When we will see $12k Bitcoin once again? - page 5.

bitbunnny

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Quote from: okala on August 06, 2020, 12:37:32 PM

I think $12,000 is not the issue but we are now seeing the next target at $14,000. The trending is more of a surprise move than we thought. I believed bitcoin may test $20,000 before October this year. The infect of covid19 on the world economic has died down and we should expert better market conditions from now on.

This is very optimistic ptediction, 20000$ before October. Although 12000$ looks only a step away we have to have in mind that situation in the market might change quickly. Yes, Bitcoin price will probably cross 12000$ but the question is if it will stay there and if the price will continue to grow. Anyway, I don't expect for price to go all the way to 20000$.

okala

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I think $12,000 is not the issue but we are now seeing the next target at $14,000. The trending is more of a surprise move than we thought. I believed bitcoin may test $20,000 before October this year. The infect of covid19 on the world economic has died down and we should expert better market conditions from now on.

whyrqa

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The fact is that today almost all countries are experiencing problems with the economy. By observing the panic in all markets, as well as the depreciation of the dollar, then many investors and large companies have a serious desire to preserve their capital. This is what I believe is at the core of today's rise in Bitcoin and gold prices. The fact is that even the gold metal for a rather long period first reached the price of $ 2,000 per ounce. The situation is the same with bitcoin, and therefore I am confident that the price of Bitcoin will continue to rise even above 12k.

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Quote from: AjithBtc on August 05, 2020, 08:34:42 PM

Quote from: carlfebz2 on August 05, 2020, 04:51:18 PM

Quote from: ?? on ??

Quote from: smyslov on August 05, 2020, 11:54:21 AM

Quote from: maydna on August 05, 2020, 01:46:16 AM

Quote from: pilosopotasyo on July 29, 2020, 10:48:43 AM

I hope it will not happen again, we have seen the worst of it last March, when the news pandemic come out but since recover there should one bad news for Bitcoin to crash again not because weak hands choose to sell, even weak hands has reasons to sell their Bitcoin, they don's sell because they want to sell they also wants to make profit.

I think we don't need one bad news to see bitcoin to crash again because bitcoin can get drop without news, and we already saw that happens. I hope that the next downtrend of bitcoin will not make the price is down too deep and not occurs too long, so the price can back to the higher price and break another highest price. Perhaps, we will see the price can be able to break the highest price soon this month or next month, so we need to prepare that thing before it's too late.

The pandemic is the one bad news that almost crash the market to it's lowest level but eventually recover because of the community supports from big players and I can't think of any bad news that can bring the price of Bitcoin to it's lowest, we are hoping that even in our condition we can still reach another all time high and eventually move to a long bull run, that we are all dreaming to happen.

Due to the pandemic there isn't much of cryptomarket crash. The stocks and other forms of investments have declined drastically. The market of bitcoin at the moment is fluctuating, but it has gained resistance to be above $10000. Big expectation is found on price reaching new ath.

We dont actually know on whats the reason behind on how it did able to sustain in spite of the pandemic situation.Lots of markets had taken down and crypto market did able to withstand such situation
on where it didnt really dump that hard unlike any other market that we've known.

In talks of current price and mentioning 12k then we are almost hitting it yet its currently 11670 and a few dollars left then we will able to reach it up which we do know that this is the highest high price
for this year.

but pretty sure that there would be bounceback if we do able to hit that 12k resistance but we dont know for sure.

The growth of cryptomarket during the ongoing pandemic is really a big thing, as rest of the markets were facing downfall. The resistance break took place at $10000, further it happened with $11000 and now looking for the next barrier. For sure the market will bounce back, and the year seems to be good and continue to reach high considering the ongoing growth pattern.

What current movement is happening right now is great reflection of the the peoples trust on the halving effect or some certain hypes coming after this incident and I believe if there's no pandemic when halving occur the price would soar high and it will surpass the last 2017 ATH, but since there's a pandemic maybe we can see a slow growth and breaking at $12K on the past day is a great sign and we need to see another close action so that we can get the trust of major staker to hold and buy more bitcoins for another pump ups.

