Bottom of BTC descending channel is 3000$?

[Kavallo]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

[1715675071]

1715675071

[1715675071]

1715675071

[vlad230]

If you ask me a lot of stuff about bitcoin's evolution is illogical nowadays.

I don't think it wil fall under 5k this year as this level was tested across the year and nothing happened, it always bounced back.

I would buy BTC at this level anyday. Also, once the big players will be able to trade BTC, I would see a big spike in it's evolution.

[sedahan13]

Price of Bitcoin is very volatility but in my opinion is very small probability the price will going down to $3000, because by looking to weekly time frame of history Bitcoin price , Bitcoin did going down only by maximum 90% and this happening in 2013, and currently Bitcoin price already dropped more than 70%, so in my prediction $5500 will become support level of BTC, and from this level will going up again.

[Tytanowy Janusz]

I dont see any logical explanation on painting few line on chart and predict few months further. There is MTgox case to be solved, ETF case, Lightning network developement, regulations etc. etc. Any of this events will affect price 10 times more than line on chart.
For now on i can see that there are more and more buyers on btc and price will recover at liest to 7,5k. Then ill see if there are dumpers Than ill see if there are buyers etc. I will look on the environment (recent news and its influence on market - if good news dont affect price means that someone big dumps coins on news-fomo demand or investors are to scared to put money in for that news - bad time to buy even if we are on strong support or in cosmic triangle of red power). Looking on lines and cosmic formatcions from them and predict price for next 4 months its like lookng into tea dregs and predict weather. You can be right once, twice in a row and become hero of tradingview but after 100 predictions you will be 50% right just like coin toss beacause only TA lovers buys on TA indicators and its only demand that they rely on. It means that only person who paint those line exacly like this guy will w8 for 3000 to happend to buy there. Any other investor will buy in other place. You really think that those few investors will stop price there? Whales dont use AT or use it to know where supply and demand from TA lovers will appear to rape them without lube.

I will not paint stupid triangles. I will think. If price is hitting support 4th time and bounce less each time it means that slowly we are getting out of buyers on these levels. Simply those who want to buy at 6k range already bought it on february, april or june. There are less and less of them and their confidance is lower and lower beacuse bounce is lower. Probably only TA lovers are buying on this support (those of them who bealive in supprots more than triangles xd). It means that they will probably set stoploss around 5500 and if price will cross it it will dump more (then we will see long squeez etc. and 4,5k range is possible if huge demand wont appear from whales). Of course it looks like this currently. Any huge news can change it drasticly. And i dont need stupid triangles to predict price.

Even painting lines is in my opinion inadequate to predict btc price beacuse in 90% times BTC is acting more parabolic than linear.

[drmasa]

I dont see any logical explanation on painting few line on chart and predict few months further.

I agree with you. And I also think that just one good or bad news can spike the price a lot % up and down! Cryptocurrency market is too volatile to be calculated with technical analysis!

[bitbunnny]

In theory there is no lowest bottom price, it could be any at all. But in practice, this time I don't think that Bitcoin will go that low, I don't see no circumstances that could lead to such scenario.
Current correction is quite expected and normal and I don't see the reasons to panic and to predict such low price.
To my opinion if price continue to go down it will not go under 5500$.

[Dhanems]

Hmmm if ever the bitcoin price will falling down to $3000 then it's time to buy more and I wait that price lol😂coz i believed no one can stop the Bitcoin

[Gaaara]

The lowest possible is $1 or under, there is always a possibility but as long as market is confident in its current value it can never be less than the current. I actually think that bitcoin can even go lower than $2k but of course I am not wishing it nevertheless the possibility is still there the better question to answer is when, when will it go down or when will it go up.

[peter0425]

Interesting view, if we are going to hit $3K this year, then I consider it the last bottom of the year and it could trigger a reversal. However, bitcoin support at $6K is still strong and we even see a good recovery in the last 24 hours, pushing the price to almost $6500. The good thing though for that $3K prediction, is that its another perfect opportunity for everyone to jump in. So let's see if we can really hit that bottom or not, because by the looks of the current trend, we won't see a decline < $5K.

[LuciferEveningStar]

Hmmm if ever the bitcoin price will falling down to $3000 then it's time to buy more and I wait that price lol😂coz i believed no one can stop the Bitcoin

Yes you are right, every time the market prices are falling, you should invest even more because in this way you can earn more profit when the price in the market increase again.

[denisaardelean]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

I think it's possible that the bitcoin price will be even worse. According to my analysis, the bitcoin price could fall to $ 2,000 by the end of 2018. The market is bearish in the long run so anything can happen to a bottomless market like the current time. So I believe that this time you should only short-term investment.

[electron-coin]

To predict the price of bitcoin in recent times is very difficult . I think that the $ 3,000 mark is too low, but still possible. We saw how the transfer of the consideration of ETF-bitcoin influenced the price. Therefore, if in September the decision is negative or again will be postponed, then the effect from this can be overwhelming. Of course I would like to believe that the community will not let the price drop so low. I think that for $ 5,000 (or even higher) there will be so many people who want to buy bitcoin, that its rate will begin to grow rapidly.

[SUDARMONO]

currently the price of bitcoin does have a deep decline, but I don't think bitcoin prices will touch the $ 3000 price, and I believe prices will rise again in the near future.

[mostkey]

I don't mind because it's really an opportunity for me to buy more Bitcoin at a very cheap price because investors are waiting for very cheap prices so that in the near future there will be great reflection and the future will be very good unlike now increasing mass adoption every year I believe that, to think about the price of Bitcoin we think that we are just speculating and no one knows for sure how to achieve value for the next, but thinking it won't reach the price of $ 3000 because it is not worth the current demand, maybe in the next few months Bitcoin to pump back the umpteenth time.

[pattley]

I'm in shock we are down this low after being part of the 20k ride last year.  3k won't surprise me one bit.  I'm trying to devise a plan for my last 10 Bitcoin and which altcoins I'm going to get into.  This seems to be a great opportunity to increase your stash if your lucky and skilled. 

[okorocrypto]

He might have a point in this but I don't agree with this. The RSI is entering oversold and this will not linger for long. Hence, I do not see BTC respecting this analysis.

[googs84]

If you ask me a lot of stuff about bitcoin's evolution is illogical nowadays.

I don't think it wil fall under 5k this year as this level was tested across the year and nothing happened, it always bounced back.

I would buy BTC at this level anyday. Also, once the big players will be able to trade BTC, I would see a big spike in it's evolution.

True, it wont fall back below 5K because we are pretty much having that much support walls for bitcoin. Bitcoin's growth is all about its investors base as well as how strong is its support wall. Most of the time whenever crypto or bitcoin itself is dropping heavily then people will start buying on mass scale and this again creates a situation where bitcoin gains its more support and then starts rolling back to higher prices. The 5K pull back cant happen because it is the bottom most of the people think about and start buying instantly out of FOMO investment. So are literally good at this point.

[hurriebra49]

I think this ratio is not a good mindset, Actually I am thinking about this current market situation is only a market trash and it will recover the price of bitcoin in again near in coming days, so keep calm and wait a few days it will recover again but the figure of $3000 is the wrong estimate about Bitcoin price.

[BitHodler]

I'm in shock we are down this low after being part of the 20k ride last year. 

If you're shocked about the decline from $20,000 to $6000 you haven't done any prior research before entering this market. Bitcoin historically corrects with 50-90% after a significant increase in price.

It's normal for this market since the majority of the people use Bitcoin and any other crypto for speculative purposes. It doesn't yet have much other characteristics to rely on granting it some level of stability and solidity.

This seems to be a great opportunity to increase your stash if your lucky and skilled. 

Till the price drops even further and you yet again bought the wrong dip. Crypto is a crazy ass market and has no base value. Today's "low" price of $6500 could be the the next lower high in the long term downtrend pattern.

Only if you can ignore all the lunacy of the short term market and hodl through for a year or two today is a great entry point.

[Reid]

I didnt click the link coz I am hoping this will just be for now.
Or if ever it will really happen then maybe it is a good chance for others to take the ride.

We know a lot of negative reactions also because of the expensive price of bitcoin. If they suddenly jump in then demands could go up again making the price fluctuate so high.

If it happens it wont take long l.

[aoihs00]

I have see this kind of technical analysis all the time in the forum and people have put forth many detailed graphs like that one. I guess these analysis will never work because understand this, "Crypto is many times dependent on fundamentals rather than technical stuff". This is completely different world from the stocks, forex etc. and you can imagine that by seeing how fluctuating the market we are in and how it create versatile graphs each time. No theories can explain properly what is going to come in the future so dont bother yourself with such analysis.

[Pursuer]

no the bottom of the bitcoin descending channels was $6000 which was reached and everything has been over for a while now. although the drama continues and we even see massive dumps (like yesterday) on the market trying to push the price lower below that mark but they all fail and price of bitcoin stays above $6000 with a strong buy support behind it.
we have already bounced off that mark for at least 4 or 5 times now. it can not be broken that easily. it requires some horrifying news or millions of dollars dumped every hour for 1 whole day at least to break it.

