Topic: BTC is about to crush major resistance points (very bullish) (Read 1329 times)

For reaching $10.000 is a bit difficult to reach this month,the bitcoin need to multiply the price in 3 months which I think is impossible, the peakest price I think is $7000, but for sure we are entering bullish mode and to be honest we need all the help we need, if china joining it will help bitcoin price to go higher, but we still will doing fine without them

There is no doubt that bitcoin is very bullish as of now, considering the fact that there are a lot of good news being brought out. There is amazon accepting bitcoins as payments, legalization of countries, such as india, malaysia and others, japan's support of 11 bitcoin exchanges and the most recent one, goldman sach's support of bitcoin, since they will be making their own exchange, let us also not forget dubai's own cryptocurrency, i think this support had given enough information to people that bitcoin is not a fraud. There will be more positive news regardig bitcoin and other cryptocurrency, we must all be ready for bitcoin to beat uts own record high of 5000 usd, we all know that there will be an upcoming fork and it will again give a lot of opportunities for investors, i think we can expect now before the end the year that bitcoin will give us a new record, and that is over 6000 usd or even much higher, since a lot of countries and internet based companies are accepting bitcoin, let us also not be so lax, since we all need to have a plan, and make sure that whenever the market is high or low, we still have winning a situtation. Hopefully with all this positive news, those bad mouthing  bitcoin will come a halt and realize that they cannot compete with bitcoin, since it is legal and a legitimate source of income.

you are not going to become rich just because Amazon started accepting bitcoin. the price may rise but it won't be a gigantic one because these types of things don't magically create additional demand in short term. the rise will be the result of good news and the already existing demand buying more.
the effect of Amazon and others like it, are only in the long term and a slow rise up as the adoption grows slowly too.

Amazon is not accepting bitcoins, this rumor is based on air and nothing else. The day Amazon accepts bitcoin is the day we all become rich, but it is not happening anytime soon.

seems ATH will be touch again this month ,it's awesome,bitcoin is so strong that on one can beat it down, hope we can see $10000 soon.without china ,bitcoin can do even better .

Seems the acceptance of google and amazon flares up Bitcoin to become more bullish.  The current atmosphere supports the uptrend of Bitcoin, even news about FUD had already silenced.  Then the upcoming implementation Bitcoin network upgrade seems to be the steroid for Bullish Bitcoin.  With these things currently roaming around the Bitcoin Atmosphere, we might see series of ATH breaking event this next days.

Seems like we will see 5000 this month.  I don't know if it will go towards 6k though since a lot of people will be selling at 5k.

gone over 4400 in the last 24 hours.. will it continue this upward motion in October?? Gone up $500 in the last 7 days. Mid-October $5000??

The technicals are pretty clear right now, but the fundamentals are also looking bullish at least until november.

My thesis is that people are going to FOMO to buy bitcoin in order to receive the free money from the forks that are coming soon (Bitcoin Gold in 25th October and Segwit2xCoin somewhere in November).

So it is very convenient to be holding BTC before these dates, which is why I think we will see an all time high before 25th October. Remember that if you are not holding the coins in your own wallet, you will not receive the coins on the forked chain.

        The major technical analyst has evaluated the current and the future growth rate  of bitcoin and they come to the conclusion that if the bitcoin price is surpassing the current major resistance level of 4100 USD it can climb up to USD 5500-6000 level. Also they are expecting the possibility of a bullish market on November
and December.

Your forecast is very accurate and I  think we have resume another bullish market and this time around we may go as high as $6,000. The key resistance level was broken yesterday and we may  actually see a push towards $4,650 by early next week. I think now is the right time to buy and hold till we get to $6000 Fibonacci  extension level. I also believe that the Chinese regulatory agency news of banning bitcoin tomorrow is not going to affect us as rumors has already influence bitcoin pricing since last week.

Because China loves to have full control over things, and they also like to do this back and fort with bans (there is a long history of this happening before).

So they ban the thing, buy the dip, regulate it and issue licenses, then they come back with an unban under said licenses, price skyrockets and now they are richer upon further FUD for further dip-buying activities. That is how they work.

Holy shit, if that's true, bitcoin might hit new ATH very soon. all these chaos which created by china will soon turning to a big pump month.
by the way, why did china ban both exchanges and bitcoin and then unban it again?

Woot I really expect that you are right. One will expect bitcoin to get as high as that, but the possibility that it happens this week is just too much.

i do not think that will effect the price of bitcoin anymore, as we can see that because of that bad news about China banning bitcoin the price was dropped from 5000$ to 3000$ and after a long time bitcoin now recover its position therefore i do not think that we are expecting any other downfall in the price of bitcoin. hopefully this time the price of bitcoin will continue increasing for a long long time.

Too early to say so, as bitcoin could recover above $4100. The only thing which should be watched is another bad news about China completely ban bitcoin. But apparently, they still haven't done it, letting the market continue to speculate, before another crash occurs if something going so bad.
More over, November hard fork in November will be happen, whether people will buy more bitcoin to get free coin or prefer to convert into cash.

I also think it's still a bluff. Remember this: China will be back in full force when they make ICOs legal again under certain licenses, and also exchanges will be made legal again, too, if the exchange providers are following a license of the Chinese government's taste. These guys did not only buy the dip, but now that they bought a ton of cheap BTC, they will pump in again by unbanning both ICO and exchanges, sooner or later it will happen.

why do you call it "bluff"
it was some reality about banning ICOs and also closing exchanges then there was all the FUD about banning bitcoin and mining and all kinds of weird stuff about China and bitcoin.
and none of it matters at all. even if all the FUD were true, the price would have came back here just like it has now! these things can not affect the free market for long.

After China's bluff was called, the road seems clear with no major bump in view but the November hard fork. Since it is still a while before November, I see the price of Bitcoin pushing pass the $5000 level before long and then recede to await what becomes of the hard fork.

Just I predicted, woke with a great sight: $4100 is officially surpassed and we are now sitting above it. With a high of $4270 on Bitstamp this is it... we are going past $5000 this year. So even if it dips back to $4000, buy the dip because the bullish sentiment is very strong. Bitcoin has survived China's ban and is about to prove everyone wrong once again.