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Devh

Will BTC down to $6000

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At this point, I really would not be surprised and the only thing that may end up overriding this is for us to break out from the downtrend channel with a very huge volume from here which does not look like a possibility for now. With the way things are going, I feel we have a last leg to that spot which could possibly lead us to those levels anytime soon before any possible short term reversal which I am gladly looking forward to.

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On 10/24/2019 at 10:36 PM, ashasanga said:

Possibly, but not lower, Bitcoin has been performing well lately and there was an incidence that made of fall to 7500, but seeing the market i see it's about to go up.

I agree with you that $ 7500 resistance is a strong resistance, so I don't think bitcoin will fall lower than $ 7500.  especially now there is a lot of positive news about bitcoin itself.  we must remain optimistic that in the near future bitcoin will rise again.

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14 hours ago, flomopeter said:

The price have been low for some time now, if whales wants to make money they would have to increase the price so they can sell their coins and lot of good things is coming to bitcoin next year that will stop the price from going that low.

The whale can gain profits too if they push the price downward and buy in the very bottom. After that expect a big spike then thats it the whales made a profit.

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10 hours ago, Cryptodigicoin said:

The last time it dropped abruptly lately, it did went as low as 7,000 dollars. With my analysis, it can not go below 6,000 dollars. 

Yes you are right it is impossible that teh price of bitcoin will go to more down like 6000 dollar because the halving coming very soon and it mean the price will be go to more high.


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I do as well because if we really want to look at the way things are presently, it is becoming glaring that history is actually somehow beginning to repeat itself. We still have a long way to go though, anything can change at any time, but for now, we sure are on the track of history.Nevertheless, this does not change anything and we probably are going to be hitting it anyway based on lot of technicalities, so I guess we will have to wait and see how things would evolve.

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On 11/8/2019 at 11:48 PM, xprince1996 said:

The whale can gain profits too if they push the price downward and buy in the very bottom. After that expect a big spike then thats it the whales made a profit.

They have lot of coins now, from all the bearish calling that have been done on the market, if the price keeps going down then the value of bitcoins they have in stock will be diminishing as bitcoin price is dropping, they don't want that.

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1 minute ago, flomopeter said:

They have lot of coins now, from all the bearish calling that have been done on the market, if the price keeps going down then the value of bitcoins they have in stock will be diminishing as bitcoin price is dropping, they don't want that.

Nope those whales have a enormous amount of money. I think some of the whales are the countries that banning crypto for their own benefits using the money of their people to earn easy money.

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1 minute ago, xprince1996 said:

Nope those whales have a enormous amount of money. I think some of the whales are the countries that banning crypto for their own benefits using the money of their people to earn easy money.

They should do but their assets is not infinity and they are careful on how much to invest, cryptocurrency is still a risky business no whale will want to invest all their money into cryptocurrency, they have a budget for cryptocurrency investment that I believe they don't exceed.

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1 minute ago, flomopeter said:

They should do but their assets is not infinity and they are careful on how much to invest, cryptocurrency is still a risky business no whale will want to invest all their money into cryptocurrency, they have a budget for cryptocurrency investment that I believe they don't exceed.

Ofcourse they have always a target. So lets say they want to accumulate a big amount of bitcoin before they pump it they will do everything to reach their target and then after that expect a price spike. Thats how whales work.

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Just now, xprince1996 said:

Ofcourse they have always a target. So lets say they want to accumulate a big amount of bitcoin before they pump it they will do everything to reach their target and then after that expect a price spike. Thats how whales work.

The bitcoin is the more you drop the price the more your cryptocurrency asset in storage lose value, that means after spending money to drop prices you will have to spend more money to raise price and even way more money to get prices to a new price level.

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I don't think about the price of bitcoin that it will go to down 6000 dollar, because now a days its demand is very high and unfortunately if this price will occur in the market of bitcoin then i think it will be a great opportunity for those people who want to buy it on low price.


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On 10/24/2019 at 5:05 PM, Devh said:

As i had been analyzed and see the bitcoin market history is repeating. If we study the charts then we can easily predict that it will go down but History never always repeat. In my honest view, BTC will be down as it was in 2018 but this time it will be its last dump. After this many more projects and awareness is going on peak so this can be examined that in the next year BTC will pump but it will never come below this price which we are getting at this time. 

