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Author Topic: Bitcoin presently at a resistance hold or break $4100 to $4300  (Read 668 times)
gabbie2010
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October 03, 2017, 04:12:52 PM
 #1

According to this chart analysis it is speculated that if bitcoin cannot break this resistance it is likely it will pullback or corrected to $3600 and panicking sellers may pushed it even lower,  but if the present resistance is broken, there is the tendency that bitcoin is going to all time higher record of $5K+
http://cryptopost.com/bitcoin-daily-btc-facing-strong-resistance-september-27-2017/
Analyst contribution is welcomed.

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October 03, 2017, 04:24:14 PM
 #2

According to this chart analysis it is speculated that if bitcoin cannot this resistance it is likely it will pullback or corrected to $3600 and panicking sellers may pushed it even lower,  but if the present resistance is broken, there is the tendency that bitcoin is going to all time higher record of $5K+
http://cryptopost.com/bitcoin-daily-btc-facing-strong-resistance-september-27-2017/
Analyst contribution is welcomed.

Let's not be too pessimistic here. If we fail to break the current resistances, I guess $4000 is still a good entry point for a lot of people that want to buy bitcoin cheaper. I remain bullish, 2 forks are coming, this means people want to hold BTC to receive the coins on the forked chains, I believe $5000 is possible before Jeff Garzik crashes the price in november due the 2x attack.

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October 03, 2017, 04:32:09 PM
 #3

FUD here is not an option, if you are aware about the forecast of the event next month, then we had to anticipate the price prediction but 3600 is quite too low. Probable price maybe around 3800 to 4000 during correction.So the best move here is HODL and wait until November for price recovery. Targeted price of 5K all-time-high is unlikely to happen this last quarter of 2017.

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October 03, 2017, 09:36:05 PM
 #4

According to this chart analysis it is speculated that if bitcoin cannot this resistance it is likely it will pullback or corrected to $3600 and panicking sellers may pushed it even lower,  but if the present resistance is broken, there is the tendency that bitcoin is going to all time higher record of $5K+
http://cryptopost.com/bitcoin-daily-btc-facing-strong-resistance-september-27-2017/
Analyst contribution is welcomed.

I haven't read the article but by looking at the title it says september-27-2017? We are October already. Anyways, we have touch $4400 but there is a little correction at around $42xx. But I doubt that it will go lower than $4000. I don't see any news that will pull back the price. The Segwit2x is still far to influence the price. I really thought that we are heading to $4500-$5000 though couple of days ago because the market is bullish then. But their is a minor correction now and maybe $4500 is the new psychological barrier for most traders. But I remain very positive that $5000 can be touch around mid-October. And even if is crash to $3600, it's gonna be a good buying point for all of us.

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October 03, 2017, 10:39:55 PM
 #5

With China and Japan on the verge of embracing the crypto world, I'm expecting the price of Bitcoin to hit $5K by the end of the year.

https://news.bitcoin.com/virtual-currencies-expected-to-regulated-in-china-on-october-1st/
https://www.bitsonline.com/japanese-exchanges-licenses/


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October 03, 2017, 11:05:24 PM
 #6

It is a little bit confusing looking at the charts right now, because the price is between $4250 and $4400, and that makes it looks more confusing, since it is not breaking any of those resistances, if that happens, then it means that the price is going to go down again, or up if it goes upto $4400.
I dont know what to expect anymore, the market is so unpredictable right now.

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October 03, 2017, 11:09:46 PM
 #7

It is a little bit confusing looking at the charts right now, because the price is between $4250 and $4400, and that makes it looks more confusing, since it is not breaking any of those resistances, if that happens, then it means that the price is going to go down again, or up if it goes upto $4400.
I dont know what to expect anymore, the market is so unpredictable right now.

That means the price of bitcoin quite stable, If this will be not related to the correction and i should think that about the possibility of the next crash before the 2x segwith fork will be happened as soon as possible. The market direction was random.


