Bitcoin Forum

Hello to everyone who is trying to trade bitcoin today! do you think today's price increase was organic? I look at how the situation is developing and I see that there was already a triple bottom, but we also see the figure "head and shoulders", the main thing is that the goals for the triple bottom can be considered achieved
My goals were
8050-8150
But we should always look at the chart more globally. and if we look at global goals, then for me they look like this:
8770-9050


Now we have gone beyond the important level of 7730+, there was a predictable growth, and the indicators led to this and the red flat!
https://i.ibb.co/MgFzh37/photo-2020-01-07-14-06-09.jpg (https://ibb.co/zmq350Z)


In the end, I want to say that it is very important not to forget that if we look globally there is still a very high chance that the price will return back below 7 thousand dollars. The next level we need to break is 8800


You can say and write that the movement has begun and it will be true!


P.S. this is a cryptocurrency market and everything can change at 1 day, so you should never forget about this!

a few days ago I bought bitcoin and today I have sold it, I took part in the upward movement of bitcoin in recent days and managed to get a 3.8% profit from my capital. but I also believe that there will be another dump, maybe not in the near future. and in my research, bitcoin can still grow a little more and it's good to take that place but my research is not certain then you need to do it again independently.

it seems to me that the price movement that we saw today is just some kind of show that was created for that people all together believed in the growth of the market. I think that we will not be able to rise above 8200. This level will be very strong and as soon as we touch it we will immediately begin to move down. and when we begin to move down, perhaps we will reach 6 thousand.

Whatever the case may be bitcoin halving is coming in hot and many are already hyping this, it's certain that bitcoin will surge, buy low selling high works better doe those who use bitcoin to trade, i like it and it never failed me

I think you sold your bitcoins because it was in your mind that it will dump again. You thought that now you will get the profit and in the second dump you will buy again. But you were wrong as now you will see that the price of bitcoin will continue to increase, for this coming four months I am pretty sure that the direction of the price of bitcoin will be continuously at the upward direction. If you immediately buy now again then you will be in profit and will not miss the train which will run for a longer time.

This is a nice observation but it is just normal to see some spikes on this chart. You are right when you said that we should a reference like 8800 to really say that the market is going to rise up. I guess we have just to wait for that. What we can do for now is to add our investment so we are ready when Bitcoin really changed its direction and stick to it.

As long as bitcoin does not touch the point at the price of $ 6k I think Bitcoin remains under normal circumstances, which is around $6500 - $8000. the bitcoin panic point at $ 6k if it touches on this price it is likely that there will be a "panic sell" and there will be a large dump, as we saw in the graphs at the end of 2018. but in my opinion bitcoin will not fall and see halving in a moment, I'm sure it will bring big changes.

This is an advantage for me because bitcoin has gone up quite high overnight yesterday and it has begun to show good conditions at the price of $7900 plus, I see my own chart with my analysis the bottom button will point towards a stronger maybe $8000 if it might happen ? i think yes.
Let's wait overnight if there are changes like yesterday? hope like that.

Yesterday I read the news, one of the analysts claims that Bitcoin will grow to 48,000 dollars, so maybe your thoughts are correct and Bitcoin rises from the bottom. Or maybe it's a small breakthrough, and the words of the analyst are just words. I do not know who to believe in a pulling situation.

Bitcoin will rise even higher than $ 48,000, but it will not be soon. and I think that the market can be considered bullish only when the price of bitcoin will be higher than 12 thousand dollars. when the price crosses this level then it will be possible to start trading very hard and get very high profits, but now I am also waiting for a decline

the potential can indeed be achieved, but it does take time to achieve it. I personally am still waiting for bitcoin to return the price of $ 15k is good enough because if it reaches that price then bitcoin has better potential, and the pump movement usually brings new investors in it.

When people trader their coins daily, they dump when they see signs it could drop but it the next days or 2 they will be back to buy again for the price to go up. These traders doesn't care much whether the price movement is organic, its the bucks they get that matters. This day is just another day to earn good, the next day is another wait. I think the market is really greener these days, it could start the bullrun if it continues.

