Bitcoin Forum

Bitcoins all time high of this year is all set to stop according to the indication, there was a massive pump from the last week which crossed $800 in a week was really amazing from BTC. Here I will share a link where it clearly shows that BTC won't go beyond 11k. Guys kindly share your thoughts.
https://www.newsbtc.com/2020/02/13/bitcoin-wont-surge-past-11k-just-yet/amp/

Many people and so called experts predict many things but usually they are wrong.
We can analize market and try to predict future events but we have a lot manipulation in the crypto market and in the long term nobody can predict 100% what may happen.
Also,  we have a lot young users without experience in the market and they often act emotionally in the market and sell without profit.

Just yet, but in the long run we will surely go beyond that level. We can't be sure that in short term we can reach the level of $11k but as I can see on its current trend bitcoin is doing its best to reach the walls, and trying to break that. Don't be in a hurry the article says slow down and stop rushing, this year can still be a good bull for the market and bitcoin, there's no all time high yet for this year, more months to go.

are you serious about this thread?few days ago you made this other thread tackling about Bitcoin may reach $100,000
https://bitcointalk.org/index.php?topic=5225075.msg53819518#msg53819518

and Now here bitcoin won't even surge to past $11,000?

mind to tell us if you are Bullish or Bearish towards bitcoin?because you are creating Thread contradicting each others.

and also why not try to check other sites than that one?so maybe you can find more sensible topics .

what indications? some idiot posting nonsense in places like twitter is not an indication ;)

this was very funny... if you think a tiny 4% rise is a "massive pump" then i think you'll have a heart attack if you ever go to altcoin market and see a real pump.

"clearly" it is just nonsense that is repetition of what was said not so long ago when price was below $10k. basically you can change the numbers in that article to $9k and you can see the same article that was posted saying the same thing about momentum, drop,... with the same lines on the chart!

Everyone can use our own indication and made an analysis from it, so we expect different opinion from different people.
Remember that we are investing and taking the risk so it's nice to believe on ourselves on how we analyze it.

There are experts or so called experts who tells a different story but we don't have to believe them.
me, personally I believe that days from now bitcoin will easily breach $11,000... its gonna be hard for doubters but not from us.

My thought: Price doesn't matter. The technology does.

Of course it could the question is when would it happen,
We have seen the market has been growing this week so maybe it would only take some time before it goes beyond $11K.
Besides we still have too much time before the halving and for sure it would still grow so be patient and wait for it.

1. It doesn't matter if it won't surpass 11k this year. It will in some of the following years. Patience is the key.
(Also this means that the title is misleading by missing the "this year" part).

2. If, on the other hand the price will surpass 11k, then it's "just a small mistake" and nobody cares as long as the news was clicked by enough people.



I tend to believe that 11k will be easily surpassed this year. But even if it won't, it's not a problem. The current levels are already great.

No problem at all if bitcoin cannot increase more than $11k because I am sure that bitcoin will break it in the long term. I am okay to wait for bitcoin to raise more than $11k, and I don't mind if the price cannot increase to that price in a short time. That will give me extra time to make more bitcoin from altcoin, and I am sure that it will also help people to get more bitcoin at a low price. Bitcoin price itself will increase if the time to grow is coming, and if you don't use this time to buy more bitcoin or make a profit in bitcoin, you will regret it in the future.

What if the price surges above $11,000? What will be the so-called experts are going to say then?

I'm not seeing a massive pump, the price is going on a roller coaster ride, it will go high follow by a price correction, so by definition it's not to be considered massive, actually a 5%-10% daily can't even be categorized as a pump.

As for the link you posted, just another crypto related website who just create article for click-bait, don't get yourself to believed those garbage.

Not achieved this year, yes, I agree, but not for the next year. After Halving I was very optimistic that the price of Bitcoin could reach 11k or even higher. They are always wrong in predicting prices, but with experience you can read how the future price.

