Are we looking at Bitcoin down to $5K?

[FanEagle]

Looking at how we have been waiting for a bear run for a long time and instead of going down bitcoin actually went up a little bit, I would say the 5k fear is gone for now.

It is bitcoin and we may never know when it will come back and surely I will be afraid of 5k once again if the price goes under 8k again, however for now I feel like I am more pumped about 10k+ because we were there just a month or so ago and its looking like there is no big wall or anything in our way to reach back there, so I would assume bitcoin could go above 10k easily without any hassle from any indicator neither. 5K was a real threat tho, like seriously it looked like we would be going under 5k and reach back the prices pre-April times like 3.4k-4.2k levels but now that looks gone thankfully.

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[DarkIT]

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.

I also think that the price of bitcoin won't reach $ 5k. looking at the current development, I just think that the price of bitcoin will be higher. however, I don't really understand why some people still continue to predict that the price of bitcoin will reach that level, even spreading FUD to make the price of bitcoin go down. in fact, many people predict that the price of bitcoin at the end of this year can reach the level of $ 10k.

[okala]

In the cryptocurrencies market all things are possible. Bitcoin can get down to $5000 but we should expect it to get to $20,000 before end of January this year.

[d3nz]

Last few days there is a major support for $8.1 and it already bounced back and hit $8.3k now. But we don't know what will happen it a few hours or days if it will go down or up and the market is messing us, very unpredictable.

Much better to make a buy position below $8k in case it will plummet really hard just to make sure to take advantage of it and also stop-loss order in case it soared up.

[bassbity]

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.

I also think that the price of bitcoin won't reach $ 5k. looking at the current development, I just think that the price of bitcoin will be higher. however, I don't really understand why some people still continue to predict that the price of bitcoin will reach that level, even spreading FUD to make the price of bitcoin go down. in fact, many people predict that the price of bitcoin at the end of this year can reach the level of $ 10k.

The market is quite stable there is no red sign that continues to continue, for those who spread the FUD that bitcoin will reach $ 5,000 it does not use analysis or imagination, we have to think positively and who are affected by the saying that bitcoin will soon go down, my goal is that bitcoin goes up high in there we will benefit.

[danherbias07]

Too low figure for me. Last time I checked we are at 6k and never really went down that number afterwards.
It will keep on resisting at that number and might go up in no time in just a manner of time.
For now, the value is still higher than anyone is expecting it.
We are just so used with the 5 digit number for it stayed there for too long.

13k might be the next higher amount and 7k will be its lower. It cannot go down anymore. There will be no correction.

[traderethereum]

If the price down to $5k, then it will make panicking at the market. People will not think twice about selling their bitcoin because they don't want to see another loss from bitcoin. That will be a great chance for other people who want to buy bitcoin at that price level, and they will make sure to buy a lot of bitcoin while the price is down. But I don't think that the price will get down to $5k because I think we already see the very lowest price before and that could be the last lowest price we've seen this year. But yes, everything can happen in the next month because we don't know what will happen later.

[exstasie]

If there will be another attempt at breaking down $7,700 and beyond it's probably going to be soon. Yesterday's daily candle printed a proper downward range expansion:



On the other hand, time is running out on the weekly downtrend and none of these selloffs are materializing. So we could be forming a major bottom. If this range expansion fails and bulls take it back above $8,400 or so, there will be a daily buy signal.

Very interesting spot to be in!

[Naida_BR]

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."

I don't think that we are in an upward trend a week ago.
The market seems that they have lost the confidence of investors. It would be more an option to drop down below 5k as we are in a stagnant situation all those months.

[iv4n]

If the price down to $5k, then it will make panicking at the market. People will not think twice about selling their bitcoin because they don't want to see another loss from bitcoin. That will be a great chance for other people who want to buy bitcoin at that price level, and they will make sure to buy a lot of bitcoin while the price is down. But I don't think that the price will get down to $5k because I think we already see the very lowest price before and that could be the last lowest price we've seen this year. But yes, everything can happen in the next month because we don't know what will happen later.

You are hero member, you are here for years, selling at bottom and buying on top is what makes your money go away. Who sold over 10k, like me for example and many others, are now waiting for good chance to get in again. If it drops to 5k I will double my amount of bitcoins! And many others.
What you talk about here is a nice explanation about what many people are doing and how they trade, it`s how they lose their money and coins. Don`t be like those people!

[Pearls Before Swine]

If the price is down too much then buy! Do the opposite when it's up.

That's what I've been saying lately, both to myself and in posts I've made.  If you really believe in bitcoin, that it's the king of crypto and will eventually soar then it's times like this when you should be buying, ie, when it's down.  But it never fails that when bitcoin *is* down, people start talking in this doom and gloom manner and start questioning how far it can fall.

Bitcoin certainly could drop to $5000 and even lower.  If and when that happens, you know something?  I'll be buying more of it.  It will be like a liquidation sale at that point.  I don't know why a lot of bitcoiners don't see things that way.

[Oceat]

If the price down to $5k, then it will make panicking at the market. People will not think twice about selling their bitcoin because they don't want to see another loss from bitcoin. That will be a great chance for other people who want to buy bitcoin at that price level, and they will make sure to buy a lot of bitcoin while the price is down. But I don't think that the price will get down to $5k because I think we already see the very lowest price before and that could be the last lowest price we've seen this year. But yes, everything can happen in the next month because we don't know what will happen later.

