Bitcoin Forum

Two weeks ago everything seemed like we were on a bullish trend towards a 12K mark. Now we're all fearing a 5K resistance level. Thoughts?

https://cryptotradernews.com/crypto-trader-pro/will-bitcoin-fall-to-5k-by-end-of-2019/ (https://cryptotradernews.com/crypto-trader-pro/will-bitcoin-fall-to-5k-by-end-of-2019/)


^^^ good insights on why btc could go up and down.

"Experts believe that Bitcoin’s performance will improve as the US-China trade war intensifies or a no-deal Brexit comes closer."

My favorite takeaway: "Experts believe that institutional investors were at play behind the recent price drop in Bitcoin. Moreover, the scenario may not improve any time soon. Sell-off may intensify and Bitcoin may plunge to $5,000 before Christmas."

Anything is possible but there are far too many people waiting for cheap bitcoins. And I don't see it going that low while there are that many people waiting to buy those coins.  Whenever btc makes a nosedive, people are going to get in line and fill those order books.

LOL
I do not care about the price. Ups and downs whatever it is - if the move is very significant then you can always take leverage from it. If the price is down too much then buy! Do the opposite when it's up.

So let it be at $5k LOL

By the way, in a serious note : I think this time is over. We are looking at five figure again.

^ There are too many factors that can affect the Bitcoin price and the reason for struggling to pump up and now it remains on $8k plus dollar range. Some are believing in playing whales and some are just because of the effect of after launching BAKKT. The fact is an unknown reason why Bitcoin goes up and down. But I am sure that it will not go down it the price of $8k or $7k range. Nevertheless, remember that usually when the end quarter of the year will end, the price goes up and I also believe in the next halving will come. So, it is impossible to go down beyond 5k dollars.

I checked the article, they did give a statement but didn't backed it up with the chart analysis. This is sort of a clickbait executed poorly.  The price could go dip of course there is the possibility since this is the time where small time and big traders are re-accumulating what was dumped two years ago. If the support at $7K will break, the price to dip at $5k or even below it is possible. I doubt it will happen soon, you will have to wait for weeks to see signs.

Who's this "all"? Don't include me to that as I never think of that and that drop to $8,000 isn't really alarming at all.

Although anything can happen, even going back to $1 at 0.00000001%, there are lots of price support levels that need to be break before concluding that we might see a $5,000 resistance level soon. Aside from that, if the price goes back to $5,000 level, then take that as an opportunity to acquire more to your precious stash.

This thread is more appropriate here to discuss: https://bitcointalk.org/index.php?board=57.0

P.S Is that your article? I can't read the whole article content as it needs to be a pro account to view it. I checked the pro account and it's a paid subscription. Gathering users there?

Yes I agree, websites and analysts, "experts", have to publish articles, and sometimes (a lot) they have to create something that is not real. I don't see strong evidences that we can reach 5k level this year
Of course we can reach 1k, 20k, 50k...but they don't have any real conclusion and I disagree with this price, I believe in a sideway market, where we'll end the year at 8 to 10k level, we are in this range for some time

If we look at 2017, september was rough and christmas was heaven. Hopefully you're right!

Eh, no. Wtf it's a five dollar membership why would I be in here promoting that thing how much would I be making?? lol


A $3000 drop from 8K to 5K is very much possible. We've seen worse things happen before.

I clicked on the article, but then the page told me "Hold on! This is for Crypto Trader Pros Only!", which irritated me. Are those who commented on the article actually subscribed/registered there, or do the warning and limitation randomly strike some visitors but not all of them? Or did you actually register only to read it?
Anyway, I hope that we are not heading towards $5k this time. Yes, Bitcoin is down and no, it does not seem to be moving back to $10k. However, maybe the current price is just a stabilization point where Bitcoin will stay for a while. The current price is not great, not terrible IMO. If it stays this way for a while, I am okay with that. But seeing my savings go down very significantly once again? I'd rather not.

On the macro timeframes we're still generally bullish. My opinion is that we won't go below the $7000 mark this year, simply because I'm expecting a significant bounce from the 21 EMA and 10 SMA on the monthly timeframe while there are only 2 months left of this year.. On the weekly we're consolidating and on the daily we're looking kind drippy. I'd expect another leg down before the reversal back to bullish and probably to new all-time-heights.

But unfortunately each year presents a different scenario, honestly, I have no idea what kind of scenario that we are going to see, is it the 2017 or the 2018 or we will have a new one this 2019, such exciting scenario each one of us has their own version of what will happen before the end year, and right now we don't have a hint or even a confirmation, everything is hanging.

I will say that Bitcoin has been very steady and at the moment hovering around the $8000 range for a while since it dropped and I really don't see any reason why it's bound to even go less than the $5000 . I am believing that  $8K will be the lowest price from now till the year end.

Well, the price gets drastically affected by the events worldwide so any outcome means a price change. That's how trading and speculation works, but I don't really follow the speculations anymore. There are too many out there, and whoever gets the right prediction in the end is followed by many... until they mess up. I'd rather follow my own intuition.

So far, the market is still very much fragile, it can move to either direction. For now, with Bitcoin holding above the $8,000 region is pretty solid. There are also a couple of support on the way down, so even if it starts going down it won't easily get to $5k. It has to be a gradual process. Am bullish on Bitcoin for end of the year.

Fundamentally, I would say I'm bullish at the moment, but when I argue with the TA, we are still under the 200 EMA and this is clearly bearish and as longer we stay under it as higher is the chance to drop much deeper. But the market is still manipulated and you can never know what will happen. I'm as a BTC bull would be happy if I get the chance to buy BTC again at 5k, consequently I see long term much more value than 5k.

