Will Bitcoin cross 3K USD this year?

[Wilhelm]

This is what we would call a bull trap... get the last weak hands to lose faith...

[beerlover]

It seems to bear market. Should I hold BTC now?

Yes, you must hold and should buy more if your budget is allowing to risk more. By the way, $3K seems like too low, I am not saying it is impossible but it is way too low to happen, bitcoin dropped only like $2k recently, from $10k to $8k and now we are talking about another whole $5k drop for it to happen.

Now, once again I am not saying its not gonna happen or it can't happen but the likelihood of something of that magnitude to happen we need to keep going down and down without ever stopping for a long long time which in that case we would know where to get out.

Like if we go below $6k then I am cashing out all my bitcoin to fiat and then buying more when it goes even lower, I will put a stop loss (I don't know why I still haven't) at around $5.9k so that as soon as it hits under $6k I will sell. $3k is just too unlikely for now, maybe in a few months we will have a more clear answer to it depending on where price is.

[exstasie]

It seems to bear market. Should I hold BTC now?

Bearish sentiment is developing beautifully. It's like night and day vs. when we were trading in the $10,000s! People are obviously getting pretty scared. I'm getting a little scared myself! This is good. It means we're probably closer to the bottom than we think. It always feels darkest before the dawn.

Remember in December 2018 when people were expecting $1K? Well $3K might be the new $1K.

[barota]

yes . bitcoin can cross to 3k because lot of traders say past year that prices never fall below 6000 . but price fall around 3150 per btc .
no one now if bitcoin drop to 3000 per btc again

[teosanru]

It seems to bear market. Should I hold BTC now?

I don't really think we are going anywhere near these marks as BTC now is pretty strong and voluminous. Moreover we have seen in the past that 3k has acted like a psychological support for BTC because of the fact that it gained it's 19K pump accumulations from this Mark Only. We saw a lot of trading in bitcoin at this mark. So for this year I don't think we are gonna reach this mark. Even the current phase in which BTC has entered doesn't looks that bad that we could see 3k. Hold BTC atleast until we are above 6k

[J1mb0]

In my opinion Bitcoin cannot return to the price of 3k in 2019. maybe bitcoin will drop to the price of 7k which is the lowest price then it will rise again.

[Febo]

It seems to bear market. Should I hold BTC now?

LOL you got a posible nightmare for you to sell here:

I think BTC will plumb to 20K at the end of 2019

If you are wiling to take the risk and sell and then price of Bitcoin goes to $20k you can do it. Remeber those taht risk can profit. But also they lose. Or you just hold and even if Bitcoin not get 20k this year but next year you dont lose anything but gain.  It is up to you.

[wheelz1200]

It seems to bear market. Should I hold BTC now?

In my opinion it's never a bad idea to just hold it limits your upside risk.  If bitcoin breaks out on the upside you wont be left buying back in higher or trying to wait for another dip cycle.  Smart money will buy the way down but I dont think its gonna touch closet 3k, just my 2 cents

[marky89]

It already did, was in January.

Nope, we never made it below $3000. The bottom was made last December in the $3100s.

Will Bitcoin cross 3K USD this year?

Yes! Absolutely!

This sure brings me back to the old days.

Anyway this is a bear trap, guys. Masterluc said months ago we would test the $6000s as support after the first leg of the bull market was over. That's exactly what's happening now.

[Vaculin]

It seems to bear market. Should I hold BTC now?

In my opinion it's never a bad idea to just hold it limits your upside risk.  If bitcoin breaks out on the upside you wont be left buying back in higher or trying to wait for another dip cycle.  Smart money will buy the way down but I dont think its gonna touch closet 3k, just my 2 cents

Whether we are in bull or bear market, we still have to hold if our target is not achieved yet.

If we will allow people to dictate us on what to do because we panic in FUD, then we will surely not gonna have a long journey here and we will not feel calm. I know some still didn't learn although we have already seen how strong BTC in the past, the fact that it dump to $3K after the bull run and began to recover this year, we should not underestimate the power of BTC, its down because it was manipulated, better thinking that way so you will believe its real value is not what we are seeing now, it should be higher.

[logfiles]

It seems to bear market. Should I hold BTC now?

