$ 3400 is the lowest bottom?

[hitrawal91]

Bitcoin is trading at 18% below from late last year.According to experts this has started just after the harsh fork of Bitcoin cash and terrible condition of global market.The situation is so harsh that in late November-2018 the Chinese miners has started selling minig machine according to weight.

[1714735692]

1714735692

[1714735692]

1714735692

[1714735692]

1714735692

[1Referee]

Bitcoin is trading at 18% below from late last year.According to experts this has started just after the harsh fork of Bitcoin cash and terrible condition of global market.The situation is so harsh that in late November-2018 the Chinese miners has started selling minig machine according to weight.

Excuse my words, but seriously, fuck these experts. They have done nothing but mislead the mass in each and every way.

You are the prime example of why news outlets have become shit. You take everything for granted without doing prior research, and without knowing how this market actually works. At worst, the btrash fork added some fuel to the fire, but there never is one single reason why a market pumps or dumps. It's always a collection of factors. Last year it worked in our favor, this year it goes the other way.

In the end, there is no point in trying to find a bottom that you have zero control over. Every bottom you have in mind will likely be crushed and you end up being disappointed and more stressed out than before.

[pixie85]

The previous bottom of $100 is the lowest bottom. With enough FUD and negativity we could go to $1200 without breaking a sweat. And it still wouldn't be the end of Bitcoin, like some people are saying now. Bitcoin previously never went below the top of previous bull market in the second bear market.
I thought that it wouldn't break 5800 and when that happened I stopped following the price because it's too hard to predict. We are in panic mode now and there are no limits to how deep we could go from here.

[The Sceptical Chymist]

I used to rely on technical analysis and various information to give a article: bitcoin will return $ 1500.

I've expressed my opinion on TA many times before:  I think it's a load of garbage, looking at past price patterns in an attempt to predict the future.  It is akin to trying to create a crystal ball to foresee the future, and I'm pretty damn sure that can't be done.  Sometimes if momentum (up or down) is very strong, it's easy to make accurate predictions for the short-term, but in general I think TA is a load of voodoo horseshit.

Bitcoin is at $3371 as I write this, and it's anyone's guess whether it'll continue downward or rebound.  I have a feeling it'll rebound eventually, but I'd stare blankly at you if you asked me for evidence for this feeling.  Bitcoin is very hard to analyze since it's not a stock but a currency and not a widely-adopted one at that.  Where the price is going is just guesswork.  Some people get it right, but I think most people don't. 

As for the $1500 prediction, I don't think we're going to go that low.  Possible, yes.  But that would be one hell of a drop, and I don't think investor sentiment is negative enough to drive it that low.

[STT]

Technical analysis is related to statistics in that its a record of past price history.   There is no opinion in observing those facts, the part where it becomes variable is the opinion based on those facts and what has to be called probability.   Nobody knows for sure but you can guess the path by the tracks in the road, its a reasonable avenue of judgement just dont go standing in the way of a truck thinking you know better ok


Heres a very brief take

The recent top is the previous bottom pricing.   The blue line just an average of /50.   I think I had it on 15m bars here, the size of which varies by the high low price in that time frame.   Thats all just data really.    If I try to state I'm bearish then thats the guess part.

above 3500 would be seem more positive and 3900 is the 8 day average price

[Cacingkemi]

By the way at this time mass disposal occurred in BTC but still hoped that only at the 3K point would BTC be considered the lowest,if it continued to fall we might not see the 1500 low but below 1K and that would be more dumping that would occur later.Everyone might forget to invest in BTC until the whale increases its value again.

[CoinFoxs]

I used to rely on technical analysis and various information to give a article: bitcoin will return $ 1500.

I've expressed my opinion on TA many times before:  I think it's a load of garbage, looking at past price patterns in an attempt to predict the future.  It is akin to trying to create a crystal ball to foresee the future, and I'm pretty damn sure that can't be done.  Sometimes if momentum (up or down) is very strong, it's easy to make accurate predictions for the short-term, but in general I think TA is a load of voodoo horseshit.

Bitcoin is at $3371 as I write this, and it's anyone's guess whether it'll continue downward or rebound.  I have a feeling it'll rebound eventually, but I'd stare blankly at you if you asked me for evidence for this feeling.  Bitcoin is very hard to analyze since it's not a stock but a currency and not a widely-adopted one at that.  Where the price is going is just guesswork.  Some people get it right, but I think most people don't. 

As for the $1500 prediction, I don't think we're going to go that low.  Possible, yes.  But that would be one hell of a drop, and I don't think investor sentiment is negative enough to drive it that low.

I think the lowest price of bitcoin in 2018 would be 3000$ because if we have look on bitcoin graph of previous decade then we see this much crashing of bitcoin after every 4 years. Bitcoin already dropped 78% almost so I don’t think it will go to that much low price (1500$).

But the one fact we all should know that bitcoin is unpredictable so we can expect anything from bitcoin.

[coolcoinz]

By the way at this time mass disposal occurred in BTC but still hoped that only at the 3K point would BTC be considered the lowest,if it continued to fall we might not see the 1500 low but below 1K and that would be more dumping that would occur later.Everyone might forget to invest in BTC until the whale increases its value again.

That would be great. I'm completely ready for $1000. I bought for less than that and sold enough to make a profit that comes down to 3 times my 2015 investment. And it leaves me with more Bitcoins than I had in 2015, so even if we go to $1000 I'll have more Bitcoins than I had when I came to the space, those Bitcoins will be worth more fiat per coin, and I'll have more fiat on the side than I had in 2015. As long as you're not greedy and have your goals set straight, you will be happy with any outcome in any market. Sure, I could have sold it all at 10k and have more fiat, but that would equal more taxes, the government knowing that I'm a Bitcoin investor, and it would make me hold fiat on exchanges to buy the dips, which is a risk I don't want to take. It's all fine.

