Bitcoin Forum

As it stands, Bitcoin along with many other Digital Currencies have been on a Rampage recently. Some achieving all new highs while BTC is sitting on top of 9k+ usd. Only question that comes to mind now is what next? Will it have enough momentum to break thru to the 10k usd mark or will we see a major price correction? As usual any thoughts and comments are more than welcome.

The momentum will be welcomed well because bitcoin has moved to the price of $ 9,000 + this will be a good correction because bitcoin is growing in the market so to redeem the price of $ 10,000 will soon be passed in the near future.
In the pumping of the last few days, it shows a good start for bitcoin because it has been heavily predicted by experts this year that bitcoin will grow.

correction can still occur to cover the price gap that was jumped over. but the decline is expected to strengthen the foundation of an increase in psychological limits, it is likely we will no longer see bitcoin at $ 7000, it can still be assumed that bitcoin is experiencing a good trend if prices continue to rise and speculators also eventually spontaneously change their sentiments specifically for avoid liquidation.

The next must be bitcoin to touch the other ATH too. It will have about momentum and so many even are about to come in the future. Dude, 10k looks so easy for bitcoin to be achieved in the next days or weeks later. The major correction will not occur again and just a small correction that will be happening in the future. Just take a look at what already happen in the last day and only a small correction for bitcoin.
So much good news is about to come and just prepare your self for the next rocket for bitcoin.

Halving and mimble wimble will bring a lot of hype for bitcoin. CSW has already failed to prove itself as satoshi and bitcoin is the only real bitcoin. There is no crypto can be a threat for bitcoin again.

I'm sure it will, but i don't think it will become more than 10k in current momentum since it's already rallied since 8k from the start of this year. There will be a correction first before it's going to 10k. People who already bought at 8k must be sold their BTC for profits and wait for lower point to next really. Bitcoin halving news must be triggered it.

Of course there will be a correction in the rise of bitcoin before $ 10k we see what happens in the future because buyers will sell when bitcoin has reached $ 10k and this will be a slight decrease because of the sale but it won't take long, believe bitcoin will rally easily to price of $ 10k.
This momentum will be right if you position well.

Right now, bitcoin price is at $9000, but soon, we will see the momentum to break thru to the 10k. If it's not happening this month, then I guess that it will happen the next month. We don't know if we will see a major price correction, but it could be possible to happen. But we don't hope that the correction will make the price go down deeper because of the bitcoin price increase by slowly. The next thing that we will see is the price will go up and down many times before it can break another high price, so we need to be ready for anything that will happen later.

What is interesting to me is that alts seem to be rising more than bitcoin, which suggests increased market confidence, which suggests the possibility of continued rises across the board.
It was the Craig Wright stuff that started the surge, but it could have been anything really, confidence had been growing for a while and the market was ready to latch onto any reason to start a surge.

Not all cryptocurrency are also celebrating now, if you can see some are down in btc value, it means if you just buy Bitcoin instead of that particular altcoin, you will have much greater return.
But overall, the total market cap of cryprocurrency market now is owning which is good for everyone, we still aiming more and new all-time highs.

many experts say many people insist on pushing because they are tired of the bear market before, they are like a raging bull now after all this time they have stayed in their cages so everyone can't hold their anger, that's probably the price of bitcoin and crypto is rising now , I believe in the experts even now I see the fact that the price of $ 10k for 2020 is a very cheap price for bitcoin, waiting for everything to really explode now

Where exactly do you see new highs? Most of them barely touched the line that should represent top of the 'bottoming out' region. If anything reached ATH it's only because it's a new thing and wasn't present at 2017/2018 boom. A lot of stuff has moved but this isn't close to any high any time soon. If this move persists for lets say half a year, then sure, we will get some nice action in the process, but until then this is just another rally that is not even confirmed to be long term trend reversal.

Really, have some currencies all achieved new ATHs? That would only be BSV as far as I know. And they still needed Bitcoin to be on a rampage to do that. If it were true they could do that on their own,,, they would have had 2 and even 3 years to do so but till today nothing. So yes,,, momentum of Bitcoin is still what alts need every single day!

I don't think so that price won't be lowered on that value, because there's no real bullrun happening. The effect of gradual increase was the actual demand from investors, and not really coming from huge capitalist. If you notice btc price all alone is pumping, and altcoins didn't come up a promising changes which long term holders also expecting.

