Bitcoin Forum

According to this Cointelegraph article (link below) Bitcoin prices have the potential to reach either up to $17k levels or fall back to $9k levels, and it all depends on whether bitcoin prices can breach the $12k level mark or no, because if bitcoin prices manage to breach those levels then it has the potential to rally upwards and reach up to $17k levels.

However it’s pertinent to note that if bitcoin prices slip from the support level of $11.2k, then there’s a high probability of bitcoin prices slipping back to $9k levels.

Lastly I know that it’s really difficult to predict where bitcoin prices may head, but what are you’ll opinions on this article and which prediction do you think we will witness in the short term?.

Source:

https://cointelegraph.com/news/bitcoin-price-risks-dropping-below-10-000-if-this-support-level-fails

Whales trapped bulls after breaking 12k resistance perfectly. After that event bitcoin looks weaker and weaker with every hour. I expect bitcoin to test 10-10.5k before even trying to go up.

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

Testing this trend line (and even fake breaking it to trap bears this time) is very possible. After that bitcoin can continue to grow.

It can fall a bit but do not expect that there should be any panic in the market. It will rise back again so on falls if it happens be ready to grab as it is the time to buy as per me and quickly it will be back again to 12k levels. So, some profits could be made in this times and traders do look for this type of opportunity when there is some volatility in markets.

For me, breaking below $11, 000 can be the trigger for fall upto $9 000 or below.
That is really scary, any FUD later this month could be a reason, especially we are about to close on monthly candle.
But whatever happens, either we see $17,000 or $9,000 first, we still lot of time to accumulate more.

today it's been a very bad day with the price constantly struggling to stay above $11500, it dropped to 11516 and then managed to rise to $ 11594 but it shows that in the next few days the price will start to fall if it doesn't break $12000 because people get impatient when the price is stagnant for a long time. Anyway, we will see in the next few days what the price will be


would still have to break $10500 where in the past it was difficult to break so I think it must have become a good support now

I don't think that we were more scare when we see the price going to $3k, and not only scary but we got all nervous and majority panic.

Well, as the saying goes, takes one step backward to go two steps forward, so it doesn't matter if you area long term holder or if you have been in the game for so long that you understand how the market moves and there's no such thing as parabolic rise. So it we are going to test $9k again so be it, I'm sure we're going to bounce back again. And I'm sure it will be another perfect opportunity for even average joe to accumulate and whales would love to see that as well. So still a win-win for us in the end.

This is another forecast in the series "the price may fall and may rise". Nothing useful )
As far as my opinion is concerned, both directions are equally probable, but the 9k level is much closer, so if I had to choose, I would bet on moving to this level.

Actually a tiring up thing already where you do hear up these calls commonly or these media outlets just do post up something just for them to get some attention but actually these articles doesnt really give out something new but just a typical speculation on where an average joe can able to do so.Slipping to 9k wouldnt really be that far and to think that price would always have the tendency on crashing even way more lower that anticipated.
If it drops then buyback but is it really as it sounds? No. and now the price is tanking below 12k level but we wouldnt know on what would be the next movement neither it would go below 11k and head down to lower levels
or would simply break that 12k and go forth or would just retest this resistance one again? those are probabilities on next movement and as a trader then you should be smartly utilize it.

So bottomline, either way, one should be prepared for what's gonna happen because no one can accurately predict for what's gonna happen in the market. One good news and we will find ourselves staring how the price shoots up but if another crisis is in the corner, we will start seeing again its downfall. So we should always have contingencies in both scenarios and not trap for what is being laid to us because you have no choice on that matter.

Reading analysis even how good it was or came from a known good trader isn't the thing I always follow. There are several predictions with a good explanation that didn't happen lots of times. But I'm taking those as a reference at some of the cases.

I'm going with the flow whether the price will crash or not. But as always, I'm with the positive side.

The article shared was a good read. It looked out at some pointers that are close to happening if a certain condition will be met. Good to act as a basis on deciding what to do next especially on those newbie speculators.

