Bitcoin Price Could Sink to $1,850 Despite Bullish Crypto Momentum

[BitHodler]

Can Bitcoin drop to zero? Yes it can. But is it likely to? No!

Maybe after decades of no progress, but in crypto there is no such a thing as a coin becoming worthless as in zero. Even scam coins that got exposed years ago still have some sort of a value tied to them.

The worst part is that during bull runs these coins are getting pumped to the moon after a lengthy process of accumulation by pumpers. People buy these coins hoping for that massive pump.

It's sad to see this take place in crypto, but what can you expect from an industry that thrives on speculation and moon shots? People ask, and scum delivers, that's how the situation is here, and it won't change any time soon.

[Indrawan77]

It's possible to see botcoin dropping but below 2000$ is a bit unlikely, the support level of bitcoin is high, when it fall down at certain level we will see a lot of people buying, when it fall down below 3000$ I believe there will be a lot of demand, chart and speculators did said that the possibility of the price falling down below 2000$, but I don't think the market and the investors will allowed that to happen

[BlueStackz]

Bitcoins is not sinking anytime soon and all these numbers are just a ploy to make you sell your bitcoins. If you may have observed everytime bitcoins starts to rise post a bear phase these so called analysts come up with similar numbers, the fact is they’re jealous and upset they sold it early. Also it’s pertinent to note that bitcoins has a strong resistance around 3300$ levels so there’s no way it’ll sink.

We know those people mate and we have gone past the stage of panic selling now, how will someone go through that stress of analyzing the downfall of bitcoin prices if he is not part of whales, right now, we are all ready to play along with the whales, we cannot be shaken again like it took us by surprise in 2017/18.

Bitcoin has even proving itself strong when it went against their prediction of getting back to $3k last week which reverse was the case, bitcoin ended up seeing the light of the day and crossing over the $4k boundary, same thing bitcoin will keep doing now till it gets to $9k before the end of the year.

[Wind_FURY]

It's conceivable. If there was any sustained selling most would run screaming and let it fall. There are very few people out there willing to resist a concerted attempt to batter a price level. They come skulking back when it's all over and claim they knew it was going to happen all along.

I don't care any more about short ish term prices. What will be will be and nothing will change it.

It is, but I'm confident that there's a higher probability that Bitcoin has hit bottom, than going through another crash.

Bitmain has already showed its cards in anticipation of what might come, https://bitcointalk.org/index.php?topic=5122170.0

[gabmen]

It's conceivable. If there was any sustained selling most would run screaming and let it fall. There are very few people out there willing to resist a concerted attempt to batter a price level. They come skulking back when it's all over and claim they knew it was going to happen all along.

I don't care any more about short ish term prices. What will be will be and nothing will change it.

It is, but I'm confident that there's a higher probability that Bitcoin has hit bottom, than going through another crash.

Bitmain has already showed its cards in anticipation of what might come, https://bitcointalk.org/index.php?topic=5122170.0

Well that goes for me as well. Trying to figure out short term movements for btc is quite stressful and if you can afford to go long then why take a bigger risk? I think if the price is still going to drop, it's not going to be far from where we're at right now.

[Wind_FURY]

It's conceivable. If there was any sustained selling most would run screaming and let it fall. There are very few people out there willing to resist a concerted attempt to batter a price level. They come skulking back when it's all over and claim they knew it was going to happen all along.

I don't care any more about short ish term prices. What will be will be and nothing will change it.

It is, but I'm confident that there's a higher probability that Bitcoin has hit bottom, than going through another crash.

Bitmain has already showed its cards in anticipation of what might come, https://bitcointalk.org/index.php?topic=5122170.0

Well that goes for me as well. Trying to figure out short term movements for btc is quite stressful and if you can afford to go long then why take a bigger risk? I think if the price is still going to drop, it's not going to be far from where we're at right now.

I believe the miners, and the ASIC-making companies are taking the biggest risks of all compared to all the other Bitcoin speculators. If they are becoming more aggressive, then I believe, so should we.

[lablab03]

Nope its a huge dump if it will happen.  Because bitcoin now is making progress up to 5k value base on some expert analyst. So if it will fluctuate after this bullish. perhaps it will stand still on the current resistance wherein 3k value and will not go further in my opinion because of being have strong support.

[Jating]

But since this news was released, bitcoin was still making a good price rally and even touches $4k. Another reminder that when someone wanted to create FUD, and make people panic, bitcoin price goes into opposite direction.

And now that trading volume is spiking, I doubt that the price could sink < $2k as the article is pointing. Maybe this is the start of a slow recovery process, next stop is $4200-$5k. So once the price goest to that level, I don't think that we can go below or even see another all-time-lows.

[Shinpako09]

Of course there's still a chance for this but I guess most aren't thinking of this right now and I guess the percentage of this is quite low. Most are focus and thinking of bullish momentum. Also, for me, we have a greater chance in breaking $5k rather than going down into that price.

[KingScorpio]

your bigger problem will come once the us dollar breaks, and the euro usd parity that is still guaranteed by the indepting european banks and especially german banks, will be given up.

[barota]

bitcoin will crash to level 1800----2200 for sure , people follow uptrend , for this reason price over 5300 now , the crash of bitcoin does not end till now
if prices dont crash this year 2019 ,for sure, in 2020 prices bitcoin will crash to level 2000

[serjent05]

In the past 3 months, the Bitcoin price has been relatively stable, performing strongly against the U.S. dollar with solid volume across major markets in the likes of the U.S. and Japan.

