Bitcoin price will not go above $4,000

[blockman]

You are underestimating technology.

Netscape was technology, Altavista was technology, imagine a title like this coming up several years from now:

https://www.quora.com/Why-did-Netscape-Navigator-fail-as-a-browser-Was-Netscape-ever-bought-out

Why did Bitcoin fail as a crypto currency?

Don't get me wrong - we are supporting Crypto - this is a price discussion, not whether or not the technology is useful.

Comparing the sole purpose of Netscape and altavista to bitcoin, you know that their use are different to each other. Are you sure that bitcoin already failed as a cryptocurrency? Well, this isn't new when someone says that bitcoin failed as a crypto or it has died.

It has been said many times.

"We are supporting crypto" then why ask why did bitcoin failed as a crypto currency?

[Mr.grin]

Finally, the price reaches $3900 in this day, and soon we will reach $4k and take a breath for a moment before increase higher. But I am worried if the correction for the price will get down too deep because we are still in a not good position this time. But many of us want to see bitcoin price can increase more than $4k this year and they hope that it will happen before the middle of the year.

don't worry, this year is still so long, and just started. when people say that the price of bitcoin won't reach $ 4k or more, that's not necessarily. even now there are only a few more until the bitcoin price reaches that price. I believe the price of bitcoin can still be much higher

[magneto]

Bitcoin is almost touching $4,000 and it had a small rise, but the factors that brought Bitcoin down from $20,000 to $4,000 are still there.

The price of Bitcoin seems to be too high even @ $4,000, because there isn't any fundamental behind it, the price of Gold also had a huge rise to $2,000 several years ago but it dropped 50% of its value pretty fast.

Today Gold is stable around $1,350 per ounce ... but Gold is a scarce resource, a physical one ...
Bitcoin is not, it's just means of transferring money from one to another and it has lots more competition.

So these fundamentals show the price is still bearish, the small rise from $3,600 to $3,950 is probably a correction in the market.

Does anyone agree?


**All of the above is a pure speculation.

Bitcoin already breached $4k at one point.

I agree with the fact that the markets are still bearish, and that I expect prices to correct in the short term soon since there simply isn't enough evidence to call this a bullish breakout yet. But I do think that there is a high likelihood that we will get to $4k within this stretch of rallies.

I doubt that looking at gold is a valid comparison since bitcoin has historically not really shown any tangible link to gold price, and I actually think that the fundamentals and potential of bitcoin is much better than gold at the moment. Also, short term price is mostly dictated by the emotions of the market, and I think that there may already be some element of FOMO in this rally already.

[omonuyak]

Bitcoin is almost touching $4,000 and it had a small rise, but the factors that brought Bitcoin down from $20,000 to $4,000 are still there.

The price of Bitcoin seems to be too high even @ $4,000, because there isn't any fundamental behind it, the price of Gold also had a huge rise to $2,000 several years ago but it dropped 50% of its value pretty fast.

Today Gold is stable around $1,350 per ounce ... but Gold is a scarce resource, a physical one ...
Bitcoin is not, it's just means of transferring money from one to another and it has lots more competition.

So these fundamentals show the price is still bearish, the small rise from $3,600 to $3,950 is probably a correction in the market.

Does anyone agree?


**All of the above is a pure speculation.

Actually the small rise is a correction in the market and I do agree with your views but bitcoin is too valuable to remain below $4000. I think bitcoin is far important to our society than gold!  People create value for gold and the same people are creating value for bitcoin.

[exstasie]

Bitcoin is almost touching $4,000 and it had a small rise, but the factors that brought Bitcoin down from $20,000 to $4,000 are still there.

The price of Bitcoin seems to be too high even @ $4,000, because there isn't any fundamental behind it, the price of Gold also had a huge rise to $2,000 several years ago but it dropped 50% of its value pretty fast.

Today Gold is stable around $1,350 per ounce ... but Gold is a scarce resource, a physical one ...
Bitcoin is not, it's just means of transferring money from one to another and it has lots more competition.

