Is 12K USD is the next target? - page 4.

TheAndy500

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Quote from: Yamifoud on March 07, 2020, 08:22:17 AM

It' is almost a month since the thread was created but we aren't still surging even surpassing at $11k. Though we positively think that $12k is quite possible for each reach but still we don't know when it comes. Halving has to come closer but the market isn't showing a strong market resistance that could help to rally the market instead, we've been stabilized at $8k to $9k. This is not actually we have been expected to happen but this is too early to think that we failed again. And I believe that the next sem will be better.

Because the thread was established at the moment of momentary euphoria. When the price rises for a few days or weeks, many people (usually new speculators) don't even think about the price can start falling. Unfortunately, it is never the case that the price will always only rise. At the moment we are in a trend of very strong price drops and I think that the price will continue to go down. It is possible that by the end of March we will see even $5k.

Finestream

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Quote from: Yamifoud on March 07, 2020, 08:22:17 AM

It' is almost a month since the thread was created but we aren't still surging even surpassing at $11k.

We won't because the market dump, we are only close to $10500 this year so far, that's the highest but the market seems to be hit by a big dump.
and this could be the reason - https://bitcoinist.com/plustoken-scammers-move-stolen-bitcoin-again-dump-inbound/

Now bitcoin trading below $8000 which is unexpected, but then things happen, we can't close our eyes on possibilities, let's just accept this and let's move one while waiting for a good bounce back.

Yamifoud

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It' is almost a month since the thread was created but we aren't still surging even surpassing at $11k. Though we positively think that $12k is quite possible for each reach but still we don't know when it comes. Halving has to come closer but the market isn't showing a strong market resistance that could help to rally the market instead, we've been stabilized at $8k to $9k. This is not actually we have been expected to happen but this is too early to think that we failed again. And I believe that the next sem will be better.

Taskford

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Quote from: Viscore on March 07, 2020, 06:22:56 AM

Quote from: JoMarrah Iarim Dan on March 07, 2020, 06:04:52 AM

I conducted some research earlier today and this one catched my attention the most https://www.newsbtc.com/2019/12/24/bitmex-research-predicts-bitcoin-trading-between-2k-and-15k-in-2020
As what the url says, bitmex predicted that the possible highest bitcoin price will not be more than $15K this year. So that $12K dollar is within the range of the prediction. As we can observe to the current bitcoin price, $12K is not too far between $9K

I think it's better to make a comparison on the high price this year or what bitcoin has achieved, and that is $10400+, so $12 is very reachable and it could happen in just one day. However, I would believe that the price could even rise higher, experts can predict all they want but its been proven many times that they are also wrong as bitcoin is very unpredictable, if there was a big pump in the past that experts did not see it coming, sure it could possibly happen again.

It's very reachable since that price is not high enough but we need more buy orders before we can get into that price and there's a rumor that some country push a digital currencies to control the spread of the virus and maybe on that we can see a great changes to the price of bitcoins.

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Quote from: JoMarrah Iarim Dan on March 07, 2020, 06:04:52 AM

I conducted some research earlier today and this one catched my attention the most https://www.newsbtc.com/2019/12/24/bitmex-research-predicts-bitcoin-trading-between-2k-and-15k-in-2020
As what the url says, bitmex predicted that the possible highest bitcoin price will not be more than $15K this year. So that $12K dollar is within the range of the prediction. As we can observe to the current bitcoin price, $12K is not too far between $9K

I think it's better to make a comparison on the high price this year or what bitcoin has achieved, and that is $10400+, so $12 is very reachable and it could happen in just one day. However, I would believe that the price could even rise higher, experts can predict all they want but its been proven many times that they are also wrong as bitcoin is very unpredictable, if there was a big pump in the past that experts did not see it coming, sure it could possibly happen again.

jhonjhon

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Quote from: JoMarrah Iarim Dan on March 07, 2020, 06:04:52 AM

I conducted some research earlier today and this one catched my attention the most https://www.newsbtc.com/2019/12/24/bitmex-research-predicts-bitcoin-trading-between-2k-and-15k-in-2020
As what the url says, bitmex predicted that the possible highest bitcoin price will not be more than $15K this year. So that $12K dollar is within the range of the prediction. As we can observe to the current bitcoin price, $12K is not too far between $9K

Yes it is true that $12,000 isn’t that far from the current price but despite the small difference as we can see on today’s price, the trend seems to look like it’s having a very hard time to increase for even a hundred to a thousand dollars thus, $12,000 may still be very far from today. A lot of speculations saying it will be below $15k, some even say that it’ll be more and we can’t really figure out which one is very close to what will happen so for me, why not ride the current trend and make the most of out it and if it will become $12-$15k in the next few months then good but if it will not atleast we have minimize your losses.