Price corrections can occur at any time, usually before Bitcoin pumps. I am not sure about the "raging" statement, because I see that there are only a few alts and that is not too significant. Most likely, all atlcoin refers to bitcoin movements. We are waiting the next surprise from the crypto market, because in my opinion $ 10,000 is not a difficult thing for bitcoin.

Only a few hours later from this thread was made, the price correction has occurred, but do not panic, because the momentum you mean will happen soon. Yes, $10k is not a difficult thing for Bitcoin and we will soon see Bitcoin achieving it.

Price correction will happen but I hope its not that big because the momentum going up is already here, let’s keep the price going up and no turning back again. Its good that altcoins pumps along with bitcoin and maybe this is the new trend this year, every cryptocurrency will rise together as one really good for the investors.

10K US $ is easy for bitcoin to reach this price, the price correction will always be accurate. But, but the possibility of BTC touching 10K is less likely to occur this month or early February, because it has a period that is controlled by various factors, Momentum can now be said to be the starting point of BTC after going through a critical phase in December yesterday, and BTC proved its now with 9K $ +. This is good news for everyone, especially the BTC holders themselves, and with the current BTC achievement, it can also pump up other altcoins.

Yes I think it will surpass $10,000 in the near future, but we just have to break through a couple of resistance lines first, If it couldn't break, then I think that Bitcoin will head down drastically. In my opinion anything that goes up purely based on sentiment (i.e. panic buying), like current momentum, will easily drop and much faster once people realize it and thus lose the positive sentiment. but if there will be a massive adoption happening in the future with positive sentiment about halvening, this will change the situation. then I think it will be above $10,000 easily but more importantly, it will be over $100,000 by end o 2019.

Looks like there's a correction coming in?

2019 wasn't the best year for Bitcoin but seeing how it's moving now is giving us hope that it will be better this time. It's on its correction period and it's the price has increased a good value so I believe that there's a big possibility that it could rise even more in the coming days or months. Halving is almost approaching so I'm sure that it will also affect Bitcoin in a good way.

this moment felt by most of altcoin and the opportunity to raise the price of their assets too ,think will still continue by looking at other situations that will make price of bitcoin back to a safe position between 10,000 ,everyone will see this increase and buy soon and we still haven't seen the whale raise the price so for now the price will continue and I think until before halving bitcoin happened

There is no one who will know what the next price of bitcoin that will be touch even the professional trader though will not say that his prediction will come true and should be trusted by many people. You will be useless to ask this question IMO, the right thing is you should be focus to your strategy. I mean when you intend to spend money for your trading material then just focus on it, don't ask the price which hasn't happened yet. Set target profit that you wanted, don't be greedy because it will make you regret at the end.

yes maybe at this time there is a little correction to look healthier in the market, the important thing is not too panic when the correction occurs and do not be too greedy when pumping.
now the momentum is felt depends on how we respond to choices.

indeed when the market is an increase that is too high is not too good. with a slight correction, it looks like the market will become stronger at this time when this situation will provide an opportunity for investors and traders to benefit again. with a decrease that occurs will trigger more investor interest after the increase occurs.

With the positive news for the market this year, I hope the price can continue to rise and surpass $ 10000. But first we need to wait for BTC to be able to stabilize trading above $ 9000, the bitcoin price has continuously dropped when rising to $ 9000 in the past and it puzzled a lot of investors. In the next few days prices may continue to correct but I think it will not be able to fall too deep. The bull market is still there and we need to wait patiently for it

The reality is we are going "too slow". I know many of you won't agree with that but I have been in crypto world long enough to know that when the price goes up, it goes up very very fast and right now it is not going up that fast, it is just going up steadily and that is different. Whenever price goes up steadily, that means there isn't a huge hype around it, there is no FOMO going around, as soon as there is even a single bear run the price will go back to what it was, it just depends on one person to sell all they have.

I don't like markets where one whale could change everything, I want the type of markets where even the whales can't stop and we are not in that right now. It is of course good that we are finally over $9k, we haven't been above $9k for months now, but stay careful about impending drop as well at all times.

It will take a little more time to exceed $9000.  Due to Chinese New Year, the price may go down a little bit, but I believe there will be an increase afterwards.  Because we started very well this year and demand will increase with the impact of halving.  And through this effect, after the holiday is over, positive thoughts will increase and we reach $10000.