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Quote from: cryptomaniac_xxx on August 05, 2020, 03:58:17 AM

Quote from: maydna on August 05, 2020, 01:46:16 AM

~snip~

I noticed that the market seems to be maturing as we go a long. I mean if there is one negative news today, it won't simply affect the market in a drastic way not like before. And usually if this downtrend happens, bitcoin already proves its resiliency isn't it? -30% and then followed by a massive spike to negate those downtrends. We are going to enter in the last quarter of this year, and there is a huge chance that we can end up in a more positive outcome, maybe 14$k-15$k range.

In these last quarter of this year, we see the price can stay strong than before, and that can make bitcoin stable to increase more. And yes, the market will not drop if there is one negative news today, but sometimes, that happens, and that makes people panic in a moment. We will see the price will go up to $15k, and I am sure that sooner or later, the bitcoin price will be back to $20k, and at that time, bitcoin price will have more chance to touch the new ATH.

Quote from: babygun on August 05, 2020, 04:07:00 AM

Quote from: maydna on August 05, 2020, 01:46:16 AM

~snip~

Why would the price not crash again ? What is fundamentally different than in december 2017 when we saw a huge pump (and than dump) ? It took a long time before BTC price was able to break again the 10 000$ mark.
Maybe that the price can continue to rise, but at a certain moment, we will see another crash (at least that is what I expect).

The price will always down and up, and we know that happens many times. I don't know what the real reason for what happens in December 2017 because I never overthink about that is. I only want to enjoy the price at the highest price that I ever saw. I only say to myself, when the price can break $10k, then there will be more opportunities for bitcoin to break another highest price, although I don't know when it will happen. We need to be ready for the next crash because we don't know how much the price will go down, so having another plan will be needed.

Quote from: smyslov on August 05, 2020, 11:54:21 AM

Quote from: maydna on August 05, 2020, 01:46:16 AM

~snip~

The pandemic is the one bad news that almost crash the market to it's lowest level but eventually recover because of the community supports from big players and I can't think of any bad news that can bring the price of Bitcoin to it's lowest, we are hoping that even in our condition we can still reach another all time high and eventually move to a long bull run, that we are all dreaming to happen.

We will see that will happen because the market is already recovering, and it will fully recover when the bull run comes. We can hope that the bull run will come not too long than today, so we can back to make a big profit again.

Free1bitco.in

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The current price is so close to $ 12k. Moreover, some speculations such as the Cointelegraph also argue that an impending price hike has the potential to make bitcoin price reach $ 12k. however, I really hope that this month, the price of bitcoin reaches $ 12k.

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Quote from: carlfebz2 on August 05, 2020, 04:51:18 PM

Quote from: ?? on ??

Quote from: smyslov on August 05, 2020, 11:54:21 AM

Quote from: maydna on August 05, 2020, 01:46:16 AM

Quote from: pilosopotasyo on July 29, 2020, 10:48:43 AM

I hope it will not happen again, we have seen the worst of it last March, when the news pandemic come out but since recover there should one bad news for Bitcoin to crash again not because weak hands choose to sell, even weak hands has reasons to sell their Bitcoin, they don's sell because they want to sell they also wants to make profit.

I think we don't need one bad news to see bitcoin to crash again because bitcoin can get drop without news, and we already saw that happens. I hope that the next downtrend of bitcoin will not make the price is down too deep and not occurs too long, so the price can back to the higher price and break another highest price. Perhaps, we will see the price can be able to break the highest price soon this month or next month, so we need to prepare that thing before it's too late.

The pandemic is the one bad news that almost crash the market to it's lowest level but eventually recover because of the community supports from big players and I can't think of any bad news that can bring the price of Bitcoin to it's lowest, we are hoping that even in our condition we can still reach another all time high and eventually move to a long bull run, that we are all dreaming to happen.

Due to the pandemic there isn't much of cryptomarket crash. The stocks and other forms of investments have declined drastically. The market of bitcoin at the moment is fluctuating, but it has gained resistance to be above $10000. Big expectation is found on price reaching new ath.

We dont actually know on whats the reason behind on how it did able to sustain in spite of the pandemic situation.Lots of markets had taken down and crypto market did able to withstand such situation
on where it didnt really dump that hard unlike any other market that we've known.

