Topic: Bitcoin is likely to reach $ 10,000!!!! (Read 313 times)

Absolutely, I would say Bitcoin is performing better than what was expected during these situations wherein world has partially come to halt and we never thought Bitcoin will even trend anywhere above $8k in such situations so I have been surprised by the restraint showcased by Bitcoin and $10k is easily achievable so we need to focus on long term plan and I am glad that we don't see those negative posts about Bitcoin like "end of Bitcoin", begining of the end, bubble is about to burst, etc anymore.

I am sorry I started hating these kinds of topics, $10k is literally just 10% away, even less than that. Bitcoin makes 10% changes in just few hours whenever it wants to, sure it may not be doing it right now but we all know that it can do it and it is capable of it, just not doing it right now specifically. What I want to see is $13k and higher, that way we could say that it is a proper bull run and you could actually make a quite big amount.

People are forgetting that there are small time investors who do not use 100x leverage trading, just a 10% improvement on price wouldn't change too much for these people, sure you might do 100x leverages and margin trading and all that to make a ton of profit but that is just how it is about bitcoin to other people who do not risk their money that much so they need bigger increases.

My previous estimation based on ATH relative to the halving is that an ATH is 1/3rd in between the halvings. There is approx. 4 years between halvings.
With COVID I could be wrong but my estimation has always been July-August 2021.
I think this is in line with your estimate as well.

And it is continue to decline and that $10k are going out of hands again. But wait, why are we in a hurry to get to $10k? As others have said, it's doable, we just have to wait for the perfect time. We never thought that it will reach $10500 in this pandemic, so there could be a lot of surprises in the future. And bitcoin market never fails us.

Most probably, an ATH will happen next year after eradicating this pandemic.
Bitcoin has really been lacking of volume these days, and that's one of the many reason why It's struggling to break the $10,000 level. Though it's also a good thing for the bullish people out there because Bitcoin didn't fall below the support level and still managed to close out at $9,000 everytime it touches the below level.
I guess the people's optimism is holding Bitcoin at this current region. Lol

I was more right than I expected to be... without the volume we will be bobbing up and down for a longer time.
I think this Covid thing needs to blow over so people can get back to investing instead of survival.

That said I hope I am wrong. Waiting for the new ATH like the rest of us.... 

I'm not looking at much of bull for this July, although the price has been highly fluctuating between 9 and $10k for a long time with traders waiting for the $10,000 break for the third time this year which could be a signal for a buy above $10,000. But for now, we still seeing a little more down with the drop of yesterday, it still signal a little more patient for price to reach $10,000.

Like the others, I'm also optimistic with regards to bitcoin achieving the $10k mark since it's not too far to be honest. Up to this moment, the price already declined by 1.65% and that's not of course a sign of growth. But I do believe that we are finally resilient to $9k mark so there's nothing to worry about. Besides, we're just in the 2nd week of July so expect more things to happen. Hoping all of those are good tho .

To be honest I think there's still a lot of resistance due to bag holders of BTC. It's unlikely that all those that bought near the ATH have sold by now so there must be many bagholders keeping their coins in hopes of a better price. And creating resistance revels and pressing the price whenever there seems to be a potential for a breakthrough.

We always hope for this and there’s so much indicators that bitcoin will reach this level again but of course, only time can tell since bitcoin is still on the sideways.

I see a good support level and its good for bitcoin to stay above the $9k level so by this, we can easily reach the $10k wall and do everything to break it. Let’s hope for no more bad news this quarter for bitcoin because any of those bad news can distract bitcoin from going up.

$10,000 is really not far but we can't say that it is just so easy if the market response remains like this. It feels not so hopeless in the way that the chance isn't already been done. We are surpassing this price many times but the crisis makes it difficult and so expect there is no such surge until we saw declining rates of COVID-19 cases.
Crypto never designs to stick like this and like that, volatility remains and so expect that this will come when the crisis is over. Now we are looking forward to seeing in the next year's change.

Yeah, volume is relatively weak, not enough to speculate that $10k is within striking distance in the next couple of days. As you can see it face a big resistance around $9400++ and wasn't able to get past through it as the price goes on a decline. So to the OP, $10k would be a long way to go and your TA needs some adjustment because of the current trend and indicators like trading volume.

