BTC: where is the market going

[salamonKK]

There is not quite clear markup. It seems to me that Bitcoin is now showing us a complicated false breakdown at the level of $ 6400 and after the price has returned back to the top, consolidation will be expected.

[JohnWick_Bitcoin]

As users mentioned a trend reversal is highly expected to make a big change in the growth of bitcoin as well to reach a value above $15000. Right now even though lot of good things were taking place around the globe through cryptocurrency we haven't experienced any big increase which confirms that the bear trend still continues.

In my own opinion, market will soar soon just like what happened last year because there are a lot of people today who are investing a huge amount due to cheaper prices of coins.

No, the circumstances of the last year are not going to happen again in a long time, what happened in the last year was the perfect storm, we had a price that was not moving for 3 years, the developers activated segwit, countries like Japan adopted bitcoin and the public interest in bitcoin was high so the price skyrocketed, now the bear market has only lasted a few months, the public interest in bitcoin is low at the moment, regulations are coming and there is not a clear sign that the LN will be fully activated soon.

People today are still investing even though the market prices are dumping and most of the countries today are legalized on cryptocurrency so we can expect higher demand before the year ends.

[spartanrules]

I think now Bitcoin will grow up to 7,8K$ next during next month. After that in the middle of august it will start to drop again. Also in my opinion Bitcoin will fall to 3K$ and may be lower.

[xitrum]

Hello!
Sometimes we need to look at the charts, so that it becomes clearer where the market is now and where it is going to go further.
I decided to publish two graphics for bitcoin. Perhaps it will be useful for someone.

The first graph is the bitcoin schedule from February 2017. Here you can see the main trends. As we see the price has reached an important level of support and the decline has stopped.


On the second chart, a shorter period for information is happening right now. Here it is important to see that the fall occurs at large volumes, and growth occurs at low volumes.



Of course, it is difficult to make predictions on the crypto market, but based on these graphs, I can make a guess that the price may still fall in the near future.
I can assume that the bitcoin price will break down support at $ 6,400 and the price will go even lower. I think that only after this the market will begin to turn upward and we will see a new wave of growth.

This means that it's better not to rush to buy while waiting for a better moment for it.

You can see that bitcoin prices are dropping sharply recently, bitcoin prices have hit the $ 6060 level and will probably drop further. The market is in the downtrend stage so I think bitcoin prices will probably continue to fall sharply in the near future. Therefore, you should only invest in short-term in bitcoin and you should divide the investment to minimize risk.

[MiXxe]

There is not quite clear markup. It seems to me that Bitcoin is now showing us a complicated false breakdown at the level of $ 6400 and after the price has returned back to the top, consolidation will be expected.

Agree, it's become so tough to understand the market. The situation of this market indicates that it will move like you want it to move. We just need to be patient as we can to avoid this pump and dump schemes.

I concur with you guys. Maybe for some, the direction we are taking is going down, and that we are heading to the lowest level. However, based on most of the thing I read here, the majority is still on the end of hoping and waiting for the value to bounce back. And me too. Bitcoin had established great brand and market. It was able to surpass so many challenges. Despite of this market crash, it remains standing and I know perfectly that it will recover. We just have to have patience because it may take some time.

[robotrobert]

In my opinion , market will be stable between 6000-9000 till autumn, i am expecting major changes after summer. If not, we can go something in these levels a bit more .

Your assumption is somehow better. This seems natural and we hope this would become better for all of us. Now, what you have predicted is fantastic but there is no surety in it. Most of the times, when such price tags come in the market and such predictions are made, some people consider them as final. This isn’t final. This is just a predication that is based on some previous results.

[cryptowhiz]

Its going up down 360 and 180 degree.
A roller coaster roll and a dive.
leap of faith is there too.
no pun intended.

The market is going where the public is taking them and of course the manipulators too.
Sorry, but right now I am frustrated

[tatum506]

Hello!
Sometimes we need to look at the charts, so that it becomes clearer where the market is now and where it is going to go further.
I decided to publish two graphics for bitcoin. Perhaps it will be useful for someone.

The first graph is the bitcoin schedule from February 2017. Here you can see the main trends. As we see the price has reached an important level of support and the decline has stopped.


On the second chart, a shorter period for information is happening right now. Here it is important to see that the fall occurs at large volumes, and growth occurs at low volumes.



Of course, it is difficult to make predictions on the crypto market, but based on these graphs, I can make a guess that the price may still fall in the near future.
I can assume that the bitcoin price will break down support at $ 6,400 and the price will go even lower. I think that only after this the market will begin to turn upward and we will see a new wave of growth.

This means that it's better not to rush to buy while waiting for a better moment for it.

You can see that the price of bitcoin in the last two days is showing signs of a strong recovery and at the moment it has returned to $ 6600, according to my analysis, the bitcoin price may return to $ 7300 level because So you can keep to that point to sell. The market is bearish in the long run so you should have a clear trading plan before trading to minimize risk.

[Finestream]

Hello!
Sometimes we need to look at the charts, so that it becomes clearer where the market is now and where it is going to go further.
I decided to publish two graphics for bitcoin. Perhaps it will be useful for someone.

