$ 5,800 is the lowest threshold for Bitcoin in 2018!

[dacson213]

For now , that can be specified from the bitcoin price chart on Bitfinex available on Bitcoinwisdom. Bitcoin prices have fallen between $ 5,800 and $ 6,500 several times in 2018 but has never lower than 5800$ before it reachs 5800$ last year.
Source: https://blogtienao.com/5-800-usd-la-nguong-ho-tro-quan-trong-nhat-cho-bitcoin-trong-nam-2018/

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[Red-Apple]

saying this now means nothing because now it is 100% clear that this price you mentioned was the bottom of the price.

it would have been worth saying and worth reading about if it was being said back when the price was falling and only a handful of people were saying $6k is the bottom and price will stay above it even if it temporarily drops below.

[cellard]

saying this now means nothing because now it is 100% clear that this price you mentioned was the bottom of the price.

it would have been worth saying and worth reading about if it was being said back when the price was falling and only a handful of people were saying $6k is the bottom and price will stay above it even if it temporarily drops below.

There are many analysts or at least some that still maintain a lower bottom is possible. Tone Vays has been a bear for months and always says we are on death cat bounces whenever we start going up again.

But often times it is forgotten how he called $7500 as the best possible scenario for 2018, so he got it really wrong. This could be the same situation again but at the opposite, analysts like him are being too pessimistic and we may have already bottomed, so anyone following instructions to wait for lower prices will miss the boat.

[BrewMaster]

But often times it is forgotten how he called $7500 as the best possible scenario for 2018, so he got it really wrong.

that is how it has always been. and it is why they still make random guesses on the internet. simply because when you make a prediction according to what people are looking for not according to reality and speculation, you can easily get some moment of fame. if it is wrong then you will be forgotten among millions of others who throw some guess out and if it is not then you get another shot at moment of fame

[NorrisK]

Feels like the time bitcoin was hovering around 200-230 USD. A small drop to 160 marked the end of the bear market that time.

Was the latest drop to sub 5000 similar to the drop to 160 a few years ago?

[Yaunfitda]

For now , that can be specified from the bitcoin price chart on Bitfinex available on Bitcoinwisdom. Bitcoin prices have fallen between $ 5,800 and $ 6,500 several times in 2018 but has never lower than 5800$ before it reachs 5800$ last year.
Source: https://blogtienao.com/5-800-usd-la-nguong-ho-tro-quan-trong-nhat-cho-bitcoin-trong-nam-2018/

As of the moment, I should say yes, its the last bottomed we seen. However, we still have the September news coming from SEC, so it might have a bad effect on the market if the news suddenly went on a disapproval.

So we can't really tell unless we see a dramatic rise in the next coming months and we can totally say that we are out of the woods for another bottom this year.

[Harlot]

Feels like the time bitcoin was hovering around 200-230 USD. A small drop to 160 marked the end of the bear market that time.

Was the latest drop to sub 5000 similar to the drop to 160 a few years ago?

Nope because we might have reached to the lowest price point of this year and this might be one of our strongest known support since it went around that area a lot of times, this drop was absolutely more worse compared to before as we came from a 19,000$ ATH and even before it went below 10,000$ we know that this will be a bear market for us all. A 40% drop to 160$ is really incomparable to the 80 or more percent we experience now, it just shows how worst is the price volatility we are having compared to before.

[droptableguy2]

Feels like the time bitcoin was hovering around 200-230 USD. A small drop to 160 marked the end of the bear market that time.

Was the latest drop to sub 5000 similar to the drop to 160 a few years ago?

Market issues are also partly due to new investors. At 5k it is probably the last of this year. However, it will stabilize by the end of 2018, which will recover in early 2019.

[magneto]

For now , that can be specified from the bitcoin price chart on Bitfinex available on Bitcoinwisdom. Bitcoin prices have fallen between $ 5,800 and $ 6,500 several times in 2018 but has never lower than 5800$ before it reachs 5800$ last year.
Source: https://blogtienao.com/5-800-usd-la-nguong-ho-tro-quan-trong-nhat-cho-bitcoin-trong-nam-2018/

This is definitely the bottom of the market for now with some serious support and buyers waiting at that level to swoop up cheap coins, and many people believe that it's going to be the lowest trough that we'll see within this bear market.

I personally feel like that we'll probably see lower levels in the next few months, perhaps even into the next year, before the bear market finally ceases and the bull market finally comes.

Just based on historical data alone, prices usually fall around 80-85% before bottoming in a bear market. We're close to that figure, but not there yet. For that reason, I do think that we won't see much lower prices than $5.8k, but we may see further dips in the near future.

[Idrisu]

Yes,  it might not break below that level this year.  It is not going to make any significant bearish movements again no matter what happened in September.  Since two days back we have started to see bullish momentum and most of the technical indicators are showing bullish trend.

[bitcoin31]

I hope this year 2018 5800 dollars for the bitcoin will not happen again because it will not help to those people who have invested to bitcoin. I hope that is the last we see that price for this year 2018 and I hope will see more than 10k dollars next month and more than 20k dollars before end of this year 2018 upto 50k dollars.  Lets's support bitcoin so we cannot see again that price. Buy more bitcoin instead of selling bitcoin.  I think this is the right time to pump bitcoin again because we can earn more profit on that.

But if 5800 happen I will buy more bitcoin and better if we do that also.