[Siminarota]

BTC will never be reduced to that level, it is my experience now BTC is increasing again, is now $ 6300

[minairia3]

This is psychological bottom. But the last support would be the $5900 and if that collapse it would be down to that up to hell. But it won't be deeper than $2k and the support in $3k is significantly great. Who knows what's going to happen after this. A rally for sure.

[cryptic4000]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

If Bitcoin achieves this price, the Cryptocurrency era may end sooner this year and I do not want that to happen this year. If Bitcoin drops to $ 3000, people will definitely leave this market and whales will never let that happen. I believe that Bitcoin prices will increase in September and everyone should be more patient because the ETF is bound to enter the market.

[dsaijz03]

If you ask me a lot of stuff about bitcoin's evolution is illogical nowadays.

I don't think it wil fall under 5k this year as this level was tested across the year and nothing happened, it always bounced back.

I would buy BTC at this level anyday. Also, once the big players will be able to trade BTC, I would see a big spike in it's evolution.

I agree with you. Bitcoin will never fall back below $5k the demand and the whole bitcoin market is always bouncing back after a big roll back of it’s price. This current market of bitcoin is like bull that stomping its feet and ready to run, and it always happen almost every year. As for my investment i’l patiently wait until it go up and reach my set target sell.

[Katewind]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

If Bitcoin achieves this price, the Cryptocurrency era may end sooner this year and I do not want that to happen this year. If Bitcoin drops to $ 3000, people will definitely leave this market and whales will never let that happen. I believe that Bitcoin prices will increase in September and everyone should be more patient because the ETF is bound to enter the market.

yes, it's right . Never be down under 5000$ I'm sure at this time and it's trending to 8000$ or 9000$ in this september .

[diger]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

No analysts are normal!!Everyone says their assumptions ,I can also say bitcoin will be a million tomorrow, but how much is it true ? I am sure the market is ruled by very large and influential people,and they are not one billion will earn on hamsters, waiting !!

[LogitechMouse]

I doubt that this will happen but I am not completely forgetting that fact that this may happen anytime. If this will happen then it will. I think more buyers will step up when the price is at below $6k and more if it will go at $5k. Going to $3k is not impossible but it has a low probability that this will happen.

I think for me, it will not go below $5k and when the SEC accepts the ETF already, it will be the start of the rise of bitcoin and other cryptocurrencies. Just a speculation .

[Tytanowy Janusz]

no the bottom of the bitcoin descending channels was $6000 which was reached and everything has been over for a while now. although the drama continues and we even see massive dumps (like yesterday) on the market trying to push the price lower below that mark but they all fail and price of bitcoin stays above $6000 with a strong buy support behind it.
we have already bounced off that mark for at least 4 or 5 times now. it can not be broken that easily. it requires some horrifying news or millions of dollars dumped every hour for 1 whole day at least to break it.

Hello Pursuer. I Think that this support is not that strong and 1-2 touches more and it will break. Investors willing to buy at those levels already bought and didnt earn anything since february. It makes them less confidence and perhaps most of them has stoploses at 5500 price.



Looks like bitcoin but it is silver in 2012



Thats how it ends - touching support too manny time each time with less confidence and smaller bounce. I think that BTC will dump to 4,5k if noone will stop it with huge capital (oposit to your statement that big capital needs to be put to dump below support) or if big news will appear and save BTC(like ETF case). Dumping below 6k can be also done by finalizing MT GOX case by selling all its BTC (we are close to september where court will decide whats with its coins)

From september 2013 to september 2014 there is also stong support that looks the same but in smaller scale. Weaker bounce every touch and finnaly break.

[hugeblack]

has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on

As you mentioned in your topic, they have predicted that point, it's just guessing that anyone can give a number but it's hard to find true predictions "because of an unstable market" so you do not care about it.

There is no so-called "logical bottom" but "market bottom," it is impossible to predict the price of bitcoin mathematically, the market is determined it by the peaks and bottoms.

The news largely controls the mood of the market, I'm not saying it's impossible to get to that point but the market is far away from the $ 3000 barrier.

Again it's predictions *do not bother it*. "Focus on the news"

[thichtieuthuong]

Only a few days ago, we were discussing bitcoin prices during the uptrend. Now, after a recent rebound, analysts are predicting a major depreciation of the bitcoin. It is unpredictable for the BTC market.'' Bloomberg analyst Mike McGlone believes that the bitcoin will drop to an average of $ 4,000 last year''. For me think the bottom of the BTC will be $ 5000k because in recent times the BTC prices have changed too much and will only be low. Only $ 5000k and BTC only in the price range of over $ 6000k. Maybe this is the lowest price and prepare to grow at a terrible rate.

[audaciousbeing]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

I always enjoy to watch predictions such as this getting shamed in the long run however, there is some good in it in that it tries to prepare peoples mind about what is to come in case it takes a huge deep and you begin to panic. In the spirit of that, I didn't see the price getting to such bottom the worse I see happening is $4000 before an uprising would happen to push it a little bit higher. Currently what the market is seeing is some mindful skepticism of both the buyers and seller in other not to lose out with in profit or incurring enormous loss.

[coinscircle]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

I believe that the bitcoin price can completely fall to the $ 3000 mark and may even be much lower than the market situation at the moment. You can see that the bitcoin price is fluctuating constantly and it is difficult to predict the market is in the dowtrend stage so we can not know when the bitcoin price will be able to decrease, so you should only trade on bitcoin to reduce the risk.

[r1a2y3m4]

I think so. It's probably the worst scenario to think of. That is the worst of them all but let's just pray for it not to happen. May God help bitcoin.

[BlueStackz]

BTC will never be reduced to that level, it is my experience now BTC is increasing again, is now $ 6300

This is insane. The tough time was in June when the market was down and the price fully unstable. Bitcoin maintained its price and did not allow to fall below $6000 and there were falls below this value as well but the falls got recovered within hours.

This means that it might not be possible for Bitcoin to loose such a big value and despite staying down so long; it is in the phase of recovery right now. There have been speculations about the rise in the value and it will rise soon till the end of the year.

[Hiltohen]

has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on

As you mentioned in your topic, they have predicted that point, it's just guessing that anyone can give a number but it's hard to find true predictions "because of an unstable market" so you do not care about it.

There is no so-called "logical bottom" but "market bottom," it is impossible to predict the price of bitcoin mathematically, the market is determined it by the peaks and bottoms.

The news largely controls the mood of the market, I'm not saying it's impossible to get to that point but the market is far away from the $ 3000 barrier.

Again it's predictions *do not bother it*. "Focus on the news"

I support you in your words. Nobody can really predict the peak value of dump or pump phase. Bitcoin is the most unpredictable asset that I have come across in my whole life. Just because we have few facts and past year statistics does not mean we can come up with the almost accurate future prices of this coin. At most, all we can tell is the duration of any phase.

[nl247]

I have see this kind of technical analysis all the time in the forum and people have put forth many detailed graphs like that one. I guess these analysis will never work because understand this, "Crypto is many times dependent on fundamentals rather than technical stuff". This is completely different world from the stocks, forex etc. and you can imagine that by seeing how fluctuating the market we are in and how it create versatile graphs each time. No theories can explain properly what is going to come in the future so dont bother yourself with such analysis.

Are you really sure about that? There are so many times that the movement of bitcoin and the general crypto space has failed fundamentally. Sure, we have not gotten some pretty huge news for a while now that could skyrocket the market, but at least we have heard some pleasing ones that still had the possibility of bringing some ease to the market, but it just seems the bear market won't just stop.

Nevertheless, with respect to you saying technical analysis fails, no it does not. I have been using TA for a while now on bitcoin and some top cryptocurrencies with good volume and it has been fine with me. What a lot of people always fail to understand is that in any market, you cannot just 100% depend on your analysis coming through, and which is why the stop loss should be as active as buying into the market based on your signals. With this, at least, 80% of the time, I have made the right call technically.

[TheUltraElite]

I think so. It's probably the worst scenario to think of. That is the worst of them all but let's just pray for it not to happen. May God help bitcoin.

God? LOL
Only time will help bitcoin. If you are dumb enough to believe in people's made up rumors and FUD then you will also think that bitcoin is a shitcoin. While if you are experienced trader you would look into the 3-4year charts of bitcoin and make predictions on where the bear market might end. I was thinking it might touch 5k USD yesterday but seems like as soon as the 5990 USD figure touched there has been a buying run on bitcoin and the price is now +10% around 6.3k USD.

Dont listen to FUD makers dude. Listen to the market cap and the movements.

