Bitcoin Forum

Bitcoin has risen its price from the start, which was $0.08 per coin until now which is $14912.
today, I was reading a post on CoinBazar724.com  (http://CoinBazar724.com)which was directed from cointelegraph.com saying that BTC may reach to even $17k!!!

Do you think this is possible?

since BTC is not remained too much, some people say it may even reach $100k!!
in this manner, do you think it is worth the risk to buy bitcoin?  :'(

Nobody knows where the price of bitcoin is heading to for now, but it seems more bullish than ever before since 2018, with the way traders are trading future and margin, I think it is very possible. PayPal and other news related to banks wanting to be providing crypto services are parts of the reason for the increase.

Buying is good but I can mention to you to be patient and wait little for a pull back before enter is free. The bull has been on for more than a month without major pull dropping and that can be happening anytime from this time. But bull looks a good trend to buy in .

Yes.

From $10k - $15k, very possible. But wait and see as there will be some bit of drops coming its way.

Yes too.

Only time will tell when it will reach $100k. If it's not worth to take a risk and buy bitcoin, we won't be staying hodling it until now. But as you see, holders always win and panic sellers and holders that don't have much patience always sells at any uncalled price.

When it comes to buying decision then it all lies or vary with someones decision yet we do have different levels when it comes to risk management.

If you can risk then go ahead but if not then wait for some pullback or decrease in price but basing of on the current movement which its likely to be unstoppable.

For now its better to anticipate on hitting up 20k or its previous ATH rather than talking about 100,000 price which isn't something that can be attained in couple of years.

For now lets just cherish on the profits that we had made for those people who sell off.

By the looks of it, trying to see bitcoin reaching 17k lacks a lot of vision. We have moved from 9-10k levels and even lower during the pandemic period (which we are still in but I am talking about spring time) where price bottomed as much as 5-6k and now we are almost at 16k right now, and you wonder if it could reach 17k? Why not wonder if it could be 20k+ and break new all time high? Why not wonder about 30k and do a double?

Those are things that could actually make a big bang noise all over the world when that happens, 17k is just 1.5k or so away from where we are right now and is like a 10% increase in bitcoin which to be honest is not a big deal. Bitcoin can do 10% increase in its dream, it could happen while you are sleeping and wouldn't really be a huge news when you wake up, 17k is as possible as it gets.

There's a good chance it'll reach high (or very high) values. But nobody knows when. And in between time it can also fall big and stay low for long periods of time.
Keep in mind that some bought Bitcoin in 2017 at almost 20k USD and Bitcoin has fallen during the next year to some 3k USD levels. This can be a problem for many.
Bitcoin will probably get to very high prices, but the road til there may be easy or may be tough.
So it's up to you if you consider worth it. You should invest money you are not afraid to lose or keep locked for very long periods of time.

This is the same question when Btc was still $100 and so on. Investments are always risky, whether you like it or not. If you're old enough in crypto space you should already know the capability of Bitcoin's future.
I guess, you have heard enough about the bullish speculations that Btc might reach $50k or $100k, and If you miss another opportunity, this the same question will be asks again when Btc is beyond $100k.

Listen to me

You say "I was reading a post on CoinBazar724" but it's your website! You even have a link in your profile. Do you think everybody is dumb here?. Yes, I hope you read your website, at least before publishing:D

"do you think it is worth the risk to buy bitcoin?"

People keep asking this question every X months. When BTC was @$200  people asked the question already, and often didn't do anything. I suppose they preferred to buy @$10k </sarcasm>

Talking about the price, people keep speculating on any price, $0, millions, trillion, etc without arguments or with fantasy, the same way you choose numbers for the national lottery.

If you need Bitcoin as a payment means, yes buy it, you don't care about the price. If you use it as an investment, can you afford to lose money?

Depends on why it rose thus far, that would be the main indicator of the future the past action.     It seems possible more probable then previously because this price range is unchartered in recent years, so its gotten past resistance and regular selling.

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

Here I spotted an area of short term support that could be an indicator of the price retracting.   This is only a brief look but if price can trade below and confirm 15311 as a price ceiling it may return to a lower level to confirm bigger prices over wider time frames.  Some people expect simply that the price reaches the prior ATH nearer to 20k but that requires more buying and limited desire to sell and I wouldnt expect a steady price all the way into year end.

Back to form, this is what I was expecting from the king of crypto it has all capabilities to go any limit, I use to say my friends to invest in this coin because it's infinite.

I went through many news and had few research on BTC and I feel there's a big opportunity to reach 20k again, However many analyst reveal the same on BTC there are lot of possiblity of that lets see how it goes.

It's good that you promote Bitcoin by saying your friends to invest in Bitcoins just make sure that you inform them about risks too.
Everyone is very excited and euphoric in situation like we are having now but experience tells us that corrections are possible too. We are still very far from 20k so let's be patient and not rush with conclusions. At this moment Bitcoin price might cross 17k but as well go back to 11k.

At this moment the price of bitcoin is $15400. From this $17000 isn't very far. If the market is good as now, we can expect the price to increase by next weekend. Everytime there is price increase during the weekend, and if that hasn't happened we can expect the market to move in a stabilized manner marking gradual growth in price.

From 14-15k price really jumped in a matter of hours but now, the charts kinda indicate that we gonna settle around this area for a while, so 17k does not look so achievable as that would make Bitcoin jump over 20k$ and I can't see the sign of doing that. Anyway, keep your bitcoin close and don't sell.

Very Possible as we still see that the market is keep moving forward, if this strong bull movement continue and find a good support level which is currently a@ $15K+ barrier, the full potential of reaching more than $17K is really near, but everything still an speculation
as there are no clear assurance that it may continue to proceed moving upward.

