Bitcoin Forum

Not a question of "could we?" but a question of "when?"

This is certainly happening within the third quarter of this current year. We are now past $10,000. This rise might be going on for quite a while approaching $11,000 or even $12,000. If not, then a quick correction is happening before another rise that might finally hit $12,000.

August will be pivotal to the rise. Altseason could have started, which could lead to decline in dominance of bitcoin even with its minimal price in coming weeks. I never understand how ethereum was meant to lead this market this time and this is the reason I wont encourage trust in some bitcoin maximalists but the realists in the space that are more about making money not engaging in contention.

I quite believe that when the price of bitcoin reaches $ 10k, there will be higher price speculation. Well, I also expect that and hope this year even reaches a price higher than $ 13500. however, bitcoin has just reached the price of $ 10k, so we need to see the developments that occur. if the pattern of rising prices goes up continuously, I feel that we will not wait a long time to see the price of $ 12k.

I'm beginning to think, if we break above 10.5k the next target we should be aiming for is 16k on a longer Timeframe.

There looks to me what could be a falling wedge or symmetric triangle (based on what points you take along it since the start of 2019 (but I don't draw lines - I look)...

Edit: don't trade on this as it could be a fake out - but if the price consolidates in the 10-12k regions for a while it might be helpful. it might be useful. If it is a fakeout, the most likely scenario is a continuation down to 2.5-3k lol.

This is very funny. First we have topics all the time with theme when Bitcoin price will cross 10000$. Once this happens questions like when will price cross 12000$ or 15000$ begin.
First it's hard to tell if this will be growth for a longer period of time or another correction will come soon like it happened often this year. So, let's wait for a while before we start talking about higher price levels.

True. The price has just crossed $10k barrier and people already asking about $12k. Im sure same people will immediately create topic “when 15”, if the prices crosses $12k.

When will people understand that bitcoin can not just grow by itself and show the growth all the time...

That's what traders do, as you can see, OP showed a graph and explain it based on his opinion.
Expect that more people will even create thread similar to this as the market is getting bullish, and that is a good sign as it could help the readers to be convince that the crypto market is now bullish and might rise more.



Bitcoin will grow when people are investing, that's it, but what OP is showing here is definitely just a short term movement in the market and it's quite relevant as bitcoin always have some surprises that it could even pumped significantly in hours or in a day.

But why did he draw this red line going up? He could have drawn it down and ask when will we see 7k again?
I dont think we would see 12k this year. Just wait for an autumn and covid will strike on world economy with new wave. Once again the prices would go down...

We will see $12k soon, and I am sure that the bitcoin price will be more than $12k. Perhaps, we will see it in the next months because we have more time to see that will happen. The next question is, can you have more patience to wait for that price? If the answer is yes, I think you should wait for the price to increase step by step because that is what we see. But you need to realize that bitcoin price can be back to the lower price after reaching the high price, so make sure you can sell your bitcoin at the right time.

We should enjoy this moment because, finally, the bitcoin price can back to $10k. After all, we are waiting for months to see that price. So if you want to sell bitcoin now, you can use this time to make your profit.

Hi Lasky, 2019, or 2020?

Just seen $10200 and as the usual move of bitcoin, it swayed back to $10100 and it's still a good price obviously as it's just under $9500 a few days or week ago.

We will definitely see $12,000 again. I guess we're seeing the effect of halving earlier or this is now the result of dollar injection in the economy and the DeFis rush.

There is no major news as of now in both bitcoin and Defi. I think this sudden pump is just a normal price recovery since the bear are already exhausted @9000$ level. The RSI also shows that BTC are already oversold since last week and the break @9500 confirmed the trend reversal although I'm not expecting much this time because BTC are changing price at range of 9000 to 10,000 for over 3 months. A strong closed above 10500 will secure more price movement above.

$12k is just a small amount for me, i expect bitcoin to go above $12k before the end of Q3 of the year. Crypto market is getting bullish, can't wait to see what happens if altcoin follows bitcoin movement price.
As it stands now, bitcoin price won't fall below the price $9k again until the bull run starts fully

Too early to say since there is literally no handle yet. :D

It would make sense though. With $10.5K being such an important technical level, bears will likely attempt a selloff soon. There was also a weekly gap left on CME Bitcoin futures at $9,615 so it wouldn't be a surprise to see that gap filled.

All in all, things are looking bullish, but nothing is confirmed until that $10.5K yearly resistance is cleared with authority.

Ok, I get it. I remember the good run during last year.

Probably. We've been in tough days last March so this could be the opposite of that bearish trend for that month and you are right on that. So that's the next goal for all of us, to wait for the closing of bitcoin to $10,500.

Still a "could we" for me. Here to at least $11200 is a really wide area for easy profit-taking, especially for those waiting months to do so, and with the knowledge that the second wave of global economic meltdown yet to come (now that, for me, is not "could" but "when").

Would prefer this retracement from profittaking to happen soon, though staying this remainder of the month just above 10k would also be seen as a sign of strength.

The $ 12k view on Bitcoin really strikes me as very appropriate, in fact, by reviewing the volume of Bitcoin on various exchanges, it is quite possible that I can make that good leap, I see that a bullish move is likely to occur than a bearish move, also taking into account the amount of time the side price has been, it is possible that a liquidity zone has been created to resist any attempt to fall.

Bitcoin's volume is really increasing as it's noticeable since the last couple of days, and yeah we're more likely entering a bullrun. Though just like everybody, nothing's so sure, but at least no sign of being bearish since Btc was hovering around the $9,000 level.
If Btc touches the $10,500 level, I have a feeling It will break through $12,000.
I'm not sure but I guess people are putting their money on the assets that were considered as safe heaven, since Gold are also rising.

Obviously, we are going to target higher price once we get over the hump of $10k and was able to sustain it for long term. We won't see a parabolic rise, we need some healthy corrections unless we are really in a bull run like 2017, but we are still far from it.

The volume though is a good indicator, when we are trading sideways, I can see around $12-13 billion, but it seems that with the dramatic rise, the volume double as well. So let's see if we can maintain the price above $10k and hit $10,500 and then we can talk about $12k or even higher next quarter.

I don't think we will pass $11k this time. That's true that we have a long consolidation period around $9k and with such sudden fast rise, a fall will follow..

I have a different opinion about a possible second wave of pandemic, and somehow it seems to me that at least in the EU there will be no re-lockdown, and that as now every outbreak of the virus will be treated by isolating only a certain city or region. I may be wrong, but I still hope that the scenes from last winter will not be repeated - that would be really catastrophic for all of us.

