Bearish!

[casperBGD]

Is btc at its lowest right now or it will still fall near to $9k?
Whales are locking heavily on $9k. What are ur views on it?

I don't think it will hit below $ 9k, there is no time to play at that price, so look at it in the next few days to get support for the weekly trend continuing the previous rally, buying cheap bitcoins from now on is the right time, we are not entirely in a bear market

agree on this one, this seems to be a temporary down, but one should be cautious with investment all the time, and look through all possible scenarios in the near and long term, and although this seems as temporary, it could prolong to dips from this point
would wait on the sidelines for new buy orders, but will not exit positions, mostly looking for long-term, not that interested in day trading

[rhomelmabini]

From my point of view I think the month of September to October will be the accumulation phase. I just looked on the past 2017 chart here https://www.marketwatch.com/amp/story/heres-what-bitcoins-monster-2017-gain-looks-like-in-one-humongous-chart-2017-12-06 and I noticed that there's a drop as well there on the August and September area.

Most likely history will repeat itself this time but who we are we're just merely speculators but somehow we can depend on the charts. I don't think we really are on bear market in the long run but a possible bull run is coming.

[Kelvinid]

Don't ever believe those fortune tellers because it only disappoints you.

Forget about bearish or bullish trends. It is all been possible but we can neither tell which one. I'd never seen that we are already going back to $9k, the market seems so healthy this time that is why it never bothered me to think about it even of seeing a few dumps. What I see this is a normal scenario and this is just for now since most investors are investing altcoins due to Defi hypes and soon it backs to normal.

[btc_angela]

Don't ever believe those fortune tellers because it only disappoints you.

Right, unfortunately, there are a lot of crypto investors who believe this so called experts.

Forget about bearish or bullish trends. It is all been possible but we can neither tell which one. I'd never seen that we are already going back to $9k, the market seems so healthy this time that is why it never bothered me to think about it even of seeing a few dumps. What I see this is a normal scenario and this is just for now since most investors are investing altcoins due to Defi hypes and soon it backs to normal.

We have a support at $10k right now, but obviously, if this collapses then we can go back to $9k. But still it doesn't mean that we are entering a bearish trend. This is just the cycles of bitcoin. And we shouldn't be disappointed. As far as Defi hype goes, smart investors will invest on them, but will withdraw and then move back to bitcoin. That's the case in the 2017 bull run and will still be the case when we goes on a full bull run next year.

[Stedsm]

I see 8700 coming because many technicals and fundamentals are showing that either a wick or slow way downturn is coming for BTC. This is not a fortune-telling tale nor did I hear from any whale, but I saw some facts and consider this to be the very possible scenario in the upcoming days (I hope I may be wrong but if not, many longs are going to get liquidated). Those who think 10k has a support, please clearly check that level and see how easily it gets broken down every single time it's reached after BTC tries to recover.

[DoublerHunter]

I see 8700 coming because many technicals and fundamentals are showing that either a wick or slow way downturn is coming for BTC. This is not a fortune-telling tale nor did I hear from any whale, but I saw some facts and consider this to be the very possible scenario in the upcoming days (I hope I may be wrong but if not, many longs are going to get liquidated). Those who think 10k has a support, please clearly check that level and see how easily it gets broken down every single time it's reached after BTC tries to recover.

^ I will disagree with this vision since bitcoin did not touch $9k in the market so far and I am very optimistic about the price and I believed that this will bounce back and not beyond $10k in the market. I don't see any negative news that probably will affect the market price or event, only whale here who play the market. The only we can defeat them is to hold and never do panic selling. This is just a small correction and whale has no power to lower down the price, I may not have indicators on my prediction but that is my perception.

[hahay]

A return to the 8k level will probably happen in the near future because until now the decline is still happening but still, the price will continue to fluctuate until it finally hits its lowest point at the 7k level. I think that's the worst case scenario, because even if the decline will continue it won't really return to its 4k low and definitely the end of the year will be the point where the market will be bullish or even continue to crash.

[TravelMug]

I see 8700 coming because many technicals and fundamentals are showing that either a wick or slow way downturn is coming for BTC. This is not a fortune-telling tale nor did I hear from any whale, but I saw some facts and consider this to be the very possible scenario in the upcoming days (I hope I may be wrong but if not, many longs are going to get liquidated). Those who think 10k has a support, please clearly check that level and see how easily it gets broken down every single time it's reached after BTC tries to recover.

