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Topic: Bitcoin penetrates into $17 000 (Read 452 times)

hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
November 19, 2020, 08:07:47 AM
#46
The price is approaching $18,000 once again as of this moment. The correction is through and it was nothing but a very tiny one. That was hardly even a correction. For now the target is just $18,000. But once it breezes through that, $19,000 will be an easier target.

The resistance will definitely be very hard at $20,000. That must be the strongest one in this bull run. I am sure there are a lot of sellers at that price level. We will see whether the demand can absorb the selling pressure.

I am very positive about this, and I am sure that the price will go up to more than $18k. Although the correction is not too deep, we need to be careful because there is no guarantee that the correction will not come again after this. I guess that after the price can increase and jump to $18,500, the price will have many fluctuations before it breaks $19k. That can make us and many people panic and will think that the price can be dropped anytime.

To reach $20k is not easy, and we still need more than $2,000. Whether it will happen this month, next month, or even next year, we need to hold our bitcoin and wait for the next highest price. I guess that once the price can break $20k, many people will sell their bitcoin at that price, and they will not wait too long to make a profit.
legendary
Activity: 1722
Merit: 2213
November 19, 2020, 07:22:01 AM
#45
Subject to pullback right now that Iam observing it, how much is the speculative hard bit to call really but I will post up my chart so you can see the lines in the sand as Ive drawn them anyhow.



Nothing complicated as I dont believe in a chart without clarity for likely giving me much predictive confidence.   So we've lost 2 day average for the moment which is very fast momentum measure but lately thats been the spirit of BTC.    Then the top line here is the upper edge of the bullish channel and again we challenge this and below in a mirror of that I'd call the lower trend as probable range for today.    So target downside for now is below 17k which maybe disappoints some but 16.5k is reasonable pullback for the progress upwards to continue.   Also weekly average is about 16.5k and similarly I consider that more vital to positive phase in BTC continuing.

I also arrived to similar conclusions about a short-term pull-back, in summary somewhere between $16.6-17K to maintain bullish momentum, based on a parallel channel of support. Failing this, I find $14-15K to be increasingly likely (-15-25%). But first bears would need to break the support trend-line before gaining any hope of a deeper correction.


sr. member
Activity: 2380
Merit: 366
November 19, 2020, 07:14:39 AM
#44
That sell order of $6 million at $17,000 didn't even become a sell wall. It proved to be a very small amount quickly gobbled up by the buy orders. I cannot say with certainty but this is most likely the road to a new all time high within the year.

In fact, if we look at the circumstances of Bitcoin right now it is even much better than it was in 2017. So there is really a positive outlook that $20,000 is not the ultimate target in 2020. We will have to raise it somewhere at $25,000 to $30,000.

I guess that sell order was canceled before the price increase more. With the price now, I think there will be a big wall at one level price to hold bitcoin price not to soar too high. Maybe this time, bitcoin will have more power to lift the price until the price can be back at $18k and still increase to $19k. We will see the price start the rallies and break the big wall at $20k to go to the next high price.

That was a good decision as the price rose to more than $18,000 after that. If he were able to sell that at $18,000, he could wait for the price to fall down to around $17,000 and buys back. Right now, we are at a correction. Who knows until which support this will fall. I doubt this will fall below $17,000 though. This is probably just a quick one and another bounce will happen which will probably opens up the $19,000 level.

Indeed. Now, the price is down again to $17,500. I think it will stay like that until the weekend, so the price will have a chance to start rallies again in the next week. The price is still at the correction and we might see another drop if people panic to see the price and the red candle at the market. We can hope that the price will be like that, and don't drop too far because it will need more time for the price to increase. The next target will be at $19k, and I am sure that the price will have the opportunity to touch that price.

The price is approaching $18,000 once again as of this moment. The correction is through and it was nothing but a very tiny one. That was hardly even a correction. For now the target is just $18,000. But once it breezes through that, $19,000 will be an easier target.

The resistance will definitely be very hard at $20,000. That must be the strongest one in this bull run. I am sure there are a lot of sellers at that price level. We will see whether the demand can absorb the selling pressure.
STT
legendary
Activity: 4102
Merit: 1454
November 19, 2020, 05:41:06 AM
#43
Subject to pullback right now that Iam observing it, how much is the speculative hard to call really but I will post up my chart so you can see the lines in the sand as Ive drawn them anyhow.



