Do you think the price of Bitcoin can exceed 10 thousand dollars at the present - page 4.

Jating

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Quote from: Stedsm on July 14, 2020, 03:19:34 PM

No, BTC doesn't really look that strong atm in order to be breaking $10k currently because nobody's gone insane to bet on anything except on their own lives in order to save the money and live a good life which won't be possible in future due to the fact that this pandemic has left us with almost nothing and has the potential to make a lot of people die due to starvation.

Exactly, nobody is willing to pull any big buy order to really create this sort of FOMO and drama and make some noise in the market.

Quote from: Stedsm on July 14, 2020, 03:19:34 PM

These reasons are enough for BTC not to reach $10k as of now because nobody's investing, and it's a huge achievement for BTC to even remain close to $10k these days while the whole stock market crisis is yet to recover, but I see BTC to remain stable at this price for many more months to come.

We are still in this pandemic mode, nobody is investing but it is good that we there are strong support at $9k. I think some days ago the price went into $9400-$9500 but it wasn't enough. No momentum was build around it thats why the price didn't go to $10k.

DoublerHunter

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^ BTC price was on always in $9k range and I don't see a moment that BTC beyond $9K down or rapidly goes up to $10k.
I will still consider BTC volatility is unpredictable and anytime soon BTC price resistance will rising without our further notice. Sounds I am very optimistic but I have strong feeling BTC price will surge more than $10k this month or it will starting until in the next following month. There is a lot of news that probably will trigger a BTC price. We are still lucky that the dominance of BTC is not down too much even though we are in between the COVID-19 crisis.

dothebeats

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I don't see bitcoin doing sharp moves on either side of the board. There isn't much weight to pull down bitcoin below the $9000 mark and there isn't anything that pushes it up $10000 either. The resistance @ $9500 - $9700 is there, but the market doesn't seem to be testing it, nor shows any signs of testing it in the near future. I would go as far as calling it an impasse although we have had some shocks in the past that made us conclude things a little more careful now. Though with the condition of the world's economy at hand, it's fairly safe to say that most people would likely hold on to cash rather than risk it on these assets in the mean time.

Stedsm

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No, BTC doesn't really look that strong atm in order to be breaking $10k currently because nobody's gone insane to bet on anything except on their own lives in order to save the money and live a good life which won't be possible in future due to the fact that this pandemic has left us with almost nothing and has the potential to make a lot of people die due to starvation. These reasons are enough for BTC not to reach $10k as of now because nobody's investing, and it's a huge achievement for BTC to even remain close to $10k these days while the whole stock market crisis is yet to recover, but I see BTC to remain stable at this price for many more months to come.

bitbunnny

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To my opinion it's possible but not very likely at this moment. Even if the price goes up to 10000$ it's hard that will stay there or even go further. So, at present I don't expect some significant price changes and no some special growth, it's more likely that the price will stay in current range for longer period of time. I know that many are eager to finaly see some price movements towards 10000$ and beyond, some excitement but I don't think now it's the moment.

STT

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BTC still has weakness at present so just going back to 10k is something it has to prove for me. To exceed that then I want it to confirm 10k as a low on daily, weekly then monthly bar. Once its done that then it gains my confidence and many others who watch I presume, we get momentum into the price and its far more reasonable to be bullish.
None of that is there today, its a bit iffy and I'd speculate on stall speed and what does it take to call it lower. But it keeps on trading in a range and theres not much gravity to pull the price down so negative might be too harsh a stance also.
The answer is no in brief, the case for higher must be proven and I would guess progress is being challenged so I watch with that perspective.

Convergence on weekly and monthly moving averages, we remain on the underside. Some might speculate a short here but overall we dont seem to be moving much either direction. In future watch the 200 day, its slow and we'll be here till autumn winter waiting if thats the trigger.

Reatim

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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 question about "Bitcoin reason to go up so much" is too much to ask because Yeah Bitcoin is designed to grow but looking for "Too Much"? that is an abused why not look for growth and enough to profit and not exaggerating things to satisfy our greediness?

