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

[nl247]

Small problem using market cap as any type of psychological barrier.

1 - market cap is horse shit.

2 - nearly half of that figure is made up of wretched shitcoins.

I don't think we're going to get a crypto spring until plenty more shit is flushed away. That means a market cap considerably lower than where it is at present.

Oh! I can't wait to see a lot of them get flushed down the drain as shit as they are. For now, I still feel we have not even reached the capitulation spot, as there could be more bearish conditions to come, but that is pretty much left for time to tell, and it would probably be at this point, that we will get to see so many of these altcoins take the death lane. I really just pity those who are busy holding some shit coins for quantity sake for the sake of some huge wealth in the long run.

[Dodoymabs]

As of this moment, we see that it shows some positive trends and hopefully this will continue to rise. So much more things happen this year which it triggered the crypto community that could possibly be in panic.

[maxamus]

Small problem using market cap as any type of psychological barrier.

1 - market cap is horse shit.

2 - nearly half of that figure is made up of wretched shitcoins.

I don't think we're going to get a crypto spring until plenty more shit is flushed away. That means a market cap considerably lower than where it is at present.

Oh! I can't wait to see a lot of them get flushed down the drain as shit as they are. For now, I still feel we have not even reached the capitulation spot, as there could be more bearish conditions to come, but that is pretty much left for time to tell, and it would probably be at this point, that we will get to see so many of these altcoins take the death lane. I really just pity those who are busy holding some shit coins for quantity sake for the sake of some huge wealth in the long run.

I don't think the BTC value will goes below $3000. Now the market is showing improvement and soft Green Signal which is the one investors are expecting from long period of time this year. In the upcoming days i believe the value is going to increase further and reach some good value above $7000. we need to watch closely on the trends in crypto market to get benefit from it.

[TimeTeller]

As of this moment, we see that it shows some positive trends and hopefully this will continue to rise. So much more things happen this year which it triggered the crypto community that could possibly be in panic.

Also, everything here is just speculation.
So whatever the price they will attach to bitcoin, has no meaning at all.
What I mean is, there's really no significant impact if somebody will say that this is already the bottom or not.
At the end of the day, you need to follow your own instincts and decide which one suits your current financial situation.

[KorakPawon]

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 hope it will stop from being down further. Bitcoin is indeed facing bad situation but it doesn't mean bitcoin will die or something. But, I agree that short-term investors are panic now and left, because they afraid to get lose and get nothing.

[eaglewhite80]

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.

it wont drop under 3000 dollar.
it is the deep level for bitcoin in 2019. and in 2020 it will go up and up.
i hope.

I can remember when a lot of people were busy saying it won't drop under $5800 some few weeks back. It is a market bro, and nothing is guaranteed, as we just have the trend to and price action to tell us what to anticipate. I believe however, that no matter how low the market goes, it is simply going to recover at some point, and that is when a lot of people would wish they never made the mistake of giving up on the market. Whether the market will end up bouncing at $3000 or not, only time will tell.

[Bonsaiav]

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.

it wont drop under 3000 dollar.
it is the deep level for bitcoin in 2019. and in 2020 it will go up and up.
i hope.

I can remember when a lot of people were busy saying it won't drop under $5800 some few weeks back.

Yes that is true, maybe I am one of those who say that, because I am not willing if the price of bitcoin falls lower and lower, but I realize that absolute market forces are in the hands of its users, as long as they are still easily influenced negative news that usually often results in panic selling actions, and a significant decline in market prices of course it will be something inevitable.

Whether the market will end up bouncing at $3000 or not, only time will tell.

But in reality, the price of bitcoin has bounced to the level of 3700 today, and it looks like he will move away from level 3000 as predicted by the OP.  I hope today will be a good start for the growth of bitcoin and other crypto prices.

[Slow death]

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

Although this thread is old, I have decided to post this thread even though I know the thread is old because of the following reason:

after 3 weeks the price rose to $3900, yes contrary to the opinion that the price is falling (I even prepared money to buy because I thought the price would fall to  $1500) to  $3000 the price has gone up, that means that Do not believe the opinion or analysis of the news channels in nor in the opinion of these famous faces of the crypto world. because they're always wrong

[exstasie]

I don't know if it'll be the ultimate bottom, but I think there's a good chance for a mid-term bottom here. Selling momentum has slowed considerably, there's horizontal S/R at $3K, there's long term MA support here as well. Daily Chande and RSI are in great position with potential bullish divergences too.

