Bitcoin Forum

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

No. Did you see how bitcoin price goes on a wild swing this month alone?

Went went as high as $10,300 then go back down to $9700 then recovered and bounce to 5 digits again.
But look at the current price, so there's no such thing as steady price, because it is only one of the best speculative asset, everything is based on speculation, it might trade sideways on certain levels, but having a steady price? it won't happened.

Not safe to assume at all, Bitcoin is currently in a very volatile phase and it could either break up or down.

Right now, I am starting to suspect it will go down, since practically the entire cryptocurrency market has struggled for the paste week, after a month or two of solid growth.

Short term losses are likely on the horizon, but we'll probably experience a strong bounce after that.

The market still in the range between $9k-$10k, we can't find it steady over that $10k in the past 2 weeks. Though there is a time that we hit more than that but that was short and it drops again.

It is something we need to think that the crypto market is still volatile and anytime soon will make a huge pump just like $15k but we couldn't expect that it will stop there instead, we could think that similar cases will happen again and declines will follow. We can't just say STEADY because it is impossible to happen in the market like this.

It's still pretty new, steady is quite a few years away...

$10k with a $210bn market cap is pretty low for what most of us see it reaching. As said cryptocurrency is a volatile asset, it can swing up and back down. We were about 95% likely to rehit 10k based on my analysis... We could've said the same about $6k being a natural level, and then 4k and so on...

You gotta get used to not having a clue as to what this market does some days...

I doubt it very much, most likely, Bitcoin is just in the time period when it is relatively stable and is consolidating at new levels, after a recent growth. So, I would not say that bitcoin has reached its limit, there is still a lot of room for growth.

Steady price?
This one isnt applicable here on crypto sphere or specially with bitcoin.Price had always been volatile and its sure that it wont stay up on a particular level like forever.
We have seen swings of prices for the past months up to recent which do simply signifies that movement is unpredictable.We might see its consolidating or moving sideways
but doesnt mean that it wont pump out in a blink of an eye.

Steady price is not on bitcoin's vocabulary. Hitting five digit is more of a mental barrier, so capping at that price is just the start of a wild swing. So I think everyone here agrees that bitcoin is not going to be steady, not that when there is FUD around, or even exorbitant predictions by those so called experts. That's why we all love bitcoin, because everyday is very different.

I never heard that Bitcoin will hit a steady price as the price is always volatile every time. Look at the current price, it was below $10k, right? This means the Bitcoin price is unpredictable and never stable. Who knows this will continue to $8k. So, it is clearly unsafe to claim that Bitcoin's price will be steady at around $10k. Be careful, mate!!

It will be back there soon.

It's dropping and touched $9267. It could retouch $8900 anytime now if the drop continues. The logic is of how quick it drops, can also quick in hops and vice versa.

There is no such thing as stable in crypto due to it's lack of organic volume. Most of trading volume is due to wash trading of bots so there is no real strong price support/resistance.
Bitcoin ATR is ranging from 450$ to 330$ using 14 days period. So it means that the price dance up and down on that range therefore there will no stable price at all.
Unless BTC ATR go below 50$ then it's safe to say that BTC might hit it's stable price.

We are currently on downtrend and probably will visit again 8800 to 8900 area.  :'(

Capped is a pretty naive term especially when you consider how volatile Bitcoin is. We don't even know how large Bitcoin will be capped in. We can go as high as $1,000,000 if fate decides to pull it. Remember how we reach $20,000? Though I don't think that we will reach all-time high soon enough. I'll probably happen this 2021 which is the year of the 4 year cycle bull run.

Capped price is an overstatement. We have had price plateaus in the previous years and were much worse than we have it right now. I'd like to call it normal price actions since even in volatile markets, you can't always expect that there will be sharp price movements every time.

Even in seas plagued with waves, there will be days that waters will calm, and so will bitcoin's price movement.

we are assuming that bitcoin will continue swing till may 2020 is coming. i've read somewhere that bitcoin price will be rise to 16k since it cost for mining will be more costly since halving comes. I only knew that when u mining u will be competing with other miners to get your hash rate on the mining pool.
This wild swing if u carefully read the chart tape at years when bitcoin get halving had the same pattern which means that many manipulators come for raising the price while they push the price to bottom at first. And if this happens, i believe just watch and see for the bottom price this feb through march, is not hurt right if we just patiently waiting for the best price to jump in.
My stance just put some alert on my devices to see if the support range is broken or not in this last week of feb, and if not happening then just wait again it till mid of march.

