy in the belief it will go lower again.......and when it goes to $9,000 complain that
you should have bought it when it was $7,000

Anyone can post their hopes or their fears, but the post is worthless without any supporting analysis.

You need a supportive analysis to validate your hunch. Please describe in detail your thought process...

We know that current situation about crypto market because it is really bad now. maybe anything can possibly  in crypto market but I hope that Bitcoin price never going to back 5k mark again.

I don't think so , https://www.bitcoinblockhalf.com/ 13 May 2020 21:19:53 Bitcoin halving day.
This is good news for Stake holder bitcoin because reward miner cut 50% .

Am I alone here in not putting any faith whatsoever in these so-called support levels?  They seem like random numbers chosen out of a hat, and I've seen enough instances of prices crashing right through them to realize that they really shouldn't mean much.

So bitcoin started off the new year dipping below $7k, big deal.  It isn't like it was in the $8-9k range previously; bitcoin was at $7200 just a couple of days ago.  No need to (or justification for) start calling out lowball price targets just because of this.  This is just normal market fluctuation, that's all.

There is small marginal drop in the price. This might continue for a short, or it can be just a fluctuation. Just on falling low to $7000 we doesn't need to loose hope that it has begun to dump hard. Even if there happens something likewise it'll easily pump back. From what I see it looks like the market is getting ready for pump to $9000 - $10000.

He might not be one of those fellows but certainly just looking at the glass as half-empty is just one side of the story. Specifically predicting how BTC can be behaving in the next few days is a risky business. As what they are saying, one's opinion is as good as mine. We know that BTC can be an unpredictable beast. I am sure this has not been the first time this happened nor will be the last, so we just have to take a ride with the pullback and enjoy the moment when it is surging. The roller-coaster is getting ready buy your tickets now for a very exciting ride of a lifetime.

I agree with you op before bitcoin halving day arrives there will be a big dump. and maybe bitcoin will go down to $ 5k. and I also think this is the work of the popes who want to make the price of bitcoin go down and they can buy more at a cheap price. the big bitcoin traders will definitely try to collect more bitcoin so that in the future they get a big profit. we as small peddlers do not need to panic stay and hold until bitcoin bull run again.

oh no, today I see BTC at $ 6900, last year's closing does not guarantee that Bitcoin will rise. I hear people say, if bitcoin stays above $ 7,000 until the end of the year, then the next bitcoin will go up. but today is different. bitcoin is falling again. I hope it won't go too deep.

Many are hoping for that situation however there is no strong indication that we could go that low. Whenever price goes up or down, some traders can always take advantage. This correction is not different from BTC’s previous behaviour.

BTC drops to 6k again and now people are pessimistic about it jeez. Bitcoin has dropped to 6k few times already last year, 3-4 times Iirc? And it has always made a comeback. The drop always failed to break the major support level and BTC has experienced rises everytime a drop occurs. Id suppose traders are actually just waiting for the 6k drop before buying coins and that's why it has always failed to break that level.

It did stay though? A drop of $100 is really nothing to panic about. Like, really, if Bitcoin suddenly dropped a $1000 dollars, THEN panic. But it seemed to forgot another 0 and has only dropped a bit.

Oh yes, we dropped off from 7.5k and has now went to 6.9k, yes support level now gone yes $5k soon. Really? Ever heard of market fluctuation? Also, were you not on Earth on Nov - Dec 2019? BTC literally dropped to even lowers then but has managed to comeback to 7k and above. There really is nothing weird about that, its just the market moving. What? You expect Bitcoin to always go up? Haven't you stayed here long enough to know that Bitcoin is a volatile market? Just wait. Market should come back to bove 7k sometime sooner. I see absolutely no reason for it to actually drop to $5k, without anything negative happening anw.

I am not sure Bitcoin will go to the low level of $ 5000 because currently it is still $ 7000. It is quite difficult to guess the price of bitcoin right now because the fluctuations continue, this is the initial price with a low price but think positively about the next few weeks we will see a good increase, never mind. do not make speculations about the dump because there will be many people panic about this.

