4900 by late August

[Daniel.simon]

My 5900 late June prediction was spot on since we hit 5766 as well. Now my new prediction is 4900 by late August.
I am perfectly aware that we may hit lower than 4900 by late August and even much faster as well, however I am just optimistic and I give you a moderate prediction.
If we hit 3900 that would be big trouble for everyone since then we can prepare for a multi year, prolonged bear market.
What is my proof for this predicition?
First of all the market sentiment.
Market is waiting for this sort of price. Also the volume is just weak at 6117.
It is no point to buy or sell at this price level.
Call me noob, however I am 99.99% sure about my prediction. Simply we didn't hit our true bottom. There isn't any bull reversal yet. Once we hit our true bottom there will be a strong bull reversal plus fomo and a huge bull run.
Enjoy your moves and good luck.
Regards
Daniel Simon

[cydrix]

Hmm yeah it's possible we don't know how much bitcoin will manage through this year so I'm in no place to judge it quickly since I'm no fortune-teller. All I can say that it's possible but it may have some major setbacks from the looks of it like from the past two year it shows similar vission lol.

[bitcoin31]

The price of the bitcoin is not stable as of now because if we can see the price they decrease and they increase. But we don't know what exact or spcific value of the bitcoin before end of the month or august or any months . We only predict the possible to happen.

[Fuhre]

this instability makes the bitcoin even more unique with its fluctuated base value. the price issue is now a hot conversation lately in the bitcointalk forum. many users who already cast predictions but not a few also missed. maybe you think the price will reach the number you mean at the end of August, but according to me personally, at the end of August, the price will rise slightly higher before the crash back in next October.

[Johnyz]

Yeah its possible, but being optimist doesn't think like this. I'm optimist that this price will not hit by late of August, because I know the market will start to move upward again. Yes, there still possibilities that we didn't hit the bottom yet, but no matter what the price would be, bitcoin will still be great.

[1Referee]

It's a fair prediction. At that point it will be very interesting to see how the miners will respond, because till now all difficulty jumps hinted at miners being perfectly okay with the 'lower' prices. If we see a stagnation in difficulty jumps, or even a slight decrease, we know that miners are starting to get nervous. Right now the next difficulty adjustment is still +10% which is good so far, but we have a few days left before the actual adjustment kicks in.

I will prepare one major buy order once the miners are no longer signalling confidence, and that's probably when we are near the bottom.

Yes, it's still pure speculation, but at least I stick to my plan and won't regret anything afterwards.

[BillyBobZorton]

If $4900 breaks and digs dipper, we may indeed see a long term bear market, but nonetheless, as far as im concerned, this is a positive, as we'll get to accumulate bitcoin monthly with our wages, while idiots ponder again about why would anyone want to buy bitcoin "now that it is dead".

Get your fiat ready, we may be up for a great sale-off in which smart money will be able to attain respectable long term positions even if you are coming from a 0 BTC position. Just keep buying monthly and you'll be rich in the next decade. No excuses later by these that do not .

[dothebeats]

It's a fair prediction. At that point it will be very interesting to see how the miners will respond, because till now all difficulty jumps hinted at miners being perfectly okay with the 'lower' prices. If we see a stagnation in difficulty jumps, or even a slight decrease, we know that miners are starting to get nervous. Right now the next difficulty adjustment is still +10% which is good so far, but we have a few days left before the actual adjustment kicks in.

I will prepare one major buy order once the miners are no longer signalling confidence, and that's probably when we are near the bottom.

Yes, it's still pure speculation, but at least I stick to my plan and won't regret anything afterwards.

I share the sentiment. Even I thinks that the last stronghold of the current price are the miners, seeing that the difficulty and the hash rate is continuously going up despite the beatings the price had received within the past few weeks. They will be the ultimate jury whether they're still okay with the current price or whether they'll pull out their assets. But from the looks of it, it seems that they are still confident with the price and can still make a profit despite the redness of the market. Once the miners shut down their machines for some time, I wonder what the bottom of this bear market will be? $4000 seems to be very likely but lower than that is pure carnage.

[Pursuer]

yes it may happen and it may even go lower but the problem is the volume is pretty weak as you have already observed yourself and that in my opinion shows the fact that traders have left the market and they are staying away from it because it has become unpredictable for them (thanks to the manipulation of course). that leaves mostly whales themselves so they have to sell to their own orders if they want to crash the market any further and you don't make any profit that way because there is no more bitcoins left in the market to be sold to you so that you (as a whale) can buy more cheap coins and make profit.

[Theb]

Call me noob, however I am 99.99% sure about my prediction. Simply we didn't hit our true bottom. There isn't any bull reversal yet. Once we hit our true bottom there will be a strong bull reversal plus fomo and a huge bull run.

Can you try to make us understand what for you or what amount is "true bottom"? As if I am reading it right you said that your prediction of 5,900 in late June is correct since it hit 5,766$ and now it is back above 6,130$, so I am confused what price point do you expect for Bitcoin to be its "true bottom"? And please explain why is that the true bottom. Volume being weak is also not a factor for prices to go down, sometimes when price are consolidating you won't really see any kind of major movement in the volume. I'll even worry more if prices are consolidating and the volume is rising, as that means there is a potential bull trap in the making.

