Bitcoin Forum

https://btcgrinders.com/blog/Bitcoin-Trading-Analysis

Our experts currently suggest going long on Bitcoin which currently sits at approximately $9200. A good price point to exit would be $10,000. If you want to get a bit adventurous, you may even set your exit point at $10,500 or $11,000......

I find that if you think $10,000 is a good exit then your sells should be at $9800 or $9900.

This is what I did back in 2017, even entered a short at that area, and basically it cut $10000 like butter and went straight $20K. However a year ago last May 2018, the complete opposite happened. It never reached $10K, I think the high was like $9960 on most exchanges and went straight down.

So this time around it should be interesting what might happen. If $10K breaks then we should see $12-13K easily.

If we hit the milestone of 10k it would be a great sign for further improvement.
However, there are a lot of sellers on the way and I think that the price is going to drop immediately.

Yes, most likely, Bitcoin will continue to grow with a periodic departure for the correction of its course. Therefore, it makes sense to fix your profit at a level slightly below $ 10,000, partially selling it at this price. It seems that the price of $ 10,000 will be another price barrier for Bitcoin and it will be many times again to storm it. It is unlikely that he will be able to come quickly this price to move on.

Yep, I'm planning to take some profit off the table before hitting $10K. But to be honest, I don't expect a reversal there. Too many people are expecting it.....too easy. Plus, shorts are mooning right now, up 42% since the low ~1.5 weeks ago. We're building up a lot of FOMO/short squeeze pressure right now. My eyes are on the next monthly pivots, closer to $11.5K-$12K.

Personally thought we'd see profit takers at 9k actually, especially with such low volumes climbing back up from the 8k levels. I knew the weekend would show really strong growth, but I was caught out by how nothing happened at 9k, which suggests profit takers ARE waiting for a few percentage points above a new 2019 high.

10k seems the psychological and natural profit taking level, but I actually agree that once we break that, the fomo going to be hard to resist. 11k is the adventurous profit take if you buy now at 9200 (that's 20% profit for you scalpers).

Nice promotion for site OP. The whole analysis is reduced to 2 sentences, and there is no need to be an expert to sell for $10k or any other price above that. How about to wait for $15k or maybe $20k, what the experts say about that?

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Although there is a possibility that we can reach $10k in a matter of a few days, I have the feeling that we will stay for a while under that level. There will be a lot of sales, and we can bet that many set their sell orders to $10k or just slightly below that level. But in general the situation looks pretty promising right now, first half of the year was extremely successful, and second half could show even better results.

We' ve been in similar situations already. Price seems going up very fast and heading towards 10000$ or more but then pulls back again. It's nice to be optimist and to prepare for profit but don't forget that corrections are always possible. Although price looks promising now I'll wait a moment before start to celebrate.

Everyone knows that bitcoin will take a correction once it reach the 10,000$. This is best point where we can do short on bitcoin in case we are trading at bitmex. People will sell at/around 10K because they will take profit.

It's hard to predict, but I expect to have a correction when hits 9.8 or 10k
The market is growing slowly and this is the regular course, but I always remember we can be in a bull at any moment

Bitcoin will surely hit 10,000$ again within this month cause this year is a bulls year.  If bitcoin wont drop below 7500$ ,  it continue to rise up going 15,000$ by the end of the year.

It is really dashing towards the $10,000 USD mark And a lot of people in the community are expecting this to happen, but apparently, I guess it will sure make it to the $10,000 USD but in my opinion, it may still go down to the price of $7000 or $8000 without further notice, Well maybe it is right to sell if the price really make it to the $10,000 mark then you may then buy a lot when the price turns back again in a dip, But for now it is really unpredictable and this conclusion of mine might turn out hasty to just sell in that amount because it can still pump further ahead.

Where were your 'experts' when we were heading towards the $3000 level? Bitcoin was ripe for a short was the general consensus amongst fly-by experts, while it was an excellent buy above the $10,000 level. It's once again an indication of how people referring to themselves as expert surf the sentiment and hope to be right and rub it in your face.

Aside from some profit taking left and right if you're up a good 100% I would just recommend people to hodl and ride the bull run out, especially because we're not even remotely close to the block halving day. The true halving fomo might start to take off when there are just a couple of months left.

I guess it's heading toward at $10,000 in such a short amount of time than i expected but the price seems to be staying a bit at $9,000 this time. Maybe more weeks or this coming July we will be seeing the real $10,000 level. This price may rally for a week or more before we could actually see the $10,000 level.

Not just bullish there is also development on its way.  This July, Bakkt will be testing its operation and somehow this will bring more awareness and hype to the market once commentce.  Then next would be the scheduled ETF which was delayed due to some reason only SEC knows.  

