BTC next Movement.........

[jostorres]

That's the thing about the current situation, its volatile but also we were volatile in regular life as well. Normally we have a stable regular life, where we wake up, go to work, come home and do that over and over again for 30 years without disruption, however we had one of the weirdest years ever, every year we say this year is bad and I think we have peaked, there needs to be some sort of world war three in order to be worse than this and I doubt that would happen in 2021 (well not even sure about it anymore).

So, this year we were volatile as well just like bitcoin and I am sure that reflected on bitcoin as well but that was volatile all the time anyway. When both the investors life and investment gets volatile, you have no idea what they could do, maybe they will take advantage of the prices, maybe they need to cash out, who knows whats going on?

[Kelvinid]

I believe the price will dump but I'm not thinking it drop more below $9k. The price shows stabilization in almost a month or two. Yes, we have that surge surpassing $10k at a very short time and it goes back to $9k-$9.8k range and probably the market will remain to that range for the next couple of weeks.
I'm still positive to see Bitcoin will break that $10k wall sooner and lead to a bullish market. Patience would still remain as the adoption and number of users keep moving high.

[Jating]

I believe the price will dump but I'm not thinking it drop more below $9k. The price shows stabilization in almost a month or two. Yes, we have that surge surpassing $10k at a very short time and it goes back to $9k-$9.8k range and probably the market will remain to that range for the next couple of weeks.
I'm still positive to see Bitcoin will break that $10k wall sooner and lead to a bullish market. Patience would still remain as the adoption and number of users keep moving high.

Occasional dumps though are good, and we need to see this kind of movement, healthy correction (dump) and then buy the dip (pump). At least traders all over the world as very active and we won't see those manipulations and try to push the price to fit their agenda behind.

So we will see some sideways patterns, but I don't see it going down below $9k for now. As traders or bulls and bears are constantly fighting each other to keep the price somewhat stable, which is a good sign. Although volume as of late are really down, but perhaps investors are just simply shifting their capital around.

[reliable]

It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.

[shoreno]

It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.

reduced volatility is a nice thing to me but dont know to others because i feel some likes btc to be verry volatile especially if they are unpatient and will like to do short term trade instead  .

 it could be that reduced volatility is a kind of sign that there is something good will happen to btc  ?  maybe btc wont fall beyond this point and this will now be used as a starting point from whatever btc wants to achieve   . the only bad thing about less volatility is that  it can take a while for the price to increase   .

[rodskee]

It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$.

Possibly happening as there's investors who are satisfied with the profits and now cashing out their earnings.

This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well.

If you are looking for longer term holding then the timing will be very suitable purchasing more assets.

One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.

A good sign that there are supporters who still working to keep the barrier, not allowing the huge dumped
to happened.


Traders have different perceptions regarding to how they will anticipate the next market trends, both short term and
long term holders have their own entry and exit points.

[arwin100]

It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.

reduced volatility is a nice thing to me but dont know to others because i feel some likes btc to be verry volatile especially if they are unpatient and will like to do short term trade instead  .

 it could be that reduced volatility is a kind of sign that there is something good will happen to btc  ?  maybe btc wont fall beyond this point and this will now be used as a starting point from whatever btc wants to achieve   . the only bad thing about less volatility is that  it can take a while for the price to increase   .

Not good for traders if you reduced the volatility since how could the traders earn if we will get a single movement? Waiting for long is so boring and many people loss from that matter. Compare to have good volatility where people can regain quickly what they lose if they react correctly on the trend at that day. There are pros and cons about everything but let see what future brings.

[Natalim]

It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.

reduced volatility is a nice thing to me but dont know to others because i feel some likes btc to be verry volatile especially if they are unpatient and will like to do short term trade instead  .

 it could be that reduced volatility is a kind of sign that there is something good will happen to btc  ?  maybe btc wont fall beyond this point and this will now be used as a starting point from whatever btc wants to achieve   . the only bad thing about less volatility is that  it can take a while for the price to increase   .

Not good for traders if you reduced the volatility since how could the traders earn if we will get a single movement? Waiting for long is so boring and many people loss from that matter. Compare to have good volatility where people can regain quickly what they lose if they react correctly on the trend at that day. There are pros and cons about everything but let see what future brings.

Don't worry it won't be stable anytime soon, volatility will remain as majority of the volume is coming from the short term traders, so they dictate the market, the only way the market will be stable is if there will be a massive adoption which I believe will take time to achieve.

[hulla]

It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$.

Possibly happening as there's investors who are satisfied with the profits and now cashing out their earnings.

