Bitcoin Forum

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

The dip is mostly over and prices are recovering now. It can drop below 9000 but I think it will go up.

Actually I also have the same hope that bitcoin prices will continue to increase again, even I'm sure it is. Many people are talking that BTC will increase in the middle of this year but I have not been able to get accurate and reliable information, so now I can only see it and wait.

No and if it does happen then it will be temporary and bounce back

No one can predict the price of bitcoin because its very volatile. And those who have made "accurate" predictions have also made a lot of miss predictions. NO amount of TA can see how it goes because we based everything of speculation as you have said.

The declined is due to a lot of reasons, like government bans, FUD and people staying away and doesn't want to invest into the market because of the reasons above.

But there would be time that the market will rally. Its just the nature of our market.

Yeah yesterday i read so many predictions that btc will decrease drastically with all its arguments but this morning i open it btc still stable. And that prediction goes out to give a statement we will see the next few days more. Which we must understand it only "predict" but it possible that it's true. True or wrong, the certainty will never be known. And as a trader we will continue to participate in the price game plot, if DUMP has to be mentally strong.

For me in short term the BTC price is around 10.2k$ to 11.5k$.
It could not go down to 9k except a very bad news come.

There is no such thing as accurate predictions in crypto world you must got to make risky decisions to make much larger gains to your side those who predict bitcoin are likely to be a spammer or just giving false statements to trigger the panic selling retreat and it goes all along down to low pricing matter.

The reason why Bitcoin price is prolonged and low it was because of false statements and negative feedback that had been given by some confident individual thinking they are right about it on BTC. At first to retreat on the upcoming disaster and giving the vibe of how they plan to sell when it takes the first dump. This was the first reason why it is declining and staying to that price range.

There is a support line at around $9000, but also one around $10,000. Bitcoin seems to be holding above $10,000 and is trading between $10,000 and $12,000.

Part of the reason is that there are a lot of hidden buys set just under $10,000

It must be unpredictable since it is very volatile but there are some that actually predicted the price movement in the near future even if it is not that accurate, it is still amazing.


That is a given since it is only a prediction.


I do not know why a lot of people are panicking with this kind of movement. If you will be asking me it is the time where you plan another strategy for the future pumps that will happen. We are investing, trading and holding digital currencies which are actually volatile assets, so the price will be really unstable. Even before we laid our money in these assets I think everyone should know that it is really like this investing in these assets.

Bitcoin will not drop below 9000. maybe bitcoin will touch that price and move up a little bit again. As of now i am expecting a sideway movement of bitcoin price from 9000 to 11,500 to 13,000. The bitcoin price needs to rest for a little while before running again into a new ATH (All Time High).

For me 9,000 price is the bottom price of bitcoin now. and i will buy alot of btc at that price level.

I think Bitcoin is at a risk now of being ignored by the market and hence its price may not increase as much during a bull run. This is because people are more interested in higher returns investing into alts, and they're also spreading their "core" portfolio into next-gen coins like ADA, EOS, ETH, NEO etc. BTC is viewed as a dinosaur by many investors so there is a chance it could drop in value whilst the majority of the market goes up. Whether it will reach $9k exactly or not is just speculation.

No one can predict the exact price of bitcoin, which is certainly the cause of bitcoin down is one of them the decline in interest to invest in bitcoin, or it could be because some news that gives information about bitcoin is prohibited in some countries.

TA Reasons:
-A single 2000% rise requires a spectacular correction based on the history of bitcoin TA
-Volume did not increase on the last wave up to 20K. Volume must keep increasing to maintain a trend.
-Some indicators on 1W have turned down
-blowout top
-the exponential line that was broken upwards at 8K failed to become support and was broken downwards

Fundamental reasons:
-Tax selling
-Possible insolvency at major exchanges
-Tether
-No more spectacular news to drive prices like the futures openings (which were a huge disappointment with tiny volume)
-Failure to resolve scalability issues
-Failure of lightning network
-Government action
-Competition

that's the thing though! most of those predicting the price drop (who usually predict around $6k) are doing it because they have missed the boat. they have to base for what they are saying, it is just their wish for bitcoin to have another drop so they can not-make the same mistake they made last time.

I wouldn't say it is prolonged. it is not months of downtime. it is only a couple of weeks. and considering bitcoin has been rising for most of 2017, a month of drop and staying down without any major rally is quite expected as a correction.

in the dropping phase which started on 7 of January price already tested the $10k bottom multiple times. once during the initial drop and the peak of panic on 17th and next after the FUD peak of 23rd and finally it was tested yesterday on 26th.

each time the support shows its strength and keeps the price up.
i don't expect this to change even if there were any new FUD and panic which there won't. but as you may well know this is bitcoin and nothing is impossible.

for now you should expect the same sideways although i am still feeling bullish :D

Yeah no one can predict buy anyone can see the buy support placed so that the price of bitcoins would not fall for 9000$ but we cannot disclosed if this price would reached since if another fuds will spread we can see the bottom line of the price reach. But let's think positive about it since the current price of bitcoins are standing on 11269$ at the current rate and maybe this little pump continue and those 10k$ is the lowest price reached by the bitcoin on this year.

