20K by March, A positive Look at the market. - page 3.

dunfida

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Quote from: mikeywith on October 09, 2019, 07:12:10 PM

5-A retest of the 0.5 level (9900$) > unknown but must happen this month
6-A steady move to ~~ATL~~ ATH in 5 months > unknown

I do only focus out with these short term points. 9900 should be on this month? 13 days left for that thing to happen.
We are dipping now again below 8k price which i do see some good entrance if it would hit up 7800.

Point 6, ATH in 5 months is achievable imho but there would be some factors needed for us to reach that range once again.
Im not too negative with the future but those points above is considerable.

exstasie

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Quote from: beerlover on October 15, 2019, 01:46:01 PM

$20k by march would only happen under one condition. The halving gets close and miners stop selling their coins.

That's an oversimplification of Bitcoin's supply dynamics. You're overstating the importance of mining supply since nearly 86% of the supply has already been distributed.

It's simple. Two things would need to happen to reach $20K again. Sellers need to stop selling (drying up the global ask side) and demand needs to increase. Why might that happen? Because the market may begin pricing in Bitcoin's increasing stock-to-flow ratio. An extrapolation of this historical metric puts us at $90,000 post-halving: https://www.ccn.com/top-german-bank-predicts-bitcoin-to-hit-90000-after-halving/

From that angle, $20K by March sure looks possible to me.

bitbunnny

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Wishful thinking or prediction that could come true? To my opinion 20000$ Bitcoin price isn't very realistic to achieve in relatively short period of time. Looking back at the market conditions and current situation I don't see any indicators that would push the price into that direction.
Although everything is possible when it comes to Bitcoin I think that at the moment we have to accept the fact that even going back to 10000$ would be a success.

beerlover

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$20k by march would only happen under one condition. The halving gets close and miners stop selling their coins. Do you realize how much money that would mean if miners stop selling their coins?

We are talking about 15 million dollars a month, so if they stop then there would be less sell pressure on bitcoin and buyers will continue buy like nothing changed at first but since the sellers are gone those buyers would increase the price of bitcoin, when it increases it will break a resistance and when that happens people all start to buy which means a bull hype and the price would increase even more.

We could break all resistance points until $20k and reach there as long as enough people join in to buy and miners stop selling and not sell until it reaches $20k, the moment they start to sell again we won't be going any further up.

Ctn

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A very optimistic approach about bitcoin and that too backed by some concrete technical analysis. I think you are right BTC can't be cheaper than $3200 as per the Ichimoku Cloud. Also I think we need a golden crossover once again for BTC to ignite the spark of BULL run currently there is a lot of floating momentum. Let's see on which side the market ends in around 3 months.

magneto

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When you zoom out over the long run, this bearish downturn doesn't look as scary anymore, does it?

I think the main issue right now is that people are too fixated on the fact that short term sentiment is bearish, and that they're not seeing immediate returns on their investment - which kind of feeds into the bearish cycle since weak hands start dumping their positions.

But over the long run, we have clearly defined market cycles which bitcoin has followed countless times. I do think that $8k will serve as a viable support for BTC to rebound off. Overall, fundamentals have stayed the same, if not drastically improved through LN, even. There is no reason for the ATH not to be broken as we approach halving once again.

monineklutak

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Quote from: exstasie on October 14, 2019, 04:42:53 PM

Quote from: pereira4 on October 11, 2019, 05:23:21 PM

I don't see how it's that bit of a stretch, Im calling $3k as a possible final bottom, breaking the double bottom a bit, so going lower than the last December 12th's last bottom, this would mark the end of the bear market for a perfect go-all-in opportunity.

I don't think it would be a buying opportunity at all. We've been trading at much higher levels, trapping bulls for almost a year if that happens. So in my opinion there's no chance of a double bottom at $3K. If the market goes there, we're going much deeper.

If you're a long term bull you really don't want to see the $3,000s again.

everyone wants the price of bitcoin not to fall back to $ 3000, that's for those who have bitcoin, Grin

but if they don't have it that's exactly what they want, according to experts who made this thread Bitcoin stepped forward and Bull started, this is very good,
so who owns bitcoin might be able to hold it! Cool

Wexnident

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Great chart and analysis! A lot of people are really expecting bitcoin to pump into 20k once the halvingbstarts in 2020 and their not to blame though cause there really is a chance for that to happen. After the first and second halving, the bitcoin prices suddenly pumped within a year of that halving.

