Bitcoin Forum

Thats what i see in the btc charts.

I think you are right bitcoin need to pull back a bit to gather enough momentum to be able to break through $3,000. The price has created a very strong resistance at $3000 and breaking it and remain up there may be the next push. Though I am not see this happen this week probably next week.

Nothing wrong with your speculation as everyone can make one. It's easy to say something like "we will head up to $5,000, $6,000 above" "etc etc etc". Right now people are still on hype of BCH but I see they are just waiting for an other exchange that will accepts BCC deposits and eventually will dump this coin.

When will this happen? No one knows. When will bitcoin will breached $3,000 or will continue to climb up more? No one knows too. Just stay tuned for future events that will happened and be sure you are updated.

I think BTC will continue climbing up, as I see, that transactions are faster as before and cheaper. Hardfork was handled smooth and BCH didn't have as many supporters as some feared

Like when speculations in the early years would hope the price to go up at 1k $. But off course there are certain event that could lower or freeze the price like right now where bcc is still being dumped and its price still is at the second most valued altcoin for now. Even though miners of bcc and btc are still having issues, i think once Segwit locks in btc can increase in price.

4000$ is set for bitcoin by this year but going down to 2400$ doesn't show any sort of signs in the market the resistance is too high max bitcoin can fall to is 2600$. This won't happen in a day but it is a 4-5 months process. The only issue would be a price drop 3400$ after reaching 4000$ because of less resistance

I would love to see this chart on that day. There's nothing wrong on this speculation as everyone is even speculating a higher price. I'm targeting to see it land at $3,000 and if there's a pumping power I'll still hold by that time. But experts are giving big value that is making my eyes big, thousands of dollars for the next 5 years is unrealistic.

I don't see it pulling back, at least not in the short term. I think it's more likely it will rise steadily.

A correction will probably happen once it's well into the 3000's.

there is very little chance of that happening. and in fact i don't see it at all unless something terrible happens like bitfinex getting hacked again or something :)

so far there have been multiple pull backs, each of them smaller than the previous one. which indicates the resistance growing and price is gradually rising higher each time it does.

soon there will be another test of $3000 resistance and if it is broken price will go up to $3400 and if not it will fall back to $2700 and stabilizes around $2800 this time.

Absolutely. The hard fork is over and people won't be scared off from buying bitcoins anymore. There's nowhere to go but up from this point on.

I don't think it will pull back to a low price of $2400 before gaining again. The drama is over and investors are going back to bitcoin market again. The path is going to $3000 and that is where I see another correction happening. We have just crossed $2800 and I think we are heading to $3000 soon. But what I'm afraid of this price is that this is mental barrier for most of us so I'm expecting that a dip may occur once we touch it. If there are resistance to this price then its a sign that moving forward the price will probably rise in the coming months.


Yes. This is how I call it now. The feared Aug 1 has passed already without making any significant effect on the price. On the contrary, it bring a positive impact that is why the price is getting nearer $3000 now.

Why $3800? The way I see it, we've now been consolidating for months beneath the highs. If we go to new ATHs after all this accumulation, it doesn't make sense for price to make such a short impulse only into the $3000s. I'm thinking $4000-6500 minimum on the next wave up.

However, I'm not sold on any price prediction right now, either. Everyone I talk to seems very bullish, and no one is taking the potential network split effect of BTC/BCC seriously. I think we could continue to see further congestion for months, or even a downtrend, as we start to approach the November hard fork threat.

There's always some FUD to ponder in Bitcoin! :D

There is nothing required for a pullback. The price is growing good and there is not much of impacts felt just because of the splitting creating a new altcoin named bitcoin cash. Even on splitting the price was quiet staggering and started to show uptrend. Expect that we'll experience $3000 soon.

I think still have some problem about BIP148 lock-in in August 10th, if the whales still want buying more Bitcoin before pump it again, they will find some reason make the trader scared and panic selling for them. So, waiting this time I think not bad with the situation in currently.

you mean a flash crash happened just now? con't find the crash in any exchange charts.

so far from yesterday when you made this comment price has been rising and now it is more than $100 above last day's price.
and this was expected to happen actually.

there is no reason for any pullback now. maybe another rise first then some pullback (opposite of what you said) as a correction. and with the BCC price crashing today even more money is coming to bitcoin.

I expect a ATH break attempt this weekend. Go go BTC  ;D

Also, people are not able to deposit cash into exchanges in the weekend. This weekend allot of people will get their BCH / BCC on the exchanges to sell them. This means more money will be availble to pump the BTC price.

OP has actually a point on his speculation and it is not impossible to happen. It might even reach a new ath by the end of this week or probably next week . Crossing my fingers for this weekend.

Don't act like falling back to the $2400 level is something that may only be caused by a large exchange getting hacked, or some other major drama scenario. In order to fall back from current levels to the $2400 level, the market just needs to go down around ~16%, and that's really it. If you look back at the recent fluctuations, then such price swings aren't that uncommon. Compared to most of the predictions here in this forum, OP's prediction isn't all that bad - it actually makes sense.

Where is it? btc charts?

Some people are predicting that by the end of August the price will be more than $3000. these analysts and their predictions.

Perhaps this time they will correct their predictions.

I dont usually post any more than what i see in technical possibilities... Maybes and maybe nots.
  No hype intended.


 

It doesn't even crash who said that it is crashed just fake rumors now a days rumors are spread around the world specially social media because social media rise above universe and making false news and people are keep believing so i would like to say that ignore them believe in yourself and other things as well. Because those things are real which you have seen by your own.

Bitcoin price as of now is very high and I think it will continue to increase more in the future. Because many investor as now invest in bitcoin. Those people buy more bitcoin last month they earn profit if they sell their bitcoin . I think 3800 will happen next week or maybe next month.

There will be no correction because it is already corrected so i would like to say that first of all thing before post well your post is to the point but the correction think is not that much great you have mentioned because it is already corrected because bitcoin has not even a single part which is mistakenly wrong or something bad because everything is fixed.

Well, Bitcoin has correction price when Bitcoin Cash increasing and become hot trend on market, from $2900 to around $2700-$2600 in few days before breakout to $3300 in past days. So, next correction price can't drop to under $3000 is possible.

We cannot say there will be no corrections as anytime there will be some whales may start booking profits which may lead to corrections leading to below $3000 also possible. But we can be sure new investments are happening into bitcoins hence price may keep rising toward new ATH and then $3500 also will be possible by the time of segwit activation. But there will zero chances for what OP predicted as I am expecting prices to reach $5000 levels by end of this month.

It is already at that stage but people are little bit afraid or we can say that they are confused about BCC and BTC they are considering them a two different currencies which is not true so they are the simple one currency but it is the child board of bitcoin which is called the unit of bitcoin but more stronger unit of bitcoin that people can gain a lot of money from it.