I hope bitcoin will not reach less than 8k$, the year 2019 is coming to an end and still, bitcoin has no sign of getting up. The market is still fragile and unstable, long term investment is sure for now.

I thought bitcoin in 2019 is similar to 2017's bull run.

From my personal observations,  the price of Bitcoin is not gonna drop down to $5k anymore. The lowest price it is likely to drop down to is $7k.  The rise and fall of Bitcoin is not anything new to a lot of people in the crypto space. The decentralized nature of the entire Bitcoin blockchain network is the major contribute to its price fluctuations.

$5000 BTC is way to low, I do not think that Bitcoin will fall to that category yet.  We have a good resistance from $8k and $7k so Bitcoin falling to $5k even $6k has a small chance to happen.  some of the analyst even stated that there is a good chance that Bitcoin may reach $9k this month.  As far as I can see, $7k would be the lowest Bitcoin can fall this month.

No I will never expect such value for the bitcoin.

When there is bitcoin goes to 10k USD or even more it all be helpful for the investors and holdersczn make some decent money with it. But there is very less opportunity only in coming days

When the price of bitcoin can reach $14000 all of the sudden from $5000 in a much shorter time period, there is also possibility for bitcoin to fall to $5000 in no time. As the price fall below $8000 there is more predictions of bitcoin reaching low. To the expectation there happened upward price move. This has made the price touch $8600.

There are people who are looking for $5000, and this is an expectation based on the upcoming halving which is scheduled for the year 2020. During previous halving the price fell and once again got pumped close to the days of halving.

Bitcoin for $5k  and I really don't care. If I get BTC at $5k I can buy more BTC and increase my Holdings . Because I believe in BTC that one day BTC will be use all over the world and That time bitcoin price will go .....? And everything is possible in crypto. If BTC go down under $3k  I wouldn't be surprised.

The entire Bitcoin market ecosystem is full of huge possibilities and it is very likely that Bitcoin might drop to $5k but there is also a possibility that it might also hit $10k before October comes to an end.  We just have to watch the market and invest strategically.

Indeed but if we look at fundamentals, it is quite impossible for Bitcoin to go back to $5k this month.  the set back caused by the rejection of ETF is not enough to pull Bitcoin price to that level unless something big negative news happen in the market like Satoshi being discovered and arrested .  Also, I read that the least possible price would be around $6k according to chart pattern and that was  3 or 4 days ago, but the chart pattern changes since Bitcoin break the $8500 resistance the other day (it is already Oct. 12 here).

Well there are some "experts" saying that Bitcoin could go down to $6000 or shoot up to $10000. Which means that anything can happen.  ;D. Personally though, I just grow tired of this predictions that I would just rather hold my Bitcoin and see how the market will perform in the long run. People are just putting too much pressures on themselves if they keep on looking at the charts and says this and that, LOL.

Here everyone thinks that he will fall, on the contrary, I think this is a ploy. My forecast is he will go beyond 9000$

That is very possible because in this situation I also believe prices will fall lower, because so far the decline is stronger than the increase so it is not surprising when the recovery does not last for at least a few days. But if the situation can turn positive maybe 7k is the lowest value but this condition will not allow it and the market will crash badly.

At this point anything can happen, bitcoins price can fall even beyond $5k if the resistance can't handle it. Really bitcoin is unpredictable so we can expect even $3k is really possible at this point and going to $15k again is very possible you know how volatile bitcoin is right.

We didn't broke below 7500 and instead, we broke out 8500$ with a high volume. I think we will be here for more, this period seems like an accumulation period. So, this is probably not going to 5000$  currently. On the other hand, with fundamental analysis, we will have another important halving in the near future. This will create a buying power and therefore we won't be going down to 5000$.

It just goes to show you how market sentiment goes. Rise $1,500 and everyone thinks we're going to the moon. Fall $2,000 and all of sudden we're headed to the earth's core. Chances are the reality won't be so extreme. I don't think we'll make it to $5K. I'm betting that any spike down into the $6,000s gets bought up pretty quickly.

It's basically in the same position as it's always been.  Wild swings up and down, what you need to look at is the overall trend and if we are on an upswing which I believe we are.  We should have never spiked to 12k so quick this year but it did so this is the correction.  Can it touch 5, yup it very well can and it would still be higher than the beginning of the year

My thoughts on this $5K target everyone has been throwing around:


There's no point predicting whether we'll get to $5K. It's more useful to watch for bullish reactions at major support levels on the way there. If lower lows are on the way, I believe one of the above support levels will serve as the final bottom.

no , 5k levels are if not impossible , are highly unlikely
despite what some of the analysts were saying , there was no further crash after the 10.500 to 8.000$ price drop
the level is stable and it is not showing any signs of dropping to 7k ish , not even speaking about 5-6k here
while we certainly won't see the promised ATH this year , going from 3k in May to 8k now is good
don't get me wrong , nothing bad would happen if it dropped to 5k or lower , would mean cheaper coins to buy
just as of now I can't see any signs of a coming crash

Charts will give better indications then news, how an article is written can change what might start off neutral into being bullish or bearish.    Also its hard to tell if people have already reacted to what you perceive as new to you, quite alot of the news I've noticed is written after not before the significant change in the market.    This is quite a common mistake but I think its closer to the truth to say news is historical more then predictive and journalists arent trying to make the news so I believe they would agree they record what happened.
  The exception to this idea is where a trend is repeating, if we have an iterative effect in play then the news is describing something ongoing.   If we had an article to describe weakness in FIAT then I'm interested as its not a one off by far.