This looks a perfect setup for the block reward halving, building awareness and hype then when time comes for block reward halving FOMO might trigger making Bitcoin price to surge.   The Litecoin price increase due to blockhalving also plays a huge help in mind setting people that Bitcoin price will increase just like Litecoin on its Block reward halving event. I guess setting exit point at 10k or 11k is not a good idea, many analyst think that long is a better option than shorting your trade.

What? you are already suggesting people to exit? I don't think that idea is good for people who are reading this. This isn't about being greedy but the market is just getting started to show another high that we haven't reached for about a year already.

There's more and higher price to go and we are now standing at $9000 which is just $1k-$2k around for your suggestion. If someone wants to exit, why not aim more? but if you are a short term trader then those prices are good to sell and wait again for a turning point for an entry.

i don't think bitcoin is "dashing" towards anything. ever since we entered $7.5k+ and $8k the rise slowed down and we are not "creeping" towards higher levels even though some people get excited for no reason whenever they see a 2% rise!
my theory is still the same as months ago when i called $3k to be a reverse bubble. what we see in this rapid rise to that price i mentioned was the reverse bubble burst and now it is becoming more reasonable rise as we enter more reasonable price ranges in $8k to $10k.
then above $10k i expect "dashing" and big spikes.

I believe the market is so bullish now, so that $10,000 is possible to be hit soon.
I also believe that the market sentiment has already change, people are not shorting bitcoin now as it's been consistently thus far, but I'm afraid some manipulation might happen again. Anyway, I'm with you in short term.

Indeed it does but this doesn't show me a healthy market.
The increase in bitcoin price in not depicted in the price of altcoins which makes me wonder if it is just a meaningless pump or it goes for the next bull market.

   Will 10,5 - 11 thousands be your exit point or you predict a new deep drop after that?
   Bitcoin definitely shows good temps of growth this year and I plan to wait for another 20 as minimum.

(I bet the price will go below $9.000 this week). After the rise which started in April people started to sell a little but they stopped when they realized we are in full moon period. I mean when we were at $7,500 they started to think it could a lot higher. So they preferred to wait for a period like we are in currently. If you bought at $4,000 not long you're already with a good ROI. But I'm sure most of them are waiting for the $10,000 when it will come, be sure they will start to sell.

Bitcoin will soon reach 10k and that will be a good level for bitcoin, and in the future it can be more likely to continue to grow, and keep holding to get better profits.

The technical analysis suggest that $10000 might be the exit point but ONLY the market can decide this. Looking at the chat, there are lot of sellers around this region, so it will be a critical point that will be interesting to watch

June is a good month for bitcoin and the value is now near $10,000. I believe that was the final value of it before entering July where it is estimatedly adding another $500 in it. I already set my limits that whenever the value reach that, i will sell it and wait for another drop.

that is the biggest problem with predicting price when there is an unpredictable behavior on the way. you think there are lots of sellers but even those who say they will sell aren't going to sell most of the times.
the final result depends only on whether price is going to shoot past $10k or have trouble breaking it. if the momentum and the buy strength of the upcoming rise weren't enough then all those people sell and we come back down to $9kish to go and test it again but it is also possible to see $10k be broken smoothly and we can reach $11k+ before seeing a correction to a much smaller value and stay above $10k for good.

I think going low wouldn't be shocking but I wouldn't suggest leverage for now. I think the price will go up but the leverage could be problematic since it requires almost no going down before going up (with too much leverage at least) and if bitcoin price goes down 100 bucks then goes up 1000 bucks you lose all your money whereas if it goes up 1000 without ever going down you earn 100k, that makes no sense to me.

Of course, it is a risk people take and I can understand it however for now if the price is going up there is still a chance of a correction above 10k so please be careful about your leverages and try to keep them low for now, I understand people who do not have too much money want to leverage so they can earn more than they offer but don't risk all of your money for a short uptick.

Good plan as you if you profit on it, of course after this run, we might see some correction happening again, but I like to see it moving up continuously.
It's gonna be a big milestone of success if we are seeing bitcoin breaking $10,000 by June, that would be huge for the believers as it could boost the morale of waiting.

But your strategy is good, at this situation, it's also nice to benefit on short term movement and bitcoin's volatility.

For as now the bigger sell offs this year where eaten pretty quick before heading higher up the charts. with the overall crypto space still positive this will be no difference.

That is a good motivation predictions! There is no doubt bitcoin is seriously bullish and $10,000 is the next selling area as many orders has been opened around that area. However, it is daily becoming too expensive to buy and I see what play out at the end of last two year will play out again. The low income earners will be afraid to buy at this moment and when bitcoin get serious? They will jump in expecting the market to remain bullish and the whales will dump on them for profits. In my view bitcoin is going to create a new high this year and it might be $30,000.

