Will bitcoin get to $10,000 this year again?

[omonuyak]

For the past three weeks bitcoin remain a little bit above $6,500  and there is no effort to push above $7,000. I believe that the next breakout may create another market directions that should push bitcoin above $10,000 if the breakout is bullish or dump it to $5500 area.  I will like to know your view if bitcoin will get to $10,000 this year again.

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[bitChipper]

For the past three weeks bitcoin remain a little bit above $6,500  and there is no effort to push above $7,000. I believe that the next breakout may create another market directions that should push bitcoin above $10,000 if the breakout is bullish or dump it to $5500 area.  I will like to know your view if bitcoin will get to $10,000 this year again.

It just doesn't seem like a a breakout to the upside is more likely than a breakout to the downside, there has been so much positive news coming out in the past few months that literally does nothing to the price, it just keeps going sideways.

In the article below you can see the good news the hedge fund manager list out that has done nothing to the price, there is just little to no speculative volume that the price of bitcoin will go up in the short term.

http://www.thecoinrepublic.com/hedge-fund-mgr-says-bitcoin-will-see-10000-raise-in-its-value-this-year/

On the contrary, and I hate to say it, but there seem to be people drooling at the opportunity to short bitcoin at the moments notice of any kind of bad news.

If we get any kind of bad news for ETFs or some popular big wig executive to state publicly that bitcoin is bad I would look to see the recent spike to 6600 be whipped away very fast.

[alentmay]

For the past three weeks bitcoin remain a little bit above $6,500  and there is no effort to push above $7,000. I believe that the next breakout may create another market directions that should push bitcoin above $10,000 if the breakout is bullish or dump it to $5500 area.  I will like to know your view if bitcoin will get to $10,000 this year again.

Just because there have been good news doesn't really mean bitcoin hasn't been doing anything. Sometimes big players deal in over the counter prices and gather a lot more by changing hands and you do not see it changing hands.

However if you are worrying that bitcoin is not doing what it suppose to do during good news days don't worry because even when the china ban happened after couple months bitcoin reached the ATH prices and when etf got rejected it didn't move a bit downside neither. So bitcoin is news-prone which means it doesn't move according to the news neither upside nor downside no matter what type of news it is.

[Ararbermas]

For the past three weeks bitcoin remain a little bit above $6,500  and there is no effort to push above $7,000. I believe that the next breakout may create another market directions that should push bitcoin above $10,000 if the breakout is bullish or dump it to $5500 area.  I will like to know your view if bitcoin will get to $10,000 this year again.

probably around 9k like what others predictions but not sure about that because it's just a speculation,  and we have no strong TA about it , i think much better to wait for more results on this upcoming month which is November.  Before making final prediction for this year end because market is still stagnant and didn't  even show a sign until now.

[BitMaxz]

Are you guys still predicting that the price will recover back to $10k? Look at the market, it's obvious that it's impossible to hit the $10k value again or even $9k because there are many groups of whales who can control the price movement like what happened today.

However, there is a possibility that this will happen next year or after "blockhalving".

What I see on the market these days had little difference compared to the old price movement, but they still have similarities.

Take a look at this image below



So, I think there is a big possibility that the 2014 price movement it might happen again these coming months.

[audaciousbeing]

For the past three weeks bitcoin remain a little bit above $6,500  and there is no effort to push above $7,000. I believe that the next breakout may create another market directions that should push bitcoin above $10,000 if the breakout is bullish or dump it to $5500 area.  I will like to know your view if bitcoin will get to $10,000 this year again.

Even now as I checked, price has dropped below the $6,500 resistance level that has been built for weeks but we are not perturbed as it is expected. Now is the time everyone needs to reconsider his expectation on what the price needs to be. At this point, it won't be out of place to conclude that we might not see $10,000 anytime soon. It might sound pessimistic but its better to face the fact and gets disappointed in the positive way than raise the bar only to get the negative surprise eventually.

But what I have come to now observe is that there has been scanty bad news that is always present in the crypto space for a while now only for them to start resurfacing the moment there is a pick in the price of bitcoin. Conclusively, people brace up people the coming days are going to be a tough run.

[1Referee]

Are you guys still predicting that the price will recover back to $10k? Look at the market, it's obvious that it's impossible to hit the $10k value again or even $9k because there are many groups of whales who can control the price movement like what happened today.

How is it obvious that it is impossible for the price to reach +$9000 levels this year? It's unlikely, but not impossible.

The same group of whales you are referring to won't have much of a problem lifting the price back up, and if you look at Q4 of every year, the price has an extremely bullish bias to it. I'm not expecting the price to hit the aforementioned levels, but definitely well over $7000 before the end of the year.

Current dump is great to buy yourself into. People as always will blame themselves for not having bought while they had all the time to do so prior to an increase.

[onrise]

For the past three weeks bitcoin remain a little bit above $6,500  and there is no effort to push above $7,000. I believe that the next breakout may create another market directions that should push bitcoin above $10,000 if the breakout is bullish or dump it to $5500 area.  I will like to know your view if bitcoin will get to $10,000 this year again.

probably around 9k like what others predictions but not sure about that because it's just a speculation,  and we have no strong TA about it , i think much better to wait for more results on this upcoming month which is November.  Before making final prediction for this year end because market is still stagnant and didn't  even show a sign until now.

