Topic: btc's next moves (Read 740 times)
I hope the next moves of the bitcoin is going up. Because I don' wanna see any more the value decrease because I lost more money. We need to plan our next movee to bitcoin which is the price become very high again and we need cooperation of all investor.
you should not forget that bears sleep when winter comes. I expect nothing in the coming months with BTC and all crypto market
It is really weird right now, I really can't even fathom to think what could happen. We are at a stage where it is such a critical point of bitcoin price that it could go any direction and I am really scared about it. I want to keep all my investments in bitcoin and ethereum because I think it has a huge potential to go up like x3 of what it is right now, there is really a potential like that however I am also afraid that it can go 10%-20% lower than this and really hurt my portfolio as well so I am considering withdrawing as well.
I want to both drop the averages while the price is low and get out before anything worse happens at the same time. It is a weird spot to be in , when it was above 6 thousand for 4-5 months I honestly thought it was best time to buy bitcoin but here we are.
I want to both drop the averages while the price is low and get out before anything worse happens at the same time. It is a weird spot to be in , when it was above 6 thousand for 4-5 months I honestly thought it was best time to buy bitcoin but here we are.
we are all feeling the same.couple months ago i think bitcoin was around 6500 and i thought it was a good time to invest.now i think the price is good to buy.but i cant trust to market.
We don't know when is the moves of the bitcoin and what happen maybe price decrease or not. But I hope next moves of the bitcoin will up the price and not decreasing again because it is not good if price still decreasing ike what happen today.
i think i knew..well, lets say it graphic said.it might be opposite but when i said 5100 is on the table, many friends said 6000 is the lowest price for bitcoin.it was 5205 on bittrex.
once again i want to say that, news follow the trend.its not coincidence that big news comes at the critical area of trends.
Well the thing is, there aren't any significant news that pertains ditectly to btc. Bitcoin cash's split probably sent the wrong signals to lot of btc holders for them to make that big selloff. Though it probably will not last very long.
We don't know when is the moves of the bitcoin and what happen maybe price decrease or not. But I hope next moves of the bitcoin will up the price and not decreasing again because it is not good if price still decreasing ike what happen today.
Yeah, I am in favor of this not decreasing statement, I think we should have kept high hopes from bitcoin. If we lose our hearts, how can we be supporting bitcoin to stabilize again. It is really weird right now, I really can't even fathom to think what could happen. We are at a stage where it is such a critical point of bitcoin price that it could go any direction and I am really scared about it. I want to keep all my investments in bitcoin and ethereum because I think it has a huge potential to go up like x3 of what it is right now, there is really a potential like that however I am also afraid that it can go 10%-20% lower than this and really hurt my portfolio as well so I am considering withdrawing as well.
I want to both drop the averages while the price is low and get out before anything worse happens at the same time. It is a weird spot to be in , when it was above 6 thousand for 4-5 months I honestly thought it was best time to buy bitcoin but here we are.
I want to both drop the averages while the price is low and get out before anything worse happens at the same time. It is a weird spot to be in , when it was above 6 thousand for 4-5 months I honestly thought it was best time to buy bitcoin but here we are.
we are all feeling the same.couple months ago i think bitcoin was around 6500 and i thought it was a good time to invest.now i think the price is good to buy.but i cant trust to market.
It is really weird right now, I really can't even fathom to think what could happen. We are at a stage where it is such a critical point of bitcoin price that it could go any direction and I am really scared about it. I want to keep all my investments in bitcoin and ethereum because I think it has a huge potential to go up like x3 of what it is right now, there is really a potential like that however I am also afraid that it can go 10%-20% lower than this and really hurt my portfolio as well so I am considering withdrawing as well.
I want to both drop the averages while the price is low and get out before anything worse happens at the same time. It is a weird spot to be in , when it was above 6 thousand for 4-5 months I honestly thought it was best time to buy bitcoin but here we are.
I want to both drop the averages while the price is low and get out before anything worse happens at the same time. It is a weird spot to be in , when it was above 6 thousand for 4-5 months I honestly thought it was best time to buy bitcoin but here we are.
and in my opinion that was the last fall.but if it happens next target is 4000.both are fine to me.the funny thing is i stayed at bitcoin even i expected 5100.sometimes i hate myself.
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
lets see..
