Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: OptimusPrime on January 23, 2020, 08:53:15 PM
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Analyst: this dire technical formation may spell doom for Bitcoin’s near-term price action
https://cryptoslate.com/analyst-this-dire-technical-formation-may-spell-doom-for-bitcoins-near-term-price-action/
What do you think is going to happen? A lot of analysis out there already concerning the bitcoin price and recently another news came up that the most recent bitcoin movement wasn't far from the same movement in 2018 that pulled the price down to 3k.
I am sure nobody wants this to happen but I don't think we can control it
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I'm not sure the price of bitcoin will touch $3000. It is too far. If the price of bitcoin goes down, it might only touch $6000 - $6500. They will definitely keep the price of bitcoin from touching $6000. Maybe the media wrote the news in order to get many visitors.
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This is just a simple correction mate. For the past week it increase until 9k level right? So expect some pull back and not always green day. Based on the support it is really going down and got some short signal already. If I were you I'll wait for it to go down until 7k and check again the current movement. Dont believe on those fud.
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We all saw what manipulators are capable of, so that everything is possible before the bitcoin halving itself, but I don’t think that bitcoin will fall to 3k$, in general, everyone is already waiting for the growth of bitcoin and with bitcoin halving, bitcoin should start to grow.
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This analysis looks like what steve from cryptocrew university explains. I think 200 daily ma is really crucial for the bull season and i also believe that we are in a bear season. I think the price needs to move down one more time and consolidate over there for a couple of months if we want a healthy bull market in the near future
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again it is just a speculation. No one could guess the price of bitcoin would be. If you are a believer in trading signals, you can follow their calls and be sure to take responsibility about that. bitcoin halving is near. I dont think that we could see 3k levels at the moment.
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Great if the price of bitcoin returns to $ 3000. I can buy it again at a low price before the price gets high again. But based on the graph, it is not possible bitcoin to that price. They already have put up a thick price wall to keep the price from falling.
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Great if the price of bitcoin returns to $ 3000. I can buy it again at a low price before the price gets high again.
For people who don't hold Bitcoins since late 2017, it is okay. But for people who are still holding their assets since late 2017, it will be so hurt. They once again see so bad performance of Bitcoin performance. And they probably give up and get big losses suddenly.
But based on the graph, it is not possible bitcoin to that price. They already have put up a thick price wall to keep the price from falling.
I also think that it is rather impossible. If it really happens because of the whales factor, then investors will hard to believe in Bitcoin investment anymore.
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I don't think we can see another bearish market again, well there is a little chance to happen, but as we can see the movement of the market this January seems is a good sign, high chance we can see bullish market especially there is bitcoin halving..
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What do you think is going to happen? A lot of analysis out there already concerning the bitcoin price and recently another news came up that the most recent bitcoin movement wasn't far from the same movement in 2018 that pulled the price down to 3k.
There are also plenty of analysts that are saying bitcoin will never be that low again and will soon pump. Some are even saying it will break the current ATH at $20K. It would be nice if these "experts" would put their money where their mouth is and bet against once another.
Nobody knows at the moment which group is right or wrong, it's a matter of where YOU think the market will go really.
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Did we saw exact prediction of bitcoin price from the past even until now?
I can't remember. there's nothing to worry about the analysis of bitcoin low price prediction. Although it is good to be prepared but don't allow the prediction to trade your bitcoin.
If the analysis will happen the major affected will be those who bought bitcoin when it was 5k above specifically 10k up.
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At the beginning of new year 2020 bitcoin and Ethereum price is gradually up and all cryptocurrency coins price also covering its green signal. Bitcoin price gradually increasing from 6000 to 8700 in the first month. I am sure that bitcoin will reach the highest position in the running year 2020.
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Nobody can stop the price of Bitcoin because Bitcoin is very natural for the advancement of prices determined by traders.
2018 is indeed far from expectations but I am sure one day it will happen to exceed the 2018 price.
So, many factors for rised up price of Bitcoin ,maybe not this day and very soon price of Bitcoin will be Moon , i'm sure !
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I am sure that bitcoin will reach the highest position in the running year 2020.
We hope it will at the right season. There are more things to happen as we are in the first quarter of the year 2020.
Nobody can stop the price of Bitcoin because Bitcoin is very natural for the advancement of prices determined by traders.
2018 is indeed far from expectations but I am sure one day it will happen to exceed the 2018 price.
So, many factors for rised up price of Bitcoin ,maybe not this day and very soon price of Bitcoin will be Moon , i'm sure !
We are all expectators to exceed bitcoin price and record ATH.
It is good to be true and optimistic. Let us keep our desire for the better part of your cryptocurrency lifestyle.
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Bitcoin and other altcoins are pretty stable for two days so far and I like that it is maintaining its value. So far it is doing well and I really do hope that it won't go down at $10k rate at the end of the year so we could still improvements even if it doesn't reach another ATH again.
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I don't believe in that BTC price again hit $3k like 2018. Market is now more stable that we saw recent days that market moved in 7k to 9k many days and now cross 10k$. So i think if market fall from high rate, it will move from $6k to 8k$ most probably.
