Bitcoin Forum

Bitcoin price hits $9678: What to expect? ris eor fall ??

MARK MY WORDS:


11111 by March 3rd

The price of the bitcoin came from 6k from the previous year shows a good market profit in the first month of 2020 and it continues to increase rapidly from the previous weeks but today we experience that the price of the bitcoin falls down from the stable of 10.2k goes down into 9.7k there are many reasons behind on it because sometimes the whales affect the pullout, the people make a huge transaction that sells bitcoin and also the law of supply and demand. But still, the volatile market price is part of the market. Always look at the positive side of the price graph now the price of the bitcoin goes up slowly from 9.7k and continuously increasing.

 Marked.

Is March 3rd significant?

I want it to down I want to buy

I am expecting it to bounce back to $10K again soon or get more higher than that.
I don't believe in TA's but there was one who predicted that it would go down to $9.6K before bouncing up again.

And it's moving up right now, $9.73k while i write this post, so, it will probably be up to $10k  in the next 12 hours.

Markets have been full of chaos in the past days, the price is having a nice dance while the altcoins are bumping to the moon as we can see with ETH at 0.027Btc

I can see that everyone has positive moods and high hopes for a price increase. However, I am more skeptical.
The beginnings of price increases before the bull run began always after halving, so I think it's too early for us to have the end of the drops. I think that before halving we will have another big fall and now we are observing its beginnings.
In my opinion, we will have a red chart for the next 12 hours and probebly for whole March.

The market price direction is downward at the moment and we could expect for more decrease on its market value for the following days which is something to mot be scared for. It is a matter of rise and fall, so probably the market value will again rise, as part of its volatility in nature.
Red marks are more dominant so I think it won't reach the $10,000 mark within hours, maybe next week if there will be changes to be seen.
It will really be a good opportunity if ever the price will fall. Good thing to see that many people do not panic at times of downfall nowadays unlike before wherein many people are selling out already trying to save themselves from profit loss.
How sure are you sir? Or what are your basis with your assumption? Also, that is a strange market value to be honest. But if the price will be positive before this month end, chances would be high that it will again pass the $10,000 mark.

there is not much to expect from sideways market but going sideways meaning both up and down above $10k and below $10k. there isn't any rise or fall but the tendency in a bull market is to go up so we can expect $10k to be broken again and the rise to begin.
with every day that passes we are getting closer to halving and the hype is also building up, with the natural rise and the hype rise we can expect $15k to be reached in a month.

Although it has hit rough in its price this days, I think that, it is only a part of the cycle in which the correction for the price of Bitcoin. After the correction the time will come when the price of Bitcoin will little by little retain its highest price so far this year 2020 and will continue to increase as the halving event comes closer everyday.

In fact, price differences of a few percent are very small movements when it comes to the cryptocurrency market. At the moment we cannot talk about big drops yet, because actually looking at the chart from the beginning of this year, we have very big increases. Just because the price was rising quite quickly suggests that we can expect a also big correction. Also, the fact that in past bull run did not start before halving, suggests that we can still have a surprise in the form of large price drops. I think we simply shouldn't suffer to too positive sentiments too quickly.

BTC is slowly recovering now and again it will break the 10k barrier, we can still see a calm movement. A recovery above 10k is needed to avoid bearish pressure, the price still remains firm and need some change right now. Everything looks unpredictable here and I believe Bulls will take over again based on the current price of BTC.

For sure it will bounce back to $10,000 level after it fell down hard from $10,400 to $9,600. We're still in the accumulation phase while other investors are also doubting the capability of Bitcoin to reach new heights. The market are still in the hype mode for the halving and it's positive effect after. So, we'll expect a continuous increase of Bitcoin's price.

It will soon reach the level of $ 10k again in the near future when bitcoin is starting to grow again and the bullish will come again hoping full of that increase, many investors believe in bitcoin because of its rapid growth I bought it yesterday at the time of the decline and will waiting for the $ 10500 level to sell.

As far as I know, that day is by no means special - i think the post is actually a joke - 3 day in the third month of the year = $11 111, looks nice ;)

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I already wrote before that $1000 up and down should be expected in next few months, and that a little less stability can be expected only after halving. I think it's still easy (for some) to manipulate the market and make a profit on it, but there will probably be a time when it won't be so easy. The fact is that we have a great price right now, and we shouldn't expect some big jumps just because halving is approaching.