I think we would see more drop before it even bounce back again.
I also wish that it would be steady at 5 digit zone but I guess we are still too early for it.
We are expecting too much from halving I guess we should just wait for the outcome instead of having a high expectation that could lead to great disappointment.

well if you think the following conditions are met then yes it has reached "capped price"
1. has bitcoin reached mass adoption where it is used all around the world by nearly everyone
2. has bitcoin's adoption stopped meaning everyone already knows about bitcoin and all those who wanted have adopted it and there won't be any more adoption

in my view it is obvious that not only neither of these conditions are met but also we are so far away from reaching them.

Do not make a decision quickly can not confirm it all, you can see the price of the day 26 February 2020 at the level of 9000$,
from the price of 10000$, the price you mentioned.

I can advise you to monitor the market where you trade every day, before making a decision to buy and sell.

There is no 100% correct prediction, you have to see market developments every day to start investing.

The nature of bitcoin, like other decentralized cryptocurrencies, is such that they will never have a more or less stable price. Of course, the time will come when Bitcoin may not increase significantly in price. However, this time will not come soon. It will take more than one year for this. In addition, while no one knows what price heights it will rise during this time. I doubt the predicted space prices for bitcoin, however, in the next decade we can only fix its price ups and downs.

you have posted this while Bitcoin price starts dumping?i mean look at the price now https://coinmarketcap.com/ the market capitalization is Down with 20 billion more or less?this is the sign that we are not going to be stable at $10,000 instead the volatility will continue showing up its power and being uncontrollable .
let us just Hope that after this Pumping season will start and make another history this year because of another Halving coming.

You can assume that, but if you check on the market, the bitcoin price is not stable. Perhaps, we already see the bitcoin price was steady at $10k before, but now, we see the bitcoin price is steady at $9700 price range. But it will be back to $10k soon, and there is no need to worry because bitcoin will increase again. It is like bitcoin adjusting the price before the price can rise to a higher price, and if we check at the history, the price will be back to the higher rate. But we don't know how long this situation will be like this and we need to be patient to pass this time.

A professional cryptocurrency trader won't have this assumptions based on the current market condition. Although the price looks stable at this rate but it keeps breaking some certain points as well as dropping. The market cap also shows that there's more growth approaching the bitcoin price, this price trend might be a ground breaking one for the next huge rise in price, which is why a good investor shouldn't be making up his/her that bitcoin is hitting a capped price of 10k$.

As of economic theory bitcoin's price will increase due to the halving event that will occur in the mid month of May. Most probably it is down right now because of the unexpected rise it get early this month and so many people sold their to get an early lunch. Although it is not certain for the bitcoin halving bitcoin to make its value increase. I'm positive with the upcoming halving, I assume it would skyrocket right after and will continue after a month. I expect a $17000 for 2020's All time High still far from the $9000 current price.

It makes me laugh how the Rekt Capital predicted the price of Bitcoin above $100,000. Very optimistic isn't it?

Bitcoin is made to become volatile, there's no way that it can become steady like most of the stable coins do. not because the price has never been down or up in the $10,000 mark, it means the price can assumingly be that way, no!
As you can see today, we are heading down again and this is the nature of Bitcoin. Another day of riding the roller coaster without knowing when will the price rise up again.

When I saw that a hacked on BCH happened, I already expected for a further downside within the next days and it really happened.


TBH, another opportunity for us to accumulate more Bitcoin :D. You can't use the word "steady" with Bitcoin because we know how volatile it is already so this is a no no already. There is no "safe" too here since anything can happen so the capped price of $10k is somewhat irrelevant and we saw already the market going down including BTC>

What is a capped price? Capped by what? Demand?
There are 2 important factors that make it impossible for bitcoin to stay at a certain level or a cap as you call it. The first one is very small adoption and recognition. In many countries only 10% people have heard of it and even less know how to use it or have transacted at least once in their lives. Go to your school or workplace and ask to see how many people know how to send and receive bitcoins, you'll see what I mean.
The second factor is mining. There are millions of dollars in Bitcoin being sold on the market by miners who need to pay their electric bills. This will always create a downward pressure on the price, or at least until there's almost no coins left to mine.