It is like the other articles that have a say in the price of bitcoin. In whichever level of the price we are with, the same speculations are coming from this to that. Saying that price could go as high as this xx amount and could go as low as this xx amount.

$17,000 is very plausible and it could go as lower than $9k.

Just like the old times, we get to see higher highs and higher lows or lower lows.

Why not both? I can totally see Bitcoin falling to $9,000, staying around there for a few weeks, then starting to rise again and reaching $17k in 2-3 months. We've seen both $3.8k and $12.3k this year, so big swings in short time are quite possible in Bitcoin, as they always were. I think in short term the market is a bit bearish, because the bullish momentum is being lost and we are now on the defensive, but that's okay.

I support a prediction that says the price will reach $ 17k. although not actually reaching that price this year, I think the price will be closer to it. however, I am sticking to the increase in prices that occurred after the halving. it is likely that this price can be reached in 2021.

If the price stays stable at 11K USD for a few weeks a correction will happen for sure.
I don't share the opinions of the analyst,who wrote that article,about the theory that reaching 12K USD would mean that Bitcoin might hit 17K USD.Last summer(July 2019),the Bitcoin price reached 12,9K USD and after that, it went into a bear market that lasted until the end of 2019 and beginning or 2020.
I know that past performance isn't enough to predict the future price,but you can't use one prediction (12K) as a proof for another prediction(17K).

We have different analysis and it is the reason why I don't believe in news outlets or people who are talking about the price of the bitcoin. The price of the bitcoin managed to bounce in its current resistance which is at $11,400. There are 2 wicks there which indicating that there are people who are willing to buy in that area. I also think that the price may consolidate a little bit on that area of value.

There are 3 scenarios that may happen, first is it may go to sideways for weeks or even months. The second scenario is there will be a breakout that may happen where the price will managed and hold above $12,000 and the last scenario where the price may breakdown and create lower lows that will indicate weaknesses and will give a sign that the trend is becoming bearish.

Bitcoin price can fall to $9k or even lower than that, and bitcoin price can rise to $17k as we know that bitcoin can go to any price without we know. The important here is we need to prepare anything that might happen later, so we don't panic, and we can stay calm to think about what we need to do related to the current situations. Perhaps, when the price is down for more, there will be a flash dump that can happen because people panic to see the price is down, so they sell their bitcoin without think that the price will go up later.

If the price can increase again, we might see another rally to the high price, and we will see the price can break another high price. So let's wait for what will happens later.

I'm still looking at the long run. So upon checking the chart on a daily timeframe.

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

There is significant major resistance on $12000 and major support around $11200. So IMO, if one of this breaks, for example, the $12K one, it will be bullish, and it's possible to reach the $17k that you want. If $11200 is broken, it's possible to reach $9k on that rally. No one could really tell for sure, but as long as we are aware and watching the market, we could utilize and take advantage of knowing the possibilities. Don't you think so?

$17k seems unreachable imho. All we do in last 2 months is just growing. Even though there were no news or cases to stimulate this growth. Bitcoin's price just grew from 9k to 11k by itself. This can't continue all the way till $17k. I might be a pessimist, but I don't think that the price can rise up to $17k. I expect the price either be on the level of $11k, or go down and touch $10k. Really cant see any reasons for growth.

Better to fall 9k again before heading to 17k$ because i have been waiting now to re enter half of my money since i have sold already some of my holdings.

