Bitcoin Forum

I read a lot of posts talking about expected price of BTC next few months, there are those who are expected to rise by the end of this year, but many expect Bitcoin to decline, as I read at least 6000 what you think?

there is always some people who are expecting bitcoin price to drop for a lot of different reasons (missing the boat, wanting to short,...) and when there is any drop their activity grows!

as to what i think, i think the price will keep going sideways for at least a couple of weeks (maybe until end of Oct.) and then slowly rises back up. if we see it go above $9k and get closer to $10k i expect another big FOMO (https://bitcointalk.org/index.php?topic=5189172.0) to take place and take the price up above $14k super fast.

So you do not agree with this bitcoin will back to $6000 by the end of this year?

A lot of people are expecting it to drop below 6000$. Probably because of the disappointment with recent Bakkt launch, or just want to buy bitcoin at a low price anyway. I expect it to drop a bit but continue to move sideways rather than full-on downward. The effects of the Bakkt launch couldn't be seen to be in effect immediately so I'd rather hope it goes sideways and slowly moves up because of the plausible effects that it could do in the near few months.

I'm very bullish on bitcoin on the longer term, I expect it to have another leg down then reverse and continue the previous bull run with even more power as the next major move to the upside will probably take us to a price discovery period.

I hope bitcoin go to $10000 at least this year, again, but not sure as many talk about down to $6000.

The behavior of bitcoin cannot be predicted easily, and since price dropped drastically several weeks ago a lot of holders were losing hope. Although this was really shaken our world, that doesn't mean we're quitting. I don't expect a lot of progressive changes to occur, all I wanted to see is the greener future of bitcoin after the fall of value was fully taken into corrections.

I don't agree with those claiming that bitcoin is doomed and the price will fall to dust. After so big drop in the last 2 weeks I am expecting a recovery. Maybe not (directly) to 10000, but at least 8800-9000 (as a first step).
The last week may have not been to productive in China and Germany (national holidays), so maybe now, as they are back, would take advantage of the good prices and .. buy.

well, analyst ,speculation, prediction, FOMO , FUD could be a determinant of the price for the future.
although, i am not sure 100% the price will following one of i say before.
u know, as there are many market factors involved, and also Bitcoin doesn’t follow the classic market analysis.
i just have little speculation, of course it pure based on my regular review.
if the trend still be like this , and also btc etf approved on middle of october , i surely btc will go to 10-14k end of october.

After Bitcoin's price drop in recent days, today it has been growing steadily since the afternoon and has grown over the past few hours, according to CoinMarketCap, from $ 8,247 to $ 8,288. Of course, while this does not mean much, however, I would like it to continue to grow at the same pace. I do not think that in the near future it will still fall. Most likely, we will finally see the expected growth. It always grows somehow unexpectedly. Still, we have already entered the last quarter of the year. This period has traditionally been marked by a good growth in the cryptocurrency market.

Nobody knows exactly what will happen. This is why many people just rely on technical analysis, whether it be stocks, futures, commodities or crypto. Myself I base my trades off the weekly charts which has a lot of noise filtered out.

If history is to repeat itself then a confirmed bear market will be when the $9000 area gets tested within the next few weeks and fails to close above it. This is what pretty much happened in 2014 and 2018 and lead to a long bear market afterwards. If you sold when these candles closed you would of sold at a good price.

I'm looking at a few possible scenarios.

1) Intermediate bounce into the $9,000s (at least) followed by a trip to the low-mid $6,000s. Pretty well approximated by the first scenario in this post. (https://bitcointalk.org/index.php?topic=5128394.msg52684835#msg52684835)

2) More bearish sideways in this range before a capitulation wick down to the mid-upper $6,000s like this chart. (https://bitcointalk.org/index.php?topic=5140701.msg52674957#msg52674957)

3) A selloff to the 0.786 fib in the $5,400s is possible but the least likely of the three.

from my experience what is often talked about by people then the direction of bitcoin will be the opposite of what you often hear.

I am trying to avoid expectation rather be flexible and open for opportunities
There are still bullish and bearish scenario. Bullish is to break out 8600K  resistance
Bearish is to break down 7700$  support.So anything can happen but i not so much believe in 6K

the pump earlier this year and subsequent correction look an awful lot like the september 2015 - february 2016 period---the beginning of a long term bull market. we might touch $6k in the coming weeks but i'm confident we're not entering a prolonged bear market. i think we'll be uptrending again by next month and will be comfortably above $10k before year end.

