Bitcoin Price Stabilizes at $2,700, Another Surge Imminent?

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After a major market correction which sent bitcoin price from its all-time high of $2,973 to $2,261, bitcoin price has stabilized at the $2,700 region.
Since the June 14 fall to $2,261, bitcoin price has since recovered and stabilized at $2,730. Since June 18, for nearly a week, bitcoin price maintained its upward momentum and sustained its price in the $2,700 region.

Tone Vays, prominent bitcoin trader and consultant, stated that he foresees a breakout with the activation of the Bitcoin Core development team’s transaction malleability fix Segregated Witness (Segwit) imminent.

[Red-Apple]

the fact that price came up from the lowest (which was $2100ish by the way) price up again and has been rather stable for a considerable amount of time is a good sign.

and it is kind of an obvious prediction to say after activation of SegWit price rise is imminent!
because SegWit activation is a lot of good news on its own, it is the end of a long debate, it is scaling solution, it is the end of all the uncertainty, it is the start of the futuristic development,...

[VC George]

Many people are expecting a flash crash and a fast recovery after the fork is implemented. In that sense if you hold 2BTC for example it would be good to liquidate one of them in order to take advantage of the situation if you believe we'll face the correction. Buying low is always nice 

[Wind_FURY]

Do not listen to Tone Vays too much. Some of his opinions are too bullish and biased when it comes to Bitcoin. He is a Bitcoin "maximalist", but he tries to help people make informed decisions concerning cryptocurrencies though.

[Sniper44]

Many people are expecting a flash crash and a fast recovery after the fork is implemented. In that sense if you hold 2BTC for example it would be good to liquidate one of them in order to take advantage of the situation if you believe we'll face the correction. Buying low is always nice 

nobody is expecting anything and that is the problem because we don't know how the fork is going to happen. so price can even flash rise to $3200 after the fork is implemented.

also i was reading this topic today on speculation board which has an interesting poll result of people saying bitcoin is not in a bubble: https://bitcointalk.org/index.php?topic=1983679.0

[Palmerson]

The surge in the price of bitcoin is inevitable. Too now the hot market and supporters of the currency full of hope for the growth rates. Everyone wants to get rich and keep his bitcoins. In such circumstances, I think we will see the price of 4000.

[grermezter]

The surge in the price of bitcoin is inevitable. Too now the hot market and supporters of the currency full of hope for the growth rates. Everyone wants to get rich and keep his bitcoins. In such circumstances, I think we will see the price of 4000.

Even though the surge in the price of bitcoins is very good news, I think it will be rather safe to know what causes these surges, Bitcoins isn't tied to any economy like the US DOLLARS and other currencies and also when is it gonna pass the $3000 threshold.

[Prodigan786]

Exactly bitcoin found stability after June 15 here is the point which decide the future if it  crashes atleast 200$ it will go downward otherwise if it gains atleast 3000 by next one month may it reach 5000 $ end of year.

[Kprawn]

I think that there are a lot of uncertainty out there at the moment. You will not see a lot of money flowing into Bitcoin now, until after the 1st of

Aug 2017. I hope this whole coin fork event will go off without any major glitches and then we will see a massive influx of new investments, once

people recognize that this event is just another step towards Bitcoin's greatness. 

[BrewMaster]

I think that there are a lot of uncertainty out there at the moment. You will not see a lot of money flowing into Bitcoin now, until after the 1st of

Aug 2017. I hope this whole coin fork event will go off without any major glitches and then we will see a massive influx of new investments, once

people recognize that this event is just another step towards Bitcoin's greatness. 

it is all about the timing in my opinion. bitcoin has its rally this past 2 months and stabilized above $2.5k and the fork drama is just like icing on the cake and even without it i am sure we would have had a similar down time when price stops doing anything.

[Slark]

Two words: Scaling Solution - the level and magnitude do this event can be compared to the halving.
Just take a look what simple SegWit activation done to Litecoin, wich has been considered to be a stagnant and slowly dying coin.
The price of Litecoin raised from $4 to $45 over 3 months! Imagine what upgrading Bitcoin will do to its price!

[Phyton76]

Many people are expecting a flash crash and a fast recovery after the fork is implemented. In that sense if you hold 2BTC for example it would be good to liquidate one of them in order to take advantage of the situation if you believe we'll face the correction. Buying low is always nice 

Short term investment will be a great thing at this time because we can see the bitcoin price is going down a lot and going high a lot also you can buy bitcoin in 2200$ and sell it in 2800$ easily and that was really sound like an easy money to many investors and traders.

[BitFinnese]

Two words: Scaling Solution - the level and magnitude do this event can be compared to the halving.
Just take a look what simple SegWit activation done to Litecoin, wich has been considered to be a stagnant and slowly dying coin.
The price of Litecoin raised from $4 to $45 over 3 months! Imagine what upgrading Bitcoin will do to its price!

I think this is way better than halving.  Imagine, the long known problem of Bitcoin will be resolved?  This means bullish Bitcoin.  We can see an increase in price and hype even though lots will spread FUD about chain split but I believe the good news will outweigh the bad.  Aside from that, think of doubling your stash when the network split, you got bitcoins in two network anyway and that means profit!

