Bitcoin Forum

https://i.imgur.com/1t0NUbY.png

as a professional chart reader say

I went through the chat though is not too clear, the vision I mean. I saw the target to get to next as $7,195 but when is that going to happen? That is my question because I don't think that is there in the chat.

a little higher it seems, I'm sure in the next price surge the price of bitcoin is able to exceed the previous price surge.
$6200 => $7000
$6400 => $7200
$6800 => ???

I'm sure at the end of this month the price of bitcoin is able to return to above $ 7k and after that bullish will occur. I am still very sure if the price of bitcoin is able to fly high at the end of the year, although not as high as last year.

We hope that price will reached again andmaybe better if we see more than 10k dollars after few weeks. I hope before end of this september we see 8k upto 10k dollars. But not guaranteed happen because still high chance to drop again the value of the bitcoin if still have many panic and they sell their bitcoin.

Once it moves above the 200 MA of $7640, then the bull run will begin.

$7,500.

Predictions doesn't have any accurate time when the prediction would happen. And there's no chat, it's only an image posted so I don't know what chat you are saying or maybe the discussion here?

Well most of us hope that will happened soon, but it's only prediction,it can't be 100% accurate,unless all if the investors agree to put their money on bitcoin again then it will be easy to reach those number, but hopefully this chart could be the positive boost for the market to change into bull trend

Not only we need to break that level,we also need to look over and raise our total market capitulation.
currently it's plummeted to around $200 Billion and sometime it went down to $170~190 Billion,if we want to change the trend at least we need to make it around $300 Billion.
TA chart won't work if our total market cap is not increasing.
so far we saw many thing happened when people believed it was a bull.

the only problem is that $7200 is not an important price level so reaching it has no significance. it is one of the targets that have been passed multiple times during each fluctuation that bitcoin had in the past. drawing some lines on the chart won't guide in this period. everything is random as long as we are below at least $8k and above $6k.

Professional chart readers? Where are they hiring because I would love to be a professional chart reader. I do it almost every day actually ;)

But to be serious,,, 7200 is only $500 or less than 10% of where it is today. So yes, it seems like a possible next target. And we have reached here recently already so it is very possible to happen. My only doubt is that there are plenty of orders waiting to sell at 7100, or even 7500 so if Bitcoin reaches there too soon, without support, we will see sell offs again.

Currently bitcoin has increased even though little by little, I think this will continue until the end of the month and at the end of the year bitcoin has the opportunity to rise very rapidly and will even exceed $ 7200 by the end of the year.

BTC Price Going Upstairs

$7600 perhaps? I do hope.


I don't see $10K. I'm pessimistic that it won't be touch this year. Probably $9K could be a good test mark. Right now investors are still on the day trading scheme, so a few bumps here in there in not a indication for a bull run to $10K. I'm even nervous as to what will be the next target because we might see it crumbling down again if ever we hit $7200-$7600 again.

We already tested those levels a few months ago, the price went over the 7600 and nothing happened, it just went straight up until the 8k's levels and it soon went down again. What makes you so sure that the bull run will start after we reach $7640? Which btw is an oddly specific number.

To OP, the goes up to 7200...so what? Unless you're planning to sell and take some profits at those levels, the prices going up to 7200 doesn't mean anything.

Hopefully, bitcoin will raise up more than we expected, as of now I saw that bitcoin is a temporarily stable price at this moment in the market around $7k plus. I really agreed that probably at this year-end bitcoin will not hit the price of 10k US dollars.
But I personally believed that no one can predict the possible happen on bitcoins there.

It sure will go another $7500 USD, Even if there is resistance with the price a large probability that the value will go even beyond that value, But I guess it will not last because a correction and an event on the coming end of the year occur, Like what I am always saying yuletide season is on the corner and we can already feel it, The price will surely fluctuate so much because most people are using their hold bitcoin for the Christmas season.

We do not need any chart or so-called experts to tell us that BTC is maybe going (again) above 7000$, this is something that has happened over the last few months and there are no indications of any significant changes for now. We can call it only manipulation from whales who take profits between 6000$ and 7500$, just imagine that you have only 100BTC at this time - selling at 7200$/buying at 6200$ gives you 1000$ profit per BTC or 100k every month ::)

Some may say that SEC will also play some role with delays of ETFs, so maybe price is going up now because September 30 is close - but with new postponement or by rejecting the request price will again go back close to 6000$ or maybe this time something else will happen...