I thought btc would go down 5% today.... (but it went up 4%?)

[Lucius]

I know people often target the $100,000, it's a realistic price, I know it, but I won't wait for. I'll leave before it happens (probably in the $70,000)

I am not sure is it reasonable to think that next ATH will be $100k or something close to that, maybe next ATH would be around $50k or something like that. If we think in this direction, then $100k is still years away, and maybe you should think to change your strategy. Imagine you wait $70k and at $50k things go downhill, and next big correction will probably wipe out 70%-80% of Bitcoin value as always in past.

I certainly agree with you that if you want some profit, it is not wise to wait too long and be greedy - so maybe the best strategy would be to sell all way up, or just set some target and wait.

[Juggy777]

I know people often target the $100,000, it's a realistic price, I know it, but I won't wait for. I'll leave before it happens (probably in the $70,000)

I am not sure is it reasonable to think that next ATH will be $100k or something close to that, maybe next ATH would be around $50k or something like that. If we think in this direction, then $100k is still years away, and maybe you should think to change your strategy. Imagine you wait $70k and at $50k things go downhill, and next big correction will probably wipe out 70%-80% of Bitcoin value as always in past.

I certainly agree with you that if you want some profit, it is not wise to wait too long and be greedy - so maybe the best strategy would be to sell all way up, or just set some target and wait.

@Lucius I’ll second that $100k is an unrealistic target at best I’m expecting it to touch $40k in coming years, my target for this year end is $20k at max. @LeGaulois knowing you I won’t even be surprised if you manage to sell it at $70k, only to buy it back on dibs and once again sell when you’re in profits. I hope people too will follow this strategy, that is to sell when one’s getting profits without being greedy.

[Aveatrex]

I know people often target the $100,000, it's a realistic price, I know it, but I won't wait for. I'll leave before it happens (probably in the $70,000)

I am not sure is it reasonable to think that next ATH will be $100k or something close to that

In my opinion,$100k is not only unrealistic but almost impossible to see in the next couple of years.As soon as BTC hits the last ATH which is $20k, the victims of the last -80% dump will instantly sell to cancel their previous loss; which means that BTC will struggle before breaking this level. In short,my prediction is that BTC won't exceed $30k-$40k in the next 5 years unless there is an extremely good news that pops up launching another long lasting bull run.

[Naida_BR]

I just *felt* a dumpage down by 10% to 20% over the next 2 weeks then a 5% up then sideways for about 6 ~ 12 months, then the next up over the year 2020 1/2 tp 2021 1/2 at which point we go to 250K ish USD.


my prediction

My prediction is that if everytime bitcoin rises, altcoins don't rise as well then we are going to suffer the same situation over and over again.
The market is not positive to alts and it seems like investors don't trust them any more. Any of them. Only if this situation is reverses we are going to see a significant increase not only in bitcoin price, but also in the market cap. and this increase if going to stay.

[barbara44]

Today's market looks like more than correction now, I was feeling like it was just a correction and the price would go back up soon but right now it looks like we are doomed once again. I know I should not be pessimistic about bitcoin since its quite a volatile coin and it could do whatever it wants but right now everything points out to bitcoin going as far as it can and than going down right now.

We have broken the prices we have previously not seen for over a year but now we just have to accept the fact that enough money was poured into bitcoin to make it what it is and now its not getting any more new money coming in. If we can manage to convince big banks and what not to invest once again than we can have a change of pace and go up again but unless we find some whales quickly it looks like it will go down even more.

[Oceat]

Today's market looks like more than correction now, I was feeling like it was just a correction and the price would go back up soon but right now it looks like we are doomed once again. I know I should not be pessimistic about bitcoin since its quite a volatile coin and it could do whatever it wants but right now everything points out to bitcoin going as far as it can and than going down right now.

We have broken the prices we have previously not seen for over a year but now we just have to accept the fact that enough money was poured into bitcoin to make it what it is and now its not getting any more new money coming in. If we can manage to convince big banks and what not to invest once again than we can have a change of pace and go up again but unless we find some whales quickly it looks like it will go down even more.

So far the very bottom as of this week is $9300+ it's not that bad though it is still a stable price. The only reason that i know when Bitcoin starts to fall like this without any news is that it is just a correction or whales starting to stir things up again to create a new rally.

Luckily Bitcoin can't go down and break another low price resistance yet thanks to that $9300 support and the price is still holding.

[BitHodler]

I know people often target the $100,000, it's a realistic price, I know it, but I won't wait for. I'll leave before it happens (probably in the $70,000)

You'll leave as in cashing out all your coins and then go your own path? That's what it sounds like to me. If that's so, it really sounds like you think $70-$100k is Bitcoin's end game price.