So these fundamentals show the price is still bearish, the small rise from $3,600 to $3,950 is probably a correction in the market.

Does anyone agree?

**All of the above is a pure speculation.

You say the price is "too high" but neglect to say what a fair price is. Everything you say could apply at $100K or $100 and everything in between because they're just perma bearish statements about the fundamentals.

FYI, perma bears have been making statements like these since ~2010. You know what the price was back then?

[justdimin]

I don't agree with you.

I understand where he is speaking from and if you check it from his angle, you will see that he is actually making a point. In 2017 all altcoins in the crypto market followed bitcoin trend in terms of price, once the price of bitcoin goes up, altcoins goes and vice versa. If you also check most of the crypto exchange, they set prices of altcoins in bitcoin/sat.

Maybe in the later future altcoins will be stand-alone but for now they still depend on the price of bitcoin, you can make research if you have doubts.

[bitcoin31]

Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.
People don't who don't have bitcoin for sure it will not believe to bitcoin because once the bitcoin increase they will not profit they are envy to us.

[STT]

I dont think BTC and gold are that similar but they are both inverse to Dollar strength so I guess thats why they get compared.     BTC is more transactional then gold which is held as a hedge by some and an actual monetary assets by some banks due to its inert nature.    BTC isnt inert, its actively being developed so they arent close in comparison over long term.


I dont find anything wrong with this rise to 4,000 and the way its sticking to the ceiling, or the resistance of 4000 seems quite positive to me.    I dont know the time frame for it to develop but I would expect 4,500 and even 6,000 but I dont think we get to 6000 this month.   Most often we have to shake out people before a bigger rise.   If people decide to be bearish at 6000 then after that rise, I will disagree less then now

[Yamifoud]

Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.

But is sad that it turns back few dollars away for targeted $4k. May we could say that, this not really the start for bull runs, it its just hypes and usual market fluctuation, so we can't expect continuous pumps for this quarter. But still we should be positive and I do believe it will be fined the in the coming days. 

[rosmerius]

Bitcoin is still running and moving, and this shows that bitcoin is trying to be a good transaction tool online. Bitcoin performance is undoubtedly even though the wheel is spinning but the value of bitcoin remains the best, slowly but surely bitcoin will be able to achieve its goals, we will be able to see that bitcoin is indeed a fast transaction tool that is effective and valuable.

[Oasisman]

Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.

But is sad that it turns back few dollars away for targeted $4k.

In case you guys wondering if Bitcoin could really break the $4k mark. Actually it did, 2 times today, maybe it happened so quickly that we didnt noticed that it actually did.

Take a look at this chart.



It may fell back a few dollar, but I am hopefull we could break through $4k slowly.

[ToyotaFortuner]

Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.

But is sad that it turns back few dollars away for targeted $4k. May we could say that, this not really the start for bull runs, it its just hypes and usual market fluctuation, so we can't expect continuous pumps for this quarter. But still we should be positive and I do believe it will be fined the in the coming days. 

traders must be able to remain patient waiting until prices recover and as much as possible do not sell at very cheap prices because the price of bitcoin can potentially be very expensive and even beat the price of gold because the influence of a very limited bitcoin supply can also be a trigger for the high price of bitcoin.

[KennyR]

Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.
People don't who don't have bitcoin for sure it will not believe to bitcoin because once the bitcoin increase they will not profit they are envy to us.

At times it easily cross the round point values, now it seems to struggle hard to cross $4000. Much closer to $4000 is observed on the CMC, now it is at $3992. From my view when it go beyond $4000, we can soon expect good increase in the value reaching $4500+ at the shortest.

[BlackPanda]

Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.
People don't who don't have bitcoin for sure it will not believe to bitcoin because once the bitcoin increase they will not profit they are envy to us.

At times it easily cross the round point values, now it seems to struggle hard to cross $4000. Much closer to $4000 is observed on the CMC, now it is at $3992. From my view when it go beyond $4000, we can soon expect good increase in the value reaching $4500+ at the shortest.

