Bitcoin Will Surge to 62k! | Bitcointalksearch.org

arpon11

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Quote from: Febo on June 21, 2019, 08:57:05 AM

Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who do not know crypto yet.

That is actually a possible outcome. This bitcoin cycle might not repeat the last one but the 2013 one when there were 2 bull runs. April and December. So this $62k ATH can be the April 2013 $230 ATH. And then we wait for December 2013 $1200 to finish this cycle. I am not sure if this first bull run is possible this year. But definitely should happen next year. The second one will be about a year later.

This is speculation Sir and strongly believe that it might come to pass as the next bull is about to commence. I think bitcoin is going to explode after $10,000. The 2013 first bullish run is going to repeat at this time though, it might not get to $62,000 but we should expect significant changes in Bitcoin price. If I were those that buy Bitcoin or have in mind to buy Bitcoin when it falls from around $20,000 to $10,000 in 2017 to the middle of 2018 I will take another investment decisions again as now we are more positive than then.

Slow death

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

another exaggerated forecast, I can agree that someday it will be possible to see the price reach $ 30,000, it may be 5 years from now, but $ 60,000 by October this year? is a very high price and impossible to be reached. Where do they get these exaggerated forecasts? will be that before posting these predictions these guys think and do some kind of analysis?

Febo

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

That is actually possible outcome. This bitcoin cycle might not repeat last one but the 2013 one when there were 2 bull runs. April and December. So this $62k ATH can be the April 2013 $230 ATH. And then we wait for December 2013 $1200 to finish this cycle. I am not sure if this first bull run is possible this year. But definitely should happen next year. Second one will be about a year latter.

timerland

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

It seems like yesterday when the mainstream media seemed to be ultra-bearish and calling for bitcoin's demise every single day. It just goes to show how sensationalist they are, and how much they are influenced by mainstream investor sentiment. It is a quality indicator of market sentiment, though, I'll tell you that. As to the actual analysis, not so much.

Right now, I would not jump to conclusions and say that BTC will even move above the all time high by this year. Let's not forget the fact that this bull market is still in its infancy and will likely see a lot of resistance at least for the latter part of the year, as investors are still somewhat uncertain as opposed to fully euphoric as what happened in 2017.

I think that given the improved fundamentals, such as LN and the recent inflood of institutional investors, and their BTC-based trading activities, these predictions of a 6 figure bitcoin are not entirely possible - but I feel like that they are based off arbitrary numbers as opposed to any tangible evidence. And if they were to happen, I think they will occur much closer towards 2020 when halving will have a psychological factor on investors, as opposed to now.

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Quote from: samcrypto on June 20, 2019, 10:46:07 PM

Quote from: rhomelmabini on June 18, 2019, 07:22:56 AM

I am awaiting for 2020 that if $500k will not happen John McAfee will eat his dick on national TV. If at least beating the ATH happens I'll be happy about it, because that's more realistic, FOMO will happen again on the market.

I don’t care it he will eat his dick or not but this guy is really not good in cryptomarket, that’s too my speculation and he is just make people panic. $62k might be hit not because of any prediction of any celebrities but its more on new changes like the next halving in 2020, $30k is my prediction un the mid term of 2020.

John McAfee have some serious problem on the way he thinks, you can't trust this guy.

Check out the latest news about him. It's funny. Grin

McAfee’s Body Double Was Poisoned, John Blames The US Government

samcrypto

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Quote from: rhomelmabini on June 18, 2019, 07:22:56 AM

I am awaiting for 2020 that if $500k will not happen John McAfee will eat his dick on national TV. If at least beating the ATH happens I'll be happy about it, because that's more realistic, FOMO will happen again on the market.

I don’t care it he will eat his dick or not but this guy is really not good in cryptomarket, that’s too my speculation and he is just make people panic. $62k might be hit not because of any prediction of any celebrities but its more on new changes like the next halving in 2020, $30k is my prediction un the mid term of 2020.

Shinpako09

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Take it easy man, you're getting too much excited because of the rise we are having. We'll be there soon, if not next year maybe in the next chance of having ATH again and so on. I'll think of new ATH later. As of now, let's see and wait if btc can sustain $10k once we reached it. If btc show resistance in $10k and moved up again then it's very clear we are on our way in setting a new ATH.