In talks of current price and mentioning 12k then we are almost hitting it yet its currently 11670 and a few dollars left then we will able to reach it up which we do know that this is the highest high price
for this year.

but pretty sure that there would be bounceback if we do able to hit that 12k resistance but we dont know for sure.

The growth of cryptomarket during the ongoing pandemic is really a big thing, as rest of the markets were facing downfall. The resistance break took place at $10000, further it happened with $11000 and now looking for the next barrier. For sure the market will bounce back, and the year seems to be good and continue to reach high considering the ongoing growth pattern.

carlfebz2

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Quote from: ?? on ??

Quote from: smyslov on August 05, 2020, 11:54:21 AM

Quote from: maydna on August 05, 2020, 01:46:16 AM

Quote from: pilosopotasyo on July 29, 2020, 10:48:43 AM

I hope it will not happen again, we have seen the worst of it last March, when the news pandemic come out but since recover there should one bad news for Bitcoin to crash again not because weak hands choose to sell, even weak hands has reasons to sell their Bitcoin, they don's sell because they want to sell they also wants to make profit.

I think we don't need one bad news to see bitcoin to crash again because bitcoin can get drop without news, and we already saw that happens. I hope that the next downtrend of bitcoin will not make the price is down too deep and not occurs too long, so the price can back to the higher price and break another highest price. Perhaps, we will see the price can be able to break the highest price soon this month or next month, so we need to prepare that thing before it's too late.

The pandemic is the one bad news that almost crash the market to it's lowest level but eventually recover because of the community supports from big players and I can't think of any bad news that can bring the price of Bitcoin to it's lowest, we are hoping that even in our condition we can still reach another all time high and eventually move to a long bull run, that we are all dreaming to happen.

Due to the pandemic there isn't much of cryptomarket crash. The stocks and other forms of investments have declined drastically. The market of bitcoin at the moment is fluctuating, but it has gained resistance to be above $10000. Big expectation is found on price reaching new ath.

We dont actually know on whats the reason behind on how it did able to sustain in spite of the pandemic situation.Lots of markets had taken down and crypto market did able to withstand such situation
on where it didnt really dump that hard unlike any other market that we've known.

In talks of current price and mentioning 12k then we are almost hitting it yet its currently 11670 and a few dollars left then we will able to reach it up which we do know that this is the highest high price
for this year.

but pretty sure that there would be bounceback if we do able to hit that 12k resistance but we dont know for sure.

smyslov

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Quote from: maydna on August 05, 2020, 01:46:16 AM

Quote from: pilosopotasyo on July 29, 2020, 10:48:43 AM

I hope it will not happen again, we have seen the worst of it last March, when the news pandemic come out but since recover there should one bad news for Bitcoin to crash again not because weak hands choose to sell, even weak hands has reasons to sell their Bitcoin, they don's sell because they want to sell they also wants to make profit.

I think we don't need one bad news to see bitcoin to crash again because bitcoin can get drop without news, and we already saw that happens. I hope that the next downtrend of bitcoin will not make the price is down too deep and not occurs too long, so the price can back to the higher price and break another highest price. Perhaps, we will see the price can be able to break the highest price soon this month or next month, so we need to prepare that thing before it's too late.

The pandemic is the one bad news that almost crash the market to it's lowest level but eventually recover because of the community supports from big players and I can't think of any bad news that can bring the price of Bitcoin to it's lowest, we are hoping that even in our condition we can still reach another all time high and eventually move to a long bull run, that we are all dreaming to happen.

fullhdpixel

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Well, it is moving from its bottom and recovering once again closer to $11.6k levels, that could mean that people are once again bullish on bitcoin or if that is not it I don't know why it is going up. In the end there is a bit of hope inside of bitcoin and it could definitely go above $12k and stay there. It did peaked above $12k for a while but that short couple hour thing is not enough we do need it to be at least over a week of $12k+ so that we could be actually taken advantage of that situation.

Hopefully in a month or so, or before 2020 ends up we could see that happening, a full on week of $12k+ would be really great for my personal profit actually and I am sure it would be for a lot of people as well, I would probably exit there and get in lower if it falls.

