Will Bitcoin Get into the $8600 Zone?

[btc_angela]

I still think this month is a good timing to go back to over 9 thousand dollars, after all everyone is expecting bitcoin to stay around these levels or go down right now, nobody expects bitcoin to be 9 thousand tomorrow right? How many people are ready for something like that?

I don't think that we can break into the $9k levels this month. You just have to look at the trading volumes, there's not much movement and we are in the zone wherein the price tends to go on another sideway pattern, support levels are not that strong.

So, if whales decide to manipulate the market and make the price go up, they will be the few who made a profit from this and that is why I think they are working on it. Yeah, it may take some time to collaborate together again for the price manipulation but if they manage to I think the next 10 days is very crucial for them. If the price goes up in November or December that would be expected because price has been low for a while now and eventually going up is expected but if it goes up in the next 10 days that would be unexpected.

Whales do manipulate if they know that there's some big news coming, so they pump it prior that's why they make so much money about it. On the other hand, we haven't heard any positive news, last time, the Bakkt launched was supposed to be the next catalyst, but the price went on the opposite side.

[SummerBliss]

Yes it will be to get out of this zone but it will take some time say in mid of november when prices can cross $9000 as we behind $8.5k and prices today are $8.2k but bitcoin has the potential to rise fastly and in the Q4 of every year we have seen some positive growth in the charts so hope for its betterment soon.

[redsun114]

Bitcoin price drop now at $7900 so i think its gonna be drop around $7200 before the end of this month.
And many investor that will gonna buy for it because they are waiting that bitcoin price will drop.

But we are witnessing this minor drop and increase from last few weeks wherein it's neither going below $7,500 nor going beyondand $8,500. I am slightly clueless how things will be in upcoming quarter but yes the price will increase but not sure when. Investors will be playing a key role this time as they can either go for bitcoin or Ethereum as they might not choose to invest in ICO like they did last year.

I don't think this is the time that investors will actually play a low key in investment this time, because this last quarter of the year is when we usually expect some increase in the market based ion history, it is based on history that we know that the market is usually doing very great towards the last quarter of the year which we have already approached, and I think that the market dipping that we saw recently is just gathering momentum for the value that is coming in the future.

There is still long two months waiting ahead of us for the month to actually end, anything could actually turn around and we will see the market of both bitcoin and altcoin coming alive so greatly to become a matter of interest to lots of investors again. So I still strongly believe in this last quarter.

[Silberman]

Unfortunately, bitcoin can't hold its position above $8500 for a while and hovering around $8200-$8300.
Right now bitcoin still maintains $7900 as the bottom line for a few days, pretty strong at this point.
personally, I believe bitcoin will drop to $7500 and if the market still bearish, $7000 should be the lowest level before it rises up to $8K again.

You got your prediction right, bitcoin was not able to mantain its price and now it has crashed to a price below 7500, however I'm not really sure that 7000 is going to be the bottom of the current correction bitcoin is suffering, most likely the price will go down even more, it seems that there are many investors which are expecting for the market to recover because we are close to the halving but I think it will take more than that to save bitcoin from losing even more value.