Quote from: liseff3 on October 12, 2017, 02:09:19 AM

Quote from: Stellina on September 29, 2017, 12:18:58 AM

Hi guys! What do you think, will bitcoin fall to $ 3000 in the near future?

No, not up to $ 3000!
Overall bitcoiners are either not happy about the price drop.
Downward movement reflects a general decline in the cryptocurrency market.
The price of BTC is struggling to stay above $4K, and current technical indicators are showing the bear run may not be over.

I know that you wrote this before we blasted through $5k, but I would say that at least in the shorter term, things changed when we broke above $4500 a couple days ago as right below that level was where things started to crash from the China issues. A quick run to test $5k made sense, and the breakout today also made sense, IMO. As I think the market may be driven right now by people wanting to hoard as much BTC as possible before the bitcoin gold fork in a couple of weeks (if it happens), I think we might go much higher than the current ~$5300 over the next week or two. In any case, it was great to see a decisive break of the $5k level. While anything is possible, the move's strength would seem to suggest that this was not a false breakout.