Bitcoin will probably reach 4500-5000, following seasonality pattern.

[vladimir21]

In the last 50 years,on average the June/september/october are the worst months. And are very bearish.

WHen bitcoin fell down below 6500 i confirmed that we may be following seasonal pattern, which means we could see a pump around july/august. But the lowest all time bitcoin will be around september/october.

So i put a bet on around 4500-5000 for these months.

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[Wind_FURY]

I believe we are witnessing capitulation and the bears have the control now, and it might be followed by another long movement of nothing for two years until the next halving. Kwukduck might be right in his $3,500 target to buy back after all. Hahaha.

[Lampaster]

I believe we are witnessing capitulation and the bears have the control now, and it might be followed by another long movement of nothing for two years until the next halving. Kwukduck might be right in his $3,500 target to buy back after all. Hahaha.

Why do bears always lower prices? Everything has limits. It seems to me that the decline in prices to 5900 dollars is a temporary phenomenon. Bears test their strength and calculate the economic effect of further price reduction. In the end, the death of bitcoin is not beneficial to anyone. Bears want to give the steering wheel to the bulls but they don't want to take it and it can be a problem for everyone.

[airdagon]

yup, the situation can now be called with the annual tradition. look back, to previous years, in the middle of the year the price is always experiencing a sharp and significant decline. but, by the end of the year prices will rise back to higher levels. I think the price will only drop to $ 5000- $ 5,500 in these months.

[Don Pedro Dinero]

In the last 50 years,on average the June/september/october are the worst months. And are very bearish.

WHen bitcoin fell down below 6500 i confirmed that we may be following seasonal pattern, which means we could see a pump around july/august. But the lowest all time bitcoin will be around september/october.

So i put a bet on around 4500-5000 for these months.

You are comparing pears to oranges. Why should bitcoin behave the same way the stock market has?

Apart from that, statistics are constructions we make to understand the past, but they usually fail to predict the future, and when they fail, the new data is included in the new statistics.

How would you follow this sequence? 1,2,3,4

The obvious answer seems: 5,6,7,8. But if you see that it is followed by 1,2,3,4, you will change your prediction about the following number.

So, if you have a sequence like: 1,2,3,4,1,2,3,4 how would you follow it?

The obvious answer seems: 1,2,3,4. But again, depending on what you see after you will have to change your predictions.

[davis196]

I believe we are witnessing capitulation and the bears have the control now, and it might be followed by another long movement of nothing for two years until the next halving. Kwukduck might be right in his $3,500 target to buy back after all. Hahaha.

Why do bears always lower prices? Everything has limits. It seems to me that the decline in prices to 5900 dollars is a temporary phenomenon. Bears test their strength and calculate the economic effect of further price reduction. In the end, the death of bitcoin is not beneficial to anyone. Bears want to give the steering wheel to the bulls but they don't want to take it and it can be a problem for everyone.

Off course it is.Every bitcoin price at every moment is a"temporary phenomenon".
Nobody wants the death of bitcoin,the bears will make enough profits,but they will become bulls during the outumn or maybe the winter,in order to make more money.I don`t believe that much in the bulls/bears market theory.It`s just a bunch of traders,who act as bulls or bears ,when the moment is right.

[timerland]

I don't know about your reason for bitcoin dropping to $4500-5000, since I simply have no idea whether or not the seasonal changes in BTC is really something that is tangible or not. It's hard to say at this point.

You also mentioned the fact that we may see a small bull run in July/August, which is possible, but isn't guaranteed. But even if that does happen, it's not going to influence the overall market trend too much, as the sentiment is going to stay bearish and the pump itself will be undoubtedly short-lived.

But yes, I think that bitcoin will bottom out at levels between $4k-5k. When that happens, I have no idea, but since the $6.7k support was broken I think we're definitely going to be consolidating lower before the recovery.

[LFC_Bitcoin]

I believe we are witnessing capitulation and the bears have the control now, and it might be followed by another long movement of nothing for two years until the next halving. Kwukduck might be right in his $3,500 target to buy back after all. Hahaha.