I would suggest you to Buy Bitcoin and try waiting for months,so you may understand that it is not easy for us just to expect while the truth is Market is very harder to make a growth for now because of the effect of pandemic.

electronicash

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if its not going down then it must be going up. the surest thing we are seeing though is that altcoins are going up. we saw some projects resurface from their ranks below 100 but are now on top 50. the whole cryptocurrency marketcap is rising also. breaking the resistance might just take weeks to months so while we'll wait for it. might as well pass time by while locked inside.

Savemore

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I do not think so but still everything is possible. If you will look at the daily chart of the bitcoin, you can see that it is now making lower highs and lower lows and it is sign of a weakness because it is a structure of a downtrend. The price is still doing sideways with bearish bias and if the price go down to its current support at $9000,the price for sure will have momentum going down.

mithun303

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Bitcoin is currently priced at $9,223.08. So i am hoping that Bitcoin will cross 10k not at the present, but it will cross 10k in 2 or 3 months. It can be seen from here a few days ago Because there is always a possibility of dropping. But what i thought was a huge fall but it didn't happen because the bullish effect always lowers the price and since it didn't happen there is a possibility of leaving 10k ahead.

traderethereum

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Quote from: ballerin and giroud on May 04, 2020, 05:58:37 PM

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 price of $10.000 will be touched by bitcoin soon. You may need to see some expert prediction or other people analyst again bitcoin's price. Because I have seen some people who said that bitcoin will easily touch $10.000 when its price touch $9200 and now it will be happened. Hash rate bitcoin has increased again and has touched new all timr high and it mean many miners has been trusted again to bitcoin. If you have money, just forget the coronavirus and you can buy bitcoin at now before you late.

You can analyze by yourself, so you don't need the expert prediction because they are not always right.
Better you trust yourself in analyzing than to follow other people.
But you can use other people's analysis to be used as your guide in analysis so that you can get other information about the market.
With making your analysis, you can know what you need to do, and you can improve your skills in analysis, which you will give you benefit in the future.
I believe that bitcoin will be more than $10k soon, but I don't know when it will happen.
Just wait, be patient, and enjoy the ride Wink

ballerin and giroud

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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 price of $10.000 will be touched by bitcoin soon. You may need to see some expert prediction or other people analyst again bitcoin's price. Because I have seen some people who said that bitcoin will easily touch $10.000 when its price touch $9200 and now it will be happened. Hash rate bitcoin has increased again and has touched new all timr high and it mean many miners has been trusted again to bitcoin. If you have money, just forget the coronavirus and you can buy bitcoin at now before you late.

Twinkledoe

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Quote from: STT on May 04, 2020, 05:24:06 PM

It can goto 10k and even past this and would still not be great significance. The average price is of more importance or to be clearer the volume of orders passed at a price is of more signifiance but BTC price can swing to some pretty wild extremes we've seen it a few times and yet it returns to a more normal price later. So it can do both, exceed expectations and swing past 10k but also return to the 200 day average not that long after and need the market to prove its demand there for some time. Just my guess we do play that out in this year.

10k is very achievable now as we are almost in 9k as of today. We are still few days from halving and the market is already showing good trend. So even if you buy now, I am thinking that you will still get good profit. But it is still up to you if you are ready to take the risk. Your money, your decision.

STT

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It can goto 10k and even past this and would still not be great significance. The average price is of more importance or to be clearer the volume of orders passed at a price is of more signifiance but BTC price can swing to some pretty wild extremes we've seen it a few times and yet it returns to a more normal price later. So it can do both, exceed expectations and swing past 10k but also return to the 200 day average not that long after and need the market to prove its demand there for some time. Just my guess we do play that out in this year.

Yaunfitda

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Quote from: KnightElite on May 02, 2020, 11:24:59 PM

Quote from: CryptopreneurBrainboss on May 02, 2020, 11:10:28 PM

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?

