I believe BTC is going to trend down to $5,000 whats your thoughts

[Gatorelf]

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts. 

[1714262170]

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[1714262170]

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[caberum]

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts. 

I agree with you, but not because of the reasons you stated (adoption and competition form alts) bitcoin will continue to slide lower this year and will hit $2000 a piece. The next rally will tke place after the next block halving in 2021

[HeRetiK]

I think worst case we'll see a double bottom at around USD 6,000,- but I'm actually a bit hopeful that Bitcoin will be able to hold the USD 7,000,- to USD 8,000,- levels. Then again I might be a permabull.

BTC dominance is up again from 3x% just a couple months ago, so I doubt that alts are much of a factor.

I agree with you, but not because of the reasons you stated (adoption and competition form alts) bitcoin will continue to slide lower this year and will hit $2000 a piece. The next rally will tke place after the next block halving in 2021

The next halving is 2020. Unless you meant to say that the next rally will happen in 2021 after the halving in 2020, in which case I apologize for nitpicking.

Also, you post this right when BTC starts pumping its way back to $8,500. Bad timing dude.

Shhh, don't jinx it!

[darkangel11]

I think worst case we'll see a double bottom at around USD 6,000,- but I'm actually a bit hopeful that Bitcoin will be able to hold the USD 7,000,- to USD 8,000,- levels. Then again I might be a permabull.

I second that. While some of you might see it as sluggish, it actually confirmed the bottom at 6k and the next wave red candles ended higher, at 7200. When there are 2 huge red spikes and each of them stops at a higher level it confirms the bottom and starts forming a clear uptrend. As i'm writing this a decent green candle has formed at 7800. Could that be our new low support? To me it looks like we're getting closer to a breakout from the 8k range.

[caberum]

I second that. While some of you might see it as sluggish, it actually confirmed the bottom at 6k

I promise you the price will be in the $2000 region by the end of the year

[tweetbit]

What’s the fuss? It can be down possibly, but it is unpredictable. Why not focus all the energy to spread positivity, does this speculative views of yours will help the investors in good reason. I don’t even think it is even in the right section. It’s bitcoin discussion barely, but it’s more on speculation. My capacity of thinking negatively is limited only for a certain time of the year, that’s why I’m not a fan of all this.

[SUDARMONO]

When bitcoin prices drop to $ 4000 we take on the good side only, in trade all is an opportunity, and when the price goes down and that's where our chance to start buying it.

[franky1]

you will find that there are many layers of resistance points

mining income resistence point remains at around $8k (this is based on actual cost calculations not numbers picked out of a hat)
https://bitcointalk.org/index.php?topic=3140327.msg32495804#msg32495804

day trading resistance point based on 6-12 month month lows.. is around $6k+ ($6.6k at the moment)

so take that info any way you please

but i do like how many grab a random number but cant back it up..

[asyakashi]

I second that. While some of you might see it as sluggish, it actually confirmed the bottom at 6k

I promise you the price will be in the $2000 region by the end of the year

Many predict November to December bitcoin will increase. some of the factors that influenced him were new policies from various countries over the response of the G-20 meeting.
this is positive and blockchain technology is likely to replace the financial system in the World.

[devil jin]

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts. 

I am not familiar with this since I am just a new in this industry but I believe the coins and tokens will be at its huge growth in mid year, I dont whats with mid year but I think the industrializations start with that months up to the end months of the years since investors were gaining speculations that it will be better in that time to invest. I dont have the guts to say any negative thought about cryptos since this is very helpful thing to me.

[caberum]

but it is unpredictable

Thats the thing. Not only is bitcoin predictable it is VERY predictable.

Why not focus all the energy to spread positivity

I am being very positive when i tell you that bitcoin will fall into the $2000 region by the end of the year. Does the phrase "buy low" ring any bells?

Bitcoin will continue to fall lower in price through 2018 and 19. It will then go sideways throughout 2020 (the year of the next block halving) then it will rally again in 2021

this market is for long term players not short termers who can only comprehend upward price movement

[darkangel11]

I second that. While some of you might see it as sluggish, it actually confirmed the bottom at 6k

I promise you the price will be in the $2000 region by the end of the year

Empty promises? Do you know why we are where we are now, and not at $2k? Because of Japan and Korea. So what you're trying to say is there will be a ban in Japan, a ban in Korea, and everyone who bought last year will sell. In reality chances of this happening are very slim, especially when compared to the chances of BTC remaining in the 6-10k range. We can always make a nice escrowed bet if you're so sure we'll see $2k this year.

