BULL VS BEAR

[GLOTHYD]

Bitcoin Price Factors
News background and the forecasts of experts. The events that occur around Bitcoin, directly affect the cost of cryptocurrency. For example, hacking of exchange platforms and negative statements by experts in the cryptocurrency sphere lead to decline in the BTC price. On the other hand, positive developments contribute to the Bitcoin value rise. Recall at least the inclusion of Bitcoin Cash in the listing of Coinbase, after which the course BTC price soared up.

The BTC price is directly dependent on the decisions of the governments of large countries regarding the circulation and use of virtual money. The emergence of prohibitions, taxes or fines for miners has a negative impact on the exchange rate of Bitcoin. This is especially noticeable when it comes to large market players, such as China or the United States.

[ChrisPop]

This is a stupid post with no substance, pure crap. Experts don't know shit, we are all experts on crypto as it's so young and if they knew something we didn't they'd be rich. Governments have shown to have very little impact, this isn't the old days of china ban Bitcoin dip fud.

Solely basing my opinion on technicals I'll say that Bitcoin is going to remain in a sideways price action through October and form some kind of a consolidation/accumulation pattern and then powerslide to the upside. On the big timeframes Bitcoin is very bullish in my opinion. However we might still have some downside to go so my prediction is between $7700 and $8600.

[doomistake]

*snips*

Bitcoin Price Factors
News background and the forecasts of experts. The events that occur around Bitcoin, directly affect the cost of cryptocurrency. For example, hacking of exchange platforms and negative statements by experts in the cryptocurrency sphere lead to decline in the BTC price. On the other hand, positive developments contribute to the Bitcoin value rise. Recall at least the inclusion of Bitcoin Cash in the listing of Coinbase, after which the course BTC price soared up.

The BTC price is directly dependent on the decisions of the governments of large countries regarding the circulation and use of virtual money. The emergence of prohibitions, taxes or fines for miners has a negative impact on the exchange rate of Bitcoin. This is especially noticeable when it comes to large market players, such as China or the United States.

This is pure bullshit, when did this happen? the bitcoin's price being dependent on the "decisions of the governments of large countries" please don't make me laugh, my parents are sleeping right now. I get what you were trying to say but it's a little off in some ways. Bitcoin was not owned by anyone, even the banks or the Government, therefore inflation rates or even they banned bitcoin in their countries, bitcoin's price will never be dependent on them.

According to what I've read, these are the factors that influenced bitcoin's price:
- The supply of bitcoin in the market
- number of its competitors (altcoins)
- the exchanges it trades on
- its internal governance

[mr3dds]

Bearish I think. I think will sink a little more. I see a lot of people selling and others afraid to buy. That's a big sign for another drop.

[negancoin]

According to what I've read, these are the factors that influenced bitcoin's price:
- The supply of bitcoin in the market
- number of its competitors (altcoins)
- the exchanges it trades on
- its internal governance

When it comes the price you can not eliminate "decisions of the governments of large countries" factor, their decisions have impact on people and trading platforms which indirectly impact bitcoin's price, for example if The U.S government decided to ban crypto you will for sure see a big crash . Yes they can't shut down bitcoin but they can impact the price. what you forgot to take into account is the fact that governments have impact on those fourth factors that you mentioned, therefore they can impact the price in both directions.

[putukin]

The bear market has begun and this will not change. I think we should not count on a price in excess of $8K. Most likely, Bitcoin price will fall even lower to around $7500

[exstasie]

Bitcoin Price Factors
News background and the forecasts of experts. The events that occur around Bitcoin, directly affect the cost of cryptocurrency. For example, hacking of exchange platforms and negative statements by experts in the cryptocurrency sphere lead to decline in the BTC price. On the other hand, positive developments contribute to the Bitcoin value rise. Recall at least the inclusion of Bitcoin Cash in the listing of Coinbase, after which the course BTC price soared up.

The BTC price is directly dependent on the decisions of the governments of large countries regarding the circulation and use of virtual money. The emergence of prohibitions, taxes or fines for miners has a negative impact on the exchange rate of Bitcoin. This is especially noticeable when it comes to large market players, such as China or the United States.

