Safe to say Bitcoin "probably" won't go lower than $600-$700

[Carmen_Sandiego]

You probably are right. The price has several times tested the 800+ resistance and it always would not go down below that anymore. I think mid 800 is now our new low. Aren't we supposed to be glad that we will not see 700 and below anymore. But I guess those shorts will not stop to feed us with FUD to bring the price down.

I remember that surpassing the seven hundred dollars range, at the end of the last year, was a difficult task, and in fact this can already be seen as a great achievement, but this is probably just the beginning.
With regard to the current price, unlike what happened in the first week of this year, the price has risen more steadily in recent days, and this may be a sign that we are in a new phase of consolidation.

[crairezx20]

You probably are right. The price has several times tested the 800+ resistance and it always would not go down below that anymore. I think mid 800 is now our new low. Aren't we supposed to be glad that we will not see 700 and below anymore. But I guess those shorts will not stop to feed us with FUD to bring the price down.

I remember that surpassing the seven hundred dollars range, at the end of the last year, was a difficult task, and in fact this can already be seen as a great achievement, but this is probably just the beginning.
With regard to the current price, unlike what happened in the first week of this year, the price has risen more steadily in recent days, and this may be a sign that we are in a new phase of consolidation.

I think november that bitcoin price surpassed $700 value and i think before end of the month we experience to touch in 800 above or 900 until we hit 1k value.. you have the point we are still at the beginning when the bitcoin is rising users and i think more users will come and we are still not well known currency and i think we need more visibility in other social media and get more trust by many company so that people won't think that bitcoin is scam.. and we will see this good result in the future and like before when i was start using bitcoin i think $250 and now the price is really high in fact its 4x the price is increased. and i think it could be happen too this year..

[ProfessionalGoogler]

What do you mean by "probably" with quotes?
What kind of statement is this?I can say that bitcoin "probably" won`t go higher than $1000 and i`ll be right...
"probably".
You can`t predict this.

Nothing is predictable.. 100% 

[Noctis Connor]

Aw i need this . I need bitcoin to drop up to $600 so i can buy a few bitcoins so if bitcoin price pump again up to $1200 again well i can doubled up my bitcoin and make a good investment in my business again and i can make another branch of my business here in my country

[tokeweed]

You can scream it from the hilltops, my man.  It would be no crazier than any of the other predictions around here.  But I'd disagree.   We could certainly go that low or lower.  You've seen how volatile this past month has been.   There's no good reason why we couldn't drop to 700.  Or $200 for that matter.

There is a very single explanation as to why we will not go as low as $200... the answer is very clear: because there is a lot of people waiting to enter the market and any drop is good news for those waiting to get in.

That's all hubris.  A good example is how the Roman Empire fell because the people running it were so arrogant that they thought their beloved empire will never fall.  All it took was a movement from the poor to slowly relinquish the Romans off their power.  After a few centuries, they fell.

I'm not saying I want Bitcoin to fall nor do I want to.  All I'm saying that we're doomed once we're arrogant enough to think all this will live forever.

[Vaskiy]

We have experienced a good price increase from the bottom in a very short time. Also the price doesn't varying much on increase as well decrease. Its moving in a gradual manner, this gives the hope that bitcoin won't go below $700. I think it has a standard price which is around $750.

[maydna]

from that image, Total Bitcoins left to mine is 4,876,438 bitcoin, i don't think that bitcoin price is getting down for that price but as always, we can not predict the up and down but what we can do is make analysis and then its depend on the people in the market. but i don't want to see the price is getting lower from that price.

[AjithBtc]

Price is stable around $900 and it hasn't given a big drop or so on. So we can expect the price not to fall much lower as quoted by op.

[uki]

Nothing is guaranteed, apart from death and taxes, and it is even less guaranteed in Bitcoin. I guess a short look at the charts can prove that, even the chart in the OP.
Don't say never, but be prepared for either scenario and trade accordingly (I know it is much easier to said that, but that is my hint).

[mtwelve]

Nothing is guaranteed, apart from death and taxes, and it is even less guaranteed in Bitcoin. I guess a short look at the charts can prove that, even the chart in the OP.
Don't say never, but be prepared for either scenario and trade accordingly (I know it is much easier to said that, but that is my hint).

This. If you're able to set yourself up to win in a bull or bear market, you'll be fine in a volatile enviroment like with Bitcoin and crypto. Right now I'm trying to divest myself by a 50% fiat and 50% altcoin split atm, because I think we're about to see the price go down some. Not sure how much, but looks like it's going to be at least a couple percentage points.