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

The chart today was to meet old volume, most easily or recently observed on the price rise in the spring of this year but possibly also relevant previous years.   Of course we are under 200 day average but it did attempt to break up today, so 5k is still possible.   I would say 5k is going to be more of an over reaction in price but people might feel its forever at the time, if it happens

Then who are those experts?  ;)

5k USD is way too low for me. I dont think it will go that far. 6k USD is what I believe is the lowest it could go.
But, given the resistance that we are seeing now it may not happen too. Although if it does then I am all the way to a buy mode without any doubts or regrets.
That is way too low and will have sure profit even in a short time.

preparing ourselves at a price of $ 5k is a pretty good thing. however, I also think that the price of bitcoin will not reach that level. until now the price of bitcoin is still at the level of $ 8k, and there is a big possibility to increase due to several developments.

Even though there is quite a lot of resistance from outside parties, such as ETF and other FUDs, I am pretty sure that the price of bitcoin can exceed the $ 9k level this year. if it decreases to reach the level of $ 5k or $ 6k, I think that it is an opportunity to have bitcoin at a cheap price.

I wait that price also so i think positive that bitcoin goes down at $5k and i will buy also bitcoin. And i will keep anf holding it for along investment. So nothing is impossible be positive and do what we thought so that we can achieve our dream by holding bitcoin.

I don't see $5k being out of the question, it was around this price that initiated longer term investors to come into the market last year.
It would no doubt be a level we see investors come back to the market, if $6k level doesn't hold.

Here's an example of how the $5k area could occur, to provide more of a realistic (as well as optimistic) perspective:

Doubt there's anyway we see the prices plummetting to the 5,000 range this year, things are still fairly stable and they haven't crashed or blown up in the recent year.

When it goes down to 6k, it'll hold there and it'll only be some time before bigger investors come into play and take advantage of the lower price.

I think the only way we see this price happening is if a series of whales dump their coins.

Even if the price of bitcoin goes below $6k i hope that will be the last time we will see those prices and even if it goes down just consider it as an opportunity to purchase at a good valuation. If we have the next bull run then there is no way that the price is coming down to these three digit valuation until and unless there is a major issue in the entire market, be it a big global financial crises or some other major crises.

They should had backed it up with a chart however the price movement of bitcoin is based on fundamentals as it now the price might not touch the support at $7000, once the resistance at $7800 was broken the price might retouch it and boom the bullish runs continues, I believed speculators just want the price down to $5000 to that they can buy at having in mind that the halving of bitcoin in 2020 is going to be massive.

Bitcoin will be stable in the range of $ 8000 but may not fall to the price of $ 5,000 because investors still consider the price of $ 7,700 as the lowest point, and I think a series of whales is not possible to throw coins. , seeing the current stable market conditions, but in the end bitcoin news still says that it will grow quickly and some say it is falling badly and only time can determine the price of bitcoin.

I don't think we can say that all possibilities are impossible, you can't say that prices won't fall to $5k, despite the fact that some time ago many people said that the bottom line was at $10k, but the price fell deeper to $8k. You can't say that the price will definitely go up to $12k, but the price will go more to $14k. Bitcoin market cannot be predicted in the long run like this, many unpredictable things can change market conditions right away.

I doubt bitcoin will be $5k but I don't doubt bitcoin could go down anytime soon. I mean look at how people look at bitcoin, everyone thinks it will go down to a really low number and price which is why we all are talking here about the $5k price, hell even $5k could be possible if we go down too much, do you really think if bitcoin goes to $6k then it won't go under neither? We have been falling for a long time if that happens (from all the way from $13.8k at max) so anything under $7k is risky.

Now, if we don't fall then there is no problem because we would go back into bull mode and break $10k once again, however as soon as we start to fall we will definitely have a risky situation where price may hit $5k or at least a bit above that nearby because of the panic sellers.

For now we are holding from that range, but who knows what the market will bring tomorrow and the next day to follow. Some fears that it will fall to $5k level while some are waiting to take that bottom and collect those cheap coins while waiting for the expected halving next year.
It will be a tough job to call your position since volatility is very active inside the market. take your position and wait whether it will brings you the benefits that you are aiming or it will go to the other direction and failed your expectations.

I don't think so, the market is recovering again slowly, so BTC price is also expected to go up again during the next coming months. The actual price is a bit above $8k and it is going up, so it is hard that it will fall below $5k, in the nearest future at least.
However, it is still a good time to buy BTC, at the actual low rate, to make bigger profits soon when the price increase.

I don't see any signs that Bitcoin would fall to that level of price, unless there is a correction or FUDs but I really doubt if there is. But one thing is for sure, once Bitcoin starts to go bullish, expect a bunch of BS Fuds and other negative propaganda that will going to pop out of nowhere.

Bitcoin next month might be bullish if the stable price of $8k continue and I am expecting a $9k by that time somehow. At least $9k is still a reasonable price to argue next month. ;D

not at all, $ 5k for Q 4 this year is not possible because usually ending the year the price of btc will increase maybe for $ 10k will be reached later this year.

People were being too optimistic about the chances of bitcoin of reaching a new all time high when nothing of particular importance was announced at the time, so the movement that began on the first quarter of this year was mostly inspired by the incredibly low price of bitcoin and nothing more, but once the value of bitcoin reached 5 figures the demand dropped and the price decreased once again.

I really believe that 5k is the lowest the price could go this time around but it will not be a fast process, it will probably take at least a few months to see that price, but if the demand begins to increase due to the halving then the lowest price we could see could be closer to 6k or 7k.

