What you expect about next move of bitcoin?

[kateycoin]

I read a lot of posts talking about expected price of BTC next few months, there are those who are expected to rise by the end of this year, but many expect Bitcoin to decline, as I read at least 6000 what you think?

Even we have expectations in bitcoin price we still don't know what will happen in next few days, weeks and months. Market is volatile so no assurance for everything though lot of us is expecting a higher price this year much better to go in the flow and observe the market.

[BitcoinHunt3r]

I read a lot of posts talking about expected price of BTC next few months, there are those who are expected to rise by the end of this year, but many expect Bitcoin to decline, as I read at least 6000 what you think?

Even we have expectations in bitcoin price we still don't know what will happen in next few days, weeks and months. Market is volatile so no assurance for everything though lot of us is expecting a higher price this year much better to go in the flow and observe the market.

A lot of people can speculate, but it is better if each people can use their own analysis. But for me who can't do analyze of bitcoin price and chart, i only see people's comment and think which one is really fit for me. And then use it to be my analyze without read chart. In big part, i only see news and reviews.

[davinchi]

Bitcoin going down is not something sad, it is the volatile nature of bitcoin that we got accustomed to and we do expect it to go down but that doesn't mean we don't like bitcoin or we do not expect it to go up eventually. Just because I think there is a high chance bitcoin goes under $7k soon doesn't mean I don't believe it will go above $20k one day.

I still think that we will see $30k+ in 2021, that is a solid prediction by me that I have been defending for over a year now, but I still think we will go under $7k soon, short term bear and long term bull is something we should all consider. If you are not bull about the future then you should not be around here, but just because you think bull for the future doesn't mean you should think bitcoin will go up everyday, you realize sometimes it goes down and accept that.

[redsun114]

There are two kinds of Bitcoin investors.
Holders who keep their money in Bitcoin and don't worry about the future. Most of them are strong bulls with a very positive attitude.
Bears who always wait for lower prices and almost never buy in. When it drops from 14k to 8k they still say it's not enough and wait for 6k, but when 6k comes they'll wait for 5k.

I do not see those ones as bears, they are just wishful thinkers which there is no way that their wish would have affected the market. Everyone is entitled to their own opinion and desire, I guess that is just their desire to buy bitcoin at an extremely cheap price which they may never realize their dream because those value is gone for life as the last of it we will see if the time it was once in the value.

The real bears are those people that are crashing the market by making massive sales when there are some bulls trying their best to keep the market active, and if the market was actually left to the bulls alone who thinks of the future of bitcoin more than now, I think bitcoin price would have been way beyond $50k, but I believe that the bull’s next move now will be stronger than the bears.

[Rufsilf]

I read a lot of posts talking about expected price of BTC next few months, there are those who are expected to rise by the end of this year, but many expect Bitcoin to decline, as I read at least 6000 what you think?

As we live in this kind of market, we can't expect other dumps or pumps. For the reason that the market remains unstable, everyone goes into more speculations rather than to keep calm and wait. What if the market turns down? Do people stay in crypto or just leave? 
Isn't really matter if Bitcoin reaches for another peak or not, the most important is to see the people consider its importance and the role that has been taking right now.

[Flor1982]

I read a lot of posts talking about expected price of BTC next few months, there are those who are expected to rise by the end of this year, but many expect Bitcoin to decline, as I read at least 6000 what you think?

Bitcoin market movement is proven unpredictable that is why is was considered a risky investment too therefore  we should not rely to some predictions only as we don't know if where is their sources came from in which some of them can freely express both positive and negative approach for themselves without the support from the real experts.