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Quote from: BrewMaster on June 19, 2019, 12:00:19 PM

Quote from: UnDerDoG81 on June 19, 2019, 07:01:10 AM

I start noticing positive news in German media. FOMO is building slowly. 60k is possible. And my target point is 50k.

i am noticing it in other places too, for example another forum (unrelated to bitcoin) that i sometimes visit has been having a couple of heated bitcoin topics talking about it.
this is somehow starting to look like 2016 again as we get closer to halving and people come back after the big recovery and the hype builds up.

That's good, it shows the growth of bitcoin as well the market widening. Everyone has similar opinion that the market is same as the past, over the days of 2016 the growth was almost in the same pattern taking place in a gradual manner. Further the expectation based on halving kept people to hold it for a longer time period. The one who kept hold profited with the 2017 bull market which got ignited by the days close to halving.

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

Well it's free to speculate and we have different opinions and I think that the price is continuously move up iit will possible to reach $64k price this year. Hopefully it will be happen to it will be great for all.

Lanatsa

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Quote from: South Park on June 20, 2019, 04:18:29 PM

Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

It seems that we are back at the stage where people are going to begin to throw all kind of wild speculations about where the price might go, and in order to bring more traffic to their website they will begin to give higher numbers and weak explanations about why that price may be reached, now do not get me wrong if bitcoin reached a price anywhere close that level I will be the first person to celebrate and being euphoric about it, but I am not counting on that prediction to become true.

Dont be surprised and same as yours im already get used to it for these kind of wild predictions when it comes to prices.
They do took advantage and fooling up people by clickbait into their site.$62k is too much and its really very unrealistic for people to claim.
Why not people would just stick out first on how to break the previous ATH?

South Park

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

It seems that we are back at the stage where people are going to begin to throw all kind of wild speculations about where the price might go, and in order to bring more traffic to their website they will begin to give higher numbers and weak explanations about why that price may be reached, now do not get me wrong if bitcoin reached a price anywhere close that level I will be the first person to celebrate and being euphoric about it, but I am not counting on that prediction to become true.

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Quote from: UnDerDoG81 on June 19, 2019, 07:01:10 AM

I start noticing positive news in German media. FOMO is building slowly. 60k is possible. And my target point is 50k.

i am noticing it in other places too, for example another forum (unrelated to bitcoin) that i sometimes visit has been having a couple of heated bitcoin topics talking about it.
this is somehow starting to look like 2016 again as we get closer to halving and people come back after the big recovery and the hype builds up.

qwertyup23

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Well anything could happen as no one can ACCURATELY predict what will be bitcoin's price in the following years to come. History of its price may show an upward scale since this year's third quarter showed signs that its price may surge. But purely basing it on historical data may give inaccurate conclusion as external factors (such as: massive bitcoin ban, prohibitions, unexpected market scams, etc.) should be also considered.

It is still highly advisable to at least HODL the bitcoins you are willing to risk and lose.

SquallLeonhart

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62k is too specific to be considered an acceptable price. I mean 20k was a round number, 10k is a round number, usually people make stuff up with round numbers too, like "bitcoin will be 100k" or "bitcoin will be 1 million dollars each" like john mcaffee told us couple years ago which I think is crazy but who knows this is bitcoin maybe it will be a million dollars each in decades, not now but its possible to happen in the long long long future.

However, one thing is for sure that bitcoin will break 20k, I am 100% sure that we are going to break 20k very soon, I believe it will happen before 2020 halving as well because the reality is that halving will make sure miners earn less even though they are now making more money with transaction fees but the fees are getting lower with segwith and LN as well so they will be selling for a lot higher price than current one which will help us get to 20k.

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You'll note that none of the bulls in the speculation game threads (check those out, you can't miss them) have even predicted half of this amount... by Autumn 2019 no less!

Sadly, I have not managed to insert any new names into my head after getting tired of Tom Lee et al... so I'm afraid DonAlt rings no bells and will probably not even if I come across him in future.

Edit: Ah Galaxy, of course. Basically, he's only saying IF this is just like 2017 (which it's not heh).