So we are talking/ BTC will be dump below 6000 dollars very soon. What's your opinion please share !

Bitcoin value cycle is always repeated and the ups and downs we can see through the history of last year, in this management analysis like the trend analysis formula. You should describe technical analysis to strengthen your opinion about the repetition of the value of bitcoin, which part do you mean.

For now I think bitcoin is indeed under correction, and the price range until the end of this year is between $8k - $9k. I think the positive signal is still holding the value of bitcoin to not go down, just waiting for halving.
 

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Still in a bearish and resistance state as it is fighting the barrier from 9k to 7k usd range. Will have a chance to go down as far as 5000 usd by 3% drop every month but will never go beyond it or at least crush to depth. 

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I don't think so. I think In the end of this year butcoin price will cross 10k$. bitcoin price always go down and go up it's not matter. it's only my opinion 

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Price is going up and down always. But I think soon bitcoin will have a bull run and we will see price has gone to $10000. My prediction Isn't will touch $6000 again.    

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Мы все верим и молим, чтобы биткойн поднялся, на случай, если исполнение будет сладким, в идеале оно будет завершено, и есть шанс подняться
 

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It could happen that the price is below US $ 6000. Because there is a FUD, some Bitcoin holders sell Bitcoin so the price will go down so much. But according to my prediction the price of Bitcoin will strengthen or rise slowly at the end of this month, so you don't need to worry and to sell your Bitcoin.

 

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In recent, Tom Lee, ex-Chief Equity Strategist JP Morgan, and Co-founder and head of research of Fundstrat, believes that the break-even cost of mining 1 BTC directly correlates with the price of the cryptocurrency. He believes BTC would grow as he is counting on more institutional investors taking on Bitcoin and a steady increase in Bitcoin user base. He recently said in an interview that US President Trump’s remarks could actually trigger a bull run.

I think bitcoin ups very soon and not down $6000

Source:https://www.google.com/amp/s/coinswitch.co/news/bitcoin-price-prediction-2019-2020-2025-latest-btc-price-prediction-bitcoin-news-update

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3 hours ago, Unfazed said:

Well, if you look at the charts of past years, then Bitcoin has already fallen below 6000 and, I'm sure, will fall again.  that bullish market will come around.

as long as the price of Bitcoin does not fall lower than $ 7400, I will not touch the price of $ 6000 because at $ 7400 there is very strong support.

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5 hours ago, Unfazed said:

Well, if you look at the charts of past years, then Bitcoin has already fallen below 6000 and, I'm sure, will fall again.  that bullish market will come around.

Yeah it is the best catalyst for the next bitcoin bull run if the price will go down below 6000. Also i think it is the method whales will do to accumulate more bitcoin due to incoming bitcoin halving.


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It is possible for Bitcoin fall all the way to $6,000 and even below that, but I don't think It happen any time soon, bitcoin will likely fall to $7000 zone and It will bounce back again.

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On 10/24/2019 at 6:05 AM, Devh said:

As i had been analyzed and see the bitcoin market history is repeating. If we study the charts then we can easily predict that it will go down but History never always repeat. In my honest view, BTC will be down as it was in 2018 but this time it will be its last dump. After this many more projects and awareness is going on peak so this can be examined that in the next year BTC will pump but it will never come below this price which we are getting at this time. 

So we are talking/ BTC will be dump below 6000 dollars very soon. What's your opinion please share !

In order for this to happen first, Bitcoin needs to break the first support of the 8400-8200, if this happens in advance, the doors can be highly open for the bears to drive it towards the are the 6800-6000, it is necessary that No fundamental news of FUD & FOMO appears, but it will continue to shield the 9,000 towards the top, it is only a market cycle but I find it difficult for Btc to go towards the 6,000 at the moment.

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Bitcoin is indeed often an increase and decrease in prices every year, sometimes some speculation from some experts is right, sometimes also wrong.But I'm sure the price of bitcoin won't drop from $ 6000.

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I don't have much idea if Bitcoin prices will go down or not. But it could be. If Bitcoin prices fall, many people get loss. Many people are buying and depositing Bitcoin prices now. I was thinking of doing this too.  if you know anything else let  me  know

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