Topic: Is 12K USD is the next target? (Read 953 times)
$12K is not likely going to happen anytime soon. Achievable targets were within the ranges of $8K-$10K and that was even predicted by some technical analysts after bitcoin halving. But right now with the situation of COVID 19 I doubt these predictions will come through.
Furthermore it seems that many low quality miners have been wiped out, and that could further help bitcoin prices rally upwards once the halving event begins.
That's because they are not anymore profitable with as the mining difficulty will increase, it's gonna be the big ones will survive in the long run if bitcoin price will not rise, therefore its expected that this halving bitcoin will rise, and it's a good sign that bitcoin is bullish now, we are at a good price and maybe next move will be $8k until we return back to $10,000. I am damn sure the price of BTC will reach atleast 12k before halving. Just have some patience and wait..
we can't wait too much, it's only 39 days before the halving - https://www.buybitcoinworldwide.com/bitcoin-clock/
The world is still in panic right now, it's a big hindrance for us achieving that good price, we might see the price slowly recovers but to pump that high, I am not sure now as anything there could be another dump because the economy is getting worst and that information could be use by whales to cause some big panic again.
@Free1bitco.in due to coronavirus it’s becoming impossible to predict where bitcoin prices will end post halving, but there’s a growing sense of optimism too in the crypto market that we will see a upwards movement in bitcoin prices pre and post the halving period. Furthermore it seems that many low quality miners have been wiped out, and that could further help bitcoin prices rally upwards once the halving event begins.
Source:
https://cointelegraph.com/news/bitcoin-price-will-go-up-as-only-profitable-miners-remain-data-analyst
https://www.coindesk.com/bitcoin-halving-explainer
https://www.nasdaq.com/articles/coronavirus-the-halving-and-a-price-drop%3A-bitcoin-mining-marches-on-2020-03-24
I am damn sure the price of BTC will reach atleast 12k before halving. Just have some patience and wait..
we can't wait too much, it's only 39 days before the halving - https://www.buybitcoinworldwide.com/bitcoin-clock/
The world is still in panic right now, it's a big hindrance for us achieving that good price, we might see the price slowly recovers but to pump that high, I am not sure now as anything there could be another dump because the economy is getting worst and that information could be use by whales to cause some big panic again.
I am damn sure the price of BTC will reach atleast 12k before halving. Just have some patience and wait..
we can't wait too much, it's only 39 days before the halving - https://www.buybitcoinworldwide.com/bitcoin-clock/
The world is still in panic right now, it's a big hindrance for us achieving that good price, we might see the price slowly recovers but to pump that high, I am not sure now as anything there could be another dump because the economy is getting worst and that information could be use by whales to cause some big panic again.
I think there are a lot of people who really wanted to see the price to go to at least 5 digit, but because of the Covid-19 the price sinks to its lowest this year and we are having a hard time to even break $7k today because of the continuous selling as people needed money at this time. Yes, we are close to halving, almost a month now, but I don't think that $12k is possible before the halving because the pandemic is still spreading very fast and this could put a pressure to most crypto investors to still sell just to be able to survived right now.
Last time it tried it was dump back below but now it's trying to break some resistance again, maybe if we break this resistance, we will see the price to continue to rise, but let's us not expect too hard, things might be hard and price might only be manipulated, remember we are still in the global crisis, anything could happen, just play with the price but don't expect it will reach to $12k soon.
I am damn sure the price of BTC will reach atleast 12k before halving. Just have some patience and wait..
we can't wait too much, it's only 39 days before the halving - https://www.buybitcoinworldwide.com/bitcoin-clock/
The world is still in panic right now, it's a big hindrance for us achieving that good price, we might see the price slowly recovers but to pump that high, I am not sure now as anything there could be another dump because the economy is getting worst and that information could be use by whales to cause some big panic again.
I think there are a lot of people who really wanted to see the price to go to at least 5 digit, but because of the Covid-19 the price sinks to its lowest this year and we are having a hard time to even break $7k today because of the continuous selling as people needed money at this time. Yes, we are close to halving, almost a month now, but I don't think that $12k is possible before the halving because the pandemic is still spreading very fast and this could put a pressure to most crypto investors to still sell just to be able to survived right now.
I am damn sure the price of BTC will reach atleast 12k before halving. Just have some patience and wait..
we can't wait too much, it's only 39 days before the halving - https://www.buybitcoinworldwide.com/bitcoin-clock/
The world is still in panic right now, it's a big hindrance for us achieving that good price, we might see the price slowly recovers but to pump that high, I am not sure now as anything there could be another dump because the economy is getting worst and that information could be use by whales to cause some big panic again.
the market situation is still Bearish, and volatility is very high, we still cannot confirm whether BTC is able to price $ 12000 this year, because it is predicted that Bitcoin will fall at the level of $ 1000- $ 3000 for accumulation, yes I suggest you to prepare money for the worst scenario
I agree the volatility is very high but BTC has made strong movements previously as well so obviously we can't doubt that right...
