Now BTC Price will drop or up?

[bitbunnny]

To my opinion neither significant rise nor significant drop will happen. I think that price will continue to fluctuate in.current range for a while and I don't see what could at the moment influence price so deep that would be a trigger for huge change in either of ways, positive or negative. So, I don't make any special preparatons for my portfolio.

[ethereumhunter]

I guess we need to be careful now because bitcoin prices back to the lower price again. The price now down at $9,193, and we don't know if the price will go down for more or back to the $9,200. Hopefully, the price can back to the high price and not going down too deep, so we don't have to wait for more to sell bitcoin that we already bought before. I will wait for more and just watch the price moves, so I can make something related to the price position.

[carlisle1]

It looks like there is no clear if we will finally break $10k again or will continue to fall now.Yesterday we almost Hit $9,700 but now
 it fell down to $9,100 again and seems to be falling below 9k finally.

i hate this to happen because i have been waiting all this year to hit 5 digits and stays on that level but nothing
 happens closer.

It will happen soon, be more patient to wait for that. Finally, we see what is happens in the bitcoin market. The price now is down to $9,100, and the down of the price this time is deeper than before. I guess that makes some traders become panic to save their money in bitcoin. If we check on the market, the price still has a red candle, and the price still hard to recover to the green area or higher rate. Maybe this weekend, the bitcoin price will adjust to the new price, and in the next week, the bitcoin price will start a rally to the higher rate.

Besides that, a few days later, we will see a new month which can bring new hope to us, and I am sure that what we are waiting for will happen soon. We need to prepare the bitcoin by buying bitcoin at a lower price.

Actually i have been in patience for years now (but of course i will not lose hope just like that) and for how many times this past months that the price of Bitcoin Hitting $10k but again fell down the next days.
Well 3rd quarter is coming,i hope this will bring us more confidence and trust to keep us all Holding and waiting.
and also hope there are no panicking happens this time around till 4th quarter.

[Bitcoinislife09]

I guess we need to be careful now because bitcoin prices back to the lower price again. The price now down at $9,193, and we don't know if the price will go down for more or back to the $9,200. Hopefully, the price can back to the high price and not going down too deep, so we don't have to wait for more to sell bitcoin that we already bought before. I will wait for more and just watch the price moves, so I can make something related to the price position.

The market price of bitcoin is surely going to experience up and drop in the coming months because it just how bitcoin works. But in the past months, the market price is doing a good job sustaining its market price in 9k$ which is in my opinion a good thing when it comes to bitcoin. We already experience a lot of dumps in the market especially in the past months or year but I think having or sustaining its market price in the market is a good thing and might have its chance to surpass 10k$ in the market and go up to 15k$ in the market which is not reached in the past months or years of its market. Definitely it's a bad thing especially for short term investors here in bitcoin because they cannot make a good profit but the market price is not having much movement but just sustaining its market price.

[beerlover]

How could we know? There is literally no method proven to be 100% accurate at all times to predict the future of bitcoin. Big data companies love to make these kinds of predictions depending on the previous things and depending on what people want and see but even they are sometimes wrong.

Let's say you have "thoughts" of 100 million bitcoin users, and 99 million of them says that bitcoin price will go up next, you would assume that it will go up right? Since it is the people that buy and make it higher it is all depending on people and 99 million just said it will go up. However what changes is, even if one rich person sells 50k bitcoins suddenly that means the price will fall like crazy and that 99 million will join the selling as well because of it. So like I said, there is zero prediction method.

[exstasie]

everything should be to scale, you can't compare different classes with each other. a pencil being 20 cm is considered long, a human being 10 cm is not "long" (tall) because it is in a different scale.
bitcoin moving 0.5% to 2% is considered stable. stock market moving 2% can be considered volatile.

Correlation is defined primarily by direction, not magnitude. The point is both markets are moving in the same direction.

the magnitude actually defines the direction too specially in case of bitcoin versus other gigantic markets.

No, that doesn't make sense. "Magnitude" refers to the size or extent of a price move. "Direction" refers to up vs. down. In other words, magnitude is a qualifier for an uptrend or downtrend. It doesn't change whether two markets are correlated.

If stocks and BTC uptrend and downtrend together (and they do, at least at the present time) that establishes their positive correlation.

The reason BTC price moves have greater magnitude is because unlike stocks, BTC has a very illiquid market that is easily pushed around. That is irrelevant to the question of correlation.

