Can BTC still have any rally before 2020? - page 5.

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Quote from: 1Referee on October 03, 2019, 05:16:41 PM

$12,000 is wishful thinking at this point with how moving averages are pointing down and will form a major burden to more short term price growth. Any move above $10,000 will change the market dynamics for the better, and I'm not sure how willing bears are to allow that to happen. They'll prevent that from happening well before bulls start to get excited about a trend reversal.

I personally viewed the drops in price as a major correction rather than a price dump. And I share the opinion that the direction of the market could change very quickly.
A $12k value before the new year may be improbable, and an optimistic approach. But most of the price rallies have caught me and also the 'bears' off guard.

wheelz1200

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If there is one thing I have learned since I first read about crypto is that a rally is only a day away lol. No seriously there is no timetable on "not enough time". A rally could start tomorrow and we can be over 15-20k within a month or 2. Have seen it before no reason to doubt it cant happen again.

badykvik

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There is no one that can determine the movement of the btc price this year because the price determinants have changed from technical to fundamental.
Btc price now react to news from major countries that are key players e.g US, China etc and some big corporations.

The price will relatively increase if there are favourable news from such big countries and companies.

veleten

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Quote from: Zemomtum on October 03, 2019, 06:19:02 AM

We have been having a lot of debate on where the trend might be shifted to in terms of BTC price. The highest price this year almost reaches $14000, while the majority still believe that we might still get back to this price and even surpass that level, some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.

despite the recent price crash ,I believe that bitcoin price will not drop below a 6.000$ mark this year
the price range of 7.000-10.000$ is the one I'd put my money on
2019 was an up and down year , mostly up - we saw the price drop as low as 3.200$ at some point, then we witnessed a 13.000$ high
while BAKKT was somewhat disappointing in terms of moving the market forward , there is potential to see a bulls run by the end of the year
current 8.200 price can lead to many different scenarios , while many analysts predict a further drop , I am sure many will depend on big players deciding to buy or sell coins
they are moving the market up and down , not the news , FOMO or panic

Febo

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Quote from: Zemomtum on October 03, 2019, 06:19:02 AM

...l, some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

That is not conservative position, but most realistic. Conservative would be to drop to $6000 or even lower. If you mean to get close to $20000 with a rally, there is almost no chances for that. Similar chances as to drop below $6000. Price will stay where it is until the end of year. Happy sideways everyone!

danherbias07

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I dont have the back up factss but I am sure about the conservative prices.
Yes 7k may be deep but that could its last price down.
We are done with 6k and we went up that way inn a slow trend.
I dont think there will be any correction for it is a real fluctuation unlike 2017 to 2018.

12k might be the max though for the price didnt go there in an instant too. What happened was a crawl.

YuginKadoya

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Quote from: palle11 on October 03, 2019, 04:00:51 PM

No proof to this prediction you have quoted.
Although, I believe we are going to see a new ATH after halving but as for $90,000 for next year, I'm not sure that will happen.

I have just shared what I have red on that article, everything is possible with Bitcoin and even though the $90,000 USD is not possible for 2020 the future is definitely a possibility for that price, And because of the Halving event I think the chance are surely double.

Quote from: Oceat on October 03, 2019, 06:38:26 PM

I think $90,000 is just too much for a prediction price next year because I still can't see the valid point even if the Bitcoin halving happens. We are all giving our own speculated price based on the market sentiment which is the only reliable thing to do.

Everything is possible for Bitcoin if we believe in it, And like I said I have read it in an article and just shared their opinion on the matter of the Halving and what is a possible movement for Bitcoin.

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Quote from: palle11 on October 03, 2019, 04:00:51 PM

No proof to this prediction you have quoted.
Although, I believe we are going to see a new ATH after halving but as for $90,000 for next year, I'm not sure that will happen.

This is the "prediction" he was referring to:

Quote from: https://www.bayernlb.com/internet/media/ir/downloads_1/bayernlb_research/megatrend_publikationen/megatrend_bitcoins2f_20190930_EN.pdf

The most intriguing question, of course, is what the future will bring. What is certain is that
Bitcoin’s stock-to-flow ratio will increase drastically in May 2020 - i.e. after the next halving
- from around 25.8 at the moment to almost 53. By contrast, gold’s stock-to-flow ratio
(currently in the vicinity of 58) will only be insignificantly (if at all) higher next May. If the
May 2020 stock-to-flow ratio for Bitcoin is factored into the model, a vertiginous price of
around USD 90,000 emerges. This would imply that the forthcoming halving effect has
hardly been priced into the current Bitcoin price of approximately USD 8,000 (the current
model value is roughly USD 7,500).

It revolves around Bitcoin's stock-to-flow ratio, and how it will have almost caught up with gold's after the 2020 halving (and how it will eclipse everything else at the subsequent one). It's not as much a prediction as just plugging in a variable in an equation which assumes all other factors will remain the same.

trumpman

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Quote from: Zemomtum on October 03, 2019, 06:19:02 AM

We have been having a lot of debate on where the trend might be shifted to in terms of BTC price. The highest price this year almost reaches $14000, while the majority still believe that we might still get back to this price and even surpass that level, some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.

Yes, of course it is possible. Welcome to the world of cryptocurrency, were wild rallies appear, sometimes with a legit reason behind and sometiems without a reason at all! Personally, I feel things will hover around 8k-10k for sometime more, maybe till mid 2020 but that's just a feeling! Time will tell!

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Quote from: Zemomtum on October 03, 2019, 06:19:02 AM

We have been having a lot of debate on where the trend might be shifted to in terms of BTC price. The highest price this year almost reaches $14000, while the majority still believe that we might still get back to this price and even surpass that level, some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

10k usd is more than enough for me comparing to what we had last year,I think what we need now is acceptance that whatever we want bitcoin must yet that’s far from impossible

Quote

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.

