BTC Falling to mid 3K Will it go down more?

[Agarthian]

I think the bearmarket isnt done yet as we are fishing for a bottom.

But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range


Any thoughts?

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[felicita]

On the 3 Dezember someone moved 66 000 Bitcoin from an wallet to another walled i guess there can also happening something very amazing now XD
But noone nows when its going again stable.


regards

[okala]

I thought it will recover from $3770 low but that support level has been broken and that is an indication that the market is really not doing very well currently. From the beginning of the year we have this bearish signal and the bearish market has run throughout the year, we hope that next year should be another bull run year so most of us can reduce loses.

[ololajulo]

The bear market around $3000 will last only for a while, maybe in few weeks towards the end of the year, If it struggles more can go further to $2000 (which could be rarely impossible), then $4000- $5000 for some more weeks in the coming year. Initially i was not comfortable with the price hovering around $6000 but Now, I demand it to get as low as it wants so as to start the next face build up.

[harizen]

I think the bearmarket isnt done yet as we are fishing for a bottom.

But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range


Any thoughts?

It is possible if we have to based on the current price movement. Not just that, even goes down more. But on the bright side, if some "thing" sparked along the way, it can changed the trend in a quick. Yes, most analyzations will crashed once a certain trend spoiled it. No one knows what will happen thereafter.

For now:
If anyone wants to enter, then just do it at the current price.
If decided to wait for more dips, it's up to them. But if the purchase is to accumulate and hodl, people can consider the current price.
Selling is not the right thing to do unless you give up.

Anyways my pointer is applied in my own approach and preferences. Others are taking advantages of the price swing by doing short term trades but not advisable for an inexperienced trader.

[tabas]

It is obvious that bears are around us and it has no intention to go away. Another support awaits us and it could possibly be $3,000 - $2,500. Hard support would be down to $1,800. That's too low for most but for those that have been holding it under that price its still a win but seeing the value lower is disappointing.

[xuan87]

I agree with your speculation,the bear market seems like going to continue and causing more damage to the price, many speculators predicted that the price will fall down really low before it can stabilize, some said it can be around 1000$, and there are no other a lot of optimism in the market,so its kind of bad situation for crypto

[jimbo2000]

It seems inevitable BTC will fall further. Hopefully that's not more than 2700. 2700 I believe is the last significant bottom that BTC had before the huge bull run and so it should prove a strong sticking point for the bears.

[fabiorem]

Yes, I think we might reach $1500 by Christmas, and $700 by February.

[mahilchii]

Yes, I think we might reach $1500 by Christmas, and $700 by February.

You lost faith in crypto it seems, one thing you need to understand at the moment that is to wait patiently for few more days, panic is not an exact solution right now. I can understand the market is very ridiculous but what can we do more than holding? 

[Shinpako09]

Yes, I think we might reach $1500 by Christmas, and $700 by February.

Hope not, this needs to be pump a little bit because i'm in need of fiat this holiday. If this happen next year, I won't going to sell my btc until the price will rise again even if it takes more than a year. It seems the fall isn't done yet and the recent rise to $4k seems just a trap.

[rickadone]

I agree with your speculation,the bear market seems like going to continue and causing more damage to the price, many speculators predicted that the price will fall down really low before it can stabilize, some said it can be around 1000$, and there are no other a lot of optimism in the market,so its kind of bad situation for crypto

But there will be very less possibility to break the support line around $3k zones. I am expecting prices will hold on this support levels. If there will be any positive news like approval of ETF or anything similar to that, we can be sure about positive trends in coming weeks. But, being neutral also will be dangerous as of now as more people will be losing their faith which may lead to panic selling as that is the core reason which caused this much dangerous so far.

By comparing the fall down happened in 2014 to 2015, I'm speculating positive trends hereafter. The market so far reacted very much similar to those time periods hence why not we can expect recovery also in the same way ?

[hubballi]

Yes, I think we might reach $1500 by Christmas, and $700 by February.

You lost faith in crypto it seems, one thing you need to understand at the moment that is to wait patiently for few more days, panic is not an exact solution right now. I can understand the market is very ridiculous but what can we do more than holding? 

Ya it is true that he lost his control and started to think of bitcoin getting dead, but it is not true, it was last week itself kn owed that market may test the $3000 level and then it will bounce back. So it is very good time to start buying now.

[jemarie20]

Hope the price of bitcoin back on its normal place soon, because many small people who support bitcoin suffer of this situation.  Hope the price of bitcoin never fall again.

[gabmen]

Yes, I think we might reach $1500 by Christmas, and $700 by February.

You lost faith in crypto it seems, one thing you need to understand at the moment that is to wait patiently for few more days, panic is not an exact solution right now. I can understand the market is very ridiculous but what can we do more than holding? 

Ya it is true that he lost his control and started to think of bitcoin getting dead, but it is not true, it was last week itself kn owed that market may test the $3000 level and then it will bounce back. So it is very good time to start buying now.

I don't know how those people selling at this point expect anything good to come out of it. I mean, surely they've sold at a loss here. A lot of people probably lost faith already since 2018 is having a good kick in the nuts to end an extremely bearish year, but i'm still positive btc will go forward ni matter how low the price dips.

[erikalui]

We may be back to $250 which was the case in 2015 and I'll be fine with it as I haven't invested in BTC but ETH is falling despite being more stable than BTC which is affected my other coins as well.

[xuv500]

We may be back to $250 which was the case in 2015 and I'll be fine with it as I haven't invested in BTC but ETH is falling despite being more stable than BTC which is affected my other coins as well.

A lot of them will Ignore cryptocurrency If the value of bitcoin goes to $250 also they will rate it as a scam. Expectations were different as we are in the last quarter I thought it may reach at least $10k, But crypto has another formula of downfall this year.

[Febo]

On the 3 Dezember someone moved 66 000 Bitcoin from an wallet to another walled i guess there can also happening something very amazing now XD
But noone nows when its going again stable.


regards

Coinbase moved them. Most of big wallets specially the ones with rounded numbers are owned by exchanges.

[budiarmed]

This year it seems like we have to learn to accept disappointment because the market is falling, bitcoin is falling out of control and might fall at a price of 2k. But even if it falls low, but in the future there are still opportunities to grow, and we don't need to worry for now.

[Kemarit]

I think the bearmarket isnt done yet as we are fishing for a bottom.

But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range


Any thoughts?

Obviously, its not done yet but we may be getting on the late bearish trend. So there's a chance that they might be exhausted and been stretch too far already.

I thought it will recover from $3770 low but that support level has been broken and that is an indication that the market is really not doing very well currently. From the beginning of the year we have this bearish signal and the bearish market has run throughout the year, we hope that next year should be another bull run year so most of us can reduce loses.

At this point, support levels are irrelevant because we're getting closer to the last bottom. So forget about looking for support as its not a good indication for now. Well 2017 was a bubble and it peak when we almost touch $20,000 and then followed by the bearish trend, which makes this another cycle. The only question is when will the next cycle starts? Well, it could be as early Q1 2019, so just prepared for the worst scenario (bottoming) and best scenario (start of the bull run).