JoMarrah Iarim Dan

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I conducted some research earlier today and this one catched my attention the most https://www.newsbtc.com/2019/12/24/bitmex-research-predicts-bitcoin-trading-between-2k-and-15k-in-2020
As what the url says, bitmex predicted that the possible highest bitcoin price will not be more than $15K this year. So that $12K dollar is within the range of the prediction. As we can observe to the current bitcoin price, $12K is not too far between $9K

Jeremy Franklin

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Quote from: thirdlight on March 05, 2020, 01:27:58 PM

I think Bitcoin's target is going to go back to $10k and get fixed at that price, and then we need to think about going up to $12k, but eventually Bitcoin will go up to $12k and even higher.

My crystal bowl tells me BTC is going to 5.5K then to 25K then to 10.5K and then to 58.5K. Everything happens within Chinese New Year and Wallstreet bonuses. It will be a wild ride and we gonna be rich if we hodl like true believers!

STT

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Quote from: Slow death on March 06, 2020, 11:35:36 AM

things don't seem to be that simple, so far the price is struggling to stay above $9000

This isnt a struggle just yet, the London close low was near to but not on the 2 day average. But the fact its above such a short term measure shows we are moving with some momentum. What I do see here possibly but isnt yet apparent is the resistance from late February price action and this forms the tops of recent prices. See how this develops over the weekend into next week, 9300 is the 50 day average also so I would guess this is the next battle ground.

Between 12k and here are many areas to fight over but its been quite positive overall in setting a possible bottom despite corona effect on main markets.

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Quote from: Free1bitco.in on March 06, 2020, 11:23:44 AM

Quote from: Natalim on March 06, 2020, 06:28:38 AM

$12k is still possible mate, bitcoin again as we are witnessing now is trying to climb on its high which is $10400, once we broke that price, who knows what next, maybe a big pump that would push bitcoin to $12,000 and it could possibly happen before the halving.

it's still possible, but that's not the next target, because right now the next target is still at $ 10k. after reaching the price of $ 10k, people think too optimistic, even me. but, in fact, the price of bitcoin is declining, even under $ 9k. at the moment, the price of bitcoin is back at $ 9k, and the next target is $ 10k which I think will be achieved by the end of this month. however, the journey to reach the price of $ 12k will not be easy.

Yeah anything still possible since many still speculating that to come specially for these days but actually we will struggle for this time since the economy still in big risk due to some sudden events which can contribute for massive upset, but still we still have a hope for betterment and maybe on next following month after halving will take effect we can see some good impact on it.

Slow death

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it is very risky to make optimistic predictions at this point. the price several times touched $10400 and dropped a lot and failed to stay above $10,000. remembering that last year when tried to reach $14000 it also dropped a lot. that means we can only think of $12,000 if the price is above $11,000 and stay stable for a long time.

Quote from: Free1bitco.in on March 06, 2020, 11:23:44 AM

and the next target is $ 10k which I think will be achieved by the end of this month.

things don't seem to be that simple, so far the price is struggling to stay above $9000

Free1bitco.in

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Quote from: Natalim on March 06, 2020, 06:28:38 AM

$12k is still possible mate, bitcoin again as we are witnessing now is trying to climb on its high which is $10400, once we broke that price, who knows what next, maybe a big pump that would push bitcoin to $12,000 and it could possibly happen before the halving.

it's still possible, but that's not the next target, because right now the next target is still at $ 10k. after reaching the price of $ 10k, people think too optimistic, even me. but, in fact, the price of bitcoin is declining, even under $ 9k. at the moment, the price of bitcoin is back at $ 9k, and the next target is $ 10k which I think will be achieved by the end of this month. however, the journey to reach the price of $ 12k will not be easy.

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Quote from: pacman7331 on February 09, 2020, 10:32:24 AM

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.

Well, congratulations that your predictions came true however, this is not necessarily means that Bitcoin is now predictable, perhaps it is just a coincidence. Crypto is always unpredictable and even the expert themselves cannot foresight what was the next move of the market. Now talking if we will hit 12k USD, I think it will however, there's no specific time when we will see it at that moment.

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Quote from: cryptoangel on March 05, 2020, 05:32:09 PM

Quote from: samcrypto on March 05, 2020, 05:06:15 PM

Quote from: thirdlight on March 05, 2020, 01:27:58 PM

I think Bitcoin's target is going to go back to $10k and get fixed at that price, and then we need to think about going up to $12k, but eventually Bitcoin will go up to $12k and even higher.

