BTC Price going back to $250???

[QuintLeo]

Without any new news to drive it, I don't see it getting back anywhere near $400 for the rest of this year, or managing to stay above $300. I'm inclined to bet on it dropping back to the $250 ballpark by end of the year, as the BTCC-inspired "buying frenzy" is over.


 I don't think it'll drop back under $250 much, if at all - enough new blood bought in that the real support floor probably shifted up a little.



 I anticipate the next major move will start a month or two before the halfing.

[Denker]

I think it might come down and momentarily touch $250 in November (maybe for a couple of hours to a day), then have a decent recovery December.

It might comedown and momentarily touch $250. That could be due to a flash crash. The price should go up to $320 quickly. That is the new central price within the range.

Yes after yesterdays news of g7 regarding cryptos the price could really drop below $300. And don't forget that christmas is coming.Some people might sell Bitcoin to buy presents.If the price should go to 250 or lower I will buy as much as I can!

[Lebrunanca]

Of course not. If this year will not reach to 250 dollar.

I think it will be at 300 dollar.

[MaxTax]

If it does happen to go back down to $250

I got my money ready.

I'll be ready to buy me some bitcoins

[bitcoinbettingtips]

If it does happen to go back down to $250

I got my money ready.

I'll be ready to buy me some bitcoins

You can just put an  order at $250 level and wait for the flash crash. I say flash crash is because I think the price will be above $300 normally.

[glerand]

The chance that the price will go below $250 is quite low. With the adoption of bitcoin in the future, the price will rise further.

[bitlancr]

If it does happen to go back down to $250

I got my money ready.

I'll be ready to buy me some bitcoins

You can just put an  order at $250 level and wait for the flash crash. I say flash crash is because I think the price will be above $300 normally.

250 is unlikely but 270-280 could be the new low for bitcoin.

Honestly i think 300 USD is a rate that is normal for bitcon these days.

[98problems]

its clearly not going back to 250 it seems to be steady right now so i guess the next time it will move only up

[pissedoff]

I think it might come down and momentarily touch $250 in November (maybe for a couple of hours to a day), then have a decent recovery December.

It might comedown and momentarily touch $250. That could be due to a flash crash. The price should go up to $320 quickly. That is the new central price within the range.

With black friday being so close I don't think the bitcoin price is going to tank that much since it would cause many sellers to opt out of bitcoin.

[hitley]

I think it might come down and momentarily touch $250 in November (maybe for a couple of hours to a day), then have a decent recovery December.

It might comedown and momentarily touch $250. That could be due to a flash crash. The price should go up to $320 quickly. That is the new central price within the range.

With black friday being so close I don't think the bitcoin price is going to tank that much since it would cause many sellers to opt out of bitcoin.

We need a few big retailers to offer special discount on bitcoin purchase so as to promote the use of bitcoin.

[bitcoin-hunter]

its clearly not going back to 250 it seems to be steady right now so i guess the next time it will move only up

I can't think of a scenario where it would go so low. Even for a pessimist.

Optimistic view > 250 dollar
Pessimistic view > 280 dollar

[pissedoff]

its clearly not going back to 250 it seems to be steady right now so i guess the next time it will move only up

I can't think of a scenario where it would go so low. Even for a pessimist.

Optimistic view > 250 dollar
Pessimistic view > 280 dollar

I would say your Optimistic view and Pessimistic view is undervaluing bitcoin too much.
My opinion would be:
Optimistic view > 290+ dollar
Pessimistic view > 310+ dollar

[CryptoBjorn]

In my perceptation the new low is around 260 usd.

So if the downward stream goes futher it will be max to 260 usd.

[jaberwock]

I doubt, 300 has proven to be strong support and we are near the end of the year, so I don't expect sudden moves

[Newcoins2020]

In my perceptation the new low is around 260 usd.

So if the downward stream goes futher it will be max to 260 usd.

I see it going back to 250 or even 220 dollar. People will cash out their profit before christmas, with that make sure the price will come in a decline.

Maybe end of the year we see new low.

[yefi]

its clearly not going back to 250 it seems to be steady right now so i guess the next time it will move only up

I can't think of a scenario where it would go so low. Even for a pessimist.

Optimistic view > 250 dollar
Pessimistic view > 280 dollar

I would say your Optimistic view and Pessimistic view is undervaluing bitcoin too much.
My opinion would be:
Optimistic view > 290+ dollar
Pessimistic view > 310+ dollar

When did pessimism become so optimistic, and optimism so pessimistic, hm?

[Amph]

In my perceptation the new low is around 260 usd.

So if the downward stream goes futher it will be max to 260 usd.

i never seen a below 300 value since the last pump, why 260? the new low is still 300 until farther notice

now 300-400 and then 400-500 can be the next move for the market

or 300-700-500 and then 500-1000-700 sequence, fi they follow the last pump scheme

[Oscilson]

This is definitly not in a sens of a Santa Clauss rally.

It is still November. Santa Clauss rally will not come until December.
Even if there is no Santa Caluss rally, it is still OK with the bitcoin price. The price has risen from $230, it needs some consolidation.

[n2004al]

This is definitly not in a sens of a Santa Clauss rally.

It is still November. Santa Clauss rally will not come until December.
Even if there is no Santa Caluss rally, it is still OK with the bitcoin price. The price has risen from $230, it needs some consolidation.

Good. May i write without having objection and asking sorry to everyone which will read this my post  that for sure and sincerely for the moment I don't care about the increase of the price but for another thing. I want its stabilization at this level 320 -330 us dollar; which is an increase of more than 30% of the initial price having from bitcoin before the increase happen at the beginning of this months. The stabilization testify a big achievement for bitcoin and for all us who have believed on it and at the theories read in the appropriate books. This stabilization mean that we all have concrete hopes that one day the price will arrive at imaginable amounts. Because the stabilization of the price at this level mean that the increase of the real demand and the further spread of bitcoin bring definitely continuous increase of price. If the price remain here mean that the last event connected with bitcoin was not (or very few) action of the speculators. Imagine how big is the world and how many people live and will live on it. Imagine that every day this amount of people increase more and more. And at last imagine how are (the amount) the people who have to do or known bitcoin compared with the firsts. So it is true that are much to do but if made, everyone can have much more. Much, much more.

[ssmc2]

No