Topic: Bitcoin can fall up to $9k or rise up to $17k - which one will happen. - page 2. (Read 633 times)
August 26, 2020, 10:39:19 PM
As everything is going, anything can happen, this is the interesting thing about this world, volatility does its part, I think there is a very good injection of money into the market, there are more investors entering, the movements have occurred with a considerable volume, whatever person can say that everything is ready for a new ATH, but it is better to wait and buy what you can, at this moment the smartest thing is Hodl.
August 26, 2020, 12:44:19 PM
According to the figures for the past year, bitcoin has already shown almost 92% of the income for its owners, which is several times higher than the indicators of other assets.
If we based that from this figure then it's right. Bitcoin holders are gainers from the past year as we
do see continuous growth and positive movement.
But today, most analysts predict income up to 100 percent or more, and this will happen in the first year after halving 2020. In addition, one must take into account geopolitical risks and even the US presidential election.
We do need those information and analyze how it might effect the current trend, we need to base
our decision coming from facts that really affects the market.
The fact that Bitcoin rose more than $ 12,000, and today dropped to $ 11,450, is just a small correction in the market.
Bitcoin still holding and trying to regained, not an easy task to analyze but it is indeed needed to
keep you moving forward.
August 26, 2020, 10:51:48 AM
ill try to be honest this time and i will say that btc can fall back to 9k usd . thats more possible than hope'ing for btc to reach 17k usd , that is we expect for short term results but for long term expectations , 17k usd is still possible .
bitcoin already slipped at 11.2k usd but the price hold on and returned , then it falls back a little but not yet to the point that it lay around 9k usd
Bitcoin can retrace the path down to $9k and because of the selling pressure we can see it go even lower to the $8k levels. The chances of the price even getting above $14k is pretty less and I believe there can be a recheck of the resistance now and if that also fails then there would be a dip in the price of bitcoin but not that deep, just a small one and from then onwards for me it will get confirmed that the bull market is over and I have to do a few arrangements to my accounts.bitcoin already slipped at 11.2k usd but the price hold on and returned , then it falls back a little but not yet to the point that it lay around 9k usd
But today, most analysts predict income up to 100 percent or more, and this will happen in the first year after halving 2020. In addition, one must take into account geopolitical risks and even the US presidential election. The fact that Bitcoin rose more than $ 12,000, and today dropped to $ 11,450, is just a small correction in the market.
August 26, 2020, 09:07:56 AM
ill try to be honest this time and i will say that btc can fall back to 9k usd . thats more possible than hope'ing for btc to reach 17k usd , that is we expect for short term results but for long term expectations , 17k usd is still possible .
bitcoin already slipped at 11.2k usd but the price hold on and returned , then it falls back a little but not yet to the point that it lay around 9k usd
Bitcoin can retrace the path down to $9k and because of the selling pressure we can see it go even lower to the $8k levels. The chances of the price even getting above $14k is pretty less and I believe there can be a recheck of the resistance now and if that also fails then there would be a dip in the price of bitcoin but not that deep, just a small one and from then onwards for me it will get confirmed that the bull market is over and I have to do a few arrangements to my accounts. bitcoin already slipped at 11.2k usd but the price hold on and returned , then it falls back a little but not yet to the point that it lay around 9k usd
August 26, 2020, 04:34:29 AM
ill try to be honest this time and i will say that btc can fall back to 9k usd . thats more possible than hope'ing for btc to reach 17k usd , that is we expect for short term results but for long term expectations , 17k usd is still possible .
bitcoin already slipped at 11.2k usd but the price hold on and returned , then it falls back a little but not yet to the point that it lay around 9k usd
bitcoin already slipped at 11.2k usd but the price hold on and returned , then it falls back a little but not yet to the point that it lay around 9k usd
August 26, 2020, 04:31:58 AM
The word can depends on the scenario, when we have a pandemic and there was massive crash that situation offers a possibility of a big crash so far the possibility that Bitcoin can dip $9k is more remote than Bitcoin reaching $17k because things are moving fine now we have a lot fo buzz around like DeFi people switching their investment to Crypto.
August 26, 2020, 03:58:10 AM
17 grand seems like a kind of meaningless figure to me. I would've thought the space between 14 or whatever the previous high was and the ATH is open country.
