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Author Topic: Do you think that the price of bitcoin can come down to below?  (Read 420 times)
verita1
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May 09, 2020, 09:36:55 PM
 #41

Guys, this is my most sincere thought. We must not panic. If Bitcoin has been able to sustain itself in this more critical time due to the coronavirus, halving could not be a negative response. Bitcoin we are all.
Although there is the possibility of seeing the price down.
What if this thought becomes true?

"May 2018 will be the last time we ever see #bitcoin under $10,000

By Charlie Shrem" (3 may. 2018)

https://twitter.com/CharlieShrem/status/992109375555858433?s=20

I am in the line of the optimists. Smiley

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May 09, 2020, 10:03:19 PM
 #42

I think the price will go down a bit after Halving,
Nothing is certain about the price of bitcoin even though we can analyze it well. There is still a possibility that the price of bitcoin will break the support level after being halving based on the results of your analysis and there is also a possibility that the price may surpass resistance or breakout and continue to gore.

It all depends on market demand and if this halving momentum is only used as a place to look for profit then I think daily traders or seasonal investors will immediately release their assets after halving the events which will impact on the falling prices.
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May 09, 2020, 10:19:04 PM
 #43

I think the price will go down a bit after Halving,
Nothing is certain about the price of bitcoin even though we can analyze it well. There is still a possibility that the price of bitcoin will break the support level after being halving based on the results of your analysis and there is also a possibility that the price may surpass resistance or breakout and continue to gore.

It all depends on market demand and if this halving momentum is only used as a place to look for profit then I think daily traders or seasonal investors will immediately release their assets after halving the events which will impact on the falling prices.

Everything is possible but I hope it will not go below what the OP was saying. I guess we already surpassed that level a long time ago. Let's see what significant events will happen to crypto  to support the increase of bitcoin other than this halving event.
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May 09, 2020, 10:57:17 PM
 #44

Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic
No, i dont think the price of bitcoin market will go down below $3500 despite the current pandemic situation which affected every market setting.

Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market
To be sincere, most experts you mentioned mathematically predicted the price of the bitcoin market through the number of reward miners will get after the upcoming halving and halving was implemented to stop price inflation. This means the experts ignore the importance of halving and focus much on what miners will get as a reward.

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May 10, 2020, 04:29:43 AM
 #45

Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market

I believe the price of bitcoin will never go down below $3000 as thats a bitcoin strong support level. But it's true that because of epidemic, the price of bitcoin will go down below and already lost 13% of it's cost. Can't predict about the stability but probably $7k to $6.5k
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May 10, 2020, 05:00:42 AM
Last edit: June 12, 2023, 03:17:18 AM by STT
 #46

3000 area is near the 200 weekly average which has been a bottom pricing for some time though I've not heard of that average being important normally.   RIght now we're trimming the top of the move with profit taking on a weekend.



The top prices here match a trend since the hard low in March and the blue line is us losing the 2 day average which is a large indicator of immediate buying that was true for quite a while.   Its normal to pull back to say the 9200 area but this is larger then that coming into the 200 day average again.  I had 200 DMA as a price target for end of April which did occur so it could be find that place has most gravity overall medium term.  ie. we're not especially negative even with this sell.

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May 10, 2020, 04:19:26 PM
 #47

I think the price will go down a bit after Halving,
Nothing is certain about the price of bitcoin even though we can analyze it well. There is still a possibility that the price of bitcoin will break the support level after being halving based on the results of your analysis and there is also a possibility that the price may surpass resistance or breakout and continue to gore.

It all depends on market demand and if this halving momentum is only used as a place to look for profit then I think daily traders or seasonal investors will immediately release their assets after halving the events which will impact on the falling prices.

Everything is possible but I hope it will not go below what the OP was saying. I guess we already surpassed that level a long time ago. Let's see what significant events will happen to crypto  to support the increase of bitcoin other than this halving event.

What a great recall!  Wink so far, this is third time it has been rejected 10,000 level. Everything is going according to my prediction; I think the price will go down further after halving. Till now I'm steadfast on 7,000 level. we are going to fall a little bit after halving. I'm going to buy back again at 7700 position. Best of luck guys.  Lips sealed

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May 10, 2020, 04:57:24 PM
 #48

Seems like there is a new twist in the market before BTC Halving, I am not sure how much real is the news about the massive drop but I don't believe it will fall so badly near Halving period.

One thing people need to understand is panic sell which is need to be avoided at any cost because this will surely impact the price, I believe the price will reach at least 11k while Halving just wait patiently.

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May 10, 2020, 05:47:15 PM
 #49

Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market
Never believed what an expert declared about dump in price of the market now.
AFAIK, the market for the bottom price is already achieved and what we're expecting now is the bullish market. However, i also expect the pandemic slow down the halving effect but once the block reward is halved rally market will take over some hours after.

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