I think the bears are getting weaker as it tried to break the support range of $ 6k5.  Now is the time for the cows.  Last night the price also tried to break out of the $ 7k zone again but the result was a failure.  Therefore, the growth will soon return and this is a good time to buy bitcoin.

If BTC won't break its current trend, We might see $6000 before halving and worst after halving. BTC showing some bounce back but not sufficient to defeat the bearish trend.
The only thing that makes the Bitcoin price pump/dump is the orders coming from traders and not news and some speculation. So being positive will not gonna help to break the trend.
We need something big update that will make traders buy back again that will result in reversal.

Tip: Keep an eye always on Doji in charts so that you will be aware of the big moves in crypto.

Either way because theres no such thing about precise prediction towards this very volatile and unpredictable market.It can dump nor pump without knowing it.
$5k is most likely to happen unless if there were negative news that floats around or a catalyst that would drive the price down.It isnt really necessary though
yet price can move without these news.So its still an unsure thing, as a trader or investor you should prepare on what would be the things that lies ahead.

calm down, a little while ago the price of bitcoin was below the level of $ 7k, and now the price of bitcoin returned to the level of $ 7k. it indicates that people know that prices below $ 7k are low prices and are also an opportunity for investors. it's still the beginning of the month, so there's still a big possibility that bitcoin can go up in the following week.

If BTC price dumped hard. I will hold it then, actually simple for people who already decide to hold for long term. Because if easily to get panic we will  get affected by post like this. Although maybe OP only want to warn us to be ready for it, i think it will only happen temporary and then pump will come.

If that really happens, I am sure that many people will prepare their money to buy as much bitcoin as they can because they will see a big discount that occurs again. I will join with them to buy more bitcoin too because, after that bottom, the price will increase higher, so we have a good time to buy bitcoin. We know that everything can happen in the crypto world, and only with preparing for everything that will happen, we can survive in hard situations and conditions. So before it's happening, it is better we set everything before we are too late to do that.

Care to expound your prediction why BTC will dump and drop to $5,000? You should know that with BTC, the price can drop $5,000 at any given time and it could go up to $20,000 at any given market conditions. But the question always is what will trigger such movement? Is there any major exchange that's going to be hacked again? Another regulation that will be imposed that will effect majority of the Bitcoin holders? Give a reason and not just a statement.

See the price of Bitcoin has gone up again to $ 7200 + and there's no way bitcoin will dump badly to $ 5,000 it needs a strong explanation why do you say that, and I think this week is pretty stable at the price of $ 7000, bitcoin will stay with current levels and need a process too for the pump we must hold until this is true the conditions have begun to rise.
Do not take too many conclusions that are not clear it will lose for you.

@alexey14 do you have any stats or research work to back your statements, if not then you should first focus on researching about bitcoins prices before you assume it’s prices will crash. I’m not sure by what do you mean support wasn’t there because Bitcoins prices rallied from $6200 to $7500, hence support was there for bitcoin prices and it won’t fall beyond $6k anytime soon. Also with the halving event coming up this year Bitcoin prices shall shoot upwards, and we shall witness a massive rally so you may want to buy bitcoins on every dips.

https://www.coindesk.com/bitcoin-may-see-november-price-boost-with-halving-due-in-six-months

I think it will never happen in this year 2020. Over the past few months BTC has consistently shown negative signals, and its price has continuously dropped after reaching 10k $ . But until now, the price of bitcoin has remained firmly above 7200$ and it is the best support area of Bitcoin so far. If the price of bitcoin is unlikely to fall below 6500 $, I believe bull run will start this year

I agree, one persons opinion is as good as the next, but I wouldnt be willing
to hold out for unknown events, it is easy to miss a current opportunity.

The market has been hovering at its current price for quite a while, im happy
and have been buying.

$ 5,000 has passed, we will not see it again this year, especially soon halving has come,
$ 5,000 I think is impossible  ;)

We can't stop any negative speculations coming from these people, because it's always a part of bitcoin's growing community. Although we're having the positive approach towards future good increase, it doesn't give us the confidence since we're still experiencing the recent downturns. Panic can be managed somehow, but with uncertain opinions it might be exaggerated.