Even Nostradamus and David copperfield can’t assure you since it’s more speculation than reality ,you know what’s better?just follow the trend and invest smaller as the market shows not that positive for now

Oceat

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Quote from: palle11 on October 03, 2019, 04:00:51 PM

Quote from: YuginKadoya on October 03, 2019, 12:48:24 PM

But it will happen and that event can sure testify another ATH for Bitcoin after the Halving Bitcoin could hit a possible $90,000 USD said by top banks in Germany,

No proof to this prediction you have quoted.
Although, I believe we are going to see a new ATH after halving but as for $90,000 for next year, I'm not sure that will happen.

I think $90,000 is just too much for a prediction price next year because I still can't see the valid point even if the Bitcoin halving happens. We are all giving our own speculated price based on the market sentiment which is the only reliable thing to do.

MCDev

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Anything is possible in the cryptocurrency market, a return of $ 14,000 at the end of the year is entirely possible. I personally think that Bitcoin will cost $ 12,000 by the end of 2019.

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Quote from: Zemomtum on October 03, 2019, 06:19:02 AM

We have been having a lot of debate on where the trend might be shifted to in terms of BTC price. The highest price this year almost reaches $14000, while the majority still believe that we might still get back to this price and even surpass that level, some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

That rise to $13,000 was unexpected in my opinion and it's pretty obvious that there's a lot of FOMO that time and put the market in oversold position. So obviously, we did trade sideways after reaching that price and then follow by the sudden flash crash.

Quote from: Zemomtum on October 03, 2019, 06:19:02 AM

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.

Of course who wouldn't want the price to go $13,000-$14,000, however, I wouldn't put too much expectations though, the bakkt launched was supposedly the new catalyst, but the opposite did happen. So I would just advise not to set any more belief that something might happen big at the end of 2019. Perhaps a good 5 digit price would be a enough, IMHO.

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Quote from: nydiacaskey01 on October 03, 2019, 05:14:46 PM

I am thinking that Black Friday and Cyber Monday sale that is happening this last quarter of 2019 might at least give Bitcoin a little boost for the remaining months of 2019. Same with the demand that it will have in buying gifts in the holiday season which is December. There are online sites out there that might run an exclusive sale for those who will use Bitcoin to buy items online. Cyber Monday falls on December 2 for this year.

Maybe that could trigger the price move over the last month of the year. Everytime the end days used to show good signs of growth, but this isn't a promised rule. Most of the time here it gets initiated and continues through the new year. More chances for the price to reach $15000, but it all depends upon the speculations and the game played by the whales.

STT

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It can rise into 2020 sure but I think a rise next year is more likely, main markets themselves are more challenged at the moment and I think BTC is an expansionary member of the market rather then gaining in the fear withdrawal type phase to markets. People on leverage in their accounts will close out many positions including Bitcoin even though crypto might be fine in theory, those who speculate with leverage do have involvement here and we will likely need to lose more of those people before we can say the selling is over for this season.

1Referee

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Quote from: Upgrade00 on October 03, 2019, 04:24:22 PM

Although I think we may not get as low as $7000 and the value might actually surpass $10000, buy I doubt it'd go far beyond that, probably as high as $12k. But we may not see an extended bull run for the rest of the year.

$7000 is legit one dump away. It's the next support barrier I see will prove to be holding strong for while, but depending on how much ammo sellers still have, we might be heading even lower than that. In terms of percentages, I would say 25% chance of a +$9000 visit and 75% chance of a low $7000 visit.

$12,000 is wishful thinking at this point with how moving averages are pointing down and will form a major burden to more short term price growth. Any move above $10,000 will change the market dynamics for the better, and I'm not sure how willing bears are to allow that to happen. They'll prevent that from happening well before bulls start to get excited about a trend reversal.

My most optimistic call is to not drop lower than $6000 this year. Don't underestimate how most people think when it comes to assets that go down; they usually don't touch anything that goes down.

nydiacaskey01

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I am thinking that Black Friday and Cyber Monday sale that is happening this last quarter of 2019 might at least give Bitcoin a little boost for the remaining months of 2019. Same with the demand that it will have in buying gifts in the holiday season which is December. There are online sites out there that might run an exclusive sale for those who will use Bitcoin to buy items online. Cyber Monday falls on December 2 for this year.

palle11

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Quote from: YuginKadoya on October 03, 2019, 12:48:24 PM

But it will happen and that event can sure testify another ATH for Bitcoin after the Halving Bitcoin could hit a possible $90,000 USD said by top banks in Germany,

No proof to this prediction you have quoted.
Although, I believe we are going to see a new ATH after halving but as for $90,000 for next year, I'm not sure that will happen.

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Quote from: Zemomtum on October 03, 2019, 06:19:02 AM

some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

I share this sentiment about the market right now. Although I think we may not get as low as $7000 and the value might actually surpass $10000, buy I doubt it'd go far beyond that, probably as high as $12k. But we may not see an extended bull run for the rest of the year.

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Quote from: Zemomtum on October 03, 2019, 06:19:02 AM

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.

I believe in this scenario:

Quote from: Zemomtum on October 03, 2019, 06:19:02 AM

some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

in 2017 I listened to a lot of people talk about bitcoin, a lot of people were buying bitcoin (fresh money was coming in) ... so the price has gone up a lot, currently I highly doubt that a lot of fresh money is coming in. why I doubt that a lot of fresh money coming into the crypto market? because I look in the forum and elsewhere and I don't see that they will buy a lot of bitcoins using their debit cards, I may be wrong. But my guess is that from January 2018 to today the price goes up considerably because people sell their altcoins to buy bitcoin and there are few people who are buying bitcoin using their debit cards.

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