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Title: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: Jeremy Franklin on September 30, 2020, 01:37:21 PM I just found an intersting article on Cointelegraph.com. With the current Bitcoin prices we are "on track for the second-best quarter ever." What do you guys think? When will we see the next best quarter ever? Will it be Q4 this year? I am confident that we will see it in 2021 latest.
Bitcoin quarterly closing prices: https://i.imgur.com/0DoErQY.jpg (https://cointelegraph.com/news/at-10-600-bitcoin-price-is-on-track-for-its-second-best-quarter-ever) Quote At $10,600, Bitcoin price is on track for its second-best quarter ever Data shows Bitcoin should seal both its best Q3 on record and its second-highest lifetime quarterly close on Sep. 30. Bitcoin (BTC) is on track for its best third quarter ever, data shows as Q3 2020 has just one day left to go. According to price records from on-chain analytics resource Skew, this year should produce Bitcoin’s strongest Q3 in its history. BTC price challenges Q2 2019 close BTC/USD traded at around $10,680 at press time on Sep. 30. That number comfortably beats any other Q3 close on record, the next highest being last year’s $8,310. What’s more, Bitcoin may seal the second-best quarterly close of its lifetime — but that depends on whether it can stay above Q2 2019’s $10,590. “One more day to go and still looking like second-best quarterly close for bitcoin but it's a close call with Q2 2020,” Skew commented. Bitcoin has stabilized in a $1,000 trading corridor since losing momentum after hitting $12,500 in August. The opinion is mixed for the short term, and concerns remain that BTC/USD may still drop to fill the last remaining CME futures “gap” at $9,600. “There’s a rangebound structure with the upper resistance zone at $10,800,” Cointelegraph Markets analyst Michaël van de Poppe summarized in an update on Tuesday. If BTC/USD fails to crack that resistance, he said, it was “very likely” that support levels lower down would be tested, notably $10,600, with potential for $10,400 and $10,200 to come into play. Long term bulls in charge Zooming out, however, the picture more conspicuously favors bulls. As Cointelegraph reported, long-term behavioral patterns remain true to form for Bitcoin, with this week proving no different. Difficulty ribbon compression, a metric designed to quantify suitable BTC/USD entry points, has left its lower green “buy” zone for the first time since March. Network fundamentals also speak to overall strength, with difficulty itself at all-time highs and set for another upwards readjustment of around 3% in three days’ time. Hash rate, a measure of the estimated computing power being directed to mining, is also trending back towards its highest-ever levels. Among traders, however, discussion remains of potential near-term lows, including a dip below the CME gap toward $9,000. Source: https://cointelegraph.com/news/at-10-600-bitcoin-price-is-on-track-for-its-second-best-quarter-ever Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: BrewMaster on September 30, 2020, 04:23:22 PM i can't tell you when better quarters are going to be seen or when certain price levels are going to be broken. but i am very confident that from now on things will increasingly become more bullish and price is going to start showing more and more rises over the long haul while entering the similar trend as beginning of 2017 creeping closer to the ATH aiming to break it.
Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: okala on September 30, 2020, 05:14:18 PM Another reason for us to keep holding. I see this as bullish sign. I believe that the next qter is going to massive gain. It is truth that bitcoin is on it best this 2020 and it might moon this year again.
Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: sunsilk on September 30, 2020, 08:06:48 PM The rejection from $12,000 is a good sign IMO. The only thing that I've noticed with the pattern is the 3 quarters closing for 2017 and 2020 are the same. But for the Q4 of 2020, we'll see if the pattern goes the same.
