Are we waiting for a bearish bomb?

[AICoin_Official]

Price remains consolidating, as we haven't heard major bullish news so far, is it possible that BTC will drop to 6K or even lower if bears threaten investors? Though we can expect a strong support at former low at $6K.

[piloder]

$6k is possible but it is unlikely as price has already tested that low before when there was lots of panic on market but right now many new investors are jumping in thinking this as an golden opportunity to make an entry.

I know market is bearish but I am quite optimistic about next surge which might last till end of 2018 just like in 2017.

[Sukovsky]

Is it likely? Give it a few days.

[Xardasim]

Price remains consolidating, as we haven't heard major bullish news so far, is it possible that BTC will drop to 6K or even lower if bears threaten investors? Though we can expect a strong support at former low at $6K.

If there will not bad news for cryptocurrencies, Bitcoin can reach 20,000 again. It's a bit hard to probable what would happen with technical analysis in cryptos. Cryptocurrencies will be good if the governments, big companies let it work. But in these days we should get good cryptos to make a more profit in the future, because it is the best thing for now.

[davis196]

Price remains consolidating, as we haven't heard major bullish news so far, is it possible that BTC will drop to 6K or even lower if bears threaten investors? Though we can expect a strong support at former low at $6K.

If there will not bad news for cryptocurrencies, Bitcoin can reach 20,000 again. It's a bit hard to probable what would happen with technical analysis in cryptos. Cryptocurrencies will be good if the governments, big companies let it work. But in these days we should get good cryptos to make a more profit in the future, because it is the best thing for now.

Btc might never reach 20,000 USD again.Times are changing.The banksters and their loyal government servants will never let the cryptocurrency industry to thrive.They will play the "crypto is too risky,don`t buy it" propaganda and scare all the new investors away.I don`t agree with OP`s theory about a "bearish bomb".The crypto market is still too manipulated by outside factors,and we can`t talk about "bulls" and "bears".We are all "bulls",but we can`t push the price up.

[BTCLovingDude]

anything is always possible with bitcoin but the important thing to always remember is that we should never wait for anything that is unlikely. for example price may fall down to $6000 or ever lower but we should never plan for it. the plans should be for the more likely scenarios instead. for example the bottom to be $8000 and the possibility that it may start testing $12k again.

[Xardasim]

Price remains consolidating, as we haven't heard major bullish news so far, is it possible that BTC will drop to 6K or even lower if bears threaten investors? Though we can expect a strong support at former low at $6K.

If there will not bad news for cryptocurrencies, Bitcoin can reach 20,000 again. It's a bit hard to probable what would happen with technical analysis in cryptos. Cryptocurrencies will be good if the governments, big companies let it work. But in these days we should get good cryptos to make a more profit in the future, because it is the best thing for now.

Btc might never reach 20,000 USD again.Times are changing.The banksters and their loyal government servants will never let the cryptocurrency industry to thrive.They will play the "crypto is too risky,don`t buy it" propaganda and scare all the new investors away.I don`t agree with OP`s theory about a "bearish bomb".The crypto market is still too manipulated by outside factors,and we can`t talk about "bulls" and "bears".We are all "bulls",but we can`t push the price up.

If you are thinking about that, why do you join the signature campaign and post it forum? Not be so pessimistic, could be the situation is a bit bad now, but if you use a bit logic, you should see the future of cryptocurrencies. The governments don't know how they can ban it, according to that, they are to spread bad news.

[Kingofbitcoin12345]

Anything lower than today’s price is profitable in the future.. Why not celebrate that chance to buy in a much lower price as it will be the last,, is it?? It might be at 50/50 possibility..

There is something happening beyond what we think it is.. Be conscious as this is always a good sign for a better run..

[haroldtee]

With the present bear flag and the MA20 rejection on the 4hr chart, we may likely be having a double bottom with the test of $6k very soon and I am hoping to see a great bounce from there. It would be a sweet one to see my buy order hit from that bounce anyway 

It would however be a bomb if we go way down below $6k and that will not be good for this market. Let's just wait and see how the 4hr candle closes but whichever way, no shaking! We are galant!!

[bambazamba]

Price remains consolidating, as we haven't heard major bullish news so far, is it possible that BTC will drop to 6K or even lower if bears threaten investors? Though we can expect a strong support at former low at $6K.

The price is definitely bearish at the moment but that does not mean that we loose all our stakes on bitcoin . This is just a bad phase and bitcoin will get through it . It is just looking like the time when China banned bitcoin and bitcoin hit the rock bottom , but later it grew well and didn't stop until $10000 . So this is an amazing opportunity of investing on some of the best coins including bitcoin and wait for sometime for it to hike .

[Proton2233]

The price firmly fixed at the level of 8300 dollars. I'm sure it's the bottom. You can sell all your coins but it will be your biggest stupidity. Now I see a lot of potential for growth. Very soon we will see a big jump up. Next week, the price will be $ 12,000. All I'm saying. Now decide for yourself to sell bitcoin or not.

