Bitcoin Forum

BTC Next day (or Next week) Up or Dn?
BTC/USD Weekly: http://www.upsieutoc.com/image/Tc1ubq
and BTC/USD daily: http://www.upsieutoc.com/image/Tc7cvy

How about you?
 

Bitcoin will go down a little bit for a few week before another breakthrough,
we will be facing sub $4000 if we lucky enough or even more and then another spike in the coming month.
i believe it's preparation from the whales to get more Bitcoin and Profit before hardfork,
because we will see a huge blow in that time.

so for coming days i prefer to hold some Fiat to get some cheap Bitcoin before hardfork,
and then sell it a few days/week before hardfork begin and then cash out for a month.
it'll be huge and need a month or more to recover and then hit another ATH again like before.

I'm quite optimistic this time that the price would get back to its former glory $4600 this coming week. That or it will continue to plummet and give people a very small time frame that they could take advantage of and buy more. Really wanted the price to go down further for me to snatch a couple more along the way, but China says no apparently. :/

And November seems to be quite promising. Floodgates or train? Nobody's certain as of yet.

BTC is extremely bullish since the beggining of 2016 - FUD could only drop if for a few days, a week maximum - then it always continued to grow. In a recent week we had 2 waves of "China bans Bitcoin" FUD, and a lot of hard fork FUD prior to that, yet we haven't entered any bear market, only some local dips. It may be hard to say when exactly will bear market start, but it's clear that it is not here yet. In 2014 Bitcoin's price was severely crippled by a similar FUD, but todays Bitcoin is much stronger.

OP, you are trying to make it look like a bearish scene but on what basis?
Just because everyone is thinking China could take back their participation completely out of bitcoins doesn't mean btc could drop that hard, because now it's not China alone that controls the BTC markets but almost a lot of countries are now holding some handsome shares in btc and it should be deemed that bitcoins are unstoppable no matter what happens. I still feel that resistance above 5k has chances to be broken and we are yet to see some awesome new ATH levels that nobody have thought of.

People will not want to miss this downward trend and will probably buy resulting in the price rebound. Tomorrow we maybe in the $4300-$4400 range. And when everything has settled down we may go back to its former glory of $4600-$5000 again. This daily price swing will continue up until we touch $5000 again which will be very critical. The question is whether its sustainable or another panic occurs pulling the price back again. China's news will just be another bump along the way but just like any bumps that we faced, we are going to pass it again with flying colors.

This is like arbitrage quickly. I missed 3900$ dip, but I won't miss other dips. I'mma buy  bunches. Bitcoin is to be bought when it's in the dip. The dips are not for being panic, it's for gettin more cheap bitcoins.

the long term trend is always up and there is nothing that can change that as long as bitcoin is alive and it is alive and kicking and getting more lively with SegWit followed by Lightning Network.

in short term you will always see fluctuations. sometimes hard ups and downs. for the time being the FUD about China is strong and there may be more drop but at the same time, there can be another news that changes the direction at any time and change the trend into a rising one with a lot of FOMO buying!

the same investors who panic sell will always panic buy too.

It could just be a bump in a road to a higher level like 6-7k but i think it depends a lot on whether or not this news about China banning all exchanges turns out to be legit or just plain BS.

Long term as talkbitcoin said, it's always going to be up.

However i don't think that we can go up much further because we are pretty deep in the bubble right now. If things don't get better soon we could potentially go back to $3k or thereabouts, it's just how volatile things are in a bubble economy.

I still believe in the future of Bitcoin. Looking at the general trend, bitcoins increase and do not intend to stop. We only need to understand the offset rule: up - down. Take a step back and take 2 steps. So do not worry about Bitcoin prices dropping. It's  take gaining momentum to hit a new record!

That is a reality. Somebody will feel that a rally is about to start and immediately all those who have sold will get the Fear of Missing Out. FOMO will bring hordes of profit takers back into bitcoin.

we have had the corrections and then some more. there is no room left for any logical drops and the analysis also points to that. the bottom at $4100 is a good resistance point for bitcoin price at this point.

but the problem is that market has never cared for these things. specially when FUD can rule the price. we have seen this multiple times. I can give you FUD examples dating back to 2014 since that is when I started and I have first hand experience but also I can find examples older from early days of $2 price.
it is sometimes as if some people have plans on shorting bitcoin. they try so hard with the spread of FUD and it is usually effective too.

but it never lasts. you can only short bitcoin so far before you lose money. simply because you can not stop the adoption. it happens and the long term trend will be rise.

I think due to ICO ban, the rumors and the uncertainty that came along with it, all the weak hands are out at the moment.
I suppose the price around 4K is something like the bottom we have reached.
And if this really is the bottom, it's a pretty high one!
Once the fear of the panic sellers has settled, many of them will return into the market.
And that will bring us back on track to hit the 5K again. Maybe in October.

