Bitcoin's bottum price?

[iram1011]

Since, the verdict from g20 summit came out to be positive, Bitcoin should recover from these levels. After, 7200, the next major resistance or bottom was $6450 level. But the resistance wasn't that strong. But Bitcoin bounced from $7200 level, and is expected to go bullish in coming week. 8600 is a big resistance (last time we just retraced from there)  & 9400 is macho one. We need to analyze these levels to conclude the bullish phase. Always remember, Resistances are always respected in a downtrend on larger time frame.

[1714809974]

1714809974

[putrisa]

Today Bitcoin almost reaching the lowest price on 5 Feb of $7,200. Check out chart: https://www.coinranker.net/cryptocurrency/bitcoin

Will Bitcoin get lower from this point or is the dip over?

to descend to the bottom seems very unlikely because bitcoin is a digital currency that has the concept of money that can not be held or in control of anyone and in the movement only from the very high demand from the internet if you know the money that applied it is the first bitcoin is very effective in replacing the money that has been controlled by the government and banks.

[Bous]

Yes of course it can goes lower than 7000$, it has already happened in the past. But I think that until the end of 2018, it will only rise. Maybe it's going to drop at the beginning of 2019.

[lablab03]

As of now maybe no bro 'cause it seems the news about g20 is not about to dump the price in the market therefore g20 has no intention to dump the price of bitcoin.  Those dump we experience lately is just a panic selling from the holders. More information about g20 here so perhaps the price now will continue to pump.

[Lancusters]

As of now maybe no bro 'cause it seems the news about g20 is not about to dump the price in the market therefore g20 has no intention to dump the price of bitcoin.  Those dump we experience lately is just a panic selling from the holders. More information about g20 here so perhaps the price now will continue to pump.

Such a statement is a good position, but bankers may not take such a position. They can continue to tighten the rules of access to Fiat for all cryptocurrency users. This can be done by all banks individually. It seems to me that the best way to protect yourself is to build a community in which you can use bitcoin without having to change it to Fiat.

[el kaka22]

Btc to $2000 is my prediction - in just few WEEKS

No. Let's see how the next few weeks are going to play out. It is a speculative thread anyway and everyone is entitled to their opinion but I do not see the chances of this happening at all. Anyone may end up wrong considering that the market can surprise anyone just as it has for a while now, but $2000 is just way too far and extremely underpriced and a lot may end up buying in before it even gets to that point.

Moreover, anything at this point is possible and I will even be very careful to not end up in a bull trap at this stage. I would not mind honestly if we have a double bottom scenario playing out with the market testing lower of what we had earlier this month before moving up, but right now, I am eagerly waiting to see what is going to end up happening in the market from here onward considering no one can really be certain and in the next few minutes, anything can just change.

[Dingdong7]

Today Bitcoin almost reaching the lowest price on 5 Feb of $7,200. Check out chart: https://www.coinranker.net/cryptocurrency/bitcoinWill Bitcoin get lower from this point or is the dip over?

The price might also go lower than that since no one has full control over it. The price is just dependent on people's demand, if people pays interest on it, the value will surely grow. Dont worry about sudden drop, the price will still recover its high price just wait and hold until the time has already come.

[Slark]

Today Bitcoin almost reaching the lowest price on 5 Feb of $7,200.

And two days later price recovered to ~$8,487 (at the time of writing this post). Can we all just accept that price of bitcoin is not stable?
People think that if you buy at some point the only possible scenario would be a gradual increase in price - which is not true.
If you are predicting some dramatic price decline - please tell us why exactly this would happen - because the price of Bitcoin is not that much volatile.
The lowest price I can imagine for now is something around $6.500 - and only in a case when we will see some further FUD or dramatic bad news.

[Slow death]

Will Bitcoin get lower from this point or is the dip over?

are you seeing any good news? I do not see, we have to face the biggest of all our obstacles: "Governments and regulations" and this is not being easy, with China taking tough measures and other governments restricting ICOs, and social networks banned ads cryptocurrency/ICOs and this story of MT. Gox, do not expect the price to increase much too soon, otherwise expect it to fall, until these obstacles are surpassed

The price is just dependent on people's demand, if people pays interest on it.

The problem is that most people listen to what their government and central bank tell them, and with the constant statements that many central banks make to advise their citizens to stay away from cryptocurrency, they are spreading fear in potential cryptocurrency buyers

[amwer]

"I don't think it's going to be a bubble that's just going to burst and everyone is going to lose their money, but I think it's going to be that all the coins and all the assets with very little use or value are going to get sorted out,"

[Crytptohack]

Today Bitcoin almost reaching the lowest price on 5 Feb of $7,200. Check out chart: https://www.coinranker.net/cryptocurrency/bitcoin

Will Bitcoin get lower from this point or is the dip over?

I think that the Feb 6th low is the low for 2018. I typically look at the GDAX exchange and the low was 5873.

Looking at a chart, it spiked low to the descending lower trend line for a V bottom
Looking at a fibonacci retracement from July low to the high of 19.xk, the pullback reached the 23.6 level. (retraced -76.4% after the peak)
The previous 3 years, the low was in January. This year it may be in February.

I think many people that are new to these markets think it is easy to make money because BTC and cryptos in general run up quite fast. I also think a  lot of people want to make easy money trying to trade BTC. While it is possible, it is also quite hard as the reversals in price both up and down are very quick.

