Bitcoin Forum

Bitcoin prices (BTC) re-adorn the headlines at major media outlets, revisiting forgotten memories of Buble Crypto 2017, where the meteoric rise of Bitcoin captures world interest and brings it to the highest level of all time, namely $ 19,665

And only last week, the $ 10,000 level was touched back by Bitcoin - the last time a price point was created that created a widespread FOMO and caused investors to flock to the crypto market.

After the latest level is formed, the monthly price chart of Bitcoin forms a "Three White Soldiers" candlestick formation which usually signals a strong reversal (Reversal) of financial assets.

But Bitcoin is not an ordinary financial asset, and this reversal of the Bitcoin trend is probably the strongest that humanity will ever witness, according to one of the most famous crypto analysts on Twitter, Galaxy.

Josh Rager, a leading cryptocurrency analyst, said that the monthly BTC chart was very bullish and prices would definitely soar higher.

Many people now realize that Bitcoin is the fastest-rising asset in human history, compared to other assets.

Yes of course it would definitely jump higher. In just 1month it already surpassed the $10k barrier and now at the price of $12k. Such a huge spike we experienced in Bitcoin currency pricing and it seems to go further.

Jehan Chu, co-founder of Kenetic Capital explained: “The price surge is due to two major factors, one is an increasing consensus among the investment community that bitcoin is a legitimate store of value for the digital age, and two Facebook’s Libra cryptocurrency launch has forced every CEO to take crypto seriously.”

Exactly, from $8000 last month to $12,000 this month, with just a span of one month the price is at $12,000, without any signs of correction there is indeed a possibility that it will rise up hopefully it will reach $20,000 which will then surpass the price in 2017. With Libra launching it may have an effect to the price knowing that Facebook is very well known to almost all of the people thus, they can spread the news easily pertaining to Libra and it would also mean that people will get to know bitcoin even more.

lol gotta love the trend anals and their short term drawing of lines on charts without thinking about what actually makes up a market

its like saying OMG a car just drove 150 miles so its possible to drive another 150 miles without stopping... totally neglecting there is a natural limit such as driver needing to rest or car fuel tank getting low.

not everything is a constant continuance to infinity, and speculating on a constant move forward purely on the past recent movement is naive.

imagine saying the same thing about december 2017 OMG it reached 20k since november so it can get to 40k by january.. and then... it didnt...

if these trend anals could actually base the reason for the rise on something sustainable, beyond just a line drawn on a chart, then that would be worth a discussion

There is still room for Bitcoin (https://coincodex.com/crypto/bitcoin/)'s price to reach new highs! Read more in this short TA:

https://coincodex.com/article/3892/bitcoin-price-analysis-btc-thrusters-propel-crypto-above-12500/

There is no doubt about it as bitcoin is the mother of all crypto currencies but the other currencies are also doing good right now even if they are a little bit behind compare to bitcoin.

If the bitcoin price will hit like 30k$ before it will start to fall again then it will create another record and it is very interesting to witness if it's price can hit it in the following months or even next year.

There are people predicting how it will cross 20k$ and reach God knows where.

The thing is this bullish run is not something that is controlled by institutions , it is controlled by real time investors .

People are so interested since now the hash rate is higher than ever and the transactions are getting more secure and less problematic, safety is prime '

Also at the same time we crossed over the 10k, which was real difficult. We also are going to have miners fee cut nearly in half in May 2020 which will obviously see a increase in price .

So I think people will actually wait till that to encash.

This is what I like when we are in the bull cycle, there are a lot of experts coming out.  ;D

Anyways, since April we have seen a tremendous growth on the prices already. So it's pretty obvious that everyone is very positive that the market will still jump higher.

Others have predicted that perhaps we can see another all-time-high or at least close to it this year. And then wait for the bitcoin halving in 2020 to push the price even higher.

Many people surprise with bitcoin moves because some of them have desperate to wait for a long time to see bitcoin can increase. I am sure now they are making a profit, and they are slow to recover their losses before. And if they can be patient for more, I am sure they will see the price will jump to the highest price like before and that means, they can be able to make a bigger profit.

Of course they can. The continued increase in adoption + limited supply + inflation cut in half a year from now = continued price growth for the forseeable future.
How can someone like you who's been around so long be so dense? Or did you already dump and are waiting to buy back cheap and come away with profit?