I agree, Altcoin market pumps a lot that it exceeds beyond our expectation, If I were asked, I cannot consider the pump as massive for the time being, But the pump were large enough that the impact of it vibrates a traders portfolios.
 
The real MVP!

https://i.imgur.com/nLKvYSv.png

I think the best thing to do with this is to see the results rather than always predicting it.
Predictions become predictions because it is just a prediction and Bitcoin price is unpredictable, I know you get it right.

In cryptocurrency, the prediction doesn't really work even you have a strong indication of the price. But you have 2 options as a human being. Becoming an optimist or a pessimist. Being an optimistic person doesn't mean you are predicting. It's just a matter of hope and its contrast, being a pessimist is being driven with negative thoughts that they consider reality. You make your choice. Invest as much as you can if you believed in Bitcoin. You will never know sooner or later you have been profited as to what you have invested beyond your expectations.

I think it could make it beyond $11K just look how much it already manage to go up.
If this continue to go as it is right now then we would only need a couple of days or weeks before going beyond $11K.
And we couldn't really predict the market it moves unexpectedly so maybe it could go up way more higher than $11k or drop down again below $9k (But seems to be impossible right now).

You may have heard prophecy stories from Mayan tribes and the media around the world, which say the end of the world happened in 2012.
This is almost the same as the story released by other media and the site (newsbtc.com). $ 11k

There are hundreds of bitcoin prediction news out there, all bullshit.
If you focus on news sites, friends, maybe your investment in Bitcoin, is a disaster for you.
Not based on trading knowledge, analysis, charts etc.

You must have mature principles and attitudes if you invest in crypto like Bitcoin.
You see the price of Bitcion in March 2019 and now in 2020.

So stop bringing news sites that are not clear about Bitcoin.

I hope that bitcoin could reach $11k before halving ;D

So after bitcoin halving, the bitcoin price can reach another highest price, and who knows, bitcoin price can slightly move to more than $15k. If that happens, we will go to make a big profit again, especially if we can buy bitcoin below than $9k.

People now are waiting for bitcoin prices to hit a higher rate while they still buy and sell bitcoin to add more profit. We can also try to trade bitcoin to make another profit too like them.

It's likely to be reached before that date.

We're just a few hundred dollars away from it so don't lose hope. But it's more exciting and thrilling to see the next thing that might come next to bitcoin.

2017 was the best year so far but I think 2021 has more to offer.

I will never believe in any predictions this year. There are too many predictions and all is wrong, bitcoin will continue to grow and its price will certainly surpass 11k before May. I am waiting for halving to happen and this time will be the same as the previous 2 times. Bitcoin will create a new ATH

I disagree, I believe we are already in the Bull run because, even if the price of Bitcoin decreases sometimes but, eventually it would again pump or leap to prices that surprises us like for example, a bit earlier the price of Bitcoin goes down to $10.2k and again eventually it goes back to $10.5k.

It is not impossible to reach the $11k bracket, it is only february but, we are already halfway from it.

There are too many predictions this year but I'm glad the experts continue to do the analysis and then share in their article how bitcoin growth will be ahead of halving.
But for me it will be easy to continue to surpass $ 11k in this dean's time or it could be this month that bitcoin can touch $ 11k because of what is impossible for bitcoin.
Before bitcoin grows again we are definitely ready by holding bitcoin and also to await future growth.

For me at this point, i think no one actually knows what price bitcoin will surge or drop too.
Everyone is nerely guessing and suggesting.

The bitcoin halving is very near, and ir sparks hope to bitcoin, why would anyone doubt a bull run?