That's why $17K is as good of a guess as $15K or anything else in that range. I'm pretty confident we'll get a brutal (35-40%) correction somewhere north of $14K and south of $20K, but there's really no obvious technical resistance to point to. We'll just have to wait and watch momentum, and be on the lookout for a failure.
August 26, 2020, 01:50:26 AM
According to this Cointelegraph article (link below) Bitcoin prices have the potential to reach either up to $17k levels or fall back to $9k levels, and it all depends on whether bitcoin prices can breach the $12k level mark or no, because if bitcoin prices manage to breach those levels then it has the potential to rally upwards and reach up to $17k levels.
Either of the 2 mate will favor me,i have been holding my Bitcoin until now so if this reach $17,000?i am one of the most happy investor then.But also if the price fell down to $9,000 again>then i have another capital to re invest and add to my holdings.
Quote
However it’s pertinent to note that if bitcoin prices slip from the support level of $11.2k, then there’s a high probability of bitcoin prices slipping back to $9k levels.
We must be ready then mate because we knew that correction or some dumps will happen before the 4th quarter starts.Quote
Lastly I know that it’s really difficult to predict where bitcoin prices may head, but what are you’ll opinions on this article and which prediction do you think we will witness in the short term?.
Source:
https://cointelegraph.com/news/bitcoin-price-risks-dropping-below-10-000-if-this-support-level-fails
Of course i am looking for the Hype and that is $15,000 and up but I', also ready id the fall happens this is why i am neutral about the situation. Source:
https://cointelegraph.com/news/bitcoin-price-risks-dropping-below-10-000-if-this-support-level-fails
August 26, 2020, 12:25:56 AM
I keep repeating it, and I'll keep repeating it -- over the long term bitcoin will not be able to sustain prices above $10k. We'll be back under before the end of the year. Probably bounce around for years while generally moving down toward $1k. Clear as daytime light.
that's true you keep repeating the same bullshit on each cycle and just change the number. you did the same in 2015-2016 at the beginning of the bull run saying it is and i quote "confirmed fact that bitcoin will continue its historical down trend" while price was rising towards breaking the previous ATH and continuing to the new one, exactly like today.
you repeated the same thing in 2013, 2012,... and basically each time the rise is starting
August 25, 2020, 11:42:57 PM
What happens to bitcoin movement is normal and now bitcoin price is around $ 11,300 after dropping a bit, it looks like the current bitcoin price will tend to be around $ 11,000 and but there is a possibility that bitcoin price will change towards the end of the year will reach $ 15,000 or vice versa drop to $ 9,000 .
and all of them are just predictions that are not necessarily correct and most importantly remain optimistic and trusting because bitcoin always provides good returns in the long term, and depending on the analysis and the desired price to sell it back for a profit.
and all of them are just predictions that are not necessarily correct and most importantly remain optimistic and trusting because bitcoin always provides good returns in the long term, and depending on the analysis and the desired price to sell it back for a profit.
August 25, 2020, 06:58:21 PM
17 grand seems like a kind of meaningless figure to me. I would've thought the space between 14 or whatever the previous high was and the ATH is open country.
Since it seemed very, very comfy around the $9000 level a return to that seems vastly more likely. I don't think we get any novel action until the start of next year but maybe the end of this one will provide some fun.
Since it seemed very, very comfy around the $9000 level a return to that seems vastly more likely. I don't think we get any novel action until the start of next year but maybe the end of this one will provide some fun.
August 25, 2020, 06:52:16 PM
Expect this brief rally to end soon, RSI is close to breaking the upper limit and the 55 period MA is about to cross the 25 period MA. At best we can be optimistic and hope it enters a sideways trend like it did during August 24.
August 25, 2020, 01:40:44 PM
This doesn't really gave any sort of date though, did it? I didn't see one. So that means $9k and $17k both will happen I think, price will eventually hit to $9k, maybe not tomorrow, maybe not in 6 months, maybe not in few years, but EVENTUALLY it will reach to $9k, that would happen. On the other side of the story, $17k will happen as well, that will happen with the same logic as well, it will go up maybe tomorrow, maybe in few months, maybe in years but it will reach to $17k for sure.