From that perception, if you are aiming for long term investment, then the answer is yes. Bitcoin was already noticed by many people around and businesses are also adopting this system, with law of supply and demand the full potential value still undertrained.

It COULD reach $17k right now. But I wouldn't be buying into the current pump, cuz it could also drop like $4000. If you're buying long term, well you definitely be able to buy in a bit lower so you should wait. If you're trading, you shouldn't buy this late into a pump. Buy low, sell high. Shoulda been buying in the 10000s where price was stuck at for a while, and be selling the past few days. Now you should be waiting for a several thousand dollar correction and maybe sell sometime this winter when its up at $17k or something.

I believe that the price will come low but not to the level of $4,000 as your speculation is saying. You have made a good point that buying now is not a good business plan, I think waiting is the best to do for a better profit in future. Dropping a little can make more gains for any hodlers.

Be the boss of your money. Don't let anyone tell you what to do. But if you are desperate in asking people, I suggest you buy bitcoin. Of course, you can wait for an affordable price to buy which is around $12k-$14k. But you might miss the train. Buying bitcoin right now requires you to be seriously patient because the price can drop at any time. You need to hold and wait for it to finish the correction. After the correction, bitcoin will be able to surpass its all-time high. Don't worry mate. Believe in yourself

$100k is possible. However, it requires a long period of time for bitcoin to develop people's beliefs. Right now, $20000 will be might first target. Bitcoin needs to create a new peak if it ever wants to get higher.

---

The election is going to complete in the next few hours. I believe there will be a surge in the economy which directly impacts the price of bitcoin. Be careful then.

I know what you mean but the election wont conclude in the new few hours from what I've seen.   Its too close to call and certainly they will be re-running senate seats in January which is more important then it sounds to the overall power distribution and ability to pass new legislation.    All Im saying is that doubts exist and will continue so far as I can tell into December, the schedule Im going off is from 2000 when court cases went back and forth and no candidate gave way right into December as per the text outline quoted here:
Why that matters to us is the overall doubts and negative sentiment that can effect markets and so to the dollar, BTC and other prices.   It is also possible the next few hours its all done and dusted but seems to be that arguments and disagreement over the path of the election continues for about 30 days.   I'd guess a Biden win at present also but its not legally declared on an assumptions, the amount of delayed voting counting is exceptional this year, the news upsetting markets remains quite possible.

If we look at the price of bitcoin today, it is $15,513 very easy to rise to $16k. So why not if bitcoin can also reach 17k because a lot of positive news leads to crypto, especially for bitcoin. Although the price is very volatile, investors love this moment to make a profit in a short time.
Therefore, there is now more demand for bitcoin showed by the increasing price of bitcoin.

Can Bitcoin hit $17K next? Watch these 3 key BTC price levels. Bitcoin (BTC) has been on a tear and there’s no escaping it. But the majority of high-cap altcoins are seemingly suffering at the hands of this bull run, leading to the question: have we had our altseason already? Is it over or is there more to come?

$ 17k is still reasonable, because the price of Bitcoin has reached $ 16k and now it's corrected,
I don't know what the future will be, because the elections in the US are not over yet,
manipulation will occur this weekend, be careful if you are a trader.

Over the last period, Bitcoin's psychological maximum was at $ 15,000, which everyone hoped to overcome. And today, Bitcoin's indicators are even slightly above this threshold, but one must take into account the fact that many Bitcoin owners will want to fix their profits at this level and, of course, this fact can cause a drop in prices due to large sales. But I would like to note the following that recently there was a reverse trend, which showed the withdrawals of Bitcoin from cryptocurrency exchanges, which indicates the intention not to sell, but to hold Bitcoin.

This could be playing at 15,000 usd to 16,000 usd no one know what could be real price of bitcoin so far as we could knew is someone withdraw a 1 billion worth of bitcoin from his/her account, at this could be possible if its really reasonable where elections in the US are finish. Maybe there will be an impact in currencies. and if there will be a pump happening in bitcoin there's a big chance for it and i am sure.

the $ 14000 resistance was passed and pumped up to $ 1000 more overnight,
but now the price is correcting, yes that's healthy for Bitcoin,
because if the rise continues without correction, it will backfire on Bitcoin.

Bitcoin's price to reach 16K or 17K is easy because the current price is very close to that price and there is a possibility that it will, but what we are seeing now is that bitcoin price is slowly dropping to 15K and not continuing to rise as we expected.
and in my opinion, the current bitcoin movement is more appropriate to maintain seeing the continuation of the movement of bitcoin towards the end of the year, and still have to be careful because bitcoin can turn things around suddenly and does not match any predictions or news.

They're something we need to be aware of, the market drops after the US election is done. How's possible that the coming days will be declining?  Isn't it possible but we keep ourselves being positive which is actually good but we shouldn't be confident as well, we know how volatile we are that dumping scenario isn't new to us after hypes?
What I want to say is that we should also be prepared for a sudden change in trend. $17k is not away far but we don't ignore FUD's which could pull down the market price. $15k-$16k is closely that range to stay until the end of the 4th quarter.

Thats true,Paypal news fueled the Bitcoin and helped it to reach 2017 levels. When you think about it, we are so close to new all time high, and if whales decide it that can happen in a few days. If i remember correctly it only took ten days  for bitcoin to come from these levels to $19,000  so it could happen again and we end up this year with new ATH. At that level fomo will kick in and then we can expect real hype and further increase of the price.

Price per coin was much lower than $.08.  First recorded transaction was 10,000BTC for about $40 worth of pizza and soda.  But to answer can it get to $17k here soon.  Yeah it really wouldn't take much of a push at this point.  I can easily see $17k by end of year.  A one or 2 day push is all thats needed to get it there.

