Bitcoin Forum

Looking at the good news in the market I think the bitcoin price next time will have growth, but there are two different opinions:
One is that the bitcoin price will drop to $ 5,000 before rebounding
The second is bitcoin will keep the current price over $ 7400 and continue to go up next.
Do you think bitcoin will have a strong correction phase down to $ 5000 or not?

I thought that bitcoin would not be a correction at the $ 5,000 price but I am very confident that bitcoin is now well traveled up.

Yes of course, it's very possible. If bitcoin can be dropped to $ 5000 so I will believe that the price will be pump until $ 50000 too.

there is no reason for bitcoin to drop that low and anyone who is advocating this "opinion" is doing so because they have been left behind and now want a chance to get back in.

the fact is even if there was a big bad news price may not go below $6k. of course we can never predict with 100% accuracy but as i said there is no reason for it to go below that as it was tested many times already and the support there is pretty strong.

Bitcoin is set for the next trend. Even in the lat couple of hours it tarted rising now over $7500 and this is really great news. I think the upward trend will continue and we'll see the market on the rise again.

I think bitcoin will increase in value, and for a $ 5000 price correction will not happen this year. Although the market is currently shaky, but bitcoin mesih into special coins and certainly more can increase.

Some analysts say that bitcoin has reached its bottom and now the trend will only be positive.. it would be certainly nice, but who knows how it happened)

If you ask anyone to give his perfect and 100% correct opinion; then it is impossible.  Even if someone assures you about 100% price up or down movement; never trust him.

But the current circumstances are indicating upward movement.  And the price falling to the levels of 5k seems very difficult if not impossible I think entering at this moment in the market will be a good decision.

In my opinion, Bitcoin will not make correction its price anymore. The price level $7400 shows its growth over the past few months and moving slowly.

Bitcoin will not go down to $5k again. Bitcoin was able to stay around 6K for more than 3 weeks without going down more before finally it cross over back to $7k. I believe the bearish market is fanning out to usher in the bullish rally we are all expecting. The time has come when bitcoin will moon again.

I believe this is just the beginning. Bitcoin have now crossed to the 7500 margin.

Keep in mind this bull-run won’t likely be hassle-free; there will be opportunities to make some small purchases, here and there, in the hopes price will continue to raise past the USD 20k level. Be smart

I'm sure that in the autumn Bitcoin will surprise us with new price records! Now the race has begun. And positive news, he will even more heat up his growth! Therefore, we buy and wait. Good luck to all!

I also do believe we'll hover above the $7k price that it is now, but I have a small issue with why you think we're going to hit back at $5000 and then the rebound will start. Haven't we got there already, I thought it was suopoasd to even be $6k but we moved slightly into $5k. Well, to me I think we're already in the rebound. ATH on my mind now. ;D

I think bitcoin has paid its dues with bearish market since the beginning of the year. The good news was that it could not break the support at $6k all these while. Now that bitcoin has cross back to $7k and tried $8k but pulled back. The next move should be to the moons towards the remaining end of the year.

I really think we are going to see 10K around August

I never loose hope that bitcoin is goes up like that value 10K if that happen in around month of August I think all investor's and trader's are become happy cause there investment will grow in high profitable income.

Indeed, this is what most people expect to continue to see further uptrend, strong support will not diminish more value, may just rise slowly and not let news disrupt market movements to rise, in the near future there is a big difference in waiting for the amount of new money coming in for trying to pump prices above $ 7500, the risk is inevitable for people who want to play the market movement.

i think you can clearly see now that all those drop to $5000, $3000, etc have been silly guesses made by FUD spreaders and none of them had any merit to it.
let this be a lesson to you so that in the future you don't listen to idiotic guesses that you read on the internet.

I don't think Bitcoin will fall to $5,000. Because such prices will first cause miners to lose money, many investors have recently joined the market. I believe that you have read the news about the ETF!

I don’t think bitcoin will drop now. As far as I understand by analyzing the graph it seems like bitcoin will hit milestones this year. It may pump upto 50k USD. Some experts are also saying about this bull run.

I don’t think bitcoin will drop now. As far as I understand by analyzing the graph it seems like bitcoin will hit milestones this year. It may pump upto 50k USD. Some experts are also saying about this bull run.

The recent growth of Bitcoin is looking very well. I think it is going to have a massive boost in this year. It may breaks the previous records. It will may go to somewhere between 20k USD to 40k USD.

I don’t it will be a good idea to join this. Their given information doesn’t satisfy me. If you read it carefully you will findout that there is some confusing information are given. And they haven’t given proper info about their team.

yes maybe now is the time bitcoin prices to recover the price and it's time bitcoin to increase prices and become a trend. you should be able to take advantage of moments like this to benefit from bitcoin.

