7k by tonight Sunday

[imapessimist]

I think Bitcoin is heading for the usual Sunday night drop.  I'd say 7k was not unlikely in say 12 hours or so time.  Not maybe low 7k but 7k.  And the volume looks very low. 

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[cmacwiz]

I think Bitcoin is heading for the usual Sunday night drop.  I'd say 7k was not unlikely in say 12 hours or so time.  Not maybe low 7k but 7k.  And the volume looks very low. 

I can bet my entire life to prove your theory wrong as this is a pretty ridiculous theory without any proper evidence or any market analysis, just a few lines and you think that everyone would believe what you are saying. I also know that bitcoin is a little bit down today and can go more downward but I don't think that bitcoin would go down to $7k per coin. There would have to be something pretty big news against bitcoin like any ban in a country that has major bitcoin users like Russia or maybe Japan, but that ain't going to happen.

[imapessimist]

I don't think everyone should believe me.  Anymore than people who bought at 20k and believed the only way was up.     .  I think it will drop because of trends and the trend is downwards I'd say but I might be wrong of course. 

[hase0278]

I think it will drop because of trends and the trend is downwards I'd say but I might be wrong of course. 

No one would believe you if you have no proof to show us. Saying that the trend is downwards is not a valid reason for one to predict a bearish trend. For instances what news do you think would drive bitcoin price down tonight? You need to back it up by news if you were to speculate via fundamental analysis(like what you have done) but it would be better if you can provide a technical analysis as well.

[investeerder]

I think Bitcoin is heading for the usual Sunday night drop.  I'd say 7k was not unlikely in say 12 hours or so time.  Not maybe low 7k but 7k.  And the volume looks very low. 

What made you think for that to happen? Do you see fuds, bad news, bad huge sell, etc? Maybe your still not convince with these slow pumping movements but for the fact that the ambiance of crypto world is so green then $7k is so impossible to came.

My prediction for bitcoin will surely go for 11,000 by next month.

[timerland]

I think Bitcoin is heading for the usual Sunday night drop.  I'd say 7k was not unlikely in say 12 hours or so time.  Not maybe low 7k but 7k.  And the volume looks very low. 

Even though the markets have been quite sluggish, without much movement upwards, we simply haven't seen anything that even came close to a drop of this size.

$9.5k to $7k in one day would be a 27% drop in less than one day. We haven't seen that even in the most bearish state of the dumps at the start of this year. Flash crashes like this are extremely rare, and there is definitely nothing to suggest that it's going to happen today.

Bitcoin could possibly correct down to $7k or even lower, after this rally is over. There are no guarantees, but it's going to be gradual if it does happen. No way it's happening in one day, since there is still a ton of support at both $8k and $9k levels. And the only reason I think this has a chance of happening, is because the market sentiment seems slightly bearish still, and we don't seem to be ready yet to get into a fully bullish market.

[creativenl]

I think Bitcoin is heading for the usual Sunday night drop.  I'd say 7k was not unlikely in say 12 hours or so time.  Not maybe low 7k but 7k.  And the volume looks very low. 

hahahahahahahahahahhahaah funny guy

[exstasie]

So we didn't drop 26% in half a day, big surprise.

I'll admit lower time frames have been looking a bit drippy, but the downside momentum is weak. And I'll note that alt charts are generally bullish vs. BTC, which is a good sign. It means people are looking for riskier assets rather than cash.

[Pursuer]

bitcointalk is in serious need of a new Newbie Jail again to eliminate all these random newbie guesses that they try to pass as "speculation" just because they wish to see a lower price so that they can fix the mistakes they have made back when they themselves listened to a random guess made by a newbie trying to fulfill their own wish!

[owengtam09]

I think Bitcoin is heading for the usual Sunday night drop.  I'd say 7k was not unlikely in say 12 hours or so time.  Not maybe low 7k but 7k.  And the volume looks very low. 

You have a wrong prediction, what makes you think that bitcoin will have another drop? I don't think that we will have another bitcoin price drop this Month. It is not dropping this Month, it is more likely to increase because I think, some bitcoin investors get back to invest their income here and not in some altcoins again because they see another good prediction this year that it will increase again.

[imapessimist]

I have come back on to say that yes I was wrong.  I did think there would be a fall as the volume was low and the price did seem to be struggling to stay above around 9k.  So from here who knows.  I would not risk money at this time because it's so unpredictable. 

