Topic: Another record, this is the 79th day on 2020 in which BTC has opened above 10k. (Read 336 times)

Stability is not bad, but in this case, stability can also lead to a sharp increase in the price. We should wait a bit.

I hope that is the case though, institutional money is flowing and take advantage of bitcoin stabilising at $10k, but how about retail and average joe's? And now that the price goes on a break out to $11k, perhaps those regrets are going to enter the picture again.


That is a conservative estimations, $20k is obviously the next target and then a new all time high. 2021 will be a big year for us, so just continue to accumulate and HODL. And we don't need to be bearish, what's important is BTC is already on the move this month and probably could end the year around $13k-$14k.

Bitcoin is stuck at 10k I think it's an incredible sing for those who are thinking to put cash in digital currency. I am happy to see it however for me the cost is still low.
I want bitcoin to hit at least 18k to 20k which its a genuine cost.
It takes a few times or perhaps a year to reach this rate all we need to do now is give highly patient and hold your bitcoin until next year.

Good sign I suppose, People realize that bitcoin was an answer for them. After look some post above especially Days above 7k there was some improvement with a positive difference every year and now the new roadmap was to become stable on 10k. As you can see 2017 Is indeed was the year Bitcoin reaching ATH but only 1 month, After that year it was increasing to be more stable and i personally confident it will continue till the end of year and reaching new Days Record.

How many days in the row we should expect?
It's hundreds of days while EOS is below 3 usd and this killing me. Looks like to buy a big bag inside ownr wallet was a bad idea.
Maybe at least btc will make me happy

Some information is lost when looking at the data from a specific perspective, if you take a look at the data by day, which you can do by clicking on the post I quoted at the op you will see this broken down by day and we can see a clear tendency, the days above 10k on 2017 and 2018 were basically because of the massive bull run we saw in 2017 and the final stages we witnessed on 2018, then the price remained below 10k until June of 2019 with several instances of the price trying to remain above that level and failing to do so.

Finally during this year the price went above those levels on February just for a few days and it did not began its current streak until the end of July, so I think that what we are seeing is an acceleration pattern, there is still a decent chance we go below the 10k level but if that happens I do not think it will last for long, if I were to guess I will probably say 6 months or less before the price went back above the 10k level.



No problem, and as you can see when looking at a lower level the tendency of bitcoin growing in value over the years becomes even clearer.

Number of days above 7k by year

2017	55 days
2018	177 days
2019	230 days
2020	246 days and counting

Source: https://www.coingecko.com/en/coins/bitcoin/historical_data/usd#panel

Edit: It seems I read your request wrong and instead of the days below 7k I posted the days above 7k, however despite my mistake you can still see the gap getting smaller each year and it is possible we leave the 7k level behind during 2021 or 2022.

I see this new record as a good sign for bitcoin investments. The thing that it strongly stays above 10k, helps bitcoin to gain more trust from investors, thus hodling this asset for a long period of time will pay off. I said this as an personal opinion since this is what my assessments for this kind of events. Even though bitcoin's price currently strong at above 10k and slowly increases, it does not mean that bitcoin will reach new ATH after this. But for for me, I this year bitcoin will drop 10k or even 10k. But who can tell what can happen next?

That's some cool data! So overall, it seems that 2019 and 2020 were pretty great for Bitcoin, even though some significant downward trends were also a thing. But that being said, less than 3 months of a solid price out of 12 is not ideal. And the number of days is not increasing fast over the years. If it were around 20 additional days each year, it would take 4 years or a bit more for the price to be over $10k for just half a year. Do you think that's really the pace Bitcoin price is going to take? I also think it would be useful to pair this data with that of the price being, say, below $7k, to see whether the gap is getting smaller.

it is not surprising. bitcoin bull market started a while ago and this is one of the signs. at the beginning it won't be fast with big rises. every time we start a big and long bull market it starts slowly at first and it can continue that way for a year before we reach the ending months when price shoots up a lot in short then the bubble.

the main sign is that each time we pass a major resistance it becomes one of the strongest supports which has been the case with $10k so far.

another important thing to take away from this is that for the past 79 days that other markets such as stock have been having terrible returns and in many cases got dumped hard even, bitcoin has been stable and solidifying its position.

