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Topic: BTC Weekly Analysis: Will It Break $4500? (Read 1100 times)

hero member
Activity: 749
Merit: 503
Blockchain Just Entered The Real World
August 29, 2017, 11:56:19 AM
#37
Sorry i've different thought because i see too many correction price at $4000. it seems some people holded it or they doesn't want bitcoin price reach $4500 , only one reason for it because they still want buy bitcoin at cheap price. we must carefully maybe which will happen instead the price fall to below $ 4000 as some time ago.
If have breakdown under $ 4,000 again in next time, I think just is flash crash on market and that is best time for buy Bitcoin with cheap price. We also see that situation in July before Bitcoin breakout $ 3,000 (Bitcoin has dumped to $1,8xx in few hours).
legendary
Activity: 1176
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August 29, 2017, 11:55:04 AM
#36
Sorry i've different thought because i see too many correction price at $4000. it seems some people holded it or they doesn't want bitcoin price reach $4500 , only one reason for it because they still want buy bitcoin at cheap price. we must carefully maybe which will happen instead the price fall to below $ 4000 as some time ago.
hero member
Activity: 1330
Merit: 569
August 29, 2017, 11:53:55 AM
#35
Even as at now, we have surpassed that amount and currently we are now at $4557 and it seems the end is not here with us soon. I feel this is the time that the benefit of SegWit is being felt now because other than that, I dont see any other benefit of SegWit. I hope the consistency will be maintained without any need for panics but I see this as a further shame to those who are bent on seeing bitcoin fail to sent a message that its not happening any time soon and definitely not today.
legendary
Activity: 2716
Merit: 1116
August 29, 2017, 09:18:26 AM
#34
4500 USD barrier broken today, awesome  Cool

There are no limits to Bitcoin, the last attempt to damage it got my attention, I think Bitcoin Cash scam manace is finally over, miners already decide what is best, all those believers will see now what happens when you trust in bad people.
legendary
Activity: 3122
Merit: 2178
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August 29, 2017, 02:09:04 AM
#33
I think we will see it. The trading volume is still low compared to previous ATH. Once the market warms up, we'll see some major market movements.
Yes, the current price of Bitcoin still around range $4000 is good signal for investor know Bitcoin has strong support at line $4,000. So, I can sure do not easy breakdown under $4,000 again until end this month. Smiley

It's quite amazing really. Not only did BTC reach an incredible ATH, it also has been able to linger close to that ATH for more than 2 weeks now. It's as stable as it has ever been and that on OKish volume. Short of catastrophic news, any downward correction will probably be a short-lived one, which makes for a very bullish market situation.
full member
Activity: 392
Merit: 105
August 29, 2017, 01:29:49 AM
#32
It is clear that $ 4500 has become an important level of record resistance that seems quite weak in the face of the tremendous bullish momentum that bitcoin presents. Before the end of the year we will be seeing a price that now we can not even visualize but it will cause us great joys.

legendary
Activity: 1974
Merit: 2124
August 28, 2017, 10:11:27 PM
#31
The price of bitcoin from the past few days loiter around 4300$ but it's likely to break 4500$ most probably in this week only and even there's a certainty it will hit 5000$ very soon...
full member
Activity: 672
Merit: 176
August 28, 2017, 02:47:29 PM
#30
As of now the price of bitcoin is already 4300 dollars to increase and possible to increase 4500 dollars yhis week or next week and i hope the in the month of september the price become 5000 dollars so we can make a lot of profit. And I hope it will happen in that month. More bitcoin that you have you can earn a lot of profit. So its better if you buy bitcoin today and you will be happy in the month of september.
Actually, I also want it, But how it relates to those predictions that say that one more plug will happen. Next time 2 not Bitcoin plan to see them in the middle of this autumn and how it will affect pricing is completely unknown.
hero member
Activity: 1834
Merit: 523
August 28, 2017, 02:42:17 PM
#29
As of now the price of bitcoin is already 4300 dollars to increase and possible to increase 4500 dollars yhis week or next week and i hope the in the month of september the price become 5000 dollars so we can make a lot of profit. And I hope it will happen in that month. More bitcoin that you have you can earn a lot of profit. So its better if you buy bitcoin today and you will be happy in the month of september.
legendary
Activity: 2646
Merit: 1106
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August 28, 2017, 12:17:44 PM
#28
It will eventualy, the only question is when. The price is moving back and forth for few hundred dollars but remains around 4100$ to 4300$ more or less. I think breaking 4500$ would also be the break of some kind of psychological barrier because then 5000$ seems very close and possible in no time. But market changes very quicky and every scenario could happen. But I don't beleive that big dump follows soon, maybe just smaller correction.
The more people know and adopt bitcoin as their currency besides local curreny to spend it online ,
The faster market could changed , even move up for $10k within a week isn't an impossible thing ,
But it's realistic enought to move 20% in the coming week ,
I expect it happened in the next two months.