In my vision of the situation, we should go to the level of about $ 3000 - $ 4000, and from there begin a sharp or smooth climb. But the fact, that we have long been striving to go deep down is obvious. I also expect that by winter the price will go up. lets see..
We don't know when is the moves of the bitcoin and what happen maybe price decrease or not. But I hope next moves of the bitcoin will up the price and not decreasing again because it is not good if price still decreasing ike what happen today.
i think i knew..well, lets say it graphic said.it might be opposite but when i said 5100 is on the table, many friends said 6000 is the lowest price for bitcoin.it was 5205 on bittrex.
once again i want to say that, news follow the trend.its not coincidence that big news comes at the critical area of trends.
Well the thing is, there aren't any significant news that pertains ditectly to btc. Bitcoin cash's split probably sent the wrong signals to lot of btc holders for them to make that big selloff. Though it probably will not last very long.
We don't know when is the moves of the bitcoin and what happen maybe price decrease or not. But I hope next moves of the bitcoin will up the price and not decreasing again because it is not good if price still decreasing ike what happen today.
i think i knew..well, lets say it graphic said.it might be opposite but when i said 5100 is on the table, many friends said 6000 is the lowest price for bitcoin.it was 5205 on bittrex.
once again i want to say that, news follow the trend.its not coincidence that big news comes at the critical area of trends.
We don't know when is the moves of the bitcoin and what happen maybe price decrease or not. But I hope next moves of the bitcoin will up the price and not decreasing again because it is not good if price still decreasing ike what happen today.
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
lets see..
lets see..
september 28: tried to break 6785, back to 6050 in october 11 (100$ less than i predicted) , and finally big move was yesterday (after 33 days) ,bitcoin saw 5200. i missed 3 days and 100$. sorry about that
update:
i follow 2 trends.one of them ends between 18-22 october.other one is end of this month.in daily chart bollinger is extremly tight.its going to be very huge move, hopefully to up.i think we deserve that after very long bear market. odin help us
i follow 2 trends.one of them ends between 18-22 october.other one is end of this month.in daily chart bollinger is extremly tight.its going to be very huge move, hopefully to up.i think we deserve that after very long bear market. odin help us
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
lets see..
The uncertainty in the market currently is very high and that makes is very difficult for us to see clearly the directions bitcoin will take next. Bitcoin's price has remained in a particular cycle for quite some time now and I believe that the next break out may create a very big move that may last to the end of the year. lets see..
This can be surprising in the future of bitcoin as it discreetly upbringing such unpredictable happening which could withstand anytime this month. Right now those moves can be tricky and somewhat smells fishy along with some biggest investors and they're just hiding their great desires of bitcoin. As people continually being panicked nothing will happen but biggest holders still remain calm, and will still ride on the same side as their motives won't be shaken up.
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
lets see..
The uncertainty in the market currently is very high and that makes is very difficult for us to see clearly the directions bitcoin will take next. Bitcoin's price has remained in a particular cycle for quite some time now and I believe that the next break out may create a very big move that may last to the end of the year. lets see..
i hope so.everybody need to hear some good news to buy btc.its going to be a huge move, all we need is spark.
i expect fake out today or tomorrow.(if it happens i wish its not going to be fake) then back to around 6150.in october 20-24th 1 of the most important move.if go down, i still believe 5100 is possible, but i expect 6700-7300-10000
i expect fake out today or tomorrow.(if it happens i wish its not going to be fake) then back to around 6150.in october 20-24th 1 of the most important move.if go down, i still believe 5100 is possible, but i expect 6700-7300-10000
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
lets see..
That is a nice analysis though I expect more of a bullish trend than a bearish trend in some days to come. By December we may see bitcoin above $10,000 and that is when we are going to see a very clear market directions. However the probability that the market can go down is still there. lets see..
There are some chances for bitcoin to break the resistance cuz he is capable of everything, bitcoin is the most capable of all altcoins . But now he is going through some bad thinks and its gonna be bery hard to break the resistance , even for bitcoin. It gonna reach 10k again but its gonna take some time.
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
All made sense until i read "and last move will be at December (10-15) to 10k."
Come on. Where you got this from? why not 1st December of 1st January? why 10-15th Dec?
from my graphic
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
lets see..
Well that's why need to observe what will be the next price we need to wait and see what will be the price of bitcoin before the year ends. And I think bitcoin will not go down below 6k price this year. lets see..