Bitcoin is revolutionary both as it provide the holder to make digital transaction without any third party but in my opinion the most impressive feature of it, is the fact that is traded non-stop and it can give a lot of profits in short term. It can also give a lot of losses but that it how the market works. This is why it is the most rising asset in human history.

i sure hope not!
we are already in a mini-bubble because of the jump that we had in the past days. this current price needs a correction to go down about 5 to 15% before we can continue rising and remain in a healthy bull market. otherwise if there is more jump it will only add to the mini-bubble and we all know that bubbles burst and their burst can cause a downtrend for a longer period compared to a correction.

im still hoarding from 2012.
also imagine the 'value' as 2 layers.
for instance gold costs ~$900 to mine and has a $300 speculation layer totaling $1200

bitcoin summer 2018 had a mining cost ~$5800 and hit the price tip of $20k = $14k speculation before it wore out
2019 bitcoins mining cost has only just got back to the ~$5800 range after winters $3500. so why would speculation suddenly be $34k to make the price $40k. many people would ware out their buying power way before that.

now then. IF mining cost was ~$12k then people might have a point, but mining costs underlying value is back at old levels.. not new levels

again imagine it like a car. you cant just say that a car can drive another 150miles simple because you seen it drive 150 yesterday, without knowing anything about the condition of the car, fuel tank or driver. as yesterdays conditions are not the sam as todays
hint there is only so much fuel a car can hold
hint there is only so many buyers before they all bought up.
nothing is infinite and the future does not copy the past

If bitcoin hits $30k this year, I am very much inclined to believe it will touch $1m by end of 2021.
Up till a couple months ago I was expecting a high of $8k for 2019.

To be fair, bitcoin actually exceeded my expectations for the month of June alone. All I thought is that it would only touch $11k at most and would retrace back to $9k and then head on to target higher highs. Wish I had placed my buy orders somewhere on the high $10k earlier this day as I thought that the  momentum has somewhat became weak due to lower volumes on the wee part of the day. Still I remain corrected that we will be seeing a correction back to $9k in the following weeks as I have an eerie feeling about this mini bubble that we're having right now. I hope I am wrong though.

Expect more positive highlights for bitcoin and that includes this or is an example of the optimistic sweetness they will tell about bitcoin.

They always do this kind of act whenever bitcoin is making a pump.
But let us see if they still keeps this optimistic view in a dump session.

I am a holder but never been the supporter of a fast increase in price. There is too much at risk with that and it looks like it is manipulated. Better be ready for storms.

Yes, sooner or later a correction needs to happens, we don't like this kind of mini-bubble, the result will be chaos and a mess for all newcomers in the market. Eventually we need to settle down a bit, and just today we have seen a bit of correction already, the market is going red, the price is now at $12500.

And as majority of TA's have said, $13500 could be the tops for now, which eventually we did see and  then this correction already occur. So let's see how this retracement will go, I'm expecting that it will go <$12000 but we will see.

Bitcoin is also capable of crashing until prices are extreme with every pop of the next "bubble", eliminating as much as 80% of the value every time the bubble occurs.
However, every time that BTC is declared dead, in the end BTC still makes a triumphant "comeback" that attracts more investors than the previous cycle (even Institutions).

according to coinmarketcap the price reached $ 19994, it was very close to reaching $ 20,000


were very dark months, we first had the war of faketoshi vs roger see and jihan wu and then we saw many people who just spoke where the bottom was. The bottom was the only word preferred by analysts, it was as if bitcoin was bound to fall to $1000


he said something very vague

I don't doubt it will go even higher but I am not entirely sure how higher? I mean we are at a really increased number right now and anytime we make a jump we return back down a bit, not back to where the jump started but not at the peak of the jump neither. Like it goes from $12.3 to $13.8 than goes down to $10.8, those types of moves makes it scary for me as well.

I don't know what and where this will end up with but eventually no matter how long it takes or no matter how high we get in the end there needs to be a stop and we really don't know where that is.

Now, finding the bottom and buying from there is the most important thing but I think finding the top and selling there is quite important as well and I do not want to miss it, I don't want to just think its another correction and have a 50%+ loss in my hands.

the problem these days is that people are still surprised when they see bitcoin not-rise-everyday! apparently it is their expectation to see a constant rise and no drops whatsoever which is why you see a lot of confused investors in the past 2 days that we are seeing a simple correction.
otherwise we are already in a strong bull market that has brought us from $3100 bottom up to above $10k price which is already a 220% rise in the past 6 months. right now we are seeing a small correction and accumulation after profit taking, so that we can start the next wave of rises towards breaking the previous ATH followed by a year of rises to set a new ATH somewhere around $100k this time. but there won't be "jumps" as much as sometimes being predicted.