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Topic: BTC which price it's heading next? - page 2. (Read 1106 times)

vendetta009

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Yea, i'm looking at the $7.6 to 7.8k resistance zone as well, if it breaks and hold, we might expect a bull run to i think 10k

Quote from: Wexlike on January 01, 2020, 01:24:02 PM

Quote from: TitanGEL on January 01, 2020, 04:12:48 AM

There is a price rejection around $7700 and in that area bitcoin having hard time to surpass it because of the selling pressure. The price of the bitcoin is still consolidating in the area between $6000-$7700. I'm waiting if the price will breakout or breakdown. If the price breakout then it is a good sign that the bearish market will en but if the price break down then it is a bad sign because the demand is decreasing.

The resistances zones are always a good catch to watch. To be honest, I would be very surprised if we revisit the low 6k$ again. So the more interesting target is the upper resistance band at around $7600-7800.

Silberman

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Quote from: Cacingkemi on January 01, 2020, 12:54:37 PM

Quote from: Silberman on January 01, 2020, 11:55:49 AM

Quote from: Rasa nanas on December 30, 2019, 10:16:16 AM

in my opinion the price of bitcoin is trying to break through $ 8k now, but there is no strong push to reach that price now. this year will close with a price range of $ 7k, then after that bitcoin will again try to penetrate $ 8k. if next year it can reach $ 8k it is likely that the price of bitcoin will continue to go up to the price of $ 10k.

That is still very difficult, even if the price right now has remained flat for some weeks the trend is still negative so it will take a massive effort for the bulls to make the price so high and I do not see an excitement anywhere near what it was months ago, also I think it is in the best interest of investors to let the price of bitcoin to go even lower so they can buy even cheaper as newbies begin to get rid of it because they are disappointed with the results they are getting.

I think there is an opportunity to increase the price a little at the beginning of 2020, due to the high enthusiasm of the crypto holders in the previous year who were hoping that there would be an increase at the end of 2019 yesterday, but the fact that the market price is quite stable cannot increase its value until the end of last year. after entering early 2020 some potential altcoins experienced a slight increase and caused the market to go green again, maybe this is a good sign after entering earlier this year.

For a moment it seemed as if the price was going to go down but now it has reached a price above 7400 but this is where things will begin to get interesting, the price of bitcoin has tried to break away from that level for some time and it has been unable to do it if it fails again then the price will go down again, it seems neither the bulls or the bears have the strength to make the price to do as they wish and the first one that gives up will give us insight in the direction the market will take.

Wexlike

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Quote from: TitanGEL on January 01, 2020, 04:12:48 AM

Cacingkemi

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Quote from: Silberman on January 01, 2020, 11:55:49 AM

Quote from: Rasa nanas on December 30, 2019, 10:16:16 AM

Silberman

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Quote from: Rasa nanas on December 30, 2019, 10:16:16 AM

TitanGEL

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Wysi

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Quote from: Distinctin on January 01, 2020, 01:00:46 AM

Just like what @LeGaulois said, it can be going to $10k or another downtrend. No definite direction, that is how the market moves. Not even an expert could see what will happen next. It will be lucky if the market will gain massive support as it comes into maturity but couldn't think also how the people will show their trust this 2020 halving.

Yes, it would be a bit of relief if the market gets benefitted by halving which is the only positive event which could provide an upward trend but again as you have mentioned even an expert cannot predict what exactly is going to happen as there were some altcoins which didn't have any positive impact on their price even after halving. One thing is sure that the market will either take a dip or pump up rather than stability.

pooya87

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Quote from: LeGaulois on December 31, 2019, 02:31:48 PM

January 1: $3700
December 30: $7200

It's all that matter for this year, but talking about 2020 I don't see any good indicator as some users said. The ROI in 2019 look like less a bubble, so perhaps it shows us a market maturity, and who knows if this supposed maturity could help Bitcoin to attract new people. But I'm not so optimist as some of you are.

I can even smell the year starting with another downtrend

most of 2019 looks to me like recovery phase as the reverse bubble pops and price comes back up from its depth of undervalued state. then the small rise starts as price goes back above $10k and we already had a big ass drop (50%) to correct that rise too.
everything points to a rising price in 2020.
now add to that the hype that halving brings then add the actual reward (fresh supply) being cut in half and you can see there is no other way but rise.

