Bitcoin continues to decline?

[Lucius]

The beginning of the year has almost always been a bad period for cryptocurrency, and this year is no exception for that matter. Also this is just a continuation of bear market from last year, and it will probably last for next 6-7 months, except in the event of something very positive which can trigger the market on upward trajectory.

It is also possible that 3000$ is not final bottom, and it will be tested few more times this year. Although for some this seems like a bad situation, it should be kept in mind that this is just a good opportunity to join in crypto wagon. I remember all those who were disappointed with the high price just a year ago, and now they have chance to buy at low price. Unfortunately for most of people market is not driven by good fairies and there is no magic which can make price go up just like that.

[gabmen]

Well you know what? I don't care anymore lol. It's kind of stressful keeping watch over btc's every rise and fall. It did fall to the 3.3k levels but it did bounce back to where it was stagnant yesterday. I guess if ever it's going to decline further it won't be as panicking consider the drop we had all throughout 2018.

[ToyotaFortuner]

bitcoin will continue to fall when there is bad news spread in several media because there will definitely be many traders who read so many panicked traders ultimately prefer to sell their assets and have an impact on the price of bitcoin which will increasingly fall and get worse.

[arpon11]

Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

It is still very possible that bitcoin can fall below $3000 this year and the current price is not the bottom.  The bottom is still very far from the current level as the 200ma on monthly chart has not been touched.  If you desire to buy at the bottom then you have to hold as from next month we can start to see the direction of the market.  January has been an uncertainty time in the cryptocurrency market and we have to wait for February and March to be able to see new direction.

[bitbunnny]

I wouldn't say that the price is declining I would more say that is still some status quo. Some changes in price that we see are just smaller corrections but actually the trend from the last year continues.
If you ask me the market will continue this way for a while without major changes. It's possible also that price will fall even under 3000$ but I don't expect such scenario.

[Ronyx]

Trying to always be calm, there is always the possibility that bitcoin will recover or fall below 3k, and most importantly don't panic easily.

[Klausi]

It didn't decline so fast, but due to more panic holders the price went down slowly and tried to recover back in few percentage. Furthermore, there's always a positive trend that will happen in an unpredicatable period of time. We should be patient on waiting for that in the next coming months, because it's not that easy to be meet.

[omonuyak]

Inform of encouragement to us as a long-term forex trader, Bitcoin cannot continuously going down.  The law of cycle will  not allow that and at the same time it cannot continuously going up.  Those that makes money from the market are those that understands this law and follow it.

[VeeraS]

Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

this is quite difficult for traders and investors, I trade daily but the results get trapped because it always decreases.
I don't see any indication that the market will move up in the coming months.
I hope there is something that can arouse the market for bulls

[Barbut]

Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

this is quite difficult for traders and investors, I trade daily but the results get trapped because it always decreases.
I don't see any indication that the market will move up in the coming months.
I hope there is something that can arouse the market for bulls

Look at the market, downtrend is still active. Looks like price is trying to find some support, but judging by the markets its sims impossible. We can`t break $4000 and stay there. People are careful this days, looks like everyone is waiting bakt, or ethereum constantinopol, what ever that is, market is waiting something big to happen. I`m chillin this weeks, I`m waiting that to happen, and sooner or later it will, we just need to be patient.

[chulos]

That bitcoin would drop below $ 3000, i do not even think about it. Even if this happened, panic will come again and many will sell. But, i believe it will not happen.
We need to stabilize the price (not a few days or weeks) and then we can move up. On the other hand, there may be situations where altcoins can nicely grow in value.

[South Park]

Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

That is certainly a possibility and it is a scenario that we should contemplate but I do not really think that we will see a price that low, and if we did, it will not last long because the whales and investors looking for great opportunities are not going to let go the opportunity of buying bitcoin for a price below 3000, and as we know when the demand for something goes up its price do the same as well, so if you are waiting for a price like that I recommend you that you buy as soon as possible otherwise you'll probably lose your chance.

[raden1922]

Please give opinions that are simple but easy to understand. Thank you!

