Bitcoin Forum

Why are many online price forecasts saying BTC will dip to $5k before the halving?
Do you predict the same too?
I'm not a pro trader, just asking out of curiosity

You should learn to analyze and do your own research, don't be easily influenced by other people's predictions, no predictions are 100% accurate, everyone will have different opinions about bitcoin analysis, in my opinion maybe the price of bitcoin will go down but not up to $ 5,000, in the 1 hour chart bitcoin shows a downtrend, but in the daily period the price shows an upward trend, You must do your own research, don't be influenced by other people's analysis including my analysis.

Well the fact bitcoin already fallen to $8000 while it was reached $8400 few hours ago. Not sure bitcoin would dip until $5000 (what's the reason?) But the one i believe is, bitcoin would be start to rise after halving happened, approx in 2021

No it’s too late for that. We’re too close to the halving for a drop that low. When the mining reward gets cut in half the value should increase to compensate.

No one knows what will happen. Their forecast depends on their own criteria either chart readings, speculations, and news.

Going down below $5,000 always has a chance to happen. Looking for at least a month's performance, we saw bitcoin price fairly withstand any hard dump at around $7,000+ so we can say that on this range, we can considered that floor as a resistance level.

Anyways, since you mentioned "big rise", don't expect much in the upcoming halving so you won't be disappointed. Just do your usual accumulation so that in case your expectations won't be met, still, you have a nice and decent quantity of BTC in your stash.

It is only a personal prediction of others and you should not trust because this market has been improving in recent days. I think buying Bitcoin at the current price is still very cheap and can completely help you earn high profits if you choose to invest in the long term. In addition, 2020 will be a very favorable year for many new investment projects and you can consider if it is a potential project.

However, in crypto market, everything is unpredictable and it is possible that this coin could return to $5000 if the market gets worse.

I have seen some analysts who talk about a big correction in the price of Bitcoin, some $ 5k, others that $ 1k, I think the correction will not be so drastic, it can remain between $ 7.5k- $ 8k just for the fact that the recovery Up to $ 8.4k was for fundamental reasons of the possible war betwen E.E.U.U and Iran.

The impact on the Halving can begin to occur after having calmed the waters of war drums a bit, the event is long awaited, personally I think it can go up more than $ 9k.

anything can happen because correction is inevitable for a large pump that might happen before or after halving, so i just feel whatever the decrease is and whatever the increase is still possible, basically we need to be more patient and more confident, no need to panic when get fud news because the decline will always be there after the price is pumped

As for me thats too deep correction for BTC. ill never expect the price increase more ,But this year it will became morestable increase its price only a little .the bull market we are waiting will not gonna happen this year  but only increase about 15%-20% thats not bad and the ATH will happen next 3 years or more.

The exact reason it is a possibility. We are too close to halving and maybe the last chance to acquire cheap bitcoins. Manipulators may want to drop the price so they can acquire more bitcoins in preparation for the price surge after the halving. It will be harder to do that once halving is in effect.

1k is too much already. That will draw us back to the early late 2016 price. I think if the price drops 5-6K, whales will start buying back. That will create strong support at that level.

Everyone's predictions are different and not always true, it looks like the current market situation is still difficult to predict accurately and bitcoin is now back down a little but I don't believe that bitcoin will drop back to the price of $ 5,000, because it has happened before.
but in my opinion the movement of bitcoin so far is still in normal conditions but tends to increase, and bitcoin will always provide a good return if you do good research in trading.

In crypto everything is possible but btc 5000$ is quite hard.Maybe we will see 6.5k$ to 6.8k$,but I don’t think bitcoin can reach 5k$.Now bitcoin support level is good enough and last few months bitcoin  reverse back from 6.5k$ to 10k+. So,I think there is low possibility to reach 5k$.

Don't believe in the prediction because it's not true because they only speculate about the price of bitcoin themselves, so the forecast is never right.
I just guess that the price of bitcoin won't go down to $5,000 because in my opinion bitcoin will continue to rise slowly and its peak is halving after it approaches.
Think positively about the price of bitcoin in the future, don't believe too much about what the prophecy says because it's only the spread of fud.