He’s utterly clueless & it’s been proven again & again with his overly bearish predictions over the years.

[Wind_FURY]

I believe we are witnessing capitulation and the bears have the control now, and it might be followed by another long movement of nothing for two years until the next halving. Kwukduck might be right in his $3,500 target to buy back after all. Hahaha.

Why do bears always lower prices? Everything has limits. It seems to me that the decline in prices to 5900 dollars is a temporary phenomenon. Bears test their strength and calculate the economic effect of further price reduction.

But the new "lower high" after the bottoming on "lower lows" will be another "temporary phenomenon" too and it can decline back again to $5,900 or lower, creating a new low for 2018.

In the end, the death of bitcoin is not beneficial to anyone. Bears want to give the steering wheel to the bulls but they don't want to take it and it can be a problem for everyone.

No. Bears like to sell short and would like to keep the steering wheel for as long as they can.

[Herbert2020]

In the last 50 years,on average the June/september/october are the worst months. And are very bearish.

bitcoin was created 9 years ago not 50 and what happens in other markets (stocks for example) has nothing to do with bitcoin. they may have certain patterns and do certain things in certain seasons but not bitcoin.

WHen bitcoin fell down below 6500 i confirmed that we may be following seasonal pattern, which means we could see a pump around july/august. But the lowest all time bitcoin will be around september/october.

the problem with these patterns is that there is a lot of them and most of them contradict each other. for example there was a lot of patterns suggesting we will see a rise in February, that didn't happen. then again in April and that didn't happen either. and again we have June patterns that suggest we should have seen a rise but that didn't happen either.
you see for every pattern that comes true there is another that didn't.

[buwaytress]

I think Bitcoin's already broken the seasonal pattern this year (recall the supposed January rebounds and then a failure to repeat the overall Spring gains), but in this case, I also sense yet another period of pre-year end downturn, following a brief rally in coming months. Not that my senses have been helping me in any way this particular year.

As Herbert above points out, though, patterns aren't helpful since we all see what we want to. That's the strength of charting - they illustrate a point, rather than help us arrive at one.

[Tankdestroyer]

Kwukduck might be right in his $3,500 target to buy back after all. Hahaha.

He’s utterly clueless & it’s been proven again & again with his overly bearish predictions over the years.

At the very least his prediction in this thread has come to fruition(see the last reply on the thread). That being said, I believe he is not utterly clueless, his prediction might become true again this time and being overly bearish it is just his way of saying things.

WHen bitcoin fell down below 6500 i confirmed that we may be following seasonal pattern, which means we could see a pump around july/august. But the lowest all time bitcoin will be around september/october.

I think we are done being in the season where bitcoin follows a seasonal pattern because of Chinese manipulation. Now that bitcoin has been adopted more, I believe we won't see any seasonal pattern anymore but I believe we will probably reach 4500-5000 USD before the next bullish run happens.

[suzanogbomo]

it is obvious that the bears are winning with a market cap that fell below 250 billion from an all time high of about 900 billion. Maybe the bulls will return towards the close of the year.Expert predictions say bitcoin will hit 30k $ by year end.

[vladimir21]

No, it's a good indicator. Since it is a 50 years seasonal average. Crypto market basically follows stock market pattern. And according not just me but also some well known names know that btc is following season pattern from now on, which means no drastic bullish increases as it is too risky.

[LexLuther]

What about Nov/Dec?  I would expect a good pump the end of the year.  It seems with more regulatory clarity coming out of the States hopefully we can see an ETF or some big institutional investors open up the markets for retirement accounts. 

[BrewMaster]

i am no expert to say anything about this "season pattern" that you are talking about here although my small experience tells me it doesn't sound true.
but this part is definitely not true:

which means no drastic bullish increases as it is too risky.

it is not a random thing that these big rises happen. it is because of combination of two things: 1. the small size of the market 2. the nature of adoption.
so far bitcoin adoption has been drastic and each time it brought a lot of investors in, in a short time. for instance last year during the $20k rally Coinbase was reporting 1 million sign ups in a couple of days.
add to that the fact that the order books are still thin and you will see these drastic rises AND falls.

