Bitcoin to go below 4000$ on Feb 20

[freightjoe]

The continuing decline where Bitcoin goes to deeper and deeper levels is very clear. If the pattern continues, the next bottom will be on February 20 where it will drop below 4000. Continuing, then the next bounce will only reach up to around 7000, followed by an even deeper drop.....

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[Malam90]

I don't think Bitcoin will go below $4000 but it is very possible to cross $15000 soon if nobody listen to false news. Don't be panic and sell your valuable coins at a cheaper price.

[ionicle]

Shut the fuck up with your retarded junk. BTC is done dropping.

[crazyivan]

These Spammers and Fudsters are becoming more and more desperate!

OP, please take you daily pills.

Ah, also eat dick you FUD loving fuck.

Have a nice day!

[fiulpro]

Do you have credibility about what you are saying?
It's super easy to create a false news and what's easier is to..drag the newbies into this.
It's all a probability that's decided by someone Don't fall into the trap , you will regret later on.
What I see right now are the chances which are gonna increase the price of Bitcoins for the better.
All the good news is flowing in.. let's wait for the big boom

[supermine]

The continuing decline where Bitcoin goes to deeper and deeper levels is very clear. If the pattern continues, the next bottom will be on February 20 where it will drop below 4000. Continuing, then the next bounce will only reach up to around 7000, followed by an even deeper drop.....

Quite interesting analysis,if the bitcoin follows this chart then it will drop to $4000 as you said,but bitcoin never follows anything even experts can't predict what will be the price of bitcoin on tomorrow or the next hour.So anything can be possible with bitcoin so be ready for it.
But I don't think it will go to $4000 because now people started to hold their bitcoins as we can see this from the number of unconfirmed bitcoin transaction on blockchain,so price is normally stabilizing now.The stock market recovering from the price crashes so the crypto market also can recover soon.

[boboking]

I don't think Bitcoin will go below $4000 but it is very possible to cross $15000 soon if nobody listen to false news. Don't be panic and sell your valuable coins at a cheaper price.

where on the graph do you see a chance for that?

I do not know if the chart is real or on what exhange he got it from but with his chart the price just passed the blue line once and that was the time the price  supposedly  to rise again. If the trend will continue the bottom will be dipper every 20 days or so.

I am not saying that it is going to happen, i am just answering your question.

For the OP, you do know that the $8,000 support line is holding it grounds. It has been tested multiple times.You need to rethink your technical analysis or charting because from where i see it the price rise is starting.

[Borisov]

I strongly disagree with the author. own bad news and negativity, out of the blue, interfere with the growth! There is no reason now to go even below 7500. on the contrary now we need to punch 10, and to gain a foothold, soon we are waiting for the reversal. We need more positive news, and we'll grow.)

[JuniAiko]

It has just dipped again though.

I do believe in the validity of trend and technical analysis -- it won't tell you things with 100% certainty but it is still a useful tool regardless.
It certainly would not predict things base on what news would suddenly appear next to disrupt the current trend (be it FUD or FOMO).

I think the volatility of dipping and then ppl buying in will continue for awhile, as the price on average falls gradually towards around 4000USD too. There are other indicators that supports this also.
But also equally likely that FOMO may take over at some point to interrupt the current trend -- that isn't surprising for me too, since the crypto market is dictated largely by emotions and inexperienced speculators who many do not even understand the technologies behind cryptos.

[freightjoe]

why bitcoin is going down guys kindly tell me

Because many investors have now realized that Bitcoin is useless as a currency - only fools believing in "HODL" are now buying, and they do not have enough money to keep the price up long term

[d3athgu1s3]

It seems like it is quite stable at the moment. If there's further bad news, no doubt it will crash, but I don't think it will ever go below $6000 anymore.

