Bitcoin Forum

What else is there to say, numbers speak for themselves.
$20k by the end of 2020 seems more realistic by the day.

There was a sell order of $6Million at $17 000 price point


https://i.imgur.com/rx4LhtM.png

Yesss, finally sold some satoshi at $17k ;D

The trend still goes up, and I hope it will still increase higher.

But I wonder how long the price will go up because the line is not going high. If there is more support for bitcoin, the price can go up and reach another high price.

It became realistic now. We're from $9k - $10k and had a rush to $16k and becoming stable on this level.

$20k becomes realistic today because of those jumps and there's no surprise if while we're sleeping we see the sudden push of price goes back to the historical all time high.

Oh, congratulations to you. Me, still holding.  :P

I agree with you mate it's highly possible that $20k will be reached within this month if this kind of trend will continue,
 
By the way, the $6Million sell wall was successfully broken thats why Bitcoin price now was traded at $17,100 it's another record high for nearly three years.
The next target is $18K so I hope that Bitcoin will not lose its steam to break another All-time high record.

Indeed, there's a lot more logical and realistic now, and not just steeped in false hopes leftover from the crypto bubble that commonly said for those who want FUD.

I'm very optimistic and I know others too.  Definitely, it will probably reach $20k at the end of this year since more and more are getting aware of Bitcoins and with the recent Citibank reports that were released a couple of days ago, it promotes Bitcoin where awareness and trust of the public can be gained.
Because of these large companies like Paypal, Citibank, and other companies who started to acquire Bitcoin in their services and has a million account holding Bitcoin that may start to get into Bitcoin then it could possibly make the demand higher and the price will surely kick more than what we're expecting before the end of the year.

The $17k resistance as of now hopefully will remain and go upward but we need to consider the short correction too, beware.

This was definitely surprising and to think that bitcoin has been gone through almost a year or two being in dumped state but who would've thought that even today we are facing worldwide pandemic bitcoin made a way to become a $17000 value. And a good chance to trade bitcoin and hopefully may easily get a good profit to those who have been hodl bitcoin. And not so impossible that before this year ends a bitcoin price may hit up to $20k.

Damn  >:( bitcoin is unstopable. Should I buy more bitcoin or not?

400 bitcoin can be broken in a few hours with the current force. The bull run is stronger than i think. Gonna stack more alts for bettter profit. I am not sure whether there will be a correction or not. Buying alts is better option for this case. Many potential alts do not have much activity at the moment but the volume continues to rise

If it's true then someone already accumulating some alt so if the Bitcoin rally continue other alt will follow the trend . more investors know they can gain more in altcoin compared to Bitcoin in terms of possible income like 50% increase above they are now to accumulate as faster as they can so they can sell it once bull market for alt started.

Just make sure you also hold some Bitcoin in case it never follow Bitcoin trend you already have Bitcoin secured.

$17,300  8) Ascending wedge breaking to the upside, going beyond a theoretical parallel channel. Nothing stopping it so far ;D

https://www.tradingview.com/x/A85sgucl/

I think a close above that blue channel will give it space to move to $18-18.5.

Investing in altcoins is riskier because the percentage increase in price is not proportional to the decline later when bitcoin experiences a correction and falls to a lower support level. I have watched the development of some altcoins and their increase in price is quite tempting to buy, but buying altcoins when bitcoin prices are high is quite risky, some altcoins such as Litecoin and ETH showing a good rate, if you are convinced, then buy it but be prepared for the worst case scenario that might happen.
If bitcoin continue to break $18k without take a deeper dip below $15k, it's worth to try.

The current demand trend of the Bitcoin market which posed to be stronger than the supply trend guarantee that the Bitcoin price has the chance to make a new ATH this month because despite the $6Million sell order the market still maintains the $17K price range but if the Bitcoin market makes a new ATH I expect a slight correction in price before it will be finally bullish.
With that been said, ETH seems to correlate with the current bullish price of Bitcoin.

Looking at the prices plainly will just make you predict something inaccurately, with the picture you have given it clearly shows that the volume even if the price is going up it is going down showing us that the demand is going down as well. A price increase with less demand can easily be translated to the rally for being a weak one. Also with no major corrections happening on such a long rally do you really expect for it to go ahead and not take any kind of break?

I actually saw that sell order getting eaten up at my exchange, was surreal to watch. Was early selling some Bitcoin I was meant to have made at the end of the month. I don't generally do that, but I'd actually marked it to sell around $15k so I didn't mind the extra 12% or so.

