As long as corrections keep happening the price will not really make that much of a new high because the higher the price gets the more people start to sell to take out profits which results with us not making as much profit as we normally could.
Of course, we still could see higher prices but we need to make sure first the people who want to sell at those prices ends up selling all their money and we do not have any people left in those prices that end up selling, if we get rid of those people then we can actually move higher without any sell pressure on us. That may take some time but the important thing is to not give up, as long as we do not give up, we will drop a few hundred and try to go back and constantly do that, if we don't give up eventually that will stop and we will start to go beyond those levels.
Topic: Bitcoin price: $ 12,000 is no longer out of reach (Read 491 times)
Well, I believe $12,000 will happen this year, but it still difficult if the price will reach that price this month because we are back at the lower price, and it will need more time to increase. We need to see bitcoin price break $11,000 first before the price can rise higher because bitcoin price before is almost touched $11,000. We need to have more patience to wait and see the price will hit that price, and this time, bitcoin price adjusts the price before the price can increase higher. I think sooner or later, the price will break every highest price and no matter if the price moves fast or slow, we will see a new highest price this year.
Yes, but today we wake up with a some retracement so I guess that $11k-$12k target will have to wait a big longer as expected. This kind of correction though looks healthy, at least we didn't see some artificial pump from $9k-$12k in short amount of time. Otherwise it will be a bubble that needs to be burst. We need more patience here, at least a good 5 digits at the end of this month is not that bad.
Well, I believe $12,000 will happen this year, but it still difficult if the price will reach that price this month because we are back at the lower price, and it will need more time to increase. We need to see bitcoin price break $11,000 first before the price can rise higher because bitcoin price before is almost touched $11,000. We need to have more patience to wait and see the price will hit that price, and this time, bitcoin price adjusts the price before the price can increase higher. I think sooner or later, the price will break every highest price and no matter if the price moves fast or slow, we will see a new highest price this year.
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I think that in February we will not see such a rapid rise in the price of Bitcoin for $ 12,000, but nevertheless I hope for a continued increase in Bitcoin this year.
the price of $ 12,000 will be reached this year, I'm very sure of that. other than that, I think that the price of bitcoin can really reach prices that exceed $ 15,000 this year. however, current developments make it possible to reach the price of $ 12,000 before halving arrives, and after halving, bitcoin will provide other expectations. of course it is a higher price. 
Many forecasts are more optimistic about bullrun of Bitcoin during 2020 rather than in 2019.
So let's cross our fingers and wait.
Well, resistance is still in place. Although, forecasts are barely right 50% of the time. Bitcoin prices are just too disconnected from real world events, it's a market driven purely by demand. Predictions are just lucky if they are right. Perhaps miners now would want to influence the markets so more of their hardware would remain profitable for mining, but really there isn't much that can be done. Prices will eventually follow the money no matter how much subjugation any party could force on them. At this time indeed the sentiment appears to be more positive but there's no signs of strong support either. So let's cross our fingers and wait.
Do you think Bitcoin price can reach $ 12,000 this February?
It's totally possible to reach that price this month, we already attain to hit the 10,000$ and by just hitting this price it causes plenty of predictions like it will gonna hit 100,000$ by the end of 2021 and many more. I just recently check the price of bitcoin and it seems we already surpass again the 10,000$ and based on the current of bitcoin it's now around 10,273$ and I'm totally looking forward if this month we can really attain to reach the 12,000$. There still a plenty of days left this month and the movement of bitcoin still looking upward and even we see a sudden drop on its price yesterday, it seems there's nothing to panic and it's normal to happen. I know there are some people who are FOMO in the current state of bitcoin, but for me, no need to carried away and just invest and hold your bitcoin.
I think that in February we will not see such a rapid rise in the price of Bitcoin for $ 12,000, but nevertheless I hope for a continued increase in Bitcoin this year. First of all, I am sure that the next halving in May 2020 will bring very good results. The fact is that if you look at the previous reduction in rewards for miners by half, we will see that after 2013, Bitcoin increased by 12,000 percent, and after 2016, Bitcoin increased by 13,000 percent. Accordingly, I expect the same results after halving 2020.