UnDerDoG81

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I start noticing positive news in German media. FOMO is building slowly. 60k is possible. And my target point is 50k.

jademaxsuy

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

This is a purely speculations and basing only on the graph of bitcoin market price movement that had made ATH from the past specifically in the year of 2017. But, I do not think that it will going to happen for whales also are ready to sell their holdings once their target profit will be reach. Aside from that short term holders also will going to sale their holdings following the flow of bitcoin market price movement.

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Has anyone really read who is behind this speculation? Some guys who post their TA on Twitter based on their playing with history charts which say that because of some things which happens in past bitcoin will reach "$62 000 by the end of October", and not 2020 or same year after that, but this year, or to be more accurate in just 4 months. Too bad they do not say from where will come all that money which will pump price from $9k to $60k in such short time, so I can sell everything I have (including one kidney) and go all in BTC.

Quote from: avikz on June 17, 2019, 10:16:09 PM

If this happens, it will do much devastation that you can think of. Millions of people will be arrested by the financial regulatory agencies because these people will become millionaires or even billionaires in a very short span.

I do not see why anyone should be arrested if he earned the profit legally and paid the tax on it? Also someone who has 1 BTC or maybe 5 BTC will not become millionaires if price hit $60k, and there is no too much people who have 15 BTC+ today. In the end, why should I even convert my crypto to fiat when I can spend it directly to products and services that accept bitcoin as a means of payment?

el kaka22

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Do not mock people who say bitcoin will be 62 thousand dollars or any other silly looking price because in reality it definitely will
reach there, just maybe not as quickly as you may imagine. I mean think about if would you believe someone if they told you bitcoin will be 62k and even more in 2030?

You probably would believe them because that is 10 years ahead and there is a big chance bitcoin will be that much before 2030 comes, however if someone tells you it will be 62k this summer you would have trouble believing them. So, if you are going to deny a prediction please use the dates as wrong and not the price, do not say "no it will not be 62k", please say "it will not happen this summer", that tells people that bitcoin will reach there but not at the correct date which tells people you believe the bull run in the long run.

iqlimasyadiqa

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Bitcoin has given a lot of surprises in recent days, there has been a very significant price surge and of course this has made more people more confident about the price of Bitcoin. The price of Bitcoin is currently in the range of 9,200USD, there will still be many surprises and I hope the increase that occurs can run smoothly and stably.

1Referee

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Quote from: pealr12 on June 18, 2019, 10:38:42 AM

No one knows what will happen to bitcoins price . Ive seen the video of ivan tech on youtube and on social media sites regarding this prediction that bitcoin will be on a bull.run and will hit $60k.

That guy is just rehashing what the general sentiment is amongst people. He doesn't know a single thing more than you or anyone else when it comes to what the price will do. Don't let his subscriber count think you he's an expert or guru. He definitely is not.

Quote from: pealr12 on June 18, 2019, 10:38:42 AM

Is this the time to accumalte bitcoin?

Where were you when the price was hovering below the $4000 level? Roll Eyes

Best accumulation is when you buy Bitcoin when people don't want to touch it even with a stick. Right now the noobies who didn't dare to buy Bitcoin (probably because they thought it would go to zero) are now getting tempted again.

Quote from: pealr12 on June 18, 2019, 10:38:42 AM

Sell my altcoins and put it on bitcoin?

I think you're too late already since most altcoins have taken a massive dump in terms of their BTC value. It's up to you of course, but use your fiat to buy Bitcoin.

harizen

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

I will just include it to another list of speculations we have. The same approach to others analysis around, no one knows what will happen.

Reaching another ATH is always possible even during times of the year-long bearish market. Therefore, it has always rooms to happen. The question is "when".

Some of the recent technical analysis is based on bitcoin's price recent movement and behaviour. Since we can clearly see the dominance of green candles, expect that most analysis will always be pointing upwards. It will create a good hype resulting for more buying action. But always remember that the momentum can be spoiled anytime. I like how the price is behaving this year, not making a quick jump but also has some dips along the way. Slow progress with strong foundation compares to 2017 hype. I don't mind waiting for more years just to reach another ATH. As long as every price level established a good foundation, we can't expect that there will be no such thing as a big crash that will happen on the way. Don't want to see bitcoin price reaching below $3,000 after many years of withstanding the volatility.

creeps

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Quote from: LFC_Bitcoin on June 18, 2019, 07:02:06 AM

Quote from: philipma1957 on June 17, 2019, 10:53:48 PM

I see 20-30k by April 2020

Me too, April is approx one month before the halving. When the halving starts to take effect (post halving) we could see $100,000 per bitcoin, I’m thinking around a year after the halving.

