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Author Topic: Will Bitcoin break $4500 this week?  (Read 2529 times)
arpon11 (OP)
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August 20, 2017, 03:29:12 PM
 #1

Last week bitcoin try to break $4500 about three times but to no avail! I think  above $4500 is possible before the end August as the momentum is very high and bitcoin Cash has rise significant for the past two day to close at $870 yesterday, I think very soon bitcoin Cash traders will start to take profit and fund will flow back to bitcoin.
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Pfizer
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August 20, 2017, 03:50:25 PM
 #2

Last week bitcoin try to break $4500 about three times but to no avail! I think  above $4500 is possible before the end August as the momentum is very high and bitcoin Cash has rise significant for the past two day to close at $870 yesterday, I think very soon bitcoin Cash traders will start to take profit and fund will flow back to bitcoin.

$4500 has become a rigid resistance. It's a wall hard to pass behind. I'm watching the market on Bittrex, but, rather than breaking $4500, bitcoin trying to stay above $4000 right now.

$4000 is a strong support, if we break, we can see $3700 very quick.
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August 20, 2017, 03:51:49 PM
 #3

Not only from bitcoincash, it looks like money will flow from all altcoins to bitcoin before august specially from bitcoincash and ethereum. Bitcoin price got corrected after a huge rally and now $4000 is new floor for next round of pump. I am expecting $5000+ by end of this august.
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August 20, 2017, 04:00:57 PM
 #4

If all bitcoin holders  claim bitcoin cash and sell it into market and invest more in bitcoin possible that the price can be hit $4,500 so let other people wait for the bitcoin cash increase and dump all bitcoin cash and switch to bitcoin in order to make more bitcoins that can push the value of bitcoin and i think there is a high chance that the price can be increase more if not this week the price can be increase after this month.
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August 20, 2017, 04:11:35 PM
 #5

the price of bitcoin can not be predicted, but look at the price now reaching $4147 in the market bittrex possibility could reach $4500 or might be down.

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August 20, 2017, 04:30:35 PM
 #6

For sure will go to $4500, with the benefits of segwit and all the media attention it's not a question anymore if it will past this price but the 10k
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August 20, 2017, 04:31:16 PM
 #7

Last week bitcoin try to break $4500 about three times but to no avail! I think  above $4500 is possible before the end August as the momentum is very high and bitcoin Cash has rise significant for the past two day to close at $870 yesterday, I think very soon bitcoin Cash traders will start to take profit and fund will flow back to bitcoin.

Many people are really wishing that on this week it can be able to finally surmount the $,500 wall and would finally try to reach the $5,000 level as soon as possible. It remains to be seen how the market would be behaving this week whether it can full of energy or a lethargic one. Let's push Bitcoin to go forward to the hills this time.
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August 20, 2017, 04:36:59 PM
 #8

Bitcoin will be well over $5k by end of this year but there is still a big resistance at $4500 region which is very hard for bitcoin to come across, bitcoincash surge has made this even difficult. By end of this august price might swing between $4k and $4500 before bouncing to $5k regions.
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August 20, 2017, 04:38:57 PM
 #9

Last week bitcoin try to break $4500 about three times but to no avail! I think  above $4500 is possible before the end August as the momentum is very high and bitcoin Cash has rise significant for the past two day to close at $870 yesterday, I think very soon bitcoin Cash traders will start to take profit and fund will flow back to bitcoin.

If there are still bitcoiners holding their free bch they will probably dump at this price. But if majority of bch is from ver and co, then it will stay that way for quite a time. They pump this coin, they'll make it stay that way. And price of bitcoin may still go down if they decided to pump bch more using their stash bitcoin.
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August 20, 2017, 04:42:27 PM
 #10

Maybe not this week but 3-4 weeks later definitely 4.500 or 5000$/BTC  (in this year)
Now bitcoin is falling now, but it will rise don't worry.
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August 20, 2017, 04:47:15 PM
 #11

I am using preev to watch on bitcoin price hourly.what i can say now is that it is time for the price be lowered.
I fear to buy new coins,i have also withdrawn my balance.
However it may be someone's luck if bitcoin value increases hereafter.

