Now that we touched $8,000, what's next? - page 8.

finaleshot2016

legendary

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Degen in the Space

This is another opportunity for us to buy bitcoin now because halving is near.

The probability of hitting $10,000 is very high and probable once the incentive for bitcoin halving has been granted. Bitcoin miners from China keep pushing through since 6.75 BTC is already a huge reward and more investors are trying to keep phase with Bitcoin now.

This is our chance to get a profit on bitcoin, let's invest now.

Quote from: Youghoor on January 07, 2020, 10:03:21 AM

Quote from: Questat on January 07, 2020, 06:04:49 AM

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

The usual things/routine, people making predictions of the next bull run and creating threads like this. This is not the first time the market value of price hit $8k and its not gonna be the last time there will be an increase in its value. You as an investor or a daily trader just need to know and understand the patterns at which the market value of bitcoin changes.

The OP might be true, they aren't creating predictions, most of the people knew that the rise of BTC price will place in 2020. I think it's not 8k$ only but bigger on that, let's hope for a better price for bitcoin this year.

russel123456

newbie

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I must sure that it will hit at 20K this year. You should hold it..🙋🙋

Pinkris128

sr. member

Activity: 812

Merit: 262

In my owm opinion, maybe bitcoin will just stay to $8000+ for a month just like what happened when it's priced reach to $7000. Maybe it will take a little longer for bitcoin to reach it's price to $10,000 again because there are still no any signs for bitcoin to make a sudden improvement. We just need to believe in bitcoin.

johnwest

hero member

Activity: 1106

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BabelFish - FISH Token Sale at Sovryn

Holding above 8000$ is harder than what we think. Especially when the Chinese New Year is near and it will be a dip again. My best bet would be staying above 7800$ which was a resistance previously. We may see a good support accumulating at 7600$ mark and need to stay above that in order to get slingshot in future.

Youghoor

sr. member

Activity: 1036

Merit: 275

Quote from: Questat on January 07, 2020, 06:04:49 AM

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

The usual things/routine, people making predictions of the next bull run and creating threads like this. This is not the first time the market value of price hit $8k and its not gonna be the last time there will be an increase in its value. You as an investor or a daily trader just need to know and understand the patterns at which the market value of bitcoin changes.

Cnut237

legendary

Activity: 1904

Merit: 1277

I think we can only really get some serious perspective by looking at long-term price charts on a log scale.

Linear is no good, it just reduces old price movements to an inconsequential smear. For Bitcoin on a linear scale, anything before early 2017 seems irrelevant... but it's really not. We need to see these earlier movements to get a fuller appreciation of how bitcoin price behaves.

On a log scale ('all time' on CMC, from 2013 to now), the cycle of bulls and bears resolves into a general upwards movement. I don't know about anyone else, but to me the historical pattern seems quite clear, and shows that $8k is not a huge deal. The upwards movement of recent days is of course encouraging, but in a wider context it means little. If in the short-term we drop to $5-6k or rise to $10k, it's not a big deal, the trend remains upwards.

Edraket31

hero member

Activity: 1190

Merit: 511

Quote from: Bonenx14 on January 07, 2020, 09:15:08 AM

Quote from: d3nz on January 07, 2020, 08:51:43 AM

The price could go much higher and maybe by the month of March the price could be at $15,000 it will be just depend on the whales and investor if they will not take the bait of FUDs since it is spreading like a fire once they created a fake nees on crypto community.

And we all know that a lot known person already predicted the price of bitcoin this year 2020 so we might expect an increase of market flow and hopefully it happens.

the potential for bitcoin price movements this year is quite a lot of good speculation, because most research talks that bitcoin can return to a bullish trend again after passing halving. plus the price of bitcoin has now gone up even though in a small percentage, I hope this year will benefit many people.

If we will notice usually every first month of every year the demand for Bitcoin is increasing rapidly, there's a lot of buyer during January as people are starting to accumulate again, but let's still keep closer what will be happen next in the coming days if it will continue to rise and stabilize or the whale are just playing the market again.

Dabs

legendary

Activity: 3416

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The Concierge of Crypto

What's next is to go up. Going back down a few hundreds wouldn't make much of a difference but probably give an opportunity for others to buy more of the dip. How much more up or down is anyone's guess.

Bonenx14

sr. member

Activity: 1033

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Quote from: d3nz on January 07, 2020, 08:51:43 AM

The price could go much higher and maybe by the month of March the price could be at $15,000 it will be just depend on the whales and investor if they will not take the bait of FUDs since it is spreading like a fire once they created a fake nees on crypto community.

And we all know that a lot known person already predicted the price of bitcoin this year 2020 so we might expect an increase of market flow and hopefully it happens.

the potential for bitcoin price movements this year is quite a lot of good speculation, because most research talks that bitcoin can return to a bullish trend again after passing halving. plus the price of bitcoin has now gone up even though in a small percentage, I hope this year will benefit many people.

HardFacts

member

Activity: 434

Merit: 29

The next Bitcoin price may very well be 6000.00 USD

It is amazing how people continue to believe these crazy predictions of Bitcoin price DOUBLING in a month or two. How many times will people here fall for the same so obviously wrong predictions ?