Q1 + Q2 + Q3 + Q4? Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: Baofeng on September 30, 2020, 11:00:22 PM Another reason for us to keep holding. I see this as bullish sign. I believe that the next qter is going to massive gain. It is truth that bitcoin is on it best this 2020 and it might moon this year again. This is already a bullish sign, bitcoin above $10k at this point, but don't get excited though, still a lot of room for us to make huge gains in the next coming months, specially q1 and q2 of next year. One thing that might pull us down though this quarter is the pandemic, however, it seems crypto has settled down a bit with this issue. Also interesting to see how stock market will move us all, as it has some correlation to crypto direct or indirectly. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: Distinctin on September 30, 2020, 11:32:10 PM Another reason for us to keep holding. I see this as bullish sign. I believe that the next qter is going to massive gain. It is truth that bitcoin is on it best this 2020 and it might moon this year again. This is already a bullish sign, bitcoin above $10k at this point, but don't get excited though, still a lot of room for us to make huge gains in the next coming months, specially q1 and q2 of next year. One thing that might pull us down though this quarter is the pandemic, however, it seems crypto has settled down a bit with this issue. Also interesting to see how stock market will move us all, as it has some correlation to crypto direct or indirectly. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: ultrloa on September 30, 2020, 11:52:44 PM Another reason for us to keep holding. I see this as bullish sign. I believe that the next qter is going to massive gain. It is truth that bitcoin is on it best this 2020 and it might moon this year again. This is already a bullish sign, bitcoin above $10k at this point, but don't get excited though, still a lot of room for us to make huge gains in the next coming months, specially q1 and q2 of next year. One thing that might pull us down though this quarter is the pandemic, however, it seems crypto has settled down a bit with this issue. Also interesting to see how stock market will move us all, as it has some correlation to crypto direct or indirectly. It's human nature to ask for more since many want to earn but actually in reality we get those figures coming frequently since the market is always unpredictable although we are quite stable at the current price still I can call it a good figures to reach up since at this moment we are still facing a crisis. But I do agree with bitcoins will have a great future since it always show a strong growth every year of it's existence. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: AmoreJaz on September 30, 2020, 11:57:36 PM Another reason for us to keep holding. I see this as bullish sign. I believe that the next qter is going to massive gain. It is truth that bitcoin is on it best this 2020 and it might moon this year again. This is already a bullish sign, bitcoin above $10k at this point, but don't get excited though, still a lot of room for us to make huge gains in the next coming months, specially q1 and q2 of next year. One thing that might pull us down though this quarter is the pandemic, however, it seems crypto has settled down a bit with this issue. Also interesting to see how stock market will move us all, as it has some correlation to crypto direct or indirectly. It's human nature to ask for more since many want to earn but actually in reality we get those figures coming frequently since the market is always unpredictable although we are quite stable at the current price still I can call it a good figures to reach up since at this moment we are still facing a crisis. But I do agree with bitcoins will have a great future since it always show a strong growth every year of it's existence. btc is really performing well regardless of what the global population is experiencing right now. the whole world stopped for a moment, but btc survives. and with this situation, it has become its advantage as there are many newcomers in crypto. whether owed to being stuck at home and learning more about crypto or people looking for alternative payment methods as well as potential investment options we will always ask for more and not be contented for what is presented to us. i guess we are pretty much greedy animals! lol Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: Oceat on September 30, 2020, 11:59:35 PM I'm not really bullish this year when it comes to the price since there's a lot of stuff happening already. Breaking $15k is quite hard though but $10k+ is a bullish enough if you could think about it but that's it. I'm expecting a massive gain by next year for investors a quiet good trade to us who hodl a lot from the start since the price is quite low.
Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: GreatArkansas on October 01, 2020, 12:54:03 AM For the year 2020, quarter closing prices are increasing, which is a good sign for me, it's a bullish out there. This is one of the examples that we can say we are currently on the uptrend. With these kinds of prices, I am much glad and comfortable with it.
Because there is no lot of abrupt dumps or pumps, like if you will put in on the technical part, on the chart, a wick on candlesticks. This is healthy. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: Coin_trader on October 01, 2020, 01:11:25 AM I'm not really bullish this year when it comes to the price since there's a lot of stuff happening already. Breaking $15k is quite hard though but $10k+ is a bullish enough if you could think about it but that's it. I'm expecting a massive gain by next year for investors a quiet good trade to us who hodl a lot from the start since the price is quite low. This is year is very bullish for Bitcoin, From another low @3K level then pump to 12K is a very bullish. If that's not bullish then I don't know what's the meaning of bullish for you. BTC price is currently on uptrend based on the weekly chart of BTC, There's still a lot of potential growth within this year for BTC because it close the gap on 9.8k level when it pumps to 12k level. That means that we already balance the overbought and soon traders will start entering position again for another bull run. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: hugeblack on October 01, 2020, 04:37:35 AM All these press analyzes come from the rule that the price rose madly at the end of the year 2016, which is the same year in which there was a reduction in the quantity supplied, and thus the price will rise madly to reach levels of 20,000 dollars before the end of the current world.
I do not see a logical basis for the repetition of what happened to happen again. Therefore, there is no logical reason for us to witness more rises at the end of the year, especially since COVID-19 crisis is still stagnant. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: maydna on October 01, 2020, 04:50:14 AM We still have 3 months later before the end of this year so that everything can happen. And if the history repeats, perhaps, we will see bitcoin price will start a big rally between October - December 2020. But if bitcoin price seems hard to rally to break more than $15k, then we might not see bitcoin price will break that price this year.