ATH can still hit, now we have just over 6 weeks left to the year. No man's land, though, just be wary boys and girls.

Could go even higher since there’s not much sell pressure on the market now. There’s even a possibility of it breaching $18K today, as the price stands shy of $17700 last time I checked it. This might be the bull run that every one has been waiting for, though it has been pretty subtle for the most part and seems to be a normal occurrence just now.

The $6M is either eaten or removed, and no sell walls present up until $18500. Idk if people are being greedy, but there’s really no real reason not to as all indicators point north from here and still going strong.

If you look at it, the supply at these levels is low, the whales are testing these price levels, apparently this December we will be able to experience a bullish trend stage again if all goes well.

One of my criteria for the confirmation of the bullish trend is to review the millionaire wallets and see especially the section that says 100-1000 BTC:

https://i.imgur.com/lWvLSKw.png
Source:https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)

Seeing this information, although it does not mean that it is the most reliable of all, in 2017-2018 in the bullish trend season the percentage reached almost 80%, and if this behaves like this, which I am not very sure, well If bitcoin currently reaches $ 20k and exceeds it, it is not in the bullish trend yet, there would be much more to go up in price, which means that we could see Bitcoin almost touching the $ 30k- $ 50k levels, for course is what I have calculated, in my mere speculation of the market.

For people who had those kind of learning in the past are most probably selling off their bags at the moment and even myself did able to sell when it hit up 17500 which i can say a good spot
to do so and im also hoping for some corrections yet we cant really just have this kind of price rally or unstoppable ones because it will really be reflecting on how bad the correction
would be but i dont see that this current price will really be corrected that hard just like into those 2017 days where we do almost hit up on the floor.
We are almost hitting 18k and its indeed realistic on hitting up 20k for this year.

Yes, I feel we will cross $20,000 by the end of this month or the beginning of December, the best part about the current market situation is that Bitcoin has created a solid stand over $16,000 wherein we have not witnessed any major dump in last few weeks. This will be a perfect opportunity for those who missed out last bullrun.

Rallying 55% in a month, 7 green weekly candles, is anything but stable! We haven't seen any higher time frame consolidation since price got marked up from the $10K-$12K range. Be prepared for some classic BTC volatility. :P

Bulls are relentless. I was hoping for a bit more "slow and steady." Much better for building robust support levels on the way up, less prone to epic volatility. Oh well! 2021 is going to be fun from the look of things.

Altcoins still look like shit against BTC but I have some preliminary EW counts that suggest they are bottoming out soon. If BTCUSD forms a significant local top and alts begin to rally (like March 2017), things are going to get really fun.

Bitcoin could very easily be in 'bubble territory' according to some analysts due to Bitcoin's 30-day return exceeding a set threshold of address growth. This means that Bitcoin could drop as much as 20% of its current price before launching a new ATH attack. That's my target for a new long.  ;)

It is fascinating to see the rapid rise of Bitcoin, it seems to be detached from any other economic events taking place right now. You'd really expect the price of bitcoin to dip when the wider economy starts performing again, after all these vaccine announcements have started to push share prices back up. I guess all these billionaires and millionaires were happy enough keeping their cash in bank accounts, they've since decided that they want to throw some money at cryptocurrencies as it looks set to rocket up again. It's always a disappointment when you think of all the bitcoin you have sold in the past for much lower prices, but you have to keep looking to the  future instead.

Be very careful catching the falling knife on leverage. Bitcoin tends to go much further in both directions than everyone expects. I've seen BTC drop as much as 42% in a bull market shakeout. 35% is very typical.

You don't want to buy the dip on leverage, only to get liquidated right before price goes parabolic again. There are few things in life more painful than that. ;)

Many think about continuous pump since they think the bull market will not fail them out and we still need to be careful on some possibilities since as you said maybe we can experience some shake outs and we need to be prepared for something like that. And also we should assure to have a good position since this time is a good opportunity and we need to find a good entry point.

Yeah that would be pretty much better if we are seeing the same movement as $10kish. The slowly but surely pattern for bitcoin but here it goes, it's creating the FOMO again but IMO, this way is natural than the 2017s.

Looking towards the 2021 and the best is not yet to come.

Those news really made a positive impact for bitcoin. Yet, just as extasie has said, I'll be prepared for its volatility. I'm wishing for it to come but it's inevitable and hopefully it wouldn't be that much negative. Just as what we see when bitcoin gets down, it don't stay there for long.