Technically, if BTC does NOT take out the last low on Feb 6th, it is still in an uptrend.

[raven7886]

Today Bitcoin almost reaching the lowest price on 5 Feb of $7,200. Check out chart: https://www.coinranker.net/cryptocurrency/bitcoin

Will Bitcoin get lower from this point or is the dip over?

We already broke most resistance points. The only last hope I see now is to have the line that goes from $2972 to $5890 (Bitstamp prices) so if we are going to hope for something, is a bounce in there, which would incidentally coincide with around $7000.. if that breaks.. it wouldn't be looking good unless you believe in double bottoms and trace a line to $5890, and after that we would be looking at around $3000... at that point it would be unreasonably underpriced, which means anyone with a brain will start buying with huge amounts, which means the price will bounce up real fast.

Yes, however, going down below $5890 from the last bottom this year does not sound like something that may play out as the market is really looking forward to that and there may be some huge buy orders kicking in at that time.

Nevertheless, anything is still possible, as we have actually gotten beaten lower than we would have expected with the MA200 even getting pierced lower in the last bottom, I really hope we do not get as low as $3000 for the market sake, but whatever it is, buying it is at that price. I would even borrow to buy

[cryptocrusher]

G20 hype seems to be dying off. At this stage the most logical bet is that we are just going to remain in the 8-11k region for the majority of the year given that the bulls couldn't sustain anything beyond 9k. There seems to be very little buying volume at the moment above 9k but similarly there's very little sell volume below 7k. Let's enjoy ourselves some stability and a good old fashioned stand off.

[justdimin]

Btc to $2000 is my prediction - in just few WEEKS

Why not $ 1,500? It's easy to tell any amount. Where is the logic? What will happen if the G20 summit says that developed countries support users and will not limit the exchange for Fiat? Maybe you know today, what would they say? Such predictions it is fud. They do not carry meaning.

Exactly, as we can all just call and assume any price but the thing is no one can really know. One thing about market is to just follow trends and see where it leads and if it does not lead as you imagined, then just opt out. However, a lot of people just like calling ridiculous prices without anything to support. $2000 is very way down that even if we manage to get to $4000, it would be a huge buy in. However, like I said, we are all just there watching, so let's see how it turns out.

[MCVXYZ]

bitcoin's price is much more than this,Today,It allows us to get a truly long-term perspective of the market,but of course no one can tell you exact price,despite speculative behaviour of investors I hope it will rise up in three or four day.Today we just need to not exaggerate assessments of the risk of crypto market...As I remember correctly bitcoin price was less than 1000 $ last year,I know this is not an absolute determinant of success but it maybe good evidence of bitcoin's durability.

[bitcad4u]

If you had not brought bitcoin yet,you had lost the opportunity .Now the price of bitcoin are stable at 8000$.Yesterday ,the price of bitcoin reached 9000$ and we hope the price will reach 11,000$ by this month.Considering today value 7200$ may be the bottom value.
I had hope,the price of bitcoin will move to 35,000$ before this year end.

[Pursuer]

If you had not brought bitcoin yet,you had lost the opportunity .Now the price of bitcoin are stable at 8000$.Yesterday ,the price of bitcoin reached 9000$ and we hope the price will reach 11,000$ by this month.Considering today value 7200$ may be the bottom value.
I had hope,the price of bitcoin will move to 35,000$ before this year end.

whenever price is going sideways it is best time to stay away and wait in my opinion. the good time to buy is when price has been falling for a while and when you expect it to be at the end of the line or whenever price is starting to rise back up and you expect it to be at the start of the line. these two are the best time to buy bitcoin and get the best deal.
but sideways always has a certain level of uncertainty and risk with it.

[ajdaj]

If you had not brought bitcoin yet,you had lost the opportunity .Now the price of bitcoin are stable at 8000$.Yesterday ,the price of bitcoin reached 9000$ and we hope the price will reach 11,000$ by this month.Considering today value 7200$ may be the bottom value.
I had hope,the price of bitcoin will move to 35,000$ before this year end.

whenever price is going sideways it is best time to stay away and wait in my opinion. the good time to buy is when price has been falling for a while and when you expect it to be at the end of the line or whenever price is starting to rise back up and you expect it to be at the start of the line. these two are the best time to buy bitcoin and get the best deal.
but sideways always has a certain level of uncertainty and risk with it.

you need to think about the holidays next month, And this will definitely affect the pricing of the market with Bitcoin. If we analyze all the ups and downs of the Bitcoin price, then such days are always marked by a red marker on the stock exchanges.

[glowing10]

Yes of course it can goes lower than 7000$, it has already happened in the past. But I think that until the end of 2018, it will only rise. Maybe it's going to drop at the beginning of 2019.

The lower price band which has reached approx is around 7k and below if it falls it will be and for the bitcoin lovers. The current price is around 7900$ and it should stay at 8k ad above to boost the people to not to start panicking and keep selling due to it.

[removebeforeflight]

There is no such bottom price for Bitcoin going forward since all the bottom price has been crossed by it last month itself. From now we could see the price is trending around $8000 for a while which is a healthy sign. Hope from April Bitcoin would trend around $12000 for some time and starts its bullish drive from July.