$350 will be the bottom

[LazerViking]

I think it will hold its ground around there and make a gradual move up for the next 5-6 months, then it will start to spike around September-October.

[1715587256]

1715587256

[1715587256]

1715587256

[1715587256]

1715587256

[g-unit]

I think it will hold its ground around there and make a gradual move up for the next 5-6 months, then it will start to spike around September-October.

Probably. Buy support was pretty strong there last Friday. If it breaks 350 I'll be buying several coins.

[mexicantarget]

I've put my buys around $310.

[LazerViking]

This is a bear trap IMO.

[simon66]

I think when all the "bitcoin is dying" and blocksize/hardfork negative press and FUD is over we are going to see new highs. For now while all this turmoil is happening if it stays above say $250 I'll be happy. If it makes a new low then I will start to worry.

[mexicantarget]

I think when all the "bitcoin is dying" and blocksize/hardfork negative press and FUD is over we are going to see new highs. For now while all this turmoil is happening if it stays above say $250 I'll be happy. If it makes a new low then I will start to worry.

That's not going to happen. Look at the bigger picture.
Look at 1W. TA is simple on bigger TFs.

[Morecoin Freeman]

I call that $350 will be broken. Prepare.

[r0ach]

It will flash dump into the $200's if a 2MB hard fork occurs, but Bitcoin will be better off in the long run afterwards from it and see a huge pump/money making opportunity once fork is completed.

[LazerViking]

It will flash dump into the $200's if a 2MB hard fork occurs, but Bitcoin will be better off in the long run afterwards from it and see a huge pump/money making opportunity once fork is completed.

Well.  That is one thing I did not factor in.  A hard fork is a bit of a black swan.  But, it is inevitable.  So, that would throw a wrench into my prediction.

[g-unit]

It will flash dump into the $200's if a 2MB hard fork occurs, but Bitcoin will be better off in the long run afterwards from it and see a huge pump/money making opportunity once fork is completed.

Definitely possible. Get some fiat ready. Could be the last chance ever for coins that cheap.

[MatTheCat]

I call that $350 will be broken. Prepare.

Yep...I like $310, although I never did get my entry on this short trade (instead, I tried to play Long bounces, and got burned by the mkt once again):


https://www.tradingview.com/chart/BTCUSD/TivbFXdk-Short-Trade-Location-Hits/


One guy I know however, and who I rate very highly, reckons $280 -$290.


Whole lotta people are gonna be shitting their pants.

[cooldgamer]

If we can't make a move above 400 soon (which I don't think we will) then it's very possible that we'll fall to lower than 350, or even sub-300 before something sparks another rally.  All the bad press is just coming down on us and the market can't take it, nevermind the whales using it to their advantage

[romero121]

I call that $350 will be broken. Prepare.

Less possibilities because the value is trying to get stabilized at the range of 380$. Why I say this is during few days back while it fall in value the same scenario took place.

[richardsNY]

I also think the bottom is at $350. I just hope we won't go down too much the comming days/weeks. It took us a long time to build up this price, but it just takes a few days to lose all progress that we made.

[mtnsaa]

I thought we were past this whole turbulence section but we are still in the middle of it. Very surprised to see the price back at below $400 after we bounced back to $425 just a couple of days ago. I agree support is strong at $350 but if articles and negative opinions continue to pile up I won't be so sure where the price will end up. I'm sure Bitcoin will recover eventually to close out the year around $500-600 if not more.

[r0ach]

I thought we were past this whole turbulence section but we are still in the middle of it. Very surprised to see the price back at below $400 after we bounced back to $425 just a couple of days ago. I agree support is strong at $350 but if articles and negative opinions continue to pile up I won't be so sure where the price will end up. I'm sure Bitcoin will recover eventually to close out the year around $500-600 if not more.

It's not due to the articles as much as it is that the possibility of hard fork is still real.  Higher block size is objectively better for higher market cap as long as the block size doesn't reduce decentralization beyond what pools already do, but it will temporarily flash crash price until after it's over.

TLDR:  2-8MB Blocks good for long term price, bad for short term price.

[iv4n]

Im reading your comments and I see we need to prepare for some hell of a ride. Like someone above me said " lotta people are gonna be shitting their pants."  Well anyway I`m keeping my coins for after halving for sure. This ups and downs are just normal thing for bitcoin as we can see.

[BitHodler]

I am afraid that the bottom is somewhere closer to $300 instead of $350.

[Amph]

350 is the bottom like 150 was the bottom, or 200, if you don't want to consider that dump to 156 on one exchange when we were at 2xx range

by the end of this year range 500-1k is easily approachable, with a peak of 1k-2k range, supposedly...

[randy8777]

we all think we know where the bottom is, but in fact, we don't know how low the price will go when the panic starts to pick up again. so far it seems to be $350-$360, but it all can be dumped down if a whale wants to.