     
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October 03, 2017, 11:20:24 PM
 #8

According to this chart analysis it is speculated that if bitcoin cannot this resistance it is likely it will pullback or corrected to $3600 and panicking sellers may pushed it even lower,  but if the present resistance is broken, there is the tendency that bitcoin is going to all time higher record of $5K+
http://cryptopost.com/bitcoin-daily-btc-facing-strong-resistance-september-27-2017/
Analyst contribution is welcomed.

As i can see that bitcoin will really hold it's position right now and for sure it will break it's all time high right before the end of this year. Those who are on panic will really suffer loss. Bitcoin has a great potential become stronger as the demand for this continues to increase, no doubt when it hit $5k this year.
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October 03, 2017, 11:30:46 PM
 #9

According to this chart analysis it is speculated that if bitcoin cannot this resistance it is likely it will pullback or corrected to $3600 and panicking sellers may pushed it even lower,  but if the present resistance is broken, there is the tendency that bitcoin is going to all time higher record of $5K+
http://cryptopost.com/bitcoin-daily-btc-facing-strong-resistance-september-27-2017/
Analyst contribution is welcomed.

As i can see that bitcoin will really hold it's position right now and for sure it will break it's all time high right before the end of this year. Those who are on panic will really suffer loss. Bitcoin has a great potential become stronger as the demand for this continues to increase, no doubt when it hit $5k this year.

I even think it got to break the 4k mark since last week and formed bullish. I still see it bullish until it ends the last candle on 5k before it could pick another direction (which I don't know what it will be ). Meanwhile, buying now is still ok.
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October 03, 2017, 11:56:55 PM
 #10

Well since bitcoin is unpredictable and volatile we do not know what will be happen for the price of bitcoin but because of a good news from china regulating ICO again and i think the only problem with the price of bitcoin right now those people are weak hands holding their bitcoin before the fork ..
And i think they don't let happen again instead they will support bitcoin and if the price was stay in the current level the price can be hit even $6k value after the fork..

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October 04, 2017, 12:11:58 AM
 #11

If it's anything like the last fork, Bitcoin will continue to go lower and then rise after the next fork.

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October 04, 2017, 02:26:59 AM
 #12

It is clear that BTC will go higher (before next fork),
it has a strong support now and it will get a bit correction from a short time trader and it will just jump.

Forking is other stroy,
it may boost the price even higher like previous August
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October 04, 2017, 05:03:29 AM
 #13

According to this chart analysis it is speculated that if bitcoin cannot this resistance it is likely it will pullback or corrected to $3600 and panicking sellers may pushed it even lower,  but if the present resistance is broken, there is the tendency that bitcoin is going to all time higher record of $5K+
http://cryptopost.com/bitcoin-daily-btc-facing-strong-resistance-september-27-2017/
Analyst contribution is welcomed.

As i can see that bitcoin will really hold it's position right now and for sure it will break it's all time high right before the end of this year. Those who are on panic will really suffer loss. Bitcoin has a great potential become stronger as the demand for this continues to increase, no doubt when it hit $5k this year.
Yes the price of bitcoin kept hovering around $4200 to $4400 in last few days I believed that area is a strong resistance that is why the position is consistently being held but with the upcoming segwit 2x I am very optimistic that the resistance will be broken to a new higher high and again my expectation is more buyers will contributes to the breakdown of this resistance.

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October 04, 2017, 05:19:37 AM
 #14

According to this chart analysis it is speculated that if bitcoin cannot break this resistance it is likely it will pullback or corrected to $3600 and panicking sellers may pushed it even lower,  but if the present resistance is broken, there is the tendency that bitcoin is going to all time higher record of $5K+
http://cryptopost.com/bitcoin-daily-btc-facing-strong-resistance-september-27-2017/
Analyst contribution is welcomed.