[Herbert2020]

There are two kinds of Bitcoin investors.
Holders who keep their money in Bitcoin and don't worry about the future. Most of them are strong bulls with a very positive attitude.
Bears who always wait for lower prices and almost never buy in. When it drops from 14k to 8k they still say it's not enough and wait for 6k, but when 6k comes they'll wait for 5k.

that is not a right categorization in my opinion. and the definitions aren't  great either.
someone who buys and holds is an investor, there isn't any subtype to investors. bulls and bears are for traders that are actively participating in the market. they buy and sell (doing both not just one) the difference is that bulls expect price to rise, bears expect the price to drop.
anybody who keeps expecting and never buys in, is not even an investors nor a trader nor a bull nor a bear. it is just an observer

[exstasie]

Here's a quick look at a fractal I often see on BTCUSD. I call it the "scam curve."

My trading group was very bearish in mid-late 2015 when that bear market was ending. We noticed a lot of these bear flags (just like the current one on the daily chart) that were breaking upwards. So we started calling them "scam curves" because we kept shorting them and they kept scamming us out of money.

Anyway, here's a look at how these classically bearish formations sometimes end:



And here's a look at the daily BTCUSD chart on Coinbase:



Which way will it break? Stay tuned......

[dragonvslinux]

Here's a quick look at a fractal I often see on BTCUSD. I call it the "scam curve."

My trading group was very bearish in mid-late 2015 when that bear market was ending. We noticed a lot of these bear flags (just like the current one on the daily chart) that were breaking upwards. So we started calling them "scam curves" because we kept shorting them and they kept scamming us out of money.

Anyway, here's a look at how these classically bearish formations sometimes end:



And here's a look at the daily BTCUSD chart on Coinbase:



Which way will it break? Stay tuned......

You mean something like this? Just noticed this isn't what you were referencing, but another example of your "scam curves" I believe?



I do see what you mean. Despite my bearish sentiment, I'd also be going long on a break above that trendline. Even if it was a fakeout and gets rejected by $9k flat, it's still worth the risk reward ratio as the target would be $10K+, ideally getting all the way to $12k resistance. This theory also fits with the full moon reversal theory, or at least one of them (going up or down from today)

Edit: Looking at the fractal "scam curve" from June you were referencing, there is one key difference (especially on the 4 hr chart):



In June the 200 MA is sharply moving upwards in near parabolic manner with Bitcoin finding support and bouncing strong from it; as you would expect from this bullish pressure.
This time the 200 MA is trending downwards with a considerable amount of bearish pressure, so it's certainly easier to argue the differences in these two scenarios.

[Sadlife]

I read a lot of posts talking about expected price of BTC next few months, there are those who are expected to rise by the end of this year, but many expect Bitcoin to decline, as I read at least 6000 what you think?

the 6k$ fall is expected this october as what those analyst says,and according to the thread i have read this past weeks.
the estimated time is atleasrt before the end of this month before the Bullrun happens in the last weeks of december

actually some are waiting for this to happen,specially those who are afraid in buying when the price is at 3k level not they are all eager to atleast buy in lower value before the train runs and left them behind

[Kyraishi]

I read a lot of posts talking about expected price of BTC next few months, there are those who are expected to rise by the end of this year, but many expect Bitcoin to decline, as I read at least 6000 what you think?

the 6k$ fall is expected this october as what those analyst says,and according to the thread i have read this past weeks.
the estimated time is atleasrt before the end of this month before the Bullrun happens in the last weeks of december

actually some are waiting for this to happen,specially those who are afraid in buying when the price is at 3k level not they are all eager to atleast buy in lower value before the train runs and left them behind

I agree. There's been quite a lot of issues we've seen with the prices of BTC, mostly seeing it be pretty boring over the recent months due to inactivity.

There's a couple estimates for bullruns and a decent amount of people reckon it'll go to 10,000 this year, but just don't see that being the case for me to be honest 

[Sahyadri]

I read a lot of posts talking about expected price of BTC next few months, there are those who are expected to rise by the end of this year, but many expect Bitcoin to decline, as I read at least 6000 what you think?