What's steady price? Like stable coins price?
I don't think Bitcoin will reach to that point where the price becomes stable (not atleast until the last piece of Bitcoin is mined)
The very volatile nature of Bitcoin is what makes it a most profitable investment among the other forms of investments, and that alone is the indicator of a healthy market.

Certainly not, the price was in the $10k level but suddenly made a huge dump dont know if this due manipulation or maybe the effects of global crisis like wars and viruses. I even thought it would break out to the upside cause it was steady holding 10k and made an investment. But bitcoin surprised me once more.

Maybe it's still to early for bitcoin to be called a safe haven.

You are entirely wrong about your statement, there is no steady price of bitcoin as it is a vulnerable currency meaning it can increase any moment or decrease any time. As of this year the bitcoin highest price is more than 10k then it decrease slowly because of unknown reasons and is currently sitting at 8611$.

Other are predicting that we can hit a new ATH record of bitcoin this year therefore having a capped of (i.e 10k$) is definitely in correct or not safe as the price can easily increased if the demand will skyrocket in just a short period of time. The halving still incoming meaning there are still plenty of opportunities for bitcoin to bounce back.

The amount of sales that are too high has made the price of bitcoin a dump. A few days ago the price of bitcoin was at the sideways level which is actually a sign that there will be a big change between pump and dump and it is true that the price of bitcoin has now been discarded.

I have seen it several times when bitcoin prices are sideways and when changes occur, traders must make a cutlose if when the price become to dump or sell it when the price breaks the resistance level or resistance breakout.

what is steady price $8k mate?since that is what the value now compared 3 days ago when you asked this question.i don't know if how low we will get until this month ends and starts the new one.

but it is absolutely NO if you are asking about steadiness of price ,looking at how market swings this 2 months alone of 2020?you will see that we are not having a stable value at least not this before halving time.
maybe we cannot really expect steady price mate specially in Bitcoin that being a model currency of volatility,it will move each time for sure.

 I don't think it is that way. As you can see it was hard to hit up $9,000 again as of today and was trying to climb up but still failed. I just hope it will gain more strength to fight the bear since bear is really strong for now. The steady current price is at $8,500-$8,700 and some are trying to say that btc will reached down $8,200. Well, i hope not. But according to my TA, too it is possible to happen.
 
 Let's just focus on other opportunity while this market is hard to predict. Aiming for steady price is really impossible, OP.

Hitting 10K$ just matter of time.For now it's not going to hit 10k$.if you see the last 2 days charts, you will see that market is bleeding.Maybe this time btc price will be stable in 8500$.second week of march we we will see btc price 9k$ again.I think btc will cross 5 digit number again in last week of march or 1st week of april.Even it can be before,also btc reward halving so 10k$ is easy for bitcoin.

I don't think so. It is right that bitcoin already hit $10k, but unfortunately, bitcoin cannot still increase but only get down. And now the price is down for more, and we see the price reach $8700. We don't know when bitcoin price can increase back because it seems, the bitcoin price is hard to grow at the end of this month. But we have a new chance to see a bitcoin price increase in the next month until before the halving time, so when the halving time comes, we can hope to see the bitcoin price can increase more than $10k.

We are not getting to that situation for sure. Even though we are able to reach $10k but we can't expect that we may stay there for long but rather to expect pumps and dumps will usually happen along the way. With this volatile market, you can't think of having a steady market trend coz it all comes into regular price changes. In fact, it isn't new to us and we already knew about this since before.

Whether we like it or not, the market will stay like this and for the coming years.

how i wish it is now mate but it doesn't because few hours after you posted this?the market start to fall bad and now we are in dumping stage again.

Bitcoin price falls to $8000 level again and there is no sign of returning back near,it seems that we are going back from the beginning of this year when the value is still $7,200.

if my speculation is correct we are under correction and may see another fall before totally goes Up .so holders keep holding and wait for a chance of buying again soon.

Steady price? Nah, I don't think so. I haven't heard of any coins having steady price most especially bitcoin. The price of bitcoin in the market is still a good price although it dropped from 10k, I think that is still not the limit of the hype price of bitcoin. It's just a warm up (I hope so). It will rise up again as the halving month approaches.

