Bitcoin Forum

The price of bitcoin is slowly going down since yesterday. After 2 weeks of upward trend in the price of bitcoin, are we going to see sub-400 again?
I've been looking for a news that might be the reason for this time but I found nothing much.
So what do you think?

I can't see it going below 400, this is where it should be after all of the Hearn drama and other things the last couple months.  If it does go sub 400 then it is a good buy.

I have to admit it has dropped faster than I would've expected today. A bit of correction was unavoidable, but it is a bit oversold now imo. I don't expect sub 400 coins again.

We'll likely see it bounce back to mid 42x again tomorrow if nothing strange happens. Probably a lot of people had to close their positions to avoid major losses which caused the price to drop down significantly.

I really don't think we'll be going that low yet, this was just a correction after a rally that got ahead of itself.  I think we'll hold the 420 range for a bit before possibly starting up another bubble to test 500.  If we break the strong resistance around 416 that we've found then we'll probably end up at least testing 400, though.  Psychological resistance will be strong there, so it will come down to how bad the market wants it to stay up..

I thought the price would reach at least 470 before dropping. I do think we will drop below 400, but not much lower than 370-380.

It is surely possible after the sharp fall from $440 but from what it looks like I think we will be able to keep the price above $400. If we go down more then it will cost us a good amount of time before we reach to $440 levels and higher. It costs a lot time to build up the price, but it gets dumped down in a matter of minutes.

If we can drop from $440 to $414 in a very short time, then we can definitely see the $400 level being tested, but I expect it to rise further from here. My target still is somewhere between $440-$450 for this week.

hmm, I just hope that its nothing but a lil correction this time. But didn't a lot thought that we've found a resistance at 435 then it suddenly drop to 425?
From what I saw, I believe that we have witnessed a typical pump and dump yet again.

Price will definitely be around $370-380 by the end of the week or the weekend itself, this pump was complete manipulation through & through. Hearn's words resonate louder than ever.

i don't think so, the price is stable @400
It will continue as-is till halving day.

Yes, I think so my friend. I think there are no particular reasons these days to wait for an impressive upward movement. I think the bitcoin worth will remain stable for several months at this current range $350-450.

price down to $ 415 is very surprising. I was getting scared. if the price will drop to $ 400

A typical pump and dump would've been with a lot more noise. We seemed to be increasing gradually. If someone wants to dump a lot of coins, they make sure to build buy support from people that want to get in on the train before they dump.

I don't think we had resistance at 435, we barely passed that level at all and were still playing in the high 43x and low 44x regions most of the time.

I think 400 will hold. It didn't last time, so if it does then the next push will likely bring us north of 450. If both of those happen then 425 is very unlikely for the near future.

Although the drop yesterday (3%) and today, so far at (0.36%), it's still in a range that is more or less still within being normal in which it always either goes up or down and not something new even though the signs shows something else. In terms of it settling again in around or lower than $400 then I doubt it will go that down this time.

no probably they will play on current range 4xx-450 for some time, until there is the possibility to break 500

i can see another sub 400 if another bad news/drama pop up

I think this is just correction from pump. This can't even considered as a dump..
BTC will continue to rise i think. Or maybe just stay here around 450$.
You must admit this is really good price right now, if you look back 6 months.

It´s doing the same shit for a long time now. So, yes, it will go back sub 400 again I guess. I sold 10% of my BTC yesterday (unfortunately @415 instead of 440) only because this cycle repeated itself for too long now. I am no daytrader and had my coins on a paper wallet for almost 2 years but now it was time to take some risk. So, cmon BTC go to 380.

EDIT: But there is also another cycle that repeats itself every time. And that is, always when I take a risk, it goes badly wrong. So chances are, we will never see sub 400 BTC ever again  :D

i was expecting the $415 price level to hold strong, but now i woke up i see that the price even touched $409. i think we will see the price come very close to $400 these days. i certainly hope we will not go below $400 as it would be sad to see.

I don't have much confidence that we're going to hold over 400 at the moment.  The flashcrash wasn't the end of our downtrend as we've tested below 410 today, so the only thing left is the resistance down at 400.  I've got a short in @419 and pretty confident that I'm going to be making a good bit off it, things just don't look too good for the price at the moment.

Yeah it would be very sad and very disappointing to see if the price falls below $400 as we are expecting that it should reach $500 in next couple of months.

Now that you've said it, I'm slowly lossing confidence for the price to hold over 400. Like what @randy8777 said, it's sad to see the price at sub-400.
I can only hope that it wont go down further and for the mean time, I will try to take profit from small advances.

Most probably... And what's worse it seems that Ethereum is really overtaking. With Bitcoin down say 2x, Ethereum's just have to rise 5x to become number 1, and that's nothing for Ethereum. Thank you Blockstream!

But I guess, in the end... Ethereum really does seem like more mature project, better one wins.

I don't know why we are talking here about Ethereum? I mean there is about 20 maybe more topics in altcoin section.. This is Bitcoin speculation. Leave us and take your M(agic)-ETH with you ;D

Told ya  :D
Shorting after 2 years of Holding and immediately Bad luck

Now there is no such way to see a value less than $400. We can soon see the figure $450.
If the halving has come very close then it might go sub $400 so to have a great increase.

The price could go to $400 again. But it will not stay below that level for too long. The price will rise quickly.

Well  as you see the price went back to 440 and now 422. It's the nature of the beast. In this case bitcoin.

i think isn't after yesterday the price break down to $414 and now seems the price already moved up not much but better than back down to below $400.

That is true,  we are just scaring ourselves if we are thinking about the price dip and adding weight to its dip.. lets think about the dip as a chance for us to buy...

This looks like more than a dip to me.  We already attempted a breakout that made it up to 440 and didn't get anywhere, now the market has lost it's steam and is going to bleed out.  We may get one more run up there before finally heading down, but I don't think sub-400 is too far off.

the time is not yet right for the breakout. so the price is going to stay at this level and go up and down sometimes as big as $30 so that day traders can earn profit from buying low and selling high.
it has always been like this in bitcoin market, just like any other market but with bigger swings.

In any case, I will just take a halt trading rather than selling my btc at a lower price than I purchased it. I was too late to cut my losses when it took a sudden dive.
I could only hope that it won't go sub-400 but if it does, it might be a good time to buy some to balance my previous losses.

You see but then, do you think everyone is going to be moving over to another currency as the major currency soon? Or will this be a long painful transition from Bitcoin to something else that will take 2-3 years.

As i think price range $430- $450 is really bullish and there is pretty good sign exist to cross $500 again when the next week will get start so than we will good up trend and price will get increase for sure.

You were right. We went sub-400 sooner than I thought tho.

May opinion it is down before up.Wait a news from Japan thay want legelise digital currencys like a money
Can you imagine in that country with negative rates

The Japan has negative interest rates, that should make bitcoin ideal to be the currency in that country.

Not likely to go sub 400, it is well over 400 and trend does not seem so negative. Japan did not recognize it as a currency yet?

the price is definitely not going to 400 or prices that are lower than 400 dollars as it is fluctuating from time to time

i think its a great time to buy in order to get some more money as the price is soon going to grow most probably

Yen and every major currency has been.

Any form of fiat eventually loses its true value, but the covered value will always remain the same since its globally accepted.

No matter what happens in Japan or any other well developed country, there won't be any country that will adopt Bitcoin and make it their main currency. It's a dream and nothing more than that. It will never be reality.