The rise and fall of bitcoin is completely normal and we are familiar with that. But I think that in the last months of 2019 Bitcoin will not drop to $ 5k, perhaps Bitcoin will fluctuate in the price of $ 8 ~ $ 10k.

We can talk about bitcoin going down to $5K if bitcoin at $6k but at this moment bitcoin still resists over $8300 despite the recent drop from $8600. Although there are some TA predicted bitcoin will fall to $5K or 6K by the end of the year, but the prediction still too early to put aside some factors that might cause bitcoin to be the opposite, probably going to 5 digits.

Although everything is possible specially its looks like the people interested in Bitcoin is diminishing but i'm also doubtful that Bitcoin will go down to $5,000 this year because it seems that $8,000 resistance is strong which mean many Bitcoin users are still keep on holding and still very optimistic about the Bitcoin future. Same with your speculation it will be $10,000 is my mark before this year would end.

The price of bitcoin are now stable at 8300$ to 8500$ and it still keep on changing. As you can the price of bitcoin already fall down at the price of 7900$ then some of the people predict that it will to continue but, later on bitcoin pump up and reach the price of 8800$+. So for me, its very hard to determine if bitcoin will really fall to 5000$ and if ever this thing happen all altcoin will also fall and it will lead to a bloody market just like what happen in the year 2018.

For sure it is since I think there are so many of them do a stop loss since many are been trapped when bitcoins reach for $10k, But looks like we cannot see the $5k dip since the current price is so stable and provably we can see the price soar high especially at the end of this year and on year 2020 since there is a good event will come.

That could happen, but I don't think it will--but I wouldn't venture to bet on it either way.  Bitcoin is as unpredictable an investment as I've ever seen.  However, it does appear to be stuck where it's at, just as it has been many times before.  I'm hoping that when it breaks out of its range, it'll be to the upside--and either way, I don't think it's going to test $5k by the end of the year.  That isn't too far away, and losing $3k in value in such a short period of time would be icky to say the least.

Anyone who's ever read my posts knows I'm not a believer in TA, so resistance levels don't have much meaning to me.  I constantly see that principle being violated in the market based on threads I read on the forum, so I don't put much stock in that part of the statement. 

It is too early to crumble. Such articles keep coming, nothing can stop them. Whenever bitcoin gains or loses a bit, such articles start publishing with their shitty stats and reasoning. Stop concerning yourself with such articles and keep believing bitcoin.

I agree that it isn't realistic to expect such big price drop although some corrections are possible.
From time to time market shows signs of recovering but still we are missing continuous growth so in fact price is moving back and forth all the time. To my opinion such situation will continue until the end of the year without some significant changes.

We have a strong support level and bitcoin will not come back to $5k, we need to see the pump. It is normal for a hodler to see bitcoin pumping and dumping, so for those new investors don’t panic sell because you will lose money on that, look for the best future of bitcoin, $20k and beyond is still a target for bitcoin.

The important support to look for is $7600. There is enough volume there but if bears go successful in breaking that we might go below $5k as that will follow Fibonacci pattern. But I doubt that is going to happen anytime soon. So far BTC is moving sideways between $8k-$8.5k. There is enough volume to sustain the price at that point.

Looking at how we have been waiting for a bear run for a long time and instead of going down bitcoin actually went up a little bit, I would say the 5k fear is gone for now.

It is bitcoin and we may never know when it will come back and surely I will be afraid of 5k once again if the price goes under 8k again, however for now I feel like I am more pumped about 10k+ because we were there just a month or so ago and its looking like there is no big wall or anything in our way to reach back there, so I would assume bitcoin could go above 10k easily without any hassle from any indicator neither. 5K was a real threat tho, like seriously it looked like we would be going under 5k and reach back the prices pre-April times like 3.4k-4.2k levels but now that looks gone thankfully.

I also think that the price of bitcoin won't reach $ 5k. looking at the current development, I just think that the price of bitcoin will be higher. however, I don't really understand why some people still continue to predict that the price of bitcoin will reach that level, even spreading FUD to make the price of bitcoin go down. in fact, many people predict that the price of bitcoin at the end of this year can reach the level of $ 10k.

In the cryptocurrencies market all things are possible. Bitcoin can get down to $5000 but we should expect it to get to $20,000 before end of January this year.

Last few days there is a major support for $8.1 and it already bounced back and hit $8.3k now. But we don't know what will happen it a few hours or days if it will go down or up and the market is messing us, very unpredictable.

Much better to make a buy position below $8k in case it will plummet really hard just to make sure to take advantage of it and also stop-loss order in case it soared up.

The market is quite stable there is no red sign that continues to continue, for those who spread the FUD that bitcoin will reach $ 5,000 it does not use analysis or imagination, we have to think positively and who are affected by the saying that bitcoin will soon go down, my goal is that bitcoin goes up high in there we will benefit.

Too low figure for me. Last time I checked we are at 6k and never really went down that number afterwards.
It will keep on resisting at that number and might go up in no time in just a manner of time.
For now, the value is still higher than anyone is expecting it.
We are just so used with the 5 digit number for it stayed there for too long.

13k might be the next higher amount and 7k will be its lower. It cannot go down anymore. There will be no correction.

If the price down to $5k, then it will make panicking at the market. People will not think twice about selling their bitcoin because they don't want to see another loss from bitcoin. That will be a great chance for other people who want to buy bitcoin at that price level, and they will make sure to buy a lot of bitcoin while the price is down. But I don't think that the price will get down to $5k because I think we already see the very lowest price before and that could be the last lowest price we've seen this year. But yes, everything can happen in the next month because we don't know what will happen later.

