Bitcoin Forum

At a time when the world is in the throes of an epidemic and everyone's economy is in dire straits, I can't see any reason for the sudden rise in the price of Bitcoin. Do you think there is any reason for Bitcoin to go up so much?

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You probably don't know that we're going into halving within few days and people are FOMOing that made the price increase lately.

Its the halving event op and the price hasn't really increased that much(Just a $2000 bump) because many people including me are expecting BTC to reach $15K thanks to this event despite the current COVID situation.

We are just a couple of days away from this landmark event. Just imagine how high BTC could rally on that particular day. This is why many investors are basically buying and HODLING at the moment.

The halving is definitely a reason. Then there was speculation about US citizens using their 1200$ dole-outs for this. Its amazing how US Govt is unable to figure out who needs how much and just prints dollars and sends it out. Another disaster in the making (https://bitcointalk.org/index.php?topic=5244062.msg54315632#msg54315632) maybe.

Bitcoin is a worldwide movement now. A social phenomena (https://bitcointalk.org/index.php?topic=5215927.0). People everywhere are willing to put an effort to obtain more of it, either through businesses, investing or mining. More people also realize that its not just some "commodity". Its the latest version of money. Pandemic and recessions will come and go but money will stay, the internet will stay, p2p will stay. Those are all solid reasons for people to hold bitcoin as a a hedge to the fiat risk that has historically been considered natural.

Possibly. If you watched closely the market today. It almost reaches near 9400 but suddenly halt and go down to 8800. Of course you cant totally filled in the gaps and just run all the way. There is always a set back to it. Even me, just got scared of what happened few hours ago. The movement is really fascinating. The reason could be the sole hype of halving, and everyone talking about it even now. The bullish effect could be seen closely during next month but Im thinking there will be a huge fall back cause its always be like that.

How do you see reasons for Tesla shares to be so close to its ATH in time when the world is in the throes of an epidemic and everyone's economy is in dire straits?

I am sure bitcoin will exceed $10k, but if you ask when it will happen, then nobody will know the time because bitcoin can increase to the highest price anytime. Like what we saw from a few days ago, bitcoin start to rally, and I see that before bitcoin price can hit $8,700, the price seems to make a little rally and stop in a level price for a while, and then the price start to the next rally, and finally, yesterday is the moment for bitcoin to increase and break $9,000. Perhaps, bitcoin will exceed $10k in the next month before the halving or after the halving because I think with the reducing of the reward for the miner, that can impact the bitcoin price to increase so high.

So we need to have bitcoin more and more by buying at the market, but don't forget to analyze before you buy so you can buy bitcoin at a low price. Meanwhile, right now, bitcoin at a low price so you can use this time to buy bitcoin or you can wait for more to buy at a lower price.

It can happen at any moment, $1000 up or down in 24 hours is something quite normal these days, just as it was in 2016 when we see $100 up and down before and after halving. It is obvious that the bulls have pulled strongly upwards, and that until halving the price is likely to rise, which means we can expect a green market in the next two weeks.

Let no one take this as financial advice, but I wouldn't be at all surprised to see much more than $10k before halving, because, after all, that number is one big psychological level to which many will react, and above all I mean the media. The world needs positive stories, and BTC can definitely be one of them.

It is pretty possible for bitcoin to reach $10000 within the next few days, although the status of the hype in the market seemed to have subsided recently and we're now treading back to $8600 easily. A strong resistance @ $9500 appeared to have slowed down the momentum of the bulls for a while and we're now down to where we're at a day prior to all of these events. Given the economic condition of the world currently, I'd say that the appreciation bitcoin saw is really impressive and notable to say the least. $10000 is possible, and it might be looming around knowing how easy the then $7500 barrier was eaten earlier this day by the bulls.

Im wanted to believe it will for the next two weeks. Market is simply rationale and open up for any direction either its gonna go up or down. I really thought it could surge until $10k on yesterday's rally but suddenly stopped and go down. The resistance tend to be weaker around $9k so we see a drastic result. Im sure many have gotten rekt thinking the long button will continue and possibly got rekt and liquidated. I almost put up order on Futures but good thing there is a gap in the charts and I foreseeen this drop.

it is perfectly natural to have a hard time believing in the rises right after a drop took place specially when that drop's size is big enough and is sudden enough to cause a lot of panic. basically this situation you are in is being repeated every couple of months. the biggest case that we had in recent times was the drop from $6k to $3k and people had a very hard time believing price is going up when it started breaking $4k then $5k, $6k,... and $13k before it sees a correction.

Everything can happen and we cant really precisely tell that covid situation does really have big impact towards crypto market.Just take a look into traditional markets which do still plummets but on crypto space we are still somewhat able to show some gains or price increase.We dont know on why it do happen which do oppose into the current economic problem.The thing here is that we should know on how to deal with up
and utilize these movements for your benefit. 10k dollar price isnt really just too far to reach out since we are almost hitting 9k atm and 1k usd movement is on reach but lets see on what would
happen on next days until the halving even happens or even after that.

so many people sold the bottom in march---that was the capitulation of the bulls. after the low volume rise of the past 1.5 months, the same thing is now happening on the other side, with bears finally capitulating and buying back in.

nothing is impossible when it comes to bitcoin, but i'm skeptical it can keep rallying at this rate. the current fanfare is gonna be difficult to maintain once the halving is over and done with.