today price of bitcoin is streaming at the value of 4300$.only 200$ is required for that peak to occur.Bitcoin crossed many peaks in this year.It will crossed the 4500$ peak also.In three day the price is greater then a value of 4200$.So, the price of bitcoin will not reduce the value below the 4000$ and reach the 4500$ in two to three days.

it seems that the price will surely goes to the $4500 value and it is not a long way over to that value, let's just see if it's gonna be on the September or on the end of August, but the thing is a dip might still occur and in several occasions we might see it, but the fact of a $4500 price is in the horizon and we can really see it coming.
The ongoing price increase with fluctuations keeps continuing to cross the $4500 barrier at the earliest. The price grew on a large scale while moving from $3500, but right now it seems quite sustained. In between the price went low to $3900 and once again came back to $4300. Hope the price won't go low to $4000 anymore.
full member
Activity: 223
Merit: 250
August 28, 2017, 12:14:17 PM
#27
I think we will see it. The trading volume is still low compared to previous ATH. Once the market warms up, we'll see some major market movements.
Yes, the current price of Bitcoin still around range $4000 is good signal for investor know Bitcoin has strong support at line $4,000. So, I can sure do not easy breakdown under $4,000 again until end this month. Smiley
newbie
Activity: 50
Merit: 0
August 28, 2017, 11:13:54 AM
#26
I think we will see it. The trading volume is still low compared to previous ATH. Once the market warms up, we'll see some major market movements.
hero member
Activity: 980
Merit: 500
August 28, 2017, 11:09:33 AM
#25
It will eventualy, the only question is when. The price is moving back and forth for few hundred dollars but remains around 4100$ to 4300$ more or less. I think breaking 4500$ would also be the break of some kind of psychological barrier because then 5000$ seems very close and possible in no time. But market changes very quicky and every scenario could happen. But I don't beleive that big dump follows soon, maybe just smaller correction.
The more people know and adopt bitcoin as their currency besides local curreny to spend it online ,
The faster market could changed , even move up for $10k within a week isn't an impossible thing ,
But it's realistic enought to move 20% in the coming week ,
I expect it happened in the next two months.

today price of bitcoin is streaming at the value of 4300$.only 200$ is required for that peak to occur.Bitcoin crossed many peaks in this year.It will crossed the 4500$ peak also.In three day the price is greater then a value of 4200$.So, the price of bitcoin will not reduce the value below the 4000$ and reach the 4500$ in two to three days.

it seems that the price will surely goes to the $4500 value and it is not a long way over to that value, let's just see if it's gonna be on the September or on the end of August, but the thing is a dip might still occur and in several occasions we might see it, but the fact of a $4500 price is in the horizon and we can really see it coming.
hero member
Activity: 1148
Merit: 523
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August 28, 2017, 10:30:36 AM
#24
It will eventualy, the only question is when. The price is moving back and forth for few hundred dollars but remains around 4100$ to 4300$ more or less. I think breaking 4500$ would also be the break of some kind of psychological barrier because then 5000$ seems very close and possible in no time. But market changes very quicky and every scenario could happen. But I don't beleive that big dump follows soon, maybe just smaller correction.
The more people know and adopt bitcoin as their currency besides local curreny to spend it online ,
The faster market could changed , even move up for $10k within a week isn't an impossible thing ,
But it's realistic enought to move 20% in the coming week ,
I expect it happened in the next two months.

