Bitcoin faces more decreases

[RealMalatesta]

It is not enough that we are above 10k with a healthy movement allowed, we need to be so much higher than 10k that it should look like its impossible to go below anymore to make sure we are at a good place right now, for example if the price stays here it is always possible that we can hit back under 10 thousand dollars.

However, if it goes to 15+ then we can say its still possible but it becomes more improbable, it has dropped from 20 thousand to 3 thousand before so nothing is impossible but at the very least we can say day to day trades won't drop it under 10, when we went from 20 to 3 it wasn't in a day hence we need to make a room for not a day level, which is around 15, even over 13 would be fine as long as we break the high parts of it. That would make us all more comfortable.

[Ararbermas]

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

for me in my own opinion.  Yes it will experience a drastic decline on this year but it will bouncing back again for sure like what always happened. So it's still necessarily to hold and not time to lose hope because indeed it will not die as long there are more big investors keep contributing on it.   Check the history of bitcoin if i were you to see what always happen after the red wave . Because worrying on this circumstance cant help mate so think positive make technical analysis.

[Theb]

The price correction we are having is more technical in nature rather than any news involve with it for the reason why it is falling down. I may not have seen it in the last few days but BTC as of right now is on a falling wedge pattern which is bullish in nature, just by looking at the chart with no experience on trading whatsoever you might just think that Bitcoin is just having a free fall way back below 4,000$ again but the falling wedge pattern signifies that this is just a weak profit taking and we might see a reversal as early as BTC hit 9,700$ at worst.  Volume isn't that abnormal as well as it is gradually decreasing as the price is decreasing as well meaning that there is less and less sellers offloading their position.

[Oceat]

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Yes, the price is down, but we will see bitcoin will be back to the higher rate. But until that time comes, we need to be patient and hold if you don't want to sell at a low price. At this moment, I think we can have another good time to buy more bitcoin while the price is at below than $10k because once the price increase, we don't know if this price will be the last low price that we will see. Maybe we will not see this price again in the future, so you know what you should do now.

$10,000+ is still high enough versus the price of it 2 months ago. Don't stress yourself too much because what really happens in the market is just the normal cycle of ups and downs. Volatility changes as people keep on trading but i believe that it is only the whales who could manipulate the market if they want to.

[Lanatsa]

It is not enough that we are above 10k with a healthy movement allowed, we need to be so much higher than 10k that it should look like its impossible to go below anymore to make sure we are at a good place right now, for example if the price stays here it is always possible that we can hit back under 10 thousand dollars.

However, if it goes to 15+ then we can say its still possible but it becomes more improbable, it has dropped from 20 thousand to 3 thousand before so nothing is impossible but at the very least we can say day to day trades won't drop it under 10, when we went from 20 to 3 it wasn't in a day hence we need to make a room for not a day level, which is around 15, even over 13 would be fine as long as we break the high parts of it. That would make us all more comfortable.

I wont be surprised if we do stay up with these levels which is playing between sub (>< 10k price).Entire market had recovered from 3k to 10k does take years.

So I don't expect too much for us to move so quickly on breaking out those resistances just to hurry up to break its previous ATH and also there no need to hurry to see
sharp spike yet I do prefer on seeing gradual increase but it would gonna be a bumpy road.

[Kasabus]

Snip...

I wont be surprised if we do stay up with these levels which is playing between sub (>< 10k price).Entire market had recovered from 3k to 10k does take years.

So I don't expect too much for us to move so quickly on breaking out those resistances just to hurry up to break its previous ATH and also there no need to hurry to see
sharp spike yet I do prefer on seeing gradual increase but it would gonna be a bumpy road.

Prices going up and down like a roller coaster. Looking at how it did last 2017 bull run is very great but the question is when we could see the market like that? Or the market still has the capability to soar high? Bitcoin still on the quest and everyone's not sure of making it again since the demand isn't that high compared before.
Its gonna be a big surprise for us if Bitcoin will hit at $20k this year.

[pealr12]

We are so surprised that experiencing the next bear market of the BItcoin and all altcoins. Today, BTC faces around -7.13% and drops to $10,114.40 only. And moreover, the ETH, it will decrease likely some months ago, under $200 again.
Does it mean that crypto hype is over? Crypto world is really decreasing and then the price of all coins will be decreasing again and again to the bottom?

