The price of BTC will go Up or down?

[rose9696]

I always expect bitcoin to grow strongly again so that IEO projects can be launched better. they are holding a lot of BTC with ETH, if the market continues to be red, those projects will die like many projects in 2018.
But after I read the article that bitcoin hashrate has dropped by 40%, it means that many miners have left bitcoin. I'm just afraid that bitcoin is dying and sharks are looking for new docks for them.

[nara1892]

Saudi Arabia oil refineries burn, and it removes 5% of world crude oil production

anyone think that bitcoin has been down these past few days because of that incident? 

[ajqjjj]

Saudi Arabia oil refineries burn, and it removes 5% of world crude oil production

anyone think that bitcoin has been down these past few days because of that incident? 

Oil burn is not a big issues in Bitcoin demand, because recent days some Big investors are concentrate in share market and suddenly some investment make loses so this one also one of the reason. But real reason is hard to find so traders are sell continuously it will affect the market. I hope next year it will going to moon so we will buy current scenario it makes good profit.

[Ridwan Fauzi]

Well, BAKKT hype? Hmmm, seems bad for those people who believe that launched of BAKKT could lead to breaking above $12,000.

I guess there are many people who have more expected to Bakkt event, but here we are the price just going down and most of them only took a panic selling who bought before the event come.

But at least the bakkt event has pointed out its seriousness to bitcoin and was made some investors especially institutional investor to pay more attention against bitcoin and it will happen soon.

I just have a prediction to bitcoin price in a few day ahead from now, the price of bitcoin will go below 8k because the support line has been broken out and its price will find another support.

[CODE200]

What you guys are expecting?

(Hope someone will quote my post to show the pic)

I still expecting that bitcoin will not fall down just like what happen bitcoin where it touch 3k USD which is not totally good especially to the people who buy bitcoin at the price of 10-15k USD. My last hope that in this coming 2020 the price of bitcoin will rise up again just like in 2017 where bitcoin reach its ATH price.

[Upgate]

1 BTC = 1 BTC always.

Funny but the straight, and correct answer to what will the price of bitcoin be. There would be no time the price would be staged at a figure for a good deal of time,
Let's just see bitcoin as something we can use to assist our financial problems

[AicecreaME]

The bitcoin's price will just either go up and down because that is how it works, I mean we can't surely know the accurate scenario that will happen next week, or next month, who knows. We are all making predictions because that is what we could all do. Bitcoin's volatility is the reason why it is so hard to make an accurate prediction of what will happen next, all I know is the bitcoin's price drop because of hashrate dropped.

But, it is just normal, it will go up again and hopefully it will make another mark in the history. Bitcoin's price is like a thief that you don't even know when will appear in your house, it will just surprise you, in a good way.

[pixie85]

I don't really think that it will repeat it's history. In the chart, I believe and much bullish mind when the triangle broke above.
But in this case, that very huge triangle which is also a huge impact on the price of Bitcoin. You see that break blow on $9,000 and boom, lead all the way below $8,000.
Well, BAKKT hype? Hmmm, seems bad for those people who believe that launched of BAKKT could lead to breaking above $12,000.

You can see that not many people believed that because we are still far above the breakout from 4000 dollars and the end of the big bear market of 2018. That move had nothing to do with bakkt and was a result of exhaustion of bearish sellers. They run out of the money in layman's terms.

That top from 6 thousand to 12 thousand was a fomo bakkt rally and this balloon got now deflated. Nothing to see here we can move on.

[AmoreJaz]

The bitcoin's price will just either go up and down because that is how it works, I mean we can't surely know the accurate scenario that will happen next week, or next month, who knows. We are all making predictions because that is what we could all do. Bitcoin's volatility is the reason why it is so hard to make an accurate prediction of what will happen next, all I know is the bitcoin's price drop because of hashrate dropped.

But, it is just normal, it will go up again and hopefully it will make another mark in the history. Bitcoin's price is like a thief that you don't even know when will appear in your house, it will just surprise you, in a good way.

theres no magic calculator that can accurately predict the price movement of BTC nor 'experts' that can shove you their exact predictions. that is why it is called a prediction!
so no one can guarantee the price movement in any way. various factors are in play in this crypto market. we cant tell exactly the reasons why a given situation is happening like now.

Honestly, this kind of questions are totally rubbish. No one knows what is going to happen to the price. When it is going to rise or when it is going to fall. The same dip took place in 2017 and then the price started to skyrocket. This does not mean the same thing is going to happen this year. Yeah I know the price is falling and almost having an identical chart like 2017, but you never know. The price might start dipping even more!

actually a nonsense question! should not be answered in the first place. lol

[Reid]

Down at 6k is my bottom.
If that aint happening then I am sure it will go up until 12k before this year ends.
FOMO is there by remembering the year 2017 of December.

Altcoins are not that popular anymore so I bet they will be looking unto the history of bitcoin for now and a higher chance to buy it.