It seems that the momentum of bitcoin is going to rise again towards $ 10000 not to close the possibility. especially soon there will be a routine halving bitcoin, usually the possibility of going up will be greater than what I see

It's the Craig Wright stuff that is behind this latest surge. It started with BSV, then spread to other alts, then to bitcoin.
Now that CW has revealed (surprise!) that he hasn't got the keys after all, BSV has fallen. Everything else has fallen a bit alongside, the question is how much of the latest rise they can hold onto.
I would guess they will hold at least some of it, as confidence was rising anyway prior to the CW interlude... so not all bad :)

Thats not correct because the surge trend started from bitcoin while people started buy the BSV after Craig admitted to court terms and even in the history of crypto market every decision was to be determine by bitcoin market.

CW is just a liar and hodlonaut knew all this which is the reason why he want an end to all his lies but concern the next uptrend which the market will hold onto, no one know.

This guy is he really sitting on 1.1 million bitcoins?

I think we've seen what you're asking now. There's a price correction now but it's a minor one, I don't think we'll see a major one for this year prior to halving. Everyone is getting full of hopes because of that major event and the positive vibes that it brings to the market is getting stronger. Once we break $10k barrier, that doesn't mean that it's the end and I think everybody feels it as a safe zone as long as the price maintains to stay to that price.

if we look at the "week" time frame, bitcoin has broken the trend line, only waiting for the confirmation of the last 1 candle, and we will see whether bitcoin will continue its bullish trend to the price of 10k usd, or down to the 8k usd area.

I saw a correction last night. Bitcoin fell at the level of $8,600. but I do not see panic towards traders. they remain calm. I think they know, that the fall in the price of bitcoin overnight, is to make the increase even higher. I'm sure bitcoin will reach $10k at the end of February. while other altcoins will watch and observe the rise of bitcoin, before following for the pump.

correction always happened to make organic growth. We cant avoid that but take to our own sake
As it said, the price was correction to under $ 8500 now. It is just normal thing
If you are long term holder, all you need to see just future price. Everything is gonna be okay in the future
Do NOT become too care with small volality, but just make sure clear stop loss if there is bad thing happened

I am not sure whether you are really watching the market or not as 2019 was one of the best year for the bitcoin market as the market rallied from the bear market we had and was able to pull out of the $3k range and cross almost $14k and you think that was not a good move by the market  ::). In layman terms what is you huge push in the market, i would like to hear, this year will be similar like last year and by the end of this year we might see the market pushing for new boundaries, alteast that is my expectation.

it is indeed a normal thing, and the market is still in good condition even though the decline is happening and is still considered at a reasonable price. when there is a gradual increase, the market is really in a strong position. and usually, a situation like this will cause a pump soon.

preveously i think bitcoin can reach $10,000 end of this month or early of next month.  but two days ago we seen the bitcoin price falling down and thinking this is wrong speculation, after look the history of bitcoin price one years ago bitcoin increase high price in early january  then falling down end of january.

What can take this momentum continue or even go higher is the fact that hype should not go down, if the hype dies down and people start to think that the increase will stop, the increase will actually stop since its the people who actually buy and increase the price.

So, what we have to do is to keep the momentum going by making great positive posts, instead of saying "bitcoin goes down 700 dollars" we should reword as "bitcoin corrects 700 dollars" which is a more positive approach. Those type of changes will actually change how people look at bitcoin and this hype we have won't die down quickly and the increase won't stop. However, if you keep going like "will bitcoin crash", "is this the end of bitcoin", "3 charts that show why we are doomed" or whatever like that, we will stop going up for sure.

The positive thing about BTC is the up coming halving, till may I am very bullish on the price, what people need to see now is that the market is maturing and more patience is needed to reach ones goal. As for Altcoins, I don't see future with many of them because I feel time as come to see the shitcoins die

bitcoin will break history back in its price movements after half of the bitcoin has taken place. However, before that happens, of course there will be another decline because many people who associate the arrival of the Chinese New Year can have an impact on market price movements, even though it is only speculation from many people, but we will see in the next few days if it is true it will happen then every the year events will continue to repeat itself

dont you think the BTC chart is strange? https://www.coingecko.com/en/coins/bitcoin

As of now I think Bitcoin Bitcoin had experienced a major correction during the bear season so a major correction won't happen anytime soon. Bitcoin will slowly recover its price towards the Bitcoin halving.  Probably it will even break $10k before that event.

