Will bitcoin fall down to 5K this month?

[bitcoin31]

I don't think bitcoin down to 5k dollars because that is the barrier of the bitcoin price. That once price decrease 6k below they will up again. I hope everyone will participating on that so we can see the price of the bitcoin become very high.

[farland7]

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)

I just looked at the graphs. It's hard to believe what this crypto has been through. I don't believe that it will fall below $5000, but even if it will, there's nothing stopping it from climbing up again.

[UNOE]

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.

I am hope that your prediction is correct. But I would not be surprised if price of Bitcoin fall down to 5k this month.
Bitcoin already tested 5.8-6k levels three times this year, and it is pretty high probability for price of Bitcoin to go bellow that levels.

[meldrio1]

I think no because in the past months bitcoin is trying fall down to $5,000 it seems they don't like to fall down to $5,000, but this month not gonna happen it will increase for sure.

[Paul Pogba]

This month is the answer, if the market hasn't recovered then I'm sure and optimistic that the price of bitcoin will immediately drop below $ 5,000, but if this month the price can be above $ 6500 then I'm sure that prices can continue to rise to $ 7500.

[Shinpako09]

I'm keeping my faith that it won't go as low as $5k with this fall. Although I sense that we're going to it. Hope I am wrong because if that thing happen, maybe lower than that is possible now. But if the price can sustain not to go down at $5k, then i'm confident we are really strong above $5k.

[jefcasidy]

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

it is very possible for bitcoin to hit 5k low, currently the support level still stand at 6k and it's $6150 per bitcoin which is almost down to 5k so it's possible we might see bitcoin down to 5k by end of this week. 

[withlove99]

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

I don't think price BTC will lower $5000, according to what I analyze and find out information BTC can down about $5200 is the lowest value, but all is just predicted, because no one knows before market

[kendedese]

in my opinion it won't happen this month, but I don't know whether next month the price of bitcoin will touch the price of 5k. The bear market still continues and there are still many possibilities that can occur.

[Dr.Osh]

in my opinion it won't happen this month, but I don't know whether next month the price of bitcoin will touch the price of 5k. The bear market still continues and there are still many possibilities that can occur.

I hope that this does not happen, but it seems, I see the price of bitcoin on the coinmarketcap site had decreased to reach $ 5k. well, indeed the price of bitcoin is really close to that price, but I hope the worst decline in bitcoin prices will only occur this year.

[Baoo]

Honestly, it is very hard to expect what will happen to Bitcoin especially in the near future.  Unfortunately, in this year there were many bad surprises and not even unexpected and the market always crisis. Otherwise,  IMO Bitcoin will fall to less than 5000 usd and maybe 4000 usd, but after that I expect that there  will big a fastly jump on the market, and Bitcoin will increase to 8K usd ( I think that my prediction will happen after 2 months ) .
Furthermore, we believe always in Bitcoin despite that there are many attacks from some enemies and the continuous  manipulation from the whales. Hopefully   that in the future there will be a good surprises in Bitcoin .

[the1arty]

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

Do not forget if we drop below $100bn than futures market will close, right? There are so many predictions, like btc will go to $3500 and McAfee still says it will be $1m by the end of 2020. In the short term, anything can happen, but most people are here for the long term likely, especially if you entered the market in 2017.

[idex100]

no, bitcoin is not likely to go down as low as 5000 $, more more likely thing is that the dominance will increase further, draining altcoins instead of a dip

[Btchunter3333]

No. Will not fall to 5000$. I think is better buy this month bitcoin as the price is still low and will grow next month after ETF approved.

[batang_bitcoin]

Can't remove the chance and it's possible.

But as long a it remain strong at $6,000 until August 20, it's unlikely.

And September is also coming as we've known that the decisions of ETF can be another thrilling action for the market.

[entrepmind23]

Can't remove the chance and it's possible.

But as long a it remain strong at $6,000 until August 20, it's unlikely.

And September is also coming as we've known that the decisions of ETF can be another thrilling action for the market.

Seeing how it drops down below $6k below yesterday and drops like there are no buyers for some time, it is really possible that $5k would be reach sooner or later. But then when we think about the most anticipated news as of the moment which is the Exchange Traded Fund then there may be a possibility for it to shoot up again especially if it is a good news. For now, let's hope for the best because many are getting frustrated of the market and losing their patience.

I would like to ask what's with August 20 why it's unlikely to drop when it has retained its support?

[BigTeeths]

I'm pretty sure that it is going down to that value. The FUDs plus the  SEC delayed decision plus the dwindling of the marketcap is just perfect to push bitcoin a little bit more to the bottom. I really hope that the same miracle would happen just like when bitcoin was $1k last year and then it rushed all the way up just like magic.

[mkhadazz]

in my opinion on cryptocurrency, all possibilities can occur and maybe the price of bitcoin can fall to more than $ 5k, even the worst possibility that bitcoin can return to the price of $ 2k. remember all possibilities can occur in cryptocurrency.

[Aivengo111]

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

I think it can go as low as $5000 and remain unstable for 5-10 years. I don't see it going below $5000 though. Some experts are still positive it will recover and reach $10000 by the end of the year.

[tosmartak]

I'm pretty sure that it is going down to that value. The FUDs plus the  SEC delayed decision plus the dwindling of the marketcap is just perfect to push bitcoin a little bit more to the bottom. I really hope that the same miracle would happen just like when bitcoin was $1k last year and then it rushed all the way up just like magic.

I would not be surprised either. Before that though, we may end up seeing some move towards $6700 or thereabout and the only thing that will change that this month is to see it go above $7k somehow, which might change the sentiments in the market. However, for now, the possibilities of the $5k is still intact and if care is not taken and we end up breaking that support, then we may go down as much as $3k. That would be some good time to refuel anyway.