[BillyBobZorton]

The summer makes people feel good and bullish, I think we are going to have a bull market, which may not cut it for an ATH so we will have further dipping after that, and we may or not may go lower than the February 22 2018 bottom... maybe a triple bottom will be it?

If the tripple bottom scenario doesn't hold we are going on that range you pointed to unfortunately (or fortunately, since I just want to buy more before it goes to $1,000,000)

[Wind_FURY]

Kwukduck might be right in his $3,500 target to buy back after all. Hahaha.

He’s utterly clueless & it’s been proven again & again with his overly bearish predictions over the years.

At the very least his prediction in this thread has come to fruition(see the last reply on the thread). That being said, I believe he is not utterly clueless, his prediction might become true again this time and being overly bearish it is just his way of saying things.

I have the same opinion. I believe he is only trolling us when he posts his extremely bearish predictions, but behind that he buys the bottom and sells the top when he trades.

He is also annoying but I support his prediction of $3,500 per Bitcoin. Haha.

[Theb]

I don't think that we are following the price history of the stock market as our basis on where Bitcoin will go, for one BTC is on a separate market compared to the stocks, and even that does not prove that we can have the same trend as what they are having. Also one of the most vital factors we are having is that we have a changing demand remember that Bitcoin has soared 1000$ in just 30 minutes if it wants to as seen before, and BTC being on the down trend ever since January I don't think that we will follow any kind of bullish or bearish patterns, this volatile market can go either way.

[talkbitcoin]

At the very least his prediction in this thread has come to fruition(see the last reply on the thread). That being said, I believe he is not utterly clueless, his prediction might become true again this time and being overly bearish it is just his way of saying things.

just because someone predicts some price and it comes true it doesn't mean they are good at "predicting bitcoin price" and it certainly doesn't mean their future so called predictions are going to also come true.
you can roll a dice 10 times and win in a dice gambling game but that doesn't make you a future teller.

[batang_bitcoin]

You are comparing two different worlds, there is resemblance on how to do stocks and crypto's but they are revolving in different dimension.

What you are saying is we will get a light on July and August and then we'll see again another bear market September and October.

How can all these months isn't enough for the bear?

[btcdevil]

You are comparing two different worlds, there is resemblance on how to do stocks and crypto's but they are revolving in different dimension.

What you are saying is we will get a light on July and August and then we'll see again another bear market September and October.

How can all these months isn't enough for the bear?

Nothing but seeing the previous price fluctuations he is predicting on that basis, and if it comes as same as he told then just see that how he will come and cry here saying what he told has happened. Any one can predict it but what should be to happen that only going to happen to the market. I can also predict that in the end of 2018 market will be nearby $15k + if it comes then i will be happy.

[traderethereum]

although bitcoin price will get down in July/August, I am not too worry about this because as far as I remember, in July/August last year, the altcoin is getting an increase so high so no matter if bitcoin is down, we can get another profit from altcoin. and after the altcoin gets a party, then it's the time for bitcoin to show the power to increase because, in the last year, bitcoin start to increase after September and still increase until at the end of the year. so maybe it will repeat like this in this year.

[vladimir21]

although bitcoin price will get down in July/August, I am not too worry about this because as far as I remember, in July/August last year, the altcoin is getting an increase so high so no matter if bitcoin is down, we can get another profit from altcoin. and after the altcoin gets a party, then it's the time for bitcoin to show the power to increase because, in the last year, bitcoin start to increase after September and still increase until at the end of the year. so maybe it will repeat like this in this year.

Problem with this year is that every coin has huge resistance, because of mass growth in late 2017. Which certainly means that it wont happen again that fast, as coins needs to reach new aths with extreme resistance. That's why i don't expect bitcoin to reach 20k this year, maybe more like 10-15k max if we get very very luckey.

The only way for bitcoin to grow again is for world mass media to report on it, like it happened  in late 2017 the mass media was constantly reporting on bitcoin new ath price...

[vickybitcoin]

In the last 50 years,on average the June/september/october are the worst months. And are very bearish.

