Do you think that Bitcoin's price will still drop nearly below $9000?

[NewsBounty]

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

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[BitcoinBallerina]

The dip is mostly over and prices are recovering now. It can drop below 9000 but I think it will go up.

[Hammonds]

The dip is mostly over and prices are recovering now. It can drop below 9000 but I think it will go up.

Actually I also have the same hope that bitcoin prices will continue to increase again, even I'm sure it is. Many people are talking that BTC will increase in the middle of this year but I have not been able to get accurate and reliable information, so now I can only see it and wait.

[roblccx]

No and if it does happen then it will be temporary and bounce back

[Reatim]

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

No one can predict the price of bitcoin because its very volatile. And those who have made "accurate" predictions have also made a lot of miss predictions. NO amount of TA can see how it goes because we based everything of speculation as you have said.

The declined is due to a lot of reasons, like government bans, FUD and people staying away and doesn't want to invest into the market because of the reasons above.

But there would be time that the market will rally. Its just the nature of our market.

[Tynovten_]

Yeah yesterday i read so many predictions that btc will decrease drastically with all its arguments but this morning i open it btc still stable. And that prediction goes out to give a statement we will see the next few days more. Which we must understand it only "predict" but it possible that it's true. True or wrong, the certainty will never be known. And as a trader we will continue to participate in the price game plot, if DUMP has to be mentally strong.

[ChickenDuck]

For me in short term the BTC price is around 10.2k$ to 11.5k$.
It could not go down to 9k except a very bad news come.

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

[Koro-Sensei]

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

There is no such thing as accurate predictions in crypto world you must got to make risky decisions to make much larger gains to your side those who predict bitcoin are likely to be a spammer or just giving false statements to trigger the panic selling retreat and it goes all along down to low pricing matter.

The reason why Bitcoin price is prolonged and low it was because of false statements and negative feedback that had been given by some confident individual thinking they are right about it on BTC. At first to retreat on the upcoming disaster and giving the vibe of how they plan to sell when it takes the first dump. This was the first reason why it is declining and staying to that price range.

[alyssa85]

There is a support line at around $9000, but also one around $10,000. Bitcoin seems to be holding above $10,000 and is trading between $10,000 and $12,000.

Part of the reason is that there are a lot of hidden buys set just under $10,000

[FlightyPouch]

No one can predict the price of bitcoin because its very volatile.

It must be unpredictable since it is very volatile but there are some that actually predicted the price movement in the near future even if it is not that accurate, it is still amazing.

And those who have made "accurate" predictions have also made a lot of miss predictions.

That is a given since it is only a prediction.

But there would be time that the market will rally. Its just the nature of our market.

I do not know why a lot of people are panicking with this kind of movement. If you will be asking me it is the time where you plan another strategy for the future pumps that will happen. We are investing, trading and holding digital currencies which are actually volatile assets, so the price will be really unstable. Even before we laid our money in these assets I think everyone should know that it is really like this investing in these assets.

[rommelzkie]

Bitcoin will not drop below 9000. maybe bitcoin will touch that price and move up a little bit again. As of now i am expecting a sideway movement of bitcoin price from 9000 to 11,500 to 13,000. The bitcoin price needs to rest for a little while before running again into a new ATH (All Time High).

For me 9,000 price is the bottom price of bitcoin now. and i will buy alot of btc at that price level.

[OriginTrain]

I think Bitcoin is at a risk now of being ignored by the market and hence its price may not increase as much during a bull run. This is because people are more interested in higher returns investing into alts, and they're also spreading their "core" portfolio into next-gen coins like ADA, EOS, ETH, NEO etc. BTC is viewed as a dinosaur by many investors so there is a chance it could drop in value whilst the majority of the market goes up. Whether it will reach $9k exactly or not is just speculation.

[nani]

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

No one can predict the exact price of bitcoin, which is certainly the cause of bitcoin down is one of them the decline in interest to invest in bitcoin, or it could be because some news that gives information about bitcoin is prohibited in some countries.

