Crashing' Bitcoin Predictions

[peter0425]

I always say that bitcoin will continue grow even from March, but now is something that happen and i can't say for sure that will grow more or will go down, because even go to 7500 and after to 7300$, need to wait and see. But maybe level 8000$ will be pass before of end of month.

I'm seeing a heathy pullback first, before we can even touch $8k again. Why? because we don't want to see the price going on a parabolic rise because it will just be another bubble waiting to be burst. Currently, there is strong support around $7k and $7.2. So if there is a pullback, I wouldn't be surprised to see the price increase again in the $8k levels.

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[LUCKMCFLY]

According to your analysis, do you think that at $ 8K there is a difficult resistance to get out or break? What happens is that part of the indicators are not my strong point, rather my vision is different, for me $ 8K is not a resistance, for me it is an area of ​​opportunity, the resistance for me is $ 20K, but I think that The concepts at the trading level can be managed from different points of view and study.

I think it has to do a lot with the operations that are given, in what whales or Strong Hands have prepared for the market, because one thing is what can be predicted and another is what happens, because the Market Makers have had in account all the possible scenarios, often we are surprised by the market, because we think that it is going to make a movement and end up going through another totally different one.

I think that the prediction is good, but it may be lacking at the moment when a fundamental can occur, which according to the graph is not contemplated, but everything in an ideal system.

[barota]

for me , bitcoin will crash to 1500 usd per btc. there are always new traders and new investors who dont know history of bitcoin .. if crash does not happend this year . 2020 and 2021 will crash for sure

[Crashing]

The resistance at 8500 was breached after some trouble, as expected.
I think it will go now to about 10,000 usd and then crash for at least 7 days in order to make at a minimum a weekly negative candle. We can even do a negative zig-zag: weekly down, weekly lateral/up and weekly down. And then drag around 7000/8000 for weeks.
It's hard at this time to say what will be the bottom for this expected crash. We could repeat the crash we had on the week of 26/10/2015-2/11/2015, that went from 500 to 300 usd, on the beginning of the recovery and start of the move to 20,000.
But we took some time to breach 8500, therefore the crash might not be this heavy. One thing is shore, once we reach 10,000 we will have had a great rally. Don't expect this will go on to 20,000 without a big correction.
But even if this crashes like I'm expecting, I think that eventually it will breach 10,000. I don't see fundamental reasons that can be an obstacle for this to happen.
I'm too lazy to post a chart. Just doing this for fun.

As usual don't trust me. I earn money, but many times the technical signs are so contradictory that I don't have a clue about what is going to happen next. And when the signs are very clear, better suspect about the outcome. This isn't a recommendation. Do your homework.

[omonuyak]

for me , bitcoin will crash to 1500 usd per btc. there are always new traders and new investors who dont know history of bitcoin .. if crash does not happend this year . 2020 and 2021 will crash for sure

You expect us to believe what you said without providing any reason why you think bitcoin is going to crash to 1500! It is surprising how we make some predictions and think that is going to happen without looking at the past data. The op opened this thread in September last year and the bearish trend that makes him to do that has ended.

[exstasie]

The resistance at 8500 was breached after some trouble, as expected.
I think it will go now to about 10,000 usd and then crash for at least 7 days in order to make at a minimum a weekly negative candle.

I've been thinking along similar lines. It's too bad so many people are eyeing $10K as the target area. Not just you and me, but Masterluc, Peter Brandt, and other analysts I've seen as well. When the target is so obvious to the market, it makes me worry something else is going to happen. Like how everyone (including me) thought there would be stiff resistance around $6K, but it fell almost instantly.

We could repeat the crash we had on the week of 26/10/2015-2/11/2015, that went from 500 to 300 usd, on the beginning of the recovery and start of the move to 20,000.

Based on the momentum of this rally, that's the best historical parallel I can find.

The faster we rise, the harder we fall.