You would even see 1k - 3k predictions in the past and also theres no such thing about pro trader that
can predict precisely on whats the price.For now where the price already heading to 9k, have you seen those people who
do keep telling on price dumps? We might not able to see low prices again but still not a guarantee yet 5k price is
not really that far though.Price is always been unpredictable so its really hard to pinpoint.

I don't predict for that because now, I only follow where bitcoin price moves. We already saw bitcoin price hit $8300-$8400, but now, the price is down until $7900, so there might be a time for bitcoin price to increase back to the $8000 price level, and you should wait for a while. Meanwhile, you now have a good time to buy more bitcoin after you take the profit yesterday while the price still below $8000, or you can wait for more to see the price will go down or not. But I prefer to make a buy order for a small amount of bitcoin and make another buy order if the price goes down for more.

I was thinking about this in the end of October 2019 and there were some instances when the price dropped down to $6k marks. but it recovered fast from there so I dont think there will be any more instances of even hitting that price now, halving too near for another dump and people will be waiting for something like this if happened.

In fact, I have heard of the forecast and bitcoin will dump to a more severe price of $5,000 but in reality it has not happened and bitcoin is currently experiencing a pretty good increase.
Do not believe in the prediction because it can make a lot of people panic, so many are selling at cheap prices.
We know that the current movement of bitcoin is quite stable, we only need to look at a graph about the current direction of bitcoin.

If you think so, you should try to buy Put options and secure your funds like an insurance for any upcoming downtrend. You could try Long term Options if you think the BTC is going to go up in the future.

In my opinion it won't touch the price of $ 5,000 before halving. Because this price is too deep. If you pay attention to the past 1 or 2 years, prices cannot be manipulated again as before. I know that every time there is a big event, there are people who want to take advantage of this by pushing prices too down or up. But now it's different. You might see for yourself some time ago that the try price was pushed down 6k but it didn't work.

If you don't believe in a technical or fundamental analysis, do you only guess the price?  like a shaman or rather a gambling trader.  whereas in trading various indicators are provided as a tool to determine price movements, while fundamentals provide information about something positive or negative happening to Crypto itself, so that we can know where prices will move.  is it possible because you have never learned technical and fundamental analysis?  so you say don't ever believe in predictions.

Well, it is only a prediction and a prediction is not 100% sure until it delivers. It should not be as low as $5000, we are close to halving. With proper analysis to the past values we should not expect any thing lower than $8000 the price value is expected to keep moving steadily at this moment as it has begun. If at all there will be any retrogression, very little is expected.

It's opinion based not even they've shown any relativeness but there's no assurance that it will happened. Remember that there are lots of factors that influence the market movements, it's been a long process and even so called experts are unable to figure the right path where Bitcoin will go. Best to keep your own study and research to this venue of investment.

The price of bitcoin is now above $7500 and it is a good sign for the bullish people in the market but I still believed that the price should go down first maybe below $6500 to accumulate a good amount of strength to comeback and went to another all time high. There is a lot of speculation in the market but in terms of long term basis, I believed that bitcoin will go above 5 digits price.

Bitcoin is usually unstable and after the price increase, the coin will have many major adjustments. I have been following this coin from the start of joining the market and to make a profit is something no one could have predicted. You may be right to believe Bitcoin will fall once more before another price increase begins but certainly your prediction will never be able to determine the time.

I very patient when investing and usually hold for 2 to 3 years because it is enough time for me to make a good profit from the crypto market.

I dont think bitcoin will dump back to 5k before halving, bitcoin charts now have lots of good signal and there are no reason to dump bitcoin too much right now. The strong resistance at 7k7 was break easily and now it turn to a strong support and i think this will become 2020 support line.

There are various online forecast about Bitcoin price. I'm sure there is an increase in Bitcoin market, down dip to $5k is possible if there are serious problem related to Bitcoin environment, also if the price thru $7500 support and go down thru $6k it's highly chance the price will reach $5k, but in fact bullish has begun.

Where did you find there? I am just curious.
I don't see much of that kind of negativity now.
Mostly are articles about the incoming halving and how bitcoin will be pumped again.
There isn't much about dumps anymore.

I don't think the same way as them. More like being optimistic this time. This may be the time that we wont see a small figure again.