[airdagon]

bitcoin will not come back again fill out the price at the $ 7k figure in this week, lo and behold! bitcoin price is making a new resistance above $ 9,500, if it happens in the near future, the price will soon move on up to the $ 10,000 number.
I never thought to you, that the price will return to $ 7000.
on what basis do you think like that, sir?
do you get the source info from where? lol

[creativenl]

he hopes for it because he is to late.
cu at 17K not 7K

[Lucius]

I have come back on to say that yes I was wrong.  I did think there would be a fall as the volume was low and the price did seem to be struggling to stay above around 9k.  So from here who knows.  I would not risk money at this time because it's so unpredictable. 

Maybe you learn something from this,you can not predict the price based only on volume and on your own feelings.What's happening few weeks ago is ended,and by that I mean at weekend drops-price is now quite stable and drop to 7000 $ could happen only in case of some pretty bad news or some big dump from MtGox trustee manager.

BTC is always risky and unpredictable,and this time is nothing better nor worse//it all comes down to believing that something can succeed or not.

[peter0425]

I have come back on to say that yes I was wrong.  I did think there would be a fall as the volume was low and the price did seem to be struggling to stay above around 9k.  So from here who knows.  I would not risk money at this time because it's so unpredictable.  

Maybe you learn something from this,you can not predict the price based only on volume and on your own feelings.What's happening few weeks ago is ended,and by that I mean at weekend drops-price is now quite stable and drop to 7000 $ could happen only in case of some pretty bad news or some big dump from MtGox trustee manager.

BTC is always risky and unpredictable,and this time is nothing better nor worse//it all comes down to believing that something can succeed or not.

I agree. You should at least learn from your mistakes of predicting the price movement. One thing it makes it more worst is that you don't have any graphs to backup your claims that's why you look like you don't know what you are saying here. Maybe you have your reasons to think that the market will go down again. However, it seems that we are in the tail end of  this so called bearish market and we might not see a significant drop because its looks like investors interest on bitcoin was re-established when we bottom at $6500 last month and now they are going back at the ecosystem.

[BitHodler]

I would not risk money at this time because it's so unpredictable.  

Risking money only happens when you are trying to ride the short term market. People not being interested in these short term gains won't have anything to lose if they hodl through for at least a whole year.

The majority of the people focusing on short term gains end up losing, and why do you think that is? It's because the short term market is an unreliable factor that isn't much different from a roulette wheel.

One day it falls on X number and the other day Y number is the one. It's nothing more than a guessing game based on hope alone. Technical analysis may help to a certain extent, but it's also not something you can rely on.

[Febo]

I have come back on to say that yes I was wrong.  I did think there would be a fall as the volume was low and the price did seem to be struggling to stay above around 9k.  So from here who knows.  I would not risk money at this time because it's so unpredictable. 

It is stable. Whole last week. That is super nice. Why Bitcoin needs to go up or down. It can just stay around 9k for some time. At low or high volume.  Seems pretty normal to me.

[Denker]

I think Bitcoin is heading for the usual Sunday night drop.  I'd say 7k was not unlikely in say 12 hours or so time.  Not maybe low 7k but 7k.  And the volume looks very low. 

That post did not age well!
We're still around 9300.
And a drop of more than $2k in a few hours without a specific reason would have been pretty weird to be honest.
At least you could have given us an explanation why you think the price should have dropped that much.

[pealr12]

I think Bitcoin is heading for the usual Sunday night drop.  I'd say 7k was not unlikely in say 12 hours or so time.  Not maybe low 7k but 7k.  And the volume looks very low. 

Youre wrong you should be adding '1' in the front. Bitcoin price will slowly skyrocket this month of may  going 17,000 before the month ends. I know its impossible but i still  believe bitcoin will bounce

[Ultegra134]

I think Bitcoin is heading for the usual Sunday night drop.  I'd say 7k was not unlikely in say 12 hours or so time.  Not maybe low 7k but 7k.  And the volume looks very low. 

I highly doubt that it will fall that much. It's been stable for days now, I'm waiting for a price drop but it doesn't seem like happening. It will probably crash in a few days, since it has been in an upward trend for quite a while but it won't go anywhere close to $7.000.