BITCOIN - ROAD TO 8,000$ - speculation

[soureden]

Falling of BTC to $ 8000 must be something like Doomsday.  Something so deep for cryptocurrencies.  Being in it will upset all balances.  I think you forgot to put a zero.  Not 80000 dollars.

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[Mame89]

Btc buying activity seems to be weakening to the point where there is uncertainty about the direction of the BTC price going forward, and even though BTC is now at a low level, I'm sure that btc will not fall that deep.

[Woodie]

Why not?

Honestly, i wouldn't want to see the price of bitcoin come to this low because lets not forget that it rose to almost 70,000 dollars and shedding off over 80% of its value will hurt investor confidence and increase fear to invest in crypto.... Tbh there is more of a damaging effect than the opportunity to buy low, i would rather it does not get here.

Whats your predicts ?

January to March wont see much of an improvement but after this the recovery process should start.

[rodskee]

Falling of BTC to $ 8000 must be something like Doomsday.  Something so deep for cryptocurrencies.  Being in it will upset all balances.  I think you forgot to put a zero.  Not 80000 dollars.

This can be referred on what happened last 2020 when the Covid pandemic starts to ruin the market. when the price dip down to 4k but do we really considered that as doomsday?
what i can say is that moment is the best time for my crypto career because i managed to purchased so cheap .

Btc buying activity seems to be weakening to the point where there is uncertainty about the direction of the BTC price going forward, and even though BTC is now at a low level, I'm sure that btc will not fall that deep.

it is not weakening but instead the market is experiencing some kind of correction from the bullish year of 2021.

[South Park]

I never thought that bitcoin would go back down to $8000, because bitcoin already has very strong fundamentals, so it is very unlikely that it will fall below $30,000, as we can see now bitcoin has dropped below $40k according to my analysis now is the lowest price for BTC and it is impossible to go down from the current price, I am very optimistic that the crypto market will improve again and we will see BTC will increase  in the near future.

We are never going to see 8k again, the people that want to see that price either regret not investing in bitcoin when they had that chance or are simply bears that want to see the price to go down that much just because, however with institutional investors now in the market it is unlikely that we are going to see a price that low ever again, because as soon as the price goes down below their average buying price then it makes more sense for them to buy more bitcoin than to sell it for a loss.

How sure are you? Since Covid affected BTC price in march 2020 I've stopped doubting that BTC can't go down to a lower level again, pray that another pandemic won't start again later because if it happens 8k per BTC is highly possible.

Institutional investors that is how, if the price were to drop that much then you can be sure the board of their companies will force them to sell their coins, so how do they avoid that? By buying more bitcoin, institutional investors did not reached that level of wealth by losing money at the first opportunity they get, if they have to manipulate the markets then they will do it, after all they have the money to do so, and if the price goes down to levels they consider dangerous then they will buy all the bitcoin they can, and I am sure that level is way above 8k.

[sonmezmstf1978]

As I said when bitcoin drops to $30,000, it will never drop to $8,000. The reason why I say this so clearly is this; The fact that BTC drops to 8k in this period means that cryptos are history.

[soureden]

If one day BTC drops to $8000, that means: cryptos are pulling out of the market and it means that investors go bankrupt and virtually all that money evaporates.

[Finestream]

If one day BTC drops to $8000, that means: cryptos are pulling out of the market and it means that investors go bankrupt and virtually all that money evaporates.

For me, its on the ironic part. Bitcoin is just giving good opportunities to all who want to enter in the market and take advantage to buy at the deepest dip. However, the market looks it has recovered from its bearish look so this road to $8k will have less chances from happening. But if this is just a bull trap in the end, the market will gradually fall again, thus seeing bitcoin dropping its prices below $30k this time. And if it falls to $8k, i'll take the lead in buying bitcoin.

[Teraboy]

Btc buying activity seems to be weakening to the point where there is uncertainty about the direction of the BTC price going forward, and even though BTC is now at a low level, I'm sure that btc will not fall that deep.

OP needs wait until the next decade to see his price prediction will come true or it will never come. OP created a non sense prediction without even doing any TA and FA. that proves that if so many newbies are only predicting the market based on their own perspective without provide the accurate data or forecast to support it. 8k is a joke from him. Bitcoin potentially to reach another ath again this year, it seems like that people already prepared it.
Bitcoin will never fall to the dip. Bitcoin is stronger than before. I hope that more legal tender will come and this will make the bitcoin can't be taken down.

[Vaculin]

As I said when bitcoin drops to $30,000, it will never drop to $8,000. The reason why I say this so clearly is this; The fact that BTC drops to 8k in this period means that cryptos are history.