We are still at the pandemic, which we don't know when it's over, and perhaps, that also impacts the bitcoin price. But every news that we read is just speculation or prediction from people while we don't know what bitcoin will go to do for the rest of the month this year. We should prepare if the price will start the rally and make the next bull run, so we are not late to join at that moment. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: cryptomaniac_xxx on October 01, 2020, 05:23:31 AM I'm not really bullish this year when it comes to the price since there's a lot of stuff happening already. Breaking $15k is quite hard though but $10k+ is a bullish enough if you could think about it but that's it. I'm expecting a massive gain by next year for investors a quiet good trade to us who hodl a lot from the start since the price is quite low. Many had happened already, from block halving to the pandemic, but the price seems not affected but instead we have a good showing currently at $10k that that is bullish enough for me. I agree that there are big expectations next year, as everyone is still holding on the 4 year market cycle. Bullish 2020 and also might be a good period for accumulation still.Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: slaman29 on October 01, 2020, 06:58:11 AM Final quarter is always a risky period for economies, and the past few years have not been good in general, this year I think is going to be the worst on record for the last decade thanks to coronavirus, so I think that will have a big say in how economies react. Not necessary that this will be good for Bitcoin I think, because it has yet to truly decouple from traditional markets. As usual, we can only see and wait:)
Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: el kaka22 on October 01, 2020, 03:38:46 PM The fact that people do not remember 2017 peak being incredibly short and not a whole quarter scares me. Reality is even though bitcoin saw great peaks at times it wasn't like that for a long time, it wasn't like that when it was 20k, it wasn't like that when it was 14k in 2019 and it is for the first time staying above 10k this long, in fact it has never stood above 10k this long before, this is a record.
You have to understand that bitcoin to moon was a thing said many times but people kept thinking 15-20k range was something bitcoin done before so they expected it again whereas it was never there for too long, only few days, and this is why being above 10k for this long makes a big difference, it means we are finally setting a base higher than 10k for the first time ever. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: Oceat on October 01, 2020, 04:38:55 PM I'm not really bullish this year when it comes to the price since there's a lot of stuff happening already. Breaking $15k is quite hard though but $10k+ is a bullish enough if you could think about it but that's it. I'm expecting a massive gain by next year for investors a quiet good trade to us who hodl a lot from the start since the price is quite low. This is year is very bullish for Bitcoin, From another low @3K level then pump to 12K is a very bullish. If that's not bullish then I don't know what's the meaning of bullish for you. BTC price is currently on uptrend based on the weekly chart of BTC, There's still a lot of potential growth within this year for BTC because it close the gap on 9.8k level when it pumps to 12k level. That means that we already balance the overbought and soon traders will start entering position again for another bull run. Many had happened already, from block halving to the pandemic, but the price seems not affected but instead we have a good showing currently at $10k that that is bullish enough for me. I agree that there are big expectations next year, as everyone is still holding on the 4 year market cycle. Bullish 2020 and also might be a good period for accumulation still. Accumulation process has began already from the start when Bitcoin touch the $6k level and I hope people didn't actually dump it already when they saw a $13k this year or they might miss the bull run next year. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: DeathAngel on October 01, 2020, 07:24:03 PM All I know is that 2020 is not the year to start selling your stash. The mega bull run will come next year. Historically the peak of a bull run is at least 12 months AFTER the block reward halving.
Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: arwin100 on October 01, 2020, 11:03:43 PM Accumulation process has began already from the start when Bitcoin touch the $6k level and I hope people didn't actually dump it already when they saw a $13k this year or they might miss the bull run next year. For seeing those dumps happening I'm sure many people got scare and dump when price going backwards after reaching the $13,000 price, but if they don't do a good counter action today then might they will really miss the projected bull run that will happen next year. But honestly I have a little doubts that we will encounter the same bull run the same on 2017 since the hype by this year is not much compare before and I think we can see a minimal changes. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: Baofeng on October 01, 2020, 11:56:58 PM Another reason for us to keep holding. I see this as bullish sign. I believe that the next qter is going to massive gain. It is truth that bitcoin is on it best this 2020 and it might moon this year again. This is already a bullish sign, bitcoin above $10k at this point, but don't get excited though, still a lot of room for us to make huge gains in the next coming months, specially q1 and q2 of next year. One thing that might pull us down though this quarter is the pandemic, however, it seems crypto has settled down a bit with this issue. Also interesting to see how stock market will move us all, as it has some correlation to crypto direct or indirectly. That's why it's really better to set our expectations vs reality. Because we all wanted to see a price that will satisfy us, however, that's not how the market is, it is a up and down, a lot of bumps along the way. So $10k is really good for this year, not bad for us because who wouldn't thought that we will see five digits again after the crash last March. So again, bitcoin shows its resiliency along the way, but it will not be that easy. So set our expectations, but not too high though, so that we won't get disappointed in the end. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: Upgrade00 on October 02, 2020, 06:12:55 AM people kept thinking 15-20k range was something bitcoin done before so they expected it again whereas it was never there for too long, only few days, and this is why being above 10k for this long makes a big difference, it means we are finally setting a base higher than 10k for the first time ever. +1The last bull run leading up to the current All Time High was quite similar to a bubble as the price rose quickly after very volatile couple of months to the range of $18k-19k during the end of 2017, and within a few months it fell back down to the range of $6k in 2018, and then further below to $3k+ in 2019. This year however, we have had slow organic growth which has reduced the volatility and built strong resistance (above the $10k range) which would support the price during a correction after a spike. For seeing those dumps happening I'm sure many people got scare and dump when price going backwards after reaching the $13,000 price, Such panic sell offs lead to further dump in the market value as investors swooped in to get some cheap bitcoins. We probably have more institutional money in Bitcoin now than ever before and companies are switching to a Bitcoin standard; using it as a reserve currency, this means stronger hands and less panic sales at a price scare.Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: judeafante on October 02, 2020, 01:04:18 PM I just found an intersting article on Cointelegraph.com. With the current Bitcoin prices we are "on track for the second-best quarter ever." What do you guys think? When will we see the next best quarter ever? Will it be Q4 this year? I am confident that we will see it in 2021 latest. Bitcoin quarterly closing prices: https://i.imgur.com/0DoErQY.jpg (https://cointelegraph.com/news/at-10-600-bitcoin-price-is-on-track-for-its-second-best-quarter-ever) Very interesting chart let's see how it goes we have two months to go, I hope the trend will continue and we will see another all time high again, people should see and analyze this chart this is something to believe that another all time high is coming, but what if it go on another direction then we will have a new trend to analyze. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: stompix on October 02, 2020, 03:19:46 PM Depends a lot of what you look when you say best Q3.
The highest price, yeah, biggest increase? No. For example, the price went up by 1.5k$ but only a 20%, compare that to Q3 in 2017, 2k$, and nearly 50%. And there is another thing, Q1 2018, was also the best quarter in history with an increase of over 5k and 400%, but, it was still way down from the peak, looking good from those metrics but during it, Bitcoin saw its worse decline in raw fiat terms. I really don't like drawing conclusions from just the closing price at the end of a quarter, it doesn't tell even one quarter of the story. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: beerlover on October 02, 2020, 05:33:13 PM Q4 of 2017 wasn't even that amazing neither by the way, people assume that the average is high so it must be high but the main reason why it was so high is the fact that it was 20k for a while which made the quarter go up on average, there was plenty of times when it was under 10k, in fact there was moments when it was under 6k as well, it was 3k when the quarter started.
That didn't happened with this quarter, during this quarter we actually stayed above 10k all of the months, we didn't dropped under 10k at all, which tells you how great bitcoin is this quarter, even on the best one we were under 6k whereas on this one we are above 10k at all times. The only sad part that we lack now is the huge increase, we had 20k at that time, we haven't even seen over 15k for years though. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: Emitdama on October 04, 2020, 04:42:11 PM Best quarter as in highest price, and that is what matters, if you are a trader you may want the biggest increase and that is in your right because you are a trader, however best quarter in price is what we are talking about here.