WHen bitcoin fell down below 6500 i confirmed that we may be following seasonal pattern, which means we could see a pump around july/august. But the lowest all time bitcoin will be around september/october.

So i put a bet on around 4500-5000 for these months.

https://s33.postimg.cc/dfz4ot90v/Capture.png

https://s33.postimg.cc/fxavw4y33/capture12.png

Even if the price will even reach lower than what you predicted I have strong believe that it will bounce back hard nd higher also. People right now are not only seeing the situation as bad but as n opportunity to be avaible to buy bitcoin investment while the price is low.

[okala]

That mean we should sell at the end of August and trying to buy back in November. This doesn't play out last year because we have a very nice ride in bitcoin pricing in August and September! I may not have the data to show but many of us that was here last year will agree with me that bitcoin performed very will last year.

[batang_bitcoin]

You are comparing two different worlds, there is resemblance on how to do stocks and crypto's but they are revolving in different dimension.

What you are saying is we will get a light on July and August and then we'll see again another bear market September and October.

How can all these months isn't enough for the bear?

Nothing but seeing the previous price fluctuations he is predicting on that basis, and if it comes as same as he told then just see that how he will come and cry here saying what he told has happened. Any one can predict it but what should be to happen that only going to happen to the market. I can also predict that in the end of 2018 market will be nearby $15k + if it comes then i will be happy.

But basing with another type of market is different from getting facts with his predictions. I concluded that when stocks are falling, bitcoin is also falling too but having predictions with the pricing, rising and fall, I just don't understand on how it goes.

Everyone is free to predict but telling a low bottom which has been suspected to happen few days ago at $5,800 won't go through $4,500 which is very low.

[websoftwareengineer]

That mean we should sell at the end of August and trying to buy back in November. This doesn't play out last year because we have a very nice ride in bitcoin pricing in August and September! I may not have the data to show but many of us that was here last year will agree with me that bitcoin performed very will last year.

In my own opinion, the market is volatile and the price might pump again somehow anytime soon due to the prices today that is very low in the market, the reason why market today is currently dumping is just because of the people who are not well knowledgeable about the system and they tend to sell their coins if there is a negative speculation that comes out.

[Shinpako09]

If that's what you believe then fine, everyone is entitled to their own opinion. Not all prediction is right and not all we are expecting were going to happen. Everyone might be right and wrong. Not because someone predicted it right once, they are correct in their following prediction.

[warwar]

If that's what you believe then fine, everyone is entitled to their own opinion. Not all prediction is right and not all we are expecting were going to happen. Everyone might be right and wrong. Not because someone predicted it right once, they are correct in their following prediction.

Thats what it called speculation, so you only speculate by the behaviour of the bitcoin in the past month or the past year because mostly of what happen before with the same graph like what he presented is that the price goes up after. Now it is not guaranteed it is just we guessing it then if we are lucky enough then we are really good and get our profit. But as my self i do speculate so that i do have a positive thinking and not thinking those loss like this day because it really hurts.

[wuvdoll]

I believe we are witnessing capitulation and the bears have the control now, and it might be followed by another long movement of nothing for two years until the next halving. Kwukduck might be right in his $3,500 target to buy back after all. Hahaha.

Why do bears always lower prices? Everything has limits. It seems to me that the decline in prices to 5900 dollars is a temporary phenomenon. Bears test their strength and calculate the economic effect of further price reduction. In the end, the death of bitcoin is not beneficial to anyone. Bears want to give the steering wheel to the bulls but they don't want to take it and it can be a problem for everyone.

Because bears care less what you think or how anyone wants to perceive the market in the long term. Their mission is to shake out enough weak hands, make enough from it and then rinse and repeat the process.

This will not be bitcoin's death since the value upward was obviously a FOMO issue and it was not as a result of real demand, at the end when the market recovers and set new ATH, all these would only end up becoming another history. $5000 is my bet in the short term towards the end of June with some little recovery at the beginning of next month before continuing lower.