[peter0425]

Yes,  it might not break below that level this year.  It is not going to make any significant bearish movements again no matter what happened in September.  Since two days back we have started to see bullish momentum and most of the technical indicators are showing bullish trend.

Yep, I would agree that TA indicators as of late is showing the bear market cooling off and bullish trend started to form. So I believed that this is the last bottom we are going so see this year. Although technically, the price could go down and touch another bottom, I'm looking at it on the bright side, will be another perfect time for everyone to go on another purchasing spree and load our wallets enough BTC and we will just sit and relax and see it grows come 2019.

[ralle14]

I hope this year 2018 5800 dollars for the bitcoin will not happen again because it will not help to those people who have invested to bitcoin.

But if 5800 happen I will buy more bitcoin and better if we do that also.

The time when Bitcoin hit $5800 it didn't even last for more than a day and it's only a short term loss there's always time for recovery even if it's going to hit a new low. No need to remind people to buy Bitcoin when the price hits below $6k surely there will be a lot of traders that are willing to throw their money on Bitcoin to maximize their profit since it's the lowest(?) price this year.

Market issues are also partly due to new investors. At 5k it is probably the last of this year. However, it will stabilize by the end of 2018, which will recover in early 2019.

In the last couple of years Bitcoin always tend to go up during December then after that it'll go back down. I think the same scenario would happen again but it won't be as big as last year.

[hawkins]

Yes,  it might not break below that level this year.  It is not going to make any significant bearish movements again no matter what happened in September.  Since two days back we have started to see bullish momentum and most of the technical indicators are showing bullish trend.

Well, I hope that price is the lowest price for this year. well, it can be said that it's really a very bad condition, but it's nice to see the price of bitcoin start rising again. Well, I really hope that the price will rise higher at the end of the year.

[onrise]

So many people had being recommending during 6k price range to start accumulating as it is near bottom out and it has happened couple of time form 6 to 8k it has reached this year. Had people being following it they could have made easily 2k on per btc multiple times in the year and got their profits booked in the short term investment.
 

[buwaytress]

For now, yes, that seems to be the stronghold for Bitcoin. At 7k now, even if it were to shed 15%, it would still be above 5,800, although I still harbour some suspicions that we're set to test the yearly low in June one more time at least - you just can't tell actually what's in store and it's a long four months to the end of 2018. Still have the kind reward from micgoosen in this "real bottomcaller" thread waiting to be claimed by someone else if that happens.

If we never go back to below 6k, we'll all be looking back to this year with mild regret!

[hulla]

saying this now means nothing because now it is 100% clear that this price you mentioned was the bottom of the price.

it would have been worth saying and worth reading about if it was being said back when the price was falling and only a handful of people were saying $6k is the bottom and price will stay above it even if it temporarily drops below.

Well, the OP speculaton does mean something buddy because we are still in last of Q3 of the year 2018 and anythng are possible. However, I don't see $5800 as the bottom price of bitcoin this year because there's going to be another huge dump in price when it December till early January of next year.

[dothebeats]

At least for now, that is the lowest recorded price for 2018, with a lot of ETFs rejected and a lot of negatives happening, I'm still amazed on how stubborn the price is. Many times have the bears tried to break $5700-$5800 but to no avail, ultimately resulting in a slight turnaround in price and posing some gains before going back to the $6k levels again. I'm not bothered that we are staying at the same price levels for long, as long as it proves that the levels we are standing at right now has a solid foundation.

[1Referee]

So many people had being recommending during 6k price range to start accumulating as it is near bottom out and it has happened couple of time form 6 to 8k it has reached this year. Had people being following it they could have made easily 2k on per btc multiple times in the year and got their profits booked in the short term investment.

Smart traders did so, but silently. Average joes as always only buy when the price has been going up for a while, because an increasing price boosts their confidence. In no shape or form will these people buy on the way down, especially if you take into consideration that most of them even believe that Bitcoin might become worthless at some point.

In other words, every significant decrease might give them the impression that it's done and over for Bitcoin, which explains why the mainstream media is adding fuel to the fire by triggering that weak spot. It's a disgusting practice, but for media outlets it's pure business. The only thing we can do is help newbies here understand the very basics of Bitcoin and this market, and hopefully they will turn into the next generation hodlers and users.

One of the most important aspects is that we should pop people's bubble that makes them think Bitcoin is a get rich quick tool.

[rickadone]

For now , that can be specified from the bitcoin price chart on Bitfinex available on Bitcoinwisdom. Bitcoin prices have fallen between $ 5,800 and $ 6,500 several times in 2018 but has never lower than 5800$ before it reachs 5800$ last year.
Source: https://blogtienao.com/5-800-usd-la-nguong-ho-tro-quan-trong-nhat-cho-bitcoin-trong-nam-2018/

This is what people are forgetting about bitcoin. They keep talking about how in 2017 bitcoin was $20k and all that and in 2018 we never reached those $20k levels but people are forgetting that bitcoin was $750 back in 2017 at one point (guess February or so?) and than it reached to $20k, in 2018 it never went below $5.8k levels and maybe it didn't reached $20k but the average is still in our favor because we also never went down to $750 dollar levels of 2017 neither.

Only the reason of we didn't hit the ATH doesn't mean that we are in a good price range, look at the price right now, its $7k, that is more than what it was on 2017 for a big margin, the only time it was more than that on 2017 was late November.