[BrewMaster]

Two words: Scaling Solution - the level and magnitude do this event can be compared to the halving.
Just take a look what simple SegWit activation done to Litecoin, wich has been considered to be a stagnant and slowly dying coin.
The price of Litecoin raised from $4 to $45 over 3 months! Imagine what upgrading Bitcoin will do to its price!

yeah but you can't really compare bitcoin and litecoin. when litecoin activated segwit it just activated segwit (end)! despite all the other things that they are doing and the new developments in LTC but it is still the same LTC
but when bitcoin activates segwit it is just the beginning. it first ends the very long scaling debate. then relives a lot of the pressure on the backlog not just because it is scaling solution but because the spam attackers will stop. and also it simply means we will move forward. right now it is an endless loop of discussions to no end without letting bitcoin grow in adoption.

[deisik]

Two words: Scaling Solution - the level and magnitude do this event can be compared to the halving.
Just take a look what simple SegWit activation done to Litecoin, wich has been considered to be a stagnant and slowly dying coin.
The price of Litecoin raised from $4 to $45 over 3 months! Imagine what upgrading Bitcoin will do to its price!

yeah but you can't really compare bitcoin and litecoin. when litecoin activated segwit it just activated segwit (end)! despite all the other things that they are doing and the new developments in LTC but it is still the same LTC
but when bitcoin activates segwit it is just the beginning. it first ends the very long scaling debate. then relives a lot of the pressure on the backlog not just because it is scaling solution but because the spam attackers will stop. and also it simply means we will move forward. right now it is an endless loop of discussions to no end without letting bitcoin grow in adoption

Remember that we are not there yet

And while it is very comforting and pleasant to think how Bitcoin is going to surge when SegWit is finally activated (or even before the actual event), it is still essentially counting chickens before they are hatched. The market seems to be undecided still, and things can make an unpleasant turn. Jihan may come up with something completely unexpected (I guess we should already get used to his tricks and pranks). After all, he and his nasty minions can really go for it and fork off Bitcoin

[angaper]

Regardless of the momentary impact that the August event may generate on the price of bitcoin, in my opinion it is undoubtedly that the price will continue to rise in the medium term. Given that the market is still very young and with great potential for growth, even in the worst panorama in which bitcoin is displaced from its current hegemony, the pure inertia of the crypto market would make difficult, almost impossible for bitcoin not to increase its price at least x2 in the next couple of years.

[Netnox]

Many people are expecting a flash crash and a fast recovery after the fork is implemented. In that sense if you hold 2BTC for example it would be good to liquidate one of them in order to take advantage of the situation if you believe we'll face the correction. Buying low is always nice  

What if there is no crash and the prices zoom to $6,000 per coin? In that case, your BTC2.00 holding will be reduced to BTC1.50. Just wait for a few more weeks, until the picture becomes clear. No one knows how the fork will be received by the Bitcoin community.

[deisik]

Regardless of the momentary impact that the August event may generate on the price of bitcoin, in my opinion it is undoubtedly that the price will continue to rise in the medium term. Given that the market is still very young and with great potential for growth, even in the worst panorama in which bitcoin is displaced from its current hegemony, the pure inertia of the crypto market would make difficult, almost impossible for bitcoin not to increase its price at least x2 in the next couple of years

It will all depend on how things are actually going to play out in the end

If there is a split, so much dreaded of, and the two chains start a war against each other (which is sort of a given), I wouldn't call the impact of this event or process as momentary (or temporary). In fact, it will have long lasting consequences (apart from lasting some time on its own), especially if no chain is able to (quickly) overcome the other. This seems to be the baddest case scenario but there might be even badder ones (and still more so if Jihan and his minions haven't yet played their hand). We can only wait, pray, and see how the situation will unfold

[avikz]

Bitcoin couldn't hold at 2700 USD level and again came back to 2520 USD level. So I believe the price is not stabilized yet and there is a room for another correction. I believe bitcoin price will stabilize at 2500 level only and then it will gain strength to surge. The market cap has also increased by some percentage as a lot of people are moving to a different currency like ETH.

However, at the current level, I believe it will take some time to increase again, at least few weeks from now. But once the increase starts, it will end up above 3300 level. But that's what I am speculating and not sure what's really going to happen. Lets wait and watch and don't forget to buy more bitcoins at this time.

[audaciousbeing]

After a major market correction which sent bitcoin price from its all-time high of $2,973 to $2,261, bitcoin price has stabilized at the $2,700 region.
Since the June 14 fall to $2,261, bitcoin price has since recovered and stabilized at $2,730. Since June 18, for nearly a week, bitcoin price maintained its upward momentum and sustained its price in the $2,700 region.

Tone Vays, prominent bitcoin trader and consultant, stated that he foresees a breakout with the activation of the Bitcoin Core development team’s transaction malleability fix Segregated Witness (Segwit) imminent.

As at this time, the price as gone down to $2500+ which is something that has been happening since yesterday. I feel the time for stability is not anytime soon with various news coming from here and there, the market is still subject to a lot of volatility which will likely continue. I believe the market will actually recover as this also presents an opportunity for everyone to tap into.