Now BTC Price will drop or up?

[tbterryboy]

Actually it is not the increase in demand that the future looks bullish about, it is the decrease in the supply as well. Because of the halving miners are mining less bitcoin every single day which means sellers could sell as much as they want and continue to do so and keep the price as level as they want, however eventually it will not be profitable to keep selling bitcoin and eventually that will lead to bitcoin being higher.

Of course there is a demand for bitcoin as well and there is an increase of it every day too, but the lack of supply is also quite important. When you combine lack of supply (halving) with the increase in demand, that means future is bright and quite bullish. Of course this is just an estimate, we can never really know it fully and we are just assuming what is going to happen.

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[Oceat]

It seems that the price is quite stable in $9k range even if it just touched the $8k level. I think it would continue to be like this for a week then start to touch back the $8k level but of course, there's a factor that would change the outcome such as panic selling or price manipulation. July is coming and I'm sure there is another trend that's going to happen to Bitcoin that time, let's just wait and see.

[Taskford]

It seems that the price is quite stable in $9k range even if it just touched the $8k level. I think it would continue to be like this for a week then start to touch back the $8k level but of course, there's a factor that would change the outcome such as panic selling or price manipulation. July is coming and I'm sure there is another trend that's going to happen to Bitcoin that time, let's just wait and see.

I have a strong thought that next July, the price of bitcoin will reach $ 10k again. however, at the moment the price of bitcoin is indeed so close to the price of $ 8k, but the price of bitcoin is really struggling to maintain the current price of $ 9k. sooner or later, the price of bitcoin will definitely increase, I believe it.

That's a good thought of you and hopefully it will came to that numbers since as of now we are not yet done with pandemic, also no sign with good news so provably we will still seeing it moving at 8k to 9k price. But hopefully those things will just pass by and people will decide to buy some bitcoins again so that we can possibly reach to 5 digits figure again. Let just wait for what future brings and I really keep looking to see a $10k next month.

[traderethereum]

It seems that the price is quite stable in $9k range even if it just touched the $8k level. I think it would continue to be like this for a week then start to touch back the $8k level but of course, there's a factor that would change the outcome such as panic selling or price manipulation. July is coming and I'm sure there is another trend that's going to happen to Bitcoin that time, let's just wait and see.

I have a strong thought that next July, the price of bitcoin will reach $ 10k again. however, at the moment the price of bitcoin is indeed so close to the price of $ 8k, but the price of bitcoin is really struggling to maintain the current price of $ 9k. sooner or later, the price of bitcoin will definitely increase, I believe it.

Hopefully, that can happen in July since we will see the next month soon.
I am sure that if the price can back to $10k, we will back to make a good profit than before, and I think many people will cash out some of their bitcoin after wait for some time.
But until those days, we need to be patient because the price is back to $9k level, so maybe the price will adjust one more time before it will increase higher.
For the long term, I believe bitcoin's price will increase so high, and it will pass more than $10k.

[peter0425]

 
BTC/USD Technical Analysis

Over the past week, the BTC Price has been stabilizing between 9.5K-9K. If it breaks 9.5K then it can retest 9.8K-10K. Both 9.2K and 8.5K are the Important Level.9.2K, BTC will be dumped at 8.5K if that break. 8.5K is the key level which can take correction to BTC 7.6K - 6.2K if broken

It drops today below $9,000 but got back again after an hour.
I think we are going drop again for a while.

the near fall is $7,000 and that is the lowest before the Final happen and the Bull comes .

It seems that the price is quite stable in $9k range even if it just touched the $8k level. I think it would continue to be like this for a week then start to touch back the $8k level but of course, there's a factor that would change the outcome such as panic selling or price manipulation. July is coming and I'm sure there is another trend that's going to happen to Bitcoin that time, let's just wait and see.

Thats wrong because it is not stable at 9k because we are falling a little below,Maybe the range of 8,500-9,500 is the strong level.

[Dollar_Hunter]

Market sentiment is now very bearish, some people say that strong support is at $ 7500, if seen from Lasky366 analysis it looks like it will be the same, at least we should be prepared

[lumeire]

I have a strong thought that next July, the price of bitcoin will reach $ 10k again. however, at the moment the price of bitcoin is indeed so close to the price of $ 8k, but the price of bitcoin is really struggling to maintain the current price of $ 9k. sooner or later, the price of bitcoin will definitely increase, I believe it.

We have no guaranty that it will reach that price level, things are unclear right now many people are hoping that the price will reach the $10,500 level but look what happen we are back to $9100 from $10000 when the month started.
It's too early to tell but still the nest time to accumulate Bitcoin.

By the direction of these swings and the intensity of the swings I can say there will be a dump in pretty short period of time which is inevitable and only a pump can again start a bull market which should at least take the bitcoins price back to at least $10.5k, anything under it still won't confirm a bull market.
Twitter and YouTube are also going crazy over speculations on the future of bitcoin and many of those people say that bitcoin can also see a new ATH when the next pump starts.