Right now BTC looks pretty bullish, but that resistance point at $10 500 will show in which direction we’re actually going. I wonder if this growth has a foothold in something (maybe some big investor’s money is coming in), or is it a bear trap? However it turns out I am glad that we get a little action -  at least we won’t have to read how Bitcoin has become a boring investment.

I have been followed a crypto movement price since how many years when I started adopting Bitcoin and this is what I have noticed. When the Bitcoin price was in rapidly growing up, there's an opposite movement and I will not surprise if one day after this surge Bitcoin price will drastically down without any time frame.

It might the price will up to $11k this month and will have a small correction. Probably there is a zigzag motion of the price movement but it always ends up to the higher price. Think it over before you will cut your profit or patiently wait until you've got the desired profit that you want.

It’s being long wait for people to see this price of 10000$+ and staying above for a day now which is a good thing. It being long and good to see if it can continue holding this price and stabilizes above 10.5k. If people start to sell their positions, then we will see again the fall may happen and will be back to 4-digit figure.

I was talking about the economic wave rather than COVID actually =) Although that could be related in the end. I do think the actual direct impact will be softened in Europe, though in large swathes of urban Asia people are already feeling the cuts, my own family no less. The near complete lack of safety nets and all that.

The last Q report from the central bank where I live now (in the EU) predicted at their most optimist (they usually have 3 optimist, neutral and pessimist outlooks) that this slowdown would see 5 years of growth wiped out. If this coincides with a housing and property bubble burst (already on borrowed time as it was supposed to have burst as early as 2017!), I have a feeling people are going to be really, really tight with money. And that means NOT buying Bitcoin.

Hope I'm wrong, of course, but I'm already feeling the pinch financially and have been selling more Bitcoin than I want to for the past few months... I know I'm not the only one.

From my point of view, if bitcoin's price will continue to increase up to $11,000 we might expect that bitcoin will go for $12,000 by next month because it is a sign that bitcoin is now in the bull trend. So I wonder if bitcoin's price will go up or down, after it hits to $10,000 by the end of this month of July.

Bitcoin's price is at $11,000 already base on Coinmarketcap.

My prediction with when the $12,000 will happen is anytime this week if there is nothing bad happen. If this pump can be hold for quite a long time like it will not go down again below the $10,000 price then this maybe is the time we are waiting for :D. Maybe, just maybe this is the start of the bull run many have been waiting with but still lets be vigilant and be prepared for the bad things to happen.

We are both bullish in Bitcoin like many others here so yeah... bull run incoming  ;D ;D

The price already cross to that level and the speculated price by now is $12,000 and hopefully we can see this coming up since for sure it could light the fire and start the hype on any cost, and maybe we could see a $15,000 in next month or on following this year since the movement is pretty much good.

And just like that, we are now more than $11,000. Bitcoin is surprising as ever. It never fails to prove us wrong.

That's part of the beauty of Bitcoin. It cannot be arrested by all kinds of analysis. Now the bullish trend continues and it seems to break even the $12,000 much earlier than most people could have imagined.

Before the end of this week we may see $12000 again. We just have around $800 to go. Bitcoin is advancing currently with no significantly news are fundamental issues and that means people are having confidence in it. For the big players it is the time to keep buying as we have the speculation that bitcoin will test $14,000 again.

It seems we won't be waiting that long before we see  BTC cross $11k and $12k again. See this analysis from tradingview (https://www.tradingview.com/chart/BTCUSD/y4qCu3BM-BTC-USD-Broke-Through-Ascending-Price-Channel-Target-11-5K/)



It has been long due for BTC to rally towards $11k, several predictions from TA had been stated that BTC might cross $10k this July and it happens.  We just wait and see if the market is ready to support this kind of surge.  I would prefer a slow and steady price increase than the sudden spike and crash one.

It is surprising to us that bitcoin finally can surge to $11,000. $12k is on the way to reach, and if the bullish still stay at the market, we will see $12k before the next month. The next month, the bitcoin price can go to another high price, and perhaps, the next hard target at $15k will be wide open. This moment seems many people buy and sell bitcoin because it is up and down many times since yesterday. I see a flash dump for a moment, but gladly, the price can survive and back to $11k again.

The bullish trend makes people excited, and I think many of them are back to the market after they think that bitcoin price needs more time to increase. But after they see what happens to bitcoin, they feel that bitcoin has the opportunity to grow more than that price.

Of course, everything is connected - but regardless of everything, the first wave of the epidemic caused damage - although experts claim that the real effect will be felt only in the coming months and, of course, the years ahead. Yet individually, each country has taken some measures and tried to save the economy - so projections predict a 6% drop in GDP in the EU, but some countries such as France, Spain, and Italy are at around 11%.

If we look at how all this affects people's purchasing power then we can assume that people will invest less in risky things like Bitcoin, and on the other hand that even the biggest holders may have to sell part of their supply because they will have no other choice. But the fact is that big investors have trillions (https://bitcointalk.org/index.php?topic=5256713.msg54648178#msg54648178) of dollars at their disposal, and the fact is that they invest when there is blood on the streets.

Over the years I have seen various falls and jumps which is quite normal for BTC, but I have to admit that this jump surprised me quite a bit. I see price was $11300, and now it is $10700. It would be nice to stay above $10 000 for at least a while.

Yeah, I don't necessarily believe GDP drops are the only thing that matters (and I believe modern economists are also rexamining this fixation with GDP ad the barometer for economic health) but it still sends jitters throughout employment, business, certainly for the consumer.

Regards to investments, I do believe that people will actually see Bitcoin (as a new alternative alongside gold) as a viable store of value, to protect against hyperinflation etc. but this is for the middle/upper class who will look to move their savings out into these assets, especially now in the EU as interest rates drop to zero or negative. So you're right, they will be investing in blood, but they'll still be focusing on cut-rate assets now like real estate. I personally think the wealthy (and institutionals) already got Bitcoin exposure in 2016 or earlier... while those who went in at 2017 largely cut their losses in 2018/19. So whether or not they are tempted to get in again now, if that happens, then yes there'll be momentum from them.

But for the middle/lower class, where they will be already eating into their savings now, as most people I know are, they will not be investing and yes, Bitcoin is still considerably riskier. That sheer strength in number will be lacking in any serious push for a new BTC ATH.

Again, complete speculation with only anecdotal aspects. Anything goes at this stage.