So much FUD the last 3 days and the guys behind this are still not able to bring the price below $4000!!
And I'm pretty sure this wasn't planned as they continue fudding here and social media with fresh created accounts or sock puppets.
Every day they try to bring the price down even more is going to be very expensive.

its a number game now as we seen those fud and critics are trying harder to bring the value down and supports and new investors are taking advantage,
i think keep watching the trend and buy as you can, value will rises back after some weeks or before this month end bitcoin will pumped up to 5k$.

I think all these ups and downs that is happening is a direct result of lots FUDs speculations about China. China this and China that! I believe in one or two weeks from now we would just laughter and move on because the value recovers. 8)

It is most likely going to bounce back up again after the news from China gets confirmed as false rumours. However whether or not we will see such crazy growths as depicted in the chart is another matter.

Personally i don't think that we are going to see an ATH that is higher than $7k. Just because we are most likely already very close to the peak of the bubble, and this bubble may burst at any given moment.

However i do think that we will at least breach $5000, perhaps even $5500, before a potential price adjustment.

All weak hands are NOT out yet.

That only happens when there has been a prolonged drop and people give up in despair. Like at the end of 2016.

At the moment you have some nervous people who are holding and watching and waiting. It bitcoin manages to hold $4000, that will be a major success!

We are minutes away from going under $4000.

What if there will be a need bad news that may happen? we can never assume about people that are spreading so much FUD will just stop by bitcoin just having a dip, certain people wants bitcoin to crash, because they will certainly go with the flow of selling their bitcoin and then that will be their chance in buying bitcoin now that bitcoin had crash and has a small value, we can not control that situation that many people will sell their BTC out of fear.

I'm not that bullish right now since the markets have responded quite negatively to the rumors. The price could potentially crash down to like $3k and even less if the rumors turned out to be true and Chinese government actually does ban all the exchanges this month.

We are under $4000 now and that could trigger some panic sellers, driving the price down with it.

Best case scenario would obviously be a full recovery back up to $5000 or so, and i think it is possible if the rumors turned out to be just rumors, and not official by any means. If that is the case, then $5500-6000 is possible. Otherwise i think short term we may be looking at $3500.

With the Aug. 1 event yesterday provided a valuable lesson for me to remain confident of bitcoin and not panic to sell it, even though it is true the price drops to $3500 but i remain confident after 1 October there will be price spike in bitcoin

Updating... Compare some fluctuations.
https://i.imgur.com/0kKMHyd.jpg
I think LTC & ETH will drop sharply over BTC in 1-2 weeks.

Bitcoin will fall i am sure as china has started banning most of the important components of bitcoin and even the freakin exchanges we will continue to experience a downfall for the next week. The only thing that scares me is what if other countries start doing what china did recently

Chinese are widely involved in bitcoin trading and altcoin platforms if the banned bitcoin then we will surely face the situation like seeing the big dump in upcoming days or next month. You can find the adoption and price rise soon and touch the 5k USD before this year ends.

https://imgur.com/a/wK9ZR
 Updating...

and updating: BTC Price affter Dntrend
https://imgur.com/a/X3esk

There are so many people who predict that bitcoin price will falling soon due to some news that will be doing by China, but i myself haven't yet believed whether it will happened. Hopefully that is just a mere issue, and bitcoin price can continue lead to the altitude, clearly proves the current bitcoin price continues to moving towards the higher.

Using different analysis but a fib extension is giving me a next target of $5866.5

https://www.tradingview.com/x/3OAvzkqb/

After what had happened with the Chinese banning Bitcoin, the trend now is going up, though it seems to be sideways, what I see basing it on the news and current events as well, Bitcoin is less volatile at the moment, but is slowly rising and recovering it's all time high. I think the rise now, is due to the fact that more and more people are now aware with Bitcoin, and not only that, we are also having Bitcoin gold and another fork by November, the move of China only gave publicity to Bitcoin, and now, a lot of people had gotten curious on what is Bitcoin. I think the mainstream media also did their part, they are trying to make headlines back then, but it only given more opportunities to Bitcoin, since we no longer need to advertise it thru mainstream media, however they gave bad publicity, but it's still publicity, and now a lot of countries supports Bitcoin.

I also see that the price of bitcoin now has a steadily rising trend. not as usual which sometimes increases and decreases very quickly. bitcoin prices are now more controlled after China issued their statement. there is a positive side that we can take is that bitcoin is currently more stable and this proved to be able to increase investor interest, especially for those who do not want to take a high risk. stable bitcoin price increases can make investors believe bitcoin does not have a high risk in an investment.

There is no more stable in bitcoin because bitcoin is volatile and unpredictable just look at the price today from yesterday its really different the price was increasing more but there are still possibility that the price of bitcoin could fall or will continue to increase.. And maybe this movement today is a bull trap.. so better to always monitor the price these days because there are traders and weak hands are wanted to sell their bitcoin so the price can be affected that can turn people to panic selling..