I dont want to see that number again so it will be better to go back to 12k. ;D

For me, what comes down must go up and I think I have already said it here before and I got it right.
The pump may be near. It could be just around the corner.

Still it will also be good if it goes deep. Maybe I could buy a lot of it preparing for the future. Somehow, I am still in the buying mood.

I can see a drop to 6000 only because there are weeks that mega dump and spring back up.  I wouldn't be surprised if it does go down as we have seen a sideways market for a little bit.  Leading up to the next halving I dont expect much of a crazy rise but I have been wrong many times before  :D

This is happening from past 18 months but prior to that the predictions used to be true and the unpredictability started only after the massive pump I mean bull run of 2017 last quarter which changed the course of bit coin and this was the time many whales jumped into bitcoin and post which they have controlled the value of bitcoin using the huge bitcoin which they hold.

Of course, no one really know where the price is going to move this quarter, those people that says the price good could to $6k levels could be absolutely correct or ... wrong in the end. That's why this market is really unpredictable, when we thought that the price will go that way, suddenly it goes on the opposite direction. So we can't tell for certain what the price could be, the only thing we can do is not to expect a big pump so that you won't get disappointed. And then you can simply adjust your trading strategy, others, buy in dip and hold, while most of the traders go for short term gain.

I wouldn't mind if bitcoin price reduce more, so as when it skyrocket back altcoin will join with the same momentum to skyrocket with her. Still yet nobody knows what the future holds for us all towards cryptocurrency, whether it will keep waxing strong or fade away in years to come. My only wish is for bitcoin to be adopted globally

The only thing you can do is to speculate what the price would be in the next few months and if anyone tell you that they are certain how the market will perform i can guarantee that they are lying. No one knows exactly how the market will perform and you can speculate how the market should be at a certain point. Earlier the market used to move according to the FUD news more often but now those fluctuation are not that visible. Invest for the long term and do not panic even if you see a minor correction as the market will always recover in the long term.

Exactly. You shouldn't believe in any mere speculations, anyone could make one you and even me but it should only stay it as speculation nevertheless. No one can exactly predict how bitcoins behave so it is better if we could just observe the market and learn to adapt in a single amount of time, make some analysis if possible or trading plan. Just remember not to be panic and extend your patience.

More or less same here.I had one more scenario that we will stay longer time in frame 7400-8500 and finally we will break out to higher levels with some next accumulation between 9300-8500 but for short time
Yesterday all was nice but price fail to pass 8400 even.Close below 8050 will open door to one more last low test

Definitely, no one knows what price could occur in bitcoin. As long there are more demands on bitcoin price it will increase. Hopefully more adoption on bitcoin globally in the future. Also everyone can have their own speculation on btc price as we all know it may decline or surge up so let us do observe the fluctuation in the market.

I dont agree and I dont want to see bitcoin again hitting that kind of number.
It should be enough.
This is happening because of the FUDs that are being scattered.
Add up the Bakkt that had been hyped by most of the users here.
It aint good but also it is not going to last for a long time.
Get ready for a roller coaster ride.
The next correction might go up instead of down.

Kinda hard to tell since we cannot tell the future but basing on the history, I can say we will be in an uptrend by the end of the year.  If the prediction about Bitcoin being $16k this Oct came true, we can expect BTC to break its ATH even before Jan. of 2020 come since it will trigger the investors promo.  People will believe on the prediction of this anonymous person https://cryptopotato.com/the-anonymous-analyst-hits-again-with-julys-bitcoin-price-next-target-16k-in-october/ .  and will blindly buy BTC.

Last time in 2017 price went up to 7700 USD then fall back to 3700 then all the way to 20000 USD. I am not expecting the same pump and dump. This going to hit very hard for all the new people coming to the Crypto Adoption. I think we need to stop the manipulation in the bitcoin market. I am expecting More adoption in market and Stable price action. This is going to be a joke if price up & down over a few thousand bucks in couple of days. We want the price more stable so more investors will come to the market and more liquidity.

I don't want the price to move so fast. The slow it moves the better support it will have. We still need more adoption from countries that are still unware of the benefits of blockchain.

i expect , price recover to 8500 ---9000 per btc this till end october although the downtrend is not over yet , Generally the next dump will not be greater than the first , small pumps will be in short term
bulls accumulate around current prices we cannot said the bear alone dominates the market

I also do not really know what underlies them saying that the price of bitcoin will fall at a price of $ 6000 because I see future developments quite well.

even, for now, I feel that the potential of bitcoin to exceed the price of $ 8500 is quite large. maybe this week. according to predictions and daily analysis that almost every day I see on several trusted websites, saying that the price of bitcoin can reach the level of $ 9000 this month. well, until now the price of bitcoin continues to recover and reaches $ 8400. I am quite optimistic about these predictions and analysis.