I made a decision because reaching $12,300 for Bitcoin is really hard this year so when the price reached that i aggressively sold my coins and wait for the correction or downfall again because i am sure that greatness will happen either end of this year or mid of 2021.

i disagree on both sides for the same reason this type of prediction was wrong when price was in $9k range.

first of all bitcoin is in a rising mode and during times like this it is a lot harder for its price to go down than it is to go up. that means going to $9k (below 2 very strong buy supports at $11k and $10k) is a lot harder than going above $12k (the resistance).

secondly so after breaking a resistance we can always expect a jump which is usually due to panic buys but since $12k hasn't been such a big resistance and not for long enough time to shape such FOMO action, a >41% rise is not possible. such jump at this point would be to $14k range (>16% rise) which is a more reasonable speculation.

we had the same situation in $9k range too. the same people were predicting a fall down to $6k (some even to $3k) with the same flawed logic. the same rules applied then and they apply now too. we could expect a fall to $8k (a small drop) but a bigger rise was more possible with the difference that $10k was stronger resistance and had lasted longer.

A person who has said this is also not sure what will happens next (as we'll live that though). Similarly, we all have the same speculations citing for another pump or worried about dumps that will follow after this huge increase. However, I keep believing that the market will continue to move high and reach $15k, $17k, then...rather think a dump will show up $10k, $9k.

What the news says is also pure market speculation, the up and down of the market price is always happening. That is why people got into FOMO because of these unreliable resources, fake news, and many more that affect the minds of all crypto holders. That is also a reason why I don't give more time to hearing the news but rather to watch the market changes. It is enough to know where we go (probably).

Even watching market changes doesn't help a lot. Sometimes the news don't have any influence with the bitcoin price, other times its effect isn't that big.

"Fall up to"? Something doesn't fall up, it falls down. Aside from that I agree that $17k would be the one that could happen right now if you ask me. I know that $9k is quicker and easier, just bunch of bitcoins sold in the market could cause it to go down, when there is a chance that some bitcoin owners wanted to sell and when the market doesn't want to buy from that level the price would go down, that way it would go down very easily.

However going up requires a lot of new money to come into the bitcoin world which would be a lot harder. That is why $9k looks easier, but just because something is easier doesn't mean that it is more possible, we have seen bitcoin price going up before haven't we? We have seen it before and that is why I agree that bitcoin price would go up even though it is tougher possibility.

The previous resistance is usually going to be the strongest support after the breakout, this $12k I think is a strong resistance for now. If it really will go up to $17K soon and drop. It might just be on the $9500-9700.

That's a huge gap, I'd probably expect the higher leap also when it goes back up when it once again break the $12K resistance but this is always going to be speculation that will condition our minds.

IMO, there's gonna be a lot of support around the 11k range. Last week, after testing almost 12.5k, price went down to 11.5k but quickly bounced back. A week before that we also tested the low 11k's for a bit, and at the beginning of the month, after the massive spike in the price towards 12k, there was a drop but it stopped at 11k. I have a feeling 11k is gonna be the new floor from here on out

200 IQ post

I think both the outcomes have same probability.It can even reach $17K  as this year has been quite a good year for bitcoin till now so more growth can be expected  or it may even drop to $9K as the price is somehow stuck below $12K from last few days .So it is  difficult to predict exactly that what will happen in the coming days.It is also possible that soon a drop will be observed in the price and afterwards it will rise again.So let's see what will be the situation in the coming days.

Yes, this usually happens everytime Btc hits a maximum range, there will be short pull back or worse a correction below the support level. But that doesn't mean It would happen automatically. Everything still depends on the sentiments.

I would definitely not going to look at the short term perspective of Btc's price range, but rather I'd be more attentive in a long term output. If Btc reaches $17k in a short term period, then that means most likely Btc will be valued more than that in the coming months.
Nevertheless, the article says a more realistic range in a short term period Btc price movement.

As long as Bitcoin will not go to its 200 MA which is sitting at around $9k right now, I will be bullish and will lean on to that $17k price.

My prediction for short to mid term is that if Bitcoin will go below $11,000, chances are it will go below $10,000 and going even below $10,000 is the $9,000 like what you said and on the other hand, if Bitcoin will pierce and closes above the $12,000 for a few days, chances of going up to $17,000 is higher or it will not reach $17,000 but at least near that price.

Whatever happens, just be ready in both situations :D.

