Bitcoin going for $8.570 following recent information

btccashacc

legendary

Activity: 1120

Merit: 1000

Quote from: bitzizzix on January 10, 2020, 11:13:06 AM

In recent days, bitcoin fluctuations have shown changes in the current day and hour counts, and there is a possibility this year the movement of bitcoin will tend to increase gradually.
and I do not understand the movement of bitcoin up or down is always associated with what is happening in this world such as the Iran and US conflicts and for the truth to influence the movement of bitcoin or not I do not know the truth.

This issue makes people afraid of their asset especially in stock and they will be looking for alternative investments other than that in order to secure their assets, some people speculate that people converting their assets into the crypto and caused the price spike as we've seen in recent days. I personally can't see any big impact that this issue brings into the crypto, it might be halving which takes place within 4 months that caused the price goes up. Anyways we'll see the price hitting $ 8.5k soon, seems like people are starting to collect bitcoin before halving happens.

bitzizzix

sr. member

Activity: 2366

Merit: 448

Enjoy 500% bonus + 70 FS

In recent days, bitcoin fluctuations have shown changes in the current day and hour counts, and there is a possibility this year the movement of bitcoin will tend to increase gradually.
and I do not understand the movement of bitcoin up or down is always associated with what is happening in this world such as the Iran and US conflicts and for the truth to influence the movement of bitcoin or not I do not know the truth.

robelneo

legendary

Activity: 3416

Merit: 1225

Very interesting analysis I hope we have a good continuation of that past analysis so far Bitcoin as of this writing have bridged the $8000 mark, but we should not rule out that possibility that it will go down again, because that's actually what's happening, but if those analyses will takes it course we could be heading to $8570 or even more before the end of the year if that happens, some past predictions will surface like this one to analyze the market.

gweedo

legendary

Activity: 1498

Merit: 1000

Quote from: yulionoo on January 10, 2020, 12:21:31 AM

two days ago the price of bitcoin had reached $ 8400 but yesterday and today bitcoin fell again to $ 7800. very difficult to predict the price of bitcoin. bitcoin can go down and up suddenly without a reason. so I think we can only wait and follow bitcoin price movements. but I am optimistic that this year the price of bitcoin will reach $ 14,000. we must be patient waiting.

Over the past few days Bitcoin has been very volatile and all have its reasons. The reason why Fomo bitcoin investors are because they saw the conflict situation of the US and Iran is increasing, but soon the price collapsed because after the tensions, the US and Iran ended the situation status and everything is back to normal. The price of bitcoin and this market are always affected by the news, so I wouldn't be surprised if bitcoin could reach $ 20,000 after halving bitcoin.

yulionoo

sr. member

Activity: 756

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

two days ago the price of bitcoin had reached $ 8400 but yesterday and today bitcoin fell again to $ 7800. very difficult to predict the price of bitcoin. bitcoin can go down and up suddenly without a reason. so I think we can only wait and follow bitcoin price movements. but I am optimistic that this year the price of bitcoin will reach $ 14,000. we must be patient waiting.

fabiorem

sr. member

Activity: 1400

Merit: 347

I have started doubting the StF metric when I saw it being repurposed for the current price. This happened more than once.

Just to show a example, a quick search on google returned this post from 2019: https://twitter.com/100trillionusd/status/1129688628593143809
You can see the StF line skyrocketing to near 100k right on the first half of 2020.

Now, its 2020 and the curve was readjusted, to look like its still valid. The curve is stretched to give the impression the movement is balanced and will lead the price to 100k, but its always postponed when the price stagnates. In the current version, the StF line postponed 100k for 2021.

The Sceptical Chymist

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

I can't say I understand this S2F metric, so I can't exactly criticize it with logic, but it seems to me that it's just another model that TA people are using to predict the future based on past prices. I guess it remains to be seen whether it works or not, but I'm going to remain skeptical about it. To me it's just a rah-rah, go-bitcoin-to-the-moon metric that quite a few people seem to be putting their faith into, because I've seen it mentioned in a lot of posts on the forum.

