Topic: Will Bitcoin Get into the $8600 Zone? (Read 585 times)

You got your prediction right, bitcoin was not able to mantain its price and now it has crashed to a price below 7500, however I'm not really sure that 7000 is going to be the bottom of the current correction bitcoin is suffering, most likely the price will go down even more, it seems that there are many investors which are expecting for the market to recover because we are close to the halving but I think it will take more than that to save bitcoin from losing even more value.

I don't think this is the time that investors will actually play a low key in investment this time, because this last quarter of the year is when we usually expect some increase in the market based ion history, it is based on history that we know that the market is usually doing very great towards the last quarter of the year which we have already approached, and I think that the market dipping that we saw recently is just gathering momentum for the value that is coming in the future.

There is still long two months waiting ahead of us for the month to actually end, anything could actually turn around and we will see the market of both bitcoin and altcoin coming alive so greatly to become a matter of interest to lots of investors again. So I still strongly believe in this last quarter.

Yes it will be to get out of this zone but it will take some time say in mid of november when prices can cross $9000 as we behind $8.5k and prices today are $8.2k but bitcoin has the potential to rise fastly and in the Q4 of every year we have seen some positive growth in the charts so hope for its betterment soon.

I don't think that we can break into the $9k levels this month. You just have to look at the trading volumes, there's not much movement and we are in the zone wherein the price tends to go on another sideway pattern, support levels are not that strong.


Whales do manipulate if they know that there's some big news coming, so they pump it prior that's why they make so much money about it. On the other hand, we haven't heard any positive news, last time, the Bakkt launched was supposed to be the next catalyst, but the price went on the opposite side.

I still think this month is a good timing to go back to over 9 thousand dollars, after all everyone is expecting bitcoin to stay around these levels or go down right now, nobody expects bitcoin to be 9 thousand tomorrow right? How many people are ready for something like that?

So, if whales decide to manipulate the market and make the price go up, they will be the few who made a profit from this and that is why I think they are working on it. Yeah, it may take some time to collaborate together again for the price manipulation but if they manage to I think the next 10 days is very crucial for them. If the price goes up in November or December that would be expected because price has been low for a while now and eventually going up is expected but if it goes up in the next 10 days that would be unexpected.

nobody knows about this. if we look at a few months ago, the price of bitcoin always shows the same thing, like the price starts to fall at the end of the month, and rises at the beginning of the month. if the price of bitcoin stays above $ 8500 at the end of this month, there is a high probability that the price of bitcoin in the next year could touch the price of $ 9,000. this is my prediction.

Yes bitcoin is back up and many are waiting for bitcoin to go down to $ 7,700. It's impossible I said the lowest bitcoin is $ 8,000, but I also hope that in November bitcoin can reach $ 9,000 that's my initial target.

Nope, bitcoin going otherwise, get back anove $8200.
It won't fall to $7200 anytime this month, even drop to $7700 seems doubtful at this point.
Probably bitcoin will start to slowly climb up to reach $9000 next month.

But we are witnessing this minor drop and increase from last few weeks wherein it's neither going below $7,500 nor going beyondand $8,500. I am slightly clueless how things will be in upcoming quarter but yes the price will increase but not sure when. Investors will be playing a key role this time as they can either go for bitcoin or Ethereum as they might not choose to invest in ICO like they did last year.

Bitcoin price drop now at $7900 so i think its gonna be drop around $7200 before the end of this month.
And many investor that will gonna buy for it because they are waiting that bitcoin price will drop.

Unfortunately, bitcoin can't hold its position above $8500 for a while and hovering around $8200-$8300.
Right now bitcoin still maintains $7900 as the bottom line for a few days, pretty strong at this point.
personally, I believe bitcoin will drop to $7500 and if the market still bearish, $7000 should be the lowest level before it rises up to $8K again.

We have a challenge occuring to the trend and 8 day average, turns out week open is quite positive for BTC



If it can confirm above  the declining trend on 4hr bars and perhaps stay above $8200 for Asia trading then we might get $8600 or higher; though both monthly and 200 day average are remaining as hurdles in this area as a cap to any further aspirations.