Bitcoin might get to $10,000 before the halving and that means by next week we should expect that to happen by next week. Bitcoin runout of bullish trend around $9483 before pullback below $9000 I think there is need for it to get close to 200ma on a daily chart before next steady up.

10 days till halving and I think that traders and bitcoin is squeezed like a lemon already. We managed to reach 9400 quickly and now we are facing the correction. Since Worlds economical situation keeps unstable I'm predicting that with current price we will enter bitcoins reward halving stage. According to growth graph Aprils seems to be the month when bitcoin price grow mostly. Since April is over, we will be in flat for next couple of months.

Because it has become a speculative asset, obviously FOMO prior the the halving. I think that's the reason why the price suddenly goes up in the last 2-3 days, unfortunately, it went on a 'healthy and minor' correction, so the rise has been broken already. So it's about 10 days before the halving, so chances are, bulls are going to push for that 5 digits again. So let's see how it goes, maybe some of the traders long position has been liquidated along the $9400 price, but we really can't tell as everyone is really trying to get inside before the halving.

Don't know why you are surprised it might hit $10K, we were at $10K fairly recently in February which wasn't that long ago. And we were like $500 away from hiting $10K. So yes its possible we might hit $10K soon however whether we stay above $10K is a different story.

I think there is a large retail market presence in the stock markets and crypto markets. People are buying everything like crazy because they worry about inflation. However markets can be irrational for a long time. But you need to realise that it doesnt make sense for DOW30 to make a record day when people are unemployed, it just doesn't make sense.

Hence just like in that "Big Short" movie, they were short however the markets still kept going up. The market stayed irrational for a long time before it finally popped. So this time the same thing can happen. I highly doubt that we will be in a V shaped recovery.

$10k because of the recent run by BTC recently where it increased by around 15%? Nope. The market always follows a certain understanding that whenever a price goes up by way too much, a decrease would always follow. Just like how the price went up from $7.something to $9.4k, which is, in all honesty, a rare occurrence to happen in a 24h time span. BTC price goes up by a steady progress most of the time tbh, so a drop was rather expected. $10k would probably be reached by around end of the month or 2 perhaps. BTC needs quite some time to steady itself currently and then there's the problem of it trying to push forward.

More than inflation worries, I think the markets have been pricing in the most optimistic recovery scenario: economy reopens soon (and infections somehow keep going down anyway), treatment gets found soon, vaccine found soon after that. Then magically all those jobs reappear in a V-shaped recovery. Irrational indeed!

The reactions to earnings reports this week was ominous. It seems like Q1 hasn't truly been priced in yet, let alone Q2. With volatility spiking up in stocks, I'm very curious to see what the markets have in store next week.

Don't look for those catastrophic scenarios instead look in the brighter sides,Yeah there are so many negative things inside crypto but this also happens outside this market so what?

The Investors are just looking for the small start and they will surely follow.we have had almost 10k price couple of days ago and now staying strong in 8,800$ price this is a good sign of Bullying so just don't close your eyes as there will be some good things coming.

we have a halving event in the near future.
When the price was around 7k I thought that the price is going to go a little bit down around 6k before going to the moon and reach 10k, but it didn't. I think that it is very possible to see 10k before the halving event and move around 17k after halving.

Although the price is showing slow recovery, I don't think it can go up to $10k right now. The only chance it could happen is because of others FOMO but is there a FOMO on going? If there is, the price should have performed an unexpected movement like wide swings. Obviously, there's not yet enough FOMO. Others are still afraid the price might go down because of crisis. Let's see after halving if the situation will change.

There are no historical resistance levels at $ 8,000, so we are faced with two directions. As for reaching $ 9,600 levels, then it will be easy to reach $ 10,000 (bounce back) or collapse again to previous levels at $ 7000.
Personally, I do not see that the price is ready to rise again to the levels of 10,000 dollars, especially since we have increased by more than 20% during the previous days, so the scenario of returning to 7000 dollars is the most likely in my opinion.

The positive side: the price is able to erase losses faster than it was in the past.

No one can correctly predict what will be the price of bitcoin in the coming weeks $10k its so easy to reach because of halving and maybe after halving it will continue to climb or crash again depends on the market situation and of course manipulation.

There's is every reason for it to achieve that, initially bitcoin market doesn't follow the traditional market price movement but I do understand why it had to this time as fud was the number one emotion during the early stages of the breakouts of Corona pandemic. People were afraid and since the cryptocurrency Industry is filled with inexperience investor, we just have to be the most affected marketing regards to decline of price of out tradable assets although as you can see we also were the quickest to recover than any other market out there.