Distinctin

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LeGaulois

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Quote from: BitcoinHunt3r on December 30, 2019, 10:59:30 AM

I will say $10k, but this is not analysis. Only speculation because after this phase already passed, bitcoin bull run will start to ignite and then it is possible for bitcoin price to reach that price. Especially if halving news spread around a lot of countries maybe new people can curious and start to buy bitcoin.

Yes, sure Bitcoin can do a lot of things surprising. $10k? It could do the opposite too. And here people expect too much from BTC halving. If you look around the crypto community (other than here) you will see less excitement.

ultrloa

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Quote from: plvbob0070 on December 31, 2019, 04:00:21 AM

Quote from: vendetta009 on December 19, 2019, 08:47:27 PM

on 18/12/2019, BTC found strong support around the $6500 area with strong seller rejection, now price has rally to $7100 with resistance around $7,300 to $7,600, where you think it's heading next? Huh Huh

I just visit the market and the price of bitcoin still stays at the price of 7200$ - 7300$. We don't know where it will be heading but it's good if the price will going higher. Today is the last day of 2019 and I hope this coming 2020 we can see an upward heading of the price. Since the price remained at the price of 7200$ we can expect that in the first quarter of year 2020 we might witness a stable or dump price but I guess while approaching in the date of halving we can see a pump on the price of bitcoin.

Meaning we are in good state of market condition since even though we are in bearish season we maintain the price stability which I think a good indicator of a good frame for the next 2020 bull run. And if you can see the recent price indicators show it provide a good liquidation that we will gonna see a good price figure when halving days nearly come so best to stay put on watch how the market grow since if you still leave in the past and feel afraid of it you might lose the chance to gain on good events coming.

plvbob0070

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Quote from: vendetta009 on December 19, 2019, 08:47:27 PM

samcrypto

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Quote from: Rasa nanas on December 30, 2019, 10:16:16 AM

If there’s a strong push going up huge price is coming up, unfortunately we are still down up to this day. Tomorrow should be the start of a great year, I’m expecting a good run at the first month of 2020 and $10k can be reach again. We are heading up now, the halving hype will exist again we should prepare our wallet for that.

cryptoangel

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Quote from: Rasa nanas on December 30, 2019, 10:16:16 AM

Bitcoin is a forever trustable cryptocurrency so larger raise will occur at anytime. I expect it will cross 9k USD on next month so it will raise good grow on next year starting. Majority of the peoples are not active in end of the year so we can invest in this situation it make good profit. I think next halving make more noise in crypto so wait and enjoy the further hype.

MancyZz

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Quote from: vendetta009 on December 19, 2019, 08:47:27 PM

Honestly i am not expert for analyze bitcoin price. it difficult because bitcoin price so fluctuation really hard to prediction. but in my opinion bitcoin price will dump and pump not far from the current price. in near time if bitcoin increase price maybe will rise not more $200.

BitcoinHunt3r

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Quote from: vendetta009 on December 19, 2019, 08:47:27 PM

Rasa nanas

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cutesgirl

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Quote from: vendetta009 on December 19, 2019, 08:47:27 PM

How come if bitcoin back above $10k are any one agree and believe with bitcoin can raise with higher price again, maybe not all believe with bitcoin can break limit with higher price above $10k because many people still not get positive way how to make bitcoin keep exist with higher price, in other side bitcoin never break with higher price again.

Silberman

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Quote from: el kaka22 on December 27, 2019, 06:32:08 PM

Looking at what has happened in the past 10 days, bitcoin rivaled going under 7 thousand dollars, moved upwards to 7500 levels (got very close) and now back on closer to 7 thousand dollars once again. I am not entirely sure what bitcoins next direction will be but it looks very very stuck. It can't go up, it tried but there was a huge sell pressure that made sure it dropped back and didn't go above 7.5 thousand dollars, it tried to go under 7 thousand dollars but everyone just got together and bought bitcoin as much as they could so they stopped that too.

Now, that we are stuck between 7 and 7.5, there is only one thing I am 100% sure will happen, a HUGE move. Anytime bitcoin price gets stuck at any price at all, the price just goes up or down like crazy, and I mean 30%+ moves, so I am not sure about the direction but I am 100% sure it will make a 30%+ movement out of nowhere suddenly.

I am of the same opinion, when the price seems to go nowhere that is a very clear indication that something big is coming, and it is very easy to see that this holds true if you look at the previous charts, but as you say we do not really know the direction of this movement, if it is positive it could be the beginning of the end of the negative trend that we have seen during the last months but if it is negative it will be confirmation of the current trend and it will tell us it will take a lot of time to get out of it.

el kaka22

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