It is rising again above $11k in most exchanges (11,010 - 11,030). I didn't expect it to pass $11k so fast honestly and still think that the price will crash at some point after this fast rise.
Seeing some resistance and people buying to keep it around $11k is impressive tho!

Good sign of much stronger run, if this will break another level then it will push more. Glad to see that volumes seems that
it's good to hold above 10k mark, still speculative and even there's good barriers chances that big earners / bagholders can make a difference taking the other side of the directions, for now let's enjoy what bitcoin is bringing to us.

Weak hands are out of the game, a massive % of coins haven’t moved for over a year (I think 62%).
The halving cut the supply of new coins in half, supply is down. We’re moving in the right direction, $15,000 is possible this year imo.

That was a sudden shake up of weak hands after holding the market for months  :D. What ever it may be it is really pleasing to see the market breaking the resistance and moving higher and hopefully we will end the year around $15000 if everything goes well and it was a few months of hurdle trying to break the resistance and finally we are moving towards $11000.

As many people predicted (there is also an expert I guess) who say that the longer bitcoin market sideaway then we will see a good move after it (dump or pump) and we can see it now.

Bitcoin pricr has been surged and pass the $11.000 barrier yesterday that I think it is a good move for bitcoin. Just hoping that the movement price will be like gold price movement which has touched new all time high.

Because I see now that the retricement price will not reach $10.000 and below as you can see now the retracement price only reach $10.500 and now its price is trying to reach $11.300 again.

Locally btc have a breakout of the Head & Shoulders and BTC is testing the 10.765$ Local Support.it might take a correction in case Local Support is lost.
On the Higher Timeframe it took a rejection of the Higher Boundary of an Ascending Channel.Important, it's only low risk for to short on the Local Support breakout, as BTC looks bullish at Higher Timeframe.

All these "head and shoulders" will put trades to knees and toes. Dont trade using graphs only. Market flair is also important. If traders use graph figures to predict where price goes, than why do they make wrong predictions? This "head and shoulders" can easily turn into Barn Simpson head and what would you do next? Say oppps, I've read the graph in a wrong way?

Of course it will crash, it always crashes, but the question is when? I think we will soon test the resistance of the last year, which was at $13-14k, because we already have a momentum for that - gold surge, post-halvening expectations, bullish buildup from the last few months. Even if we crash, this 10-11k level might be a new area for consolidation, and then we'll see even higher heights. I doubt that we'll see 20k anytime soon, but it seems we entered the bullish market now.

Because technical analysis is like flat earth.

It's only BS.

All these stressed 55 years old traders with 8 screens who are trying to gain some bucks  :D

Better make some studies in the sectors where you want to invest and also in different kind of sciences, including psychology, ect, and being a free man with all your societies and investments.

I am sure the crash will not happen in the near future seeing the movement of bitcoin is very strong at this time and therefore we will continue to survive and start peaking what you say is true we will be at 13-14k resistance in the near future.

After this bullish trend has ended, crashes can occur but it will not be so severe that we witnessed before so I think we are waiting for the best momentum when this surge occurs.

There is less chance for price crash, and we can expect the price to have resistance around the $12000 range. Based on this there will be slow growth taking place for few weeks time. Further on the price might fall back to gain resistance and once again moves forward. We need to act wise during these occasions as there'll be high panic sell.

Nice, I bet it will take a few more days and Bitcoin will once again test the 11.5k$. The momentum is still strong. News is breaking with bitcoin and gold in the few recent days. Investors like me have more fate in bitcoin. Hope that it will soon from the cup and handle pattern.

However, we need to ensure that the pandemic will soon be sealed. If there is another outbreak, it could cause the price of bitcoin to drop sharply like it was in March.

I feel like we are getting close, real close. Look at the current situation, we are going up and we do not have a reason to go down. We are living the expected period of bitcoin when the miners can't mine as much as they used to but they do not have too much at the side as well, so they need to not sell too much in order to make sure the price goes up for them to make a profit.

Even the greatest machine can mine bitcoin for about 7k right now, 5-6k if they are doing energy themselves but all of that costs a ton of money, so they will want to make a lot more profit. Hence, I believe they will increase the price by not selling, or even if they do, they are not mining as much as they used to so they can't really affect the price all that much anymore and that is why I believe price will keep going up.

It seems to look that the market is preparing for Bullrun, maybe we are getting through that point at any time late this year or early next year. I'm looking forward to seeing it keep moving forward, $12k is not really at far. I was thinking for $15k right now, to be more optimistic.

But people shouldn't be too confident with the market position and we know how volatile the market is, isn't surprising by then if we can have some dumps along with that surge just like it happen in a couple of hours (at this post) from $11, 400 plus down to $11,100. Maybe we have to be prepared for a possible market recession than to be more excited to see it skyrocketed market hike.

Even if we can see this stances still we need to be careful on the movement since its still quite unpredictable to tell on what is the next move of bitcoin so best to always watch the market if we are thinking about entering or trading in the current state of the market. But I also assume that we are heading on great price this days since the hype is so alive.

That was too optimistic mate, if you meant that it will go for $15k this week, I won't agree. Probably at the end of this 3rd quarter Bitcoin price will reach on $15k price or more but as of now the price was struggling on $10k range and it seems there is a correction of the price every now and then.

I was right on my prediction that the price of Bitcoin will hit $11k in the week.
..and I'm pretty sure there will be a small correction as we always experienced this way.

It should be, a correction must follow after the big increase in Bitcoin price. So, that's why I am not really sure that we will see the Bitcoin price to reach $12K very soon. If we look at carefully, after yesterday the price achieved $11K, it dropped a bit below $11K again. This probably indicates the price won't go to the next target ($12K) immediately but seems to survive about $10,500 - $11,000 temporary. However, this is purely my speculation as a non-expert for the price prediction.  :D

The price has always been up and down. Sometimes small ups and downs, sometimes large ups and downs.

In terms of speculation, sometimes a non-expert ends up right than a so-called expert. Because they are all doing nothing but guess.

The $12,000 is not immediate of course. It was hard to imagine that Bitcoin would suddenly jump from $9,000 to $12,000. But $11,000 means the bull is here. There is of course a correction. Depending on how deep it is going to be, we might see $12,000 very soon.

Now that it has stepped to $11,000. It's safe to say that we're going to see bitcoin going $12,000 again and that's an imminent price for bitcoin to approach. A week or two is very possible but let's all just enjoy the ride and see if it goes by the end of the week or not.

If not, let's hope for another week or for the next weeks. As long as bitcoin is showing a better price this time, I'll relish it while it's staying on $11,000.