We’ve been talking about the halving and yes I’m also thinking for that price to hit. This year $15k will be the peak, and next target is to create new ATH on the early part of 2020 as many hodlers wants to hold more. $62k for bitcoin should begin after the halving, we have to take it responsibly so hold more if you can now.

BitHodler

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Quote from: rhomelmabini on June 18, 2019, 07:22:56 AM

I am awaiting for 2020 that if $500k will not happen John McAfee will eat his dick on national TV.

If you think he meant it you're probably just as far gone as he is. McAfee has already denied having made predictions in the past, where he even claimed that it were imposters having made these predictions. Cheesy

I honestly believe that the best way to deal with this market is to at least hodl until we're close to the $20k mark, or until the block halving takes place (whichever comes first).

People securing profits hoping to buy back 25-30% lower have been doing bad because the correction they have been waiting for didn't happen. It's always in hindsight that people regret not having held longer. Don't make that mistake again.

Reid

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It could happen but who knows when.

I do not believe in the timeline that is given by any analysts. Hell, I do not even have my own.
20k is almost an earth shaking price that really made the world to know what bitcoin is.
Now 62k price speculation? That might make a chaos to the financial industry.

I would very much like to see the fall first after we hit a 20k price. The buyers from that amount is still in queue by now. They are in the shadows waiting for the right time to dump it and then maybe going back to sleep after a long wait.

serjent05

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It would be best if this so called expert show reasons why Bitcoin will go to that price not just some history telling stuff. It would be great if this experts detail us how Bitcoin will break this 10k, 15k ...60k resistance. Since they have their crystal ball, why not tell us the next event of why this resistances will be broken and eventually Bitcoin going to 62k this year.

Remember.. Bitcoin had shamed lots of expert TA people. That is just one incident and there are way more.

mersal

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Looks too much for me but its kinda possible when the bullish trend keep continues.For example lets take last 24 hour price increase it was nearly $1000 if that growth continue for months definitely we may see some crazy price for it.

Just hope for this prediction will come true,until strong hold. Grin

omonuyak

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

I wish that to happen and I have made up my mind to keep holding till then. I have set 25% of my 2017 gain as a saving am my aim is to become very rich through cryptocurrencies before 2025. I believe that the little we have now are going to turn to millions in dollars in some years to come.

pealr12

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No one knows what will happen to bitcoins price . Ive seen the video of ivan tech on youtube and on social media sites regarding this prediction that bitcoin will be on a bull.run and will hit $60k. Is this the time to accumalte bitcoin? Sell my altcoins and put it on bitcoin?

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Quote from: LFC_Bitcoin on June 18, 2019, 07:02:06 AM

Quote from: philipma1957 on June 17, 2019, 10:53:48 PM

I see 20-30k by April 2020

Me too, April is approx one month before the halving. When the halving starts to take effect (post halving) we could see $100,000 per bitcoin, I’m thinking around a year after the halving.

yeah, people these days are so busy with the small ups and downs and all the FUD that they are feeding them that they have missed the bigger picture that this year, no matter what the price is, they have to accumulate if they don't want to miss out on the big boom that is coming in 2020 due to halving and all the additional stuff that we are having.

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Quote from: philipma1957 on June 17, 2019, 10:53:48 PM

I see 120-130k by April 2020

I see^a little later Cheesy

Of-course we all see and see but just will stick with the narrative that what BTC will provide us...

@This moment i'm already happy with what is going on!

YuginKadoya

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Don't just believe in everything the news or article can offer anything can happen with the price of bitcoin and if they are looking at the recent movement of Bitcoin then they can be half percentage correct about it, But the price of bitcoin had a big possibility to simply go $10,000 USD next week or even the other day, But in my opinion just rest and think about the real possible outcome it can get, and wait for the next movement to come.

rhomelmabini

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I am awaiting for 2020 that if $500k will not happen John McAfee will eat his dick on national TV. If at least beating the ATH happens I'll be happy about it, because that's more realistic, FOMO will happen again on the market.