If you're a buyer, buy every dip you can - believe everything under $10k is cheap, same as it was some 4-5 years ago when price was only around $450 at the time of 2016 halving.

I expect it to go deeper before bouncing back again.
And when it bounce back it wouldn't go back below $10K again,
More on a wish than expect to be exact.

The sentiment market is still good, can you see there are some articles which stated bitcoin price will goes up.

So I'll predict that bitcoin price will goes up, as for the decreasing price right now it is just a correction.

Nothing. The most you'd expect is probably panic sellers of not just BTC, but other altcoins as well. They all took quite a heavy hit and IMO, BTC actually had it lighter when compared to other coins. As for any movements, I guess a sideways one would be the most expected movement of the market right now. With the ups and downs recently, you could say that the down these past few days is just a bit more larger compared to the past downs, and would probably return with the same amount of possible ups for the next few weeks. Of course, it may take much more longer but a change would probably be at least noticeable by first week of March.

The unexpected.
No one knows.

Even if you try to go deep into making a good prediction it may still go the other way.
Remember that bitcoin is volatile so any prediction could go sideways even with the best analysts which you think of.
Just go buy that bitcoin and keep it for a long time.
Somewhere in the future you will just be shocked at how much worth it will be.

I'm still bearish on this, its a confirmation of the break not disproving the previous negative action until it regains the channel its just lost.

https://talkimg.com/images/2023/06/12/A9ruz.png

Right now we've got the 10k area which happens to be a weekly average roughly but the channel trend its failed is as high as 10500 and it could find that as resistance now and sell from there, also that matches the previous high.   I guess that makes it more probable to occur, we have some time to see how it plays out and it wont be today.   Probably we rise or stay neutral long enough to capture a few souls into the next plunge, BTC can be a heartbreaker like that unless you like rollercoasters.

Expactations and reality often are different from each other, I honestly expect bitcoin to be 100k, do I think it will be 100k? Of course not, not this year at least, maybe in 5-10 years who knows. So you should "expect" anything you want, but know the fact that there are billions of dollars for every movement bitcoin makes, when bitcoin is 10k the market cap is billions of dollars worth more than when bitocin is 9.7k, which means in the end we are losing billions of dollars even if not in cash, it is in asset value. Not everyone can keep affording that type of drop, so I am assuming another bull run very soon to recover from that fall and make it up by going over 11k for covering whatever the cost of that increase was with the profits made afterwards.

Sentiment is positive. We are less then 3 months before halving. there is a lots of positivism for next two months. Something else might come up in that time of course. A month before halving people will start taking profits. Sentiment then will change to negative for a month or a few.

If you've able to buy into that price then you are already in profits now yet btc price touches 5 digit price again and thats an easy $300+ profits in a short time.

When it comes to the question or asking out on what would be the price or what to expect? Then no one really knows yet this had been the most common question by everybody here on crypto space.
If you can risk up on a said buying position then it would really just act like a gamble.

Yes  but just to me.  It crossed 10k on Jan 27 this year my birthday.

March 3rd is my wife birthday  so why not cross 11111? ;D

The price of bitcoin fell by almost $ 500 due to the fact that a decent amount of bitcoins was put up for sale on the cryptocurrency market. As a rule, such a fall with the upward movement of the market inhibits its growth by only a few days. Today we see that Bitcoin again crossed the price of ten thousand dollars and should grow further in the coming months. After all, events to halve the reward for each mined new block of bitcoin will only be in May. I think this year the market will be more successful for us than the previous few years.

It could be a long wait for you buddy. The market price for Bitcoin will soon to rise and expected much more for a bullish one rather than of the dumps. Halving is going to happen sooner and it is going to push the market to surge high.
And if you are planning to invest Bitcoin, better not to waste this time...the price isn't that high that could bother you if ever there are a few dumps happening before halving.