We look to the future, don't look back, because in my opinion it's gloomy and there is no need to look at bad history, bitcoin has been pumped back, but not much, but I'm sure this is the starting point for bitcoin to jump higher and I'm sure demand will increase in a few months ahead let's wait for bitcoin really.
A price of $15,000 will be reached soon.

& 5,000 would break serious support lines and would be really bad... ^^ But the chances are higher for a break out to the upside imho.

It seems Bitcoin will really hit 5k USD before making a good jump. Though it will hurt many people but honestly, I really want to get BTC at 5K USD! Because all we know Bitcoin halving is coming just after four months! I don't think there will be another time to get Bitcoin at this low price.

hahaha, i guess Bitcoin is nor more dumping but rather pacing up for another short bull run up to $10K. One thing that i have learnt about the path and trend of bitcoin price is never to conclude on a big dump once you see price starting to drop. Sometimes whales who use bots to trade can play on this behaviour of newbies so that they get to buy them from the newbies.

thats what you believe but that is not will going to happen,bitcoin is in the move to the top now and this is starting today.
from below 7k$ last night bnow it runs $7,300 again and continues to go up again so basically we are not pulling down to 5k$.

2 times dump and support at 6500 is quite strong, even after falling to 6880 bitcoin has now recovered to 7300, we see whether support 6500 will break, it might happen to 5000 but for now what will make bitcoin soon to 5000?

I don't want to see massive dump if I would be honest. But this is nearly possible if it doesn't even pump at $8,000-$8,500, then we can expect dump below $6k. However, we can't really say. Even technical analysis isn't precisely correct with unexpected sideways. Anyway, I am so excited with upcoming halving, this just means price spike though.

Anything is possible and in bitcoin, it does not need any reason, sometimes it just happens. Remember mid-2019 when the price is 3500 and the price suddenly jumps to 7k in a few weeks and continued to 12k before retreating back to  7.5k after few months? The reverse can happen if it keeps testing the support.

$5000 is just waaay too low for bitcoin to fall at this point, we are getting closer to halving very soon and that means there won't be as many bitcoins being sold on the market as it used to be, I am not saying price will skyrocket but it will be a lot more difficult to sell bitcoin since there will be less of it, think about all those times when $10k bitcoin sold on the market all at once destroyed the market, well miners make that in 12 days so they had the power to drop the price whenever they want to and that will be gone very soon.

Hopefully, tho we will get bitcoin movement upwards but even if that doesn't happen $5k would require a lot more help for miners since they can't do it alone. I would say going towards $10k is more likely than $5k at this stage.

Well it just increased from the last day by +5.97%. I don't think that bitcoin wouldn't drop below 7k but the thing is it is still going through 7k till now that it is quite hard to say it would go down as early as now because we are just in beginning of 2020, and market are just taking the pace. Might be taking another month for btc to drop down, kinda think so.

I'm not sure what you say bitcoin will experience a dump, in my technical analysis for the 1D time frame, the $5000 support didn't exist until the end of January. if that happens maybe not this January. while the weekly timeframe for the Parabolic SAR indicator is slightly above the candle around $8100, which may be achieved in the near future. and there is a hammer candlestick, as I learned it is a sign of a bullish occurrence. so in my opinion $5000 won't happen anytime soon.

Nobody wants to see a massive dump. Maybe Bitcoin haters do, but nobody who remains here in the space. Most if not all of us have some bitcoins and dumps are always a painful thing to watch.

Technical analysis is never precise and as many times correct as it is incorrect. It all depends on the analyst. Known analysts like Dan Morehead, Tone Vays, Tom Lee, you name it, all of them were wrong somewhere in the last 2 years. Some more than others ;)

In my opinion, as long as price is below $7,300 the bias is for short trades. sellers aim to turn the $7,100 support into resistance and then target $7,000 level. Crossing that shorts will target $6,800. There are signs of bear exhaustion but have not played out yet. On the other hand Buyers are trying to impose a bullish momentum in the very short term. As long as the price remains well above 7,300-7,350 USD longs will be targeting the resistance at 7,450 USD followed by 7,500 USD. most signals given by moving averages are bullish now.

