Bitcoin going for $8.570 following recent information

btccashacc

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

asus09

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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.

$crypto$

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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.

barabarian1

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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.

Coin_trader

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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.

sunsilk

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Quote from: darkangel11 on January 06, 2020, 11:05:27 AM

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.

btc_angela

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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,

, just saying.

Oceat

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Quote from: kapalmabur on January 06, 2020, 08:15:22 AM

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

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

darkangel11

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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.

joshy23

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Quote from: rdluffy on January 06, 2020, 09:14:23 AM

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.

BChydro

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Quote from: alyssa85 on January 06, 2020, 10:28:54 AM

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

.

Dart18

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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.

enhu

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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.

alyssa85

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Quote from: Sterbens on January 06, 2020, 09:49:12 AM

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.

Captain Corporate

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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.

buwaytress

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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!

YuginKadoya

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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.

Sterbens

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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.

rdluffy

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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

bitcoindusts

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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.

kapalmabur

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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

Mahanton

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

which can lead to such speculation becoming something real.[/b]

Based on the bolded wordwhere we cant really give an assurance that it would happen but somewhat reaching next $1000 wont really be that hard
but climbing to thats price might take some time and wont really be that on next week.Nothing is assured though but i dont see the possibility
to be that short.We do have that resistance on $8500 though.

DreamStage

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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?

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