And history will always be essential as part of bitcoin's growth. Although history sometimes repeats itself, but i don't think bitcoin this time will fall deeply from $44k down to $8k. But honestly, no matter how strong bitcoin is, and no matter how high its present value, as long as bitcoin remains to be highly volatile, everything is possible in the market. So we should not close our minds totally for that. Bitcoin dominates most of the time, but it has its own fallbacks too. But for now, i only see slim chances for it to happen.

[ymckartal]

I think it is crazy to say that BTC will drop to $ 8000 at a time when there is such a transaction volume. What is your strongest source for this?

[ven7net]

Why not?
Whats your predicts ?

Unfortunately, BTC at $8,000 is currently not a dream come true for everyone. You must understand that BTC cannot suddenly become worth $8,000 just like that, at least good reasons are needed for this, and even if it happens, then the process of falling BTC prices will go smoothly. But still, at the moment there is no reason for such a price for BTC. We will probably now see an increase in the BTC price at least until March 2022, and then we will see.

[JeffBrad12]

Btc buying activity seems to be weakening to the point where there is uncertainty about the direction of the BTC

Yeah i see that. it seems like bitcoin will be going sideways. The uncertainty that happened with bitcoin due to the world war between ukraine and russia. If the war will happen and i think that we will see another drop again. It's not only crypto but stock market is also facing the same thing like this as well. The world war will be giving a lot of impacts. Even when bitcoin does a small correction and altcoin market is going down a lot. We may need wait for another year to come again soon. I personally think that this time is still accumulating time for the long term. The condition in the global market is not good at all. Bitcoin needs more than a miracle or waiting until the condition of global market will be good.

[susuberuang]

I think it is crazy to say that BTC will drop to $ 8000 at a time when there is such a transaction volume. What is your strongest source for this?

There doesn't seem to be a solid source on this and this writer is just relying on his brain to speculate so much that it doesn't make much sense even though anything can happen in today's cryptocurrencies.

[AnisahSiti]

Why not?
Whats your predicts ?

That might be the case, there must be lots of reasons why Bitcoin could fall to $8k. It is possible, in its history, Bitcoin has made unreasonable price increases and decreases, so the prediction of a Bitcoin price decline of up to $ 8k is a fairness of the unnatural movement of bitcoin.

[ANSEL_2.0]

With BTC anything is possible, in 2017 many believe that BTC can't dropped down to 3500$ again from its ATH of 19k well same thing can happen again, history always repeat itself when it comes to crypto but it's just a speculation nothing is guaranteed.

[Kocret02]

With BTC anything is possible, in 2017 many believe that BTC can't dropped down to 3500$ again from its ATH of 19k well same thing can happen again, history always repeat itself when it comes to crypto but it's just a speculation nothing is guaranteed.

Actually there is a little price adjustment every year in Bitcoin, for example like in 2017 with ATH $19K and do you know how much Bitcoin price in 2018 ?
Likewise in 2020 until now where Bitcoin ATH itself has reached more than $65K and the correction price has reached $30K. And this is very natural to happen with Bitcoin.

[jossiel]

With BTC anything is possible, in 2017 many believe that BTC can't dropped down to 3500$ again from its ATH of 19k well same thing can happen again, history always repeat itself when it comes to crypto but it's just a speculation nothing is guaranteed.

As you have said, everything is possible but there's no guarantee.

On 2017-2018 run, the market has wiped out more than 80% from the ATH. And if we're going to compare it today, we already went more than 50% from the last ATH.

As we follow the cycle and likely of 80% of wiping out from this year or so, the lowest possible if the same run will come, bitcoin shouldn't go below $13k if my calculation is correct.

[btc78]

With BTC anything is possible, in 2017 many believe that BTC can't dropped down to 3500$ again from its ATH of 19k well same thing can happen again, history always repeat itself when it comes to crypto but it's just a speculation nothing is guaranteed.

As you have said, everything is possible but there's no guarantee.

On 2017-2018 run, the market has wiped out more than 80% from the ATH. And if we're going to compare it today, we already went more than 50% from the last ATH.

As we follow the cycle and likely of 80% of wiping out from this year or so, the lowest possible if the same run will come, bitcoin shouldn't go below $13k if my calculation is correct.

things that i believe will never happen again, the 2020 pandemic effect is indeed the lowest bitcoin ever reached but remember that the ATH those days is 20k compared to 68k this year and we are still holding to 30-40k this yeat meaning it can go high or at least lowered in 20k the most.
but 8,000? i don't think it is possible  lol.

[Benefactor]

That being said that none knows regarding what will be the cost of bitcoin for the future however it seems appreciate that a recuperation light is showing up in the market at this moment. It can return to the high mid or low 20s and in the most dire outcome imaginable, perhaps 15k however $8000 is an off side, a many individuals will misfortune trust in bitcoin most particularly the very good quality financial backers.