The fact is that in the Bitcoin World there will never be an easy thing to predict, anything can happen. also when the Bitcoin price will reach 4,000USD. This is very possible because the price of Bitcoin can reach more than that price, even before the price of Bitcoin once reached the level of 17,000USD. So everything can happen and we will all reach a much higher level than 4,000USD.

[judyrob]

Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.
People don't who don't have bitcoin for sure it will not believe to bitcoin because once the bitcoin increase they will not profit they are envy to us.

At times it easily cross the round point values, now it seems to struggle hard to cross $4000. Much closer to $4000 is observed on the CMC, now it is at $3992. From my view when it go beyond $4000, we can soon expect good increase in the value reaching $4500+ at the shortest.

The fact is that in the Bitcoin World there will never be an easy thing to predict, anything can happen. also when the Bitcoin price will reach 4,000USD. This is very possible because the price of Bitcoin can reach more than that price, even before the price of Bitcoin once reached the level of 17,000USD. So everything can happen and we will all reach a much higher level than 4,000USD.

Indeed predicting crypto is not easy but we certainly continue to hope that bitcoin will reach more than $ 4000, and maybe a few days or the next few months will score a high level. More market demand will increase the value of crypto.

[arpon11]

Bitcoin crossing $4000 will happen either today or tomorrow.  I think bitcoin is going to recover and remain in bull trend for some times.  The event that lead to the downfall in pricing of cryptocurrencies is still there but that did not mean that bitcoin will not recover over those issues and for those that think that bitcoin is overvalued,  I don't Think that bitcoin is overvalued and the current price is not the best price.

[Peashooter]

Bitcoin already surpass the price of $4000 and I think there is chance the it will continue on increasing where it will hit the price of $5000. I still keep on thinking that the bear market will end in the few days or months so I already bought some amount of bitcoin and ethereum.

[el kaka22]

Lol, this topic did not aged well . It is above 4 thousand dollars (even while he was writing this it could have been above 4 thousand I suppose since its about 24 hour old topic). If you are a person who think bitcoin can not go above 4 thousand dollars or at least think that it can't be sustained over 4 thousand dollars you are underestimating the money poured into bitcoin.

The technology definitely worth it but also the hype and interest from the public what makes bitcoin what it is today. There are more people interested in bitcoin than ever, there are more whales interested in bitcoin than ever and there are certainly more companies funding crypto companies than ever. These all come down to more attention to bitcoin which results with buying more bitcoin that increases the price.

[eaLiTy]

Bitcoin is almost touching $4,000 and it had a small rise, but the factors that brought Bitcoin down from $20,000 to $4,000 are still there.

If you are certain what took the price of bitcoin down from the peak to $4000 and what makes you think that what factors gives them the current valuation if it is just not have any fundamentals, i would like to hear from you.

Today Gold is stable around $1,350 per ounce ... but Gold is a scarce resource, a physical one ...
Bitcoin is not, it's just means of transferring money from one to another and it has lots more competition.

What is the use of gold rather than a shiny metal, it cannot be transferred easily and it is not that easy to cash out either and it is difficult to mine but it is unlimited in nature because of new mining sites being discovered every year if you are not aware of it.

So these fundamentals show the price is still bearish, the small rise from $3,600 to $3,950 is probably a correction in the market.

I am not expecting the rise to rally now, but we will see the recovery eventually, even if the market correct themselves now, it is not a big surprise as no one is expecting any big rally any time soon.

[OrangeII]

Bitcoin already surpass the price of $4000 and I think there is chance the it will continue on increasing where it will hit the price of $5000. I still keep on thinking that the bear market will end in the few days or months so I already bought some amount of bitcoin and ethereum.

I think it's still an unstable increase. when viewed on the coinmarketcap, we can draw the conclusion that the price has not really passed the price of $ 4k. in proportion, the price of bitcoin is still around $ 3950, and maybe in the near future, we can see the price of bitcoin is stable at that price.