The support level is quite strong despite of the recent drop it still took its way to rise again with the stable price of $7k range. So I don't think we will see that $5k within this month but if the recession will continue then we should expect that there is a chance that we will see that $5k in the future.

I highly doubt that. The correction from $13k first stopped at $9k and then it was stopped by the support of $7k. After that it got tested many a times but couldn't be breached. So I am guessing that the volume at this support is strong enough to keep the price above $7k. $5k is not happening anytime soon.
I am expecting the price to go and touch $9k before anymore correction. If it gets the volume support at $9200, it can very well touch $13k back again.

Just upon the sudden drop in the price below $7000 everyone believed there'll be big crash to come by the falling days. To the expectation the price has increased much high than the point from which the fall in price got initiated. What's been happening with the market is quite common in terms of growth. The support level getting broken is just a pathway.

You see green on one day, then you see red in the next three days.
So how can you say the price is not going down? Even if you dont want it, the market is showing otherwise, and analysis should be based on facts, not on what you want.
If it was by me, bitcoin would be 50k already, but its not, because we are in a staggering bear market, which is posed to last 3-4 years at the minimum.
The market is manipulated. Bitcoin technology is great, but the market have all the characteristics of a ponzi scheme, and the price is determined by the few whales who happened to hold since the early days.

So lets be real here. Every day I see lower highs, so its clear the price is going to dump hard. Right now is pointing to 3k, and can go as low as three digits if no new money comes in. Very possible to happen.
Also read the opinions of sgbear, who is a authority in market prediction. He called the top, and predicted 2k by 2021. For this reason, I'm not buying until we see the bottom.
DCA? Useless strategy, when you know the price is going to dump hard. Just hold your money until we see 2k by 2021, but it can go even lower than that. I believe we are going to see 1k before it, and 2k will be a recovery. It will take 5-8 years for bitcoin to go back to the previous ATH. The bear market is endless. That's why it is a bear market. Get used to it, because the only way is down.

Are you sure about your guess, what makes you believe that there will be a hard dumper, how much money do you have to buy it below? why not bet here?
I am sure many people will take it when under $ 6000 and even everyone is waiting for the current time, support can just come suddenly, just wait for a moment of surprise to come

I also do not doubt that. at the moment I am more optimistic about the price of bitcoin. rather than worrying about falling prices, I am more focused on preparing halving, or ethereum 2.0
however, the price of $ 5k could be glazed, but that needs to be a cause and currently, there is no cause, or the potential to see the price of bitcoin drop. I am of the opinion that the bitcoin spirit will rise little by little at this time.

It's not pointing at anything! You can try to be smart and draw a line downward sloping line on a 1d chart and it will tell you that the low should now be at 5800 and at 5k in February, and then 3k in May. What will that really tell you? Nothing. you can also draw a line on a 1w chart and it will tell you that if we follow the long term trendline we'll be at the low of 8k in May. What's more important? The last 6 months or the last 10 years?

It is pretty much possible but at the same time we need to understand the reason why there was no dump during Christmas and new year which happens every time. I feel market will not be stable as either there will be pump or dump because we have already witnessed a pretty stable market situation in 2019 but since we have bitcoin halving this year we will see a lot of fluctuations.

I'm pretty there's a slight dump during that time although it's not that noticeable but that's enough to think as a dump. From $10,000 to $7,000 is a dump for me though it's kind of advanced dump but still it's a dump. :P
And now we're lucky that the price become more stable than what I've expected.

Anything can happen in the cryptocurrency market, but I think that the possibility of bitcoin returning to the $ 5k mark is very unlikely. Until now I don't see any reason why bitcoin's price will drop to $ 5k, perhaps bitcoin will be traded at 7k ~ 7k5 in early 2020 and increase by the end of 2020.

If you said 6000 I'd agree but 5? Some traders are saying that low support is at 5600 but 5000 is not an important level. If we dip to 5500 it could maybe support the price but most buyers will be ready to enter at 6000 maybe 5800. At 5000 those who wanted to enter earlier will have entered already.

We should be at least at 7 now because 6 was a strong support a year ago and we are in a growing market. Hash power is getting higher and higher, the network is much stronger than it was at 20 thousand and we aren't even at half that price.