People are giving different opinions in Bitcoins latest growth. So it is little bit confusing. The crypto world is uncertain so it it normal that we can’t be assured about the growth of currency. But I hope Bitcoin will go further than ever this year.

bitcoin is gaining popularity and trust of the users because of it good position in the market it offers the users profit with safety and the experts are claiming that bitcoin will surprise us with a new record so it is the future for the new generation and it will definitely turn in to a trend

It looks like we are in rising trend and the price has crossed 8000$.
Although it's about to see is this is going to last or is just temporary pump. Hope this will continue without further corrections but I think that it will last a while until the price goes to 10000$ again.

Bitcoin will not stoop down to 5,000$ level anymore but it will definitely keep increasing if it can continue it's current growth in a consistent manner. It was not stable before booming all of a sudden.

I don't think there is any correction in the near future, I have read it many times before, but now the market has recovered and it looks like and I'm sure the market will continue to increase until August. Each has a different view on this and that is my view of the current market recovery.

BTC most probably going up this year, I assume. But nobody can say what is going to happen next. Tend to go price by $5000 may be will not happen this year. We just have to wait and see, as all assumptions are volatile as the market is.

I think the value of Bitcoin will rise but it is not possible to give 100% opinion. I think Bitcoin has the potentialities to stay around 60k or more without falling down its present price.

I don't think Bitcoin will stoop down to 5,000$ level anymore but it will definitely keep increasing if it can continue its current track which is very similar to last year's. It is being very unstable before skyrocketing when no one ever predicted.

I am optimistic that Bitcoin prices can last long enough with stable conditions and even prices can continue to increase. A lot of data explain that now cryptocurrencies are in good condition, after some time ago experienced a bad condition now crypto is starting to have improved capabilities and more and more people are starting to use crypto regularly.

I believe bitcoin can.i think the pump of bitcoin is not for short time . we have to just keep faith on bitcoin hopefully will reached the highest peak.

I really don't think that's the point, The correction might occur any time soon, I really think we are still not ready for the big leap yet there are this chasm or barrier that really don't let us see another pump, And I think we definitely need a correction right now, And in my opinion the increase of bitcoin is premature and we might see another correction, And just looking at the marketcap a lot of Altcoins are dropping right now this is obviously a changing Altcoins to bitcoin of a lot in the community. 

I think there are no reason fall down bitcoin price. Bitcoin are more reliable and progressive coin in crypto market. It is hard to guess, but the current market value tells us that Bitcoin will not lower the price. With the demand increasing day by day, the demand will increase with the price.

From my point of view it’s a great news. A new trend is set by the bit coin. The couple of hours the price raise to 7500 dollar. I think this trend will continue  and I hope the market rise again.

Bitcoin is moving fast towards in increase trend. After a long gap the price started to increase, hope this rise will continue in near future. Current pump will make many bitcoin investors and bitcoin holders very happy. It will increase day by day and soon the bull market will occur. Till that we have to wait with patience and hold the bitcoin. Hope at the beginning of august it will touch $10k and above if the current growth continues.

The problem is that BITCOIN will not trend if it can't reach new heights that normal crypto can't. So even if it's that old sometimes it's still won't enough to give everybody money every time. So this timewe are expecting bitcointo breakthrough new higher heights with unsual growth rate of an abnornal coin. Better keep saving up for the big event.

bottom last time was almost $5900 then it rebounds up to $8000 for the present one then it will drop again to its new bottom of $5k? I don't think it will happen again with its current trend there's no guarantee about that speculation but we may take it into consideration due to past corrections but again the opposite is happening right now though we are experiencing some downs it may be a temporal one.

The predictions is very tough to determine, and I congratulate those who bought bitcoin at the price of $5900. As I've noticed the last update few hours ago there's a minimal fluctuations happening, and as per analysis here its now stabilizing its value at $8200. Hopefully we won't be seeing a downtrend again, and those who hold their asset will not be greed as they find it profitable when they see bitcoin value was at that stage after all.

But for this time i do not think that the price is going to fell down again, this time it is expected that the bitcoin price will continue increasing and hopefully very soon bitcoin will recover its previous all time high price. I think that now it is the best time to do investment in bitcoin and do not lose the chance to trading in a low price. I think that in future we may not see bitcoin price trading in current price.

Yes this is good news for the users who believes on bitcoin future. Price increase so we hope that it will continues going to the moon. It might drops but I believe price will skyrocket this time.

I think bitcoin will not go down again in 5k price because it's continuously to moving up. So I'm choosing to be positive in moving up of bitcoin instead of thinking about the phase down of price of bitcoin.