Analysis here and there have succeeded in one thing which is failing to understand that the past is not the sole determination of the future which is why I won't believe it. The price of bitcoin has touched the $4400+ before retreating backwards to what it is now. The option before us is that if it didn't go beyond the $4500+ the reason why it will fall is not going to be correction but rather the upcoming fork.

Also, the upcoming fork is not expected to make too much impact as the kind of scenario is not happening the first time unlike the August 1 saga. So, we won't have retreat down to that $3600.

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October 04, 2017, 05:51:07 AM
 #15

that charts created on 27th september and right now we are at 4th october.
based on his analyst we're already surpassing the resistence level and made a new support at $4300 level right now,right?
for upcoming drama i think we should have 3 possibilities that will happen.
1.There will be another Fud before hardfork,and afterwards the price will increasing significantly.
2.We will see a huge boost a few days before hardfork and afterwards the price will slowly declining and then consolidated.
3.We will see a huge boost from now on aka Bullrun and then after the hardfork,the price keep increasing and show us some correction before another take off.

from my observation,most likely we will see another Bullrun in the next few days later or weeks,so most likely we should see scheme 2 and 3.
and i think scheme number 3 is the most accurate one

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October 04, 2017, 07:15:24 AM
 #16

The current resistance is at $4300 and if it drops then I think that the $4100 is a good support line for Bitcoin. Although I dont think that the price will drop any time soon knowing that the hard fork is near and so the chance for bitcoin to increase in price are quiet good. When the last hard fork happened the prices were increased before the fork and then later it increased further more. So it might happen this time too and the chances for bitcoin to cross $5000 are too high.


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October 04, 2017, 08:10:30 AM
 #17

According to this chart analysis it is speculated that if bitcoin cannot break this resistance it is likely it will pullback or corrected to $3600 and panicking sellers may pushed it even lower,  but if the present resistance is broken, there is the tendency that bitcoin is going to all time higher record of $5K+
http://cryptopost.com/bitcoin-daily-btc-facing-strong-resistance-september-27-2017/
Analyst contribution is welcomed.

anything could be happen but personally, i will hold it and if its down, then its my chance to buy back again. its doesn't matter if the price is down or not, we can still hold it for a long times. but i think the price will be down and if i see in the chart, it seems it will down more than $42xx or $41xx and lets hope that the price is not down until $36xx. there will be many people panic to see this and they're gonna sell their bitcoin with fast.

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October 04, 2017, 08:18:29 AM
 #18

$4400 before you even know it  Grin
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October 04, 2017, 08:19:27 AM
 #19

I have read 8000$ a december for BTC , is really ? .

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October 04, 2017, 08:28:47 AM
 #20

YES.
It is rising, I bought more and I keep more,.... some btc is swithed already to other coin,
it may be a good time to buy now,.... I hope so
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October 04, 2017, 08:33:45 AM
 #21

I have read 8000$ a december for BTC , is really ? .

I am not sure about $8000 but looking at the past trend of surge in the value of bitcoin i can assure $8000 is achievable but i don't think it will happen in December but most probably in the April to June quarter of 2019 it might be possible but we cannot predict it as we need to be up to date with the ups and downs of bitcoin in order to predict it more accurately.

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October 04, 2017, 08:51:33 AM
 #22

If it's anything like the last fork,  will continue to go lower and then rise after the next fork.
exactly i think the next downtrend is coming after which the price will reach upto 6000$ and this will be the time to fill your bags up for the much profit in the end i have sold some of my bitcoin at 4500$ and now waiting for the next dump so, that i can make a good profit again and according to my asumption the price will reach again to the 3000$to 3500$ and that will be the right time to fill bags.

