So, is it gonna go up or down?
I’d love to hear your thoughts on this.
Honestly, I was thinking it could drop to around 97.5K before we see the next surge.
What’s your take on it?
What’s Bitcoin's next step
19 replies 439 views
for btc/usd, below 100k still looks very cheap to me. i don't think we've seen anything yet for this bull. we reached ath but not much has changed in terms of price.
i think we're solid above 100k. i wish there would be a move up or down, because there's no point in accumulating like this. if i wanted to sell i would have preferred to go up, but it makes more sense to save now. if you are looking for an opportunity to buy bitcoin, buy now.
alex.shardLegendary
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#3Jul 24, 2018, 03:48 PM
With what I am seeing from my chat is that bitcoin may see a very strong support at $100400. You can easily see this from a day candles using bollinga band for the analysis. But may not have weak support as it showed before unless maybe the bear market is about to start but I do not think so. It is just a speculation, I may be wrong. Although $97000 is not yet a weak price but I think bitcoin will be better to stay above $100000 for now.
This topic should be moved to speculation board OP.
After bitcoin price reached a new ATH of 112k, bitcoin price hasn't dip below $100k and $103k+ is the lowest price that we have seen after the price correction. We may/may not see bitcoin price dip t0 $97K+ because no one knows what will be the price movement of bitcoin either it will go up or down. It is good that you don't care much about whether the price of bitcoin will go up or down but to continue buying because bitcoin is a volatile asset and it's a norms for the price to pump and dip.
thank you
anyone else?
AtomicMaxiFull Member
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#6Jul 26, 2018, 09:05 PM
If you speculate on the price of Bitcoin for the short term, there may be a decline, which is what we often see. But if you speculate for the long term, there is no doubt that the price of Bitcoin will definitely increase. If the situation decreases, prepare your funds.
For the long term, Bitcoin will definitely reach a higher price target. Even for this year, we are still optimistic that the price will make a new ATH.
Actually, it looks like bitcoin should not get down below $100k after it rose really high above $100k. Seeing it DIP back to the $90k range is something we can't say it's impossible to happen in the short run but in the long run, we might see a rally that's way above the last ATH we've had in the recent bull run. I'm projecting more on a long term bases and not what will happen within a week or two weeks period. Within the short run, anything can happen and we might see some DIP we normally aren't comfortable seeing but as long as there is going to be a recovering in the long run, that's the main thing that matters most.
My opinion is this, do your own research, bitcoin can be unpredictable, it may fall and rise at any time, you cant precisely say this is where its going and this is where its going to stop, but with enough speculative power, one can be that close to the real circumstance about the market flow, while considering the use of all indications to analyze on the market, by now, you should be well prepared for anything to happen for uptrend or downtrend.
GigaSatoshiFull Member
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#9Jul 27, 2018, 05:33 AM
My speculation for this June is that the price will remain stable at 100k and above it may also fall but if below that number the limit is likely to be only 95k. In the long term it is still uncertain where it will go whether it will go up or down because the tariff war is still ongoing, the US and China as two countries with large economies have not found an agreement and this can certainly affect investor sentiment in the future, stay alert
vault_2009Full Member
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#10Jul 27, 2018, 06:27 AM
But, the recent bottom around $78k levels look like cheaper for the market but I am sure we are not going back up to those zones for now because bitcoin is able to hold above 100k levels for more than 2 weeks of time. So, we can expect a quicker leap toward $120k levels at any time soon. Bitcoin market is right now on sideways trend which usually means that perfect buying zones are going to end soon.
Yeah, $97k level may appear any time but as per market sentiments, it will not hold for sure, quick bounce back will be the highest possibility out of any bear dominance. Still, like OP, I as well speculate about breaching down $100k level before leaping toward a new ATH.
viper_blockSenior Member
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#11Jul 27, 2018, 08:40 AM
Up and down doesn't matter but the matter is how you use this time for your benefit. It could dip to about $97.5k or even lower but that could be up to about $110k. Everything can happen so you need to prepare for anything that can happen.
But I guess the price can be sideway this month and next month will be the thing for the price to increase higher. That is because the price is not down or up too high or too low so I expect this could happen for more. But this situation can change anytime soon so the only thing that we can do is just be ready and prepare.