 LOL Why not?  It's near as good as any TA I've seen regarding Bitcoin. 
 Happy birthday to both of you!

if we will continue to check and ask the price of Bitcoin from time to time then what would be the topic in this forum?

mind to just at least skip asking same questions for a week or so?it is tiring to ask for opinion every now and then specially when the value is picking another direction.

let us just keep Holding and Buying everytime we have a chances that would help the market to grow and not this same topic again and again.

I am still positive of what may happen despite all the ruckus that is happening in Twitter.
Analysts or pros whatever they call them are all predicting some bad numbers and it is getting viral.

What I am really afraid for are the weak hands.
We can still see them.
Those who are afraid to lose even just a penny in their hand. If there will be a lot of them who would do the same then predictions might come true.
I say unfollow those guys and just remain here for more positive opinion even though bitcoin is volatile.

My expectation about bitcoin always rise. Because this halving started to make bitcoin price ready to pumped. But honestly i don't have technical analysis about it. Only follow news which usually good news. If bad news come i will ignore it and stay to hold my bitcoin.

Ebang
Bitmain
Innosilicon
Canaan/Avalon
Whatsminer/Microbt

  Those companies sell sha256 mining gear. More the a few billion usd worth of it every year. They all have an interest in driving prices of BTC BCH BSV higher.

They have announced 5nm and 3 nm gear.  If they are to sell more gear they will need higher price then 10k a coin.  So I look to see coins go up to and above 11111 on march 3rd

But even up to and over 12345 on Apr 3rd .    I also look for BCH and BSV  with their April ½ ings coming first to rise higher..

The price of bitcoin will continue on being volatile and whether it will going rise or fall still keep on investing and do not expect too much about the price and do not rely on other's prediction. Besides, it always better to make your own analysis of the condition of the market and about price movement. Seems you already worry about the sudden drop of bitcoin on 9,600$ and right now it bounces back at the price of 10,100$. There's nothing to worry about the price of bitcoin because in the next couple of months you can see more improvements to its price and the halving will bring more changes. Don't let your guard down and be prepared for all sudden changes because it's a great opportunity to enter and exit. Make sure you will never put yourself in a situation that because of panic you will end up on selling all investments that you have funded. Just remain positive and control your emotions and don't be weak handed people.


I also marked it and hoping to see it happen.

Back to higher price again for bitcoin right now, always make our life is not happy when investing in bitcoin and altcoin, wake up at the middle night and seeing bitcoin going down and sleep well after seeing bitcoin up.

Doubly marked, and I did see philipma1957's response--I'm not superstitious myself, but in this case I hope he's right.  And considering bitcoin is around $10250 at the moment it's quite possible.  If it does hit that price by 3/3, I'd sort of expect a nice little correction shortly afterward.

Speaking of philipma1957, I haven't see many videos from him lately on YT.  Always interesting to see the mining operation.

I was actually looking the international calendar in Google to find a special event/holiday that falls under March 3rd, but I cant find any significant numbers that correlate Bitcoin and the number 11,111 lol  :D or maybe I missed something?
Anyway, It's really good to see that figure, but It's sad to say Bitcoin just fell down hard again lossing around $600  only in a few hours. Still, I'm positive for Bitcoin to be traded in 5 digits figure anytime soon.

Bit of sell, worth updating the chart in a more macro way.   As per normal we bounce off the sides of the range most immediate and it cant be said for sure if we will will actually continue to sell or regain and move higher from here.   Have to watch careful and mark the averages and all sorts of indications possible as to trend, etc.

https://talkimg.com/images/2023/06/12/A9Jvd.png

Blue line is a rough weekly average and the yellow is our monthly count, quite significant and to move lower this has to be marked off and confirmed as a ceiling.   So we must trade below it before the weekend really to be more sure of a negative cycle beyond immediate short term.   I do think we have lost the positive trend for 2020 that we did have, that should in my reckoning mean we get more selling then this but this is not yet proven.

@techptcl786 no one knows the correct answer to this question as half the people out here will claim that bitcoin prices will fall, and the other half (including me) will claim it’ll rise therefore you should do your own research and then share your conclusions with us.

Furthermore I feel you should try and find the answers to these questions: 1) what was the reason that bitcoin prices suddenly fell, 2) what are the upcoming events in the crypto market that’ll have a effect on bitcoin prices, and due to these events who’ll take over the crypto market the bulls or the bears?