Many forecasts are more optimistic about bullrun of Bitcoin during 2020 rather than in 2019.
So let's cross our fingers and wait.
So let's cross our fingers and wait.
Do you think Bitcoin price can reach $ 12,000 this February?
It's totally possible to reach that price this month, we already attain to hit the 10,000$ and by just hitting this price it causes plenty of predictions like it will gonna hit 100,000$ by the end of 2021 and many more. I just recently check the price of bitcoin and it seems we already surpass again the 10,000$ and based on the current of bitcoin it's now around 10,273$ and I'm totally looking forward if this month we can really attain to reach the 12,000$. There still a plenty of days left this month and the movement of bitcoin still looking upward and even we see a sudden drop on its price yesterday, it seems there's nothing to panic and it's normal to happen. I know there are some people who are FOMO in the current state of bitcoin, but for me, no need to carried away and just invest and hold your bitcoin. 
Barely touching the levels of the day this thread was created but yeah, this is exactly the profit taking I knew was going to happen at 10k. How can speculators be ignoring the "easy gains" of what? 35% since 1 Jan 2020? Double-digit profit's the holy grail as it is for most short term speculators so this is dreamland for those who waited a couple more weeks.
The surprise is that the pullback isn't more pronounced!
The surprise is that the pullback isn't more pronounced!
the profit is mostly cashed out before the $10k rise in the previous corrections and the buy backs have also happened too. that is why the so called "correction" after the $10k+ wasn't even significant and it leads me to believe that it was only whales trying to pull the price back down rather the traders selling to take profit.
What I think is that price for bitcoins can reach $12000 in few coming days itself or maybe a week. The graphs have started showing us significant growth and compiling various graphs leads me to a decision where I could see bitcoins crossing $11,900 in a week which is almost $12k. This would make bitcoins stay on the mark price for some days and again it might start showing us some growth which would move towards the next target. This year, bitcoin halving is really going to show us a massive pump and we could even see 4 times more price than we saw at the mid 2017 and this is what makes me predict the price for bitcoins in few coming days.
I don't think 12K USD is possible for this month, 11K USD seems okay for February. Though I am not sure because the month just started, another 20 days are left, so, anything can happen. The way Bitcoin price increasing if 10K USD breakout happens then 11K USD will be done easily!
Yes, I also agree with you, according to the technical analysis of the 1D time frame, the price of bitcoin will only reach $ 11,300 at the highest resistance this month.And if that really happens then the trading volume will certainly be higher, and in the end, the next month the price of bitcoin will have a higher resistance line.
Currently the price of bitcoin must pass $ 10,300 to reach the highest price this month.
We could almost see the difference of $1000 at these two points which might be the most beneficial part for short term traders. These huge volatile graphs would get more volatile and maybe we could even see a price movement of $2000+ in the coming few months. This would accelerate the bull runs and would bring them closer.
Do you think Bitcoin price can reach $ 12,000 this February?
There's still plenty of time, I have no doubt bitcoin could reach that price and we will again make this market more hype.
Bull run! Bull run! Bull run! Bull run!... that's the words that's in our mind so the more the hype the higher the uptrend pressure we might witness and we know when the price is doing good, media would help with their very positive publication.
I don't think 12K USD is possible for this month, 11K USD seems okay for February. Though I am not sure because the month just started, another 20 days are left, so, anything can happen. The way Bitcoin price increasing if 10K USD breakout happens then 11K USD will be done easily!
Yes, I also agree with you, according to the technical analysis of the 1D time frame, the price of bitcoin will only reach $ 11,300 at the highest resistance this month.And if that really happens then the trading volume will certainly be higher, and in the end, the next month the price of bitcoin will have a higher resistance line.
Currently the price of bitcoin must pass $ 10,300 to reach the highest price this month.
As i speculate bitocin drop again under 10k, i think is still a bit earlier to start the big bull run, maybe after halving will start.
12 thousand dollars will happen sooner rather than later and people do not realize how sooner it will be.
First of all, 12 thousand dollars is something we have already achieved during 2019 so its not really an insane number anymore, in 2018 it looked impossible since we were going to $6k and than $3.5k, but now we have passed it already once, we can pass it again.
