Bitcoin $10k Before June, Possible?

[BlackPanda]

It's truly hard to predict how the market moves. Everyone is saying we are up and I saw a recent news that Bitcoin is overbought, which could inadvertently turn to another market decline. Though some pundits have it that Bitcoin has bottomed out.

Can bitcoin reach $10k before June? I'm sure if it manages a rally to that new 2019 high, we could sustain it to the old ATH. If not people may despair again. What are your thoughts?

Don't think I can stand another pull back. 

Everything can happen, it's still April and June is still a few weeks away. Bitcoin often gives surprises and therefore I am optimistic that there will be a big change. Especially now that more and more people are convinced of the development of Bitcoin, let's work together to convince more people to use Bitcoin !!

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[romero121]

By January we reached around $3000, marking an all time low of the year. From that it has grown to the peak value of $5300+ few days back. This has taken place within two months time and if similar form of growth takes place we can reach at least $7000 by June and some form of mass adoption and legal support from countries in the same will help with higher growth. From my view $7000 is almost assured and based on the growth $10000 has got higher possibilities.

[exstasie]

Same with the people who shorted when $5800 broke, they were sitting on large profits at $3100 and never took profit and are now most likely going to cover at break even. When that happens it might easily reverse and take out those traders who bought at $3100 or $2500 in May 2017 when the massive FOMO started.

I agree, it was a long squeeze followed by a short squeeze. The long squeeze might continue after we confirm a local top. Unfortunately ~20% of shorts on Bitfinex were closed yesterday when we retested the recent highs, and the funding rate on Bitmex is positive. Those aren't stellar signs for bulls.

This move could be like the December pump: a big fast spike that isn't sustained for very long.

[jademaxsuy]

By January we reached around $3000, marking an all time low of the year. From that it has grown to the peak value of $5300+ few days back. This has taken place within two months time and if similar form of growth takes place we can reach at least $7000 by June and some form of mass adoption and legal support from countries in the same will help with higher growth. From my view $7000 is almost assured and based on the growth $10000 has got higher possibilities.

Well, there is no assurance to all market price prediction. Who knows that it could go down again to all time low. But, in this case it might be going up.already for bearish market has been long time and that is enough already.

If only bitcoin has been mined all already and reaches to 21M or all the bitcoins are circulating already in the market then for sure we can expect a very high increase in the near future if miners will just going to hold mine bitcoins.

[TopT3ns]

Don't forget, anything is possible in crypto. We can speculate anything but must prepare for anything that can happen in crypto. Maybe in next month there are big news if bitcoin that can make huge increased of price. Who knows.

[maydna]

I guess if the market still is like this, $10k will not be impossible to reach before June this year. But we need to remember the market still too volatile, and no one will know when bitcoin can reach $10k again. Maybe it will reach at the end of this April or in the next month, and we still don't know. But I believe that bitcoin can reach $10k someday.

With much positive news that will happen in this month and the next month, of course, that will help bitcoin price to increase higher, and that will attract more people to invest in bitcoin. Once the supply is increased, then the price will also move to a higher price, and after that, we will see the bitcoin price will make a new highest price again. I wish that before we are meet the halving, the price could increase higher than we ever have seen before

[freedomgo]

A good price prediction which I think a it's possible to take place based on the current market run.
This will be seen by investors provided BTC will not dump or back to its bearish movement, and will eventually fully change the market condition.


$10k looks hard to achieve for bearish people but we achieve this price before.

[Clark05]

We know the ability of the bitcoin once the market increase it can what they want. But once the market decreased it will going to dump very huge so we need to maintain this price of the bitcoin and now is more $5000 and it can takes only several weekd to become times 2 the value of the bitcoin and maybe in the May or possibility in the month of June and we pray for the bitcoin to reach again 10,000 dollars.

[dothebeats]

We will struggle to get by $6000 knowing how many people bought at that price thinking that that is the lowest price bitcoin will ever reach. For sure, once $6000 is reached again, or is breached, people will begin their dumping spree to call it quits and breakeven, and I know a lot of people waiting for that exact same time. Once we have passed the hurdles of $6000, and if the push survived the dump by then, that is the only time in which we can aim for higher goals, but $10k before June, IMO with the current market state isn't possible atm.

[YuginKadoya]

If we stay at this pace and keeping a distance below the $5000 USD then we can hit not $10,000 USD but $8000 on June, I cannot say for sure if we can make it to $10,000 by that short amount period of time because of the way bitcoin move right now, it is very unpredictable and I can just stay on the safer volume I can think that has the possibility of getting, So I consider there might be a resistance involve and $8000 USD is a near price that I can think we can settle by June.

[2chase]

10 thousand dollars by the month of June - I think that this is quite real, Bitcoin is now in a phase of active growth, so in my opinion it can easily reach this level by the month of June this year. After all, we all know that Bitcoin actually grows very fast, as it already happened a week ago.

[Febo]

Can bitcoin reach $10k before June? I'm sure if it manages a rally to that new 2019 high, we could sustain it to the old ATH. If not people may despair again. What are your thoughts?

It is possible. But will most likely not happen. We should see price of $10000 by the end of the year or at least close to that price.  