NB: dyor always and remember that nobody knows it all when it comes to crypto currency

what ? what the f . man , while everyone else are saying good stuffs on btc  , you here are not agreeing with us but its okay if thats what you think i will still accept it   . every one is free here to say what they want  .

 anyway nice article  . i just visit the link you posted and i see  a detailed info with graphs although i feel a little confused on those stuffs becuase im not really into trading and investing  . still enough  to convince me and others that thier prediction is somewhat true  .

these days it seems like most people are expecting a very small drop possibly back to $9k or something like that so they are all spreading a lot of FUD to capitalize on that possible opportunity since most of them haven't bought any bitcoin yet since they were foolishly waiting for a big drop before this rise began and now they are again foolishly waiting for another big drop while price keeps rising...

what is disagreeing with you is the same decision from my mind, in crypto it is likely that it will always happen.
bitcoin is currently moving towards a good direction of improvement and continues to grow, even if the downtrend had the upward trend will exceed when down. so I also agree with your belief that bitcoin will surpass $ 11K.

Sorry, I don't agree with this prediction. This is another kiddie prediction in my view. Bitcoin doesn't follow anyone's prediction! We just only can expect, nothing else. Bitcoin price is going to 10300+ USD, the next target is 10500 and then 11K USD  will come and it can happen even in this month. So, this prediction has no value, honestly, I stopped following all the bitcoin prediction because I don't care them when I know holding bitcoin is a great idea.

As I always say, we can always speculate about BTC, as much as we can (and it's funny), but even analysts make mistakes, and they make a lot of mistakes.
I believe that BTC will surpass 11,000 dollars, even 12,000. After all we are almost reaching a very big and important event for BTC, which happens only a few times, so we have plenty of reasons to believe that we will reach a higher level this year.
I will be worried if we cannot easily overcome this barrier with such event

This is only just another market speculation... If we could say that Bitcoin won't surpass $11k this week it really near to possibility but if we are saying for this year or even this month, maybe we could make it. We are already at $10k plus, a few more steps to go to reach back $11k and it is quite to see that the market keeps soaring high as it closes to halving. This is will be an indication that we gonna have a huge market jump this year...and I consider this as a Bullrun already.  ;D

https://www.coindesk.com/price/bitcoin

Lol, good catch on that one and good point also.

Anyway, that whole "surging past $11k" thing makes me a little bit antsy, because I'd rather bitcoin get there relatively slowly and preferably with some bumps and dips along the way.  Seems like bitcoin shot past $10k pretty quickly and while I'm happy to see that level again, I have 2017 fresh in my memory.  Hell I remember 2013-14, too, but I was just a bystander at that point who was marveling at the Mt. Gox failure. 

But yeah, we could hit $11k soon.  I definitely would not rule that out.  But since I'm not looking for a particular price to sell at, I'm in no rush to get there.

Bitcoin in one day can certainly go over 11k on a rush the question would be if it can sustain over 11k.  Each thousand dollar increment is going to have its challenges staying over.  First you have people from 2017 that will start to be able to break even, then you have the people who bought in the 4-6k range recently and will be taking profits out as well.  The 10k-20k range is going to be a struggle I would imagine.

Right now, price is at around $10.1k for example, closer to $10.2k , do you really think that when price moved from all the way down from 7k to now today over $10k, it can't just go another 800 dollars? That would be less than 10% increase, more like a 7%-8% increase to reach there, I doubt the price could move 40%+ in 1.5 months but then get stuck at the last 8% increase.

I am not saying it will definitely break $11k and even be $100k or something like that here, but the idea that "won't" past $11k is a bit weird since that is the more likely thing to happen compared to price starting to go down suddenly without any reason at all. I can't believe people who think the reversal of market movement is more likely than the current market movements because they feel like it.

Didn't opened the link, from this statement alone I can tell you and that link to the article are all bullshit.
Please mention someone who can predict the price 100%.
There's no clear predictions, all of them are mere wild guessing that doesn't happen 99%.
That kind of mentality shouldn't be here in the first place, you're just wasting the opportunity.

