Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?

[ethereumhunter]

I did not see volatility now but maybe in the future. Bitcoin has been moving in side way since the halving. I do believe that the uncertainty infect of covid19 has made investors not to have interest on the market.

Bitcoin still in volatility because the price is up and down many times every day. So I think the price still unpredictable, and that makes us feel difficult to analyze. But we can still analyze to get the time to buy bitcoin at a low price and sell it at a high price. Although the price have a volatility, we need to make a friend with the volatility, and we don't have to afraid of that because if we are worried, we can not analyze better and find the time to trade.

[Fredomago]

I did not see volatility now but maybe in the future. Bitcoin has been moving in side way since the halving. I do believe that the uncertainty infect of covid19 has made investors not to have interest on the market.

Bitcoin still in volatility because the price is up and down many times every day. So I think the price still unpredictable, and that makes us feel difficult to analyze. But we can still analyze to get the time to buy bitcoin at a low price and sell it at a high price. Although the price have a volatility, we need to make a friend with the volatility, and we don't have to afraid of that because if we are worried, we can not analyze better and find the time to trade.

Understanding the nature of being volatile, you'll be able to catch up and make a proper assessment to when to buy and to when to sell, the deeper you know the higher the benefits that you can sort from this market, there are many investors who are still playing with volatilities and still gaining good amount of profits from this business.

The key of buying low and selling high depends from how you understand the volatile nature of this business.

[Ozero]

Bitcoin has never lost its high price volatility. A decentralized cryptocurrency will always have it. If the price of bitcoin for a relatively long time as a whole stands still, this is most likely an exception based on the counteraction of several opposite factors.
However, no matter how the price of Bitcoin changes now - in the direction of decline or growth, good price growth expects it during the year due to a decrease in remuneration to miners in May, and if the global economic crisis comes soon, then much earlier.

[Raflesia]

I did not see volatility now but maybe in the future. Bitcoin has been moving in side way since the halving. I do believe that the uncertainty infect of covid19 has made investors not to have interest on the market.

Bitcoin still in volatility because the price is up and down many times every day. So I think the price still unpredictable, and that makes us feel difficult to analyze. But we can still analyze to get the time to buy bitcoin at a low price and sell it at a high price. Although the price have a volatility, we need to make a friend with the volatility, and we don't have to afraid of that because if we are worried, we can not analyze better and find the time to trade.

Understanding the nature of being volatile, you'll be able to catch up and make a proper assessment to when to buy and to when to sell, the deeper you know the higher the benefits that you can sort from this market, there are many investors who are still playing with volatilities and still gaining good amount of profits from this business.

The key of buying low and selling high depends from how you understand the volatile nature of this business.

All can say that but in reality it is difficult for us to do things like that if you look at volatility then it is easy for people to read because they see prices continue to fluctuate so know that volatility is still high for bitcoin, well here we buy as low now and sell high it needs a strong analysis where sometimes we like to miss the estimate and therefore investors will see the situation because it also sometimes influences.

[Bitcoinislife09]

Bitcoin has never lost its high price volatility. A decentralized cryptocurrency will always have it. If the price of bitcoin for a relatively long time as a whole stands still, this is most likely an exception based on the counteraction of several opposite factors.
However, no matter how the price of Bitcoin changes now - in the direction of decline or growth, good price growth expects it during the year due to a decrease in remuneration to miners in May, and if the global economic crisis comes soon, then much earlier.

You have a point. Miners and bitcoin halving definitely affect bitcoin at this rate even the COVID-19 virus affects its market price. The price is sustaining at a market price of 9$-10k$ in the past month still its not a bad movement compared when the market is down to 3k$-4k$ when the COVID-19 occurs I'm guessing it is still recovering because of the effect of bitcoin halving a lot of small miners already stop mining because it is not profitable anymore we could see a lot of hardware or graphics card in the market that is sold that came from mining either way bitcoin is doing a good job and I think it has a chance to go up to 15$ in the coming months or next year.

[bitgolden]

Volatile times are not back just yet but it has been slow so long that I am 100% sure when the volatile times comes back they are going to come back very very strongly and we are going to have a hard time focusing on getting it back to stable times. We are going to just have fun with the volatile times and we are going to just live a crazy period where bitcoin movements are very high up and down and will net us all a lot of profit or loss but we are going to at least have fun.