There is no expert trader who can be able to predict it correctly, I mean his predict just have 50% will be right and the rest will be wrong, also you can make your own predict if you can.

Privously, when I came to this forum exactly at 2017 ago there was many people who suggested that bitcoin price will have a high price such as $30.000 or even $100.000 at 2018, but did you see the predict was going right? It was not, the price of bitcoin just decreased more and more even touch the lower price i.e $3500. So what that mean? you have to aware that sometime you must ignore what people says although he is an expert especially when he says about prediction.

it's all just a prediction and you absolutely shouldn't trust the news. sometimes it's false news and the goal is to make more people sell their bitcoins cheaper. This is one of the strategies McAfee most often uses. Ideally, we should analyze the chart itself and make our own judgment. Don't be too worried about other people's thoughts.

the consolidation area is $ 6k, and if it falls below that then you will read the forecast again about $ 3k, I suggest not to trust it too much because the possibility of a price reduction ratio is only valid until the end of 2019. You better expect a quick price reversal if a correction does occur quite significantly, Halving is about accumulation that will continue to grow.

Because they want to affect your trading decisions that could be favorable for them. I suggest you stop depending on or listening to them. That could spell disaster to your trading portfolio. It is best that you learn how to analyze the market and make your own forecast.

I have not seen any kind of news that BTC will comeback to that level but i've seen some people talking about it and it is most likely impossible for BTC to fall down back to $5000, $6800 is much more realistic but BTC coming back to $5k is just impossible. Although we might be seeing BTC dumping or dipping sooner cause by the CME futures gap, showing signs of a fall down and this gaps always get filled, so we might expect a short dip then proceed to $9.5k or another dump.

Maybe they predict based on the prediction of bitcoin prices before the first halving and second, because at that time bitcoin experienced a decline before halving. And for me it is natural because everyone has different predictions in facing the upcoming third halving, maybe I will also think the same as the previous BTC history when halving.

But all of that is actually still unpredictable, it could be my prediction and they were wrong. Yeah the market is changing so fast, so better let's see how btc is next.

Anyone in this market can make predictions about the bitcoin price when halving. There have been a lot of positive predictions about the price of bitcoin going up, of course we will see the same negative predictions. And our job is to wait until it happens, if you believe in this market and bitcoin then you can start buying from now and wait. If you do not believe, you can continue to wait in the future to be able to buy at a better price if the market collapsed.

Don’t take advise from the internet when it comes to investing your money. you can learn the techniques but you won’t learn to be profitable. However, nothing has happened as a bull run at previous months of the previous halvenings. Price stayed flat, or even dropped until a couple months afterward, then shot up. It could happen this time too, or it could not. Learn how to read the charts so that you can understand what price did the previous halvenings and make decision.

Looks like this was all for nothing, bitcoin went up without going down. The problem with the ideas of "bitcoin down before up?" is that if you think bitcoin will go up, so does others and if you think bitcoin will go down first but than go up later, you don't risk by selling and buying lower and than selling even higher, that is just too much of a risk, even if you honestly think price will go down than go even higher you just wait, most people do.

This is why bitcoin rarely ever goes down first than goes up, it just goes up directly, maybe minuscule small falls but not as huge as going down to 5k and going up to 10k starting at 7k type of huge moves, its more like 7.5k to 7k to 8k type of smaller moves that happens, and realistic that is kinda what already happened as well.

It seems like a good reset point for the sentiment in the market. If a lot of people are waiting for it then it has to happen like a self fulfilling prophecy, right? Everyone is waiting for this, every last rally failed pretty quickly, there is still no real use for it, so why would it grow now? My question would be if 5000 is the bottom or we go to 1-2k range before loooong consolidation and then another parabolic in few years future.

To think that learning will help us right away is not right it still need some years of practice before someone could actually make a good profit on their own. People will only say what they think is right but it is you who can make the decision in the end. Although just learn the mistake of others so you won't be suffering what they have had experience.

Generally, this type of statements have been analyzed with backtesting the previous market parabolic trends. The experienced traders trade what they see not what others advise. My personal prediction is the BTC price will cross $9000 in February and it will be traded between $7000-$9000 until halving. Another scenario is speculators play the game by buying the rumor and selling the fact.

