How low will BTC crash in following days/weeks?

[HeRetiK]

I don't think that the price will crash over the days/weeks to come. This is all because of the the growth happening based on the natural growth happening with the bitcoin. By the falling weeks the price correction might happen causing the price to go above $5000 and sustain for a long time gaining resistance.

Bitcoin's growth really does seem to be much more natural and healthier this time around. I think for an actual crash to happen (> 40%) Bitcoin first needs to turn into a full on mania. People are way to level-headed right now. This doesn't mean that we won't see any further corrections though.

A healthy correction would end around 1000-1500 USD.

But it is extremely unlikely the panic will stop there with the November hardfork around the corner.
With over 90% miner support Core coin is likely to stop functioning alltogether, effectively dropping the price to exactly zero at the moment of the hardfork. Of course the new Bitcoin will also gain instant value but i doubt it will be anywhere near the Core coin value, maybe a 200-600 USD level like BCH is realistic.
Overall it's safe to conclude that the upcoming months will result in a ~90% value loss in regards to Core coin / SW2x.
I suspect altcoins will do the same, maybe some value will move to altcoins, resulting in less loss, but i think the vast vast majority will be dumped for fiat.

As for the people crying about losing their money the past day...
I hate to say I told you so...

So everything's going to be alright is what you're saying... perfect, thank you for your analysis, kwuk!

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[severaldetails]

When I look at the charts from today and yesterday, I think we have a bigger support at the level of about 4300 dollars.
So my prediction would be that there is the bottom for the movement we see at the moment.
For the next week I suppose bitcoin may try another attempt to reach the 5K level and stay above it.

[richpress]

A healthy correction would end around 1000-1500 USD.

But it is extremely unlikely the panic will stop there with the November hardfork around the corner.
With over 90% miner support Core coin is likely to stop functioning alltogether, effectively dropping the price to exactly zero at the moment of the hardfork. Of course the new Bitcoin will also gain instant value but i doubt it will be anywhere near the Core coin value, maybe a 200-600 USD level like BCH is realistic.
Overall it's safe to conclude that the upcoming months will result in a ~90% value loss in regards to Core coin / SW2x.
I suspect altcoins will do the same, maybe some value will move to altcoins, resulting in less loss, but i think the vast vast majority will be dumped for fiat.

As for the people crying about losing their money the past day...
I hate to say I told you so...

Thank you for the analysis, So If I understand correctly the bottom line is that we entered bear market territory and it should last at least until the November hardfork ? time to start shorting is that what you say ?

[cashodler]

$3999 and bounce back. The real question is what's going to happen in November.

[kwukduck]

A healthy correction would end around 1000-1500 USD.

But it is extremely unlikely the panic will stop there with the November hardfork around the corner.
With over 90% miner support Core coin is likely to stop functioning alltogether, effectively dropping the price to exactly zero at the moment of the hardfork. Of course the new Bitcoin will also gain instant value but i doubt it will be anywhere near the Core coin value, maybe a 200-600 USD level like BCH is realistic.
Overall it's safe to conclude that the upcoming months will result in a ~90% value loss in regards to Core coin / SW2x.
I suspect altcoins will do the same, maybe some value will move to altcoins, resulting in less loss, but i think the vast vast majority will be dumped for fiat.

As for the people crying about losing their money the past day...
I hate to say I told you so...

Thank you for the analysis, So If I understand correctly the bottom line is that we entered bear market territory and it should last at least until the November hardfork ? time to start shorting is that what you say ?

Well yes. Even without the November fork, one look at the charts will tell you that.

[CristiTCM]

Where near $5000 and indeed is a psychological barrier. Many early investor started selling, making some nice profit. Makes me wonder if this will turn into FUD and the price will continue to fall...

[mikenz]

I say 2800 -  3500.

https://www.tradingview.com/chart/BTCUSD/WL8Kmptk-mid-term-consolidation-could-be-in/

[alyssa85]

Ir's not a crash until it's a 15% move down.

Even if the price turns out to decrease with 15% from current levels it can't really be seen as a crash. In my book, a crash would be when we see the price decrease with a minimum of 25% in value.

We simply shouldn't discard the fact that even though the sentiment is hovering at record highs, the market was severely overbought, and for that reason people were expecting a correction to happen.

From here we'll find out how strong the support for the $4000 mark is in the coming days. It will be a great moment to buy back for those cashed out profits, or a great moment to enter the ship for the waiters.

It's going to tread water for a few days till the next difficulty adjustment, which should kick in 4 days time. It should adjust the difficulty upwards - whether this means the miners still to it or decamp to BCH causing backlogs in the mempool is anyone's guess. But we're still in a very unstable period where no-one knows which chain will prevail.

[sasaku bitbit]

the price of the bitcoin currently in following Sunday's start will be decreased to reach $4400, but the previous week had already reached $4800 so approaching the numbers $5000 then many investors who still hold or sell in a way to get a huge profit but this is really beyond our predictions I expect bitcoin will continue to come up.

