Bitcoin to go below 4000$ on Feb 20

[mr.bitcoin2k17]

I dont think so. I suppose that the deep correction is over

[o_e_l_e_o]

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

Last 3 months - up 20%
Last 6 months - up 100%
Last 12 months - up 800%

You sure have strange definitions of "long-term" and "decline". May I suggest checking them out in a dictionary?

[Matildada]

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.....

https://i.imgur.com/3JmfjCu.jpg

I don't agree with you. Bitcoin has stopped falling. It now has a stable price and has been in turmoil between $8, 000 and $9, 000. When Chinese people finish their New Year, they will bring a lot of money into the market, which will cause bitcoin to rise, and your guess will not be realized.

[millgates]

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.....

Who are you? A Whale? If yes then it might be happen but if no then where do get that information precisely? People actually very loves bitcoin because it provide benefits for them, and this is the fact. Bitcoin price will keep increase due to the increasing number of demand of bitcoin. You should look at the larger timeframe then you will see diferent result.

[Gens09]

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.....

In my opinion their is no chance that bitcoin will go and this low rste and i guess a lot of investor will continue to buy bitcoin if the bitcoin price go down meaning that the price will continue to comeback to a higher price so i guess because the bitcoin price fall down the pass month ni chance i guess that it will continue to go down at this rate.

[JuniAiko]

Should do a log analysis instead IMO.
But I do believe that the bears are dominating + with people taking the opportunity to buying in the dips.

Chinese New Year may also reduce the amount of activity in crypto trading to help support the prices? .. maybe.

The outlook will only start improving once the regulations have fully rolled out by the major countries... IMO. But I could be wrong, as is anyone.

[VitKoyn]

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.....

That's a good analysis but I don't think that Bitcoin price will plummet below $4000, and you should not only rely on the movement of price chart to say that it will increase or decrease soon. The news is also important, and there are lots of good news right now like there are banks that will finally allow their customers to buy cryptocurrency with their service, there are state that will accept it for tax payment and more. Do you think that the price will drop when there's a lot of good news coming out? of course no, because there are no reason for investors to have fear that there will be a huge sellout. Price chart are just a record or history of price of Bitcoin but it can't really determine which way it will go, it is just those people who make their analysis, and that's a speculation.

[zoose]

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.....

The lower BTC goes the better my dollar cost average becomes and the more my stockpiles grow & grow! Accumulate low and sell high!
easy as ABC 1,2,3,4,50K

[Yarsk]

Where do you get your information from and why trying to talk bitcoin down with rumors of negative drop in price, don't you know how volatile the bitcoin price is it can change at any time am not saying is impossible to drop below $4000 as you have said but don't still forget that the price can still go as high as $15000 before the February 20th that you have predicted.

[paparexon0414]

I think posting this kind of news is making everyone lose hope in bitcoin. I think its better to announce a positive vibes now in this forum, FUD's are everywhere and everyone is selling. Its adding up the fuel of people not to believe in bitcoins possibility of its rise in 50,000 usd before the end of the year. Actually i just read an article stating that bitcoin will have the possible rise in range of 10,000 usd per bitcoin, after the price valued in 8k to 9k (sometimes lower). Its a good news to hear, all the doubt will vanish if this happen and the continous price hike will be visible.

[nmax21]

Complete nonsense! What is this for two lines? ; D You can not use the straight line, conducted at the top and bottom of the course, to predict the drop of bitcoin. You can tell this to schoolchildren. This is even difficult to call a technical analysis.

[spiker777]

Your technical analysis is DEEPLY flawed. Firstly, how you can begin your trendline from December, whilst forgetting everything that came before it? Microtrends do not pan out for the long term. Secondly, you appear to be suggesting that there each dip follows the rule of n-6, where n is the previous interval, and yet you only have two data points to work from, does that seem like enough data?

If I provide the sequence 1, 2, ?, ?, ? Do you really think that is enough information to predict the next 3? It could be 1, 2, 3, 4, 5 or 1, 2, 4, 8, 16 or 1, 2, 4, 7, 11 etc. Terrible logic, would not read again.

[Fileiro]

To all the noobs reading this comedy thread, shitting themselves and thinking some anonymous douche on the internet can predict the price of bitcoin with random lines drawn on a price chart:

Relax. Frightjoe is trying desperately to spread panic among nervous first-timers in crypto.

This is how the game is played. Someone like Frightjoe wants to add to his bitcoin holdings but he doesn't want to pay the current price. So he logs into Bitcointalk and starts preaching doom and gloom, hoping he can rattle enough scared noobs so they'll rush for the exit all at once, driving the price of bitcoin down.

Then, if he and the others playing this game are successful, he fills up his bags with cheap bitcoins and starts to tell everyone (under a different alias here on Bitcointalk) how bitcoin is going to be 100,000$ in 2018 and we'll all be RICH!

And when price make a new high Frightjoe is secretly selling all his cheap bitcoins to the latest fool with a credit card and once he has unloaded his stash of bitcoins, the whole process starts over:

"Get out while you still can! Bitcoin is going to ZERO!!!"

It's just a game. Don't get played.

[Redrose]

You are a week too late with your blatantly fake news ! For your information, Bitcoin price is clearly recovering, with a strong resistance at 8000$, so what you are saying is just pure smoke.

[freightjoe]

You are a week too late with your blatantly fake news ! For your information, Bitcoin price is clearly recovering, with a strong resistance at 8000$, so what you are saying is just pure smoke.

recovering? you are delusional - you are still almost 60% down compared to the peak.....

[zingspeed]

I do not believe. Do not panic

[angrygroceries]

For you noob OP , your predictions are just simply a draw without any basis which means you can absolutely tell anything like bitcoin is gonna back to zero in tomorrow is totally fine for you. So it makes nonsense for you to create topic unless you want to become a whale or shark.

[hardhouseinc]

Where did you get that? There is no chance the price will go way deeper. This is fake news and people should know better than this

[freightjoe]

There is no chance the price will go way deeper.

That is what people in here said when it dropped to 15.000

Then they said it at 12.000

Then they said it at 10.000

Then they said it at 8.000

They even said it at 6.000 just before it popped below that level too at last bottom....

and so on....and so on....

[Lucius]

There is no chance the price will go way deeper.

That is what people in here said when it dropped to 15.000

Then they said it at 12.000

Then they said it at 10.000

Then they said it at 8.000

They even said it at 6.000 just before it popped below that level too at last bottom....

and so on....and so on....

I am glad that you nevertheless became a little optimistic regarding BTC,so your prediction is drop in price by 50%+ in next 7 days?Does this have anything to do with prophecies of Vangelia Pandeva Dimitrova maybe or is it only the idea of your brilliant mind?

I'm most interested in when your prediction is going to happen and 1BTC will be worth only 55$?

At the peak, Myspace had a value of 12 billion $. Once the users no longer felt it provided value to them the value dropped to 35 million $.

Bitcoin has now stopped giving value. We even see many supporters in this forum express disgust at what Bitcoin has now become - extremely long transaction times, extremely high transaction costs, it clearly does not work as a practical currency.

Bitcoin could therefore see the same drop in value as Myspace - and this means a drop from 19000$ down to 55$

https://bitcointalk.org/index.php?topic=2630191.msg26764181#msg26764181