For me now I feel the vibes are almost the same as in 2017. But with the announcement from Paypal (where they have a large community and user base), I feel that the bullish this time will be healthier when compared to 2017. maybe after hiting the new ATH there will definitely be fluctuations again, but in my opinion the bullish will last quite a while

Bitcoins should be bought if you have the opportunity, because it is the safest investment there is, the good thing is that Bitcoin represents the safest action if you want to see it from a point of view analogous to the stock market, most investors do their studies For the action that can give the most beneficial result in the long term, in this case bitcoin can give benefits both in the long and medium term due to volatility.

The wonderful thing about investing in Bitcoin is that it can happen that you buy bitcoin today and the scenario may rise tomorrow, it is an unpredictable market both to go up and down in price, but so far it represents a security at the time of investment .

It looks like bitcoin is bouncing around all over the place, I think with the recent upward trend that any dips are going to end up as a "buying opportunity" that big players will take to fill in whatever quota they need. You just know that Paypal will be buying up lots of bitcoin in a sort of stealthy effort right now. Combine that with lots of hedge funds and investment vehicles who suddenly have the green light to buy into cryptocurrency as an asset, then you can only imagine that it will continue driving upwards in price. It seems very possible that bitcoin could break the $17k level this year, as it stormed through $15k and then $16k within a matter of a few days.

In the past, bitcoin has dropped to $14,600 and now it has come back above $15,600 so the possibility that the market is in a bull run is really happening. It really went up so fast after I watched and believed it was so easy. Will this be the end of a glorious year where prices will continue to soar?
  Many predictions have measured this.

It was right yesterday to buy bitcoin if you have no doubts now then do it before it's too late I am sure this increase will continue as the economy continues to improve lots of positive things in bitcoin news FUD is losing to new news so there is no doubt and reaching $17k is possible before changing year.

First of all, Bitcoin can clinch any price range but people need to be realistic when they make predictions and don't base their prediction on the current momentum of the market which can change at any moment due to the volatility in nature of the market. However, the market is going green but still very unstable.
With that been said, I believe the OP makes this thread to advertise his site which link was also on his profile.

This is the right time to get in because I think 17k will definitely happen before 2020 ends. For how horrible of a year 2020 was I believe it was one of the best years we had in crypto world, will probably be remembered much better than 2017 as well because we averaged a lot higher during this period as well, in 2017 we peaked at 20k but we were much much lower most of the year, this year we always lived above good levels and most of the year was 10k+ and now at 15k levels.

Even if 2021 reaches a new higher level than this, we will remember 2020 as the year that started that increase and only poured into 2021. So yeah, if you ask me I would say 17k is possible and looks even more possible now, that drop was a correction that got rid of all big sellers and now there is no reason why we can't be over 17k very soon without those sellers in our path.

There was a slight drop in price today but that is not a sign that price will fall soon. Bitcoin has been trading in this area in the last few days and it seem a bit difficult to break the resistance level above it. But who know, many prediction can even be broken only if market demand increases. There are lots of risks to be aware of when entering during high price, but whatever it is bitcoin has the potential to hit a new ATH. It is not a good idea to say that this is a good time to enter, people need to have a good analysis before determining when is the right time.

Actually it was a huge drop if I may add, - 6%, we even went below $15k for a brief moment, then I was surprised to see the price bouncing back to $15,500, so it means that we are in the bullish phase and that $17k could potentially hit by the end of 2020. Yes, there is always the big risk, but past history tells otherwise. Put in into perspective, during the last Presidential election, the price of bitcoin is just around $600-$800, forward this 2020 and the current US election, the price is around $15k-$16k.

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

I see this as a triangle formation and likely to resolve this week, so aspirations higher rely on a sequence here of lower highs not continuing but breaking upwards.   Similarly if we fall further down, we need to at least hold 14000 as ledge for this higher area in price action.
   We're far past normal moving averages, just the basic momentum trading takes.   We are climbing without a rope if you can get how I'm trying to frame this that at some point it becomes more dangerous if a foothold is missed in the pattern, presuming we follow any regular pattern as news could still overwhelm anything short term.

Yes, it might be possible. The price keeps resisting recently, and now the current price is $15k which is closer to $17k. It's early November and there is plenty of time for bitcoin to resist until new ATH met this year 2020. However, the current is very unstable due to volatility but it doesn't matter as long as the momentum of increasing is still there.

$17k is possible next few weeks since bitcoin has already resisted the $16k recently.

I remember a thread about this, last 2 months ago where BTC can possibly reach $17k or fell down to $9k.—Bitcoin can fall up to $9k or rise up to $17k - which one will happen. (https://bitcointalk.org/index.php?topic=5270817.0)

And the price went to $15.5. So it has resisted going below $15k at least. Obviously this is like $2k or less to $17k and this market moves very fast as we have seen in just 2 days alone, the price jumps to $16k.

Yes, it is still this early, we have one full month to go, so plenty of time and leg room to push the market to $17k, so it is really possible. Not unless there will be some massive FUD again or negative news. But the last negative news we have, those $1 billion worth of etc from the Silk Road move, but it didn't put any significant dent on the market price.

Bitcoin prices are closest to $15,500. I think it can break today or tomorrow, and after that, the bitcoin price can still increase to break $16k. But to break $17k, the bitcoin price will need more time because if the bitcoin market is like this, I am not sure that we will see $17k this month. Maybe it will break it in the next month. If that happens, maybe we will see the price will touch $19k at the end of this year or even the price can increase higher at $20k. It is just speculation, and no one will know the truth. If you want to make a profit, you need to wait for the uptrend and reach the highest price to make a profit again.

$ 19k can also be achieved, with the condition that Fomo continues,
now the volatility is very high, it is very visible pump and dump is happening in the market,
whether this is because Biden is winning or indeed the crypto market is being tested,
I really am curious about the future price of Bitcoin.

