Bitcoin breached $14k today - page 2.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: TravelMug on November 02, 2020, 09:02:22 PM

Yes, the US election is already here, so we will see if this will have a positive or negative effect in the next coming days. But bitcoin is growing, it touches $14k, but some selling off happen, but we have been fluctuating in the range of $13,200-$13,800, so currently the bulls and bears are fighting it out.

So let's see, but I'm optimistic that whoever wins the US election it will have a good effect in the long run, and if we ever see some dips after, it could be just short term effect because of some anxiety. But for sure, bitcoin investors will stay in the market and there could be fresh blood to pump the market so it's going to be another waiting game.

i would be mostly worried about US economy rather than US election since election is jut a short term drama that will pass after a very short time while not to mention that it has no effects on bitcoin. while US economy has a much bigger effect, as they keep printing more money the value of dollar will decline. in fact it may have stayed up artificially due to election drama and tank dramatically afterwards. there are lots of experts that are already predicting a recession for this reason and also the COVID pandemic and its effects on the economy.
all of that will contribute to increasing bitcoin's value. not just the simple devaluation of US dollar but also all the money that comes to be invested in bitcoin due to recession.

Janation

hero member

Activity: 1722

Merit: 528

The price itself proved it.

The price reached $14K and now it slipped back to $13.4K right now. That just means that we can't actually stay in there meaning we still can't take it. I don't know when will it happen again but I guess we will be sticking for some weeks to $13K before we can actually go higher than $14K.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: ?? on ??

it will still take a long time if you want to see bitcoin reach its peak, because it is expected to be next year. This year it will be around $ 15K which will be reached by the end of the year, remember that there is still a long time (2 months) and there may be a fall again. it has happened several times and it is a very profitable short term investment. but quickly that bitcoin will move up again.

The answer will be unknown, but I hope that bitcoin can reach its peak as soon as possible Grin

Bitcoin still has at least 2 months to lift the price to break $15k, but we also have a chance to see another correction at the end of this year, so we need to prepare and ready for anything that can happen with bitcoin. But I hope this end of the year, bitcoin price can break $15k, and if that happens, we can make a nice profit while the new ATH of bitcoin will come soon.
We can not imagine how high the new ATH will happen. But if the bitcoin price can break $19k and touch more than $30k, we can recover our losses.

Yurkov

sr. member

Activity: 1463

Merit: 265

Pepemo.vip

Quote from: ?? on ??

it will still take a long time if you want to see bitcoin reach its peak, because it is expected to be next year. This year it will be around $ 15K which will be reached by the end of the year, remember that there is still a long time (2 months) and there may be a fall again. it has happened several times and it is a very profitable short term investment. but quickly that bitcoin will move up again.

Also, I believe that $15k will be easily achieved to the end this year. Of course, a lot can happen in the next two months or so, but in my opinion a drop below $13k is unlikely.
Let's also not forget that two months in the crypto world is a very long period, so it will not be a surprise for me if we see new ATH this year Wink

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

As I expected, when Bitcoin just ticked on the $14,000 price somebody will post a thread regarding what happened. Cheesy

Lets take note that the $14,000 is the strong resistance of Bitcoin and for sure traders will take profit at that time and possible that there are some shorts or longs that got liquidated. You saw on the chart that it didn't took to long to stay on that price and as of this moment, its price is at $13,400.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: yayayo on November 02, 2020, 02:07:54 AM

I'm a little bit in this post but as you can see today it didn't breach in $14k but for what I've seen and on my own hopes I can see that the Bitcoin's price
will reach $14k and might stay at that point until the end of the year 2020 but still there's a lot of things that may happen in the next few week.

ya.ya.yo!

Yes, the US election is already here, so we will see if this will have a positive or negative effect in the next coming days. But bitcoin is growing, it touches $14k, but some selling off happen, but we have been fluctuating in the range of $13,200-$13,800, so currently the bulls and bears are fighting it out.

So let's see, but I'm optimistic that whoever wins the US election it will have a good effect in the long run, and if we ever see some dips after, it could be just short term effect because of some anxiety. But for sure, bitcoin investors will stay in the market and there could be fresh blood to pump the market so it's going to be another waiting game.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

May not drop at all is not something we can guarantee, it is a big big big possibility that it will drop. The deal is, maybe it will reach to $20k before it starts to drop, maybe it will be $20k tomorrow or a month or 4 months later and meanwhile never drop, however I am almost guarantee that it will be under $13k one day, maybe tomorrow maybe a year from now but it will probably reach there.

