Current Bitcoin Price prediction

[Wilhelm]

Looks like it could break upwards.
Anyway we still have a bigass queue of people that want to get out on the way up

Indeed. But in which price are they going to? I have a feeling that they want to get out on the way up but this is going to be way way up. Many people bought their crypto when we where near ATH due to fomo etc. so I don't think there is a change to get out earlier before at least reaching the level of the price where they first made the purchase.

As a lot of people are deep in debt or have little or no money reserves. They will feel the need to sell on the way up to pay for things.
Also you have the FOMO principle on the way up.... They will be evaluating : Sell or risk the price dipping again and losing more...
They don't think like "Whoaaa let's just forget about it for 3 years and cash big bucks"

Only a small portion will hold until they get to $20k. So at least up to $20k we will hit pockets of resistance.

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[futile-resistance]

Well, just like I have commented on other thread concerning this price prediction for bitcoin, I still maintain my position that it is quite still early to really know the direction the market will take but what I am quite sure of for now is that all minds should be totally out of that believe that the bull run everyone is waiting for will be this year.

Lots of facts and analysis available for us to pick from the internet which your own analysis too as said it all but I can categorically say too that the bottom we should all be expecting bitcoin to stabilize on for a while is 4200.

[bitcoin31]

My bitcoin price prediction right now after this week the value of the bitcoin is more than $4000 because right now the value of the bitcoin is $3900 and Im still waiting to increasw more for sure a lot of people waiting and excited again to see $4k obly little push we need and we Can do this again.

[numismatist]

Well, just like I have commented on other thread concerning this price prediction for bitcoin, I still maintain my position that it is quite still early to really know the direction the market will take but what I am quite sure of for now is that all minds should be totally out of that believe that the bull run everyone is waiting for will be this year.

Lots of facts and analysis available for us to pick from the internet which your own analysis too as said it all but I can categorically say too that the bottom we should all be expecting bitcoin to stabilize on for a while is 4200.

Bearish markets exceed 15 month. Peak has been that far in history. Worst case screnario would be touching former ATH resistance line as a new support line, speaking 1300$
At 1500$ it's a safe buy. Today, it still isn't.

[lablab03]

There are some news now that saying bitcoin price has a potential to reach 5000$ on this month of may.  wherein in my opinion definitely yes that it has a possibility also because surely that time market already have a full support again to make another correction of price . In fact it's enough time actually to regain all strength that have lost after the sudden fluctuation . So i agree soon bull will stand agan no doubts!

[omonuyak]

Drop to this $3500 or below is still very possible and it might not happen this week.  I see a strong support at $3700 and another strong resistance around $4200 area and if bitcoin can break above that level it might be heading up and if it pull back I think it might go below $3200.

[BUK2016]

Drop to this $3500 or below is still very possible and it might not happen this week.  I see a strong support at $3700 and another strong resistance around $4200 area and if bitcoin can break above that level it might be heading up and if it pull back I think it might go below $3200.

Seems you are contradicting your self dude, I agree with you about the support level around $3700 but I don't think there will be any further decline in the Bitcoin value below $3200 soon next as you predicted above.

[Hannahanto]

Last 5 days growth indicates to have a small pump in either tomorrow or in 3 days. We can expect around 150 dollars growth crossing $4000 minimum. Same growth ratio can be seen in ithe top currencies as well inclusing XRP as well.

[Barbut]

Last 5 days growth indicates to have a small pump in either tomorrow or in 3 days. We can expect around 150 dollars growth crossing $4000 minimum. Same growth ratio can be seen in ithe top currencies as well inclusing XRP as well.

Its a short term prediction, we should look further. Can we say that this year bitcoin price is stable, it has some range and we dont have big drops, but we dont have big raises either. This is good I think, like when I joined cryptocurrencies, prices just had one zero less, I will use this time to accumulate as much as I can before price starts to rise again. Not just bitcoin, some other cryptocurrencies will rise a lot too, we just need to have right investments now, to pick some good and promising coins and wait, doesnt sound so hard.

[BitHodler]

Drop to this $3500 or below is still very possible and it might not happen this week.  I see a strong support at $3700 and another strong resistance around $4200 area and if bitcoin can break above that level it might be heading up and if it pull back I think it might go below $3200.

Seems you are contradicting your self dude, I agree with you about the support level around $3700 but I don't think there will be any further decline in the Bitcoin value below $3200 soon next as you predicted above.

How is he contradicting himself? His English isn't perfect, but what he wrote makes perfect sense. In fact, it's probably one of the safest predictions to come up with at this point.

We won't be hovering around the same levels for much longer than a couple of weeks. We're very close to test the main descending resistance line that caused the price to continuously reach lower lows for over a year now.

We'll either pump straight to $5000 in case of a positive break, or retest the previous low of ~$3150. Obviously, I prefer the first option, but the ascending resistance has been an unbreakable barrier so far.

[Rewards.com]

Drop to this $3500 or below is still very possible and it might not happen this week.  I see a strong support at $3700 and another strong resistance around $4200 area and if bitcoin can break above that level it might be heading up and if it pull back I think it might go below $3200.

Seems you are contradicting your self dude, I agree with you about the support level around $3700 but I don't think there will be any further decline in the Bitcoin value below $3200 soon next as you predicted above.