Actually we cannot eliminate people with bearish minds as they are also correct when the market is bearish and wrong when the market is bullish.
What we are seeing now is that people have freedom to write what they want and they don't expect that everyone would agree just like us, we can't please everyone so some would also disagree with us.

you know what, only the market can tell us, if it will past $11k then that article is wrong, and its writer.

The article does not says that the BTCitcoin market will not cross the $11k valuation but it says that there is a major resistance at that point and that is the case with any market and if the trend increases and we see a huge inflow of funds then it will easily cross the resistance and hence it is not a big deal and you cannot really predict when the resistance will be broken but with the halving coming up i am expecting the market to gain momentum in the coming months.

I am not interested in if bitcoin surges past 11k, i see bitcoin as king. And as a bitcoin hodler, there is no reason to speculate, imagine or be worried about bitcoin price.
Bitcoin will still go back to 20,000$ and over, and i am willing to wait until then.

Predictions, analyses predicting a dump or a stunted growth for bitcoin is nothing but personal interest.
Steer clear of it.

Exactly.

I would like to add that price of Bitcoin is now increasing for almost straight two months. At some point correction is needed. Normally should already happen but now we have a lot of hype because of halving.

Many predictions and most of them very positive, some even exaggerated. Every time when price is in positive mood people serms to forget volatility and that Bitcoin price can move in both ways.
It's possible that Bitcoin crosses 11000$ or even more but maybe this is not going to happen so soon as some might think.
I'm more moderate in my expectations and I think the price is going to fluctuate for a while and stay somwhere in the range between 9000$ and 10000$.

Volatility still exists and it was found to get stronger by now and so we could expect price fluctuation but this will not be a reason for stopping Bitcoin price to rally more and even surpass $11k in a very short period of time (possible). Yes, it was acceptable than some of us here are not yet convinced of the rallying price instead, they are still thinking for a trap or short dumps that may happen anytime. But this never weakens up those people who are really in a positive mindset cause they believe that Bullish will come this year and end up the bearish season that we have struggled for 2 years.

In early February I made a technical analysis on a local board like this my TA:
https://i.imgur.com/7E7QwPC.png

In my analysis I say, a conclusion.
If BTC / USD trades above the key point then the highest potential price of Bitcoin until March 1, 2020 is $11,305.
If BTC / USD trades below the key point then the lowest potential price of Bitcoin until March 1, 2020 is $5865.

With a note from last February 1:
Total Market Capitalization: $253 billion
Bitcoin Market Limits: $170.11 billion
BTC Domination Index: 67.15%
*Data by CoinGecko

Of course today is February 15:
Total Market Capitalization: $302 billion
Bitcoin Market Limits: $188.10 billion
BTC Domination Index: 62.51%
*Data by CoinGecko

We see a change in total market capitalization showing a significant increase, considering that February is still two weeks away, I am pretty sure that the highest resistance for this month is still possible at $11,305.

How come we can call it a resistance already with just days that had passed by?
No, it ain't that long yet.
Maybe for a month or a couple, then we could call it that way.
It just hit the 5 digit mark and there is no telling where it will go.
I am still betting at 14k before May. That is the rightful price for me, then we could call it a resistance afterwards.  ;D

We can believe each prediction we choose because it is our right and besides our money is at stake hear so no matter how good one said?Yet there will always be contradictions.
For me i dont care about the predictions because i rely on what can Bitcoin gives us in future because no matter what we expect now?it is the future price will gives us profit.

The author's prediction was actually 100% right so far. He only forecast a dip to $10,100 (the market hit ~$10,080 yesterday), then he expected a run towards $11K.

I'm actually slightly more bearish than him. I'm expecting sideways or down for a few more days. $9Ks are possible. https://bitcointalk.org/index.php?topic=5140701.msg53835817#msg53835817


Nobody. By the same token, nobody should expect perfection from technical analysts. Markets are inherently unpredictable so we're operating off probabilities at best.

you mean to say that you only believe on the current situation and not by prediction ? well that is good because you can easily accept what happen or what price btc gives to you but for those who mainly relly on predictions they can get easily upset if something they feel isnt right  .

me ither im like you , i dont care whatever the price of btc ends up but if i were to choose between up or down , i will prefer for btc go up because  this can give me extra juices  .