The other reason is we have already increased from $7k to $10k which is a $3k increase, adding another $2k on top of that increase doesn't seem all that shocking.
First of all, 12 thousand dollars is something we have already achieved during 2019 so its not really an insane number anymore, in 2018 it looked impossible since we were going to $6k and than $3.5k, but now we have passed it already once, we can pass it again.
The other reason is we have already increased from $7k to $10k which is a $3k increase, adding another $2k on top of that increase doesn't seem all that shocking.
Let's no rush again guys as we're back under 10k$ again with a good bunch of buy support going even lower than 9k$ so I'm hoping that we can still hold this position and maybe climb back to 10k$ and more. Last days were great for cryptocurrencies as we saw Bitcoin engine getting started just a little bit, we saw great altcoins ( Blocknet ) going up a lot after the super block vote and a lot of fresh news coming into the cryptocurrency space so my I'm asking myself : Is Bitcoin going mainstream again soon ? I think yes.
People are forgetting the price movements of bitcoin quite quickly in this market. Have we already reached to a point where people are requiring a reminder that we were literally at around 14 thousand dollars per bitcoin yet dropped afterwards to as far as a bit under 7 thousand, why do we suddenly think that $12k would have been out of reach at all? We have peaked from $3.5k to $14k, we are certainly more than capable of reaching from $7k to over $12k very easily if that was what we are after.
What we should be after however is a constant increase that isn't followed by a big drop, we could very well go above 20 thousand as well, nobody would be too shocked about such a big increase, sure we are not expecting it but we know it could potentially happen, if that were to happen, the real problem is not reaching it, the real problem is not following it with a %80+ increase.
What we should be after however is a constant increase that isn't followed by a big drop, we could very well go above 20 thousand as well, nobody would be too shocked about such a big increase, sure we are not expecting it but we know it could potentially happen, if that were to happen, the real problem is not reaching it, the real problem is not following it with a %80+ increase.
How can speculators be ignoring the "easy gains" of what? 35% since 1 Jan 2020?
The surprise is that the pullback isn't more pronounced!
The surprise is that the pullback isn't more pronounced!
It's definitely hard not to react and take advantage of opportunities like this, at least for those who are experienced traders. 35% seems quite unreal even if one looks only at the beginning of the year or a little before that, but it seems that most still choose to hold and not to gamble with "sell high, buy low".
Correction is for now only $300, but it seems that price is recovering (now $9900) and that may actually be a good sign that the bulls are still much stronger than the bears. This is definitely an exciting time, the beginning of the year is completely positive, as the saying goes "if the day is known by the morning" this will be one very exciting year for BTC.
In the past few hours, although the gaining momentum has temporarily halted at the threshold of 9,700 USD, recent signals that a breakout above 10,000 USD is quite likely to happen.
As cryptocurrency analyst Eric Hoka tweeted that “given some technical signals and the halving event of bitcoin is approaching, I believe bitcoin will soon retest the $ 10,000 mark this month, even $ 15,000. It must be hard when halving is near. ”
The price of bitcoin over the past 24 hours has ranged from a low of $ 9,714 to $ 9,872. Bitcoin's market capitalization is recorded at $ 176 billion, accounting for 64.3% of the total market value.
Do you think Bitcoin price can reach $ 12,000 this February?
Despite the fact that this industry is a very speculative one, I can confidently say that 2020 is going to be a very good year for Bitcoin considering the halving coming up in May or so. We have already seen $10,000, though RS hasn't been broken yet. $12k is within reach once $10k is breached. Bitcoin has the history of doing even over $3k in a day's spike. As cryptocurrency analyst Eric Hoka tweeted that “given some technical signals and the halving event of bitcoin is approaching, I believe bitcoin will soon retest the $ 10,000 mark this month, even $ 15,000. It must be hard when halving is near. ”
The price of bitcoin over the past 24 hours has ranged from a low of $ 9,714 to $ 9,872. Bitcoin's market capitalization is recorded at $ 176 billion, accounting for 64.3% of the total market value.
Do you think Bitcoin price can reach $ 12,000 this February?
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