It is a market, nothing is guaranteed and it can move in any direction based on how the market is at that moment, so even if you want to bullish, that does not mean you should discard the fact that the market could still go bearish anyway.
People here are very simple minded. If they think a certain coin has gone down a lot, they assume that it won't go down further, but they don't realize that speculation is one of the very few aspects adding value to crypto currencies.Crypto has proven to go down far beyond levels people consider consider to be low, and this will continue to happen as long as the utility isn't the main contributor to the overall value.
Even while I think that $5800 is quite a strong support level, I'm not discarding the possibility of seeing the price break through that support level. Today's "low" price of $6400 can easily become tomorrow's lower high.
There is a very rare chance it goes anything lower than 6.2k and I doubt no chance it goes under 5.8k. But I believe we will see another 7.2k or slightly higher in the near future, it will go to that high stagnancy levels and drop back to like 6.6 or 6.4 and so forth. That movement has been done for like a while and I doubt it will move anything higher or lower than these averages for a long time, it will require some big thing for it to either break the cap to bottom or go higher. I think we can clearly assume we have been around 6.6k levels enough so I think the next move would be 7.2k levels.
Is there anything that is certain at the moment ?I really wonder how people are usually able to think they can predict exactly what can happen in the future. The fact that the market has been holding up within the $6k range, does not mean the possibility of it breaking that support is not there, and in as much as we can optimistic and be wishful and hopeful for something, that does not mean we should stop being realistic.
It is a market, nothing is guaranteed and it can move in any direction based on how the market is at that moment, so even if you want to bullish, that does not mean you should discard the fact that the market could still go bearish anyway.
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
lets see..
You have not provide proof why the market should behave in this way. However, the days and time of your predictions is just here and we should wait and see if it come through. I also believe that in December bitcoin is going to go above $10,000 and that is were I have set my take profits. I can be patience for this. lets see..
One more time everybody try to predict the future of Bitcoin price, and like always there is two type of people. First type is telling us what Bitcoin will skyrocket in price after couple days, and second type telling us what this is not the end and the price will go down more..But in reality neither one or the other does not lie, they just telling us their opinions, because no one really can tell how the price will move in real life.
not everyone is telling their "opinion". in fact most of the topics in this board are telling us their hopes and wishes for bitcoin price in near future. for example when someone is insisting with high certainty that bitcoin is going to fall hard, they obviously plan on shorting or buying bitcoin at the bottom.
Market should never be assumption based and a lot of people put up baseless assumption all because that is they want to see come to reality like you said, but it is the future, no one can see it, market can do its own thing the way it likes, and no one can apparently tell what btc next move would even be except to just follow the trend.
Moreover, if people think they can keep themselves optimistic and hopeful for a certain condition like the example you made, then, i wish them good luck.
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
All made sense until i read "and last move will be at December (10-15) to 10k."
Come on. Where you got this from? why not 1st December of 1st January? why 10-15th Dec?
Its struggling and hard to move to $6,800. It only fluctuates from $6,500 to $6,600.
The most awaited time is when it hits $7,000 there will be more positive news and speculations for real by that time. But to date, if this month will be the same as September which normally doesn't have big movement at all then we have to endure this whole month again.
The most awaited time is when it hits $7,000 there will be more positive news and speculations for real by that time. But to date, if this month will be the same as September which normally doesn't have big movement at all then we have to endure this whole month again.
You're talking about technical analysis. Yes such movement I too observe that now the figure of "triangle"is formed. The lower bound at around 5100-5300. With a strong desire to break through this level of whales, they will do it, even at a loss. BUT they will lower prices and then begin to buy large volumes. And the price will quickly return to 6500. And then a smooth climb to 7500.
As for the price by the end of the year, it is you overreacted with the figure. I am not sure that we will see strong growth this year. Although this all my guesses and assumptions.I see a price of 8000-9000 by the end of this year.
If I say that the price would be $5235 in the next one week, who will believe it? These are just predictions and nobody is able to give the exact price. I wonder how some people are so confident about the future price of bitcoin, although they know that the investment cap in decreasing and people are withdrawing their money from bitcoin and the price may decrease. As for the price by the end of the year, it is you overreacted with the figure. I am not sure that we will see strong growth this year. Although this all my guesses and assumptions.I see a price of 8000-9000 by the end of this year.