But don't forget the FOMO though, if we break and slice $10,000 in the next coming days, it will be hard decision to sell specially when FOMO sets in again and push the price even further. We have seen this in the past and the likelihood to see them entering again is very high assuming that 5 digit is the magic number they wanted to get in. So we will see what happens next, as traders it's always very difficult to sell and book our profits, but intelligent investors have their own exit plan so I it will be good if we have one as well.

i don't think FOMO is going to happen right at $10k because that price can act as a target for many short term traders to sell (cash out) their bitcoins to take profit and since it is a rather strong resistance we may not see a big rise there. but a little higher possibly closer to $11k the FOMO can really begin.

well, it's only a matter of time. however, currently the price is so close to the price of $ 10000. this does not cover the possibility of bitcoin prices developing to higher prices. for now, I'm just waiting for the price of $ 10,000 that might happen this month. preparation for that is really needed.

I would also bet some money to such an outcome, but not just because people have intention to sell, but because it is very obvious that there is currently no more fuel for the upward trajectory, so if we can not move forward we're probably go back under $8k until a new opportunity appears to attack $10k again.

I also think that many people who invest in range from $3000 to $5000 have already sold their coins, since most are very happy with 100% profit, and others will wait five-digit numbers or new ATH.

But I think people will wait for another higher price and many of them still hold their bitcoin if the price does not increase more than $20k. They want to make a bigger profit by waiting for the price to increase. But some traders will buy and sell bitcoin at any price because they know that is their chance to make a nice profit from the gap of the bitcoin price. In this case, we need to be careful to trade if we are following them to trade because that situation will be unpredicted for us.

Im sure bitcoin will hit that price before this month ends ,  i guess bitcoin price will change next week , it will be playing arount 10,000 - 10,300$.  And by next year bitcoin will hit 1,000,00$ just like what macfee predicted.

the unpredictability exists but it is very different in this market.
for example the unpredictability of the altcoin market stems from the fact that they are mostly manipulated and since pump and dumps are artificial market behavior and not natural you can not ever begin to predict them.
but the unpredictability of bitcoin is only in its short term and it is because of its small market that can sometimes be affected by small events. others times and in long term it can easily be predicted.

And why exactly? I don't see any explanation/analysis that would suggest to me that any research has been put into actually selecting these two figures, which seem to be arbitrarily chosen at this point.

I agree with the statement that BTC is likely going to crack 5 figures very soon, given the fact that the market sentiment is still primarily bullish with no signs of stopping any time soon, as well as the institutional factors that will likely drive prices up.

However, I don't agree with your exit strategy. I believe that based on history, this price level is only in the early stages of the bull market, and institutional investors haven't even started to invest on a full scale yet. Right now, it is still in the early stages of optimism, and based on historical data there is no real sign to suggest that we're peaking right now.

Today the price has reached close to $9300. For a long there is regular increase in the price of bitcoin. Possibly the price of bitcoin will surely reach $10000 at the earliest if the same growth pattern continues. Getting close to the $10000 we can experience some price correction as it requires strong resistance to cross $10000, whales too try to manipulate the market so to grab the profiting of the small scale investors.

How can you be sure of something that is difficult to predict? Currently we are in a point where it is possible to reach $10k next week, but also to go down to $8k. It all depends on whether someone wants to buy or sell a larger amount of bitcoins, it can move price in any direction.

1,000,00 is ten times less John McAfee predict, you are short for one zero - but this is not real problem. Belief in such fairy tales leads nowhere, do you know how much money it would be necessary to something like this happens? Can you calculate this : Circulating Supply 17,769,637* 1000000 = 17769637000000 which is $17+ trillion.

For anyone who thinks this is possible : A $1 Million Bitcoin: Is It a Reckless Speculation or an Inevitable Reality? (https://www.newsbtc.com/2019/02/25/a-1-million-bitcoin-is-it-a-reckless-speculation-or-an-inevitable-reality/)

Some predict a decline in the price of Bitcoin this week to twenty percent down due to his departure for correction. While we do not see. On the contrary, Bitcoin continues to grow. According to CoinMarketCap, its price is now $ 9,334. Perhaps Bitcoin will be able to reach the price of ten thousand dollars before once again leaving to correct its course. In general, it still grows well after such a long period of bear market.

The speed we are going now next week could reach the 10k bar. All the dumps where eaten pretty quick the last few months, 8k wont been seen any time soon.

We are just $500 away from hitting the $10,000 mark and its just around the corner. If there will be no speed bumps or walls like negative news that will stop Bitcoin price to surge to $10,000 or more, it will hit $10,000 in 3 weeks or less. Holding your Bitcoin would be a good idea for now as there are again new investors buying Bitcoin or shifting from stocks to Bitcoin.