As of press, bitcoin is currently trading above $9k meaning crossing $10k won't be an issue provider there's no correction as we experience the last time bitcoin cross the $9k price mark.

Even though we are still in recession, the price of the bitcoin managed to breakout in its resistance and also in 100 MA which is considered as good. The price is consolidating but it pointing upwards that can be indicate as a good sign because of the volume. There is now a major resistance at $9500 and if it will be break then we should expect that the price may achieve $10,000 per each. The panic that is currently happening is because of the pandemic which lead to lost of many jobs in different countries and it has also affect to the cryptocurrency market.

Well $9500 resistance was invalidated again, pushing the price to the $8700 levels. So we need to consider both sides, one thing is that we are still in the FOMO phase I believed, so it might try to bump to $10k again. And we all know that $k increase is possible in this market, so there is a chance for an upside here prior to the halvening.

It can goto 10k and even past this and would still not be great significance.    The average price is of more importance or to be clearer the volume of orders passed at a price is of more signifiance but BTC price can swing to some pretty wild extremes we've seen it a few times and yet it returns to a more normal price later.    So it can do both, exceed expectations and swing past 10k but also return to the 200 day average not that long after and need the market to prove its demand there for some time.   Just my guess we do play that out in this year.

10k is very achievable now as we are almost in 9k as of today. We are still few days from halving and the market is already showing good trend. So even if you buy now, I am thinking that you will still get good profit. But it is still up to you if you are ready to take the risk. Your money, your decision.

The price of $10.000 will be touched by bitcoin soon. You may need to see some expert prediction or other people analyst again bitcoin's price. Because I have seen some people who said that bitcoin will easily touch $10.000 when its price touch $9200 and now it will be happened. Hash rate bitcoin has increased again and has touched new all timr high and it mean many miners has been trusted again to bitcoin. If you have money, just forget the coronavirus and you can buy bitcoin at now before you late.

You can analyze by yourself, so you don't need the expert prediction because they are not always right.
Better you trust yourself in analyzing than to follow other people.
But you can use other people's analysis to be used as your guide in analysis so that you can get other information about the market.
With making your analysis, you can know what you need to do, and you can improve your skills in analysis, which you will give you benefit in the future.
I believe that bitcoin will be more than $10k soon, but I don't know when it will happen.
Just wait, be patient, and enjoy the ride ;)

Bitcoin is currently priced at $9,223.08. So i am hoping that Bitcoin will cross 10k not at the present, but it will cross 10k in 2 or 3 months. It can be seen from here a few days ago Because there is always a possibility of dropping. But what i thought  was a huge fall but it didn't happen because the bullish effect always lowers the price and since it didn't happen there is a possibility of leaving 10k ahead.

I do not think so but still everything is possible. If you will look at the daily chart of the bitcoin, you can see that it is now making lower highs and lower lows and it is sign of a weakness because it is a structure of a downtrend. The price is still doing sideways with bearish bias and if the price go down to its current support at $9000,the price for sure will have momentum going down.

if its not going down then it must be going up. the surest thing we are seeing though is that altcoins are going up. we saw some projects resurface from their ranks below 100 but are now on top 50. the whole cryptocurrency marketcap is rising also. breaking the resistance might just take weeks to months so while we'll wait for it. might as well pass time by while locked inside.

The question about "Bitcoin reason to go up so much" is too much to ask because Yeah Bitcoin is designed to grow but looking for "Too Much"? that is an abused why not look for growth and enough to profit and not exaggerating things to satisfy our greediness?

I would suggest you to Buy Bitcoin and try waiting for months,so you may understand that it is not easy for us just to expect while the truth is Market is very harder to make a growth for now because of the effect of pandemic.

BTC still has weakness at present so just going back to 10k is something it has to prove for me.    To exceed that then I want it to confirm 10k as a low on daily, weekly then monthly bar.   Once its done that then it gains my confidence and many others who watch I presume, we get momentum into the price and its far more reasonable to be bullish.
   None of that is there today, its a bit iffy and I'd speculate on stall speed and what does it take to call it lower.   But it keeps on trading in a range and theres not much gravity to pull the price down so negative might be too harsh a stance also.
  The answer is no in brief, the case for higher must be proven and I would guess progress is being challenged so I watch with that perspective.

https://talkimg.com/images/2023/06/12/A4vVD.png

Convergence on weekly and monthly moving averages, we remain on the underside.    Some might speculate a short here but overall we dont seem to be moving much either direction.    In future watch the 200 day, its slow and we'll be here till autumn winter waiting if thats the trigger.

To my opinion it's possible but not very likely at this moment. Even if the price goes up to 10000$ it's hard that will stay there or even go further. So, at present I don't expect some significant price changes and no some special growth, it's more likely that the price will stay in current range for longer period of time. I know that many are eager to finaly see some price movements towards 10000$ and beyond, some excitement but I don't think now it's the moment.