Quote from: Upgrade00 on October 11, 2019, 02:23:31 PM

Quote from: jostorres on October 11, 2019, 01:18:55 PM

I think that after the bull run, it is possible that bitcoin rises to about $35k while some altcoins like Ethereum will actually follow bitcoin behind too and then witness their last all-time high, but I think the last all time high of some altcoins are what will be witnessed again and nothing more.

The real question is when that bull run would come? The market has slowed down incredibly over the past weeks and has entered the previous state of lethargy that we experienced earlier this year.
The market value has been dwindling within a certain range with no signs of a break out.
I do not support the assumptions that altcoins would be dying any time soon, there is lots of potential in the market if the right developers key into the market, and the existing projects are upgraded often

It could be called the calm before the storm though? The market last last week was at around 7500$ but we saw changes and currently it stands at 8k$ so that's a good start right? Besides, Q4 just started so we could expect pumps by the end of it.

exstasie

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Quote from: pereira4 on October 11, 2019, 05:23:21 PM

I don't see how it's that bit of a stretch, Im calling $3k as a possible final bottom, breaking the double bottom a bit, so going lower than the last December 12th's last bottom, this would mark the end of the bear market for a perfect go-all-in opportunity.

I don't think it would be a buying opportunity at all. We've been trading at much higher levels, trapping bulls for almost a year if that happens. So in my opinion there's no chance of a double bottom at $3K. If the market goes there, we're going much deeper.

If you're a long term bull you really don't want to see the $3,000s again.

El duderino_

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^
I do think the real HODLers could easily continue there HODL, as I do think those that bought at 2017 would already sold, the ones that where thinking WTF its to low anyway also sold already and if not then why would they be bothered.....
I think its a flawed opinion here.... If it drops then I guess its not cause of a few 2017 buyers who probably all bought smaller amounts of coins anyway, I think the real dumbasses are out already, if its would be some-kind of whale game trying to push us down.... MAYBE.... but then again I think DIPS would be bought faster as you think by new stronghands and HODLers.
I have no opinion thought where we are now but I refuse to believe if we go down thats it because of that particular group of people you are saying...

pereira4

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Quote from: BitHodler on October 11, 2019, 03:56:12 AM

Quote from: buwaytress on October 10, 2019, 01:37:00 PM

9900 must happen this month -- I agree, else we'll say hello to 6k again.

"must" lmao....

In all seriousness, the market just needs to flush out a lot of weak hands and traders with profitable positions. I am currently stacking up fiat preparing for a $5-$6k visit. I don't often get bearish, but now I rightfully am.

Realistically speaking, $5k is a bit of a stretch, but with how irrational the market is a $5k flash wick might be a great (possibly once in a lifetime) opportunity to enter the market at such lower levels.

After all, it's Bitcoin that we're talking about---pumps and dumps have happened for nearly a decade so don't expect the market to suddenly behave differently. People also thought the market changed last year and paid the price for it.

I don't see how it's that bit of a stretch, Im calling $3k as a possible final bottom, breaking the double bottom a bit, so going lower than the last December 12th's last bottom, this would mark the end of the bear market for a perfect go-all-in opportunity. Chances of this may be lower than I would like tho. Maybe im biased and deluded because I missed that bottom, but I still see within the realm of possibility. Something in me tells me that we haven't seen enough pain yet. A final shakedown to $3k ish would put the nail on the coffin for all the clueless people that entered Bitcoin during 2017, wheter it is CNBC boomers or milllenial lambomoon guys. Those need to be deprived of any hope, then, we go all in and ride the Halving rollercoaster to $100k as it aligns with the brewing global crisis in all things fiat.

Upgrade00

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Quote from: jostorres on October 11, 2019, 01:18:55 PM

I think that after the bull run, it is possible that bitcoin rises to about $35k while some altcoins like Ethereum will actually follow bitcoin behind too and then witness their last all-time high, but I think the last all time high of some altcoins are what will be witnessed again and nothing more.