There was a substantial sell off which brought the price below $8k. Though price was able to come above $8k but the bulls will be capped at $8800. Price is likely to see $6k because when breakout happens after a significant time of consolidation leads to trend continuation. So, more bearish movement is more than expected. But $6k is a strong support, price going below that could lead to a drop of $4k.

[iMark]

there is always some people who are expecting bitcoin price to drop for a lot of different reasons (missing the boat, wanting to short,...) and when there is any drop their activity grows!

as to what i think, i think the price will keep going sideways for at least a couple of weeks (maybe until end of Oct.) and then slowly rises back up. if we see it go above $9k and get closer to $10k i expect another big FOMO to take place and take the price up above $14k super fast.

Of course, if everyone wants prices to go up, then certainly in the market there will only be people who would buy. some people certainly want prices to fall, with a number of reasons that are accordance in their interest. And FOMO will definitely occur when there is a rapid rise, like a while ago. In my opinion because we will approach the end of the year and the turn of the year, which is the price always goes up at such times. I'm sure we won't fall to $6k, instead prices will continue to go up.

[bitbunnny]

You can't exactly say how the market will behave and move, that is the beauty of Bitcoin.
Having in mind recent behaviour I don't expect some bigger changes. Some corrections that will happen along the way but no.major dip.
Despite some wishful thinking I don't expect significant price rise either so until end of the year price will stay more or less in the same range.

[el kaka22]

There will definitely be a new move before the halving, the halving is in may and there is about 6-7 months until the halving, that is a loooong time, there could even be 2-3 more big moves, and by big moves I mean stuff like 20%-30% changes, for example the 10k to 8k or even 9k to 11k type of big moves, not 8k to 20k type of huge moves, that rarely happens every year, it usually happens once every few years.

So, I would say the next move could be anything but whatever the next move is, the move after that will be just the opposite, so check out the prices, if it goes to 10k then it will go down to 8k again, if it goes down to 6k then it will go above 8k again, that is at least what I think, I would have drop the price even more before the halving and buy as much as I can if I was a big whale, that way I would profit more after the halving.

[uray]

I would have drop the price even more before the halving and buy as much as I can if I was a big whale, that way I would profit more after the halving.

We could see many moves like this before the halving, we might see short burst in valuation and correction along the way till the halving and we have seen many scenarios like this in the past and i am expecting the same this time, when the market started rallying last few months i thought we might see a reversal of the trend but right now the market is in the right direction like we saw in the past. Even if you are not a whale the whales will assess the situation and take advantage of the situation  .

[exstasie]

In June the 200 MA is sharply moving upwards in near parabolic manner with Bitcoin finding support and bouncing strong from it; as you would expect from this bullish pressure.
This time the 200 MA is trending downwards with a considerable amount of bearish pressure, so it's certainly easier to argue the differences in these two scenarios.

The point isn't to compare and contrast every example of the fractal. It's to point out there is more than one resolution possible from a classic bear flag. Just keeping an open mind here. Bitcoin tends to surprise.

[ecnalubma]

The market movement seems been played around by the big players, the right direction is seems unclear but same  patterns keeps on occurring. Its better to stay safe and stay away from the market at the moment, seems like a short term investors game.

[NewRanger]

The market movement seems been played around by the big players, the right direction is seems unclear but same  patterns keeps on occurring. Its better to stay safe and stay away from the market at the moment, seems like a short term investors game.

i see big whales put their trap now in market.they try to manipulate price by make pump in market.i am take rest for a while till market clearly where it will move.i am still see down possibility on $7100 or even $5700.i hope when i enter again i get best price for  my position.technically i see bitcoin price in downtrend.

[bering]

If people expecting bitcoin price lower than the current price probably they want cheaper price to buy but the expecting sometimes beyond out people expectation that when they see bitcoin price decline then most of them forget to buy more and be a part of panic sell but as we're 2 month remaining before reach new year then i personally expect bitcoin will surpassing again to $10k or if supose can more than that price