No one can really tell you what is yet to come, every answers is still predictions, the possibility of hitting 10k is not impossible for bitcoin and I expect more than that before halving takes place in may, if you know how to read charts very well you can make profits during the high and low

Well Bitcoin did not even stay longer in $9,000 level so with this we are looking for much longer momentum to at least hit $10,000 before halving ,what do you think?

Nothing strange about the chart of bitcoin because like other currency there are commonly ups and down and but one think remain for Bitcoin that other currency cant have and that is staying in Rank 1 while other currency have been shaken from their positions from the past.

Market maturity is a good thing which crypto market is getting day by day. Gold, equity market are mature only because they are very old. Give bitcoin some time, it will mature and its price will also get stable. I am just getting the feeling bitcoin price may remain stable around 7000$.

i am doubt with bitcoin can reach $10,000 in near time, look difficult to reach $10,000. in the last few days bitcoin still stable price and there is no sign about bitcoin will increase high price again, for me i still waiting about good sign to buy bitcoin again. so in my opinion bitcoin reach in near time, but it will be for longer time

You are right, as long as the issue of the world economy and political issues are good and there is no sentiment towards cryptocurreny, I think BTC will exceed 10K $. Can be seen from the BTC travel table in the past 1-2 months, and BTC touched 9K $ about 3-4 days ago, this is a good start to 2020 for BTC generally for altcoins. And also if seen from several exchangers, all altcoins have experienced an increase in volume and price in the recent times. It's clear the era of the bullish market is coming soon, many scam coins are piled up to many times the original price. But yes again prediction is just a prediction is not a certainty.

Altcoin will be affected too when bitcoin price pump after halving i;m sure about that because people won't just stick with bitcoin when they already got much profits, they must be pump another altscoin (good alts only ofcourse) so they altseason should be coming later on

And now we can see the correction of the Bitcoin price is happening so that makes the price of Bitcoin fall again to $8500. But I think this is only a short correction and in the next moment I am sure Bitcoin will increase dramatically to 10k.

As it stands, Bitcoin along with many other Digital Currencies have been on a Rampage recently. Some achieving all new highs while BTC is sitting on top of 9k+ usd. Only question that comes to mind now is what next? Will it have enough momentum to break thru to the 10k usd mark or will we see a major price correction? As usual any thoughts and comments are more than welcome.
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As of the latest updates breaking on, that doesn't commence at easier stage of momentum because bitcoin price seems to be pulled back down. Though it reached at $9k but it doesn't stayed on that point and yet it crashed right away. Price corrections still making more fluctuations and right now it was trying to recover to reach the previous spikes.

I would say it is already positive even without the halving coming. Bitcoin even at the rate of current rewards is still getting harder and harder to mine every day with difficulty just increasing to no end. Imagine when 50% of that reward is gone, miners need to keep making money so they will sell only at a profit,,, which will drive price up!

It's not a rampage, although the whole market is somewhat green, we are still far from all time highs, most altcoin at most are still in the -90% from previous high. Only Bitcoin is somewhat recovering, but we still need to touch 5 digit again. $10,000 is very much doable, we just need more blood to pump the price and FOMO to set in again. I'm speculating that as we approach block halving, we might touch 5 digits again, so let's see how it will pan out in the future.

There might be a small correction ahead then we might see a minor dump before May 2020. Again nothing goes as per predictions so the only option which is left to us is to keep a track of bitcoin market price and set multiple notification through various applications which provides an alarm notification when price reaches out set target and then we can act accordingly. No one can predict Bitcoin's price.

a few days ago, I thought that the potential for bitcoin could reach that price, but given the current situation, I think it's quite difficult to see the price of bitcoin reaching the level of $ 10,000 this month. Apparently, the potential for rising bitcoin has stopped at the end of this month, if there is a second potential, then it will begin in the coming February, just like earlier this month.

I thought that after the last correction we will have further increases until breaking the $10k level. Unfortunately, but today's further drops do not look positive and it looks like the price will continue to go down. Let's just hope that the falls will not last long and we will see a rebound during the week, or less.