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October 04, 2017, 08:59:31 AM
 #23

If it's anything like the last fork,  will continue to go lower and then rise after the next fork.
exactly i think the next downtrend is coming after which the price will reach upto 6000$ and this will be the time to fill your bags up for the much profit in the end i have sold some of my bitcoin at 4500$ and now waiting for the next dump so, that i can make a good profit again and according to my asumption the price will reach again to the 3000$to 3500$ and that will be the right time to fill bags.

if the scenario of last fork is going to happen then price should start falling NOW because the drop started nearly 2 months before the fork in late June and the biggest drop was in mid July which was 1.5 month before the fork (August 1).

but as you can see the price has been rising and the drop came before all this and was not even related to the fork!

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October 04, 2017, 09:45:10 AM
 #24

some people always be utilize everytime bad news related to bitcoin and currently most people will talking about the upcoming hardfork which had influence for bitcoin price itself and i believe by the end of this month the price slightly dropped and maybe panic sold will happened even the chance are pretty small so the price corrections maybe lower at $4000 before hardfork 

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October 04, 2017, 09:50:46 AM
 #25

I have read 8000$ a december for BTC , is really ? .

I am not sure about $8000 but looking at the past trend of surge in the value of bitcoin i can assure $8000 is achievable but i don't think it will happen in December but most probably in the April to June quarter of 2019 it might be possible but we cannot predict it as we need to be up to date with the ups and downs of bitcoin in order to predict it more accurately.

Thanks , today falling down i think is very good to buy .

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October 04, 2017, 11:15:12 AM
 #26

According to this chart analysis it is speculated that if bitcoin cannot break this resistance it is likely it will pullback or corrected to $3600 and panicking sellers may pushed it even lower,  but if the present resistance is broken, there is the tendency that bitcoin is going to all time higher record of $5K+
http://cryptopost.com/bitcoin-daily-btc-facing-strong-resistance-september-27-2017/
Analyst contribution is welcomed.

It’s normal. I think as there no significant event bad or good at this moment, the fud has stop as well as the bullish at that range. But eventhough it touches around 4400$ it seems holding back a little to early for the segwit. I don’t think this happening is in relation to November fork and it might be just a correction. In my guts I’m sure that before November, a possible 5000$ is achievable but have only small margin of downfall below 4000$. It wasn’t be as big like what happened last August 1. So I think at this stage it will be a much silent month.
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October 04, 2017, 01:57:51 PM
 #27

According to this chart analysis it is speculated that if bitcoin cannot break this resistance it is likely it will pullback or corrected to $3600 and panicking sellers may pushed it even lower,  but if the present resistance is broken, there is the tendency that bitcoin is going to all time higher record of $5K+
http://cryptopost.com/bitcoin-daily-btc-facing-strong-resistance-september-27-2017/
Analyst contribution is welcomed.

Well i take it as a win win situation since i'm going for long term. If it doesn't break away now and dips lower with scaredy cats panic selling, then that would be a good time to add btc. If it goes up and breaks this resistance then i'm not going to complain though i dob't plan still on selling at 5k if that happens

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October 04, 2017, 02:43:08 PM
 #28

I think it is going up. The next few weeks will surely give us a clear indication. If the price breaks the previous high then we almost certainly will continue rising above $5,500 and likely $6,000. However, a dip in the next while like the ones we just rebounded from will indicate we are in a long-term crash.


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October 04, 2017, 02:46:04 PM
 #29

If it's anything like the last fork,  will continue to go lower and then rise after the next fork.
exactly i think the next downtrend is coming after which the price will reach upto 6000$ and this will be the time to fill your bags up for the much profit in the end i have sold some of my bitcoin at 4500$ and now waiting for the next dump so, that i can make a good profit again and according to my asumption the price will reach again to the 3000$to 3500$ and that will be the right time to fill bags.

if the scenario of last fork is going to happen then price should start falling NOW because the drop started nearly 2 months before the fork in late June and the biggest drop was in mid July which was 1.5 month before the fork (August 1).

but as you can see the price has been rising and the drop came before all this and was not even related to the fork!

We have almost 1 month to the fork. I don't know its exact date.