Some who expect price drops aim to buy it such price in a cheaper price so they can acquire more, but knowing the price now, it may not touched 6000 this year and preferably never as long as no more FUDS will about to happen and as halving is approaching, I would rather think of positive side that it will goes higher in the next few months so better buy now, than wait for 6000 that can lead for outbreak in BTC if ever happened.

People are confused that is why there is in favor of Bitcoin will rise up and there also in favor that it will fall because Bitcoin is proven unpredictable that is why it was considered a risky investment. If you are confused too then better to invest only you can afford to lose so that in case it will fall then damaged is small.

it is not possible to expect the immediate next move that bitcoin is going to make at times like this where price has a big drop out of nowhere which scares investors into adopting a wait-it-out strategy instead of buying. so all you can do is either take the bigger risks and get involved in the market or do what most others do and wait for the rise then jump back in with a FOMO!
my guess is that we will see this price level for a longer time without going either up or down. then either an attempt to push it down will occur and fail because of the strong buy support at $8k or we simply see a rise to break above $9k at a slow pace then as it goes above that the price shoots up to above $10k-11k

At this moment, Bitcoin is around $8500 already and it pumped a bit after its price yesterday at around $8100. My speculation is that Bitcoin in the next 2-3 months will stay at around $8000-$10000 level like what happened in December 2018 where Bitcoin went sideways for a bit and then pumped instantly in April of 2019. Regarding the $6000 price, if Bitcoin went below its strong support which is at around $7250 then there is a high chance that it will happen.

I dont really listen to others predictions because there's no assurance it will happen, what matters to me now is what I believe in.

For this year I dont have huge expectation for the bitcoin price because I dont see any factor that can affect the price or the market as a whole.

The value is like a roller coaster ride and im used to it.

some say that the price of bitcoin will increase in the coming months. but as has happened before, before the increase occurs, many people certainly hope that there will be a decrease in market prices first so that many people put low prices to make purchases because they do not want to lose the opportunity to be able to buy bitcoin at the lowest prices and make price movements the market dropped dramatically before market prices jumped higher

ouch . its sad to hear that many are expecting for bitcoin to decline while i and many more others are expecting and hopping for a more decent recovery  . this month i predict that the next move of bitcoin will now be in positive direction because september was already over  . they say september is the worst month due to beliefs and i believe on that so now my hopes are really that high that bitcoin can now make a comeback at least 9k to 10k is enough for me

Of course, we should be happy and appreciate the increasing growth of bitcoin. I have seen this so far that crypto use to get power with time holding your coin in the wallet is importantly in crypto.  The sudden increase in price from $5k t $8500k a good change and right now if people have money can invest I hope it will improve trading profit for all traders and investors.

Same with you, I have been seen a lot of prediction in every thread and even in the internet I have seen a lot of articles that tackles about the price of bitcoin. We know this the last quarter of the year where the price will rise up but as you can see the price of bitcoin still remain at the price of 8300$ to 8500$. It's hard to know what would be the next movement of bitcoin but for me, I hope it would not keep on declining.

No need to be sad though, it's just normal to see people predicting the price of bitcoin on the opposite side, maybe they have some motive behind on their TA is really pointing on that direction. But as the price goes, no one has the crystal ball to see the price movement. Eventually, we will cross that 5 digit mark again, it's that there are a lot of going from behind, maybe manipulation but I'm sure when we are going to get there one way or another.

There are two kinds of Bitcoin investors.
Holders who keep their money in Bitcoin and don't worry about the future. Most of them are strong bulls with a very positive attitude.
Bears who always wait for lower prices and almost never buy in. When it drops from 14k to 8k they still say it's not enough and wait for 6k, but when 6k comes they'll wait for 5k.

Even we have expectations in bitcoin price we still don't know what will happen in next few days, weeks and months. Market is volatile so no assurance for everything though lot of us is expecting a higher price this year much better to go in the flow and observe the market.

A lot of people can speculate, but it is better if each people can use their own analysis. But for me who can't do analyze of bitcoin price and chart, i only see people's comment and think which one is really fit for me. And then use it to be my analyze without read chart. In big part, i only see news and reviews.

