Bitcoin price to reach $17k? - page 4.

error08

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Quote from: 2double0 on November 10, 2020, 06:58:38 PM

The daily chart shows you have missed the train already but it is very likely that btc will be above 17k because it is very near target if I compare it with the support at @13700. All traders who are fomo'ing in this market shows that we are in for some huge price action and if a drop happens, it will be bigger than the pump. So they keep on buying and the whales too are eating up some high volume sell candles.

Let us see then if it rises or it crashes, though I am positive with the rise to continue and more stable it gets at current price better so that it can sustain the drop and not be a major one if correction had to happen or big investors sell before the new year. Let us hope it can cross 17k or be near that by year end.

A big drop may follow after bitcoin reach a new ATH, since bitcoin price increase gradually instead of instant hence the support levels are more robust than before.
At this point, short is riskier than long position because bitcoin shows the sign of uptrend pattern isn't over yet.
Bitcoin may stay in this sideways pattern for a week before starts to climb higher, just enjoy the current price while it lasts, buys it.

carlisle1

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Quote from: DustyRah on November 10, 2020, 12:35:45 PM

Quote from: carlisle1 on November 09, 2020, 06:27:54 AM

If you are not in a Hurry?then yes Bitcoin is worth the risk,the only problem we may have is when we are investing money from our budget to buy foods

Honestly, if you have a "budget" for food, you should stay away from investment into crypto. The price may go up or crap back down below $7k taking your money with it. Overall long term, Bitcoin should keep going up unless something else replaces it but it takes a lot of time. This is an excellent investment to throw a small some slice for retirement. Most who try to use this to try to make a quick buck or two will fail due to the volatility.

Well that's what I've said literally in my post about not investing the money that reserves for our food as this is real risky and you may lose everything in a glimpse of an eye.
Like what happen recently when the covid19 took over the market and drops the value of all coins more than 50% and people lose their money from that.

Quote from: 2double0 on November 10, 2020, 06:58:38 PM

The daily chart shows you have missed the train already but it is very likely that btc will be above 17k because it is very near target if I compare it with the support at @13700. All traders who are fomo'ing in this market shows that we are in for some huge price action and if a drop happens, it will be bigger than the pump. So they keep on buying and the whales too are eating up some high volume sell candles.

Train will always run forward the problem is it won't bring us profit at some point, so better that we are in right timing like now.

Buy now or regret later ,that's what holders suppose to say.

blckhawk

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Quote from: farrellronald on November 05, 2020, 01:45:52 PM

Bitcoin has risen its price from the start, which was $0.08 per coin until now which is $14912.
today, I was reading a post on CoinBazar724.com which was directed from cointelegraph.com saying that BTC may reach to even $17k!!!

Do you think this is possible?

It is possible in fact Bitcoin is now hovering around $15k and it is slowly increasing, if this continues we might saw Bitcoin touch $17 at the end of this year, perhaps this might occur in the last month.

Quote from: farrellronald on November 05, 2020, 01:45:52 PM

since BTC is not remained too much, some people say it may even reach $100k!!
in this manner, do you think it is worth the risk to buy bitcoin? Cry

I just saw literally a thread that says it Bitcoin will pump touch $100k-$200 at the end of the month of the year 2021, he provided some evidence as well. Anyway, I also do hope that happens, it is a little bit exaggerated though coz I doubt Bitcoin will grow that big within a small timeframe but who knows Bitcoin was still hard to predict after all. As a matter of fact, we didn't expect that it will touch $20k are we?

onecall123

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Quote from: Johnyz on November 10, 2020, 04:14:20 PM

There’s a possibility to hit that price before the year end because the up trend is still there and the correction is very normal, I’m confident that after this small correction bitcoin will continue its trend going up. Invest your free money on bitcoin instead of putting it into your bank accounts, in long term you’ll get more compare to those interest that you can get on the banks, Bitcoin will go up higher in the coming years.

Bitcoin is few step behind for that to happen, we're likely in correction so next 10-15% surge up successfully surpass the margin or even more. Bitcoin had touched $20k almost three years ago, and we're passing intriguing and insane time bitcoin could contact a level past our musings.

2double0

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The daily chart shows you have missed the train already but it is very likely that btc will be above 17k because it is very near target if I compare it with the support at @13700. All traders who are fomo'ing in this market shows that we are in for some huge price action and if a drop happens, it will be bigger than the pump. So they keep on buying and the whales too are eating up some high volume sell candles.

