[2019-2-5]Crypto Price: Will We See Bitcoin Trading at $1,800 Before a Bull Run?

[Vladdirescu87]

For almost 60 days now, Bitcoin (BTC), the leading crypto by market cap, has astonishingly held its own, failing to break below the $3,000 price level several times. This forced massive crypto traders to think that $3,000 will be the point level at which Bitcoin lays low in the latest market cycle (accumulation, uptrend or markup, distribution and downtrend or markdown phases).

The hypothesis has certainly taken hold, particularly among those anticipating that digital currencies will start to spike higher in the coming weeks, but some traders are suspicious that lower depressions are coming. For instance, Anthony Pompliano, the head of Morgan Creek Digital Assets, has commented on several podcasts, social media platforms, and publications that BTC could more likely fall below the promising $3,000 level.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/crypto-price-bitcoin/

[carlfebz2]

$1800? Its too low but we can possibly hit it up but I don't see any news nor any reasons to decline even more.Yes, we are on new lots or staying for a while on these ranges
but it seems bears already done to release their bags.

[bbc.reporter]

@carlfebz2. There is no such thing as too low, similar to that there is no such thing as too high during bull markets.

Also, I wish Tom Lee made the $1800 prediction. We would certainly begin to see a reversal hehehe.

[elda34b]

Sometimes I don't understand all of this prediction. Why not $1,700? $1,550? Where does the calculation come from? I learn TA for a bit and understand it probably has to do with candle formation or MA or some sutff like that. But there's a lot of prediction being thrown around. Maybe I'll collect all of this prediction to see who called it right and wrong.

[sunsilk]

Another prediction that it will be that low, I'm not sure if any of them will be accurate and this one is just making sure if ever the market won't recover that much from the past all time lows that we went.

Maybe I'll collect all of this prediction to see who called it right and wrong.

Yep, it's interesting on who among them will have the most accurate call for the market. And if it has ever done, that guy would certainly get the benefit that he's wanting for and will gain his respect from the community.

[Kemarit]

Maybe I'll collect all of this prediction to see who called it right and wrong.

And I'm sure that most of the predictions will be wrong, just like what we have seen in early 2018. A lot of predictions says that bitcoin will bounce back and at least be in the 5 digit levels, but we have seen that it's not the case. I'm not sure about the $1,800 prediction though, maybe they see it in their short term analysis. But we know that the price moves in opposite direction wherever we see someone go out in the media tell their prediction. I wouldn't say that I agree with him, but there's so many factors that it's possible that we already hit the bottom, so let's see.

[akamit]

As far I remember, when bitcoin was dancing from $6100-$6800, at that so many peoples predicted that bitcoin will not fall below $6000 because according to them bitcoin has a strong hodl there due to the fact bitcoin was bouncing back every time. But what happened later? Bitcoin broke that $6000 hodl and now we are here where we are.

We see almost every day a new prediction, so these predictions are worthless in my opinion. The market needs solid news to shake, and now we are lacking that thing.

[1Referee]

As far I remember, when bitcoin was dancing from $6100-$6800, at that so many peoples predicted that bitcoin will not fall below $6000 because according to them bitcoin has a strong hodl there due to the fact bitcoin was bouncing back every time. But what happened later? Bitcoin broke that $6000 hodl and now we are here where we are.

We see almost every day a new prediction, so these predictions are worthless in my opinion. The market needs solid news to shake, and now we are lacking that thing.

These predictions might seem worthless to you, but in your same post, it shows exactly why these predictions are very useful.

It was indeed so that people were very bullish overall when the price was still hovering over the $6000 level, and if there is one thing that does work more than it doesn't, then it's shorting the mass's euphoria, and longing the mass's despair. I went with the mass and paid the price for it with a long, but that's part of the game at the end of the day.

People right now seem to be overly bearish, and we'll see if it pays off to long their bearish sentiment. I am currently long.

[veleten]

we probably won't
1.800$ is too low a low and I am sure people will start buying if the price is going lower than 2500$
I know for sure I would and so do many of the traders/hodlers I know

[BitHodler]

People right now seem to be overly bearish, and we'll see if it pays off to long their bearish sentiment. I am currently long.

Did you open a position today or are you long just as in being long term bullish? If you opened a position today, it paid off well with a near 10% spike.

Overall, I have been saying for a while now that it's better to do the opposite of what the rest of the market is doing, and people seem to acknowledge that, but still aren't confident enough to actually put it in action.

we probably won't
1.800$ is too low a low and I am sure people will start buying if the price is going lower than 2500$
I know for sure I would and so do many of the traders/hodlers I know

I'm sure that some people will grab themselves some coins at these levels, but the thing is that once the price turns out to reach certain lower levels, people suddenly no longer buy....