I am not a good predictor. I only follow how the stream bring me. I think if see a lot of people say bitcoin will dip to $5k then i have no choice to hold longer. There will be the time bitcoin price can get pumped and people who maybe bought at that price can get profit too.

You don't need to make a good prediction as long as your prediction help you to get the profit you want. It actually need some time to make use your prediction in the future so continue what you are doing because it helps not just today but for the upcoming days when you are trading.

Remember that speculations will either a false hope or a reminder. We can't really know that it will hit down to $5k or even more at $3k before the halving event. Anything is possible under crypto world. But let me remind you that there are so many unexpected shortcomings and sideways. Everyone is speculating and expecting for the upcoming halving event. Last time I've remembered this same scenario stable price before huge pump. We can't really tell.

I guess the price can go down to $6.5k, not $5k for now. Already a few days ago, the increase was expected to reach $9k and regress a little, and it was. After that, I do not know exactly where to go, we will see this as price continue to break the support. But, do not worry, we will see a better price until halving. Such decreases are normal before each increase.

Yes, believe by ourself although it is not good will be ok. Because we can't always rely on other people especially for trading and each people must get profit by their own strategy. For me, i only can hold and wait that is why i just follow the stream.

it could happen, because if you think the whales will dump so they can buy at a cheap price,
and when bitcoin goes down, we will see the altcoin season, because altcoin is very cheap now to be able to benefit in the BTC pair later

Yes, its clear its going to visit 5k or even lower. In fact, it can go back to the 3-4k range.

I believe we will have a big bear trap before it takes off. For now, we are only having bull traps, with the usual fake rise and fake calls for FOMO.

Bitcoin price is being heavily manipulated. I dont trust even my own TA anymore. All those theories about waves, cycles and stuff are useless if we face the fact that the crypto market have the nature of a ponzi scheme. Those who adopted it earlier are making the calls, in the same way big speculators do with the stock market.

FA was also put into question after I saw the StF calculation being manipulated again. The StF line pointed to 100k at the first half of 2020, the new version points to 2021, proving that even the log scale is based on faith, disguised as "science".

We are at the mercy of the whales and they will decide if bitcoin will replace fiat one day. For now, I believe it wont.

I think the current price of bitcoin will not fall sharply to $ 5,000 before halving, on the contrary many people expect bitcoin to increase after halving and this year or in 2021 bitcoin will become more valuable, but that is only speculation and it is not certain it will happen in future

In one moment I thought it will dip to 6k, or lower, but looks like the price changed direction and now 5k and 6k look so far away. I strongly doubt that we will see bitcoin at 5k ever again, chances for that to happen are minimal, and even if it happens before the halving that will be temporary, look at that like a good buying opportunity, but only if it happens, in which I doubt as I said.

is there any reason to predict such a massive fall ?
and who is predicting  that , haven't seen such pessimistic online forecasts from analysts that are at least somewhat trustworthy and are not predicting random numbers just because they want to
for the price to go down 3200$ , aka almost 50% something groundbreaking has to happen
the times of "shaving" the noobs when a megawhale coordinated a massive sale of coins across the exchanges to cause a massive panic sell and rebuy cheaper have long gone
it would take too many coins sold to drop it to 5000$ and I highly doubt there are people willing to part ways with the coins in lew of halving , especially in huge quantities like that
my prediction , the price will stay in the 7000-9000$ corridor before and some time during the halving , slowly peaking as the time passes

The thing with these price predictions is that they all seem reasonable because crypto prices move so much. BTC to $5k? Yeah, could happen. To $10k? Yeah, could happen.
The key is in differentiating between what could happen and what is likely to happen... Ultimately it's your own judgement, no analyst prediction can be taken as reliable.

"Big rise coming, but first, the market is going to crash so I can buy in!" ::)

This type of sentiment is classic in nascent bull markets. Traders are beginning to see the massive bullish potential in the charts but they already missed their entries in the $6,000s or $7,000s. So now they are convincing themselves there will be another chance to buy.