TimeTeller

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Quote from: ardentvolcanoes on November 10, 2020, 04:21:24 PM

Quote from: DustyRah on November 10, 2020, 12:35:45 PM

Quote from: carlisle1 on November 09, 2020, 06:27:54 AM

If you are not in a Hurry?then yes Bitcoin is worth the risk,the only problem we may have is when we are investing money from our budget to buy foods

Honestly, if you have a "budget" for food, you should stay away from investment into crypto. The price may go up or crap back down below $7k taking your money with it. Overall long term, Bitcoin should keep going up unless something else replaces it but it takes a lot of time. This is an excellent investment to throw a small some slice for retirement. Most who try to use this to try to make a quick buck or two will fail due to the volatility.

For retirement indeed it's one of the best place to place your money, having that spare where you can forget for a while. It's not a guarantee

that it will rise up high at this moment, there are still chances that it will fall back and try to find a much stronger barrier, but if you are thinking

for long term and not just a quick ride then you can store this as your investment.

But before spending your funds in crypto and thinking that this will be your long-term investment, make sure that you know the potential risks involved.
As crypto is a very volatile investment, you have no way of knowing what's gonna be in store for you for the next coming years.
So you should be prepared for what might happen to your funds. Make some alternative plans or contingencies and don't expect that it will go high as many people predicted.
Be conservative on your goals here. Set limits that is achievable on your part.

ardentvolcanoes

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Quote from: DustyRah on November 10, 2020, 12:35:45 PM

Quote from: carlisle1 on November 09, 2020, 06:27:54 AM

If you are not in a Hurry?then yes Bitcoin is worth the risk,the only problem we may have is when we are investing money from our budget to buy foods

Honestly, if you have a "budget" for food, you should stay away from investment into crypto. The price may go up or crap back down below $7k taking your money with it. Overall long term, Bitcoin should keep going up unless something else replaces it but it takes a lot of time. This is an excellent investment to throw a small some slice for retirement. Most who try to use this to try to make a quick buck or two will fail due to the volatility.

For retirement indeed it's one of the best place to place your money, having that spare where you can forget for a while. It's not a guarantee

that it will rise up high at this moment, there are still chances that it will fall back and try to find a much stronger barrier, but if you are thinking

for long term and not just a quick ride then you can store this as your investment.

Johnyz

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There’s a possibility to hit that price before the year end because the up trend is still there and the correction is very normal, I’m confident that after this small correction bitcoin will continue its trend going up. Invest your free money on bitcoin instead of putting it into your bank accounts, in long term you’ll get more compare to those interest that you can get on the banks, Bitcoin will go up higher in the coming years.

davinchi

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This is a more likely scenario than the ones I have seen on this section. A lot of people are asking if we are going to be $20k+ and there are few who are trying to break over $50k+ as well for some reason. $17k is not like that, it is realistic, it is just a 10% or so increase that would be basically putting us there, I am not saying we will be there tomorrow but I know that it is quite possible that we can get close if we have one more small run.

Having a 10% increase in bitcoin world is not that much, having a 30-40% increase is a lot, it still happens but it is a lot to ask for, it rarely happens and when it happens it is even more rare it happens at around these prices. Sure when we are at $7k it is easier to have 50% increase but at $15k+ levels having a 10% is more realistic request.

hahay

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To hit $17k I'm sure it's still possible at least in the near future to the end of the year, but there's no need to overdo it either. Optimism is good but if it's for $100k I guess it's just imagination because what kind of feat will make bitcoin prices jump up to that value. So far the bitcoin price looks really good and it's still stagnating around $15k, so to hit $17k and even higher than the previous ATH is quite possible, stay patient.

DustyRah

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Quote from: carlisle1 on November 09, 2020, 06:27:54 AM

If you are not in a Hurry?then yes Bitcoin is worth the risk,the only problem we may have is when we are investing money from our budget to buy foods

Honestly, if you have a "budget" for food, you should stay away from investment into crypto. The price may go up or crap back down below $7k taking your money with it. Overall long term, Bitcoin should keep going up unless something else replaces it but it takes a lot of time. This is an excellent investment to throw a small some slice for retirement. Most who try to use this to try to make a quick buck or two will fail due to the volatility.

lixer

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Quote from: kapalmabur on November 09, 2020, 05:31:47 AM

$ 19k can also be achieved, with the condition that Fomo continues,
now the volatility is very high, it is very visible pump and dump is happening in the market,
whether this is because Biden is winning or indeed the crypto market is being tested,
I really am curious about the future price of Bitcoin.