The Bitcoin price won't go beyond 11K in the next few weeks,but I'm optimistic that it will go beyond 11K USD after the halving.The problem is that the "FUD army" will wake up sooner or later and it will start another negative propaganda campaign against Bitcoin.This happens every time a bull run occurs and there's nothing we can do about it.The BTC price peak of 2019,which was somewhere around 12,900 USD will be reached again in 2020,but the 2017 ATH (19K USD)will never be reached again.

I think it could be possible to happen we know that everything is possible so why should we doubt it?
The price could climb up instantly so for me it is possible to happen even in a short term.
But we couldn't always expect things to work as we planned .

Dont easily believe those predictions because it has no concrete basis to begin with plus bitcoin's movement is unpredictable.

Instead of thinking for others view regarding the price it would be better to have your own analysis and see for yourself if the value has a possibility to increase or not.

Anyways anyone can express their own prediction and its up to us if we're going to believe what they say, for me it can be treated as guide but will not rely my decision on it just because they speculate that it might happen in the future.

I think as long price not dumped hard, me personally already ok with price for now. If it can increased again, i will be evry grateful. I think that is something that i can do now especially only small amount of bitcoin holder, so no matter what price i will keep support it.

I have a different opinion, in fact, I feel that this month, the price of bitcoin can be higher than $ 11,000. however, the highest price this year is almost $ 11,000, and I think that will be easily achieved if we look at the price of bitcoin which is close to $ 11,000. if the price increase continues, I don't think it will take a long time until we reach that price.

OP is only shaking the forum with His thread that contradicting and only taking articles from that same site as what i have mentioned in my first post so I believe that he don’t really understand what he was posting here but only to have something in creating thread and putting comments.
And also why do we need to believe what he says when he doesn’t  have own idea what he is posting here.

Bitcoin prices will increase again, and I guess that the bitcoin price will break the highest price before. But we need to satisfy with the price now, and it is a good time to buy more bitcoin because now, bitcoin price down and touch $9,900. But I don't know if bitcoin prices will go down furthermore because we don't know what will happens later. We could only place a lower order buy so we can buy more bitcoin amount, and wait for a while until the price can back to the higher rate.

Theres alot of fair reasoning for 11k area being an area to hesitate, most easily explained by the prices from summer 2019 where these levels were some support before we descended lower.   Now its a ceiling to any aspirations and a place that confines us and probably sends us back below 10k even to check support before trying higher.

https://talkimg.com/images/2023/06/12/A9Loc.png

I think we are already on our way lower, there were some hints previously and while we waited the momentum and averages caught up with us.  Both 2 day and weekly are overhead now and need to be proven before we can say price action is positive.   So if not positive price probably will take time to resolve and digest previous gains, at best neutral but in price only it can be seen negatively just for now.

I still believe that the market value will still be able to pass the $11,000 mark before halving. The market price at this moment is not yet showing signs of huge downfall as halving approaches which I think would continue and be consistent at that point, for now. Given that we are still on the $10,000 mark, such market price is not that far from the reality, so maybe, waiting and being patient at this moment would be advisable.
The only that makes people worry about it, is the sudden movement, but if I'm not mistaken, it is just on the redmark but is not drastically falling. Maybe next week, it will again be green.
Doubting is normal. It would be helpful in order to not jump into conclusions and make absurd assumptions.

 Considering bitcoin is a volatile product, it could move beyond 11k and go below 9k right after that, it could go to 8k tomorrow and still go above 11k in a week. All of that kinds of moves are possible because we make it possible, we are the ones who buy bitcoins and sell bitcoins, there is no secret illimunati thing going on, they are all done by literally us, we could literally check out how much is sold or bought everywhere on exchanges that drops the prices or increases them. Sure there are whales with a lot of money and coins that can change the prices a lot more than any regular person can, however they do not have limitless power like fiat currency, if people go against the whales and they are big enough combined, they could totally over power them.