I do not see bitcoin staying under $15k forever, I know that it will go over $15k for sure and have no doubt in my mind, at the same time I think bitcoin will also go under $13k as well, I have no doubt in my mind for that neither. This is the bitcoin world we are in, if you want to buy you could buy and still make a profit and if you want to sell you could sell and buy cheaper, both will happen, we just don't know when.

STT

legendary

Activity: 4102

Merit: 1454

I dont take round numbers as a reason for resistance really, obviously the price varies in every country and currency and the point is we are not bound to dollar exclusively. However the price is retracting some or at least testing this resolve to continue upwards and people will sell BTC in cycles normally. We've tested the weekly average 4 times recently which could suggest we will eventually resolve further downwards if momentum should continue to threaten a stall speed and lose altitude. Its not a serious sell just cant say I think it has to go up right now, I think test of support is more probable before we go up.

Just today as I guessed end last week we do test the attitude to sell, it'll be decided as dollar and news items unfold this week. So its a busy schedule for a few days I think, doubts are normal.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: ?? on ??

Quote from: Qcrypto on October 31, 2020, 07:33:40 AM

Just a few hours ago, Bitcoin breached the long awaited $14k checkpoint.

Long did the analysts and evangelists preached about this milestone.
$14 000 is finally upon us. Are we ready to handle it? Is Bitcoin primed to unleash its might upon us?

This has been expected and more to $15,000 is speculated also. Bitcoin has done well for the last month and I expect a continuation maybe till the year ends as we already approached the ending of the year. This is not advising not to guide and do research for better knowledge on investment.

It will break $14k again. I am sure about that.
I think this time, bitcoin will be staying at a price now and wait for another right time to start the rallies. Maybe we are difficult to know that moment, but that time will come and we will see the price start to increase step by step.
It seems that bitcoin needs to take a break for a while because the price does not increase or decrease too deep. But be careful because bitcoin can give a surprise to us.
But the sideways mode might come to us for a few days later if the support is not coming at the market.
Hopefully, that will be only my speculation, but the bitcoin can have more power to lift the price to the high price. We will see what will happen to bitcoin this week.

yayayo

legendary

Activity: 1806

Merit: 1024

I'm a little bit in this post but as you can see today it didn't breach in $14k but for what I've seen and on my own hopes I can see that the Bitcoin's price
will reach $14k and might stay at that point until the end of the year 2020 but still there's a lot of things that may happen in the next few week.

ya.ya.yo!

adaseb

legendary

Activity: 3808

Merit: 1723

Basically it seems like a very easy trade to short the top of June 2019 at $13.8K and most likely what will happen is we will head higher. Make go all the way to $15K before dropping or it might not drop at all.

There are very many people who are calling this the top and it shows on the futures markets. Basically tons of people went short on the initial break of $13.8K and there was a sell off but the selling was overcome by very strong buying. And yet we are still trending higher and higher so I don't think this is the local top.

Maybe if we get a double top again and it fails to break $14K one more time then maybe the bears will have a chance but right now there is just way too much steam to stop this rally.

Assface16678

full member

Activity: 1484

Merit: 136

★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

Quote from: Qcrypto on October 31, 2020, 07:33:40 AM

Just a few hours ago, Bitcoin breached the long awaited $14k checkpoint.

Long did the analysts and evangelists preached about this milestone.
$14 000 is finally upon us. Are we ready to handle it? Is Bitcoin primed to unleash its might upon us?

This has been expected and more to $15,000 is speculated also. Bitcoin has done well for the last month and I expect a continuation maybe till the year ends as we already approached the ending of the year. This is not advising not to guide and do research for better knowledge on investment.

There are already predictions that the market price will be continuously increasing until the end of this year. But the bottomline is lack of assurance. Research sometimes is not enough especially in this industry wherein patterns are not even valid due to the nature of inconcistencies regarding market behavior of not only Bitcoin but also other cryptocurrencies. Much better is to focus on holding and avoid letting go of your investments for now even if the price is already tempting or even if there are doubts that the market could again go crazy. Hold-still.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: samcrypto on November 01, 2020, 05:01:24 PM

Quote from: ?? on ??

This is definitely good news for Bitcoin. Giving my own opinion, the demand for Bitcoin will increase significantly in the next one or two years and its market value will continue to increase gradually.

