Are we looking at Bitcoin down to $5K?

[7788bitcoin]

Doubt there's anyway we see the prices plummetting to the 5,000 range this year, things are still fairly stable and they haven't crashed or blown up in the recent year.

Even if the price of bitcoin goes below $6k i hope that will be the last time we will see those prices and even if it goes down just consider it as an opportunity to purchase at a good valuation. If we have the next bull run then there is no way that the price is coming down to these three digit valuation until and unless there is a major issue in the entire market, be it a big global financial crises or some other major crises.

[gabbie2010]

Although the article said that the price of Bitcoin could decrease to $ 5k by the end of this year, But I am pessimistic that it will happen. I still confident that the price of Bitcoin can reach $15k at the end of this year. The Bearish trend is starting to end slowly but not completely gone, the little Bearish trend still exists today.

I checked the article, they did give a statement but didn't backed it up with the chart analysis. This is sort of a clickbait executed poorly.  The price could go dip of course there is the possibility since this is the time where small time and big traders are re-accumulating what was dumped two years ago. If the support at $7K will break, the price to dip at $5k or even below it is possible. I doubt it will happen soon, you will have to wait for weeks to see signs.

They should had backed it up with a chart however the price movement of bitcoin is based on fundamentals as it now the price might not touch the support at $7000, once the resistance at $7800 was broken the price might retouch it and boom the bullish runs continues, I believed speculators just want the price down to $5000 to that they can buy at having in mind that the halving of bitcoin in 2020 is going to be massive.

[watergold]

Doubt there's anyway we see the prices plummetting to the 5,000 range this year, things are still fairly stable and they haven't crashed or blown up in the recent year.

When it goes down to 6k, it'll hold there and it'll only be some time before bigger investors come into play and take advantage of the lower price.

I think the only way we see this price happening is if a series of whales dump their coins.

Bitcoin will be stable in the range of $ 8000 but may not fall to the price of $ 5,000 because investors still consider the price of $ 7,700 as the lowest point, and I think a series of whales is not possible to throw coins. , seeing the current stable market conditions, but in the end bitcoin news still says that it will grow quickly and some say it is falling badly and only time can determine the price of bitcoin.

[iMark]

Doubt there's anyway we see the prices plummetting to the 5,000 range this year, things are still fairly stable and they haven't crashed or blown up in the recent year.

Even if the price of bitcoin goes below $6k i hope that will be the last time we will see those prices and even if it goes down just consider it as an opportunity to purchase at a good valuation. If we have the next bull run then there is no way that the price is coming down to these three digit valuation until and unless there is a major issue in the entire market, be it a big global financial crises or some other major crises.

I don't think we can say that all possibilities are impossible, you can't say that prices won't fall to $5k, despite the fact that some time ago many people said that the bottom line was at $10k, but the price fell deeper to $8k. You can't say that the price will definitely go up to $12k, but the price will go more to $14k. Bitcoin market cannot be predicted in the long run like this, many unpredictable things can change market conditions right away.

[beerlover]

I doubt bitcoin will be $5k but I don't doubt bitcoin could go down anytime soon. I mean look at how people look at bitcoin, everyone thinks it will go down to a really low number and price which is why we all are talking here about the $5k price, hell even $5k could be possible if we go down too much, do you really think if bitcoin goes to $6k then it won't go under neither? We have been falling for a long time if that happens (from all the way from $13.8k at max) so anything under $7k is risky.

Now, if we don't fall then there is no problem because we would go back into bull mode and break $10k once again, however as soon as we start to fall we will definitely have a risky situation where price may hit $5k or at least a bit above that nearby because of the panic sellers.

[ardentvolcanoes]

Doubt there's anyway we see the prices plummetting to the 5,000 range this year, things are still fairly stable and they haven't crashed or blown up in the recent year.

When it goes down to 6k, it'll hold there and it'll only be some time before bigger investors come into play and take advantage of the lower price.