Bitcoin going down is not something sad, it is the volatile nature of bitcoin that we got accustomed to and we do expect it to go down but that doesn't mean we don't like bitcoin or we do not expect it to go up eventually. Just because I think there is a high chance bitcoin goes under $7k soon doesn't mean I don't believe it will go above $20k one day.

I still think that we will see $30k+ in 2021, that is a solid prediction by me that I have been defending for over a year now, but I still think we will go under $7k soon, short term bear and long term bull is something we should all consider. If you are not bull about the future then you should not be around here, but just because you think bull for the future doesn't mean you should think bitcoin will go up everyday, you realize sometimes it goes down and accept that.

I do not see those ones as bears, they are just wishful thinkers which there is no way that their wish would have affected the market. Everyone is entitled to their own opinion and desire, I guess that is just their desire to buy bitcoin at an extremely cheap price which they may never realize their dream because those value is gone for life as the last of it we will see if the time it was once in the value.

The real bears are those people that are crashing the market by making massive sales when there are some bulls trying their best to keep the market active, and if the market was actually left to the bulls alone who thinks of the future of bitcoin more than now, I think bitcoin price would have been way beyond $50k, but I believe that the bull’s next move now will be stronger than the bears.

As we live in this kind of market, we can't expect other dumps or pumps. For the reason that the market remains unstable, everyone goes into more speculations rather than to keep calm and wait. What if the market turns down? Do people stay in crypto or just leave? 
Isn't really matter if Bitcoin reaches for another peak or not, the most important is to see the people consider its importance and the role that has been taking right now.

Bitcoin market movement is proven unpredictable that is why is was considered a risky investment too therefore  we should not rely to some predictions only as we don't know if where is their sources came from in which some of them can freely express both positive and negative approach for themselves without the support from the real experts.

that is not a right categorization in my opinion. and the definitions aren't  great either.
someone who buys and holds is an investor, there isn't any subtype to investors. bulls and bears are for traders that are actively participating in the market. they buy and sell (doing both not just one) the difference is that bulls expect price to rise, bears expect the price to drop.
anybody who keeps expecting and never buys in, is not even an investors nor a trader nor a bull nor a bear. it is just an observer :)

Here's a quick look at a fractal I often see on BTCUSD. I call it the "scam curve."

My trading group was very bearish in mid-late 2015 when that bear market was ending. We noticed a lot of these bear flags (https://www.chartpatterns.com/flagandpennantcharts.htm) (just like the current one on the daily chart) that were breaking upwards. So we started calling them "scam curves" because we kept shorting them and they kept scamming us out of money. ;D

Anyway, here's a look at how these classically bearish formations sometimes end:

https://i.imgur.com/Yxi5cER.png

And here's a look at the daily BTCUSD chart on Coinbase:

https://i.imgur.com/b1uWJCM.png

Which way will it break? Stay tuned......

You mean something like this? Just noticed this isn't what you were referencing, but another example of your "scam curves" I believe?

https://www.tradingview.com/x/BVOTkl9A/

I do see what you mean. Despite my bearish sentiment, I'd also be going long on a break above that trendline. Even if it was a fakeout and gets rejected by $9k flat, it's still worth the risk reward ratio as the target would be $10K+, ideally getting all the way to $12k resistance. This theory also fits with the full moon reversal (https://bitcointalk.org/index.php?topic=5188537.msg52746278#msg52746278) theory, or at least one of them (going up or down from today) :D

Edit: Looking at the fractal "scam curve" from June you were referencing, there is one key difference (especially on the 4 hr chart):

https://www.tradingview.com/x/rC9ieXIP/

In June the 200 MA is sharply moving upwards in near parabolic manner with Bitcoin finding support and bouncing strong from it; as you would expect from this bullish pressure.
This time the 200 MA is trending downwards with a considerable amount of bearish pressure, so it's certainly easier to argue the differences in these two scenarios.

the 6k$ fall is expected this october as what those analyst says,and according to the thread i have read this past weeks.
the estimated time is atleasrt before the end of this month before the Bullrun happens in the last weeks of december

actually some are waiting for this to happen,specially those who are afraid in buying when the price is at 3k level not they are all eager to atleast buy in lower value before the train runs and left them behind

I agree. There's been quite a lot of issues we've seen with the prices of BTC, mostly seeing it be pretty boring over the recent months due to inactivity.

There's a couple estimates for bullruns and a decent amount of people reckon it'll go to 10,000 this year, but just don't see that being the case for me to be honest 

There was a substantial sell off which brought the price below $8k. Though price was able to come above $8k but the bulls will be capped at $8800. Price is likely to see $6k because when breakout happens after a significant time of consolidation leads to trend continuation. So, more bearish movement is more than expected. But $6k is a strong support, price going below that could lead to a drop of $4k.