One more time everybody try to predict the future of Bitcoin price, and like always there is two type of people. First type is telling us what Bitcoin will skyrocket in price after couple days, and second type telling us what this is not the end and the price will go down more..But in reality neither one or the other does not lie, they just telling us their opinions, because no one really can tell how the price will move in real life.
not everyone is telling their "opinion". in fact most of the topics in this board are telling us their hopes and wishes for bitcoin price in near future. for example when someone is insisting with high certainty that bitcoin is going to fall hard, they obviously plan on shorting or buying bitcoin at the bottom.
of course its a prediction.im not into any group, and being whale is so far to me 
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
lets see..
It will be good if the price reaches to $6780, but the question is that how did you know that? Did you get any information from insider? If so then it’s ok, otherwise I don’t know that anybody can give exact price for the future. Whales are ones who manipulate the market and set a future price and I think you are also a part of those whales. If not then your price is just predictions. lets see..
There is a very rare chance it goes anything lower than 6.2k and I doubt no chance it goes under 5.8k. But I believe we will see another 7.2k or slightly higher in the near future, it will go to that high stagnancy levels and drop back to like 6.6 or 6.4 and so forth. That movement has been done for like a while and I doubt it will move anything higher or lower than these averages for a long time, it will require some big thing for it to either break the cap to bottom or go higher. I think we can clearly assume we have been around 6.6k levels enough so I think the next move would be 7.2k levels.
everyone has his own predictions and his own vision about bitcoin next moves, even the best experts can not predict his next moves
Right, we have many predictions from the start of the year but there is nothing in almost all the predictions. If we compare the predicted values with the actual current value then it will shoe uncertainty due to the unstable market our predictions cannot hit the center. Anyways experts have predictions for the next five months, they expect price more than 30k US dollar and I hope so it may happen again just like last year. 
One more time everybody try to predict the future of Bitcoin price, and like always there is two type of people. First type is telling us what Bitcoin will skyrocket in price after couple days, and second type telling us what this is not the end and the price will go down more..But in reality neither one or the other does not lie, they just telling us their opinions, because no one really can tell how the price will move in real life.
my prediction may wrong, but its more logical than mcafee's sayings, isnt it?
i dont want to share graphic because i use something different.if it works, i share, if dont there is no point to share.
and why you guys accuse me for not share graphic? have you seen any prediction like mine with spesific dates? its original, i didnt steal nor copy paste.
i dont want to share graphic because i use something different.if it works, i share, if dont there is no point to share.
and why you guys accuse me for not share graphic? have you seen any prediction like mine with spesific dates? its original, i didnt steal nor copy paste.
everyone has his own predictions and his own vision about bitcoin next moves, even the best experts can not predict his next moves
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
lets see..
lets see..
Where the hell is your graph?
Anyways, I wouldn't be surprised if bitcoin moves on this direction. We have witnessed similar patterns in the past, not breaking the resistance, panic sells or bots putting their sell orders causing the price to go where it was before and then rinse and repeat.
However, I doubt that $5100 is doable at this point. AFAIK, we have seen bitcoin price going below $5800 few months ago and that will be bottom price for this year. There's also this theory going around for sometime now that the price of mining is just above $6K and miners won't allow the price to go down below that one because their profitability will be affected.
Yeah at this point breaking below the support of high-5000s to low-6000s seems extremely unlikely. This support has been tested multiple times since early February and has been the one consistent thing all year. I do agree with the OP that the price will bounce around between the last lower-high of the bear market (~7400) which seems to be over now, and the support level ~6000 for the next month or two before seeing us break out of the bottom of the market and begin the next bull market by December, though I don't think we'll see $10k in December unless it is just a brief euphoric spike signaling the start of the bull market, more likely I think we'll see 8000s in December to show the trend is at that point starting its upward climb.
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
lets see..
lets see..
Is it just me or even others noticed this is not based on any technical analysis, or any kind of elements to support it, op just assumed bunch of things and came up with the prices. I hope he realises you cannot predict bitcoins solely on the past prices, there're various factors one need to factor in before you term it as a move, I don't think op stats have any merits at all. I'm expecting a positive movements, but would not like to base them on my assumptions.
guys im not master of TA or anything. im trying to learn but im not bad so far.and we all know that btc is kinda unpredictable. but here is my prediction.lets see what is going to happen.
see you all at that dates
see you all at that dates
Well that assessment was really great for starters and I see that you have an analysis which is base on recent speculation and recent movement of the price and you even indicate how far the value and moved, I really like bitcoin to move the $10,000 mark value at the end of this year but I might say I don't think we can make a big leap this year, And because it will be a holiday season and we still have a bearish market the price might go bonkers and fall $5000 mark at the end of the year but we can still progress next year.
guys im not master of TA or anything. im trying to learn but im not bad so far.and we all know that btc is kinda unpredictable. but here is my prediction.lets see what is going to happen.
see you all at that dates
see you all at that dates
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
lets see..
lets see..