As long as there is no panic in the global economy there wont be any panic selling as far as i see, the market is moving higher and it is a good sign for the entire market and with the halving we were certain that the market will move higher and as long as there is no weakness in the general market situation we wont see any major sell off in the bitcoin market as there were already reports that the funds houses are accumulating bitcoin for a long time.

It has always been so and it will be that those who have more will look for a way to increase their property or protect it through some investment, and those who do not have even the basics for life can come into contact with fragments of BTC only through faucet or PTC sites. Now it all comes down to questions about whether it will be possible to create a new FOMO (similar to the one from 2017), or the middle/lower class will not participate this time because they have even less money than 2017 - or they learned something in the last big bull run. For those who just want to make a short-term profit, the key is the moment of entry and exit.

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It was also some of my thinking for a possible price at the end of this year, but solely based on the 2016 halving and the fact that the price doubled after that by the end of the year. As things stand now, someone seems to have bought or is still buying BTC and keeps the price around $11k - and there really seem to be fewer and fewer weak hands.

The price just burst out of $10K and it continued to increase right now at $11K.

This might go back and forth for some time and it might be the late effect of the halving and might be the incoming investors in India. The pandemic is still here but the price are now increasing, we can say that it is not directly affected by the pandemic. I guess we can say thay this might be the start of the new ATH.

It's happening and it's continuing to grow and gaining strong support.

Good to see that it's still holding and moving forward to rise up, new investment really a good reason for the pumped.


Chance that diverted money are flowing coming from another venue of investment that's why it's really making good run right now.

Hope is there that it will be the best  time to hold and wait for that new ATH being achieved.

You think so? Weak hands might be out but now we are seeing more and more fomo so you can guarantee there are more new entries now, so if Bitcoin drops for a while to 8k or even 7k,,, which is very possible, these weak hands are the ones letting go first right? So we might end up with yet more price drops this year once the dominos fall.

I hope it will not happen again, we have seen the worst of it last March, when the news pandemic come out but since recover there should one bad news for Bitcoin to crash again not because weak hands choose to sell, even weak hands has reasons to sell their Bitcoin, they don's sell because they want to sell they also wants to make profit.

Congrats on 12k again, we're pull back after that peak as it seemed significant to more then a few.    I see price is below 2 day and weekly averages, its reasonable to wonder if it can retract back to 10500 and challenge this support level.   Naturally some of the rise in BTC price previously was containing speculators, some on leverage and so now sellers.

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

These are only short term measures as we've gone sideways for a week in sum total, its natural for us to be close to neutral to negative by this measure.   As we lapse momentum into something less excited some shorting and natural sales may occur such is the distributive effects of BTC markets.   We are not yet within a regular bull trend imo and I also want to consider pricing on weekly bars to include last years peak pricing and prior pricing at this level for contrast.

I think we don't need one bad news to see bitcoin to crash again because bitcoin can get drop without news, and we already saw that happens. I hope that the next downtrend of bitcoin will not make the price is down too deep and not occurs too long, so the price can back to the higher price and break another highest price. Perhaps, we will see the price can be able to break the highest price soon this month or next month, so we need to prepare that thing before it's too late.

I noticed that the market seems to be maturing as we go a long. I mean if there is one negative news today, it won't simply affect the market in a drastic way not like before. And usually if this downtrend happens, bitcoin already proves its resiliency isn't it? -30% and then followed by a massive spike to negate those downtrends. We are going to enter in the last quarter of this year, and there is a huge chance that we can end up in a more positive outcome, maybe 14$k-15$k range.

Why would the price not crash again ? What is fundamentally different than in december 2017 when we saw a huge pump (and than dump) ? It took a long time before BTC price was able to break again the 10 000$ mark.
Maybe that the price can continue to rise, but at a certain moment, we will see another crash (at least that is what I expect).

Well, it is moving from its bottom and recovering once again closer to $11.6k levels, that could mean that people are once again bullish on bitcoin or if that is not it I don't know why it is going up. In the end there is a bit of hope inside of bitcoin and it could definitely go above $12k and stay there. It did peaked above $12k for a while but that short couple hour thing is not enough we do need it to be at least over a week of $12k+ so that we could be actually taken advantage of that situation.

Hopefully in a month or so, or before 2020 ends up we could see that happening, a full on week of $12k+ would be really great for my personal profit actually and I am sure it would be for a lot of people as well, I would probably exit there and get in lower if it falls.

The pandemic is the one bad news that almost crash the market to it's lowest level but eventually recover because of the community supports from big players and I can't think of any bad news that can bring the price of Bitcoin to it's lowest, we are hoping that even in our condition we can still reach another all time high and eventually move to a long bull run, that we are all dreaming to happen.

We dont actually know on whats the reason behind on how it did able to sustain in spite of the pandemic situation.Lots of markets had taken down and crypto market did able to  withstand such situation
on where it didnt really dump that hard unlike any other market that we've known.

In talks of current price and mentioning 12k then we are almost hitting it yet its currently 11670 and a few dollars left then we will able to reach it up which we do know that this is the highest high price
for this year.

but pretty sure that there would be bounceback if we do able to hit that 12k resistance but we dont know for sure.

The growth of cryptomarket during the ongoing pandemic is really a big thing, as rest of the markets were facing downfall. The resistance break took place at $10000, further it happened with $11000 and now looking for the next barrier. For sure the market will bounce back, and the year seems to be good and continue to reach high considering the ongoing growth pattern.

The current price is so close to $ 12k. Moreover, some speculations such as the Cointelegraph  (https://cointelegraph.com/news/price-analysis-8-5-btc-eth-xrp-bch-bsv-ltc-ada-bnb-link-cro)also argue that an impending price hike has the potential to make bitcoin price reach $ 12k. however, I really hope that this month, the price of bitcoin reaches $ 12k.

In these last quarter of this year, we see the price can stay strong than before, and that can make bitcoin stable to increase more. And yes, the market will not drop if there is one negative news today, but sometimes, that happens, and that makes people panic in a moment. We will see the price will go up to $15k, and I am sure that sooner or later, the bitcoin price will be back to $20k, and at that time, bitcoin price will have more chance to touch the new ATH.


The price will always down and up, and we know that happens many times. I don't know what the real reason for what happens in December 2017 because I never overthink about that is. I only want to enjoy the price at the highest price that I ever saw. I only say to myself, when the price can break $10k, then there will be more opportunities for bitcoin to break another highest price, although I don't know when it will happen. We need to be ready for the next crash because we don't know how much the price will go down, so having another plan will be needed.