Should cross 10k this year and we need to have some patience as well. If people continuously keep selling then yes it will fal and if they just hold it then suddenly we will realize that btc price are soaring to 15k+. It will decide upon global news as well to an extent.

[khaled0111]

I don't think so I expect Bitcoin price will be between 7k and 8k by the end of this year ( this does not mean it is it's real value) because investors know that there will be a sudden bull run but after that... You know what I am talking about

[Oceat]

The market just drop today, how should we expect that Bitcoin will get to $10k this year when even breaking the resistance was still hard to acquire. What more do we expect from this market? I think the market would still continue to decline to the next following months and will get back by next year.

We still have 3 more months to wait and i don't know what will happen during Christmas because the last time i saw Bitcoin price was so unstable and continue to drop when christmas was almost coming up.

[boakyei]

Two months to end this year and I think it is still possible for Bitcoins to cross the 10,000 USD price. Hopefully if a good news concerning the market can make investors increase confidence in Bitcoins, then it is sure to reach or even pass 10,000.

[Javi_Anibarro]

If you are asking this question before this drop, i believe and many people believe it will be there more or less but now it seems a little bit hard for Bitcoin to reach that point.
even though peoples were buying it when the drop happened, we could see that market sentiment is declining. We are expecting another downturn in a couple days later if we are seeing it from the chart, unless something major happens the price will be declined to around $6000 again before stabilizing its price. the dump was not great enough if we are seeing it from its total volume but it pushed the price that much, it means a lot of people are hesitating and afraid of it right now. We need more news and we need institutional money to change the direction.

[naidray]

Are you guys still predicting that the price will recover back to $10k? Look at the market, it's obvious that it's impossible to hit the $10k value again or even $9k because there are many groups of whales who can control the price movement like what happened today.

However, there is a possibility that this will happen next year or after "blockhalving".

What I see on the market these days had little difference compared to the old price movement, but they still have similarities.

Take a look at this image below

[im g width=600 height=300]https://i.imgur.com/ChYmWtn.png?1[/img]

So, I think there is a big possibility that the 2014 price movement it might happen again these coming months.

Looking at this actually, it shows there is a possibility that the history might want to repeat itself again right and there could be some possibility of a failed breakout towards $8000 before the downtrend continues afterwards towards 4888.7 like you depicted on the chart.

Well, let's see how that would end up playing out actually but so far so good though, it looks like a lot of what happened 2014 has repeated itself on the chart again and that makes me wonder if this is just some bots at work, trying to repeat the same process over and over again. Time will tell! However, there is something with the date of your 2018 actually that makes me think this is already a point where we have passed.

[coinfinger]

The market just drop today, how should we expect that Bitcoin will get to $10k this year when even breaking the resistance was still hard to acquire. What more do we expect from this market? I think the market would still continue to decline to the next following months and will get back by next year.

We still have 3 more months to wait and i don't know what will happen during Christmas because the last time i saw Bitcoin price was so unstable and continue to drop when christmas was almost coming up.

The fact that the market has dropped today still has changed nothing, as all we are basically seeing now is the market still trying to find a direction. The truth actually is that there is always going to be a possibility of a possible breakout upwards which may not really last pretty long and looking at the momentum of the bears lately, it is still possible to see the market go lower.

However, all these are just speculations and we only have to wait to see how time would play out most of these things. It is hard to tell now because we cannot see the future, but with a market anything can happen and all we have as a friend is the trend.

[talkbitcoin]

$10k is the minimum value of bitcoin that we can call it real value and no longer under-priced. but the only reason that this rise is not yet happening is because every time price tried rising back up to its real values, it encountered a lot of FUD and dump and we had lots of weak hands thanks to the bubble which made everything that much worse. eventually investors gave up and now they are waiting for the rise to start before jumping in and whales are enjoying the accumulation phase for now.

[Idrisu]

Believe me this is still very possible and I think it will happen close to the end of the month. We are having this bearish trend because of selling of buy some big players and I think the price is becoming very stable this days. If the current trend continues it might go down further but if we can have a reversal then expect another bull run.

[Pursuer]

there is nothing stopping bitcoin from reaching $10k in the next 2.5 months but the problem is that for the time being there is nothing making the rise happen either, something like an initiator that can start up the rally. and that I believe is the only reason why price has not yet started showing any kind of big rallies.
but at least the good sign that we have is the fact that price has not gone any lower than $5800-$6000 and that proves that we are already half way thorough the reach-the-bottom stage so the next step which is the rise should be near.

[putrii]

in my opinion, the price of bitcoin will be very easy to return to expensive prices again, in some time ago the price of bitcoin was very easy to go back up to the price of $ 10000 so you have to wait patiently and don't be afraid that the price of bitcoin will be very expensive because of the influence of supply bitcoin will run out.

[Indamuck]

I think the bitcoin will at least reach $15,000 by the end of this year.  A lot of big investors want to buy coins in anticipation of the next halving.  Bitcoin inflation will be decreasing and value will only be rising. It only took a few months last year for bitcoin to soar to 20k and there is no reason it won't happen again this year.

[bitbunnny]

To my opinion it's not very likely. I'm not saying that is impossibe, Bitcoin can realy surprise us in any way but currently the situation on the market and the mood of investors are not pointing in such direction.
Also recent small price rise isn't factor that would show the price is going to rise continuously, just a minor positive correction.
Still there is few months left until the end of the year so let's wait patient and see how the situation is going to develope.