This is copy-pasted from here: https://atomicwallet.io/bitcoin-price-prediction

No need to respond to this troll. If you want to make price predictions, bring your analysis to micgoossens' thread: https://bitcointalk.org/index.php?topic=5188987.0

[CarnagexD]

As you can see the movement of the price of bitcoin it seems that we might see again bear market or if not the price might remain or stay at the price of 8000$. The current price of bitcoin is around 7800$ to 7900$ so we do not know if this price might fall or might rise. For me, if there will be a new coming bull run in this last quarter of the year 2019 we might expect that before the bitcoin halving the price have a chance to surpass its all-time high price. I still believe that its more on the bull run than in having a bear market.

[wildey]

I vote for the price of bitcoin to the level of $ 9,000. from what I read, the predicted price of bitcoin this month is approaching the price of $ 8500. however, given the current conditions, the price of bitcoin is recovering quite quickly from the price of $ 7900 to the price of $ 8300. $ 400 price increase in a short amount of time. if the price of bitcoin rises like this in October, I don't think it's hard to reach $ 9,000.

[Wysi]

I vote for the price of bitcoin to the level of $ 9,000. from what I read, the predicted price of bitcoin this month is approaching the price of $ 8500. however, given the current conditions, the price of bitcoin is recovering quite quickly from the price of $ 7900 to the price of $ 8300. $ 400 price increase in a short amount of time. if the price of bitcoin rises like this in October, I don't think it's hard to reach $ 9,000.

Yes there are chances that the value of bitcoin will increase further and either this might be the repeat of what happened in the last quarter of 2017 or else just a temporary pump before one more bearish season. It's never hard to reach $9,000 as this mark has been achieve multiple times but the real challenge here is about the stability even if the value reaches $9,000 mark there are chances of more fluctuations.

[AjithBtc]

I vote for the price of bitcoin to the level of $ 9,000. from what I read, the predicted price of bitcoin this month is approaching the price of $ 8500. however, given the current conditions, the price of bitcoin is recovering quite quickly from the price of $ 7900 to the price of $ 8300. $ 400 price increase in a short amount of time. if the price of bitcoin rises like this in October, I don't think it's hard to reach $ 9,000.

Yes there are chances that the value of bitcoin will increase further and either this might be the repeat of what happened in the last quarter of 2017 or else just a temporary pump before one more bearish season. It's never hard to reach $9,000 as this mark has been achieve multiple times but the real challenge here is about the stability even if the value reaches $9,000 mark there are chances of more fluctuations.

Price fluctuations are happening with the margin of $7800-$8300. This might continue for a while before getting pumped hard reaching the $10000 tag which takes the price of bitcoin reach a step higher than the present value. If the trend continues there will be small scale growth along with the price fluctuation. This could end up around $12000 by the end of the year.

[bassbity]

I vote for the price of bitcoin to the level of $ 9,000. from what I read, the predicted price of bitcoin this month is approaching the price of $ 8500. however, given the current conditions, the price of bitcoin is recovering quite quickly from the price of $ 7900 to the price of $ 8300. $ 400 price increase in a short amount of time. if the price of bitcoin rises like this in October, I don't think it's hard to reach $ 9,000.

Yes there are chances that the value of bitcoin will increase further and either this might be the repeat of what happened in the last quarter of 2017 or else just a temporary pump before one more bearish season. It's never hard to reach $9,000 as this mark has been achieve multiple times but the real challenge here is about the stability even if the value reaches $9,000 mark there are chances of more fluctuations.

Price fluctuations are happening with the margin of $7800-$8300. This might continue for a while before getting pumped hard reaching the $10000 tag which takes the price of bitcoin reach a step higher than the present value. If the trend continues there will be small scale growth along with the price fluctuation. This could end up around $12000 by the end of the year.

Will Bitcoin reach the end of this year at $ 12k? Many predictions are also experts who say more than $ 15k the price of bitcoin at the end of this year, but I am still doubtful because of the rise in bitcoin when it was still slow and unstable.

[BitHodler]

If the trend continues there will be small scale growth along with the price fluctuation. This could end up around $12000 by the end of the year.

If the trend continues (the trend is bearish) we'll be ready for lower lows. If we get to see the $10k level be hit this year it would really be a miracle. It would then immediately signal a bullish trend reversal.

I have seen some people point out how bearish the sentiment is and for that reason can expect a counter (bullish) move, but I doubt that. Everyone expected the triangle to break down and it actually did.

Having a contrarian view mostly works either when we have bottomed or peaked out. If you keep guessing that this or that will happen just because people are bullish or bearish, you're more likely to lose.

