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[Oilacris]

I doubt that 7k levels are even possible anymore in either this quick of a time or without anything huge happening, I mean at this point I doubt that anything major would happen at anytime soon, which means that in order for the price to go down we need to just wait. Either it will go up or down but for the next month or so I do not think that 7k would be reached.

So long story short price could definitely go down but not to 7k prices anymore if you ask me, it would probably reach to 9k levels at the very best cases (well worst for long ers and not shorters) so if you are waiting for a down, I would say that at around 9k you should be buying, at least if not going all in (which is not advised) go half in from that price, that way you would be profiting when it goes above 10k.

Then how you do consider on what happened when we dip down in 3k way before? Theres no major news or some sort that drive out the market that low this is why im not really that much confident if we do

talk about future low prices because market can go down on numbers that we do least expected.7k isnt too far off to go down and on the current price as of today then its heading go down to 11k price and

might even continue.In a healthy market there would be always a price correction because we cant just see that it would have that continuous growth of its price.

[TravelMug]

there is no news which makes the price go up or down, the price going up is the news

Or it's just bitcoin becomes the hedge in this pandemic that's why the prices keeps increasing even though there's just a few minor news, like the Grayscale and some other companies like MicroStrategy also getting into bitcoin. And there's this movement from altcoins as well, Defi, IEO that somewhat brings crypto closer to average joe.

And I would agree that in order to move forward, we should get into this healthy corrections, like what we seen bring it down to $11,300-11,400.

[Ayiranorea]

there is no news which makes the price go up or down, the price going up is the news

Or it's just bitcoin becomes the hedge in this pandemic that's why the prices keeps increasing even though there's just a few minor news, like the Grayscale and some other companies like MicroStrategy also getting into bitcoin. And there's this movement from altcoins as well, Defi, IEO that somewhat brings crypto closer to average joe.

And I would agree that in order to move forward, we should get into this healthy corrections, like what we seen bring it down to $11,300-11,400.

Bitcoin has got termed to be the hedge in the pandemic due to its speculative factor. As expected there isn't much of speculation, but the real growth is experienced good during the pandemic. As the entire stocks and shares keep falling the price of bitcoin showing an increase is termed a manipulated one by people who are against cryptocurrency.

What we see in the market right now isn't a price correction, it is the gradual price movement. If this was a correction we could've experienced a pullback at $11500.

[Free1bitco.in]

there is no news which makes the price go up or down, the price going up is the news

Or it's just bitcoin becomes the hedge in this pandemic that's why the prices keeps increasing even though there's just a few minor news, like the Grayscale and some other companies like MicroStrategy also getting into bitcoin. And there's this movement from altcoins as well, Defi, IEO that somewhat brings crypto closer to average joe.

And I would agree that in order to move forward, we should get into this healthy corrections, like what we seen bring it down to $11,300-11,400.

Currently, the price is actually in the $ 11400 range. it's just that, I don't think the possible reduction in price will be as sharp as speculated. I'm pretty sure that the worst price drop is just ending up at rage of $ 10k, it's just that it's still quite unlikely. I quite believe that development after this is an increase in prices. currently, quite a lot of altcoins are developing.

[arwin100]

there is no news which makes the price go up or down, the price going up is the news

Or it's just bitcoin becomes the hedge in this pandemic that's why the prices keeps increasing even though there's just a few minor news, like the Grayscale and some other companies like MicroStrategy also getting into bitcoin. And there's this movement from altcoins as well, Defi, IEO that somewhat brings crypto closer to average joe.

And I would agree that in order to move forward, we should get into this healthy corrections, like what we seen bring it down to $11,300-11,400.

Currently, the price is actually in the $ 11400 range. it's just that, I don't think the possible reduction in price will be as sharp as speculated. I'm pretty sure that the worst price drop is just ending up at rage of $ 10k, it's just that it's still quite unlikely. I quite believe that development after this is an increase in prices. currently, quite a lot of altcoins are developing.