If there will be another attempt at breaking down $7,700 and beyond it's probably going to be soon. Yesterday's daily candle printed a proper downward range expansion:

https://i.imgur.com/URSj0SS.png

On the other hand, time is running out on the weekly downtrend and none of these selloffs are materializing. So we could be forming a major bottom. If this range expansion fails and bulls take it back above $8,400 or so, there will be a daily buy signal.

Very interesting spot to be in!

I don't think that we are in an upward trend a week ago.
The market seems that they have lost the confidence of investors. It would be more an option to drop down below 5k as we are in a stagnant situation all those months.

You are hero member, you are here for years, selling at bottom and buying on top is what makes your money go away. Who sold over 10k, like me for example and many others, are now waiting for good chance to get in again. If it drops to 5k I will double my amount of bitcoins! And many others.
What you talk about here is a nice explanation about what many people are doing and how they trade, it`s how they lose their money and coins. Don`t be like those people!

That's what I've been saying lately, both to myself and in posts I've made.  If you really believe in bitcoin, that it's the king of crypto and will eventually soar then it's times like this when you should be buying, ie, when it's down.  But it never fails that when bitcoin *is* down, people start talking in this doom and gloom manner and start questioning how far it can fall.

Bitcoin certainly could drop to $5000 and even lower.  If and when that happens, you know something?  I'll be buying more of it.  It will be like a liquidation sale at that point.  I don't know why a lot of bitcoiners don't see things that way.

Buying during high and selling during lows? Lol
That would be the dumbest idea ever if someone has to do it. Those people are weak-handed who can't control their self to extend their patience and HODL.

We should be wise to choose our option when investing Bitcoin, just take the failure of the others as a lesson to learn and never do it again.

If you are thinking that the lowest price will provide opportunity to many other to buy a lot of bitcoins then you should also think that if the price of bitcoin come to the lowest i.e $5k, the value of bitcoin will also decrease and nobody here want this as people are waiting for the pump. I think those people who can afford bitcoin should buy it soon because in future the price will be very high as it will not going down to $5k and if they buy bitcoin now it will bring profit for them.

I dont expect anything below $6k which we should see before the end of the year.  The 6k prediction has been around since the 13k dump, by the beginning of 2020 the sentiment should change towards the halving while another pump toward 20k and break the ATH after the halving. Traders strategy now should not be on sentiment especially with  its volatility, buy along any price movement

We have two months to go before the ending of this year, so anything can happen.
The market is still very unstable and has keep fluatulating but it's still the best time for any interested investors to buy.
We may not see the same price we saw in 2019 but hopfully the remaining two months will come with a price pump.

We will see a bear market rally before we get to 5000 because the further we travel from the averages the more stretched the move becomes, same thing applies to when we suddenly rise to 13,000 and people think it can go on forever. 
   The selling will abate without weight behind it but I'd say 6000 is the more likely area for it to ground and find resistance enough to rebound upwards.

I am very optimistic also for what will happen on the remaining months of this year. I hope it will not go down any further but if it will go down, might be a good opportunity to buy some because sooner or later, I have the feeling that it will increase its value. Mass adoption in crypto is real as many more merchants and institutions are participating the blockchain revolution.

While you are right you also need to look at the good side of this, all of those that decide to do the opposite of what is needed to make money in this market and sell at the bottom and buy at the top are the ones that allow people like us to get profits, if it wasn't for them it will be impossible to get profits in the market, and if they were a minority then the profits that we could get will be very low.

But since they are so numerous and they take bad decisions then it has allowed us to enjoy profits that would be unthinkable otherwise, I just hope this state remains for a long time or at least until I can get to my goals.

It is possible but as long as the trend doesn't go down below 7k i'm looking at 7,200 which might be the last drop for me. while 6k is still imminent for the price to drop 5k is still not in range for me unless it does a double bearish pattern that can be a continuation of a bearish. So i'd rather think about 6k first before making a new set of trend analysis.

Just take a breath...
It isn't surprising if Bitcoin's price may go down deeper and reaches $5k or $3k again...The market volatility still unbreakable and any changes may happen is not a thing to worried about and not actually a thing that could lose our hopes. But seeing the market today, I don't think that it will take more dips until we end up this year.

Speculators can speculate all they want be no one can tell if price of Bitcoin will go down further at $5,000 USD. Last year at this month, everyone is saying Bitcoin will go up to $20,000 USD but lo and behold, bull run did not happened. I will just hold on to what I have now rather than panic because someone is saying price of Bitcoin will drop. Its not helping.

You're right, there is no prohibition on speculation, and last year was a really good example of this. however, I still feel that bitcoin probably won't go down at that price. Well, different from last year, in 2018 there was a lot of information that harmed bitcoin, but this year the development is quite different. I am still speculating the price of bitcoin can exceed the price of $ 9,000.

I will not say btc won't go down at that level again because anything is possible in crypto with market unpredictability.

However, in the last quarter of the year, I am optimistic that we will see some good increase here so we can finally call this year a recovery year for BTC.
if the price will drop to $5,000, there's still a recovery but its' not a what we like to see as this year we've reached almost $13K already which is a good price already.

unfortunately, the bitcoin trend is downtrend bro. so it is tend to more dip and dipper until end of this year
many people hope on BAAKT las month but it is so dissapointed for us, it just has low volume even lower than CME
that's one of the reason why the price goes down and down

True, Bitcoin is unpredictable and  any scenario is possible regarding price. However I don't believe that the price will go as low as 5000$ although that number has been spoken of very often. Some further corrections are possible but until the end of the year we will not see some major changes not in positive or negative way.