We are rising again above the $9k level this is a good bounce back after a short correction and we should aim for $10k again this time. Let’s take small pump at a time and we will see at the end of the quarter the price of bitcoin is on a good position again. Buy while its cheap, we still have a good chance to reach a new peak this year.

The current market is still stay in a green so current positive response will make good hype on before end of the quarter. Yesterday south Korea also accepting the crypto trading so it is really good news for crypto traders. This is right time to invest in Bitcoin because I am also expect it will reach 12k USD on before end of this month. But we must actively monitor the market, then only we will alert all the situation.

korean what ? exchange or korean country ? because i know there are already some korean based exchange before and its odd if they will ban koarean traders but allow other countries or maybe not all exchange are doing that . thats not important anymore but what important now is that the restriction was remove . this can contribute on the price and we will be possibly seeing upward movements from now . your idea of investing now is okay and who knows ? the price of 12k usd can come just before the halving started .

Divinespark

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It's difficult for Bitcoin to go up to the $ 10,000 price at this time, it seems that this is a very strong resistance area that Bitcoin needs to conquer. If Bitcoin can surpass $ 10,000 and stabilize at this price then surely $ 12,000 is a price that can be achieved this year.

Natalim

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$12k is still possible mate, bitcoin again as we are witnessing now is trying to climb on its high which is $10400, once we broke that price, who knows what next, maybe a big pump that would push bitcoin to $12,000 and it could possibly happen before the halving.

The pressure and the hype comes together, I am thinking of the surprise that could certainly take place soon since bitcoin is quite very impressive at the start and we are at a good moment now, I have to say I am very much bullish in the first half, especially before the halving.

el kaka22

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Quote from: thirdlight on March 05, 2020, 01:27:58 PM

I think Bitcoin's target is going to go back to $10k and get fixed at that price, and then we need to think about going up to $12k, but eventually Bitcoin will go up to $12k and even higher.

Honestly, we are still at the $10.5k mark as the target to break and can't really focus on $12k just yet however at this point I wouldn't be shocked if any resistance points or any targets are even in any importance after last year. Remember we moved from $3k to $14k to $7k in one year, which means we can do whatever we want whenever we want to as long as we want to do it and nothing else matters.

People talk about how $9k was hard or $10k was hard, none of them are hard to pass, as long as we can drive up the price by buying as much as we can, in the end we are going to get the price higher without a trouble. All we need is a good hype and no sell pressure from the people who have bitcoins, as long as we get that there is literally nothing that could slow us down at all.

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Quote from: samcrypto on March 05, 2020, 05:06:15 PM

Quote from: thirdlight on March 05, 2020, 01:27:58 PM

I think Bitcoin's target is going to go back to $10k and get fixed at that price, and then we need to think about going up to $12k, but eventually Bitcoin will go up to $12k and even higher.

We are rising again above the $9k level this is a good bounce back after a short correction and we should aim for $10k again this time. Let’s take small pump at a time and we will see at the end of the quarter the price of bitcoin is on a good position again. Buy while its cheap, we still have a good chance to reach a new peak this year.

The current market is still stay in a green so current positive response will make good hype on before end of the quarter. Yesterday south Korea also accepting the crypto trading so it is really good news for crypto traders. This is right time to invest in Bitcoin because I am also expect it will reach 12k USD on before end of this month. But we must actively monitor the market, then only we will alert all the situation.

samcrypto

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Quote from: thirdlight on March 05, 2020, 01:27:58 PM

I think Bitcoin's target is going to go back to $10k and get fixed at that price, and then we need to think about going up to $12k, but eventually Bitcoin will go up to $12k and even higher.

We are rising again above the $9k level this is a good bounce back after a short correction and we should aim for $10k again this time. Let’s take small pump at a time and we will see at the end of the quarter the price of bitcoin is on a good position again. Buy while its cheap, we still have a good chance to reach a new peak this year.

Oceat

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Quote from: carriebee on March 05, 2020, 01:51:32 PM

Quote from: thirdlight on March 05, 2020, 01:27:58 PM

I think Bitcoin's target is going to go back to $10k and get fixed at that price, and then we need to think about going up to $12k, but eventually Bitcoin will go up to $12k and even higher.

Numerous predictions are happening with the price of bitcoin. Well in my opinion price would possible reach more than 10k, who knows btc movement will surge. More users are optimistic on bitcoin price so I think more surprises awaits.

Bitcoin's market has higher volatility compared to the stocks market and just like you said, no one knows what would be the price of Bitcoin. But let's just expect a comeback already if there are no events that could change the market drastically in a short span of time. We have seen Bitcoin touched the $10,000 and now dropped back to $8,000 growing back slowly to $9,100. The possibility of touching $12,000 is possible but no one knows when.

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