The real question is when that bull run would come? The market has slowed down incredibly over the past weeks and has entered the previous state of lethargy that we experienced earlier this year.
The market value has been dwindling within a certain range with no signs of a break out.
I do not support the assumptions that altcoins would be dying any time soon, there is lots of potential in the market if the right developers key into the market, and the existing projects are upgraded often

jostorres

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I believe that bitcoin does not follow the trend as they all have their own different factors at different time that will be responsible for the growth of bitcoin at that particular time. I believe in the growth of bitcoin for next year and I believe so much in this figure again, but I really do doubt if it will be possible to witness this price before the halving.

The next factor that will really make way for this increase again is the halving, after which the price may even grow above the $20k speculated. I think that after the bull run, it is possible that bitcoin rises to about $35k while some altcoins like Ethereum will actually follow bitcoin behind too and then witness their last all-time high, but I think the last all time high of some altcoins are what will be witnessed again and nothing more.

FlamingFingers

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Nice chart, I'm also having a positive mind about the market going upthrend movements in beating it's previous all time high, hopefully bitcoin movements follows your chart, before halving I am optimistic about the price reaching $20k

exstasie

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Quote from: BitHodler on October 11, 2019, 03:56:12 AM

Realistically speaking, $5k is a bit of a stretch, but with how irrational the market is a $5k flash wick might be a great (possibly once in a lifetime) opportunity to enter the market at such lower levels.

Sure it's possible, but don't be too greedy waiting for it. I often look for a high volume capitulation to indicate bottoms in BTC but it's important to note there have been major historic bottoms (like July 2013) that ended not with a bang but a whimper.

It's possible we quietly bottom on low volume (or already have) and just gradually start sliding upwards again. Those are the most frustrating sorts of bottoms for shorters and can lead to some impressive squeezes.

enhu

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The sooner it will happen the better. When support lever turns resistance every time there is a breakout, its a positive indicator that there prices will be better. 2020 must be the year where we see btc hit the ATH once again. just wish I have more time to acquire more BTC actually in order for me to at least have some more funds to either buy some altcoins that I think will also go up.

dark08

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Thanks for the technical analysis OP if this happen by march most people will be happy but always consider the volatility of bitcoin I always look for two scenario one for bullish and other for bearish.
I just hoping this will happen sooner but right now bitcoin suddenly on bearish trend.

vintages

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I always have a positive outlook on the price of Bitcoin, so I always see a price increase even when there is a dump.

I am personally looking at a price of 25k by March but looking at the recent price with your analysis OP, I think a price of 20k is what might come.

buwaytress

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Quote from: BitHodler on October 11, 2019, 03:56:12 AM

Quote from: buwaytress on October 10, 2019, 01:37:00 PM

9900 must happen this month -- I agree, else we'll say hello to 6k again.

"must" lmao....

In all seriousness, the market just needs to flush out a lot of weak hands and traders with profitable positions. I am currently stacking up fiat preparing for a $5-$6k visit. I don't often get bearish, but now I rightfully am.

Realistically speaking, $5k is a bit of a stretch, but with how irrational the market is a $5k flash wick might be a great (possibly once in a lifetime) opportunity to enter the market at such lower levels.

After all, it's Bitcoin that we're talking about---pumps and dumps have happened for nearly a decade so don't expect the market to suddenly behave differently. People also thought the market changed last year and paid the price for it.

Was only quoting OP, why the lols =p but anyway, yeah, it was an expression for a speculation thread, surely people are allowed to make some predeterminations Wink

I have always wanted this flush to happen, or the purge as I have been calling it. I was in this regard rather disappointed when after the near 3k low, Bitcoin surged all the way back to past 13k. So of course weak hands git stronger and people went right back into hype mode. Ah well!

@lionheart today was some kind of half hearted push for a breakout!

BitHodler

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Quote from: buwaytress on October 10, 2019, 01:37:00 PM

9900 must happen this month -- I agree, else we'll say hello to 6k again.

"must" lmao....

In all seriousness, the market just needs to flush out a lot of weak hands and traders with profitable positions. I am currently stacking up fiat preparing for a $5-$6k visit. I don't often get bearish, but now I rightfully am.

Realistically speaking, $5k is a bit of a stretch, but with how irrational the market is a $5k flash wick might be a great (possibly once in a lifetime) opportunity to enter the market at such lower levels.

After all, it's Bitcoin that we're talking about---pumps and dumps have happened for nearly a decade so don't expect the market to suddenly behave differently. People also thought the market changed last year and paid the price for it.

Topic: 20K by March, A positive Look at the market. - page 3. (Read 960 times)