Actually the threat is absolutely real. My understanding of technical analysis tells that the two major MA i.e. the 50MA and 200MA act like the barometer of market telling what is the current sentiment of market. If the slower is above the faster we are into a bearish mode while if the faster is above the slower we are into a bullish mode. Generally a lot of price action takes place at the crossovers and as per my analysis of BTC/USDT chart one such crossover called the death crossover is due in two or three days which could really trigger some great bearish momentum. So unless there is some strong bullish price action in one or two days we are definitely going down to 6k Ranges.

With enough determination the price can goto 5000 or any price, but we have to ask the question why does the market want to go lower and what changed from earlier in the summer.   To get past many layers of volume and support between here and 5000 will take some power and force of selling, why does that exist and what is the motivation.
   What tends to happen is speculation becomes over emboldened by previous moves, the price going up makes many think it will continue without question.  THe price movement in either direction increasingly raises the prospect of the opposite occurring as the price becomes more attractive to either sellers or buyers.   Especially if the price moves far in a short period of time its liable to rebound back.
5000 I dont think will stick as a price before 2020 and then likely it wont hold that low because of halvening approaching which many are happy to hold BTC for as the block reward is reduced.

Yep, death crosses are pretty scary and the daily chart is threatening one. Keep in mind though, there are sometimes false crosses. In September 2015 there was a death cross right before a huge rally in October. It was the beginning of a multi-year bull market, terrible time to sell!

David published a good video on this topic: 50-Day MA Crossing 200-Day MA Does NOT Necessarily Mean DEATH. (https://www.tradingview.com/chart/BTCUSD/gWrevEoz-50-Day-MA-Crossing-200-Day-MA-Does-NOT-Necessarily-Mean-DEATH/)

While it's hard to predict which direction bitcoin will go but having the halving event coning in next year and the recent bitcoin price movement in calculation it seems bitcoin is doing very well in the range of $8k level. If it was to go further down then by now we would experience it. And also looking at the chart we can say that around at $7.4k we have a very strong support.
So if we really want to see this price of $5k which seems not coming any time, we will need to break the support at $7.4k first. Not sure if we can though.

Even i do not see any major downfall in the market unless and until there is some terrible issue that could affect the entire market, the global financial market is also not that great and we might see a global meltdown in the near future as predicted by some of the financial experts and if that happens it will impact the entire financial market and even the bitcoin market.

I would expect 7400 or something of that sort but not 5000. We are in a strong long term uptrend with a current bottom around 7000 dollars. Also we are in an expanding wedge formation that clearly shows that between the fall in the end of September and now we made higher highs and some higher lows.
I expect us to stay above 7000 and push upwards by the end of this year probably in the beginning of December. They say trend is your friend and bitcoin has been in the same trend for the last 10 years.

People never looked into BAKKT to make help but they waiting for the halving to come as they mostly believe that this will only the one that could help the market. Halving may become a significant way to help the market recover as it shows in the previous halving before. We're not supposed to become hopeless, I know it was a long wait for everyone to see the market moves high again but it was so different now, we need to extend some more patient on it.

Bitcoin might not fall to $5000 but $7500 and $6000 are my own targets. From May till date, Bitcoin has gained over 300%, what is happening now should not be a surprise.

BAAKT attraced many people because it's from big company to institutional investor. but delaying made many investor dissapointed
then the BAAKT launching had only small volume, after that bitcoin price was down
yeah the next big thing will be halving, we hope much in that event. but in 2 previous halving, we know that's not fast growing. still need much time to reach new ATH

I will not be surprised if bitcoin goes under 6K USD or furthermore! Because this dump will stay for a limited time. Whoever will get panic and sell they will regret for sure. Converting into DAI would be great instead of selling at this moment! I hope we will see a bull run between February to March in 2020! Before that, a bear dun also will come.

The 7.9k barrier has been holding very well for us, I doubt we will go back down to 5k anytime soon, I even doubt we will reach 5k ever again. It looks like we have hit the rock bottom for us nowadays and we will definitely go up, I can't guarantee anything other than I have put all my money into bitcoin right now, that is as far as anyone can go for bitcoin.

If you are all in that means you trust the price to go up and I did went all in. I don't think it will go to 20k like some people claim anytime soon neither but if you ask me instead of going down 3.3 thousand dollars it is more likely that we will go up 1.7 thousand dollars, that seems more logical right now. Next few weeks will be the decisive ones, if we move under 8k then anything could happen but if we move above 9k then 10k is quite possible.

$5,000 is way too deep from where we are right now, I strongly believe that (I hope Im not wrong). Around $7,000 probably is the bottom and youre right, were still doing fine at $7,900 from the last 48hrs. As you can see, a lot of hodlers and momentum trades thinks its good to accumulate more Bitcoin in this figure. So, most probably the $7,900 support level still holds tight.

What could be more terrible than the major headlines of the year so far? And if you're struggling to think of any, that's because, other than price updates, there actually hasn't been any significant event... Yet price has gone from 3k, to 12k to now 8k. All without any big event. Bakkt failure? How shocking (not).

Bitcoin forking and the existential threat from bcash was the last absolute big event that should have crashed us. Yet it was the opener to 20k.

Maybe a big bad wolf event is just what we need!

yes $5k is very low and I think we will not see this again because we already had this price of Bitcoin now price of Bitcoin is recovering not coming down, so it is much possible that price of Bitcoin will go up and this time is the accumulation and investment in Bitcoin because may be we will not able to see the present price of Bitcoin again, so we should not wait for $5k.