Crypto  hype  is only starting , crypto will be our future. Decrease in price is a common thing but once the hype continues it will break barriers,  btc might start another bull run.

[ghermghuda]

Personally i think even if we don't make it to the $20K break up, we are still going to hover around the tens of thousands. Bitcoin has been evolving with prices and now I believe we're staying in the tens of thousands for good.

[EdenHazard]

It is not enough that we are above 10k with a healthy movement allowed, we need to be so much higher than 10k that it should look like its impossible to go below anymore to make sure we are at a good place right now, for example if the price stays here it is always possible that we can hit back under 10 thousand dollars.

However, if it goes to 15+ then we can say its still possible but it becomes more improbable, it has dropped from 20 thousand to 3 thousand before so nothing is impossible but at the very least we can say day to day trades won't drop it under 10, when we went from 20 to 3 it wasn't in a day hence we need to make a room for not a day level, which is around 15, even over 13 would be fine as long as we break the high parts of it. That would make us all more comfortable.

I wont be surprised if we do stay up with these levels which is playing between sub (>< 10k price).Entire market had recovered from 3k to 10k does take years.

So I don't expect too much for us to move so quickly on breaking out those resistances just to hurry up to break its previous ATH and also there no need to hurry to see
sharp spike yet I do prefer on seeing gradual increase but it would gonna be a bumpy road.

Here is the problem in a free market like cryptocurrency, the movement is so wild ..

you never know it could plung to the lowest like -300% or having the bull run unstoppable due the decentralized nature. But people only expect for the bull run and forget that there might a correction causing the price a bit down , or how people could lost interest at crypto anytime at some point which could make things didn't went well as most people expected. You guys need to anticipate something like this more often rather than daydreaming to have another ATH over and over again , it would make the market looks more healthy for you.

[dark08]

We are so surprised that experiencing the next bear market of the BItcoin and all altcoins. Today, BTC faces around -7.13% and drops to $10,114.40 only. And moreover, the ETH, it will decrease likely some months ago, under $200 again.
Does it mean that crypto hype is over? Crypto world is really decreasing and then the price of all coins will be decreasing again and again to the bottom?

Crypto  hype  is only starting , crypto will be our future. Decrease in price is a common thing but once the hype continues it will break barriers,  btc might start another bull run.

People are roo scared for a small dump of bitcoin this is normal to have a increase and decrease to the price if you are true believer or long term holder this small dump will not affect your emotion beside cryptocurrency are now starting to use for some country meaning the popularity of cryptocurrency are being boost all over the world.

[fourpiece]

We are so surprised that experiencing the next bear market of the BItcoin and all altcoins. Today, BTC faces around -7.13% and drops to $10,114.40 only. And moreover, the ETH, it will decrease likely some months ago, under $200 again.
Does it mean that crypto hype is over? Crypto world is really decreasing and then the price of all coins will be decreasing again and again to the bottom?

Crypto  hype  is only starting , crypto will be our future. Decrease in price is a common thing but once the hype continues it will break barriers,  btc might start another bull run.

People are roo scared for a small dump of bitcoin this is normal to have a increase and decrease to the price if you are true believer or long term holder this small dump will not affect your emotion beside cryptocurrency are now starting to use for some country meaning the popularity of cryptocurrency are being boost all over the world.

agree with you on that most of the people once they a see a price decrease in bitcoin they will start to think that it might  go even lower which may lead to panic sell and dump. They dont deserve the price for  believing on bitcoin once the bull run will come.

[Slow death]

It is not enough that we are above 10k with a healthy movement allowed, we need to be so much higher than 10k that it should look like its impossible to go below anymore to make sure we are at a good place right now, for example if the price stays here it is always possible that we can hit back under 10 thousand dollars.

However, if it goes to 15+ then we can say its still possible but it becomes more improbable, it has dropped from 20 thousand to 3 thousand before so nothing is impossible but at the very least we can say day to day trades won't drop it under 10, when we went from 20 to 3 it wasn't in a day hence we need to make a room for not a day level, which is around 15, even over 13 would be fine as long as we break the high parts of it. That would make us all more comfortable.

I wont be surprised if we do stay up with these levels which is playing between sub (>< 10k price).Entire market had recovered from 3k to 10k does take years.