Theres no such thing about fixed or some sort in relation to the price.Its always been volatile and as said it might be stable or less moving for the mean time and then suddenly it do pumps or dumps without even expect for it to happen.Its true that the recent dump wasnt being anticipated yet most people on community do already have that bullish sentiment or views towards the price since we are already heading on halving event.

We shouldnt really expect much that the price do have some fix point because it wont really happen and its been like that since past 10 years.  :)

No, the last high was $10k.

The next low will be about $5 and the next high will be about $7.5

Possibly, but maybe by the end of this year we might be able to see that price again since Bitcoin already experienced that price lately. Bitcoin didn't surpass the $15,000 yet so the odds of getting a low price like that is too high. I guess $10,000 is the highest price this year even if the halving occur this coming May there's no way that the price would boost fast after that. We'll at least need to wait for more than a month before we could actually see the sign of bull run.

Bitcoins is never actually going to stay at any rate for a long time , it will be constant for a while but eventually it will fall or rise , that is comple inevitable.

Therefore I do not think that we will be able to achieve a steady price in terms of bitcoins since , it is not dependent on any currency , it's independent and therefore it does not have an actual buffer system that will support the increase and decrease of that.

Volatility will remain for the next several years. Relative to fiat currency exchange rates against each other, Bitcoin has a low percentage variance so far, but in absolute amounts has not been very stable, at least $100 USD up and down every day.

We may see steady price in maybe the next decade or two, as mined coins will be close to 99% then. The last 1% will take a hundred years.

What do you mean by "capped price"?There's no such thing as a steady price,when it comes to bitcoin.
The 10K USD price was a psychological  barrier that couldn't resist the selling pressure caused by various factors and it simply collapsed back to 8.6K USD.No bitcoin price level can be considered stable and you should educate yourself more about the price behavior of assets with immense price volatility like Bitcoin.

Or maybe volatility will remain forever. I cannot see the price of bitcoin in any way that would be steady even in full capped. The price may move in a short or long range of value but it will never be on same place where it was yesterday, there will be a movement for sure every time. I thought this time wil be the trigger to pump the bitcoin again in $20000 , I thought hitting $10K will be the start, too unfortunate for my stacked.

Imagine if all btc was mined and still volatility rate is at high haha, it will be very playable game to join to right? I wish whales that time will become playful and merciful.

A capped price no, I don't think so, but clearly a big resistance. I don't think we can expect to see Bitcoin finishing the year above its ATH, in fact I think we'll have to wait many months to see bitcoin staying above $15000, I don't even expect that for this year. Bitcoin will certainly reach $15k at some points during the year, but I doubt he'll be able to settle above that level despite the halving in 10 weeks.

Too risky I think. Excessive expectations often affect the analysis, it is better to take a middle ground. Hopefully, but many things can change and happen unexpectedly. Just look at the price movements of bitcoin this month, quite wild, huh? unexpected ups and downs even though there are no strong news or numbers. Approaching halving is still not too significant changes in price, I hope the flash pump will come soon.

Bitcoin price can change almost every day and for as much as we all want the price to be steady it won't happen. Bitcoin wouldn't be this value if it weren't for its volatility that attracts investors and being unpredictable is already part of bitcoin nature so we can't really say bitcoin is having a steady price or price cap. With the upcoming halving we may see ups and downs I just hope it will go back again to $10k.

Not sure there will be a big pump before halving because as has happened a few days, prices may stagnate in the same range for the next few weeks, not sure there will also be large changes that are more positive because at least there are many external factors that might have an impact bad for more significant growth. That way I'll just wait and maybe there will be a more positive move at the beginning of the third quarter later, who knows.

why not ? actually its now happening  , recently the price playing at 9k to 10k usd  . this can take for a long time but i think im not ok with it    , would be more better if btc be stable at a good price range maybe 15k to 16k usd  .

  still i dont assume that the stability will last forever knowing that there are still county and people that arent involve in btc  but once all of them enter , the price can either pump more and it can also dump more harder than what we are experiencing right now   .