From where you can expect the price of bitcoin to reach $ 48,000 I think it is difficult to predict if bitcoin is still slow like this, of course the increase in bitcoin is influenced by it because it is only temporary and does not last as long as before.
I guess bitcoin is now increasing only a few hours after it fell again and cannot last as long as know 2017, is this possible because of other effects so it is not so durable.

But I think everyone certainly has different thoughts, for those who don't want to take risks or want to make a profit of course they will choose to sell their bitcoin at this time and hope that the next bitcoin price awaits a second dump. But for people who believe and believe that bitcoin will continue to increase, buying more is the right thing to do because everyone must have different views and different strategies.

The signs on the chart show that the btc will rise sharply, but I think that the rise in prices will be greatly affected by tensions between Iran and the US.

This topic is related to Bitcoin price prediction, so you are better to move it to Speculation (https://bitcointalk.org/index.php?board=57.0).

Yes, you are right. The rising of Bitcoin price is likely still unstable, so the drops below $7k may happen in the near future. If you are a daily or weekly trader, ensure to buy at the right time. Don't buy once the price seems to drop.

*Edit Bitcoin section --> Speculation

Of course with the tension between Iran and America will make the price of bitcoin rise higher, I read a few articles a few days ago, which did mention that the price of bitcoin in Iran is higher than the price of bitcoin in exchange and has even reached $24,000 and this price is higher if we compare it with bitcoin which is currently trading at a price range of $7935 in several large exchanges.

https://www.google.co.id/amp/s/cointelegraph.com/news/bitcoin-selling-for-24-000-per-btc-in-iran-as-us-tensions-escalate/amp

Yes indeed this news has indeed been circulating in several articles but is this possible influenced by both parties?
If this can affect the price of bitcoin then I am glad to see the price of bitcoin rising and now has redeemed the price of $ 8,300, if in Iran has redeemed the price of $ 24,000 then I am sure that prices on global exchanges will follow.

A series of events are attach to the price of Bitcoin and other Cryptocurrency, proof is what happens in the Iraq situation, we have moved to  the $8000 level and that is the hot topic right now, people consider that Iraqi's and other neighboring countries are buying Bitcoin and other top Cryptos, because of the series of events that might come in the coming months.

I believed that the movement after the push to 7.9k would result to a sideways one for a few days, but turns out that BTC pushed through and managed to break through the 8k barrier, reaching 8.3k right now. We're still in a bit of a bearish part, but just a little bit more and we could be able to call this a bull run now. I also believed that a foundation was required for BTC to retain its price right now, but with it breaking through 8k, we could assume that 8k is now the foundation BTC needed since it took a few months before breaking it down.

It naturally can affect it, just that the scope is unknown to me. Buying BTC for $24000 dollars, even if we do say it is a peer to peer trade, would somehow one way or another push it to new levels.

$7000 is just near around the current price so don't let your guard off if you are daily trading and always consider too much rise will also cause its own fallback. Many are already looking to the positive side that it wouldn't be long and this pump will eventually reach $10,000 soon.

Most likely this is the reason that everyone can see about the surges.

I'm more to the side of believing that the movement would continue going upward till 8.5k, and only then could the market encounter a possible resistance. Of course, this feeble assumption is made towards the fact that the increase in price is a cause (may be partly) of the continuous tensions between Iran and US, with just recently Iran sending more than a dozen missiles to the US troops ( or something of the sort). Probably a cause for the Irans to trade their fiat to BTC quickly enough.


$10,000 is honestly a way too high assumption, especially since the last pump of such huge push reduced BTC to staying at 7k for 3 months, which is honestly not a good thing imo. I just hope it doesn't happen and a gradual push would occur instead.

interesting opinion that we also do not force the market to follow what we analyze through the charts, those who determine the market and we only do charts analysis that actually children can do that drawing chart patterns, my opinion since yesterday is that prices will indeed keep stable and often I say whales are playing above $ 7,000 sometimes under $ 7000 and it's time they don't play that game anymore, we are already in early 2020 where many people will come with their money in the market, it looks like prices will still get prices high in the next few weeks

are you late buying under $ 7000, so you expect a price of $ 6000, oh yes unfortunately the price is already above $ 8200  ;D

I am always ready to buy bitcoin above $ 8600, but I do not believe that now we can rise above 8500 and stay strong over this level. I still expect to be able to buy bitcoin below 7 thousand

It's not actually a too high assumption, we've just hit it few months ago if you will recall 2019 and even way higher than that. As you remember that year, you'll see how it's plausible all of the time because it seems that no one stopped it cross that line until the correction comes.