Is it just me or even others noticed this is not based on any technical analysis, or any kind of elements to support it, op just assumed bunch of things and came up with the prices. I hope he realises you cannot predict bitcoins solely on the past prices, there're various factors one need to factor in before you term it as a move, I don't think op stats have any merits at all. I'm expecting a positive movements, but would not like to base them on my assumptions.
..if go down 5100 will be the support
I don't see price getting to $5,100 this year. Remember we are around the end of the year. Let's just wait for the real market movement instead of always making a speculative analysis. I cannot make a speculation with regards to btc price as this is very hard to predict.
This is a speculative angle which gives us guide on what to expect. I don't think anybody will take every prediction just like that without making a move to study his or her indicators too. I think it is better we hear from others too, it will guide us more.
OP, your prediction is oddly specific, especially the "30 days" part. Based on what are you saying all of this? and 5100 support? do you mind sharing with us what's stopping the price at that mark to drop further?
But I honestly don't expect much other than the same behaviour we've seen over the past few weeks. The price going sideways in the 6k-7k region with the usual spike above 7k only for the price to go down a few days later. We're in a bear season, and there's nothing that could shift the market sentiment in the short-term, unless the bulls trigger a btc rally, we're in a for a long bearish season, perfect for those wanting to accumulate more.
But I honestly don't expect much other than the same behaviour we've seen over the past few weeks. The price going sideways in the 6k-7k region with the usual spike above 7k only for the price to go down a few days later. We're in a bear season, and there's nothing that could shift the market sentiment in the short-term, unless the bulls trigger a btc rally, we're in a for a long bearish season, perfect for those wanting to accumulate more.
This is your guess. But it is hard to be real.
these ups and downs to $6800 and $6100 that you mentioned are NOT really ups and downs so you can't really call it a "next move". it is not even a resistance there to break or not break. these are daily fluctuations. and we will continue seeing this for a while without it having any significant meaning other than signalling an accumulation phase.
Let's just wait for the real market movement instead of always making a speculative analysis. I cannot make a speculation with regards to btc price as this is very hard to predict. All I can say, btc is now under the correction period and most likely this will make a history in the future. .
So isn't it obvious?The bitcoin never goes under $6.000 and stayed on the top. In last 9 months all altcoins got lost like 3 to 5 times. But bitcoin stayed strong and still around $6000-6500. So we can understand easly that the bitcoin is most powerful coin. And also the BTC has %53 marketcap dominance never forget this too..
Most recently, there was a movement of bitcoin down and we all saw how bitcoin fell to the level of 5300. But it's all just words. We are just talking here and expressing our opinion from technical analysis or from history, as it was before.
Of course, I want to see bitcoin as a growing asset, because each of us holds the coins of this cryptocurrency on our wallets. Waiting for and believe in growth !!!
I always find it funny how people want to predict the price, based on previous trends. People should know by now that price analysis, based on previous price movement has no value at all, because there are simply too many variables to take into consideration , to predict the price. The anonymity factor also throws a spanner into the works.
Bitcoin is not the average trading asset, where you use traditional tools, to analyse the price trends.
Bitcoin is not the average trading asset, where you use traditional tools, to analyse the price trends.
And also the BTC has %53 marketcap dominance never forget this too..
market cap dominance is meaningless. there are no ban accounts of billions of dollars. its just math of coins * price of one trade
(meaningless)
anyone can make an alt of a trillion coins and for $5 snap the market cap into pieces of firewood
Bakkt launches Nov 5...they should be buying bitcoin to warehouse it for their physically settled bitcoin futures
I don't think they would need to buy it ahead of time. Just purchase at spot price when someone places an order. Use clients' money instead of their own...they do need to pre-buy their opening offer to prove they have the reserves
its why the winkles are sat on 200k of coins. as their opener
Bakkt launches Nov 5...they should be buying bitcoin to warehouse it for their physically settled bitcoin futures
They probably already stocked up before making any announcements, but I'd imagine they will be a continued source of buy pressure once its established trade volume.
