Will bitcoin go below $3000?

[gabmen]

Let's just hope it doesn't for the sake of those that are shorting btc and miners. It's really hard to make any expectations  after we got to this year's all time low during the 4th quarter. What happened was against most people's bet.

[magneto]

Today bitcoin back to $4200. As we saw yesterday it was $3700. Is there any chances that bitcoin go below $3000? If yes then what will be the main reason for it?

I think that it's going to just be a short term rebound.

There are really two possibilities, one is that BTC prices stay put at around $4k and that would be support, or prices go down further. I do not think that in the short run, there are any reasonable prospects for bitcoin to have a bullish breakout.

There is every possibility as a result that bitcoin does dip below $3k, but I think that if it does, it wouldn't be able to stay below that level for long due to the demand for cheap coins that would form. But I think instead of trying to predict where the market is going to bottom out at exactly, it's much more productive to simply start accumulating at a regular basis at this point so that your entry/buy price can be nicely averaged out across this period of bearishness, which has shown to be quite profitable given that you have sufficient patience to wait for the recovery which I don't see happening this year.

[Shinpako09]

Of course there's a chance for it since anything could happen but with the little rise we had. It seems the price is strong and won't give up below $3000. Also, it seems the panic has gone now not unless they will saw a fall again and another known person will make a bad prediction that could trigger their weak hands.

[BuyBuyBitcoin]

The amount of buy orders at the $3500 make this very unlikely to happen in the future.

[miningguru]

Previously the price of Bitcoin will not fall below the 6000$ and now people are asking the question about the Bitcoin will below the 3000$, we don't know exactly the market is based on supply and demand but due to many panic people the price of Bitcoin will go down but how depth it will go, nobody, doesn't have exact guess.

[Clark05]

I hope the price will not become lower to 3000 dollars because that is not nice for us if we are going to see bitcoin price become lower the value. We need to pump bitcoin now before it's too late because if that continue we will lose more money that we invested.

[Wilhelm]

I hope the price will not become lower to 3000 dollars because that is not nice for us if we are going to see bitcoin price become lower the value. We need to pump bitcoin now before it's too late because if that continue we will lose more money that we invested.

The world isn't fair so "it would not be nice" isn't going to help you.
"before it's too late because if that continue we will lose more money that we invested." sounds like you are panicking. Other than that there are a lot of people still at a profit.

Sit back and enjoy the ride. Forget your coins for 6 months and then you will most likely be at a good profit. 

[RobinBarker]

Today bitcoin back to $4200. As we saw yesterday it was $3700. Is there any chances that bitcoin go below $3000? If yes then what will be the main reason for it?

I think that it's going to just be a short term rebound.

There are really two possibilities, one is that BTC prices stay put at around $4k and that would be support, or prices go down further. I do not think that in the short run, there are any reasonable prospects for bitcoin to have a bullish breakout.

Got your point.

it wouldn't be able to stay below that level for long due to the demand for cheap coins that would form.

However, this is a direct contradiction to your point, that Bitcoin won’t stay below $3000 for long. As per market sentiments, If demand of cheap/altcoins is to rise, then it won’t be too rude to say that bitcoin’s time is limited.
That, of course, is what I could make of your reply, if the case be any different, request you to please elaborate.

start accumulating at a regular basis at this point so that your entry/buy price can be nicely averaged out across this period of bearishness, which has shown to be quite profitable given that you have sufficient patience to wait for the recovery which I don't see happening this year.

Couldn’t agree more.

[xtn]

Maybe we will see bitcoin reaching the 3000$ bottom by the last quarter of 2019, it will be the bottom and bitcoin will start a new bul run after that.

[glowing10]

Maybe we will see bitcoin reaching the 3000$ bottom by the last quarter of 2019, it will be the bottom and bitcoin will start a new bul run after that.

I think you might have missed to place 1 or 2 before placing 3k. 2019 will be a better year and infact the 2018 might be also better than its present situation as December is still left and things might change for better in Dec for 2018. With that start 2019 might also move upwards and ends with 5 digit mark and not reaching 3k levels.