Fool me once, shame on you. Fool me twice, same on me 🙈🙈🙈🙈

There are some smart people here that I respect, even though they may disagree with me on where bitcoin price is going. But I have zero respect for the utterly stupid cult like believers that use nothing but the emotion of GREED to embrace anything that agrees with what they WANT to believe, and ignore reality. There are the type of fools that no one should ever listen to or take advice from.

Hard Facts

NeuroticFish

legendary

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Quote from: alisonwonder on January 07, 2020, 06:42:22 AM

Quote from: NeuroticFish on January 07, 2020, 06:18:13 AM

It has a good chance to defend the 8000... for now. But there's less than 3 weeks until the Chinese New Year, so I don't expect the euphoria last too long.

Are you sure Chinese New Year will have an effect? I think it will be the same as Christmas. there is no significant effect. but if this time continues to break above 10k it does not mean the influence of the Chinese new year, maybe the effect before halving will have a FOMO.

I am not sure of what the future holds, obviously.
But from what I remember from other years the periods before Chinese New Year and US tax day are not great for Bitcoin price, so .. those are my expectations.

d3nz

sr. member

Activity: 1372

Merit: 264

The price could go much higher and maybe by the month of March the price could be at $15,000 it will be just depend on the whales and investor if they will not take the bait of FUDs since it is spreading like a fire once they created a fake nees on crypto community.

And we all know that a lot known person already predicted the price of bitcoin this year 2020 so we might expect an increase of market flow and hopefully it happens.

Fatunad

sr. member

Activity: 2226

Merit: 347

I think this is the beginning of the bull run that we are all waiting for. It may look like a slow rise of btc but this is gonna keep on increasing over the time until the end of halving or next year. There is a huge possibility that btc will hit another all time high again this year.

goldade

full member

Activity: 896

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The Standard Protocol - Solving Inflation

What's next is that we wait and hope it doesn't fall back below that. No one can predict what will happen to the market value of bitcoin. It rises and fall.
I'd have said we believe it wouldn't fall but then there was a bullish rise in the price of bitcoin towards the end of 2017. Bitcoin rose to more than $15,000 and so many speculations came out saying bitcoin is going to remain that way, rising steadily. However, early 2018, there was a sharp decline in the price and it's just about going up. Hopefully, it will.

LogitechMouse

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Quote from: Questat on January 07, 2020, 06:04:49 AM

What do you guys think that will happen next? is this the bull run we are long waiting?

The recent movement of Bitcoin is an show that it is in a bullish run right now although I don't want to expect too much on it because anything can happen on it.

What I want to see right now is staying about the $8k mark at the end of the week so that we can confirm that we are in a bull run already. Pulse momentum of it is turning from downside to upside already and the resistance which is around $7760 has been broken and it also broke the trend line. A good sign but just always ready.

Lucius

legendary

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Blackjack.fun-Free Raffle-Join&Win $50🎲

At last something's happening, but it is possible that it was just a bull trap - Bitstamp is showing $7800 currently. A long period without significant price increases causes some to take the opportunity to profit (buyers who buy under $ 7000), and yet, on the other hand, some may think that the bull run has started and will start buying. I think it's just a matter of whether the whole thing weighs on the bear side or the bull side.

Personally, I think it's too early for any pre-halving effect, and that nothing important will happen before March or April, but the cryptocurrency market is one of the most unpredictable. The price is still good for investment, and I will point out once again that everything under $10 000 is actually cheap, of course, if you share the belief that Bitcoin is still far from reaching its full potential.

angrybirdy

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★Bitvest.io★ Play Plinko or Invest!

It is hard to tell what will happen next since the market is really hard to predict. The only thing we could do is to wait and let us hope that what is currently happening will continue, but we should not expect too much. The possibility that the price might drop its price again is still high.

Linkkoin

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Online Cryptocurrency Exchange

Quote from: Kasabus on January 07, 2020, 08:11:13 AM

t I just have to be happy because once again the entire marketcap is back at over $200 billion.

This is really good information, as the bigger the market cap and trading volume, the harder it is for whales fully control the market.

Kasabus

hero member

Activity: 2814

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That's a good news for all of us who are waiting for bitcoin to be bullish back again.

However, we can't be sure if it will continue to rise as it could fall back again like what happen in the past, this isn't new to us, the price is so unstable and we can't be too confident that we are going to the market that we are hoping.. honestly, I have a mix feeling now, quite hesitant due to the past price movement I witnessed but I just have to be happy because once again the entire marketcap is back at over $200 billion.

veleten

legendary

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Quote from: Questat on January 07, 2020, 06:04:49 AM

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

we just touched it , but the resistance at 7800$ seems to be strong enough to not let it break through > 8k for now
it is pointless to predict bitcoin price , but everyone is waiting for a miracle run to happen , forget about the six figures
five figures would be awesome , especially if you take the coming halving into account
this year should see bitcoin get in the 10k area and , hopefully grow from there
for now we should be happy if it stays in the 6.000-8.000 corridor , gives plenty of opportunities to buy and a good profit for the traders

Topic: Now that we touched $8,000, what's next? - page 8. (Read 1800 times)