Will Bitcoin reach $ 3884 again?

[Oasisman]

I am from India and even though the number of covid-19 positive cases are not in extreme range but what it feels like here that the lockdown period is definitely going to extend till the start of the month of June and till then economy will remain on halt, but also we should consider the fact that the bitcoin block reward halving is also going to happen and that can contribute to the rise in the price of bitcoins, so I also don't believe that a bearish cycle can start now.

Well, Bitcoin is showing strong signs of upward movement from the past few days. And the time I am writing this, Bitcoin is at $7,000 level. So, I guess the block halving hype is taking effect now. Though the crypto space has been affected by the current health and economic crisis, but, It doesn't seem that people didn't let the situation hold them off from investing into a possible rise opportunity of cryptocurrency to rise again before or after the block halving.

[Republikcoin.com]

I think now it's proven that bitcoin prices are getting further away from the $ 3k level. in fact, I think that in the near future the price of bitcoin will reach $ 7.5k and go back up to $ 8k. for now, it seems like people will continue to hold their assets. halving will probably drive up prices that exceed the price of $ 10k, so it would be very profitable if we have bitcoin when the price is still $ 6k or $ 7k

[Botnake]

I think now it's proven that bitcoin prices are getting further away from the $ 3k level. in fact, I think that in the near future the price of bitcoin will reach $ 7.5k and go back up to $ 8k. for now, it seems like people will continue to hold their assets. halving will probably drive up prices that exceed the price of $ 10k, so it would be very profitable if we have bitcoin when the price is still $ 6k or $ 7k

It's still too early but I like how people got back on the hype now, bitcoin pump and altcoins are also in green right now.
This would continue, that's good for the market and this would prove that we don't rely or correlated to stocks as they fall down but crypto is gaining.

[gentlemand]

It's still too early but I like how people got back on the hype now, bitcoin pump and altcoins are also in green right now.
This would continue, that's good for the market and this would prove that we don't rely or correlated to stocks as they fall down but crypto is gaining.

It's been following stocks and other markets slavishly recently. People keep saying it has diverged and it's non correlated and then it does exactly what everything else has been doing. And why should it not? It's sentiment and sentiment is not magically erased or reversed just because it's a separate market.

[Japinat]

Can't agree with that, if crypto is with them, so crypto should drop easily because we are connected with the stocks.

I guess what is happening right now will explain that crypto are not correlated with stocks, we have some good uptrend today, and that's the beauty of crypto as it rises even when there is a global crisis.

Cryptocurrency is not predictable. Until yesterday, no one knew whether it would grow in the current conditions or fall below the levels of 5000.
However, we still see growth as opposed to what is happening in the world. At the same time, in the past we have seen more than once a fall amid global growth.

If we investigate the past movement of bitcoin we can tell that its hard to predict, that's why a lot of people lose in crypto because they easily believe on FUD and on the HYPE, we should be realistic and DYOR before investing as only the smart investors here really survive.

Also, it's too early to celebrate, the price of bitcoin now is just a bounce back price, nothing special it has achieve so far, let's just hope it will continue.

[Kelvinid]

We've got to go far and we are close enough to surpass $8k. A sudden increase shows that we are not really affected by the stock market and it may be those panic sellers have done selling their Bitcoin already. We are a way back high again, the confidence might not be strong but it gives some encouragement to the people who are patiently waiting for the market to bounce back. It is really a big regret those people who sell their Bitcoin and might open up their minds.

[michellee]

We've got to go far and we are close enough to surpass $8k. A sudden increase shows that we are not really affected by the stock market and it may be those panic sellers have done selling their Bitcoin already. We are a way back high again, the confidence might not be strong but it gives some encouragement to the people who are patiently waiting for the market to bounce back. It is really a big regret those people who sell their Bitcoin and might open up their minds.

I think we are still far from $8,000 because the price now does not increase fast. I think the price is slowly to improve, but if the situations change, maybe that can make the price can move quickly and break every high price. The bitcoin price now seems to need more supports to increase to the higher price, but fortunately, the price can stable for a while at a price now. With the price currently at a level $7,300, I think soon we will break $7,400 in this week.