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Quote from: maydna on August 05, 2020, 01:46:16 AM

Quote from: pilosopotasyo on July 29, 2020, 10:48:43 AM

I hope it will not happen again, we have seen the worst of it last March, when the news pandemic come out but since recover there should one bad news for Bitcoin to crash again not because weak hands choose to sell, even weak hands has reasons to sell their Bitcoin, they don's sell because they want to sell they also wants to make profit.

I think we don't need one bad news to see bitcoin to crash again because bitcoin can get drop without news, and we already saw that happens. I hope that the next downtrend of bitcoin will not make the price is down too deep and not occurs too long, so the price can back to the higher price and break another highest price. Perhaps, we will see the price can be able to break the highest price soon this month or next month, so we need to prepare that thing before it's too late.

Why would the price not crash again ? What is fundamentally different than in december 2017 when we saw a huge pump (and than dump) ? It took a long time before BTC price was able to break again the 10 000$ mark.
Maybe that the price can continue to rise, but at a certain moment, we will see another crash (at least that is what I expect).

cryptomaniac_xxx

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Quote from: maydna on August 05, 2020, 01:46:16 AM

Quote from: pilosopotasyo on July 29, 2020, 10:48:43 AM

I hope it will not happen again, we have seen the worst of it last March, when the news pandemic come out but since recover there should one bad news for Bitcoin to crash again not because weak hands choose to sell, even weak hands has reasons to sell their Bitcoin, they don's sell because they want to sell they also wants to make profit.

I think we don't need one bad news to see bitcoin to crash again because bitcoin can get drop without news, and we already saw that happens. I hope that the next downtrend of bitcoin will not make the price is down too deep and not occurs too long, so the price can back to the higher price and break another highest price. Perhaps, we will see the price can be able to break the highest price soon this month or next month, so we need to prepare that thing before it's too late.

I noticed that the market seems to be maturing as we go a long. I mean if there is one negative news today, it won't simply affect the market in a drastic way not like before. And usually if this downtrend happens, bitcoin already proves its resiliency isn't it? -30% and then followed by a massive spike to negate those downtrends. We are going to enter in the last quarter of this year, and there is a huge chance that we can end up in a more positive outcome, maybe 14$k-15$k range.

maydna

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Quote from: pilosopotasyo on July 29, 2020, 10:48:43 AM

I hope it will not happen again, we have seen the worst of it last March, when the news pandemic come out but since recover there should one bad news for Bitcoin to crash again not because weak hands choose to sell, even weak hands has reasons to sell their Bitcoin, they don's sell because they want to sell they also wants to make profit.

I think we don't need one bad news to see bitcoin to crash again because bitcoin can get drop without news, and we already saw that happens. I hope that the next downtrend of bitcoin will not make the price is down too deep and not occurs too long, so the price can back to the higher price and break another highest price. Perhaps, we will see the price can be able to break the highest price soon this month or next month, so we need to prepare that thing before it's too late.

STT

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Congrats on 12k again, we're pull back after that peak as it seemed significant to more then a few. I see price is below 2 day and weekly averages, its reasonable to wonder if it can retract back to 10500 and challenge this support level. Naturally some of the rise in BTC price previously was containing speculators, some on leverage and so now sellers.

These are only short term measures as we've gone sideways for a week in sum total, its natural for us to be close to neutral to negative by this measure. As we lapse momentum into something less excited some shorting and natural sales may occur such is the distributive effects of BTC markets. We are not yet within a regular bull trend imo and I also want to consider pricing on weekly bars to include last years peak pricing and prior pricing at this level for contrast.

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Quote from: leea-1334 on July 29, 2020, 10:06:52 AM

You think so? Weak hands might be out but now we are seeing more and more fomo so you can guarantee there are more new entries now, so if Bitcoin drops for a while to 8k or even 7k,,, which is very possible, these weak hands are the ones letting go first right? So we might end up with yet more price drops this year once the dominos fall.

I hope it will not happen again, we have seen the worst of it last March, when the news pandemic come out but since recover there should one bad news for Bitcoin to crash again not because weak hands choose to sell, even weak hands has reasons to sell their Bitcoin, they don's sell because they want to sell they also wants to make profit.