We are in Speculation section, expect all speculative statements here as "speculation".

maybe i am being too harsh but i say there is a clear distinction between "speculation" and "guesswork".
we can only call something "speculation" if it is actually speculating something based on at least some amount of analysis and is based on at least a couple of facts. the analysis can be technical or fundamental.
but when people start throwing random numbers at each other and make guesses that should not be called "speculation". although it is the most common around these parts.

Thank you for your opinion and also a description of speculation. I think the difference in analysis is natural, depending on understanding and thinking. Bitcoin continues to decline does not mean it will continue to plunge into the abyss, maybe this is just a season and will change to a green season. But at least I have hope that this condition will change in a better direction, even though there is no sign. But I am optimistic that it will change better.

[JohnBitCo]

Well you know what? I don't care anymore lol. It's kind of stressful keeping watch over btc's every rise and fall. It did fall to the 3.3k levels but it did bounce back to where it was stagnant yesterday. I guess if ever it's going to decline further it won't be as panicking consider the drop we had all throughout 2018.

If you know bitcoin trading and understand the charts well, then you will know that bitcoin price will always rise from the support. As soon as price touches the support level, there are good buying there and the price rises a bit from that level. The danger here is that if prices touches the support again and again, a time will become when it will break the support and fall further down.

[FIFA worldcup]

Inform of encouragement to us as a long-term forex trader, Bitcoin cannot continuously going down.  The law of cycle will  not allow that and at the same time it cannot continuously going up.  Those that makes money from the market are those that understands this law and follow it.

Bitcoin is moving currently very near to 200 moving weekly average and this is acting as a support for bitcoin. If you follow the trend then bitcoin will not fall below this average and with passage of time this average will move up.  So for me, this is the bottom for bitcoin.

[jhonjhon]

Inform of encouragement to us as a long-term forex trader, Bitcoin cannot continuously going down.  The law of cycle will  not allow that and at the same time it cannot continuously going up.  Those that makes money from the market are those that understands this law and follow it.

Bitcoin is moving currently very near to 200 moving weekly average and this is acting as a support for bitcoin. If you follow the trend then bitcoin will not fall below this average and with passage of time this average will move up.  So for me, this is the bottom for bitcoin.

We're now nearly reaching $3k and for me that's the bottom line for this year.  I know there is a huge resistance   pushing it up but it won't be enough to lift it up totally. 
We're are not totally sure if there is another fall happen this quarter cause we aren't controlled with the market.

[Capt00]

We're now nearly reaching $3k and for me that's the bottom line for this year.  I know there is a huge resistance   pushing it up but it won't be enough to lift it up totally. 
We're are not totally sure if there is another fall happen this quarter cause we aren't controlled with the market.

It is hard to make a final decision that we are now at the bottom price, yes you are right that we aren't controlling the price but there are some manipulating on this. They can't control but they can manipulate the price, so as of now let's wait and grab the opportunity will market is too cheap to buy Bitcoin and other cryptos.

[Polar91]

Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

I think bitcoin will not fall below $3k again. There are a lot of adaption in cryptocurrency this year and I'm looking forward for more. Also, the level of support in Bitcoin is very strong and as of now there's no sign of pull back.

[budiarmed]

It has not shown a recovery because crypto conditions are still fairly critical, try to be more calm and keep holding, the market will definitely be able to pump high.

[sheenshane]

Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

I think bitcoin will not fall below $3k again. There are a lot of adaption in cryptocurrency this year and I'm looking forward for more. Also, the level of support in Bitcoin is very strong and as of now there's no sign of pull back.

Yes, it might happen, as what I have viewed the video link on youtube posted by Jet Cash post in Bitcoin Discussion here, The price of Bitcoin is going down because the price is going down.
Even the CEO of Twitter social media says "Bitcoin currency is the native currency on the internet" they are supported with Bitcoin and they have a Cash App also that is supported with Bitcoin. No doubt Bitcoin will soon raise up soon even this bearish trend happen. However, as what they have said, only time can tell. So let's just wait at the right time.