Bitcoin road to $ 14,000 returns

[franky1]

I really hope BTC can increase again. But look at reality in my opinion based on technical analysis, this is only a correction in a long downtrend period
It is difficult for Bitcoin to grow again in a short time

draw a line from novmber 2017-february 2018.. and then between those dates. cut off the mountain above th line.

now you will see a simplified view of where real value is.
forget about trends and patterns of the hype(ATH) and stick to the thought process and logic of the bottomlin value.

think logically.
when a group of people sell at $4k last year. the new group(the buyers) get it for $4k and wont sell below $4k
kep that in mind. let it play around in a analysis of volume traded for a year. and eventually youll se that those holding bitcoin eventually round their option to sell to not go below $4k.
then as we approach novmber 2017- august 2018 there have been 9 months of oppertunity for those that would sell above $4k to sell above $4k.
eventually as it swaps hands all those wanting so sell have sold and this creates a support price of above $4k. and by august with thee 9 months of viable oppertunity. the comunity is now testing a $6k bottom.. which has held quite well

also with mining costs due to hashrate increases have miners who would now refuse to sell for less than $6k too
if the hashrate went below 40 exahash again in th future then those miners would see profit below $6100.
so as long as hashrate stays above 40xa from now on even miners wont sell below $6k

..
as time goes on hashrate rises, miners increase the minimum limit of what price they will sell for. and traders swap coins and set new minimums too

no one can predict the next ATH.. but it is possible to analise the LOW. and we are at the low range which over time will go up

in short. the correction has already occured and we are no longer at the top of a mountain but standing at ground level

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[Kprawn]

I have been searching for some good news that might have sparked the increase in the price, but nothing really stands out. I

presume someone might know something and they started buying before the news break. I hope my logic is solid and that we

might see some real good news soon.  Last year the price went up suddenly before any real news were being circulated on

Social media. {Alternatively this might only be a small pump.} 

[baranovskaeirina]

This option is possible and it will mean a trend change ! Wait !)

[HE[A]RTLESS]

after stay at 6K and only hit 7k today you think it comeback to 14k soon?

[BrewMaster]

i don't seem to see anybody asking this but why $14000? is it just because you bought there? because i don't see any significance to this particular price. the main resistance is at $10k which was tested before, twice if i am not mistaken, and breaking that can be significant and the "road" is to that price. beyond that i don't suppose rising is that difficult. it would be a drama-less rise...

[MaruAlmen]

Btc wont fluctuate this year, its surely that it will go stable and will go stagnant for this year. This thing etf and baakt is very known and very rampant in all crypto lovers. Having either one of them will surely take another step of bitcoin and would surely take a catch to big investors. These are the thing that mostly crypto enthusiast waited to happen. There are lurkers who wait that to happen and make a move if the time is in sync

[boyknightvn]

Yes, today Bitcoin price reach $7000 show the good news. However, the road to $14000 is very difficult and I think it can't reach in this year.
We have to wait a huge money flow in.
Anyway I guess anybody here also looking forward Bitcoin reach a high price

[pr0bvk]

I always hope the market will recover at the end of the year and the price of BTC will go up, but the possibility will not be fast, maybe $ 14,000 will be the end of next year

[franky1]

I have been searching for some good news that might have sparked the increase in the price, but nothing really stands out. I
presume someone might know something and they started buying before the news break. I hope my logic is solid and that we
might see some real good news soon.   Last year the price went up suddenly before any real news were being circulated on
Social media. {Alternatively this might only be a small pump.}  

novebmer 2016. blockstream and associated dv groups got contracted to do all they could to get the ball rolling for segwit to then get the commercial network started that is currently known as LN. so that private corporate investors can start making their funds back.
the blockstream devs had a years contracted deadline to do so which expired november 2017 and because they did as what was asked they would had a tranch of funds released. greg maxwell also found the best time to leave once that contract expired

come november 2017 and blockstream done as requested and all the corporate investors and bankers behind DCG.co/deloites pwhc and others funding them got excited that their commercial network had got the green light.. so with it all set,the  corporate investment hype began.
thats why mid november 2017 you noticed the mega hype start.

as for this year. the correction period of january-fabruary has subsided.. the hype spculations has chilled off.. and prices went to their bottomlines.

since february there has not been much hype causing price movements. so prices have been moving between the ranges of 'cost of obtaining' and now in august even with no hype. we should start seing a natural underlying increase based on pure cost of obtaining as we have literally hit bottom.