Nothing complicated as I dont believe in a chart without clarity for likely giving me much predictive confidence.   So we've lost 2 day average for the moment which is very fast momentum measure but lately thats been the spirit of BTC.    Then the top line here is the upper edge of the bullish channel and again we challenge this and below in a mirror of that I'd call the lower trend as probable range for today.    So target downside for now is below 17k which maybe disappoints some but 16.5k is reasonable pullback for the progress upwards to continue.   Also weekly average is about 16.5k and similarly I consider that more vital to positive phase in BTC continuing.
sr. member
Activity: 1554
Merit: 334
November 19, 2020, 05:30:57 AM
#42

It was a warm welcome move by the bitcoin.Long holding traders can sell your bitcoin with equal to 18,000$.We don't know ,whether it happen again.The expectation was  over a 20,000$ before the end of this year.But no one can predict the bitcoin 100 percentage.So holding is also on your own risk.

Already sold my stash that is intended for short term but i do still accumulate for long term ones but my guts telling me that 18k would be the peak for now and there would be some correction.

Well, i might be wrong but it isnt really bad to make some sell at the moment yet this is the sweetest spot and dont wait up if you do still have the opportunity to sell.

These chances doesnt come once in a while so better utilize it but its up to someones choice because we do have our own level of risk management.
It's not bad decision I'd say $18k worth is already a good mark and good profit as well if you buy it on low price. And leaving some for your long term was a great decision as well. We can't say how it will move after all. We better to take the opportunity we have rather than waiting for more because we might lose it and regret it later, in other words don't be greedy.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
November 19, 2020, 04:31:42 AM
#41
That sell order of $6 million at $17,000 didn't even become a sell wall. It proved to be a very small amount quickly gobbled up by the buy orders. I cannot say with certainty but this is most likely the road to a new all time high within the year.

In fact, if we look at the circumstances of Bitcoin right now it is even much better than it was in 2017. So there is really a positive outlook that $20,000 is not the ultimate target in 2020. We will have to raise it somewhere at $25,000 to $30,000.

I guess that sell order was canceled before the price increase more. With the price now, I think there will be a big wall at one level price to hold bitcoin price not to soar too high. Maybe this time, bitcoin will have more power to lift the price until the price can be back at $18k and still increase to $19k. We will see the price start the rallies and break the big wall at $20k to go to the next high price.

That was a good decision as the price rose to more than $18,000 after that. If he were able to sell that at $18,000, he could wait for the price to fall down to around $17,000 and buys back. Right now, we are at a correction. Who knows until which support this will fall. I doubt this will fall below $17,000 though. This is probably just a quick one and another bounce will happen which will probably opens up the $19,000 level.

Indeed. Now, the price is down again to $17,500. I think it will stay like that until the weekend, so the price will have a chance to start rallies again in the next week. The price is still at the correction and we might see another drop if people panic to see the price and the red candle at the market. We can hope that the price will be like that, and don't drop too far because it will need more time for the price to increase. The next target will be at $19k, and I am sure that the price will have the opportunity to touch that price.
member
Activity: 952
Merit: 27
November 18, 2020, 11:15:52 PM
#40

Correction may happen any time soon now because Bitcoin Broke the $18,000 barricade last night so what we are expecting now is the correction before heading to $20,000.

There are many good news that popping now and one of those is that Mexican 2nd richest man investing His 10% wealth to crypto.

So expect good movement for the market as another positive is coming.

Imagine if 105 of the richest people in the world investing 105 of their assets here in Cryptocurrency, there's going to be a massive pump, that is only one rich guy in one country and it made an impact, I guess that is what we need more whales coming in more rich people joining the community, but of course major companies and websites accepting Bitcoin.
full member
Activity: 2170
Merit: 182
November 18, 2020, 10:56:35 PM
#39
At this moment Bitcoin price has even crossed 17500$. That looks very optimistic and like Bitcoin is heading towards 20000$ however don't forget the volatility. I believe corrections could be expected soon and price might pool back although I don't expect some bigger dump. Still price might be fluctuating back and forth and by the end of the year price might be in the same range.
Correction may happen any time soon now because Bitcoin Broke the $18,000 barricade last night so what we are expecting now is the correction before heading to $20,000.

There are many good news that popping now and one of those is that Mexican 2nd richest man investing His 10% wealth to crypto.

So expect good movement for the market as another positive is coming.
sr. member
Activity: 2380
Merit: 366
November 18, 2020, 08:38:25 PM
#38
That sell order of $6 million at $17,000 didn't even become a sell wall. It proved to be a very small amount quickly gobbled up by the buy orders. I cannot say with certainty but this is most likely the road to a new all time high within the year.

