Topic: June 2019 - Bitcoin hits 10K, where next (Read 721 times)

Quote from: boyptc on June 24, 2019, 12:53:33 PM

As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

There are many predictions for the price of Bitcoin for this year, some say $ 20,000 and so on $ 25,000 but that can all happen or vice versa,
Repeating the history of 2015 and 2017, every 3 years Bitcoin has a peak value.
But for this year it might happen like 2017 or it could be the opposite. But I'm sure at least $ 20,000 is possible.

I think we're now reaching the destined trend for bitcoin price and as people bare in mind to their speculative ideas, it did attract more great results. As demand continued to increase, adoption also rises and as we're going to see more good news taking into influence towards the public let's just not expect too much. Maybe $15k price for each btc will be optimal if sudden bounces will take dominance, but not too fast for $20k.

InvoKing

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And it's back to $11029.

It's becoming more stable these days and just like the old pattern that bitcoin showed us. It stopped over to $11k for the meanwhile and there will be a surge within few days. That's all I can see base on its past behavior.

Being busy but watching the chart daily and yeah It's more stable these days $10,5-11k which is good imo

serjent05

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Quote from: Zemomtum on June 23, 2019, 01:20:16 PM

We are already in the parabolic mode and the bull run has finally activated. I don't see Bitcoin gasping for breath until it reaches $60k, It may happen late this year or first quarter of next year before the halving. We are approaching the global adoption of digital currency

I think it is kinda slim for $60k for this year. Probably a year after the halving. We all experience that there is always an after effect of the halving making Bitcoin price to surge in the following months. Though we have seen that insitutions are taking the driver seat in Bitcoin surge, I believe it is not enough to push the price of Bitcoin to $60k this year.

boyptc

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Quote from: onrise on June 23, 2019, 12:32:31 PM

Quote from: boyptc on June 22, 2019, 05:12:58 PM

Quote from: Farma on June 24, 2019, 03:19:20 AM

Violent turbulence right now... From +$11k to ~$10650 in few minutes.

Prolly whale cashed out and took profits because it's weekends.

$10500 now but its still a normal thing.

Its back to 10750$. It would have dropped a bit due to weekend and profit booking both happening simultaneously and resulting in some 500$ or more drop happening in the price and thus now some relief as market has rose back.

And it's back to $11029.

It's becoming more stable these days and just like the old pattern that bitcoin showed us. It stopped over to $11k for the meanwhile and there will be a surge within few days. That's all I can see base on its past behavior.

snipie

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well, if the increase is stable, I think July, the price of bitcoin will reach $ 13k. it certainly will change cryptocurrency growth for the better. for now, the price of bitcoin has indeed reached a price of $ 10k, except that the increase in the price of $ 11k is quite unstable.

I prefer to stay between $10k and $11k for a while instead of rising very fast. Consolidation is important to avoid bad surprises.
And yes if it continues like that, July will be better with +$12k

Farma

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well, if the increase is stable, I think July, the price of bitcoin will reach $ 13k. it certainly will change cryptocurrency growth for the better. for now, the price of bitcoin has indeed reached a price of $ 10k, except that the increase in the price of $ 11k is quite unstable.

YOSHIE

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Quote from: onrise on June 23, 2019, 12:32:31 PM

As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

There are many predictions for the price of Bitcoin for this year, some say $ 20,000 and so on $ 25,000 but that can all happen or vice versa,
Repeating the history of 2015 and 2017, every 3 years Bitcoin has a peak value.
But for this year it might happen like 2017 or it could be the opposite. But I'm sure at least $ 20,000 is possible.

Indrawan77

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I think the most important things now is making it become stable and dont let the price fall down like in 2018, everything seems really good at the moment, I don't expect the rising will continue until 20k at the moment, but its a very positive rising and the investors seems to be back, now the bitcoin should aim for the mass adoption to increase its value

mangsitin

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Yes, we can enjoy the current price of Bitcoin hitting $ 10000, so that nothing is impossible going forward the price will hit $ 20,000 even more. Because Bitcoin in my opinion will continue to increase, because it is very limited in total supply.

leowonderful

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I've been on the move recently so I haven't been able to check much in the way of Bitcoin pricing, but it seems Bitmex funding on the XBTUSD pair has reached pretty high levels near 0.2% and it has been near that for some time. Despite that, we're still doing just fine and it appears there's still space to go up even with longs paying so much to shorts. It's still a good idea to restrain your greed though, especially if you're trading on margin as one quick wick down and back up can and will liquidate you. Take caution.

