Attention! BTC is heading for 8K!

[jtipt]

Yes, it's possible.
I've been talking about $8K being a target since 3 weeks ago. The dip from $19K to $11K was only the first leg. There is a second leg coming.

We have never seen a 2 stage price correction, and it's unlikely that it will happen now. I Don't think anyone is looking to dump their btc right now. More FUD can create another dump but I am not expecting it.

[hkdfgkdf]

It is too far for bitcoin's price to fall down to the eight thousand dollar mark. The chance and probability are very small. As we can see that the price is just moving around constantly. But if it will really happen, it is a great opportunity to buy some bitcoins.

[Enjel]

8k is fully possible. Not FUD, and you should hold your coins, but this is something to be mentally ready for. After testing 8k (if we get there, which there is a OK chance of happening) we will see if the price can recover back up, or instead will drop even lower.

I have a feeling a lot of people are scared of 8k, and that's why they deny it.

[Gotomoon]

It is too far for bitcoin's price to fall down to the eight thousand dollar mark. The chance and probability are very small. As we can see that the price is just moving around constantly. But if it will really happen, it is a great opportunity to buy some bitcoins.

If this happen that the price may reach to $8k this is the most awaits by traders. Yet I dont think it will heading to $8k anytime. Well, since the market is very fluctuating we dont know literally if will fall to that price. Yes indeed lets some grab some btc.

[RamonBTC]

8k -> I will buy!
5k -> I will buy!
3k -> I will buy!
1k -> I will buy!

Hell just gimme your coins as cheap as possible!  

This is best answer, I think that stands out. This is how to counter such assumptions of great analytical speculation from a person who has a great or bigger intention of making noises to lower the bitcoin price. I’d really want to be as optimistic as it could be and those negativity be ignored. Let’s see where it goes or how price will soon recover and wanted to see faces of regrets.

[shinjunobi09]

Hell, I wouldn't be surprised if this would have happened because considering the fact that bitcoin price is on the decreasing end. But this will also serve as an open opportunity for us investor because the price decrease will also serve as affordable bitcoin for us to buy.

[Indrawan77]

The more people believe this the more likely it will happened, I am not surprised by the dropping as we  know the price had going up too fast, there will be a correction, and the alt coin rising has caused more damage to bitcoin, but once bitcoin go down there will be another pump and this pump is going to surpassed ATH, so it's your choice to hold or to sell, for me I will still hold bitcoin

[Kemarit]

The more people believe this the more likely it will happened, I am not surprised by the dropping as we  know the price had going up too fast, there will be a correction, and the alt coin rising has caused more damage to bitcoin, but once bitcoin go down there will be another pump and this pump is going to surpassed ATH, so it's your choice to hold or to sell, for me I will still hold bitcoin

This is what you called trying to influence the masses. But for me I'm not affected by all of it, As I have said, I've done with bitcoin this year and will wait what 2018 brings. I don't have a problem seeing altcoin flourishing, actually I love it instead of seeing all the market going red. Because those who are into altcoins right now will make a shift once all the pum-and-dump are over. So there is no love lost, at least the money is still flowing in crypto instead of seeing the marketcap being wipe out in billions. I'm still waiting though for bitcoin to hit 8K, the only factor that it will go that low is another FUD and negative news, but I'm aware of any. Again, if there's a chance that the price hits $8K, It will be a going buying opportunity for all of us. I think I'm one of those who are going to buy it, who wouldn't love to get it at $8K. I just hope that everyone has funds ready to bought it at discounted price.

[jeanpierre]

Everyone is saying they will buy at 8 000 usd but I am sure if everyone said this then it will not go that low, but if it really does I will buy all of it with my money

[Denker]

Everyone is saying they will buy at 8 000 usd but I am sure if everyone said this then it will not go that low, but if it really does I will buy all of it with my money

I can assure you they want all buy, cause they will sh** their pants. Human psychology is tricky not easy to deal with in certain situations.
And this is one of those situations. If we reach the 8k level there will so much FUD and talking we are doing the full correction down to $1300 plus 2-3 year bear market, none of those big mouthers will buy!!!

[cybersofts]

I don't see bitcoin going back to $8000 because bitcoin never lost more than 45% in the past bitcoin market correction history.

[Nubitcoinerr]

It does look like it might test 8k. the triangle has broke.

[monbux]

I don't see bitcoin going back to $8000 because bitcoin never lost more than 45% in the past bitcoin market correction history.

"Past performance is not an indicator of future results."

Lots of signature spammers here. If bitcoin does drop that low, my only hope is that it'll kick your weak hands out.

[bitcad4u]

I don't see bitcoin going back to $8000 because bitcoin never lost more than 45% in the past bitcoin market correction history.

"Past performance is not an indicator of future results."

Lots of signature spammers here. If bitcoin does drop that low, my only hope is that it'll kick your weak hands out.