[traderethereum]

although bitcoin price will get down in July/August, I am not too worry about this because as far as I remember, in July/August last year, the altcoin is getting an increase so high so no matter if bitcoin is down, we can get another profit from altcoin. and after the altcoin gets a party, then it's the time for bitcoin to show the power to increase because, in the last year, bitcoin start to increase after September and still increase until at the end of the year. so maybe it will repeat like this in this year.

Problem with this year is that every coin has huge resistance, because of mass growth in late 2017. Which certainly means that it wont happen again that fast, as coins needs to reach new aths with extreme resistance. That's why i don't expect bitcoin to reach 20k this year, maybe more like 10-15k max if we get very very luckey.

The only way for bitcoin to grow again is for world mass media to report on it, like it happened  in late 2017 the mass media was constantly reporting on bitcoin new ath price...

I think that the price in 2017 is too fast to increase and makes the mass media reporting about bitcoin on everywhere and somehow, this makes many people come to bitcoin because they want to make huge money too. and with the price now which is reach $6xxx, I am not sure that we can see $20k in this year and maybe like you said, we are going to see bitcoin price increase again but now, it will at the $10-$15k level of the price. we need more power to make bitcoin increase more than $20k and now, people seem to be afraid and not confident to invest their money in bitcoin.

still, we have a few months before the end of this year and we can see what will happen at the end of this year. maybe the price will increase higher and break our prediction because people still want to make huge money from bitcoin and will push the price to increase higher.

[Script3d]

although bitcoin price will get down in July/August, I am not too worry about this because as far as I remember, in July/August last year, the altcoin is getting an increase so high so no matter if bitcoin is down, we can get another profit from altcoin. and after the altcoin gets a party, then it's the time for bitcoin to show the power to increase because, in the last year, bitcoin start to increase after September and still increase until at the end of the year. so maybe it will repeat like this in this year.

Problem with this year is that every coin has huge resistance, because of mass growth in late 2017. Which certainly means that it wont happen again that fast, as coins needs to reach new aths with extreme resistance. That's why i don't expect bitcoin to reach 20k this year, maybe more like 10-15k max if we get very very luckey.

The only way for bitcoin to grow again is for world mass media to report on it, like it happened  in late 2017 the mass media was constantly reporting on bitcoin new ath price...

I think that the price in 2017 is too fast to increase and makes the mass media reporting about bitcoin on everywhere and somehow, this makes many people come to bitcoin because they want to make huge money too. and with the price now which is reach $6xxx, I am not sure that we can see $20k in this year and maybe like you said, we are going to see bitcoin price increase again but now, it will at the $10-$15k level of the price. we need more power to make bitcoin increase more than $20k and now, people seem to be afraid and not confident to invest their money in bitcoin.

still, we have a few months before the end of this year and we can see what will happen at the end of this year. maybe the price will increase higher and break our prediction because people still want to make huge money from bitcoin and will push the price to increase higher.

there was no correction happening when the price is surging to 20k then a huge correction happened. to be honest i would want to see bitcoin grow in a healthy way because i dont want to see a huge crash again. this bull market separates the weak hands and the hodlers, the hodlers will win in the long run. that would be good to remove those type of investors.

[matchi2011]

If that's what you believe then fine, everyone is entitled to their own opinion. Not all prediction is right and not all we are expecting were going to happen. Everyone might be right and wrong. Not because someone predicted it right once, they are correct in their following prediction.

Thats what it called speculation, so you only speculate by the behaviour of the bitcoin in the past month or the past year because mostly of what happen before with the same graph like what he presented is that the price goes up after. Now it is not guaranteed it is just we guessing it then if we are lucky enough then we are really good and get our profit. But as my self i do speculate so that i do have a positive thinking and not thinking those loss like this day because it really hurts.

Correct and we need not to forget that whales are just playing around, what we anticipated to happen is not what the end results, so even there's a same movements coming from the graph last month/year there's still no assurance that same thing will happen again, it can be a trapped from those manipulators they are just doing the same pattern to grab more money out from this business.

[gabmen]

If that's what you believe then fine, everyone is entitled to their own opinion. Not all prediction is right and not all we are expecting were going to happen. Everyone might be right and wrong. Not because someone predicted it right once, they are correct in their following prediction.