So I don't expect too much for us to move so quickly on breaking out those resistances just to hurry up to break its previous ATH and also there no need to hurry to see
sharp spike yet I do prefer on seeing gradual increase but it would gonna be a bumpy road.

Here is the problem in a free market like cryptocurrency, the movement is so wild ..

you never know it could plung to the lowest like -300% or having the bull run unstoppable due the decentralized nature. But people only expect for the bull run and forget that there might a correction causing the price a bit down , or how people could lost interest at crypto anytime at some point which could make things didn't went well as most people expected. You guys need to anticipate something like this more often rather than daydreaming to have another ATH over and over again , it would make the market looks more healthy for you.

The number of bitcoin is limited, the number of people that exist in this world is very large and the number of people who do not have and do not know about bitcoin is very large. So it is enough that have too much demand for the price to increase significantly, it is not an illusion to dream of price higher than the old ATH.

We are so surprised that experiencing the next bear market of the BItcoin and all altcoins. Today, BTC faces around -7.13% and drops to $10,114.40 only. And moreover, the ETH, it will decrease likely some months ago, under $200 again.
Does it mean that crypto hype is over? Crypto world is really decreasing and then the price of all coins will be decreasing again and again to the bottom?

Crypto  hype  is only starting , crypto will be our future. Decrease in price is a common thing but once the hype continues it will break barriers,  btc might start another bull run.

The altcoins are dying (see this: Bitcoin Dominance is Actually Above 90%, New Research Suggests), they are not having much use in the real world and as bitcoin has a lot of good news for the next few months, people are selling their altcoins to buy bitcoin. But I believe that after bitcoin halving, all altcoins will recover in price.

Personally i think even if we don't make it to the $20K break up, we are still going to hover around the tens of thousands. Bitcoin has been evolving with prices and now I believe we're staying in the tens of thousands for good.

I agree

[shoreno]

most of the people once they a see a price decrease in bitcoin they will start to think that it might  go even lower which may lead to panic sell and dump.

its not what you call a panic sell if they are selling in advance just before the dump happens   . its also normal for us people to think negative once we see a price decline but not all are going to sell early  .

Re: Bitcoin faces more decreases

not true  .  based on my analysis btc this year is now doing fine  . the decrease are only minor when compare to last year but the best part is that the decrease dont last longer anymore   .

[michellee]

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Yes, the price is down, but we will see bitcoin will be back to the higher rate. But until that time comes, we need to be patient and hold if you don't want to sell at a low price. At this moment, I think we can have another good time to buy more bitcoin while the price is at below than $10k because once the price increase, we don't know if this price will be the last low price that we will see. Maybe we will not see this price again in the future, so you know what you should do now.

$10,000+ is still high enough versus the price of it 2 months ago. Don't stress yourself too much because what really happens in the market is just the normal cycle of ups and downs. Volatility changes as people keep on trading but i believe that it is only the whales who could manipulate the market if they want to.

[bitbunnny]

For people who are not involved with Bitcoin long time this is maybe new or surprising but Bitcoin is volatile and price is not only rising.
Corrections in price are quite often and depend on various factors on the market and outside. This is something you should always count on, especialy when investing and planing your funds. To my opinion price will not cross 15000$ for a longer period of time.

[btc78]

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Indeed because yesterday bitcoin falls into another deep of $9k level a lowest for this quarter I guess but again got recovered and now stays in $10k level

Personally i think even if we don't make it to the $20K break up, we are still going to hover around the tens of thousands. Bitcoin has been evolving with prices and now I believe we're staying in the tens of thousands for good.

Lol 10s of thousands is what we seat now so that’s why some are expecting hovering more than 20$k again but ofcourse this is some hurting if we fail that’s why better not to expect more again.never forget what happens after 2017 hype when many people expect higher in 2018 but they fail

[Mertalot]

Unfortunately, the volumes are decreasing, too. People are less interested in trading now. But I hope it's just because everyone holds 

[STT]

Volume spikes on turning points apparently, just this day by day trading its drifting I think and its harder to tell true direction.

Here is a reasonable trend over daily bars and I think we can say its likely positive friday to monday open up until it meets the 50 day average and then it has to fight some battles around there to prove properly.



So far its moved in quite a regular way, no surprises really.