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We are already in the parabolic mode and the bull run has finally activated. I don't see Bitcoin gasping for breath until it reaches $60k, It may happen late this year or first quarter of next year before the halving. We are approaching the global adoption of digital currency

FitzgeraldZ

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My investigation demonstrates BITCOIN will outperform its past highs price by a huge edge in light of the fact that bitcoin users is increasing everyday . Bitcoin will have steady price , meaning when the coin is all the more broadly used by every communities , price should be always skyrocketed

For the most part its a smart thought to sell when every other person is bullish and purchase when every other person is selling.

Pamadar

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Quote from: boyptc on June 22, 2019, 05:12:58 PM

Quote from: boyptc on June 22, 2019, 05:12:58 PM

Violent turbulence right now... From +$11k to ~$10650 in few minutes.

Prolly whale cashed out and took profits because it's weekends.

$10500 now but its still a normal thing.

Its back to 10750$. It would have dropped a bit due to weekend and profit booking both happening simultaneously and resulting in some 500$ or more drop happening in the price and thus now some relief as market has rose back.

After this weekend when those traders and whales begins again to play there's always a good chance that it will bounce and hit $11k stay for some time
then breaks the next barrier, hard to tell if which level will be break but being optimistic its really exciting to wait when bitcoin breaks $15k it will be an interesting scene for investors to buy bringing the bull to a much stronger positions.

onrise

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Violent turbulence right now... From +$11k to ~$10650 in few minutes.

Prolly whale cashed out and took profits because it's weekends.

$10500 now but its still a normal thing.

Its back to 10750$. It would have dropped a bit due to weekend and profit booking both happening simultaneously and resulting in some 500$ or more drop happening in the price and thus now some relief as market has rose back.

hirngespenst

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So, Bitcoin hits 10K USD today, the next target seems 15K USD! But before then it can go under 10K USD again! Actually, I would love to see a gradually pumping in bitcoin price, not like the bubble!

boyptc

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Violent turbulence right now... From +$11k to ~$10650 in few minutes.

Prolly whale cashed out and took profits because it's weekends.

$10500 now but its still a normal thing.

noormcs5

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Quote from: Febo on June 22, 2019, 05:23:21 AM

Quote from: Febo on June 22, 2019, 05:23:21 AM

Bitcoin hits 10K, where next

I guess now 10k euros price and then just grind slowly further Tongue

Violent turbulence right now... From +$11k to ~$10650 in few minutes.
Volatility at its best - meanwhile still in +€9k Tongue

The bitcoin is moving very quick and there is too much volatility in it. I do not think it will sustain above 10 or 12K for long time. The more you do up quickly, the higher the chances of dump. From history, we know it is not possible for bitcoin to keep moving up and up without any correction.

snipie

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Bitcoin hits 10K, where next

I guess now 10k euros price and then just grind slowly further Tongue

Violent turbulence right now... From +$11k to ~$10650 in few minutes.
Volatility at its best - meanwhile still in +€9k Tongue

Febo

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Quote from: Wilhelm on June 21, 2019, 08:01:18 AM

Bitcoin hits 10K, where next

I guess now 10k euros price and then just grind slowly further Tongue

rdluffy

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We are almost there right now, it's so exciting to see BTC almost hitting 10k and good news are all over the cryptos
I'm expecting a dip any moment, but it's part of the game

Carreuh

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It could be that the price of Bitcoin reaches a price of $ 10k in the near future because now the change in the price of bitcoin is happening so fast that many possibilities of bitcoin will soar again like a few years ago, even reaching prices more or less like last 2017, and the popularity of Bitcoin back

udidrone

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Quote from: 1Referee on June 16, 2019, 09:42:53 AM

Quote from: UnDerDoG81 on June 16, 2019, 09:17:42 AM

Next 100k

That's my target too. We're past the stage where reaching $10,000 can be referred to as a target, which it was below $4000 but no longer is today.

Do you only work with powers of 10 or something? Tongue

Granted these are expected psychological levels but $100K seems too conservative to me. Remember $10K in 2017? Same idea but the market ran straight through it, barely even took a pit stop there.

Since $100K is only 5x above the previous ATH, I think we'll go further.