No, BTC doesn't really look that strong atm in order to be breaking $10k currently because nobody's gone insane to bet on anything except on their own lives in order to save the money and live a good life which won't be possible in future due to the fact that this pandemic has left us with almost nothing and has the potential to make a lot of people die due to starvation. These reasons are enough for BTC not to reach $10k as of now because nobody's investing, and it's a huge achievement for BTC to even remain close to $10k these days while the whole stock market crisis is yet to recover, but I see BTC to remain stable at this price for many more months to come.

I don't see bitcoin doing sharp moves on either side of the board. There isn't much weight to pull down bitcoin below the $9000 mark and there isn't anything that pushes it up $10000 either. The resistance @ $9500 - $9700 is there, but the market doesn't seem to be testing it, nor shows any signs of testing it in the near future. I would go as far as calling it an impasse although we have had some shocks in the past that made us conclude things a little more careful now. Though with the condition of the world's economy at hand, it's fairly safe to say that most people would likely hold on to cash rather than risk it on these assets in the mean time.

^ BTC price was on always in $9k range and I don't see a moment that BTC beyond $9K down or rapidly goes up to $10k.
I will still consider BTC volatility is unpredictable and anytime soon BTC price resistance will rising without our further notice. Sounds I am very optimistic but I have strong feeling BTC price will surge more than $10k this month or it will starting until in the next following month. There is a lot of news that probably will trigger a BTC price. We are still lucky that the dominance of BTC is not down too much even though we are in between the COVID-19 crisis.

Exactly, nobody is willing to pull any big buy order to really create this sort of FOMO and drama and make some noise in the market.


We are still in this pandemic mode, nobody is investing but it is good that we there are strong support at $9k. I think some days ago the price went into $9400-$9500 but it wasn't enough. No momentum was build around it thats why the price didn't go to $10k.

In fact, Bitcoin has been in the $ 9,000-$ 9,500 range for quite a long time and cannot overcome this milestone. On the one hand, this indicates a certain stability, but on the other hand, I do not see any prerequisites for Bitcoin to be able to reach the 10,000 mark and even overcome it. At least in the near future this will definitely not happen.

That is the hope in this harder times. Bitcoin markets stayed stronger by recovering from the panic selling pressures. It is making me to assume like bitcoin has already defeated covid19 crisis. But I guess, this has not become possible if there were no halving was scheduled on this year. We are lucky pandemic and halving happened on same year which makes people to keep around bitcoins rather than switching into others.

Reaching $10k and more would not have become a problem if there was no pandemic and economic crisis. BTC markets tried twice to test $10k levels but failed to hold but usually after halving, bitcoin markets do face small hiccups as new rewards are something new for miners hence they must need to settle down by getting used to new-reduced supply of BTC rewards long with their industry levels of mining process. But, it is going to be complete 2 months since the halving hence this is going to be the party time toward the current ATH and 2021 will be simply the repeating of 2017/2013 given that pandemic gets over along with vaccine for covid19.

As you have said, if bitcoin price pas $9500-$9700 maybe that is the sign that we can touch $10.000 easily and it doesn't take a long time. Yeah, it been a long time for bitcoin price consilidating and $9000-$9700 is the key level for bitcoin price move. We will see a huge dump when bitcoin price decrease below $9000. But so far, I really interested to see a heat map and some trader who liquidated with a huge amount of money. When bitcoin price will touch $9000 and below then there will be many buyer and for those traders who takes short position will be liquidated and when bitcoin price will try to increase more than $9400 there will be many traders who lose their money for those who takes a long position.

Its always been a bumpy ride and there are really times that the market would move sideways on which us people would really have a hard time to determine on the next possible movement.
In talks of 10k price then we arent really that far off but the price had been tanking for how many months now.It might able to hit up the resistance but it do bounce back down and repeat the
same process but for sure we would really be heading for 5 digit price.The question would always be remain unanswered since this market is had been unpredictable since from the start.
For now its better to think on how you do utilize on accumulating yet the price might shoot up on upcoming weeks or even months.

Well, right now I see that the possibility is very large. it looks like halving has made the price of bitcoin really stable at $ 9000. however, there is still a high possibility that the price of bitcoin will reach a higher price than the current price. Well, a few times the price of bitcoin exceeded the price of $ 10k in the previous months, it's just that it hasn't survived.

Bitcoin was stable at the $ 9000 before halving. Seems that halving did not even influenced bitcoins price or it is to early to speak about how halving influenced. Last year, in July bitcoin made some price changes, hope this year it will repeat.

Whats happening with the bitcoin price pumping isn't known to anyone. It just goes on and on, based on the demand to the supply along with the good news circulating around accordance with the cryptocurrencies. As it is speculative even a negative news makes a big change in the market. This way the price of bitcoin can fall low as well as can reach the peak in no time. Reaching $10000 might happen soon, as the price seems to move within the $9100-$9500 limit sometimes it might take little more time.

It didn't influenced due to the fact that we are facing a huge crisis which bring a huge recession globally so expect that we will go stable for this price, and luckily we are standing at this price since imagine on where we are if no halving will occur maybe we can see some bad sights by now.