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Quote from: ene1980 on July 28, 2020, 08:58:46 AM

Quote from: DeathAngel on July 28, 2020, 08:37:15 AM

Weak hands are out of the game, a massive % of coins haven’t moved for over a year (I think 62%).
The halving cut the supply of new coins in half, supply is down. We’re moving in the right direction, $15,000 is possible this year imo.

That was a sudden shake up of weak hands after holding the market for months Cheesy

. What ever it may be it is really pleasing to see the market breaking the resistance and moving higher and hopefully we will end the year around $15000 if everything goes well and it was a few months of hurdle trying to break the resistance and finally we are moving towards $11000.

You think so? Weak hands might be out but now we are seeing more and more fomo so you can guarantee there are more new entries now, so if Bitcoin drops for a while to 8k or even 7k,,, which is very possible, these weak hands are the ones letting go first right? So we might end up with yet more price drops this year once the dominos fall.

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Quote from: Janation on July 29, 2020, 07:14:02 AM

The price just burst out of $10K and it continued to increase right now at $11K.

It's happening and it's continuing to grow and gaining strong support.

Quote from: Janation on July 29, 2020, 07:14:02 AM

This might go back and forth for some time and it might be the late effect of the halving and might be the incoming investors in India.

Good to see that it's still holding and moving forward to rise up, new investment really a good reason for the pumped.

Quote from: Janation on July 29, 2020, 07:14:02 AM

The pandemic is still here but the price are now increasing, we can say that it is not directly affected by the pandemic.

Chance that diverted money are flowing coming from another venue of investment that's why it's really making good run right now.

Quote from: Janation on July 29, 2020, 07:14:02 AM

I guess we can say that this might be the start of the new ATH.

Hope is there that it will be the best time to hold and wait for that new ATH being achieved.

Janation

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The price just burst out of $10K and it continued to increase right now at $11K.

This might go back and forth for some time and it might be the late effect of the halving and might be the incoming investors in India. The pandemic is still here but the price are now increasing, we can say that it is not directly affected by the pandemic. I guess we can say thay this might be the start of the new ATH.

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Quote from: buwaytress on July 28, 2020, 05:51:31 AM

Regards to investments, I do believe that people will actually see Bitcoin (as a new alternative alongside gold) as a viable store of value, to protect against hyperinflation etc. but this is for the middle/upper class who will look to move their savings out into these assets, especially now in the EU as interest rates drop to zero or negative. So you're right, they will be investing in blood, but they'll still be focusing on cut-rate assets now like real estate. I personally think the wealthy (and institutionals) already got Bitcoin exposure in 2016 or earlier... while those who went in at 2017 largely cut their losses in 2018/19. So whether or not they are tempted to get in again now, if that happens, then yes there'll be momentum from them.

But for the middle/lower class, where they will be already eating into their savings now, as most people I know are, they will not be investing and yes, Bitcoin is still considerably riskier. That sheer strength in number will be lacking in any serious push for a new BTC ATH.

It has always been so and it will be that those who have more will look for a way to increase their property or protect it through some investment, and those who do not have even the basics for life can come into contact with fragments of BTC only through faucet or PTC sites. Now it all comes down to questions about whether it will be possible to create a new FOMO (similar to the one from 2017), or the middle/lower class will not participate this time because they have even less money than 2017 - or they learned something in the last big bull run. For those who just want to make a short-term profit, the key is the moment of entry and exit.

Quote from: DeathAngel on July 28, 2020, 08:37:15 AM

The halving cut the supply of new coins in half, supply is down. We’re moving in the right direction, $15,000 is possible this year imo.

It was also some of my thinking for a possible price at the end of this year, but solely based on the 2016 halving and the fact that the price doubled after that by the end of the year. As things stand now, someone seems to have bought or is still buying BTC and keeps the price around $11k - and there really seem to be fewer and fewer weak hands.

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Update!

In uptrend on daily
after the breakout that happened yesterday and after 2 months of fluctuations between 10400-8600 .
Waiting for weekly close above 10380 -10500 to prove this breakout , and turn to an uptrend in mid term to target 16700-17300 .
resistance levels
11300
11770
12330
14000-14600
Bitcoin needs another daily close above 10900 resistance of long term downtrend line (semi log trend line)
Support levels
10900
10500-10380

Topic: When we will see $12k Bitcoin once again? - page 5. (Read 1364 times)