I thought that I'm just the only one who see that the price will go on the $8800 levels, it's not that I wanted to see the price go that low. Ok, I "wish", it will go that levels because that's the price that I wanted to see and enter the market again.

$10k support has obviously been broken in the last couple of hours. Again it is strong when traders are defending it, however, in the last 3-4 days, every resistance levels has been broken already. So I wouldn't be surprised if $9500 can't be sustained because there's a lot of selling going on.

[Stedsm]

^ I will disagree with this vision since bitcoin did not touch $9k in the market so far and I am very optimistic about the price and I believed that this will bounce back and not beyond $10k in the market. I don't see any negative news that probably will affect the market price or event, only whale here who play the market. The only we can defeat them is to hold and never do panic selling. This is just a small correction and whale has no power to lower down the price, I may not have indicators on my prediction but that is my perception.

Please tell me what had whales to do with the old Mt Gox and many other exchange hacks? What had whales to do with scams and loots that shook us all? Still, we saw immense effects of those things on the markets. That's because of FUD and FUD will never leave us, which is why I believe that there's so much FUD in the markets that we can't help it out and whales, if they want to take the price even to $100, they can do it due to the fact that they've got very big stash and our BTC are just droplet-sized against them. We can't get united because till we unite, these whales will just end the game for us.

I thought that I'm just the only one who see that the price will go on the $8800 levels, it's not that I wanted to see the price go that low. Ok, I "wish", it will go that levels because that's the price that I wanted to see and enter the market again.

$10k support has obviously been broken in the last couple of hours. Again it is strong when traders are defending it, however, in the last 3-4 days, every resistance levels has been broken already. So I wouldn't be surprised if $9500 can't be sustained because there's a lot of selling going on.

I've got a lot of reasons here to say that it'll probably break down below $9k and will definitely reach near $8700 as whenever we are reaching $10k (had always been an extremely crucial support area), sellers pull it back under that level and keep it near 9800-9950 areas. I don't think we are going to fly again for a few months guys, roam with your BTC in alts as probably, BTC will be going sideways for some weeks (probably months).

[maydna]

~snip~

That's what I'm seeing for now since the market is bit in red and that's totally create panic to the people right now so we need to act good since if we dump at lose for sure it will be a total mess for us. And I'm still positive regarding on current happenings that we can still see some nice pumps since I believe the effect of halving and its potential hasn't reached yet.

I hope people out there will not panic because the price reaches the $9k level. I still hope to see bitcoin price will get another pump soon because we are now seeing bitcoin price back to $10k, so that can be a good sign for bitcoin price to reach the other highest price. The bearish trend will over, and the bullish trend will come, so that can trigger the price to break the new ATH. I hope that we still have the patient see the new ATH coming, and I think we will not wait for a long time to see the new ATH.

[lienfaye]

A return to the 8k level will probably happen in the near future because until now the decline is still happening but still, the price will continue to fluctuate until it finally hits its lowest point at the 7k level. I think that's the worst case scenario, because even if the decline will continue it won't really return to its 4k low and definitely the end of the year will be the point where the market will be bullish or even continue to crash.

Though fluctuation is normal in bitcoin, some of us are still looking for an answer on why this is happening. They want an expert's prediction for the next movement of the price but we cant predict that for sure accurately. We can only wait and use the chance to buy more, better to think positively rather than stressing yourself on the price of bitcoin.

[TIDOVEE]

Most of us here cannot just say when the dump ends or start, all we do is study the market trend, listen to updates and make predictions,many of us were surprised to see the great dump after the last 2weeks pump, many traders have started promising their customers what is beyond them and are now having their arm folded. its just like the world economy trends, a lot of factors determine the rise and fall, who planned this year economy to be this distorted? What we do is watch prayerfully and do the needed at every opportunity.

[Ridwan Fauzi]

Depend on your intention, if you have money and you will buy bitcoin for short term investment I don't think its at a lower price, it could decrease more than it. But if you have intention and you will buy bitcoin for long term investment now its at the lower price since as we all know its all time high was $20.000 at 2017 ago.

[Saisher]

Is btc at its lowest right now or it will still fall near to $9k?
Whales are locking heavily on $9k. What are ur views on it?

It's really hard to tell what happened this month is really surprising, everybody was caught unprepared and there are a lot of speculations on the cause of the dump in the first week until they've all traced it and there's a big possibility that it will happen again, your $9000 theory is also possible because there's not many buying support that's happening these past two weeks.

[cryptomaniac_xxx]

Is btc at its lowest right now or it will still fall near to $9k?
Whales are locking heavily on $9k. What are ur views on it?

It's really hard to tell what happened this month is really surprising, everybody was caught unprepared and there are a lot of speculations on the cause of the dump in the first week until they've all traced it and there's a big possibility that it will happen again, your $9000 theory is also possible because there's not many buying support that's happening these past two weeks.

I would say that everyone here was caught unprepared by the sudden price movement starting on the 31 of August if I' not mistaken, we just broken $12k that time and looking for more. But then it went on a downward spiral, and there's a lot of speculation, from miners dumping because they are afraid of the competition from Westerners or from the CME futures that "they" are trying to fill the gap around $9600-$9800, which I honestly still don't understand as of the moment. But this is the price that we are heading for, so most likely it has some weight, https://cointelegraph.com/news/bitcoin-price-hits-98k-as-quest-to-fill-futures-gap-sees-6-week-lows

[Inkdatar]

Depend on your intention, if you have money and you will buy bitcoin for short term investment I don't think its at a lower price, it could decrease more than it. But if you have intention and you will buy bitcoin for long term investment now its at the lower price since as we all know its all time high was $20.000 at 2017 ago.

That's right it depends whether op goal is for short or long term. If for long term he can enter at this current price, and it for the rise of bitcoin. Many users are waiting for the bull run to occur and no one knows when it will increase. Let's observe bitcoin if what price it will heading to.

[shoreno]

Is btc at its lowest right now or it will still fall near to $9k?

if you see , btc is confused again . the price go up and down in like every single minute so theres a posibility that itl fall more and its not the lowest btc can achieve yet .

Whales are locking heavily on $9k. What are ur views on it?

thats also what i think about  . i thought im the only one who notice that ? no matter how up and down btc do , its value still stay or return on this level  . im starting to think that whales are at it again but i dont know if whats thier plan . is this a bait or what ? that  they give people a small window to enter  . 

[beerlover]

Can we really say this is bearish now? Don't get me wrong I have seen the fall and I agree that was bad for the price but can we call it bearish right away? We just went down about 15% and we stayed there, didn't went down any more, at what point do we call a fall a bear or not? I personally wouldn't want to say that it was a bearish fall, I could say that it was a bad fall, even a correction but I wouldn't call it bear.

Of course point of view changes from person to person, I got in a lot lower so this wasn't bad for me, but some person who got in at $11.5k or so saw this and they could call it bear unlike me. Which means bear could change from person to person, one persons bear could be another person's correction. At least that is what I think when it is such a small drop.

[Yaunfitda]

Can we really say this is bearish now? Don't get me wrong I have seen the fall and I agree that was bad for the price but can we call it bearish right away? We just went down about 15% and we stayed there, didn't went down any more, at what point do we call a fall a bear or not? I personally wouldn't want to say that it was a bearish fall, I could say that it was a bad fall, even a correction but I wouldn't call it bear.

As far as I know, bearish market is a downtrend around 20%, so technically we are not as we didn't everything that price to go that low.

Of course point of view changes from person to person, I got in a lot lower so this wasn't bad for me, but some person who got in at $11.5k or so saw this and they could call it bear unlike me. Which means bear could change from person to person, one persons bear could be another person's correction. At least that is what I think when it is such a small drop.

This kind of drop is really advantageous, person to person, others get in around $10k, but for some they still waited for at least to drop significantly, around $9k, but it didn't happen as we have bounce back again, $10300 and still going up.

[Arkann]

Nevertheless, such rapid indicators of price decline occurred not only in the cryptocurrency market, but the same trend followed in the stock market. A lot of reasons were voiced regarding the current situation, but no one specifically and precisely spoke out. But the fact that bitcoins did not fall below 10,000 and maintains this level for a long period, it can be assumed that this level will be a new starting point, followed by the accumulation of Bitcoin at a low price.