Bottom of BTC descending channel is 3000$?

[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.