And look what happened with bitcoin since OP started this thread. It's back below $8k, and while that could just be a temporary thing it might not be. Markets have a way of seriously defying any models humans can come up with, and there isn't one yet that's a foolproof way of predicting future prices.

Quote from: Raflesia on January 09, 2020, 11:35:55 AM

making it difficult for us to guess accurately.

Guesses are just that--guesses. Sometimes they're accurate, sometimes not.

Raflesia

hero member

Activity: 2282

Merit: 560

_""""Duelbits""""_

Quote from: karanggatak on January 07, 2020, 03:43:13 AM

yes it's very possible bitcoin will reach $ 8k this week because the current price of bicoin has reached $ 7800 just less than $ 200. if bitcoin continues to increase then I'm sure by the end of January bitcoin will reach $ 9k.
but we know it is very difficult to predict the price of bitcoin because bitcoin can go up and down suddenly. we can only hope that bitcoin can pump again.

Bitcoin even touched the price of $ 8400 last night, but now there is another decline to $ 7800, the price of bitcoin is very fluctuating, so it cannot be ascertained that prices fluctuate, making it difficult for us to guess accurately.
I am thinking positively about bitcoin will be pumped again and we will wait for positive news about it, let's go ahead.

olumyd

full member

Activity: 658

Merit: 117

Quote from: DreamStage on January 06, 2020, 07:35:08 AM

The Bitcoin stock to flow (S2F) model describes how long it would take Bitcoin to reach its current supply at its current rate of production, producing a metric known as the stock-to-flow ratio.

Because Bitcoin has one of the highest stock-to-flow ratios of any asset, it can be considered an attractive investment option. This is because it would take a long time for Bitcoin to achieve its current circulating supply at current production levels.

Full Source News here
(Not click campaign, just sharing information)

Following the tweet:
https://twitter.com/s2fmultiple/status/1214060338141945857

We can see that such data has been verified from Bitcoin's history which can lead to such speculation becoming something real.

What price you think Bitcoin will reach in the following weeks?

I guess the next question follows: What happens next when we get to $8.5k? I mean we've clocked $8,455 already. So it's a matter of time before we hit the s2f prediction. Will the trend continue in an upward direction or are we headed towards a strong market correction?

barota

sr. member

Activity: 1176

Merit: 286

Quote from: barabarian1 on January 06, 2020, 09:05:42 PM

yes I am also optimistic that in these weeks bitcoin will reach $ 8k. and if bitcoin continues to increase at the end of this January then I'm sure the beginning of February bitcoin will reach $ 10k. and in my opinion the reason for the rise in bitcoin right now is the conflict between Iran and the United States that has increased the value of gold, oil and bitcoin.

bitcoin already broke level 8000 usd ; and with this rythm of movement ; i am sure that prices can reach 10 k or more . the important is that trend now changed to bullish and other high level like 9000 usd are possible now

DevilSlayer

sr. member

Activity: 1456

Merit: 359

I'm not a fundamentalist so I do not know if it is really the reason why the price of the bitcoin increased more than 22%. I just following the price action. I bought at near of the previous support wherein the MA 9 became support. I also add up my position when the price breakout in its previous resistance at around $7800. There are a lot of opportunities in the market, the price of bitcoin is continuing to increase and we should see the opportunities.

Savemore

sr. member

Activity: 952

Merit: 274

The price of bitcoin has good direction in the beginning of the year, it's been straight 3 days where the price always closing bullish candlestick but we should not yet be happy because the bullish market is still not starting. There is still current resistance at $8700, if the price visit that area and got bounce then it seems that the seller are still control in that area.

STT

legendary

Activity: 4102

Merit: 1454

This is not the last bear, call us legion for we are many. Still a downtrend in play and price just hit that region, strength will be more apparent by its reaction to these areas I guess.