No one ignores Bitcoin. This market just follows the money trail. If Bitcoin experiences a stagnant period of time, people tend to shift towards altcoins temporarily to try their luck there. Money doesn't like to sit still doing absolutely nothing. This market is largely driven by events and happenings justifying a bull run to get initiated, where the future markets of last year were a perfect example. As soon as the future markets became active, the market took a few steps back, and rightfully so. Does that mean Bitcoin decreased in value significantly? Technically, yes, but not if you look at how extremely overbought the market was. In other words, current levels aren't all that bad. Still 10x higher than last year. :)

It's gone down below $9000 a few times but bounced back up within about half an hour to 45 minutes.

I think there is a lot of institutional money sitting just below $9000. They want bitcoin to diversify their portfolios, but don't want to overpay, so they've set up buy orders just below $9k to take advantage of flash crashes.

The price increase of bitcoin began after there was a statement about increasing the scalability of the block. People have hope that bitcoin will be used as currency. The network was not ready to change and confidence in bitcoin has declined. I think that bitcoin price will never be below $ 9,000. Once the problem of scalability is solved the price of bitcoin will come back for a few days to $ 20,000. This will begin the growth rates.

As we all know everything is possible to happen, the market fluctuation is unpredictable in its exact figure, but that $9000 price is not impossible infact we are near that price nowadays, but then even though it did dip down i am positive that very soon it will climb up again to the moon because i trust the capability of bitcoin that this is really a reliable investment for everyone😃

It has the chance that it will drop to that price but bitcoin today is recovering now and maybe one day the price of it will go boom again.

That's good analysis brother and these are all affecting bitcoin price movement in all aspects of it while many didn't see it's coming to their face. So let's be straight forward to this, bitcoin needs all of these big news in order to make it rise again and I assume everyone saw all of this and it's not just an opinion but rather a fact.

The price of bitcoin can be any. This will continue until bitcoin is a tool for currency speculators. It is therefore very important to bitcoin used as currency. Everyone who has coins can buy for them goods. It will not stop speculation, but their influence on price will be significantly weakened. Waiting to reduce the cost of transaction and confirmation is immediate.

If the price falls below $ 9,000, it can be difficult to quickly return to increases. Although I don't think the price has dropped to this level yet.

That chance you are mentioning happened already remember? The month of January has been bloody to bitcoin so if you think that it will still drop at $9,000, I don't think so. It's done and what's done is done, so this will be the greener days and bitcoin and other alts are starting to rise. I'm not cutting the joy of every holder and traders here but this green is still uncertain if it will continue or not.

For me no,  cause the price is now in 11k and for sure if the price fluctuate again maybe 10k is enough unless if there's another issue about banning some country that has a huge demand of supply like japan which is has a big plot mining or there's another panic selling.  

Bitcoin prices are fluctuating only because it is being used as an investment vehicle and not yet as a currency. Anyhow there will be no possibility of prices to break $9,000 price levels as per current market sentiment. Confirmation time and transaction fees are getting reduced as people are switching into segwit wallets. I'm expecting bitcoin prices to double in next 30 days. We can expect new all-time high prices by end of this February, I mean to say there will be no possibility of bitcoin prices to break $9,000 price levels even it is being mostly used as investment opportunities.

I don't think the price of bitcoin will reduce to 9000$.Now the price is around 11,000$,soon it will reach more than 13,000$.If you have a bitcoin just hold it to get some more profit.

As I see it, Bitcoin will not go lower than 9 thousand - the crypto market whales will not let this situation. It will be fluctuating for some time, and then start to go up.

I think, bitcoin price will still drop at $9000 to $7000. It was happened past of bitcoin prices that are going dump but for sure it may rise again in the last quarter of this year.

I don't think this is going to happen based on the way bitcoin has performed this days.  I have seeing bitcoin tried to Break  $10,000 downward but failed several times and it has started recovery.Bitcoin falling below $9,000 is still possible but I don't think we could have that now as all the indicators proved the downward trend to be over.from now on I expect a serious price upward movement that might push bitcoin above the last high of $20,000.

As what i have seen on the chart the possibilities that it might get back to $9000 is only 20% and the rest will be higher than that price. By next month we will be experiencing another fork again so expect the price to swing like a slingshot.

Short term wise bitcoin is going to stay above $10k. Only if we see the price of bitcoin consistently below $10k for a few hours, can we say that the support is no longer there at $10k. The only time that bitcoin has crashed below $10k was when the panic dump initially happened, and even then the price rebounded almost instantly back up to $10000-$10500. That's how strong the support is.

I'm not sure why anyone would think bitcoin would crash a lot more, and I would definitely want to see some valid analysis from them as well.

Even if we do not climb to the last all time high, we should still be able to get to at least $15k next month. We're just in the bust phase of the boom/bust cycle. It shouldn't be something to worry about for anyone, in my opinion. It has happened throughout the runup to $20k.

