Will Bitcoin cross 3K USD this year?

[SummerBliss]

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.

You don't expect something to fall by 90% and still believe it will recover. It took around 8 months for Bitcoin to recover from 65% fall in 2018, imagine how many months will it take to recover 90% fall. So if you think it's ok for Bitcoin to fall to $1000 then it isn't really. If anything of such sort happens then Bitcoin will get the status of non-serious gambling investment than a competitive high-yielding investment status it has now.

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[bitbunnny]

I can't see the reasons why would Bitcoin price fall so deep. Some more corrections will happen, that is what we can expect but I don't expect to see some major dump, not that price could fall below 6000$, that is my worse expect ation. Even if that happened it wouldn't be over night but after that the price will not recover so soon. So don't expect that you will buy Bitcoin at 3000$ or less at one day and sold at 10000$ the next.

[Silberman]

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

You can do whatever you want with your money, however bitcoin has a tendency of generating higher lows, the lowest price in which we saw bitcoin being sold during this year was 3500 this most likely means that from now on we are never going to see bitcoin going below that price again, we may see 6000 or 5000 again but we will not reach 3500, since you are worried about seeing a price below 3000, probably because that is the price at which you bought bitcoin, then you have nothing to worry about and could hold your bitcoin without any problems.

[samcrypto]

I will not wait for any articles to tell me when to buy because I know to myself that I have to rush in the market and buy bitcoin because its cheap but if its go down again then maybe I will loan a money and buy more bitcoin again. There’s a risk on buying so be prepared and don’t just buy because of any signal.

[Reatim]

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

Lol 3k usd is an insult right after the near bullrun and now since there’s a small issue in prices expecting bellowing $3k? Nope it won’t happen I’m sure because this fall is just a result of manipulation but they can’t make it lower than $6k

I assume that this will continue but not lower than $6,000(I’m confident and believe)

I will not wait for any articles to tell me when to buy because I know to myself that I have to rush in the market and buy bitcoin because its cheap but if its go down again then maybe I will loan a money and buy more bitcoin again. There’s a risk on buying so be prepared and don’t just buy because of any signal.

lol while I believe that we should be accumulating more when dip,but I don’t want to encourage anyone to take another step that my risk their livin.having a load because you believe market will grow soon is a suicide and must not Ben tolerated

[darewaller]

Reality is people are always afraid, they lived the time of 20k to 3k times so when the price goes down it brings back those bad memories, that is why they have not really get over the fact that if bitcoin drops it doesn't really mean it will drop even more, it just means it may not drop too much but keep stagnant after the first fall.

Just because we fell from 10k to 8k doesn't mean we will go to 3k, it means we can stay at around 8k as well, not saying it won't go down but it just doesn't have to. I am trusting bitcoin for now, until it goes under 6k I will keep mine at bitcoin and hodl it, if it goes under 6k I may have to change some stuff up and do something else, I know its a risky move to wait that much but I feel like we will not stay here too long.

[carlisle1]

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

We have already crossed $3k in first quarter of this year lol 😂 so it’s impossible to go back it’s not fair ..

Anyway kidding aside I don’t know where did you get that assumption but that’s too low for bitcoin to struggle again as bull is already here

This BAKKT effect will end very soon now and you’ll see another growth again so just keep the holding and stay trusting bitcoin

[ajqjjj]

I will not wait for any articles to tell me when to buy because I know to myself that I have to rush in the market and buy bitcoin because its cheap but if its go down again then maybe I will loan a money and buy more bitcoin again. There’s a risk on buying so be prepared and don’t just buy because of any signal.

What is difficult in here is that we are too much optimistic to see prices always at high which is supposedly we don't have to be like that. We already know the fact about crypto and the volatility itself, we can't figure it out when it comes out strong or weak. And I think that you know it already.
And forgot about in making loan cause it is not a good idea especially if you are just to investing in crypto. We don't have 100% assurance in here and this a reason also why people are badly in debt.

Some peoples are always fear in crypto investment, so we don't clarify the situation and How it will going to moon. So don't think the risk factor because they never fear the Bitcoin investment and it will on future and demand. May be current dump is affect yourself so you don't believe the Bitcoin potential. If you consult any experienced traders they are all still involved in Bitcoin trading.

[Kotone]

If you bought it a a very high price than its price now then you must hold, I dont think no one will benefit from selling from a lost I guess. Many people lose their fund due to panic selling, this is thr problem by most. No one can really predict what will be the price of it or the market movement. Analysis some is blur and can't be so accurate.

[suzanne5223]

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

3K i don't think it will happen again in short time. Don't know about in future, maybe for interval this year i think will keep stable like this.

Even in the future, the price of bitcoin market will never dump to the price range suggested by the OP because ever since the year 2017 bitcoin market seems to maintain the act of never dumped to previous it previous depth price and if I'm correct the last depth price of bitcoin was $$6,100-6200. Besides, after this upcoming bitcoin halving the remain bitcoin to be mine won't be much and bitcoin could reach the total 21million anytime.

