My suggestion is not to trust too much with the forecasts of other people, although it's big media like bloomberg that makes predictions. Because no one can accurately predict bitcoin's price, as we know that bitcoin's price is very volatile. Thus, price changes can change suddenly. This makes it hard to predict, all we need to do is regularly analyse the market. So we can expect a sudden change in the price of bitcoin. Nevertheless, in forecasting bloomberg in the near future, there is truth that bitcoin is likely to reach the $10,000 mark. If we see the price of Bitcoin that has started to stabilise at a price of $7200-$7500, this is indeed an indication that Bitcoin is going to towar soon
Topic: Bitcoin back to $10k soon according to Bloomberg? (Read 1952 times)
My advice is not to agree too much with other people's forecasts, although the predictions are made by big media such as bloomberg. Because no one can forecast the price of bitcoin correctly, because we know the price of bitcoin is very unpredictable. Thus, changes in prices can suddenly change. This makes it difficult to predict, all we need to do is analyse the market on a regular basis. So we can look forward to a sudden change in bitcoin price. Nonetheless, Bitcoin is likely to reach the $10,000 mark in the prediction of bloomberg in the near future.
Bitcoin reaching 10 K is easy and can occur in a short time, as Bitcoin can suddenly reverse the situation and also dramatically decrease. And bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of an increase in bitcoin would inspire and be confident that bitcoin will always give a good return in the near future or a long time depending on their patience and faith in bitcoin, the best choice now is to keep it and let bitcoin move as it is.
We need to watch the price very closely because right now it is at a very important resistance level, if it is able to break through that level then the mentality of most investors will become very positive and it is quite likely that we could reach 10,000 during the next days, but if we fail to break away from that resistance level then it is likely the price will begin to go down.And then the question will become, will investors panic? Because if they do then just as we saw this important recovery we could see an important decrease in the price.
Bitcoin reaching 10 K is easy and can occur in a short time, as Bitcoin can suddenly reverse the situation and also dramatically decrease. And bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of an increase in bitcoin would inspire and be confident that bitcoin will always give a good return in the near future or a long time depending on their patience and faith in bitcoin, the best choice now is to keep it and let bitcoin move as it is.
Price being very positive recently which gives alot of hope and positivity to the bulls. Got to look if we have a clear path, I think a natural point for some profit taking could be previous weekly lows in July and August which matches 200 day average
We quite a way past 50 day and even a yearly average so its fairly steady based rise for that 10k 'dream' price. Watch around 9k to 9100 for any reaction I guess.
We quite a way past 50 day and even a yearly average so its fairly steady based rise for that 10k 'dream' price. Watch around 9k to 9100 for any reaction I guess.
With the growth happening with bitcoin and other altcoins taking the price stay above $8000 it looks like gaining strong resistance for the price. Following this there will be high fluctuations but the resistance level won't be broken further to fall low. This means reaching $10000 can take place anytime soon close to the halving days this year.
The price of bitcoin is currently above 8700 dollars and it doesn't seem as if it is going to stop, we could reach 9000 dollars today or even tomorrow but that is going to depend on the expectations that people have out of this market, if people really believe that there is going to be a huge recovery before the halving and enough of them act upon those beliefs then it is entirely possible that we are going to see a price of 10,000 before the halving.But if they are afraid that the price of bitcoin could crash at any moment and they do not buy bitcoin when they should then most likely the price that we are seeing is not going to be able to be maintained and the recovery that we are experimenting right now could evaporate.
With the growth happening with bitcoin and other altcoins taking the price stay above $8000 it looks like gaining strong resistance for the price. Following this there will be high fluctuations but the resistance level won't be broken further to fall low. This means reaching $10000 can take place anytime soon close to the halving days this year.
Bitcoin reaching 10 K is easy and can occur in a short time, as Bitcoin can suddenly reverse the situation and also dramatically decrease.
And bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of an increase in bitcoin would inspire and be confident that bitcoin will always give a good return in the near future or a long time depending on their patience and faith in bitcoin, the best choice now is to keep it and let bitcoin move as it is.