[olumyd]

No rules and different sets of realistic when it comes to Bitcoin.

That's the thing with crypto, I kinda think it evolves and while we are trying to play catch up, our predictions become outdated. But I strongly believe, however, that a $10k benchmark may be crucial to another massive adoption cycle. It was claimed that ignorant people joined the industry at the ATH and are probably waiting to reap their profits, meanwhile, the smart monies are also watching to see if bitcoin's history will eventually be repeated.

[Gaff]

Don't forget, anything is possible in crypto. We can speculate anything but must prepare for anything that can happen in crypto. Maybe in next month there are big news if bitcoin that can make huge increased of price. Who knows.

I do believe that crypto has no limitations, so indeed as you said mate there no impossible with crypto right now. Somehow, despite of the possibilities the unpredictability remained for so long time. Just like the long bearish trend of the market since 2018 until now, no one expected it that it will become contagious until present. Although there's more commendable news coming, but it won't guaranteed more positive results unless market has good outcome after the improvements being implemented like the bitcoin ETF approval.

[adaseb]

Nobody knows what will happen. Anyone that makes a prediction is just guessing.

Markets travel in ways of least resistance where there is profit to be made. So when everybody bought in 2017 and were sitting on massive unrealized gains, the market went against them and took those gains away.

Same with the people who shorted when $5800 broke, they were sitting on large profits at $3100 and never took profit and are now most likely going to cover at break even. When that happens it might easily reverse and take out those traders who bought at $3100 or $2500 in May 2017 when the massive FOMO started.

Yeah, as much as I'm unconvinced that this winter is over (I think 2020 post halving is the earliest it could happen), I'll still remember that in mid-2017, no one except the wildest-eyed ones would ever dare speak of 5-figures. Of course, once 10k was breached, that crazy climb to 20k was on everyone's lips, but the point is, no point really saying what's possible because nothing isn't. No rules and different sets of realistic when it comes to Bitcoin.

I'm not sure about least resistance though. The supposedly tough technical 4400 didn't even have time to evaporate...

I don't think $4400 was resistance, resistance was the $4200 area which was formed from the $3100 bounce back in Dec 2018.

Most people had their stop-loss right above this area and when it broke it sent a wave of market buy orders so the shorts could cover. These shorts were all underwater anyways.

However I am talking about the shorts in the $5500-$5800 area that entered when we broke support in November 2018. When BTC hit $3100 they were sitting on massive profit, and unless they took profit, all those unrealized gains were evaporated pretty much.

[coinluisa]

It's truly hard to predict how the market moves. Everyone is saying we are up and I saw a recent news that Bitcoin is overbought, which could inadvertently turn to another market decline. Though some pundits have it that Bitcoin has bottomed out.

Can bitcoin reach $10k before June? I'm sure if it manages a rally to that new 2019 high, we could sustain it to the old ATH. If not people may despair again. What are your thoughts?

Don't think I can stand another pull back. 

Well for now that we are 5k range of price it's hard to say if we can reach the 10k price by June but of course in crypto there's so many surprises. Let's observe the market if the market continues to move up maybe we can say it that there's possibility that we can a 10k range of price.

[daarul50]

The uncertainty of speculation makes us feel hesitant to make a decision against bitcoin. From several factors as possible, if there are no more people who panic with a small decrease bitcoin, will be able to continue to rise even before June, it depends on the amount of money coming into the market crypto. if in the end bitcoin experiences a decline again then we should be more patient again and don't panic like everyone else. It is not impossible the current situation is the initial moment of the trend reversal.

[samcrypto]

Don't forget, anything is possible in crypto. We can speculate anything but must prepare for anything that can happen in crypto. Maybe in next month there are big news if bitcoin that can make huge increased of price. Who knows.

This is why i’m not making any predictions right now and I’m just setting up the prices when i should sold my bitcoin. That can be possible but no one can tell it right now. The pump can happen within just 1 day, so open your eyes for every possibilities like this and make no panic when it collapse again.

[hahay]

It's truly hard to predict how the market moves. Everyone is saying we are up and I saw a recent news that Bitcoin is overbought, which could inadvertently turn to another market decline. Though some pundits have it that Bitcoin has bottomed out.

Can bitcoin reach $10k before June? I'm sure if it manages a rally to that new 2019 high, we could sustain it to the old ATH. If not people may despair again. What are your thoughts?

Don't think I can stand another pull back. 

Even I don't see the possibility of falling again, indeed no one knows what will happen next and it is unpredictable, I just don't want to despair behind the increase that occurred in this quarter and will remain optimistic if the price of bitcoin is able to continue to increase although volatility happen. It doesn't matter if before June prices could still not be able to reach $10k, but when prices were able to survive and stagnate close to $10k then that would be fine in my opinion when compared to the bearish market which keeps prices falling.

[Cacingkemi]

Very difficult to predict the market but at ATH in the past the turbulent market was strong enough to break down the demand wall, possibly there could be but on what basis is the 10K value before June? is there good news going on or will there be acceptance of bitcoin in large open companies that will increase prices? We must encourage market growth.