That sell order of $6 million at $17,000 didn't even become a sell wall. It proved to be a very small amount quickly gobbled up by the buy orders. I cannot say with certainty but this is most likely the road to a new all time high within the year.

In fact, if we look at the circumstances of Bitcoin right now it is even much better than it was in 2017. So there is really a positive outlook that $20,000 is not the ultimate target in 2020. We will have to raise it somewhere at $25,000 to $30,000.

I guess that sell order was canceled before the price increase more. With the price now, I think there will be a big wall at one level price to hold bitcoin price not to soar too high. Maybe this time, bitcoin will have more power to lift the price until the price can be back at $18k and still increase to $19k. We will see the price start the rallies and break the big wall at $20k to go to the next high price.

$18,100 at this moment. Price pull back wasn't really felt as If it didn't happened at the $15,000 price range. Bitcoin seems unstoppable and might hit another thousand dollars up to $19,000 in the next 48 hrs. And we're getting much closer to $20,000. Huge dump ain't happening till it breaks the ATH. Let's see what happens from there.

Absolutely! That's what makes me somehow a little confident that Btc will be hitting new heights just before or on December.

Bitcoin has crossed the mark of $18,000 today and marching towards $20,000 and most probably gonna achieve the mark sooner than expected. Those people who believed in Bitcoin and we're HODling Bitcoin were right as its paying them back and this would be bit difficult to digest for those who sold off Bitcoin out of panic.

I think we will see Bitcoin crossing the mark of $25,000 before the end of this year.

Too fast too furious. In the back few days, it feels like only buyers existing on an exchange. $18000 is still an astonishing price for me. I expect that bitcoin would hit $18000 by the end of this year but everything runs rapidly. More and more investors are aware of bitcoin recent behaviors and they decide to make action before being kicked out of the game

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There was a big sell-off in the past few hours but the market recovers extremely fast. This decline can be considered as a correction although it only has a minimum impact on the market.

I know the feeling! I've got no issues with price mooning when I'm 99% invested, but at the same time whenever price goes parabolic it usually leads to a deeper correction than if we merely made a higher high. I would have preferred price top out around $16-17, then correct to $12-14 (25-30%), whereas now if price continues to $20K, to me it still seems likely price would correct to $13-15K (30-35% pull-back). At the same time, you get what you're given, can't complain about the price. At least a deeper correction would likely take longer time-wise than a shallower one, therefore it will likely provide more time to accumulate during a dip than usual.

Some retrace might be happening right now as the value fallback to $17k+ a good chance for those who wanted to to buy and hold, as we still seeing good potential that it will bounce again and start to pump.

The momentum still positive, day traders might be selling by now and start collecting thier gains. While those investors who doesn't want
to missed the ride are buying and start holding, still a good sign to see much better rates.

And suddenly bitcoin penetrates into 18k as well. We are doing pretty mighty right now, alts are not doing that bad neither, I mean I have assumed with another huge bull run from bitcoin, alts would have gone down a bit just like it did from the initial increase and after that I assumed it would have made some sort of similar thing would have happened in the past 24 hours or so as well.

However looking at alts right now, there are some that went down between 1-2% levels and there are some that didn't went down at all, look at ETH for example it looks as green as always. It really makes me happy to know that the whole crypto world is going fine, there is nothing going wrong right now with the crypto world and we are all elevating each other without making a big deal out of this increase as well, like we expected this anyway.

$ 17,000 has been reached and even more than $ 18,000, so what now?
I see on Coinmarketcap the price has experienced a deep correction, did the bulls stop?

Theres no hard resistance but normal profit taking along the way is normal also so I'd call it a normal pullback and that can still go to about 16k; main reason being the faster it rises the easier it is to pull back similarly.    That was fairly absent previously but can occur without the overall rise being disproven.   This is where it can get alarming as the swings up and down become larger waves, it leads to higher prices but also uncertain gains or losses and I find it quite hard to trade really where as previously I could look maybe once a week to add or close a position now its like a daily roll of the dice.

This was not a deep correction. LOL!
As STT said, just normal profit taking along the way. A deep correction is yet to happen and then we will see a drop of at least 15-20%. I hope. ;)

It was a warm welcome move by the bitcoin.Long holding traders can sell your bitcoin with equal to 18,000$.We don't know ,whether it happen again.The expectation was  over a 20,000$ before the end of this year.But no one can predict the bitcoin 100 percentage.So holding is also on your own risk.