[BTCLovingDude]

one thing that i have found out about TA is that you can always draw your lines in a way to hit any price that you want. but that doesn't make it right. in case of bitcoin, there is no descending channel. there is a strong bottom instead which is not being broken so far.
the only way it will go below $6k at this point is if ETF is rejected or some other bad news comes out. not to mention that we might see a rise to something like $8k before the ETF rejection and that can only bring it back down to $6k again so we may not even see lower prices ever!

[BTCballa]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

Actually we can never know that because there are some supporting levels on bitcoins price that we know about but it is already going through $6,000 and lower so nobody is confident in the bottom point.

[Lanatsa]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

Basing on the technical analysis that 3k price would be the last strong support which would possibly we would heading but currently seeing on bitcoins price it do still plays on 6k support and wont tend to go deep even more which is good but still we might see the probability of a breakout so its still not sure that we will not go down into that price because there are rumors that before institutional money would set in they would plan for that cheap price entry.

[atrocityx]

This is true from a TA standpoint but I'm just not buying it.. bitfinex basically determines market price, and the only way you're gonna get even in the 4000's range is everyone will have to capitulate out of their long positions and go short.. as soon as that happens whales who've been manipulating will make an epic short squeeze to wreck everyone.  I just think the fundamentals of whats going on with who determines price is a lot more of a solid foundation to make decisions on right now over the charts.   Hold out for 3k if you want but I just don't see it.

[tesla80]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

I promise I will buy if it drops to 3000$

I want to see it

I can't imagine altcoin prices when bitcoin is 3000$

[atrocityx]

I doubt that this pattern will happen. Although in TA, I most likely look into the pattern so I can speculate what could it be in the next days in succession but 6k is like the solid floor now of Bitcoin this year. It should have dipped to 3k already before since Bitcoin was playing around that price before, but it didn't. The bulls are kinda in resistance for these that's why it is staying flat in 6k most of the time. If there will be case that this will be the price next, then I'll hoard on it.

Yeah I agree.. its clear that the people manipulating price with these extreme bart candles intend to keep the price stable atleast with bitcoin over the next 2 months waiting for ETF decision.. but know a flash crash down to 3-4k would send us further down the rabbit hole of bear market (maybe even as long or bad as 2014-2015).. I believe the millionaires out there that can actually move the price, know whats best for the long-term and tiptoeing that edge of getting the most out of their position in bart candle shorts and longs margined, but also the common sense enough to not spiral sentiment further.

[CryptoGuro1]

I used to follow magicpoop, I have to say he gets a lot of crap from other "traders" on his charts, but to be far during our rise in April/May I think it was, when everyone and their mother was saying "bear is over" he stuck to his guns and said it was not over yet, so fair play to him, his calls are good.

[manggis97]

I seen demand of BTC now is increase and we can see it from BTC dominance more than 53% in crypto  market.  I think the price of BTC really according to fundamental  analysis.  And the bottomed of BTC price we will know after decision of Bitcoin ETF on 30 of september.  If Bitcoin ETF denied the price can be go lower to $5000 and if approved will be bull run to 10 times more.

[cryptothreads]

I seen demand of BTC now is increase and we can see it from BTC dominance more than 53% in crypto  market.  I think the price of BTC really according to fundamental  analysis.  And the bottomed of BTC price we will know after decision of Bitcoin ETF on 30 of september.  If Bitcoin ETF denied the price can be go lower to $5000 and if approved will be bull run to 10 times more.

I am sure this fund will invest in this market and we should have good hopes for the future of Cryptocurrency. I think the ETF's investment fund is huge and they want to invest in this market but are having a lot of obstruction from the SEC. I hope the SEC should have a better view of this market as it may be the future of the world in the future

[Oasisman]

I promise I will buy if it drops to 3000$

I want to see it

I can't imagine altcoin prices when bitcoin is 3000$

What if it will never drop to $3000? And then Bitcoin price suddenly pump up to $30,000 in December lol. 
Im just kidding anyway, but there were cases like this where people didnt buy during the dip because theyre waiting for the targeted bottom price. 
On the other hand, when Bitcoin hits $3k, I guess ETH would sit at $50 or worst and majority of the alts will have their all time low.

[Kavallo]

I am happy that my thread is getting so much attention and it is very interesting to read all the posts since this is giving a good picture of the overall mood and opinions.
Regarding one argument which has been made that the whales don't use TA to decide their moves, this is true on one side but incorrect all the same. It is true that they don't take decisions based upon TA, but they still time their actions according to TA so that they can better manipulate the market. This his how they can better setup bulltraps, beartraps and short and long squeezes.

[drmasa]

I promise I will buy if it drops to 3000$

I want to see it

I can't imagine altcoin prices when bitcoin is 3000$

I would buy if it fall to 5000$  but there would be needed some really cataclysmic end of the world news to come to that, literally impossible!

[Fenixsfeather]

Looks like bitcoins course has jumped from the bottom in 6000$. Course has stopped in 6300 and what will happen later is a good question.

[shulio]

It is not important where the bottom is. When we will see a new ATH is more important.

[bohr]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

I think that you are right when you say many people are letting their personal feelings interfere with their analysis, but a bottom of 3000 dollars? That is too low, we will need another panic to see that price and the question is what could cause that panic? Even if the SEC did not gave to us a positive outcome at worst we are going to see  prices below 5500.

[TheUltraElite]

I used to follow magicpoop, I have to say he gets a lot of crap from other "traders" on his charts, but to be far during our rise in April/May I think it was, when everyone and their mother was saying "bear is over" he stuck to his guns and said it was not over yet, so fair play to him, his calls are good.

Be careful following any trader. Most of the trades posted there will be given after they have completed that trade so you wont actually be able to "Copy-trade" them. Rather you can analyse and try to find out why they did that trade or the motive behind the trade - whether it was for a short term gain or a long term hodl.

It is not important where the bottom is. When we will see a new ATH is more important.

Both of them are important. The ATL in a short period of time is the point where new traders are going to come in and fill the market. Then the ATH is the point where most people exit the market. Its important to watch the market cap during these times even though it is highly manipulated to get an idea of the amount of cash coming in or going out.

[darkangel11]

I doubt that this pattern will happen. Although in TA, I most likely look into the pattern so I can speculate what could it be in the next days in succession but 6k is like the solid floor now of Bitcoin this year. It should have dipped to 3k already before since Bitcoin was playing around that price before, but it didn't. The bulls are kinda in resistance for these that's why it is staying flat in 6k most of the time. If there will be case that this will be the price next, then I'll hoard on it.

Yeah I agree.. its clear that the people manipulating price with these extreme bart candles intend to keep the price stable atleast with bitcoin over the next 2 months waiting for ETF decision.. but know a flash crash down to 3-4k would send us further down the rabbit hole of bear market (maybe even as long or bad as 2014-2015).. I believe the millionaires out there that can actually move the price, know whats best for the long-term and tiptoeing that edge of getting the most out of their position in bart candle shorts and longs margined, but also the common sense enough to not spiral sentiment further.

IF we went down to 3k and you'd be looking for similarities with 2015 there would be no space left for another year of bear market, simply because that would already be almost 90% drop in value, which was exactly what happened in 2015. The difference is, BTC needed 2 years to reach that level and here it would happen in 9-10 months. IMO it would be not only too much of a dip but also too fast and for that to happen there would have to be a fundamental flaw. Pure market sentiment won't cut it.

[TheUltraElite]

IF we went down to 3k and you'd be looking for similarities with 2015 there would be no space left for another year of bear market, simply because that would already be almost 90% drop in value, which was exactly what happened in 2015.

It wont happen, at least for now. The drop happened till 5995 USD and then umped back to buying pressure and now bitcoin is over 6.3k USD at the time of writing this post. Bulls are ready to buy back whenever the drop happens and happens significantly. Its not a surprise that people had buy orders set at 5.9 K USD mark and they got filled in at that time.

The difference is, BTC needed 2 years to reach that level and here it would happen in 9-10 months.

What also changed is the mainstreaming of crypto and crypto related topics. Almost every 1 out of 3 internet public are now talking about ICOs, bitcoin, ethereum and all. This was not the same in 2016.

IMO it would be not only too much of a dip but also too fast and for that to happen there would have to be a fundamental flaw. Pure market sentiment won't cut it.

Pure market sentiment would push it back everytime it went down. Simple observation.

[1Referee]

It wont happen, at least for now. The drop happened till 5995 USD and then umped back to buying pressure and now bitcoin is over 6.3k USD at the time of writing this post. Bulls are ready to buy back whenever the drop happens and happens significantly. Its not a surprise that people had buy orders set at 5.9 K USD mark and they got filled in at that time.

The only thing that's holding Bitcoin up is false hope that the SEC's decision next month might be positive for the ecosystem. It was somewhat predictable that $5800 wouldn't break, and in the same way the increase in the runup to the deadline is predictable as well.

If the SEC rejects the ETF, which I really hope they do because it's technically rejected already (postponing = rejection), we'll see how the market reacts to that and how much support is left around the $5800 level. I honestly believe that we'll see $5000 in that scenario and it's great for the market with how it could be seen as one of the last shakeoffs below $10,000.

