Topic: Will BTC hit $11,500 in June 2019? (Read 9681 times)
As it turns out, $11K is so far a way. Despite what happen, I'm still happy to see it rises above $7k. Bullrun doesn't come as easy as we thought.
June seem to be too early. We might just have to wait for the halving before our bulls come to rescue us. The bullrun back 2017 also happened after the bullrun and so it we are going to hope for it, I think it will happen by 2020.
It's still possible but it could go both ways. In the end market makers decide what happens, not shitty TA.
I don't think Bitcoin will reach that price this month. Probably such prediction appeared when the price was close to 9000$ with tendency for further growth but at the moment we are in correction phase and I think that price will continue to fluctuate back and forth but no significant growth will happen.
June is right now so it means there is a chance we should see 11.5k this month. ... So what do you think? Will it go up or will it go down this month?
For now we more have to fear we dont fall towards the 8k bar. Looking back much can happen in a month but 11k or more will be a battle. 
If we look at the situations now, I think it's a bit difficult to hit $11,500 by the end of June 2019 because we are now at $7800 and still up and down in many times. But it could be possible to happen since we don't know what will happen later and if we take a look at the chart when the bitcoin price is at $3000-$4000, we are difficult to see the higher price, but suddenly, the price can increase in a short time. So we might see good news in this month and will push the price to increase higher, or we will see the price stable at a price now. There are so many possibilities that might happen in the market, and there are many predictions that we will see.
Yeah, the decline was unexpected. As of now, the price is getting a hard time to get back at $8k so maybe $11.5k right now is a little bit hard to achieved. Not unless, unexpected pump will happen again. I guess there's no decline next to the recent we got, because if there is, fall should have continue since others will get panic again that will cause the price to fall down further but it's not. Such price for me is also not achievable for this month. But everything is possible here in crypto as you can see a drastic price change over the next 24 hours. Just like the sudden dump that we never expected. So another pump would be more than possible and we might see it reaching at $11500. But I will be more conservative, my prediction is - it will not hit yet this month.
If we look at the situations now, I think it's a bit difficult to hit $11,500 by the end of June 2019 because we are now at $7800 and still up and down in many times. But it could be possible to happen since we don't know what will happen later and if we take a look at the chart when the bitcoin price is at $3000-$4000, we are difficult to see the higher price, but suddenly, the price can increase in a short time. So we might see good news in this month and will push the price to increase higher, or we will see the price stable at a price now. There are so many possibilities that might happen in the market, and there are many predictions that we will see.
Yeah, the decline was unexpected. As of now, the price is getting a hard time to get back at $8k so maybe $11.5k right now is a little bit hard to achieved. Not unless, unexpected pump will happen again. I guess there's no decline next to the recent we got, because if there is, fall should have continue since others will get panic again that will cause the price to fall down further but it's not. Such price for me is also not achievable for this month. But everything is possible here in crypto as you can see a drastic price change over the next 24 hours. Just like the sudden dump that we never expected. So another pump would be more than possible and we might see it reaching at $11500. But I will be more conservative, my prediction is - it will not hit yet this month.
If we look at the situations now, I think it's a bit difficult to hit $11,500 by the end of June 2019 because we are now at $7800 and still up and down in many times. But it could be possible to happen since we don't know what will happen later and if we take a look at the chart when the bitcoin price is at $3000-$4000, we are difficult to see the higher price, but suddenly, the price can increase in a short time. So we might see good news in this month and will push the price to increase higher, or we will see the price stable at a price now. There are so many possibilities that might happen in the market, and there are many predictions that we will see.
Yeah, the decline was unexpected. As of now, the price is getting a hard time to get back at $8k so maybe $11.5k right now is a little bit hard to achieved. Not unless, unexpected pump will happen again. I guess there's no decline next to the recent we got, because if there is, fall should have continue since others will get panic again that will cause the price to fall down further but it's not. 
That's still very unpredictable for this time, and we cannot exactly fortold a big statement towards it's actual price. Maybe it can be meet at that point of price status but I cannot further conclude the exact months to when it will be reach at $11.5k price.
If we look at the situations now, I think it's a bit difficult to hit $11,500 by the end of June 2019 because we are now at $7800 and still up and down in many times. But it could be possible to happen since we don't know what will happen later and if we take a look at the chart when the bitcoin price is at $3000-$4000, we are difficult to see the higher price, but suddenly, the price can increase in a short time. So we might see good news in this month and will push the price to increase higher, or we will see the price stable at a price now. There are so many possibilities that might happen in the market, and there are many predictions that we will see.
My guess is that BTC will soar like an eagle June and July. It will go parabolic.
BTC went down to $7,487 today but right now it is moving back up.
BTC went down to $7,487 today but right now it is moving back up.
reaching $11,000 are very difficult for bitcoin, since we wre in June right now, i think there will not significant up and down rise until the end of 2019. i hope the price are more stable to what we have in 2018, i cant see the fall of bitcoin price down no more, because my target are to return all of my lost from the last year in the beginning of 2020. lets hope current market situation will support all of crypto community and attract more investors in cryptocurrency
Why do you think picking that value will be difficult for bitcoin, If it was not difficult for bitcoin to reach up to $9000 at this period when we least expected, the remaining part of the year will bring another great increase, because we will have lost of organic pump to see due to new investors that will get to know about bitcoin and invest in it. I agree with you that I do not also see any imminent drop of price, so if we don’t expect any drop, then we will expect increase because it is going to be impossible for market to stay static when we will always have decisions being made as regard BTC by investors on a daily basis.