In fact, if we look at the circumstances of Bitcoin right now it is even much better than it was in 2017. So there is really a positive outlook that $20,000 is not the ultimate target in 2020. We will have to raise it somewhere at $25,000 to $30,000.

I guess that sell order was canceled before the price increase more. With the price now, I think there will be a big wall at one level price to hold bitcoin price not to soar too high. Maybe this time, bitcoin will have more power to lift the price until the price can be back at $18k and still increase to $19k. We will see the price start the rallies and break the big wall at $20k to go to the next high price.

That was a good decision as the price rose to more than $18,000 after that. If he were able to sell that at $18,000, he could wait for the price to fall down to around $17,000 and buys back. Right now, we are at a correction. Who knows until which support this will fall. I doubt this will fall below $17,000 though. This is probably just a quick one and another bounce will happen which will probably opens up the $19,000 level.
legendary
Activity: 3234
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
November 18, 2020, 06:44:19 PM
#37
$20k by the end of 2020 seems more realistic by the day.

the current price is in the $17700 and for $20,000 is missing $2300, I would say it will be very easy to reach $20,000 this year and the good news is this:

Watch these two levels if Bitcoin price sees a major correction before $20K

if these guys are doing peximistic analysis, then that means we’ll see a big price increase, because whenever these guys do some prediction the opposite always happens

hero member
Activity: 2926
Merit: 722
November 18, 2020, 02:33:36 PM
#36

It was a warm welcome move by the bitcoin.Long holding traders can sell your bitcoin with equal to 18,000$.We don't know ,whether it happen again.The expectation was  over a 20,000$ before the end of this year.But no one can predict the bitcoin 100 percentage.So holding is also on your own risk.

Already sold my stash that is intended for short term but i do still accumulate for long term ones but my guts telling me that 18k would be the peak for now and there would be some correction.

Well, i might be wrong but it isnt really bad to make some sell at the moment yet this is the sweetest spot and dont wait up if you do still have the opportunity to sell.

These chances doesnt come once in a while so better utilize it but its up to someones choice because we do have our own level of risk management.
hero member
Activity: 2324
Merit: 562
DGbet.fun - Crypto Sportsbook
November 18, 2020, 02:06:15 PM
#35
What else is there to say, numbers speak for themselves.
$20k by the end of 2020 seems more realistic by the day.

There was a sell order of $6Million at $17 000 price point







It was a warm welcome move by the bitcoin.Long holding traders can sell your bitcoin with equal to 18,000$.We don't know ,whether it happen again.The expectation was  over a 20,000$ before the end of this year.But no one can predict the bitcoin 100 percentage.So holding is also on your own risk.
legendary
Activity: 1526
Merit: 1359
November 18, 2020, 01:57:24 PM
#34
I see on Coinmarketcap the price has experienced a deep correction, did the bulls stop?

This was not a deep correction. LOL!
As STT said, just normal profit taking along the way. A deep correction is yet to happen and then we will see a drop of at least 15-20%. I hope. Wink
STT
legendary
Activity: 4102
Merit: 1454
November 18, 2020, 11:05:03 AM
#33
Theres no hard resistance but normal profit taking along the way is normal also so I'd call it a normal pullback and that can still go to about 16k; main reason being the faster it rises the easier it is to pull back similarly.    That was fairly absent previously but can occur without the overall rise being disproven.   This is where it can get alarming as the swings up and down become larger waves, it leads to higher prices but also uncertain gains or losses and I find it quite hard to trade really where as previously I could look maybe once a week to add or close a position now its like a daily roll of the dice.
full member
Activity: 434
Merit: 102
November 18, 2020, 10:40:43 AM
#32
$ 17,000 has been reached and even more than $ 18,000, so what now?
I see on Coinmarketcap the price has experienced a deep correction, did the bulls stop?
legendary
Activity: 3752
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
November 18, 2020, 09:55:21 AM
#31
And suddenly bitcoin penetrates into 18k as well. We are doing pretty mighty right now, alts are not doing that bad neither, I mean I have assumed with another huge bull run from bitcoin, alts would have gone down a bit just like it did from the initial increase and after that I assumed it would have made some sort of similar thing would have happened in the past 24 hours or so as well.

