Do you think the price of Bitcoin can exceed 10 thousand dollars at the present

dark1234

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Quote from: imran101 on April 30, 2020, 06:07:44 AM

At a time when the world is in the throes of an epidemic and everyone's economy is in dire straits, I can't see any reason for the sudden rise in the price of Bitcoin. Do you think there is any reason for Bitcoin to go up so much?

the factor that makes the price of Bitcoin rise is the level of investor concern that the central bank's efforts to deal with Covid-19 will trigger inflation. Gold and precious metals are usually used to hedge against such risks.

“This is what keeps demand trending continuously. The demand is increasing, the price is also increasing.

I am also optimistic that the price of Bitcoin will continue to strengthen and can reach the highest level, if this pandemic still cannot be handled

cemsid

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TravelMug

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Quote from: Silberman on August 03, 2020, 02:05:44 PM

Quote from: Mahanton on July 29, 2020, 06:04:03 PM

Quote from: STT on July 27, 2020, 01:31:50 PM

Quote

big bull trap

Still unproven and within prior range which means it can easily just reverse back so I agree its quite possible to lose out short term. The best way to enter at undecided points like this is looking at long term trends and yep that'd very likely mean discard the leverage and just go small and serious with what you do, bad weather puts off plenty of people from what turns out fine.

So far as of writing the price is 11,250 which do almost hit up 11,500 high.For now i cant see any indications of bull trap but we know that everything can change in a blink of an eye.
Lets hope that we wont see major crash after this price rally but to be expected on where price corrections will surely happen because the market is always like that.
Next target? 12k but to be honest we do really move that fast in a short time which i dont really much prefer but its good to look these numbers again.

Yesterday was a horrible day for bitcoin but now we have recovered a good deal of the lost ground, and we are still comfortably above 10k which is important, for a long time we have wished for the price of bitcoin to remain at this level and this could be the opportunity we have been looking for, if this continues and we can keep that price for months then that will be a clear sign that a massive bull run is on the cards for the next year, so prepare yourselves gentlemen we are about to see history being written if things keep up in this direction

I'm sure this has been the case though, I mean bitcoin always have some bad days, but the thing is that if it did dip to a level in which other investors can get inside and buy, then they take it as an opportunity to buy.

And just by looking at today's price, $11,700, we might be as well going for $12k at the end of the week. So I would say that it is just normal correction that we have seen and bitcoin will definitely bounce back from them. It's not opening here in the Asian market, so let's see if it can push to $11800-$12k.

STT

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Price often trims back sunday or weekend into the trading week, not a fan of it happening on sunday like that because I cant put a short out of hours that early but its something to watch for with Tokyo pre market opening. Main section of price at the moment is about 10900 to 11500, thats where the price is mostly and we extended past over the weekend so it was fair to pull back. I'm not sure its giving any clear indication at the moment, it drifted below weekly MA which I count as momentum and some take on positive action but its just drifted back up. I'm too sceptical but my guess is we are still nearer to a top which gives me that bias of shorting for any bets, think I'll go put a bit on 200 day ma for month end, could happen and odds must be amazing for it. Just like 11k was 80 to 1 odds last month but it happened.
Will it stay above 10k or 10500 is the OP question for me now. We're above it for now but weekly or monthly bars count towards a real price build more then anything short term.

7788bitcoin

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Quote from: Silberman on August 03, 2020, 02:05:44 PM

Yesterday was a horrible day for bitcoin but now we have recovered a good deal of the lost ground, and we are still comfortably above 10k which is important, for a long time we have wished for the price of bitcoin to remain at this level and this could be the opportunity we have been looking for, if this continues and we can keep that price for months then that will be a clear sign that a massive bull run is on the cards for the next year, so prepare yourselves gentlemen we are about to see history being written if things keep up in this direction

There was nothing dramatic, the price increased a lot in a short period and it was expected we could see the market go in either direction as people will book their profit but the market remained strong and now it is recovering strongly as there is heavy investment coming in from financial sector and if not for that heavy investment we could not see these recovery. If there is no economic disaster on a global scale then we will see new all time high next year as it all depends upon the global economic situation.

Silberman

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Quote from: Mahanton on July 29, 2020, 06:04:03 PM

Quote from: STT on July 27, 2020, 01:31:50 PM

Quote

big bull trap

Still unproven and within prior range which means it can easily just reverse back so I agree its quite possible to lose out short term. The best way to enter at undecided points like this is looking at long term trends and yep that'd very likely mean discard the leverage and just go small and serious with what you do, bad weather puts off plenty of people from what turns out fine.