There's is every reason for it to achieve that, initially bitcoin market doesn't follow the traditional market price movement but I do understand why it had to this time as fud was the number one emotion during the early stages of the breakouts of Corona pandemic. People were afraid and since the cryptocurrency Industry is filled with inexperience investor, we just have to be the most affected marketing regards to decline of price of out tradable assets although as you can see we also were the quickest to recover than any other market out there.

As of press, bitcoin is currently trading above $9k meaning crossing $10k won't be an issue provider there's no correction as we experience the last time bitcoin cross the $9k price mark.

Even though we are still in recession, the price of the bitcoin managed to breakout in its resistance and also in 100 MA which is considered as good. The price is consolidating but it pointing upwards that can be indicate as a good sign because of the volume. There is now a major resistance at $9500 and if it will be break then we should expect that the price may achieve $10,000 per each. The panic that is currently happening is because of the pandemic which lead to lost of many jobs in different countries and it has also affect to the cryptocurrency market.

Well $9500 resistance was invalidated again, pushing the price to the $8700 levels. So we need to consider both sides, one thing is that we are still in the FOMO phase I believed, so it might try to bump to $10k again. And we all know that $k increase is possible in this market, so there is a chance for an upside here prior to the halvening.

KnightElite

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Quote from: CryptopreneurBrainboss on May 02, 2020, 11:10:28 PM

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?

There's is every reason for it to achieve that, initially bitcoin market doesn't follow the traditional market price movement but I do understand why it had to this time as fud was the number one emotion during the early stages of the breakouts of Corona pandemic. People were afraid and since the cryptocurrency Industry is filled with inexperience investor, we just have to be the most affected marketing regards to decline of price of out tradable assets although as you can see we also were the quickest to recover than any other market out there.

As of press, bitcoin is currently trading above $9k meaning crossing $10k won't be an issue provider there's no correction as we experience the last time bitcoin cross the $9k price mark.

Even though we are still in recession, the price of the bitcoin managed to breakout in its resistance and also in 100 MA which is considered as good. The price is consolidating but it pointing upwards that can be indicate as a good sign because of the volume. There is now a major resistance at $9500 and if it will be break then we should expect that the price may achieve $10,000 per each. The panic that is currently happening is because of the pandemic which lead to lost of many jobs in different countries and it has also affect to the cryptocurrency market.

CryptopreneurBrainboss

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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?

There's is every reason for it to achieve that, initially bitcoin market doesn't follow the traditional market price movement but I do understand why it had to this time as fud was the number one emotion during the early stages of the breakouts of Corona pandemic. People were afraid and since the cryptocurrency Industry is filled with inexperience investor, we just have to be the most affected marketing regards to decline of price of out tradable assets although as you can see we also were the quickest to recover than any other market out there.

As of press, bitcoin is currently trading above $9k meaning crossing $10k won't be an issue provider there's no correction as we experience the last time bitcoin cross the $9k price mark.

ice18

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No one can correctly predict what will be the price of bitcoin in the coming weeks $10k its so easy to reach because of halving and maybe after halving it will continue to climb or crash again depends on the market situation and of course manipulation.

hugeblack

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There are no historical resistance levels at $ 8,000, so we are faced with two directions. As for reaching $ 9,600 levels, then it will be easy to reach $ 10,000 (bounce back) or collapse again to previous levels at $ 7000.
Personally, I do not see that the price is ready to rise again to the levels of 10,000 dollars, especially since we have increased by more than 20% during the previous days, so the scenario of returning to 7000 dollars is the most likely in my opinion.

The positive side: the price is able to erase losses faster than it was in the past.

Shinpako09

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Although the price is showing slow recovery, I don't think it can go up to $10k right now. The only chance it could happen is because of others FOMO but is there a FOMO on going? If there is, the price should have performed an unexpected movement like wide swings. Obviously, there's not yet enough FOMO. Others are still afraid the price might go down because of crisis. Let's see after halving if the situation will change.

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