[Maveth13]

I wouldn't call this a crash, maybe it's just a regular downswing that we have been experiencing these past few weeks. But most probably just a correction, the price of bitcoin went very high in a short time, so it's only normal that this occurs. Though whatever happen, don't spread fud.

[arseaboy]

Ir's not a crash until it's a 15% move down.

Even if the price turns out to decrease with 15% from current levels it can't really be seen as a crash. In my book, a crash would be when we see the price decrease with a minimum of 25% in value.

We simply shouldn't discard the fact that even though the sentiment is hovering at record highs, the market was severely overbought, and for that reason people were expecting a correction to happen.

From here we'll find out how strong the support for the $4000 mark is in the coming days. It will be a great moment to buy back for those cashed out profits, or a great moment to enter the ship for the waiters.

It's going to tread water for a few days till the next difficulty adjustment, which should kick in 4 days time. It should adjust the difficulty upwards - whether this means the miners still to it or decamp to BCH causing backlogs in the mempool is anyone's guess. But we're still in a very unstable period where no-one knows which chain will prevail.

correction is just ongoing and yes miners are turning to bitcoin cash and we can feel their action but once bitcoin pumped again they will simply go back
which is for miner profits are always first before thinking which direction they will go and what chain they will support.

[bitbunnny]

This is not a crash just the price correction and it will bounce back soon. I would also say that this was expected after so fast and so high price pump but nothing to worry about and definetely no reason for panic selling, a normal part of Bitcoin volatility. Maybe some have expected that we will cross 5000$ and continue heading to 6000$ or more so that is the reason why they call it a crash.

[Trela]

the price of the bitcoin currently in following Sunday's start will be decreased to reach $4400, but the previous week had already reached $4800 so approaching the numbers $5000 then many investors who still hold or sell in a way to get a huge profit but this is really beyond our predictions I expect bitcoin will continue to come up.

There are two ways for the price of Bitcoin in next week:
1. Bitcoin just corretion of price and comeback like earlier in August -> Breakout $5,000 and continue bullish trend
2. Bitcoin ended cycle bullish and change to new cycle, but I cannot predict exact this way because we have two option for take profit, first is USD and second is altcoin.

[n691309]

One thing that matters for this month (my opinion) is that people have lots of projects, going back to school/work, migrate to other countries and so on, for this is known the September and people may spend their funds in other things but bitcoin. So we might see a slightly drop of the cryptocurrencies price, but I believe that the price will get back and go to 5k in the next few months.

[Jewell]

Where near $5000 and indeed is a psychological barrier. Many early investor started selling, making some nice profit. Makes me wonder if this will turn into FUD and the price will continue to fall...

but still bitcoin do not have to stay here for a long time, but will continue increasing after saying here for a while while the early investors will sell their coins for booking profit while the other will try to get bitcoin even at that price and will be thinking about long term investment, where they are expecting to get good profit after some years.

[tristan1960]

Given these graphs, how low do you think, that BTC will crash? To $3800? Could it go all the way to the $2600?

It already went from $5000 to $4800... .

https://i.imgur.com/YkUPlPT.jpg (ridiculous grow)

https://i.imgur.com/wheksKv.jpg (predictable waves)

https://i.imgur.com/JYUgj5s.jpg (compared to situation in 2014)

https://i.imgur.com/zReoHDJ.jpg (...)

https://i.imgur.com/yuLKbci.jpg (possible predictions)

The zone between $3700 and $4000 will be very strong support in case of a dump. This region is intense and this is important not to let bitcoin go more down. I believe that support line between $3700 and $4000, will work when the time comes.

[shursight]

I dont think the price is gonna crash so much. Probably it will go down for at least $400 more. It is at $4600 right now, maybe it will hit $4200 each bitcoin but i dont think that is going to happen.
But going down to $2400 are you serious? that is more than 50% of actual value, not possible right now...
I think everybody has the opportunity to buy more bitcoins right now, or maybe altcoins that they are cheap too.

[lemfuture]

$1000 I hope, so I can buy three.

[BunnyShibe]

the price of the bitcoin currently in following Sunday's start will be decreased to reach $4400, but the previous week had already reached $4800 so approaching the numbers $5000 then many investors who still hold or sell in a way to get a huge profit but this is really beyond our predictions I expect bitcoin will continue to come up.

i think that currently the price of bitcoin is trading so strong therefore there are no chances that bitcoin price will fell down any more. because it i has a very strong support at 4000$ and therefore we are expecting that the price will now start recovering and will very soon recover its previous position and will even continue to increase more and more.

[Westfiled]

the price of the bitcoin currently in following Sunday's start will be decreased to reach $4400, but the previous week had already reached $4800 so approaching the numbers $5000 then many investors who still hold or sell in a way to get a huge profit but this is really beyond our predictions I expect bitcoin will continue to come up.

i think that currently the price of bitcoin is trading so strong therefore there are no chances that bitcoin price will fell down any more.

At least we should buy the bitcoin at $4500 and that can be consider as the bottom of the bitcoin price. as far as i understand if the price of the bitcoin will fall again. But it will above $5000 before the next fork such as segwit 2x will be happening in this month.