Topic: Is 12K USD is the next target? - page 7. (Read 953 times)
If you ask me, I'd say someone spoke too soon. And just when we thought we hit 10k USD, we dumped by 4% in less than 24 hours. And a momentum that has been building for weeks - comes to a probable halt? 12k seems likely or not. Just not sure anymore. Quite frankly I don't see it anytime soon.
I think the correction has started, bitcoin now trading at $9800 and it wasn't moving as we are expecting it to.
Unfortunately I have to say that bitcoin might drop further but it doesn't mean it will not recover, of course bitcoin always recovers even the time when we thought its already dead, once again we are still witnessing its price volatility, take advantage of it while you can.
Unfortunately I have to say that bitcoin might drop further but it doesn't mean it will not recover, of course bitcoin always recovers even the time when we thought its already dead, once again we are still witnessing its price volatility, take advantage of it while you can.
I feel bullish right now, Bitcoin price overcome the 10K USD zone after a long time! I predicted this two weeks ago that Bitcoin price will hit 10K USD at the end of January or at the first of February! Is Bitcoin price predictable now guys? So, what is the next target? 12K USD? Please share your opinions.
Actually, for me, the bullish market already started a few months ago and upon seeing the Coinmarketcap it seems the price of bitcoin step down again on the price of 9800$. Yesterday, the price of bitcoin is in the price of 10000$ but right now it's now down again and can we see the 12,000$ per bitcoin or we will wait again until we achieved the next target?. I'm happy yesterday because after a couple of days we see again the price of bitcoin reaching the 10,000$ but unfortunately, it only stays a day on that price. IMO, we should be kept on pushing the price to pump if we intend to reach that target. Bitcoin always remains unpredictable and right now we still on the way reaching again the 10,000$. Everybody can predict the price of bitcoin and I also agree with others that, it seems its only a coincidence that you predicted the price.
There yer go, its done on cue a small sell down to previous support levels:
2 day average of the blue line, see if it can form further selling or recover and confirm that support as a new recent low for a wider time scale.
2 day average of the blue line, see if it can form further selling or recover and confirm that support as a new recent low for a wider time scale.
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.
Yeah we are moving upward steadily so the market is a little bit predictable if this will continue. We can expect 12k at the end of the first quarter or by the 2nd quarter of this year. There are little setbacks of prices so we can expect that it will take like 2-4 months before we can break the 12k USD barrier price. But if the demand will skyrocket then we can expect a bullish price in just a short period of time. Like 12k will be hit in less than 2 months.
By the time im typing this, Bitcoin is at exactly $9,938.23.
Nevertheless, we will be seeing more than $12,000 in a few months now.
Nevertheless, we will be seeing more than $12,000 in a few months now.
Yup, the first step is not 12k. The first step is securing 10k. We can talk after 12k if we don't fail to secure the actual gains.
And to OP: please stop dreaming of unrealistic bubbles every time Bitcoin rises a little bit. Just HODL and chill.
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.
Just because your prediction happened means Bitcoin is now predictable. Of course anyone could predict a positive outcome knowing there's a big event coming in that could potentially make the price surge to new heights.
Bitcoin is still very unpredictable, the only thing that could be easily predicted is the price pull back everytime Bitcoin breaks the resistance level, just like what I said in this thread https://bitcointalksearch.org/topic/m.53800489
By the time im typing this, Bitcoin is at exactly $9,938.23.
Nevertheless, we will be seeing more than $12,000 in a few months now.
12K USD is not that far to achieve. Bitcoin price can go there even in this month. But by looking at the price chart, I feel the price will dump now, after going 10500 to 10700 Bitcoin price will come back under 10K USD! So, 12K USD is not possible in this month, you never know what gonna exactly happen.
You have said it already that we do not know what could happen. The market behavior at this moment is really exciting and at the same time, worrisome. The market price could again fall in a sudden if that would happen, we cannot tell when will it go up again. These assumptions are due to what happen before, wherein the market price gone continuously falling.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 it is obviously not, still. What we are seeing is just a part of the market volatility in nature and we do not still know what may happen at the end of this month and what could halving bring to this industry whether it would be a good thing just like before, or not. The only thing we can do is to patiently wait and to avoid hasty decisions.
how about $11k first, then $12K, we will follow the trend of the market since thus far, bitcoin price did not jump with that kind of pace.
Bitcoin now at $10,000 is a good news but are we sure the bullish movement will continue? of course not, it could possibly go down again then we will all the hype will be gone, I mean its still too early, let us not be too overconfident, we will get their at the right time but the price needs to correct first IMO.
Bitcoin now at $10,000 is a good news but are we sure the bullish movement will continue? of course not, it could possibly go down again then we will all the hype will be gone, I mean its still too early, let us not be too overconfident, we will get their at the right time but the price needs to correct first IMO.
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.
Before we dream about the $12,000 Bitcoin value, we should first monitor the movement of the price of Bitcoin, its pump and pull backs. If Bitcoin would reach $11,000 value this month, this would be a great sign for the $12,000 value next month.
So far, I don't see a dump this week, Bitcoin's momentum is strong, its rising might become slow but, it won't dump and would certainly retain its market value.
12k is not the next target, we're rarely in a free run and even right now price is some resistance quite possibly. It appears we are bullish, we have momentum but it wont always continue without hesitation.
We're past 9776 the lowest horizontal line shown here from summer 2019 prices but theres many prices that ended around 10200 and it can find enough volume to sell here from holders left over from summer. Theres easily enough possibility on a monday morning opening though I've no real clue on sentiment to push onwards, generally its best to only doubt a repeating trend after it falters some.