$100k sounds like wishful thinking yet 5x the last ATH isn't a crazy thing to mention.
Let's hope that this is true however $100k will need quite some FOMO

$100k for bitcoin, i think it is possible to happen but will have little chance or, well quite FOMO. Maybe if a lot of people who not know about bitcoin, educated with what actually happen in crypto, they will easily accept it. And it will affect on bitcoin price itself.

Wilhelm

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Quote from: 1Referee on June 16, 2019, 09:42:53 AM

Quote from: UnDerDoG81 on June 16, 2019, 09:17:42 AM

Next 100k

That's my target too. We're past the stage where reaching $10,000 can be referred to as a target, which it was below $4000 but no longer is today.

Do you only work with powers of 10 or something? Tongue

Granted these are expected psychological levels but $100K seems too conservative to me. Remember $10K in 2017? Same idea but the market ran straight through it, barely even took a pit stop there.

Since $100K is only 5x above the previous ATH, I think we'll go further.

$100k sounds like wishful thinking yet 5x the last ATH isn't a crazy thing to mention.
Let's hope that this is true however $100k will need quite some FOMO

el kaka22

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The next stage from here on out could be either 15k where it is a round number and everyone would be crazy when we hit it or
logically from now on the double of what it is right now which is about the all time high prices, I know it was different everywhere and what we consider the all time high changes, I have seen 24k at most some place and usually around 20k-21k range in many other places but we are at around 10k right now and we came here from all the way of 3k so it is not impossible to get another double right now all depending on what the buyers will do and what sellers will do, all we need is no interruption, if we get no interruption by some whale or corporation or some bad news and what not we are going to break the all time high again and reach above 25k for sure.

Ayiranorea

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Quote from: Febo on June 20, 2019, 03:44:03 PM

Quote from: Silberman on June 19, 2019, 05:39:55 PM

Quote from: Silberman on June 19, 2019, 05:39:55 PM

As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

It will below 20k, I do not see the market as enthusiastic as it was at the end of 2017, many are just waiting for bitcoin to reach their break even price to get out of the market and never come back, this will probably force the price to go down and it will be impossible to reach 20k, but the good news is that I do not expect the price to go as low as it did during this year.

When price will hit $20k then real party start and all the hype around it. People that wanted to sell they already sold. the ones that will sell now are just the ones that really need the money and of course those that bought long ago and are just improving their lifestyle.

The growth keeps on going at certain time interval without any form of disturbance, particularly from the whales there is no big manipulation. Over the months we can expect the price to reach $12000 at the earliest. By the time there isn't no big move from ethereum and other altcoins which were expected big with the growth happening with bitcoin. As mentioned, maybe $20000 will be the point for the start for altcoins to get pumped.

fabiorem

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Wheres next? Well, we need to reach 60% of previous ATH, which would be 12k, before we can have a real bull run, giving us the 100k target.

Bitcoin might be having a slow recovery, but it is consolidating the price and this is good.

tukagero

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Seems like there will be a major pump next pump due to some good news on the part of bitcoin. BITCOIN might go 15,000$ by next month. And that what altcoins is waiting bullish i bitcoin means altcoin season will also start.

Febo

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Quote from: Theb on June 17, 2019, 01:54:04 PM

As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

It will below 20k, I do not see the market as enthusiastic as it was at the end of 2017, many are just waiting for bitcoin to reach their break even price to get out of the market and never come back, this will probably force the price to go down and it will be impossible to reach 20k, but the good news is that I do not expect the price to go as low as it did during this year.

When price will hit $20k then real party start and all the hype around it. People that wanted to sell they already sold. the ones that will sell now are just the ones that really need the money and of course those that bought long ago and are just improving their lifestyle.

bitbunnny

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No matter that situation in the market looks good and the price is very close to 10000$ I wouldn't be so sure that this will happen exactly this month. Don't forget how easy corrections can happen and that we had many similar situations recently. 10000$ seems so close but it could be so far away.

Kemarit

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Right now BTC is only sitting around 9,270$ its next shortest resistance level is 9,350$ a breakout at this point can shoot BTC back up above aroun 9,800-9,850$. All I can say is that there is a big possibility that BTC reaching at this point before the month of June ends has a high possibility of doing so, there is no signs of it slowing down but the question here is what will happen next if BTC goes back up above in the 10,000$ level?

