Is it drawing a box between 4800 to 5400?

[wuvdoll]

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.

Analysts will always come up with their own predictions every single time, but that does not mean they are usually right and in most cases anyway, they are only always lucky if they even manage to be right. For now, how low the market is going to go is none of my own concern, but my major concern is how I am taking advantage of that.

Those who may want to sell for some reasons best known to them at this point in time, surely do not know what they are doing or why they are even here in the first place. Patience! That is all it takes at this point in time now and if the market goes lower, I would just be forced to even buy more as the case may be.

[justspare]

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.

Anyone who is believing some news and making decisions based on those news should in the end always have themselves to blame, no doubt. This is a market and things like this will most definitely happen every time, so in a way, I believe for those who are smart enough, they won't be worried about a market dropping since we obviously cannot give a full reason why and in a way, I can agree with most people when it comes to the market being manipulated. What is important right now is just basically to see this as a good opportunity to be buying into the market for good.

[Barbut]

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.

Anyone who is believing some news and making decisions based on those news should in the end always have themselves to blame, no doubt. This is a market and things like this will most definitely happen every time, so in a way, I believe for those who are smart enough, they won't be worried about a market dropping since we obviously cannot give a full reason why and in a way, I can agree with most people when it comes to the market being manipulated. What is important right now is just basically to see this as a good opportunity to be buying into the market for good.

Market drops from time to time, same as it rise from time to time, those fluctuations will never end. Some traders are earning on that, and for them this situations are good, in that time they are earning, shorting, they are bullish or bearish. For us long term traders this is a nice opportunity to buy some more coins and wait for next rise. Everything depends from what you wish, to risk and earn, or to be relatively safe and wait with your stash of coins. There is no place for panic in crypto world, those who panic will always lose in long run.

[forked human]

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.

Yeah, we need to understand when people start making prediction of their own chicons, so many times it become a source of demoralization and destruction of the trust factor.

[ethereumhunter]

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

Finally, the price has fallen too deep, and we are seeing $45xx-$46xx and the price still moving up and down on this day. I guess that many people panic to see the price is down so fast and they cannot wait too long to hold bitcoin again. The bitcoin market still makes war between the buy order and the sell order, and I see that it still going up and down in the next hours but I don't know if the price can lift to the higher price or not. Maybe it will be down for more because the trend still on the down, and I think we can wait for the next moment to shows up.

[fabiorem]

No, its more likely to go to $2500.

This is capitulation time. The network is clogged with transactions.

[YuginKadoya]

No, its more likely to go to $2500.

This is capitulation time. The network is clogged with transactions.

We can see so much value drop that is happening with the price of bitcoin right now I can see a tremendous manipulation with the price and because of the BCH this will apprehend a large portion of bitcoin to get an exchange in BCH, But I also believe that the price will not get to $2500 or below that level, The price would not get a drop that much because of the drama, And let's just wait for the drama to subside!