Bitcoin Will hit 5500 ?

[maydna]

Seems we have to prepare more cash to buy the dip, it will drop to the significance level, can't resist the temptation obviously. I'm surprised that there are people willing to sell bitcoin at cheaper rates like below $6000, but there the list; miners, traders, and manipulators. Considering miners still gain profits after cover their expenses, there is no problem to keep selling bitcoin.

For a very short moment you had the opportunity to buy bitcoin for 6500 dollars unfortunately this opportunity was very brief and if you were not watching the market when that happened then you missed it, since then the price has recovered but I have the feeling that is not going to be the last time that we are going to see such a low price, because it seems that everyone is doing the best that they can to defend the 7000 level but it seems like it is a lost battle.

Congratulation on people who already bought bitcoin at below than $7000 because now, we are hit more than $7000 in a few hours, and I see that the price still trying to break the higher rate. If many people are trying to buy bitcoin again, I think that can push the price to increase so we will see another high price. But be careful because the price still cannot be predicted and we need to prepare if the dump is coming again. But still, the trend still at the downtrend, so that needs more attention and more analysis to know what will happen later.

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[piebeyb]

i think bitcoin will hiy 5500$  because of bitmex leavrage trading

I wink at that price as a strong buying support at $ 5500, we are still at PLAN A where prices will continue to stabilize until the beginning of the year and move up close to halving or enter into PLAN B touching the support floor of $ 5500 buying until early next year and starting crawling up to halving, there are 2 PLAN where I like to let the whales play with prices and buy some bitcoin when it's cheap, only that does it repeatedly

[lionheart78]

i think bitcoin will hiy 5500$  because of bitmex leavrage trading

Or it can go higher than $20k if that is your reasoning.  Anyway, all of the stated figure here is just an assumption thinking that Bitcoin price will go this way or that way.  I am not saying that there is no possibility that Bitcoin will go down to $5500 but the same possibility may occur that it will hit more than $10k in the coming days.  Remember the strength of the halving hype is getting stronger as the time of the halving is getting nearer.

[michellee]

i think bitcoin will hiy 5500$  because of bitmex leavrage trading

Or it can go higher than $20k if that is your reasoning.  Anyway, all of the stated figure here is just an assumption thinking that Bitcoin price will go this way or that way.  I am not saying that there is no possibility that Bitcoin will go down to $5500 but the same possibility may occur that it will hit more than $10k in the coming days.  Remember the strength of the halving hype is getting stronger as the time of the halving is getting nearer.

I hope that bitcoin price can back to the highest price like what we saw in 2017. But if somehow, the price is getting down and reach $5500, that will be our best time to buy bitcoin because we are hard to see that price will happen in the future. Yes, the halving moment will be a good time to push the price to jump to the higher price, and we can hope that soon after the halving happens, the price will start to break the higher price and still increase higher.

[eaLiTy]

So we could drop to 4k price in coin based on the s17 pro's earning price.
I do not see  your 5500 guess out of line.

I do not agree with the point that the price of BTCitcoin is solely based on the difficultly level or the expenditure to generate a BTCitcoin, it has nothing to do with the way the structure works, it is solely dependent on the investors and you cannot expect the market to see more investors because the miners are at a loss  . The reason why everyone expects the market to rise after halving is because the number of coins created will be reduced and thereby less coins in the market.
When the market breached the support level of $6500 i thought we will go to the second support level but then the market rallied again, if we see a correction now, we might touch the second support level and even the third but i doubt we will see those valuations considering the amount of investment that comes in whenever the price touches the first support level.

[exstasie]

We are slowly turning into a bullish scenario. Expecting $9000 by the end of the year. SMH

Possible. There are two bullish scenarios I'm considering in the short term:



The aqua path is the impulsive scenario. It calls for a 5-wave advance that would likely test (and temporarily fail at) the descending trendline from the $13,800s. This scenario suggests the bottom is in and the early 2019 bull run may be continuing.