We will see that will happen because the market is already recovering, and it will fully recover when the bull run comes. We can hope that the bull run will come not too long than today, so we can back to make a big profit again.

What current movement is happening right now is great reflection of the the peoples trust on the halving effect or some certain hypes coming after this incident and I believe if there's no pandemic when halving occur the price would soar high and it will surpass the last 2017 ATH, but since there's a pandemic maybe we can see a slow growth and breaking at $12K on the past day is a great sign and we need to see another close action so that we can get the trust of major staker to hold and buy more bitcoins for another pump ups.

The fact is that today almost all countries are experiencing problems with the economy. By observing the panic in all markets, as well as the depreciation of the dollar, then many investors and large companies have a serious desire to preserve their capital. This is what I believe is at the core of today's rise in Bitcoin and gold prices. The fact is that even the gold metal for a rather long period first reached the price of $ 2,000 per ounce. The situation is the same with bitcoin, and therefore I am confident that the price of Bitcoin will continue to rise even above 12k.

I think $12,000 is not the issue but we are now seeing the next target at $14,000. The trending is more of a surprise move than we thought. I believed bitcoin may test $20,000 before October this year. The infect of covid19 on the world economic has died down and we should expert better market conditions from now on.

This is very optimistic ptediction, 20000$ before October. Although 12000$ looks only a step away we have to have in mind that situation in the market might change quickly. Yes, Bitcoin price will probably cross 12000$  but the question is if it will stay there and if the price will continue to grow. Anyway, I don't expect for price to go all the way to 20000$.

$12,000 came and whichever target we're aiming, we can't do with it. But you can see that there's a stronger connection this time and the resiliency of bitcoin is much bigger the second time around. It looks like we didn't plummet to $11,000 from $12,000 and it's making it easy because we're already approaching $11,900 and could be $12,000 any time soon. I'm optimistic as always just how bitcoin showed us its motion this time within less than a week.

In terms of hitting the $ 12k price tag, I'm pretty sure, even this month, bitcoin prices can hit that price. it's just that, thinking that bitcoin prices could hit $ 20k before October, I think that's really optimistic thinking. I don't want to drop your confidence, but try to wait for the $ 13k price first.

Based on the increasing price, we will be reaching it in no time

The current price is at $11.8K, I doubt that it will stop there. It might break the price at $12K and even higher, maybe $13K might be even broken. This is just amazing, I wonder how long will his last? Maybe weeks more and we might even break the ATH.

There are so many days left for this month to come so provably we will see the price reach to that numbers since the good times still happening plus the hype from the people who think positively for the current situation still intact so provably the next figure we will speculate is the $13,000 and might we will see this on when this numbers came.

The altcoins are also following.

I thini we can really expect that the price can reach up to $13K this month. This is just the second week amd the prices of cryptocurrencies are making good movements. We don't know how long will it go but if this continues maybe we might even see $14K this month although I doesn't see it lasting.

The current retracement in the price of Bitcoin can be taken as a small push to reach $ 13K, it must be remembered that even gold fell, this can be an indicator for some weak hands to sell fast, and once that offer ceases, the price begins to rise only with a pronounced volume, according to how I see the market that bullish scenario can occur.

Next time when bitcoin go above $12000 there'll be a strong price rallying. Now there is more chance for the price to drop and reach close to $10000. As in the above quote it is time for re-accumulation before a bounce to the resistance barrier from which the price has started to crawl downwards.

Yes, provably since there are much price stability than hype so possibly we can see a dump for a while and then followed by the pump since this could be a time for whales to get some cheap coins for a huge pump. Halving effect hasn't done yet and seems this is similar to what happen before so we should watch the market movement by now.

The price has already marching and move upwards 11500$. We might see it reaching 12k again and do not think it will come down here to 10k levels. Though if it can get stable a bit above 12k then it can even rally towards the 13 k levels. It seems today some profit booking happened, but it has good strength above 11500 now.

No one can predict Bitcoin price.
It did reach 12k level twice this month but was not able to hold the price point. It seem it has strong support at $11500 and strong resistance at $11800 level. These are two levels that are dominating Bitcoin price this month.

For Bitcoin to stay at 12k price point it has to break the resistance that it faceing at $12100, which I also cannot predict when will it happen.

It was such a close situation to 12k and we are down again. I do not understand why it is dropping like this, I mean economy isn't really all that recovery mode for now, the big ones are recovering as imagined but the regular people are still in trouble.

I feel like if we could have kept the economy at a reasonable place for the regular person who goes to work 9-5 and still can live as well as few months ago (or basically around the new years) we could have said bitcoin price dropping because everything is great, but just because we dropped insanely low and recover just a bit doesn't mean we recovered to what it used to be, maybe for some but not for all people. In any case I think people will see that eventually and the world will go back to bitcoin and price will soar once again.

i believe this recent movement has nothing to do with the economy. instead it was simply because $12k was the next big price resistance. it was either that or $13k which happened to stop at $12k.
if i recall correctly last time we were exactly here before the struggle began and then the pandemic broke out and put extra weight in the sell part and caused the drop.
so now that we are back in the same place, the sam resistance is starting to show itself.

https://imgbb.online/images/2020/08/13/IMG_20200813_082957_084.jpg

$BTC Update

Was too early for breaking the the 12k$ Horizontal Resistance, so that to break the accumulation range. Now we have price ranging again and currently testing the mid line of the Channel. Fixation above will at least push us to the 12k$ Resistance.

We should expect more from bitcoin in this year. $12k is not good enough price for this stage. Hopefully bitcoin will reach $15k-$16k within short possible of time.

i wouldnt call $12k bad but its a holy grail because no one would expect that btc will reach the amount this time when everyone or everything is not in a good mood for business .

 its done it did reach 12k so what can we do ?  we cant help but expect for more   .  you just give me an idea that $15k-$16k is an attractive values to hit next  .  as of now price parked at 11k something but itl move once again anytime of the day

If you look at the first and second halving that this year is not an increase from bitcoin, so it can be concluded that at the end of this year if it is true that the halving occurs next year, then if bitcoin will be able to reach $ 15K is a fantastic thing.
because with a year-end price of $ 15K it can be concluded that in 2021 bitcoin will reach its peak, which could be bigger than 2017.

https://talkimg.com/images/2023/06/12/Ao6H3.png

Rejection from a weekly average gives rise to the idea we can cycle through this range and touch base at 10500 again to check and confirm or pass prior support.   Its not yet clear we are bearish or just consolidating within a rise but losing the weekly average is how I mark negative phase to price movement for the moment.
   I do think the 50 day average is reasonable for a downside target, range has been constricted recently and a proper phase change would have us expand in either direction for the moment thats somewhat downwards.   To disregard my negative take or the markets apprehension generally lets see 11560 passed or imo pass this average shown in blue and close above today or tommorow would be a positive turnaround, quite possible leading upto a weekend.

