Do you think Bitcoin price will bottom out at $3000?

[AimHigh]

No one can say that or can determine on what happening to bitcoin on the next days if fall or rise. It is possible that bitcoin value fall up to the bottom not only fall up to $3000 but it is possible up to $2000 or lower than that but don't be afraid because it will not comes to the zero value just review the past of bitcoin how fluctuate the value and how fall and rise it. Don't afraid  just patient it will rise soon.

[yazher]

as for now we can't really tell how the price of bitcoin will gonna be. because the price is so unpredictable until the end of this year. If bull run never come this year. then the price of bitcoin will be possible to go down to $3000, but that's not the end of the price fall if no bull run this year, people will lose hope and probably the price will go down further.

[Finestream]

No one can say that or can determine on what happening to bitcoin on the next days if fall or rise. It is possible that bitcoin value fall up to the bottom not only fall up to $3000 but it is possible up to $2000 or lower than that but don't be afraid because it will not comes to the zero value just review the past of bitcoin how fluctuate the value and how fall and rise it. Don't afraid  just patient it will rise soon.

I agree.Bitcoin has still have high chances to go down to its more lower price making the market more bloody.I'm really disappointed seeing the market now but somehow,i know everything will be back again in its normal price few days from now.We just have to be more patient this time.As long as there are still people who never give up on bitcoin,it won't lost its value.

[pakhitheboss]

I think btc will no longer go deep down to $3k and most likely this will be soon back  to normal in a couple months. As per observation, the expected bull market may not be clear in December but I would speculate that there  will be a slight increase but not a major bull market.

Present scenaria the price is hovering betweem $3300 - $3900 level. I hope it does not go below the $3300 level. I know it is impossible to predict the price but, logically the marketcap cannot go below $100 billion mark. Which means it should bottom out at $3000 level.

[pakhitheboss]

No one can say that or can determine on what happening to bitcoin on the next days if fall or rise. It is possible that bitcoin value fall up to the bottom not only fall up to $3000 but it is possible up to $2000 or lower than that but don't be afraid because it will not comes to the zero value just review the past of bitcoin how fluctuate the value and how fall and rise it. Don't afraid  just patient it will rise soon.

I agree.Bitcoin has still have high chances to go down to its more lower price making the market more bloody.I'm really disappointed seeing the market now but somehow,i know everything will be back again in its normal price few days from now.We just have to be more patient this time.As long as there are still people who never give up on bitcoin,it won't lost its value.

I know we cannot predict the price but, I doubt it will go below $3000. There is a strong resistance at $3300 level.

[hadveach]

good analysis, but, I think some of the remaining investors will retain their assets. they believe that BTC will create a bullish again.

so, it's impossible for them to sell BTC at a very cheap price. BTC might drop below $ 3000, because hash battles still occur.

but, I'm also still confused, will be there more investors who can pump prices? or will there other factors that can pump prices?

[pakhitheboss]

as for now we can't really tell how the price of bitcoin will gonna be. because the price is so unpredictable until the end of this year. If bull run never come this year. then the price of bitcoin will be possible to go down to $3000, but that's not the end of the price fall if no bull run this year, people will lose hope and probably the price will go down further.

I doubt there will be a Bull Run this year. But, I believe the price will not fall below $3000. Bitcoin dominance in marketcap is more than 50 percent. Logically if the market cap goes down below $100 billion then most Holders have now become panic sellers. which I doubt will happen.

[kotajikikox]

I think it should.

As per CMC the total Market cap is only $121 billion. If the price of Bitcoin hits $3000, then the market cap approx will be $100 billion. I may be wrong in the calculation, but it will be less to what it is now. Which means most of the short term investors and panic sellers have left the market. Those who are left are either long term holders and big whales.
The only option left for these whales is to pump the price  at $3000 level.

What do you think? will stop at $3000 level or will it go further down

I am telling the truths i don't believe price analysis all prediction came from analysis are failed, Expert from the financial institutions are failed to predict bitcoin price movements, Maybe it's possible to reach 3000$ price dumped or lower that amount before bitcoin raised again their value.

[kawetsriyanto]

The exact number can't be predicted, mate. Although we can make a prediction in a mathematical way, in fact the price of bitcoin will follow how the traders and buyers set the rates. As it is decentralized, no one really knows how much the fluctuation.  
 

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[Cryptotissue]

I don't think the market value of Bitcoin will go below $3000 or reach $3000. Looking at how the current tradings, the lowest price bitcoin might hit will be between $3500 and $3600. I see Bitcoin price rising in the month December to the early aspect of 2019.