This low off $3,122 looks a bit weak with low volume, so I wouldn't be surprised to see another stab down but my overall expectation is something along these lines. If we draw a parallel to previous cycles, we're currently in late September 2014:

Definitely less volatile than I thought it would be, but we're still following the path I expected in mid December.

Regarding the parallel to the last bear market, I'm still torn. I'm not sure if this rally above $5K = the November 2014 rally or the June 2015 rally. Either way, it's probably a good opportunity to sell. We are nowhere near seeing any long term bull signals (like a weekly 20/50 cross) so we'll probably be grinding sideways for some more months yet as late bears sell and short the bottom. No hurry!

[gabmen]

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

Although this thread is old, I have decided to post this thread even though I know the thread is old because of the following reason:

after 3 weeks the price rose to $3900, yes contrary to the opinion that the price is falling (I even prepared money to buy because I thought the price would fall to  $1500) to  $3000 the price has gone up, that means that Do not believe the opinion or analysis of the news channels in nor in the opinion of these famous faces of the crypto world. because they're always wrong

I think we're already past that now. This 3.9k level seems to be on an accumulation stage and we may just go up from here. Though i wouldn't be surprised if we drop again to the 3.5k points but 3k flat is probably unlikely.

[Joeythewop]

As we all already seen once before ,BitCoin has come and  gone ,the ? Is "will it reach the $20,000 Mark as some predict this year.....

[omonuyak]

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

Although this thread is old, I have decided to post this thread even though I know the thread is old because of the following reason:

after 3 weeks the price rose to $3900, yes contrary to the opinion that the price is falling (I even prepared money to buy because I thought the price would fall to  $1500) to  $3000 the price has gone up, that means that Do not believe the opinion or analysis of the news channels in nor in the opinion of these famous faces of the crypto world. because they're always wrong

I think we're already past that now. This 3.9k level seems to be on an accumulation stage and we may just go up from here. Though i wouldn't be surprised if we drop again to the 3.5k points but 3k flat is probably unlikely.

That is really the truth about the current market situation.  Bitcoin bottom out is now a past things.  We are at the recovery face of the trading cycles and it is important we understand that currently bitcoin is doing well and very soon we would start to see consistently growth.

[Adriano2010]

As we can see bitocin price already grow, and now is not more the case that bitcoin price goes so low and to not be more profitable to most miners, i hope that this grow will continue all this month and all this year, even if is not high grow is still good.

[Barbut]

As we can see bitocin price already grow, and now is not more the case that bitcoin price goes so low and to not be more profitable to most miners, i hope that this grow will continue all this month and all this year, even if is not high grow is still good.

Price is up yes, but will this be a short time rise or bitcoin price will set up a new bottom at $5,000 we will see. We all hope for much higher prices, this is just 1/4 of the ath price, we have a long way to there. I`m optimistic, and this price rise just made everyone optimistic again, its nice to see that for a change. Let`s wait and see how high will go this time.

[Siren]

I think it should.

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

It did stopped at $3,000 level and now strongly beating the bear and pushing the bull at $5,000 level enough for me to say that bullrun is almost there

As we can see bitocin price already grow, and now is not more the case that bitcoin price goes so low and to not be more profitable to most miners, i hope that this grow will continue all this month and all this year, even if is not high grow is still good.

The OPs question is about the botttoming so lets focus on that,and the bottom has been reached already,now time to celebrate for the goodness of all cryptonians

[barota]

everyone know that bottom is not 3000 why ? because a curse of mtgox never end before big red in prices .... less and less and maybe a visit 1800 per btc

[exstasie]

everyone know that bottom is not 3000 why ? because a curse of mtgox never end before big red in prices .... less and less and maybe a visit 1800 per btc

You think if customers get their coins back in civil rehab the market will get dumped hard? I've got mixed feelings.

It will definitely add some supply to the market, but I'm not sure it'll catalyze new lows at this point in the price cycle. Maybe it'll be more like the August 2015 correction rather than the January 2015 crash. A retest of the 200-week MA but nothing too crazy.

[StarofBTC]

everyone know that bottom is not 3000 why ? because a curse of mtgox never end before big red in prices .... less and less and maybe a visit 1800 per btc

You must be a bit tired when writing this mate lol, you need to get some sleep because I don’t know why you want to return us back to 2 years ago with your $1800 prediction.

There is nothing in the market now or negative news that will make us ever witness that price again, even with all the negative news we have seen from SEC as regard BTC, the price still went ahead to surge, has that not interpreted to you that we have many investors coming in and if you are to base your fact on dumping, how many people are willing to dump their coin now for this token value we are seeing? So my dear, you have got to withdraw that price and keep it safe in your wallet.