btc's possible next moves

[magneto]

(binance)  from here or after touch 4800 its going to back to 3600, if that support doesnt work next step is 3150 and maybe 2800 once again.i dont wanna talk about that scenerio because it will be very bloody.
to my opinion we will see 3200 on middle of may and it will be the last fall.on august btc's big move will start.step by step to 11k.

im not pro of anything but here is my last prediction: https://bitcointalk.org/index.php?topic=5038896.msg47932316#msg47932316

noone couldnt even think about under 6k at that time.anyway.i wish it will happen and 1+ year suffer will end.

It certainly think that it's possible that in the short term, the dominant bearish sentiment could push prices lower than the price floor that we had previously seen. And that could potentially mean a dip below $3k, as you suggest.

Though, it's not looking very likely to happen right now. The $4k resistance seems to be potentially broken at this point (the market's still moving sideways so it's difficult to tell), and if it is, then expect this momentum to push prices closer to the $5k region.

The question is how big the correction will be by the time this rally finishes up. I simply don't think that it's possible for bitcoin to go under $3k for an extended period of time, in the worst case scenario, because of how much institutional demand is present within the market for coins at that level.

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[el kaka22]

Just because you managed to "predict" the price correctly before doesn't mean you will predict it correctly again. Let's take this into two parts of why you "could" be wrong, of course you could be right that is not disputed, when you predict something like "bitcoin will go up" or "bitcoin will go down" you have 50% show of being right but since you talked about why you could be correct and flexed your previous correct guess lets tackle why you could be wrong.

First part is why you were right the last time, you have made a prediction of bitcoin going down like it was a chart thing about resistance and support yet the only reason why bitcoin dropped that fast was Craig Wright selling thousands of bitcoins all at the same time, it wasn't REMOTELY about resistance or support, "why" you think bitcoin will go down was 100% wrong, you just got lucky because Craig sold a bunch of coins at the right time for your prediction.

Moreover, why bitcoin wouldn't go under 3000 is the breaking point at around 3100, there are way too many miners who are not willing to sell anything under 3000 because that would cost them money to mine and that is not how it works, so they will keep it above that level as hard as they can and as long as there is no more Craig wright to sell thousands of coins again miners will keep it above those levels.

[davinchi]

if that support doesnt work next step is 3150 and maybe 2800 once again.

that may only happen if the resistance ($4k) can not be broken not after it breaks and price goes up to next level. and if price dropped to something as low as $2800 it won't stop there, there will be a hard crash thanks to the panic.

It might not necessary create hard crash because people that will panic sell are the baby investors, and as they chicken out of the market, a lot of people are out there actually waiting for price fall in other to take advantage of it and buy more.

Using myself as an example, I still bought some BTC at the current price which I am still holding in my wallet and at the same time hoping for the price to crash so I can buy more to secure future. There will be lots of people who will prevent it from hard crash by accumulating more BTC at that 2800 price.

[antisocial77]

Just because you managed to "predict" the price correctly before doesn't mean you will predict it correctly again. Let's take this into two parts of why you "could" be wrong, of course you could be right that is not disputed, when you predict something like "bitcoin will go up" or "bitcoin will go down" you have 50% show of being right but since you talked about why you could be correct and flexed your previous correct guess lets tackle why you could be wrong.

First part is why you were right the last time, you have made a prediction of bitcoin going down like it was a chart thing about resistance and support yet the only reason why bitcoin dropped that fast was Craig Wright selling thousands of bitcoins all at the same time, it wasn't REMOTELY about resistance or support, "why" you think bitcoin will go down was 100% wrong, you just got lucky because Craig sold a bunch of coins at the right time for your prediction.

