btc's next moves

[antisocial77]

in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.


lets see..

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[Voidcrafter]

You're talking about technical analysis. Yes such movement I too observe that now the figure of "triangle"is formed. The lower bound at around 5100-5300. With a strong desire to break through this level of whales, they will do it, even at a loss. BUT they will lower prices and then begin to buy large volumes. And the price will quickly return to 6500. And then a smooth climb to 7500.
As for the price by the end of the year, it is you overreacted with the figure. I am not sure that we will see strong growth this year. Although this all my guesses and assumptions.I see a price of 8000-9000 by the end of this year.

[TravelMug]

in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.


lets see..

Where the hell is your graph?

Anyways, I wouldn't be surprised if bitcoin moves on this direction. We have witnessed similar patterns in the past, not breaking the resistance, panic sells or bots putting their sell orders causing the price to go where it was before and then rinse and repeat.

However, I doubt that $5100 is doable at this point. AFAIK, we have seen bitcoin price going below $5800 few months ago and that will be bottom price for this year. There's also this theory going around for sometime now that the price of mining is just above $6K and miners won't allow the price to go down below that one because their profitability will be affected.

[FedorIzmailov]

like forecasts, we go very often, but this does not mean that everything is so true? I think that this year we should not expect significant growth

[Bigboygangmove]

Bakkt launches Nov 5...they should be buying bitcoin to warehouse it for their physically settled bitcoin futures

[MickyDonald]

Bitcoin price fluctuations are surprisingly low and hold steady below 5% since the sharp increase in early 2015. The rate of volatility is higher than any other major currency, the difference Bitcoin is appreciated for its value despite high volatility while foreign currencies are continually depreciating due to inflation. So no one knows what the btc market will be like in the future.

[Summerwalk]

Bakkt launches Nov 5...they should be buying bitcoin to warehouse it for their physically settled bitcoin futures

I don't think they would need to buy it ahead of time. Just purchase at spot price when someone places an order. Use clients' money instead of their own...

[franky1]

nothing said above in this topic is TECHNICAL analysis

this topics OP is pure TREND anals

anyway some technicals for you
grab the UTXO set. look at the funds moving for the last 10 months.
65% of funds moved while the prices were above $5,800
that low has been tested many times and no one has bit hard enough

bitcoin mining costs. also have a $5,800 of 43terrahash network
currentyly mining above that too. meaning even miners are not foolish to sell below.

now take that knowledge and then use that when the bottomline surpasses another threshold for a medium amount of time. and then recheck to see if atleast 50% of coins moved hands in that tim and if mining costs also are above that amount in that time so you can see how tough the support line will keep the prices up

P.S october-november will see a new batch of ASICS that are more efficient/lower cost. so rejig your mining costs for then and calculate how many coins are being made by pools who's hashrate jump in that period. to then calculate the impact they could cause if they sold off on the market..

have a nice day

[erifubirugen]

So isn't it obvious?The bitcoin never goes under $6.000 and stayed on the top. In last 9 months all altcoins got lost like 3 to 5 times. But bitcoin stayed strong and still around $6000-6500. So we can understand easly that the bitcoin is most powerful coin. And also the BTC has %53 marketcap dominance never forget this too..

[funchiestz]

Yes everyone has an estimate. You have developed a bit of an estimate and scored. I wonder how much money you made with margin trading?

[JenkinsCharlie]

Bakkt launches Nov 5...they should be buying bitcoin to warehouse it for their physically settled bitcoin futures

They probably already stocked up before making any announcements, but I'd imagine they will be a continued source of buy pressure once its established trade volume.

[franky1]

Bakkt launches Nov 5...they should be buying bitcoin to warehouse it for their physically settled bitcoin futures

I don't think they would need to buy it ahead of time. Just purchase at spot price when someone places an order. Use clients' money instead of their own...

they do need to pre-buy their opening offer to prove they have the reserves
its why the winkles are sat on 200k of coins. as their opener

[franky1]

And also the BTC has %53 marketcap dominance never forget this too..

market cap dominance is meaningless. there are no ban accounts of billions of dollars. its just math of coins * price of one trade
(meaningless)
anyone can make an alt of a trillion coins and for $5 snap the market cap into pieces of firewood

[Kakmakr]

I always find it funny how people want to predict the price, based on previous trends. People should know by now that price analysis, based on previous price movement has no value at all, because there are simply too many variables to take into consideration , to predict the price. The anonymity factor also throws a spanner into the works.

Bitcoin is not the average trading asset, where you use traditional tools, to analyse the price trends.  

[alp]

So isn't it obvious?The bitcoin never goes under $6.000 and stayed on the top. In last 9 months all altcoins got lost like 3 to 5 times. But bitcoin stayed strong and still around $6000-6500. So we can understand easly that the bitcoin is most powerful coin. And also the BTC has %53 marketcap dominance never forget this too..

Most recently, there was a movement of bitcoin down and we all saw how bitcoin fell to the level of 5300.
But it's all just words. We are just talking here and expressing our opinion from technical analysis or from history, as it was before.
Of course, I want to see bitcoin as a growing asset, because each of us holds the coins of this cryptocurrency on our wallets. Waiting for and believe in growth !!!

[louie69]

Let's just wait for the real market movement instead of always making a speculative analysis. I cannot make a speculation with regards to btc price as this is very hard to predict. All I can say, btc is now under the correction period and most likely this will make a history in the future. .

[BrewMaster]

these ups and downs to $6800 and $6100 that you mentioned are NOT really ups and downs so you can't really call it a "next move". it is not even a resistance there to break or not break. these are daily fluctuations. and we will continue seeing this for a while without it having any significant meaning other than signalling an accumulation phase.

[taratorly]

This is your guess. But it is hard to be real.

[tomahawk9]

OP, your prediction is oddly specific, especially the "30 days" part. Based on what are you saying all of this? and 5100 support? do you mind sharing with us what's stopping the price at that mark to drop further?

But I honestly don't expect much other than the same behaviour we've seen over the past few weeks. The price going sideways in the 6k-7k region with the usual spike above 7k only for the price to go down a few days later. We're in a bear season, and there's nothing that could shift the market sentiment in the short-term, unless the bulls trigger a btc rally, we're in a for a long bearish season, perfect for those wanting to accumulate more.

[palle11]

..if go down 5100 will be the support

I don't see price getting to $5,100 this year. Remember we are around the end of the year.

Let's just wait for the real market movement instead of always making a speculative analysis. I cannot make a speculation with regards to btc price as this is very hard to predict.

This is a speculative angle which gives us guide on what to expect. I don't think anybody will take every prediction just like that without making a move to study his or her indicators too. I think it is better we hear from others too, it will guide us more.