As we're talking about the falling back, bitcoin just did declined again back to $7,800 while hitting the high of $8,500.

We like it or not we would definitely face up those corrections along the way.For op's target which had been already reached over but for global ones of 8700 we do almost hit that line but the price didnt tend to go up even more.It better to see this way yet were moving too fast on a short span of time and here we go again on tanking with 7k levels but at least this is a bit more higher with few hundreds compared on previous months which isnt really that bad.

Just as we talk about the correction then it's really a quick recovery for bitcoin.

I think it's recovery became quicker this time and I'm starting to become excited of what awaits to us within the next several months that we'll be facing. The before and after halving scenario is much getting hype this time. I thought that after seeing $7,700 we'll see it below $7,000 again but no, it has recovered so fast.

I think the price movement is due to 2 reasons.

1) The price has been hanging around $7000-$7500 for a while and investors see it support or a bottom.

2) We are getting close to the halving and this could start another bull run.

Again with the sudden increase.
So can we now call this as "organic"?  :D
Profits are coming in for all the traders. I hope you are all getting it right.
That is one hell of a rollercoaster ride.
$500 change up and down in just a week. Wow! That is some crazy movement. This is just bitcoin market for me. It cannot be understood well.

Halving influence things around this market, with this event, investors are aiming for good market movements and if fate allow them it will be a good
timing to buy in and wait for the next pump. Many opinions that might affect the current situations but more on halving time.
BTC is creating a good sign from the beginning of this year.

The support at $7700 to $7900 prove to be strong enough the price could go down ie price was rejected at that zone after a correction an indication of a bullish trend ready to unfold probably heading to $10K.

It seems bitcoin is in a repeat mode, and it looks like the ATH from December 2017. If bitcoin is going to repeat itself, then would be back to $7,200-$7,300 where we started, and then a big dump like it happen back in 2018 that $5,000 people are talking about might come true. Therefore a 2018 repetition is very obvious, However, as a bearish outcome, there are other options too. For example, it's still somewhat possible we bounce from this drop maybe at $7,500 support, then take off to $12,000, and run out of fuel there after completely destroying the shorts and creating an amazing hype and FOMO around the bull-run and the halving.

I think Bitcoin will hold to $8k until it breaks $9k going to $10k as analyst predicted.  It seems the market is preparing for another rally to 5 digit then retrace before rallying again towards Bitcoin halving.  Though I am still not convinced that it will break its ATH this year.

It is still quite normal for me even if it go to $12k.
There might be a lot of reason that is being thrown all over social media and here but that is all not true.
The only truth is the bitcoin price moves like a wave.
It cannot be stopped. It will happen even without wars or any government issues.
The more probable reason if it came from a financial industry.

Changes is inevitable, bitcoin always move on a different ways and in 1 day we pump but the next day it can dump hard. My view about the current price is getting better, bitcoin shows a good sign of life for us, we can see that as a good start again. The movement of bitcoin is just a cycle, now its time for the pump.

I don't think this is because of halving. Halving will probably influence the price but not yet and not in so extensive way that this might have really significant impact and not on long term. That is my opinion.
I think that price will continue to fluctuate and the values will be kept in.current range, somwhere between 7000$ and 8000$.

pump time has not come yet that's for sure. Now we are trying to gain a hold over the level of 8 thousand dollars and I think that we will try to do it for about a month. only after Bitcoin will costs more than 10 thousand dollars, then it will be possible to talk about the time of the pump

I don't think only Iraq and other neighboring countries bought Bitcoin, but all countries have bought it so there has been an increase in the price of Bitcoin.

while news of the conflict between Iran and America might be part of positive news for Bitcoin and some Altcoin.  because I looked at the technical analysis also was in the area to buy.

sometimes I observe positive news on Bitcoin along with technical analysis showing the area to buy.  so it's no wonder that sometimes some people don't realize that it's happening together.  and sometimes just assume that there is an increase in the price of Bitcoin only because certain countries are buying.  even though that's not entirely true.