Moreover, why bitcoin wouldn't go under 3000 is the breaking point at around 3100, there are way too many miners who are not willing to sell anything under 3000 because that would cost them money to mine and that is not how it works, so they will keep it above that level as hard as they can and as long as there is no more Craig wright to sell thousands of coins again miners will keep it above those levels.

ofcourse i can be wrong.i said that because that time people were saying the same: its not possible under 6k because of miners.no its not.for a while, mining is under control by companies so if thwy want price under 3k, they can.and its not a big deal for them.we cant know whats their plan.

[cydrix]

Panicking won't help you at all instead of thinking like that, find a way that is positive to encourage you to trade not only on btc but on altcoins too. The problem is you focus too much on BTC because it harbours a good amount money and can gain you lots of money effortlessly. That kind of thinking won't do you any good, as the wise man says don't focus on a single one if you have many of choices. Possibly the bitcoin's price for this year might be higher than last year and not enough to recover what it has lost in it's prime.

[Red-Apple]

ofcourse i can be wrong.i said that because that time people were saying the same: its not possible under 6k because of miners.no its not.for a while, mining is under control by companies so if thwy want price under 3k, they can.and its not a big deal for them.we cant know whats their plan.

people who say bitcoin price won't go lower because of miners have no understanding of how bitcoin or its market work. they are making up excuses for the guesses they have made.
price could not fall below $6k simply because of the very strong buy support at that level which would have resisted if the BCH attack didn't happen against bitcoin.

[gabmen]

if that support doesnt work next step is 3150 and maybe 2800 once again.

that may only happen if the resistance ($4k) can not be broken not after it breaks and price goes up to next level. and if price dropped to something as low as $2800 it won't stop there, there will be a hard crash thanks to the panic.

It might not necessary create hard crash because people that will panic sell are the baby investors, and as they chicken out of the market, a lot of people are out there actually waiting for price fall in other to take advantage of it and buy more.

Using myself as an example, I still bought some BTC at the current price which I am still holding in my wallet and at the same time hoping for the price to crash so I can buy more to secure future. There will be lots of people who will prevent it from hard crash by accumulating more BTC at that 2800 price.

Lol. You think that at that price range, there will be massive panic selling? I don't think so. We've been through quite a lot starting last year and a drop from here to the sub 3k levels, i think won't hold that much gravity. Especially when majority of those that are still here can hold for long term.

[wuvdoll]

The most optimistic approach to the next move we could have is going up a lot but we should stop focusing on radical moves and start focusing on how small changes could make big affects on bitcoin price. For example the biggest case is the 4200 price, we have hit 4200 prices many many times but I do not remember going above 4300 too many times and certainly not 4500, so maybe instead of asking the question "when will we hit 20k again ?", we should start asking "when will we be 4500 again" because we can't really skyrocket to bull run right away, we have to first make sure we are breaking the resistance and going up one by one, if we move above that level than we can go uncontested all the way up to next resistance and next time we fall back it won't be the last support, it will be the thing we call resistance now, so instead of 4200-3800 range, we could have 5100-4600 range which is what we should aim at.

[LUCKMCFLY]

(binance)  from here or after touch 4800 its going to back to 3600, if that support doesnt work next step is 3150 and maybe 2800 once again.i dont wanna talk about that scenerio because it will be very bloody.
to my opinion we will see 3200 on middle of may and it will be the last fall.on august btc's big move will start.step by step to 11k.

im not pro of anything but here is my last prediction: https://bitcointalk.org/index.php?topic=5038896.msg47932316#msg47932316

noone couldnt even think about under 6k at that time.anyway.i wish it will happen and 1+ year suffer will end.

It is a very possible scenario, in fact, it can happen, but apart from the prediction, at this moment it is better to wait to see how the market reacts, it can generate a zone of liquidity, however, the bearish scenario of 2800 usd I do not have it contemplated.

At some point in my analysis reach that number, although I do not think it can go below 2800usd if the movement is given, because there are many operations that will decrease and its volume would go in decandence. And they would practically kill many illusions of people who are entering the market, they would be eliminating their castles in the air, which as Malkiel Burton speaks, auto of "A random walk by Wall Streeth"

[adaseb]

I think that Bitcoin is basically lagging the moves of Ethereum and Litecoin, possibly only Litecoin.