Looking at the price charts and as usual I use the MACD indicator and the weekly StochRSI I see that in the next few weeks there will be a price correction, but if it holds and doesn't go below $ 11k, chances of the rally will continue advancing higher, but if it goes away below it will probably be lower, so just wait about the next 1 or 3 weeks

Previously, bitcoin was also in the range below 10k but to try to redeem it takes time and of course in the end it can redeem and stay at the current level, now strong in my analysis we are now at 11.6 that's just a little bit of 12k in the analysis we can reach it in the near term and continue to go higher 13k maybe in a few months, but still now it won't be too bad a bear market.
This continuous pumping will be a lot of positive thinking and will not panic when things are not desired.

I am not sure Bitcoin fell again to the 9k position, strong suspicion Bitcoin can go up as the OP said.

Many things and the causes can be one of them (halved), or there are other factors.
Currently it is still at the $ 12000 level, to break the $ 17000 level, it is very easy, in my opinion.

On the daily time frame bitcoin's price has touched the resistence $12.341 and seem like the decreasing price right now just a retracement and still have a chance to go up to $13.900 as a nearest resistance. But yeah, if we see the current sentiment market bitcoin's price and most altcoin's price are decreasing and it has happened to gold price movement. It could fall to $9000 but there will be many trader/investor who buying it at the lower price because most likely we are still in the uptrend market.

We can not lose the possibility that it dumps anytime, we have witness this often and expectedly the market sentiment will remain like this. We find a straight uprising trend since we break the $10,000 resistance and continue to move higher reaching $12,000. The confidence that we move farther from this position is quite unclear, but somehow we are still positive that the momentum won't stop.

We can't deny that even the price trend keeps climbing but we can't also lose our worries that anytime soon the dumps will show up and bag holders will sell their coins at a cheap price. We can not certainly deny the fact that and things possible to happen but above all, I'm not thinking that we dump badly and goes down to $9,000.

Either way could happen so far the price is having a hard time gaining enough support to break the $12k barrier, still too early to tell I have confidence that we will eventually reach the $12k level and eventually $17k mark, this is the time that people are on a buying spree in preparation for the coming years, like what happen last 2015 to 2017.  

To sum it up, no one really knows what could happen next. The market price is quite stable at a certain point which makes it hard to expect for another price increase. To be honest I do expect a price correction on the following days simply because the rate of increase in the recent pump, is a bit fast, for the price to have a consistent uprise movement. In short, there is a chance for a correction to occur and no one knows when will it happen or if the opposite will occur, such that the price will again break the resistance. Maybe, waiting for a little longer before making an action, will be more advisable than to either invest or sell at this moment.

I keep repeating it, and I'll keep repeating it -- over the long term bitcoin will not be able to sustain prices above $10k. We'll be back under before the end of the year. Probably bounce around for years while generally moving down toward $1k. Clear as daytime light.

I placed a bet on 9k fall previously, Im about to be proven wrong because its not moving as fast as I bet.  Thats just gambling and equates to a guess, nothing wrong with that and I dont expect accuracy in perfection.

2 points touching on a trend line makes it low confidence, we'll hold something better when its been tested and held half a dozen times previously.   The reason 9k over 17k would be gravity mostly, not only is 17k further away its likely harder to get to then the simple process of people cashing out previous gains.    Theres always a balance as well as momentum to the price, we need more demand and less supply for 17k I think.   It will happen over time so long as population in BTC keeps increasing but people grow impatient and move on besides that some are leveraged and must repay borrowed money so we call this hot money as its not held.

This doesn't really gave any sort of date though, did it? I didn't see one. So that means $9k and $17k both will happen I think, price will eventually hit to $9k, maybe not tomorrow, maybe not in 6 months, maybe not in few years, but EVENTUALLY it will reach to $9k, that would happen. On the other side of the story, $17k will happen as well, that will happen with the same logic as well, it will go up maybe tomorrow, maybe in few months, maybe in years but it will reach to $17k for sure.