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August 20, 2017, 05:07:53 PM
 #12

I am using preev to watch on bitcoin price hourly.what i can say now is that it is time for the price be lowered.
I fear to buy new coins,i have also withdrawn my balance.
However it may be someone's luck if bitcoin value increases hereafter.

Ya their is a chance for that.Like a roller coaster ,the price of bitcoin will increases once and decrease one day.It's very common for that to happen. There is nothing to worry at all.If you want huge profit ,just hold for some more time and then sell entire holding bitcoin .

 
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tyuner4
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August 20, 2017, 05:31:14 PM
 #13

It is possible for Bitcoin to break $4500 this week.

And I agree with your views that Traders will take profits in the recent Bitcoin cash pump.
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August 20, 2017, 05:39:51 PM
 #14

Definitely 5k soon, but it'll be important milesotone...
I hear many voices about decreasing or increasing but i think it just can't fall to much because nobody want to get rid of BTC now. So it should slow increase during next few weeks.
But I don't know what to think about BCH? 50% says increase(cause of more profitable mining) and the rest (50%)  Grin decrease but I don't see any case.
Do you?
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August 20, 2017, 05:58:11 PM
 #15

Definitely 5k soon, but it'll be important milesotone...
I hear many voices about decreasing or increasing but i think it just can't fall to much because nobody want to get rid of BTC now. So it should slow increase during next few weeks.
But I don't know what to think about BCH? 50% says increase(cause of more profitable mining) and the rest (50%)  Grin decrease but I don't see any case.
Do you?


i disagree about your truth in 5K for for bitcoin! And you know why? cause you said already:  BCH!
traders put their money in it already? now they saw they can double exchange rate for it within one day!
why stop? they will pump it up and the dump out, they will play with BCH like a cat with a mouse..
and because of that attention to BCH, BTC may slow down or even fall a bit.. just my 2 cents
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August 20, 2017, 06:27:43 PM
 #16

I think it's much more possible to see $3500 instead of $4500 in next 2-5 days.
$4500 have a huge resistance and people already 'spent' their SegWit optimism. The $4500 is possible but within a 1-2 months, not days.
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August 20, 2017, 07:06:34 PM
 #17

I think it's much more possible to see $3500 instead of $4500 in next 2-5 days.
$4500 have a huge resistance and people already 'spent' their SegWit optimism. The $4500 is possible but within a 1-2 months, not days.

I share your sentiment. It looks like BTC is stablizing at around USD 4100,- right now. Now if it were the beginning of the bull market I'd be positive that the rally continues. But the way it looks right now I'm afraid that most people will feel safer taking a profit, rather than trying to push for USD 4500,-.

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digaran
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August 20, 2017, 07:19:28 PM
 #18

After the next fork or upgrade price will go down back to $2500 and this bull market was due to the possibility of another hard fork/split people thought that they could double their Bitcoins once again and they started to buy as many as possible. we don't need the price to jump so fast because difficulty will increase when more miners join the competition. we need slow and steady growth for people to have time to catch up with the changes. price could even reach $5000 before the next upgrade.

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August 20, 2017, 08:08:07 PM
 #19

Last week bitcoin try to break $4500 about three times but to no avail! I think  above $4500 is possible before the end August as the momentum is very high and bitcoin Cash has rise significant for the past two day to close at $870 yesterday, I think very soon bitcoin Cash traders will start to take profit and fund will flow back to bitcoin.

Nobody really knows, but there are predictions of Bitcoin reaching $5,000 this year and Ethereum hitting $1,000. At least in the case of Bitcoin, that record value is in sight. For Ethereum, things are a bit more complicated, seeing as it didn't rise all that much since hitting the $300 mark again recently. Regardless, it will be very interesting to watch how things develop.
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August 20, 2017, 08:08:17 PM
 #20

the price of bitcoin can not be predicted, but look at the price now reaching $4147 in the market bittrex possibility could reach $4500 or might be down.
Its price is 4100+ and it has not gone through any big change since last 4-5 days. So I don’t think that it will hit 4500 this week but next week it will be above 4500 that’s guaranteed. By the momentum going now a days it will hit 5000$ by the end of this month. And that is also right that we can’t predict anything so we should also be ready for the down value that might come.
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