@philipma1957 can you explain why you feel bitcoins prices will break the $11k barrier so soon?, because currently bitcoin prices are falling and halving event is not even round the corner?.

 Well,  I hope your wife had a happy birthday regardless of the Bitcoin price.  I guess we underestimated the effect of the novel corona virus.

Price has gone sideways in sum total, been more positive then I thought tbh.   Its fair to estimate we see a level price overall when not in a trend, either negative or positive trends with the 3rd option is drift sideways.   I estimate most of 2020 is towards neutral more then most would like.   Then 2021 I will hope to have optimism ready for a larger move justified on a multi year basis.

That is price I think is the lowest price at this year so we need to expect that bitcoin will rise soon or expect this year bitcoin price will gonna rise. So just be positive of what we think and be positive that bitcoin price will gonna be rise. Just wait for the right time and be patience.

i dont think this is the lowest  but i think the price was down under 8k befor and this time it was up again at 9k usd  .

you cant say lowest at this year because the year is only getting started   and usually the price will start low but it will only got improve the longer the days or weeks have passed   .  like what you have said , patience is the key , nothing more nothing less   .   im expecting that btc will hit 10k again soon and then 11k to 13k usd will follow up   .

The price today is a bit off than what OP posted so expect already some kind of a volatility like this because this is how the market acts. It is better to buy now if you guys are doing short and wait for the price to move up a little just a little hundreds of dollars difference and buyback again after selling to make a profit. I think it might need some more weeks before we will be able to see the bullish trend again.

What? Haven't you see the current price? It's below $9k and the lowest that we have seen is like $8600 coming from $10k++. We can go back to this thread and says that we did touch 5 digits as high as $10300, however, it was not that sustainable.

And then the whole corona virus spread put a dent on the price as well, pushing it to $8600. So it's really a lot of ups-and-downs lately as it seems that 5 digit is a big barrier in front of us again.

Accumulation phase is good below $10,000 considering that there is a big event coming in and might potentially pump the price of Bitcoin.
We might not be expecting a good run these coming few months though the block halving is closely approaching, instead the expected rise of Bitcoin will happen a year after. So, most probably 2021 is the most ideal year for Bitcoin's price to hit new heights base on the last 2 halving.

We have hit more than 10k of bitcoin price already but after that the bitcoin goes down again to less than 9k. For about almost 2 weeks of decrease, it was able to gain momentum again and started to increase for about 3 days but as of the writing it started to goes down again.

There was no steady increase as of the moment, so we can expect that in the following weeks the market will rise and will fall. But if the demand will out play the seller then we can expect a steady increase in the following months until the halving will occur. It will be best if we can hit like 13-15k bitcoin price before the halving so we can start strong.

And I was here thinking that Bitcoin could go back under 8k$ for a while for another strong accumulation phase but instead it went up again and maybe its gonna hit 10k$ this month but I doubt it will continue to rise until halv happens as I can see another drop happening before or after the halv.

For now if  you're a trader I suppose you kinda love this stable zone of Bitcoin as the swings of prices are not so big. I'm not a trader tho.

I don't think that the price of bitcoin can be below the price of $ 8k, but, when the price of bitcoin touches the price of $ 9k, the price decreases again. even today, the price of bitcoin is back in the range of $ 8k. So far, I don't expect big developments from bitcoin, it's just that, I want to see prices stabilize in the $ 10k range.

Right now I think it can go down as far as 7k to 8k based on its rally stats last week. Anything below 9k could be a good entry point. Im still optimistic that this year will be the rise of bitcoin and the year next after that will probably another good run for it.


Why not? See the charts. Im seeing a massacre as the pattern pointing already on 7k. I hope it will not proceed as this level could be pull again to lower support. But for cheap price, could also be an advantage.

What to expect? Right now, we are hoping to see the bitcoin price to increase back and break $9k again. But unfortunately, it seems this day still not showing that the price can increase. The trend seems to want to go down for more because the red candle still appears and going strong in the market. We don't know if tomorrow, the price can back to the higher price or not, but we can hope that tomorrow will give us a chance to see the price increase back. Now, the price is at $8700, and we don't know what will happen in the next hour.