LFC_Bitcoin

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Quote from: philipma1957 on June 17, 2019, 10:53:48 PM

I see 20-30k by April 2020

Me too, April is approx one month before the halving. When the halving starts to take effect (post halving) we could see $100,000 per bitcoin, I’m thinking around a year after the halving.

Pursuer

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Where is my ring of blades...

hold your horses... let us first break the first major resistance at $10k and start targeting the previous ATH before coming up with new ATH predictions not to mention that it is impossible to predict them since by the time we are seeing a new record there is such as surge and lots of money flowing in that the resistance is practically nonexistent so price can stop at any level. just like the $20k was unpredictable.

wheelz1200

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Bitcoin will not always follow the same path as it did before. It night follow a similar path but I expect more people to take profits along the way which will provide greater resistance. I could be wrong and it could spike higher than that. But psychologically it is tough to keep bitcoin profits that high on "paper" for a lot of people.

Wilhelm

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I'll take the 62k Cool

Vaskiy

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We can come across more price predictions over the days as bitcoin has gained good momentum crossing $9000. To cross the $9000 barrier it underwent several price corrections. Possibly what we experience in the market is the real growth without any form of price manipulation from the whales. As the market looks bullish, can expect some form of manipulation from whales over the weeks.

jossiel

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They will come out again as the market shows dominance again. $62,000 is of possibility but for this year, I don't see it happening. These predictions that comes out from these 'experts'. I think it's more of giving that emotion to the people and say 'hey come in, we're mooning soon'.

So that people will FOMO and will start buying.

adaseb

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BTC does have crazy FOMO periods where there is basically no sellers and people are paying crazy prices to buy some. This is why when BTC broke $10K last time, it very quickly went to $20K.

I remember bitcoin ATMs were pretty much running out of coins to sell, if you wanted to sell BTC for fiat they even waived the fees for you. There is also the exchanges which had to pause signups because they couldn't deal with the huge demand.

So yes $62K is possible but I think we might get $12-13K instead, something more conservative.

michellee

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Bitcoin can go to any price without telling us, and everything can happen later. Although many people can say bitcoin will reach A price, still, they don't know how higher bitcoin can reach. The only thing we can do is just be patient, waiting for the time will answer. Meanwhile, we can buy bitcoin from now so we can make a lot of money from bitcoin. Don't panic if our calculation is not right because I think that will be only temporary because bitcoin will increase higher later.

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

This is some sort of speculation and some sort of technical analysis

Yep, still it's more a speculation Wink

Predicting the future is always like this. Do you have, by chance, a crystal ball to lend? Grin

Quote from: philipma1957 on June 17, 2019, 10:53:48 PM

I see 20-30k by April 2020

By the numbers people are throwing these days (50k, 100k, 1M), you sound almost pessimistic

I'm already happy with the current levels. ~9k is a good halt. I will not forget that we were at 3500$ just 4 months ago.

figmentofmyass

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Quote from: avikz on June 17, 2019, 10:16:09 PM

If this happens, it will do much devastation that you can think of. Millions of people will be arrested by the financial regulatory agencies because these people will become millionaires or even billionaires in a very short span. Banks will go nuts and start campaigning against bitcoin and other crypto assets when they will see people are withdrawing money to invest in bitcoins. Tax officials will loose their sleep to calculate the numbers of new class of rich people in their country. And a new class of people will rush to invest in bitcoin during ATH.

why would this happen at $60k but it didn't happen at $20k? seems like a bit of an exaggeration to me. Wink

Quote from: avikz on June 17, 2019, 10:16:09 PM

Parabolic rise is not great! Slow and steady always wins the race. People will at least have some time to digest the facts!

slow mooning is the best kind of mooning. we're agreed there! inevitably though, strong demand leads to parabolic rises. with bitcoin, this can't be helped.

jseverson

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Quote

Year 2017 had a similar weekly candle set-up as the one today, which was followed by a 570% price increase over the next 147 days.