It may seem easy for bitcoin to reach 10k but that is only because of two factors, first of all the recent recovery that we experimented is still very close and we have the belief that may happen again an also the price is relatively close to 10k and it will only need for it to grow a few thousands of dollars for that to happen.And bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of an increase in bitcoin would inspire and be confident that bitcoin will always give a good return in the near future or a long time depending on their patience and faith in bitcoin, the best choice now is to keep it and let bitcoin move as it is.
But the circumstances of this market change relatively quickly and at the moment the chances of reaching 10k anytime soon seem to be very low, it seems we are in an accumulation stage and everyone wants to buy bitcoin but they do not want to pay too much for it and that is what causes the ups and downs we see in the market.
If everybody will buy bitcoin now, this is their best time to accumulate more quantity and don't wait until its too late. The market has been behaving so unpredictable and unstable, no one can exactly put a prediction so certain because of volatility. Ups and downs of the market always count on for different reasons, we can't rely on just one factor but always bear in mind the frequency of the market trend.
Right now bitcoin is slightly below 8000 dollars and there is the possibility that many of those that are bullish about bitcoin are not buying right now because they want to see bitcoin going back to 7500 dollars before they buy again.
That will be a good start for the grassroots of the digital currency. Many people have been speculating upward trends in the year 2020 and I cannot agree less to this assertion. Let see what will happen before the halving as it is a very key factor here.
Bitcoin reaching 10 K is easy and can occur in a short time, as Bitcoin can suddenly reverse the situation and also dramatically decrease.
And bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of an increase in bitcoin would inspire and be confident that bitcoin will always give a good return in the near future or a long time depending on their patience and faith in bitcoin, the best choice now is to keep it and let bitcoin move as it is.
It may seem easy for bitcoin to reach 10k but that is only because of two factors, first of all the recent recovery that we experimented is still very close and we have the belief that may happen again an also the price is relatively close to 10k and it will only need for it to grow a few thousands of dollars for that to happen.And bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of an increase in bitcoin would inspire and be confident that bitcoin will always give a good return in the near future or a long time depending on their patience and faith in bitcoin, the best choice now is to keep it and let bitcoin move as it is.
But the circumstances of this market change relatively quickly and at the moment the chances of reaching 10k anytime soon seem to be very low, it seems we are in an accumulation stage and everyone wants to buy bitcoin but they do not want to pay too much for it and that is what causes the ups and downs we see in the market.
If everybody will buy bitcoin now, this is their best time to accumulate more quantity and don't wait until its too late. The market has been behaving so unpredictable and unstable, no one can exactly put a prediction so certain because of volatility. Ups and downs of the market always count on for different reasons, we can't rely on just one factor but always bear in mind the frequency of the market trend.
Price seems to be acting positively here in a slow steady way. Not sure I'm impressed yet, clearly the price has not moved much distance but over time volume is occuring and it will accumulate positively for as long as we can stay above the 50 day average.
Positive looking action, bit like a staircase is how I think it looks when doing this. Its a long way to 10k, but a journey of a thousand miles begins with a single step.
Positive looking action, bit like a staircase is how I think it looks when doing this. Its a long way to 10k, but a journey of a thousand miles begins with a single step.
I'm not sure how relevant this prefiction is. We have to many fake Bitcoin experts and fake Bitcoin news so sometimes it's better to ignore them.
10000$ isn't impossible although from current position it seems not so easy to achieve but I don't think that will happen so soon. It might happen that we will not see that price within the first three months of this year.
10000$ isn't impossible although from current position it seems not so easy to achieve but I don't think that will happen so soon. It might happen that we will not see that price within the first three months of this year.
Bitcoin reaching 10 K is easy and can occur in a short time, as Bitcoin can suddenly reverse the situation and also dramatically decrease.
And bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of an increase in bitcoin would inspire and be confident that bitcoin will always give a good return in the near future or a long time depending on their patience and faith in bitcoin, the best choice now is to keep it and let bitcoin move as it is.
It may seem easy for bitcoin to reach 10k but that is only because of two factors, first of all the recent recovery that we experimented is still very close and we have the belief that may happen again an also the price is relatively close to 10k and it will only need for it to grow a few thousands of dollars for that to happen.And bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of an increase in bitcoin would inspire and be confident that bitcoin will always give a good return in the near future or a long time depending on their patience and faith in bitcoin, the best choice now is to keep it and let bitcoin move as it is.