[sheenshane]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

I think that you are right when you say many people are letting their personal feelings interfere with their analysis, but a bottom of 3000 dollars? That is too low, we will need another panic to see that price and the question is what could cause that panic? Even if the SEC did not gave to us a positive outcome at worst we are going to see  prices below 5500.

You are right a bottom of 3,000 dollars is too low, I think this price now at 6,000 dollars is already at the bottom(IMO)
I saw right now the price of the bitcoin in the market starting pumping up, how much more if SEC will be approved ETF I'm sure the demand will less that make bitcoin will bounce back and ready to hit again the price of 20,000 dollars in the market.

But still, there are some panic sellers that make market worst through their weaknesses in holding coins.

[tesla80]

IF we went down to 3k and you'd be looking for similarities with 2015 there would be no space left for another year of bear market, simply because that would already be almost 90% drop in value, which was exactly what happened in 2015.

It wont happen, at least for now. The drop happened till 5995 USD and then umped back to buying pressure and now bitcoin is over 6.3k USD at the time of writing this post. Bulls are ready to buy back whenever the drop happens and happens significantly. Its not a surprise that people had buy orders set at 5.9 K USD mark and they got filled in at that time.

The difference is, BTC needed 2 years to reach that level and here it would happen in 9-10 months.

What also changed is the mainstreaming of crypto and crypto related topics. Almost every 1 out of 3 internet public are now talking about ICOs, bitcoin, ethereum and all. This was not the same in 2016.

IMO it would be not only too much of a dip but also too fast and for that to happen there would have to be a fundamental flaw. Pure market sentiment won't cut it.

Pure market sentiment would push it back everytime it went down. Simple observation.

The bottom most probably could be 4500 - 4800$. But 3000$ seems not highly possible. But this market can make everything possible.

[gabmen]

IF we went down to 3k and you'd be looking for similarities with 2015 there would be no space left for another year of bear market, simply because that would already be almost 90% drop in value, which was exactly what happened in 2015.

It wont happen, at least for now. The drop happened till 5995 USD and then umped back to buying pressure and now bitcoin is over 6.3k USD at the time of writing this post. Bulls are ready to buy back whenever the drop happens and happens significantly. Its not a surprise that people had buy orders set at 5.9 K USD mark and they got filled in at that time.

The difference is, BTC needed 2 years to reach that level and here it would happen in 9-10 months.

What also changed is the mainstreaming of crypto and crypto related topics. Almost every 1 out of 3 internet public are now talking about ICOs, bitcoin, ethereum and all. This was not the same in 2016.

IMO it would be not only too much of a dip but also too fast and for that to happen there would have to be a fundamental flaw. Pure market sentiment won't cut it.

Pure market sentiment would push it back everytime it went down. Simple observation.

The bottom most probably could be 4500 - 4800$. But 3000$ seems not highly possible. But this market can make everything possible.

Whales are always on the watch here. I think if we're going to go that low or even below 5k, it would'be happened already but look at how quick the price bounces back above 6k after dropping to 5.8?

[Tyrandeo]

If Bitcoin will use $3000 as the bottom, then the market may change dramatically, I think 50% of the altcoin may die in this case!

[anobtc]

BTC price tried to break the 6650$ line for 4 times and this time it still can not. And this year, the support level of 5k8-6k has not been broken, but I have a bad feeling about this correction.

[newinbtc]

If Bitcoin will use $3000 as the bottom, then the market may change dramatically, I think 50% of the altcoin may die in this case!

Just look at graph , it seems it may reach 2500$ also at end of this year. This year 2018 is not good for bitcoins. last year 2017 was awesome in highest peak point at 20,000$. Last year people predict it reach 50k$ Now there prediction changed to 3000$ , its changing time to time according to downward trend and market support towards bitcoin. bitcoin will laying between 5000$ to 2000$ by end of year until one good news and price boom.

[feelingfroggy]

I don't see how Bitcoin could get all the way down to $3,000 dollars.  I can see mid $5,000 and maybe a quick dip under $5,000  but not for long.  I would be stepping in here little by little as the fall happens. 

[Kavallo]

If Bitcoin will use $3000 as the bottom, then the market may change dramatically, I think 50% of the altcoin may die in this case!

Altcoins die only if they lose all their adopters, which is rarely the case for healthy coins with a reason to be. Of course, scammish coins which have been created and adopted just in the hope of a fast enrichment, they could eventually die, but it wouldn't be a big loss.

[yla1974]

In the crypto currency market, technical analysis is worked out as beneficial to exchanges. Due to the very low liquidity, all the strength of the exchanges is in their hands. They have the ability to lower in a moment very low, and then raise to new heights. So be careful on the super manipulative market.

[TheUltraElite]

The bottom most probably could be 4500 - 4800$. But 3000$ seems not highly possible. But this market can make everything possible.

See if you check price of the buy and sell orders on any exchange you will notice a constant buying trend beyond the 6k USD mark. You wont find this elsewhere in any other altcoin. These orders help to push the market up. Every time the drop happens, they will get executed and the price will rise again. Unless some huge amount of bitcoins get dumped there is no chance of the price dropping to that low. Its true that anything is possible in the market but a huge drop will probably cause more buyers to buy in bitcoin.

In the crypto currency market, technical analysis is worked out as beneficial to exchanges. Due to the very low liquidity, all the strength of the exchanges is in their hands. They have the ability to lower in a moment very low, and then raise to new heights. So be careful on the super manipulative market.

Thats not what is being talked about here. Please read before you make comments. Oh wait you must be shitposting to get paid.

[lavara]

There is such an option-I admit that bitcoin will come to 3000, but it's true if you think that it can easily return for a couple of weeks to 10,000. We all watched how quickly the price of crypto currency could change. Now we see the border of 6-7 yew and for a long time. Wherever he goes no one knows up or down. To distribute investments, I am working in the direction of ico projects. There are also many nuances here, but the profit can be very good.

[voztata]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

This year is already over,  we have just four months left and it’s over. I have seen someone predict five thousand dollars as the lowest the price is going to get for this year,  but I really don’t think so,  cause based on what I’m seeing I believe that the lowest bitcoin price is getting will be this six thousand dollars. But even if it does fall below that, I still know that it will rise again and get back above $6k and at least reach $10k.

[bering]

I think probably if the bottom line hit $3000 then people will not fear even more likely they will buy at that price because this is could be good opportunities to buy back and hold but we still have several months remainning before reach 2019 and let see whether their analysis will true or even the bottom line lower from that price

[zazarb]

Bitcoin has pretty strong support at 5500-6000$, so if we did not heard any bad news in remaining time of this year, Bitcoin price should stay calm or even go up because Bitcoin price always raises and then goes down.

[atrocityx]

I doubt that this pattern will happen. Although in TA, I most likely look into the pattern so I can speculate what could it be in the next days in succession but 6k is like the solid floor now of Bitcoin this year. It should have dipped to 3k already before since Bitcoin was playing around that price before, but it didn't. The bulls are kinda in resistance for these that's why it is staying flat in 6k most of the time. If there will be case that this will be the price next, then I'll hoard on it.

Yeah I agree.. its clear that the people manipulating price with these extreme bart candles intend to keep the price stable atleast with bitcoin over the next 2 months waiting for ETF decision.. but know a flash crash down to 3-4k would send us further down the rabbit hole of bear market (maybe even as long or bad as 2014-2015).. I believe the millionaires out there that can actually move the price, know whats best for the long-term and tiptoeing that edge of getting the most out of their position in bart candle shorts and longs margined, but also the common sense enough to not spiral sentiment further.

IF we went down to 3k and you'd be looking for similarities with 2015 there would be no space left for another year of bear market, simply because that would already be almost 90% drop in value, which was exactly what happened in 2015. The difference is, BTC needed 2 years to reach that level and here it would happen in 9-10 months. IMO it would be not only too much of a dip but also too fast and for that to happen there would have to be a fundamental flaw. Pure market sentiment won't cut it.

Agreed.. the only thing I don't really agree with is it will go to 3k at all.. I just don't see a scenario where sentiment would be so bad that you drop far enough where a short squeeze doesn't get back over 6k.. I think anything is possible, but I don't see it without all the whales creating massive capitulation for an even deeper short squeeze.. but why would they want a one sided market where people follow them when they can park it right where it is and just bart candle the spreads.. easier money..  sentiment stays hopeful incase ETF passes, and they still make millions. 

[Cointoli]

In the crypto currency market, technical analysis is worked out as beneficial to exchanges. Due to the very low liquidity, all the strength of the exchanges is in their hands. They have the ability to lower in a moment very low, and then raise to new heights. So be careful on the super manipulative market.

I agree with your opinion, most of the coins are dominated by Exchange itself listing the coins. I usually only trade on the Exchange and do not hold the coins because I do not want to give my money to someone else.

[MahalQu2612]

If you ask me a lot of stuff about bitcoin's evolution is illogical nowadays.