Let the people to predicts it, sometimes they're right and sometimes they're wrong, we personally should be able to deduce some predictions from some people and adapt it to the facts+some things that can affects it.
I don't think bitcoin price will go down to $9k, the prolonged price drop I don't think it will lead to $9k, this is just a slowly movement I guess.. it's still tends lead to recovering to a more higher.

Apart from technical analysis, there are no parameters you can use to value Bitcoin. At least in equity valuations, you have earnings, cash flows, price multiples. etc. People trying to use similar parameters to value Bitcoin end up with ridiculous numbers.
That said, I think it is probable that Bitcoin will go below $9,000. That is more to do with Bitcoin's volatility and where it is trading now, rather than any deep technical analysis.

Bitcon will move blow 10k only in case of another unwaited FUD (but for now everything seems calm) while the volatility is more about the current price movements without any shocks. As we know if something happens to bitcoin then technical analysis is quiet useless during the panic selling (same thing on other markets).

Panic selling causes a lot of problems included low volume and price. 10k$ level is  good support and this pyshological level is reason why people dont wanna to sell. Liquidity is first thing that comes to mind why people wanna to sell so cheap. Hodl is not always option in every market situation. Crashed price can attract more potential investors than fool crowd who wanna to sell for whatever price.

For one thing i know predictions are never accurate , it is just the luck of a person that the prediction he made becomes true but that doesn' mean he was sure about it. So, is with the bitcoin , no one knows 100% that if it will rise or drop to 9000$ . But what i think is that it would not go below 10000$ and may increase in a short time. I don't know the exact amount to which it will increase but it would increase.

This is not about what I think the prices will go either increase or decreases as bitcoin is one of the most unpredictable investment in our generation or for a lifetime. It is dependent on so many factors that’s why we can’t have definite answer if asked about the reason of this pricing. I don’t want to reach 9000$ but if the majority (demand) of investors now is hesitant to go all out then, let the market decide for it.

is terrible when Bitcoin's technical predictions show there will be drastic price declines, sometimes it is a must when we already buy to stop lose immediately and buy again if it has reached the lowest point.

I don't think the price will go much below 9000 even if it tests that level again. It seems that the true bottom should be around 7-8k based on my interpretation of the graphs of the last years.

Exactly! Whether or not it touches any specific figure beyond the range it already HAS, Bitcoin will continue to be volatile and unpredictable - for many years. How can it stabilize when newcomers with their new money are still entering, and will do so for many years? I don't mind it reaching 9k, or even 5k, because I believe all this movement is just part of its trend, but I believe in a price in 2020 and beyond. Will that be 10k or 20k, I can't say. I have hopes, but I can only wait for the reality to arrive.

I believe it's going to go all the down to at least $6000, maybe $4000 even.

We just broke the $10K support, I think with this recent crash we are getting closer to the $7500 to $8500 that some TA have been mentioning in the last couple of weeks.

Let's just look everything at the bright side here, if ever it goes to $4K as you have predicted, then we should take this chance to accumulate more bitcoin in our wallets.

Its really sad to see how the market is going since the beginning of this year. I'm still hoping that come February, everything will be back to normal. The price is moving upward. Let's see how it goes. Another test for bitcoin and its holders.

Bad news continues to bring down bitcoin price after China and South Korea crackdown on cryptocurrency exchanges. The news about UK government to introduce new legislation to regulate the trade of virtual currency also affect the bitcoin. FUD and continued actions by some government on cryptocurrencies notably bitcoin will bring more price dips in the days. Bitcoin falls below $10k with other altcoins followed the bitcoin drop.

The bitcoin price traded today is $ 10,082. Will it continue to $ 9,000 ?...

Go back to your question.
Maybe, because of transaction fees bitcoins are expensive?
Because after the bitcoin boom in December 2017, bitcoin scored the best price which is about $ 20,000, since then bitcoin has a congestion problem, which never goes away and this leads to a very transaction fees expensive. Until now, this problem has not been solved.

seems to have happened below 9000$, even this seems to be going down to 5000$. What is your opinion?

Op at the moment the value of bitcoin on the blockchain is below $9,000 and not just below the amount but it at $8,882.57 as at the time of this post. But all our hope is that sooner or later is will bounce back and we will all smile again just like what happen in November last year.

This is not the end of the world. This is market move that we can always see. Bitcoin couldn't go up always and it needs some break now. Later it will come stronger to the market.

Yes it really now trading below 9000$, but i can hope that it will not cross the barrier of 8000$, i can hope that it will be the bottom for the current dump and after that we are expecting the price of bitcoin to start increasing its price, In fact still most of the investors are not selling their bitcoin and therefore we expect that bitcoin price will get some support at 8000$ and will never drop form that value any more. We are hoping for a new increasing rally of bitcoin price to reach its maximum price again.

Hopefully it does though i'm not in a hurry for btc to bounce. I think everyone's aware that bitcoin is a long term coin along with eth and the top 5 alts. Even if it stays or dip some more, if you're looking long term, it shouldn't worry you