What will happen to BTC next week ?

[Sadlife]

Bitcoin rate continued to rise during the first weekdays of 2017 and reach its all time high price around $1139.89 but after that it has tremendously fallen and reach its current value $822.49.
So, the bullish wave, that has been fueling the price rate to surge since the last year or to be more precise since september, has been apprently reverse and the price rate of bitcoin has continuesly drop since then. Ive read some bitcoin speculations that this will continue til the upcoming week. So, what can we expect during the upcoming week ? Will the BTC price continue's to rise up after this brief price correction attempt ? Or the big guys in the market will continue to pull its price to lower levels ?

[Kakmakr]

You should move this to the speculations thread, here : https://bitcointalk.org/index.php?board=57.0 because most of the responses will be pure speculation. You have to see this in the bigger context to understand what happened. China, one of the biggest users of bitcoins had a bit of a wake up call from their government. The Bitcoin exchanges had a visit from the government, when their government realized that citizens might be using bitcoin for capital flight.

They had to protect their fiat currency, so they decided to scare people away from Bitcoin, by initiating a visit to the place where most transactions in Bitcoin are done. The people panicked and they started to sell their bitcoins, in fear that these exchanges might be closed or that their coins might be confiscated. < Just one more reason why we need decentralized exchanges >

This will hopefully go away without hiccups, if these government officials find everything in order. If they are not in order, then people would have to find other ways to deal in bitcoins directly.

[Juggy777]

Op firstly this topic belonged in the speculation board as told to you above. There were multiple reasons why a bull run came and now why it's slowing down. The latest is the China news, if the exchanges come out clean rest assured nothing will happen, secondly every one might have traded btc at high levels that was another reason why it came down. Bitcoin is strong, buy when it's low and sell when it's high. Make good profits that all I can say.

[ASHLIUSZ]

As quoted by OP, the price has started to grow steeply by the year start. And due to the exchange inspection that took place in China made a big impact on the price. Following that the price fall in a very short time period and reached less than $800. Now once again it's giving a gradual increase. Hope this continues to make users happy.

[Idrisu]

Bitcoin rate continued to rise during the first weekdays of 2017 and reach its all time high price around $1139.89 but after that it has tremendously fallen and reach its current value $822.49.
So, the bullish wave, that has been fueling the price rate to surge since the last year or to be more precise since september, has been apprently reverse and the price rate of bitcoin has continuesly drop since then. Ive read some bitcoin speculations that this will continue til the upcoming week. So, what can we expect during the upcoming week ? Will the BTC price continue's to rise up after this brief price correction attempt ? Or the big guys in the market will continue to pull its price to lower levels ?

I expect the  market to trading in range this next week as the discussion between block chains owner and china central bank created uncertainty in the market. The bitcoin market is going to trend between $900 and $750 and we should not expect major market movement next week until the details of the discussion is made public. If the details is positive then expect bitcoin to take another upward trending and if negative expect it to trend further dawn.

[Zadicar]

As quoted by OP, the price has started to grow steeply by the year start. And due to the exchange inspection that took place in China made a big impact on the price. Following that the price fall in a very short time period and reached less than $800. Now once again it's giving a gradual increase. Hope this continues to make users happy.

I do agree with this we saw bitcoins price rally on previous months which it able to reach peak price of $1100 and as you said exchange inspections do really affects the bitcoins price which it lowers its price $250 in a matter of week or day as far i remember which really worries for some bitcoin investors like me but still i dont lose hope because pullback will definitely happen and now its stabilizing again its price.

[canhchuacaro1]

there are many different opinions about the Bitcoin exchange rates during the next
but I think Bitcoin will continue to grow stable
fluctuations have occurred, it was the foundation for further growth
I always believed in the future of this virtual currency

[Rupucers]

i say slow rise.

[erickkyut]

We can never tell what will happen in the future. Therefore, we cannot assume that bitcoin will increase or decrease it's value. What we can do is just hope that whatever happen to bitcoin in the near future will be beneficial to majority. But if we will base on its current performance in the market, I can say that bitcoin is doing good. I just hope that it will be consistent.

[Amph]

the bottom should be reached now, so i expect a increase from now maybe a steady one until we can get to the $900-1000 mark again but more stable this time

i think the price is still holding strong because of indian that bought bitcoin because of their note that were banned, other country are following also when they see the price increase

[qiman]

After the mass sell off I believe we might see this new floor at between 700-800 usd for quite some time now until more confidence builds again and of course we will see what will happen with the Chinese Exchanges and the Chinese People's Central Bank and what legislation will come to pass.