For the comment you made, you're pointing out the correct things. This action can't be related to the hard fork scenario. It still stayed above $4000 even this was very hard.

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October 04, 2017, 03:12:24 PM
 #30

Consistently moving between the $4k and $4.4k mark which makes it hard to call whether it will fall off or rise up to all time high. One thing is for sure that the lesser panic sellers at the time of FUDs, the better for the price of Bitcoin. Best case scenario, with some big players chiming in, it could break the $5k barrier within this year but then again, nothing is certain.


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October 04, 2017, 04:20:54 PM
 #31

The price is making a serious correction now and we may witness another pump in days to come as the selling pressure is very low.  The volume indicators are pointing towards upward momentum. We should not think that price move in a hundred percent base on price pattern and because of this many are always cut across of the bullets between the professionals and the whales. Don't be cut inbetween because price will not fall or pump without proper reason or good or bad news.


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October 04, 2017, 04:33:35 PM
 #32

The price is making a serious correction now and we may witness another pump in days to come as the selling pressure is very low.  The volume indicators are pointing towards upward momentum. We should not think that price move in a hundred percent base on price pattern and because of this many are always cut across of the bullets between the professionals and the whales. Don't be cut inbetween because price will not fall or pump without proper reason or good or bad news.
for sure if the whales shaken the market many panic holders will fall with them and they can grab more cheap btc so better to be prepared and less
worries as fluctuations always part of this investment and we just needed to have a strong guts to continue.

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October 04, 2017, 07:18:21 PM
 #33

According to this chart analysis it is speculated that if bitcoin cannot break this resistance it is likely it will pullback or corrected to $3600 and panicking sellers may pushed it even lower,  but if the present resistance is broken, there is the tendency that bitcoin is going to all time higher record of $5K+
http://cryptopost.com/bitcoin-daily-btc-facing-strong-resistance-september-27-2017/
Analyst contribution is welcomed.

Well, yeah, that's what we have been saying the whole time. I love the threads that claim there are issues with prices and when you look at the time of posting versus the price indexes, there was never a problem and it is just some fantasy based trading RPG they live in.
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October 04, 2017, 07:40:17 PM
 #34

Rarely does Bitcoin (or any crypto coin) stay horizontal for long.

If it can't break resistance, the probability is greater that it will correct.

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October 05, 2017, 10:25:34 AM
 #35

According to this chart analysis it is speculated that if bitcoin cannot break this resistance it is likely it will pullback or corrected to $3600 and panicking sellers may pushed it even lower,  but if the present resistance is broken, there is the tendency that bitcoin is going to all time higher record of $5K+
http://cryptopost.com/bitcoin-daily-btc-facing-strong-resistance-september-27-2017/
Analyst contribution is welcomed.
Well, it is still a speculation for now and speculations like this will even make the price to pullback even more as people will quickly want to dump hoping they can buy back at probably $3500. I do not see that happening anyway and I so much believe like someone rightly said that a lot of people will want to hold so they can have the other side of the forked chain once it occurs. I think it is better we hope for the best.

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October 05, 2017, 11:24:19 AM
 #36

FUD here is not an option, if you are aware about the forecast of the event next month, then we had to anticipate the price prediction but 3600 is quite too low. Probable price maybe around 3800 to 4000 during correction.So the best move here is HODL and wait until November for price recovery. Targeted price of 5K all-time-high is unlikely to happen this last quarter of 2017.
Better anticipation you have made. Yes bitcoins prices are going up but not like that rocket speed. There would be a strong up and price chart may move towards sky but not more than $5000.

Like you said, there would not be any prediction that can cope up in reality. Don’t just assume, think practically and yes hold and hold, it benefits you.