I do not understand this psychological need to break over $12k and somehow it means something more than what we have right now. In most places bitcoin price right now is over $11.7k and under $11.8k which means we are just 200-300 dollars away from $12k, how do you think that being over $12k would mean anything different than right now, obviously I am not saying over $12k as in $15k, I mean like $12.1k couldn't be that different from $11.8k right now, those are very close to each other.

I think this is purely psychological by the people and I feel like there is really no reason to think that they are different all that much if you remove the emotions out of the picture and just check it like a robot. What happens after this increase is the important thing, if it goes up it will go up way above $12k and if it goes down it would be under $10k, that is what matters.

The rest of the price is still quite stable so I think the market movement will continue and to hit 12k is an easy moment when the market is still in a bull run, we have to see how this correction will happen going forward but in my opinion it will not be as bad as what we are. wants to buy at low prices but for sure this resistance is very strong to continue above 11.5k.
After 12k it might be easier to go up faster.

When it comes on breaking resistances then next tendency of events will really be heading on next resistance as well and then that price action would be rejected.At this moment
we are almost hitting 12k price point yet $250 lacking or gap wont really be that much a big amount for a single swing price movement on Btc but the question is, would it be rejected when we do reach
out that level or would able to break? but it seems that this price level which we would stay for long time just like what happened when we are still on 9k price but well anything can
happen onwards.

Then another correction might happen.

I thought that the price will be stabling at the price of $11K, rising to $11.8K then went back to $11.3K the last days, right now it is at $11.7K which might be the time for it to break the wall to $12K. I think it will just be a matter of time or maybe days. I also agree that after breaking at $12K, there will be a low resistance going higher.

well it looks at the MACD 1W analysis, if the trend really hits $ 12k in the next 1 or 2 weeks, it might be even better in the future, at least it will also push bitcoin prices higher in the next year

Just looked on the price chart and we are $11800, there could be a correction the buy support is strong now we can finish the month of August at $12000 so far things are looking good I'm optimistic on another all time high,but I'm also realistic that it could not happen this year probably early next year or first quarter, that's a moderate prediction based on the price movement.

There is resistance out there, look at the current price in daily chart where there are many wicks where it only indicating that there are many sellers in that area. If the price manage to break it, then it is good because another price increase that we are going to see again. The price of the bitcoin is now trying to break that resistance. I hope that it can become successful and for sure that many speculations will pop up if that happens.

Any moment today bitcoin will touch $12k im sure of it. And before this month ends  bitcoin will be near $15k. Im seeing the same path of bitcoin last 2017 and this year.

It is now happening. The market price of Bitcoin and other cryptos are continuously rising and Bitcoin manage to get close to this price mark and if things will be fortunate for cryptos, $12,000 mark is not a hard thing to cross. Given how other cryptos are also having a good rate of increaze at this moment, I'd say this can be a bullish market scenario. The only question hanging is how long will it last or will it be able to continue until the end of this year? 'coz more likely this will be followed by a sudden downfall just like what happened before. So we better be careful and not let ourselves to be carried away too much by our expectations.

Is there another crypto you trade around back and worth to make like a few hundred profit each time? Like how's ETH evolution compare to bitcoin?

Look at the chart and observe it very carefully, there are a lot of spike in the $12k area and most of them failed to stay above it. The thing is the bitcoin is having a hard time to surpass it, meaning there will be another rally if the bitcoin managed to achieve it. Even though we are now in bullish market, we should still be careful because everything can happen. It can transition into downtrend easily through breakdowns so we should always have a back up plan but the possibility of that happening is low so it means that the price of the bitcoin can go up more due to its current sentiments.

The price will break it, and we are on the way to break it. We already see the price almost touch $12k, but unfortunately, the price is down for a while to raise more support. And in the next chance, the price will have the opportunity to increase and break $12k. I hope that the price can break the resistance this week so that we will see another new high price.

It will happen, whether this month or next month. I am not sure if the price can go near $15k before this month-end because it only has 13 days to increase. But no matter what, I am sure that $15k is about the time, and if the time comes, bitcoin price will slowly rise and break $15k.

The 9-day exponential moving average hasn't crossed the 26-day EMA, which is a good sign because as long as the shorter EMA is much higher than the longer EMA then we can expect the BTC price not to dip and lose the ground it recently gained.

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

I believe we have taste the 12k value recently?though it did not last for a day yet we have met the value right?

Anyway we are almost near because we are sitting $11,800-11,900 for weeks now and just a small spike for sure 12k  will be there again and if this happen?

It will continue not only 12k but road to $15k is what i am seeing soon.

+1 on this,interestedly looking for another currency aside from Bitcoin and Ethereum.

Now bitcoin price $12k+ . I hope the bitcoin price will be $13k+ . Just my fun.


https://i.imgur.com/LXijMA9.jpg

Woah!  I woke up not too long ago, opened my Electrum wallet and noticed that bitcoin had surpassed the $12k point.  It was pretty close to that for the past week or so, but I wasn't sure whether bitcoin was going to break to the up or down side.  And man, back in April I was pretty certain that we wouldn't even see it at $10k this year, so this is a nice surprise.  The only question in my head is whether these gains can be sustained or not.  There's been a lot of money being pumped into all the markets, so there's been a lot of buying of many different asset classes--but if the money printing presses stop running or interest rates start to rise, bitcoin is in trouble (same with the stock market and precious metals).

Assuming the good times keep rolling, it'll be interesting to see how close bitcoin can get to a new ATH this year.  I'm not hoping it'll happen in 2020, but it'd be nice if we started moving to that point.

I see the price of bitcoin has touched $ 12k and it's been a long time it is likely the price will go up again could touch $ 14k through the end of the year

for the price of $ 13k or $ 14k in my opinion it doesn't take until the end of the year because the movement of bitcoin can be said to be very fast every day

not even a month from when the OP posted this thread and we already touched the $12k mark. really great to see such bitcoin's performance in the market. so at the end of this year, the possibility of reaching 15k is about to happen. we may be seeing 9-11k again. but the fact that we reached $12k is already a big leap for bitcoin considering that we are in the pandemic crisis.

Whenever the market is indecisive like this I usually go to Tradingview to try to understand what's going on.