[Samarkand]

Price remains consolidating, as we haven't heard major bullish news so far, is it possible that BTC will drop to 6K or even lower if bears threaten investors? Though we can expect a strong support at former low at $6K.

The price won´t fall below the average cost of mining a single Bitcoin. Mining is
not a hobby anymore and the mining operations are highly sophisticated. Some of
the players involved are reportedly worth more than a billion $ (Bitmain).

There are many parties, who are heavily incentivized to prevent Bitcoin from
falling below the average cost of mining a single Bitcoin (roughly 5000-6000 $
at the moment) and they have the capital to do exactly this. Given the fact that
the Bitcoin exchange markets are still trading very thinly 10-20M $ are enough
to prop up the price if it appears to drop too low. This is peanuts for the big miners
and the other parties with similar incentives.

We won´t see a Bitcoin price below this level unless some of the players try to bankrupt
their competition, because they think they can outlast their competitors when mining at a loss
due to having a bigger warchest or due to other competitive advantages.

[Basmic]

It seems to me that it's time to move on segwit2x. This will give the opportunity to have a cheap and fast transactions. Coins are distributed more evenly among the entire community and we will have a more stable price for bitcoin. The number of users will grow and maybe then we will leave the dictatorship of miners and whales.

[fabiorem]

I'm not, but we have to be prepared for the worst.

And worst case scenario, is bitcoin falling to three digits.

Im sure that most people here dont want that, but fear seems to be driving most users these days.

If everybody starts selling, the fear will be confirmed.

Do we want ours fears to succeed?

Fear is the mindkiller. Just let it pass.

[glavos]

It will reach $6000 dollars again for sure. Just one bad coverage on a popular website and Bitcoin drops buy a thousand bucks lmao, we need regulations.

[drm]

It will reach $6000 dollars again for sure. Just one bad coverage on a popular website and Bitcoin drops buy a thousand bucks lmao, we need regulations.

ehhh....
We need regulations for what? So the price won't drop? what are you talking about?

[Kemarit]

It will reach $6000 dollars again for sure. Just one bad coverage on a popular website and Bitcoin drops buy a thousand bucks lmao, we need regulations.

LOL. Someone says that it will go as low as $5000. There's really too much FUD going around right now. I think you already know that this is a speculative market, that's why the price is very volatile and just like you said a single negative news will turn the price down south. However, every FUD, every attacks that we have witness are short lived. Because one investors found out that the news is just fake or spreading lies, they will go back to the market again. Sometimes common sense and due diligence is the best weapon to combat all this bearish sentiments. As of now bitcoin is up, around $8600 so I don't think that $5000 could be test anytime soon. And talking about bitcoin coverage:

LIGHTNING NETWORK GOES LIVE WITH $2.5M FUNDING FROM TWITTER CEO, TESLA & SPACEX INVESTOR

First Bitcoin Mainnet Lightning Network Product Launches As Developers Net $2.5 Mln

[pereira4]

It will reach $6000 dollars again for sure. Just one bad coverage on a popular website and Bitcoin drops buy a thousand bucks lmao, we need regulations.

LOL. Someone says that it will go as low as $5000. There's really too much FUD going around right now. I think you already know that this is a speculative market, that's why the price is very volatile and just like you said a single negative news will turn the price down south. However, every FUD, every attacks that we have witness are short lived. Because one investors found out that the news is just fake or spreading lies, they will go back to the market again. Sometimes common sense and due diligence is the best weapon to combat all this bearish sentiments. As of now bitcoin is up, around $8600 so I don't think that $5000 could be test anytime soon. And talking about bitcoin coverage:

LIGHTNING NETWORK GOES LIVE WITH $2.5M FUNDING FROM TWITTER CEO, TESLA & SPACEX INVESTOR

First Bitcoin Mainnet Lightning Network Product Launches As Developers Net $2.5 Mln

Yep I also saw the news of the Twitter CEO supporting LN. It may not have an impact on the market for now tho... there's a lot of people that still don't even know what LN is.


We may go through a period of stagnation around the 3k to 7k area, potentially months, until people realize that LN is going to make Bitcoin the currency of planet earth, as well as the de-facto electronic gold and therefore reserve currency of planet earth. This will ignite a bullrun to a marketcap worth trillions. Until then, be lucky that you are aware and keep increasing your BTC stack.

[omonuyak]

If those negative news keep coming out and we keep experience panic selling then we should expect a fall towards $4,000. However I think we can see that  the price has started recovery since yesterday evening and I think it might get above $10,000 before end of next week and from there if there are positive news we may see a great growth in month to come.

[richardsNY]

No good news other than lightning network will be able to cause a major rush that will allow the market to move further. On top of that, in the last years good news hasn't really been a price driver anymore, while bad news constantly manages to push the market down, and that while the news we see pop up isn't actually bad news at all, but just fud or sponsored garbage. At this point in time nothing but patience will be the main key, and in a market where the majority of the people are only interested in quick gains, that's difficult for sure. I am confident that the market will not dip below $6000, but we may dive below $7000 if the short term demand doesn't manage to steer the market towards the $10,000 level again....