Anyone here can do his own personal opinion as long as he is not deceiving readers and he can show show some charts, articles and experts interviews about the movement of market, hundreds of investors both here and outside of forum and from all ranks have given their opinion so I will respect your opinion.

When you make an analysis that ends up confusing your readers, it is assumed that you have not achieved anything. I saw that price of bitcoin dropped today and it was clear to happen from technical analysis and study. Keep it simple and good luck.

unless you are day trading in this very tight range and hope to sell at $10k and buy back again in $9k-ish reaching $10k means nothing. even a little higher than that is still the same. the only important thing is to break it and keep the momentum while reaching the next target at $11k. otherwise we have been hitting $10k and coming back then hitting $10k again for a while now. and that's not something you can predict with TA!

OP, can you keep your speculation in one fucking thread?
There’s literally 9 or 10 very similar, separate threads started by you on page 1 of the Speculation sub. Can’t you stick it all in one designated thread?

Could it also mean that this price will be our bottom?
It can go way up than $10k but I am thinking more about not losing its value again and again.
I know there are still weak hands who are always tempted to sell more.
But could this also be a sign that those weak hands are already out?

I mean, if they are still here they might have sold their bitcoins already out of impatience.

I can't say for sure. Bitcoin does not respond to certain things and is unresponsive to certain important events.
Bitcoin is a whip horse.
And you can't say for sure that this will definitely happen. Wait, I'll make newer analyzes.
Good luck & be profitable

@BTCWALK while we all are hoping that bitcoin prices rises towards $10k levels soon, but I feel that bitcoin prices are stuck at $9.4k levels, however if bitcoin prices can cross that level then definitely we should see bitcoin prices crossing the $10k levels mark. Also it’s worth mentioning that many analysts believe that upward movements in gold prices will have a positive impact on bitcoin prices in the long run, therefore do you’ll believe that rally in gold prices will be able to trigger a bulls rally for bitcoins?.

Source:

https://www.coindesk.com/as-gold-hits-9-year-high-bitcoin-eyes-price-breakout

Lets hope. Volume is still very weak....

Bitcoin prices are preparing for a strong jump after falling prices and reaching $ 8,800 support, according to the BBC News. Despite falling to $ 8,800, Bitcoin was still above the 100-day simple moving average (SMA100).

As a result of maintaining this level, the price of Bitcoin was able to overcome important obstacles such as the resistance of 9,000, 9,300 and 9,400 dollars. In addition, the price of this digital currency was able to cross the corrective level of 23.6 percent. The level fell from $ 10,376 to $ 8,802 during the fall. Bitcoin is currently trading at $ 9,370.

http://s12.picofile.com/file/8402381892/Bitcoin_7_1024x486.png

On the other hand, the price of Bitcoin was able to cross the $ 9,350 resistance barrier; Breaking this barrier caused the downward trend line to break as well. Given the current situation, it can be said that buyers are operating in the market and fluctuations above $ 9,350 are largely under their control.

The $ 9,580 and $ 9,600 resistors are facing Bitcoin. These levels are close to the 50 percent correction level (which fell from $ 10,376 to $ 8,802). If the price of Bitcoin breaks and maintains the resistance of $ 9,600, the way to reach $ 10,000 will be paved in the coming days.

In the short term, prices are likely to fall below $ 9,320 and $ 9,300, respectively. If these levels are broken, the next stop may be in support of $ 9,200.

If this declining trend continues, there is a possibility of falling to the support range of $ 8,800 and a simple 100-day moving average. This range is one of the most important points on the chart, and breaking it can strengthen the downward trend in prices. If the price closes in the range below $ 8,800 and $ 8,600, the market pressure will increase and we may see the price of bitcoin reach $ 8,000 and even $ 7,800.

Currently, the MACD index is in an upward range in the daily time. The Relative Power Index (RIS) is well above 50. The main supports are $ 9,300 and $ 8,800, respectively. $ 9,580, $ 10,000 and $ 10,300 are also resisting