The first graph is the bitcoin schedule from February 2017. Here you can see the main trends. As we see the price has reached an important level of support and the decline has stopped.


On the second chart, a shorter period for information is happening right now. Here it is important to see that the fall occurs at large volumes, and growth occurs at low volumes.



Of course, it is difficult to make predictions on the crypto market, but based on these graphs, I can make a guess that the price may still fall in the near future.
I can assume that the bitcoin price will break down support at $ 6,400 and the price will go even lower. I think that only after this the market will begin to turn upward and we will see a new wave of growth.

This means that it's better not to rush to buy while waiting for a better moment for it.

You can see that bitcoin prices are dropping sharply recently, bitcoin prices have hit the $ 6060 level and will probably drop further. The market is in the downtrend stage so I think bitcoin prices will probably continue to fall sharply in the near future. Therefore, you should only invest in short-term in bitcoin and you should divide the investment to minimize risk.

I suggest to still hold your coins until you see the price starting its bull run again.Maybe we can expect more dropdown of price in the next days but instead of making panic,let's continue to grab the chance of buying cheap but potential coins.I'm sure the market will have its own time to stop from the bearish trend and may start the bull run again.

[DRVX]

There is not quite clear markup. It seems to me that Bitcoin is now showing us a complicated false breakdown at the level of $ 6400 and after the price has returned back to the top, consolidation will be expected.

Probably, yes. I suppose we must not be in a hurry to take the wrong decisions and sell Bitcoin plus other altcoins. The market is not red constantly. It seems to me, it is swinging all the time but finally, the bull run will start.

[danherbias07]

Now this one I understand more than other graphs with a lot of lines.
Merited for sharing. Thank you.

I like how you are just guessing the price fluctuation and not saying it is an accurate one. We can never know what could happen.
True that we can wait for the right moment to buy but when is that?
It takes a bull you regret it takes a bear market we regret.
My opinion, get it now. It seems so low in my sight.

[Evetemot]

BTC is a top cryptocurrency in this online market. most of the people know about Bitcoin but no one can say exactly when the market will be going because Bitcoin can't control any person or any company and any Academy so if you think Bitcoin will be hit in this end of the year around $20, 000 but your prediction is perfectly working? you can't say your prediction is properly working because cryptocurrency experts make a prediction but his prediction always not work properly but I think that in August Bitcoin will be going very faster and it will be touch around $15, 000

All are feeling panic because of the huge dump in the price in the early days of this year but nobody is talking about the huge bump in the price which was totally unnatural. People were happy because they were making profits but when the price has been corrected everyone is upset about the falling price. For me the price is normal and is increasing day by day.

[@Mhaiang]

Whatever the market looks like, i am only following the very basic principles my friend told me to buy during the price is low and sell when the price is high. No matter how big or small the spike be, you will always earn if you just do it the right way.

[Marveill]

I suppose that our precious market is going right to the bright future, but for now it needs to go through many regulation processes and corrections, but is seems that it wakes up finally after long sleep

I believe that the market price today will just continue to grow because people are starting to invest again continuously so we might can expect for the price of bitcoins to grow up to $20k dollars just like what happened last year.

No it is not going to happen, the price is going down once again, you need to understand that just because we are still looking at the market of bitcoin that does not mean the characteristics of the market did not change, in the past year we saw a very strong tendency to grow and then when the price crashed we saw a strong tendency to go down, right now there is not a trend, the price is just moving up and down, today the market is down and then it will be like this for a fews days and then it will move up again and it will continue this pattern for a long time.

The market is going upwards and be patient it will grow more. Past has gone and the dip is going to recover in the near future. Now the market is green and the trust of the propel is building again. They are putting their money in bitcoin and due to this investment the market cap is increasing and due to high market caps the price is also increasing.

[JulesLoiseau]

The market is everywhere in the world

[ratna altika]

It may break $6400 support in few days but whether it will go below $6000 or not is the real question so your predictions is not very useful for me because if it go below $6000 things will change.

[lotsky123]

Bitcoin market price has been staying within $7300 up to this time. If it remains this way until the end of the day then the market will probably be going up in the next few days. There might be an unfavorable slight movement of prices but as long as it won't go down further it would be fine because it's a normal thing. The important thing is that the percent increase is much better than the percentage when it decreases in value.

[taxli]

It may break $6400 support in few days but whether it will go below $6000 or not is the real question so your predictions is not very useful for me because if it go below $6000 things will change.

So the truth is that we touched $5,800 point and then we bounced up to $7,400. It is quite strange and amazing but it is what it is on the market right now and the most pleasant thing is that we are still hanging on this level not falling down.

[omonuyak]

I think bitcoin is going to move up from the current level.  It seen the bearish market is some how over and we would soon start to see bullish trend more often than before.  The volume has also started to increase and we can actually buy now as bitcoin is more of uptrend and at the same time increasing volumes.

[bigdude]

we’re out of the bear market guys I’m confident this isnt a bull run that will take us out of this bear market
this mini bull run is mostly likely from the hype of the btc ETF announcement in 3 weeks and people are saying it’s less likely to get approved