Since December 16, within a 3-month span, the Bitcoin price has increased from its yearly low at $3,122 to $3,943, testing the $4,000 resistance level.



3-Month Bitcoin Price Chart (Source: Coinmarketcap.com)


The stability of Bitcoin has led many tokens and alternative cryptocurrencies to record large gains against both BTC and the USD, with assets Litecoin, Enjin Coin, and Kyber Network surging by 50 to 100 percent in short time frames.

However, speaking to CCN in an interview, a cryptocurrency technical analyst known as “Bleeding Crypto” said that a drop to $1,850 still remains a strong possibility for the dominant cryptocurrency.
Why $1,850 For Bitcoin?

Earlier this month, after Bitcoin cleanly broke out of $4,000 but failed to break out of the crucial $4,200 resistance level, the technical analyst said that a drop to $2,400 to $3,100 is likely to be the next near-term move for BTC.

    Bitcoin > $4,000

    — Barry Silbert (@barrysilbert) February 23, 2019

According to the analyst, in mid-2017, Bitcoin remained in the $2,400 region for several months before dipping to $1,850 and establishing a bottom following the Bitcoin Cash hard fork, which led to a bearish trend in the market.

Bitcoin never re-tested the $2,450 mark once it recovered from $1,800 and due to the steep decline in the price and momentum of the asset in the past year, the analyst said that a potential drop to $2,450 is possible in the months to come.


Reference: https://www.ccn.com/bitcoin-price-could-sink-to-1850-despite-bullish-crypto-momentum

I wish the one who said this can state the time and date of the possible sinking of BTC to $1850, else this is just some general assumption as there is no special in it.  I wonder why newspapers publish this nonsense guess.  It is too tiring to see this kind of guesses as if they think they are too smart but then if we dig into it, it is just a generalized guess that is known to all because in a trading market, one can goes down so low and goes up so high.  But if they give time lines, that is another story.

[mirakal]

bitcoin will crash to level 1800----2200 for sure , people follow uptrend , for this reason price over 5300 now , the crash of bitcoin does not end till now
if prices dont crash this year 2019 ,for sure, in 2020 prices bitcoin will crash to level 2000

I'm not expecting that to happen, I have to respect some opinion that they are not bullish on crypto but we will only find out what will happen
if the right time will come. I'm not sure it will rise but I believe it will, that's the only thing that convince me to still investing despite experiencing a bad year last year.

[Sithara007]

Under the current circumstances, such low prices are not viable. Even at 5K, a lot of mining pools were facing losses to their daily operations. In case the exchange rates goes below 2K, then these losses will amplify and make the mining farms unsustainable. Also, the previous dips have shown that there is strong support above 3K. It will take a lot of volume to breach that support level.

[Yaunfitda]

Under the current circumstances, such low prices are not viable. Even at 5K, a lot of mining pools were facing losses to their daily operations. In case the exchange rates goes below 2K, then these losses will amplify and make the mining farms unsustainable. Also, the previous dips have shown that there is strong support above 3K. It will take a lot of volume to breach that support level.

Right, that's why the price didn't dip below $3k, because we have a good and strong support. So I disagree that at this point $1850 is possible as we are now entering the bullish zone.

And it looks like mining is now profitable again and it could be a sign that those miners who shift to BSV might be coming back to BTC again for all we know.

[Wysi]

Under the current circumstances, such low prices are not viable. Even at 5K, a lot of mining pools were facing losses to their daily operations. In case the exchange rates goes below 2K, then these losses will amplify and make the mining farms unsustainable. Also, the previous dips have shown that there is strong support above 3K. It will take a lot of volume to breach that support level.

I am not sure how miners will survive if price drops to anything below $3000 and honestly miners will have to shut down temporarily because that's what happened with ymslf as I used to mine Ethereum during for a long time but I had to stop it in the month of September 2018 as the value of Ethereum decreased drastically and I ended up incurring more electricity bill than the earned ETH.

[Sithara007]

Under the current circumstances, such low prices are not viable. Even at 5K, a lot of mining pools were facing losses to their daily operations. In case the exchange rates goes below 2K, then these losses will amplify and make the mining farms unsustainable. Also, the previous dips have shown that there is strong support above 3K. It will take a lot of volume to breach that support level.

I am not sure how miners will survive if price drops to anything below $3000 and honestly miners will have to shut down temporarily because that's what happened with ymslf as I used to mine Ethereum during for a long time but I had to stop it in the month of September 2018 as the value of Ethereum decreased drastically and I ended up incurring more electricity bill than the earned ETH.

They are not going to shut down their operations. Because they need to cover the capital costs from the daily mining revenues. The large-scale miners will just shift to mining another crypto-currency, such as BCH or ETH if the Bitcoin mining proves less rewarding. BSV is not a viable option right now, due to the widespread delisting campaign.

[Adriano2010]

No this will not happen even if there will be a massive dump on my opinion, but now i think is not the situation and the price will continue grow even if there will be some stable periods or some small drop.

[Apes]

No this will not happen even if there will be a massive dump on my opinion, but now i think is not the situation and the price will continue grow even if there will be some stable periods or some small drop.

nowadays most people still keep it and my opinion they will not sell it unless the users are indeed looking for a short profit. the price will not drop to $ 1800 I believe if the price touches $ 1800 many will buy in a big event. nowadays the price is fantastic, very active even though it hasn't touched the $ 6K figure. indeed it takes patience and trust in the market today.

[candra raditya]

I don't believe that bitcoin will decline at 1,850, but rather believe that bitcoin is starting to recover and will continue to increase, the crypto market is indeed volatile but for this year bitcoin will move up.