You can't expect bitcoin to stay this boring for a long time, it is not something that takes this much time staying boring actually but it has and that has to change eventually. Hopefully we are going to see a period where it will not stay within 100 dollars of its price every single hour and constantly change so we could have fun again.

[Oasisman]

The key of buying low and selling high depends from how you understand the volatile nature of this business.

Also depends on the price range of Bitcoin in a year to date or month to date basis, because it would be absurd If you're waiting to buy in at $2,000 - $3,000 while Bitcoin is aiming to make a bull run sooner and are going sideways in a $9,000 region. Im afraid the chances for you to find that specific figure as an entry point might be little to none.
The volatile nature of Bitcoin is really hard to predict, so whenever you see an opportunity to buy, then do it.

[Questat]

Bitcoin has never lost its high price volatility.

I fully agree with that, I thought OP was joking with the question volatile times are back because it was never lost.
Anyway, maybe we have different interpretation on the market movement, but for more I think the market is still highly volatile, and it does not mean that price needs to move on a daily basis.

A decentralized cryptocurrency will always have it. If the price of bitcoin for a relatively long time as a whole stands still, this is most likely an exception based on the counteraction of several opposite factors.
However, no matter how the price of Bitcoin changes now - in the direction of decline or growth, good price growth expects it during the year due to a decrease in remuneration to miners in May, and if the global economic crisis comes soon, then much earlier.

They call it an speculative asset, so it only means that when traders speculate it would also result to a big price movement as majority of the volume of bitcoin are dominated by day traders IMO.

[Kemarit]

Bitcoin has never lost its high price volatility. A decentralized cryptocurrency will always have it. If the price of bitcoin for a relatively long time as a whole stands still, this is most likely an exception based on the counteraction of several opposite factors.

Obviously, Bitcoin will always be volatile, no matter what, whether we are in a bullish/bearish trend. But we have seen some relative price being stable like every year, probably a quarter will be a safe bet. But the rest of the months are going to be unstable and there will be wild price swings.

However, no matter how the price of Bitcoin changes now - in the direction of decline or growth, good price growth expects it during the year due to a decrease in remuneration to miners in May, and if the global economic crisis comes soon, then much earlier.

Hashrate has been variance as well, (https://www.blockchain.com/charts/hash-rate), after the halving, it grows tremendously, and then goes on a flat-line coinciding with the current decline in price. We are already in the middle of a looming recession for all we know. But Bitcoin price is unaffected,  IMHO.

[slapper]

Well, there is a chance that bitcoin can drop below $9000 but it is very hard to go below $8000. Whales are there to collect bitcoin whenever it is at a low price. I believe that $8000 is a great resistance at the moment while $9000 is very easy to break. Therefore, try to buy some bitcoin if it breaks the $9000 resistance. I have a strong feeling that bitcoin will soon go back to $20000 by the end of this year

[ethereumhunter]

Bitcoin still in volatility because the price is up and down many times every day. So I think the price still unpredictable, and that makes us feel difficult to analyze. But we can still analyze to get the time to buy bitcoin at a low price and sell it at a high price. Although the price have a volatility, we need to make a friend with the volatility, and we don't have to afraid of that because if we are worried, we can not analyze better and find the time to trade.

Understanding the nature of being volatile, you'll be able to catch up and make a proper assessment to when to buy and to when to sell, the deeper you know the higher the benefits that you can sort from this market, there are many investors who are still playing with volatilities and still gaining good amount of profits from this business.

The key of buying low and selling high depends from how you understand the volatile nature of this business.

If we can have patient and we understand how to handle the volatility nature of the market, I am sure that we can get the time to trade, and even we can have many chances to make a profit from many coins. The other key will be the patience that we should have to know when we can enter and out from the market, and we can be able to minimize the risk that might happen. It needs practice every day to have patience and ability to understand the pattern of the market, and we need to keep doing to improve our skills.