But the circumstances of this market change relatively quickly and at the moment the chances of reaching 10k anytime soon seem to be very low, it seems we are in an accumulation stage and everyone wants to buy bitcoin but they do not want to pay too much for it and that is what causes the ups and downs we see in the market.
Given that $6,500 held support in December, I wouldn't rule out $10K in 2020 at all personally. Even if we do go a little lower beforehand.
~~~~~~But, as always, the next news in the information space can be charged with the situation, which always negatively affects the cryptocurrency market and cryptocurrency pricing.
All this news is used for speculation on the volatile crypto markets, there is no reason to keep hopes at a high level. In my opinion:
The news=Excuse for pump/dump
The time of news=The exit point for speculators
The FUD about the expected result of news= The elimination process of weak hands aka inexperienced traders
After news: Dump the orders placed by news traders after watching the event.
~~~~~~But, as always, the next news in the information space can be charged with the situation, which always negatively affects the cryptocurrency market and cryptocurrency pricing.
All this news is used for speculation on the volatile crypto markets, there is no reason to keep hopes at a high level. In my opinion:
The news=Excuse for pump/dump
The time of news=The exit point for speculators
The FUD about the expected result of news= The elimination process of weak hands aka inexperienced traders
After news: Dump the orders placed by news traders after watching the event.
The countdown for halving have been begun long ago, market is predicted to give a hard price pumping this year. To the expectation there is no big movement forward. Probably this is an indication of price pumping for the falling weeks. Last year there is no halving and no big event, the growth started from the second quarter and gave a reach as high as $14000. This time we've got more special events to fall one by one with bitcoin and other cryptocurrencies. This way reaching $10000 can happen anytime soon.
All this news is used for speculation on the volatile crypto markets, there is no reason to keep hopes at a high level. In my opinion:
The news=Excuse for pump/dump
The time of news=The exit point for speculators
The FUD about the expected result of news= The elimination process of weak hands aka inexperienced traders
After news: Dump the orders placed by news traders after watching the event.
"Buy the rumor Sell the news"
We can really utilize things on our end and make decisions and analysis on our own.Listening on others sentiments isnt that bad
but you should always had that own analysis of yours when it comes to your decisions.
The countdown for halving have been begun long ago, market is predicted to give a hard price pumping this year. To the expectation there is no big movement forward. Probably this is an indication of price pumping for the falling weeks. Last year there is no halving and no big event, the growth started from the second quarter and gave a reach as high as $14000. This time we've got more special events to fall one by one with bitcoin and other cryptocurrencies. This way reaching $10000 can happen anytime soon.
All this news is used for speculation on the volatile crypto markets, there is no reason to keep hopes at a high level. In my opinion:
The news=Excuse for pump/dump
The time of news=The exit point for speculators
The FUD about the expected result of news= The elimination process of weak hands aka inexperienced traders
After news: Dump the orders placed by news traders after watching the event.
The countdown for halving have been begun long ago, market is predicted to give a hard price pumping this year. To the expectation there is no big movement forward. Probably this is an indication of price pumping for the falling weeks. Last year there is no halving and no big event, the growth started from the second quarter and gave a reach as high as $14000. This time we've got more special events to fall one by one with bitcoin and other cryptocurrencies. This way reaching $10000 can happen anytime soon.
After many days I can agree with a prediction because this prediction really makes sense! Right now Bitcoin price is 7400+ USD, the next target is 10K USD which is Bloomberg predicted, but in 2020, Bitcoin price should cross the 15K USD zone to have a bull run in 2021!
I expect some 16k$ price action before the halving with a significant drop down before it. Let's wait and see I suppose.
Many people predict a pump months before the halving but are they right? So far this prediction by Bloomberg is not fulfilling and there are no sins of a big pump. The 9k Level is a strong resistance even if we were to hit it now we'd probably get rejected once again. I guess there's no catalyst that would make ups move forward like that positive news from China months ago.
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