Price of BTC might go down

[kentrolla]

One of the top analyst who predicted BTC might go to 40k now says 50% of collapse is possible in near days, before few months he stated BTC price might rally at least 300%, on the other side JP Morgan says there are possibilities for 100k till the end of the year So what's next for BTC?

Many people are desperately waiting to buy BTC in cheap price especially big whales because they are the one of want to fill their bags, I am curious to buy at half price from now.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/analyst-who-nailed-bitcoins-40000-level-says-50-collapse-could-come-next-140051309.html

[Jating]

It say "might", so still 50/50 if my opinion. Although there are no so called experts here, everyone can just like a graph and says that we are going into a correction phase. And with that said, we really don't know what's going to happen next, of course a parabolic rise is not possible, just like what we have seen, the price seems to retrace after hitting all time high.

And then bounce back, reach another high, so let's see how it goes. We are in a bull run phase, and no matter what FUD and negative news we've seen, it doesn't have a net effective on the investors mind.

[FIFA worldcup]

One of the top analyst who predicted BTC might go to 40k now says 50% of collapse is possible in near days, before few months he stated BTC price might rally at least 300%, on the other side JP Morgan says there are possibilities for 100k till the end of the year So what's next for BTC?

Many people are desperately waiting to buy BTC in cheap price especially big whales because they are the one of want to fill their bags, I am curious to buy at half price from now.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/analyst-who-nailed-bitcoins-40000-level-says-50-collapse-could-come-next-140051309.html

50% down from here (40,000$) means it will go to 20,000$. I don't see this happening in this bull market specially when there are so many institutions who want to buy bitcoins. I think bitcoin may go to 50,000$ and then we may see a 25% correction to 30,000$.

[cheezcarls]

Although that it is still a possibility, I honestly think that the correction might not get worse because of the institutions who buy Bitcoin. Unlike in 2017, the Bitcoin bull run was a “hype” one where ICOs are the reason behind it and institutions aren’t convinced that time plus some regulatory concerns as well that drive the cryptocurrency down to the wire.

There might be a slight correction perhaps, only for us to see Bitcoin making another big bull run again. I can see that within January 2020, it’ll even touch $50,000. Just saying.

[roadrunnerjaiv2025]

I don't think it's a matter of if but a matter of when. It happened before when the price hit $20K, so it's highly likely that it will happen again. But I don't think it will drop back to 50% of its value. The return is high even from a -15% swing, so there will be volume to make up sale and closing until the current ATH is reached again. I wouldn't say a nosedive is unlikely but at least the chance that it won't happen is higher.  

[acquafredda]

Let the "top" analysts say whatever the like: nobody knows where we are going here! It is the first time in history that an asset like bitcoin sits at the old financial world table. Do not get fooled by these clickbait articles! 

[irixo10]

Anyone believing most of these experts atimes might only end up regretting, i believe it is rather wise to have a good reason to invest and hold a coin than listening to experts opinions before taking a decision. Bitcoin growth surpassed every sort of expectations, predictions, etc set for it, since many sold thinking it will crash at one price or the other, it rather keeps going and ever since many people won't fail to use every opportunity they have to say things that will make some people to sell so they can buy cheap again. In my own opinion, as it stands no one knows the price it will pump to and on the other hand, it is already known that price correction will happen one day, and as usual no one knows when or what price it will dump to.

[Wexnident]

It say "might", so still 50/50 if my opinion.

True, heck any opinion out there is always 50/50 imo, and actually it's not a matter of it going up or down that should be noted but rather by how much it goes up or down that should be discussed instead. After all, people could still profit off of a bear season depending on how they move accordingly. And in that note, it's natural imo that the price would actually go down since it would actually be odd if it didn't. The market would never accept only positive growth phase after all, and only a balance of profit and loss of value is the norm.

[JohnBitCo]

Let the "top" analysts say whatever the like: nobody knows where we are going here! It is the first time in history that an asset like bitcoin sits at the old financial world table. Do not get fooled by these clickbait articles! 

You are very right that this time is different. We are over bought on all the trading indicators but still there is no sign of reversal. It better not to short any time soon else you can get rekt.

[Lucius]

One of the top analyst who predicted BTC might go to 40k now says 50% of collapse is possible in near days...

You should have written that he is a famous and widely known expert who is almost always wrong. For those wondering who it is, his name is Tom Lee, and he has long since lost his reputation as someone who can be called a top analyst (if he had one at all).

To figure out what kind of expert it is, all you have to do is search the internet (or visit the link I posted) - and here’s one of his greatest wisdom

Fundstrat’s Tom Lee Suspects Ban Of Bitcoin By the US Government After E-Cigarettes Suspension

[logfiles]

Although that it is still a possibility, I honestly think that the correction might not get worse because of the institutions who buy Bitcoin. Unlike in 2017, the Bitcoin bull run was a “hype” one where ICOs are the reason behind it and institutions aren’t convinced that time plus some regulatory concerns as well that drive the cryptocurrency down to the wire.

I don't know if you followed the Bitcoin prices well in 2017, but it was the other way round. The Bitcoin bull run led to the altcoin and ICO hype. When Bitcoin made headlines as it rallied past $10,000 towards $20,000. Very many "investors" and newbies were very desperate to get rich quickly, so they gambled with ICOs and altcoins with hope that they would perform like Bitcoin. So it's actually the amazing rise in Bitcoin price that led to the ICO hype.

[gurunanakji777]

Honestly speaking I don't trust so called crypto experts in my opinion this market moves only when there is a demand. Yes, It it drops 50% in value from now most of the traders will be interested to buy bitcoin. But in the current scenario of the market Btc is quite strong and it seems it will continue its rhythm further. We all know price is quite high according to the trend indicators market is in overbought position still bull has strength in it so due diligence before taking any step.

[Coin_trader]

The price chart of BTC is currently sideways when using a lower timeframe, It just that trader is currently undecided on the next trend but I'm still bullish since the 40K significant price is still strong since its a new territory and bears can easily destroy if bearish will be the new trend but the current price chart shows us that bulls still in control for maintening the current price.

FYI, I'm holding my BTC in Binance Dual Savings as I'm writing this statement to be fair. 

[Twinkledoe]

Honestly speaking I don't trust so called crypto experts in my opinion this market moves only when there is a demand. Yes, It it drops 50% in value from now most of the traders will be interested to buy bitcoin. But in the current scenario of the market Btc is quite strong and it seems it will continue its rhythm further. We all know price is quite high according to the trend indicators market is in overbought position still bull has strength in it so due diligence before taking any step.

These self-proclaimed crypto experts are just like us. Whatever they give us as their prediction are just mere speculations. They are also human and they can also make mistakes with their assumptions. And it is true, if it will drop down to 50%, many will take advantage of the market, because we will go up again. The adoption these days is different 3 or 5 years ago. As we are still battling this pandemic, a lot of people and even institutions realized about its potential to really grow in the digital payment sector.

[btc78]

One of the top analyst who predicted BTC might go to 40k now says 50% of collapse is possible in near days, before few months he stated BTC price might rally at least 300%, on the other side JP Morgan says there are possibilities for 100k till the end of the year So what's next for BTC?

Many people are desperately waiting to buy BTC in cheap price especially big whales because they are the one of want to fill their bags, I am curious to buy at half price from now.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/analyst-who-nailed-bitcoins-40000-level-says-50-collapse-could-come-next-140051309.html

He Might be Good n Predicting positively but may a Failure in Negative one , and Besides He Only predicted the 40,000$ but others also predict 50,000 in which closer to be reached these days .

I am Not that Believe in this prediction unless we Reached the 50k level then fall may happens  but not 50% because Investors who Bought Bitcoin in the Hype are those who can afford to Hold their Bitcoin even if some Dumping happens.

But I may also wrong since This is just what i think according to my own analysis considering how the Investments happen last December when the value is really climbing High.

[maculeth]

of course, it's no secret that bitcoin prices are staggering. can suddenly rise high and vice versa. now the situation is, bitcoin is at its highest peak, can it go down tomorrow? it could be, now there is a price drop, yesterday it was still $ 41k now it's $ 38k. it's just that it might not drop suddenly, or maybe it could go up even higher.

[Question123]

The movement of the bitcoin is unpredictable and anytime it possible to collapse and your money will down to but anytime big pump also because people keep buying bitcoin and I would to say to everyone who hold the risk is always there and anytime your money will gone but it is also chance to rise that is possible only to happen to your money now and better to accept the risk as soon as possible.

[bassbity]

almost a month of rise in bitcoin can not be said to be normal anymore, a big correction really just makes us believe that the price will fall for a while if the demand of whales and miners is reached. Then from, in order to gather more power and do the pump, I we can't turn it off at 100%.
here we are all dilemma between yes touching $ 100,000 or even vice versa. JP. Morgan is constantly researching and the bitcoin market today 2.60%

                                             

[Bitstar_coin]

I don't doubt the fact there will be correction at some point but no one knows exactly when this is likely to happen,  if he says might crash 50% from current price that means we are looking at around 20k, if this happens many buyers will be waiting to scope more btc after seeing the recent performance and probably the demand might even push price upward.
Btc crash always takes alts along 

[DooMAD]

It might, but don't believe everything you read.  Basically, we live in an era of extreme sensationalism.  The people who make the most outlandish claims tend to attract the largest audiences.  Unfortunately, such people generally don't tend to face any repercussions for this.  When people realise there aren't any consequences for over-embellishment, it just emboldens them to make claims that are even more preposterous.  A 50% drop is possible.  I've certainly been around to witness larger plummets than that over the years.  But I wouldn't say it was likely at the moment, given what we're seeing in terms of demand.  And even if it did happen, it certainly wouldn't be the end of the story.