We're past 9776 the lowest horizontal line shown here from summer 2019 prices but theres many prices that ended around 10200 and it can find enough volume to sell here from holders left over from summer. Theres easily enough possibility on a monday morning opening though I've no real clue on sentiment to push onwards, generally its best to only doubt a repeating trend after it falters some.
Before we hit the $12K we need some type of correction first. The open interest and funding rates for futures are starting to get really over extended. I know we all want Bitcoin to get 20% days but keep in mind that usually means it's a blow off top and will reverse into bear market territory.
There will be pullbacks on the way there, sure. The question is, will there be any deep pullbacks, or just sideways ones?
I'm weary of the heavy longs too, but bears keep repeatedly failing to trigger any selloffs. So shorters and trapped bears from the December-January ranges may just continue being squeezed.
I'm beginning to think we won't see a significant (15% or more) correction until after the market reaches $12K-$13K. This is based on the ridiculously strong higher time frame momentum, and all the trapped demand at lower levels. My latest analysis is posted here: https://bitcointalksearch.org/topic/m.53805081
I see horizontal resistance ~ $10.4K, $11K, and $12K.
$12K could serve as a short term local top, but ultimately I'm looking for $12,700+. That's the typical minimum target for a Wave 3.
$12K could serve as a short term local top, but ultimately I'm looking for $12,700+. That's the typical minimum target for a Wave 3.
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Thanks for sharing your TA again, I will definitely bookmark this and see how it goes.
But I guess it's really possible at this point with all the enthusiasm and optimism you will see around this community. Even the altcoin market is booming, which means that investors are really back again and with fresh blood pumping the market, it will just be a matter of time before we hit that $12k.
Before we hit the $12K we need some type of correction first. The open interest and funding rates for futures are starting to get really over extended. I know we all want Bitcoin to get 20% days but keep in mind that usually means it's a blow off top and will reverse into bear market territory.
Best is to get a healthy correction, lower the open interest and reset the funding rates while people take profits and new people start to buy the dips. Because if we start getting massive $1000 red candles people will be scared to buy the dips and we will fall further.
See what happens at the CME open, since there will be a gap and see if it gets filled before resuming up trend.
Best is to get a healthy correction, lower the open interest and reset the funding rates while people take profits and new people start to buy the dips. Because if we start getting massive $1000 red candles people will be scared to buy the dips and we will fall further.
See what happens at the CME open, since there will be a gap and see if it gets filled before resuming up trend.
Does the market look in the bullish by now? Not till now but we are on the way to that moment and anytime will possibly happen.
Market has been bullish since we enter 2020. Actually we have been, from the last low of $3000 in 2018 up to $10,000 again.The continuous market pumps may simply mean that the chances are big for Bullrun. But then, we shouldn't have to celebrate by now because for sure dumps would something to happen which I'm afraid that many buyers and holders may fall into FOMO and ruin the momentum that we have today. If we are into that kind of drama, we can't be in the real Bullrun coz it turns back into bearish again.
Definitely, we might see occasional selling to make profit, it's just normal. However, after a few minor corrections, the price seems to go up in the range of 10%-30%. And then when FOMO sets in again, specially at this big mental barrier, I do think that chances are, we are in a sort of mini bull run again. Specially that notion that halving event could bring the price even higher in the future.
Absolutely. We've seen 12k pose significant resistance before and that essentially brought the pump late last year to a halt. A lot of people expected a breakout after 12k was breached but at the end of the day, there wasn't enough bullish momentum to keep it going.
If 12k was indeed breached this time round, it'll send a very bullish signal to the wider markets and will definitely cause FOMO of some degree.
It should be a matter of time - but corrections along the way are absolutely normal.
If 12k was indeed breached this time round, it'll send a very bullish signal to the wider markets and will definitely cause FOMO of some degree.
It should be a matter of time - but corrections along the way are absolutely normal.
Does the market look in the bullish by now? Not till now but we are on the way to that moment and anytime will possibly happen.
The continuous market pumps may simply mean that the chances are big for Bullrun. But then, we shouldn't have to celebrate by now because for sure dumps would something to happen which I'm afraid that many buyers and holders may fall into FOMO and ruin the momentum that we have today. If we are into that kind of drama, we can't be in the real Bullrun coz it turns back into bearish again.
The continuous market pumps may simply mean that the chances are big for Bullrun. But then, we shouldn't have to celebrate by now because for sure dumps would something to happen which I'm afraid that many buyers and holders may fall into FOMO and ruin the momentum that we have today. If we are into that kind of drama, we can't be in the real Bullrun coz it turns back into bearish again.
I see horizontal resistance ~ $10.4K, $11K, and $12K.
$12K could serve as a short term local top, but ultimately I'm looking for $12,700+. That's the typical minimum target for a Wave 3.
$12K could serve as a short term local top, but ultimately I'm looking for $12,700+. That's the typical minimum target for a Wave 3.
12K USD is not that far to achieve. Bitcoin price can go there even in this month. But by looking at the price chart, I feel the price will dump now, after going 10500 to 10700 Bitcoin price will come back under 10K USD! So, 12K USD is not possible in this month, you never know what gonna exactly happen.
It doesn’t mean that you were able to predict the price few weeks ago it means that bitcoin is all predictable now. In my opinion, it is just a coincidence that you were able to predict is correctly, if bitcoin is that predictable the thrill won’t be on and I think bitcoin won’t be that interesting as it is now.
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