[richminded]

Only if we can say things in the future without any doubt. The bottom price of bitcoin will only tell in time, let's just wait for that and hope that we can survive if we hit the bottom. I just stay focus on holding with my bitcoin, buy more every time I have spare money because its cheap and we should grab this opportunity.

[ralle14]

After the decline/bloodbath that started 2 weeks ago anything's possible. Imo it's only a matter of when because right now the price is slowly recovering it can easily turn around in the next week or month if majority of the traders plans to sell again. I also don't like where Bitcoin is at but that's what happens when a price suddenly peaks within a year.

I know it is impossible to predict the price but, logically the marketcap cannot go below $100 billion mark. Which means it should bottom out at $3000 level.

Why not?

[sunsilk]

I can't tell if we will bottom out at $3,000 or below that but this crypto, full of fluctuations. Let every speculations pass and let the market decide if we're going to break out but basically I'm not thinking of the bottom, I'm starting to realize on how much bitcoin would reach to the ceiling soon.

I see Bitcoin price rising in the month December to the early aspect of 2019.

It is the reason why I'm starting to realize on how much it would be because of early positive speculations. But again, let each of our speculations see what's going to happen, we might be wrong or correct with what we are saying until that day comes.

[coinholic]

This is very possible since the price is actually nearing in to that value. Bitcoin may go all the way to an 85% price drop from ATH last January. But that's what Bitcoin does before making a huge recovery. So, nothing to worry about. We just need to be patient during this condition.

[btc-room101]

Truth is no one knows.

TRUTH is EXPERTS KNOW

Truth is there is nothing new under the sun

Truth is BTC is down 90% year-to-date, and statistically it can go down this year another 90%, and this is the TRUTH.

You can't lie with math, it could also possible go back up 90%, maybe but then it would only be back near $7,000.

This is truth.

Truth is there is NO BOTTOM except zero, but BITCOIN is here to stay, and most likely it will mean revert back to near $1k, and float around that region +-90% for years to come.

[sudeshkumar]

No it will trade around 3200 dollars which is the psychological range between 3200 to 3800 I do not think it will bottom out at 3000.

[pakhitheboss]

After the decline/bloodbath that started 2 weeks ago anything's possible. Imo it's only a matter of when because right now the price is slowly recovering it can easily turn around in the next week or month if majority of the traders plans to sell again. I also don't like where Bitcoin is at but that's what happens when a price suddenly peaks within a year.

I know it is impossible to predict the price but, logically the marketcap cannot go below $100 billion mark. Which means it should bottom out at $3000 level.

Why not?

Cause  the dominance of Bitcoin in the market is more than 50 percent. If the market cap goes below $100 billion there will be a panic selling which will result not be fruitfull for whales. Furthermore miners will stop mining. This might result in total collapse of Cryptocurrency market. Most of the ALTS will die.

Those who are manipulating this market will never want this to happen.

[deppil]

thats the only question when we hitting the bottom. And its always the Question on every fall .
Most users here hope we have still reached out the bottom currently.


kind regards

The big issue is when you hit the bottom you'll still not be too sure because it comes on such a rough day, it could have easily been this past week or 2 grand down from now. We won't know until the recovery starts.

we find this topic every price falls. so when prices fall to $6k and $4k many ask whether we have reached the bottom line? the answer is not necessarily because the price change depends on the current conditions and situation. so it's very possible that prices will fall more than this. the most important thing is that you must be prepared

[Juggy777]

I think it should.

As per CMC the total Market cap is only $121 billion. If the price of Bitcoin hits $3000, then the market cap approx will be $100 billion. I may be wrong in the calculation, but it will be less to what it is now. Which means most of the short term investors and panic sellers have left the market. Those who are left are either long term holders and big whales.
The only option left for these whales is to pump the price  at $3000 level.

What do you think? will stop at $3000 level or will it go further down

I believe bitcoins has already bottomed out at 3100$, and the panic sellers have left the market for good. As we have been seeing bitcoins prices touched 4k, but it came down to 3800$ As it could not sustain those levels. I feel it's finding resistance at 3500$ levels, and with the news of Nasdaq futures coming in a rally may soon be on cards hence I feel it should go upwards now.

[suzanne5223]

I think it should.

As per CMC the total Market cap is only $121 billion. If the price of Bitcoin hits $3000, then the market cap approx will be $100 billion. I may be wrong in the calculation, but it will be less to what it is now. Which means most of the short term investors and panic sellers have left the market. Those who are left are either long term holders and big whales.
The only option left for these whales is to pump the price  at $3000 level.

What do you think? will stop at $3000 level or will it go further down

Since we are yet to reach the bottom price of bitcoin market for this year, I think the chance for the market to dump to the $3000 price range is possible because the supply level in the market is high than the demand level and we're in month where people sell there coin in other to get the family something for the holiday.