And they might be right. Chances are, it will turn out like this though:

https://cdn-images-1.medium.com/max/500/1*J-WLAFyhl85slz47VlMLWQ.jpeg

First of all, everything is possible, to 5k, 1k, 1kkk...
But I think it's hard to fall to this level of 5k at this moment because every dip people will start to buy thinking in this year that promises a lot to BTC, obviously the halving are a big event and all are expecting a big rise on BTC's price

My thoughts of $5k has been gone already. Last month, I thought we're going to touch it but after how many times the price did bounce back at $7k, I believe it has a lesser percentage now especially the price is performing well this past few days. Don't always believe on what you read especially those bearish predictions it will just make you more confused or may lead into panic selling which is the worst thing you'll do. It's their own way so that if panic selling occur, they now have chance to buy at a cheaper while you are at loss.

it is very difficult to predict the price of bitcoin so I also don't know for sure whether bitcoin will fall at the price of $ 5k before decreasing by half or actually experiencing an increase before decreasing by half. if we look at the previous halving day bitcoin chart we know that the price of the bitcoin continues to increase before decreasing by half. I don't know if this will happen again or not. all I can do is wait and continue to observe the bitcoin price movements.

Actually, I don't think anymore that Bitcoin can go that low price from the current position! In December, I thought Bitcoin price will come to 5K USD before a big jump and it went to 6K USD zone but did not break the under 6K level! That's mean 6K+ zone was the lowest enough for Bitcoin and right now it's growing gradually! Bitcoin price can come under 8 or 7K USD again, but I don't believe it can go under 6K USD anyhow!     

Some are (by luck), but most are 0% accurate.  As they say, even a stopped clock is right twice a day.

I don't think that's clear at all.  In fact I'd say that's completely wrong--but then again, my predictions are as good as anyone else's.  I just don't think bitcoin is in for a fall of at least $3k right now, not after it's started to rebound from the summer's mini-crash.  And I'm not sure what effect the halving has had or is going to have, but I'm guessing that people have started buying bitcoin in anticipation of it, which is why we've seen the price spike the way it has.

Yeah, there could be some of that, too.  You really have to be careful about who you listen to when you're reading people's price predictions, and I think it's generally a good rule of thumb just to tune everybody out altogether.

Dropping dip to in $5K is unrealistic for now I was also expecting it drop during the last Christmas as a result massive exchanging to Fiat to buy stuffs for the celebration as it is now the bull had taken over the market while recent dip stopped at $7500 couldn't breakthrough the support at that zone.

The difficult thing here in this field is to predict the different prices of different cryptocurrencies because we all know it is easy to predict but not all the time the prediction will gonna happen. There still a chance that bitcoin will fall again at 5000$ and if ever this thing happens some whales will gonna happy because they can now buy a ton amount of bitcoin then, later on, they will gonna sell it at a high price. Many people always monitor the movement of bitcoin and by the only blink of seconds, you can earn or lose a ton amount of money. But, this time let's see if bitcoin will gonna fall again at 5000$ because I also want to buy at that price.

It's possible, we've seen lower last year but I don't think it'll drop that low with the price currently hovering around the $8k mark. It'll take massive amounts of manipulation to make it drop back to $5k.

So, let's just enjoy the current mini bull run and keep some money for buying just in case.

Always take crypto predictions lightly never follow them. Towards end of Dec 2019, chances were that bitcoin may go down to 6k$ or 5k4 but then came Iran/USA and we have a reverse trend that took price at 8k$. If you are in crypto then you need to keep your eyes and ears open and never follow any prediction.

As far as I believe there will be one more dump for sure before the expected bull run due to halving. But again it's just my personal opinion as everyone has a different opinion and their own research but the funniest thing about the market is that it doesn't follow any pattern and it just changes as per world affairs affecting crypto and one of the finest example would be this year as everyone though the market will go down during new year  season but it didn't.

Then what's their basis? Or may be that is totally a pure opinionated claim though. Nothing to get about it, besides btc is still holding strong at 8k, and I do belive that this will last long like what it did at 7k mark from the past few weeks. Anyway, still a long way to go before the halving we aren't sure and no one knows where the market will fall before halving.

selling part of your Bitcoin right now in my opinion is a good decision, why? if you doubt Bitcoin will go up and predict Bitcoin will also go down to $ 5000 you already have money to buy at the lowest level again

No, it will not drop to 5000$ before the halving but it can drop after the halving. Halving is about four months away and due to the hype no one is going to sell their coins for cheap. Yes, after the halving their could be a brief time when bitcoin can dump big to 5K before kicking off a new bull run.