Already sold my stash that is intended for short term but i do still accumulate for long term ones but my guts telling me that 18k would be the peak for now and there would be some correction.

Well, i might be wrong but it isnt really bad to make some sell at the moment yet this is the sweetest spot and dont wait up if you do still have the opportunity to sell.

These chances doesnt come once in a while so better utilize it but its up to someones choice because we do have our own level of risk management.

the current price is in the $17700 and for $20,000 is missing $2300, I would say it will be very easy to reach $20,000 this year and the good news is this:

Watch these two levels if Bitcoin price sees a major correction before $20K (https://cointelegraph.com/news/watch-these-two-levels-if-bitcoin-price-sees-a-major-correction-before-20k)

if these guys are doing peximistic analysis, then that means we’ll see a big price increase, because whenever these guys do some prediction the opposite always happens

That was a good decision as the price rose to more than $18,000 after that. If he were able to sell that at $18,000, he could wait for the price to fall down to around $17,000 and buys back. Right now, we are at a correction. Who knows until which support this will fall. I doubt this will fall below $17,000 though. This is probably just a quick one and another bounce will happen which will probably opens up the $19,000 level.

Correction may happen any time soon now because Bitcoin Broke the $18,000 barricade last night so what we are expecting now is the correction before heading to $20,000.

There are many good news that popping now and one of those is that Mexican 2nd richest man investing His 10% wealth to crypto.

So expect good movement for the market as another positive is coming.

Imagine if 105 of the richest people in the world investing 105 of their assets here in Cryptocurrency, there's going to be a massive pump, that is only one rich guy in one country and it made an impact, I guess that is what we need more whales coming in more rich people joining the community, but of course major companies and websites accepting Bitcoin.

Indeed. Now, the price is down again to $17,500. I think it will stay like that until the weekend, so the price will have a chance to start rallies again in the next week. The price is still at the correction and we might see another drop if people panic to see the price and the red candle at the market. We can hope that the price will be like that, and don't drop too far because it will need more time for the price to increase. The next target will be at $19k, and I am sure that the price will have the opportunity to touch that price.

It's not bad decision I'd say $18k worth is already a good mark and good profit as well if you buy it on low price. And leaving some for your long term was a great decision as well. We can't say how it will move after all. We better to take the opportunity we have rather than waiting for more because we might lose it and regret it later, in other words don't be greedy.

Subject to pullback right now that Iam observing it, how much is the speculative hard to call really but I will post up my chart so you can see the lines in the sand as Ive drawn them anyhow.

https://talkimg.com/images/2023/06/12/AcAZ2.png

Nothing complicated as I dont believe in a chart without clarity for likely giving me much predictive confidence.   So we've lost 2 day average for the moment which is very fast momentum measure but lately thats been the spirit of BTC.    Then the top line here is the upper edge of the bullish channel and again we challenge this and below in a mirror of that I'd call the lower trend as probable range for today.    So target downside for now is below 17k which maybe disappoints some but 16.5k is reasonable pullback for the progress upwards to continue.   Also weekly average is about 16.5k and similarly I consider that more vital to positive phase in BTC continuing.

The price is approaching $18,000 once again as of this moment. The correction is through and it was nothing but a very tiny one. That was hardly even a correction. For now the target is just $18,000. But once it breezes through that, $19,000 will be an easier target.

The resistance will definitely be very hard at $20,000. That must be the strongest one in this bull run. I am sure there are a lot of sellers at that price level. We will see whether the demand can absorb the selling pressure.

I also arrived to similar conclusions about a short-term pull-back, in summary somewhere between $16.6-17K to maintain bullish momentum, based on a parallel channel of support. Failing this, I find $14-15K to be increasingly likely (-15-25%). But first bears would need to break the support trend-line before gaining any hope of a deeper correction.

I am very positive about this, and I am sure that the price will go up to more than $18k. Although the correction is not too deep, we need to be careful because there is no guarantee that the correction will not come again after this. I guess that after the price can increase and jump to $18,500, the price will have many fluctuations before it breaks $19k. That can make us and many people panic and will think that the price can be dropped anytime.

To reach $20k is not easy, and we still need more than $2,000. Whether it will happen this month, next month, or even next year, we need to hold our bitcoin and wait for the next highest price. I guess that once the price can break $20k, many people will sell their bitcoin at that price, and they will not wait too long to make a profit.