That looks like a short correction as the price support of bitcoin is really strong. We have some good analysis like this one
https://cointelegraph.com/news/bitcoin-price-slides-to-85k-as-200ma-resistance-keeps-bulls-in-check
We have seen bitcoin can be pumped anytime and this is just the early game of halving and there will be more pump to come just like litecoin. I will never doubt to believe if bitcoin will have the same pump as litecoin when it was faced its halving time last year. Just try to put 10k as the next pit stop and that's more than enough.

if there are no miners there will be no people confirming your block and basically bitcoin will just die since nobody will confirm a single block. If i was a miner i would still continue mining because i invested my hardware for it and everytime a halving happens the price of bitcoin surges up and altcoins will also follow, it would be still worth it because of the price increase.

I think the moment happens all the time. when we pay attention and focus on the actual bitcoin chart we can benefit every day. bitcoin charts move very dynamically and are not in the same trend. we can use it.

10k resistance wont really be that easy to break.Yeah, weve seen that we do climb price too fast but doesnt mean that it will sustain furthermore.
Now the price is somehow stabilizing in 8k which is a good thing but it doesnt give any signs if it would dump or rise on upcoming days or months.Who knows?
Correction is inevitable and can happen anytime thats why you should brace yourself on the potential risk that might happen.

I'm not sure that 10k will be so hard to break. We've seen it before when we sail straight through big psychological barriers. We are still nowhere near ATH, and I think if we see a sudden surge that pushes us back through 9k and goes through 9.5k as well, then there is no reason to think that 10k would bring the rise to a halt. A lot does indeed depend on momentum.

The climbing fast was in consideration of the approaching halving. If allowed to continue in the same momentum we might likely break the ATH before halving or just immediately and will not be good for the progression we expect in the space, and the whales are smart enough to control it. I dont know the place of altcoins in this market, though its having a steady rally and increasing the total marketcap but how long will that be. The build up this year could be on bring more fund to the space and will most likely be from altcoin

This resistance is hard enough to break. many times Bitcoin fails to break this one
the nearest thing to do is breaking that trend line, I dont know when, but I'm sure it will

https://www.tradingview.com/x/uPnE6447/

might reach 10k $ in the middle of this year, coupled with libra and telegram news and maybe after ETH was upgraded to v 2.0 at the end of the year, my predictions this year might reach 13-15k $.
and there will be another decline in 2021 then it will increase at the end of the year.

Bitcoin's momentum is very confusing, there are days where its value goes high continuosly while there are also days where its value falls down all of a sudden. After the sudden rise last 2017, the value of bitcoin hasn't recovered yet ever since and we are all very worried about it. With the upcoming halving, we can say that bitcoin may once again regain its momentum and we will see it break through its last highest record as its value goes up to the moon once again so let us all not stop believing on this.

on other things , like fame for example . the momentum kicks in and you know that its there when someone or something is shining but like bitcoin and cryptos , their shine can also fade away  . in can be in an instant or it can happen in the few weeks  , its unpredictable for short  . no one knows when itl happen  . im saying that bitcoin and cryptos didnt differ on them   . so dont complain too much but instead love it , if ever the momentum for btc finally comes

all predictions that haven't happened yet are likely to happen in the future. but never miss an opportunity. we only hope for an increase but as much as possible we should also be able to find predictions of a fall in the price of bitcoin which could be an opportunity for us to make a profit. especially with the state of the market that is full of updates from this year's big projects. hopefully, really become a good market for this year.

Next thing that happen was the price correction, and it seems like the price have already corrected, so we maybe ready for another pump again.
We need some pump this year as this could hype the market and that's all we need to trigger the bulls and we shall see some small FOMO.
now, market is down, so people stop speculating but so far btc is still sitting at a good price.

Resistance is basically nothing as long as bitcoin wants to go up, resistance is only levels where it asks us if we want to break it or not. We have literally seen bitcoin move from $3k to $14k just last year, it hasn't been even a full year since we made that jump, you think there was no resistance between those prices? There was nothing that could potentially stop us?

We can break any resistance easily as long as we want to, if we think bitcoin is going up we both destroy the resistance ahead and most of the time people remove their orders as well so the resistance gets weaker both by buy orders and cancelled orders at the same time. What we need to focus is not "how bitcoin can go up" but more like "why bitcoin should go up" because if you give people a good reason, they will follow it.