Of course, if everyone wants prices to go up, then certainly in the market there will only be people who would buy. some people certainly want prices to fall, with a number of reasons that are accordance in their interest. And FOMO will definitely occur when there is a rapid rise, like a while ago. In my opinion because we will approach the end of the year and the turn of the year, which is the price always goes up at such times. I'm sure we won't fall to $6k, instead prices will continue to go up.

You can't exactly say how the market will behave and move, that is the beauty of Bitcoin.
Having in mind recent behaviour I don't expect some bigger changes. Some corrections that will happen along the way but no.major dip.
Despite some wishful thinking I don't expect significant price rise either so until end of the year price will stay more or less in the same range.

There will definitely be a new move before the halving, the halving is in may and there is about 6-7 months until the halving, that is a loooong time, there could even be 2-3 more big moves, and by big moves I mean stuff like 20%-30% changes, for example the 10k to 8k or even 9k to 11k type of big moves, not 8k to 20k type of huge moves, that rarely happens every year, it usually happens once every few years.

So, I would say the next move could be anything but whatever the next move is, the move after that will be just the opposite, so check out the prices, if it goes to 10k then it will go down to 8k again, if it goes down to 6k then it will go above 8k again, that is at least what I think, I would have drop the price even more before the halving and buy as much as I can if I was a big whale, that way I would profit more after the halving.

We could see many moves like this before the halving, we might see short burst in valuation and correction along the way till the halving and we have seen many scenarios like this in the past and i am expecting the same this time, when the market started rallying last few months i thought we might see a reversal of the trend but right now the market is in the right direction like we saw in the past. Even if you are not a whale the whales will assess the situation and take advantage of the situation  ;).

The point isn't to compare and contrast every example of the fractal. It's to point out there is more than one resolution possible from a classic bear flag. Just keeping an open mind here. Bitcoin tends to surprise.

The market movement seems been played around by the big players, the right direction is seems unclear but same  patterns keeps on occurring. Its better to stay safe and stay away from the market at the moment, seems like a short term investors game.

i see big whales put their trap now in market.they try to manipulate price by make pump in market.i am take rest for a while till market clearly where it will move.i am still see down possibility on $7100 or even $5700.i hope when i enter again i get best price for  my position.technically i see bitcoin price in downtrend.

If people expecting bitcoin price lower than the current price probably they want cheaper price to buy but the expecting sometimes beyond out people expectation that when they see bitcoin price decline then most of them forget to buy more and be a part of panic sell but as we're 2 month remaining before reach new year then i personally expect bitcoin will surpassing again to $10k or if supose can more than that price

You're right about the downtrend of the bitcoin market which I also believe will happen till early next year but the market wont dump to the $5700 price range you mentioned because the market will actually experience a side ways price movement.  However, the whales are not to blame for what's happening because this is just a logical move in the price of bitcoin market which always when halving is approaching.

No truer words have ever been written, bro.  People here tend to forget that not so long ago bitcoin was trading for just $3200 and that it took a rocket ride up to $10,000 before dipping back down to where it is now.  The mood really isn't bearish.  This is just a minor correction in my opinion.

Also, my personal thoughts are that when bitcoin busts out of this pool of still water that its in, it will be to the upside.  I'm fairly sure of this, and the only real question in my mind is how long it's going to take for it to happen.

A lot of people do really expect that bitcoin could reach increase it's price higher before the end of this year because i also see that bitcoin has potential to increase it's price up to 20k USD again just like in the year of 2017. However, if bitcoin increase it's price before the end of this year it will definitely will go down in the start of the year of 2020.

Probably the next big move of bitcoin will happen by the month of December taking the price move above $15000. Before that we can expect the market to go above $10000 as the market isn't bearish. The price has gained good resistance which hasn't let the price fall low to $8000 for a long. Maybe if this resistance gets broken we might experience the fall of price going low to $6500.

I think the same. At the end of this year, we may see the Bitcoin price decline. And at the beginning of the next year, we will see a good pump in Bitcoin price and in the whole crypto market. However, Bitcoin's decline price can even go 5500 USD, I mean under 6K and there are other possibilities that BTC can stick on 7500-8000 USD. We don't know the exact amount, but all are these are possibilities.