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One never knows. It could drop below $3,000 one day, but for now the market is bullish.
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Bitcoin price movement is a good way of getting market more effective and impactable on existing market in future. Many people are reinvested in market due to price movement phenomenon. They assure that something will better in future. They are interested to hold or invest in market. Bitcoin and others corelated cryptocurrency are starting to improve in trading, holding in 24 volumes charts.
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One never knows. It could drop below $3,000 one day, but for now the market is bullish.
If this does really happen in the future, plenty of investors will really bleed crying so I hope not. I do pray that it could reach at least $5k again but I prefer for it to be bullish, not bearish haha.
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I hope it won't too, for the same reasons, but sadly one never knows.
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If we estimate a few days ago, the value of bitcoin was hovering below $8K, but bitcoin is currently hovering around $10K. Right now, green signs are being received, it cannot be said that it will continue but it seems likely.
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I think we actually may see a correction to the downside soon.
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If we estimate a few days ago, the value of bitcoin was hovering below $8K, but bitcoin is currently hovering around $10K. Right now, green signs are being received, it cannot be said that it will continue but it seems likely.
Good to be an optimistic than being negative. :)
We all hopeful to bitcoin rally in order to see it again in Greenfield time that will absolutely help the community to harvest again.
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It formed an impressive pinbar at around $10,500 on the weekly time frame, I think the current rally is over for now.
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Bitcoin prices will be stable between $ 9k - $ 10k for now. You can see that bitcoin is waiting for a big bullish when halving is successful. People are waiting for that moment to be ready to buy bitcoin.
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Let's wait for the halving and see what happens ??? I don't expect anything too positive but it will make a change for sure
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Bitcoin prices will be stable between $ 9k - $ 10k for now. You can see that bitcoin is waiting for a big bullish when halving is successful. People are waiting for that moment to be ready to buy bitcoin.
Well, it is at $8.8k now. I wonder what is happening in the market. Is it manipulation?
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The digital currency market goes through periodic cycles of monetary ups and downs. For example, after surging through all of 2014, the value of Bitcoin dropped quite considerably the following year.One never knows what will happen.
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Well, I think it's safe to say it's rather bullish at the moment.
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The current bitcoin price action is positive and suggesting more upsides in the near term. BTC opening the doors for a steady increase.The most recent bitcoin movement does not signal for pulled the price down to 3k.
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BTC is quite bullish indeed, I wouldn't be surprised if it reaches $10,000.
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Now the uptrend is happening on bitcoin. You should enjoy the process and your profits if you buy at the price of $ 8500. Prices will continue to rise and there is a lot of good news this week.
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You mean in the upcoming week?
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Now the uptrend is happening on bitcoin. You should enjoy the process and your profits if you buy at the price of $ 8500. Prices will continue to rise and there is a lot of good news this week.
I do not see a good rise in the price of bitcoin yet. Its price continues to jump up and down, which is quite normal for him, however, and is evidence of the absence of a bull market. Today, according to CoinMarketCap, the price of bitcoin fell to $ 7,882, and ethereum dropped to $ 201. There has been no such fall in the cryptocurrency market for a long time.
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Contrary to predictions, Bitcoin is falling. By the looks of it, it may drop below $7,000.
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The current situation is difficult to predict how Bitcoin prices move. A few days ago the Bitcoin price fell very sharply. Even the decline occurs one day reaches 25%.
But many traders believe that the impact of the Covid-19 virus is coming to an end. We don't have to be too panicked and still advisable to hold the coins you have.
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Is it coming to an end? The pandemic is growing every day.
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Don't be too pessimistic, it's just analysis, bitcoin isn't weak and won't easily fall in the price of 3k.
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Despite those big crisis from pandemic , there will be a recovery, of that we are certain. It is possible the speed of that recovery may disappoint many looking for quick riches. However, bitcoin and the broader digital asset class is here to stay, wild price swings and all.
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Don't be too pessimistic, it's just analysis, bitcoin isn't weak and won't easily fall in the price of 3k.
You are right. Don't be so afraid, analysis or prediction isn't always true. We have seen that Bitcoin can survive and not falling to 3k. Even the price of Bitcoin is trying to move to $8,000. It is already around $7,700 and not so far from $8,000. So, don't worry, it is even a good sign.
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All predictions on crypto from inception of Bitcoin price so far has not been up to 60 percent accurate; and the all time Bitcoin price crash of $3000 in 2018 was not predicted by any analyst nor forecasted by anybody to that point. It is a known fact that Bitcoin has never been predicted accurately or given a sure results. This should not cause any form of panic because many people had experienced this predictions without any serious outcome. Thanks
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I do not believe analysts as their forecasts are often false and sometimes paid to fool people. Many of those analysts are just doing the analysis, but few are trading. The best analyst is you. Bitcoin is a very manipulative currency and at any moment the price of bitcoin can be reversed and analytics will not help here
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Many of those analysts are just doing the analysis, but few are trading. The best analyst is you
Yep, it means they have small experience in real trading but mostly talking about theory. ;D
I can agree with you as some analysts did what you said. But not all analysts, some of them really know well how to trade and have much experience in trading. However, you are right, we must be smart analyst as well.