[bitbunnny]

I don't expect further fall or biger rise. I.think that price will stay between 800 and 900$ next couple weeks and then begin to slowly rise again. You mentioned the big guys who have important role and their interest could be inpredictible but the price shouldn't fall deeper.

[digaran]

You should move this to the speculations thread, here : https://bitcointalk.org/index.php?board=57.0 because most of the responses will be pure speculation. You have to see this in the bigger context to understand what happened. China, one of the biggest users of bitcoins had a bit of a wake up call from their government. The Bitcoin exchanges had a visit from the government, when their government realized that citizens might be using bitcoin for capital flight.

They had to protect their fiat currency, so they decided to scare people away from Bitcoin, by initiating a visit to the place where most transactions in Bitcoin are done. The people panicked and they started to sell their bitcoins, in fear that these exchanges might be closed or that their coins might be confiscated. < Just one more reason why we need decentralized exchanges >

This will hopefully go away without hiccups, if these government officials find everything in order. If they are not in order, then people would have to find other ways to deal in bitcoins directly.

You having access to your private keys is something that prevents any authority to confiscate any amount of bitcoin, leaving funds on exchanges wallets is one of the biggest mistakes people make. The rise was due to holidays and whenever people are happy and celebrating with some cash bonus from their jobs, they bought bitcoin more than usual and now after 2 weeks the market corrected itself and if it didn't then we could've had problems saying the price manipulation is real. people need to know that no government can take their bitcoins unless they give access to their private keys.

[1982dre]

I don't expect further fall or biger rise. I.think that price will stay between 800 and 900$ next couple weeks and then begin to slowly rise again. You mentioned the big guys who have important role and their interest could be inpredictible but the price shouldn't fall deeper.

I also guess it will hover between 800 and 900. But with Bitcoin you never knows what happened. If there is a hack or some bad news the price will directly goes down. Just hope only we hear some good news.

[Sadlife]

Oh sorry my bad i didn't know that this belong to the Speculation thread.
Thanks for the info now it's clearer hope that china comes back in investing bitcoin many countries are now using bitcoin also. If their people want to use it then let them be and they cant just take away someone's bitcoin that would be a serious data breach an invasion of privacy. Does the Bitcoin Exchanges sites doesnt have some kind of filtering of their users information.

[roomfirst]

the bottom should be reached now, so i expect a increase from now maybe a steady one until we can get to the $900-1000 mark again but more stable this time

i think the price is still holding strong because of indian that bought bitcoin because of their note that were banned, other country are following also when they see the price increase

The price of bitcoin is around $820-830 now and keep increase since yesterday. I think people trust the bitcoin again after the last week tragedy that bitcoin price goes down so hard and right now the price is become normal and increase. My speculation for next week is bitcoins price will increase.

[hase0278]

Next week, there are two predictions I have for this. First prediction is that it will be stable at 800$ above and it might be the new floor price for february. Second prediction is that it will gradually rise in the coming week but there is a possibility of a dump happening again but that dip is less likely to happen if there are no more bad news that we will see next week if there is and it is major, then it will dump hard.

[BigBos]

bitcoin will give you a surprise every day. but, we do not know what surprises will bitcoin give. may be, the higher the price, or the price is getting down. but, I think bitcoin prices will rise next week, because it always happens. I feel that this year bitcoin will be better than the previous year.

[noormcs5]

After the mass sell off I believe we might see this new floor at between 700-800 usd for quite some time now until more confidence builds again and of course we will see what will happen with the Chinese Exchanges and the Chinese People's Central Bank and what legislation will come to pass.

The bitcoin price will remain stable regardless of Chinese exchanges or Chinese fake volumes. We have experience high price mainly due to to big events like Christmas and New year 2017 and people created hype to reach new targets on these two days, so we got bitcoin flying. But now everything is going back to normal.

[PokerFace3]

Ive read some bitcoin speculations that this will continue til the upcoming week.

I'm also expecting the bouncing back of bitcoin prices will be keep on happening in upcoming days as there are many positive events is happening in many developed countries. New US economic policies is highly expected to support alternate investment like bitcoins.

I am expecting bitcoin prices to test $1000 levels again within this month itself. Currently sustaining price levels around $830+ is confirming that.