Will bitcoin go back to bellow $400?

[Blawpaw]

Of course it may go below $400 in the very next days. Why not? What would hold it? we are not in the mania phase yet, not even close to it. We just finished last bear market and there is still a lot of trips below and above $400 ahead of us.

pretty realistic approach!

[mtnsaa]

Yes I don't think there's strong support so far to say it can't go below $400, it happened some weeks ago and it can happen again. I don't think it will go below $300 anytime soon though...

[DarkStar_]

$400 isn't that far away, so it could (hopefully) happen.

[nydiacaskey01]

If we are going to look at the historicals, last year rate is up as same rate that we have now, then after entering the new year thats where it started to go down slowly until it reached January 14 which I guess is the lowest for 2015 at $178

[glendall]

We haven't been above 400 that long at all so I think the odds are decent we'll see 330-360 prices again within 2 months. Personally I really hope so, and wish I bought more coins early this year.

I think the market is quite bullish though, and its not a mini bubble now but mostly healthy, natural growth (pumps being a part of this),  so I would be surprised if we fell <300, especially with the halving on the horizon and the near-complete fabrication of the funny money world of fiat currency due for another predictable minor spasms of collapse in 2016 in my humble estimation. (When its gets harder and harder to print yourself out of debt, the value of non-fiat assets and currencies will inexorably climb. The Earth is due for a lot more war or at least a couple countries economies crashing as fiscal realities clash with unreal monetary policy in 2016).

[Hugroll]

so tell me what's your guess. Will bitcoin continue to hold its price and go pass $500 to hold or should we expect a crash going under $400 before the end of the year?

this price increase seems a bit weird. last time bitcoin went up in price it was really fast and it dropped drastically. but this time its increasing gradually so it makes me think maybe the bubble wont pop and it wont decrease drastically this time.

[Pab]

I rather see upward trend.It is not fast pump btc is climbing

[MyBTT]

Not IMO. The bullish wave is probably too strong for it to collapse any time soon.

But if you're talking long term, then it's very, very likely that bitcoin prices will take another hit before going the whole way up again.

[hunnaryb]

As we've seen a few times, Bitcoin does take 75+ dollar dumps. Once everybody starts feeling bullish, it becomes perfect time for the mm's to drizzle out and buy back lower following a death blow.

[DaddyMonsi]

Everyone prays the Bitcoin exchange rate to go up, you can count me as one of them, but lets face it, it will go down, it might not be as a big drop from $460 to $350 in 24-48 hours. We may see it starting end of year 2015.

[rokkyroad]

As we've seen a few times, Bitcoin does take 75+ dollar dumps. Once everybody starts feeling bullish, it becomes perfect time for the mm's to drizzle out and buy back lower following a death blow.

That's what makes a lot of us gun shy about hodling.

There have been ... what ... 2 decent dumps in the last month. The first one was major but didn't cause the "death blow" we have seen so often in the past and with altcoins. The second dump was just a ripple.

We may get a major sell off for holiday fun and funds in the days to come.

I no sooner typed this and it dropped 20 bucks ...

[jakelyson]

It happened before, it can happen again. Anyway, if it fall back down to below 400$ it is just another opportunity to buy more coins and hold. My guess is it will fall back but not lower than 300$.

[Rizky Aditya]

At this time, I doubt that it will. The price is stabilising at around $450, it will drop to around $430 but I doubt it will go as low as $400.

[Pierre 2]

I believe there is a chance of returning to $350 range but I do think it will not settle there too.
$400 is more rational price.

[uki]

Not in the near future. The upward trend is going to continue at least into the next few months... It's not going to stop for now.

I am quite sure that we will soon see $400 for a simple reason that is called volatility. Even if the main trend switched to bull, there will be pull backs, during which you may expect testing of the support levels. Take as an example the last rally to $502 - we went down to low $300 afterwards. That may and will happen ahead again.

[helloeverybody]

My magic 8 ball suggests prices surely will drop below $400. Unfortunatly it doesnt say when.

[hunnaryb]

Not in the near future. The upward trend is going to continue at least into the next few months... It's not going to stop for now.

I am quite sure that we will soon see $400 for a simple reason that is called volatility. Even if the main trend switched to bull, there will be pull backs, during which you may expect testing of the support levels. Take as an example the last rally to $502 - we went down to low $300 afterwards. That may and will happen ahead again.

One of the points of pumping bitcoin to the ATH heights, is to create the space to come down and make great profits all the way.

The problem is, the market isn't positioned in the same way anymore. Some regulation has stepped in, and, short of just outright foul play on major exchanges, it would be hard to 'pump' that high.

[Efemen]

During a flash crash, the bitcoin price could go below $400 or lower. I think the price will be over $400 from Q2 next year.

[QuintLeo]

I suspect Bitcoin might touch $500 again this month - but eventually the current push will peter out as it's got NO real news to support it, and we'll drift back down towards $300 or so next year, before the halfing price runup kicks the price back up quite a bit again.


 There is nothing "rational" about $400 at this point. Only reason I don't see it getting back down into the low-to-mid $200s again is the massive amount of "new money" that came into the ecosystem when the Chinese exchanges started being able to accept fiat currency again....

[uki]

I am quite sure that we will soon see $400 for a simple reason that is called volatility. Even if the main trend switched to bull, there will be pull backs, during which you may expect testing of the support levels. Take as an example the last rally to $502 - we went down to low $300 afterwards. That may and will happen ahead again.

One of the points of pumping bitcoin to the ATH heights, is to create the space to come down and make great profits all the way.

The problem is, the market isn't positioned in the same way anymore. Some regulation has stepped in, and, short of just outright foul play on major exchanges, it would be hard to 'pump' that high.

In terms of regulation of Bitcoin market there was an 'ease' recently regarding Bitcoin trading in China. and out of the box, we have had a pop immediately afterwards -it ended up at $502, but it was just a sample of what may happen ahead, when the market moves into 'right position'. But I agree it will be much more difficult even to repeat Mt. Gox bubble score.