But lets really hope for something best in the next year on bitcoins run if it will pump or not.

The reasons for pumping must be speculative. If you notice all the times of bullish run happened, you can find this simple reason. Yes, whenever there is a halving in bitcoin ecosystem, then bitcoin markets will be getting a strong bull run. So, bitcoin market does not need any big news to support its bull run but its basic economic rules are more than enough for triggering bull run on every four year. Because, bitcoin's supply mechanism itself got the power to induce demand among its adopters.

I guess investors are getting ready after pandemic has hit them badly; we must give them some time to get ready so that they will get back into action of bumping bitcoin markets. We must always consider world economic situations for expecting bitcoin market to have bull run. I mean bitcoin market will definitely have bull run to reach a new ATH as well but we must give it time.

As the price is already stabilized on the 9k I believe that exponentially is going to grow more.
If you see the price from the time that bitcoin was invented it is going every year.
New support levels are created and the price is more difficult to drop.

Technically support levels are varying according to different analysis. But, when we are seeing bitcoin prices are trading stable for months then we can easily assume that there are less chances for the prices to fall drastically out of any unexpected panic like how market reacted to covid19's initial spread out. So, I agree with your perception that there will be enough investors to support bitcoin for not falling down further any more.

Exponential growth is something I did come across more frequently by the times of 2015 and after that people had stopped to provide any such long term speculations for some reasons but started providing here only about short term trend. It may be to get support from active traders rather than focusing on long term holders through their technical analysis.

Most people are on the sidelines waiting for the next development on the pandemic, there are many hints that a vaccine may come sooner than expected but until that is a reality and the distribution of the vaccine is on its way then the markets will continue to be dubitative and without a clear direction, however you can be sure that if we see a new spike in the countries in which the pandemic was supposedly under control that we may see a negative sentiment taking over the market once again and making the price to go down.

I guess that is like around 10% increase, so yeah why not? I mean that is not like too much for bitcoin to move so that looks like quite reasonable expectation if you ask me. I feel like you would not really expect bitcoin to fail 10% increase wouldn't you? The question is not that could it go up 10% it is not that, the real question is, will it go up or go down? Because if it goes down that means obviously it will not be $10k, but if it goes up, that means it will be $10k.

There is no "going up but not reaching $10k" because that is already under daily spread if its not $10k at that point. So, what do you think, will it go up? Will it go down? If you can answer this question, you can answer the $10k question as well, I feel like that is possible, I feel like it will definitely go up.

There are rumors and news slightly confirm, that in Autumn we will face new covid-10 wave. Cold weather, rains, people sneezing and coughing more. Expect the virus to spread with new strength and people have weaker immune system. To me, it looks like we need more time than 1 year to record and for price to start growth - I dont expect much changes in price next year either.

I'm ok that Bitcoin maintain their stability even in this troubled times there's still a big support for Bitcoin not to crash, there's nothing to worry but we want more out of the situation, we want price to move up even slowly, I stopped watching the market because it's showing the same data for few months now, it seems nothing excite me looking in the market, but still patiently waiting, it will come in the right time.

Price from few months are around 9500$ level mark or near this range only. Sometimes it rises or falls but overall it is above 9k range only. We have not seen it surpassing and getting stable for few hours also above 10k. So 10k is the level which it needs to break and get stable so that it can find the upwards momentum. Just seeing some 150$ spike in price and now moved up to a 9300$ mark.

Yes it can but there is a 50-50 chance, trading is a game of possibilities and we should have prior knowledge when it comes to price structure and price action. The current trend is sideways so basically the price is only making high and lows. The current crisis have effect to the price and it is the reason why price is doing sideways. There is a resistance at $10,000 but if the price managed to break it, then it can be a sign that the sideways is officially ended.

As of now we should watch the price especially for those trend followers who are buying when the price is in uptrend. Right now, swing traders have advantages to the current movement of the bitcoin because it is making swing low and swing high inside its support and resistance levels.

So what happen to that event?
Looks like failure is what brings to all since bitcoin did not even reached 10k since Halving?
or if does yet have not stayed for even a day?

sometimes expectation can kill us,so better not to expect much just  let it happen.

Lets see in 4th quarter if what market will gives us.

Most crypto investors believe is that after halving the next trend is bullish market but they ignore the fact that the block reward reduced the more the market price momentum change which the first and the second bitcoin halving market trend was a prove. Aside that, there ard also some circumstances that will influence the market which one is the pandemic issue and my advise is that no one should expect bullish when it Q4 because this year market have already priced in.

Guys, be ready for an upcoming move in the next 3 days max. It could be anything but I believe that most probably we'll be witnessing a $1-1.5k movement and it'll be so quick that either side the way it goes, the opposites will lose a lot of money just as many were getting rekt due to these trades. It's just that I came to know about something sort of an insider thing, let's see if it proves to be true. I believe we'll be see a bullish breakout, but whichever way it goes, it'll just rekt a lot of traders.