If you are still waiting for 3k, the good luck to you but i don't think it going to hspprn this year. The drop looks like just a minor pull back to me. We should be able to be fully aware of there in the coming days

As we speak now there are some major movements trying to reverse the drop that has been happening for a few days now.

[Kemarit]

This is what we would call a bull trap... get the last weak hands to lose faith...

Probably just another shake up and get rid of those weak hands.

It seems to bear market. Should I hold BTC now?

Why $3,000 though? Why not $1,000 so that we can purchase more and fill our bags? Are you one of those weaker hands that we've describing? If you don't have faith or at least very nervous about the current price then why not just hold on your Bitcoin and then let this bearish cycle pass by? Opps, I spoke to soon, Bitcoin somewhat recovered to $8200 now.

[hulla]

I think BTC will plumb to 20K at the end of 2019

Neither will the price of bitcoin market dump to the 3000 price range mentioned by the OP nor will the market surge to 20K you mentioned and I don't know if most people notice that the crypto market usually experience some dump in price before it halving. Mind you, the market is currently resisting downtrend despite tomorrow is weekend.

[Deborah Christine]

It seems to bear market. Should I hold BTC now?

Of course you should hold bitcoin because I'm optimistic that bitcoin is still the biggest volume of crypto assets in the world. And if we follow the historical pattern of past Bitcoin increases, indeed after or before Halving Day, the price of Bitcoin goes up high.

[ethereumhunter]

It seems to bear market. Should I hold BTC now?

Yes, you should hold your bitcoin. But I suggest you buy more bitcoin if you have more money and you want to make a profit later. Bitcoin now is at a low price and still below than $10k, so it is a good price to buy. But be careful because the price can get down again without you know so make sure that you analyze first before you bought. But we are still in the bear market so anything can happen.

[danherbias07]

Why not?
C'mon, look at the history first. This is just some minimal dump which happens with bitcoins almost every month.
It wont cross that low, believe me and I bet it wont anymore.

There is too much supporters now than it was before and also the usage is getting more wider than before. Think positive for it will take us to the moon in the future.

[EdenHazard]

It seems to bear market. Should I hold BTC now?

Bearish sentiment is developing beautifully. It's like night and day vs. when we were trading in the $10,000s! People are obviously getting pretty scared. I'm getting a little scared myself! This is good. It means we're probably closer to the bottom than we think. It always feels darkest before the dawn.

Remember in December 2018 when people were expecting $1K? Well $3K might be the new $1K.

Well now I'm exciting than ever ... holding bitcoin for long time already and looking for buying more on discount right now till the dip! Who else with me? Thinking and move against the market trends trigger my adrenaline   ... I've got no problem to see the market crashed even worse , ready to fill in my basket full of fresh bitcoins!

I expect nothing in bitcoin but a really long long time investment ...

I tend to agree with Pompliano who think that bitcoin is world's best performing asset class over past 10 years ..

Here's why :

2010: 6¢
2011: $4
2012 $10
2013: $100
2014: $400
2015: $200
2016: $600
2017: $4,000
2018: $6,000
2019: $8,000

2020 ? You tell me.

[eaLiTy]

It seems to bear market. Should I hold BTC now?

The price of BTCitcoin has already crossed 3k USD a long time back  .  Welcome back after the induced comma .

I think BTC will plumb to 20K at the end of 2019

If not will get a plumber to pump the price to those levels  .

Yes / No

You mean Yes, no, maybe , a song by Bae Suzy .

@OP anything can happen in a market but that does not mean the price will drop to $3k just like that unless there is a major market crisis.

[illyiller]

Why $3,000 though? Why not $1,000 so that we can purchase more and fill our bags?

You wouldn't be buying at $1,000. Nobody here would be. We would all be scared shitless.

Most people get scared and pull their bids when the price is crashing. Plus, crossing below the 2013 ATH (the likes of which has never happened before) would be a really bearish long term technical signal.

[samcrypto]

It seems to bear market. Should I hold BTC now?

Of course you have to hold bitcoin because its not good if you don’t have it and if ever we go back to the bottom you must have the money to buy more bitcoin because it can go up high again just like the previos trend. Don’t panic if we are on a bear trend, it will reverse in time because its the cycle of the market.