The support probably now believed at $7,000 just to be sure but there are others saying that our new support is now @ $8,000. I'm choosing to be positive too most of the time and remain optimistic on how this market will change the future of many things, financial, lives of holders, etc. I saw it that it was on red for today and it has decrease a bit of $200 and that's very common when we see bitcoin moves up quickly, it will be followed by a quick correction.

The correction is quite natural and it is seen from the red market on all exchange. Bitcoin prices have increased significantly over the past few days, I admit that this is a surprise and a drop that only a few percent of this will not reduce our level of confidence in Bitcoin. Believe that when there is a decline then we must be ready will happen next pumping. Opportunities are still very open therefore we are just patient enough to get the best results.

The price is increasing, to which I am somewhat surprised, as the ETF thing got delayed to like September, so the price might go down a little during this week(end). But on the long run, the price is gonna rise, and that's what matters.

Fluctuations will always be possible to happen after the current price spikes few hours ago. We all knew it and the predictions create fears on some newbie traders, but somehow it do inspires us to remain on our strong hold. The motivational aspects is due to our dedication on bitcoin, as well as determination to aim for a profitable gains.

Pump > decline > pump

That's the sequence of every correction that we are going through. Many altcoins have increased after bitcoin went through this very tiny correction.

Again, bitcoin will start to move to another support probably it will go now to $8,500 - $8.700.

Even if Bitcoin comes down to the mark 5,000$ which it did even last year, even then there's a possibility of it rising to 20,000$ mark. If you search the web, you'll find finance gurus and experts are predicting a bull run this year, where many have predicted that BTC will rise upto 40,000$. These are just possibilities, but I would suggest you to have faith.

Of course there will always be two opposing opinions. But personally, I don't think that the price could drop to $5000 because we already hit the bottom this year. The price keeps on going on a upward trend because of the ETF news. And now its been pushed above $8000 and even others claim it peaked at $8500 (haven't seen it). But even if SEC disapproves the application the bottom that I'm seeing is $6000 before traders and investors started to panic buy again. And I still think that there will be a lot of good news in the coming weeks or months that will push the price and not hit the floor at $5000.

I don't think the price will go that below and will continue to go up from the current value. The price has recovered and I see no reason for it to go to another dip again. Just hoping for the best.

We have seen it already, price may have dropped below $6,000 but it never went further to touch even at $5,000. At current price of $8,000, it may drop to $7,000 again because of the weak trading during weekends but I don't see any reason why it will go down to $6,000 unless another fake news comes out and people believed it.

Bitcoin is a decentralised platform so demand is increasing automatically it will move forward and it is not completely recovered because last year everyone expecting it will reach 30k USD but this will reached in more than 19k USD and this year expectation is 25k USD so we should wait see the future result.

Look:

Winklevoss Twins Bitcoin ETF Application Rejected by SEC (https://cointelegraph.com/news/cnbc-winklevoss-twins-bitcoin-etf-application-rejected-by-sec)

after this news the price of bitcoin fell, this only shows that if all ETFs are disapproved then we will have a great price drop. unfortunately the chances of some ETF being approved are very small and I do not believe that some ETF will be approved

The price of cryptocurrency will always trend due to its very expensive value and those people who invest earlier are obviously earning a huge amount of profit due to volatility of the market.

It is on a great roller coaster deal lately. It went down to $5.8k levels at first than it went up to $6.6k levels, when it dropped to 6.3k levels or so people started to ask if it is going down to $4k levels (some people even said $2k and $3k levels) and than it went up to 7k levels and stayed there a bit and now its at $8k.

It is moving like crazy and we are really scared that we may never know what the next move will be. Will it be $10k ? Will it go down to $6k ? Whats going to happen, we may never know until it happens. Even after bitcoin etf proposal was rejected once again, today bitcoin is showing its strength by bouncing back from $7.8k levels to current $8.2k levels. Bitcoin is into up trend as of now and we may expect this to continue until, we see prices to test $10k levels. If $10k will be holding then we may see prices advancing toward $12k in coming weeks.

As predicted, the prices will go up by the end of this year. Although it did start quite slow, and had created panic among the investors, it did not fail us in the end. Now we just need the prices to reach to a desirable level in order to get our investments back.   

The price right now is still decent in order to invest a huge amount since it was still down to $10k dollars and that is the reason why you should keep on investing even more today in order to earn more profit before the year ends.

As we look into btc chart,  we can see a huge decline and continuously dropping but it have stabilize now at $6k -$6500 range. It is good enough not seeing them falling into $5k again. We knew people wanting more but we can do nothing and only we can do is to patiently keep on waiting and keep believing crypto.

to be honest, i do not think that we are going to see bullish movements at the moment, maybe we will need to wait a few more months until something out happens