[sashu]

The price falls very fast. My opinion the price will break the resistance on $3000

[aragom]

All price predictions for Bitcoin seem to be very negative at this time. I used to rely on technical analysis and various information to give a article: bitcoin will return $ 1500. It seems that a lot of optimists think that $ 4800 would be the bottom. But after a month, at this moment it seems $ 1500 is absolutely possible. Tell me the price lowest bitcoin you ever thought would be how much $?

https://bitcointalk.org/index.php?topic=5071669.0

Absolute lowest price is zero!

However many point to $1500 as being the next floor to show any stability.

So most likely we drop to $1500 for ~ year , and then the Market place decides if BTC dies or pumps.
The deciding factor in that choice is : will be is their any real adoption by the populace.


 

FYI:
We have already dropped below $3300.

i think 2500 is lowest point in btc.
it cant go below because of the costs.
and it will drop bottom on last days of year.

and it will start to climb.

[funchiestz]

Yes, it may be the bottom for Bitcoin price. But we can't sure when it will the rise up again for new ATH! But now it is too early to say anything.

[playboy654]

Who knows? We will know when it become happened.

As far as I know the prices reached $3300 and little bit lower so the bottom level was breached further according to your technical analysis so we don't have to follow TA always.

[Prettymie]

All price predictions for Bitcoin seem to be very negative at this time. I used to rely on technical analysis and various information to give a article: bitcoin will return $ 1500. It seems that a lot of optimists think that $ 4800 would be the bottom. But after a month, at this moment it seems $ 1500 is absolutely possible. Tell me the price lowest bitcoin you ever thought would be how much $?

https://bitcointalk.org/index.php?topic=5071669.0

It's unpredictable and I don't believe on those TA because the mood of the investors are align with the market situation. Panic investors will sell their coins even at lower price and buyers will wait at the right price. Indeed if few demand then price will suffer to hit bottom.

[Bitcoinwaist]

$3k is the bottom. any lower and it will not make any sense to ever hodl in the future. if price is going to retrace to where the bull market starts everyone will just keep cashing out there will be zero incentive to hodl if you can eventually buy your position back after a 90% retrace after every bull market.

[Oilacris]

We might see another different bottom if the market loses its final support but I hope things would have changed by next year. I am excited to see the result of ETF and bakkt if these two could make a move at the market. So, for now, we will only be seeing the $3000+ as a bottom, i hope it would continue to rise next year.

[Omega Weapon]

All price predictions for Bitcoin seem to be very negative at this time. I used to rely on technical analysis and various information to give a article: bitcoin will return $ 1500. It seems that a lot of optimists think that $ 4800 would be the bottom. But after a month, at this moment it seems $ 1500 is absolutely possible. Tell me the price lowest bitcoin you ever thought would be how much $?

https://bitcointalk.org/index.php?topic=5071669.0

Just a few weeks ago I thought that we were already on the bottom and then bitcoin surprises me like it always does so I'm not really sure where the real bottom is but what I'm sure is that we have probably not reached it yet so we need to be prepared because it is very likely that the price of bitcoin is going to keep going down for a very long time and there is nothing we can do to prevent that.

[WatchMaker]

All price predictions for Bitcoin seem to be very negative at this time. I used to rely on technical analysis and various information to give a article: bitcoin will return $ 1500. It seems that a lot of optimists think that $ 4800 would be the bottom. But after a month, at this moment it seems $ 1500 is absolutely possible. Tell me the price lowest bitcoin you ever thought would be how much $?

https://bitcointalk.org/index.php?topic=5071669.0

I think the bitcoin price will bottom at $2k+ at the lowest. And I don't think the bitcoin price will drop further below $2k no matter the market situation.

[exstasie]

$3k is the bottom. any lower and it will not make any sense to ever hodl in the future. if price is going to retrace to where the bull market starts everyone will just keep cashing out there will be zero incentive to hodl if you can eventually buy your position back after a 90% retrace after every bull market.

A 90% loss in value after a 12,900% gain isn't really that bad. Remember where the last market bottom was: the $150 level in 2015. As long as price remains above the 2015 lows, the long term uptrend (higher highs, higher lows) will technically be intact. That's a far cry from $1,500 or the $2,000s which would be fairly reasonable.

If we incorporate Elliott Wave, then maintaining the bullish super cycle entails remaining above the 2013 highs ($1,200 level). I'm hoping to see $3K hold, but I won't become pessimistic until we are sub-$1,200.

[Ozero]

All price predictions for Bitcoin seem to be very negative at this time. I used to rely on technical analysis and various information to give a article: bitcoin will return $ 1500. It seems that a lot of optimists think that $ 4800 would be the bottom. But after a month, at this moment it seems $ 1500 is absolutely possible. Tell me the price lowest bitcoin you ever thought would be how much $?

https://bitcointalk.org/index.php?topic=5071669.0

There are predictions that Bitcoin will continue to fall until February of the next year and its price will be around $ 2,000. Therefore, its current price of about $ 3,400 may not yet be its price bottom. What will happen in reality, let's see, because it is impossible to predict the behavior of Bitcoin and the rest of the cryptocurrency. Although we can already say that the growth of the cryptocurrency market this year will not be.

[b3j0]

honestly I never thought if the price of bitcoin would go down so far, first I was very sure if the bitcoin would not fall below $ 4k. this is really beyond my expectations.