We all know that this if this psychological barriers have been breached, sooner or later it will break so I'm not surprised if speculators will do what they love to, that is to make profit out of the market. We have seen this during the $8000 uptrend, about a week or two again. Didn't hold, go down as well as $7400. But then it gain momentum, punch $9000. So I think the cycle will repeat if we breach that 5 digit barriers again. It's normal though, it is another reset and then we go and build another run in the next coming months.

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Quote from: entebah on June 19, 2019, 06:17:50 PM

I think Bitcoin will continue to increase if more and more Investors arrive, because prices are now able to open the eyes of Investors, and added to the good news from FB that makes a Coin Libra which will certainly give good news to Bitcoin.

Each and everything in the crypto ecosystem has been getting related to libra coin as it has made a big understanding among the common people what cryptocurrency is all about, further on there is nothing specific about the price reaching $10000. Possibly from technical analysis the market is predicted to go low to experience correction reaching low to $7400 or getting pumped reaching $1200.

entebah

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I think Bitcoin will continue to increase if more and more Investors arrive, because prices are now able to open the eyes of Investors, and added to the good news from FB that makes a Coin Libra which will certainly give good news to Bitcoin.

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As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

If the price is continuously growing I think the price will be more than to what the price 2 years ago. But of course we can avoid to think if this bull run will continue or still will slow to reach what we want price. Lets observe the market and grab the opportunity now to buy.

Silberman

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Quote from: hatshepsut93 on June 16, 2019, 06:27:48 PM

As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

It will below 20k, I do not see the market as enthusiastic as it was at the end of 2017, many are just waiting for bitcoin to reach their break even price to get out of the market and never come back, this will probably force the price to go down and it will be impossible to reach 20k, but the good news is that I do not expect the price to go as low as it did during this year.

Jating

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Bitcoin tends to grow in rapid spikes, and what is happening now is really not the one such spike, we are merely recovering from the recent correction, because we've already touched $9,000 recently. The next stop will be at something like $11,000-13,000, then the price will will correct again, and we'll go back and forth for a few weeks or maybe even months. It's hard to call the top of a bull run, but you can estimate the next closest price level.

It could just go ahead and surge past $10k if the current trends hold. I speculate that it can go as high as $13+++ before we can see another price correction.

So hold on tight, everybody is hype to see the price goes above $10k and more FOMO will set in again for the next pump. This is eerie similar to the 2013-2015 chart and we all know what happens next after that (2017 massive bull run). So let's see how it goes, no need to be scared though, just the ride the hype tran and see where it stops.

BitcoinHunt3r

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Quote from: Yutikas_11920 on June 17, 2019, 12:02:56 PM

Quote from: BitcoinHunt3r on June 17, 2019, 09:09:24 AM

Quote from: BitcoinHunt3r on June 17, 2019, 09:09:24 AM

As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

Maybe for this year, $15k still can be reached. Don't know what month, but in 6 months actually bitcoin price can increased and steady as long there are no something bad come with news or anything else like hacked news, etc.

Bitcoin price stability is not easy as you might imagine, bitcoin price movements will definitely be very fast and surely bitcoin will never be stable, so take advantage of bitcoin price movements and not easy to sell at cheap prices.

Well, speculation thread. Grin

Actually i have no any analysis about it. Just see bitcoin price that keep increased even slow but sure. That is what make me, and maybe a lot of people here really sure bitcoin price can be high in future.

Theb

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Right now BTC is only sitting around 9,270$ its next shortest resistance level is 9,350$ a breakout at this point can shoot BTC back up above aroun 9,800-9,850$. All I can say is that there is a big possibility that BTC reaching at this point before the month of June ends has a high possibility of doing so, there is no signs of it slowing down but the question here is what will happen next if BTC goes back up above in the 10,000$ level? Will the traders decide to have a break and do some profit taking at this point and expect it to correct? Or will the market decide to do some bigger push way above 10k?

Reid

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Sharp and scary. But not 10k yet.

I admire the numbers but never the speed of how far it went for just a little time.
Who doesnt love this kind of increase when you have bitcoin in your stash?
But not all want to withdrew. Some just want to keep it for the future. And I bet if they are looking now they might be scared too because history might happen again and it wont be good to the view of those who just started investing their money to bitcoin.

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As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

Maybe for this year, $15k still can be reached. Don't know what month, but in 6 months actually bitcoin price can increased and steady as long there are no something bad come with news or anything else like hacked news, etc.

Bitcoin price stability is not easy as you might imagine, bitcoin price movements will definitely be very fast and surely bitcoin will never be stable, so take advantage of bitcoin price movements and not easy to sell at cheap prices.