But not want to resist that if people panic and sell their assets, it can be happen. Maybe if me i will stay to hold my bitcoin because i can see bright future from it. But not want to force people to hold it too because it is their own choice.

Even if some people panic sells their holding it will just create an opportunity for the whales since the impression of this current dump in price of the market is for the whales and opportunity seizure investors to accumulate more coin in cheap.

[Heimer]

If you bought it a a very high price than its price now then you must hold, I dont think no one will benefit from selling from a lost I guess. Many people lose their fund due to panic selling, this is thr problem by most. No one can really predict what will be the price of it or the market movement. Analysis some is blur and can't be so accurate.

Holding is best idea whether you've bought at 20k or 2k. Trading is risky and not many people are able to predict price movement accurately to make right trading decission

[Vaculin]

If you bought it a a very high price than its price now then you must hold, I dont think no one will benefit from selling from a lost I guess. Many people lose their fund due to panic selling, this is thr problem by most. No one can really predict what will be the price of it or the market movement. Analysis some is blur and can't be so accurate.

Holding is best idea whether you've bought at 20k or 2k. Trading is risky and not many people are able to predict price movement accurately to make right trading decission

Holding is risking as well as the moment we invest, there's already a risk inherent to it.
Think of holding only if you don't have the skills in trading but when you hold, you also need to have a better understanding in the market so you will not be hit by FOMO and FUD which normally are the reasons why the market move significantly.

[Darooghe]

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.

The halving event won't do magic for BTC just as it did nothing for LTC. This is just more propaganda for novice traders to buy into and for whale bag-holders to sell. In beginning the halving was far more important, but now everyone knows about it so far in advance it's already priced in. The halving won't do anything for BTC except cause another dump when it disappoints like Bakkt! I'm waiting for a magical news about bitcoin more fundamental than halving event.

[Ailmand]

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

$3000 is to far. If ever bitcoin price will drop, a lot of people would be buying it at cheaper price which would prevent the price to go that low. People are waiting for the next bull market for almost over a year now. So, I guess a drop that low is not that probable at the moment.

[jaocoincrypto18]

I guess you bought your Bitcoin before at $3,000 therefore i suggest that you should sell it now as i think you have earned more than half of it. In fact $10,000 is already a huge opportunity that maybe you have missed too. Even do its more likely it will not hit the $3k and below because we have only few months left before next year but Bitcoin market is proven unpredictable therefore everything is possible to happen.

[Anegg]

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

Bitcoin is a long term investment. Holding is the best option no matter what price you purchased bitcoin for and there is almost no chance that it falls below 3k USD this year. Even in periods of falling value, it always returns to a stable point due to the cycle of crypto, similar to the economic cycle.

Another option which would be viable is distributing your bitcoin into other assets or altcoins which you believe have a better chance of increasing in value, however, this can be risky if you do not know what you're doing. Trading your bitcoin may provide an alternative to holding but requires a solid understanding of the market and shouldn't be attempted without prior research.

[btc_angela]

I've seen the price recovered today, but seems to be early to say that we are out of the bear market. Strong support though at $8k and it seems we have found our new bottom for now. I thought that the market has been taking over by the bears, but the bulls are definitely back so I think that we can see the price crossing $3k again, in my opinion.

[BitHodler]

I've seen the price recovered today, but seems to be early to say that we are out of the bear market. Strong support though at $8k and it seems we have found our new bottom for now.

There is no such a thing as a recovery as long as we hover below the 200MA. What we are experiencing is just sideways movement where we are stuck within a web of moving averages that will likely keep the price down.

A recovery would be to close above the 200MA on the daily chart.... even though it looks like we're very close, it will be a major hurdle for the price to overcome. People saying it will be an easy task are wishful thinkers.

As for the bottom, I don't think we're there yet. The VPVR indicator has shown that there would be support coming in, and it did. Let's hope $7.7k was the bottom but I'm not holding my breath. I expect more red in the coming weeks.

[CarnagexD]

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

I agree with you that there is a chance that bitcoin will fall again into the bear market but still unpredictable and let's see if bitcoin will truly drop at the price of 3000$ in the end of this year 2019. If I were you, I will probably buy now and I will for the next halving of bitcoin which has more potential that the price will pump. Lastly, Just look at the chart in the market and speculate if bitcoin will really drop on that price and if never you should buy now.

[wildey]

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

bitcoin prices did go down quite steep due to the effects of BAKKT. but, I don't think the price will touch $ 3k. however, the increase in the price of bitcoin is quite high to date, and even the price increase that occurred since the beginning of the year is more than 130%.

At the moment the price of bitcoin is starting to recover. I suggest holding bitcoin in your wallet, I'm pretty sure the rise in bitcoin prices will be really very high by the end of this year. even the german bank predicts a pretty high price after this year. You can check the link below

https://beincrypto.com/german-bank-calls-for-90000-btc-as-halving-hardens-bitcoin/