To much speculation has been dropped that's why people came to the point on giving this though's and I can't blame them to think this way since there are so many bad dumpashappen before. But since there are so many good things happening right now and price remain to the current level maybe we cannot see those sharp dumps and we will provably see a price pump back.

[cryptomaniac_xxx]

there is no news which makes the price go up or down, the price going up is the news

Or it's just bitcoin becomes the hedge in this pandemic that's why the prices keeps increasing even though there's just a few minor news, like the Grayscale and some other companies like MicroStrategy also getting into bitcoin. And there's this movement from altcoins as well, Defi, IEO that somewhat brings crypto closer to average joe.

And I would agree that in order to move forward, we should get into this healthy corrections, like what we seen bring it down to $11,300-11,400.

Currently, the price is actually in the $ 11400 range. it's just that, I don't think the possible reduction in price will be as sharp as speculated. I'm pretty sure that the worst price drop is just ending up at rage of $ 10k, it's just that it's still quite unlikely. I quite believe that development after this is an increase in prices. currently, quite a lot of altcoins are developing.

No price is safe though, it is still possible for the price to drop at $9'ish or push it to above $12k in the coming months. There's no news, but what if someone created another FUD and pull the price back? Just thing of that scenario.

As for the higher highs, we will see, $12k seems to be not sustainable at least for now.

[Ridwan Fauzi]

there is no news which makes the price go up or down, the price going up is the news

Fundamental factor gives a lot of thing for the movement price of bitcoin, the trader will see the fundamental first and looking the analyst before they set the entry position between long and short.

Because the fundamental will give a big affect for the sentiment market, like what has been happened right now the price of gold is currently fall from its all time high and this has given the same effect for bitcoin's price movement.

As we can see now bitcoin's price has been decreasing for several percent. But it may a retracement only, we are still in the strong uptrend as long as the price doesn't touch $10.500 because there is sign if bitcoin's price touch $10.500 there will be an indicate the bear market is coming.

[akram143]

there is no news which makes the price go up or down, the price going up is the news

Or it's just bitcoin becomes the hedge in this pandemic that's why the prices keeps increasing even though there's just a few minor news, like the Grayscale and some other companies like MicroStrategy also getting into bitcoin. And there's this movement from altcoins as well, Defi, IEO that somewhat brings crypto closer to average joe.

And I would agree that in order to move forward, we should get into this healthy corrections, like what we seen bring it down to $11,300-11,400.

Currently, the price is actually in the $ 11400 range. it's just that, I don't think the possible reduction in price will be as sharp as speculated. I'm pretty sure that the worst price drop is just ending up at rage of $ 10k, it's just that it's still quite unlikely. I quite believe that development after this is an increase in prices. currently, quite a lot of altcoins are developing.

No price is safe though, it is still possible for the price to drop at $9'ish or push it to above $12k in the coming months. There's no news, but what if someone created another FUD and pull the price back? Just thing of that scenario.

As for the higher highs, we will see, $12k seems to be not sustainable at least for now.

Prices are moving in 11K region and it looks like another accumulation period for the investors which is just before the real bull trend of bitcoin market. I am expecting the prices to go further more in the coming months because once corona gets cleared people will be looking for assets who cashed out earlier this year.

[el kaka22]

This was semi-correct. We did see a sharp increase, and we did see a decrease. I mean it wasn't as high as imagined or it wasn't as low as imagined but it was still high enough and it still did dropped. I think from now on bitcoin doesn't look all that well and strong, people did invested into bitcoin when things were bad because they believed it was a great way to get away from the bad economy and they did invested, however looking at stock market for example (most common investment I think) there were things that recovered almost as well as bitcoin as well, some even better.

So, I believe people are moving back to their old investments like stocks and gold etc because they believe it could be basically a great way to make even higher amount of profits when the economy recovers completely.