We are not sure but this is the speculation section and it is about a speculation. Of course, the more likely possibility is that bitcoin will hit 10k or more in this month because it has moved from 7.8 thousand dollars to 9.2 thousand dollars in the past 10 days so why not move another one thousand dollars in the next 10 days as well? This is purely a speculation but it is also a educated guess not just pure assumption.

The "most likely" option is to hit 10 thousand dollars, it doesn't have to hit it, it can go down as well all of a sudden, maybe tomorrow morning we will wake up to a 7 thousand dollars bitcoin who knows, but which one looks more possible to you in the upcoming 10 days? Bitcoin reaching 10 thousand dollars or bitcoin not reaching 10 thousand dollars? That is why this is the speculation section, we are calculating the most probable options.

The price of bitcoin is now very near to 10k$, It can cross the 10k milestone any time. And I think if the milestone will crossed then btc will go more higher immediately and will not down below 10k$. After going 12k to 13k$ btc can make a correction but the price will remain above 10k$ during correction.

I guess your experts are right, bitcoin is really going uptrend now, we got exciting times ahead of this if we will breach that price very soon.
Will carefully evaluate the market, I might follow your advise or still hold a bit to maximize profit.

We only need $200 usd and we are making a headlines shortly, $10,000 is very possibly, there is no stopping bitcoin at this range.

Looks like we are heading towards 10000$ and it seems that price could be hit very soon. Still that doesn't mean it's necessary going to happen and if it does it's not impossibe for price to fall again. 10000$ isn't some magical boundary that would mean that price could go only up. Corrections are always possible, price is volatile, don't forget that.

$10k will most likely be a point where we will remain at for a while. I believe it might get hit within 24hrs.

$10k upwards will be a point where burned people will sell at a loss just to get out of the woods. This will limit the upward movement.

The original prediction is coming to life. Will it reach passed $11k,15k?

This is a sharp race to $10,000 in just the last 24 hours. It might be the time to say it is bull time. :-\
Alot of memes are being ready to be unleashed on the interwebs.
Crypto twitter is a buzz with anticipation of its coming. ;)

I'm posting this as we ride on a new high, and we're only 1.5% or so away from that holy grail of $10,000 where everyone and his grandma believes the "real FOMO" will truly start (yeah, I know, I'm as guilty of using soundbites that all them influencers use to sound cool).

So yeah, we're here, and 10k is inevitable, but everything is temporary and I don't think I'll ever change my mind about this thing as able to hit 1 mil as it is to hit 1 cent. Those scenarios in that article (some arguable) are also as possible as the opposites. Everything is game for me, and I'm here for the ride, glad to be part of it, but I'm not going to dream of million-dollar Bitcoin in this lifetime.

Time will tell but for now some exchanges already hit the price of $10k which is a good signal for all of us. We have so many time to hit that price and maybe after hitting the level of $10k on all exchanges our next target is to go beyond the price of $12k. I'm honestly feeling a good Christmas break this year, let's push this market so it continuously go up to the new ATH and everyone can have a good break after this year up trend.

Yeah its time to celebrate.
Bitcoin is again rising .
Many are expecting that BTC will break its all time record of 20k usd.
Let's hope for the best.
Moreover i am going to sell my BTC , when it will be 15k USD.
Really excited for this.

My prediction was correct that btc will go around 13k$ and can make a correction. And yea btc went to 13k$ + and now it is making some price correction and the price still in above 10k$ that I said before some days. Hope btc will make another move to 12K$ and will trade above 12k$ for some days.

I think the price of bitcoin will exceed the price of $ 15k when the increase happened yesterday. however, I think the decline in bitcoin prices is again felt. but, the current price is also quite good. stable above the price of $ 11k will be a good start for the coming July.

Last time I checked the price, it goes below $11K. So we're back to the $10k levels again. I guess there's a lot of support around the price though, and I'm not expecting a price to go way below that.

So I wouldn't panic here, specially for newbies who have celebrate early when the price hits $1k2-$13k, again this is a buying opportunity. I'm still fairly optimistic that July will be a good month for crypto.

The price is indeed below $11k as the month of July begins, but you’re correct there’s enough resistance at $10k levels and it won’t go below than that. The newbies will be indulging in panic sales like they always do when they see a dump like this, but I hope the smart newbies will hodl on to their coins for higher returns. If you’re planning to buy bitcoins then I would suggest you to wait little longer till it comes down to $10.5k levels, then you can buy it and hodl them.

bitcoin has already passed the price of $ 10k, and currently the price is at $ 11k. however, I think the price is starting to stabilize again. I think it's very difficult for bitcoin prices to reach $ 15k for now. so I plan to hold the bitcoin that I have until the end of the year. most likely, the price will rise again, and may exceed the price of $ 15k at the end of the year.