Price Prediction

[jagdeepjd]

Hi all Bitcoin is moving around 9K $ from so many days. What do you think it will cross 12k $ in mid may or it will be going down ?? Market are reflecting that there should be an increase in the price. What your prediction ?

I think there will be a price surge soon it has been accumulating in this zone for a while and I think we are due for a bull run of above 12k$ in mid may we can see those figures. I was watching some analysis video and they also mentioned the catalyst for consensus due to happen in mid may.

[iram1011]

Majority of the traders have taken long positions on Bitcoin at the moment. This shows that there will be an uptrend in the price soon. Bitcoin is trading inside an ascending channel right now. If bulls successfully break the support line of ascending channel. we could see an appreciation to $10k level which will further lead to a rally to $12k. But if Bitcoin breaks below the ascending channel, it might find the support at the 20-day EMA, below which it will go downward to $8700 levels which subsequently can lead to a drop to $8k level. But latter is less likely to happen.

[richardsNY]

And moreover,  we hope there won't be much FUD from the government or media that will go on recently that could cause panic and  price dump.

Fud will start playing a role again once we're going down. It shouldn't surprise anyone that fud in most cases only pops up just before a correction, or during one. It's called a well timed attack exploiting the change in sentiment. As long as we at least maintain current range, there is no such a thing as fud. On top of that, if we look at all the fud we went through, it wasn't all that bad to be honest. It's as always just people exaggerating the situation due to their panic, because when the price is going down, and thus their investment as well, they can't think clear anymore. It's a smart game that's being played with people's emotions, and it works all the time.

[harizen]

Hi all Bitcoin is moving around 9K $ from so many days. What do you think it will cross 12k $ in mid may or it will be going down ?? Market are reflecting that there should be an increase in the price. What your prediction ?

Not because bitcoin price is playing around the range of closed to $9,000 doesn't mean we can make a speculation that it will reached $12,000 this month. I mean why such think of that kind of scenario rather than just wait. Just want to point you out that mindset like that is really not making a sense. I suggest you to disregard that view to avoid expectations as in predictions, anyone can even say that we are going to reached $15,000 tomorrow. Removed that target date because what matters here is, we have lots of reasons to believed that bitcoin price will soon back again at $12,000 or even more.

Chances is yes as always and all things even the unexpected rise is possible to happened but we need to understand that in the middle of "price rally", there is a thing called "gatecrasher" that can wrecked the bitcoin price momentum.

[BartS]

Hi all Bitcoin is moving around 9K $ from so many days. What do you think it will cross 12k $ in mid may or it will be going down ?? Market are reflecting that there should be an increase in the price. What your prediction ?

Right now, it is not the time to think about the price going up, right now you need to take advantage of this low price and buy bitcoin, then it doesn't matter when the price increase happens because you will have an even bigger amount of bitcoin in your stash and you will benefit from it, reaching the price of $12,000 could happen tomorrow or it could happen in a year, if you are a long term holder, and if you are not then you should seriously think about to become one, then short term fluctuations will not affect you anymore.

[Idrisu]

This time around the fundamentals issue are going to determine the direction that bitcoin is going to take. We are at the indecision time and any negative news is going to push the price down and any positive one is going to push the price up. However I am very interested to see bitcoin above $12,000 and hope this happens before middle of this month.

[Greenkarki]

Hi all Bitcoin is moving around 9K $ from so many days. What do you think it will cross 12k $ in mid may or it will be going down ?? Market are reflecting that there should be an increase in the price. What your prediction ?

Expected minimum of $9000 in the beginning of May and yes it stays around $9K. I am sure this trend will continue slow and steady with the current ratio. Hope to see the value grow up to $10K by end of May and $11K by the end of June. Expect this December to have a minimum growth of $25K. Lets watch out for it.

[BUK2016]

Well, one cannot tell what exactly will happen to bitcoin before the end of this month. But some people believe that bitcoin value may reach $10,000 or above before end of this month.

[tabas]

Hi all Bitcoin is moving around 9K $ from so many days. What do you think it will cross 12k $ in mid may or it will be going down ?? Market are reflecting that there should be an increase in the price. What your prediction ?

I'm not going to say that it will go down as I'm been always positive to bitcoin's price. Okay see the price now at $9,200 and this can be temporary. Why not just aim first to $10,000 at the mid of this month? $12,000 is realistic and no doubt that bitcoin will be there soon but for the very few time interval I guess it won't be seen there.

[Jating]

$12,000 is quite far but $10,000 - $10,500 is a possibility.

Well, if we manage to smash through the $10,000 level (which is a very important level that either makes or breaks the short term market), the price will definitely keep pumping further, and I'm sure $12,000 won't be anything special then. I personally am too conservative yet to see the market reach that point this month, but if we do anyway, then expect a solid increase following up on that achievement. Mentally, 5 figure levels are very important, and that directly represents the 'actual' end of the bear trend people consider this market to be in, and while I'm not really into this bear trend thing because I look at the bigger picture, it does make sense.

Exactly. We also need to see if the pump will be sustainable as well otherwise we will see another drastic and hard fall. That's why I would rather see the price not being pump very quickly. Although we haven' tested it yet because we are just trading sideways apparently, we may see that this mental barrier can be broken if we can sustain another rally.

Smashing $10K is a big psychological barrier, but if we are going to break it, can we at least sustain the pump or not? That's the big question. Let's see and hope that the price can maintain at that levels.

[WINiota]

There is no reason why btc is not goimg to go on  a large bull run. Same btc as last year. No one hacked it. No reason to believe it could not be a vehicle for speculation again. Really, 1 mio usd is still possible in a couple of years