bitcoin down trend to 3000

[warrior333]

Panic can destroy any currency. I do not know what the cost of mining bitcoin but I believe that the price may fall to this level. Bitcoin doesn't want to upgrade. Now it is only a speculative asset. The main task for speculators to reduce the cost to the limit and then sell coins expensive. I doubt the viability of bitcoin unless you change its purpose.

[breathlessz]

I think that bitcoin is a fairly strong asset and it has a very large community and support from investors, bitcoin will not drop in price by more than 6000 dollars, and this decrease is a natural price adjustment in the market, after which bitcoin will rise in price by conquering new peaks.

if it can penetrate the support at price of $ 6000 i think it could be deeper price decline, but i think it is difficult to break the support area, so btc price will start up again

[btccrusher]

Completly baseless prediction. Anyway, this thread not going to change the way how Bitcoin is doing now. Everyone knows that the market is highly volatile and anything can happen here. I support bitcoin and use it everywhere I can. I don't think it will follow your prediction.

[Walkingdude]

Take a look around and listen to all the fud.  Is it really bad yet?  Have you had enough of it all?  Is the bubble about to burst?

When crytpo seems to be heading into oblivion, and even strong hands are thinking about selling for a loss, that is the exact time to BUY!

[nydiacaskey01]

bitcoin down trend to 3000

the down trend will confirmed under 5800$

Care to expound your post? It would be great if you can provide a more technical analysis to back up your claim that Bitcoin will go down to $3,000. But regardless of what happens to the price and if ever BTC touches $3,000 I would buy more and hold till 4th quarter of 2018. For 2 consecutive years, BTC is bullish on the last 3 months of 2016 and 2017.

[Dwarf42]

bitcoin down trend to 3000

the down trend will confirmed under 5800$

I think that with a market that is in crisis like the present, anything can happen. You can see that bitcoin prices are constantly decreasing and have lost more than 70% of their value since three months ago. So I think bitcoin prices will continue to fall sharply and may go down more than $ 3,000. Currently, bitcoin prices are at $ 6700 and are still on a sharp decline.

According to my analysis, if bitcoin is broken at $ 6,000, it will go down to $ 4000 and possibly $ 1000 this year.

[Jonsnowstark]

Big news from a newbie. Another fud going out for people to panic. I believe all of these negative news are sent out by the whales to create panic in people especially the new investors. If we sell now that its low, they will buy a huge amount of bitcoin in one time at the lowest rate possible and then the bitcoin price bullruns after the huge buy and they will become richer than they are. So dont believe in things like this. Dont sell when you're losing

[tora]

Although bitcoin droped on coinmarket today,1.71%, three cryptos actually rose with EOS rising by 7.26%.

[majeed]

It is hard for bitcoin to drop to $3000. I believe that whales will never do that. They will continue to collect more and more bitcoin and in the July, everything will back to normal and bitcoin will be pumped extremely hard. Remember what I say to day because you may want to thanks me later

[jrrsparkles]

bitcoin down trend to 3000

the down trend will confirmed under 5800$

Why bitcoin will hit $3000 if it hits $5800,do you have any technical analysis for saying this will happen or just creating the FUD threads.

Still bitcoin is at $7500 not $5800,so don't give false information.

[OhHappyDay]

bitcoin down trend to 3000

just wondering on the basis of which such a conclusion

[Evgenius1283]

Well in General if Bitcoin goes down, and it is more likely in my opinion, its purpose can become even 1800, it is the lower support of the descending channel.

[dmamigo]

It is hard for bitcoin to drop to $3000. I believe that whales will never do that. They will continue to collect more and more bitcoin and in the July, everything will back to normal and bitcoin will be pumped extremely hard. Remember what I say to day because you may want to thanks me later

May be or may not, as nothing is hard or impossible to happen. Many predicted many things but not all came true, you know. Moreover recently a huge blow came from RBI, Indian Government who officially banned Bitcoin and cryptocurrency. Within 3 months the exchange will be probably closed and unless the panic sellers doesn't prevent themselves from selling the BTC they are holding, nothing is sort of impossible. I hope whatever you said may come true, but its still very unpredictable market.

[Slow death]

Is truth that in the last months is being very bad for bitcoin and altcoins, prices are falling every day, the panic is everywhere and with that many people are desperate and panic. but we should not increase this panic, create a thread like this will not only increase the panic as it is something very irresponsible on your part... I would even go so far as to say that you are being a bad person. at least provide concrete evidence to justify their point of view. Finally... I want to say to you that you must be optimistic and not spread fear in people, transmit confidence in other people that it will do you very well.

[hwarico]

You prediction is completely unfounded. What makes you think that the trend will go this way?

Check the chrat trend,  I tried to attach my technical analytics  but can't do here unfortunately....

[merchantofzeny]

Are you, by any chance, acquainted with any of the whales and are getting juicy tips? Or are you working for them? 

Even if it drops down to $3k, long time holders would have still made a profit considering how cheap it was back then. Even with the current prices, anyone that bought this 2 years ago would still consider themselves lucky. It ain't going anywhere despite China restricting it, the exchanges are simply moving to Europe and the EU is preparing to regulate it.

[hwarico]

bitcoin down trend to 3000

the down trend will confirmed under 5800$

I just checked the current price and it looks like we are still holding around the $6500-$6700 range so I don't know where you get the idea that we are going down as low as $3000. Even if it goes down below $5000, its too much to handle for most traders and I'm sure that most of us will again used that opportunity to stack more bitcoins in our wallet. I just you are another paid schills around, spread FUD without any TA to back it up. People here are fed up with all of us and are not affected anymore. So go find another forum in which to spread your FUD but not here please.

I just share the technical review  I had,  you can get it or leave it...... But breaking under 5800 will be followed by big drop......  Hope it will not break the support line and get back to 10000$

[Gargo]

bitcoin down trend to 3000

the down trend will confirmed under 5800$

I think this price is to low, bitcoin won't go to that cause in near weeks people will start buying it again cause of some pumps that will come on days, just wait for that.

[OhHappyDay]

I think this price is to low, 

This is the reason for buying )

[sigam batat]

I do not believe in existing topics because you do not include links related to this issue, even though bitcoin prices are down I remain confident about this bitcoin because bitcoin down will definitely rise again and could exceed the price ever achieved Now, so for you bitcoiner still have to be sure of this bitcoin