I don't think it wil fall under 5k this year as this level was tested across the year and nothing happened, it always bounced back.

I would buy BTC at this level anyday. Also, once the big players will be able to trade BTC, I would see a big spike in it's evolution.

It never happens! Look right now, there is a correction in the market. Everything goes fine, in fact price of bitcoin and ethereum are recovering today. Eventhough there are lot of news happened last few days, bitcoin does not fell in 5K usd instead, it recover from 6k up to 6700 usd. I hope the increasing of price will continue.

[Spaffin]

Theoretically, bitcoin is able to fall to any lower level, but there must be a reason for everything. And just the reasons for the drop in the bitcoin rate to 3,000 dollars I do not see. For such a sharp drop in bitcoin, there must be some very negative event or complex of such events, but in practice they do not exist, so there is no reason to fear such a sharp price drop of bitcoin. If bitcoin had to fall to a correction to such a low level, it would have happened long ago. Therefore, it is most likely that this will not happen.

[katrimans]

one thing that i have found out about TA is that you can always draw your lines in a way to hit any price that you want. but that doesn't make it right. in case of bitcoin, there is no descending channel. there is a strong bottom instead which is not being broken so far.
the only way it will go below $6k at this point is if ETF is rejected or some other bad news comes out. not to mention that we might see a rise to something like $8k before the ETF rejection and that can only bring it back down to $6k again so we may not even see lower prices ever!

But even if ETF rejects it and bitcoin decreases to 3k r 4k dollars, would that mean it is the end of bitcoin? Obviously not. The point that investors need to understand is how bright a future bitcoin holds. The price that we are seeing today is not going to be the price of bitcoin tomorrow. We all know that it will regain its value soon so buying now would be better than other things.

[Bubblestonemax]

That can likely be the analysis of the top trader on trading view but in my own analysis, bitcoin price might not cross 4500$ by the end of the year. This is just my personal opinion.  No one can predict the accurate price of bitcoin but lets see what happens in this market

[prtty2gal2]

I used to follow magicpoop, I have to say he gets a lot of crap from other "traders" on his charts, but to be far during our rise in April/May I think it was, when everyone and their mother was saying "bear is over" he stuck to his guns and said it was not over yet, so fair play to him, his calls are good.

Be careful following any trader. Most of the trades posted there will be given after they have completed that trade so you wont actually be able to "Copy-trade" them. Rather you can analyse and try to find out why they did that trade or the motive behind the trade - whether it was for a short term gain or a long term hodl.

It is not important where the bottom is. When we will see a new ATH is more important.

Both of them are important. The ATL in a short period of time is the point where new traders are going to come in and fill the market. Then the ATH is the point where most people exit the market. Its important to watch the market cap during these times even though it is highly manipulated to get an idea of the amount of cash coming in or going out.

For an intelligent person, any change taking place in the digital market is important. A trader cannot gain any profits if he is not capable of predicting the coming pump or dump. Trading is never buy and buy or sell and sell game. It has been always about buying and selling. But the most important in my opinion is to have full trust in one’s digital asset.

[karungbitcoin]

I think down trend of Bitcoin and others crypto is enough and no one will decide to sell their digital asset in big loss, and more people will chooce to hold their coins. And when many people have the same idea like this the price of BTC will stay strong and possible to going up more when new player come in to this market.

[darkangel11]

It wont happen, at least for now. The drop happened till 5995 USD and then umped back to buying pressure and now bitcoin is over 6.3k USD at the time of writing this post. Bulls are ready to buy back whenever the drop happens and happens significantly. Its not a surprise that people had buy orders set at 5.9 K USD mark and they got filled in at that time.

The only thing that's holding Bitcoin up is false hope that the SEC's decision next month might be positive for the ecosystem. It was somewhat predictable that $5800 wouldn't break, and in the same way the increase in the runup to the deadline is predictable as well.

If the SEC rejects the ETF, which I really hope they do because it's technically rejected already (postponing = rejection), we'll see how the market reacts to that and how much support is left around the $5800 level. I honestly believe that we'll see $5000 in that scenario and it's great for the market with how it could be seen as one of the last shakeoffs below $10,000.

Now I know why so many people dumped their coins when ETF got postponed. I'm curious, where did you get the idea that postponing is rejection? If they wanted to reject it they would have done it , just like they did with the Gemini ETF. Sec rejected it, brothers reapplied and got rejected again. This time it's not that simple because the ETF is physically backed (unlike Gemini and other projects) and it's also launched by huge companies with good history.
They could be buying time to look for some grounds upon which they can reject it, but if they wanted (could) do it right away they would.

[Varuj]

Bitcoin is already up to $ 3000 probably will not go down, because the stage of changing the trend to an ascending level. We should expect growth and strive to bring high peaks.

[Oilacris]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

Basing on TA then we do have that possible last support but still the current price of bitcoin is still tanking which it is just playing around on 6k price either below on 5900+ but still theres a chance because this market is very unpredictable but seeing on the price we are already on sideways or total accumulation readying up for a trend reversal. We might see it on this year on on next years.

[minime0105]

In my opinion, it would be rather difficult to have BTC drop as low as 3k because I think many whales would be against it and most investors overall won't let that happen even if it would mean resorting to market price manipulation.

[zero9119]

I think down trend of Bitcoin and others crypto is enough and no one will decide to sell their digital asset in big loss, and more people will chooce to hold their coins. And when many people have the same idea like this the price of BTC will stay strong and possible to going up more when new player come in to this market.

Anything can happen in this market so Bitcoin can fall deeper too is very normal. The value of an asset depends on market acceptance, so if you want to invest in Bitcoin, keep an eye on the market to determine its future.

[pobeditelvezde]

I do not believe such types of analysis. Somebody painted several lines and curves and he considers that he knows the substance of bitcoin. Where are any objective reasons and arguments? Having looked at he chart I see that somebody is holding the level around 6000$ in spite of almost all altcoins are going down. I am sure the the level 6000$ will be held.
Ok, let us suppose that bitcoin will be 3000$. How much will cost ethereum in that case? What will be the total market capitalization? In fact I do not believe in such a scenario because I do not see any sense and most investors will go away from market forever. Everybody will understand that bitcoin is not so worthnes asset if it cost 20000$ a year ago and it will cost 3000$

[lotsky123]

All are just speculations or predictions. No one can tell exactly what will be the price of bitcoin in the coming days. But if it's true, then it is good for us so we can buy the cheapest price possible then hold it as much as we can to earn bigger rewards someday or may even make us millionaires the earliest time.

[dunfida]

I do not believe such types of analysis. Somebody painted several lines and curves and he considers that he knows the substance of bitcoin. Where are any objective reasons and arguments? Having looked at he chart I see that somebody is holding the level around 6000$ in spite of almost all altcoins are going down. I am sure the the level 6000$ will be held.
Ok, let us suppose that bitcoin will be 3000$. How much will cost ethereum in that case? What will be the total market capitalization? In fact I do not believe in such a scenario because I do not see any sense and most investors will go away from market forever. Everybody will understand that bitcoin is not so worthnes asset if it cost 20000$ a year ago and it will cost 3000$

I do hope we won't get that $3000 as the final drop of bitcoin price this year, and i agree with you that someone was still be able to hold the $6000 as the last bottom for this year. Too much traders are bleeding due to this down trend of prices in bitcoin and almost altcoins are suffering too but it could be blessings in disguise if we could take our perspective to another level. We could actually invest more during this drop and hold until the prices rises up again.

[TheUltraElite]

For an intelligent person, any change taking place in the digital market is important.

Do that and you will end up losing more money than you make.

A trader cannot gain any profits if he is not capable of predicting the coming pump or dump.

If that was the case no trader would be making profit. Its easy to "identify" a pump and dump but its not easy to "predict" a pump and dump. Follow the market price of any coin and if you see daily oscillations of price between two standard points it denotes pump and dump but not explicitely. However any trader would take advantage of it to ride the waves.

Trading is never buy and buy or sell and sell game. It has been always about buying and selling. But the most important in my opinion is to have full trust in one’s digital asset.

Thats very basic. If you are not doing your own research on the asset then you are stepping into a snake pit with blindfold.

NOw I know why so many people dumped their coins when ETF got postponed. I'm curious, where did you get the idea that postponing is rejection? If they wanted to reject it they would have done it , just like they did with the Gemini ETF. Sec rejected it, brothers reapplied and got rejected again.

Well, the most official method to rejection is to delay it. There are other methods as well which you can study in Management books. Its just a diplomatic way of saying "Give me a break. I dont GAF"

[jrrsparkles]

In my opinion, it would be rather difficult to have BTC drop as low as 3k because I think many whales would be against it and most investors overall won't let that happen even if it would mean resorting to market price manipulation.