We are almost there but we don't know on when this gonna happen but we should not expect more since it could possibly make us left behind when the dump is coming. And although we are experience some nice pumps recently but I'm still doing a short trades for survival and damage control if the market suddenly dump hard but I expect that we will at pump so better prepare also a capital for long term hold to gain a profit if market will turns green and the past ATH will be reached.

I think the US election is done, Biden already won and their won't be enough FOMO due to this to push the price to $19K. We really don't think (at least in my case) that this kind of price will be possible since just last March we nosedive and hit the lowest price at just $3k, lowest low for this year and yet we bounce back and even been higher highs as well. So what are the chance of price getting into $17k?

I would say that 70% or more, that we are going to get it to this 2020. I'm optimistic that there will be new investors and fresh blood to pump it in December.

What made you think that this is impossible to happen?look at the recent pump that Bitcoin Hit $15,700+ in value so meaning that we are
moving closer to that $17,000 that you are asking.
and also remember that we are still in Halving year so many things may change overnight,try not to expect too much but at least look for positive things
If you are not in a Hurry?then yes Bitcoin is worth the risk,the only problem we may have is when we are investing money from our budget to buy foods
this will make us decide wrongly and may come to multiple losses.
Because the Great advise of all time is "Invest the amount you can afford to lose"

Moving up and down, that is the most possible case to happen in one day. We're definitely not knowing when and we all just got surprised of its sudden pumps just like 2017. I can see $17k someday but that all remains in question, when?
Anyway, we don't feel disappointed once decline comes, the surge comes after the dumps and the situation isn't showing strong market resistance where it pushes the market to move high as of today. But of course, we can't neglect such volatility which it puts into possibility.

Anything is possible in crypto market .Btc is now on around 15K$ .Its so near to 17k$ .If we got good bull run from here we can soon touch 17k$ .It is already on uptrend now let's see how market behave with us .
Bitcoin is always worth when you buy a uptrend .It is might risky on short term but you can easily take profit on long term but you have to be patient must .

Bitcoin may reach $17K levels within 2 weeks.
Looking at the technical analysis, bitcoin is maintaining strong support above $15K and the uptrend won't stop at this point due to some factors such as halving, institutional-investors take a part in this field, and PayPal enables bitcoin. The trend in the market still positive, as long as nothing major will affect bitcoin in a bad way, we should see it reach $20K by the end of the year.

Hopefully, it doesn't take too long to see the bear market will stay at the market, and after that, it will replace by the bull market. It seems, bitcoin price now is in the sideways mode because the price is not down or up too deep or too high, and we still the price are at the range of the price now. Maybe the price can jump to a high price or low price, but as long as we can use the moment to buy and sell, I am sure that we can make a profit. Yes, right now, the market turns green after the red candle came yesterday, and hopefully, the green candle will still be like that to help the bitcoin price break the high price.

The market on the uptrend right now showing a great potential to keep the support level above $15K, and bullish trend continuation pattern shows bitcoin may reach $16K-$17K in the near future, probably within 1-2 weeks. There are some institutional-investors are showing up and assume they will hold until at least $20k+, watch it closely as sell frenzy may occur at that point. in 2017 bitcoin price went up 4 times and then get corrected 30% afterwards drop to $13,700, we can expexct relatively the same conditions in the future.

Not this soon mate because the way Market is telling us now,it seems that there are many obstacles again before Bitcoin break another High since we fail to take $16,000 level in which written here

https://coinmarketcap.com/currencies/bitcoin/

Maybe in the Next Month of December in which will dictate the final market values,Hopefully we will at least $17,000 before January.

I seriously don't think we need to spread the FOMO in order to get better prices for bitcoins. The demand is enough in the market and day by day better news are coming like PayPal adopted bitcoins payments which was a great news and then there are some other good ones which always keep the market moving, thankfully this time around there are no negative news apart from a few guys worried that a big BTC reserve moved which didn't moved since 10 years but I guess that is not a big issue.

I am hopeful of even 20k by the end of the year but that is not because I expect people to buy chunks of bitcoins in FOMO but because I really think the demand is high and the supply is always limited because the block reward is getting small with each halving and that is the basic source of supply.

Honestly, if you have a "budget" for food, you should stay away from investment into crypto. The price may go up or crap back down below $7k taking your money with it. Overall long term, Bitcoin should keep going up unless something else replaces it but it takes a lot of time. This is an excellent investment to throw a small some slice for retirement. Most who try to use this to try to make a quick buck or two will fail due to the volatility.

To hit $17k I'm sure it's still possible at least in the near future to the end of the year, but there's no need to overdo it either. Optimism is good but if it's for $100k I guess it's just imagination because what kind of feat will make bitcoin prices jump up to that value. So far the bitcoin price looks really good and it's still stagnating around $15k, so to hit $17k and even higher than the previous ATH is quite possible, stay patient.

This is a more likely scenario than the ones I have seen on this section. A lot of people are asking if we are going to be $20k+ and there are few who are trying to break over $50k+ as well for some reason. $17k is not like that, it is realistic, it is just a 10% or so increase that would be basically putting us there, I am not saying we will be there tomorrow but I know that it is quite possible that we can get close if we have one more small run.

Having a 10% increase in bitcoin world is not that much, having a 30-40% increase is a lot, it still happens but it is a lot to ask for, it rarely happens and when it happens it is even more rare it happens at around these prices. Sure when we are at $7k it is easier to have 50% increase but at $15k+ levels having a 10% is more realistic request.

There’s a possibility to hit that price before the year end because the up trend is still there and the correction is very normal, I’m confident that after this small correction bitcoin will continue its trend going up. Invest your free money on bitcoin instead of putting it into your bank accounts, in long term you’ll get more compare to those interest that you can get on the banks, Bitcoin will go up higher in the coming years.