Tbh, even I thought were going to see $5k last month, but I was wrong and it's proven for how many times since last month up to now that support at $7k is strong. Look at the past few days, we've dropped hundred of bucks but goes up again above $7k. If $5k is really possible, it should have happened last month where in it has the greatest chance because of holidays, people are selling to have some money. If $5k won't be seen in February, maybe the chance of seeing it became lesser.

As for my analysis, the current price of the bitcoin is at around $7400 per each and the 20 moving average and 50 moving average are now became support of the bitcoin. The price of the bitcoin will only become $5000 per each if the the 20 moving average and 50 moving average will strikes down because those 2 moving averages will become resistance.

Lol. It can go down to 5k without any significant reason. It did so a lot of times. The fud and anxiety factor can't be removed and once triggered, the price can again snowball to even less than 5k. The thing is, so what? We've seen numerous times that bitcoin rallied at a certain point during a dump. 2019 is proof that bitcoin will recover even if it slides below a feared price.

maybe and maybe not, we're just speculating so this is not a certainty that will happen like the sun rises in the morning and set in the afternoon

Bitcoin is a volatile platform so some peoples are think it will dump constantly in further days. But I am sure it raise slowly upcoming days and current market also green so no one concentrate the next dump. You are right sun rises in the morning and it will set in the evening, but we know it will always stay in same region and it will control the entire planets.

We're at a tense stage of the political situation in the US and Iran. And most likely this is the catalyst that will help the cryptocurrency and gold markets grow in the near future. I don't think we're going back to 5000$ this year, the price will quickly increase because of people's needs during the crisis and the upcoming halving event. In addition, Bitcoin is still very well supported at $ 7000 and currently bitcoin price has reached 7500$, a great signal for this market.

You need to show these to the whales so that they will dump the coins and will help you in entering the market right now  :P. If there is a really in bitcoin we might see a cooling period other than that to think that the price would go down to $5k is highly unlikely and even if you see the current trend whenever the price goes down you will see huge investment coming in and the market recovering in a short of time and that trend will continue when ever the price goes down.

The support proves to be strong again and again. Yesterday Bitcoin hit $6800 and it bounces right away to $7300. Do you have other reasons to be bearish?

Don't get me wrong, I would like to see Bitcoin goes back to $5000 or even cheaper because I will get to buy them cheaper. Last year I bought a significant amount in February when the price is around $4K-$5K and it turned out to be a very good investment! Even by now, the ROI of that buy was still 80%-ish. I'm planning to buy another significant amount around next month.

It looks like the Bitcoin price has support again and is coming back to $7500. I think this is the end of whales trying to lower prices and now the consolidation period will begin. I don't think we'll see the $5000 price again in the near future. But the dump before halving is still very possible.

It possible to see the real bottom but i hope that whales will aim for a higher price now and i hope the pump will start to begin. $5000 for me is too much after the pump from $3k - $13k, we have to wait and see the price at the end of January to confirm a new trend.

Iran and US war tensions still do not have long-term influence on global speculation.

Panic transactions are evident in localbitcoins related to this, but do not raise prices globally. In a separate analysis, $ 6k has entered a psychological trend and if it falls deeper it will return to a range below $ 5k, I still analyze that sentiment will be stronger in the final months of the first quarter of this year.

It would be nice if BTC will not drop anymore that low, otherwise we will start over again and the amount of FUD would be enormous again.
IMO, the market has already dip and people have already matured that they won't easily panic anymore, what I am hoping to see this year is an improvement towards the halving and hopefully this will have a positive effect in post halving too.

The market went already many times below $7k, so lots of opportunities for the weak hands to fold. Maybe there are no weak hands left anymore ? Real panic would probably start below $6k, but that is a long way to go a few months before the halving.

I'm not sure bitcoin will dump. because since the beginning of this year bitcoin has continued to increase and currently the price has reached $ 8.5k. if until February bicoin continues to increase then it is likely that bitcoin is repeating history. bitcoin will continue to rise until bitcoin is reduced by half. if we look at the bitcoin graph in 2016 bitcoin continues to increase before decreasing by half.