[Gatorelf]

How does it have growing competition from alts? Have you not seen that BTC dominance is almost 45% now? Compared to about 36% last November. Also, you post this right when BTC starts pumping its way back to $8,500. Bad timing dude.

Bad timing ??  you think today ( the last few hours) is the big turn around in a three month downtrend lol, guess we will see eh.

as far as market dominance I could argue BTC has lost 55% of the market since 2009, not to mention the overall market cap has been reduced from $750 B plus ( in Jan) to just $310 B today.  Alts like DASH have a well established foothold and preferred in certain countries,  MONA is a country specific (Japan) store of value coin that could dominate a region and upcoming KaratBank Coin KBC is just an example of more competition for the store of value market.

so until another sizable economic country adopts/recognizes cryptocurrency as a legal financial asset I will stick with 5k

 

[HeRetiK]

I am being very positive when i tell you that bitcoin will fall into the $2000 region by the end of the year. Does the phrase "buy low" ring any bells?

Bitcoin will continue to fall lower in price through 2018 and 19. It will then go sideways throughout 2020 (the year of the next block halving) then it will rally again in 2021

this market is for long term players not short termers who can only comprehend upward price movement

I don't think your prediction will hold true but I do like your line of thinking regarding long term perspective and buying opportunities. The crypto ecosystem may look different but the fundamentals haven't changed.

Since Bitcoin often came close to revisiting previous ATHs after the respective rallies came crashing down (eg. from USD 270,- down to USD 80,- and from USD 1,200,- down to USD 300,- -- forgive the rough numbers) your estimate of USD 2,000,- would fit to historical observations. Still I think that given the duration and resilience of the recent rally things may be different this time (as much as I hate uttering this phrase).

[iqbalrozi]

It can happen but I am not agreed with you. I think bitcoin will go down to 7000 USD, not 5K. But, one thing that, Bitcoin market is suffering too much and the market may be not stable very soon. I think 2018 will be the worst year for cryptocurrency where 2017 was a golden year!

[globe-biz]

To say bitcoin is going to 2000 or 5000 basically you are saying bitcoin will not just correct but it will crash that is what you say. BS

When it comes to predicting the price you HAVE TO use technical charting to back up your comments. Bitcoin touched bottom of 6000 then 7200 and not it was 7900 and it just popped up to 8200.So the Double or tripple bottom clearly shows it is going up but many of you have no patience.These things take months to move.remember in October 2017 about 6 months ago btc was 5k so in a half a year we are up 60% try that with the stock market!!

Why dont you people see the cup as half full instead of always half empty??

[Jcabudx]

I believe that bitcoin price will rise up and lead all cryptocurryncies all over the world. Nothing can defeat bitcoin even its price get low.

[Bervelukan]

It's true what you say, that bitcoin now still has a chance of falling around the $ 5,000 price, and I'm very happy when that happens and I'll wait at the price you mentioned to buy bitcoin and hold it up to go up at $ 50,000

[globe-biz]

It is not true it is just his opinion.Do you know what true means?

[Gatorelf]

To say bitcoin is going to 2000 or 5000 basically you are saying bitcoin will not just correct but it will crash that is what you say. BS

When it comes to predicting the price you HAVE TO use technical charting to back up your comments. Bitcoin touched bottom of 6000 then 7200 and not it was 7900 and it just popped up to 8200.So the Double or tripple bottom clearly shows it is going up but many of you have no patience.These things take months to move.remember in October 2017 about 6 months ago btc was 5k so in a half a year we are up 60% try that with the stock market!!

Why dont you people see the cup as half full instead of always half empty??

TA is worthless, this is not the well established stock market of which I dont even use TA then. This is still an emerging currency which just saw mainstream influx finally which was why the rise and what I had been waiting on. Well thats gone now so other targets cant be set until a wider acceptance by countries happens. In other words there currently is no reason for BTC to trend upwards.

Dont want you guys to think I am a negative nanny lol .. Im actually quite the opposite, Im also not a basher I believe strongly in the future of crypto currencies. However Im also an investor which makes me a realist I buy and sell all assets based on a lifetime of experience.