At this point it seems very likely that we are going to see another attempt to try to make the price of bitcoin to reach 10k again, but it is going to be very difficult for bitcoin to reach that price because it is a huge psychological barrier.

Also I cannot help but think that there is a possibility there is a huge level of manipulation going on and all of those that bought recently are going to regret it and lose a significant amount of money if the price of bitcoin begins to go down.

At least it is not $9.6k anymore and dropped a bit so we can call it a correction, we are still around the resistance tho. Anyone thinks we will ever have a hard time about the resistance? It doesn't really look like the resistance will ever be a problem and we will move higher to me but I wouldn't call myself an expert on the subject so maybe I am wrong.

There are tons of so called experts (none of which I trust, they might be correct but doesn't mean I trust them) keep saying bitcoin will have amazing year, every day some other one comes up and says the same thing. I just believe that if we all think bitcoin will go up, if experts do think like that, if everyone agrees on it, that kinda means it should actually go up shouldn't it? That is kinda the whole system how markets work in the end?

The way I look at it is like, who cares? If Bitcoin does drop down below $9k again, that would just be a good thing and give people a chance to buy in again at that price. We all pretty much agree that all signs are pointing to a pretty massive bull run coming up. So a little dip in price shouldn't really hurt anything in the long run. If it dips down again, buy whatever you can at that price. You may not get another opportunity to.

Both of the scenarios are favoring investors,if the price fall?then we can purchase again before bitcoin halving effect takes place,second we can also make money if the price continues to grow because at least all the holders can now take their money after a long waiting for 2 years now.so basically good or bad movement are favor to us holders and accumulating for a long time now.

Traders are the ones who are filling their bags with profit only due to these volatile markets. The quick price pump and dump is making us gain immense profits even in a bearish trend. Resistance has been crossed several times and even the price got back to the support level which is making it more difficult to predict the bitcoin markets.

For me, I find benefits from mid range or short range trading which does not make me bother about the future price but yes, I am the one who closely monitors the graph at least for bitcoins so any such huge pump or dump can be predicted few hours before it happens so it makes me find profits by quickly buying and selling.

I thought given the current news around the world that Bitcoin would have the push it needed for the 10,000 usd mark. Only time will tell.

The charts and patterns are showing bullish signs on the markets. This might not make any price correction but might lead bitcoins to cross $10k in the coming times. Bitcoins were actually in the dip for long time after the end of the bull runs from mid 2017 and from then to now, we could not see the price crossing more than 50% of its actual value. This might chance in few coming months.

Making a enhanced technical analysis and also studying the patterns and charts, a great pump can be predicted to happen shortly which would be followed by a number of pumps which would cross the limit of $10k in no time and the journey would continue until a final price is been reached.

I see bitcoin maintaining its present price (below $10k) until around middle of this year after which the price may drop. This definitely will afford the price other cryptos either directly or indirectly.

Wow that's a really bearish outlook, any suggestions or thoughts into why?

Halving brought to this kind of level and actually it makes people be hopeful enough as this serves as a helping tool for the market to soars high. Though it is quite that slow but its not a problem. The current market momentum is showing great that we might able to reach its peak this year.

What we have now is not to break its momentum and not being in FOMO'ed when we saw dump and sell our Bitcoin cause that will always lead into its ends and lowering down the price.

You should not always thing if that will be a bearish outlook. Some times the correction is needed to search the correct position for bitcoin and the whole of the market. Just expect this will not be so long and that will happened for the next days. This is a common correction that happened in any pump of bitcoin.

Halving is still on the way and I feel like that will be the major driving force for BTC to surpass 10k Maybe with that we will see the resurgence of the market,more ico,ieo or just better project coming up Last year wasnt that all great and many even withdraw for crypto Hoping that the momentum expands and maintain a better market

To me it seems weird to call a rally a correction, since there has been no crash recently unless you think this is a very long term correction, for which I would actually disagree. Not that I do not like the price, who does not like it? But if you are truly practical, to see altcoins priced over $100 now when no one is still really using them I would say is not a correct price.

It will for surely gonna go up sooner or later because everyone will be hype up to the halving event. It will make the investors to invest into bitcoin much more because they know that sooner or later it will become profitable. They are investing in bitcoin because after halving, there is a possibility that the value of it will be higher than they expect.