Another similar price increase puts BTC price at ≈$62K by the end of October 2019. #bitcoin $BTC pic.twitter.com/M7NkHthY2M

— Galaxy (@galaxyBTC) June 17, 2019

It's not as much a prediction as a reading based on past movements. I do believe that Bitcoin can get to those levels (at some point, at least), but not because of this reasoning. It's basically impossible for prices to move the exact same way and in the exact same timeframe as they did in the past. Going from ~3k to ~20k is also way different from going ~9k to ~60k.

AGD

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Keeper of the Private Key

Quote from: pooya87 on June 17, 2019, 10:42:45 PM

haha, price started rising again and everyone became "experts" in predicting bitcoin price. literary every bitcoin related news outlet out there are publishing optimistic speculations about how price is going to be such and such high-prices next phase. i wonder where were all these "expert" speculators when price was at the bottom and we were saying it is time to accumulate and price is going to the moon soon? by then all the same news outlets were publishing pessimistic price speculations talking about how price is going to fall to $1000 soon most of them from the same people!

That's about it. Real experts don't care about the price in FIAT.

stadus

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Hhampuz for Campaign management

What I just notice, more analyst now are bullish and giving high price prediction, I called this a great recipe of FOMO, once bull run comes, price could rise higher and higher that could be higher than our expectation. Actually 62K is possible as bitcoin has a history of crazy movement.

udayantha11

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2023 would most likely be as bearish as 2022

no never, do not think about so far. in this bull run also do not expect to go 50000$ even. As per my experience , sure its stopped by 25000$. But do not invest all your money , it will be worst decision you have ever met. you invest what you can afford to loose.

Kemarit

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Of course we wanted to see the price going on another massive run, but let's be realistic for one second here, $62000 BTC a pop this year? Hmm, it's weird, I thought we need to break the 5 digits first, (in which we still haven't) and then go on after the last all-time-high, before we talk of another exorbitant price increase this year. What will happen prior and after the bitcoin block halving then? 6 digits in the horizon? Why not wait for a slow but steady rise. Parabolic rise will do good short term, but long term though it could have a devastating effect on the market.

CryptoBry

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

There will be no shock because this another bitcoin "prophecy" will never happen. We have already seen, heard and even laughed at so many rosy, colorful and excited predictions about what can soon happen with the price of bitcoin but many of them are not based on the reality and I think just meant to command the attention they need. Definitely, bitcoin will rise due to many good factors but predicting that it will almost magically go that's already bordering on the entertainment side of things. I prefer to just wait and see. A slow and steady growth of bitcoin is what we should wish for...as overheating can be causing a lot of problems -- well, just like in a car!

philipma1957

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'The right to privacy matters'

I see 20-30k by April 2020

pooya87

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haha, price started rising again and everyone became "experts" in predicting bitcoin price. literary every bitcoin related news outlet out there are publishing optimistic speculations about how price is going to be such and such high-prices next phase. i wonder where were all these "expert" speculators when price was at the bottom and we were saying it is time to accumulate and price is going to the moon soon? by then all the same news outlets were publishing pessimistic price speculations talking about how price is going to fall to $1000 soon most of them from the same people!

electronicash

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and many will kill themselves too after a nose dive. sure the peice will also dump whe it reaches its ATH. but more of us will also be happy about this price surge. i don't think financial regulatory agency can find fault to us when we re just doing business after all if you are alaw abiding citizen you will pay the tax.

avikz

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

Lol!! Anything can happen! A lot of analysts say a lot of things to gain some visibility and I must say this one is no different! Pure speculation which will turn a lot of eyeballs to this fellow! Nothing to bank on really!

Quote

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

If this happens, it will do much devastation that you can think of. Millions of people will be arrested by the financial regulatory agencies because these people will become millionaires or even billionaires in a very short span. Banks will go nuts and start campaigning against bitcoin and other crypto assets when they will see people are withdrawing money to invest in bitcoins. Tax officials will loose their sleep to calculate the numbers of new class of rich people in their country. And a new class of people will rush to invest in bitcoin during ATH.

Parabolic rise is not great! Slow and steady always wins the race. People will at least have some time to digest the facts!

Muzika

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Activity: 980

Merit: 261

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

Topic: Bitcoin Will Surge to 62k! (Read 490 times)