Bitcoin can drop again 7K zone.

[Muktar]

it looks like bitcoin will not go down to $ 7k, now bitcoin is still priced around $ 8600 and I see bitcoin will soon rise again

[sandor111]

It's absurd what the administrator of MT Gox is doing. He's selling the bitcoins. He must be earning some bribe from some exchange to do the negotiation. There's no sense in him wanting to sell the bitcoins. He should return the bitcoins (or part of them) to the customers who were harmed.

Should. Haha that's funny. If he wanted to return, he would have already done it. He's a robber and scammer, not a nice guy and righteous person. Of course he intends to sell stolen bitcoins sooner or later.

[TooDumbForBitcoin]

it looks like bitcoin will not go down to $ 7k, now bitcoin is still priced around $ 8600 and I see bitcoin will soon rise again

The price will bounce back to 10k. Standart FUD manipulation. Hold your longs guys and you will be rewarded. 

[jackmuu]

Highly doubt so. Check out this Bitcoin technical analysis by SkrillaKing to find out more:

https://bestcrypto.tv/1182/sell-or-buy-during-this-crash-how-to-profit-bitcoin-technical-analysis/

[nerlial]

Bitcoin can do everything and we have seen it for years. Big players play by their own rules. Small players can only ride on the waves.

[tegarp90]

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

If it drops to 7k zone, it means it breaks the down resistance line.
Which means it's hard to get back to 9k.
I think this correction will be just until 8k - 8,5k and it will rebound again to 9k

[yrrehc16]

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

below 8000 USD is impossible this quarter.
i am looking for bitcoin to get 10K above.
we just need to hold and stay.
don't panic, just be calm!

[laurenB7742]

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

8,200 BTC Moved From Mt. Gox Wallet, Possible Sell-Off Affects Bitcoin Price
Such incidents are unstoppable and will continue to happen. We saw previously a major setback to BTC price when China banned ICOs in Sep 2017, every negative and positive news will effect BTC price. Those who can withstand this pressure selling will be the ultimate winner in the end.

[bbjay]

The dropping may be as a result of market situation since there is no new negative news from any where as at yesterday and today. All thing be equal anything can still happen either to the both side. One thing so setting is that 2018 would be fruitful year for bitcoiner. Watch!

[r1s2g3]

I do not think BTC price can be analysed by TA. I followed TA some point of time and look like all TA analysis are failures.
One more difference I find in crypto and traditional share market that coins are mined regularly that is not case with traditional shares that you create 12.5 shares of company every 10 minutes.

You cannot predict how this newly created 12.5 shares will be sold.

[Gyromancer]

In my opinion, the price of bitcoin is unpredictable and can surprise abruptly. First, fluctuations in bitcoin prices can be caused by the supply and demand of the bitcoin itself. If many people buy bitcoin in large quantities, the price of bitcoin will rise sharply. In otherwise, if many bitcoin owners sell bitcoin in large quantities, the price of bitcoin will decline sharply. Second, nobody controls the price of bitcoin so bitcoin prices can change suddenly. So, I'm not sure, bitcoin will drop 7k zone or grow up to 9k zone next week.

[jonell]

This selling that caused a lot of the drop is primarily coming from people taking their funds out of Upbit as they are concerned due to the recent raid. They will most probably go to other exchanges and buy there, which will result in that the markets turns green again in a near future.

[santiPOGI]

i can't see anything like this to happen now.
bitcoin will stay above 8k USD, and will get more than 10K usd.
soon we will see that.
there are so many businessman getting in bitcoin we just need to wait and will have the fruitful months.

[Gozie51]

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

I don't see the price dropping beyond $8,500 as we are seeing it at the moment and it is likely to close that way today. What happened was just a little correction because the market is still giving a buy signal. Most likely, it is going to get back to $9,000 this weekend.

[bitcoinVPSD]

I think this could happen. Bitcoin prices have fallen from $ 9,000 down $ 8000 and then $ 7000 can be within few day to . But this decline is normal  and this decline is certainly a good opportunity for many investors who are expecting bitcoin to fall price back. They will buy as many bitcoin to store. Bitcoin prices are likely to be better next week. Because bitcoins are in  the upward trend, you may see prices higher than $ 9,000 next week.

[Julunguul]

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

indeed a big correction like this is really beyond estimation, whether there is anything that can cause BTC market like this, i really want to know, the possibility to going up will be difficult again. But the possibility can still happen. maybe the end of this month will return to normal

[Tipsters]

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

Just chill people, bitcoin will be in 10k in a couple of weeks from now. I assure you that this will happen because I've read a lot of analysis on this trend. Expecting positives thoughts sometimes results into its happening. If bitcoin can even overcome 12000 USD by next month, that will be a great boom for me ! 

[Aztek]

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

Always the dumping and pumping could always possible in the market dumping of bitcoin up to 7k$ is always possible in just a small amount of time we all know the supply and demand thing which always depends on the people so we could always expect this but the good thing is we could always expect the bitcoin to go and pump its price we know the history of bitcoin and no one knows that it will reach that limit.

[tabas]

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

It has dropped to $8,500 so basically everyone is worrying if it goes to $7k or further. I don't want to think of any other thing that can be negative to bitcoin. I just want to see it again recover until it goes back to $10k and more. It's quite hard to see that it's suffering again for today but we all want to see it recover so for now we just have to wait and see it at this dip or the best thing to do is to buy right now.

[bitbunnny]

It's possible I admit but I don't think the price will go down all the way to 7000$ in this round.
I can already feel how panic among users is rising, again, although in fact there is no reason for that.
Use this minor price change for buying the coins to profit in the near future when the price will go up again.