For retirement indeed it's one of the best place to place your money, having that spare where you can forget for a while. It's not a guarantee

that it will rise up high at this moment, there are still chances that it will fall back and try to find a much stronger barrier, but if you are thinking

for long term and not just a  quick ride then you can store this as your investment.

But before spending your funds in crypto and thinking that this will be your long-term investment, make sure that you know the potential risks involved.
As crypto is a very volatile investment, you have no way of knowing what's gonna be in store for you for the next coming years.
So you should be prepared for what might happen to your funds. Make some alternative plans or contingencies and don't expect that it will go high as many people predicted.
Be conservative on your goals here. Set limits that is achievable on your part.

The daily chart shows you have missed the train already but it is very likely that btc will be above 17k because it is very near target if I compare it with the support at @13700. All traders who are fomo'ing in this market shows that we are in for some huge price action and if a drop happens, it will be bigger than the pump. So they keep on buying and the whales too are eating up some high volume sell candles.

Bitcoin is few step behind for that to happen, we're likely in correction so next 10-15% surge up successfully surpass the margin or even more. Bitcoin had touched $20k almost three years ago, and we're passing intriguing and insane time bitcoin could contact a level past our musings.

It is possible in fact Bitcoin is now hovering around $15k and it is slowly increasing, if this continues we might saw Bitcoin touch $17 at the end of this year, perhaps this might occur in the last month.

I just saw literally a thread that says it Bitcoin will pump touch $100k-$200 at the end of the month of the year 2021, he provided some evidence as well. Anyway, I also do hope that happens, it is a little bit exaggerated though coz I doubt Bitcoin will grow that big within a small timeframe but who knows Bitcoin was still hard to predict after all. As a matter of fact, we didn't expect that it will touch $20k are we?

Well that's what I've said literally in my post about not investing the money that reserves for our food as this is real risky and you may lose everything in a glimpse of an eye.
Like what happen recently when the covid19 took over the market and drops the value of all coins more than 50% and people lose their money from that.
Train will always run forward the problem is it won't bring us profit at some point, so better that we are in right timing like now.

Buy now or regret later ,that's what holders suppose to say.

A big drop may follow after bitcoin reach a new ATH, since bitcoin price increase gradually instead of instant hence the support levels are more robust than before.
At this point, short is riskier than long position because bitcoin shows the sign of uptrend pattern isn't over yet.
Bitcoin may stay in this sideways pattern for a week before starts to climb higher, just enjoy the current price while it lasts, buys it.

The overall price sentiment of BTC/USD is too bullish for the bears to push it down, I agreed the that the market is in ranging mode in recent days I believed the price will settle well above the $17K speculated price-mark before the end of this year, if after the US election and in the aftermath in the breakthrough and discovery of the Covid-19 vaccine the the price can still above $15K, then the coast is very clear that the price will continue to ride upward, reaching $17K is very achievable provided that the market will not witness any negative and unusual fundamental news relating to bitcoin this year.
With reference to the 4 hour Timeframe of BTC/USD its very obvious that price had been forming an up trend higher

As of now the market is quite stable to move within specific price point. This means it has been growing without much of downward movement. The price reached $15k very fast, but crossing $16000 is supposed to happen slowly. If I'm not wrong we can expect the market to touch $16k by the end of ongoing month. Soon after the same we'll be close to the end days of the year, during those days we can expect assured rise in the market price of every cryptocurrency.

If we look at the longer term 17K seems to be only a first target.
If we stay very reasonable, I think we can reach a lot more if we know how to be patient.
Let's also be ready to see a dump of 20 to 30% on the road to the moon :-)

thank you all, this means a lot.
however the current prices have worried analysts about the future drops.

Hi n0ne
it seems like that analysts are worried about the drop. one of them said that we must hold the bitcoin in $14,900.
what do you think about that?

Hi 2double0
thanks for your professional answer. I too belive that the fall will eventually happen

thanks for your rexponse
it is definitely better than the bank in long-term but in the short term, nothing is clear

This price $17k is very possible to me in my opinion, look at the current price today btc cross above $15k. Even though the market is unpredictable we can observe the trend lately is stronger. Well if there's a dump a little percent it may bounce. A lot of predictions on btc if not hit by end of this year, we can see it to the moon the following year.

The price of Bitcoin will reach K17 as the demand increases the price of Bitcoin is increasing and the market is having a positive impact. Hopefully it will be worth it and there is a possibility of further price increase towards the end of this year. So now is a good time to invest in Bitcoin many countries around the world have taken precautions against trading in currencies such as Bitcoin, the use of cryptocurrency is very risky as its price has skyrocketed which has helped many countries to improve.

Hi my friend
it is possible that it reaches $17k before 2021 however nothing is for certain. we need to wait and see what happens

On Dec 27, 2015, the price was trading at $460. Relative to the 2013 correction, this is the day which corresponds with the price at the end of 2019. Therefore, we use the price on Dec 27, 2015 to make a prediction about the price at the end of 2020.

The price on Dec 27, 2016 was $960. This represents a 15% loss from the high of $1171.

Applying the same rate of loss to the $19891 high, we get prices around $17,000 for the end of 2020. A more specific range would isolate prices to likely between $16,500 and $17,500.

Trend seems to be up again, I wasn't so sure about what is going to happen when the first dump happens and that became just a correction which is not a big deal because whenever bitcoin price surges like this, there is always a correction that comes along. Obviously speaking we are not going to see something that is this big for a long time but we could see something like a 10% increase to take us to $17k levels.

What I mean by we won't see something this big is the fact that in the past 2 months we have seen 50% increase, if we see another 50% increase in the next two months, that means we will be $22-23k range before 2020 ends and I do not think that will happen, it is not impossible but it looks unlikely that we will increase that much once again at this high price, but $17k is definitely possible.