I think the only way we see this price happening is if a series of whales dump their coins.

Bitcoin will be stable in the range of $ 8000 but may not fall to the price of $ 5,000 because investors still consider the price of $ 7,700 as the lowest point, and I think a series of whales is not possible to throw coins. , seeing the current stable market conditions, but in the end bitcoin news still says that it will grow quickly and some say it is falling badly and only time can determine the price of bitcoin.

For now we are holding from that range, but who knows what the market will bring tomorrow and the next day to follow. Some fears that it will fall to $5k level while some are waiting to take that bottom and collect those cheap coins while waiting for the expected halving next year.
It will be a tough job to call your position since volatility is very active inside the market. take your position and wait whether it will brings you the benefits that you are aiming or it will go to the other direction and failed your expectations.

[djselery]

I don't think so, the market is recovering again slowly, so BTC price is also expected to go up again during the next coming months. The actual price is a bit above $8k and it is going up, so it is hard that it will fall below $5k, in the nearest future at least.
However, it is still a good time to buy BTC, at the actual low rate, to make bigger profits soon when the price increase.

[Oceat]

I don't see any signs that Bitcoin would fall to that level of price, unless there is a correction or FUDs but I really doubt if there is. But one thing is for sure, once Bitcoin starts to go bullish, expect a bunch of BS Fuds and other negative propaganda that will going to pop out of nowhere.

Bitcoin next month might be bullish if the stable price of $8k continue and I am expecting a $9k by that time somehow. At least $9k is still a reasonable price to argue next month.

[inanilujimi]

not at all, $ 5k for Q 4 this year is not possible because usually ending the year the price of btc will increase maybe for $ 10k will be reached later this year.

[wxa7115]

Two weeks ago everything seemed like we were on a bullish trend towards a 12K mark. Now we're all fearing a 5K resistance level. Thoughts?

https://cryptotradernews.com/crypto-trader-pro/will-bitcoin-fall-to-5k-by-end-of-2019/


^^^ good insights on why btc could go up and down.

"Experts believe that Bitcoin’s performance will improve as the US-China trade war intensifies or a no-deal Brexit comes closer."

People were being too optimistic about the chances of bitcoin of reaching a new all time high when nothing of particular importance was announced at the time, so the movement that began on the first quarter of this year was mostly inspired by the incredibly low price of bitcoin and nothing more, but once the value of bitcoin reached 5 figures the demand dropped and the price decreased once again.

I really believe that 5k is the lowest the price could go this time around but it will not be a fast process, it will probably take at least a few months to see that price, but if the demand begins to increase due to the halving then the lowest price we could see could be closer to 6k or 7k.

[MCDev]

The rise and fall of bitcoin is completely normal and we are familiar with that. But I think that in the last months of 2019 Bitcoin will not drop to $ 5k, perhaps Bitcoin will fluctuate in the price of $ 8 ~ $ 10k.

[error08]

We can talk about bitcoin going down to $5K if bitcoin at $6k but at this moment bitcoin still resists over $8300 despite the recent drop from $8600. Although there are some TA predicted bitcoin will fall to $5K or 6K by the end of the year, but the prediction still too early to put aside some factors that might cause bitcoin to be the opposite, probably going to 5 digits.

[jaocoincrypto18]

The rise and fall of bitcoin is completely normal and we are familiar with that. But I think that in the last months of 2019 Bitcoin will not drop to $ 5k, perhaps Bitcoin will fluctuate in the price of $ 8 ~ $ 10k.

Although everything is possible specially its looks like the people interested in Bitcoin is diminishing but i'm also doubtful that Bitcoin will go down to $5,000 this year because it seems that $8,000 resistance is strong which mean many Bitcoin users are still keep on holding and still very optimistic about the Bitcoin future. Same with your speculation it will be $10,000 is my mark before this year would end.