I don't think this will happen again,it may be a wrong speculation.You can expect upto 11000$,actually ,it's the minimum value.So I won't accept your words.I was doing trading for more than two months,buy the analysis of two months.I had saying this,so if you have a thought of it will happen,better change that.Or else you will feel for that.

[Toxic2040]

I don't see bitcoin going back to $8000 because bitcoin never lost more than 45% in the past bitcoin market correction history.

"Past performance is not an indicator of future results."

Lots of signature spammers here. If bitcoin does drop that low, my only hope is that it'll kick your weak hands out.

The public..or groups of people amaze me...its like they have no short term memory...delicious.


...wanders off...now where did I put that vac suit...hmmm..

[Dr.Osh]

I don't see bitcoin going back to $8000 because bitcoin never lost more than 45% in the past bitcoin market correction history.

"Past performance is not an indicator of future results."

Lots of signature spammers here. If bitcoin does drop that low, my only hope is that it'll kick your weak hands out.

Attention btc is heading for bk because it is digital currency system it all are head over other coin and I can assure you they want all buy and human physiology tricky it's not easy to deal with in certain situations and this is one of the situation if it reach 8k level there will so much fud and talking we are doing the full correction down to $1300 plus 2-3 year bear market and non of those big mouthers will buy..

I hope bitcoin does not re-touch the price of $ 8k, well for now it's really a low price. I think that this decline is only temporary, there is a possibility in January 2018, bitcoin prices will be higher.

[mrjoy15]

The more people believe this the more likely it will happened, I am not surprised by the dropping as we  know the price had going up too fast, there will be a correction, and the alt coin rising has caused more damage to bitcoin, but once bitcoin go down there will be another pump and this pump is going to surpassed ATH, so it's your choice to hold or to sell, for me I will still hold bitcoin

Yes, I would say It's just a correction, because it's been in a bull run since $3000. If it is going down then that is a good thing . Makes it easy to buy more. Im holding again and again whereas it's holding both crashing then soaring.

[Nubitcoinerr]

Bearfinex might take it to 10k soon lol.

[Toxic2040]

Bearfinex might take it to 10k soon lol.

Look into "coiled up" and markets...should help any hodlers on the edge.   

[player514]

Have you guys seen the sharp dips just hours ago? What is happening? According to our analyst, BTC price is heading for 8K, do you think it's possible? Feel free to leave your comments below.

Full version of analysis from Kuang Ren:

BTC:
BTC is very likely to start a new round of downtrend with the bearish news and gently-increasing volumes during the dip.

The destination for the price during such downward move may be around $8,000, which makes it important for us to avoid risks as the overall bearish sentiment is not over yet. I’ve been emphasizing on the fact that prices of all major coins are just bouncing but not reversed.

Altcoins:
The overall trend of altcoins today seemed weak except for XRP, NET, ADA, XLM, LSK and QTUM. Once it becomes weak, funds will get together and push those well-performed coins up.
XRP:
My analysis stays the same, i.e. current strength of momentum can’t set all locked positions at the high level free. Even if price sets another new all-time high, it could be a fake break, which makes it inappropriate to chase high from current level. Therefore, a new all-time high is a window to reduce your positions.

ADA:
Floor is formed at high level and signs of defending price at such floor by main funds can be observed, indicating that the overall uptrend is not over yet. 2 directions for future market: firstly, main funds will dump their chips without any concerns as the holding costs are extremely low. Secondly, they will dump after another round of surge since profits will be decreased if chips are directly cleared. Lose-stopping price can be set at 0.000025 if you decide to go against the overall downtrend.

XLM:
Flirting with IBM caused the continuous surges during previous sessions, XLM still holds a chance to move in an independent manner as volumes don’t increase at high level and main funds keep their chips in pockets. Lose-stopping price can be set at 0.000013 if you decide to go against the overall downtrend.

LSK:
It shares the same logic with XLM as volumes don’t increase at high level and signs of defending price by main funds can be observed. Currently, price is digesting the surges at the floor formed at high level. Lose-stopping price can be set at 0.000013 if you decide to go against the overall downtrend after the digestion.

QTUM:
ADA shares some common features with QTUM including large-range surges, the continuous sideway move at high level and protection from main funds, which makes further gains possible, lose-stopping price can be set at 0.0029 if you decide to go against the overall downtrend after the digestion
Lose-stopping prices mentioned above must be strictly followed, once broken, positions must be cleared immediately. Keep in mind that information contained herein is strictly for information purposes only.

Original by Kuang Ren, translated and posted by AICoin Jami.

I'm so confused as to how you/the analyst came to the magical number of 8k. It's so out of the blue and you haven't posted any evidence to back up the fact that you believe it will reach there. If you didn't write the article, then I guess it's possible that the analyst was trying to create some form of safety level at the 8k mark so that he doesn't lose out on too much. Word of mouth has a lot of power in Bitcoin, so that could have been the reason.