[Slow death]

[...]

I'm wondering why coinidol chose this number: 1800. There are many values like 2500; 2000 ... But why choose $ 1800? this is the point Lately people choose any random number and say, "X is the bottom and then we will have the bull race". let the bull sleep and we focus on the random numbers, what are the criteria used to choose these numbers?

1.800$ is too low...

do not worry because coinidol chose a random number and the lowest one to attract people's attention to reading your news

[CryptoBry]

For almost 60 days now, Bitcoin (BTC), the leading crypto by market cap, has astonishingly held its own, failing to break below the $3,000 price level several times. This forced massive crypto traders to think that $3,000 will be the point level at which Bitcoin lays low in the latest market cycle (accumulation, uptrend or markup, distribution and downtrend or markdown phases).

The hypothesis has certainly taken hold, particularly among those anticipating that digital currencies will start to spike higher in the coming weeks, but some traders are suspicious that lower depressions are coming. For instance, Anthony Pompliano, the head of Morgan Creek Digital Assets, has commented on several podcasts, social media platforms, and publications that BTC could more likely fall below the promising $3,000 level.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/crypto-price-bitcoin/

The bottomline here is that only time can tell which speculation will eventually come true. Wwe all know that Bitcoin as one of the most volatile (if not the most volatile) investment tools has so many surprises on its sleeves. Though we have to admit that contradicting prophesies on Bitcoin are actually adding more buzz, more excitement and more reasons to talk about Bitcoin. I am however more inclined to believe that Bitcoin may not be going that very low.

[veleten]

meanwhile bitcoin price went up 300$ overnight
proving yet again that it is not very smart to make any long term (or short term) prognosis about it
was hoping for a bulls run, but it is not the time just yet, lets wait till the end of February, shall we?

[onrise]

meanwhile bitcoin price went up 300$ overnight
proving yet again that it is not very smart to make any long term (or short term) prognosis about it
was hoping for a bulls run, but it is not the time just yet, lets wait till the end of February, shall we?

300$ uprise itself is a good sign that people assuming it will fall and awaiting for the drop might not be successful and those who had being buying on this rates might make the money as bull run could take place for sure in coming time. Can this couple of hundred dollar rise just the beginning?

[sheenshane]

300$ uprise itself is a good sign that people assuming it will fall and awaiting for the drop might not be successful and those who had being buying on this rates might make the money as bull run could take place for sure in coming time. Can this couple of hundred dollar rise just the beginning?

I think this is not an upcoming bull run, we can consider a bull run if it takes time as a month(s) passed. Just an hour spike of the Bitcoin price and I think that is a normal fluctuation. I don't have technical analysis on this but probably there's one reason behind the scene, only whales know who manipulated the price on the market.

Yes, I agree with the replies above that the author of coinidol news is obviously wanted to get attention to the people into their website.

[coolcoinz]

So now it's 1800? I mean this is getting crazier by the day. I watch youtubers from time to time and if I'm correct Willy Woo had this theory about 2.5k before recovery and he was talking about it all the time when we were at 6k. Many people joined the choir when we fell below 5k and had their own theories but why the hell would we go to 1800 all of a sudden? It always amazes me that these TA people are looking for some arbitrary prices even though none of them carry any significance. I could say that we should retest 2017 lows of 860 USD. Why? Because it's the lowest price that year so it has to have a meaning. If 1800 has a meaning than 860 has it as well.

[Taki]

We may see any possible number before a new bull run, I would not cut a fantasy of people and say that the final price can be even lower than 1800$. We really unable to know it, the market is totally unpredictable.

[1Referee]

Did you open a position today or are you long just as in being long term bullish? If you opened a position today, it paid off well with a near 10% spike.

I just added to my position around $3400 because the price looked like it was a worthy buy, and thus far it seems to be a good choice.

It always amazes me that these TA people are looking for some arbitrary prices even though none of them carry any significance. I could say that we should retest 2017 lows of 860 USD. Why? Because it's the lowest price that year so it has to have a meaning. If 1800 has a meaning than 860 has it as well.

I'm pretty certain that most of them are heavily short still, so when the price does happen to tank to whatever sub $2000 level, they'll be making sweet money, which is why they don't care. It's pretty easy to not care much if you 1) have a decent hodl stash, and 2) have shorts open. In other words, you'll be gaining either way. Not a bad way of dealing with the current trend.

[BLAST2MARS]

That's because it is the sentiment of majority of the traders and investors. Everything are just dropping hard and it has stayed at that way for a very long time that those people are convinced on their own minds that bitcoin is still going to continue that trend.