bitcoin is going down - it will stop at 7600 BTC/USD or 4700 level. Vote!

[Vazil]

Both are just random numbers.

Not random! I explained them in the topic message.

You will see how the price stop falling at the level around 7600 (7550-7650)!

[tigan_gangmei]

Keep calm and HODL.

[francedeni]

I voted on 4700 level when you see the trend now it is very on rough to fall down. It is very sad that we experience this but you know in the market we can expect any amount of price since this is very fluctuating.

[MostafaGamal]

I think support level 7500 - 6500 will be able to stop the descent, with good news Bitcoin will rise again, I hope that

[BingoDog]

I don't expect the price to be as low as 4700$. Still, no matter the price don't panic and don't sell. This is the dump that has to happen but like every time in the past bitcoin will survive this period, look at this as a normal volatility process. Soon the price will be on the track again.

[Vazil]

I suspect it will trace all the way to about $1500. When bubbles form in BTC, it always ends badly but the good news is once we bottom out a few months from now that sets the stage for the push to $50,000. The crux of the problem right now is there isn't enough money out there, not by a long shot, to cash out all the holders who want to realize a $100B market capitalization. I'm guessing $5B of new money, tops, pushed BTC from $1000 to $20000 - since that's just a price quotation based on balance between buyers and sellers, and can easily be manipulated, but when people actually try to sell their gains for fiat that's where the rubber hits the road and no buyers show up willing to put in $100B to cash them out. Where we're at now -- freefalling.

 agree) 1520 is also my target level of buying!

[Kramblerty]

I voted 4700 because the 20 month exponential moving average sits at 4963,71 today.

true!

[Calidude]

7.5k is my bottom, too many people saw it at 20k and will have serious FOMO at 7.5k because that is in reach of your average Joe, or at least 0.5 BTC, anyone who has been in Crypto for a long time or learned it recently will know BTC is scarce therefore will always retain a higher value.

[RooKIED]

It might go to 3k, panic sale

[Vazil]

I don't expect the price to be as low as 4700$. Still, no matter the price don't panic and don't sell. This is the dump that has to happen but like every time in the past bitcoin will survive this period, look at this as a normal volatility process. Soon the price will be on the track again.

Yes, the liquidity of crypto market is very small now (comparatively to fiat market) so such Pump And Dump is normal. Needs more actors and more liquidity to stabilize the whole crypto market. It will take years. But I am sure the bitcoin will survive and be much higher than 50k. The question now is where the current downtrend ends.

[Bytem3]

Let's hope Bitcoin price hit the bottom. My bet is on $7600. $4700 would be too low.

[Vazil]

It might go to 3k, panic sale

RSI shows that the downtrend will continue soon )
https://twitter.com/Ganzastation/status/959423177733656576

[severaldetails]

I have recently read an article of a bank in Switzerland who said that a fair value of one bitcoin would ba at about 6K. That would match the middle of the range op gave us.
I think at that time the price was somewhere between around 11K.
Those guys in Switzerland are usually very crypto friendly, and when it comes to things concerning money quite smart. I suppose they have more accurate numbers than most of us.
But I still will not sell my coins.

[Vazil]

I have recently read an article of a bank in Switzerland who said that a fair value of one bitcoin would ba at about 6K. That would match the middle of the range op gave us.
I think at that time the price was somewhere between around 11K.
Those guys in Switzerland are usually very crypto friendly, and when it comes to things concerning money quite smart. I suppose they have more accurate numbers than most of us.
But I still will not sell my coins.

Anyway, the price will continue to down (this is not the end)

[Kramblerty]

I have recently read an article of a bank in Switzerland who said that a fair value of one bitcoin would ba at about 6K. That would match the middle of the range op gave us.
I think at that time the price was somewhere between around 11K.
Those guys in Switzerland are usually very crypto friendly, and when it comes to things concerning money quite smart. I suppose they have more accurate numbers than most of us.
But I still will not sell my coins.

Anyway, the price will continue to down (this is not the end)


Inded, I guess we will see 2-3  (5min) UP candles and the panic continues...

[Vazil]

We may see 8990-8999 next hours and this will be the end of upward correction...then show will go on)

[sann111]

We may see 8990-8999 next hours and this will be the end of upward correction...then show will go on)

I agree, there will more long term holders joining bicoin community and will be holder of bitcoin, they will see the true profit.

[Vazil]

We may see 8990-8999 next hours and this will be the end of upward correction...then show will go on)

I agree, there will more long term holders joining bicoin community and will be holder of bitcoin, they will see the true profit.

Yes. Today the secretary of my company (a woman of 35 years old, which is far away from the crypto world) come to me and asked when she should buy bitcoin-) I was shocked) SO..regular people who don't even know anything about this forum are going to invest.

[Vazil]

UP. Vote!

[integrap]

The price of 5000 will be good for purchase 

I hope it will not go down to $5000 level. Yes it is good to buy in at $5000 but if it goes down that levels, people can lose their belief in cryptocurrencies.