Bitcoin is a decentralized cryptocurrency so we expect more than 17k USD on before end of the year. The current growing is really unbelievable so all the investors are happy to buy and hold for further days. Majority of the peoples are waiting for 20k USD so we just wait and see the next peak in Bitcoin.

Since April, Bitcoin has been in an uptrend and if you look at the data from CoinMarketcap for the last month, Bitcoin has been in a very active phase since the beginning of October, which confirms the indicators for the last 7 days at the turn of 14% price growth. It is quite possible that by the end of the year Bitcoin will add another 10-14 percent.

I definitely agree with this math. I agree that anywhere around 17k or so range would be definitely realistic for bitcoin this year. Definitely not something we would be shocked about neither because we are already at around 16k right now, and that means increasing about 1.5k and even less would be quite possible and also quite believable as well.

We just need to focus on bitcoin not dropping and we should stop all the "it will go down" talks if we see it anywhere, if we can stop that type of FUD spread, that means FOMO will continue for a while more and we can reach 17k before the year ends. Better yet, if we can end with 17k this year, that means we are going to end up with a lot more money later as well, we are probably going to see 25k+ by summer if we can manage to end the year at around 17k.

Investing in Bitcoin is never risky? You are probably completely new and inexperienced in crypto world. Investing is always risky, it only depends on your risk appetite and risk management abilities.
Anyway, coming back to the subject 17k price is possible, at the moment is slightly above 16k. However, corrections are possible and I think that price could approach to 17k this weekend but I don't expect to stay there, probably it might return to 15k again.

Never risky? Think again because even though you do see greens everywhere but doesnt mean that it wont have the tendency for some price crash.Actually im not really that too confident
because price can shoot up or dumped down in a particular time this is why its better to be wise on securing out your profits while you are still in green and making some accumulative
purchase until we do head up to the ATH.Its never been wrong to be bullish but getting too confident isnt really that right to be done.Always take some risk management from time
to time because you wouldnt know on what would happen next. Its nice to see that Bitcoin did really hit up 16k price once again but im expecting we would be playing around this level.

I think you need more experience. Risk exists in any type of investment. And if you want to keep yourself away from this risk, you have to do proper risk management otherwise you will face big problems. I understand that you are talking about long term investment so you are always giving equal importance to bitcoin buying. In some cases, risk can be controlled by analyzing the market a little better.

Even though everything looks very positive for BTC, i think it is still risky to say that there is no risk in this kind of investment.
No one can see the future and BTC has surprised us so many times that we still have to be careful

Then a lot of people should've become rich by now If they bought Bitcoin while it still cost around a few cents 10 years back, because you say Btc investment was never risky lol.
If that's the case then I challenge you to put all your money to Btc as an investment and set a specific range before cashing out, so you'll figure out If there was "never" a risk.

Traders who are counting on November, the action is yet to begin because if you remember the last rally it ran till January and then started to retrace. If not Jan, I still see December to be a major deciding month for the bulls to continue the rally or stop it. I think we can expect at least 20% higher ATH this time at around $24000 and then see a big fall but not the worst like we saw in the last rally. It has already crossed $16k and now moving towards the key resistance to be broken for the sky to be touched.

If we look at the trend of Bitcoin lately, I am also optimistic that the price can reach $17,000 soon. It's still growing and quite fast I guess. I saw yesterday the price was still around $15,000 but today the price is already about $16,269 (see at CoinGecko). I'm sure if there is no big change in the Bitcoin trend or bad news about the crypto world, we have a chance to see the price of Bitcoin reaching $17,000 at the end of this month or the early of next month. But it is purely my own prediction!

LOL, there's always that risk, not just in Bitcoin but in any other traditional markets like stocks, golds and oil. If there's no risk then everyone is super rich today. And I would say that crypto is more riskiert that's they many old fart are totally against it because it is very volatile asset and it is not back up by any other underlying assets.

However, seems obvious that the next target is $17,000 and beyond, right now it is going to $16,500, might stay there this weekend, wherein the trade slows down. So we will see, Bitcoin never surprises its supporters and the bulls remain in control right now.

For now , the bull orders control the market so I would not be surprise to reach the 17k$ market or even 17.5k$ before making a correction back to 15k$ and from then it's hard to guess what will happen  as December was always a tricky month for Bitcoin with bulls and bears fighting for market control. For now , the ride looks awesome if you're board it , but if you're not, you're like me , waiting for the correction to get in.

We are talking about less than 5% increase right now. I know it is not simple to make it go up 5% when it gets stuck and it is harder to move even 1% up when we are in a bear market. However we are in a bull market right now and we are doing pretty well, this is why I feel like we are going to probably do great this month as well, November will not end with a correction or a crash, it will continue to rise.

In fact I believe before we reach to December, we will probably see 20k once again and after that we are going to be over 25+ before the year ends. Obviously these are not investment advises, do not take my word for it and do your own research, if you make an investment because of what I say, I have warned you, this is just what I believe will happen and make my own investment accordingly.

There is still some time before the end of the year $17k will be reached very soon given the market situation like this, and this will be the second wave where bitcoin can again hit its highs by the end of the year I think this will make a real bullrun.
You are very precise in predicting with this but have to look at the correction maybe it will continue to rise but I think the bullrun will be felt and this will really happen like the previous year.

We are at around just 900 dollars left, we are at $16.1k today which means it will be less than 10%, more like 6% or so increase at best and honestly at this period having 6% is not really that difficult and would happen very easily. We just need another push and I know it will happen one way or another even if we do not rush it.