Honestly, it is not that far away from the 9678 price right now, it is just 8700+ right now, that is significant drop from 9700 but also it has been a long time since that was the price and the price didn't dropped all that much when you consider how long it has been and still didn't keep going down.

If it was just a recent fall I would say it is risky right now but price already went down as much as it can and nothing changed, if it went down like 10k to 9k to 8k to 7k t 6k and so forth I would be afraid right now but it didn't and stopped after a certain amount of drop.

Let's see what holds in the future but I am not too gloom about going down, I do not see it going up anytime soon neither but I do not see it going down neither. Lets see what will happen but I expect a stagnancy for a longer time.

1st and 2nd quarter will never have that kind of amazing trend. The previous halving reflects the market showing a positive impact that takes months after the halving is done. And if halving will happen by May, it probably we can see its effect by the 3rd and 4th quarters. So, therefore, we can't expect that early this year we can be in bullish one coz it seems to be hard and even looking the market trend we have now, there is no strong resistance that might push through. We still need to wait and patiently wait for the right moment and hopefully, early 2021 could have a good thing to see.

Bitcoin dumped now, it will soon dropped to $7K+ with the way its going now.
I wake up seeing the price at $8200, this is scary, I think the hype is already over or we are due for a big bounce back?
It's really hard to predict, we have some good news lately like India and South korea making bitcoin legal, and this, it's not expected.

Personally I had predicted a crash towards 8k$ range a week ago as there were light buying support on key levels so the effect of it was the Bitcoin price to be dropped on this area. Now , it seems we have a medium buy support who is holding well for now and another waiting at 7.8$ in case we drop even more in the next days. What to expect ? Anything can happen.

As you say, anything can happen, lot of people will see this as a good opportunity to buy some BTC, so, that should be a reason to see it going up again. A lot of people are losing tons of money with this 20% crash in the past weeks. So, let the newbies join and backup the markets.

there is a lot of panic going on in the market and a lot of FUD being spread trying to scare people with the coronavirus and the stock market crash. all of it is unreasonable because there is no link between any of them and bitcoin as it has been like it forever! but unfortunately the market is responding positively to the FUD and the price went down as a result.
which is why i don't think there are that many people buying right now seeing this as an opportunity. and more importantly i don't think anybody could have logically predicted this as this is unreasonable panic sell.

If someone invests in the long term, almost every moment of purchase will be good. However, in my opinion, this is not the end of price drops and by the end of March I expect to see even $5k. It was too early to start with the bull run. I think price increases will start at the end of 2020 - few months after halving.

You are right, it looks like we need to wait for few more days to see a massive change in BTC. The rally which was showing some remarkable effect from the past two months is not performing again, The Benchmark of BTC is struggling to recapture it's previous position but believe me BTC is about to make a strong movement as halving is a biggest hope for this crypto community and I hope it will not disappoint us.

This crash wasn't really unexpected, corrections aside this looks like something bigger but was expected by the public so we are not really the result of the price but the cause of the price. If enough people keep saying stuff like "there will be a fall" there will actually be a fall because those people sell and when they sell the price drops and when price falls there are more people selling and the price falls some more in an endless cycle until it reaches the bottom.

We should start to expect some sort of increase nowadays because the bottom is already here and support is very very strong at these levels and we are definitely not going to see anything lower, I can't guarantee anything higher anytime soon neither but when price stops going down, it usually starts going up.

In my opinion, this is not the bottom yet and it is not the end of price drops. Real panic on global stock exchanges has not yet begun. Horror for investors will start as the first reports for the first three months of this year appear. International transport is slowed down, so delays in deliveries will begin. Prices of everything will start to fall even harder. I think that cryptocurrency investors will follow the global trend and will also escape to fiat currency. The $5k level is closer than we think.

Why all of this precision( $9678 )? that's weird, and of course Bitcoin can easily reach  $ 9k in the near future now the current price is under $8K due to the affect of Corona virus on the whole market and even the world economy. Otheriwse, I guess Bitcoin's price will rise significatly after few weeks, possibly it will reach $ 11K in next month, because I don't really thing that during this month we are not going to see a good progress in Bitcoin.