BTC is a powerful asset it has all the capabilities to reach that price just wait and see how the price fluctuates in the halving, I am damn sure the price of BTC will reach atleast 12k before halving. Just have some patience and wait..
I feel bullish right now, Bitcoin price overcome the 10K USD zone after a long time! I predicted this two weeks ago that Bitcoin price will hit 10K USD at the end of January or at the first of February! Is Bitcoin price predictable now guys? So, what is the next target? 12K USD? Please share your opinions.
How I wish price is still at were it is February 9 when you open this thread. Things has changed since then because of the covid19. I am not happy it has to be like this and bitcoin is struggling to maintain on remaining above $6500. It has to proving it recovery face by breaking the upper channel on the daily chart. 
the market situation is still Bearish, and volatility is very high, we still cannot confirm whether BTC is able to price $ 12000 this year, because it is predicted that Bitcoin will fall at the level of $ 1000- $ 3000 for accumulation, yes I suggest you to prepare money for the worst scenario
Is it a worst thing If Bitcoin falls under $3,000? I think not, because that's the best entry point since Bitcoin surpassed the $1,000 level in 2016.
Though the market seems to have a lot of challenges this year, thus making it harder to hit any resistance level. $12,000 seems out of reach in the next few months due to the health crisis that the world is facing today and other matters that causes negative effect in crypto market cap, such as scams, hacks, and other fraudulent activities inside the cryptocurrency space.
Currently, Bitcoin has been moving up and down within the $6,000 range. Maybe because there are still a lot of people who's very optimistic on the block halving effect.
12k is a long way off still I think. We have to work through all the prices from the low upwards and various floors previously broken through
So price action is still positive right now but remains challenged with points we'll halt at and revise. We're just below 2 day average price, with the 8 day average below. I count the various levels here as rungs on the ladder to progress upwards, so its a bit of a climb to move through.
If it holds 6700 here above the previous highs recently, then market will gain more confidence and we try each level above. 50 day and 200 day are general indications of momentum and confidence likely, takes some time to turn this all around as both measures are overhead presently.
So price action is still positive right now but remains challenged with points we'll halt at and revise. We're just below 2 day average price, with the 8 day average below. I count the various levels here as rungs on the ladder to progress upwards, so its a bit of a climb to move through.
If it holds 6700 here above the previous highs recently, then market will gain more confidence and we try each level above. 50 day and 200 day are general indications of momentum and confidence likely, takes some time to turn this all around as both measures are overhead presently.
the market situation is still Bearish, and volatility is very high, we still cannot confirm whether BTC is able to price $ 12000 this year, because it is predicted that Bitcoin will fall at the level of $ 1000- $ 3000 for accumulation, yes I suggest you to prepare money for the worst scenario
I still think 12k is a doable price if you ask me. Of course it is not the "next target" anymore because we are at around 6k now, a more logical next target would be getting above 7k first and 9k after that and staying above 10k after that, only then we can reach the 12k price range.
However, just because it is not the next target anymore doesn't mean it is not a target neither. Remember we were around 4k last year and moved to 14k in a month, so bitcoin does small moves time to time, like for example this summer to winter there was a movement of 10k to 7k to 10k, those were small movements and bitcoin may do something like that, but we can also do HUGE movements as well, we are capable of going from 4k to 14k in a month and did it just last year so do not count 12k out just yet.
However, just because it is not the next target anymore doesn't mean it is not a target neither. Remember we were around 4k last year and moved to 14k in a month, so bitcoin does small moves time to time, like for example this summer to winter there was a movement of 10k to 7k to 10k, those were small movements and bitcoin may do something like that, but we can also do HUGE movements as well, we are capable of going from 4k to 14k in a month and did it just last year so do not count 12k out just yet.
In some moment Bitcoin will reach that price but not yet, not now. To my opinion current price rise is temporary and the price will pull back although in situations like this when other factors beside market influence the price it's hard to predict price movements.
I would like to be an optimist but having in mind the whole picture it's not that easy. To my opinion even 10000$ in current situation would be very hard to break and that is the value that I see as a resistance border.
many things that prevent it from happening at this time, one of which is a pandemic that happened. however, I also feel that right now, the current target is $ 10k, and that will be quite difficult to achieve unless this pandemic problem has been completed.I would like to be an optimist but having in mind the whole picture it's not that easy. To my opinion even 10000$ in current situation would be very hard to break and that is the value that I see as a resistance border.
In some moment Bitcoin will reach that price but not yet, not now. To my opinion current price rise is temporary and the price will pull back although in situations like this when other factors beside market influence the price it's hard to predict price movements.