Excellent friend, if you are absolutely right and hopefully it does not fall below 10K rather follow its upward trend despite the fact that there are many positive fundamentals and even more so that the usability of cryptocurrencies increases more and more, greetings

The times that bitcoin is now is ranging. Such long time of no identified volatile market can simply tell us it is ranging and preparing for movement. At the meantime now selling at $10,631 and with a direction looking for dropping beyond to $10,000 but we can all wait to see how it will pull when it does.

Any chart pattern takes enough time to form. I believe that after the US election ends and the stimulus is released everything will go into orbit again. I predict that the world economy will recover, production and services will return to orbit. Tethers will issue a few more billion dollars, and bitcoin will soon reach ATH in Q1 2021.

Well there are some major events that should have a great impact on the price of Bitcoin while above $10K one of which was the news of Trump contacting Covid-19 immediately that news came out BTC dumped massively but recovered afterward, there was a case of Kucoin exchange hacking, a tweet from Trump yesterday also had an impact on the price dumping to $10500+ still the price is bouncing back, I believed the price will stay above this level till the end of this year i.e more than 79 days is very realistic.

I still can't believe that bitcoin price was below $6000 in March... Cheers to those who invested a lot. Although, I wouldn't invest right now... I think that prices will dump again with the current crisis. We should not forget the stock market that affects cryptos.

Anyway, good job bitcoin. I hope we see a topic with this title in a year:

Another record, this is the 79th day on 2021 in which BTC has opened above 20k.

Well, just like what you said, "that doesn't matter" If Btc stays above $10k or it will go below. The most important thing is Btc  continues to rise each and every year.
Below $10k price doesn't mean a bad thing for investors anyway, specially those who are holding long term as it will open up another opportunity to accumulate more.

It's a good thing to see a table like this to show us data about the price development every year. This might be a good indicator that Bitcoin has still it's low way to go.

So, the last year, 2019, had as much days above 10k as this year, and we still had a dive to below $4,000, despite the seeming bullishness of the market. I really don't see any indicators that could tell that the price will be rising or falling soon, it's still impossible to predict just like it was years ago. Both very high and very low prices are on the table, or maybe this stagnation will continue for even longer.

I'm at the point where I don't need to tell myself that the bull run is coming soon, I'm going to hodl as long as it takes. 1 year, 3 years, even 5 years.

The data differs slightly if we take as a source for the Data CoinMarketCap vs CoinGecko:

2020 -> 78 days with opening 10K or above (as of 06/10/2020. 79 if we count today).
2019 -> 79 days with opening 10K or above (one day more than CoinGecko).
2018 -> 49 days with opening 10K or above (two days more than CoinGecko).
2018 -> 32 days with opening 10K or above (one day less than CoinGecko).

Drop in the ocean in the big picture, but 2019’s record won’t be surpassed until tomorrow by CoinMarketCap’s criteria (all going well).

See: https://public.tableau.com/shared/JYCDYH2H5?:display_count=y&:origin=viz_share_link

This is just one proof that Bitcoin's strong psychological support right now is at $10,000.
I'm not expecting it going below that price though but still there is a chance.

I'm still waiting for signs that Bitcoin will go near the $14,000 again then going higher up to the $20,000 price. Not this year for sure but within the next 2 years maybe .

As the strong support at the $10,000, there is a chance that Bitcoin's price will be above $10,000 for 100 days .
Although I'm optimistic that this will happen, I'm not removing the fact that there is still a chance that it could go lower too.

In my perspective as an investor, I don't care of it. Profit or loss is from entry and exit price, not from historic price or records.

I know OP wanted to show the increase of momentum and is reflected on the new record. As said, choose good entry and make good exit to get profit for your investment. You can not look at records and rely on them to hope for investment profit. You need to take right and determinant actions for your investment and your orders on market.

Bitcoin set up its all time high in 2017 but not many people got benefits from its all time high. Many people got loss because they bought in all time high range and did not take loss. When they decided to take loss, they took it at bottom range. 

I wouldn't give the influence of halvening up for lost. ATHs after halving were never immediate, they took months. I believe that if we have ATH before Christmas it is in part because of the influence of having. Although in a broad sense, as long as it is produced before the next halving, the bitcoin will be following its trend.