So, there is no doubt that price will not go up, it will eventually both go up and down. But, if we really want to make sure which one will happen next, I agree with that next looks like $14k or so, that is a lot more possible, it is close enough to make it realistic, other options are wee bit further away.

Expect this brief rally to end soon, RSI is close to breaking the upper limit and the 55 period MA is about to cross the 25 period MA. At best we can be optimistic and hope it enters a sideways trend like it did during August 24.

https://i.imgur.com/rCbe17t.png

17 grand seems like a kind of meaningless figure to me. I would've thought the space between 14 or whatever the previous high was and the ATH is open country.

Since it seemed very, very comfy around the $9000 level a return to that seems vastly more likely. I don't think we get any novel action until the start of next year but maybe the end of this one will provide some fun.

What happens to bitcoin movement is normal and now bitcoin price is around $ 11,300 after dropping a bit, it looks like the current bitcoin price will tend to be around $ 11,000 and but there is a possibility that bitcoin price will change towards the end of the year will reach $ 15,000 or vice versa drop to $ 9,000 .
and all of them are just predictions that are not necessarily correct and most importantly remain optimistic and trusting because bitcoin always provides good returns in the long term, and depending on the analysis and the desired price to sell it back for a profit.

that's true you keep repeating the same bullshit on each cycle and just change the number. you did the same in 2015-2016 at the beginning of the bull run saying it is and i quote "confirmed fact that bitcoin will continue its historical down trend" while price was rising towards breaking the previous ATH and continuing to the new one, exactly like today.
you repeated the same thing in 2013, 2012,... and basically each time the rise is starting :D

Either of the 2 mate will favor me,i have been holding my Bitcoin until now so if this reach $17,000?i am one of the most happy investor then.
But also if the price fell down to $9,000 again>then i have another capital to re invest and add to my holdings.
We must be ready then mate because we knew that correction or some dumps will happen before the 4th quarter starts.
Of course i am looking for the Hype and that is $15,000 and up but I', also ready id the fall happens this is why i am neutral about the situation.

That's why $17K is as good of a guess as $15K or anything else in that range. I'm pretty confident we'll get a brutal (35-40%) correction somewhere north of $14K and south of $20K, but there's really no obvious technical resistance to point to. We'll just have to wait and watch momentum, and be on the lookout for a failure.

The word can depends on the scenario, when we have a pandemic and there was massive crash that situation offers a possibility of a  big crash so far the possibility that Bitcoin can dip $9k is more remote than Bitcoin reaching $17k because things are moving fine now we have a lot fo buzz around like DeFi people switching their investment to Crypto.

ill try to be honest this time and i will say that btc can fall back to 9k usd  . thats more possible than hope'ing for btc to reach 17k usd , that is we expect for short term results  but for long term expectations , 17k usd is still possible .  

bitcoin already slipped at 11.2k usd but the price hold on and returned , then it falls back a little but not yet to the point that it lay around 9k usd

Bitcoin can retrace the path down to $9k and because of the selling pressure we can see it go even lower to the $8k levels. The chances of the price even getting above $14k is pretty less and I believe there can be a recheck of the resistance now and if that also fails then there would be a dip in the price of bitcoin but not that deep, just a small one and from then onwards for me it will get confirmed that the bull market is over and I have to do a few arrangements to my accounts.

According to the figures for the past year, bitcoin has already shown almost 92% of the income for its owners, which is several times higher than the indicators of other assets.
But today, most analysts predict income up to 100 percent or more, and this will happen in the first year after halving 2020. In addition, one must take into account geopolitical risks and even the US presidential election. The fact that Bitcoin rose more than $ 12,000, and today dropped to $ 11,450, is just a small correction in the market.

If we based that from this figure then it's right. Bitcoin holders are gainers from the past year as we
do see continuous growth and positive movement.



We do need those information and analyze how it might effect the current trend, we need to base
our decision coming from facts that really affects the market.