[shield132]

Your opinion is more logical for me compared to others who are claiming that bitcoin will be 10000$ and a lot by the end of august.
Guys last summer bitcoin's price was very low compared to current price. Also as you see, in winter there was just an epic on bitcoin, now everything seems stable. Is there any need for 10K and more? No because there is not so much demand.

[mahilchii]

May be you are right but I predict the down line will be around $4000  to $4500 as per my prediction. The price of Bitcoin will be hit in the ground not in August but in July itself I think. But don't worry for that since crypto market is always volatile and Bitcoin rice will shoot up again very fast and touch $10000 easily after August.

[YuginKadoya]

I really think all is really agreeing that by the Month of August we will see a definite drop in the price of bitcoin and it is a positive thing to say because of the sudden down pour and it is really a bear market and a long run as we speak, But this bear market is a given thing, Many had speculate that the $7000 mark value is the floor for bitcoin, But if something terrible happen to the market just like what happens regarding the hacker thing the market begins to drop continuously and then speculators now saying that we will see a deeper dip from the price of bitcoin, I don't really want to believe it but it is really happening now and in my opinion it is still best to buy when the price is cheap.

[timerland]

I agree with the fact that we're going to see most likely bitcoin correcting lower, before prices are able to stabilise and start to recover finally. I don't think that $6k is the true bottom, because if you look at previous bitcoin bear markets, bitcoin usually only retains 20% of its peak value when it bottoms.

Right now, we're still not going to see any bullish movement in the coming months. There are simply no trend reversals possible right now imo with the level of bearishness within the market. The bottom should in my opinion should be somewhere around $3-4k.

We may see further dips as a result in the next 2 months, in fact I expect that to be the case. I think that your prediction is reasonable, although not guaranteed. Market volatility is going to low for certain though, along with periodic dips until we're close to the bottom which I don't think we are yet.

[batang_bitcoin]

Like everyone here, we have the same prediction that something can go lower than at it is now. $4,900 may be the true bottom but who knows if hits lower than that, it will be tagged as danger zone by some.
About August, yours and this guys prediction on that month contradicts. (Bitcoin will probably reach 4500-5000, following seasonality pattern.)

It is no point to buy or sell at this price level.

The market speaks itself and this is absolutely true.

[el kaka22]

You have actually made some interesting and a very moderate prediction and a very reasonable one, so I applaud you for that. Truly, the current bear market is not out yet, but I am looking forward to see how early July is actually going to be playing out.

With the volume dropping on the sell side, and nothing serious about any reversal yet, we may actually end up seeing the possibility of $4900 very soon, with the likelihood of a quick reversal which I presume will be for the short term and nothing so special but at least will still give us some breathing space to play with the market before we see the last leg of possible bear phase which could set us as low as $3000 before the year runs out and possible consolidation from there.

[rizkyhiw]

My 5900 late June prediction was spot on since we hit 5766 as well. Now my new prediction is 4900 by late August.
I am perfectly aware that we may hit lower than 4900 by late August and even much faster as well, however I am just optimistic and I give you a moderate prediction.
If we hit 3900 that would be big trouble for everyone since then we can prepare for a multi year, prolonged bear market.
What is my proof for this predicition?
First of all the market sentiment.
Market is waiting for this sort of price. Also the volume is just weak at 6117.
It is no point to buy or sell at this price level.
Call me noob, however I am 99.99% sure about my prediction. Simply we didn't hit our true bottom. There isn't any bull reversal yet. Once we hit our true bottom there will be a strong bull reversal plus fomo and a huge bull run.
Enjoy your moves and good luck.
Regards
Daniel Simon

With so many saying that the increase will soon return at this fast time, but I am sure it will not happen for now, where there is still a lot of fear someone to buy more from now, maybe after going down will be a bigger panic than yesterday , then this is not the time for someone to pump back, people tend to wait for this at a fairly cheap price, that's quite sensible in the current market journey, do not waste all the money you have.

[Adriano2010]

I not think bitcoin will be 4900 on August 2018. My prediction will be 7000$ in August 2018. We will wait and see after 1 month +.

[Sony.UK]

I am researching the Crypto future this year every month some fluctuation is possible in Crypto market. But August we should expect near 10k USD because some positive feeds also comes in July. This will be reflected in August month may be more than 10k USD also possible but surely it will never hit the 4900 USD.

[rickadone]

Hmm yeah it's possible we don't know how much bitcoin will manage through this year so I'm in no place to judge it quickly since I'm no fortune-teller. All I can say that it's possible but it may have some major setbacks from the looks of it like from the past two year it shows similar vission lol.

Well, we can actually say this is getting similar to what we encountered around 2014, but it is still too early to start judging. For me, the trend has always been my friend, and OP is right with the volume so far which shows the bear phase is still on and the bulls are not even close to giving the market a boost yet.

I am actually looking forward to $4900 - $5000 anytime soon and the likelihood of a reversal based on how the bull kicks in anyway. July may be some good period for the altcoin market, but just a small move for the bitcoin market but as we all know, we can all end up being wrong since this is the market, but realistically, this is one possibility I see playing out.