Even if Bitcoin reaches $1 million I will never sell all my coins because it will then be just as much of a store of value as it is today, but then more stable due to the much larger market cap and the maturation of the market.

I might not even actually sell any coins because by that time I'll very likely will be able to purchase a house or whatever else that's expensive by paying for it with Bitcoin. I'm here until the end.

Also, $70k is quite a random price target, which makes be believe that if you really plan to unload all your coins at some point, you'll most likely have done it before the $50k mark because the temptation of selling will make you do so much sooner.

[STT]

Right this second you could be optimistic and call out the tide change that can happen on Sunday night.   Its already fallen, from now till that main market open you can have the price open upto $10,100 area or nearby.
It can even try to break past and we can see higher though it might fall back.   All that is a reasonable bet to take, while people are gloomy now from the fall we have an opportunity.    I held off any extra bet this weekend because of this effect.

[michellee]

Last week is the bad week for me, but now, I can see the light for bitcoin because of the price increases although it's not so high. I have hope now that in the next week, bitcoin will increase because I see that the new trend for bitcoin to rise will come soon. The green candle comes now, although it still not give the right information, and that makes me wait for a while to decide.

[beerlover]

I think the approach of "we have already gone so much, lets be happy about that for a while" is good enough. I mean do we really need to go to 15k? Do we need to break the all time high record? Can't we just be happy about the fact that we have managed to make bitcoin go triple of what it used to be? Shouldn't that be enough for all of us? Why do we want bitcoin to always go up?

I will tell you why, because we want to make a profit not use bitcoin for what it is, people don't care about bitcoin, bitcoin could be zero and they wouldn't mind as long as they make profit from it. People only care about dollars they have in their bank accounts and we can't really make something out bitcoin and get global adoption if we only care about the price, it is really sad and upsetting.

[Lucius]

@Lucius I’ll second that $100k is an unrealistic target at best I’m expecting it to touch $40k in coming years, my target for this year end is $20k at max.

In this moment looks unrealistic for next ATH, but there is always possibility that something really big is going to happen and this will push price up at least ten times to $100k. Only thing that can do that in my opinion is Bitcoin ETF approval, or some very big player who will start to buy Bitcoin like crazy. I think that both options have very little chance of happening this or next year, and that big bull run will probably start after next halving.

In my opinion,$100k is not only unrealistic but almost impossible to see in the next couple of years.As soon as BTC hits the last ATH which is $20k, the victims of the last -80% dump will instantly sell to cancel their previous loss; which means that BTC will struggle before breaking this level.

We can not exactly know how many people are still holding what they buy in late 2017 and in first months of 2018, but some of then are probably sell during 2018, most of them could be placed in the category of weak hands. It is also fact that price is very close to $14k recently, and this was possibility for some investors to take their money back.

Some experts think that next bull run will be driven by institutional money, and they can take all coins from week hands and boost price at least x3 or x4 from where it is today.

[iMark]

I just *felt* a dumpage down by 10% to 20% over the next 2 weeks then a 5% up then sideways for about 6 ~ 12 months, then the next up over the year 2020 1/2 tp 2021 1/2 at which point we go to 250K ish USD.
my prediction

Anything can happen. It could go down 20% in next 6-12 montsh and then up 5% in two weeks and after that sideways for a day. and after sideways BAM. Price goes nuts and never come back!

Anything can happen but crazy price movements will be impossible. the price won't go up to $200k, it is a very crazy value for only 1 crypto. the price falling is very likely to be, like down 50% because bitcoin market had experienced it several times before. so stay prepared with all the possibilities on the market

[buwaytress]

@perla I know for sure I'm not the only one who feels almost the complete opposite of that. I was actually really comfortable when the bigwigs and the old hands were starting to worry last year. Alleged holders were giving up. Tom Lee supposedly gave up predictions. The bullish threads were dying out.

But it didn't totally die down and that's what I wish happened. I wanted the bear or whatever winter to stamp out and purge the optimists. Because that would have really kept in only the strong.

The recovery came too soon. Not a bad thing at all but it delays the massive bull I'd like to see.

So yeah, no, seeing all the good news doesn't make me feel particularly good.

[serjent05]

I just *felt* a dumpage down by 10% to 20% over the next 2 weeks then a 5% up then sideways for about 6 ~ 12 months, then the next up over the year 2020 1/2 tp 2021 1/2 at which point we go to 250K ish USD.


my prediction

Anyone can predict anything. Even if bitcoin keep do a good improvement your price can be reached. But foe me, if in 2020 or 2021 maybe 50k still possible to reach and still on logical price to predict.

