$3k range the new $6k range?

[dothebeats]

Definitely can't rule out a new low from last year's, and if that does happen, we should easily see $2,500 if not even sub 2k, though that shouldn't last long and will fill a lot of buy orders.

I have several buy orders placed on $2500 and $2300 respectively should this market turns bearish once more, though the range of this current cycle that we are on seems to be hovering between $3500 and $4000 which seems pretty stable so far. I still expect a lot of surprises this year, especially a possible drop from our current footing that's why I already placed a buy order that seems pretty absurd by today's prices. The ones who bought at higher prices are probably scared to buy in right now, and the ones who are looking to stay on a long position are taking advantage of the current price range IMO.

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[figmentofmyass]

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

i think a stable range has begun to form, yeah. i find that strong market moves work like damped sine waves. you first have a strong thrust, then you have oscillations that eventually become weaker and weaker as the trend dies into a range. like this:



based on the sheer magnitude of the fall (84% from the top) and the fact that it's been more than a year now since the crash began, i think the range will eventually breaks upwards. but that's probably many months away. retesting the lows or wicking through $3k first is pretty likely too.

[crzy]

Possibly yes but still it will depend on the market trend and only time can tell. We are stable on this range maybe we are preparing for a bullrun or just waiting for the market to go down and hit the bottom. I believe this is a different trend now and a more hopeful year for cryptocurrency to rise, let’s give at least this first quarter to confirm the trend.

[omonuyak]

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

I think price is going to break this stable range before end of January 2019. The speculation that are coming in are most positive and that is a sign that bitcoin will be more of uptrend than downtrend.  We should expect bullish market this year because I could remember this time last year bitcoin was doing well with bad news but this time around is going bad with good news.

[iv4n]

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

I think price is going to break this stable range before end of January 2019. The speculation that are coming in are most positive and that is a sign that bitcoin will be more of uptrend than downtrend.  We should expect bullish market this year because I could remember this time last year bitcoin was doing well with bad news but this time around is going bad with good news.

Price will stay between 3 and 6 thousand dollars for a long time, maybe entire 2019. People expect too much after 2017, that year changed how people think and what people expect. From my point of view price will stay calm for some time, market will be calm without big ups and downs. Of course I made many mistakes with predicting bitcoin price movement, many times I was really surprised. That`s why people should learn about buy support and sell resistance, trade for little, don`t be greedy and always have back up plan, what ever market do. If price made some huge jump it will be great, but I don`t see that happening in next year or maybe two.

[kateycoin]

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

I believe that this year is a great year but still we dont have any assurance to what will be the price of bitcoin this year if its move up or steady to what the price now.  Because many whales are playing the market so people confuse if this year will be go up or down let's continue to observe the market and continue to buy.

[adzino]

This is what it seems like. For the last few months we have seen the price being on the $6,000 range and was some what stable during that time. It was able to break the barrier/wall for a long time, and eventually crashed down to this $3,000 level. Looks like this is going to be the current range for now. If we are able to break this $4,000 wall, we might rise more. The opposite might happen too!

[buwaytress]

Definitely can't rule out a new low from last year's, and if that does happen, we should easily see $2,500 if not even sub 2k, though that shouldn't last long and will fill a lot of buy orders.

I have several buy orders placed on $2500 and $2300 respectively should this market turns bearish once more, though the range of this current cycle that we are on seems to be hovering between $3500 and $4000 which seems pretty stable so far. I still expect a lot of surprises this year, especially a possible drop from our current footing that's why I already placed a buy order that seems pretty absurd by today's prices. The ones who bought at higher prices are probably scared to buy in right now, and the ones who are looking to stay on a long position are taking advantage of the current price range IMO.

Yeah, I think the first wall of buy orders will be just above $3k, but most normal big time traders will feel that if prices hit that low, then they will breach $2.5k, so even I would speculatively set most of my orders around your levels, to take advantage of flash crashes from this point. Would only adjust it back above $3k IF we see Bitcoin make a strong rally to $5k and stay for several weeks at least.

As it stands, I can't benefit too much from either way. Can't buy any more, and don't really have a big sell coming up. I will be paying a big commitment in May so would be helpful somewhat to see at least 30% gains from today by then. 30% drop is just as likely though!