[diazepam666]

Bitcoin is a decentralized crypto currency so price will stable in the market. So no one prove the price will drop or up, But we are all know price move both ways. The current market is unstable so we never said it will  be moving be same direction, may be Bitcoin is comes under the regulations and globalisation all the countries declare the price value. But it will never happened on short period so patience is only way to survive on Bitcoin.

[maydna]

~snip~

Actually i have been in patience for years now (but of course i will not lose hope just like that) and for how many times this past months that the price of Bitcoin Hitting $10k but again fell down the next days.
Well 3rd quarter is coming,i hope this will bring us more confidence and trust to keep us all Holding and waiting.
and also hope there are no panicking happens this time around till 4th quarter.

Please, you need to have more patience to wait for bitcoin rising. We all have the same experience from a few years ago, and we are still waiting for the moment of bitcoin rising. I am sure that our waiting time will be pay when bitcoin price can surge so high, and we will have the opportunity to make a lot of money from bitcoin.

Don't lose hope, and keep trusting that the time will come soon. Even if there is a panicking happens because the price is down, actually, that is the best moment for us to buy more bitcoin because the price might not go down deeper in the future. I know that we can do that, and together, we will have a big smile because of the number of profit that we will make later.

[bitgolden]

The thing about waiting for bitcoin is that you can't look at it quarterly if you are long term, you have to look at it yearly. Look at the yearly lows and yearly averages and you will see that even with the $20k in the 2017 period it is still going up.

It is going up both on the yearly lows but also on the yearly averages as well, every year if you take the daily average price of bitcoin you will see that each year is higher and higher. That is why I want to point out that if you wait for 5 more years for example you are going to sell your bitcoin for 2x if you bought right now. That is why I believe if you are a long term investor and you want to be patient, you should not check the third quarter or fourth quarter, that is not day trader but still middle term and not long term, long term means at least years before you end up selling.

[Jating]

Bitcoin is a decentralized crypto currency so price will stable in the market. So no one prove the price will drop or up, But we are all know price move both ways. The current market is unstable so we never said it will  be moving be same direction, may be Bitcoin is comes under the regulations and globalisation all the countries declare the price value. But it will never happened on short period so patience is only way to survive on Bitcoin.

Isn't it you contradict yourself? decentralised and then the price will be stable?

Anyhow, you can't really predict the price, and currently we have seen the price getting closer to it's resistance at $9k, so I'm hoping that it can't be breach and be down to $8k because I'm sure it can cause some panic to some investors specially newbies. We are just midyear though, still a lot of things can happen in the next coming months that can push the price again.

[jhonjhon]

It gonna be both of them. I believe that the market still decentralizes and that can't we saw what will happen next. Yet, we have a declining sentiment yesterday reaches $8.9k but just in a short off and it bounces back again to $9k.
Could we expect the market to continue to surge high, definitely, not? The market will still nowhere to go, ups and downs are a usual thing to see around.

[stadus]

I think it could possibly dump, we never know actually, bitcoin was just stable between $9k to $9,400 but it happened that it dumped, so we never know what's coming but I have a feeling that bitcoin will not be bullish until the end of the year but I don't also think that it will be trading below $5,000 again.

It's either we end $6k by the end of the year or above $10k.

[whyrqa]

According to analysts, the price of Bitcoin is more stable today, because compared to the beginning of 2020, today there is no tough pressure on the part of sellers, while the value of the cash flow index (MFI) has the potential to increase demand and therefore increase the price of bitcoin .
But if you look at the situation on the other hand, then after the halving on May 11, 2020, the reward for the block today is $ 60.843, and before this event the reward was $ 121.687. Based on this, we can make a choice that at the current price of $ 9,700, a significant part of the lungs may suffer miners, which is the most vulnerable due to lack of profitability. there is such an assumption that the number of miners could be reduced by almost 30% and how this situation will affect Bitcoin is very difficult to imagine. Although most still rely on the good development of events in the cryptocurrency market, mainly guided by the influence scenario of the halving of the past years of 2013 and 2016.

[LogitechMouse]

Right now, it is very hard to predict what will be the price movement of Bitcoin since it is going sideways this past few days.

My personal first support is the $9,000 which is currently in hold right now. Going down to this price will probably go to around $8500-$8700 which is the 2nd support for me and going further down, the next support which is a very strong support right now that I see is the 200 Daily MA which is at around ~$8300. Going down to this line will make my sentiment from bullish to bearish.

My resistance is at around $10,000 and going higher and staying above this price will be good for the holders .