For me, there is only a small chance. I said that because I was looking at twitter feeds and I saw some posts that is shared that came from an influential asian trader announcing to his followers that it's time to dump when btc hits $9k. As expected, there was a lot of negative comments but it make me also imagine like what if some huge group of traders are also just waiting for $10k for their massive dump. I really hope not.
Now I guess we have a good month this June, first week and we are seeing another big correction. If the correction will only for the first week and remaining movement will be uptrend, guess we we will be at $10,000 soon, $11,500 is just too high IMO.
For me, there is only a small chance. I said that because I was looking at twitter feeds and I saw some posts that is shared that came from an influential asian trader announcing to his followers that it's time to dump when btc hits $9k. As expected, there was a lot of negative comments but it make me also imagine like what if some huge group of traders are also just waiting for $10k for their massive dump. I really hope not.
June is right now so it means there is a chance we should see 11.5k this month. ... So what do you think? Will it go up or will it go down this month?
For now we more have to fear we dont fall towards the 8k bar. Looking back much can happen in a month but 11k or more will be a battle. 
June is right now so it means there is a chance we should see 11.5k this month. ... So what do you think? Will it go up or will it go down this month?
For now we more have to fear we dont fall towards the 8k bar. Looking back much can happen in a month but 11k or more will be a battle. 
June is right now so it means there is a chance we should see 11.5k this month. Now one month is a short period of time for going up but at the same time for such a small increase its a lot of time as well. We have seen bitcoin moving from 4k to 6-7 thousand dollars in a month so from almost 9 thousand to 11.5k is nothing that special anymore to us. The question remains to be will bitcoin go up or go down in that case. If bitcoin goes down this month than we are not going to see any big numbers but if bitcoin goes up then 11.5k is not that remarkable at all, it is quite close and we will be there soon without that much trouble. So what do you think? Will it go up or will it go down this month?
One of the reasons I modeled this price action after the $6K area is that I think $6K and $10K represent similar S/R and psychological resistance. Everyone expected resistance at $6K, so we saw 3 mini selloffs from sellers in the $5,000s who were obviously anticipating an imminent crash. But then we blew right through $6,000 and never looked back.
So I think we might see another similar dump attempt off the $9,000s but then blow right through $10K.
So I think we might see another similar dump attempt off the $9,000s but then blow right through $10K.
It is similar but also different, the area at 6k that you are mentioning was far more extended. Trading sideways for a month almost. The area we are currently in has only been trading sideways for a few days and it followed a strong uptrend. These are key differences and to me they show a far stronger bitcoin now than at 6k.
We've been trading in the $8,000s for ~ 3 weeks now believe it or not. This area has definitely proven more volatile than the $5,000-$6,000 area (which is very normal the higher we go into a parabolic rise) but in terms of momentum and structure it's very similar, hence the similarity in Chande momentum seen above.
Anyway, I live by the mantra "history rhymes but never repeats" so I don't expect things to play out exactly the same. My point is more that the market is still retaining bullish structure and momentum just like it was in the $5,000s. This is a good sign. Until the daily chart shows signs of weakness, I have a bullish bias.
We had an equilibrium pattern that broke bullish and saw continuation over the following days, that shows strength, volatility is meaningless, again, the area we are now shows a lot mor strength than the one at 6k, all technical indicators say so, weekly uptrend, daily uptrend, monthly uptrend forming.
One of the reasons I modeled this price action after the $6K area is that I think $6K and $10K represent similar S/R and psychological resistance. Everyone expected resistance at $6K, so we saw 3 mini selloffs from sellers in the $5,000s who were obviously anticipating an imminent crash. But then we blew right through $6,000 and never looked back.
So I think we might see another similar dump attempt off the $9,000s but then blow right through $10K.
So I think we might see another similar dump attempt off the $9,000s but then blow right through $10K.
It is similar but also different, the area at 6k that you are mentioning was far more extended. Trading sideways for a month almost. The area we are currently in has only been trading sideways for a few days and it followed a strong uptrend. These are key differences and to me they show a far stronger bitcoin now than at 6k.
We've been trading in the $8,000s for ~ 3 weeks now believe it or not. This area has definitely proven more volatile than the $5,000-$6,000 area (which is very normal the higher we go into a parabolic rise) but in terms of momentum and structure it's very similar, hence the similarity in Chande momentum seen above.
Anyway, I live by the mantra "history rhymes but never repeats" so I don't expect things to play out exactly the same. My point is more that the market is still retaining bullish structure and momentum just like it was in the $5,000s. This is a good sign. Until the daily chart shows signs of weakness, I have a bullish bias.
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I don't think Bitcoin hit 11K USD too early! BTC price is becoming stable at 8K USD nowadays! It can go to 10K USD from June to July! Though i have seen many articles and analysis about 11500 USD in June, but I want to stay at the ground. We need a strong and stable BTC price, not a bubble again!
Next resistance seems to be at around 9500$, it's the fib retracement from the ATH. Although I'm not sure how big of a resistance this will be since a lot of people do not use those, for me personally, the next big resistance I believe is at 10k and we will probably hit it in the next few weeks followed by a pullback and some correction on the weekly chart.
One of the reasons I modeled this price action after the $6K area is that I think $6K and $10K represent similar S/R and psychological resistance. Everyone expected resistance at $6K, so we saw 3 mini selloffs from sellers in the $5,000s who were obviously anticipating an imminent crash. But then we blew right through $6,000 and never looked back.
So I think we might see another similar dump attempt off the $9,000s but then blow right through $10K.
It is similar but also different, the area at 6k that you are mentioning was far more extended. Trading sideways for a month almost. The area we are currently in has only been trading sideways for a few days and it followed a strong uptrend. These are key differences and to me they show a far stronger bitcoin now than at 6k.
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