Thats correct and expect the market to go back to uptrend when it Sunday evening  but the whales are the major players that determine the trend of the market and this is the season when experienced traders make slightly profit.

This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well.

If you are looking for longer term holding then the timing will be very suitable purchasing more assets.

This is current market it good for long term investors but the traders/investors that will make the highest profit are the short term. @reliable, the price downtrend below $9K will even make the profit worth it.

[ethereumhunter]

Don't worry it won't be stable anytime soon, volatility will remain as majority of the volume is coming from the short term traders, so they dictate the market, the only way the market will be stable is if there will be a massive adoption which I believe will take time to achieve.

No problem if the price still volatile because that can give us the opportunity to buy low and sell high, so we can back to make a profit which is difficult to do in the last year. We will see that happens many times this year, so we need to analyze more to find the time to trade, and if it is necessary, we can use the stop loss if we guess that the price will go down for more.

But the massive adoption will not make the market stable because we will see many people start to buy, and I guess that they will be willing to buy bitcoin at any price, which can make the price increase and decrease anytime.

[Ridwan Fauzi]

I believe the price will dump but I'm not thinking it drop more below $9k. The price shows stabilization in almost a month or two. Yes, we have that surge surpassing $10k at a very short time and it goes back to $9k-$9.8k range and probably the market will remain to that range for the next couple of weeks.
I'm still positive to see Bitcoin will break that $10k wall sooner and lead to a bullish market. Patience would still remain as the adoption and number of users keep moving high.

But you have to think since coronavirus came bitcoin price (or crypto currency price as a whole) and stock market have the similarity. Take a look in March this year, the stock market fell due to sell of that has done by the most investor and it happened to bitcoin as well. And currently, we got the similarity information like in March and it will make the stock market fall and we can see it now.

So, I guess the scenario for bitcoin price movement will same with the OP prediction. We could fall to 6k again if we use some technical analyst, but there is good information that I read today. The news/prediction tell, although bitcoin price fall to 6k bitcoin will remain bullish, it is just a retracement that can make its price back to 10k again, you can see here https://cointelegraph.com/news/bitcoin-dropping-to-6k-golden-pocket-isnt-bearish-says-trader

[Febo]

Hopefully by late 2020 we will see another drastic increase. Last time this happened the increase was around December remember? Because most of the time people spend a lot of money during summer and this summer it will probably be even more because nobody went outside for a long time and even though the virus is still out there it was already very difficult to keep people inside for 3 months (both economically and emotionally) and that means everyone will be able to go outside after 3 months and I am sure they will spend a significant amount of money.

Yes after last halving we had price dropped 30% and then at end of the year reached old ATH of $1200.  We cant be sure 2016 December will repeat. Year 2016 was way different from 2020. Worlds economy was in huge expansion right now we are at the brink of huge recession. I would be very careful at any predictions. 2021 year will be way better for that when we will at least know how covid-19 situation will roll.  

[Taskford]

Hopefully by late 2020 we will see another drastic increase. Last time this happened the increase was around December remember? Because most of the time people spend a lot of money during summer and this summer it will probably be even more because nobody went outside for a long time and even though the virus is still out there it was already very difficult to keep people inside for 3 months (both economically and emotionally) and that means everyone will be able to go outside after 3 months and I am sure they will spend a significant amount of money.

Yes after last halving we had price dropped 30% and then at end of the year reached old ATH of $1200.  We cant be sure 2016 December will repeat. Year 2016 was way different from 2020. Worlds economy was in huge expansion right now we are at the brink of huge recession. I would be very careful at any predictions. 2021 year will be way better for that when we will at least know how covid-19 situation will roll.  

We cannot really compare the past halving with this current one since globally we are been hit by a big crisis and we don't know yet on when this unfortunate incident will end up since there's no clear answer on when the expert can create a real effective vaccine to stop this virus. For sure many of us keep an eye on the latest updates regarding on whats happening in the world and the least we can help is to obey the government order to us so that they can easily control the spread and maybe by that we can help to make the economy recovers and for sure by this the bitcoin will get a benefit also from economic reviving.

[bitgolden]

It is such a weird period for bitcoin. I have been involved with bitcoin for years and I have to say I do not remember the last time when it was this weird and it was this stable. Look at the price, it goes to $9.6k at the very highest which it hasn't in a while and drops to $9.1k at the lowest and moves between that very slowly. I do not see bitcoin doing anything exceptional, it looks like bitcoin will be simply just looking to stay stagnant until something happens in real life.