So far as of writing the price is 11,250 which do almost hit up 11,500 high.For now i cant see any indications of bull trap but we know that everything can change in a blink of an eye.
Lets hope that we wont see major crash after this price rally but to be expected on where price corrections will surely happen because the market is always like that.
Next target? 12k but to be honest we do really move that fast in a short time which i dont really much prefer but its good to look these numbers again.

Yesterday was a horrible day for bitcoin but now we have recovered a good deal of the lost ground, and we are still comfortably above 10k which is important, for a long time we have wished for the price of bitcoin to remain at this level and this could be the opportunity we have been looking for, if this continues and we can keep that price for months then that will be a clear sign that a massive bull run is on the cards for the next year, so prepare yourselves gentlemen we are about to see history being written if things keep up in this direction

Mahanton

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Quote from: STT on July 27, 2020, 01:31:50 PM

Quote

big bull trap

Still unproven and within prior range which means it can easily just reverse back so I agree its quite possible to lose out short term. The best way to enter at undecided points like this is looking at long term trends and yep that'd very likely mean discard the leverage and just go small and serious with what you do, bad weather puts off plenty of people from what turns out fine.

So far as of writing the price is 11,250 which do almost hit up 11,500 high.For now i cant see any indications of bull trap but we know that everything can change in a blink of an eye.
Lets hope that we wont see major crash after this price rally but to be expected on where price corrections will surely happen because the market is always like that.
Next target? 12k but to be honest we do really move that fast in a short time which i dont really much prefer but its good to look these numbers again.

coinfinger

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The current prices above $10k doesn't really reflect the short term price of it, it could go down from here and that wouldn't change anything at all. Bitcoin price going up right now proves one thing, and that is bitcoin having a good future that could always be above $20k in any moment, even if the world economically doesn't do well.

We live in a world right now where economy of almost every nation and finances of almost all humans are doing bad, which means people do not have savings or money to invest, they barely have enough money to survive on average, most of the people on earth thinks about being able to live until the end of month without spending all their money, and here we are talking about the increase in bitcoin, if it increases in these type of situations, it can be so much more awesome in the future.

Silberman

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Quote from: RealMalatesta on July 20, 2020, 03:57:17 PM

I guess that is like around 10% increase, so yeah why not? I mean that is not like too much for bitcoin to move so that looks like quite reasonable expectation if you ask me. I feel like you would not really expect bitcoin to fail 10% increase wouldn't you? The question is not that could it go up 10% it is not that, the real question is, will it go up or go down? Because if it goes down that means obviously it will not be $10k, but if it goes up, that means it will be $10k.

There is no "going up but not reaching $10k" because that is already under daily spread if its not $10k at that point. So, what do you think, will it go up? Will it go down? If you can answer this question, you can answer the $10k question as well, I feel like that is possible, I feel like it will definitely go up.

Bitcoin now is close to 11k, after months of nothing happening in the market it seems the weak hands have finally left and only strong holders are left which is making the price to go up again, so anyone that is out there doubting bitcoin should erase those thoughts out of their minds, bitcoin will move abruptly whenever you least expect it and once that happens you better invest in it or you will be one of those that are left behind and get no profits out of it.

STT

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Quote

big bull trap

Still unproven and within prior range which means it can easily just reverse back so I agree its quite possible to lose out short term. The best way to enter at undecided points like this is looking at long term trends and yep that'd very likely mean discard the leverage and just go small and serious with what you do, bad weather puts off plenty of people from what turns out fine.

bitcoinisbest

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Quote from: Spaffin on July 26, 2020, 07:46:40 AM

In my opinion, the current situation in the cryptocurrency market clearly indicates a favorable outcome. I believe that it is necessary to take into account the fact that after the halving of bitcoin there was no significant market landings and this already speaks of hope for good prospects. In addition, Bitcoin mining has halved and therefore there is a decrease in supply in the market, and the number of users increases from time to time. today bitcoin is $ 9,963. A little more and the boundary of 10.000 will be overcome.

We are seeing a good rise now and bitcoin has been above the 10k$ price huddle for some time now. Though this does not mean that it cannot fall back below only thing we will just need to check how much support can we find at this level or will the whales start to sell and make some profits from these levels.