[uki]

Nothing is guaranteed, apart from death and taxes, and it is even less guaranteed in Bitcoin. I guess a short look at the charts can prove that, even the chart in the OP.
Don't say never, but be prepared for either scenario and trade accordingly (I know it is much easier to said that, but that is my hint).

This. If you're able to set yourself up to win in a bull or bear market, you'll be fine in a volatile enviroment like with Bitcoin and crypto. Right now I'm trying to divest myself by a 50% fiat and 50% altcoin split atm, because I think we're about to see the price go down some. Not sure how much, but looks like it's going to be at least a couple percentage points.

I am also prepared for a dip to buy more, so maybe we are both biased by that. 
Anyway, a good and healthy correction would bring some fresh air to the charts.

[arbitrage001]

All bubbles eventually go bust.

[uki]

All bubbles eventually go bust.

Sure, but there are plenty in here who still hope that the $900 level is just a brief stop before resuming further rise. No matter what.

[molsewid]

i think its now safe to say that bitcoin wont go lower than $600-700. its been though this days and its still increasing because of the bigwhales are currently investing still on them  thats why the bitcoin wont go drop again becayse of investors but theres still new registered user here whos investing bitcoin thats the reason why its pumping also.

[uki]

i think its now safe to say that bitcoin wont go lower than $600-700. its been though this days and its still increasing because of the bigwhales are currently investing still on them  thats why the bitcoin wont go drop again becayse of investors but theres still new registered user here whos investing bitcoin thats the reason why its pumping also.

what is your time perspective?
if we talk about not dropping below $600-700 before February 2017, then I agree.
Further onwards, I am not that convinced any more.

[nizamcc]

i think its now safe to say that bitcoin wont go lower than $600-700. its been though this days and its still increasing because of the bigwhales are currently investing still on them  thats why the bitcoin wont go drop again becayse of investors but theres still new registered user here whos investing bitcoin thats the reason why its pumping also.

what is your time perspective?
if we talk about not dropping below $600-700 before February 2017, then I agree.
Further onwards, I am not that convinced any more.

I see this year to be continuing with a stability of $500-700 range because as mining rewards have halved, we should expect the price to remain at least the minimum double of what it used to be when the mining rewards were high. @molsewid, pumps have nothing to do with the current price or future price, they are just done to get a hold on your coins for more cheaper prices when you go strike your head after prices start falling and sell at the lowest.

[maku]

Guys, price of bitcoin should be more stable now. Chinese exchanges limited their leverage trading option which was known for being main reason behind current bitcoin's price volatility.
Margin traders were dragging price down as they usually tend to panic and sell to limit their loses. We may enter era of small steps and continuous rise.

[hase0278]

Guys, price of bitcoin should be more stable now. Chinese exchanges limited their leverage trading option which was known for being main reason behind current bitcoin's price volatility.
Margin traders were dragging price down as they usually tend to panic and sell to limit their loses. We may enter era of small steps and continuous rise.

I agree with you, there's still the possibility that it might go lower than 600$ or 700$ but there is the chance it wont ever even go beyond that point since like what the guy in the quote said, Chinese exchanges limited their leverage trading option therefore the force that the Chinese people have in terms of dumping is lessened so we might not see another 300$ or 200$ again.

[ProfessionalGoogler]

I think the blue line is looking most promising...

Next: TO THE MOON! 

[Doms]

Nothing is guaranteed, apart from death and taxes, and it is even less guaranteed in Bitcoin. I guess a short look at the charts can prove that, even the chart in the OP.
Don't say never, but be prepared for either scenario and trade accordingly (I know it is much easier to said that, but that is my hint).

This. If you're able to set yourself up to win in a bull or bear market, you'll be fine in a volatile enviroment like with Bitcoin and crypto. Right now I'm trying to divest myself by a 50% fiat and 50% altcoin split atm, because I think we're about to see the price go down some. Not sure how much, but looks like it's going to be at least a couple percentage points.

I am also prepared for a dip to buy more, so maybe we are both biased by that. 
Anyway, a good and healthy correction would bring some fresh air to the charts.

Corrections are always a welcome sight to those patient enough for it to happen, and it is bound to happen at some point, when those who think $1000 is already a good price to sell do start taking profits. I wouldn’t mind if the price corrects to as low as $800 or even lower, and just stay there for a while. I miss the days when I was thinking that $750 was too steep a price.