Most of those forecasts follow one or 2 well known traders like Tone Vays who used to predict a 3k low and then adjusted up as the bear market just wouldn't deliver.
The problem with those predictions is that Tone is rarely right. He just changes the predictions as he goes and I don't blame him because the market is fluid and influenced by many external factors like this recent Iran war threat.

There have been a lot of prediction lately.
I am also curious as you are. Curious at where they are getting this number when there is no possible way to see the future.  ;D

Looks like they still understand the market of bitcoin.
These may all just be a prediction but still, how good do they imagine things if they can give a number?
Ain't that an awesome ability? I want that too. To imagine wildly.  ;D

Anyone can say anything about the price of bitcoin that it will be like this and that but don’t trust anything, i’m not saying they are liars or what but some of them just want to say the price will be something but no solid basis what will make the price go down or up. It is better you make your own research, study the market and analyze it, it is more rewarding that you will earn from your predictions.

I did not foresee the future so I could not make an accurate prediction. But for experts who are very experienced in this market, they have analyzed the chart in the long term and I also see a few charts saying that the price of bitcoin will drop to $ 5000 if in the near future BTC does not break $ 8500. I hope this does not happen as they expect, we are currently in the most favorable condition for the price of bitcoin to rise. And with halving bitcoin coming very close, I believe the bitcoin price will quickly break $ 8,500 and rise to $ 10,000

The $5000 prediction had been on till the price surge again, I am not saying the surge is a factor to prevent the dump but we sometimes look beyond the graphs and tech analyses. We are no more in the bear market and waiting for the dump before you buy is not the best advice. Sometimes you buy when the price is going up and sell when the price is coming down, the decision is with experience.

I think you can wait for the next bullish that will happen soon so you can sell at a higher price. If you sell right now, you can still make a profit if you bought bitcoin at a low price, but if you can be patient for a while, bitcoin was already getting down in a few days ago, so the chance for bitcoin to increase higher will be open wide. But that will be up to you, if you are afraid to see the next thing that will happen with bitcoin price, you can sell it right now.

I also think like that, usually before the price pumped is very high, it will definitely be dumped, because many whales want to get a cheap price before the price actually goes up by halving.
although there is a possibility, but in my opinion for now it will not fall again to 5k, several times down and support is strong enough not to fall below 6k.

I don't believe someone will see a $5k Bitcoin anymore this year. It's halving time, and this means up-up-up. Expect a nice pump to $16k and then some bottom finding over $10k. Afterwards a wonderful bull run comparable to 2017.

They predict it because they follow technicals and the easiest way for them to understand where the price is going is to draw a descending line from that 14k pump in 2019.
There are many flaws in this prediction as it's a very basic understanding of the market. The first one is watching the market only from that certain point in July and not counting anything before that. The second is believing that the pattern will continue downward for the next few months and in reality we could already have broken up and will never go below 6k again.

Well we might see a bull run comparable to 2017, but it might take some time though.

But I do agree that we won't see $5k as we have bottom already in the $3k range in late 2018-2019. I'm sure everything is surprised that the price is maintaining around $8k. I thought that it will go sideways around $6500-$7k, but I guess everyone is 'positioning' themselves for the next halving starting this month.

I'm also not sure, but of course there will always be rumors from certain parties who want to make prices down, such as news about hackers or others. but of course I do not expect that to happen in 2020 because that is a classic reason and everyone already knows about it so that it will not happen FUD. as long as the price is below 10k this is the time of gold for me to think of buying before going higher later.

In the crypto world things work as follows:

1-) When the price is falling a lot, the forecasts are as pessimistic as possible.

2 -) When the price is rising a lot the forecasts are as high as possible. Just look at this as an example:

Experts Share: What Will Bitcoin’s Price Look Like in 2020? (https://cointelegraph.com/explained/experts-share-what-will-bitcoins-price-look-like-in-2020)

this link has an opinion of 34 people, look at each person's opinion and look at the price of the past


my crystal ball told me the price will reach $15000 this year

It is more interesting if you reveal all the cards on the table and tell us who are those who are saying that Bitcoin will hit $5,000 before halving? I can counter that with other forecasters and crypto experts who are saying more positive price predictions.

