10k$ Bitcoin is Very much possible for now! - page 3.

dragon695

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Quote from: Kemarit on May 07, 2020, 08:31:10 PM

Quote from: cafetools on May 07, 2020, 07:54:51 PM

$10k is MOMUMENTAL right now in this covid 19 enviorment! awesome!

Exactly, we may have hit $10k on some exchanges, for all we know. It's monumental because just two months ago, there are a lot of people calling bitcoin's doom and it is not a good investment, hedge in this pandemic, blah blah argument. But look at how it bounce back from that crash as we may be hitting 5 digits prior to the halving even. Of course the price will not go on parabola, but it is a good indication that Bitcoin will still be bullish and it is a good investment even if we have this Covid-19 pandemic. So we will see where will it take us from here.

Yes, it will certainly increase, but buying it now is too risky. The price has increased by more than $ 1k in just 1 day and according to the law of nature, a strong growth will be accompanied by a sharp discount. Although bitcoin halving is about to arrive, we still have to be careful, we won't know when the market will betray us. My point now is to wait for bitcoin to correct to $ 9k3 to buy more.

Kemarit

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Quote from: cafetools on May 07, 2020, 07:54:51 PM

$10k is MOMUMENTAL right now in this covid 19 enviorment! awesome!

Exactly, we may have hit $10k on some exchanges, for all we know. It's monumental because just two months ago, there are a lot of people calling bitcoin's doom and it is not a good investment, hedge in this pandemic, blah blah argument. But look at how it bounce back from that crash as we may be hitting 5 digits prior to the halving even. Of course the price will not go on parabola, but it is a good indication that Bitcoin will still be bullish and it is a good investment even if we have this Covid-19 pandemic. So we will see where will it take us from here.

Baofeng

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Quote from: Twinkledoe on May 07, 2020, 07:57:52 PM

Quote from: cafetools on May 07, 2020, 07:50:53 PM

There will NOT be a big dump, too many people getting interested, too much organic growth right now. Biggest dump will be $700

I am very optimistic also with what's to come for bitcoin the next few days. I don't think it will be dump to 7k again. We already surpassed that level very hard. And after halving, we will know if we can resist to go down again below 10k. But all in all, this is looking good.

We can't really tell at this point if we are going to see a hard dump after reaching $10k. We still have like 3 days, and hitting $10k before the halving will have a psychologically effects to every trader. They might get out and take their profits, just stay in the market and wait till the halving is over before making any decisions. So everything is still up in the open, depends on market sentiments, it they want to continue with this bull run or not.

Twinkledoe

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Quote from: cafetools on May 07, 2020, 07:50:53 PM

There will NOT be a big dump, too many people getting interested, too much organic growth right now. Biggest dump will be $700

I am very optimistic also with what's to come for bitcoin the next few days. I don't think it will be dump to 7k again. We already surpassed that level very hard. And after halving, we will know if we can resist to go down again below 10k. But all in all, this is looking good.

cafetools

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$10k is MOMUMENTAL right now in this covid 19 enviorment! awesome!

thecodebear

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Quote from: cafetools on May 07, 2020, 07:50:53 PM

There will NOT be a big dump, too many people getting interested, too much organic growth right now. Biggest dump will be $700

I could see a big dump. I think it would be short lived. But I could absolutely see it going back to 8000s and taking like a week before it comes back up. Then again maybe it'll go to $12k and then dump to $10k haha who knows. But I would fully expect a correction after pumping from $7000s back to 5 digits.

thecodebear

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Its over $10k now! Back in 5 digits!!!

cafetools

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There will NOT be a big dump, too many people getting interested, too much organic growth right now. Biggest dump will be $700

Distinctin

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A few more steps and we gonna have another break but we shouldn't be amaze to much because dumps will soon to appear as a normal and common scenario. Have we known the reason behind this pump? I hope this is not hype (but probably it is) and riding the trend is not a good idea.
If we are planning to invest this time, we better take a hold and have to wait for the price to slow down. I'd see no difference in the last week market change, after the pump, it bounces back again and feels the halving shows more surprises and see the market more on the way to increase.

$crypto$

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Quote from: snipie on May 07, 2020, 03:00:48 PM

-snip- Price has to stay above $10k and not crash once traders decide it is time to celebrate and sell!! Halving is close and things seems promising Wink

The price will definitely touch $ 10k maybe a few more hours but for me traders will not just sell at the price of $ 10k because they will not panic seeing a situation like this, 3 days more halving will happen again so maybe waiting for that moment to see higher prices .

A slight increase means that bitcoin will be stronger and not just fall.

The Sceptical Chymist

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Lol, I'm looking at that graph, and not being a TA guy, it looks like a bunch of graphical gibberish to me.

But the question is whether bitcoin is going to hit $10k (or when it's going to). If you'd asked me this back in the first couple weeks of March I probably would have said it wouldn't be possible this year--and I think I posted exactly that opinion in at least one thread. When bitcoin started to fall toward $5k as the news started to come out that we were all going to have to go on lockdown, I figured it would have stayed that low for a long time.

Once again I'm surprised by bitcoin's behavior--and yeah, I do think $10k is possible in the next couple of months. It might happen toward the end of 2020, but I'm fairly confident it'll be this year.

royalfestus

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Quote from: exstasie on May 07, 2020, 03:10:06 PM

The price already touched $9,910 by the time you posted this. $10K from here isn't exactly a risky bet. Tongue

The big question now: will the market cut through $10K like a hot knife through butter, like $6K in 2019? Or will it actually provide real technical and psychological resistance?

The cycle still bring caution on what to do with the pump. I wish things change as the space got new adoption and pandemic/global economic down trend shake all market. Most predictions are with caution but everyone is confident that halving precedes the move to bull market.

exstasie

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The price already touched $9,910 by the time you posted this. $10K from here isn't exactly a risky bet. Tongue

The big question now: will the market cut through $10K like a hot knife through butter, like $6K in 2019? Or will it actually provide real technical and psychological resistance?

snipie

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$9803-$9832 in most exchanges right now which is the highest price for a quite long period. Breaking $10k barrier will likely happen in few hours but the most important thing is sustainability! Price has to stay above $10k and not crash once traders decide it is time to celebrate and sell!! Halving is close and things seems promising Wink

Lasky366

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BTC New analysis

We have a higher high for Bitcoin ( XBTUSD ) on the 4H timeframe, bullish momentum is building up.

If this continues, prices can jump.

Closing above the last peak can push prices to our next target.
The next target is marked on the chart at $10,2000 followed by ~$10,500.

Immediate support is found at $9481 followed by $9253.
The $8800 - $9000 price range can be considered strong support on this timeframe.

What is your opinion guys Don't forget to write down below

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