I seriously don't think we need to spread the FOMO in order to get better prices for bitcoins. The demand is enough in the market and day by day better news are coming like PayPal adopted bitcoins payments which was a great news and then there are some other good ones which always keep the market moving, thankfully this time around there are no negative news apart from a few guys worried that a big BTC reserve moved which didn't moved since 10 years but I guess that is not a big issue.

I am hopeful of even 20k by the end of the year but that is not because I expect people to buy chunks of bitcoins in FOMO but because I really think the demand is high and the supply is always limited because the block reward is getting small with each halving and that is the basic source of supply.

Reatim

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Quote from: farrellronald on November 05, 2020, 01:45:52 PM

Bitcoin has risen its price from the start, which was $0.08 per coin until now which is $14912.
today, I was reading a post on CoinBazar724.com which was directed from cointelegraph.com saying that BTC may reach to even $17k!!!

Do you think this is possible?

since BTC is not remained too much, some people say it may even reach $100k!!
in this manner, do you think it is worth the risk to buy bitcoin? Cry

Not this soon mate because the way Market is telling us now,it seems that there are many obstacles again before Bitcoin break another High since we fail to take $16,000 level in which written here

https://coinmarketcap.com/currencies/bitcoin/

Maybe in the Next Month of December in which will dictate the final market values,Hopefully we will at least $17,000 before January.

CyberKuro

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Quote from: Yaunfitda on November 08, 2020, 05:29:10 PM

Quote from: ShowOff on November 08, 2020, 03:42:29 PM

Quote from: justdimin on November 08, 2020, 03:22:57 PM

This is the right time to get in because I think 17k will definitely happen before 2020 ends.

There was a slight drop in price today but that is not a sign that price will fall soon. Bitcoin has been trading in this area in the last few days and it seem a bit difficult to break the resistance level above it. But who know, many prediction can even be broken only if market demand increases. There are lots of risks to be aware of when entering during high price, but whatever it is bitcoin has the potential to hit a new ATH. It is not a good idea to say that this is a good time to enter, people need to have a good analysis before determining when is the right time.

Actually it was a huge drop if I may add, - 6%, we even went below $15k for a brief moment, then I was surprised to see the price bouncing back to $15,500, so it means that we are in the bullish phase and that $17k could potentially hit by the end of 2020. Yes, there is always the big risk, but past history tells otherwise. Put in into perspective, during the last Presidential election, the price of bitcoin is just around $600-$800, forward this 2020 and the current US election, the price is around $15k-$16k.

The market on the uptrend right now showing a great potential to keep the support level above $15K, and bullish trend continuation pattern shows bitcoin may reach $16K-$17K in the near future, probably within 1-2 weeks. There are some institutional-investors are showing up and assume they will hold until at least $20k+, watch it closely as sell frenzy may occur at that point. in 2017 bitcoin price went up 4 times and then get corrected 30% afterwards drop to $13,700, we can expexct relatively the same conditions in the future.

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Quote from: ultrloa on November 09, 2020, 06:00:56 AM

Quote from: michellee on November 09, 2020, 04:58:07 AM

Bitcoin prices are closest to $15,500. I think it can break today or tomorrow, and after that, the bitcoin price can still increase to break $16k. But to break $17k, the bitcoin price will need more time because if the bitcoin market is like this, I am not sure that we will see $17k this month. Maybe it will break it in the next month. If that happens, maybe we will see the price will touch $19k at the end of this year or even the price can increase higher at $20k. It is just speculation, and no one will know the truth. If you want to make a profit, you need to wait for the uptrend and reach the highest price to make a profit again.

We are almost there but we don't know on when this gonna happen but we should not expect more since it could possibly make us left behind when the dump is coming. And although we are experience some nice pumps recently but I'm still doing a short trades for survival and damage control if the market suddenly dump hard but I expect that we will at pump so better prepare also a capital for long term hold to gain a profit if market will turns green and the past ATH will be reached.