[familiaverde]

 
BTC/USD Technical Analysis

Over the past week, the BTC Price has been stabilizing between 9.5K-9K. If it breaks 9.5K then it can retest 9.8K-10K. Both 9.2K and 8.5K are the Important Level.9.2K, BTC will be dumped at 8.5K if that break. 8.5K is the key level which can take correction to BTC 7.6K - 6.2K if broken

I don't really know about the technicals.  But I feel fundamentally this is the right time for Bitcoin to pickup speed and reach some good 15K levels. I mean A complete lockdown of Economy. and Yet Economy is standing pretty much intact. Once people realize that crash is incoming they will immediately take money out of the markets and the alternative best source of investment would be bullion but gold already has risen so much in past few days that buying it at this price today is not at all lucrative so remaining bet is cryptocurrencies and Bitcoin. Moreover we are yet to see the halving impact on Bitcoin price. So i pretty much feel that fundamentally bitcoin is going up for sure.

[bitgolden]

^The reason why it looks so undecided and why there is a uncertainty on bitcoin is the fact that bitcoin has been in the most stagnant period of its life probably or at least in the previous 5 years. We know bitcoin to be volatile and to be moving up and down crazy but right now for the past 1 month or so the price has been between $9k and $9.5k without changing too much, and it didn't moved between 9 to 9.5 neither, it made only a hundred dollar difference per day without changing 500 dollars a day for the past month.

This makes it a bit of a weird situation, people are not sure because they do not remember last time bitcoin was like this, and this causes people to not make any movements at all. We are living a very low volume and low liquidity period just because of this as well since people are afraid of making any moves.

[babygun]

 

^The reason why it looks so undecided and why there is a uncertainty on bitcoin is the fact that bitcoin has been in the most stagnant period of its life probably or at least in the previous 5 years. We know bitcoin to be volatile and to be moving up and down crazy but right now for the past 1 month or so the price has been between $9k and $9.5k without changing too much, and it didn't moved between 9 to 9.5 neither, it made only a hundred dollar difference per day without changing 500 dollars a day for the past month.

This makes it a bit of a weird situation, people are not sure because they do not remember last time bitcoin was like this, and this causes people to not make any movements at all. We are living a very low volume and low liquidity period just because of this as well since people are afraid of making any moves.

While the price is stagnant this last month, this has not been the first time that the price is ranging between a certain level (and it will not be the last time).
Back in the beginning of 2019, the price varied around 3100$ for a couple of months before finally going up.

It is just waiting on some big news (either positive or negative) to really see a reaction on BTC price.

[Oceat]

It seems that the price is quite stable in $9k range even if it just touched the $8k level. I think it would continue to be like this for a week then start to touch back the $8k level but of course, there's a factor that would change the outcome such as panic selling or price manipulation. July is coming and I'm sure there is another trend that's going to happen to Bitcoin that time, let's just wait and see.

I have a strong thought that next July, the price of bitcoin will reach $ 10k again. however, at the moment the price of bitcoin is indeed so close to the price of $ 8k, but the price of bitcoin is really struggling to maintain the current price of $ 9k. sooner or later, the price of bitcoin will definitely increase, I believe it.

Hopefully, that can happen in July since we will see the next month soon.
I am sure that if the price can back to $10k, we will back to make a good profit than before, and I think many people will cash out some of their bitcoin after wait for some time.
But until those days, we need to be patient because the price is back to $9k level, so maybe the price will adjust one more time before it will increase higher.
For the long term, I believe bitcoin's price will increase so high, and it will pass more than $10k.

Once again I will say it that there's another factor that would change the outcome so if you ever planning to sell next week be sure it is the right price. Don't let your hopes high if you don't see a sign that it will going to hit $10k next month because that's far from reality yet. We can't tell yet if the price would sore above $10k next month but I do hope it will then expect a price correction after that would tend to drop the price.

[traderethereum]

Once again I will say it that there's another factor that would change the outcome so if you ever planning to sell next week be sure it is the right price. Don't let your hopes high if you don't see a sign that it will going to hit $10k next month because that's far from reality yet. We can't tell yet if the price would sore above $10k next month but I do hope it will then expect a price correction after that would tend to drop the price.

I will wait for the right price or at least I want to sell if the price can touch $9,500-$10k, and I don't mind waiting for more because I am sure that the price will hit $10k next month.
Although we are still far from reality, I think besides waiting for the increases, I can try to buy and sell with a little amount and I hope that can allow me to make a profit even if that is not much.
No matter if the price will be down in the next month, in the end, the price will bounce to the high price, so that we can repay our losses, and we will make another profit.

[Paycoinzzz]

According to my analysis of economic conditions as well as based on TA, the high possibility of BTC price will drop sharply according to stock index in the US. In the United States the epidemic is likely to flare up again and it will certainly have a further impact on their economy. I believe that under such bad economic conditions, the whales will soon be able to sell off. After the epidemic has been controlled everywhere, Bitcoin halving can have an effect on its price. My conclusion in the short term is that bitcoin will test $ 8274 in the next 2 weeks.

[CoinFoxs]

Bitcoin will stay between 9.2k$ to 9.7k$ for 1-2 months and after this period we will see an increase in bitcoin’s price. It is possible that bitcoin drops to 8.5K$ before crossing 10k$ milestone which is not a difficult task. Due to pandemic businesses face financial Crises most probably by the mid of july 2020 almost all countries lift smart lockdown and after that we might see an hike in bitcoin’s price.

[elisabetheva]

Bitcoin will stay between 9.2k$ to 9.7k$ for 1-2 months and after this period we will see an increase in bitcoin’s price. It is possible that bitcoin drops to 8.5K$ before crossing 10k$ milestone which is not a difficult task. Due to pandemic businesses face financial Crises most probably by the mid of july 2020 almost all countries lift smart lockdown and after that we might see an hike in bitcoin’s price.

a very appropriate opinion, indeed so far I strongly agree that bitcoin moves between $ 9K only, for the possibility of going back down to $ 8K could happen. but keep in mind that when the momentum past $ 10K is stable enough, it is certain that bitcoin will continue to move slowly. the prediction is that when 2020 ends bitcoin will be in the range of $ 15K, then it will continue to rise in 2021. bitcoin will experience an increase that will be the same as 2017 can occur and may be able to exceed.

[ethereumhunter]

The price today is still almost the same as yesterday, and the price is not moves significant. But I think we need to wait for more because maybe this week, bitcoin price will move high. It still a mystery for us because we don't know where bitcoin price will moves. I hope the price will be stable for a while, so that can give a chance for the altcoin to increase the price. If the altcoin can not increase, then maybe the market needs to break for a while to prepare the rally.

[ultrloa]

Bitcoin will stay between 9.2k$ to 9.7k$ for 1-2 months and after this period we will see an increase in bitcoin’s price. It is possible that bitcoin drops to 8.5K$ before crossing 10k$ milestone which is not a difficult task. Due to pandemic businesses face financial Crises most probably by the mid of july 2020 almost all countries lift smart lockdown and after that we might see an hike in bitcoin’s price.

a very appropriate opinion, indeed so far I strongly agree that bitcoin moves between $ 9K only, for the possibility of going back down to $ 8K could happen. but keep in mind that when the momentum past $ 10K is stable enough, it is certain that bitcoin will continue to move slowly. the prediction is that when 2020 ends bitcoin will be in the range of $ 15K, then it will continue to rise in 2021. bitcoin will experience an increase that will be the same as 2017 can occur and may be able to exceed.

We are quite looking ahead with those figure but this year is different many struggles which creates a bad spot with investments today and bitcoin is also affected on this but I'm looking forward on the end of this crisis since if this will be stop by this year provably we will see the big potential of bitcoins in next year. Possibly it can surpass the old ATH of bitcoins if strong side will come on it.

[ene1980]

We are quite looking ahead with those figure but this year is different many struggles which creates a bad spot with investments today and bitcoin is also affected on this but I'm looking forward on the end of this crisis since if this will be stop by this year provably we will see the big potential of bitcoins in next year. Possibly it can surpass the old ATH of bitcoins if strong side will come on it.

If you are talking about the economic struggles we are yet to take a bad hit on that situation, the magical stock exchanges are still not going down which is really crazy considering the situation we are going through and hopefully we will not see a domino affect kind of situation when the entire economy crumbles one by one, everyone knows the situation is not that great but we are still expecting great things from the economy and if the market does not fall by the end of this year then we might see a rally in bitcoin.

[STT]

We've gone up and stayed above the 2 day moving average for all this week so far so there is a positive move in the short term that could develop into something more.



Just today its breaking through the weekly average so theres accumulation there.   Its reasonable to watch for strength so long as we maintain both these simple measures.

[Kong Hey Pakboy]

The price today is still almost the same as yesterday, and the price is not moves significant. But I think we need to wait for more because maybe this week, bitcoin price will move high. It still a mystery for us because we don't know where bitcoin price will moves. I hope the price will be stable for a while, so that can give a chance for the altcoin to increase the price. If the altcoin can not increase, then maybe the market needs to break for a while to prepare the rally.

Indeed. The price of bitcoin is still the same that it doesn't make any improvement to its price. It is also hard to predict what will be the next movement in the price of bitcoin because it just stays its price to $9,000. So I assume bitcoin might increase at least $10,000 before the end of the year.