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Quote from: BitcoinHunt3r on June 17, 2019, 09:09:24 AM

As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

I dont think we will spike right to 20k like last time. I think starting the year where we did, I imagine some sharp profit taking will start to happen if we get to 11-12k and upwards. So maybe a little leveling out over the next six months could be what we see here. Just my 2 cents

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As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

Maybe for this year, $15k still can be reached. Don't know what month, but in 6 months actually bitcoin price can increased and steady as long there are no something bad come with news or anything else like hacked news, etc.

It is very possible.
As the market goes right now it seems that it can hit the target of 15k.
If it will start going the opposite way and see a blood market, then we will prolly change our minds.

BitcoinHunt3r

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As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

Maybe for this year, $15k still can be reached. Don't know what month, but in 6 months actually bitcoin price can increased and steady as long there are no something bad come with news or anything else like hacked news, etc.

samcrypto

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Quote from: jademaxsuy on June 17, 2019, 04:30:23 AM

As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

Next for bitcoin is to become stable again, and $10k is just a small price for now. We can go high, bitcoin is the top coin so we have more assurance for that but i don’t want to expect on short term its volatile and its risky. I hope bitcoin to go for $20k in the next two years, this is a good holding time for sure.

Pamadar

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30K USD would definitely be good but I do not think that whales will going to hold for that long and will definitely sell their bitcoin in just a matter of hours. This has been done already from the last bitcoin bull run on 2017 where the bitcoin market price has drop drastically taking only hours. I do hope that it will going to reach 30K USD if bull run will going to happen.

But whale also wanted to have a higher profits, once they've seen that the market flow is sustainable reaching the last time high and holders are
still willing to wait, they can pull it up and try to maximize higher level before dumping out their bagholds, this investment journey will be depend
from how each investors view point regarding to the possible outcome though whales can influence and interfere so better to watch them out.

omonuyak

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Quote from: 1Referee on June 17, 2019, 04:38:24 AM

Do you only work with powers of 10 or something? Tongue

You have to start somewhere, right? Cheesy

Granted these are expected psychological levels but $100K seems too conservative to me. Remember $10K in 2017? Same idea but the market ran straight through it, barely even took a pit stop there.

Since $100K is only 5x above the previous ATH, I think we'll go further.

The market in 2017 didn't have much economical mass, and we also had people rush to purchase Bitcoin so that they could be part of the initial ICO phase of projects.

As Bitcoin matures, there is much more capital needed to move this market by 100%, therefore I do expect that bull runs won't be as explosive as they used to be. Eventually I do believe that we'll blast past the $100,000 level, but I'm not sure if it's going to happen as fast as people think.

I'm not even sure what to do when we're at $100,000 after 2020. Probably hodl til $1,000,000? Cheesy

Bitcoin is seriously going up and I think we are going to have another push any moment from now based on the way things are going and that might create a new channel between $10,000 and $15,000 throughout the remaining days of this month.

1Referee

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Do you only work with powers of 10 or something? Tongue

You have to start somewhere, right? Cheesy

Quote from: BitHodler on June 16, 2019, 03:23:51 PM

Granted these are expected psychological levels but $100K seems too conservative to me. Remember $10K in 2017? Same idea but the market ran straight through it, barely even took a pit stop there.

Since $100K is only 5x above the previous ATH, I think we'll go further.

The market in 2017 didn't have much economical mass, and we also had people rush to purchase Bitcoin so that they could be part of the initial ICO phase of projects.

As Bitcoin matures, there is much more capital needed to move this market by 100%, therefore I do expect that bull runs won't be as explosive as they used to be. Eventually I do believe that we'll blast past the $100,000 level, but I'm not sure if it's going to happen as fast as people think.

I'm not even sure what to do when we're at $100,000 after 2020. Probably hodl til $1,000,000? Cheesy

jademaxsuy

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30K USD would definitely be good but I do not think that whales will going to hold for that long and will definitely sell their bitcoin in just a matter of hours. This has been done already from the last bitcoin bull run on 2017 where the bitcoin market price has drop drastically taking only hours. I do hope that it will going to reach 30K USD if bull run will going to happen.

exstasie

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Quote from: rdluffy on June 16, 2019, 10:24:21 AM

I don't think BTC can sustain 10k right now, there will be some corrections, and in a few days, for sure BTC will hit more than 10k

People also thought that the price wouldn't be able to sustain the $6000 mark but it did so effortlessly. It's safe to say that the bears don't stand a chance in this market despite people expecting a correction to happen.

