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

[Uno17]

As we all know everything is possible to happen, the market fluctuation is unpredictable in its exact figure, but that $9000 price is not impossible infact we are near that price nowadays, but then even though it did dip down i am positive that very soon it will climb up again to the moon because i trust the capability of bitcoin that this is really a reliable investment for everyone😃

[1714561238]

1714561238

[1714561238]

1714561238

[1714561238]

1714561238

[1714561238]

1714561238

[Noctis Connor]

It has the chance that it will drop to that price but bitcoin today is recovering now and maybe one day the price of it will go boom again.

[Casdinyard]

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

That's good analysis brother and these are all affecting bitcoin price movement in all aspects of it while many didn't see it's coming to their face. So let's be straight forward to this, bitcoin needs all of these big news in order to make it rise again and I assume everyone saw all of this and it's not just an opinion but rather a fact.

[matuson]

The price of bitcoin can be any. This will continue until bitcoin is a tool for currency speculators. It is therefore very important to bitcoin used as currency. Everyone who has coins can buy for them goods. It will not stop speculation, but their influence on price will be significantly weakened. Waiting to reduce the cost of transaction and confirmation is immediate.

[fachant]

If the price falls below $ 9,000, it can be difficult to quickly return to increases. Although I don't think the price has dropped to this level yet.

[batang_bitcoin]

It has the chance that it will drop to that price but bitcoin today is recovering now and maybe one day the price of it will go boom again.

That chance you are mentioning happened already remember? The month of January has been bloody to bitcoin so if you think that it will still drop at $9,000, I don't think so. It's done and what's done is done, so this will be the greener days and bitcoin and other alts are starting to rise. I'm not cutting the joy of every holder and traders here but this green is still uncertain if it will continue or not.

[lablab03]

For me no,  cause the price is now in 11k and for sure if the price fluctuate again maybe 10k is enough unless if there's another issue about banning some country that has a huge demand of supply like japan which is has a big plot mining or there's another panic selling.  

[raven7886]

The price of bitcoin can be any. This will continue until bitcoin is a tool for currency speculators. It is therefore very important to bitcoin used as currency. Everyone who has coins can buy for them goods. It will not stop speculation, but their influence on price will be significantly weakened. Waiting to reduce the cost of transaction and confirmation is immediate.

Bitcoin prices are fluctuating only because it is being used as an investment vehicle and not yet as a currency. Anyhow there will be no possibility of prices to break $9,000 price levels as per current market sentiment. Confirmation time and transaction fees are getting reduced as people are switching into segwit wallets. I'm expecting bitcoin prices to double in next 30 days. We can expect new all-time high prices by end of this February, I mean to say there will be no possibility of bitcoin prices to break $9,000 price levels even it is being mostly used as investment opportunities.

[sharted]

For me no,  cause the price is now in 11k and for sure if the price fluctuate again maybe 10k is enough unless if there's another issue about banning some country that has a huge demand of supply like japan which is has a big plot mining or there's another panic selling.  

I don't think the price of bitcoin will reduce to 9000$.Now the price is around 11,000$,soon it will reach more than 13,000$.If you have a bitcoin just hold it to get some more profit.

[lamadu3]

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?

As I see it, Bitcoin will not go lower than 9 thousand - the crypto market whales will not let this situation. It will be fluctuating for some time, and then start to go up.

[hynext]

I think, bitcoin price will still drop at $9000 to $7000. It was happened past of bitcoin prices that are going dump but for sure it may rise again in the last quarter of this year.

[arpon11]

I don't think this is going to happen based on the way bitcoin has performed this days.  I have seeing bitcoin tried to Break  $10,000 downward but failed several times and it has started recovery.Bitcoin falling below $9,000 is still possible but I don't think we could have that now as all the indicators proved the downward trend to be over.from now on I expect a serious price upward movement that might push bitcoin above the last high of $20,000.

[Biscutard]

As what i have seen on the chart the possibilities that it might get back to $9000 is only 20% and the rest will be higher than that price. By next month we will be experiencing another fork again so expect the price to swing like a slingshot.

[magneto]

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?

Short term wise bitcoin is going to stay above $10k. Only if we see the price of bitcoin consistently below $10k for a few hours, can we say that the support is no longer there at $10k. The only time that bitcoin has crashed below $10k was when the panic dump initially happened, and even then the price rebounded almost instantly back up to $10000-$10500. That's how strong the support is.

I'm not sure why anyone would think bitcoin would crash a lot more, and I would definitely want to see some valid analysis from them as well.

Even if we do not climb to the last all time high, we should still be able to get to at least $15k next month. We're just in the bust phase of the boom/bust cycle. It shouldn't be something to worry about for anyone, in my opinion. It has happened throughout the runup to $20k.

[Rajamuda]

Let the people to predicts it, sometimes they're right and sometimes they're wrong, we personally should be able to deduce some predictions from some people and adapt it to the facts+some things that can affects it.
I don't think bitcoin price will go down to $9k, the prolonged price drop I don't think it will lead to $9k, this is just a slowly movement I guess.. it's still tends lead to recovering to a more higher.

[jjacob]

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?

Apart from technical analysis, there are no parameters you can use to value Bitcoin. At least in equity valuations, you have earnings, cash flows, price multiples. etc. People trying to use similar parameters to value Bitcoin end up with ridiculous numbers.
That said, I think it is probable that Bitcoin will go below $9,000. That is more to do with Bitcoin's volatility and where it is trading now, rather than any deep technical analysis.

[Murloc]

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?

Apart from technical analysis, there are no parameters you can use to value Bitcoin. At least in equity valuations, you have earnings, cash flows, price multiples. etc. People trying to use similar parameters to value Bitcoin end up with ridiculous numbers.
That said, I think it is probable that Bitcoin will go below $9,000. That is more to do with Bitcoin's volatility and where it is trading now, rather than any deep technical analysis.

Bitcon will move blow 10k only in case of another unwaited FUD (but for now everything seems calm) while the volatility is more about the current price movements without any shocks. As we know if something happens to bitcoin then technical analysis is quiet useless during the panic selling (same thing on other markets).

[Xardasim]

Panic selling causes a lot of problems included low volume and price. 10k$ level is  good support and this pyshological level is reason why people dont wanna to sell. Liquidity is first thing that comes to mind why people wanna to sell so cheap. Hodl is not always option in every market situation. Crashed price can attract more potential investors than fool crowd who wanna to sell for whatever price.

[bitcoinvamp]

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?

For one thing i know predictions are never accurate , it is just the luck of a person that the prediction he made becomes true but that doesn' mean he was sure about it. So, is with the bitcoin , no one knows 100% that if it will rise or drop to 9000$ . But what i think is that it would not go below 10000$ and may increase in a short time. I don't know the exact amount to which it will increase but it would increase.

[RamonBTC]

This is not about what I think the prices will go either increase or decreases as bitcoin is one of the most unpredictable investment in our generation or for a lifetime. It is dependent on so many factors that’s why we can’t have definite answer if asked about the reason of this pricing. I don’t want to reach 9000$ but if the majority (demand) of investors now is hesitant to go all out then, let the market decide for it.