So, there is no doubt that price will not go up, it will eventually both go up and down. But, if we really want to make sure which one will happen next, I agree with that next looks like $14k or so, that is a lot more possible, it is close enough to make it realistic, other options are wee bit further away.
So, there is no doubt that price will not go up, it will eventually both go up and down. But, if we really want to make sure which one will happen next, I agree with that next looks like $14k or so, that is a lot more possible, it is close enough to make it realistic, other options are wee bit further away.
August 25, 2020, 11:49:15 AM
Quote
fall back to $9k levels
I placed a bet on 9k fall previously, Im about to be proven wrong because its not moving as fast as I bet. Thats just gambling and equates to a guess, nothing wrong with that and I dont expect accuracy in perfection.
Quote
Testing this trend line
2 points touching on a trend line makes it low confidence, we'll hold something better when its been tested and held half a dozen times previously. The reason 9k over 17k would be gravity mostly, not only is 17k further away its likely harder to get to then the simple process of people cashing out previous gains. Theres always a balance as well as momentum to the price, we need more demand and less supply for 17k I think. It will happen over time so long as population in BTC keeps increasing but people grow impatient and move on besides that some are leveraged and must repay borrowed money so we call this hot money as its not held. 
August 25, 2020, 11:20:08 AM
I keep repeating it, and I'll keep repeating it -- over the long term bitcoin will not be able to sustain prices above $10k. We'll be back under before the end of the year. Probably bounce around for years while generally moving down toward $1k. Clear as daytime light.
August 25, 2020, 09:07:23 AM
Whales trapped bulls after breaking 12k resistance perfectly. After that event bitcoin looks weaker and weaker with every hour. I expect bitcoin to test 10-10.5k before even trying to go up.
Testing this trend line (and even fake breaking it to trap bears this time) is very possible. After that bitcoin can continue to grow.
August 25, 2020, 08:32:04 AM
Either way could happen so far the price is having a hard time gaining enough support to break the $12k barrier, still too early to tell I have confidence that we will eventually reach the $12k level and eventually $17k mark, this is the time that people are on a buying spree in preparation for the coming years, like what happen last 2015 to 2017.
August 25, 2020, 07:17:18 AM
On the daily time frame bitcoin's price has touched the resistence $12.341 and seem like the decreasing price right now just a retracement and still have a chance to go up to $13.900 as a nearest resistance. But yeah, if we see the current sentiment market bitcoin's price and most altcoin's price are decreasing and it has happened to gold price movement. It could fall to $9000 but there will be many trader/investor who buying it at the lower price because most likely we are still in the uptrend market.
We can not lose the possibility that it dumps anytime, we have witness this often and expectedly the market sentiment will remain like this. We find a straight uprising trend since we break the $10,000 resistance and continue to move higher reaching $12,000. The confidence that we move farther from this position is quite unclear, but somehow we are still positive that the momentum won't stop. We can't deny that even the price trend keeps climbing but we can't also lose our worries that anytime soon the dumps will show up and bag holders will sell their coins at a cheap price. We can not certainly deny the fact that and things possible to happen but above all, I'm not thinking that we dump badly and goes down to $9,000.
August 25, 2020, 05:17:03 AM
On the daily time frame bitcoin's price has touched the resistence $12.341 and seem like the decreasing price right now just a retracement and still have a chance to go up to $13.900 as a nearest resistance. But yeah, if we see the current sentiment market bitcoin's price and most altcoin's price are decreasing and it has happened to gold price movement. It could fall to $9000 but there will be many trader/investor who buying it at the lower price because most likely we are still in the uptrend market.
August 25, 2020, 04:26:31 AM
According to this Cointelegraph article (link below) Bitcoin prices have the potential to reach either up to $17k levels or fall back to $9k levels, and it all depends on whether bitcoin prices can breach the $12k level mark or no, because if bitcoin prices manage to breach those levels then it has the potential to rally upwards and reach up to $17k levels.
I am not sure Bitcoin fell again to the 9k position, strong suspicion Bitcoin can go up as the OP said.Many things and the causes can be one of them (halved), or there are other factors.
Currently it is still at the $ 12000 level, to break the $ 17000 level, it is very easy, in my opinion.
Jump to: