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Author Topic: How far bitcoin will it go this time and why?  (Read 11753 times)
SM23031997
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May 05, 2019, 01:30:09 PM
 #1

We are all excited that bitcoin started moving forward again. Let's have some discussion here how far bitcoin will go this time.
Come up with your prediction, date when will it reach there and of course with a reason why you think it will reach that point.

$10,000 before end of year
I will keep it quite less until some countries come up with their actual stand on cryptocurrencies. As it will highly impact the market and push it to a new level or pull it to a new low.
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May 05, 2019, 01:48:37 PM
 #2

Quote
$10,000 before end of year
I will keep it quite less until some countries come up with their actual stand on cryptocurrencies. As it will highly impact the market and push it to a new level or pull it to a new low.

Safe to say, well the year end is still far and there's still a lot of time for big events, news, development and all before the end of the year. It's difficilt to tell how high or low will the prices go. Just look at the recent bull-market, we never knew that bitcoin will reach it's ATH at $20,000.

The price movement of bitcoin creates hype to the market demand, and as the price goes up it creates hype after hype, which is why the market is undpredictable since you will have to consider a lot of factors.

Mass adaptation and government acceptance will play a big role here. Let's hope something great will happen this year.  Grin

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May 05, 2019, 02:32:00 PM
 #3

We are all excited that bitcoin started moving forward again. Let's have some discussion here how far bitcoin will go this time.
Come up with your prediction, date when will it reach there and of course with a reason why you think it will reach that point.

$10,000 before end of year
I will keep it quite less until some countries come up with their actual stand on cryptocurrencies. As it will highly impact the market and push it to a new level or pull it to a new low.
At the end of this year and the rate for bitcoin will be around 7k - 8k. But i think that will be possible to be reached before that date. Basically we must try to see the fundamental as the main factor to determine how far bitcoin will go with its price.
Remember it's possible for bitcoin to recover its price from 3k to the 5k rate just in short time.

More adoption from countries mean more volume to the bitcoin and whole of crypto.
https://www.coindesk.com/bitcoin-minings-new-bidding-war
Imagine how fast the difficulty of bitcoin will increase.

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May 05, 2019, 02:43:18 PM
 #4

$9K is my prediction. I am expecting organic growth to continue in a slow and steady manner which is why I chose this particular amount. This amount could double itself during the halving event of 2020 which is why the investors are probably buying and HODLING currently to be ready by then.

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Bunsomjelican
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May 05, 2019, 02:50:15 PM
 #5

We are all excited that bitcoin started moving forward again. Let's have some discussion here how far bitcoin will go this time.
Come up with your prediction, date when will it reach there and of course with a reason why you think it will reach that point.

$10,000 before end of year
I will keep it quite less until some countries come up with their actual stand on cryptocurrencies. As it will highly impact the market and push it to a new level or pull it to a new low.
Agreed, and I am hoping that it will happen before end of this year. Because there are many of the holders of bitcoin are waiting for the bull run actually. Although, the price of bitcoin are now little by little increasing its price value in the market.
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May 05, 2019, 02:54:23 PM
 #6

Lets be realistic on the way Bitcoin started it movement from the beginning of 2019. Base on this, i will like to predict the price of $10,000 before the end of the year. Currently, the price of Bitcoin is wagaring around $5,923 - $6,000, maybe by the end of the Third quarter of the year we might see a double rise in the price of Bitcoin, if this happen the possibility of Bitcoin price hitting $10,000 above is visible.

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May 05, 2019, 04:36:36 PM
 #7

My prediction for bitcoin at the end of this year could be in $7,000-$9,000, but I am not sure because until now, bitcoin price still not increase too higher.
After the price break the highest price, it goes to down and sometimes the price can go down too deep and that makes me a little bit confused about the moving of bitcoin.
But if we talk about in the future, then I am sure that bitcoin can pass more than $10,000 or even it will increase more than $20,000.

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May 05, 2019, 05:03:12 PM
 #8

or pull it to a new low.

I don't see a new low. We don't want to go back from where were coming from  Grin

Your prediction for $10,000 isn't out of reach and from how price is doing this second quarter, I believe I can say we can see $15,000 again...  Grin

However, I think this thread is suppose to be opened in speculation section.
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May 05, 2019, 05:08:32 PM
 #9

Depending on how soon we get there, the next ATH will be something between $50k and $100k according to these TA's I follow for a long time:

https://www.tradingview.com/chart/BLX/LGfs4PUa-Bitcoin-A-Long-Tern-Market-Analysis/
https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

Check the 2nd one especially. Last time when we crossed that purple line, we reached $20k in 7 months. (From May 2017 to Dec 2017)

We are just about to cross that purple line again.




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May 05, 2019, 05:14:47 PM
 #10

We are all excited that bitcoin started moving forward again. Let's have some discussion here how far bitcoin will go this time.
Come up with your prediction, date when will it reach there and of course with a reason why you think it will reach that point.

$10,000 before end of year
I will keep it quite less until some countries come up with their actual stand on cryptocurrencies. As it will highly impact the market and push it to a new level or pull it to a new low.
I am not sure how he price of bitcoin is going to move in the new few weeks because for now the prices keeps bumping like what happened in 2017 so there may be a chance for another 2017 run or people will be more protective this time with their profits so they might try to utilize the profits earlier.