Is there any prove or graph that shows it will be a movement in next days or it is just your prediction? You say it is an "insider thing", but how professional and reliable is your source?

Without any detailed info or a proof, this is call simply guessing. If your insider says, next few days will go up, or maybe down, I would not trust this kind of info much.

No significant truth regarding on the claims since people cannot predict on what will happen in future if those pump things will come, maybe we should not expect to much but we should act wisely by being settled for low profit percentage.

We should not listen to any fuds and remember this we are the one who control on our capital in tradings so we should act wiser.

There is no proof if someone make a speculation, it is depend on you, you can believe him and buy bitcoin to make a profit or you just ignore him. Show me an example that there is someone who has been successful make a prediction and he shows a proof that his prediction will come true especially in certain price? I think there is no one.

Maybe he is a whale or he knows a whale. :D

I am not sure what he is talking about, is there any article related to this breakout moment, as far as I know didn't see anywhere probably just couple of days later we might know it but for the moment the price keeps swinging.

Moves of 1k isnt too unlikely, its big but within the range of previous pricing recently so quite possible.     The case of a bullish movement is there but always price action appears quite weak and slow recently, nobody is jumping on this train.
   Heres a possible break of a declining trend however, its still as a lower high right now.   Maybe its a furious battle but I dont get this impression.

https://talkimg.com/images/2023/06/12/A4mmg.png

in fact, the direct impact between the corona pandemic and the bitcoin movement is virtually unrelated and clearly different. The existence of a pandemic has little impact on the state of bitcoin itself, because bitcoin stands in a different system.

the world economy can be significantly affected but bitcoin will continue to run as long as the internet network can still function properly. although we have to admit that the world economy was devastated by the existence of a pandemic, bitcoin can still run well because everything is done without direct contact that is clearly prohibited at the time of this pandemic.

everyone wants to continue to have an income and in fact bitcoin is the most viable way at the moment. Moreover, bitcoin in the past few months is very stable in the range of $ 9K, and to be able to increase it is very likely to occur in the next few months. if you see halving that happened several times before, which always increases a year later.

Many people speculate on their analysis, but no one will know the truth of what will happen to bitcoin's price.
But I believe that bitcoin can exceed $10k in the future, and even if the price is now still below $10k, it will increase to that price, and it's only a matter of time to see that will happen.
We can only give the chart that we drew without knowing if that will happen or not because that is the prediction that every people can make.
We can say that the price will happen in the next 2 months, for example. But the truth is like what I mean, no one will know.

Seems like its going to happen this time, we have price rising past the fifty day average for a full day so its already exceeded the last attempt on July 8th and also a higher price is now showing.  Silver was up 8% today I think which shows we have some inflationary main market trend on going which lends a tail wind to BTC price accumulation attempts.

https://talkimg.com/images/2023/06/12/A4SBJ.png

Heres your first price target which is the peak for late June, 9800 some classical resistance in the price and thats the wider issue for 10k area.   However if it can exceed 9.8k in the same way its just passed this last peak price, that further establishes positive price possibilities and may bring speculators into the price for gains to exceed the top prices so far in 2020.

Price seems promising for touching at $9.5k but I think we are not gonna see those $10k by this month since provably there are sudden changes will happen and the peoples mindset are far for accumulating on end months, Maybe we can see some action by next month as fresh start for the others.

but lets not compare bitcoin to any other commodities since they have different tracks and I believe next month will be better for bitcoin.

Let’s watchout the price of bitcoin as we observe there are many speculation that it could reach an all time high again. But, the fact no one knows yet when it will happen, the current price did not surpass yet at least to $10k. Many users are waiting for this to happen to exceed to ten thousand dollars so we still have the months before this year ends.

Yes, the price hasn't surpassed 10000$ yet and it seems that it will not for a while. Price sticks around 9000$ for quite a time and there are no signs that this is going to change soon. But we can't rush the market and although many expect this magic line of 10000$ to be broken that might take a while.

Bitcoin price movements are always unpredictable, no one knows in the next few days the price of bitcoin can touch $ 10k, because even an expert's prediction will not be fully accurate to read future market price movements. we should both observe and follow the flow of future market price movements and are always optimistic that the price of Bitcoin will rise sharply again.

This topic was created at 30th of April, price during that period was nearly what it is today, around $8.7k and wasn't really that far away from $10k neither. We have reached above $10k since that moment which clearly answers the question in retrospective as well.

However now people are asking the same question again, they are wondering if we will go down or if we will go up, now nobody would know the answer to that obviously, we do not have a glass ball telling us the future, but we all know that it will "eventually" go over 10k. Not right now, not the next move, maybe from here we will go down to $6k, who knows? But, we know that eventually bitcoin will go over 10k, maybe in a year but it will do that. So, I am not afraid of buying right now, I am not buying because I am waiting for a big fall again so it bottoms out but I wouldn't be really shocked if it went over 10k tomorrow.