Thats what it called speculation, so you only speculate by the behaviour of the bitcoin in the past month or the past year because mostly of what happen before with the same graph like what he presented is that the price goes up after. Now it is not guaranteed it is just we guessing it then if we are lucky enough then we are really good and get our profit. But as my self i do speculate so that i do have a positive thinking and not thinking those loss like this day because it really hurts.

Correct and we need not to forget that whales are just playing around, what we anticipated to happen is not what the end results, so even there's a same movements coming from the graph last month/year there's still no assurance that same thing will happen again, it can be a trapped from those manipulators they are just doing the same pattern to grab more money out from this business.

I've seen several chart analysis today with different predictions lol. Which of these are we to believe in? This goes to show that in a market like this, anyone can make speculations and do their own ta's  but how it will really play out is nothing anyone can foresee.

[lumeire]

It's a cycle all right, the question now is when's the next cycle's coming up. Basing from the recent trends, I assume it's still not on the horizon.

[BrewMaster]

although bitcoin price will get down in July/August, I am not too worry about this because as far as I remember, in July/August last year, the altcoin is getting an increase so high so no matter if bitcoin is down, we can get another profit from altcoin. and after the altcoin gets a party, then it's the time for bitcoin to show the power to increase because, in the last year, bitcoin start to increase after September and still increase until at the end of the year. so maybe it will repeat like this in this year.

Problem with this year is that every coin has huge resistance, because of mass growth in late 2017. Which certainly means that it wont happen again that fast, as coins needs to reach new aths with extreme resistance. That's why i don't expect bitcoin to reach 20k this year, maybe more like 10-15k max if we get very very luckey.

The only way for bitcoin to grow again is for world mass media to report on it, like it happened  in late 2017 the mass media was constantly reporting on bitcoin new ath price...

you should not even compare bitcoin with other altcoins.
their resistances are very different.  when bitcoin has a resistance it is because when all things are said and done it still has usages as a currency apart from being a speculation tool. but when it comes to altcoins the reason why they have resistance is because some bag holders think just because bitcoin has gone up from 0 to 20k their shitcoin can also do the same!

rising has little to do with the resistance too. we may see a reversal just because some fresh money comes in after some big news and price can shoot up to $20k (i don't think it is going to happen but just pointing out that resistance has nothing to do with it).

[removebeforeflight]

Agree. I have done some observations and validations on the price chart and what you said was correct for this year and I think Bitcoin would see another major dip this year before raising high. As you said September/October is not a bear market and I think within July Bitcoin would see a drastic dip and the price would be coming down to $5500 or less than that.

[el kaka22]

I believe we are witnessing capitulation and the bears have the control now, and it might be followed by another long movement of nothing for two years until the next halving. Kwukduck might be right in his $3,500 target to buy back after all. Hahaha.

Kwukduck has always been bearish all his life anyway but seems this prediction would come to fruition as things are going! I would not be surprised that around $5000 is when we are going to be having some little bounce and that would actually help the general altcoin market as well during this time in their pump and dump spree and a lot of them hitting new ATH.

The market for bitcoin will still go a lot lower than it is right now and I am sure looking forward to play around with that and buy more at the dip. However, asides comparing previous years, this was imminent anyway.

[Taki]

I count its worthless to make such kind of predictions on the base of previous years. Bitcoin is totally unpredictable and every day the situation can move frown feet to head. But in this current situation I rather believe you and your prediction than some other previous topic which is promising 15000$ in July.

[magneto]

Why do you think that there will be a bull rally for July/August? That's what I don't get.

I agree with you on the fact that we may be seeing a lower bottom soon, though. I honestly don't think it's due to any seasonal changes if it does happen, but rather, it's due to the fact that $6.7k support was already broken and doesn't seem likely that it'll hold up for a prolonged period of time.

I'm still quite bearish right now, and I think that there is still room for BTC to move downwards. But I do think that if prices crash under $6k which I think it will partly due to panic sellers, it's a good time to start accumulating.

[Rahar02]

In the last 50 years,on average the June/september/october are the worst months. And are very bearish.