Basically the sell off earlier was because LTCUSD hit resistance at $59.75 area (Binanace chart) which was resistance since it was prior support before March 18th 0600 GMT.

This area was test twice prior and on the third test it was rejected hard and LTC dumped into the lower $58 area which looks like it maybe held.

Looking at the Bitcoin chart of the similiar range, it didn't really have any resistance areas to cause the sell off, so basically it was lead by LTCUSD.

Which is similiar to what happened also on March 17th at 0000 GMT, basically there was a huge dump and it was most likely because it was the retest of the ETHUSD $141 area which was an important level, basically was strong resistance, then falls break, and strong resistance again.

I am requoting my last post because it looks like we might be aproaching an important $4K bitcoin breakout. A few days back I mentioned that BTC was lagging by LTC and ETH moves. It was starting to look toppy until last night.

Basically there was a huge dump on both LTCUSD and ETHUSD and support actually held, this is very bullish. So I am thinking that LTC and ETH will start to lead the rally first and then we should see BTC clear the $4K major resistance.

I am looking at $141 and $160 breaking with conviction on ETH and the $62 (Binance chart) breaking on the LTC chart.

Bitmex interest is at record highs... usually it means that there will be a crazy fast move... just don't know direction.
Also 6% of Bitfinex shorts have closed in the last 24 hours.... probably assumed that the bottom is in.

[adzino]

I am assuming you just made some random guess and you got lucky to predict almost nearby values. Come on, anyone can do that. Post some facts with your predictions. Justify your assumption. We have seen even well known people making predictions but most of  them failed as they were just predicting based on nothing (or the market is actually quite unpredictable).
And if you are so confident about your predictions, you might be really rich by now since you know when to invest and when to exit.

[samycoin]

(binance)  from here or after touch 4800 its going to back to 3600, if that support doesnt work next step is 3150 and maybe 2800 once again.i dont wanna talk about that scenerio because it will be very bloody.
to my opinion we will see 3200 on middle of may and it will be the last fall.on august btc's big move will start.step by step to 11k.

im not pro of anything but here is my last prediction: https://bitcointalk.org/index.php?topic=5038896.msg47932316#msg47932316

noone couldnt even think about under 6k at that time.anyway.i wish it will happen and 1+ year suffer will end.

We hope so too that btc will give a good price this coming months and all suffer is will end. But I think this time the price is good now in 4k and hopefully it will not drop again. Let just observe the volatile market so we are ready to whatever will be happen.

[2chase]

Such a scenario is of course likely, but now I would still not risk selling my bitcoins, even if the price subsequently drops to the level of 3500, compared to the risks that I will have if a sudden increase starts - this is not such a big problem for me. I'd rather wait some more.

[sunsilk]

I keep on seeing people talk about support at $2,800. I'm not saying that this is impossible but let's move on on higher level and expect more to the market. I'm sure that the market has bottomed out and it's no longer going to bottom anymore, this is my opinion guys.

I know that possibilities are there but I don't want to look at that very low moment. We've been on drought season for a year now and it keeps on going. And now that the market shows positivity, people who have missed buying at the lows keeps on giving that negative thought.

[antisocial77]

I am assuming you just made some random guess and you got lucky to predict almost nearby values. Come on, anyone can do that. Post some facts with your predictions. Justify your assumption. We have seen even well known people making predictions but most of  them failed as they were just predicting based on nothing (or the market is actually quite unpredictable).
And if you are so confident about your predictions, you might be really rich by now since you know when to invest and when to exit.

not random actually, im trying to find possible scenerios on weekly graphics.i told that before, i may be wrong, im not a market maker but all i know is even whales moves are following the trendi mean they dont make moves ramdom, so im trying to catch that points.and i dont sell bitcoin, i didnt sell even the prediction i did before.