Its making another run up but its true this is old ground and on larger time frame we're repeating these attempts at higher.   On the shorter time frame its good looking action, this is the type of price build wanted in clear sight and then you hope it tips into something wider then just hours but days.   Positive above the 50 day so its some definite attempt to move into the resistance of five figure pricing.

https://talkimg.com/images/2023/06/12/A4dJl.png

Theres a wider boundary but thats the range today 9200 to 9800 and for now just hoping it coils up into a stable attempt to attack pricing above.   Blue line is the 2 day average and its quite aggressive in not falling below that, somebody is wanting to buy into a position right now.

This thread is very interesting because some of the posters prediction here in this thread comes true and coming true, there's really no guaranty if the price will go up and down at what given time people are waiting and looking on the scenario, whatever happen in the market we must accept it but continue supporting the market.

Looks like some good movements are happening, it looks like there is a bit of an increase and that means we are going to actually get some closer to $10k if possible, of course not there just yet and we need a bit more push and since volume is low its hard to get there since there are not that many buyers, but we are closer than yesterday.

Do you guys think eventually bitcoin will wait and wait and wait (and already waited) and suddenly skyrocket or do you think it will plummet?

Because if the price goes any higher, $10k is quite possible and right there, only 500 bucks left and that is easy for bitcoin in normal situations, however at the end of the day we are talking about something different here, I am considering maybe a drop in price which would be really scary considering low volume.

Bitcoin going to another all-time high is inevitable. In the past, there were all-time highs for each years and for 2017, we got ours as well a few years back. And the timing and chance is getting higher as it's been 3 years since the last all-time high although last year we've got a decent bullish trend where bitcoin got a surpass to $13k.

From my point of view, bitcoin has a chance to exceed $10,000 because today, the price of bitcoin is now $9,605. Since bitcoin halving has occurred, bitcoin's price hasn't fallen below $9,000, that it only stays it's the price between $9,000-$10,000, so no doubt that bitcoin could reach more than $10,000 this year of 2020.

That's not 100% true because bitcoin already dump to $8.9k zone for a short period of time,even touch the $8.8k zone but instantly pump to around $9k. But it's sure that bitcoin will soon crossed the $10k price zone as more and more news media publishing news about the start of bitcoin's bull run. Also btc need to stay over $10k price zone to make major bull events in future, IMO. Let's see what happen next.

There is continuous growth with bitcoin, and the same is being followed by the leading altcoins in the market. Bitcoin price has started to move forward from the value around $9200, and in two days time it has reached close to the $9700 mark. Based on this we're just few dollars away from $10000. Probably by the middle of the falling week we can experience $10000 per bitcoin. By the time ethereum will be above $300.

For all of you who ignored my warning, congratulations on being eaten out by the brokers. Another thing, I never, ever meant to trade this (I mean, I didn't give any financial advice and just wanted to warn you to remain out of any trades because this move was meant to liquidate many of those who didn't know the correct direction and this warning was biased as you can check that I didn't literally give a fixed direction). And yeah, you were asking for a proof, just go and watch the charts baby. ;)

In my opinion, the current situation in the cryptocurrency market clearly indicates a favorable outcome. I believe that it is necessary to take into account the fact that after the halving of bitcoin there was no significant market landings and this already speaks of hope for good prospects. In addition, Bitcoin mining has halved and therefore there is a decrease in supply in the market, and the number of users increases from time to time. today bitcoin is $ 9,963. A little more and the boundary of 10.000 will be overcome.

have you check the market price this 24 hours time?

Bitcoin already reached  $10,023 this whole day meaning  you are wrong that Bitcoiin will overcome 10,000 because it already did.

the problem is just like what happen couple of months ago when Bitcoin already break the this amount ?just after
couple of hours it fell down again below that level things that we hate to happen,because many months that were
seeking for that pump yet returning down again.

The OP was worried about the consequences of covid-19 raving the world on the price of Bitcoin reaching $10K many countries had been battling to save their economy due to recession more to it, the crash in the price of crude oil in the global market is another source of concern and worries  however despite all these global economic challenges bitcoin has been waxing stronger presently the price of able to break the resistance at $10K and experiencing a retracement to $9800 hope in the next few days to come the bulls will take over the market this will put to rest the fear of the OP.

Bitcoin price movement I think are in a good cycle. It has broken through $10,100 based on my monitoring of binance exchange in the past 24 hour and has now fallen slightly at $9.930. A reasonable price reduction in my opinion because there are many people who have been waiting for the current hike and sell as soon as possible and make a profit. There is still a possibility that bitcoin will break the next resistance level at $10,380.

It depends on the exchange that you're watching. On Bitstamp the level to watch is 10500 USD If we can reach and defend this position it's going to be the highest price since September 2019 and a sign that there's basically no resistance between that level and 12k, maybe even 13k, just like there's nothing between 14k and 20k so if that happens we'll go up very fast.
IMO, we won't see 20k this year, but it would be nice to witness another run up, like the one in 2017.