How is he contradicting himself? His English isn't perfect, but what he wrote makes perfect sense. In fact, it's probably one of the safest predictions to come up with at this point.

We won't be hovering around the same levels for much longer than a couple of weeks. We're very close to test the main descending resistance line that caused the price to continuously reach lower lows for over a year now.

We'll either pump straight to $5000 in case of a positive break, or retest the previous low of ~$3150. Obviously, I prefer the first option, but the ascending resistance has been an unbreakable barrier so far.

thanks for backing me up homie.

[yohananaomi]

Maybe now we have to start accepting bitcoin growth realistically, because it's almost waiting for more than a year what has been predicted so far will prove the growth of bitcoin. even if there will be growth it might not be too high, actually at the moment I see bitcoin in a fairly stable situation. maybe my prediction of the end of year movement will start in Q2 will change, but until the end of the year it will not be more than $ 5K.

[Oasisman]

My bitcoin price prediction right now after this week the value of the bitcoin is more than $4000 because right now the value of the bitcoin is $3900 and Im still waiting to increasw more for sure a lot of people waiting and excited again to see $4k obly little push we need and we Can do this again.

I dont think it will go beyond $4k this week. If you can see the activity of Bitcoin price, it goes like a roller coaster ride. Theres a difficulty in reaching that mark, and I dont see any good news that could trigger the price to pump even just a little. Pretty sure the price would still be the same until next week or the remaining days of March

[adaseb]

The long and short ratio is at parity now on Bitfinex and it's almost $500,000,000 worth of open interest on Bitmex. Looking at the funding rates it seems many people are shorting and hedging.

You need to be careful the next few days, when there is so much open interest usually it means at least a 5% move. Way too many contracts open on high leverage.

No idea which way it would go. Since everybody is bearish it will probably go up then.

[Danslip]

The long and short ratio is at parity now on Bitfinex and it's almost $500,000,000 worth of open interest on Bitmex. Looking at the funding rates it seems many people are shorting and hedging.

You need to be careful the next few days, when there is so much open interest usually it means at least a 5% move. Way too many contracts open on high leverage.

No idea which way it would go. Since everybody is bearish it will probably go up then.

If everyone is going short then logically market makers will push prices higher. The bearish trend made a bias on the trader's mind and this bias doesn't let traders to go long. I expect 4500$ after trend reversal.

[KennyR]

The long and short ratio is at parity now on Bitfinex and it's almost $500,000,000 worth of open interest on Bitmex. Looking at the funding rates it seems many people are shorting and hedging.

You need to be careful the next few days, when there is so much open interest usually it means at least a 5% move. Way too many contracts open on high leverage.

No idea which way it would go. Since everybody is bearish it will probably go up then.

If everyone is going short then logically market makers will push prices higher. The bearish trend made a bias on the trader's mind and this bias doesn't let traders to go long. I expect 4500$ after trend reversal.

I don't find any form of trend reversal at the earliest. The market is predicted to make a gradual growth without steep pumps. The price could reach $4200, as that happened with the previous pumping. This doesn't assure with a bearish trend beginning, but gives assurance of growth reaching at least $6000 in the short run.

[michellee]

Anything could happen to bitcoin and as long as there is a buy and sell order, the price will always up and down. But for the price prediction, it still hard to say because we don't know what will happen in the next days. Maybe if we take a look closer, we can see there is a sign that will show to us where bitcoin price wants to move. Once again, we could only buy low and sell high and try to make a profit. But I don't want to see bitcoin will go lower than $3200 although the chance to go that number still there.

[Rewards.com]

Anything could happen to bitcoin and as long as there is a buy and sell order, the price will always up and down. But for the price prediction, it still hard to say because we don't know what will happen in the next days. Maybe if we take a look closer, we can see there is a sign that will show to us where bitcoin price wants to move. Once again, we could only buy low and sell high and try to make a profit. But I don't want to see bitcoin will go lower than $3200 although the chance to go that number still there.

Good points but I think btc could get under 2800 if we dont break 4k soon.

[exstasie]

No idea if you guys look at the funding rate for Bitmex, but looking at the recent funding rates:
https://www.bitmex.com/app/fundingHistory?start=0

It looks like its more negative than flat, which means there are many people who are either short or hedged.

I am guessing that since taxes are due in mid April, many people are hedging their Bitcoins to pay off their tax liabilites, basically similiar to what happened last year with the massive price crash and a recovery in late April 2018.

I've had my eye on that as well and I think you're right. Tax day is weighing heavily on my mind right now! I'm generating as much cash as I can from my other businesses to pay off my upcoming quarterly estimates so I can avoid selling any coins right now. If I didn't have enough cash flow at this moment I'd be selling coins to cover those payments though.

I'm still expecting an eventual leg up towards the $5K+ resistance area. The high shorts reinforce that idea. I plan to sell into that rally. Then I can finally take a well deserved vacation.

[2chase]

I think that such a scenario is possible, in which the situation on the cryptocurrency market will remain uncertain for a relatively long time. Thus, bitcoin can for quite a long time be kept in some corridor, for example, between $ 3,500 and $ 5,000, and they will not give it any opportunity to go beyond this corridor. This is also possible.