BTC could go down to $5,000

[Pab]

Everything is possible together with 5000$ but not soon,btc may test 8000$ next days
But btc without technology improvement will not survive,to much hash consuming
We will have new chinise blockchains much more green and fast with his own smart contracts
Thay can help both btc and etherum but must be some agreements between btc devs

[bocyaj]

I don't think bitcoin will go back to $5000.Because many countries start to accept the bitcoin and Chinese New year is yet to come.At this situation the price of Bitcoin will not reduce at all. It's always at top of Crypto currency. If accidentally it happen ,soon it will recover it's price for sure.

[Slow death]

BTC could go down to $5,000. What do you think?

I think it is very difficult for this to happen, not impossible but it is difficult to happen especially if you observe that these events that caused the price to fall may be about to end so we can see the price recovering

South Korea Finance Minister Confirms ‘No Ban’ On Cryptocurrency

“There is no intention to ban or suppress cryptocurrency (market),” he said in the statement.

so the fear that people had was going to end

These are the initiatives we need to:

Turkey: Football Chairman ‘Proud’ To Hire Player For Bitcoin In New First

[zlatan07]

BTC could go down to $5,000. What do you think?

Before you try to ask something like that, first analyze market of cryptocurrencies. Does this supply 16,837,400 of Bitcoin tells you something? Technically Bitcoin can't go below 9k USD, so with this amount of supply, we can see that Bitcoin is forming average price around 10k USD.
So could Bitcoin go bellow 5k USD? I don't think so, this 5k price is just speculation for me.

[Dydot]

BTC could go down to $5,000. What do you think?

I think it is very difficult for this to happen, not impossible but it is difficult to happen especially if you observe that these events that caused the price to fall may be about to end so we can see the price recovering

South Korea Finance Minister Confirms ‘No Ban’ On Cryptocurrency

“There is no intention to ban or suppress cryptocurrency (market),” he said in the statement.

so the fear that people had was going to end

These are the initiatives we need to:

Turkey: Football Chairman ‘Proud’ To Hire Player For Bitcoin In New First

Wow...great news.

[helga22richter]

Where have you found this information? I don't think that it can be possible

[Kean1998]

We don't know if when is btc are increasing or decreasing all we need to do is to wait the btc price.

[AnonBitCoiner]

BTC could go down to $5,000. What do you think?

I think it is very difficult for this to happen, not impossible but it is difficult to happen especially if you observe that these events that caused the price to fall may be about to end so we can see the price recovering

South Korea Finance Minister Confirms ‘No Ban’ On Cryptocurrency

“There is no intention to ban or suppress cryptocurrency (market),” he said in the statement.

so the fear that people had was going to end

These are the initiatives we need to:

Turkey: Football Chairman ‘Proud’ To Hire Player For Bitcoin In New First

Wow...great news.

It's very happy to hear this news,the player had accepted half of his payment in terms of Bitcoin.This shows the growth of Bitcoin in Turkey.This will surely increase the price of Bitcoin soon.At first online payment accept the bitcoin,now the salary of football player.Soon we can see the remarkable change in bitcoin price.

[Wilhelm]

BTC could go down to $5,000. What do you think?

I think it is very difficult for this to happen, not impossible but it is difficult to happen especially if you observe that these events that caused the price to fall may be about to end so we can see the price recovering

South Korea Finance Minister Confirms ‘No Ban’ On Cryptocurrency

“There is no intention to ban or suppress cryptocurrency (market),” he said in the statement.

so the fear that people had was going to end

These are the initiatives we need to:

Turkey: Football Chairman ‘Proud’ To Hire Player For Bitcoin In New First

Wow...great news.

It's very happy to hear this news,the player had accepted half of his payment in terms of Bitcoin.This shows the growth of Bitcoin in Turkey.This will surely increase the price of Bitcoin soon.At first online payment accept the bitcoin,now the salary of football player.Soon we can see the remarkable change in bitcoin price.

Quote: As chairman of the amateur club Haldun Şehit told CNN Turk, the move was completed to hire 22-year-old Omar Faruk for 2000 lira ($528) in BTC and 2500 lira ($661) in cash.


OMFG!!!!  $528 investment in Bitcoin .....  :-|

[Semaj123]

BTC could go down to $5,000. What do you think?

I believe it could be happen since a lot of market observer said that it will drop alot this year. But i hope not to much. Because i still hoping it will rise back to 13.000$. This year blood bath on all coin being many investore on panic sell. Wish it will back to normal or many investor will loss their invest money.

It's hard to say what causes cryptocurrencies to go up or down on any given day. There are many reasons that adjusts its price like news from media, panic buying and selling which could results to affect its supply and demand. Bitcoin has already confirmed its power as mother of cryptocurrencies and I think sooner it will be soaring high again.

[Gargo]

BTC could go down to $5,000. What do you think?