Yes,the whales won't let that bitcoin to fall that much r they will be in great loss and can't make the people to invest again and also the mining is not prfitaable it falls below $5000 so this can be aother reason that the bottom level is just $6000 and we can see that the price of bitcoin staying at this level quiet for a while so this can be the logical bottom level?!

[tulezua]

I think Bitcoin will not drop to $ 3000, if BTC drops that price it will be like a bubble burst and never big investors can leave it broken, so the market price only at $ 6000.

[vinbentrob]

The chart and graphs here is presenting very clear signal around $3000, though anything can still happen in the market since other factors could steer the market in opposite directions!  I will definitely like to see how this pan out!

[Slavyanskiy]

Each analyst gives his predictions. The bottom of the market may be below the $ 3000 mark, the market itself determines the price.

[TheUltraElite]

I think Bitcoin will not drop to $ 3000, if BTC drops that price it will be like a bubble burst and never big investors can leave it broken, so the market price only at $ 6000.

Bubble burst? Bitcoin was called a bubble by no-coiners. Those who dont have any coins/didnt ever enter the market and make FUD about crypto in general. Its like the old Eshop's Fable of the Fox and the Grapes. When they cant get coins for themselves they call it a ponzi and a bubble to just because it out of their reach.

Each analyst gives his predictions. The bottom of the market may be below the $ 3000 mark, the market itself determines the price.

Demand and supply determine the price. Of course the demand is there and the supply is limited. That why its deflationary as time goes on. If price drops to 3k no matter. Just wait because it will go up again.

[tesla80]

I think Bitcoin will not drop to $ 3000, if BTC drops that price it will be like a bubble burst and never big investors can leave it broken, so the market price only at $ 6000.

Bubble burst? Bitcoin was called a bubble by no-coiners. Those who dont have any coins/didnt ever enter the market and make FUD about crypto in general. Its like the old Eshop's Fable of the Fox and the Grapes. When they cant get coins for themselves they call it a ponzi and a bubble to just because it out of their reach.

Each analyst gives his predictions. The bottom of the market may be below the $ 3000 mark, the market itself determines the price.

Demand and supply determine the price. Of course the demand is there and the supply is limited. That why its deflationary as time goes on. If price drops to 3k no matter. Just wait because it will go up again.

Especially I wait for 4300 levels, not as far as 3000 levels. But everything can happen in this market. I don't think bitcoin will die if it drops to 3000$. So find an entry point and enter for long term..

[ivannalog814]

Perhaps but it is possible that it will turn around at around 4-6 thousand dollars.

[Matic]

We can actually hope on that but really bitcoin can go even below this position, because we're facing so deep state of cryptocurrencies prices that almost everything is possible.

[Thirdspace]

even if it's possible, I believe it will be very small chance and less likely to happen
at the time OP posted the chart, the pattern shows a possible drop below $6,000
but that was early august and the market formed a very good support at ~$6,000
it looked like the support held strong and bounced the price up some time mid august (14th)
and currently it continues to rise to test immediate resistances at ~$7,500 and ~$8,000

[nydiacaskey01]

$3,000 is just too low. Price wont even touch close to $5,000. And if ever that happens it will just entice more holders to buy more and hold as everyone is anticipating the price of Bitcoin to break $20,000 USD by December again granting that there will be no other bups ahead like a major news that will shake Bitcoin again.

[taliwang]

but the condition of the bitcoin price is very difficult to fall back to the price of $ 3000 again because currently the bitcoin demand is soaring so much that there are so many who make buy orders that make the bitcoin price conditions difficult to fall again.

[TheUltraElite]

$3,000 is just too low. Price wont even touch close to $5,000. And if ever that happens it will just entice more holders to buy more and hold as everyone is anticipating the price of Bitcoin to break $20,000 USD by December again granting that there will be no other bups ahead like a major news that will shake Bitcoin again.

Yeah the price touching 30k is too lame a mis-speculation. You cant help those who are not confident about the long term demand of crypto and how crypto shapes the future economy. Those who are having finger trembling seeing the drop in price just need to sell off their assets and not look back again. Crypto market is not for them.

We can actually hope on that but really bitcoin can go even below this position, because we're facing so deep state of cryptocurrencies prices that almost everything is possible.

It wont be long till prices are pushed up again. Havent you seen the constant rise and fall whenever the price goes near 6k? Trades are buying at that price and I am sure there is a buy wall below it as well.

[dadanpradana]

All of them are only reviews written on paper and that is only a prediction.
I will not believe in predictions, because predictions can sometimes be wrong and can also be true.

I'd better believe in myself.

[drmasa]

Old investors got out. Now its time for new investors and their starting price of entry point of 6500$ for 1 btc.

[Johnyz]

All of them are only reviews written on paper and that is only a prediction.
I will not believe in predictions, because predictions can sometimes be wrong and can also be true.

I'd better believe in myself.

Of course we should not depend on any news, we still need to have our own research about the coins we have. $3000 is not possible with bitcoin, well I trust this market so it will not happen. We may experience many dumps this year, bitcoin is still suppotted by many investors.

[tesla80]

According to following tradingview analysis, it will see 2800$ - 3600$ levels in January 2018. Will see what is expecting us.

https://www.tradingview.com/chart/BTCUSD/Gqzx8jnU-BITCOIN-LEGENDARY-ANALYSIS-LONG-TERM/

[ThorWin]

Never BTC can drop below $ 3000. I believe in the future, the BTC price will be higher than $ 10000. So I always expect and hold this coin until they cross the $ 10,000 mark

[rickadone]

$3,000 is just too low. Price wont even touch close to $5,000. And if ever that happens it will just entice more holders to buy more and hold as everyone is anticipating the price of Bitcoin to break $20,000 USD by December again granting that there will be no other bups ahead like a major news that will shake Bitcoin again.

You actually got it right with the market enticing more investors to want to buy more but you should remember those would end up being smart investors and it is not everyone investing in this space that will be smart. For what it is, I am sure as a lot of people are seeing it as an opportunity to buy more, some are freaking out and then bailing out of the market even at huge loss because trust me at this stage, the FUD will definitely increase.

Nevertheless, nothing is guaranteed here and I would not say that it is impossible for us to go as low as $3k, because any break of the $5800 support can lead us down very fast.

[TheUltraElite]

All of them are only reviews written on paper and that is only a prediction.
I will not believe in predictions, because predictions can sometimes be wrong and can also be true.

I'd better believe in myself.

Thats good because nerves of steel is what is needed in trading during the bear market. If you fall for the wrong emotions then you will either sell at loss or get a heart attack. Either one of them are hazardous and would not want it to happen.

On the bright side if you have the nerve to hold during the bearish trend to wait for the bull run you would be in profit. But what is needed is the patience. Just like the patience the bitcoin hodlers had in 2010-2016.

Old investors got out. Now its time for new investors and their starting price of entry point of 6500$ for 1 btc.

You can actually get in a a lot lower price. Not now because the price is moving between 6k and 7k USD everyday now. We are hoping for a small bull run followed by a bearish drop again.

[Iykecollins]

even if it's possible, I believe it will be very small chance and less likely to happen
at the time OP posted the chart, the pattern shows a possible drop below $6,000
but that was early august and the market formed a very good support at ~$6,000
it looked like the support held strong and bounced the price up some time mid august (14th)
and currently it continues to rise to test immediate resistances at ~$7,500 and ~$8,000

This is actually a very sound analysis of the current btc trend, I need not say further, however I do not see the possibility of dropping below $6000 any further as at the level of every dip, the lowest had been around $5800 and so far we haven't seen such in long time

[Riddikulo]

Never BTC can drop below $ 3000. I believe in the future, the BTC price will be higher than $ 10000. So I always expect and hold this coin until they cross the $ 10,000 mark

I wish this drop will never happen but no one can say if it is not possible. Do you remember how many people thought that Ethereum would go higher than 5 or 10 thousand? The crypto market cannot be predicted.

[boy130]

In my opinion this seems like a reasonable educated guess, possibly applied to a massive market crush. IT really is surprising how fast and low it could go.

[wayancrypto]

I dont see any reason the price of Bitcoin will going down to $3000, because on the market now dominance by BTC more than 55%, in my prediction the current price is the bottom and will going up later to $20K again and possible will surpass this level in next year. Bitcoin is have strong fundamental and the demand will keep growing in the long term because we can see the history price since 2009 when created is only going up for long term.

[weblaraveluser]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

The price of bitcoins will never go down to $3k dollars because there are a lot of people who are interested on cryptocurrency and i believe that $6k is the stable price today in the market.

[Malandro]

When Someone draw a line to a chart and take more conclusions then de direction should take some pills

[yonjitsu]

So many speculations were already made about bitcoin's market price to go down the 5,000$ mark but i think it will never happen at all. How many times does bitcoin fall in the 5,000% mark this year? It's only in that mark that bitcoin has fallen but it never went down below that that anymore.

[daicavung]

BTCs will never be able to fall below $ 3,000, they are now above $ 6,300, so try to hold on until they can grow to over $ 8,000 to sell, and also Depends on the price you bought the BTC.