However looking at alts right now, there are some that went down between 1-2% levels and there are some that didn't went down at all, look at ETH for example it looks as green as always. It really makes me happy to know that the whole crypto world is going fine, there is nothing going wrong right now with the crypto world and we are all elevating each other without making a big deal out of this increase as well, like we expected this anyway.
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
November 18, 2020, 09:46:55 AM
#30
Bitcoin has crossed the mark of $18,000 today and marching towards $20,000 and most probably gonna achieve the mark sooner than expected. Those people who believed in Bitcoin and we're HODling Bitcoin were right as its paying them back and this would be bit difficult to digest for those who sold off Bitcoin out of panic.

I think we will see Bitcoin crossing the mark of $25,000 before the end of this year.
Today $18,000, I agree with your prediction about the price at the end of the year. Bitcoin has grown in price too fast but it is also reasonable, cycle 3 years back.
Bitcoin is back above $18,000 USD, very possible that It’ll surpass its all time high maybe this week. Yesterday, it was trading around over $17k, if bitcoin continue to surge like that anything is possible.

Some retrace might be happening right now as the value fallback to $17k+ a good chance for those who wanted to to buy and hold, as we still seeing good potential that it will bounce again and start to pump.

The momentum still positive, day traders might be selling by now and start collecting thier gains. While those investors who doesn't want
to missed the ride are buying and start holding, still a good sign to see much better rates.
legendary
Activity: 1722
Merit: 2213
November 18, 2020, 09:17:44 AM
#29
Bitcoin has crossed the mark of $18,000 today and marching towards $20,000 and most probably gonna achieve the mark sooner than expected. Those people who believed in Bitcoin and we're HODling Bitcoin were right as its paying them back and this would be bit difficult to digest for those who sold off Bitcoin out of panic.

I think we will see Bitcoin crossing the mark of $25,000 before the end of this year.
Today $18,000, I agree with your prediction about the price at the end of the year. Bitcoin has grown in price too fast but it is also reasonable, cycle 3 years back.
Too fast too furious. In the back few days, it feels like only buyers existing on an exchange. $18000 is still an astonishing price for me. I expect that bitcoin would hit $18000 by the end of this year but everything runs rapidly. More and more investors are aware of bitcoin recent behaviors and they decide to make action before being kicked out of the game


There was a big sell-off in the past few hours but the market recovers extremely fast. This decline can be considered as a correction although it only has a minimum impact on the market.

It happened already, Bitcoin price has already touched 18000$. But everything was going very fast and this jump happened in really short period of time.
To be honest I don't like when Bitcoin price rises so sharp in such short period of time so I expect some corrections very soon. On the other hand if this trend continues we might see 20000$ again very soon. The question is only how long is it going to last.

I know the feeling! I've got no issues with price mooning when I'm 99% invested, but at the same time whenever price goes parabolic it usually leads to a deeper correction than if we merely made a higher high. I would have preferred price top out around $16-17, then correct to $12-14 (25-30%), whereas now if price continues to $20K, to me it still seems likely price would correct to $13-15K (30-35% pull-back). At the same time, you get what you're given, can't complain about the price. At least a deeper correction would likely take longer time-wise than a shallower one, therefore it will likely provide more time to accumulate during a dip than usual.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
November 18, 2020, 04:08:27 AM
#28
Bitcoin has crossed the mark of $18,000 today and marching towards $20,000 and most probably gonna achieve the mark sooner than expected. Those people who believed in Bitcoin and we're HODling Bitcoin were right as its paying them back and this would be bit difficult to digest for those who sold off Bitcoin out of panic.

I think we will see Bitcoin crossing the mark of $25,000 before the end of this year.
Today $18,000, I agree with your prediction about the price at the end of the year. Bitcoin has grown in price too fast but it is also reasonable, cycle 3 years back.
Too fast too furious. In the back few days, it feels like only buyers existing on an exchange. $18000 is still an astonishing price for me. I expect that bitcoin would hit $18000 by the end of this year but everything runs rapidly. More and more investors are aware of bitcoin recent behaviors and they decide to make action before being kicked out of the game


There was a big sell-off in the past few hours but the market recovers extremely fast. This decline can be considered as a correction although it only has a minimum impact on the market.
member
Activity: 560
Merit: 13
November 18, 2020, 03:34:50 AM
#27
Bitcoin has crossed the mark of $18,000 today and marching towards $20,000 and most probably gonna achieve the mark sooner than expected. Those people who believed in Bitcoin and we're HODling Bitcoin were right as its paying them back and this would be bit difficult to digest for those who sold off Bitcoin out of panic.

I think we will see Bitcoin crossing the mark of $25,000 before the end of this year.
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