Yes indeed bitcoin is currently increasing and it is likely that there will not be a big dump this month because the movement of bitcoin is so fast even though there is a lot of news that bitcoin will drop to the price of $ 5,000 that's just nonsense.
This is a good start before halving happens and I am sure in the next few months bitcoin can reach $10,000.

I believe you only take into consideration the technical analysis of Bitcoin without considering the fundamental issue that may influence the price of Bitcoin in a positive direction. The issue of the United States of America and Iranian government was a very big fundamental issue tueat change the technical trend of the market situation of Bitcoin. This should be a lesson for you, always consider both technical and fundamental analysis so that you can make an informed trading decision.

it looks like your prediction of bitcoin prices is really a hard dump up to above $ 8000 now, is it possible that there will be another hard dump up to $ 9,000, hopefully a hard dump will be above $ 9000 soon so there is no more pump at $ 5000, lol  ;D

now it has been proven that a potential pump really exists. the increase in the price of bitcoin above $ 8500 is pretty good at the moment. other than that, I think at the end of this month, the price of bitcoin could be above $ 9000. however, the dump signal is not yet visible, so utilizing this moment is very important.

He must checks bitcoin price on exchange market right now because have raise above $8,500 and never possibility for bitcoin back with lower price $5,000, how come bitcoin have been in higher price could down to lower price and  close with bitcoin halving where giving way to make bitcoin have higher price again, just good timing when we can invest much money with bitcoin right now.

Looks like the forecast is curat right with predictions it will dump badly to $5,000 lol.
It seems like many are happy with the rise in bitcoin because it will face halving prices have gone up again, meaning that many investors are coming in and want to start ny again, hopefully this is a good start in 2020.
This is the initial pump that many believe about further increases.

Bitcoin price is very hard to predict. It's just another example just 12 days back OP lost his hope (I don't know whether dumped)  by thinking it will go down below. But now bitcoin is $8500 and has broken a major resistance. Now it may rise upto the $9k mark.

yeah right,just kindly check this movement of prices now

https://coinmarketcap.com/currencies/bitcoin/

so you can prove yourself that Bull is starting to cover the market untill the May halving happens,so stop your Fud and wait till it happens.

and besides if Bitcoin fall to 5$k?then i will buy more simply as that.

It could drop to $5k but not now because bitcoin is again bullish, it's already trading at $8690 high in 24 hours and this really looks good compared to its price in the past few days. Most of us thought that BTC will be dump again after it failed to break the resistance but it was able to bounce back, the high this year was $8500 but we have a new high now.

I think you're sorry when you see the current price increase, and it seems like the increase will continue. to date, the price of bitcoin is quite far from the price of $ 5k, and even close to the price of $ 9k. I'm pretty sure tomorrow or next week the price will be around $ 9500. don't make your mind make you not take advantage of this opportunity, buddy

I think nobody thinks that the BTC price could drop by 50% in one day, but it's very likely that before halving we'll see whales trying to lower the price. A lot can happen in a few months, so don't be so sure that $5k is not possible at all. Many similar things have happened in the past.

anyone can speculate about the price of bitcoin in the future. but it is still the market that will determine. these two weeks bitcoin has continued to increase. I am optimistic that bitcoin will continue to rise and we will enter the bull market because when bitcoin rises all altcoins will alsoexperience an increase. and if bitcoin is dumped again I think the lowest point is not $ 5k but $ 6k. we wait for what will happen next.

Support is still there very strongly, I don't get why you are considering support is gone, that 6.8k level of support is very strong and standing there plus all the millions of dollars of sell orders in between that as well, I know its easier to go to 6.8k and its harder to go down under that but its still better to be at 8k+ levels and have fear of going under 6.8k compared to being at 7k and being fearful of going under 6.8k, all that in between is very very important for us.

In the end I feel like people just want bitcoin to fall, they are not really comfortable with price going up this much and not going any further up or not going down, like they want it to do something and doesn't matter what as long as its something and easiest is always selling.

