Below 10K before xmas?

[BTCforJoe]

Unfortunately, bitcoin continuously goes down. I think the whales are cashing out nowadays. Maybe it will drop by $5k today or tomorrow. I wish that even in Christmas only it will move $10k above.

How about you stop creating fud based on your opinion. Whales aren't "cashing out nowadays".

What is happening now is called a shakeout. It's nothing new to the bitcoin world, and usually follows an upswing trend. Anyone who's familiar with Bitcoin doesn't really get scared when this happens; we look at it as an opportunity to buy more Bitcoin "on sale".

FYI, if you don't know what a shakeout is:



In this instance, it's not really "bad news" that is causing the shakeout; it's just the greedy individuals who are now selling because they only bought in to make money because everyone else was making money. Oh, and maybe the high transaction fees...

[1714124291]

1714124291

[1714124291]

1714124291

[xuzukami]

I don't think we will go bellow $10k, at least not directly and without any resistance. I think we will continue around $15k for a while, and if we don't recover or keep consolidating at that level, we will probably have another stop at $13k. If we do pass that level, and we will probably go all the way down to $10k. If we do get there, we wont' probably stay there for long, since there are many investors out there waiting to buy at these dips.

Yep, I'm debating when to pump a little more into Bitcoin. I'm going to wait another day or so, but will be watching it like a hawk.

I do not think bitcoin will drop below $ 10000 before Christmas, instead bitcoin will probably reach $ 25,000 from here until the end of this year.

[hughjays77]

Looks like it based on current trend.

I don't think we will see bitcoin again below 10k dollars in the future.  
A drop before Christmas is quite normale, but there is a strong resistance between 12.5k/13k. I do not expect to see it under that figure! If it falls so much, probably the whole alt market will follow.

[qiwoman2]

Whales are always cashing out and taking profits that's why they are called whales. The rest of us small fish have to try and survive the murky waters and rough seas, but most of us lose. I see Bitcoin price tanking over Xmas. I am not really optimistic right now and we need a miracle. The problem is our other altcoins also go down in value because Bitcoin price is crashing and I have lost over one third of my portfolio value in just two days. I don't want to even login and check tomorrow because it might be even worse.

[Ronaldcoin2017]

Well i believe that we can never really know what would really happen on the price of btc before christmas but in my own observation and openion about the price i can really see that it has a capacity to rise than to fall down and i think we dont have to worry about it we can really adjust our way of earning through its price.

[Bloomie]

Whales are always cashing out and taking profits that's why they are called whales. The rest of us small fish have to try and survive the murky waters and rough seas, but most of us lose. I see Bitcoin price tanking over Xmas. I am not really optimistic right now and we need a miracle. The problem is our other altcoins also go down in value because Bitcoin price is crashing and I have lost over one third of my portfolio value in just two days. I don't want to even login and check tomorrow because it might be even worse.

Trust me I feel pretty bad myself since I've lost about 2k right now from my portfolio, not including fees and stuff to purchase and move the BTC around. I hear over and over that this is normal though, and that projections for the mid to long term are that BTC will go up past 20k again. The question is when will that happen, and how much lower will it get before it heads the other way?

I'm considering buying a little more if the price stops lowering but who knows when that will be. I'd hate to buy in now and have it go lower tomorrow and be even deeper in the hole.

[Transformbitz]

That's impossible if people will sold their bitcoin as early right now people will buy more. because we're in massive adoption, I guarantee you 100% it won't fall that price. I guess $14K Is very possible.

[btcone111]

Either it goes down to 10K or it will stabilise here and rise up to 30K.
I will be happier if it goes down to 10K so that i could buy more hahaha!

[batang_bitcoin]

Looks like it based on current trend.

It's stay put on $15k and I don't think this dip is already too much for this week. You know we are near to week end and everyone will still cash out and sell their bitcoins preparing for Christmas eve/day. I don't want to say that it can go $10,000 before Christmas but there's a chance of it.

That's impossible if people will sold their bitcoin as early right now people will buy more. because we're in massive adoption, I guarantee you 100% it won't fall that price. I guess $14K Is very possible.

It's possible mate, bitcoin is volatile and things like this in crypto world can happen anytime.

[selline]

This will not happen in the bitcoin on value priced under 10 k before Christmas. We recommend that you keep the first coin to sell in order to not get very large losses. I'm sure this will be immediately recovered, indeed it This is difficult for our consideration in taking decisions
 

[serjent05]

Definitely no!  Price is somehow stable at the 14k+ USD range.  Even though there are FUD around circulating the market, I believe Bitcoin will be able to rebound or hold its ground at this price.  Even if these whales are playing with the price, they defnitely won't let Bitcoin to go down that low because it would be difficult for them to pump the price up again once it goes down too deep. So my guess, Bitcoin will recover before Christmas, if longer,  before New Year.

[BitHodler]

It's always the same. If we're going up, then people expect it to reach $20,000-$30,000, but if the price is going down, people expect it to go straight to sub $10,000 levels. People here are volatility surfers.

I can't really see the market fall back down that much, especially not with how strong the sentiment has been lately. I see this more as a welcome correction before the end of this year, so use it in your advantage.

This is exactly the time basically all markets (also traditional ones) experience slow movements, so people shouldn't put too much weight behind this drop. If you're a trader, then trade, and if you're a hodler, then keep hodling.

[jtipt]

Very excited which trend it will follow; option 1 going up again near or over 20k, trend 2 down, but in case how far?

I would choose neither, it will stabilize around 10-12k or more. But its more likely to follow the up trend after dropping for a bit more, people are just looking for a chance to get on the bitcoin train a drop in price is a great time to buy.

[talks_cheep]

Yep, it's dropping like a brick sh1t through a cloud six. $12769 right now and crashing!!!