[CarnagexD]

The price of bitcoin are now stable at 8300$ to 8500$ and it still keep on changing. As you can the price of bitcoin already fall down at the price of 7900$ then some of the people predict that it will to continue but, later on bitcoin pump up and reach the price of 8800$+. So for me, its very hard to determine if bitcoin will really fall to 5000$ and if ever this thing happen all altcoin will also fall and it will lead to a bloody market just like what happen in the year 2018.

[Taskford]

i am sure that there is lot of traders are waiting for buying at level 5000 for example like you said
because of bull trap , when prices of bitcoin rise above 10000 per btc , they will wake up from this dream
every one now and by a large percentage  prices will grow a lot year next year or with other better words , prices will grow next comming months

For sure it is since I think there are so many of them do a stop loss since many are been trapped when bitcoins reach for $10k, But looks like we cannot see the $5k dip since the current price is so stable and provably we can see the price soar high especially at the end of this year and on year 2020 since there is a good event will come.

[The Sceptical Chymist]

My favorite takeaway: "Experts believe that institutional investors were at play behind the recent price drop in Bitcoin. Moreover, the scenario may not improve any time soon. Sell-off may intensify and Bitcoin may plunge to $5,000 before Christmas."

That could happen, but I don't think it will--but I wouldn't venture to bet on it either way.  Bitcoin is as unpredictable an investment as I've ever seen.  However, it does appear to be stuck where it's at, just as it has been many times before.  I'm hoping that when it breaks out of its range, it'll be to the upside--and either way, I don't think it's going to test $5k by the end of the year.  That isn't too far away, and losing $3k in value in such a short period of time would be icky to say the least.

Anyone who's ever read my posts knows I'm not a believer in TA, so resistance levels don't have much meaning to me.  I constantly see that principle being violated in the market based on threads I read on the forum, so I don't put much stock in that part of the statement. 

[taiwww]

Two weeks ago everything seemed like we were on a bullish trend towards a 12K mark. Now we're all fearing a 5K resistance level. Thoughts?

https://cryptotradernews.com/crypto-trader-pro/will-bitcoin-fall-to-5k-by-end-of-2019/

^^^ good insights on why btc could go up and down.

"Experts believe that Bitcoin’s performance will improve as the US-China trade war intensifies or a no-deal Brexit comes closer."

It is too early to crumble. Such articles keep coming, nothing can stop them. Whenever bitcoin gains or loses a bit, such articles start publishing with their shitty stats and reasoning. Stop concerning yourself with such articles and keep believing bitcoin.

[bitbunnny]

I don't think so, the market is recovering again slowly, so BTC price is also expected to go up again during the next coming months. The actual price is a bit above $8k and it is going up, so it is hard that it will fall below $5k, in the nearest future at least.
However, it is still a good time to buy BTC, at the actual low rate, to make bigger profits soon when the price increase.

I agree that it isn't realistic to expect such big price drop although some corrections are possible.
From time to time market shows signs of recovering but still we are missing continuous growth so in fact price is moving back and forth all the time. To my opinion such situation will continue until the end of the year without some significant changes.

[samcrypto]

The rise and fall of bitcoin is completely normal and we are familiar with that. But I think that in the last months of 2019 Bitcoin will not drop to $ 5k, perhaps Bitcoin will fluctuate in the price of $ 8 ~ $ 10k.

We have a strong support level and bitcoin will not come back to $5k, we need to see the pump. It is normal for a hodler to see bitcoin pumping and dumping, so for those new investors don’t panic sell because you will lose money on that, look for the best future of bitcoin, $20k and beyond is still a target for bitcoin.

[djsugar]

The important support to look for is $7600. There is enough volume there but if bears go successful in breaking that we might go below $5k as that will follow Fibonacci pattern. But I doubt that is going to happen anytime soon. So far BTC is moving sideways between $8k-$8.5k. There is enough volume to sustain the price at that point.