Call the Bottom (next 2 weeks)

[aardvark15]

I have no real guess or feeling
ok perhaps: that was it for now, will stay around 4450 for 3 days and then go up or down


Some investment bank, forgot the name, said 2500

I think the bottom will be around $3000. Could be lower or higher but that would be about a 40% drop from top. Anything below $3000 would be good buying opportunity for me. I'm just holding and not selling at all and only buying if it drops some more.

As far as how long before we hit bottom, it's hard to say. I would guess within a week and then level off for a while. Then start a gradual increase. We may not get back to $5000 until next summer. I definitely believe the price will recover but it may take a while. This drop probably will chase away the less experienced investors.

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[1Referee]

I am happily trading current volatility, but with how things are going right now, everything basically depends on how things will play out in the coming days. If we manage to maintain the $3000 level as minimum, we'll likely be up for a decent bump back up, but if there is not enough support to hold $3000, the market will likely tank deep below that level. If we take all progressions of this year into consideration, it should at least 'justify' the market to maintain the $2000 level. I can't put a figure on what level it will fall to in that situation, but anything above $2000 will do it. Another important point as mentioned a few posts above mine, the Goldman Sachs prediction becomes more realistic with the day - definitely something to focus on.

[goinmerry]

I have no real guess or feeling
ok perhaps: that was it for now, will stay around 4450 for 3 days and then go up or down


Some investment bank, forgot the name, said 2500

Go with the flow and gear up some extra ammos if you are expecting for more price dip.

I have no forecast for the upcoming weeks but still bitcoin is used to be like this even in the past. Just enjoy what is happening while taking a ride on it. This will end soon and price will be on crazy pump once again.

[richpress]

I am happily trading current volatility, but with how things are going right now, everything basically depends on how things will play out in the coming days. If we manage to maintain the $3000 level as minimum, we'll likely be up for a decent bump back up, but if there is not enough support to hold $3000, the market will likely tank deep below that level. If we take all progressions of this year into consideration, it should at least 'justify' the market to maintain the $2000 level. I can't put a figure on what level it will fall to in that situation, but anything above $2000 will do it. Another important point as mentioned a few posts above mine, the Goldman Sachs prediction becomes more realistic with the day - definitely something to focus on.

I'm looking for an entry around 2800 usd just to be safe, although reading this https://www.tradingview.com/chart/BTCUSD/l47c7Y3E-Why-Goldman-Sachs-Predicted-Bitcoin-Bottom-for-2300/ kinda explains why they are predicting the bottom to be around 2400.

[richardsNY]

No matter how severe current sell-off looks, the entire crypto market is still up by huge margins. We shouldn't forget that in January of this year we were still hovering at 3 figure levels, and now suddenly people are going through a panic rush, just chillax. If this means that the Chinese market will withdraw itself from the crypto space, then there is nothing that we can do -- let the market reach whatever bottom from where can focus on going up again. People act like this is the end of the world, but it's just China that we're talking about -- crypto doesn't rely on anything country related, and definitely not China.

[adzino]

No matter how severe current sell-off looks, the entire crypto market is still up by huge margins. We shouldn't forget that in January of this year we were still hovering at 3 figure levels, and now suddenly people are going through a panic rush, just chillax. If this means that the Chinese market will withdraw itself from the crypto space, then there is nothing that we can do -- let the market reach whatever bottom from where can focus on going up again. People act like this is the end of the world, but it's just China that we're talking about -- crypto doesn't rely on anything country related, and definitely not China.

True, but what if other country follows the same thing? It is going to be disastrous. Think how low the price could go through and the recovering phase would take ages.
But look at the bright side, no more Chinese investors dictating the price 

[john2231]

I have no real guess or feeling
ok perhaps: that was it for now, will stay around 4450 for 3 days and then go up or down


Some investment bank, forgot the name, said 2500

Go with the flow and gear up some extra ammos if you are expecting for more price dip.

I have no forecast for the upcoming weeks but still bitcoin is used to be like this even in the past. Just enjoy what is happening while taking a ride on it. This will end soon and price will be on crazy pump once again.

Hope it could be pump back again but i think it will not rise back to $4k mark in up..
Better to watch and monitor the movement of the price as i can see there are still many traders and holders are selling huge amount of bitcoin in any exchange site.. For now better to wait for more few days to see bitcoin become stable before get ready to buy huge amount of bitcoin before split this coming november..
And hoping that the price won't go more down and hit $2,500