I think bitcoin will not drop in to that price maybe bitcoin price now is dropping but not reach that $6000.
Before the end of this year i expect that bitcoin will goes up until $12000

Yeah, I don't think the price would drop this low to 6k$, not now at least. I suppose 7200$ could be the lowest it would get but BTC right now seems to be in a good position and I don't expect any further decline in its value. In fact, we can anticipate a good five figured value by the year's end ranging somewhere between 11-12K$...

at the moment I also don't think that the price of bitcoin will reach the level of $ 6000, but on the other hand, I'm also not so sure that the price of bitcoin can reach the price of $ 12000 at the end of the year. maybe the price of bitcoin can reach $ 12000 if developments in November will be very good. however, I might feel that the bitcoin price range at the end of the year could be $ 9,000 to $ 11,000. for now, I think like that.

I would say that with Bitcoin and the way the whole market is, all predictions and projections are just speculations of what can happen with the price of Bitcoin. It means that one's guess can be as good as yours and mine. There are all possibilities with Bitcoin going down or going up, anytime. Which prediction Bitcoin will go will be known over time. It must be noted that there are people who made it their habit to predict that Bitcoin can crash anytime even going back to zero soon. Listening to these people can make one get discouraged on Bitcoin but fortunately we know much better and we don't anymore give credence to what these might say. Now, on the other side of the table are people who always love to get media attention by predicting unbelievable predictions for Bitcoin. Listening to them can make you over optimistic and can lead one to a misinformed decision dealing with Bitcoin. Go for a more sane analysis on Bitcoin and not to these people who are just here to get the attention they are craving.



There is no chance that Bitcoin can get back to the $12000 within this year, in the remaining days of the year 2019. There is however a big possibility for that in 2020. We can be lucky if Bitcoin can stay at $9000 for this year as the market seems to be more inclined to go sideways barring no big good news on the horizon. Overall, I am still happy with Bitcoin as the year is soon ending. With next year's halving, the time to accumulate more is now.

That would be too low in my opinion.
I'd go 7k but never less than that. 6k could make higher kinds of FUD that might deteriorate the value of bitcoin once again.
The fudsters are just there in the shadows just waiting for the right time. Taking bitcoin to plunge in a very low price so that they could buy or suggest their own altcoins.

I tried to make it higher than yours about $9k to $10k since the market shows some pumps nowadays. It has to think that bullish isn't in the way but not say that we are plunging down hard below $7k. If the market sustains the recent position we'll eventually end up this year at good price.
We all still be hopeful that even we don't see huge market increase but still we are able to make a profit, and this is the most important.

There definitely is a chance for Bitcoin to reach $12k again this year, it just isn't very likely. I think that's a better way to say it. Bitcoin has time on time again proven to do that what people didn't expect to happen.

Right? I'm still flabbergasted by where we are today, because it's not even that long ago where the price was bouncing between the $3k and $4k mark.... we are still +100% above that after a +40% correction from the top.

I expect the price to take one more hit before we can start to focus on a recovery again. My guess is $6k and from there we will probably have some months of sideways consolidation to explode up and leave these levels behind for ever.

I don't have big expectations in sense of price rise. Currently we are experiencing one more price correction and I suppose there will be some more until end of the year. However, I don't expect some major price fall but there will be no significant price rise either. If we touch 10000$ by the end of the year that will be success.

Nailed it, FUD have already started and they are doing they best which they can do that's creating more and more panic selling so that they can purchase bitcoin at lower price and then sell it when the price goes back to normal but I feel there is some bigger organization behind these fudsters. But there is a thin line between creating FUD and portraying the marking situation with a glimpse of negativity, I think its time that the users should stop paying heed to negativity and just focus on longer term goals.

Well, looking at how much it dropped these days I would say the next stop would be up. I don't mean really up, like $10k+ or something, I just mean $8.2 or something because that is literally what bitcoin has been doing for a long long time.

You guys ever realized that bitcoin sometimes goes up and sometimes it goes down but 99% of the time it is around the same prices? Like yeah sure sometimes it is $20k and sometimes it is $3k but usually it goes up and down between the same price most of the time. So, I think we are right in those times, the price is going down but the price will go up again to $8.5k maybe at most and then stay there for a while and then go back down so forth until the cycle is broken and something even bigger happens, until then we are stuck here as always.

Since you made your post we have seen mostly sideways action without the price taking any clear trajectory, but during the past days the volatility of the market has increased and now it is going up, but even with the recent growth it is difficult to know if this is the beginning of a new trend in the upward direction or if this was just a reaction to the price of bitcoin being so low and whales taking the chance to accumulate some coins in the process.