Can BTC still have any rally before 2020? - page 6.

Pearls Before Swine

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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 would say all of those predictions have equal validity, and I say this because anything can happen come December and next year. Bitcoin wont hit $13,000 by years' end, I'm nearly sure of it but there could be some kind of rally. You've probably seen the last few years of bitcoin's performance first hand since you're a full member here, so I'm sure you realize how crazy the price can move. While I wouldn't wager a guess where its going to be in 2 months, my feeling is that it will be higher than it is now. I'm hoping.

Quote from: Murat on October 03, 2019, 12:14:09 PM

Big miners dumping these BTC every day and the market is having a tough time to pull up the price.

Don't know if the miners are affecting the price through their selling, but there could be some truth to that. I feel that buying has just slowed down and there are probably a lot of traders who made huge profits when bitcoin exploded this year. They probably sold it for fiat and I dont blame them.

YuginKadoya

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I am not seeing any big movement for Bitcoin at the moment and the possibility that I see that may happen could be in the year 2020 when we are in the midst of the Halving and that will be the third time for Bitcoin and can be on 2020. But I don't know what is the exact date for it.

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, Or wishful thinking of $400,000 USD said by another article, But before 2020 movement is very tight indeed, But the indication of after a Halving will be a new All-time high for Bitcoin.

Murat

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It looks like not possible. But history showing Bitcoin Always had a good run in the last 4 months of every year. Except for the year 2018 when everyone was looking for a bull, the run market delivered the opposite. So the Market can go in any way which mostly depends on Big players. When Small fishes start shorting Bitcoin price will go up and when you keep asking for the Bull Run market will crash.

We need very good news before BTC halving to start the rally. Currently, 12.5BTC for every block is too much in my opinion. Big miners dumping these BTC every day and the market is having a tough time to pull up the price.

BitHodler

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I'm fairly confident in some sort of a rally, but the thing is that what price level will we start at, and where will we peak out. I mean, we could also rally from $5k to $8k and then fall back down (just an example calm down).

In most cases, Bitcoin tends to go up a lot within a short period of time, while after that there could be a very long cycle of sideways consolidation. I think we've had the gains for this year and no longer break the $10k mark.

Of course, that's a very unpopular opinion, but what do people expect with the price hovering under the 200DMA. By definition, that's more bearish than bullish, so don't expect anything until we close above it.

bouren

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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 bitcoin can have a rally to 12-14k once this year. We are currently expriencing 0.5 retracement as per fibonacci from the 14k rally which we previously made and if this is wave 2 then wave 3 could possibly be higher much higher than the previous wave but for this remaining year I think we would only be able to see it until 14k.

exstasie

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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.

I'm still leaning bullish for a rally in Q4. It's tough to feel that way after half this year's gains were erased but it felt the same way in July 2013. Though there are some signs for caution (like breaking the 200-day and 20-week moving averages) the downside since $14K is still quite normal for a bull market correction in % terms.

Here are a couple analysts who both predicted this bearish correction, and who are both betting on a bullish resolution in 2019:
https://bitcointalksearch.org/topic/m.52563649
https://bitcointalksearch.org/topic/m.51687931

Pab

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I bet on one more strong bull run before final halving bull run
I am not agree that halving is already priced
We simply had to strong to fast parabolic movement up
There was not even one day with daily close below 8k
Lets see what will happen.Probably we will retest last low
But rebound will come and we will enjoy higher price at the end of 2019
Of course there is very bearish scenario.If 6 k will break down we can see price below 5 k even
Not so much is happening now.it looks like accumulation on low level with low volume
Bitcoin need to break to 8500 K on daily

I will be very bearish in any weekly close below 7400 K

el kaka22

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I think that ship has sailed. If the question is really "can" then yeah sure it can totally go but at the same time can is not the right question to ask when it is about bitcoin, bitcoin can do anything in price movements, it could be 1 thousand dollars tomorrow or it could be 20 thousand dollars tomorrow, both are easily achievable as long as people just sell all their coins or buy as many bitcoin as they can with the fiats they have, however the likely possibility is that it is not going to happen that way.

The right question is not can, no , it will be it gonna have a rally and I think that will not happen, there are too many things that need to go right without any going wrong all at the same time in order to make a rally like that and I am not seeing anything good going on.

CarnagexD

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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.

Actually, we do not know yet if bitcoin will really go up after the year 2019 and I know many of us tend to believe that bitcoin might increase in this last quarter and even me I also believe. The price of bitcoin remains at the price of 8000$+ and maybe after this year, it will stay below the price of 10000$. In fact, the bitcoin halving is one event that they waiting for simply because it may affect the price to pump again and will be the start of the bull run.

The Sceptical Chymist

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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 had to chuckle at this statement. You're looking for fortune tellers or very confident TA people to give their predictions, but anyone's guess is as good as anyone else's. I don't have any data or charts to back up my opinion, but considering that there are about 3 calendar months left to 2019 I think it's entirely possible to have a rally. If there were only a few weeks left in the year I'd say it's probably unlikely, but I've learned that anything can happen with bitcoin.

Quote from: magneto on October 03, 2019, 08:21:12 AM

I doubt that there will be any sizeable ones.

Yeah, probably not a rally that would bring bitcoin back to its ATH or anything even close, but it certainly could get back to $10k. Three months in the bitcoin world is a long time in terms of what could happen with price movements. If the drop from $13k to $8k was only a selloff, it could very well be that the bull market will resume--but I can't say with a straight face if that's going to happen or not. My crystal ball is nonfunctional. In fact it's never been functional.

Quote from: magneto on October 03, 2019, 08:21:12 AM

The market sentiment is low and will likely remain low until near the halving event, which will not be occurring in May.

I'm not so sure about the "low sentiment". As I said, this could just be a correction in an otherwise strong market. I also think the halving event is already priced in.

magneto

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I doubt that there will be any sizeable ones.

The market sentiment is low and will likely remain low until near the halving event, which will not be occurring in May. In the meantime, we could see some corrections for sure potentially down to $7k where the support will be tested.

It's very likely that the bull market will coincide with the end of the 2020 CNY, which seems to be what usually happens as capital start freezing up after festivities end. I wouldn't go long on leverage right now with BTC because of the downside risk, but I think it's a matter of time before a recovery occurs.

Zemomtum

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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.

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