[Shinpako09]

I keep on seeing people talk about support at $2,800. I'm not saying that this is impossible but let's move on on higher level and expect more to the market. I'm sure that the market has bottomed out and it's no longer going to bottom anymore, this is my opinion guys.

I know that possibilities are there but I don't want to look at that very low moment. We've been on drought season for a year now and it keeps on going. And now that the market shows positivity, people who have missed buying at the lows keeps on giving that negative thought.

That's the problem with them. They aren't buying during resistance or during at fall and ended saying negative when they are seeing the price start to grow because they want to buy at the price where they are still undecided. For me btc next possible move is at $5k or showing resistance at $4k or going back to $3.5k resistance.

[justdimin]

Once BTC touches the $4800 levels as speculated by you, I don’t see it getting anything below $4k levels again, it might be possible for us to see the $4k line because many people with smaller coins may sell their coin thereby forcing the price drop a bit but not to the extent of going below $4k because the major players are not willing to dance to the tune of $4k trend but rather aiming at $10k trend and above before creating any form of action on their holdings.

I am very much sure about big rally in coming months. But, we cannot be sure about any immediate movement as of now. Bitcoin market may enter into direct bull rally from here or may dip up to $3.8k levels before getting ready for bull markets. It will be a slight fluctuations hence we can make use of any dips if occurs.

[Gaff]

Once BTC touches the $4800 levels as speculated by you, I don’t see it getting anything below $4k levels again, it might be possible for us to see the $4k line because many people with smaller coins may sell their coin thereby forcing the price drop a bit but not to the extent of going below $4k because the major players are not willing to dance to the tune of $4k trend but rather aiming at $10k trend and above before creating any form of action on their holdings.

I am very much sure about big rally in coming months. But, we cannot be sure about any immediate movement as of now. Bitcoin market may enter into direct bull rally from here or may dip up to $3.8k levels before getting ready for bull markets. It will be a slight fluctuations hence we can make use of any dips if occurs.

Yes that would be possible to happen, so we will be expecting more fluctuating price in the next coming days. Price these days started to swing a little bit high but unfortunately it didn't sustain and sadly it fall back down. However, even though it was worst to see but many of us hope for the best that will going to happen. These move cannot be predicted compared to what previous years been through, and this really surprised everybody once bulls really commence randomly.

[dodgrad]

(binance)  from here or after touch 4800 its going to back to 3600, if that support doesnt work next step is 3150 and maybe 2800 once again.i dont wanna talk about that scenerio because it will be very bloody.
to my opinion we will see 3200 on middle of may and it will be the last fall.on august btc's big move will start.step by step to 11k.

im not pro of anything but here is my last prediction: https://bitcointalk.org/index.php?topic=5038896.msg47932316#msg47932316

noone couldnt even think about under 6k at that time.anyway.i wish it will happen and 1+ year suffer will end.

I also think this scenario is very likely. However, it seems to me that first the price will jump higher - up to around $5k and after that a new panic sell will make the price drop even to $2.5k - and this will be the last wave, before stabilization time.

[1Referee]

Bitcoin market may enter into direct bull rally from here or may dip up to $3.8k levels before getting ready for bull markets. It will be a slight fluctuations hence we can make use of any dips if occurs.

In other words, you think the price will go either up or down.  

The only positive thing currently is how fiercely the bulls are buying up the dumps, which I didn't expect to continue for this long. Usually you see a breakout either up or down, but it has been trending in the same channel for quite some time now. Good for those using Bitcoin as currency. Not so good for those who are desperately looking for that breakout.

The volumes we see are shockingly high, but also shockingly fake. If you look at Coinbene's volume bars, you'll see how consistent they are. Compare that to the volume bars of exchanges like Bitstamp or Coinbase. The SEC is right about how crappy this ecosystem is. I perfectly understand why they are rejecting all applications.