This is expected to happen considering that many are doing their transactions now through online and some countries are already adopting blockchain technology. Bitcoin was able to hit the price of $14k but it didn’t stay on this level and failed to totally break the resistance, what’s good in the market right now is that, we are still trying to go up and the momentum is still here. I’m too close to my prediction before the year end at the price of $15K and I hope to see that price again.

for now, it didnt stay on the 14k level but sooner or later 14k will just be a history for bitcoin. with increasing adoption and more crypto users on board, the price will slowly climb up. we will not stay on this price range forever, either we go up or we go down. but the possibility of going up is favoured this time. the integration of PayPal and other merchants in their payment system will drive adoption.

there are even top companies publicly claiming that they have bitcoin as their reserve assets. and we dont know the actual numbers here just relying from their statements

https://news.bitcoin.com/here-are-the-top-public-companies-that-have-adopted-bitcoin-as-a-reserve-asset/

samcrypto

sr. member

Activity: 2044

Merit: 314

Vave.com - Crypto Casino

Quote from: ?? on ??

This is definitely good news for Bitcoin. Giving my own opinion, the demand for Bitcoin will increase significantly in the next one or two years and its market value will continue to increase gradually.

This is expected to happen considering that many are doing their transactions now through online and some countries are already adopting blockchain technology. Bitcoin was able to hit the price of $14k but it didn’t stay on this level and failed to totally break the resistance, what’s good in the market right now is that, we are still trying to go up and the momentum is still here. I’m too close to my prediction before the year end at the price of $15K and I hope to see that price again.

STT

legendary

Activity: 4102

Merit: 1454

I'll 2nd that, lows and a trend rising form the base to any proper move.

A different look to this latest move is just a simple rise above the 2 day average. More important is the weekly average below which we kept when selling off from the initial rise. I dont think this move overall has been properly challenged so far to call it strong or weak with proper targets. This next week has a large news event which suggests we do get the shock test to markets generally and also BTC.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

I think the highs are not as important in Bitcoin as lows. It can grow very quickly, even in just minutes, but what is important is what comes after that. Can it maintain the new level, or is it just a short-lived fluctuation? Recently Bitcoin fell to $13k after reaching $13.7k but then recovered back, and I think it's much more important than reaching $14k. If new price levels keep being defended, it means that upwards momentum is strong, and new highs will be reached, with or without sharp spikes.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

The downfall of the price back to $13.7k is understandable, it is a correction that should constantly happen unless we are not ready to break over yet, it is not going to be something that is constant and we are not going to see a big bear run on bitcoin if you ask me. Just because bitcoin price fails to go over a certain price doesn't mean it is falling, it just means that it is not increasing and believe me "not increasing" and "going down" are two very different things.

Of course we are going to see above $14k eventually one day, maybe today maybe tomorrow maybe a week later or maybe later but we are going to see $14k+ without a doubt. However be ready that we could also see under $10k one day as well, maybe it won't happen today or maybe it won't happen anytime soon but under $10k will always be a glooming factor over our heads as well.

Reid

hero member

Activity: 3052

Merit: 651

$14k happened so quick I missed it. Grin

$15k is just so damn hard to reach right now.

I am expecting a $13k to be the bottom when people can now use Paypal as a means of buying Bitcoin.
We all know in this forum most members would not transact by that means but now it is accessible to the real buyers without the middleman or Paypal as the middleman.
$1k up is not that bad. I won't be expecting more to avoid hurting my feelings. Cheesy

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: Gotumoot on October 31, 2020, 07:43:48 AM

Great we are now breaking into $14K mark so are we going to continue on climbing or are we going to go down soon?
Do you think that it would stay at $14K or would it be just the same as it did on $13K it would climb up faster?

Not yet. Reaching to $14k is nearly possible but can't think that we gonna hold that long, dumps can be also at its near right after. If we can see the chart now, the price moves slowly, apparently there is no big change from yesterday. If the trend will keep that improvement, taken for granted that wasn't be reaching high before we end up this year.

I'm not thinking as well that investors will do the rally this time unlike what they did last 2017.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: daarul50 on October 31, 2020, 01:11:34 PM

There a lot more individual and group of financial institution to go into bitcoin coming very soon and boom to reach $50000 looks like not a dream anymore.
It has been 2 years since 2018 the price reached back to $14000 this is insane after we have been through down to $4000 in march, and now we are in strong bullish signal .
This is not a temporary hype. This is a real organic movement.
How confident are you guys riding this moment?

I'm not confident about this

In general, due to the epidemic and the ensuing crisis, it is very difficult to understand the current economic situation. I have the impression that small and medium-sized economic entities suffer and do not have free funds, while large ones, on the contrary, are bathed in money. And most likely it is they who can easily decide which direction the price of most assets, including bitcoin, will go.

Topic: Bitcoin breached $14k today - page 2. (Read 785 times)