Bitcoins price trends tends to play around 1-3% gain starting this year. Since you suggest that the support at $7.5k are gone and the price are ready to dump, take a look at all the current trends of the major tokens. You can notice that BSV is having a whopping 40-80% increase lately. What I see is different, the whales are slowly preparing for the next halving accumulating now is better than crying over spilled milk later.

We can not avoid any negative speculations from these people because they are always part of the growing community of bitcoin. While we have the positive approach to future good growth, it does not give us the faith as we are still experiencing the recent downturns. Panic can be treated nonetheless, but it may be exacerbated by contradictory opinions.

Another speculation gone wrong the price of bitcoin had been very bullish since the beginning of this year the support had been strong thus rejected the price at that level or zone, thereafter the price had been pumping with a minor pullback or retracement some analyst attributed it to the increase in hashrate invariably the price had defies your speculation.

Conclusion: This proposal gives us full evidence to state that bitcoin will be 5K again.
Cmon man, it's not correct when you create thread and leave it with one proposal, at least write down arguments why it will hit 5K, make analysis of price prediction. Seems you hang on every fact and moment that's happening around bitcoin, for example upcoming halving. Can you clarify what kind of support was in last 6-7 months? I think none, we just wanted to come from lowest 3K and did it, then there was huge play between  7k and 13k price range. Is this something new for bitcoin? Haven't you seen such situation in past?

It seems to want to spread fear but it's not in place, BTC is getting stronger every year so don't dream of seeing the price of $ 5k again, for this year which is full of positive activities that occur I am optimistic we will see the price of BTC past $ 10k.

I think you should be even more optimistic, my friend, now you see that the price is almost touching $ 10k. however, you need to believe in good information and don't worry too much about the FUD out there. think about your own speculations about this with the information you got. I'm pretty sure that if you think like that, the worst thing you might do is sell all your assets for fear of your own thoughts.

The price has gone low to $3400 during the previous year same month. Further the growth started to increase slowly from the second quarter of the year. This year the growth has already started, based on which I believe the price won't fall low to $5000 by this month. Mostly the price can reach $5000 after the days of halving.

It looks bullish trend now are more stronger this year, today we already touched $9000 while price is down a bit but it will surely touched again.

What next for btc? we don't know but as this continues to be bullish, next target will be $10,000.

This article is interesting an scary.

https://cointelegraph.com/news/bitcoin-price-could-rally-to-9k-before-a-massive-collapse-heres-why

if we look at the current market it looks like the bears have gone from the bitcoin market, prices don't go down too far, but I'm not proud of that that bitcoin prices have to be a little downward correction to jump higher in the next few days, not necessarily too quickly touched the price above $ 9000, the price of bitcoin has touched $ 9000 a few hours ago, still see if the price will continue to bullish until the end of January, see it next week

I was out the whole day, just came back night time here and was surprised to see the price picking up again and inching closer to $9k, how many weeks do we have that we are in the positive? I think this is very similar around February last year where we posted like 10 weeks in a row and then pushing the price to $13k around June. But we all know what happens next. Are we in the same trend now? Hard to predict, just because halving will be in May of this year.

Till now in my entire experiences I never saw bitcoin that down in price because bitcoin is not normal Altcoin but it’s an asset that people store to get their dream come true. Don’t know about the future but yet the price of bitcoin is not that cheap and according to its potential, I am sure this is fake news bitcoin will rise high and high right now the price is heading $9k and expected to be $20k above this year.

Well, it looks like this market is completely opposite of your predictions. Now that the price of bitcoin has broken down of $ 9,000 and continues to go up, I cannot see any opportunity for bitcoin to go below $ 5000 again. You made an analysis without any evidence, and it was completely worthless

After breaking the falling wedge finally bitcoin have a high chance togo back to its alltime high I dont think if bitcoin will be back to $5k level since we are near to 2020 halving and peopl including investors are so tired to this bear market.

The bear market is still here and we are not yet completely out of it, we need to wait for Bitcoin to surpass $ 13,000 and then we can smile and believe that the bears have weakened and  the bulls market is ready. It will be very difficult for us to see bitcoin going down in the near future because this time for the entire market Fomo , the price can only go up and go up.