I do love what is going on in the space currently, the euphoria that people were shouting 10X forgetting where we were coming from need a reality check. I do believe the price is upward direction but we need to be realist, the coronavirus also is not helping because people are not able to move out and make money that should fuel the next bull run

Well it's a sight to see to say the least and on the other side of things the Dow Jones is having a nightmarish like week as well. Good thing it is the end of the work week.

Dow Jones crashed that much and having hard time to find stability. While bitcoin, despite of the correction, it's being stabilized now and anytime can go back to $9k-$10k lines.
It should also be considered that when you have posted this thread, the month of January started from $7k.

I think bitcoin is already preparing for it's price increase again.
The dump has ended and it seem's like it is being stable at $8.6K so for me it is just waiting to break free and move up again.

This is just in my thoughts as per my observation, the momentum achieved is mere hype nowadays compare to the bitcoin price momentum last 2017, I guess the players are now more careful and more anxious about losing.

To begin with, halving should remove inefficient miners from the market. A lot of obsolete equipment must be turned off. Such events can affect the price of bitcoin only negatively and I assume that it will at least temporarily sag. It will be a fall like around October-November 2018.

Can't be sure with that. Bitcoin is always like that and there are unexpected corrections that usually happen. The momentum that we can speak of with it right now is that the beginning of this year, price was lesser than it is today. Most of the people doesn't see it because they have a sticked mind to $10,000 because it went there and doesn't realized that we're still up and needless to say that it's ready to make its movement upwards.

Yes the Bitcoin price has stable at $8.6k from past 3 days I think the Bitcoin price is still under the support level it can go up in any time once bitcoin price break up supporting level price and I hope it can happen very soon.

After last month bitcoin reached $10k and corrected it back to $8500 which made altcoin a big dump, now bitcoin is back up and altcoin is slowly following. It looks like this will continue to happen quite quickly before the halving bitcoin occurs.

Hi friend .. Look again at the current market conditions, it seems like BTC is still holding below $ 8k and I think it still needs correction with a rather long time to be able to crawl back up to $ 10k.

In 2020 we are still in profit and people are forgetting about that. We have started the year at early 7000's and right now we are at late 7000's as of now. It means bitcoin has actually moved over 10% in profit already in the third month, it has been just 70 or so days since the year started and we are already above 10% in profit and we have even peaked above 20% in profit as well (as high as over 30% in profit) so there is no reason to panic right now and call it a bear run.

We have dropped a lot since our peak in 2020 I agree with that but it has only been 70 days since the year started, the ups and downs are normal and we can still be a bit patient about what's going to happen in the rest 290 days of the year we have left and maybe it could be even better than current situation.

It does not need a correction,,, this is the correction already happening and as usual during a correction it will pullback too far, which is why we will witness a strong bounce soon, before halving happens. Now imagine what happens if it bounces, corrects back AND halving pricing sets in, we should see very, very strong action before end of 2020.

This is how the market moves and as said where correction is an inevitable thing but we cant really guarantee that every pullback does have corresponding jump in price.

We have seen that we do stay on lower lows on bitcoin market or shall we say on the entire crypto.Thing here is that we do have some hopes yet we are heading to halving.

We do see its price goes back to 7k levels but actually this would be a good spot for buyback.

Bitcoin is quite volatile, so it can quickly grow and fall, hopefully soon Bitcoin will be able to grow to $9,000 first, and then to 10,000.

I hope it will but if you are trying to look at the current movement of the market today, you will notice how hard to have such growth.
We are already at declining sentiment and I think that it gonna be at worse as people have to start in panic selling which is quite started by now. We can still be positive about the upcoming halving but it can't be guaranteed that we can experience a skyrocket because it seems to be possible especially that we are still facing a huge health issue which affects the economic system badly.

Obviously, short term decline to me because the negative news around.
However, long term, I'm still seeing a positive growth, As compare to last year, with the price on the $6k range, today around $8k, so still it is one of the best investment asset so far. We still have the halving event, the much anticipated because it could be the catalyst for the bull run that we all have been waiting for.

oh the halving event .  yup that is the only hope that people see's for now or this year rather despite of the continued crisis that we are expriencing right now  .  bitcoin's momentum is on a single movement  i notice  , because if bitcoin is declining it more likely decliine contiued but the moment it rises itl also continue rises   .  i and others more are still optimistic not only this year but aswell as for the next year and decades to come because like what you said  ,  bitcoin is still the best investment ever made so far   .