[TERA2]

TA Reasons:
-A single 2000% rise requires a spectacular correction based on the history of bitcoin TA
-Volume did not increase on the last wave up to 20K. Volume must keep increasing to maintain a trend.
-Some indicators on 1W have turned down
-blowout top
-the exponential line that was broken upwards at 8K failed to become support and was broken downwards

Fundamental reasons:
-Tax selling
-Possible insolvency at major exchanges
-Tether
-No more spectacular news to drive prices like the futures openings (which were a huge disappointment with tiny volume)
-Failure to resolve scalability issues
-Failure of lightning network
-Government action
-Competition

[Pursuer]

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.
if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

that's the thing though! most of those predicting the price drop (who usually predict around $6k) are doing it because they have missed the boat. they have to base for what they are saying, it is just their wish for bitcoin to have another drop so they can not-make the same mistake they made last time.

and why the decline in Bitcoin prices is quite prolonged?

I wouldn't say it is prolonged. it is not months of downtime. it is only a couple of weeks. and considering bitcoin has been rising for most of 2017, a month of drop and staying down without any major rally is quite expected as a correction.

[talkbitcoin]

in the dropping phase which started on 7 of January price already tested the $10k bottom multiple times. once during the initial drop and the peak of panic on 17th and next after the FUD peak of 23rd and finally it was tested yesterday on 26th.

each time the support shows its strength and keeps the price up.
i don't expect this to change even if there were any new FUD and panic which there won't. but as you may well know this is bitcoin and nothing is impossible.

for now you should expect the same sideways although i am still feeling bullish

[Weawant]

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

No one can predict the exact price of bitcoin, which is certainly the cause of bitcoin down is one of them the decline in interest to invest in bitcoin, or it could be because some news that gives information about bitcoin is prohibited in some countries.

Yeah no one can predict buy anyone can see the buy support placed so that the price of bitcoins would not fall for 9000$ but we cannot disclosed if this price would reached since if another fuds will spread we can see the bottom line of the price reach. But let's think positive about it since the current price of bitcoins are standing on 11269$ at the current rate and maybe this little pump continue and those 10k$ is the lowest price reached by the bitcoin on this year.

[1Referee]

I think Bitcoin is at a risk now of being ignored by the market and hence its price may not increase as much during a bull run. This is because people are more interested in higher returns investing into alts, and they're also spreading their "core" portfolio into next-gen coins like ADA, EOS, ETH, NEO etc. BTC is viewed as a dinosaur by many investors so there is a chance it could drop in value whilst the majority of the market goes up. Whether it will reach $9k exactly or not is just speculation.

No one ignores Bitcoin. This market just follows the money trail. If Bitcoin experiences a stagnant period of time, people tend to shift towards altcoins temporarily to try their luck there. Money doesn't like to sit still doing absolutely nothing. This market is largely driven by events and happenings justifying a bull run to get initiated, where the future markets of last year were a perfect example. As soon as the future markets became active, the market took a few steps back, and rightfully so. Does that mean Bitcoin decreased in value significantly? Technically, yes, but not if you look at how extremely overbought the market was. In other words, current levels aren't all that bad. Still 10x higher than last year.

[alyssa85]

The dip is mostly over and prices are recovering now. It can drop below 9000 but I think it will go up.

It's gone down below $9000 a few times but bounced back up within about half an hour to 45 minutes.

I think there is a lot of institutional money sitting just below $9000. They want bitcoin to diversify their portfolios, but don't want to overpay, so they've set up buy orders just below $9k to take advantage of flash crashes.

[Proton2233]

The price increase of bitcoin began after there was a statement about increasing the scalability of the block. People have hope that bitcoin will be used as currency. The network was not ready to change and confidence in bitcoin has declined. I think that bitcoin price will never be below $ 9,000. Once the problem of scalability is solved the price of bitcoin will come back for a few days to $ 20,000. This will begin the growth rates.