Stedsm

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Don't fall for the big bull trap because it'll eat you up hard. Don't leverage any positions as of now as I believe that this should show some declines further and needs to be corrected down under 9.5k USD. Again, don't believe me? Get the rekt off. I don't give suggestions to trade these days, I'd rather stop you from getting in when I know something that's most important for you all to know. Don't take this advice with a grain of salt, and don't leverage (neither the short one, because the shakeout will be so hard it might show two-sided wicks to make both ends liquidate and trust me, it won't be easier for you to get out with your position).

carlfebz2

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Everything is just a prediction that is not necessarily true and let bitcoin or other digital currencies move as they are and I am sure about the rise in bitcoin to reach the highest price will definitely happen and only requires a lot of patience to achieve it even though it takes a long time.
Market movement or bitcoin depends on everyone who uses it, and in my opinion so far the price of bitcoin is still in a state tends to rise even if only a little.

It all matters with the demand. Period! People shouldnt really expect on things that do happen in the past because if we do try to realize it then its really nearly impossible to see those movements or even numbers (20k).

For the question on exceeding 10k usd price there we are already here. Price had been tanking on these levels for now which had been recently reach a few hours ago.

We dont know if this movement will continue or we would see another sideways movement.

coolcoinz

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Quote from: BITCOIN4X on July 26, 2020, 11:44:12 AM

Quote from: Reatim on July 26, 2020, 08:48:59 AM

~snip

Bitcoin price movement I think are in a good cycle. It has broken through $10,100 based on my monitoring of binance exchange in the past 24 hour and has now fallen slightly at $9.930. A reasonable price reduction in my opinion because there are many people who have been waiting for the current hike and sell as soon as possible and make a profit. There is still a possibility that bitcoin will break the next resistance level at $10,380.

It depends on the exchange that you're watching. On Bitstamp the level to watch is 10500 USD If we can reach and defend this position it's going to be the highest price since September 2019 and a sign that there's basically no resistance between that level and 12k, maybe even 13k, just like there's nothing between 14k and 20k so if that happens we'll go up very fast.
IMO, we won't see 20k this year, but it would be nice to witness another run up, like the one in 2017.

BITCOIN4X

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Quote from: Reatim on July 26, 2020, 08:48:59 AM

~snip

Bitcoin price movement I think are in a good cycle. It has broken through $10,100 based on my monitoring of binance exchange in the past 24 hour and has now fallen slightly at $9.930. A reasonable price reduction in my opinion because there are many people who have been waiting for the current hike and sell as soon as possible and make a profit. There is still a possibility that bitcoin will break the next resistance level at $10,380.

gabbie2010

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The OP was worried about the consequences of covid-19 raving the world on the price of Bitcoin reaching $10K many countries had been battling to save their economy due to recession more to it, the crash in the price of crude oil in the global market is another source of concern and worries however despite all these global economic challenges bitcoin has been waxing stronger presently the price of able to break the resistance at $10K and experiencing a retracement to $9800 hope in the next few days to come the bulls will take over the market this will put to rest the fear of the OP.

Reatim

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Quote from: Spaffin on July 26, 2020, 07:46:40 AM

In my opinion, the current situation in the cryptocurrency market clearly indicates a favorable outcome. I believe that it is necessary to take into account the fact that after the halving of bitcoin there was no significant market landings and this already speaks of hope for good prospects. In addition, Bitcoin mining has halved and therefore there is a decrease in supply in the market, and the number of users increases from time to time. today bitcoin is $ 9,963. A little more and the boundary of 10.000 will be overcome.

have you check the market price this 24 hours time?

Bitcoin already reached $10,023 this whole day meaning you are wrong that Bitcoiin will overcome 10,000 because it already did.

the problem is just like what happen couple of months ago when Bitcoin already break the this amount ?just after
couple of hours it fell down again below that level things that we hate to happen,because many months that were
seeking for that pump yet returning down again.

Spaffin

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In my opinion, the current situation in the cryptocurrency market clearly indicates a favorable outcome. I believe that it is necessary to take into account the fact that after the halving of bitcoin there was no significant market landings and this already speaks of hope for good prospects. In addition, Bitcoin mining has halved and therefore there is a decrease in supply in the market, and the number of users increases from time to time. today bitcoin is $ 9,963. A little more and the boundary of 10.000 will be overcome.

Stedsm

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For all of you who ignored my warning, congratulations on being eaten out by the brokers. Another thing, I never, ever meant to trade this (I mean, I didn't give any financial advice and just wanted to warn you to remain out of any trades because this move was meant to liquidate many of those who didn't know the correct direction and this warning was biased as you can check that I didn't literally give a fixed direction). And yeah, you were asking for a proof, just go and watch the charts baby. Wink

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