It all matters with the demand. Period! People shouldnt really expect on things that do happen in the past because if we do try to realize it then its really nearly impossible to see those movements or even numbers (20k).

For the question on exceeding 10k usd price there we are already here. Price had been tanking on these levels for now which had been recently reach a few hours ago.

We dont know if this movement will continue or we would see another sideways movement.

Don't fall for the big bull trap because it'll eat you up hard. Don't leverage any positions as of now as I believe that this should show some declines further and needs to be corrected down under 9.5k USD. Again, don't believe me? Get the rekt off. I don't give suggestions to trade these days, I'd rather stop you from getting in when I know something that's most important for you all to know. Don't take this advice with a grain of salt, and don't leverage (neither the short one, because the shakeout will be so hard it might show two-sided wicks to make both ends liquidate and trust me, it won't be easier for you to get out with your position).

We are seeing a good rise now and bitcoin has been above the 10k$ price huddle for some time now. Though this does not mean that it cannot fall back below only thing we will just need to check how much support can we find at this level or will the whales start to sell and make some profits from these levels.

Still unproven and within prior range which means it can easily just reverse back so I agree its quite possible to lose out short term.   The best way to enter at undecided points like this is looking at long term trends and yep that'd very likely mean discard the leverage and just go small and serious with what you do, bad weather puts off plenty of people from what turns out fine.

Bitcoin now is close to 11k, after months of nothing happening in the market it seems the weak hands have finally left and only strong holders are left which is making the price to go up again, so anyone that is out there doubting bitcoin should erase those thoughts out of their minds, bitcoin will move abruptly whenever you least expect it and once that happens you better invest in it or you will be one of those that are left behind and get no profits out of it.

The current prices above $10k doesn't really reflect the short term price of it, it could go down from here and that wouldn't change anything at all. Bitcoin price going up right now proves one thing, and that is bitcoin having a good future that could always be above $20k in any moment, even if the world economically doesn't do well.

We live in a world right now where economy of almost every nation and finances of almost all humans are doing bad, which means people do not have savings or money to invest, they barely have enough money to survive on average, most of the people on earth thinks about being able to live until the end of month without spending all their money, and here we are talking about the increase in bitcoin, if it increases in these type of situations, it can be so much more awesome in the future.

So far as of writing the price is 11,250 which do almost hit up 11,500 high.For now i cant see any indications of bull trap but we know that everything can change in a blink of an eye.
Lets hope that we wont see major crash after this price rally but to be expected on where price corrections will surely happen because the market is always like that.
Next target? 12k but to be honest we do really move that fast in a short time which i dont really much prefer but its good to look these numbers again.

Yesterday was a horrible day for bitcoin but now we have recovered a good deal of the lost ground, and we are still comfortably above 10k which is important, for a long time we have wished for the price of bitcoin to remain at this level and this could be the opportunity we have been looking for, if this continues and we can keep that price for months then that will be a clear sign that a massive bull run is on the cards for the next year, so prepare yourselves gentlemen we are about to see history being written if things keep up in this direction

There was nothing dramatic, the price increased a lot in a short period and it was expected we could see the market go in either direction as people will book their profit but the market remained strong and now it is recovering strongly as there is heavy investment coming in from financial sector and if not for that heavy investment we could not see these recovery. If there is no economic disaster on a global scale then we will see new all time high next year as it all depends upon the global economic situation.

Price often trims back sunday or weekend into the trading week, not a fan of it happening on sunday like that because I cant put a short out of hours that early but its something to watch for with Tokyo pre market opening.   Main section of price at the moment is about 10900 to 11500, thats where the price is mostly and we extended past over the weekend so it was fair to pull back.    I'm not sure its giving any clear indication at the moment, it drifted below weekly MA which I count as momentum and some take on positive action but its just drifted back up.   I'm too sceptical but my guess is we are still nearer to a top which gives me that bias of shorting for any bets, think I'll go put a bit on 200 day ma for month end, could happen and odds must be amazing for it.  Just like 11k was 80 to 1 odds last month but it happened.    
   Will it stay above 10k or 10500 is the OP question for me now.   We're above it for now but weekly or monthly bars count towards a real price build more then anything short term.

I'm sure this has been the case though, I mean bitcoin always have some bad days, but the thing is that if it did dip to a level in which other investors can get inside and buy, then they take it as an opportunity to buy.

And just by looking at today's price, $11,700, we might be as well going for $12k at the end of the week. So I would say that it is just normal correction that we have seen and bitcoin will definitely bounce back from them. It's not opening here in the Asian market, so let's see if it can push to $11800-$12k.

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the factor that makes the price of Bitcoin rise is the level of investor concern that the central bank's efforts to deal with Covid-19 will trigger inflation. Gold and precious metals are usually used to hedge against such risks.

“This is what keeps demand trending continuously. The demand is increasing, the price is also increasing.

I am also optimistic that the price of Bitcoin will continue to strengthen and can reach the highest level, if this pandemic still cannot be handled