We want to have $17k as quickly as possible and I can understand that, who wouldn't want to see bitcoin grow bigger and bigger right away, but even if we give it some time and bitcoin goes to $15k or so levels for a while and relaxes in order to collect some power and accumulation period, we could still grow over $17k by December and it would be still awesome. We just need to make sure we do not have a huge crash and rest is simple.

I am also having the same expectation and expecting a market correction pretty soon as i did not expect the market to rally this fast and i am hoping that we will see some minor correction by December or during New Year's week and that is usually how the market behaves in the past but with institutional investors investing heavily whenever the market goes down i have a doubt whether things will be different this time.

You ask an "eternal conjecture,"  in your same question you get the answers, read your OP, if that asset called bitcoin had a value of $ 0.08* in its beginnings and then years later it took a value of $ 14912* (*your data). You at least know information that could lead you to have a better investment risk analysis, but but not to ask if it's worth it.

I think you should read more about the subject of investment and the risk involved in investing not only of bitcoin.

looking at the market now seems to be failing again as for couple of times just this month bitcoin bellowing the price from more than
$16,000 down to below 15k again and this a sign of healthy market but interfering the rate of hitting that 17k.


https://coinmarketcap.com/currencies/bitcoin/

it is worth a risk if you are a believer and not just a random person that has been lured inside this market and promised to
become instant millionaire.

if you know what you are entering and willing to risk so profit may come?then yeah this is worth of everything.

But we just had a correction from $16,500 to below $16k, so that $17k won't happen for now. And I believed if the rally continues, we might go as high as $18k but it didn't as another roadblock has hit at $16,500, another big mental barrier that we need to overcome. So we don't know how low can it go with this market correction, perhaps we will go back to $15,500 before another leg up.

yeah, seems that $16,5k will stay for some time, but we are again above $16k
it will be interesting to see what will happen until the new year, ATH seems to be out of reach, but could happen

Not for a Moment as the Value of Bitcoin continue to Rise and Fall,but good thing is that we are staying at $15,000 and above,this is enough to make us feel secure and waiting for the Bull soon.
There is no profit in Investing if you don't risk your capital.

But yeah i am also Bullish now till second quarter of 2021.

Bitcoin wanted to retest $ 17000 but was unable to, the last resistance was at $ 16400,
and now it's down at $ 15900, this is scary for bitcoin price movements going forward,
whether bull or bear will win, we'll see.

It is up again.

It's back to $16000 again. That is usual and expected and am more into bullish.

That is an obvious pattern,imo.

The price seems to gain resistance slowly. As a result we're experiencing rise in the price of bitcoin with minor fluctuations making the price fall low to $16000 and crossing the same in a short time period. The market is perfectly bullish. Before someone takes the opportunity it is good to understand the market and try to keep hold of the cryptocurrencies without falling into panic.

In fact, when you look at 8 cents, it's always worth it. We put much more than 8 cents into risky gambles, investors play with penny stocks and blue chips when these are all known bubbles with only a handful of stocks ever making it big -- not unlike crypto at all. People get into Bitcoin unfortunately without thinking of fundamentals, so they always see it as equal to gambling, that's why they lose. Got to make the frame of mind right first and understand what it is exactly you do when you get into BTC.

Basically your analysis seem good to my hearing mate, $15.5k should be the bottom soon before the major bullish  set into the game again as the year get close-up, but the Bitcoin market these days can't be predicted as we have seen from the very few days of this month November, 2020. I have always said this, the market won't close bellow $15k this year, we should look for a great year into 2021 where another all time high are expected to set in through global adoption.

Bitcoin can't break the resistance at the 16.5k mark.
After a bit of correction, bitcoin doing great rejecting prices under 16k and hold its position right now. Tomorrow is the best time to judge how the market reacts toward bitcoin, whether it will be sideways or retest the resistance level once again. However, the bull run isn't over yet, $17k is only time matter to reach that point, probably within a week to get there.

Interestingly enough even after going under $16k, it has went back up now. So, I don't know what to say anymore about it. I thought the increase stopped and price finally started to go down, I got excited because it meant I could get in once again, now I am not so sure about it. I already have a bit of crypto in my account, and I have some USDT as well and I want to get involved but I am not sure about what to do and how to do it, I just know that I can wait a lot longer than market could wait and I will be patient about when I will increase my portfolio.

So, $17k is once again very possible, it is not something I am expecting too quickly but it is looking more and more possible the longer bitcoin declines to go down, when it can't go down the only way is up and above.

It is a possibility to go to the $17,000 USD but it is really too early to speculate on the $100,000 USD, in my opinion, we can speculate near the price to be on the $16,000 USD to $18,000 USD, and I am speculating near the last All-Time High, I feel that this is really the time for bitcoin to make a step and take on a new All-time high.

I have no doubt that the price would touch the all time valuation but it is a matter of when that would happen, we might not seen that in 2020 but by the first quarter next year we might see the price moving ahead and break a few resistance and records but the hopes of six figures is impossible at this juncture. Even when the price started rallying i was worried about the transaction charges and even though we had some delays in the past two weeks things are getting better.

That speculation of 6 digits ain't nothing.

There really is a chance that we can see that but as of the moment, we have to cross from different price levels for bitcoin to attain it. At this time, bitcoin is stretching and going back a bit but it isn't that much of a pullback.

Unlike the pushing of the price that it's able to reach $16,000. The correction isn't a lot and tolerable.

That's right and we can't just think that it will soar high faster. The situation can tell and obviously, we saw that the trend even getting harder to move high. The mindset of the people now had already changed, not like it was happening in last 2017 where many of them (mostly newcomers) jump into crypto without thinking wisely. People are not buying today because they are also thinking about the dumps if the hypes will burst. Their experience in previous years had taught them to act differently and not in FOMO.