- The pivot point right now, which you can see here (https://www.tradingview.com/symbols/BTCUSD/technicals/), is $10573.23. So if we ever trade below this level in the near future, expect the market to become bearish.
- $12241.46 is our current resistance and $9688.51 is our support. Let's ignore further resistances and supports until the price clears one of these levels.

The market is in a downtrend right now but the 14-period RSI indicator is doing a good job at predicting uptrends and downtrends, though it choked on the mid-August 17 bull run. You can see the RSI break the lower bound coinciding with the bullish trends during August 18 and 19.

https://i.imgur.com/M7Wu76F.png

Your speculation is very effective. Try different speculation regularly so that we can get update about the price.

Price dip as we lost weekly average pricing, normally its more positive over weekends but its dipped down today and then recovered towards the end of the day so call it flat for now.

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

I noticed the low here is roughly in line with the initial highs of late July. So we've maintained the first burst of positive action that broke us out of the 10k band that restricted us so long.   In this way we can say BTC is still acting positively in more then a near term way, near term its a bit more challenged but that can also just be meandering of the price as we've done alot of times previous.   Always the longer term pricing is more important in judgement.
Price right now BTC is at a 2 day average and keeping that shows we are not so negative in determination.

$13k is very possible in the next coming months. if we are lucky, we will end this year at $15k and more. as we are going out of this pandemic crisis, we will see more adoption coming. now that a lot of people have looked into crypto, some of them will seriously consider investing in crypto, bitcoin in particular.
 also, i believe there will be more merchants that will include crypto as their payment method as they have seen the benefit of using it during this crisis that everyone wants to go as cashless.

I'm expecting another all time high this year, and it's attainable I expect the price to take off before we enter in the last month of this year that is the time the halving will have an effect in the market and of course the so many factors that happens this year, many are picking up Cryptocurrency in place of stocks and gold.

I think the new ATH will happen if the next bubble appears it could be this year, next year or a few years.
The most important thing is that we know that the volume in the market every year continues to grow, even CEO Binance said this year is a larger volume than 2017 in its market, maybe this gives a good picture of future market conditions.

In fact, in 2020, many circumstances affect the Bitcoin exchange rate, including the economic situation in the world associated with the coronavirus pandemic. Bitcoin is increasingly seen as a good alternative for profitable investments. But it's worth Paying attention to the fact that in 2019 many countries adopted certain laws in order to control and regulate the turnover of cryptocurrencies, and just in 2020 these laws are expected to come into force. Therefore, activity in the cryptocurrency market will increase by the end of 2020, including this will be displayed on the Bitcoin price.

Reaching the price at $12000 task is already compelect. Bitcoin drop to $11500 after reach at ath level $12359 ath. Price is quite good for now and i assume it has sustainability enough to reach $14000 to $14,500 within the final quarter of 2020 cause situation is getting normal, life is also coming back on track gradually after Covid-19 and people have ability enough to invest on bitcoin again

Already happened. But after that, price dump to near $10,140 USD till yesterday. Then pump near $10,340 USD today and still on uptrend. so hope it can cover the all time high again cause if we notice bitcoin chart, it shows how fast bitcoin continueously moving. So i believe that it isn't impossible for btc to touch such high volume, once again before ending this year

In my opinion, it is not this stage to overcome all time high. Bitcoin needs some more time to reach all time high. Hopefully on next two years, bitcoin will cross its all time high and reach in a good stage.

I myself still doubt the Bitcoin price can return above $ 11,000 again, even though it looks Bullish now,
but to enter the current price, I have to be careful, because it will still go down to support $ 9800 - $ 9600 in my opinion,
and that's determination the pricing for Bitcoin for the future

From yesterday we are seeing some upward movement has started again and bitcoin has crossed 10500$ levels now. This is a good thing and if for few days it can stay over this levels and slowly rise only then we will be back again to see above 11k and then next would be 12k levels. It may take some time before that happens.

still I also believe that bitcoin is still able to fall back down to $ 9K because it's still a long time ago, but it is also possible that it will go up again to $ 12K and there will be another decline just like in recent months. but the moment approaching the end of the year can be ascertained bitcoin will penetrate $ 12K and continue to increase until next year.

In my view, possibly price of bitcoin could take time to reach again to $12k though were seeing the current price at above $10k. It's not certain actually since market is really volatile and we couldn't give an accurate answer here since it might bounce or will drop at this current price. Well that's true once vaccine release people will invest some btc.

We"be had the price of $12k recently but it didn't last for long. It seems that is one of the main problems with Bitcoin price, even after a growth it pulls back again rather fast.
For a while I think that price will stay in current range and some growth is possible too but it will probably be followed with corrections.

With the current u-turn and the trend that is forming, we might likely see a surprising $12k again at the end of this month or early next one. It is showing a sign of strength.

Yes we will again see the price high very soon possible.
When there is a pump, there is surety that the price will rise.
Moreover only we can make the price of Bitcoin to rise high.
If there will be lot of promotions regarding the usage of bitcoins then more people will come to this crypto world and the supply of Bitcoin will be less, this will surely lead to the rise of the price of the coin.
Let's wait for the best now.

Volatility's really hard to predict, many speculations are being shared but the accuracy is really depends from how
the market moves.
Plus those whales who also enjoyed playing from time to time, they are also influencing the market, very hard to place your position.

You have to take your stand according to how you observe and assess the market situation before dealing with your investment.

Question of each of one that supports Bitcoin.

Though we have reached for how many times this year,but what we cannot reach is retaining the position for longer time,the last $12k
price of Bitcoin stays only for week and then fell again.
this is the last month of 3rd quarter then we are entering next month in the most expected quarter of the year.
In which the decision must be made to sell or keep holding.

There's a high possibility that we can reach $12k value once jagain, we still have 3 and half months before this year end and there are many things that can happen to affect the price of bitcoin. Since $12k is not so high and we already reach that value this year, I am looking forward for the price to surpass it. Currently the value is over $10k, if investors fill their bags and whales take a move then we might experience a price surge again.

it is true, that currently bitcoin tends to experience a surge in the short term so it's not like usual long-term investment anymore, it has been calculated that 3x bitcoin has attempted to penetrate $ 12K and finally drops again, if anyone can make transaction it will certainly get a decent profit. It is true that the end of the year is still long and there is a possibility that bitcoin could experience and it could fall again before finally surviving and melting $ 12K when it starts to approach the end of the year.

I think $12k is not so far from at this market stage. Bitcoin can cross $12k anytime. People are selling in panic so price is not increasing at this moment.