It is either be lower or higher for this month but I doubt that it would be stable at a certain point given that the market value of not only Bitcoin but also other cryptos are naturally volatile. Stability could only be possible if ever Bitclin would be regulated to majority of the countries. But for that thing to happen, there will be more years to come given that issues are still being faced by blockchain technology in general.
It is just stable at such point because there is an anticipated event particularly with Bitcoin halving. Investors are holding from selling at such point and maybe are also anticipating for a bigger profit once true bull run occured after the halving as what was expected by the majority.
Being patient and not making absurd conclusions would be more advisable at this moment due to the anticipated halving just like the fork before that boosted the market price of Bitcoin. It is either investors are waiting for a price increase or a lower market value for them to invest once its price become lower as the day of halving is approaching.

That is why investors should always be alert and analyze the past movement of Bitcoin to be able to closely predict what might be the standing of Bitcoin everyday for a possible return of profit. It is a given fact that we couldn't really predict what would really happen to the standing of Bitcoin in the future. Like me, I thought as the halving event comes closer, the price also of Bitcoin will continue to increase because of the investors or holders will store Bitcoin that would certainly decrease the supply of the coin.

For me, the only certain thing that might happen is a great decrease in its supply and a Bull run during or after the halving.
 

10k is a great price, its doing fine at that price.   I dont see it has to do more, advancing too far is why it has to sell off like it is now which only upsets some.   A level 10k would probably yield a wider involvement by more of the population.

We are arguably approaching a more long term average just because its in the region of a yearly average, the purple line on this chart

https://talkimg.com/images/2023/06/12/A96Vo.png

The 200 day is more widely watched and noted but if we're talking the price becoming neutralised over time then being level with a year average is about that.    It cant really be called negative overall here imo just people had hope for more gains at this point.

So from where did you learn this?are you a analyst? If not then stop fooling here becuase $5k will never happen again this year and the $7,500? No never in this season and the whole year.
The things is we almost hit $11,000 this year but suddenly we fall again this month but hopefully may take the high price again this March.

I don’t know about this for sure, but don’t forget that there was a time the price was at $6000 to $7000 and it remained stable and kept circling around these two prices until it managed to break through it after a long time before going for this $10,000 and falling back again.

So, I don’t think it’s capped on $10,000. The price dropped down to $8,000 and yesterday I can remember seeing the price around $8,300 and after that the price moves up to $8,600 and just now it has topped up extra $100 and is currently at $8,700 plus. It’s not going to stop there, it will still continue to increase and will keep going till it reaches a high price.

Yes, a five digit figure is good overall, a healthy sign that market is somewhat attracted more investors.


It is still within the range, So it's not really negative at all, we might be in a bullish divergence, but the problem is that almost everyone wanted to see more gains specially that halving is getting nearer by the day.

Bitcoin price may become steady for days but surely it will either go a little higher or the other way around. With all these false FUDS and also people panicking whenever the price go up lightly, we will never see a steady price even if we wanted to. Also, bitcoin price can be affected by various factor thus, the price fluctuates too much so to succeed we should be smart in dealing with our coins.

It's much better to keep the barrier at $8k to attract more new investors though the possibilities to fall harder is just around the corner. Weak holders are being played by the whales and if they can managed to create more dumped the possibilities to attract more selling pressures will take place. It's now between real supporters and those who are just trying to ride without proper knowledge. We will continue seeing fluctuations as nature from this industry still unmanageable to stick with the current position.

$10k has always been the prime number for bitcoin, it is the perfect "it" number for bitcoin. Right now, we have seen probably either third or fourth time that bitcoin moved beyond $10k a bit and dropped back down and repeated that. Bitcoin can't handle over $10k because when you go beyond that it is a lot easier to just start going up like crazy, breaking over $10k is harder than breaking over $20k when you are $15k.

So, bitcoin is in its "steady" price as in the price may go up $2k more but then it may drop down $2k after that and basically stay around these prices. I see $7k to $12k is the price bitcoin will be for a looooong time, maybe it will move outside of that zone for a while at most but for the next 5 years it may stay in these prices a lot longer.

I think no 10k$ is not yet the price that we wait we that price is starting bitcoin will gonna rise. But the problem is we don't know when the bitcoin gonna hit the highest price. So the 10k$ is not yet the price just wait be patience so that we can get more profit.

A $1000 difference.
Use that.

You cannot just tell where it will go so you make $1000 added and subtracted into what price you want to play it with.
Example is $10k. Make yourself think that it will move $9k-11k.
Because there is just no exact amount bitcoin will stay. It will keep on moving even in 10 more years.