Bitcoin still holding and trying to regained, not an easy task to analyze but it is indeed needed to
keep you moving forward.

As everything is going, anything can happen, this is the interesting thing about this world, volatility does its part, I think there is a very good injection of money into the market, there are more investors entering, the movements have occurred with a considerable volume, whatever person can say that everything is ready for a new ATH, but it is better to wait and buy what you can, at this moment the smartest thing is Hodl.

I just hope that the price will not go down below $10k because if that happens, I cannot imagine what people will react, especially if they still hold bitcoin that they buy at $11k. But I think some people already cut their bitcoin's loss because today, the price is down again and reach $11,300-$11,400 level, and the price has the chance to go down for further.

We hope that the bad news will not make the price go down, so people will not confuse and panic. I am sure that it is just another correction that will always happen to bitcoin price, so after this drama, the bitcoin price will have more chances to break every high price. You need to be ready by watching the price moves because we never know if the price will go down or go up this day.

Even with coronavirus still around? No, I don't think it can hit 17k.
A lot of people holding bitcoin may want it but it's a low percentage to happen.
Back to $9k might even have a higher chance than a pump.

Not much buyers. Usage is still low. What drastic reason could there be to make a pump?

Some medicine company are already on the final stage of there trial of vaccine for COVID-19. According to them, Vaccine can be used next year so it pump can happened. DeFI coin drive the price up of the whole community including BTC. You are right that there is a chance that it will fall to 9k  because of correction due to huge gap on MA. Correction can't avoid especially when the coin is already oversold but 17k is possible but not this year. Maybe early next year or magically on last week of december just like what happened on 2017 bitcoin pump to ATH.

You right. By the way, I sold my bitcoins (earnings from a signature campaign) at the price level of $ 12,300. In principle, now I have made a good profit if I buy them back, but I think that the fall will continue, so I will wait for an even more profitable option.

Glad I didnt give up on my early bearish take, it is generally weak for this moment and a bit of a momentum stall basically.   We have to build up a picture of why and how much of pullback is due.    Always crypto will fight and try to go upwards while declining and its hard to sort which is the dominant of the two.   

https://talkimg.com/images/2023/06/12/Ao2Gd.png

Still looking for strength and support long before we come near 9k but imo it is feasible to get there but probably much further out then straight away now I was thinking upto a month from now.     Graph shows us touching weekly average, not able to break upward and also now below a rough monthly measure.   We're in a negative phase to price action, I'll look at daily also to out rank this 200 day is the obvious foot hold.

The price is not really looking like it is going down that easily. We have seen over $12k and that was a great moment however one thing is for sure, when it went down it could have hit the $9k price as well but it didn't that means bitcoin is not bearish, if it was bearish the price would have hit lower but it didn't that means buyers are still around and they are still keeping the price higher as well, that is why I believe it is hitting $17k first, not because it is bullish but because it is not bearish at all.

Being bullish and being "not bearish" are different things and I believe right now the price is not bearish which means the price is doing alright for now and until something changes and it becomes bearish there won't be anymore falls and that is why I believe we are going to do well.

Bitcoin at $11 k I don't think it's bearish, when we are struggling to get at $11 k for almost two years, I'd like to believe that we are in a bull trend, and price will eventually reach another all time high, it's only a matter of time, the buying motivation is going strong many investors are now turning to Bitcoin to protect their assets and investment.

I agree. Technically, the +/- $ 1,000 is the natural fluctuation of the bitcoin price. Another thing is that the bullish trend has already ended and many people believe that its resumption is unlikely without a more or less prolonged bear market.

The first one will be 17k if you ask me. I am not saying it will happen right away but if you ask me "which one bitcoin will hit first, 9k or 17k?" I would answer that with 17k, I believe that bitcoin is still on a bullish run and the price would go up very soon as well, this 12k try is not over, we tried it once and went down, we will try again and will go above and stay there this time.