I predict the Bitcoin price will $12k again between November-December...
the market correction that occurred in Bitcoin in the past few days has made Bitcoin at a price of $ 10.6k. I saw at CMC today Bitcoin is growing 4% in 24 hours. Bitcoin to $ 12k is bound to happen in the near future.

Within days there has been a correction which is likely to bring bitcoin's price back to around $ 11,000 or more in the near future, and before that bitcoin price had also hit $ 12,000 although it didn't last long.
and all of those are just predictions that are not necessarily correct, but to reach the price of $ 12,000 I think it will happen at the end of the year even though there will be a little decline again but I am optimistic that the price will reach it.

Yup, sometimes research turn into pointless and look stupid when it hits a price that they said will never be. Don't listen randomly but most importantly do your own research. Try not to listen to individuals that state a crypto will never hit a specific price since they know all because of their hard research.

We are at $10,853 to be precise now just a hundred bucks or more to Hit that $11k again.
But there are some effect these DeFi domination and ethereum is also taking place.

$12,000 is very wild for us,not giving a break to Hit at least $13k for how many times this year.
Looking for this coming 4th quarter if there will be another changes and may bring our prayer to reality.

We are not yet fully positive or past possible areas of selling, I see a trend of selling we have to push past first.   The problem for me is that on weekends I do not expect a full resolution of price action, though we close the weekly bar on sundays its arguable that Monday is more important for movement and volume occuring to confirm price.

https://talkimg.com/images/2023/06/12/AhY2j.png

Above is monthly resistance, we've fallen slightly from the highs and that remains but below shows we are positive in a weekly average measure.   While both are true I expect more sideways then a proper trend or target such as 12k to occur.

It seems that the chart you have provided shows the ascending channel and that is a piece of good news, however, still we cannot rely on it because the crypto market was still vague, we never know when it will move. Besides, Bitcoin was still hovering around $10k and not showing any hint. Hitting $12k will surely happen but the the question is when, we still have 3 more remaining months though so all we need to do is just to wait.

You have missed the $12,000 moment for bitcoin? just take a look back to the charts as bitcoin were once there but didn't stayed for long. I've seen $12,000 and others too.
But just in case that you have missed looking at that questioned price, just hover to the charts and see that it did happened maybe a month or two.

right, we can only wait until the Bitcoin price reaches $12k..  2020 will end in 3 months but Bitcoin price is still moving steadily in the range of $ 10k - $ 11k and looks difficult to break the $ 12k wall, maybe in early December we will see Bitcoin break the $ 12k wall and even cross it..

During the lockdown on pandemic there is big collapse with the world market. By the time bitcoin and other cryptocurrencies too experienced a downfall, but there is continued bounce back. This keeps the market stable without much of growth over $11000. The price used to grow steady and reach $12000, but it won't stay for a long. The market is highly supportive, upon the same there is more chances of steady $12000+ by the month of December 2020.

There is a way that I have to analyze what is happening, of course I am not an expert in Technical Analysis, I only rely on something that I have learned from Wyckoff's theory and also by the analysis that I can extract from reading the volume that I see in the graph to a temporality to days:

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


I find it very positive that in volume it shows me that its candle is low and the candle in the graph is large, that is, with little volume the offer has decreased, which, I suspect that when institutional money enters at any time it can reach $ 12k or can even exceed it.

What I saw was the price to soon breaks the resistance level of $10.8k then we will be rest assured that Bitcoin price is ready to skyrocketed. But currently, the resistance seem still pretty here and we might experience soon a downward movement that can land us with $9k

It wouldn't just go like that easy. It can skyrocket at any resistance that it has but it's always going by surprise. The price increase doesn't seem to go like that. $9k is a fair bottom this time and it can go back to that price as it did last time.
Looking to $12k once again, maybe by end of this year it will be the resistance.

Positive markets and positive BTC until reaching near to the 50 day moving average overhead and selling off.

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

Price action remains above the weekly average which could be a good judge for its likely progress vs a higher target like 12k.   I'm told its not a great idea to hold to an unproven trend too much but drawn loosely I dont think a negative daily trend is yet broken and if it were we'd find greater momentum.

As we know btc already hit $12k line, even all time high for this year yet. But $12k isn't as strong barrier as $12.5k. So if it could break $12.5k again then it's not difficult for bitcoin to reach $13k ever more at the end of this year. I guess that were already happened if there is no covid-19 issue. people panic sell due to covid-19 issue and that's why bitcoin lost its one-forth price

In fact, everything can be solved at any moment! Although I also do not believe that this year we will see a much higher price than the current one, because most people are waiting for an expensive Bitcoin! But I also think that the price will not fall at least until the U.S. presidential election!

Market variation of bitcoin takes place in a very short time period. What we've reached now is quite good relating to the growth that has taken place with the stocks, bonds and other forms of investments. As the price has touched $11500, there is possible chances of touching $12000 before breakdown. Whether the market will breakdown or grow further can be experienced by the beginning days of November (USA Election)

I think that after the U.S. elections, the market will start to fall, because now it is artificially supported and the printing press makes brrr... Although, if Trump wins, it is possible that the fall will not happen...

The outcome of US presidential election will be a major decider as far as the price of bitcoin this year a win for Trump will be an indication that the bullish sentiment will continue while a loss might have a momentary impact on the price, while the price had already broke the resistance at $11000 at present.
Meanwhile any major negative fundamental news could bring the price down else the price will ride on till the next resistance at $12000 once the pullback or retracement of the price presently hits the resistance turned support at $11K. 

Im not sure if there is a problem for volume being distributed around the world rather then one exchange.   Bitfinex is the biggest exchange so might be the graph data people would use to try and judge price vs volume but even then there is no exact place to go for accuracy and TA is already a judgement of variables not certainty.

https://talkimg.com/images/2023/06/12/AhUu9.png

12k is still a challenging scenario to reach as we've certainly moved faster previously it seems to be hesitating on rough and bumpy ground.  I thought it might continue to drift up with Friday and the weekend but at present we have recognizable resistance at daily highs and momentum shown in the weekly average rising underneath lows still.   Most likely it'll be resolved Monday I'd guess.

$11,500 should be the first real target, and I think I have seen the price get to that, however, it went downward spiral, -$250 in the last couple of hours and because of the OKeX news, so, not today, it seems that $12k is tougher than we initially though, so we should move to $11,500 first and see how it goes. And it maintained on that level then there is a possible that we can jump to $12k, but it will take another good news to push to that levels again.