[JuniAiko]

why bitcoin is going down guys kindly tell me

Because many investors have now realized that Bitcoin is useless as a currency - only fools believing in "HODL" are now buying, and they do not have enough money to keep the price up long term

Even if ppl do not believe that BTC is a valid tech; it is still the entry point for many other currencies atm.
The only way BTC will totally crash to nothingness is if another prominent alt-coin (one in the top-10) gets adopted and accepted as the popular "standard" for exchanging via Fiat, and pairing with all other altcoins on exchanges.

But to note, the technology behind BTC certainly isn't static; and many developments are being worked on, and momentum is picking up now. Its current MCAP will be difficult (thought not impossible) to topple that easily.

[Zackgeno96]

For the OP, you do know that the $8,000 support line is holding it grounds. It has been tested multiple times.

Exactly, there has been strong support around 8K.

The continuing decline where Bitcoin goes to deeper and deeper levels is very clear. If the pattern continues, the next bottom will be on February 20 where it will drop below 4000. Continuing, then the next bounce will only reach up to around 7000, followed by an even deeper drop.....

Good analysis, you deserve a medal. Kindly provide your address, i will ship the medal for you.

[naila52]

To my understanding from previous years graphs,bitcoin dips on major occasions like new year and vacation seasons.but due to regulations at present and lot of fud created by media,we see this serious fall.but people are now getting used to it and they're now trying to understand the technology.since everything is getting stabilized,the only big situation now is Chinese new year on Feb 16.so I think we have a new start from feb16 but 4000 on 20th is impossible.

[SlickTight]

The continuing decline where Bitcoin goes to deeper and deeper levels is very clear. If the pattern continues, the next bottom will be on February 20 where it will drop below 4000. Continuing, then the next bounce will only reach up to around 7000, followed by an even deeper drop.....



I don't think so my friend, that would not happen that bitcoin will go below 4000USD, because many investors and many countries support bitcoin now, and also all of us here in this forum. Supporting bitcoin is a big impact. The situation that bitcoin gets a drop and dip, it is the time for many people yo buy bitcoin, to invest in bitcoin, so that bitcoin will not go below 4000USD

[o_e_l_e_o]

Look at my graph! It shows we are about to bounce off the bottom then rocket up past 10k!


News just in: Cherry picking arbitrary dates allows you to find a graph to prove almost anything! Worldwide markets collapse on the back of this incredible new discovery!


Having ignored me last week when I challenged you to post a logical argument or evidence for your baseless FUD, you are back again with more baseless FUD, and still no logical arguments or evidence. You are like a stuck record, OP. I just really hope no one on this forum was naive enough to listen to your truly AWFUL advice when you were telling people to sell at 6k.

[BitcoinCasinoFinder.com]

The continuing decline where Bitcoin goes to deeper and deeper levels is very clear. If the pattern continues, the next bottom will be on February 20 where it will drop below 4000. Continuing, then the next bounce will only reach up to around 7000, followed by an even deeper drop.....

I wish you included reliable sources for your claims because you're making speculations and might make other people worry. Bitcoin is in a tightrope right now and any negative speculation or news about it makes it crash even more. You might be correct, but all we can hope for right now is a bounce.

[isomoyes]

Nope I think bitcoin will up to supply 12k then drop. It's already supply zone cross demand still available.

[freightjoe]

The continuing decline where Bitcoin goes to deeper and deeper levels is very clear. If the pattern continues, the next bottom will be on February 20 where it will drop below 4000. Continuing, then the next bounce will only reach up to around 7000, followed by an even deeper drop.....

I wish you included reliable sources for your claims because you're making speculations and might make other people worry. Bitcoin is in a tightrope right now and any negative speculation or news about it makes it crash even more. You might be correct, but all we can hope for right now is a bounce.

What is not reliable? You can check the price development of Bitcoin on every possible crypto exchange - it shows exactly the same, a continuing long-term decline bouncing a bit up and down

[Maxcrypto1990]

I would have to agree, unless it breaks the top trend line coming down from 19k, we will most likely see it go lower.