[crzy]

I think price will still be around the 8k because no news expected this time. Price can move off this zone if support at the range is broken but as it stays now, I'm not seeing anything big happening.

Good news should come before the year end to have the best uptrend again but yeah right now is just a normal trend for bitcoin and other cryptocurrency. Bull and bear will stay in the market but we should see different trends always and investors have to used on that, trade on bull and bear and take all the risk that you can get.

[lionheart78]

I''ll be bullish this time and will go with the prediction of this anonymous person that Bitcoin will be at $16k at the end of this october.  After years of observation, Bitcoin tends not to follow the natural price factor.  It either crash when good news happen and skyrocket when bad news happen, sometimes it just go down without any reason.  So it is hard to think that these price factor stated by OP really have that major effect on BTC.  If we remember the Binance hack, isn't bitcoin rally after that news?  Then here is this BAKKT, it is indeed a good news but Bitcoin plummet after its launch.  And most of all Bitcoin had shamed many TA professionals.  But wait, why is $16k is not on the survey list?

[gabbie2010]

I think price will still be around the 8k because no news expected this time. Price can move off this zone if support at the range is broken but as it stays now, I'm not seeing anything big happening.

The support at $8K had been too strong for the price of bitcoin to break although a negative fundamental news might dump the price to break that support however I hope there isn't any negative news event but a positive one, if there isn't any big event the price will stay above $8000 this October, weekly time frame of BTC/USD is going bullish while the monthly monthly time-frame is showing some exhaustion candles and indication of likely bullish sentiment of the market.

[Oceat]

If there is no FUD then probably the price would be bearish, so we might see some $8k+ or something within this month. I don't know if whales would make a new rally to move up the price, if not then it might be the weak-handed people starting to dump because they feel like the market would die soon.

[legendster]

This is a stupid post with no substance, pure crap. Experts don't know shit, we are all experts on crypto as it's so young and if they knew something we didn't they'd be rich. Governments have shown to have very little impact, this isn't the old days of china ban Bitcoin dip fud.

So you mean to say that this is exactly the same as the wall observer thread but only focused at a month's period and since the OP's kinda unknown, so this is shit?

C'mon. Isn't that double standards?

People are called experts purely because other people are dumb. Its true, there are no experts. Just not-dumb people.

[CryptoBry]

The BTC price is directly dependent on the decisions of the governments of large countries regarding the circulation and use of virtual money. The emergence of prohibitions, taxes or fines for miners has a negative impact on the exchange rate of Bitcoin. This is especially noticeable when it comes to large market players, such as China or the United States.

Developments and even news will have an effect somehow on Bitcoin that is if they are taken or consumed by the market as there are also news that the market just shrugged off. I remember the last ETF rejection by SEC that instead of causing the Bitcoin to go down dramatically there was no such thing and Bitcoin even go up a little. In my view, the Bitcoin market has seen so many things already and will not be reacting to things like in the past. But one thing is sure, with Bitcoin there is no way we can exactly predict how a certain news can affect it.

This is a stupid post with no substance, pure crap. Experts don't know shit, we are all experts on crypto as it's so young and if they knew something we didn't they'd be rich. Governments have shown to have very little impact, this isn't the old days of china ban Bitcoin dip fud.

I would not label the post of OP as really that stupid. While it is true that Bitcoin has matured a lot compared to the past, there is still no guarantee that a certain news -- especially a negative one -- will not be influencing the price movement of the coin. Sometimes the market still do react to some news especially when there is nothing else on the horizon.

Solely basing my opinion on technicals I'll say that Bitcoin is going to remain in a sideways price action through October and form some kind of a consolidation/accumulation pattern and then powerslide to the upside. On the big timeframes Bitcoin is very bullish in my opinion. However we might still have some downside to go so my prediction is between $7700 and $8600.

With the way things are right now with Bitcoin, your projection has come true. As I am writing this, Bitcoin is pulling back below the $8,000 level and the bearish mood is really taking place. I am sure though that this pullback is just a temporary thing in preparation for the possible bull run next year.

[Ailmand]

Investors and traders depends their actions on current events, developments and news. Whenever there are positive news in cryptocurrency such as development, adoptation and positive market speculation by trading experts it somehow affects the demand of cryptocurrency in general. Not to mention market manipulation, whenever there are massive sell-out by whales or even a movement of a big amount from one address to another somehow affects the market.