Is it drawing a box between 4800 to 5400?

[Blocktopian88]

Just saw an analyst said that from tele. What do you think?
The hash battle may result in the final drop?

[1714879998]

1714879998

[pooya87]

you can not analyze things when there is a lot of manipulation involved because it makes everything unpredictable. the price right now depends on how much more whale dump we are going to see and how long the BCH fake fight is going to last.

also i am starting to think that the hashrate wars may also affect things as bitcoin becomes slow again for a while. although i am not sure about this since in the past it had little to no effect on the price.

[dothebeats]

Short-term price is highly controlled by the whales due to the hashrate wars happening within the ranks of the BCH and its fork. Idk how it affected bitcoin and other coins as well but knowing that the same guys have a lot of coins in their arsenal, it's not impossible for them to manipulae the price.

Price depends on the guys with the bigger guns right now; the normal investors have to wait for everything to settle before getting comfortable again.

[jrrsparkles]

Just saw an analyst said that from tele. What do you think?
The hash battle may result in the final drop?

The price of bitcoin is just under $5400 for now but it may bump soon I believe since the price fell before also below the $6000 level but it soon recovered from that fall so it may happen again.ANd people said the current price fall is because of confusion between the investors of BCH investors to BTC so it may not last long.

[cellard]

you can not analyze things when there is a lot of manipulation involved because it makes everything unpredictable. the price right now depends on how much more whale dump we are going to see and how long the BCH fake fight is going to last.

also i am starting to think that the hashrate wars may also affect things as bitcoin becomes slow again for a while. although i am not sure about this since in the past it had little to no effect on the price.

I really don't see the relation related to hashrate wars on BCH camp when it comes to Bitcoin. Look at the BTC hashrate, it's working as usual. We have not seen a real allocation of hashrate by none of the big miners on BTC going BCH. The rumor is that Jihan may allocate hashrate into BCHABC camp. So it's possible that maybe this has become a sell the rumor buy the news event. I don't believe most people are buying CSW threats of dumping the price to $1000. His tweeter feed looks like that of a lunatic. Remember that big claims require big proof, and he failed to deliver on all of his big claims thus far.

He has managed to get all that hashrate on BCH because BCH is not that big. I will believe him when he takes down BTC as he is claiming.

[Gozie51]

The fall of price is really making the crypto community go wild. Myself I have been surprised but I do know we are going to be better later. The price range too between $4800 is like taking us to a more remote time  

[xIIImaL]

The fall of price is really making the crypto community go wild. Myself I have been surprised but I do know we are going to be better later. The price range too between $4800 is like taking us to a more remote time  

The people mind set are moving early days so we don't say anything in this bleeding market. All peoples are realise again in future so we should buy and hold for this dip it will make good profit in future. So we need buy some crypto but no one is take risk because some peoples are sell our things then buy it in Bitcoin,  It is one of the worst decision in crypto investment.

[cryptocrusher]

I suspect that given how the market seems to be holding relatively steady today and the recent strength of resistance at the previous low that we'll see the price back in to the 6000s. That being said, it could still go lower after that price is reached, I just don't expect it to happen in one big movement (if it even happens at all), rather a steady slide over another few weeks or months.

[TrumpD]

Just saw an analyst said that from tele. What do you think?
The hash battle may result in the final drop?

Things will be clearer next week. We are feeling the immediate impact of the hash wars, however, it should all settle down in a week or two and  suspect the price will rebound back to $6300 - $6500 range.

[DaMut]

Just saw an analyst said that from tele. What do you think?
The hash battle may result in the final drop?

Things will be clearer next week. We are feeling the immediate impact of the hash wars, however, it should all settle down in a week or two and  suspect the price will rebound back to $6300 - $6500 range.

I just hope it will not go any worse in a few weeks later, just shocked seeing Bitcoin went this much in just a single day.
I thought Bitcoin Cash fork and hash wars would not bring any significant movement to Bitcoin, but i was wrong. Just can not believe it, how could they do that ?

[Slow death]

What do you think?

you must ask yourself

- how many times have these analysts got their price prediction right?

if the price of bitcoin had risen to $ 10,000, all analysts would be saying that in the coming months we would see another ATH, but as the price fell are making pessimistic forecasts, this is already common in the world crypto

The hash battle may result in the final drop?

this is something I can not say, the only thing I know is that Roger Ver has temporarily directed all of its Hash power to its altcoin

[exstasie]

Just saw an analyst said that from tele. What do you think?
The hash battle may result in the final drop?

Looking at the channel/wedge structure on Bitstamp, it looks like $4,800-$4,900 is a good guess. It could rebound at the channel bottom or make a throwover slightly below.

If on the other hand, price sustains below that area, I think we're going a lot lower.....maybe the $2,000s even. We need bulls to rebound hard, show these dumps were bought up, and bring price back into the previous range. Otherwise it starts to look like December/January all over again.

[bitcoin31]

It so sad because the value of thr bitcoin decrease at that price . I hope it will back to the price again. Please don't continue for the price of the bitcoin. Because better to buy more bitcoin to up again the value of the bitcoin become 6000 dollars plus.

[Borocoin]

 Wait 3 days and we go to 4500 $

[harizen]

Just saw an analyst said that from tele. What do you think?
The hash battle may result in the final drop?

No one knows what will happened. Maybe people have the view like that but who knows there will be some "surprises" along the way.

You can take the analyzation coming from that guy and consider that as a reference. From there, you can made your own analyzation.

Im really not taking any speculations as of today as it's still on progress. It will just result for more confusion. Just watch closely.

[eann014]

Don't make predictions like that because the fake news would probably go on our way for sure and some of us will believe those fake news and withdraw their coins that will reflect with the value of the market which is not good.

[sunsilk]

Who's that analyst? each of them is entitle with their opinion but no biggie with those predictions. Conduct your own analysis so you don't have to depend with those analysts that are giving their pure opinion to the market.

IIRC, most of the predictions from these analysts failed for this year. It's up to you if you will follow and believe their words but we are already telling you that none of them predicted an accurate price for this year.

[davis196]

Just saw an analyst said that from tele. What do you think?
The hash battle may result in the final drop?

I don't trust such analysts anymore.You shouldn't trust them too.However,it's very possible that 5000 USD will be the new support level and the price might stay around that level for a long time.That's because nobody wants to buy large amounts of bitcoin,while the army of HODLers might decrease in quantity,because many people lose patience.

[palle11]

Don't make predictions like that because the fake news would probably go on our way for sure and some of us will believe those fake news and withdraw their coins that will reflect with the value of the market which is not good.

But if people withdraw their coins in such way, that means they are not really trusting on the coin or don't understand how the market works. Also, if people withdraw theirs, the effect will be temporary because new investors will come in .

[cryptocrusher]

Don't make predictions like that because the fake news would probably go on our way for sure and some of us will believe those fake news and withdraw their coins that will reflect with the value of the market which is not good.

But if people withdraw their coins in such way, that means they are not really trusting on the coin or don't understand how the market works. Also, if people withdraw theirs, the effect will be temporary because new investors will come in .

It's one positive for the long run, if weak hands are going to sell then it's better to happen now and they be replaced by stronger hands. I don't believe that there are many weak hands left and selling, I think this is mostly big players influencing the market with big sell orders. Most small fishies already left the market in the last 8 months.