If we think back, speculation about a severe correction started the moment we pumped over the $6000 mark and we kept pumping since then. People desperately hope that we correct because they want to buy lower.

We'll eventually have a brutal correction and give back lots of these gains, but not until most of these bears capitulate and buy back. Shorts just keep rising and a few days ago, everyone was talking about an H&S top.

Bears are currently clinging to hopes that we're double topping right now......unlikely!

adaseb

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Quote from: hatshepsut93 on June 16, 2019, 06:27:48 PM

Bitcoin tends to grow in rapid spikes, and what is happening now is really not the one such spike, we are merely recovering from the recent correction, because we've already touched $9,000 recently. The next stop will be at something like $11,000-13,000, then the price will will correct again, and we'll go back and forth for a few weeks or maybe even months. It's hard to call the top of a bull run, but you can estimate the next closest price level.

How do you know the next stop will be $11-$13K? Its very difficult to predict BTC cycles.

Many people assumed that $6000 would be strong resistance and went heavy short or sold all their BTC. And we sliced that area like butter pretty much.

Same can happen with $10K, people will assume its the top and short it heavily or sell and we might slice is straight thru. And like you said before, its hard to call the top, especially with BTC. Many assumed that $2K was the top, then $3K, then $5K, then $8K, then $10K, and they assumed $25K would be the top which never hit.

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As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K.

We will be crossing and hopefully we will crossed that soon, a continues increase now might help to reach that price.

Quote from: stfN2128 on June 16, 2019, 03:35:49 PM

What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

One $10,000 will be breached, I'm confident of a new high this year because there' plenty of time next half compared to the last time where it was only achieved in 3 months or less.

wildey

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I'm not 100% sure if bitcoin is already prepared for a new all-time high. i guess if we can hit the psychological mark of 10k and stay above, everything is possible on the moon mission. 50k in the first half of 2020 is possible in my opinion.

for now, I also think the same. I think the development of the price of bitcoin is unlimited. it's just that for this year, I might think that it's quite difficult for the price of bitcoin to break the price of $ 10000 but, I'm sure, in the coming July, the price of bitcoin can surpass that, and of course it will make a new impression on the crypto world.

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Bitcoin tends to grow in rapid spikes, and what is happening now is really not the one such spike, we are merely recovering from the recent correction, because we've already touched $9,000 recently. The next stop will be at something like $11,000-13,000, then the price will will correct again, and we'll go back and forth for a few weeks or maybe even months. It's hard to call the top of a bull run, but you can estimate the next closest price level.

ralle14

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OP is probably from the future and couldn't wait anymore that Bitcoin will hit $10,000 some time this month even though it's currently at $9,000. Tongue

Quote from: stfN2128 on June 16, 2019, 03:35:49 PM

I'm not 100% sure if bitcoin is already prepared for a new all-time high. i guess if we can hit the psychological mark of 10k and stay above, everything is possible on the moon mission. 50k in the first half of 2020 is possible in my opinion.

$50,000 during the first few months of 2020 could be possible but for now it's unlikely as the price could dip and stay below $10,000. I think we'll only break a new high or start seeing big changes after the third halving event.

leowonderful

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I feel like $10k won't be the exact point of resistance, rather it might be frontrun as we saw in April where the bulk of the actual major $6k resistance was near the middle $5000s and we sliced right through $6000 a few days later after that mess happened. Might actually be a few days until we break up and over $10k, funding on Bitmex is currently pretty high in favor of shorts and selling pressures have returned, driving us temporarily under $9000 yet again.

As for what happens after $10k, we're probably going to hit a number of resistances before getting close to the previous ATH. At the minimum, I feel we're going above the previous ATH and perhaps to $50k.

stfN2128

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I'm not 100% sure if bitcoin is already prepared for a new all-time high. i guess if we can hit the psychological mark of 10k and stay above, everything is possible on the moon mission. 50k in the first half of 2020 is possible in my opinion.

BitHodler

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Quote from: rdluffy on June 16, 2019, 10:24:21 AM

I don't think BTC can sustain 10k right now, there will be some corrections, and in a few days, for sure BTC will hit more than 10k

People also thought that the price wouldn't be able to sustain the $6000 mark but it did so effortlessly. It's safe to say that the bears don't stand a chance in this market despite people expecting a correction to happen.