So basically anything can happen, which we already knew.  Lol.  This is why I can't stand TA.

And I'm not so sure this is the start of anything resembling an upward movement in price with some momentum behind it.  True, bitcoin has seen some nice gains and has held onto them for a few days, but that really doesn't mean much.  You know as well as I do that bitcoin is inherently volatile and people can sometimes mistake that volatility for a pattern or a trend.  But I'm hoping I'm wrong and that you're right about the $8770-9050 marks, and that bitcoin hits those within a month or so.

We already have the usual support from the investors. The market scalation means something great, from $7,500 to $8k...it is good enough to think that we are getting far someday. Halving is soon to arrive and we expect something could change the market trend. Actually, some say in Bullish while the others still think of having the same. Nobody could sure what will happen next...

I think that we will not be able to rise higher than 8900 now. as I said at my post and now I still think that what is happening with the price now is a trap that is created so that people can start buying bitcoin and other coins right now. as soon as people will really believe in a bull market - prices will start to go down again

Manipulations of the market value of bitcoin don't happen much in my opinion. The market cap is huge and it would take a lot to successfully influence the price. Whales are much better for holding and trading. Governments can easily influence the market, but this is only reflected in their respective countries.
The increase in the price has held on for a couple of days and we could possibly reach 9k in a couple of days. We could be looking at a new support level around the $8.5n mark. But this would have to be tested repeatedly first.

A very good observation, mate, and by following the Bitcoin price chart, now we can be sure that Bitcoin price is going to break the 9K USD zone. It can be the start of the most wanting bull run, as the altcoin market is growing too. So, we can hope 2020 will be a better year for crypto.

We need to relax, it is not time to check the price and analyze daily. In bullmarket every good coin is good product for profit just buy at a low price and sell high, the market is not only for bitcoin as we can see, altcoin have join in the race. Next will be the money from startups and rollarcoaster arrives where money flows into the space, position yourself in right coins and sail to bullrun.

Seems like this is really spot on.

I think that there is still significant resistance at the $9k level which is what is driving the sluggishness in growth right now, but I really have no doubts that it's going to eclipse $9k as a matter of time. $10k will be more difficult given the fact that the last pump also had significant resistance at the $10k level as it tried to recover, and it was the psychological level at which the decline really started to accelerate.

Speaking of the longer terms, if BTC can outdo its previous highs at $13-14k then there is reason to believe we'll be seeing an ATH soon after halving.

Don't relax now, if you believe the price of bitcoin will happen in the future, I think it's time to panic. the point is that the signal has appeared at this time, prices have gone up high enough to give a signal that the price of bitcoin will really reach a high price. so, for the time being, we need to prepare our assets.
however, the price of bitcoin will most likely be higher than the price of $ 13k, this only takes time. I am pretty sure that at the end of this month the price of bitcoin can approach the price of $ 10k

Sadly though, this sort of mini bull run has stop now, as we have seen a lot of coins going down including bitcoin. So I guess there's no bull run, just people rushing in to enter the market and to make money out of it. In the previous bull run we had, the price keeps going up, which just some minor slid because of FUD. But we hadn't had any FUD and yet the price did go down.

Probably a bull trap, as others have suggested. But we will see, we've witnessed this kind fo volatile movement in the past and we do hope that it will end up picking the price again in the next 24-48 hours.

Today the market is quite red if you have set up assets to buy bitcoin then this is the time to buy when the market is down, pumping has happened yesterday and now dumping again means the market will enter bearish again but from that pumping bitcoin is unable to reach $9,000.
But we will then know how to move forward and one day bitcoin will experience a very high increase.