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October 05, 2017, 02:07:06 PM
 #37

Well, it is still a speculation for now and speculations like this will even make the price to pullback even more as people will quickly want to dump hoping they can buy back at probably $3500. I do not see that happening anyway and I so much believe like someone rightly said that a lot of people will want to hold so they can have the other side of the forked chain once it occurs. I think it is better we hope for the best.

There's talk of another fork.  If July and August repeats itself, then Bitcoin will plummet before the fork and then rally after the fork.

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October 05, 2017, 10:57:27 PM
 #38

According to this chart analysis it is speculated that if bitcoin cannot break this resistance it is likely it will pullback or corrected to $3600 and panicking sellers may pushed it even lower,  but if the present resistance is broken, there is the tendency that bitcoin is going to all time higher record of $5K+
http://cryptopost.com/bitcoin-daily-btc-facing-strong-resistance-september-27-2017/
Analyst contribution is welcomed.

It doesn't mentioned how long is the given period for the resistance period. It's not an easy road for bitcoin price to just break a resistance without any continuous hard trend. So for me, the speculation have lack of basis because it's just covered short period which is not a good reference point.

Well don't want to dig into this deeply. Anyone can speculate and let's just see if the assumptions will be close to happening.

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October 06, 2017, 02:42:16 AM
 #39

According to this chart analysis it is speculated that if bitcoin cannot break this resistance it is likely it will pullback or corrected to $3600 and panicking sellers may pushed it even lower,  but if the present resistance is broken, there is the tendency that bitcoin is going to all time higher record of $5K+
http://cryptopost.com/bitcoin-daily-btc-facing-strong-resistance-september-27-2017/
Analyst contribution is welcomed.

It doesn't mentioned how long is the given period for the resistance period. It's not an easy road for bitcoin price to just break a resistance without any continuous hard trend. So for me, the speculation have lack of basis because it's just covered short period which is not a good reference point.

Well don't want to dig into this deeply. Anyone can speculate and let's just see if the assumptions will be close to happening.

Agreed. And after breaking the resistance, we still didn't see a bull run that will push the price to $5000. Actually it went into another ups and downs after and went to a 2 day slump. However it just rally back and pass $4300 once again.

So the prediction has somewhat didn't come "true". But that is why they called it a prediction because no one really know what the future hold for us. So again, we need to see how the movement goes, if this is sustainable otherwise another roller coaster ride for all of us. So expect the unexpected.

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October 06, 2017, 03:05:34 PM
 #40

FUD here is not an option, if you are aware about the forecast of the event next month, then we had to anticipate the price prediction but 3600 is quite too low. Probable price maybe around 3800 to 4000 during correction.So the best move here is HODL and wait until November for price recovery. Targeted price of 5K all-time-high is unlikely to happen this last quarter of 2017.
Better anticipation you have made. Yes bitcoins prices are going up but not like that rocket speed. There would be a strong up and price chart may move towards sky but not more than $5000.

Like you said, there would not be any prediction that can cope up in reality. Don’t just assume, think practically and yes hold and hold, it benefits you.

The price is pretty much stable today as it ranges from $4200-$4400 over a 1 week period. It might not be as fast but it does go up slowly since most of the traders and hodlers are anticipating most forks this upcoming few days (BTG and Segwit2x). I'm still waiting for what will be happening next and I strongly hope that Bitcoin's price might reach near $5000 before November but not over it.

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October 10, 2017, 07:10:00 AM
 #41

The current resistance is at $4300 and if it drops then I think that the $4100 is a good support line for Bitcoin. Although I dont think that the price will drop any time soon knowing that the hard fork is near and so the chance for bitcoin to increase in price are quiet good. When the last hard fork happened the prices were increased before the fork and then later it increased further more. So it might happen this time too and the chances for bitcoin to cross $5000 are too high.
It often said that there are nights over morning and mornings over nights. Whatever case you are in, there will be a good time coming along. You just have to be careful and putting all your efforts into it. Nothing will make your hard try useless. Bitcoins are increasing and like you said there may be another fork just ready to come.

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