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May 05, 2019, 05:30:34 PM
 #11

Depending on how soon we get there, the next ATH will be something between $50k and $100k according to these TA's I follow for a long time:

https://www.tradingview.com/chart/BLX/LGfs4PUa-Bitcoin-A-Long-Tern-Market-Analysis/
https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

Check the 2nd one especially. Last time when we crossed that purple line, we reached $20k in 7 months. (From May 2017 to Dec 2017)

We are just about to cross that purple line again.

So is it really possible for it to reach that high? If that is so, we should be expecting some big gains for some of the top current altcoins as well.
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May 05, 2019, 06:35:20 PM
 #12

I guess the five-figure might happen very soon or maybe i am just assuming it will because by looking at the price it might.

Lots of FOMO happened lately since the price started to grow it is easily pulled down again i guess nobody wants to get left behind.

Bitcoin might reach the five-figure this year but if not then we will likely gonna see it next year upon halving.

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May 05, 2019, 07:45:23 PM
 #13

It's hard to predict but I would want to be optimistic so I would expect the best. I bet it would be a year full of developments and improvements so bitcoin and massive adoption are actually occurring so reaching the best value would also be possible by the end of the year.
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May 05, 2019, 08:55:12 PM
 #14

Given the steady growth of the lightning nerwork and the growing number of BTC transactions (confirmed transactions per day just recently hit a 16-month high) it really seems the Bitcoin and the crypto market in general is picking up some momentum. So the $10k that OP is predicting for the end of this year seem really possible for me. 7 months in crypto can be a long time and a lot can happen.
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May 05, 2019, 09:22:20 PM
 #15

We are all excited that bitcoin started moving forward again. Let's have some discussion here how far bitcoin will go this time.
Come up with your prediction, date when will it reach there and of course with a reason why you think it will reach that point.

$10,000 before end of year
I will keep it quite less until some countries come up with their actual stand on cryptocurrencies. As it will highly impact the market and push it to a new level or pull it to a new low.
There is a lot of time left it is hard to predict the price but I agree with you.
If this price increase continue we could see it at $10k or even a lot more higher before this year ends.
But if not I think it would only be around $7-8k at the end of this year.

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May 05, 2019, 10:03:06 PM
 #16

Lots of FOMO happened lately since the price started to grow it is easily pulled down again i guess nobody wants to get left behind.
I'm not sure if we actually have seen a lot of fomo as you put it. I am quite sure that a lot people have been of believe that the price would tank rather than go up, where the first stage is to wait for the price to go down.

The second stage (also the last stage) is seeing the price break through a very important price level, which in this case will be the $6000 mark. If we manage to break $6000 we can expect people to fomo into the market for real.

It would be a total shocker if we have a fakeout over $6000 where fomo buyers will end up being left with very expensive bags. That's why I prefer to see a daily candle close above the $6000 mark first.

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May 05, 2019, 10:40:55 PM
 #17

I guess I'll stick with your prediction too of $10,000 before the end of the year. Coming from the bottom and with $2000 to nearly $3000 increase for just few months, I guess that will be the potential highest increase for this year.

And when we are about to enter 2020, too many FOMO will come up due to the halving. Since this topic is just all about for this year, I'd go for that prediction but it makes me more excited to see what waits ahead for us.

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May 05, 2019, 11:01:29 PM
 #18

We are all excited that bitcoin started moving forward again. Let's have some discussion here how far bitcoin will go this time.
Come up with your prediction, date when will it reach there and of course with a reason why you think it will reach that point.

$10,000 before end of year
I will keep it quite less until some countries come up with their actual stand on cryptocurrencies. As it will highly impact the market and push it to a new level or pull it to a new low.

$10,000 is quite realistic prediction. We have been experiencing a slow upward movement trend after we left the $3,000 Bitcoin price. I guess this upward trend will continue til next year's halving.
While my prediction on December will be a new ATH, hopefully around $20k, judging from the current market price condition today.

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May 05, 2019, 11:27:43 PM
 #19

We are all excited that bitcoin started moving forward again. Let's have some discussion here how far bitcoin will go this time.
Come up with your prediction, date when will it reach there and of course with a reason why you think it will reach that point.

$10,000 before end of year
I will keep it quite less until some countries come up with their actual stand on cryptocurrencies. As it will highly impact the market and push it to a new level or pull it to a new low.

Bitcoin still holds a mystery in the future as I think we are still on a way towards a plunge down dip before an extremely corrective pump gets witnessed. I won't speak anything till the end of this year, but to me, as halving date nears and a lot of adoption and some regulations in many big countries, this beast should go par $50k at least and stay there with a $1 trillion market cap to show how big this market is.

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May 06, 2019, 05:18:40 AM
 #20

there is no way to predict the next ATH as it was impossible to predict $20k to be the previous ATH even when we were heading there. and based on my experience whenever people fixate on some price ($50k for example) it means the ATH is going to be a lot higher than that.

but the price by the end of this year is more predictable although still hard. i say somewhere around $10k is reasonable because the real resistances are near there and everything else below that mark is just the temporary panic sell resistance which only helps the whale accumulators.

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