If we think back, speculation about a severe correction started the moment we pumped over the $6000 mark and we kept pumping since then. People desperately hope that we correct because they want to buy lower.

It could very well be that the corrections have already happened but just not in the way people expected them to happen. Maybe that the bulls have no problems absorbing whatever sellers throw at them with how strong the demand is.

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Quote from: 1Referee on June 16, 2019, 09:42:53 AM

Quote from: UnDerDoG81 on June 16, 2019, 09:17:42 AM

Next 100k

That's my target too. We're past the stage where reaching $10,000 can be referred to as a target, which it was below $4000 but no longer is today.

Do you only work with powers of 10 or something? Tongue

Granted these are expected psychological levels but $100K seems too conservative to me. Remember $10K in 2017? Same idea but the market ran straight through it, barely even took a pit stop there.

Since $100K is only 5x above the previous ATH, I think we'll go further.

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Quote from: Yudhisthir on June 16, 2019, 02:48:57 AM

As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

Where did Bitcoin cross the 10k barrier? From what I see on coinmarketcap, it almost reached $9.3k and then moved down a bit. So it was not even close to $10k, and I don't think it will be in the next couple of days. Bitcoin is doing very well, but let's be realistic with our expectations. I think that it's very likely that Bitcoin will be $20k and above at some point in the next, say, 5 years, but hoping that it will reach the ATH this year is not realistic. And besides, why would we want that? If it reaches that price fast once again, what will stop the price from dropping and us from living in another year or two of the recovery period? I think that not have a bull run is better from the long-term perspective.

Caladonian

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For the price to increase, we just needs the cash flowing in, and that's excatly what's happening.
It probably is a whale movement trying to increase the price of coin at a rapid rate but people had been cautious from the last time and would jump out when they feel they had a good profit. So, this train might not go over $20K, not this time.

There's always chances out there that the last time high can be hit and be surpassed by another raging bull, though it's still far from that as $10k ain't been hit yet, but to sum it up being optimistic and open minded regarding to the current flow will bring you more interest to wait and hold on.

One step at a time, if breaking $10k will happen this month then another level to be break the following and so on.

rdluffy

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I don't think BTC can sustain 10k right now, there will be some corrections, and in a few days, for sure BTC will hit more than 10k

Febo

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Quote from: exstasie on June 16, 2019, 04:07:50 AM

As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

You are asking for ATH of this cycle? And you mention 20k? Dont you think that is very very very conservative?

thecodebear

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Quote from: thecodebear on June 16, 2019, 03:58:19 AM

Well it hasn't hit $10k yet, though I suppose it is possible this month. I certainly think it'll hit $10k in July at the latest. In the near term it'll probably go above $10k and then have a correction back to $9k. Longer term for this bull market, it'll probably go to the $100k range in the next 18 months or so.

I'm expecting shorter, faster, louder. Grin

This is a parabolic advance. It may not be entering the next bubble yet but we can't keep expecting to correct after every $1,000 move. The weekly is a huge bullish engulfing and the trend is curving vertical. The next logical obstacle is the ~$11,500 pivot from Q1 2018. $10K is too close. It'll get run over.

I'm not saying it's gonna correct immediately after $10k. I just meant it will break $10k before correcting (since we just had a correction). I think $11k is likely before a correction back into the $9000s.

1Referee

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Quote from: UnDerDoG81 on June 16, 2019, 09:17:42 AM

Next 100k

That's my target too. We're past the stage where reaching $10,000 can be referred to as a target, which it was below $4000 but no longer is today.

The current bull run brings me back to 2017 where each time I looked at the price it has gone up, which makes me even more happy that I closed my shorts between $6000-$7000. The trend has given us a signal where those who go against it will be rekkt brutally. I hope for our ultra bear Tone Vays and his hypewave friends that they have no open shorts anymore. Cheesy

I wonder how long it will take before the OTC market premiums have gone up to such degree that large investors start to slowly buy up spot. Good time to hodl.

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Quote from: adaseb on June 16, 2019, 02:18:39 AM

Your topic isn't correct, it never reached $10K at least yet. On some of the Bitmex futures it hit $9600 or so however the spot markets or the perp swaps the high was $9400 or so.

I think $10K will be a tough barrier, if we break-thru it then there will be many FOMO thinking since $10K broke that $20K is next. So we should quickly go to $12-$13K.