Bitcoin is currently under 6.5k USD. Is this a sign of a future problematic state?

The current decline in the price of bitcoin are not a sign In my opinion the current decline in the price of bitcoin is due to the shake of the world economy at this time caused by the wider impact of the corona virus that is currently sweeping the world, especially we know if one of the centers of the world economy is a country of China so that with the outbreak of this virus certainly also presents a risk of fear for Cryptocurrency investors and inevitably they will prefer to save their money now. I am optimistic that if the corona virus has subsided it will definitely make the price of bitcoin bull run again.

When you zoom out of bitcoin long enough you see that momentum is almost always towards higher, it is a ups and downs game in the short term but it is always going higher in the long term as well. So, it is of course a shame that bitcoin is down right now and I would always prefer bitcoin going up consistently without ever going down, however that doesn't change the fact that bitcoin should do whatever it needs to clear out the doubters.

For example when we go up too much, I actually like it when we go down afterwards because it means we reached to a point where people who do not believe we can go higher so they sell their coins, that causes us to go down but at least we are now free of those people and can go higher a lot faster. Or maybe we will fail and they are right but I will take my chances.

Seriuosly? Where is the proof? I think bitcoin has fallen for 50% at the current situation. If you think that bitcoin was fallen around 100% then the value will be touch $1 correct me if I'm wrong. In this situation the investor there will choose their money into the safe place like stable coin or gold. Because they don't want to take more risk because the sentiment is still bad to entry. But they should be aware and keep their eyes, if they late to come again then they will be regreted. Bitcoin price will up to $9000 again but indeed we need more time, I hope that halving event will help bitcoin price increase again.

Lol, are you trolling or didn't see the market? The price didn't fell to almost 100% but 50%, if it fell by 100% then its going close to 0. The lowest price I have seen is around $3900 only.

I'm sure you need to check the price first, before putting any comments because it seems that you are really off by a mile here. I don't know if you wanted to create fud or you are just too ignorant to see what is really going on in the last couple of days. If you are not sure, then check the price first.

Some people argue and dare to make the decision to buy BTC, but not a few who exchange with fiat currency and save it in the bank because of being consumed by the issue and afraid of the many negative news stories and I myself prefer to be silent while watching the movement. :D

a situation like the current is wiser to think and analyze well, that every policy that will be taken can certainly be analyzed properly. I agree with you that it is better to look at the situation first and not take actions such as exchanging for fiat and others, because it could happen precisely the loss that will be received. the up and down movements bitcoin are unpredictable and very fast.

But we should already had a game plan for that, when we are investing, we need to carefully plan and determine all the possibilities of market movement.
This kind of big dump did not just happen now, it happen a lot of times in the past, so I think if educate ourselves and learn from our experience if we have, we should already know what to do at the current situation.

Seriously for the first time in history of mankind, being liquid is more beneficial than being invested to anything. Normally prices of everything goes up since inflation and economical troubles causes people to want to get more money but since there can't be more money that causes inflation as well, however right now everything is down from stocks to crypto which results with basically only thing that didn't lost its value as dollar.

I don't know how to react to that, I mean normally when all others fall, at least gold goes up, like gold NEVER goes down during these type of things, yet today we have it down. I am not entirely sure what to expect anymore really. I am thinking about seriously getting something a lot more steady and passive in the investment department to not have these headaches.

Given the fact that in 2013 and 2016, Bitcoin halving brought a very active price increase for the cryptocurrency market, then personally I expect the same trend in 2020.  It is predictable that speculators can manipulate the market in order to get a certain profit now by buying cryptocurrencies at a cheaper price before the next Bitcoin halving.  Perhaps this is exactly what is happening today in the cryptocurrency market.

Whatever plan you have, you are at a disadvantage relative to those who control the market. You can never beat them, the most that can be done is to understand their actions and try to play along with it - that is, play against the rest of the market. But since many traders use this strategy, it is also disadvantageous for most players  :D

Bitcoin is quite volatile on the market, so it can change direction at any time, but I think Bitcoin should grow now, because in just a couple of months Bitcoin will be halving.