These last 3 days some whales moving some Bitcoins to Exchanges like Binance, Bitfinex, in fact there have been many alerts through @whale_alert, I think they are taking a position to do their already planned strategies. In fact in this article: Whales trade big despite stagnant Bitcoin market, decrypt.co you can see that it has attracted the attention of many, it is possible that the market is now taking a good turn, there is an area of ​​opportunity that as of today is beginning to change, the price has increased, $ 8600 It is seen as an area of ​​opportunity where bulls can defend positions.

The fact that it is located at $ 8600 is beneficial, because the offer at those levels would be being tested, which is good, it is very possible that you can quickly jump to $ 9k if the road is without much offer, I think the possibility is open , in that price range we could think of a possible bullish rally, to see how such bears react, it can give the opportunity to create possible liquidity zones to resist any bearish attack.

Although it seems to me to make a prediction at the moment seems irresponsible to me, I think that many are thinking of a bearish market and something that this type of market has taught me is that the opposite is happent what the mass thinks, that's why I think that There may be a very good bullish rebound, but it is my way of seeing the Bitcoin market.

technically i am agree with your.based on chart i am still see bitcoin price still has possibility to going down again.the worst scenario bitcoin could hit on around $5700.but one again , it just our own prediction that could be wrong or true.just be dinamic while we see movement , even that extreme movement or only usuall movement.we need to prepare our money in order to catch best opportunity when it crashing again.

reality like that. but people are so enthusiastic about saying that the price of bitcoin will repeat itself like 2017, or even touch the new ATH. The market may be dumping in November, but I am pretty sure that the price of bitcoin will again rise even past the $ 8600 level this year.

Well, there is no strong information about it, I can only rely on halving that will happen. it is also the core of people's thinking that the price of bitcoin will increase.

It's indeed very likely that we will see the same scenario unfold, but with less damage this time considering the fact that we have not had an extremely parabolic bull run similar to 2013 and 2017 so there is less to shake off.

Obviously, that's just an opinion of mine and we can still head for much lower levels.... markets don't always have to repeat the past, no matter how much fundamental growth they have gone through throughout the last couple of years.

The ETF would only be relevant if its speculating or holding an asset in this market not vice versa, it was never going to be a main feature just some believed it was indicative of broader market interest and accessibility.    Big companies can in any case hold BTC and even on my personal pension I can arrange some holding of BTC if I wanted however I choose to do it personally which obviously is an option for all.
   Theres many paths the public can be involved with BTC and the ETF I dont think is that relevant.   If the ETF was restricted to high worth sophisticated individuals then it'd probably be allowed but that would miss the point I guess.   Iam bullish on BTC if it keeps on trying to improve its usability and ease of access so anyone can make use of it without hassle or worries.

This has been my posture for a very long time, at first I was very excited to see if ETFs were going to bring a huge interest to this market but after they had been rejected so many times I stopped caring and to this day I do not know if one of them was approved or not, it seems to me that the issue of their approval was being used as a weapon against this market to try to control it but they have overplayed their hand and now most people like us simply do not care.

I don't think Bitcoin's price would hit 8600-9K USD before the December month! Bitcoin's price recent movement is not positive enough to think 9-10K USD. I heard BTC would hit 10K USD in October, there were many predictions about it, but again, those predictions are now failed! So, this year may gonna be the same as the previous year. The crypto market can dump in November! Again I don't know the future, this is another prediction according to my research!

I doubt we would touch those levels before end of this month, there has been a good sell pressure on bitcoin for a while now and even with that we have been holding at above $8k for a long time, if there was any indication that bitcoin would fall it would have already happened, only reason why could potentially go under $8k would be people not buying anymore like they are right now or people selling more than they are selling right now and I do not see neither going to happen any time soon.

Yeah, there is always a probability but we have never worked on a chance of something happening, we are working on something probable to happen and I see a big increase coming soon as soon as the sellers let their foot off the gas. Isn't that more possible that closes resistance is way too close whereas closes support looks way more strong.