Yes everyone has an estimate. You have developed a bit of an estimate and scored. I wonder how much money you made with margin trading?
So isn't it obvious?The bitcoin never goes under $6.000 and stayed on the top. In last 9 months all altcoins got lost like 3 to 5 times. But bitcoin stayed strong and still around $6000-6500. So we can understand easly that the bitcoin is most powerful coin. And also the BTC has %53 marketcap dominance never forget this too..
nothing said above in this topic is TECHNICAL analysis
this topics OP is pure TREND anals
anyway some technicals for you
grab the UTXO set. look at the funds moving for the last 10 months.
65% of funds moved while the prices were above $5,800
that low has been tested many times and no one has bit hard enough
bitcoin mining costs. also have a $5,800 of 43terrahash network
currentyly mining above that too. meaning even miners are not foolish to sell below.
now take that knowledge and then use that when the bottomline surpasses another threshold for a medium amount of time. and then recheck to see if atleast 50% of coins moved hands in that tim and if mining costs also are above that amount in that time so you can see how tough the support line will keep the prices up
P.S october-november will see a new batch of ASICS that are more efficient/lower cost. so rejig your mining costs for then and calculate how many coins are being made by pools who's hashrate jump in that period. to then calculate the impact they could cause if they sold off on the market..
have a nice day
this topics OP is pure TREND anals
anyway some technicals for you
grab the UTXO set. look at the funds moving for the last 10 months.
65% of funds moved while the prices were above $5,800
that low has been tested many times and no one has bit hard enough
bitcoin mining costs. also have a $5,800 of 43terrahash network
currentyly mining above that too. meaning even miners are not foolish to sell below.
now take that knowledge and then use that when the bottomline surpasses another threshold for a medium amount of time. and then recheck to see if atleast 50% of coins moved hands in that tim and if mining costs also are above that amount in that time so you can see how tough the support line will keep the prices up
P.S october-november will see a new batch of ASICS that are more efficient/lower cost. so rejig your mining costs for then and calculate how many coins are being made by pools who's hashrate jump in that period. to then calculate the impact they could cause if they sold off on the market..
have a nice day
Bakkt launches Nov 5...they should be buying bitcoin to warehouse it for their physically settled bitcoin futures
I don't think they would need to buy it ahead of time. Just purchase at spot price when someone places an order. Use clients' money instead of their own...
Bitcoin price fluctuations are surprisingly low and hold steady below 5% since the sharp increase in early 2015. The rate of volatility is higher than any other major currency, the difference Bitcoin is appreciated for its value despite high volatility while foreign currencies are continually depreciating due to inflation. So no one knows what the btc market will be like in the future.
Bakkt launches Nov 5...they should be buying bitcoin to warehouse it for their physically settled bitcoin futures
like forecasts, we go very often, but this does not mean that everything is so true? I think that this year we should not expect significant growth
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
lets see..
lets see..
Where the hell is your graph?
Anyways, I wouldn't be surprised if bitcoin moves on this direction. We have witnessed similar patterns in the past, not breaking the resistance, panic sells or bots putting their sell orders causing the price to go where it was before and then rinse and repeat.
However, I doubt that $5100 is doable at this point. AFAIK, we have seen bitcoin price going below $5800 few months ago and that will be bottom price for this year. There's also this theory going around for sometime now that the price of mining is just above $6K and miners won't allow the price to go down below that one because their profitability will be affected.
lets hope all together
You're talking about technical analysis. Yes such movement I too observe that now the figure of "triangle"is formed. The lower bound at around 5100-5300. With a strong desire to break through this level of whales, they will do it, even at a loss. BUT they will lower prices and then begin to buy large volumes. And the price will quickly return to 6500. And then a smooth climb to 7500.
As for the price by the end of the year, it is you overreacted with the figure. I am not sure that we will see strong growth this year. Although this all my guesses and assumptions.I see a price of 8000-9000 by the end of this year.
As for the price by the end of the year, it is you overreacted with the figure. I am not sure that we will see strong growth this year. Although this all my guesses and assumptions.I see a price of 8000-9000 by the end of this year.
in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
lets see..
lets see..
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