What's your predictions for the 30th of September

[Yuuto]

BTCC will be no more on September 30th. How do you see this effecting the price?

It'll definitely be negatively influencing the price. Although i think that the price will stabilize at around the current level which is $3500-4000 till the end of the month because people have started to realize that China isn't the biggest actor in the market anymore.

Either price stabilizes, or price goes down to $3000 or so and stabilize there.

Either way, there shouldn't be too much dumping downwards.

[1714863533]

1714863533

[1714863533]

1714863533

[btcney]

BTCC will be no more on September 30th. How do you see this effecting the price?

It'll definitely be negative on the price.

However, i really don't think that it's going to be having a big impact on the price at all. Price has already adjusted accordingly when the news first came out, so it'll not come as a surprise to traders when BTCChina does close down.

I'd expect a maximum $200-300 fall from the current level, which means around $3300-3400.

[timerland]

BTCC will be no more on September 30th. How do you see this effecting the price?

It definitely won't be positive news for bitcoin but i also doubt that it's going to bring a big dump at all. In fact i see that it'll probably not going to even affect the bitcoin price much, unless the Chinese government decides to put a ban on all bitcoin transactions all of a sudden ( very unlikely).

I think that by end of the month we're still at around $3700.

Potentially even higher, as we've seen demand for btc under $4k grow over the past few days.