Will bitcoin fall down to 5K this month?

[Daisy_sta]

Chances are high, what do you think about this folks?

[covfefe_]

I don't think that it would fall below 5K as it has not gone below 5k in last 10 months and for last five months, it has maintained a price between 5.5K and 9.5K.
In my opinion bitcoin is in a stable phase and is preparing to have another bull run.

[Nidhi Bhatia]

Joke of the day. It will never be happen in future. According to me, Bitcoin maintain its level and never go down below 5k. by and by it will increase to 10k or more but never go down to 5k.

[d57heinz]

Chances are high, what do you think about this folks?

As more and more mining machines are released with efficiency upgrades the price should continue to fall. As the cost to mine decreases.  Ideal system wouldn’t be profitable only break even when your worrying about costs of transactions.  

Honestly with the way things are going I’d like to see it dip down below levels that which the huge farms aren’t profitable. I’m seeing this is going to come into play in the near future.  Avalon has built mining heaters and tv. So you get something out of the waste I guess lol. Just adds to what your already burning but that’s not the point.  Point is they expect it to drop below the levels of which it will be profitable for most to mine at large scale.  This leading the vision of creating tv and heater so that at least you get something out of your door stopper.  I’d be very careful.  Maybe look to other investing ventures.  This one to me is looking washed up as far as you getting rich.  Maybe little late. But anyway your left to make your own decisions.  What do I know.

BR

[coolon]

Chances are high, what do you think about this folks?

yes chances are high to fall to this level. And all analysts predict a fall. But how will I not know, maybe there will not be a big fall or will be.

[Westinhome]

Chances are high, what do you think about this folks?

As for now it will gonna go dump in this month.
But it will started again in this year of september so think positive always and hold of your bitcoin as of now.

[blackhawkeye1912]

I don't think so. $6,000 might the lowest before it makes a great climb entering the bull market period. Following the same pattern last year.

Great time for long term investment. Time to buy your bitcoins now.

[Ezotikk]

6000-6100 very strong support line is at bitcoin, it will be extremely difficult to break this line

[teterinal]

I think the price will just float within the 6k mark. It's really saddening that the price decreased again in just weeks. Let's just hope it won't drop down that low and just be patient and see what can happen.

[Benarand]

I think that the fall to 5k $ is also likely, as well as the growth to 10-12k $ now. In favor of the decline is the fact that the market has not yet had time to test this level from above. And in case of negative on ETF, it is quite possible to implement the scenario of the fall. At the same time, many people wishing to buy a cryptocurrency, therefore, it is possible to grow up to 10k or even 15k. Above is already unlikely, since fundamental growth factors are not enough. Cryptocurrency is still a speculative instrument.

[Lilmon]

It remains to be seen what will happen to to BTC and the crypto market in the long run, nothing can be predicted especially when it comes to the direction the market will go, but there re hopes that the coin will not fall further than it has already. BTC iis a strong and valuable coin that has gone through a lot already, it will get over this

[BitindaHouse]

The last 8 months of bitcoin is not sweet, but below 5k will not fall for the simple reason that whales will not allow, and I believe in it unlimitedly)) and let's look at the graphs of the past and pray)

[Adel jamal]

It chance to get bitcoin it will be rise  my advise buy bitcoin

[Ekosistim]

i think it couldhappen this month, but maybe never less than 5k$, maybe around 5.100$ the lowest point will hit this year.

[shiming]

Oh, it has fallen a lot today. I don’t know when it’s going to the bottom. It’s estimated that many people’s confidence has begun to waver. I don't know when I can get out of this market. I look forward to getting out of this market as soon as possible.

[Eclipse2021]

I do not know to be honest as the markets are so hard to predict right now but one thing is certain, bitcoin did not hit the bottom so bottom incoming? What are your opinions guys?

[tillerthekiller]

I've denied and rejected that is was possible until this morning. I think we will slowly slide to 5k before we recover. Many alts will probably perish in the process which could be a good thing in the long run.

[xmasdobo]

I left the forum because of high stress from threads like this. Best thing I did! I no longer worry about the price crashing. Just sit through it, grass is greener on the other side.

[Starfranko]

I think if there is anything reasonable I have learnt these past months with the trends in the crypto-currencies market it is that anything is possible. The market can go up and it can come down depending on the intervening market factors.five thousand price point is a possibility

[CrimsonGT]

Earlier I thought we were on upfront trend after green color in July, but the current situation makes me think we should be ready for everything, even for $5000.