If the price keeps this up and goes even higher, Q4 will be even better as well. Just because we moved to 20k back in the day doesn't mean it will stay the best quarter, it was only 13k, so if we go above 14k and stay there on 4th quarter and we do not reach 20k at all, we won't have the highest price ever reached yet we would still have the highest price average ever reached at the same time. This is what the chart talks about, not the other way around, obviously the biggest increases happened early on, they can't happen again anytime soon. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: pilosopotasyo on October 07, 2020, 04:20:08 PM I just found an intersting article on Cointelegraph.com. With the current Bitcoin prices we are "on track for the second-best quarter ever." What do you guys think? When will we see the next best quarter ever? Will it be Q4 this year? I am confident that we will see it in 2021 latest. Source: https://cointelegraph.com/news/at-10-600-bitcoin-price-is-on-track-for-its-second-best-quarter-ever We'll see if it will play out that way, and I have seen a lot of thread about studies on the chart showing similar patterns if this year is no different from all the years we've gone through then we have to prepare by buying more and checking our portfolio, people are anxious on the movement of the price, the last three months is going to be very interesting for us. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: sunsilk on October 09, 2020, 11:29:58 AM We'll see if it will play out that way, and I have seen a lot of thread about studies on the chart showing similar patterns if this year is no different from all the years we've gone through then we have to prepare by buying more and checking our portfolio Just checked the prices rn. It's another lovely day to see bitcoin hit back to $11,000. Now, we're going to see if it's going to sustain the price of $11,000 again or we're going to see another rejection which will send bitcoin back to $10,000.people are anxious on the movement of the price, the last three months is going to be very interesting for us. You expect this most of the time. We get anxious as we're looking to a very volatile asset that we don't know how long, how slow it will move positively and how quick it will be in recovery and in dumps.Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: Febo on October 10, 2020, 03:13:04 PM I just found an intersting article on Cointelegraph.com. With the current Bitcoin prices we are "on track for the second-best quarter ever." What do you guys think? When will we see the next best quarter ever? Will it be Q4 this year? I am confident that we will see it in 2021 latest. Prices itself dont tell you much how good quarter is you need to calculate how much price increase or decrease in a quarter. Also Bitcoin did not start in 2014 but in 2009 and got valued at the end of 2010. Oh and for a 2nd best quarter Bitcoin would need a 600% increase, what I dont belive will ever happen again. https://i.gyazo.com/afb6f11bbb8fde9c4e498985fa6ecb3d.png Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: sana54210 on October 11, 2020, 03:20:13 PM The last quarter will definitely be interesting to watch, October/November/December is always a very disturbing period. Everyone remembers that in 2017 we have moved from around $3k levels to $20k levels and that is why they think it is quite possible that we could make that type of movement, but at the same time in 2015 we went down, in 2018 we went down further, in 2019 it did went down a bit but not much, so basically all around we do go down during the last three months more often than we go up, which is why it is a big dangerous.
So, I am going to be worried about my bitcoins but I am not going to sell them neither, I will sell if it goes beyond $15k, it can go to $30k all I care and I won't mind as long as I can sell at $15k but I am also worried it may go down as well which scares me a bit. Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: cryptomaniac_xxx on October 15, 2020, 11:32:51 AM The last quarter will definitely be interesting to watch, October/November/December is always a very disturbing period. Everyone remembers that in 2017 we have moved from around $3k levels to $20k levels and that is why they think it is quite possible that we could make that type of movement, but at the same time in 2015 we went down, in 2018 we went down further, in 2019 it did went down a bit but not much, so basically all around we do go down during the last three months more often than we go up, which is why it is a big dangerous. We have a history of December being a good month short term, so it will be interesting if it will hold up this 2020 as there have been lots of events, like the block halving and the pandemic. So I do hope that it will be a big December run, followed by short dip at the end of the year.So, I am going to be worried about my bitcoins but I am not going to sell them neither, I will sell if it goes beyond $15k, it can go to $30k all I care and I won't mind as long as I can sell at $15k but I am also worried it may go down as well which scares me a bit. I just hold a few but I'm not selling below $20k, I have my price goal when to sell or at least if I see that I will have a good profit and take at least 50% because I have plans on what to do with my money in 2021.Title: Re: Article: At $10,600, Bitcoin price is on track for its second-best quarter ever Post by: kentrolla on October 15, 2020, 04:55:37 PM The last quarter will definitely be interesting to watch, October/November/December is always a very disturbing period. Everyone remembers that in 2017 we have moved from around $3k levels to $20k levels and that is why they think it is quite possible that we could make that type of movement, but at the same time in 2015 we went down, in 2018 we went down further, in 2019 it did went down a bit but not much, so basically all around we do go down during the last three months more often than we go up, which is why it is a big dangerous. So, I am going to be worried about my bitcoins but I am not going to sell them neither, I will sell if it goes beyond $15k, it can go to $30k all I care and I won't mind as long as I can sell at $15k but I am also worried it may go down as well which scares me a bit. Well I feel like some miracle might happen this time as US election can probably Change things, I agree the last quarter is always risky but it gives opportunity as well like it did in 2017. Worries and sorrows are not going to resolve our issues it's up to us as you know crypto is a risky and volatile asset we always need to have a look on our portfolio. |