Bitcoin has increased, now just waiting for the coming altcoin season, indeed Bitcoin must be consolidated first because to reach high prices altcoin must survive

The rise of Bitcoin is not yet done. I am seeing a pattern of high increases and short and quick corrections before another round of high increase. I am positive that $9,000 is going to be shattered very soon. Altcoins are following Bitcoin's pattern. This must be a season for all of crypto.

The sad part about everyone trying to connect bitcoin movements to something is that every time it moves you will have to be forced to find a reason for it. Lets be honest this market is unregulated so the only thing that makes bitcoin go up is you buying it, and vice versa for going down, which all comes down to this ; bitcoin is volatile because it is volatile, no need to find a reason.

Just like now for example, we went from almost going under $7k to reaching almost $9k, do we really need a reason for it? I mean couldn't it be just that some people bought bitcoin and others who saw it bought as well and then there was collective buying? Can't that just be the reason for it? Do we really have to have a "big" secret reason for the ups and downs?

I'm having a thought that if Bitcoin enters the ATH other cryptocurrencies will be the same just like what have happened a year ago where the market is hype. Bitcoin will eventually enter the $9k zone before the halving the fact that most of the coins in the market are now having a good run.

Market is unregulated that's true and we all have to accept that. FUD, FOMO, speculation are what drives the price of bitcoin and other crypto. There were predictions few days back that bitcoin going to 5k$ and all of sudden it jumped up to current price of 8900$.

If you are old in this market, then you would have known that bitcoin moves opposite to the expectations. If majority of the people are expecting it to move it  to 5000$, it will move and jump in the opposite direction and that is what happens. Whales always manipulate and move in opposite direction to liquidate others and get profits.

Imho, if what happened in 2018 should repeat itself, I think the community is ready to adjust itself and consider the broader perspective and look for sizeable entry points to further expand their prospective returns. So, at this point, I'm not sure the sentiment would be that bad. Touching 6k would be good for new money, scaling 10k would also be good for new money... but the point where I get more concerned about is beyond 14k. People will want to take profit and watch how Bitcoin behaves in the short term before committing long term.

Bitcoin is hovering above $8.8k was above $8.9k  before I read this thread.  It seems OP's prediction about BTC breaking $9k is possible.  I also think that it is just a matter of days.  Though I hope there is no bad news that will hinder this BTC movement and that the rally towards the predicted $15k before the halving continues.

Although the pattern still is shown, we still need to be careful because the down of bitcoin price can happen anytime. Yes, I am positive that the price will be back to $9,000 after it hit that in a few hours ago. But the battle still appears at the market, and the price still up and down this day. I wonder if tomorrow the price slightly increases to more than $9,000. The altcoin still trying to increase, and some of the altcoins already hit the high price, and it still waits for the right time to grow more.

Quite surprisingly for your analysis, so far it's completely accurate and the price of bitcoin has reached the price of $ 9050 today. But Bitcoin is currently stable above $ 8800 so we cannot see bitcoin crumbling in the near future. I still evaluate this market and bitcoin will continue to grow until halving in May. I will wait and track your next analysis in the future, it is very helpful for me

It is not just about bitcoin being unregulated neither, it is also about how bitcoin has no technically stopping price, I mean even the stocks have a technical max, you can have a stock go 100% up, 200% up, hell 1000% up if something major happens, but no stock could ever achieve what bitcoin has achieved and no stock has the capability of being "unlimited" in the sense that bitcoin could "technically" worth more than all the money in the world combined.

I am not saying that will ever happen, it looks as impossible for it as to stocks but when we talk about technicality that is seriously true that bitcoin marketcap could be bigger than ALL of stocks combined in the world, we have already seen it at around 1/10th of all USA stocks for a while, with bitcoin going over 65k, we could have it go over ALL USA stocks as well, quite possible if you ask me in a longer period of time.

And after you made this thread, everything is in line with your predictions of bitcoin reaching 8.8k, good observation.

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the hope is of course no more bad news.
and bitcoin continues to rise until halving is finished and will continue to break the highest price. if that happens, everyone's hopes will come true