You are hero member, you are here for years, selling at bottom and buying on top is what makes your money go away. Who sold over 10k, like me for example and many others, are now waiting for good chance to get in again. If it drops to 5k I will double my amount of bitcoins! And many others.
What you talk about here is a nice explanation about what many people are doing and how they trade, it`s how they lose their money and coins. Don`t be like those people!

Buying during high and selling during lows? Lol
That would be the dumbest idea ever if someone has to do it. Those people are weak-handed who can't control their self to extend their patience and HODL.

We should be wise to choose our option when investing Bitcoin, just take the failure of the others as a lesson to learn and never do it again.

[Triffin]

If the price down to $5k, then it will make panicking at the market. People will not think twice about selling their bitcoin because they don't want to see another loss from bitcoin. That will be a great chance for other people who want to buy bitcoin at that price level, and they will make sure to buy a lot of bitcoin while the price is down. But I don't think that the price will get down to $5k because I think we already see the very lowest price before and that could be the last lowest price we've seen this year. But yes, everything can happen in the next month because we don't know what will happen later.

If you are thinking that the lowest price will provide opportunity to many other to buy a lot of bitcoins then you should also think that if the price of bitcoin come to the lowest i.e $5k, the value of bitcoin will also decrease and nobody here want this as people are waiting for the pump. I think those people who can afford bitcoin should buy it soon because in future the price will be very high as it will not going down to $5k and if they buy bitcoin now it will bring profit for them.

[ololajulo]

I dont expect anything below $6k which we should see before the end of the year.  The 6k prediction has been around since the 13k dump, by the beginning of 2020 the sentiment should change towards the halving while another pump toward 20k and break the ATH after the halving. Traders strategy now should not be on sentiment especially with  its volatility, buy along any price movement

[vintages]

I hope bitcoin will not reach less than 8k$, the year 2019 is coming to an end and still, bitcoin has no sign of getting up. The market is still fragile and unstable, long term investment is sure for now.

I thought bitcoin in 2019 is similar to 2017's bull run.

We have two months to go before the ending of this year, so anything can happen.
The market is still very unstable and has keep fluatulating but it's still the best time for any interested investors to buy.
We may not see the same price we saw in 2019 but hopfully the remaining two months will come with a price pump.

[STT]

We will see a bear market rally before we get to 5000 because the further we travel from the averages the more stretched the move becomes, same thing applies to when we suddenly rise to 13,000 and people think it can go on forever. 
   The selling will abate without weight behind it but I'd say 6000 is the more likely area for it to ground and find resistance enough to rebound upwards.

[Twinkledoe]

I hope bitcoin will not reach less than 8k$, the year 2019 is coming to an end and still, bitcoin has no sign of getting up. The market is still fragile and unstable, long term investment is sure for now.

I thought bitcoin in 2019 is similar to 2017's bull run.

We have two months to go before the ending of this year, so anything can happen.
The market is still very unstable and has keep fluatulating but it's still the best time for any interested investors to buy.
We may not see the same price we saw in 2019 but hopfully the remaining two months will come with a price pump.

I am very optimistic also for what will happen on the remaining months of this year. I hope it will not go down any further but if it will go down, might be a good opportunity to buy some because sooner or later, I have the feeling that it will increase its value. Mass adoption in crypto is real as many more merchants and institutions are participating the blockchain revolution.

[wxa7115]

If the price down to $5k, then it will make panicking at the market. People will not think twice about selling their bitcoin because they don't want to see another loss from bitcoin. That will be a great chance for other people who want to buy bitcoin at that price level, and they will make sure to buy a lot of bitcoin while the price is down. But I don't think that the price will get down to $5k because I think we already see the very lowest price before and that could be the last lowest price we've seen this year. But yes, everything can happen in the next month because we don't know what will happen later.

You are hero member, you are here for years, selling at bottom and buying on top is what makes your money go away. Who sold over 10k, like me for example and many others, are now waiting for good chance to get in again. If it drops to 5k I will double my amount of bitcoins! And many others.
What you talk about here is a nice explanation about what many people are doing and how they trade, it`s how they lose their money and coins. Don`t be like those people!

While you are right you also need to look at the good side of this, all of those that decide to do the opposite of what is needed to make money in this market and sell at the bottom and buy at the top are the ones that allow people like us to get profits, if it wasn't for them it will be impossible to get profits in the market, and if they were a minority then the profits that we could get will be very low.

But since they are so numerous and they take bad decisions then it has allowed us to enjoy profits that would be unthinkable otherwise, I just hope this state remains for a long time or at least until I can get to my goals.

[Apened]

It is possible but as long as the trend doesn't go down below 7k i'm looking at 7,200 which might be the last drop for me. while 6k is still imminent for the price to drop 5k is still not in range for me unless it does a double bearish pattern that can be a continuation of a bearish. So i'd rather think about 6k first before making a new set of trend analysis.

[Hypnosis00]

Just take a breath...
It isn't surprising if Bitcoin's price may go down deeper and reaches $5k or $3k again...The market volatility still unbreakable and any changes may happen is not a thing to worried about and not actually a thing that could lose our hopes. But seeing the market today, I don't think that it will take more dips until we end up this year.