no one can predict the next hype ATH. but we can see a nice smooth incremental increase (bar some variance) over time

[fulled]

I will be waiting it patiently till bitcoin reaching new ATH, also i hope bitcoin ETF sooner will be accepted, we need more instutional money to make bitcoin price climbing to next mountain

[dangkhoasn]

I think a lot of people will hope for that. But it is hard for the price to reach $ 14,000

[Zemomtum]

Yes, today Bitcoin price reach $7000 show the good news. However, the road to $14000 is very difficult and I think it can't reach in this year.
We have to wait a huge money flow in.
Anyway I guess anybody here also looking forward Bitcoin reach a high price

In my opinion, it's still too early to expect, the sudden increase of price is a good news, but we can still expect a sudden fall, whether it's big or small. But if it will rise continuously, then it'll be a good news for us, but let's just hope for the best, I'm also hoping that it will rise again.

[mansilkroad]

I just hope it won't stop at 8k or even 10k like it was last time, we had a bulltrap and the price went back to 5800$. Let's show those who sold lately that they were wrong.

[franky1]

I will be waiting it patiently till bitcoin reaching new ATH, also i hope bitcoin ETF sooner will be accepted, we need more instutional money to make bitcoin price climbing to next mountain

fail 1: "wait until ATH"
while at ground level.. buy some at a discount.
fail 2: "wait until ATH"
when a price is going up. its jsut going up.. its not declared a new ATH until AFTR it hits. meaning by th time you realise a ATH happened.. its too late.. (its already going back down the mountain)
fail3: ETF institutional money
institutional money does not go into bitcoin when a ETF starts.. it goes into SHARES of a CORPORATIONS trust fund. wherby the corporations trust fund is ALREADY filled with bitcoins it obtained BEFORE making a ETF application

meaning the btc in a ETF that has ben applied for have already been bought. the ETF wont be buying any more bitcoin. and investors will stop buying bitcoin and start buying shares

[vucuong16101997]

do you think this can continue to rise towards recovering people who bought at a price of $ 14,000 at the beginning of last year?

I agree. Maybe this will be the btc stage uptrend
why? - " I just hope for positive signals. ETF may be accepted and that is part of the reason why the btc can increase "   

[nsasuiteb]

It may only hardly touch $10.000 for me, $14.000 seems very difficult for this year as long as nothing big like ETF does not happen. But there is big opportunities for traders as always.

[untugede]

Yes, today Bitcoin price reach $7000 show the good news. However, the road to $14000 is very difficult and I think it can't reach in this year.
We have to wait a huge money flow in.
Anyway I guess anybody here also looking forward Bitcoin reach a high price

In my opinion, it's still too early to expect, the sudden increase of price is a good news, but we can still expect a sudden fall, whether it's big or small. But if it will rise continuously, then it'll be a good news for us, but let's just hope for the best, I'm also hoping that it will rise again.

they all sincerely hope that other bitcoins and altcoins can increase as quickly as possible, because there are so many people who complain that the prices of bitcoin and altcoin have been reduced for several months, and even then many have sold part of their assets, probably because there is an urgent need not there is. Another option is to sell part of it to meet their needs every day, so hopefully by the end of August and the beginning of September this will be the start of price increases for all crypto.

[ballerin and giroud]

Look like you bought bitcoin at a price of $ 14,000 and now you expect the price of bitcoin recover to be priced at $ 14,000. Currently, I do not believe bitcoin prices can reach $ 7000 again because previously the ETF was rejected by the SEC for the umpteenth time. However, for now the price of bitcoin returns to the price of $ 7000 after being bearish in the past and to predict to the price of $ 14,000 I think it takes a long time maybe later this year.

[BitcoinSupremo]

Don't want to sound too optimistic but I just need to remind you that last year recovery of Bitcoin, started exactly in the end of August, beginning of September.
History repeating itself hopefully ?

[carlisle1]

seeing from the bitcoin movement candle the end of August is starting to continue to be pushed up. . .
Does this include the influence of a confusing ETF that sounds good for the community.
do you think this can continue to rise towards recovering people who bought at a price of $ 14,000 at the beginning of last year?

Im pretty sure that you're one of the people who bought at $14,000 early this year lol

I don't see any reason why expecting the value to return in 5 digits when the truth is $6-7,000 is good value to make a living err.

Specially now that bitcoin price is constantly moving,ups and down.so enough reason to learn to make money from this