Bitcoin price to reach $17k? - page 5.

ultrloa

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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.

kapalmabur

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$ 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.

michellee

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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.

btc_angela

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Quote from: finaleshot2016 on November 09, 2020, 03:11:01 AM

Yes, it might be possible. The price keep resisting recently, and now the current price is $15k which is closer to $17k. It's early november and there are plenty of time for bitcoin to resist until new ATH met this year 2020. However, the current is very unstable due to volatility but it doesn't matter as long as the momentum of increasing is still there.

$17k is possible next few weeks since bitcoin have already resisted the $16k recently.

And the price went to $15.5. So it has resisted going below $15k at least. Obviously this is like $2k or less to $17k and this market moves very fast as we have seen in just 2 days alone, the price jumps to $16k.

Yes, it is still this early, we have one full month to go, so plenty of time and leg room to push the market to $17k, so it is really possible. Not unless there will be some massive FUD again or negative news. But the last negative news we have, those $1 billion worth of etc from the Silk Road move, but it didn't put any significant dent on the market price.

finaleshot2016

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Yes, it might be possible. The price keeps resisting recently, and now the current price is $15k which is closer to $17k. It's early November and there is plenty of time for bitcoin to resist until new ATH met this year 2020. However, the current is very unstable due to volatility but it doesn't matter as long as the momentum of increasing is still there.

$17k is possible next few weeks since bitcoin has already resisted the $16k recently.

I remember a thread about this, last 2 months ago where BTC can possibly reach $17k or fell down to $9k.—Bitcoin can fall up to $9k or rise up to $17k - which one will happen.

STT

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I see this as a triangle formation and likely to resolve this week, so aspirations higher rely on a sequence here of lower highs not continuing but breaking upwards. Similarly if we fall further down, we need to at least hold 14000 as ledge for this higher area in price action.
We're far past normal moving averages, just the basic momentum trading takes. We are climbing without a rope if you can get how I'm trying to frame this that at some point it becomes more dangerous if a foothold is missed in the pattern, presuming we follow any regular pattern as news could still overwhelm anything short term.

Yaunfitda

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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.

ShowOff

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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.

justdimin

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This is the right time to get in because I think 17k will definitely happen before 2020 ends. For how horrible of a year 2020 was I believe it was one of the best years we had in crypto world, will probably be remembered much better than 2017 as well because we averaged a lot higher during this period as well, in 2017 we peaked at 20k but we were much much lower most of the year, this year we always lived above good levels and most of the year was 10k+ and now at 15k levels.

Even if 2021 reaches a new higher level than this, we will remember 2020 as the year that started that increase and only poured into 2021. So yeah, if you ask me I would say 17k is possible and looks even more possible now, that drop was a correction that got rid of all big sellers and now there is no reason why we can't be over 17k very soon without those sellers in our path.

suzanne5223

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First of all, Bitcoin can clinch any price range but people need to be realistic when they make predictions and don't base their prediction on the current momentum of the market which can change at any moment due to the volatility in nature of the market. However, the market is going green but still very unstable.
With that been said, I believe the OP makes this thread to advertise his site which link was also on his profile.

Raflesia

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In the past, bitcoin has dropped to $14,600 and now it has come back above $15,600 so the possibility that the market is in a bull run is really happening. It really went up so fast after I watched and believed it was so easy. Will this be the end of a glorious year where prices will continue to soar?
Many predictions have measured this.

It was right yesterday to buy bitcoin if you have no doubts now then do it before it's too late I am sure this increase will continue as the economy continues to improve lots of positive things in bitcoin news FUD is losing to new news so there is no doubt and reaching $17k is possible before changing year.

Fortify

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It looks like bitcoin is bouncing around all over the place, I think with the recent upward trend that any dips are going to end up as a "buying opportunity" that big players will take to fill in whatever quota they need. You just know that Paypal will be buying up lots of bitcoin in a sort of stealthy effort right now. Combine that with lots of hedge funds and investment vehicles who suddenly have the green light to buy into cryptocurrency as an asset, then you can only imagine that it will continue driving upwards in price. It seems very possible that bitcoin could break the $17k level this year, as it stormed through $15k and then $16k within a matter of a few days.