[TravelMug]

So, I believe people are moving back to their old investments like stocks and gold etc because they believe it could be basically a great way to make even higher amount of profits when the economy recovers completely.

One possible scenario, or traders pull out some funds to shift to altcoin market, or to pump some shit coin to make a quick buck. I'm looking at the traditional markets and almost all of them are red as well, could be some correlation with bitcoin though. I'm not seeing any commodity rise as well, only Gold, Silver just 1%. So where did all the money goes?

We will see, maybe crypto traders just liquidating some and definitely will invest again in this price correction. So $12k again will be the next target.

[milewilda]

So, I believe people are moving back to their old investments like stocks and gold etc because they believe it could be basically a great way to make even higher amount of profits when the economy recovers completely.

One possible scenario, or traders pull out some funds to shift to altcoin market, or to pump some shit coin to make a quick buck. I'm looking at the traditional markets and almost all of them are red as well, could be some correlation with bitcoin though. I'm not seeing any commodity rise as well, only Gold, Silver just 1%. So where did all the money goes?

We will see, maybe crypto traders just liquidating some and definitely will invest again in this price correction. So $12k again will be the next target.

When we do saw where other markets are on red and this market is somewhat green then we can presume out that there might be some funds had flowed into this market but we can make out conclusions but
we do know the possibility.If not the thing we are seeing then that simply means that people are converting out their investments to fiat, for whatever purpose they do have in mind neither they are just waiting
for some opportunity or just simply cashing out just because they are on need specially now on the current crisis situation.For price talks about sharp increase and decrease in price.
Do this particular topic or behavior of price is still surprising? I guess not.

[bitbunnny]

This is not quite true. Yes, we had increase although not that sharp and then decrease but a light one I would say. Now it seems that we have some semi stable situation but that can easily change and to my opinion further corrections are possible although I don't expect to see some big drop. The price might touch 12000$ but to my opinion it will not cross that line so.soon.

[pooya87]

One way or another, the current period of the cryptocurrency market is very different from 2017-2018.

theres a slight different from 2017 because the increase right now is not high enough but it retains  . 2018 was a dump year if i still remember which is differrent from this year because earlier this year we already see a growth and it rested for a while but here it goes again .

you are both thinking about the end of 2017 not the beginning of it. or mainly the end of 2016 and start of 2017.
at the start things were actually pretty similar to these days. price was creeping towards the previous ATH of that time which was a little lower than $1200 and it was struggling to break multiple resistances since many kept cashing out and created sell pressure. we even saw a couple of crashes before the ATH was reached and broken. it took about 5-6 months to stabilize above that ATH (ie $1200) and never come below it again.

[Bezobraznike]

This is not quite true. Yes, we had increase although not that sharp and then decrease but a light one I would say. Now it seems that we have some semi stable situation but that can easily change and to my opinion further corrections are possible although I don't expect to see some big drop. The price might touch 12000$ but to my opinion it will not cross that line so.soon.

   Bitbunnny you are right when you say that situation can easily change. It's something we need to be ready for in crypto-currencies.
You are here longer than me, and you see more changes than I did, and I seen a lot of them. The prices are going up and down, coins
replace each other.
   One big change from these days is Link price surging and overtaking Bitcoin cash as the 5th largest crypto-currency by market cap.

[LogitechMouse]

there is no news which makes the price go up or down, the price going up is the news

Or it's just bitcoin becomes the hedge in this pandemic that's why the prices keeps increasing even though there's just a few minor news, like the Grayscale and some other companies like MicroStrategy also getting into bitcoin. And there's this movement from altcoins as well, Defi, IEO that somewhat brings crypto closer to average joe.

And I would agree that in order to move forward, we should get into this healthy corrections, like what we seen bring it down to $11,300-11,400.

I'll go with this and I agree with it.

Central banks are printing money as they want too already causing their currency to go down. Investors want to hedge their money that is why they are investing some of it into Bitcoin hence the price of Bitcoin increased this past few days. Not sure though if this is what the investors are doing. They are using Bitcoin for hedging.