I am still saying that the price will peak to $12k levels (just under $12k like $11.8k) once again before it goes down to $7k levels slowly, but that looks like going to take a bit more time and the longer we wait the more affects of halving we will start to say so I might be wrong in the end when it goes up it could continue to go up.

[dunfida]

It is such a weird period for bitcoin. I have been involved with bitcoin for years and I have to say I do not remember the last time when it was this weird and it was this stable. Look at the price, it goes to $9.6k at the very highest which it hasn't in a while and drops to $9.1k at the lowest and moves between that very slowly. I do not see bitcoin doing anything exceptional, it looks like bitcoin will be simply just looking to stay stagnant until something happens in real life.

I am still saying that the price will peak to $12k levels (just under $12k like $11.8k) once again before it goes down to $7k levels slowly, but that looks like going to take a bit more time and the longer we wait the more affects of halving we will start to say so I might be wrong in the end when it goes up it could continue to go up.

Nah, this isnt something new to bitcoin and we have seen this kind of situation for how many times on where it do move sideways with less
volatility in a specific period of time but it doesnt mean that it would really just stay there forever.This is the hardest part on making any
decision because you wouldnt even know on where it was heading.If you do base up on TA's then you would really have two possibilities
and waiting up for some time would really trigger out that emotional aspect and will surely test out your patience.

[KTChampions]

It is such a weird period for bitcoin. I have been involved with bitcoin for years and I have to say I do not remember the last time when it was this weird and it was this stable. Look at the price, it goes to $9.6k at the very highest which it hasn't in a while and drops to $9.1k at the lowest and moves between that very slowly. I do not see bitcoin doing anything exceptional, it looks like bitcoin will be simply just looking to stay stagnant until something happens in real life.

I am still saying that the price will peak to $12k levels (just under $12k like $11.8k) once again before it goes down to $7k levels slowly, but that looks like going to take a bit more time and the longer we wait the more affects of halving we will start to say so I might be wrong in the end when it goes up it could continue to go up.

This is an obvious idea (highlighted in bold) - in order for the price to rise, bitcoin must develop. In recent years, bitcoin has been actively developing as a tool for speculation, but otherwise it retains the status of a technically obsolete cryptocurrency. For the next breakthrough, technical changes are necessary in bitcoin itself, as we see the network over bitcoin (Lightning) did not live up to expectations.

[smyslov]

I believe the price will dump but I'm not thinking it drop more below $9k. The price shows stabilization in almost a month or two. Yes, we have that surge surpassing $10k at a very short time and it goes back to $9k-$9.8k range and probably the market will remain to that range for the next couple of weeks.
I'm still positive to see Bitcoin will break that $10k wall sooner and lead to a bullish market. Patience would still remain as the adoption and number of users keep moving high.

I also thought that Bitcoin will drop in the $8 k level last week because there are indication that it might happen, I'm glad that it is stable in the $92 k level we have been waiting for the price to push in the $10 k level it's been quite some time since it reaches in that level we are over a month after the halving I have high hope July is the month where it will land in the $10 k level.

[OrangeII]

It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.

or the movement will repeat. after rising to $ 9400, the price drops to $ 9,000 and then goes back up to $ 9400. Well, it's very difficult to guess the current price of bitcoin, however, I believe that the price increase will occur, and most likely it will be in the upcoming July.

[Janation]

It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.

or the movement will repeat. after rising to $ 9400, the price drops to $ 9,000 and then goes back up to $ 9400. Well, it's very difficult to guess the current price of bitcoin, however, I believe that the price increase will occur, and most likely it will be in the upcoming July.

I think this might continue until next month.

I've been doubting that it will dump but I am also doubting that it will pump either. It will hit under $9k and then suddenly it will just be $9.2k-$9.3k or $9.4k. It might hit above $10K but I think it will never last since even at this price, there are some that are selling their price that is why it the price is moving under $9k but it just returns back.

[ethereumhunter]

It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.

or the movement will repeat. after rising to $ 9400, the price drops to $ 9,000 and then goes back up to $ 9400. Well, it's very difficult to guess the current price of bitcoin, however, I believe that the price increase will occur, and most likely it will be in the upcoming July.

We hope that the price increase will happen in July, but unfortunately, we still don't know the truth about that. We need to keep trying to make any profit from now on, and we should try to have more and more bitcoin, so when the time for the bitcoin price increase comes, we can sell it at the highest price. If that can happen, we can make a lot of money from selling the bitcoin, and we might recover our losses before.