LUCKMCFLY

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Bitcoins should be bought if you have the opportunity, because it is the safest investment there is, the good thing is that Bitcoin represents the safest action if you want to see it from a point of view analogous to the stock market, most investors do their studies For the action that can give the most beneficial result in the long term, in this case bitcoin can give benefits both in the long and medium term due to volatility.

The wonderful thing about investing in Bitcoin is that it can happen that you buy bitcoin today and the scenario may rise tomorrow, it is an unpredictable market both to go up and down in price, but so far it represents a security at the time of investment .

kpierce77

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Quote from: Bekuciwu9 on November 08, 2020, 10:20:56 AM

Quote from: Oshosondy on November 05, 2020, 02:40:00 PM

Thats true,Paypal news fueled the Bitcoin and helped it to reach 2017 levels. When you think about it, we are so close to new all time high, and if whales decide it that can happen in a few days. If i remember correctly it only took ten days for bitcoin to come from these levels to $19,000 so it could happen again and we end up this year with new ATH. At that level fomo will kick in and then we can expect real hype and further increase of the price.

For me now I feel the vibes are almost the same as in 2017. But with the announcement from Paypal (where they have a large community and user base), I feel that the bullish this time will be healthier when compared to 2017. maybe after hiting the new ATH there will definitely be fluctuations again, but in my opinion the bullish will last quite a while

wheelz1200

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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

Price per coin was much lower than $.08. First recorded transaction was 10,000BTC for about $40 worth of pizza and soda. But to answer can it get to $17k here soon. Yeah it really wouldn't take much of a push at this point. I can easily see $17k by end of year. A one or 2 day push is all thats needed to get it there.

Bekuciwu9

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Quote from: Oshosondy on November 05, 2020, 02:40:00 PM

Nobody knows where the price of bitcoin is heading to for now, but it seems more bullish than ever before since 2018, with the way traders are trading future and margin, I think it is very possible. PayPal and other news related to banks wanting to be providing crypto services are parts of the reason for the increase.

Thats true,Paypal news fueled the Bitcoin and helped it to reach 2017 levels. When you think about it, we are so close to new all time high, and if whales decide it that can happen in a few days. If i remember correctly it only took ten days for bitcoin to come from these levels to $19,000 so it could happen again and we end up this year with new ATH. At that level fomo will kick in and then we can expect real hype and further increase of the price.

Yamifoud

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Quote from: bitzizzix on November 07, 2020, 01:28:59 PM

Bitcoin's price to reach 16K or 17K is easy because the current price is very close to that price and there is a possibility that it will, but what we are seeing now is that bitcoin price is slowly dropping to 15K and not continuing to rise as we expected.
and in my opinion, the current bitcoin movement is more appropriate to maintain seeing the continuation of the movement of bitcoin towards the end of the year, and still have to be careful because bitcoin can turn things around suddenly and does not match any predictions or news.

They're something we need to be aware of, the market drops after the US election is done. How's possible that the coming days will be declining? Isn't it possible but we keep ourselves being positive which is actually good but we shouldn't be confident as well, we know how volatile we are that dumping scenario isn't new to us after hypes?
What I want to say is that we should also be prepared for a sudden change in trend. $17k is not away far but we don't ignore FUD's which could pull down the market price. $15k-$16k is closely that range to stay until the end of the 4th quarter.

bitzizzix

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Bitcoin's price to reach 16K or 17K is easy because the current price is very close to that price and there is a possibility that it will, but what we are seeing now is that bitcoin price is slowly dropping to 15K and not continuing to rise as we expected.
and in my opinion, the current bitcoin movement is more appropriate to maintain seeing the continuation of the movement of bitcoin towards the end of the year, and still have to be careful because bitcoin can turn things around suddenly and does not match any predictions or news.

ningrum

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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.

Noctis Connor

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This could be playing at 15,000 usd to 16,000 usd no one know what could be real price of bitcoin so far as we could knew is someone withdraw a 1 billion worth of bitcoin from his/her account, at this could be possible if its really reasonable where elections in the US are finish. Maybe there will be an impact in currencies. and if there will be a pump happening in bitcoin there's a big chance for it and i am sure.

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