There's an alternate narrative for that event. The forking event was not Bcash, but Segwit. The market was in extreme uncertainty in June-July 2017. That's when we crashed from $3,000 to the $1,700s, nearly a 42% drop, similar magnitude to now.

Once miners began signalling for BIP 91 the market rebounded hard and once Segwit activated, the market exploded. Markets hate uncertainty and they love to see it resolved. The Bcash fork was then viewed by the market as a dividend for Bitcoin holders, setting off the Bitcoin fork trend, making everyone want to hold BTC.

I agree though, a bad news event (particularly one where the selloff fails to follow through) might be perfect for springing us back into a bull market. Something like the Bitfinex hack in August 2016 or he Silk Road bust in October 2013.

In June most thought we will see new ATH in few months time. That is how it is. Bitcoin goes from FUD to hype and back in a day.

Bitcoin looks to be doing better than expected. Every expects it to go down like crazy before a big upwards movement starts and everyone talks about how bitcoin should be dropping to $5k but we are still going strong, sure we had a little downwards movement and I am upset about it and hope that we will go back up soon but that doesn't mean that bitcoin is down and gone, its still doing quite well and I am pretty sure it will do even better in few weeks.

I am waiting for November already, usually those are the times people start to make their big investments, November and December, if November goes bad then it will be a bad year for us until halving time, if it happens to be good we are going to have a huge bull year in 2020 for sure. Gonna wait another 5 weeks to figure out which one it will be.

It all goes in circle, thats how the market works. FUD and Hype are additional elements to predict and speculate the future price, as it will influence the decisions of the traders and investors.
 I was even one of those who hope to see a new ATH when Bitcoin starts to rally back from $3,000 mark.

That will be a huge downfall which i doubt ever happening especially with the news of bitcoin halving just around the corner. It's possible to see the levels of $7k-$8k but i doubt we would ever sink below this range to over $5k. This is the best of times to get friendly with the use of stable currencies lol.

Yes going below $5k at this particular moment seems unreal as it might fluctuate between $7,500 and $8,500 as of now but sudden dump from the whales might lead to downfall and we could approach $5k but let's keep the negative vibes aside as you said we have stable coin to bank on in case of any debacle.

This is actually one big factor why Bitcoin may not go as low as $5000 as there are people just waiting on the sideline for the dip making this thing like a leverage or insurance for the coin. Right now, there is that good sentiment that by 2020 a bull run can happen that's why Bitcoin holders and traders are not dropping Bitcoin anytime. Of course, anything can happen with this volatile market so my prediction can be as good as anybody else's. Let's just wait for the real score to happen.

I am used to see the price turning ups and down so I wont be surprise if the value will go down to $5k. However I dont think it will happen (though anything is possible as the market is high volatile) because some of us are just waiting for an opportunity to see the price declining to affordable price.

No one knows whats ahead for the future of bitcoin but im certain that many crypto enthusiasts are waiting to buy in dip price so as long as there's a demand the value cant go lower.

I don't see any problem if bitcoin will go down again at $5k, investors can take this as their advantage, there are always possibilities that bitcoin will go down again before the end of the year, just like always happens every end of the year. LOL. Once that holidays seasons are coming bitcoin price always drop, maybe it is because a lot of bitcoin users are withdrawing or selling their coins.

Bitcoin touch the price before to $5k but this time we cannot tell if this will hit to that price. Since these days it varies from 7900-8200$. A lot of reason these down and uptrend for bitcoin but let’s observe what’s ahead to achieve on bitcoin price this year. Well, indeed that's the usual case when the season comes people are cashing out.

I think now the price of bitcoin is very difficult to be able to fall back to the price of $ 5k again because I feel it will approach halving day so the price of bitcoin will not easily fall, demand will definitely increase because many will not want to miss the opportunity to buy bitcoin at prices which is currently still cheap.

Although the market is volatile and price can go down but it seems difficult to me that it will go down once again to low level of $5000 as it has managed to reach $8000 and now we will see bull run soon hitting the market.The investmemts are increasing pumping the prices and increasing the demand so be patient until that time.

maybe you don't see a problem there, but it's very problematic for people who have been holding bitcoin for a long time. if the price of bitcoin touches the price of $ 5k at the moment, isn't that a bad thing? the point is I heard that halving will happen soon when the price of bitcoin goes down at halving, it will be difficult to determine the next pump. That might be a good thing for bitcoin collectors, but I don't think bitcoin prices will drop below the $ 7000 level.

There is very less chance to experience $5000 in the prevailing market condition. The growth got disturbed when the price fell low to $10000. This hasn't caused a big market fluctuation as there is gain of good momentum around $8000. When the price fell low to $10000 this could've taken place, now it's time for growth.

It is interesting how each person sees the market differently, I do not see anything wrong with the price of bitcoin going back to 5000, it will be a great opportunity for many investors that did not took the opportunity to buy bitcoin for a price slightly above 3000 to buy it again at a reasonable price, some may argue that we are too close to the halving for that price to be reached, but those people are also forgetting that the price will not skyrocket immediately after the halving and that it will take a few months for the price to go up.

I can see investors are defending bitcoin at the 7900 dollars range but there is very little volume and when that small amount of volume goes down the price will go down with.

Prices have dropped rapidly in the last 24 hours, but still the $5,000 target isn't right at the moment. Bitcoin will still maintain prices above $7,000 this week, in my opinion. Unless there is a crazy whale that drives prices down lower. Lets wait for a good trend going forward.