I would like to be an optimist but having in mind the whole picture it's not that easy. To my opinion even 10000$ in current situation would be very hard to break and that is the value that I see as a resistance border.
many things that prevent it from happening at this time, one of which is a pandemic that happened. however, I also feel that right now, the current target is $ 10k, and that will be quite difficult to achieve unless this pandemic problem has been completed. I would like to be an optimist but having in mind the whole picture it's not that easy. To my opinion even 10000$ in current situation would be very hard to break and that is the value that I see as a resistance border.
At the current market situation, I think $12K by the end of the year is already a big accomplishment.
This year, we are not certain yet on how big the virus will damage our world, there's been a global crisis already, and it will take time for the business to recover, and for sure as of this time, a lot of business are already bankrupt without assurance as to when the market will be back to normal.
Bitcoin might fall down, it could happen but hopefully by the end of the year, bitcoin will end bullish, and yes $12,000 is a good target now.
This year, we are not certain yet on how big the virus will damage our world, there's been a global crisis already, and it will take time for the business to recover, and for sure as of this time, a lot of business are already bankrupt without assurance as to when the market will be back to normal.
Bitcoin might fall down, it could happen but hopefully by the end of the year, bitcoin will end bullish, and yes $12,000 is a good target now.
It is very strange now to read and realize how dramatically the situation has changed.
The market was simply turned upside down, the situation radically changed the position and attitude of people. Today I read an interesting article about conspiracy theory and that the current situation in the world was prepared in advance. What do you think about that?
A pandemic, the collapse of the oil market, and in general the collapse of all financial markets, including cryptocurrencies ... In fact, little has changed ... Is this all artificial?
Yes, when the price gets closer to 11k after reaches above 10k, people are hopefully about reaching 12k because it is very close and one push could get it to over 12k and they are mostly right because those things could happen and has happened before as well.The market was simply turned upside down, the situation radically changed the position and attitude of people. Today I read an interesting article about conspiracy theory and that the current situation in the world was prepared in advance. What do you think about that?
A pandemic, the collapse of the oil market, and in general the collapse of all financial markets, including cryptocurrencies ... In fact, little has changed ... Is this all artificial?
When the price falls down to 5-7k levels people are still optimistic due to price basically bottoming out and not going down anymore, so they see the price going up as the only direction left (well when you don't go down, the only way is up) so that makes sense too because that has happened before as well (remember the 3.5k times?).
So, both of those people are right about reaching 12k and being in vicinity of that price plays a big role, if we talked about 20k that would be different but 12k is still doable if you ask me.
It is very strange now to read and realize how dramatically the situation has changed.
The market was simply turned upside down, the situation radically changed the position and attitude of people. Today I read an interesting article about conspiracy theory and that the current situation in the world was prepared in advance. What do you think about that?
A pandemic, the collapse of the oil market, and in general the collapse of all financial markets, including cryptocurrencies ... In fact, little has changed ... Is this all artificial?
The market was simply turned upside down, the situation radically changed the position and attitude of people. Today I read an interesting article about conspiracy theory and that the current situation in the world was prepared in advance. What do you think about that?
A pandemic, the collapse of the oil market, and in general the collapse of all financial markets, including cryptocurrencies ... In fact, little has changed ... Is this all artificial?
In some moment Bitcoin will reach that price but not yet, not now. To my opinion current price rise is temporary and the price will pull back although in situations like this when other factors beside market influence the price it's hard to predict price movements.
I would like to be an optimist but having in mind the whole picture it's not that easy. To my opinion even 10000$ in current situation would be very hard to break and that is the value that I see as a resistance border.
In fact we will find it hard to see the price of bitcoin returning to $ 10k in a crisis like this the pandemic continues then the whole market will experience a bad downturn as it is today, I see bitcoin only lasts $ 6k + but didn't know in the next month it will face halving will this demand be more and more on the market because it is increasing due to halving?I would like to be an optimist but having in mind the whole picture it's not that easy. To my opinion even 10000$ in current situation would be very hard to break and that is the value that I see as a resistance border.
The current situation is not possible where many people are now in need of money to stay at home for a long time.
I will only follow the path where bitcoin will go.
Over the past two years, Bitcoin has shown almost 163% growth, and what has happened recently, it looks like a general tendency for all markets to fall due to quarantine and the coronavirus epidemic. Although, in my opinion, the cryptocurrency market should not react so badly to this problem, since the price of cryptocurrency today is affected by the panic of users, and not by the state of the economy of most countries. According to many analysts, Bitcoin has very good prospects for the whole of 2020, since many countries are ready to accept cryptocurrency as a digital asset and means of payment, and non-cash payments, even under the current conditions of a pandemic, are very useful for all of humanity. In addition, according to the research of the BofA Securities, Bitcoin is recognized as one of the best investment assets not only recently, but also for all 10 years of its existence. Well, if we talk about the figures for the cost of bitcoin, then they very carefully and twice call prices from $ 2,000 to $ 15,000.
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