The red path is a measured move target. It's the conservative target that assumes this November-December consolidation is an expanding flat wave. If this scenario plays out, it would indicate sideways congestion or more bearish price action to come.

I'd like to see that OBV get off the ground. There is still some weakness here.

[monineklutak]

it seems that $ 5500 won't happen for now, $ 6500 has already been passed and bitcoin is now above it, maybe later Q1-Q2 Bitcoin is accumulated at $ 6500- $ 8000 before flying after halving  

[maxreish]

i think bitcoin will hiy 5500$  because of bitmex leavrage trading

Oh no. But since it reached down to $6k last few days, it can be possible to hit down to $5,500. We still keep on holding. Not all the time we will experience this kind of bearish moments. Speculations saying that bitcoin will still have a high chance to go up next year to $20k. Lets just hope for the best since halving next year will coming soon.

[Wysi]

it seems that $ 5500 won't happen for now, $ 6500 has already been passed and bitcoin is now above it, maybe later Q1-Q2 Bitcoin is accumulated at $ 6500- $ 8000 before flying after halving  

We are struggling to cross $8,000 mark again it's hard to believe that we have already crossed the mark of $10,000 twice this year because those were shortlived and the fact remains the same that bitcoin can go either way as it might go below $5,000 as well as above $8,000 within a short span of time if the whales and traders decide to turn the tide as they did in the past. I don't think we will see a stable market situation until the end of the halving post which the prices are expected to pump.

[shoreno]

it seems that $ 5500 won't happen for now, $ 6500 has already been passed and bitcoin is now above it,

if it cross 6500 does not mean that it will continue soaring high but there was still a small risk/chance of the price to plummet   .  that can likely  happen on the next cycle  .

We are slowly turning into a bullish scenario. Expecting $9000 by the end of the year. SMH

oh really  ? this might be true because the price were now heading that way  . currently the value was back again at 7k and hopefully itll continue to atleast 9k usd by the end of the year   .

it's hard to believe that we have already crossed the mark of $10,000 twice this year

no it itsnt . 10k usd was a small price compare to what btc have achieved before  so its not surprising to see that happen   . infact people are expecting more about what btc can do  .

[Barbut]

it seems that $ 5500 won't happen for now, $ 6500 has already been passed and bitcoin is now above it, maybe later Q1-Q2 Bitcoin is accumulated at $ 6500- $ 8000 before flying after halving  

We are struggling to cross $8,000 mark again it's hard to believe that we have already crossed the mark of $10,000 twice this year because those were shortlived and the fact remains the same that bitcoin can go either way as it might go below $5,000 as well as above $8,000 within a short span of time if the whales and traders decide to turn the tide as they did in the past. I don't think we will see a stable market situation until the end of the halving post which the prices are expected to pump.

We will not see a stable market for years. Before and after the halving we can expect turbulent times, the price can rise, the price can drop really hard after that, who can tell where is the next top and where will be a new bottom, nobody. I will save my Bitcoin for some higher prices, probably that will be for after the halving.

[darkangel11]

it's hard to believe that we have already crossed the mark of $10,000 twice this year

no it itsnt . 10k usd was a small price compare to what btc have achieved before  so its not surprising to see that happen   . infact people are expecting more about what btc can do  .

10k is nothing. It's only 50% of ATH. It's the same as $500 in 2014 and 15. Would any of you say that 500 dollars was an important level on the way to 20k? Now nobody even mentions it in the TA or as a possible low. The lowest low mentioned in the tA of bearish traders is 1k and even that is a rarity, most see 3500 as the bottom and expect nothing worse than a double bottom at that level.

In 5 years nobody will talk about 10k when we're at 50k. this fall from 7k to 6.5 we had in the recent weeks will not even be just one small candle on the chart. You'll need to zoom in to even notice it.