[Dr.Osh]

A drop can take place and it will be as sharp as it was last time, so not significantly it will be $3884 but can also be $2500 or less. That sharp drop will just be a shooting star for many traders to catch an opportunity and react immediately as it won't last even a few minutes. The moment it sees a new low 'where I mean newer than this $3884', the next candle will be so big that you will regret for not being online to watch and trade on it.

actually the prediction is potentially when the price of bitcoin goes back down. Well, I didn't expect that, but the worst possibility is when the price drops again, then the price of bitcoin can reach that range. so far, the price of bitcoin is still growing, and I hope, if there is a decline, then the decline is not so far from the current price.

[Janation]

I think now it's proven that bitcoin prices are getting further away from the $ 3k level. in fact, I think that in the near future the price of bitcoin will reach $ 7.5k and go back up to $ 8k. for now, it seems like people will continue to hold their assets. halving will probably drive up prices that exceed the price of $ 10k, so it would be very profitable if we have bitcoin when the price is still $ 6k or $ 7k

I think it is a bit early for this to say.

I know that the pandemic is not directly affecting the price of cryptocurrencies but still, with those people holding Bitcoin and might suffering in their houses could sell their Bitcoins and other cryptocurrencies to be used. We don't know what might happen so I think we should better be alert on the price chart. As halving closes, the price is getting better, it might be a good sign.

[Oasisman]

I think now it's proven that bitcoin prices are getting further away from the $ 3k level. in fact, I think that in the near future the price of bitcoin will reach $ 7.5k and go back up to $ 8k. for now, it seems like people will continue to hold their assets. halving will probably drive up prices that exceed the price of $ 10k, so it would be very profitable if we have bitcoin when the price is still $ 6k or $ 7k

I think it is a bit early for this to say.

I know that the pandemic is not directly affecting the price of cryptocurrencies but still, with those people holding Bitcoin and might suffering in their houses could sell their Bitcoins and other cryptocurrencies to be used. We don't know what might happen so I think we should better be alert on the price chart. As halving closes, the price is getting better, it might be a good sign.

I have to agree that It is too early for that to say, though Bitcoin is slowly recovering, but one big manipulation could send Bitcoin to $3,000 level again, and yes It is quite possible. It's not just the pandemic that we're worrying about, but also the whales who are constantly manipulating when they found an opportunity.
Again, Bitcoin might be holding on to this level with slight recoveries and small swings is because of the block halving.

[Natalim]

I think now it's proven that bitcoin prices are getting further away from the $ 3k level. in fact, I think that in the near future the price of bitcoin will reach $ 7.5k and go back up to $ 8k. for now, it seems like people will continue to hold their assets. halving will probably drive up prices that exceed the price of $ 10k, so it would be very profitable if we have bitcoin when the price is still $ 6k or $ 7k

I think it is a bit early for this to say.

I know that the pandemic is not directly affecting the price of cryptocurrencies but still, with those people holding Bitcoin and might suffering in their houses could sell their Bitcoins and other cryptocurrencies to be used. We don't know what might happen so I think we should better be alert on the price chart. As halving closes, the price is getting better, it might be a good sign.

I have to agree that It is too early for that to say, though Bitcoin is slowly recovering, but one big manipulation could send Bitcoin to $3,000 level again, and yes It is quite possible. It's not just the pandemic that we're worrying about, but also the whales who are constantly manipulating when they found an opportunity.
Again, Bitcoin might be holding on to this level with slight recoveries and small swings is because of the block halving.

It could happen because int he first place the market can be manipulated but as an investor, it's just right to be optimistic because our purpose here is to be profitable, at the same time, we also need to insure that are ready enough to accept in case the result is not based on our expectation.

it's also true the market is volatile, but it's been volatile ever since, we should get use to it and understand how the market move so we can make more good guesses than our wrong guesses.

[barbara44]

I doubt it would be that low ever again honestly, but to be fair I wasn't even expecting the fall we had during early days of pandemic neither so what I say doesn't really hold too much power.

However we should realize that the only time in the past 2 years when price went under 4k, it took only 24 hours to recover from that level and go higher to 5k+ levels, and right now it is over 7k+ as well, so we can say that bitcoin price COULD drop but that doesn't mean it will stay low, it will just reach there for a while but people will not allow bitcoin to be at that price since everyone would love to buy cheap bitcoin, it was like on discount and people of course attacked it and bought more than any other time in recent memory to save up and sell later when it doubles.