WHen bitcoin fell down below 6500 i confirmed that we may be following seasonal pattern, which means we could see a pump around july/august. But the lowest all time bitcoin will be around september/october.

So i put a bet on around 4500-5000 for these months.

Bitcoin doesn't follow the seasonal pattern in this year, the chart almost completely different until today as the price keeps declining since February and no sign to rise anytime soon. Bitcoin price affected by many factors but news contribute to influence people, whether there are so many bad news or good news around will trigger buy and sell in the market. If there are some new development and acceptance, the price will increase soon and vice verse, we can predict the market by keep watching the latest news even though it's not 100% accurate. Can't say the price will rise or fall again, just let the market bearish or bullish in the time frame.

[Morgann]

I count its worthless to make such kind of predictions on the base of previous years. Bitcoin is totally unpredictable and every day the situation can move frown feet to head. But in this current situation I rather believe you and your prediction than some other previous topic which is promising 15000$ in July.

I do not think that the market price will go down to $4k dollars because most of the people today are still investing a huge amount and they are expecting for the price of bitcoins to go back at $20k dollars or surpass it.

[vladimir21]

Why do you think that there will be a bull rally for July/August? That's what I don't get.

I agree with you on the fact that we may be seeing a lower bottom soon, though. I honestly don't think it's due to any seasonal changes if it does happen, but rather, it's due to the fact that $6.7k support was already broken and doesn't seem likely that it'll hold up for a prolonged period of time.

I'm still quite bearish right now, and I think that there is still room for BTC to move downwards. But I do think that if prices crash under $6k which I think it will partly due to panic sellers, it's a good time to start accumulating.

Im not saying a bull rally, i'm saying a small pump from its lowest point. Because july/august are positive months according to 50 year average stock market pattern. Bitcoin pattern is close to stock pattern.

[javadsalehi]

I count its worthless to make such kind of predictions on the base of previous years. Bitcoin is totally unpredictable and every day the situation can move frown feet to head. But in this current situation I rather believe you and your prediction than some other previous topic which is promising 15000$ in July.

I do not think that the market price will go down to $4k dollars because most of the people today are still investing a huge amount and they are expecting for the price of bitcoins to go back at $20k dollars or surpass it.

Everything is possible. I had read several similar comments when the price was 16000 , 14000 , 12000....  And now 6000. But I think this price fall will finally stop and the price rise will start.

[tabas]

So that speculation can be of possibility. Bitcoin hits $5,800 again now and there's a pattern that it will go lower.

Everything is possible. I had read several similar comments when the price was 16000 , 14000 , 12000....  And now 6000. But I think this price fall will finally stop and the price rise will start.

More than that speculations and now we are near to $5,700.

[nguli]

everything in the world of cryptocurrency is all likely to happen even bitcoin could have the possibility of returning to the price of $ 10 again and maybe even maybe bitcoin has no more price.

[Altcoins enthusiast]

I think bitcoin is heading toward $5500 as it breaks $5850 level this morning.  This weekend maybe very bloody as trading pattern is actually heading down.  I think we can actually take this opportunity to buy now and makes some profits in future.  Bitcoin and others cryptocurrencies going down is good for new investors to come into this market.

[JohnWick_Bitcoin]

I count its worthless to make such kind of predictions on the base of previous years. Bitcoin is totally unpredictable and every day the situation can move frown feet to head. But in this current situation I rather believe you and your prediction than some other previous topic which is promising 15000$ in July.

I agree that it could happen because the market price today is already down to $5k dollars but the market is volatile so there is still a huge chance for bitcoins to grow in the future since the market price will be still depending on the peoples demand.

[vladimir21]

I think most people/companies etc. will buy back massively around 5k. The market is still very uncertain and the bears like us still dominate the market according to statistics.

[tabas]

I think most people/companies etc. will buy back massively around 5k. The market is still very uncertain and the bears like us still dominate the market according to statistics.

$5,900 is still uncertain and like the other times when its price got stuck with these $x,900's. They are too patient to wait for $5,000.

[vladimir21]

And here again i've predicted bitcoin price with ease, most succesfull adolecent investor in my city.