If $20K is broken then easily go to $25K or $30K. I highly doubt we will see $100K.

Seeing the price at preev ($9k) and this topic! Tho the price crashed badly..
The bitcoin price made a good jump but without a proper time for consolidation, I want to see a week of consolidation at +$10k then every ~$2k until we reach ATH at least to stay safe.
I believe we will see $100k but after the halving imo

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Quote from: noormcs5 on June 16, 2019, 06:57:17 AM

As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

Bitcoin did not touch 10K yet on any exchange. It might touch 10K in few days from now but i do not think it can sustain above 10K for long. Bitcoin has a strong resistance near 10K and it may be badly rejected as soon as we reach near 10K. But nothing is certain now. I will suggest to convert your bitcoins into usd near 9900$ and later buy back them cheap near 8800$.

And py taxes that are more expensive than what you won through this. At least here in Germany.

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Next 100k

btc_angela

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As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

Not too fast dude, we just broke the $9k barrier if that is what you meant. I'm not sure what the price will be, but if we are going to based everything on it's past history, the real bull run happens after the next bitcoin block halving, yes we are in a bull run, but if we are looking for like 2017 massive growth then we need to wait in 2020-2021.

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Quote from: thecodebear on June 16, 2019, 03:58:19 AM

As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

Bitcoin did not touch 10K yet on any exchange. It might touch 10K in few days from now but i do not think it can sustain above 10K for long. Bitcoin has a strong resistance near 10K and it may be badly rejected as soon as we reach near 10K. But nothing is certain now. I will suggest to convert your bitcoins into usd near 9900$ and later buy back them cheap near 8800$.

Cherylstar86

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Well it hasn't hit $10k yet, though I suppose it is possible this month. I certainly think it'll hit $10k in July at the latest. In the near term it'll probably go above $10k and then have a correction back to $9k. Longer term for this bull market, it'll probably go to the $100k range in the next 18 months or so.

The current bitcoin's value does reach $9k, a good sign to speculate its good outcome will consistently exceed. I think $10k will touch in the next month with our positivity and optimism. And hopefully its growth will continue to pump immensely profitable.

bitcoinisbest

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Quote from: thecodebear on June 16, 2019, 03:58:19 AM

As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

Today the momentum is backed and crossed 9k first and now at 9200$ . This is a good news as demand is rising continuously and might mark 10k in June itself . It being along wait to reach that 5 digit mark for the btc and will give a lot of hope for the holders as well.

exstasie

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Well it hasn't hit $10k yet, though I suppose it is possible this month. I certainly think it'll hit $10k in July at the latest. In the near term it'll probably go above $10k and then have a correction back to $9k. Longer term for this bull market, it'll probably go to the $100k range in the next 18 months or so.

I'm expecting shorter, faster, louder. Grin

This is a parabolic advance. It may not be entering the next bubble yet but we can't keep expecting to correct after every $1,000 move. The weekly is a huge bullish engulfing and the trend is curving vertical. The next logical obstacle is the ~$11,500 pivot from Q1 2018. $10K is too close. It'll get run over.

thecodebear

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Well it hasn't hit $10k yet, though I suppose it is possible this month. I certainly think it'll hit $10k in July at the latest. In the near term it'll probably go above $10k and then have a correction back to $9k. Longer term for this bull market, it'll probably go to the $100k range in the next 18 months or so.

Yudhisthir

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For the price to increase, we just needs the cash flowing in, and that's excatly what's happening.
It probably is a whale movement trying to increase the price of coin at a rapid rate but people had been cautious from the last time and would jump out when they feel they had a good profit. So, this train might not go over $20K, not this time.

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Quote from: adaseb on June 16, 2019, 02:18:39 AM

As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?

Your topic isn't correct, it never reached $10K at least yet. On some of the Bitmex futures it hit $9600 or so however the spot markets or the perp swaps the high was $9400 or so.

I think $10K will be a tough barrier, if we break-thru it then there will be many FOMO thinking since $10K broke that $20K is next. So we should quickly go to $12-$13K.

If $20K is broken then easily go to $25K or $30K. I highly doubt we will see $100K.

Of course, $100k has a long long way to go. We should be conservative in our expectations so as not to get disappointed. Even at $20k level, this value is still hard to achieve at the moment. But I think, gradual increase is better than drastic change in prices. The market is not scary if the increase is moderate. Sharp increases have the chance of going down tremendously.

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