[Jeremiesaranza]

I don't think that a lot of people will sell bitcoin under $6000 (some panic sells dont count). They need to create really scary narrative (china bans dont work anymore)

[Chattym]

$3000 isn't that bad, actually. It isn't $0.01, is it? But frankly I don't know who can guarantee the price level either high or low, whatever. In a market like that we could expect anything even beyond our expectations (the moon last year was totally unexpected, wasn't it?)

[tulezua]

Things were quite active in the cryptocurrency space, and the correction took place on most of the bubble markets after some digital assets hit an all-time high. The mainstream media is reporting on Bitcoin's price increase. The possibility of bitcoin breaking the $ 3000 range and finding new highs is not a problem.

[iram3130]

I dont think it will descend any lower than 5800$ ever. Thats a great support level and even haters are waiting there to buy bitcoins at that price.

[Pamadar]

Things were quite active in the cryptocurrency space, and the correction took place on most of the bubble markets after some digital assets hit an all-time high. The mainstream media is reporting on Bitcoin's price increase. The possibility of bitcoin breaking the $ 3000 range and finding new highs is not a problem.

Both negative and positive news will bring impact but falling to 3k$ would take a huge  dumped coming from big bagholders who might shake the market or quit entirely this industry, there's different points of view coming from people who are waiting and expressing their interest, the last fall went to 5800$
and support buy it right away and start pumping again, will take some time before we can get some clear position I guess.

[AlNu]

I dont see any logical explanation on painting few line on chart and predict few months further.

I agree with you. And I also think that just one good or bad news can spike the price a lot % up and down! Cryptocurrency market is too volatile to be calculated with technical analysis!

TA works but in the long run, and now we are just in such a time when the price can shoot up and down and on TA everything will be executed. The crypts market is very manipulative, now everyone is waiting for the SEC's decision, although if you think about it not what does not depend on now, futures are already traded, who wants to trade them.

[Alfiehob]

but the condition of the bitcoin price is very difficult to fall back to the price of $ 3000 again because currently the bitcoin demand is soaring so much that there are so many who make buy orders that make the bitcoin price conditions difficult to fall again.

Well, from where I am standing and looking at the charts now, I would say supply is much more than demand due to the fast and rapid drop in prices within a very short period. Sure, that is not a guarantee that the bears can still always want to drive the market lower, but at the same time, that does not say we should just discard that the bears can still end up doing that.

The market though is holding up pretty great at the moment, and I also expect it to push a bit higher above $7k, but that is just a wish, not like it could end up happening.

[TheUltraElite]

Things were quite active in the cryptocurrency space, and the correction took place on most of the bubble markets after some digital assets hit an all-time high.

Its a natural thing to get corrected after a spiky pump. It happens everywhere and even in human nature when you see a sudden change its bound to be bad soon. Similarly in crypto if it pumps gradually the dump wont be noticeable because the support level will fill them up.

The mainstream media is reporting on Bitcoin's price increase.

Problem with mainstream media is that they report what they see and dont understand because they only care about the buzz surrounding a topic or they are in it for the money. If you listen to them do so with caution because a lot of news there a FUD and made-up speculation to manipulate people.

The possibility of bitcoin breaking the $ 3000 range and finding new highs is not a problem.

You are very much misinformed because bitcoin had crossed that line last year and has never dropped below 5.9k USD after that. Its currently rallying at 6.5-7.0k USD mark.

[weblaraveluser]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

The bottom of bitcoins is $6 dollars and the price is not dropping even more so we can expect higher values in the future, that is the reason why we should hold our coins today and wait for the market prices to pump up again.

[emililadjet]

The bitcoin  reached almost 20k, but  Bitcoin  does have a much lower amount of supply and why would institionals pay that much money

[arnaudel98]

Things were quite active in the cryptocurrency space, and the correction took place on most of the bubble markets after some digital assets hit an all-time high. The mainstream media is reporting on Bitcoin's price increase. The possibility of bitcoin breaking the $ 3000 range and finding new highs is not a problem.

As a matter of fact we can never realize that in light of the fact that there are some supporting levels on bitcoins value that we think about yet it is as of now experiencing $6,000 and lower so no one is positive about the base point.

[katuhakuh]

In my opinion in the cryptocurrancy currency market, technical analysis is useful in exchange. Because of the very low liquidity, all the power of exchange is in their hands. Many people will try to hold their coins. And when many people have the same idea as this price.

[umar22pk]

I think in crypto world nothing is final & here is no full stop. Market is trying to be stable & want to stays green.
But due to some FUD & panic sellers its facing ups & downs, in this position we can say market will stays around 5K to 6K & will never down  from this figure.

[KXC247]

Bitcoin price is very volatile. Every one has his or her own analysis and the price of bitcoin is not stable. In my own opinion, it's hard to believe that bitcoin can get to 3000$. My own prediction is 5k

[cryptolidus]

The price of Bitcoin was tested several times this year around $ 5 k and always bounced back, so I do not believe
that the price  will go below that level. But if it happens and we face $3 k  for me it will be a call for action to all in.

[Rejevunator]

Things were quite active in the cryptocurrency space, and the correction took place on most of the bubble markets after some digital assets hit an all-time high. The mainstream media is reporting on Bitcoin's price increase. The possibility of bitcoin breaking the $ 3000 range and finding new highs is not a problem.

I don't perceive how Bitcoin could get the distance down to $3,000 dollars. I can see mid $6,000 and possibly under $5,000 however not for long. I would advance in here little by little as the fall occurs.

[arinalwa]

So many speculations were already made about bitcoin's market price to go down the 5,000$ mark but i think it will never happen at all. How many times does bitcoin fall in the 5,000% mark this year? It's only in that mark that bitcoin has fallen but it never went down below that that anymore.

The fact that it has fallen in that mark does not mean it cannot breakdown below that mark. Now, this is market, there is no certainty for anyone about the future and we certainly are just trading the trends.

The market is still inside that channel as it is and as long as there could still be a possibility of the bears back in action and squashing the $5800 support, there is certainty that the market could go as low as $3k, but usually, we cannot make any confirmed statement as only time can.

[TheGreatPython]

Things were quite active in the cryptocurrency space, and the correction took place on most of the bubble markets after some digital assets hit an all-time high. The mainstream media is reporting on Bitcoin's price increase. The possibility of bitcoin breaking the $ 3000 range and finding new highs is not a problem.

I do not even know why people tend to consider a low price as a problem in the first place. I guess that is one of the reasons why the whales and those who are smart players or institutional players will always have an upper hand in the market.

People tend to chicken away when everything is going bad, rather than looking for the opportunity within those moments for their own good. If price descends that low to the bottom of the descending wedge, then it just makes it a great time to be buying into the market.

[Ganbound]

Bitcoin price is very volatile. Every one has his or her own analysis and the price of bitcoin is not stable. In my own opinion, it's hard to believe that bitcoin can get to 3000$. My own prediction is 5k

I don’t think that the bottom of bitcoin would be $3000. I think that $6000 is the bottom for bitcoin because in the whole year of 2018 the price was almost stuck between $6000 and $7000. Some times it crossed that limits but mostly remained in these limits. I think that the price would never down to $3000 and if it happens, it will be the end of bitcoin.

[jonatuzc]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

The price of bitcoins will never go down to $3k dollars because there are a lot of people who are interested on cryptocurrency and i believe that $6k is the stable price today in the market.

Well, the bottom of the descending channel does not mean it would reach the bottom before it breaks out, but only shows there could be more room for it to break down to that level as long as it remains inside that channel.

That is one thing a lot of people do not get, it is a way of just preparing for the market in any way it wants to come, it is not like anyone can certainly predict exactly what would happen in the future. So, saying that the market will never go down to $3k is not sensible at all, because it certainly can.

[BitcoinCommodor]

I dont think it will descend any lower than 5800$ ever. Thats a great support level and even haters are waiting there to buy bitcoins at that price.

No one knows how low it would ever go or if we might just get to see some good recovery in a short period of time. The market certainly could go lower than it is already and the truth here is that the highest we can do is to just wait. Can the market go as low as $3000? Oh yes, and even lower if the bears tend to get the chance.

We may be optimistic but that does not mean we should totally discard reality. The reality now is that no one knows how the market would behave at any particular point in time, and we can only stick with the trend.

[swscowods]

Bitcoin price is very volatile. Every one has his or her own analysis and the price of bitcoin is not stable. In my own opinion, it's hard to believe that bitcoin can get to 3000$. My own prediction is 5k

Exactly. This is what I believe as well. I can see Bitcoin will not fall below $5000 despite all the odds. This thing was actually observed when the value of Bitcoin fell below the $5000 in the late June and got recovered within hours after the fall. This happened twice which means that Bitcoin shows its reluctance towards the further fall and this is the reason it is one of the most demanded coin as well. The reason behind its success.