Why scary? Have we lost a chance to see $17,000? Not at all, the decline after a big move is normal. There is no problem with correction, I am pretty sure that the increase of Bitcoin price will continue. If you are afraid to lose a chance for profits, it means you don't have a brave mental of a Bitcoin holder. NOw it is the time to test us how brave to hold before the bullrun day.

Yeah, what's so scary about the down turn? this is just a normal correction. $17k was retested, just rejected, the price support at $16500 but then didn't hold goes down below $16k, that's how the market moves.

Scary is when the price goes down -60% last March and everyone has bitching around saying that bitcoin is dead, Lol. Much better to just stay relax and let the market goes on it's normal flow. We are not yet in the bull run that we are looking like the 2017, the four year cycle begins in 2021 so we have a lot of leg room to make for a new all time high next year.

I think the rejections at $ 17k are normal and this is just the start but bitcoin won't fall below $ 15k it will persist with the corrections.
But still looking at what situation will happen in the future, maybe 2021 is where the peak is and now the scenario that happens is not entirely that there will be a more severe decline.

It's not going to be down 60% it's more scary to happen but in this session we will see how people are wise in dealing with it knowing that this is a cycle that will happen in the following year.

I'm carefully watching in this area as I do think its kinda pivotal and the action has been so impressive recently I did wonder if we can slingshot into much higher 'impossible' type highs.    So we lost some momentum over the weekend, if large mainstream institutional buyers are the drivers of this rise that'd make some sense I guess.

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

just breaking upwards through 2 day moving average which would indicate buying is not over perhaps.

Gainers are selling their profits and now they are back in action bringing the price to rise up again, it's a normal to see as we are inside trading business, no need to be afraid. You have to condition yourself that with lots of chances this traders will continue to play, be wise and make your own assessment market will continue both sides are possible you have to position yourslef and make sure to have a good back up plans in case thnigs won't og according to your first position.

There's enough time as you mentioned, if history will repeat itself then not just $17k but it can go more, if things went smoothly we might
see another ATH, who knows right.

I want the price of bitcoin to be more bullish than in 2017. To get to $17K is now very close, the current price of bitcoin is $16,250. 
Because seeing the price of bitcoin continues to rise it seems possible that bitcoin will move closer to the price of $20K.
Bitcoin optimists will continue to rise in price due to a lot of positive sentiment outside. Demand is higher than supply,
as many have adopted bitcoin during this pandemic. Perhaps this is because of the fear of American entrepreneurs of inflation in their country.
So many American companies are shifting their assets to bitcoin.

That's the misconception. Many people believe that holding is the best thing to do, indeed it is but there will be times you will make a choice given that the market price is not consistent. The market value could fall in a sudden and there's no notice before its occurrence. If you do feel of selling, then you are free to do so, and doing so neither wrong or right decision because that is your money in the first place, meaning, you are the one to make actions for it in a way that you think will benefit you. But if you can afford holding for now, since there is a momentum, it would be a good thing ofcourse because profit could be bigger.

There is resistance above $16500 and if it is able to break that then we might see the price above $17k, the difference this time is that there are huge investments coming into bitcoin whenever there is a minor correction and so is the reason i am not expecting any downfall in the price but still i am curious to see how the market will perform next month as historically it usually is a silent one.

Bitcoin reaches $ 100k is still in our imagination but will definitely go there (Bitcoin price $ 100k).  if you only think about the risk without daring to buy then you will definitely lose the opportunity.  you just pay attention today, the price of Bitcoin is slowly but surely rising, the possibility of reaching $ 18k - $ 19k is very large (before the end of the year)..

We have official cross the $17k mark just now, so it's no longer a rejection but a test on that price.

So it we are going to look at 2021, most probably we won't see a decline but instead, we might try to get close to the last all time high we got. So let's see how are we going to do with $17k levels now. I'm expecting that it won't hold as this is another price wherein there could be some sell-off. But it will be just temporary though. In any case that we continue to push the price, most likely $18,300 will be another wall that we're going to hit.

Totally agree with you. With this momentum, bitcoin will hardly fall below $15k. Correction might happens but only cause a slight impact to the price. Though we need to be careful because anything can happen

Bitcoin breaks $17k resistance, the breakout and upward movement is faster than I thought it might initially take a week but only took two days. seems nothing can stop the bull-run right now to reach $18k and the fundamentals are much better as well, bitcoin at $18,5k currently, whether it will take a brief dip or not after hit $18k.

The roadblock has been cleared, and as I have said previous, $18k will be the target and it seems we are now back as the price is around $17,700 as we have seen a big push in the last 7-8 hours of trading. And yet we haven't seen the Asian market opening, it will be for another 2-3 hours, so it will be exciting to see if they can get past $18k or go as high as $18500 and then we will see what's going to happen after that price.

It's okay to hold but holding everything might not be a good idea here, yes, sell some if you spot a profit already as it's impossible for bitcoin to continue pushing the price without seeing it falling back, just like the old days, we are still following the same trend here.

This is one of the prediction that proves to be correct, congratulations to those who bought after reading this post, I am one of them BVitcoin now is looking good at $17,600 and will soon head to $19000 with how the end it is moving.
There is a big probability that it can even surpass, that 5.4% jump $16,714.40 to $17,651.82 is just awesome, it made us think that things like new all time high this year is now possible.

You've posted this nearly 2 weeks ago and as of now, it already reached the $17,000 price and there is still a chance that it will go up to the $18,000.
I just don't know where the traders will take profits as of now but I think there will be some at the $18,000 price.

There is a chance that it will go $100,000 but the chances of it are quite low as of now (close to zero).

Risk management is the key and having a plan. If I were you, I would rather wait for a short consolidation before entering because people are greedy right now and that is already a warning. Buying Bitcoin is risky for me as of now but if you really want to buy then go for it. Just don't cry if you incur losses in your portfolio