[kapalmabur]

it seems that $ 5500 won't happen for now, $ 6500 has already been passed and bitcoin is now above it, maybe later Q1-Q2 Bitcoin is accumulated at $ 6500- $ 8000 before flying after halving  

We are struggling to cross $8,000 mark again it's hard to believe that we have already crossed the mark of $10,000 twice this year because those were shortlived and the fact remains the same that bitcoin can go either way as it might go below $5,000 as well as above $8,000 within a short span of time if the whales and traders decide to turn the tide as they did in the past. I don't think we will see a stable market situation until the end of the halving post which the prices are expected to pump.

We will not see a stable market for years. Before and after the halving we can expect turbulent times, the price can rise, the price can drop really hard after that, who can tell where is the next top and where will be a new bottom, nobody. I will save my Bitcoin for some higher prices, probably that will be for after the halving.

strong support is at $ 6500, hopefully it won't break, I'm sure Bitcoin will survive in this zone,
$6500-7500 we will see until 2020

[leowonderful]

I could definitely see the lower $6000s happening and maybe $5500 because it seems like we're still stuck in a mostly descending pattern of lower lows and lower highs, though I agree that we've started to find support near the $6500s and there's been two failed attempts to breach that area thus far. Support doesn't hold forever and it's completely possible we just hold around this area and break downwards later, but I also agree that sentiment seems extremely bearish in many places at the moment and the selling might start to relent soon.

[BitHodler]

In 5 years nobody will talk about 10k when we're at 50k. this fall from 7k to 6.5 we had in the recent weeks will not even be just one small candle on the chart. You'll need to zoom in to even notice it.

It highly depends on what we end up doing when we crash after having touched the $50k mark. An 80% crash after a peak within crypto is quite common, so deducting 80% from $50k leaves you with $10k flat.

We need the price at +$100k levels to be somewhat confident in saying that we will not talk about $10k again, and who knows how long it will take for the price to get there. I will definitely cash out most of what I currently own.

[exstasie]

I could definitely see the lower $6000s happening and maybe $5500 because it seems like we're still stuck in a mostly descending pattern of lower lows and lower highs, though I agree that we've started to find support near the $6500s and there's been two failed attempts to breach that area thus far. Support doesn't hold forever and it's completely possible we just hold around this area and break downwards later, but I also agree that sentiment seems extremely bearish in many places at the moment and the selling might start to relent soon.

The short term is still somewhat murky. It's possible we've already carved out the bottom though.

The weekly candle is about to close as a hammer, which is a bullish reversal candle. The daily is printing a $300+ mark-up into the close and retesting the range highs, suggesting an upwards break may be imminent. The 4-hour has already triggered an upside BB squeeze. So all the higher time frames are looking bullish at this moment.

We just need some follow-through.....

[Maslate]

Looks like it aint gonna happen this year anymore, BTC is going up in the last 2 weeks of the year and that's a good sign for a great start next year.
Market is volatile but glad the support is good, as of today, bitcoin had 4.57% per https://coinmarketcap.com/...  so it's not likely to go down anymore.

remember, halving next year, so maybe more hype waiting.

[CyberKuro]

Seems the prediction was wrong since the last drop of bitcoin still holds its position above $6400 then quickly rebound to $7000 levels. The weather on crypto-space has changed recently, we're heading towards a higher point, to reach $8000 sooner or later. Judge by the market condition, the price may fluctuate a bit before breakout the resistance level of $7800.

[barabarian1]

looking at the development of the current price of bitcoin I think bitcoin will not fall at $ 5500. because the low point of yesterday's bitcoin price was $ 6400 and then bitcoin went back up to $ 7200 and is currently back up to $ 7600. I think that until this year, Bitcoin will be in the range of $ 7,000 or $ 8,000. hopefully in 2020 bitcoin will start pumping and enter the bull market.

[altcointalk14]

We have already seen price of $5500 this year for bitcoin and it may go down to $5000 again. From latest pumping of bitcoin, chances are that bitcoin may not go to $5000 but to $9000. I am ready for both, down for buying and up for selling. Lets see what comes first