I think it is very difficult for this to happen, not impossible but it is difficult to happen especially if you observe that these events that caused the price to fall may be about to end so we can see the price recovering

South Korea Finance Minister Confirms ‘No Ban’ On Cryptocurrency

“There is no intention to ban or suppress cryptocurrency (market),” he said in the statement.

so the fear that people had was going to end

These are the initiatives we need to:

Turkey: Football Chairman ‘Proud’ To Hire Player For Bitcoin In New First

Wow...great news.

It's very happy to hear this news,the player had accepted half of his payment in terms of Bitcoin.This shows the growth of Bitcoin in Turkey.This will surely increase the price of Bitcoin soon.At first online payment accept the bitcoin,now the salary of football player.Soon we can see the remarkable change in bitcoin price.

Quote: As chairman of the amateur club Haldun Şehit told CNN Turk, the move was completed to hire 22-year-old Omar Faruk for 2000 lira ($528) in BTC and 2500 lira ($661) in cash.


OMFG!!!!  $528 investment in Bitcoin .....  :-|

The amount may be small, but it's a start. If it works, maybe others will also start paying cryptocurrencies. Promotion through sport can well affect the image of bitcoin and improve the reputation of all crypto. That's why I think that this is good news after all.

[drachman]

BTC could go down to $5,000. What do you think?

I thought 10k was the bottom and today we have seen that to not be true, so while bitcoin can touch that price I still think it is not very likely however we need good news for bitcoin and fast or more people will begin to sell their bitcoins, it seems the only news we are getting lately are bad news and this is making the price even more unstable than it normally is.

[uslfd]

Of course it could happen. $5K is only the price seen 4 /5 months ago - why is it not possible?
I think there is way too much optimism on bitcoin price and things could not turn bullish again until most of this unjustified optimism is given up.

[egyptian magician]

I agree with post above. Way too much optimism still. I've been here and seen it all before, several times now. I would expect the price to crash here in the coming weeks... there will probably be a period of panic with the price falling below $1000 at least temporarily. People would be foolish to buy in at the current prices, because it's going to be a downward trajectory here for awhile.

[FLoving]

BTC could go down to $5,000. What do you think?

I think it is very difficult for this to happen, not impossible but it is difficult to happen especially if you observe that these events that caused the price to fall may be about to end so we can see the price recovering

South Korea Finance Minister Confirms ‘No Ban’ On Cryptocurrency

“There is no intention to ban or suppress cryptocurrency (market),” he said in the statement.

so the fear that people had was going to end

These are the initiatives we need to:

Turkey: Football Chairman ‘Proud’ To Hire Player For Bitcoin In New First

Wow...great news.

From today the things are gin in positive for bitcoin. It looks like we are again starting in a best period for bitcoin. Now people will not have fear. If Korea cannot ban bitcoin then no one can do it as according to that it is impossible for anyone to ban bitcoin. And it is already experienced by Russia when they banned bitcoin and after a few months they started again the use of bitcoin and they experienced that without bitcoin they will lose the future benefits.

[Apekool]

Here, I deleted the previous posts and added the pictures here. There's a slight time difference because I suck at paint with a laptop.








Nobody on Binance is willing to allow BTC to settle at 8 lol

[angaper]

BTC could go down to $5,000. What do you think?

I think the support level that had been set around $9,500 today has been broken down and therefore there are reasons to think that the bearish trend will continue even further down to $8,000. While it is true that it is impossible to predict with certainty the price of bitcoin in the long term, it would not be strange to see it touching the line of $5,000 in coming days.

[Tashi]

I think that bitcoin might go down, down to 5k usd I think. There is a chance, but I don't think that hard supports might be broken easily by these fuds and etc. I strongly believes that bitcoin will rebound now. Because the third box was highly expected for it to experience.

[MMA]

BTC could go down to $5,000. What do you think?

I believe it could be happen since a lot of market observer said that it will drop alot this year. But i hope not to much. Because i still hoping it will rise back to 13.000$. This year blood bath on all coin being many investore on panic sell. Wish it will back to normal or many investor will loss their invest money.

It's hard to say what causes cryptocurrencies to go up or down on any given day. There are many reasons that adjusts its price like news from media, panic buying and selling which could results to affect its supply and demand. Bitcoin has already confirmed its power as mother of cryptocurrencies and I think sooner it will be soaring high again.

In different situation different reasons are causing the increase or decrease in the price of bitcoin. Currently i think some false news are wondering in the market which may be causing the price of bitcoin to dump a little but hope that this dump will not continue for a long time and the market will very soon recover its position. We need to give good support to bitcoin and not let the price of bitcoin dumping any more.

[Apekool]

Why not? It is possible

Indeed it is, but there are a lot of people who joined the crypto market at the end of last year. Those who bought in at around 8000 and haven't traded their BTC to USD since last week, they are not willing to sell below 8000 ofc. Probably someone put up a whole stack of BTC a little above 8000, and other people are either holding or stacking onto that atm.

On the other hand, this is also the time scammers have to get out, if they didn't get out already.