btc next dump, which support will it hit ?

[tabas]

$12,000 is going to be the next support. And once we reach $12,000 the same thing will happen, we will be having difficulty of seeing the price again up to the next support which will be $15,000.

[panju1]

Hi,

lately btc got lot of attention and new comers. The price is going up, right, its no news.

So, in your opinion, what is the support price of btc ?

1.5k, 2K, 4K, 6K, 8K ? more ?

Is it meaningfull in the current mood ?

On which duration would you look to determine the support ?

I think it will be $9k. Right now, there is a lot of nervousness about the Bitcoin futures. We will know in a week's time whether that brings short sellers to the market, or whether people rush in to invest.
If we do not see a dip, then we could have support level of $12k.

[wumBowo]

if bitcoin reach $20K USD , what do you guys think when it will be happen? actually a bit regret selling when it was $10k USD

[jpoker272727]

Hi,

lately btc got lot of attention and new comers. The price is going up, right, its no news.

So, in your opinion, what is the support price of btc ?

1.5k, 2K, 4K, 6K, 8K ? more ?

Is it meaningfull in the current mood ?

On which duration would you look to determine the support ?

For me at the average of $10k is the support price of bitcoin, bitcoin price will still go up and maybe until next year. For me our safety is on at the price of $10k, so save until we can have it and invest until it can still dump. But as of now it will just dump on $9k. I just want to be safe and just want to rely on $10k supporting price. I don't want to think of other than that.

Just think about the profit buying at 10 k will bring a lot of profit in future and as the prices get high people will think that this is the best thing and they will follow the same and will buy more and this will happen in future and I am pretty sure that price will rise with more faster rate in coming year and if a fall will occur at this time it will also help bitcoin to progress more because in fall newbies come and invest their money,

[Enjel]

Likely it will reach 20K before the end of the year, or very close.

By next year, I fully expect it to be 40K by mid-2018 or earlier.

We haven't even started getting serious yet. Bitcoin is right now getting out of bed and stretching, and hasn't even started to run yet.

[Enjel]

BTW, before any short-selling whales try to manipulate prices, there *must* be a large price increase (maybe like the one we are seeing now, although I doubt it, since it seems like everyone is just excited and enthusiastic) to pump up the Bitcoin price before executing the short, which CME futures has made easy.
It is very risky to short bitcoin without manipulation, because especially in times like these, you could lose everything you put up. It is pretty stupid in fact, unless you are pulling the strings.

[youghten]

Hi,

lately btc got lot of attention and new comers. The price is going up, right, its no news.

So, in your opinion, what is the support price of btc ?

1.5k, 2K, 4K, 6K, 8K ? more ?

Is it meaningfull in the current mood ?

On which duration would you look to determine the support ?

bitcoin train move fast these days without correction (one way line ) .

now we break 10,000 11,000 12,000 13,000 14,000 and move up

[alyssa85]

BTW, before any short-selling whales try to manipulate prices, there *must* be a large price increase (maybe like the one we are seeing now, although I doubt it, since it seems like everyone is just excited and enthusiastic) to pump up the Bitcoin price before executing the short, which CME futures has made easy.
It is very risky to short bitcoin without manipulation, because especially in times like these, you could lose everything you put up. It is pretty stupid in fact, unless you are pulling the strings.

This. I'm pretty sure that what is happening is a bunch of whales are buying coins in order to be able to sell and force the market down once the futures trading comes in.

[fabiorem]

Theres no floor anymore, OP.

We are floating in space already.

[BitHodler]

We haven't even started getting serious yet. Bitcoin is right now getting out of bed and stretching, and hasn't even started to run yet.

I believe so too. Bitcoin's current adoption is a process that might take years before it slows down, and in a perfect scenario, we might touch the $50k mark before we see the block halving take place in 2020.

By that time we have CME, CBOE, Nasdaq and maybe NYSE alongside each other offer Bitcoin related financial instruments to serve their professional clients. Institutional investors is where the big money is.

If institutions invest even 5% of their portfolio into Bitcoin, we'll likely see it move over the $100k mark. Taking all this into consideration, it only makes sense to continue hodling your coins firmly.

[Enjel]

I believe it is certainly possible (that a lot of the price increase right now is due to pre-short pumping), but I also see a lot of people simply happy that regulations are (for now) not a problem in the US.

The price of a lot of alt-coins is going down, which suggests that many current players are trading Bitcoin.

However, the truth is that it is probably a combination of both - you don't see a 50% increase and a great increase in the market cap in such a short period of time, even for good news.

Best be careful when short trading initiates in a few days...

[RamonBTC]

I’ll be at 10000$ at the minimum or much higher support up to 12000$. Panic selling that happens before will not go beyond a 3000$ drop since I’ve been in bitcoin investments. So I’m sure it will remain at that but if it goes below that then this is not impossible but won’t last for long. The weak hands before are much more experienced now and I know learned the lesson on the way, up to this price.

[Lieldoryn]

Until 18 December, the price of bitcoin is on the rise. But then a few hours, we can see a dip to 10-8 thousand dollars. If the futures will make the price of bitcoin stable I can expect the flight of speculative capital. This could cause a real panic in the market. As always it is impossible to guess the reaction of bitcoin.

[DaMut]

actually the reason behind this pump due to news,
so your claim about we're getting this without news is totally false my friend.
for example right now,
at Dec 18 we will be listed on CME group's futures,because of that we got a lot of positive feedback from Bitcoin users by pushing the price to the top.
other than that a few months ago japanese regulated their exchanges,
with that we should understand that Bitcoin get approved by them slowly.
and many others that will happen in the future and already happened a while ago.
in general we're getting close to mass adoption that is why we got this run.
about support right now,
if we're looking at it generally it should be around $10.000 because it's our check point after this long run.
but we may be can see another support in the future because right now Bitcoin still showing us a positive sign.
at least until Q1 we will see a good run for Bitcoin and may be in the next few months later we can see it around $20.000 more or less,
if we get that,our support will be increased too,right ?
so,we still do not know yet because everything can be happen with it.

[Enjel]

Yeah, no matter what we predict, it is really just impossible to know for sure.
When in doubt, always HODL!

[thecodebear]

$12,000 is going to be the next support. And once we reach $12,000 the same thing will happen, we will be having difficulty of seeing the price again up to the next support which will be $15,000.

This guy is correct. All the corrections this year have gone back to or close to the high before the previous crash because that acts as the base for the next crash.

$1400 up $3000 down $1750 up $5000 down $2950 up $7800 down $5500 up $11,400 down $8400 up $15k+ ... down $11k-$12k


I don't know when the next dump will be, but it should be in the next few days, and it should go back to roughly $12k. Or course it won't stay there for long as everyone with money will be buying at $12k since that is now a deeply discounted price.
 

[jackhdt]

Yeah, no matter what we predict, it is really just impossible to know for sure.
When in doubt, always HODL!

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Bitcoin price increases strong today and no stop. $ 14,000 is a very large number. However, I think it still continues to increase so i will continue hold Bitcoin. I think it will reach the peak of $15K in tomorrow

[thecodebear]

Yeah, no matter what we predict, it is really just impossible to know for sure.
When in doubt, always HODL!

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Bitcoin price increases strong today and no stop. $ 14,000 is a very large number. However, I think it still continues to increase so i will continue hold Bitcoin. I think it will reach the peak of $15K in tomorrow

It already hit $15k, in fact it just hit $16k too!

[yyyf]

I read you all, thanks guys!

Unfortunately, the more i observe the more i feel this way

https://jancovici.com/wp-content/uploads/2016/04/prix_futur_graph4.png

In other words, unpredictable