When we go above 12k and not go down that will be a big sign of bullish run and more people will come and when more people comes there will be a lot more going up as well since new people means more money going into bitcoin and more money going in bitcoin means higher price of bitcoin as well. I am not sure if it will be like that forever because eventually it will go back down but we will definitely hit 17k first.

So, if you are so confident in this, then there is a great opportunity for margin trading now? We can bet on growth up to 16k (for safety net), while choosing a margin trading ratio that will not liquidate us even at 8k (also for safety net). It seems to me that if such a bet works, then we can get a profit of about 50% only on this one move  ::)

Lets be positive, bitcoin will rise up more than 17k this year. No matter what happen im still confident that bitcoin can reached its new ath within this year. Thats how strong bitcoin is.

of course we are ,  being positive is better than being negative  . the more you think of that thing the more it will happen , you dont want negative things to happen arent you  . 

yeah men thats will happen  . btc might be down this time but lets ignore that fact , price can comeback an it will continue to 17k dollars  but 17k dollars is not the ath for btc mate just so you know  .

Bearish certainly will not be close at this time the market movement will continue to be prolonged according to what is happening with the current trend, many people are already convinced that the value of bitcoin will soar even though fluctuations continue to haunt other investors but I am here strongly confident that the upward trend will continue where many of these DeFi projects could possibly increase to the bitcoin price.

The bear market wouldn't be so bad this year if they weren't in a state of panic which is what could cause the market to get worse.

You are very optimistic, but there is little time left until the end of the year. At the moment, I am not observing any reason for a sharp price movement to begin (maybe the second wave of the coronavirus will fix this? I hope not).
And as it was already written to you, the ATH of bitcoin is slightly above 17k  ;)

But the crisis could be a big boost for bitcoin's growth, right? All governments print money in order to revive the economy and, in theory, values that cannot be printed (such as bitcoin) should seriously increase in value. All the years of bitcoin's existence, we have heard that it is an anti-crisis asset and now is the time to prove it.

I feel like whatever happens will happen very quickly, we have been stable once again for a while and there hasn't been anything that really changed recently, so that really makes you hopeful about the future of bitcoin and crypto, if the price has been so stable for so long, shouldn't it move very soon? That is what people really assume because nobody thinks bitcoin could be the same price for over a month, we all know eventually it has to change.

Look at the moment we broke over 11k, ever since that moment we have been expecting bitcoin to finally go above 15k for the first time since 2017 peak and some others expected it to go down, and for the longest time it hasn't done that. We are right now at longest time bitcoin has been over 11k, even when we became 20k we dropped under 11k quicker. So, that has to mean something.

Bearish outlook into the weekend was slightly unusual last week, but then its risen ever since quite regularly all weekend and confirming weekly average as a low recently.    Its touched both sides of this upper range, the 27th Aug low was the closing price for 29th July and part of the bullish formation.

https://talkimg.com/images/2023/06/12/AhO5b.png

Recent pricing doesnt give us more then a cycle in the upper range, it remains bullish while able to keep confirming pricing here.

Bearish outlook into the weekend was slightly unusual last week, but then its risen ever since quite regularly all weekend and confirming weekly average as a low recently.    Its touched both sides of this upper range, the 27th Aug low was the closing price for 29th July and part of the bullish upper formation.

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

Recent pricing doesnt give us more then a cycle in the upper range, it remains bullish while able to keep confirming pricing here.

Yeah it looks like were heading somethig good in the graph that shows constant rise over the period of time. The problem is that we are uncertain if it will going to happen whether it will going for a bull run or not.

In the looks of the graph were heading to bull run. I think I will going to make a regret for selling some parts of btc after the target has been achieved which is 12k$. Anyway, I still some part of it and will be happy to hold it for a while or even buy some part of it. Who knows bull run is on the way. I am still confused and undecided.

Your prediction is coming to the past as BTC is hovering around 10k which if breaks, 9k is inevitable. Can we still experience all-time high this year due to this sharp drop in price? Time will surely tell.