[Slow death]

Today bitcoin back to $4200. As we saw yesterday it was $3700. Is there any chances that bitcoin go below $3000?

yes it exists and I believe that if reach below  $3000 would be for a short time and the price would recover soon back to $3500 or $3700

If yes then what will be the main reason for it?

lack of demand and people are disillusioned but because they themselves deceived themselves and did not prepare psychologically for such a fall. Last year people bought bitcoin with the expectation that the price would be 2x, 3x 4x. they had high expectations, the price began to fall and people always kept saying, "Hold your coins because the price will increase," and the such specialists continued to make predictions of absurd prices and of course people still hoped that the price would increase, and at the end of the year was something like: "the last chance to see the price increase a lot: something that did not happen, so the people are starting to sell their currencies, because there really is nothing at the moment that causes the price to increase 2x, 3x, or 4x. what's left for people is sell

[Baofeng]

Today bitcoin back to $4200. As we saw yesterday it was $3700. Is there any chances that bitcoin go below $3000? If yes then what will be the main reason for it?

There's a chance for bitcoin to go below $3k it there's no demand and if buyers is outnumbers by sellers. Or if another FUD comes along that will make people panic and push the sell button. Right now though it looks like the price is going up again and might test $4300 so let's see how it goes. I wouldn't be surprised if it goes down because I believed that we need one more downtrend before the bull-run. The Bakkt offerings is pushed in 2019 so I'm speculating that prior to the Bakkt going live we might see another  the price moves lower over a period of time, most probably before the end of the year.

[carlisle1]

Today bitcoin back to $4200. As we saw yesterday it was $3700. Is there any chances that bitcoin go below $3000? If yes then what will be the main reason for it?

Nothing’s impossible and certain in crypto community since this is volatile market so things might happen ,or might not..but i am not closing the possibilities that we will go under $3,000 for bottoming but let us take this as an opportunity and not negativity,if this happens let’s purchase the amount we can afford for the profit of the near future

[Cacingkemi]

Directly to the reason you know why yesterday had dropped below 4K and now on above that,it's likely that it won't happen if it's under 3K cause it will definitely be pushed if it falls in the range of 3k-4K.Its likely that the BTC value will continue to grow for the ALT needs,so my opinion under 3K will not occur.

[JMD07]

Today bitcoin back to $4200. As we saw yesterday it was $3700. Is there any chances that bitcoin go below $3000? If yes then what will be the main reason for it?

I'm hoping not to fall to $3000 because it will push the crypto into a worst level with continuously bleeding. Although this will depends on the demand and buy support we have and hopefully we can see a good price in the coming days.

[BlackPanda]

I am sure that the price of Bitcoin will experience a positive change. the bad phase is over and now we will face a change that is far better. Bitcoin prices have been declining for several weeks now and we are all trying to give a positive stigma. I am very optimistic that when we use Bitcoin more often then we can see the price of Bitcoin increasing again. Bitcoin prices are very dependent on demand factors, so rates are used Bitcoin and we can gain momentum to make a profit.

[BitcoinGirl.Club]

Bitcoin prices have been declining for several weeks now and we are all trying to give a positive stigma.

I guess you meant several months. Since the last February the we are seeing price dropping. Anyway I wish the price drops more 

[InvoKing]

Bitcoin prices have been declining for several weeks now and we are all trying to give a positive stigma.

I guess you meant several months. Since the last February the we are seeing price dropping. Anyway I wish the price drops more 

To buy more coins?
The actual price isn't really interesting for miners essentially the smaller ones. Turning off their miners will lead to a drop of the difficulty most likely that will allow them to start over again. However, this cycle isn't as good as it looks for traders nor investors that joined recently our crypto world...

[BitcoinPanther]

I am sure that the price of Bitcoin will experience a positive change. the bad phase is over and now we will face a change that is far better. Bitcoin prices have been declining for several weeks now and we are all trying to give a positive stigma. I am very optimistic that when we use Bitcoin more often then we can see the price of Bitcoin increasing again. Bitcoin prices are very dependent on demand factors, so rates are used Bitcoin and we can gain momentum to make a profit.

That is possible.  Looking forward next month where BAKKT is scheduled to be launched, there are lots of speculation about Bitcoin increasing in price.  So investors tends to at least have a share of cheap Bitcoin and thinking to enjoy the profit when it come true.

Possibility is possibility, so yes there is a chance for Bitcoin to go below $3k.  Just pray that whales and manipulators have not accumulated enough else there is no way for BTC but to go up in price.

[BitcoinGirl.Club]

To buy more coins?

Certainly 

I guess Bitcoin price should controlled by the miners nor the traders or the whales or the market. The miners are producing the coins hence the miners should be the one who would control the price.