[Ridwan Fauzi]

Bitcoin is a decentralized crypto currency so price will stable in the market. So no one prove the price will drop or up, But we are all know price move both ways. The current market is unstable so we never said it will  be moving be same direction, may be Bitcoin is comes under the regulations and globalisation all the countries declare the price value. But it will never happened on short period so patience is only way to survive on Bitcoin.

Bitcoin is indeed have decentralized system it means there is no country/party which can manage it but you have to know the user of it will be depend on the party who manage its users. As you may know, currently the user of bitcoin will not comfortable with government regulation especially a bad regulation for it. So as they will sell and buy bitcoin depend on it and make the price is not stable which I think your statement is not valid in this case. As you can see, just a few day bitcoin price has been experiencing a decrease price and seem like it will continue in a few weeks ahead.

[Hypnosis00]

A crazy thing to think about how to catch those changes and find the right timing to it.
Drop or up? My answer is maybe. We've been stuck for many weeks and until now the price range still remains. It never guarantees that we can make a price hike at this time amidst this crisis but a chance to make a few drops. We think that halving could save us but that was too early to expect the impact on the market trend.

Anyways, we can't just be hopeless at all. We know the volatility and that price could be like a roller coaster ride, sometimes we go up, and sometimes it goes down.

[Zackgeno96]

I think it could possibly dump, we never know actually, bitcoin was just stable between $9k to $9,400 but it happened that it dumped, so we never know what's coming but I have a feeling that bitcoin will not be bullish until the end of the year but I don't also think that it will be trading below $5,000 again.

It's either we end $6k by the end of the year or above $10k.

for now, no one can predict the price of bitcoin specifically and for certain. we can only guess. but, I don't think that the price of bitcoin will fall to the price of $ 6k. however, maybe the worst possibility is the price of $ 7k, well that is my prediction. it's just that, I still believe that the price of bitcoin can reach more than $ 10k by the end of this year.

The higher possibility is of bearish market which is going to happen in the coming months and I also believe that the bearish market will be of only short term then the price will rebound and will reach at least $15k by the end of the year or maybe in the first quarter of year 2021.

Could we expect the market to continue to surge high, definitely, not? The market will still nowhere to go, ups and downs are a usual thing to see around.

No, the market won't go up now because a lot of factors are pointing towards the start of a bearish market now. A lot of times the bully tried hard to cross the bar for starting the bullish trend but failed to do so. I am having all my funds ready to purchase bitcoins once there is a big red line in the market and I am sure of it that it will happen in the near future for sure.

[sheenshane]

My resistance is at around $10,000 and going higher and staying above this price will be good for the holders .

This was the Bitcoin holder's waiting to plunge the price rapidly up but the movement we can really see that it has slowly improved. Most likely holders and waiting to have gained and cut it off and reinvest again when it comes the price drastically down. But my question is we don't know when it will hit again the $10K price of Bitcoin. There's no exact time frame on it.

My personal first support is the $9,000 which is currently in hold right now. Going down to this price will probably go to around $8500-$8700 which is the 2nd support for me and going further down, the next support which is a very strong support right now that I see is the 200 Daily MA which is at around ~$8300. Going down to this line will make my sentiment from bullish to bearish.

I guess the range price of $8500-$8700 has been touched and now Bitcoin price heading goes upward more than $9k plus in the market. But at least we have enough guts when we execute our support resistance strategy. Because in the speculating of price these are very important indicators.

[monineklutak]

I still fell like we should see another retest of 10-10.5k before any potential fall comes into play but I'm not entirely sure... We could see a drop further to 8.8k and then back up to this zone and just consolidate for a while too...

$ 8800 has been reached, how's it going ?, Is $ 10k - $ 10.5 going back to retest? Or will we go back even deeper? thanks

[jackg]

I still fell like we should see another retest of 10-10.5k before any potential fall comes into play but I'm not entirely sure... We could see a drop further to 8.8k and then back up to this zone and just consolidate for a while too...

$ 8800 has been reached, how's it going ?, Is $ 10k - $ 10.5 going back to retest? Or will we go back even deeper? thanks

If we climb past $9.5k then I reckon we could see a surge higher. I'm a bit more pessimistic and there's a lot of bearish sentiment atm so I can imagine a break further to 8.4-8.6k at least is probably likely...

I'm currently (unleveraged) short but I could be wrong you could always wait for a break one way before scalping it with tight SL's.

We could be trolled to $11k and we might be but I still expect some sort of correction, whether 8k is enough of a correction I'm not sure...