Hopefully, it doesn't take too long to see the bear market will stay at the market, and after that, it will replace by the bull market. It seems, bitcoin price now is in the sideways mode because the price is not down or up too deep or too high, and we still the price are at the range of the price now. Maybe the price can jump to a high price or low price, but as long as we can use the moment to buy and sell, I am sure that we can make a profit. Yes, right now, the market turns green after the red candle came yesterday, and hopefully, the green candle will still be like that to help the bitcoin price break the high price.

error08

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Bitcoin may reach $17K levels within 2 weeks.
Looking at the technical analysis, bitcoin is maintaining strong support above $15K and the uptrend won't stop at this point due to some factors such as halving, institutional-investors take a part in this field, and PayPal enables bitcoin. The trend in the market still positive, as long as nothing major will affect bitcoin in a bad way, we should see it reach $20K by the end of the year.

sarmrakib

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Quote

Bitcoin has risen its price from the start, which was $0.08 per coin until now which is $14912.
today, I was reading a post on CoinBazar724.com which was directed from cointelegraph.com saying that BTC may reach to even $17k!!!

Do you think this is possible?

Anything is possible in crypto market .Btc is now on around 15K$ .Its so near to 17k$ .If we got good bull run from here we can soon touch 17k$ .It is already on uptrend now let's see how market behave with us .

Quote

since BTC is not remained too much, some people say it may even reach $100k!!
in this manner, do you think it is worth the risk to buy bitcoin? Cry

Bitcoin is always worth when you buy a uptrend .It is might risky on short term but you can easily take profit on long term but you have to be patient must .

Viscore

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Quote from: ningrum on November 07, 2020, 12:42:13 PM

the $ 14000 resistance was passed and pumped up to $ 1000 more overnight,
but now the price is correcting, yes that's healthy for Bitcoin,
because if the rise continues without correction, it will backfire on Bitcoin.

It is clear that what bitcoin is doing is certainly measurable and indeed because of the large number of requests it causes prices to continue to move up, but looking at the past few months of experience I can believe that the possibility of going down could happen again. end of the year bitcoin target may only be up to $ 15K- $ 16K only. and will continue to increase sharply in the following years.

Moving up and down, that is the most possible case to happen in one day. We're definitely not knowing when and we all just got surprised of its sudden pumps just like 2017. I can see $17k someday but that all remains in question, when?
Anyway, we don't feel disappointed once decline comes, the surge comes after the dumps and the situation isn't showing strong market resistance where it pushes the market to move high as of today. But of course, we can't neglect such volatility which it puts into possibility.

carlisle1

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Quote from: farrellronald on November 05, 2020, 01:45:52 PM

Bitcoin has risen its price from the start, which was $0.08 per coin until now which is $14912.
today, I was reading a post on CoinBazar724.com which was directed from cointelegraph.com saying that BTC may reach to even $17k!!!

Do you think this is possible?

What made you think that this is impossible to happen?look at the recent pump that Bitcoin Hit $15,700+ in value so meaning that we are
moving closer to that $17,000 that you are asking.
and also remember that we are still in Halving year so many things may change overnight,try not to expect too much but at least look for positive things

Quote

since BTC is not remained too much, some people say it may even reach $100k!!
in this manner, do you think it is worth the risk to buy bitcoin? Cry

If you are not in a Hurry?then yes Bitcoin is worth the risk,the only problem we may have is when we are investing money from our budget to buy foods
this will make us decide wrongly and may come to multiple losses.
Because the Great advise of all time is "Invest the amount you can afford to lose"

Jating

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Quote from: kapalmabur on November 09, 2020, 05:31:47 AM

$ 19k can also be achieved, with the condition that Fomo continues,
now the volatility is very high, it is very visible pump and dump is happening in the market,
whether this is because Biden is winning or indeed the crypto market is being tested,
I really am curious about the future price of Bitcoin.

I think the US election is done, Biden already won and their won't be enough FOMO due to this to push the price to $19K. We really don't think (at least in my case) that this kind of price will be possible since just last March we nosedive and hit the lowest price at just $3k, lowest low for this year and yet we bounce back and even been higher highs as well. So what are the chance of price getting into $17k?

I would say that 70% or more, that we are going to get it to this 2020. I'm optimistic that there will be new investors and fresh blood to pump it in December.

Topic: Bitcoin price to reach $17k? - page 4. (Read 1199 times)