today price of bitcoin is streaming at the value of 4300$.only 200$ is required for that peak to occur.Bitcoin crossed many peaks in this year.It will crossed the 4500$ peak also.In three day the price is greater then a value of 4200$.So, the price of bitcoin will not reduce the value below the 4000$ and reach the 4500$ in two to three days.
legendary
Activity: 1484
Merit: 1004
August 28, 2017, 10:09:29 AM
#23
It will eventualy, the only question is when. The price is moving back and forth for few hundred dollars but remains around 4100$ to 4300$ more or less. I think breaking 4500$ would also be the break of some kind of psychological barrier because then 5000$ seems very close and possible in no time. But market changes very quicky and every scenario could happen. But I don't beleive that big dump follows soon, maybe just smaller correction.
The more people know and adopt bitcoin as their currency besides local curreny to spend it online ,
The faster market could changed , even move up for $10k within a week isn't an impossible thing ,
But it's realistic enought to move 20% in the coming week ,
I expect it happened in the next two months.
hero member
Activity: 658
Merit: 505
August 28, 2017, 09:16:38 AM
#22
It will eventualy, the only question is when. The price is moving back and forth for few hundred dollars but remains around 4100$ to 4300$ more or less. I think breaking 4500$ would also be the break of some kind of psychological barrier because then 5000$ seems very close and possible in no time. But market changes very quicky and every scenario could happen. But I don't beleive that big dump follows soon, maybe just smaller correction.
hero member
Activity: 1008
Merit: 537
August 28, 2017, 08:37:03 AM
#21
We are already sitting at $4300 level so I don't think that it will take much time to cross the price level of $4500 in coming weeks and if it happens then I will still prefer to hold it and wait till it achieves the price of $5k as my target is to sell my coins when it reaches to that level as at that point I will be making huge profits on my investment.
we always making speculations and most of the time bitcoin never failed us so im also in that same shoes where i'm seeing that bitcoin can reach 4500$
or maybe past it this coming weekends as we seen that supports level are showing strong lets aim for much bigger but maybe more time for bitcoin to
cross 5000$ mark.


The price of bitcoin is Around 4300$.Only 200$ raise is needed for 4500$.So this will happen in two to three Days.But for that passion is much needed one.If  want more profit means, just hold your bitcoin for some more days.And check how much profit you got in that intervals.
legendary
Activity: 1652
Merit: 1088
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August 28, 2017, 07:14:11 AM
#20


The main resistance seems to be $4400 or $4500 here.

I don't think that traders are motivated enough to pump up the price much further from this point onwards. It could be likely that this week we could see the establishment of $4500 as a price "floor" but i don't think it's very likely. Next week i think we will see another pump, perhaps pushing bitcoin over the $4500 mark, but then an adjustment will come to pull down the price to around $4000.

A lot of sideways movement and i expect by the end of this week the price just staying around the same margin as right now($4100-$4200) instead of moving much. Technical analysis is good, but it doesn't take into account people's emotions.

The volume seems to have dropped too. I think this bull run is exhausted and will pull back.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
August 28, 2017, 06:31:27 AM
#19
We are already sitting at $4300 level so I don't think that it will take much time to cross the price level of $4500 in coming weeks and if it happens then I will still prefer to hold it and wait till it achieves the price of $5k as my target is to sell my coins when it reaches to that level as at that point I will be making huge profits on my investment.
we always making speculations and most of the time bitcoin never failed us so im also in that same shoes where i'm seeing that bitcoin can reach 4500$
or maybe past it this coming weekends as we seen that supports level are showing strong lets aim for much bigger but maybe more time for bitcoin to
cross 5000$ mark.
hero member
Activity: 1666
Merit: 753
August 28, 2017, 06:27:27 AM
#18
Quote
Bitcoin price made a nice upside move this past week and traded towards the last high of $4470 against the US Dollar. The price traded as high as $4450 where it faced sellers and started a correction. The price traded below the 23.6% Fib retracement level of the last wave from the $4070 low to $4450 high. However, the downside move was contained by the $4250 support zone.

The 50% Fib retracement level of the last wave from the $4070 low to $4450 high at $4260 prevented declines. The price is now slowly moving higher above $4300, but lacking pace. There is a crucial bullish trend line with support at $4280 forming on the 4-hours chart of BTC/USD. The highlighted trend line support at $4280-4260 could play a major role for the next move in the near term.

As long as the price is above the $4280-4260 support area, it might retest the last swing high at $4450. On the flipside, if there is a break and close below $4250, the price could test $4100. Moreover, the 100 simple moving average on the same chart is near $4070, which is critical support. Overall, the next move depends whether the price can hold the trend line and support at $4250 or not.


Source is here.

I am quite optimistic that this coming week Bitcoin can be able to break the $4,500 wall and possibly rise into $4,600 before making a small correction again. This can be the trend for the coming weeks...a steady rise and then a bit of a decline. This is becoming like a normal behavior for Bitcoin...and I guess there are also people who are happy once it can get into a small dip so they buy Bitcoin at a lower rate...also providing many leeway for trades to make their profits.

Do you agree or you do have a different idea?

I think that we are going to go up a bit more and then potentially have a pretty big dump coming at us.

$4500 is only a few hundred dollars away and i think that given your reasoning turns out to be correct then there is no reason why it cannot achieve that sort of price level. After all people's greed seem to be completely taking over at this point and there is really no limits to how fast or how far btc can rise until it comes crashing down.

My advice would be at least diversify your portfolio so you're not just holding btc only. Cash out some, buy some alts, don't just have everything in bitcoin because if btc doesn't break the $4500 barrier then you'd be screwed.
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