Is the statement based on the right analysis? the truth, the price of Bitcoin is unpredictable. up or down based on the interests of investors/traders. But after experiencing almost 2 years of a bear market, of course, everyone wants the price to recover. there may still be a correction but we never know how deep the price dump is.

This post is proof that we should not listen to prominent prophets who will give their predictions about what will happen to the bitcoin price.
It's $ 100 and the bitcoin price is up to $ 9,000 and your guess seems to be reversing.

There is no analysis of his posts. He seems to be a prophet in this market and makes unfounded claims. This is one of the evidence that helps us not to trust others in this market and we should invest in our own experience instead of listening to others. Also we have been in the bull market since 2019, the bitcoin price has risen from $ 3,000 and now it is being traded at $ 8800, not too bad for everyone. And we will not see Bitcoin fall this year

This will happen but the possible chances is not that accurate or it is a small chance to happen. at this moment the chart is still up's and down's and nothing is changing yet, although in the past days the price is lifted and It's just surprising that no news is happening and people have no idea why it is rising. or it is just manipulating? we didn't know. best thing to do now is all our prediction might going to happen, better to be prepared.

Either way because theres no such thing about precise prediction towards this very volatile and unpredictable market.It can dump nor pump without knowing it. $5k is most likely to happen unless if there were negative news that floats around or a catalyst that would drive the price down.It isnt really necessary though. Yet price can move without these news.So its still an unsure thing, as a trader or investor you should prepare on what would be the things that lies ahead.

Just because the Bitcoin price is now at $9000 does not mean that the trend will not reverse soon and the price will start to fall to $5000. We have seen very hard price drops in the past many times, and until halving, whales will definitely want to drop the price as much as possible.

Not sure if your forecast will come true. There are no prerequisites for lowering the price of bitcoin. On the contrary, I believe that the price will rise. Most forecasts also talk about this. This will probably sound too optimistic, but I believe that 20K is not the limit for bitcoin. And sometime in the future, the price will be higher than that.

I think this speculation can not hold any tangible fact based on the upcoming halving and the movement of BTC now, I can see everything is turning bullish for BTC and we might likely touch the $10,200 range after this minor correction

The post was on January 2 when the Bitcoin price was around $6,900 and was strugglin to reach the $7,500 level. So, the OP's prediction might have certainly happened but it goes the other way around as we can see the price continued to progress touching $9,000 level, though the price back up a little bit today.

since 7 January to 19 January yesterday bitcoin has continued to increase. yesterday bitcoin reached the price of $ 9k but today the price of bitcoin fell again to $ 8.6k.
maybe it's time for bitcoin to be corrected but i think the value of the fall won't be $ 5k that's too low. maybe if bitcoin is dumped then the lowest price is $ 7k.

Well apparently it didn't reach that level and as you've said, we've sailed way past that point now. What everyone's looking at right is the coming halving this march. Funny since the price movement could go both ways after that. This talk of 5k may again resurface if after the halving the price dips instead of moving up.

This was all predictions and assumptions. This has no difference from assuming that Bitcoin's market value will be again breaking records. The market value of cryptos not only Bitcoin, is quite showing positive marks at this moment but given how volatile the market is,  there's no total assurance of what could happen as days are passing by. Much better if people would be depending on the reality than to make speculations that could result to hasty decisions.

yep, basically when this thread was created the OP predicted a fall in the price of btc and it was almost true even though it didn't touch at 5k. not long after that the price continued to rise to 9k, and today it fell again. the usual thing that happens.

Appears if before halving it turns out there was a massive dump carried out by the big whales or maybe afterwards. certainly in different threads with the same topic haha.

I was hoping the same price yesterday but after re-check the chart and see it went back from above 9K to below 9K I can't say we will easily see Bitcoin over $10,000. However, to down to 5K USD is quiet impossible for now.

Currently, bitcoin is supported at $ 8500, so it is unlikely that bitcoin will fall out of this range. The price will definitely return in the next few days and it will try to go up to $ 10,000 in February, but if the market worsens then bitcoin could go down to $ 7500. That's the lowest price this year that I think BTC can go down, $ 5000 is too ridiculous