I am pretty sure this halving could be a positive one in my personal opinion because we didn't saw any specific change in the market from the past two years, also if we have a look at the past two halvings I feel BTC might go up like it did previously. Well let's not hurry as you told we can just wait and see.

I am not sure it will hit, but its' been like the average price it could achieved for a year.
This is solely my own observation only, I am not using any graph or checking its price history but bitcoin is quite stable at $10,000.

Look at the price this year, we've reached $10400 before the price dump but slowly the price has been rising, so I would not be surprise to see it at $10K again, and I think buying below $10,000 is quite a good entry for short term.

Steady price is something which we cannot imagine for the bitcoin markets right away because we are still in early phase of bitcoin revolution. Steady price for the bitcoin markets will be possible when there will be at least 33% of world population adopted bitcoins. Bitcoin is trying to break its strongest resistance levels around $10,500 and for making it broken, it is gaining power by having a short term pullback toward $8200 levels. When market is fluctuating within these price levels, it may seem like it has achieved some steady prices.

Overall bitcoin market is into the early stage of bullish mode. When trend is about bullish mode, how we can expect about steady prices.

To be honest, I felt happy when Bitcoin has reached 10k lately, the value of that price is really important and a good station for the progressive of Bitcoin forward. In fact,  obviously there is not a big difference between $ 10K and $9K, it is just $1k , so Bitcoin's price can easily rise to $10K in the near future  despite the   continuation of the dip in this current period. And to be honest, we have no idea when will this current crisis end and price return to the rise.

At least in the last month, Bitcoin has been stably kept at the same level, experiencing small corrections in its price.  I also believe that on the eve of the new halving, bitcoin is at the very beginning of the bull run. And I really hope that by the end of this year we will see new results of the cryptocurrency market.

I don't stop at that price on the optimum range, because bitcoin has a huge potential that it could increase more than $10k. There's no steady price or even a stable value, and volatility always do random fluctuations in order for the price to increase. Demand is the main reason that could help each price to grow further, and as people kept holding their btc I believed new adoption will arise.

It can be more or it can be not. That is the possible future that Bitcoin price may have.
Yeh, we are into the look and positive that this year is a bullish one but something we can't be denied that volatility still remains and we definitely not sure what is coming and even this halving effect.

Looking at how the trend goes on, it is totally ups and down. But the good thing that we are able to see now is being more on the ups compared to dumps which encourage us to be more positive and stay trusting crypto.

From time to time we see bitcoin price steady at some price for some short period, for me that is a signal that something big will happen, the calm before the storm. This time it was the same, after couple days at 10k we have a drop under 9k, and I believe the price will sink more, at least I have buy orders at lower prices.
Bitcoin can have a steady price, but only for a day or two, after that it will start moving in some direction. It's because we trade all the time, and we take a break for a moment or two, but that's all. After break, we all continue to trade, it's never ending game, with so many buy and sell orders that are lower or higher from the current price you can't expect price to be steady for a long time.

I think $10k isn’t that far however, the performance of the price now isn’t looking good and though $10k is near but it seems that the price is having a hard time recovering and going to that mark. Bitcoin is never steady, we don’t know what will happen next so we just have to be prepared.

Exactly, it is impossible for Bitcoin to have a stable price because it is the nature of Cryptocurrencies specifically the Bitcoin to be volatile. We might see some cases that it doesn't make any movement but this is just for a while and will not last long. Besides, I don't like for Bitcoin or should I say nobody wants for Crypto to have a steady price because this gives profit, this attracts more investors, this is what makes unique to all kind of currency.

Yeah, bitcoin has been seeing this "just under 10k" levels as steady for a long time. Even waaay back in 2018 when the price dropped from 20k to 3k there was a moment when it reached 8k levels and stayed around 7-9k for longer, I mean it still went down to 3k but it stood around those price longer than any other price if you check the prices.

I still do not think that bitcoin has a steady price but if there is any I can see this prices to be really steady price honestly. Think about in 2019 as well how many times price went above 10k but dropped under it multiple times as well, it happened many many times and it moved around 8k-9k prices almost half of the year. If I wasn't trusting bitcoin to be going really high in the future, I would say this could be the forever price if there was any.