[2chase]

Now there is no reason for the price to continue to fall. Therefore, I think that in the next two months the price will return to the level of 6000, it is even possible that this will happen by the beginning of February, as a whole I am sure that the all first half of 2019 will have a positive trend for Bitcoin and for the rest of cryptocurrencies.

[STT]

It does resemble this but I always imagine we are when restricted in price, its set like a spring to release that range into moving in a new direction.     In the past its just continually repeated smaller range and waited until news happens.  In most markets I'm looking for an accumulation in trade or inventory where supply meets demand but BTC has its own mind on what it will do.

So right now I'm noticing the 50 day moving average is marking highs roughly.   This wont ever be as strong as 200 day and the interest that carries but still its a measure of the medium term and the markets mood positively or not


Also its waving about the 8 day average, doing the bartman ?

[Ararbermas]

6k range has a tends after correction in my opinion.  Which probably it will bullishing on the first wave but it will stop on that stage because for sure there will be another correction before it rising again "like what's happening always ". But i have doubts even though there's a correction always before rising up there's a high possibility in my view  that bitcoin will rocketed again but not too much.

[Tagus45]

I think bitcoin will be able to recover but the movement is still slow, and for the next one or two months it will be around $ 4400 - $ 4500.

[sunanbonang]

when viewed from the current situation it seems that the price of bitcoin will be stable for a long time, or the price of bitcoin will rise slowly. we'll see what happens next, a significant increase or a significant decrease.

[Kolikalex55]

I think that bitcoin to overcome the desired goal which was $ 4000 but to be sure of the uptrend you need to bitcoin breaks the mark of $ 6000 and above then people will understand that a new wave of growth begins. I think there and I think it will be very soon.

[target]

I think that bitcoin to overcome the desired goal which was $ 4000 but to be sure of the uptrend you need to bitcoin breaks the mark of $ 6000 and above then people will understand that a new wave of growth begins. I think there and I think it will be very soon.

Of course we want that to happen but we can not be for sure about this. People tend to overreact to things that happen over and over like forked coins getting dumped and ETF decision postponed again. It always happen because its always been planned. If things goes positive and breaks $6k then lucky for those who had already accumulated enough.

[arpon11]

I think bitcoin is going to stablelize around $4000 to $6000 through out the first quarter of this year and for the second quarter we should expect another bullish or upwards trend that is going to push bitcoin above $10,000 . I have seeing many good comments and articles about bitcoin lately and it seems that we are at the point when the market will pick up again.

I think that bitcoin to overcome the desired goal which was $ 4000 but to be sure of the uptrend you need to bitcoin breaks the mark of $ 6000 and above then people will understand that a new wave of growth begins. I think there and I think it will be very soon.

That is my view too and if we really want to get in we have to buy now that bitcoin is still around $4000. Anything outside this might keep you aside the next big move.

[snipie]

i think a stable range has begun to form, yeah. i find that strong market moves work like damped sine waves. you first have a strong thrust, then you have oscillations that eventually become weaker and weaker as the trend dies into a range.

Nice description. In fact, it is what happening for bitcoin price from quite time with a downtrend since 2018. I hope in 2019 we will experience some upward trending especially before summer or else it will be a hard year...

[thecodebear]

yes I essentially think $3k/$4k is the new $6k. That is to say $6k was the clear solid bottom of the market until the BCH split nonsense crashed the whole crypto market. Bitcoin is still bottoming out as it started in september, except now its in the 3000s and 4000s instead of 6000s due to that outside event. I would expect the price to for the most part remain in the $3k/$4k range for possibly the first half of this year or longer, before starting to move up permanently as a new bull run gets going. It could end early if there is some major news that shifts the market quickly.

[South Park]

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

It is possible the price of bitcoin will remain at a price close to the current level for some time since there does not seem to be many reasons to make us think a recovery is possible during the next weeks or months, it is precisely for that reason that despite my belief in a recovery of bitcoin this seems like a good moment to try to look for altcoins that could outperform bitcoin during the next months.

[Slow death]

I have several buy orders placed on $2500 and $2300 respectively...

Oh apparently most people agree that we will see prices much lower than the price of $3500, I wonder if the price drops to $2500, will we ever see the price reach $10,000 again? every month that paca the price is falling, we may see the price reach $1000.

starting to move up permanently as a new bull run gets going.

that word: " bull run "... I believe we will only use that word in 1 year