[philipma1957]

We will likely see the sunrise then later on see the sunset.  

To be more serious try this analogy.

Woodrow Wilson president from 1913 to 1921 accused to be a racist. I am not saying he was one, but he was accused of it.
Donald Trump    president from 2017 to 202? accused to be a racist. I am not saying he was one , but he is accused of it.

1918-1919 Spanish flu world wide pandemic
2019-2020 Covid-19 world wide pandemic

1920 to 1929 the roaring 20's
1929 super stock crash
1929 to 1939 world wide depression


2021 to ? roaring 20's. --- so once covid ends we whale we now see  btc and gold are leading indications of a boom
2025-2029 super stock crash -  what goes up must come down
2029 to ? world wide depression



A lot of parallels going on.

And one needs to remember

The famous George Santayana quote:

“Those who forget the past are condemned to repeat it".

[CryptopreneurBrainboss]

One way or another, the current period of the cryptocurrency market is very different from 2017-2018. No matter what news comes, the market will react differently anyway. A certain stability of prices to date, speaks only of strong support from large investors, therefore we can expect better results even before the end of this year.

I think the market doesn't react as we all expected. If it did we should be trading around the $15k price value by now. No negative news just positive vibes yet no much improvement (to my expectations) and when the negative ones do occurs it give more exposure to bitcoin instead of damaging the images like the twitter hack. We saw more of price appreciate instead of depreciation as most were anticipating. The market is getting more matured, careless of news this days.

The price stability just goes to show how much of a support the market is getting lately. I think more and more enthusiast are getting the big picture of investing for the future by holding instead of constantly putting their funds at risk by trying to outsmart the market.

[tabas]

If bitcoin pops to $10700 as swaystars prediction, I'll just follow his move and will get some profits at that level. And if it plummets to $9000, I'll push and use those profits.
It's going to be another roller coaster for sure.

Just after two months, we get to see bitcoin $11,000 and then goes $12,00 then with a little correction back to $11,000. We're on the right path but just as I've said a few months ago.
I took some profits just to have some cash on hand but it doesn't mean I'll be giving up holding bitcoin. The favor is within us.

[BrewMaster]

One way or another, the current period of the cryptocurrency market is very different from 2017-2018. No matter what news comes, the market will react differently anyway. A certain stability of prices to date, speaks only of strong support from large investors, therefore we can expect better results even before the end of this year.

I think the market doesn't react as we all expected. If it did we should be trading around the $15k price value by now. No negative news just positive vibes yet no much improvement (to my expectations) and when the negative ones do occurs it give more exposure to bitcoin instead of damaging the images like the twitter hack. We saw more of price appreciate instead of depreciation as most were anticipating. The market is getting more matured, careless of news this days.

The price stability just goes to show how much of a support the market is getting lately. I think more and more enthusiast are getting the big picture of investing for the future by holding instead of constantly putting their funds at risk by trying to outsmart the market.

maybe the expectations were wrong. even before the rise or during the hype i never thought $15k is the next target. i said in multiple occasions that $13k can be reached right after $10k is broken and we reached $12100 which is still close.
then it is obvious that market will correct and then rest a little before rising back up again.

i say bitcoin is rising with the realistic expectation so far.

[RealMalatesta]

Well, OP said "sharp increase than decrease in price", he didn't say "sharp increase then sharp decrease". And we can all agree that we had a sharp increase, and then a "decrease" not a sharp but still a decrease, so I think what OP was trying to say was a decease, not a sharp one, just any decrease at all, which we did had as well.

So, I would say it is correct. Now it may not be a big correct huge true thing, but it was close enough that I would give it passing points if it was a test. After all we have seen people who claim bitcoin would have been a million dollars right now, that is why I think it is important to realize who is close enough and who is crazy, this one wasn't one of the crazy ones, this was close enough that I can accept it as correct.