[feelivent]

The price of Bitcoin was tested several times this year around $ 5 k and always bounced back, so I do not believe
that the price  will go below that level. But if it happens and we face $3 k  for me it will be a call for action to all in.

In my view there is no bottom price for bitcoin because the price is not stable and there is huge volatility in the price. Nobody can say anything about the coming price of bitcoin. The difference between the predictors about the price is more than $40000. Therefore I want to say that there is no bottom price for bitcoin. It may reach or even drop in the coming days.

[hanlap]

Bitcoin has remained stable at $ 6,000 to $ 6,700 within the past month, but Bitcoin needs a few more months to get a solid foundation for a new wave of value.

[Leva777]

I think this forecast is still relevant. Just wondering will see what will happen if bitcoin is valid will cost 3000

[greeklogos]

Bitcoin has remained stable at $ 6,000 to $ 6,700 within the past month, but Bitcoin needs a few more months to get a solid foundation for a new wave of value.

On which facts based this conclusion or its just your feeling?
I am on the side of concrete facts from crypto experts and the most of them are saying that we are in the middle of bear market which has place to be from the beginning of the year, so by this information we will need to wait 8-9 months more, and that's not little at all.

[biletskiy]

Bitcoin has remained stable at $ 6,000 to $ 6,700 within the past month, but Bitcoin needs a few more months to get a solid foundation for a new wave of value.

Nevertheless, it is hard to believe that Bitcoin can reach 3 thousand. I am sure, the whales will never let BTC do it. It will be fluctuating between $6,200 and $6,800 for a very long time as I think.

[loof99]

I think it is very low, and this perception is likely not will happen because the bitcoins is very improving after its losses it incurred several months ago.
The increasing value in their investments rises the demand of their services which is a great thing to their own both beneficial interest.

[Question123]

I don't think bitcoin price become 3000 dollars this year 2018. Maybe the lowest price of the bitcoin is only 5000 dollars for this year because that is barrier and once decreased like that it will pump fastly but for now it will not happen because bitcoin price increasing again.

[CbineUltra]

While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

I think this analyst is wrong. The news background and technical analysis indicate a trend reversal. Bitcoin and altcoins will start growing in October, it's a fact.

[Pamadar]

I think this forecast is still relevant. Just wondering will see what will happen if bitcoin is valid will cost 3000

That can be a good timing for new investment, if in anyhow bitcoin touched that value again most probably more interested whales will buy it back and begin the massive pumped, we can't tell if the current position will hold and start to pumped we need to accept any possibilities and be wiser to take
any advantages that will be given if dip will show up and we still have extra money to invest.

[TheUltraElite]

I think this forecast is still relevant.

Its not called forcast. Its speculation based on pure assumtion and not valid proofs. There are nothing but speculation in a market and this is what is the evident show of that.

Just wondering will see what will happen if bitcoin is valid will cost 3000

First, before it can reach 3000$ it has to cross 5000 and 4000$ marks. During that time do you hope people who are waiting to get their hands full of bitcoins will stop? They will buy loads of it and the prices will have a support.

Moreover if the price drops below 6k$ then profitability for the miners also drop. They would need to buy some bitcoins to generate an articifial support level to keep their own mining worth the costs and electricity.

[drmasa]

That was maybe a possibility when market was crumbling, but facts are now different, technical indicators are showing bottom price 6k and most of the traders use that as bottom now.

[cathat]

I disagree with this analysis. The bottom is the price of 4000, all that is lower is chaos and a very long correction of the BTC price. The bottom should be torn off, then the price will become psychologically stable for the people.

[truongdhnh]

I do not think Bitcoin's bottom is $ 3,000 this is too low. Probably $ 5,000 but this time it is hard to make a judgment as the market has become much better. I hope Bitcoin will raise prices this year.

[TheUltraElite]

That was maybe a possibility when market was crumbling, but facts are now different, technical indicators are showing bottom price 6k and most of the traders use that as bottom now.

Bottom price is 6k was the prediction considering the current bitcoin mining operations otherwise becoming unprofitable. So they would buy bitcoin if it drops below that price in order to maintain the support level. Considering that the FUD and panic selling does not happen it will break the barrier and go up. But the impetus for buying is not coming at the moment.

I disagree with this analysis. The bottom is the price of 4000, all that is lower is chaos and a very long correction of the BTC price. The bottom should be torn off, then the price will become psychologically stable for the people.

Considering bitcoin drops to 5k, people are going to buy more coins and invest into it. Thosse who could not buy previously because prices were high. So that will show a correction in price.

[geopolisch]

The price of Bitcoin was tested several times this year around $ 5 k and always bounced back, so I do not believe
that the price  will go below that level. But if it happens and we face $3 k  for me it will be a call for action to all in.

In my view there is no bottom price for bitcoin because the price is not stable and there is huge volatility in the price. Nobody can say anything about the coming price of bitcoin. The difference between the predictors about the price is more than $40000. Therefore I want to say that there is no bottom price for bitcoin. It may reach or even drop in the coming days.

I think bitcoins dip from now on is 5.8k , I do not think we will ever go down to 3k and it will not be reached anytime in the future ever. Now I may be hyping bitcoin a lot but lets take a look at the miner fees and the number of people who have spent thousands of dollars on mining these stuff, considering they have spent thousands of dollars even millions of dollars into mining I doubt they will be fine by selling for loss and they won't sell for slight profit neither which means they will require it to be high and won't sell under certain price. In 2020 it would be halving so the price will definitely not see 3k after that too.

[CyberHashTech]

I would say as of October 2018, the only people who are holding Bitcoin fall into three categories.

Category 1 is people who have been holding Bitcoin from very early on and see it as a very long-term (10 years) investment. This group has probably already gotten their original investment back and are now just waiting to see what happens to Bitcoin in the future.

Category 2 is people that bought in the 12k-20k range that probably borrowed the money and just can't fathom or afford to sell now and realize that large of a loss. This group will most likely sell their holdings once Bitcoin recovers to $20,000.

Category 3 are larger professional investors that are used to getting a 10-25% return and are amazed that you can get that per month in crypto. This group is probably actively investing in new coins good or bad and selling once they've made 50-100%. They enjoy the volatility of the smaller coins and keep their capital base in Bitcoin for ease of deploying capital and its recently found price stability.

[TheGreatPython]

$3,000 is just too low. Price wont even touch close to $5,000. And if ever that happens it will just entice more holders to buy more and hold as everyone is anticipating the price of Bitcoin to break $20,000 USD by December again granting that there will be no other bups ahead like a major news that will shake Bitcoin again.

I understand the indicators and the calculations behind the 3000 dollar deal. I really do. However just because the charts are telling you that the bottom could be 3000 doesn't really mean it will go that down. What charts do not show you that there are a lot of people who would buy as much bitcoin as they can literally afford if bitcoin goes below certain limit.

There are miners there are traders there are whales so many people who would take out their check books and spend as much as possible to keep the bitcoin price over a certain limit. Chart may say 3k however people won't allow that to happen ever.

[horrifiedx1]

The price of Bitcoin was tested several times this year around $ 5 k and always bounced back, so I do not believe
that the price  will go below that level. But if it happens and we face $3 k  for me it will be a call for action to all in.

In my view there is no bottom price for bitcoin because the price is not stable and there is huge volatility in the price. Nobody can say anything about the coming price of bitcoin. The difference between the predictors about the price is more than $40000. Therefore I want to say that there is no bottom price for bitcoin. It may reach or even drop in the coming days.

I think bitcoins dip from now on is 5.8k , I do not think we will ever go down to 3k and it will not be reached anytime in the future ever. Now I may be hyping bitcoin a lot but lets take a look at the miner fees and the number of people who have spent thousands of dollars on mining these stuff, considering they have spent thousands of dollars even millions of dollars into mining I doubt they will be fine by selling for loss and they won't sell for slight profit neither which means they will require it to be high and won't sell under certain price. In 2020 it would be halving so the price will definitely not see 3k after that too.

we can see bitcoin trying to break price of $ 5800, and several times failed. until now it has even been above it. may be a turning point for rise of BTC. and the most important thing is we have to hold on until prices rise high

[InvestICO2L]

All of them are only reviews written on paper and that is only a prediction.
I will not believe in predictions, because predictions can sometimes be wrong and can also be true.

I'd better believe in myself.

Of course we should not depend on any news, we still need to have our own research about the coins we have. $3000 is not possible with bitcoin, well I trust this market so it will not happen. We may experience many dumps this year, bitcoin is still suppotted by many investors.

In any time, no one can predict the price of bitcoin exactly because of the highly volatile. Maybe the prediction of bitcoin price will touch $3000, but  maybe it’s not. We’re here for investing, trading and the like, we should give our hope on what we choose, we’d better not believe in any negative prediction. Imagine the price of bitcoin has decrease to $3k, what will you do? Just sit by yourself and complain, regret? Or be patience, manage time to find a good method and wait ?.  Let control your mind to a positive thinking.