Never assert anything in this market, anything is possible. And for me, the price of bitcoin can exceed $ 11,000. This is a very low price for Bitcoin so it will easily pass in the next growth, my goal for Bitcoin is that it will surpass $ 15,000 this year.

Really they can say that if we are in the month of December and Bitcoin has not yet reached the $9500, they don't even consider that this is  the year of the halving, the market is very volatile but we don't undermine the capability of the market to rally in just a short period of time and we have seen that happens so many times in the past.

That article has really a good point why bitcoin won't surge 11K USD or beyond and I agree with that. All I wanted to Bitcoin at 10K USD within February and it happened faster than my expectation, as usual, we are expecting 11K, 12K USD now! But this time Bitcoin will go lower zone once again and I think before the halving Bitcoin price won't cross the 11K USD zone. It has a 60-40% chance to do that. Maybe Bitcoin will take time for correction and after the bull run, the price can go for a new high price. All of these are possibilities as no one can ensure you what gonna happen next in Bitcoin!

Why should we care about  this correction if even the article that OP is quoting is saying that it's going to be a short stop on the way up. Focus on the technology and the events like the halving that will inevitably take us higher. It can be this year or next year but it will happen and this is what matters. You don't always have to get everything all at once ;)

For now this prediction is coming true but we all knew that 10 thousand will be a strong resistance. Keep holding!

Well, I am completely disagree with you despite there is a crisis in the market or a little correction. Plus, stop believing  these kinds of news from the social media because most of them are absolutely false or fake, they are just want to control the traders. Otherwise, I feel that Bitcoin's price will reach $ 11K in the first day of Mars, but there is nothing predicted in this field, the surprises are always occur, we are just need to deal with any  bad situation  with the right plan.

We have nothing to assured of for the next days if the market will still be rallying well or not. In fact, we are falling back to $9,600 in the past days...it is quite to see that the market is still struggling to maintain its momentum and keep the straight line going up to appears. Though it has to believe that halving could contribute a lot this year but still, we can't be sure that we can reach for another high this year. $11k it reachable for sure and I trusted Bitcoin that could get that but if we are thinking for $20k...the possibility is not clear.

My thoughts is that bitcoin will not succeed as a currency, and be accepted by merchants worldwide, while the whales have freedom to steal money from the small traders. As simple as that.

It has already succeeded because it's already accepted in some countries, and other countries already have a regulation on crypto.

You are wrong with what you believe, the game here is based on the supply and demand and it so happen whales have big supply in their hands so they'll take advantage on their position, there is no stealing on that because they haven't violated any law.

You just have to accept the reality and you'll be okay.

More predictions on BTC movement.... really?  ;D   people won't get tired of these speculations...
I have to say that I have already thought that BTC is not showing strenght to go much further on this run, but past experience tells me that the BTC market makers do not always behave like the market expects...
And I've seen another analysis where the "guru" says that if it crosses 10.500 we are in for a true bull run.... so if this other guy says that it won't past 11k...

We can wait for that while we can prepare if the price really gets down deeper. Yes, people will always want to read more about the speculations from many "guru" because they think that they can get more information to buy more bitcoin if the price is down. Meanwhile, after the bitcoin market got down yesterday, this day, the price can back to $10,000, but we don't know if that can trigger and moves the price to the high price. But we can hope that this week or next week, bitcoin price can break $10,500.

Predictions after predictions, analysis after analysis. Everything doesn't matter anyway and does not correlates the market condition and everything is just a mere wild guess out of thin air. Though, all of this can change the market sentiments and the price would flow to the direction that this speculators wants it to go.