True that, but we should not put  all our hopes in our prediction especially if it is not backed by anything.  Even the best of the technical analysis were shamed by Bitcoin.  Proving them  that their guesses are wrong.  

To tell you the truth I do not like the predictions in which is said that Bitcoin can move down or move up or more sideways. Surely one of these three will be right.  
If you are expert technical analytic then you should predict only one thing if Bitcoin will go up from here or downwards from here.

Predicting one thing and stating the opposite with "ifs" is just another play it safe guesses.  I bet there is no TA that can 100% predict the  "what" and "when"  of Bitcoin price.

[South Park]

@perla I know for sure I'm not the only one who feels almost the complete opposite of that. I was actually really comfortable when the bigwigs and the old hands were starting to worry last year. Alleged holders were giving up. Tom Lee supposedly gave up predictions. The bullish threads were dying out.

But it didn't totally die down and that's what I wish happened. I wanted the bear or whatever winter to stamp out and purge the optimists. Because that would have really kept in only the strong.

The recovery came too soon. Not a bad thing at all but it delays the massive bull I'd like to see.

So yeah, no, seeing all the good news doesn't make me feel particularly good.

This is what I think as well, I thought that this year will be a boring one and not much will happen and that will make the remaining weak hands to sell their coins, but instead we got an important recovery and while many were happy about it, and I am as well, this is going to delay the bull market that can produce a new all time high, and the reason is simple only a minority of traders and investors make money and after this recovery most traders will expect an even greater performance in 2020 due to the halving but now I have my doubts it will happen since not everyone can be a winner.

[adaseb]

Its looking bad because we got a bad weekly close. I am think we will probably at least see $8.5K area before we head back up past $11K or so.

The issue here is that since June 26th when we almost hit $14K, we kept making lower lows and lower highs and this is clearly seen on the daily chart.

With the declining volume however it looks like maybe the bulls might have a chance, hopefully the $9100 support holds and doesn't break. If it goes then there is massive stops below $9000 and should hit $8.7K area very quickly shortly after.

[Lanatsa]

Its looking bad because we got a bad weekly close. I am think we will probably at least see $8.5K area before we head back up past $11K or so.

The issue here is that since June 26th when we almost hit $14K, we kept making lower lows and lower highs and this is clearly seen on the daily chart.

With the declining volume however it looks like maybe the bulls might have a chance, hopefully the $9100 support holds and doesn't break. If it goes then there is massive stops below $9000 and should hit $8.7K area very quickly shortly after.

Well this has been a tight month to be honest. Bitcoin growth has dwindled for the past few weeks and a drop from $13k looks pretty upsetting but this is how things work in the market. Fluctuations will happen but what we need to do is to stay consistent and look for more investment opportunities as the price drops. There will be enough recovery till September.

When bitcoins price tends to have a good run people do believe that it can even reach out $14k price but eventually the price movement didn't sustained but instead it did correct which is expected because not all the time we would see a continuous price increase.I do prefer on having that way than on seeing short term spikes and a very devastating correction later on.

[Distinctin]

With the declining volume however it looks like maybe the bulls might have a chance, hopefully the $9100 support holds and doesn't break. If it goes then there is massive stops below $9000 and should hit $8.7K area very quickly shortly after.

Support were able to hold, this year so far, bitcoin has no let us down yet and I pretty confident this year is gonna be a bullish year.
After it's being down $10K and causes some panic, here we are back again at $10K and because we recover, we might see more uptrend, probably $11K in the next few days, that's my very optimistic guess.

[michellee]

Glad to see bitcoin price going stronger this day, the price increase slowly but it gives good progress to go up. If the situations are like this, I think in the next week, we will see bitcoin price will increase more than $10k and still increase more. But that will not happen if suddenly the price is down and that will make people panic for a while. Maybe in these two days, the price will reach and break $11k and no matter if the price is down, it will get up again.

[BitHodler]

With the declining volume however it looks like maybe the bulls might have a chance, hopefully the $9100 support holds and doesn't break. If it goes then there is massive stops below $9000 and should hit $8.7K area very quickly shortly after.

Similarly, I can name up plenty of reasons to why declining volumes can favor the bears. At the end of the day, a decline in volume has historically lead to more declines than increases for Bitcoin, especially during an already bearish momentum.

I'm not sure if there are massive stops below $9000 because we were very close, and if the stops where located there, it would have tempted market movers to trigger them with how thin the order books were/are.

The thing with stops being triggered is that it will very likely not respect support levels until the last stop has been liquidated. Bots are quick to withdraw buy orders which might lead to a mini flash crash and therefore much lower levels.