Bitcoin can drop again 7K zone.

[Labajah]

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 think it’s not going to happen. it’s hard to accept but it may happen and bitcoin is just going rise back up. no matter what the price of bitcoin is, we will still be here. i will still be here.

[onnz423]

Bitcoin will drop from 7k-8k dollars then after two weeks it will rise again to 9k, by the month of june it will hit 10k then continuously rising up till october then it will drop a little bit by a couple of weeks then the price of bitcoin will hit 20k dollars zone by december.so invest now buy bitcoin and hodl it.

It is really difficult to predict how the market goes but i expected this crash because the resistance we had at $10 k was really high and the market was not going anywhere and so i expected a correction before crossing the $10k valuation and i am not sure how long it will take to cross those valuation but i am positive that the next push will take the value above $10k.

Look at all that technical analysis to back up those assumptions.... Oh wait, there is none, this is just mindless opinion based on nothing.

Odds are that Bitcoin will either stabilize around the current price due to the SEC meeting that is looming, bad news means it will drop below $8,000, good news will likely see it rise back above $9,500.

[tylerderden]

Bitcoin will drop from 7k-8k dollars then after two weeks it will rise again to 9k, by the month of june it will hit 10k then continuously rising up till october then it will drop a little bit by a couple of weeks then the price of bitcoin will hit 20k dollars zone by december.so invest now buy bitcoin and hodl it.

It is really difficult to predict how the market goes but i expected this crash because the resistance we had at $10 k was really high and the market was not going anywhere and so i expected a correction before crossing the $10k valuation and i am not sure how long it will take to cross those valuation but i am positive that the next push will take the value above $10k.

Look at all that technical analysis to back up those assumptions.... Oh wait, there is none, this is just mindless opinion based on nothing.

Odds are that Bitcoin will either stabilize around the current price due to the SEC meeting that is looming, bad news means it will drop below $8,000, good news will likely see it rise back above $9,500.

Yes anything can happen in the market.Bitcoin's price is very volatile and so we do not know in which direction will the prices go.There was a drop in price of bitcoin from some time but now it is increasing slowly.It also depends on demand and supply forces,the amount of bitcoins people are holding back or selling.I think it will touch new heights in the coming future.Bitcoin is the most expensive cryptocurrency till date.Rise and fall go hand in hand.

[cryptocurrencyguru]

bitcoin has very good support at 8000 dollars below 8 thousand dollars bitcoin won't drop as per bitcoinwisdom.com chart analysis we can say

[Utiani kh]

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 ?

Increase in bitcoin is very reasonable, this indicates the stability of bitcoin prices.
reducing bitcoin provides an opportunity for investors to invest.
I'm sure the price drop will not be long and will switch to $ 9K.

[Udrujec]

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 agree. I think that bitcoin will not break the support level of 8500. This is a temporary little correction before the conference.

[boakyei]

Even if it falls again to 7000, that will not be the end price of it till the year end. It will still rise and end in the year with $20,000 and over.

[Liternyy]

Bitcoin certainly can go down to 7,000 dollars, but only if this border will be before the next strong jump to its strong take-off of 15,000 dollars, I do not see any other reasons for such a decline after May 18 after a strong jump !!!

[MFY151]

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 think it could happen specially that it goes now to $8400 though I still don't want to see red market I guess I could still benefit by it if it actually manages to crash so much up to $7000 then I guess I could buy additional bitcoins to maximize the profit along with its recovery.

[HaXX0R1337]

This is just whale manipulation, dropping the price due to a small amount of negative news expecting others to do the same. When they realise that mt gox will trade otc the market will pump back up again. Some easy gains for the market manipulators

I do really think that the market went down simply because it was not able to break the resistance level and may be there is a sell off from Mt Gox i am not aware of it but they have moved a large amount of coins and may be that is reflected in the market.

[coinluisa]

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 ?

We need more patience to this volatile price if bitcoin and hoping that bitcoin will not drop in 7k because it will be bloody again the market and many people will be disappointed again because of this situation.  As of now the best we can do is continue to buy bitcoin.

[Slow death]

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 ?

apparently you have been frustrated with this price decline, but you have already read the news about the probable reason why the price of bitcoin fell so we will keep calm and be patient because the price will always fall and rise depending on the good news or bad news., about if the price will rise to 9000 next week, I do not think it's possible to determine this... the price can also fall to less than $8000, $7000 or even $6000

[faatipoke]

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 ?

yes this prediction is totaly possible in terms of technical. Even this happens bitcoin still be in uptrend. These are the last shake outs in the market. Bitcoin price will reach new ath later this year.

[Inkdatar]

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 ?

yes this prediction is totaly possible in terms of technical. Even this happens bitcoin still be in uptrend. These are the last shake outs in the market. Bitcoin price will reach new ath later this year.

It is possible price of bitcoin will decline again nothing is possible in this market that unstable. I think price will grow up again to $9k. I am optimistic it can hit again once good news occur in crypto more users comes to bitcoin.

[HatakeKakashi]

Last month the price of the bitcoin decreased at $7000 and this month of MAY the price already reached 10k dollars but today the price decreasing again and now $8400 is the price. We don't know until when again the price of the bitcoin decreased maybe this week or until next week but I hope as soon as possible the price of the bitcoin again will pump just need to be patient.

[Baofeng]

Let's see if you we are going to see $7K again. This week was very scary for us and the price keeps dropping significantly after almost getting into the $10K mark. There are news circulating that the Mt. Gox trustee started to transfers coins that's why the market just reacted negatively again on his actions. Right know the price is moving towards $8500 from as low as $8200 12 hours ago.

[marcbitcoins]

I think that the current drop in btc price is because of Mt. Gox Wallet case.
Bitcoin will recover again, as always and eventually cross 10 k psychological barrier.
After that, everything is possible.
I don't think that btc will drop back to 7k again.

Very true it was Mt.Gox again here is the link https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/. They say that Mt.Gox has 140000 Bitcoin left at their disposal but i don't have the links to confirm if this is true because if this is true and they will sell the whole amount then Bitcoin for sure will go down to $4,000. I don't want to spread FUD but i just want to make fellows to be aware and should always monitor the market to avoid losses.

[lablab03]

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 ?

we have no strong evidence on this situation, what i mean there's no negative news to break bitcoin price or any causes than can make bitcoin price to decrease gradually , maybe a correction of price IMO which a temporary dump then after this it will continue to soar and surpass 10k.

[cryptovally01]

I don't think bitcon will drop again to 7k zone because it is not something that will happen easily untill any negative thing occurs that make the traders panic sell. Without this bitcoin has gained lot of consensus nowadays.
 I believe that bitcoin will soon rise again and it will be in 10k zone.

[batang_bitcoin]

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 ?

Good thing that bitcoin didn't fall to 7k zone as we can see it's trying to recover the losses it got from this event. I'm not only hoping that bitcoin will grou back to $9,000 but I'm expecting more it.

It might happen. From last few days we have got some news that is going against bitcoin. And it is highly affecting its demand in market. As a result, price drop is not a surprise. But hopefully it will be for a short time.

It's all over the year, FUDs, bad news, expect it to come. Not everybody likes bitcoin and is an enthusiast of it. But wait until the consensus conference, I think we might get some good news about it. I thought after the G20 summit we'll finally recover but it isn't enough.