So 1 hour bars, its quite definite in its reaction and 2 day moving average for a target on the downside seems reasonable place for shorts to aim for

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

Quote from: Bagaji on January 07, 2020, 02:05:05 PM

Quote from: hello_good_sir on January 07, 2020, 03:58:13 AM

Lmao, all of these models getting pumped out left and right trying to predict bitcoin price when it is clear as day that there is no single model that can do so successfully in the long run due to all of the variables that are involved as well as the fact that bitcoin is simply based more on market sentiment than anything else.

BTC is going to have a bullish year in 2020 and there is no doubt about that, but I don't think that TA should be attributed to that.

Fundamentally bullish events such as the halving and whatnot are the driving forces. Not some model.

Bitcoin cannot just be experience bullish trend in this 2020 just like that but some factors must be the driving force behind. Although you halving which is expected to take place in May this year, but some analysts are of the believe that this year halving will not positive effect on Bitcoin market value.

Some analysts and some other analysts predict something different, thereby proving that the crypto market cannot be predicted with certainty, but most importantly at least there will be a key driver that will make a bullish trend occur this year, and why in the year because it might be the main big thing or the main driver of all that is about halving. Prices are pumping for a few days so it is certain that this year will be the crypto season.

Mihaylovic

sr. member

Activity: 910

Merit: 255

It looks like we are on our way to be out of that last bear channel. it took really so long this time. I am not sure it is the end of that dropping channel but i hope it is. and i hope market trend starts to change a bit paralelly.

Bagaji

sr. member

Activity: 1330

Merit: 291

Quote from: hello_good_sir on January 07, 2020, 03:58:13 AM

Lmao, all of these models getting pumped out left and right trying to predict bitcoin price when it is clear as day that there is no single model that can do so successfully in the long run due to all of the variables that are involved as well as the fact that bitcoin is simply based more on market sentiment than anything else.

BTC is going to have a bullish year in 2020 and there is no doubt about that, but I don't think that TA should be attributed to that.

Fundamentally bullish events such as the halving and whatnot are the driving forces. Not some model.

Bitcoin cannot just be experience bullish trend in this 2020 just like that but some factors must be the driving force behind. Although you halving which is expected to take place in May this year, but some analysts are of the believe that this year halving will not positive effect on Bitcoin market value.

hello_good_sir

hero member

Activity: 1008

Merit: 531

Lmao, all of these models getting pumped out left and right trying to predict bitcoin price when it is clear as day that there is no single model that can do so successfully in the long run due to all of the variables that are involved as well as the fact that bitcoin is simply based more on market sentiment than anything else.

BTC is going to have a bullish year in 2020 and there is no doubt about that, but I don't think that TA should be attributed to that.

Fundamentally bullish events such as the halving and whatnot are the driving forces. Not some model.

karanggatak

hero member

Activity: 1106

Merit: 506

yes it's very possible bitcoin will reach $ 8k this week because the current price of bicoin has reached $ 7800 just less than $ 200. if bitcoin continues to increase then I'm sure by the end of January bitcoin will reach $ 9k.
but we know it is very difficult to predict the price of bitcoin because bitcoin can go up and down suddenly. we can only hope that bitcoin can pump again.

BigBos

sr. member

Activity: 1974

Merit: 450

for the first stage, I think of the price of $ 8,000. for now, it's possible to see the price of bitcoin is that high. besides, I currently think that the possibility of bitcoin prices could reach $ 10k this month. we can value this when the price of bitcoin can reach the price of $ 9000 on January 17-20, 2020.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Looks to me like it might really happen.
We are now at $7.9k and it getting near that prediction.

I think it was just $7.6k yesterday. $300 difference is a good one but not that huge when it comes to the bitcoin market.
Is this the road back to $12k? I hope it is.
Halving or not, it should go back that way, then we can make $9k as the bottom. Grin

Topic: Bitcoin going for $8.570 following recent information (Read 534 times)