Bitcoin Dips to $11.6K, ETH Options Predict Price Below $400 by End of Year

[sheenshane]

But is it really just a price correction? Or Bitcoin is really headed down after all this price movement? Because even if Bitcoin is still in the 11,700$ level it doesn't mean it will clearly stay in the level or higher for longer periods.
(.....)

Probably a correction for Bitcoin and Ethereum.
As you saw before when we break the $12, 000, that was too fast and for sure a lot of traders take profits on that level of price. I am amazed on Bitcoin for not breaking below $11, 000 before, and now we are again to test the $12, 000 area.

I tend to agree, we are good so far.

That is natural movement of Bitcoin and other altcoin such as Ethereum. Once we experienced a massive price increased, it was expected that there is a small correction to the price. Actually, we can't really predict where the Bitcoin price headed of, just open thing for sure and I'm very optimistic that the price always end up surging in the market. Much better to hold and wait for your profit was there.

For now, I consider that the market is healthy and in a good condition. Nothing to worry about.

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[shoreno]

At least the data still shows that Ethereum's value is up. And it would be absurd that the crypto market would not grow if the general economies of the countries developed again. Bitcoin halving has taken place and is going to be the big pump of Bitcoin and of course the top coin will also enjoy. So in my opinion, by the end of 2020 the price of ETH and BTC will be higher than the data you provide.

If the world is not in this scenario and since we just finished the halving it's more likely that we are in a better price position not like this where the buy support is weakening, but hey this pandemic is another chapter for Bitcoin and Cryptocurrency in general that it's here to stay and it's going to be a part of our life.

or we can also remove the fact that halving has happened but if theres no world crisis the price would be two times better now  . we are sorry because that didnt happen but we can be thankful because halving has happened and this atleast counter more even dumps caused by the problems faced by the masses these days   . covid pandemic is a concrete proof that cryptos are really indestructable  but for the many years of cryptos existence , this crisis is the strongest  and we can expect that there were more to come  .

[rodskee]

Correction is happening each time that the value of Bitcoin Goes high so this is not new and must be used to this.
Why need to bother when the price still in Highest price of more than $11,000 things that we must be very thankful because
even the pandemic comes yet we are still in good faith now about our investments.

Look at Ethereum from below $150 now still doing Great at almost $400 and still showing strength in that value or maybe spiking to above 400 again
sooner?
what Bothers me most is that what if the price don't move again and like couple months ago stays in their position?
Do you think we can expect a Good hope in the last quarter or at least mid of next yar 2021?

At least the data still shows that Ethereum's value is up. And it would be absurd that the crypto market would not grow if the general economies of the countries developed again. Bitcoin halving has taken place and is going to be the big pump of Bitcoin and of course the top coin will also enjoy. So in my opinion, by the end of 2020 the price of ETH and BTC will be higher than the data you provide.

Vilatik is on the move i believe that's Why ETH is still showing this strong value while other altcoins are still on struggle,
Aside from DEFI projects that is on the move now and making difference to all altcoins.

[Ridwan Fauzi]

At least the data still shows that Ethereum's value is up. And it would be absurd that the crypto market would not grow if the general economies of the countries developed again. Bitcoin halving has taken place and is going to be the big pump of Bitcoin and of course the top coin will also enjoy. So in my opinion, by the end of 2020 the price of ETH and BTC will be higher than the data you provide.

So, you mean by the end of 2020 the economic situation will be same like now?

I don't think like that, bitcoin will always grow in price without that. Moreover with has happened, I think there wil be many investor who just got intereted to invest in bitcoin. There are a lot of factor who will make bitcoin's price touch another all time high, I still believe with its function for human being in the future, it is not about investment place only but you can make payment system, sending money and etc when you having it.

[Nazmul012]

Can't say surely about bitcoin cause it's quite difficult to predict the right price of it. But haven't found any possible reason that could makes bitcoin down. Even at this moment price is fine for now. Besides i know that ETH 2.0 realease would be delayed but effect could be shown. So i guess eth would pump from $400 to $500-550 even more, at the end of this year

[Fredomago]

Can't say surely about bitcoin cause it's quite difficult to predict the right price of it. But haven't found any possible reason that could makes bitcoin down. Even at this moment price is fine for now. Besides i know that ETH 2.0 realease would be delayed but effect could be shown. So i guess eth would pump from $400 to $500-550 even more, at the end of this year

It's bouncing back now,  and Yes it's hard to predict the real movements as there are many speculation around and there are people who
are trying to shake this market, be aware that whales always played around, weak holders will keep losing their investment make sure

to always have good plans before you take any decisions about your positions with your investment.

[el kaka22]

Correction and price going down are two different things and that is why they are named differently as well. Why do you think when the price goes down some of them are called correction and some of them called bearish movement or plain old went down, don't you think there needs to be a reason why they are named differently and that is why people react to them differently as well?

Correction is when bitcoin price goes up a ton, lets recap, bitcoin started the year 7k, went to 9k, with corona it went to 4-5k levels and it peaked over 12k recently, isn't it normal that there was some correction that dropped the price a bit? That is only caused by staggering amount of people who made a profit and just wanted to get out, you would want profits as well wouldn't you?

[Eugenar]

Can't say surely about bitcoin cause it's quite difficult to predict the right price of it. But haven't found any possible reason that could makes bitcoin down. Even at this moment price is fine for now. Besides i know that ETH 2.0 realease would be delayed but effect could be shown. So i guess eth would pump from $400 to $500-550 even more, at the end of this year

Not only Bitcoin but also, to other cryptos. I've never heard of ETH 2.0 but the thing we are sure of, is lack of assurance that such thing will boost the price of ethereum and other cryptos because of the situation we are into.

Correction and price going down are two different things and that is why they are named differently as well. Why do you think when the price goes down some of them are called correction and some of them called bearish movement or plain old went down, don't you think there needs to be a reason why they are named differently and that is why people react to them differently as well?

Correction is when bitcoin price goes up a ton, lets recap, bitcoin started the year 7k, went to 9k, with corona it went to 4-5k levels and it peaked over 12k recently, isn't it normal that there was some correction that dropped the price a bit? That is only caused by staggering amount of people who made a profit and just wanted to get out, you would want profits as well wouldn't you?

Correction is more likely to happen when the price increase became too fast such that the price from $9k become $15k within a month. In this case I think a correction would occur and probably, the price will be back again to $10k in this instance.

[crzy]

Can't say surely about bitcoin cause it's quite difficult to predict the right price of it. But haven't found any possible reason that could makes bitcoin down. Even at this moment price is fine for now. Besides i know that ETH 2.0 realease would be delayed but effect could be shown. So i guess eth would pump from $400 to $500-550 even more, at the end of this year

This is just a prediction so don’t expect it to happen because there’s no such an accurate price prediction. If there’s a pump then there’s a correction after that and this is more accurate than any prediction. Bitcoin can still go up we just need to stay above $12k and we will end the year 2020 on good prices including the altcoins market.

[ultrloa]

Can't say surely about bitcoin cause it's quite difficult to predict the right price of it. But haven't found any possible reason that could makes bitcoin down. Even at this moment price is fine for now. Besides i know that ETH 2.0 realease would be delayed but effect could be shown. So i guess eth would pump from $400 to $500-550 even more, at the end of this year

This is just a prediction so don’t expect it to happen because there’s no such an accurate price prediction. If there’s a pump then there’s a correction after that and this is more accurate than any prediction. Bitcoin can still go up we just need to stay above $12k and we will end the year 2020 on good prices including the altcoins market.

No one can accurately predict the outcome on certain situation but I don't call that its impossible since there are high possibilities that those numberwould reach up since many has been on positive minded on the current situation. And also we are still in good  track so provably its either the price will go stable or it will pump more harder.

[carlfebz2]

Can't say surely about bitcoin cause it's quite difficult to predict the right price of it. But haven't found any possible reason that could makes bitcoin down. Even at this moment price is fine for now. Besides i know that ETH 2.0 realease would be delayed but effect could be shown. So i guess eth would pump from $400 to $500-550 even more, at the end of this year

This is just a prediction so don’t expect it to happen because there’s no such an accurate price prediction. If there’s a pump then there’s a correction after that and this is more accurate than any prediction. Bitcoin can still go up we just need to stay above $12k and we will end the year 2020 on good prices including the altcoins market.

No one can accurately predict the outcome on certain situation but I don't call that its impossible since there are high possibilities that those numberwould reach up since many has been on positive minded on the current situation. And also we are still in good  track so provably its either the price will go stable or it will pump more harder.

No one can really predict future prices but those numbers are realistic compared to those who do talk about 3-4k price fall down and as mentioned that it isnt impossible for it to happen yet we have seen on how this market move its price on a very unpredictable way.

ETH isnt really that far of with that price yet it can always go below $400 and so as with Bitcoin with having $11.7k at the moment.We cant be sure if it would able to held up for that long knowing that we are playing
on 12k resistance neither it could drop or break those resistances.Well see!

[beerlover]

Why do people focus on drops and not the increases, bitcoin has moved from $7k at the start of the year to above $12k and now still above $11k as you can see, why do you still check what it drop to instead of checking what it went up to?

In any case we are at a situation where I believe in the next 4 months all crypto will increase a ton, it is not a small chance neither, it is a big chance because there are so many indicators and so many historical proof that shows that crypto is in an increasing cycle these days, hopefully it will finally break over $20k once again, we have been waiting for it for 3 years and I believe it is high time that bitcoin finally goes up above $20k and when that happens all other altcoins will try to go to their own ATH as well making everyone involved a lot of profit.

[carlisle1]

Why do people focus on drops and not the increases, bitcoin has moved from $7k at the start of the year to above $12k and now still above $11k as you can see, why do you still check what it drop to instead of checking what it went up to?

7000 at the start of the year but remember mate we fell down more last March when the Pandemic or Covid 19 enters the whole world and starts the panicking.

so that means Bitcoin climbs up from $4000 level to more than $12,000 and this is something they need to see.

In any case we are at a situation where I believe in the next 4 months all crypto will increase a ton, it is not a small chance neither, it is a big chance because there are so many indicators and so many historical proof that shows that crypto is in an increasing cycle these days, hopefully it will finally break over $20k once again, we have been waiting for it for 3 years and I believe it is high time that bitcoin finally goes up above $20k and when that happens all other altcoins will try to go to their own ATH as well making everyone involved a lot of profit.

the last 2 years did not bring us that good December pump but i agree with you here that we are foreseeing good this now.
because at least we have a halving effect on the way and the Sounds of covid vaccine on the way.

[ScamViruS]

Can't say surely about bitcoin cause it's quite difficult to predict the right price of it. But haven't found any possible reason that could makes bitcoin down. Even at this moment price is fine for now. Besides i know that ETH 2.0 realease would be delayed but effect could be shown. So i guess eth would pump from $400 to $500-550 even more, at the end of this year

This is just a prediction so don’t expect it to happen because there’s no such an accurate price prediction. If there’s a pump then there’s a correction after that and this is more accurate than any prediction. Bitcoin can still go up we just need to stay above $12k and we will end the year 2020 on good prices including the altcoins market.

Prediction is not always correct. Because since prediction is easy to give, anyone can give their own opinion. But some experts prediction give you confident. It remains to be seen how realistic that prediction is. However, Bitcoin is in a good position now. Along with Bitcoin, the rest of the altcoins are also trying to hold their own. Yeah, if Bitcoin could end the year above $12k then that would be a very good signal.

[bearexin]

Why do people focus on drops and not the increases, bitcoin has moved from $7k at the start of the year to above $12k and now still above $11k as you can see, why do you still check what it drop to instead of checking what it went up to?

In any case we are at a situation where I believe in the next 4 months all crypto will increase a ton, it is not a small chance neither, it is a big chance because there are so many indicators and so many historical proof that shows that crypto is in an increasing cycle these days, hopefully it will finally break over $20k once again, we have been waiting for it for 3 years and I believe it is high time that bitcoin finally goes up above $20k and when that happens all other altcoins will try to go to their own ATH as well making everyone involved a lot of profit.

Well, drops are as important as increases, bitcoin could go down, ethereum could go down, this year both of them did went down, last year they were both up and down at the same time as well, you have to realize that crypto is something that goes up and down, that is how it survive, there is no scenario where crypto goes just one direction, it has to go both ways in order to sustain its movements.

If it goes up all the time that means nobody is taking out profit and that is not possible, people have to take up some profit time to time, that is how trading is done, and if it continues to go down forever, it will be worthless one day, and that is not possible, I rather collect every single bitcoin myself with all the money I have before I let bitcoin be worthless one day.