[beerlover]

I do not understand people who think that bitcoin needs to go back a bit first to go even higher. Do you guys remember the 2017 peak at 20 thousand dollars? The price went up so high that it didn't even look back, it just went straight up without any pull back. There has been a lot of times like that (November 2014 as well when it hit 1400 for the first time).

Bitcoin doesn't need to go low first in order to higher, it can go up right away without going down first. Yeah sometimes the pull back is important and needed, it does happen quite frequently but just because it is healthy and sometimes happens doesn't mean it will happen all the time, it can go up with it or without it. I think this time around the bulls are too strong to let a pull back happen and it will go straight up, except maybe veeeeery small ones.

[jademaxsuy]

Yeah we have witness that bitcoin crash and mostly users felt uncertainty through bitcoin bearish market. Some had been throwing already their bitcoin investment by dumping it at a low price knowing that could be a good profit after the comeback. Yet, they still feared out of it so probably if they had seen already the market went high now then they will going to regret it by now.

I learned one thing in bitcoin and that is to believe on it. Risking also played a lot of role to be successful in the future.

[figmentofmyass]

I do not understand people who think that bitcoin needs to go back a bit first to go even higher. Do you guys remember the 2017 peak at 20 thousand dollars? The price went up so high that it didn't even look back, it just went straight up without any pull back.

you may remember it like that, but that's not how it happened. we pulled back $1350 to $900, then $3000 to $1800, then $5000 to $3000, $7900 to $5500......the final few weeks of the bubble went vertical but we are nowhere near that stage in a bull market.

[Whosdaddy]

I do not understand people who think that bitcoin needs to go back a bit first to go even higher. Do you guys remember the 2017 peak at 20 thousand dollars? The price went up so high that it didn't even look back, it just went straight up without any pull back. There has been a lot of times like that (November 2014 as well when it hit 1400 for the first time).

Bitcoin doesn't need to go low first in order to higher, it can go up right away without going down first. Yeah sometimes the pull back is important and needed, it does happen quite frequently but just because it is healthy and sometimes happens doesn't mean it will happen all the time, it can go up with it or without it. I think this time around the bulls are too strong to let a pull back happen and it will go straight up, except maybe veeeeery small ones.

That was the point at which we had 7 sequential long stretches of gain, but every time cannot always have gains, many people believe there will always be pull back because we don’t all reason alike. As you have the mentality of holding, so other investors also have the mentality of taking profits for those that cannot wait till bull run before they take profit.

Do not also forget the fact that we have traders that take profits virtually on a daily basis, but the reason why bitcoin will always be outstanding is because no matter the pull back, the bulls are always stronger to hold it up and push it back to its original value and far above that.

[Duzter]

I do not understand people who think that bitcoin needs to go back a bit first to go even higher. Do you guys remember the 2017 peak at 20 thousand dollars? The price went up so high that it didn't even look back, it just went straight up without any pull back.

you may remember it like that, but that's not how it happened. we pulled back $1350 to $900, then $3000 to $1800, then $5000 to $3000, $7900 to $5500......the final few weeks of the bubble went vertical but we are nowhere near that stage in a bull market.

Everytime we can't expect similar pattern of growth with bitcoin and other cryptocurrencies. Previously we've encountered such a kind of price drop and further things changed with time. By that time there were more controversy on the growth stating it as a bubble though it is a good bull market. Further when the price drop took place it was mentioned as a price wave, this time the growth is steady and moving stronger than ever.

[barbara44]

I believe the crashing predictions are just there so there is an healthy amount of suspicion of this increase. You can't just expect EVERYONE to think bitcoin to go up, some people will eventually think it will go down, the higher we go the more people will start talking about how its close to getting down eventually. The price is at a decent level right now, it may go up or it may go down and we will never know.

However, if price were to increase to 20 thousand dollars in June then there would be much more people thinking bitcoin will
eventually go down, you can't expect bitcoin to only go up, that is insane, it will eventually go down for sure. The question is, will it go down now or will it go down after it hits x dollars, it may continue to go up more, it may continue to break the all time high price but that doesn't mean one day eventually it will go down.