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Topic: Bitcoin going for $8.570 following recent information - page 2. (Read 534 times)

sr. member
Activity: 1344
Merit: 270
If bitcoin will possible raise with $8570 become most correct prediction of bitcoin become most trusted expert for bitcoin expert prediction, I will follow hist twitter and looking for new update every time about his prediction of bitcoin price, maybe they have very good analyze about how to know bitcoin price every time with good and accurate prediction of bitcoin price.
legendary
Activity: 2394
Merit: 1049
Smart is not enough, there must be skills
Bitcoin has risen last night, and of course this will be a continuous increase in the next few weeks I'm sure many people believe bitcoin will soon reach its high value, and maybe it could be that this increase will approach halving and btc in Iran has reached 440 million maybe that impact too, if this brings positive there will be more demand.
sr. member
Activity: 938
Merit: 250
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.
copper member
Activity: 2800
Merit: 1179
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This is the second time that I show that new indicator post in the forum nade by 2 different user. The other one was already deleted and this post might delete too in the future due to duplicate.

It's good to that BTC keeps tge short term bullish trend but it's dangerous too since the growth is not parabolic and which means that there is high risk for quick sell off once bad news release or after halving.
hero member
Activity: 3038
Merit: 634
We've been rejected at 7600 for the second time so it doesn't really look that bullish. Also, I've learned that when traders are waiting for a certain price to be reached it usually either doesn't reach it and gets rejected earlier or it overshoots.
Since we're in a bear trend I'd expect the first scenario to happen.
Bitcoin broke $7,700 just now and it's now heading towards $7,800. And few days we're under $7,000 and you can easily think that the price given can easily be reached too. But as expected there will be a short dip that awaits where traders has already set to sell.

As halving gets nearer and nearer we might even see some unusual movements or basically it's already an expected ones base on the history that we've seen with bitcoin. Also the war that's about to happen and rumors about premium prices on Iran also might be one factor of this rise.
hero member
Activity: 2660
Merit: 551
Well we have Stock to flow ratio massive spikes? topic being open up last December 31 and it seems no one care. Again, I'm not an expert, and I don't know if people here are looking at that model to predict the price.

I think it's about time that it need to get some 'love' in this community and let those 'experts' lend us their prediction base on this model,  Smiley, just saying.
sr. member
Activity: 2506
Merit: 368
Bitcoin has the potential to return to the level of $ 8000 in the next few days, and it is true that information I am sure will happen, seeing prices are now rising, hoping Bitcoin does not fall too deep and just correction, happy to see the bitcoin chart if it is like that Grin Grin
Don't expect too much because this is all just an speculation things always unexpected in this market and I've witnessed it many times. So I don't think the $8k level is possible because the more we expect it to happen the more it is too elusive. But I am happy that Bitcoin even reached the $7500 level after almost a month of staying the $7300 level. Cheesy
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
We've been rejected at 7600 for the second time so it doesn't really look that bullish. Also, I've learned that when traders are waiting for a certain price to be reached it usually either doesn't reach it and gets rejected earlier or it overshoots.
Since we're in a bear trend I'd expect the first scenario to happen.
sr. member
Activity: 1078
Merit: 256
Just a prediction, of course, but it's very likely that BTC will touch the 8k or even 9k again in a few days, so your prediction could be true
In the beginning of the year people are more optmistic and start to invest, so could be good money to BTC marketcap
If the flow will continue and this trend attract more people to invest back then sudden market rise will follow. We don't have any assurance though
as there's many possibilities where exit strategy can be done by this bagholders make sure to sort things out before deciding your position and make
your investment.
hero member
Activity: 1426
Merit: 506
Yes - but that has to do with the Iran situation more than anything else. Gold is up too, and bitcoin is starting to act like digital gold.
I too expect that people should find bitcoin as a digital gold as the situation in Iran and neighboring countries are struggling for a long time because of sanctions imposed on them and yet i am not sure how many invested in bitcoin as a safe option.
@you quoted $8.57 which means the market will crash  Tongue.
sr. member
Activity: 1400
Merit: 259
7600-7700 in my opinion.

A little movement from some who are in FOMO before the halving. It could also be a panic buy.  Grin
I find it hard to predict if this will be the bottom so it could be one clue that buyers might also be thinking the same thing.
If that is the case then I am sure they will go for the buy instead of waiting the bottom line which might not really happen.
legendary
Activity: 2492
Merit: 1018

Maybe. We're all bullish about BTC. I don't think someone out there can figure when the price will drop again, maybe a week or two but the price could have gone to $8k as well. If this continues to go this way after halving, the speculations of the big names like Draper will likely come true. Hope it will break the ATH this year.
legendary
Activity: 1652
Merit: 1088
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Currently bitcoin has almost reached $ 7,700 and of course this potential will continue for the next few weeks, maybe $ 8,000 will be reached soon this week, looking at the chart, my view and bitcoin is now starting to show its growth slowly.
Like BTC investors have begun to be owned again so that prices will continue to rise and demand increases.

Yes - but that has to do with the Iran situation more than anything else. Gold is up too, and bitcoin is starting to act like digital gold.
hero member
Activity: 2156
Merit: 575
 Just because stock to flow ratio is showing the 8.5k levels doesn't mean it has to go up, there has been many many many instances it showed high and price stayed same and even sometimes went down after a while, bitcoin is an unregulated market so there are a lot of insider trading going on with a ton of whales and manipulations and speculations all normally illegal in the real world changing the price of bitcoin without an hint of legal action. One guy who is super rich could come up today and say I will buy all bitcoins until price is 20k, and price may get affected, if the same guy did the same for microsoft stock prices, he would be fined a huge penalty. These kinds of stuff affect bitcoin direly and very much.
legendary
Activity: 2968
Merit: 3684
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I'm all for self-fulfilling prophecies, and judging from that chart AND the preceding sentiment on social media, it looks like we really could be fulfilling these prophecies all the way to halving in May. I'm not gonna argue really, 8500 is a nice amount to have in January, although I shouldn't really be counting on >60k same time this next year, should I? Won't find me complaining of course!
legendary
Activity: 3038
Merit: 1169
I also think that the $8000 USD mark is surely reachable I don't know if we can make it this month but maybe the end of this month but as the recent movement suggested I don't think that we can reach the $10,000 USD into just one leap only I guess we are still in the midst of a bearish movement maybe $8000 can be penetrable by February and $9000 USD by March but it will surely depend on the current movement and right now the market is doing fine by itself.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
Currently bitcoin has almost reached $ 7,700 and of course this potential will continue for the next few weeks, maybe $ 8,000 will be reached soon this week, looking at the chart, my view and bitcoin is now starting to show its growth slowly.
Like BTC investors have begun to be owned again so that prices will continue to rise and demand increases.
legendary
Activity: 2366
Merit: 1408
Just a prediction, of course, but it's very likely that BTC will touch the 8k or even 9k again in a few days, so your prediction could be true
In the beginning of the year people are more optmistic and start to invest, so could be good money to BTC marketcap
sr. member
Activity: 1092
Merit: 271
I believe this is just an assumption, a mere guess of the Bitcoin prices by simply taking the average calculation if I am not mistaken.  We shouldn't make this graph a fact of Bitcoin movement because Bitcoin price may go either way.  Though I can see that Bitcoin nay possibly reach $8k+ because it slowly gaining momentum in the market.
sr. member
Activity: 2002
Merit: 250
Bitcoin has the potential to return to the level of $ 8000 in the next few days, and it is true that information I am sure will happen, seeing prices are now rising, hoping Bitcoin does not fall too deep and just correction, happy to see the bitcoin chart if it is like that Grin Grin
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