If you speculate about the price of Bitcoin down at the $97.5K level it is not speculation of the analysis of the current price of $105K - $97.5k only a difference of $7.5k a decline that bitcoin can occur in minutes, it is not a real speculation.
But if you say Bitcoin in the future drops to the level of $ 50-60K, then the market speculation and experts from several sources and factors that can be associated, it makes sense for the current price, I'm sure in 2026-27 if I speculate the price of bitcoin can go down below $ 70k.
On the contrary, I believe that in the long run, bitcoin will definitely continue to rise regardless of how the tariff war between the two superpowers plays out.
Remember when the Russia-Ukraine war broke out? Not only bitcoin but also the stock market is dumping. But over time, the war continued, but both stocks and bitcoin recovered and even grew strongly. Similarly, tariff wars or any geopolitical instability only have short-term or temporary impacts. The market and investors will gradually adapt and no longer care much about it.
As for my prediction for this June, bitcoin price will continue to rise as I believe the Fed will lower interest rates this month.
Based on my analysis, Bitcoin price is on a correction phase, the price migh likely bounce back to $110k or create a new all time high but if it fails to continue a bullish trend, it will dip to $95k and do some ranging before it continues the downward movement or bounce back to $100k+ but if the bearish move is non stop, it will drop to even $88k. Bitcoin price can still go against one's prediction irrespective of how accurate our predictions are, news or an economic event can cause the price to spike or dip more.
Everyone might just say that it could reach lower than $90k and then that's the dip that the others are waiting for. But as long it's not yet getting lower below $100k, if that's the support currently then your price could also be hit in the following days.
I think that the most crucial months are already following on the last leg of how high the next ATH will be. It will try to break the last $111k ATH and then if it's unbreakable anymore, the bear market might come too early since we've got in to the bull quite early last year.
quantumsageFull Member
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#16Jul 27, 2018, 11:23 PM
Still solidly above $100K this is about speculation in mind now, talking about up and down? It will definitely go up.
The $100K low but not breaking down means there is still a chance for bitcoin to continue to rise even if it is a little slow.
There won't be too much speculation, just be optimistic that bitcoin will be bullish.
dave_satoshiSenior Member
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#17Jul 28, 2018, 05:04 AM
The price of Bitcoin is above 100k for almost one month now and that's an indication we might see price crossing 110k and making it to new ATH in coming days. In last 24 hours Bitcoin went down to 100.5k but bounced back strongly to current price of 104k, 100.5k proved to be a good support. Even if price of Bitcoin went down below 100k there is nothing to worry about because we have seen huge corrections after every bull run. What's important to note is that price of Bitcoin will eventually recover in the long run.
c1ph3r_matrixMember
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#18Jul 28, 2018, 06:54 AM
Lets see how things will be, nobody knows the next step that bitcoin is going to take everyone is just making predictions. Bitcoin has been struggling to stay above $100k, and I guess thats going to be possible, bitcoin dropped to $100k recently, but it has bounced back to $104, I dont expect bitcoin to drop less than $100k, from the current price am expecting bitcoin to move upward even if its going to be a gradual process. Thats just my prediction, I might be wrong, just as I said earlier anything can happen, but as a trader, you have to be careful right now.
oracle_satoshiFull Member
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#19Jul 28, 2018, 11:18 AM
Many believe that bitcoin has not dropped to $100k yet, and that is a sure sign that the price will rise but just a little news can reverse the situation at any time.
Bitcoin is too volatile and susceptible to geopolitical and macro news. Even the small civil war within the Trump administration (Trump and Elon) caused the Bitcoin price to suddenly drop, predicting whether the price will increase or decrease in the short term will be really impossible task.
For highly volatile assets like bitcoin, we should look at the long term and not focus too much on the short term. That only distracts us from our long-term goals.
viper_2009Full Member
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#20Jul 28, 2018, 04:48 PM
I wouldnt say its not possible seeing it drop below $100k, but based from its current moves in the market, its more likely to see bitcoin stabilize at $100k, and then just taking some slight moves upward, where it could drop a little or pump a little more.
However, this is just my own speculation. Bitcoin can still surprise us with its unpredictable price moves, it could be skyrocketing all of a sudden or it could dump instantly without us knowing.