[Ridwan Fauzi]

Well, there is a chance that bitcoin can drop below $9000 but it is very hard to go below $8000. Whales are there to collect bitcoin whenever it is at a low price. I believe that $8000 is a great resistance at the moment while $9000 is very easy to break. Therefore, try to buy some bitcoin if it breaks the $9000 resistance. I have a strong feeling that bitcoin will soon go back to $20000 by the end of this year

I get used to use fibonnaci retracement to see how far bitcoin price will down. I decided to check in daily time frame and I get $8800 (38.2%) is highly chance to be reached given its price is decreasing and will broke a weekly sopport. Other than that, based on fundamental factor that spread currently I see a lot of negative information that came as you can see in cointelegraph. So, seem like (in my prediction) bitcoin's price will goes below $9000 in the next few days.

[Woodie]

The pull back is real and ever since it went below $9300 it looks like some hodlers having been selling.

But based on the herd mentality I know for certain when we start seeing some green candles once we in the $8*** zone people will buy and once again post a new all time high for July in no time.

[serjent05]

The pull back is real and ever since it went below $9300 it looks like some hodlers having been selling.

Well, there had been news about miners cashing out.  If I am not mistaken someone tweeted that a huge pile of BTC was moved by miners to exchanges to cash out.  This is one of the possible reasons why BTC prices keep on plummeting.  Another one is the shorting of CME in its trade.  It was also predicted that Bitcoin may possibly fall back to sub $8000 if things do not change.  The buy support on some exchanges is getting thinner since it cannot support the sell order.

You can learn more about it here.

[electronicash]

do you its those financial institutions who shorted that made the price drops every time?

looks like they are the ones suppressing the value every time. the worse part is that they can widely release rumors to make people buy while they go long and then they can also spread fud when they wanna short. if it drops to 8500 tomorrow i'm selling my coins as well.

[serjent05]

do you its those financial institutions who shorted that made the price drops every time?

looks like they are the ones suppressing the value every time. the worse part is that they can widely release rumors to make people buy while they go long and then they can also spread fud when they wanna short. if it drops to 8500 tomorrow i'm selling my coins as well.

I think it is a bad decision to sell your BTC.  It is just a temporary drop as stated on the link I given above.  Bitcoin will definitely rally after this drop.  This is one good news since this event will bring the price of BTC up.  I also believe that the Bitcoin market is still in the bullish trend and this price crash is just temporary.

[CoinFoxs]

Anything can happen this is crypto world but i think bitcoin will stable at 9k$ and will grow by the mid of july and will cross 11k$ price milestone but if it will drop to 8k$ then that will be the best time to invest in bitcoin because it will definitely increase in near future.

[imstillthebest]

Anything can happen this is crypto world but i think bitcoin will stable at 9k$ and will grow by the mid of july and will cross 11k$ price milestone but if it will drop to 8k$ then that will be the best time to invest in bitcoin because it will definitely increase in near future.

you mean it will drop first to 8kusd before it increases to 11k usd ? and that drop can happen before july ? oh thats cool  . i just check the date now and i see that we are already ending the month of june  .

time flies fast i didnt knew that we are now close to july , i thought june is only getting started  . time is running low and i still dont have a cash to invest on btc , oh men   . 

[STT]

This is not volatility, this is still restricted or declining range over medium term type look.    I believe we must break the rough yearly average and then we'll see something new, till then its a repeat of what happened in previous weeks and just a rerun retest.



Rough count of the moving averages and 200 day average is still rising and so some positivity, 50 day declines and this yearly one also now reaches a point of decline.    Thats just a heads up that there remains much doubt in the price and I've already decided we are outside a positive trend which puts us into a picture where we need to reset or reestablish the conviction of price action.    Profit taking is perfectly normal and ongoing in almost any market, sometimes it builds into more then that.

[serjent05]

Anything can happen this is crypto world but i think bitcoin will stable at 9k$ and will grow by the mid of july and will cross 11k$ price milestone but if it will drop to 8k$ then that will be the best time to invest in bitcoin because it will definitely increase in near future.

Indeed, an analyst on that video link I post stated that the patient holder will be rewarded and that the current drop is just temporary.  I believe that crypto price will go sideways and we will not see a dramatic increase this next week.  I just hope that it won't drop to sub $8k since it can trigger another panic selling.  The further drop may be a good chance to buy more but it will also take longer for BTC to recover and goes back to uptrend market.