I don't predict Bitcoin to go down as low as $5,000. That is so below the belt. I am thinking of $10,000 before halving.

I haven't read any forecast calling for $5K. Where did you read it? What's the reasoning? No, I don't see any reason why Bitcoin could drop to $5K again. I think the bottom is already in at $6800 and we're unlikely to ever visit that level again.

Quite the opposite, I was expecting a nice upward movement a few days from now. Looking at the weekly Bitcoin is currently on a bull flag which I hope will break upward soon. If this happening, we might see $10K within this month. Fingers crossed.

It seems like the people left behind buy below the price of $ 5,000 so he forced to make an analysis to mislead many people and for his own satisfaction, because there are no traders who make an analysis if it wasn't for his own benefit, so don't listen to people like this, just focus on what that you are holding right now, it looks like we will no longer see the bitcoin price of $ 5,000, so hold your belt if you still hold it it will slowly recover and rise in some time maybe

I don’t know whether it will go down to 5k$, right now it’s stable at 8k$. Let’s hope it doesn’t go further down and remain stable here.
This is just FUD that bitcoin will go down to 5k$ before halving. Nobody knows what impact halving will have on bitcoin price. Play sensibly.

Stable at 8k because thats some resistance with a trend over medium term.   I think that slight decline ongoing has some giving up their speculative long, that puts us back to test the 50 day average at 7500 area.
   A small reset is reasonable,  we can break upwards but quite often the price takes a running jump to clear a wall like this I guess.

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

So far there hasn't been any FUD in this market, the predictions of bitcoin going down to $ 5000 are unfounded and I think they are just trying to come up with something that is contrary to reality, and if it happens then they can become professional. I also hope that the price will not go down as they predicted, we are in an uptrend market and the price will definitely go up in the long term.

A lot of that kind of analysts in Youtube.
I have seen them too.
They easily catch attention when you are always watching videos about crypto currencies.
They are always the next suggestion.  ;D

I think there is a probability that it might happen. Whales might want it cheap and if they do they might really dump a lot just to make more bitcoin.
An old strategy but there is also a chance it might work since there are a lot of individuals who owns bitcoin now.

there must be something big going on that can cause bitcoin could drop to 5,000 and it usually happens unpredictably for example hacking or dumping by the whales, by the way, it's better to make your own research because what people say is not necessarily true and will happen.I guess we should Learn how to predict and make our own decisions even though is more difficult than listening to people's opinions.

I havent read any forecast that claimed the price of bitcoin market to dump to $5K price range before the big rise but if you take a close check on the bitcoin market, the market usually experience a bottom price before the bull run market start.

There are alot of dump in price of the market which can not to be prove or know the reason behind it.

For now , i just speculate about dumping before halving around 6000-6800 usd each.
And it cant be lower .
And u absolutely must believe it.

After watching the market now, I see that there is a big green candle happen with the market, so we can make a profit again after we waited a few days ago. Perhaps, the price will break $8500 or more, and then it will be back at the lower price. We hope that the price can increase more after hit $8500 so our profit will be bigger. But if the price cannot rise more, I wonder how deep the price will be down because sometimes, the down will be deeper than the last lower price. We need to prepare if the price is down too deep than the last lower price, and make sure that our money is enough to buy more bitcoin.

Maybe something more bigger than hacking since the past hacking issue doesn't give any effect with the price status of the bitcoins but since the halving hype is on the road maybe it's really difficult to forecast a dump since the certain situation coming is on good state. That's why it's good to not panic on someone taught's since maybe they are trying to drag out and buy some bitcoins in cheap price and earn when good pump comes.

Well I'm really looking at the price to at least go back to $6k because I have funds to invest right now. But seeing the price goes to $8500? I will try to wait before I make my move. Of course I love to see the price goes up, but at the back of my mind, I'm still wanted to see the price somewhat more affordable to buy for average Joe like me.

In my opinion Bitcoin still has the potential to go down to $ 5,000, indeed today Bitcoin is able to break resistance and we will see $ 9,000, but selling half of your Bitcoin at this price will help you calm down a bit in trading