US-China trade war hasn't intensified though and this no-deal Brexit is yet. it doesn't help yet to make bitcoin go up. maybe there is the need for countries to have instability, take for example Bolivia political crisis right now could be another trigger to go up though crypto is illegal there but if their election protest there are going to be resolved, btc will probably dip another to $5k. 

but its easy to say the reason is there is low volume to the price range of $8000-$8300 even when support level strong so look now, breakout just happen.

Of course, we are on the same page on this one. The bitcoin price is currently going down and perhaps the price will fall down to $5000 or even lower. We are now in the fourth quarter of the year, it is unlikely for the Bitcoin price to recover since many people are already HODLing bitcoins waiting for the final bull run of the year and it seems there is none this year. 

Surprised to see Bitcoin dropped to $7,400 today. But, I don’t think this will continue and drop further to $7,000. There are still upcoming events that will give Bitcoin a little pump and go back to $8,000.

$5,000? I don’t think so. Thats to far fetched but it may happen if there will be new issues about Bitcoin or the popular exchangers.

A lot of people i read said that $5000 is not possible to happen, maybe people very optimistic about bitcoin price and although it dropped until $7400, might be some people panic, but not much as people who still be patient and wait for good moment to sell.

It's need to boost those weak holders not to panic and sell everything as downfall will be much stronger to go deeper. Optimistic investors will keep being positive even with this kind of situations, it's tough seeing the market like this but we need to work in order to help lifting the price not to collapse that hard.

Every investors and traders who follows this market knew that bounce back is always a big thing from this industry, buying those cheap dumped
coins is another opportunities to grab while waiting.

many people take advantage of the declining market situation, they do not want to miss taking the opportunity when the market price drops again, but I think this time the decline is only temporary and will not be below the price of $ 7000, market conditions will bounce back and there will be a further pump after being able to touch the price of $ 7,000.

For the word advantage, this has been their chances right now while btc went down quickly and after that sudden drop; they're just preparing for recovery period. Don't expect too much on this trend here, we really don't know what's next to happen. That temporary downturn might not be stable for now, it might drop more if panic sellers will increase but not on that point of $5k.

Maybe that is why some people keep optimistic to spread positive awareness to people. Freedomago in above said that weak holders need to get postiive too so they are not panic and make price get worse than now.

It is really possible that the bitcoin dump around $3000-5000 and it is possibly because of the bear market that is happening right now. There is some assumptions that the bitcoin and the Cryptocurrency will continue to fall down before 2020. if trust or interest would withdraw from bitcoin then it can happen quickly as fast as in few weeks or couple of days.

The market now is bad, and the range of the price is $7000-9000$. I just hope that the price of bitcoin will continue to grow like the price of it in 2016-2017 that is very high. Just continue believing on bitcoin and do not lose patience. A new bull run is coming in 2 years and do not take after all the sources of information that only have the role of misinformation. Their purpose is to panic in people to sell their investments and they can buy at a better price.

When it comes to price speculation, I think that bitcoin is always working with opposite and that is what I have actually studied about bitcoin, at the point where you find so many fud in the forum or over the internet, that is when bitcoin usually head for the spike, but when there is good news and everyone seems to be predicting the price of bitcoin to favor us at a point, that is when bitcoin actually heads for a decline in price.

I am not really worried about some news again when I see them, the only thing that I do is to way the speculations and see where it falls more, when there is speculation favoring bitcoin, I just sell, but when there is speculation going against bitcoin, that is when I do buy and I must tell you that this method has really helped me for a while now.

Whenever there is a correction in the market people will take advantage of it and invest in huge numbers, the reason you feel like the correction is temporary is because there are investors flooding the market whenever the price goes down and hence you will see a small recovery but if the market slows down we might see another correction, you cannot predict how the market will move exactly in the next few days.

Its unlikely because there is such a large volume of trades in the 6000 area.   The trend is likely to change rather then continue without great challenge, even today we see a sharp rise.   That effect applied over the longer term means we are more likely to a break of any trend downwards just as the rise over the spring summer did break and profit taking occurred as is normal in a market.


Heres a good chart I saw posted by nictrades on twitter - https://twitter.com/NicTrades/status/1187832596996198400

https://i.imgur.com/unUQjig.jpg

Trading above the 200 day and confirming above there on daily bars is going to confirm better any break upwards.  For the moment I think its just moving within the space between support and resistance.   200 day average is some indicator we are not yet fully negative as it rises and yet below we should have caution while the market is checking in a negative direction.
   I'll be more interested early Monday for how we proceed and operate near 200 DMA.

The market has seen an explosive recovery during the last days but it is up in the air what this could possibly mean, after reaching a high of almost 10400 the price then has been going down and now bitcoin is trading at 9100, I have great doubts this is a sign of a long term recovery this is just manipulation of the highest level and the only ones that can hope to profit from this are day traders which watch the price obsessively.

For the rest of those not holding bitcoin it is better to wait and see if they can see an indication this is something more than manipulation or if this is a change of the bearish trend we have seen during the last weeks.

The price at this moment is at $9,024. The bearish of last week has become bull this weekend. This is a wooping close to $2,000 difference buying in last week. Maybe we are just seeing the beginning of volatility.

Bitcoin is a forever volatile cryptocurrency so it raise at anytime and automatically it will get back to previous results also so active traders are make more in Bitcoin. Some investors are concentrate the long term investment also so gradually every year it going to on further years. May be sometime big crash will occur and automatically it will stable so many peoples are like the volatile currency.