Anytime bitcoin makes a bull move or increase, we have the speculation table shaking. In my own expectation, I believe bull year is here. I'm going to wait for deep to enter a buy and hopefully, the halving period with turn around the bear signals flying .

The price has recovered to $10,000 which made me believe that the next uptrend would bring bitcoin to $11,000 and I am also optimistic that it's going to happen this month. Bitcoin were stopped when it reached $10,400 (which is currently the highest this year) so I think we will go higher and that next landing would be $11,000.

and look at the OP's Post History he had posted once that Bitcoin may Hit 100$k and now the wind changes and he is talking about the fall of Bitcoin lol.
no doubt because Bitcoin now is near in halving so whether we want it or not Bitcoin will Hit the hype this year,and even how many of this talks right now?still i believe that we will pass that 11k$ before halving.

It looks like there has been some sort of stagnant process right now and I could potentially understand the fears of people when they see the price going above 10k and why they sell it. The psychological realization that bitcoin is not at 5 digits is actually scarier, and even if it is 9.9k to 10k there is a huge difference in people's minds which is why there are lot of people who sell their bitcoin when they see the 10k mark.

Plus, if you consider how many people have bought bitcoin from the moment we dropped under 10k (not now, the first time after 20k peak) and to this day, there is a lot of accumulation that needs to be corrected in order for us to above 10k without any problems and that will probably take months before we can say it is done, there will always be some people who sell those profits after we move beyond 10k price, even if we reach 15k one day. 20k will be even harder if we can reach it one day.

They were right. Nine days latter and we still had not passed $11000. Growth was to strong for to long. It was two full moths. Bitcoin need a pause. I am sure before halving there will be another push up. Over $11000.

The majority of us here are very optimistic and positive about the possible things that will happen this year. And thinking for $11k is not reachable, sorry but it was just low in IMO. In fact, we are nearly capturing that amount and a few more pumps we will break it through.

This speculation seems to drag a doubtful person to sell their coins early and start FOMO. And I don't think we need to consider this one knowing that we can even surpass this and holding our Bitcoin patiently won't mean helpless but of having a good result in the coming days. We are already having a positive response from the investors and many of them are coming back after a tragic decline in the past year. With these new changes and the upcoming halving, we can expect a bullish, not a drowning market.

Technically, all shows that it will still move upward and that makes me have a different opinion. Among other things that will make it surge pass 11k is the halving that will happen around the month of May of this year

The chances of it not to happen is 5-10%.

Yes we declined these past few days and we are not at the $9600 price right now but the 11k mark is near already. Many are expecting that as the halving is approaching, the price of Bitcoin will still increase. I also believe that the correction that we experienced right now is a healthy correction and the $10500 price which is the highest that Bitcoin reached is the psychological support and those traders sold their Bitcoins at that price. Still though, I don't want to expect too much on Bitcoin. I'd rather expect a good development from its technology.

True. A lot of people are negative about it, but much more are actually expecting for it to exceed the ATH we have right now. Even if it wasn't this week or the next, the closer we get to the halving, the higher the chances of it actually making it past $11k, what with all the FOMO coming out and investors trying to get in and get a share of the pie of what is called BTC. Additionally, the price decrease recently was, IMO, a correction. It surged way too smoothly from $8k after all. It would have been weirder if it actually pushed through straight to $20k at the pace it was going last time.

Negativity has always been in bitcoin, I remember 5-6 years ago people have said that bitcoin was literally dying and would never go back up after the whole 1400 thing. We peaked at 1400 and just because we have dropped a bit in the price everyone suddenly start to think that bitcoin would never go back above 1000 dollars and so forth and there was a lot of talks about what will happen to bitcoin etc etc.

In the end we have peaked at x20 of that with 20k which means good things could still happen even if we are in the bad thing now. If we didn't give up on the 2018 horrible crypto winter that basically killed hundreds of coins and injured all others, we are not going to stop now. 11K will happen, it will happen very easily as well, that will not change forever.