Bitcoin Will Surge to 62k!

[Muzika]

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

[avikz]

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

Lol!! Anything can happen! A lot of analysts say a lot of things to gain some visibility and I must say this one is no different! Pure speculation which will turn a lot of eyeballs to this fellow! Nothing to bank on really!

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

If this happens, it will do much devastation that you can think of. Millions of people will be arrested by the financial regulatory agencies because these people will become millionaires or even billionaires in a very short span. Banks will go nuts and start campaigning against bitcoin and other crypto assets when they will see people are withdrawing money to invest in bitcoins. Tax officials will loose their sleep to calculate the numbers of new class of rich people in their country. And a new class of people will rush to invest in bitcoin during ATH.

Parabolic rise is not great! Slow and steady always wins the race. People will at least have some time to digest the facts!

[electronicash]

and many will kill themselves too after a nose dive. sure the peice will also dump whe  it reaches its ATH. but more of us will also be happy about this price surge. i don't think financial regulatory agency can find fault to us when we re just doing business after all if you are alaw abiding citizen you will pay the tax.

[pooya87]

haha, price started rising again and everyone became "experts" in predicting bitcoin price. literary every bitcoin related news outlet out there are publishing optimistic speculations about how price is going to be such and such high-prices next phase. i wonder where were all these "expert" speculators when price was at the bottom and we were saying it is time to accumulate and price is going to the moon soon? by then all the same news outlets were publishing pessimistic price speculations talking about how price is going to fall to $1000 soon most of them from the same people!

[philipma1957]

I see 20-30k by April 2020

[CryptoBry]

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

There will be no shock because this another bitcoin "prophecy" will never happen. We have already seen, heard and even laughed at so many rosy, colorful and excited predictions about what can soon happen with the price of bitcoin but many of them are not based on the reality and I think just meant to command the attention they need. Definitely, bitcoin will rise due to many good factors but predicting that it will almost magically go that's already bordering on the entertainment side of things. I prefer to just wait and see. A slow and steady growth of bitcoin is what we should wish for...as overheating can be causing a lot of problems -- well, just like in a car!

[Kemarit]

Of course we wanted to see the price going on another massive run, but let's be realistic for one second here, $62000 BTC a pop this year? Hmm, it's weird, I thought we need to break the 5 digits first, (in which we still haven't) and then go on after the last all-time-high, before we talk of another exorbitant price increase this year. What will happen prior and after the bitcoin block halving then? 6 digits in the horizon? Why not wait for a slow but steady rise. Parabolic rise will do good short term, but long term though it could have a devastating effect on the market.

[udayantha11]

no never, do not think about so far. in this bull run also do not expect to go 50000$ even. As per my experience , sure its stopped by 25000$. But do not invest all your money , it will be worst decision you have ever met. you invest what you can afford to loose.

[stadus]

What I just notice, more analyst now are bullish and giving high price prediction, I called this a great recipe of FOMO, once bull run comes, price could rise higher and higher that could be higher than our expectation. Actually 62K is possible as bitcoin has a history of crazy movement.

[AGD]

haha, price started rising again and everyone became "experts" in predicting bitcoin price. literary every bitcoin related news outlet out there are publishing optimistic speculations about how price is going to be such and such high-prices next phase. i wonder where were all these "expert" speculators when price was at the bottom and we were saying it is time to accumulate and price is going to the moon soon? by then all the same news outlets were publishing pessimistic price speculations talking about how price is going to fall to $1000 soon most of them from the same people!

That's about it. Real experts don't care about the price in FIAT.

[jseverson]

Year 2017 had a similar weekly candle set-up as the one today, which was followed by a 570% price increase over the next 147 days.

Another similar price increase puts BTC price at ≈$62K by the end of October 2019. #bitcoin $BTC pic.twitter.com/M7NkHthY2M

— Galaxy (@galaxyBTC) June 17, 2019

It's not as much a prediction as a reading based on past movements. I do believe that Bitcoin can get to those levels (at some point, at least), but not because of this reasoning. It's basically impossible for prices to move the exact same way and in the exact same timeframe as they did in the past. Going from ~3k to ~20k is also way different from going ~9k to ~60k.

[figmentofmyass]

If this happens, it will do much devastation that you can think of. Millions of people will be arrested by the financial regulatory agencies because these people will become millionaires or even billionaires in a very short span. Banks will go nuts and start campaigning against bitcoin and other crypto assets when they will see people are withdrawing money to invest in bitcoins. Tax officials will loose their sleep to calculate the numbers of new class of rich people in their country. And a new class of people will rush to invest in bitcoin during ATH.

why would this happen at $60k but it didn't happen at $20k? seems like a bit of an exaggeration to me.

Parabolic rise is not great! Slow and steady always wins the race. People will at least have some time to digest the facts!

slow mooning is the best kind of mooning. we're agreed there! inevitably though, strong demand leads to parabolic rises. with bitcoin, this can't be helped.

[NeuroticFish]

This is some sort of speculation and some sort of technical analysis

Yep, still it's more a speculation Predicting the future is always like this. Do you have, by chance, a crystal ball to lend? 

I see 20-30k by April 2020

By the numbers people are throwing these days (50k, 100k, 1M), you sound almost pessimistic



I'm already happy with the current levels. ~9k is a good halt. I will not forget that we were at 3500$ just 4 months ago.

[michellee]

Bitcoin can go to any price without telling us, and everything can happen later. Although many people can say bitcoin will reach A price, still, they don't know how higher bitcoin can reach. The only thing we can do is just be patient, waiting for the time will answer. Meanwhile, we can buy bitcoin from now so we can make a lot of money from bitcoin. Don't panic if our calculation is not right because I think that will be only temporary because bitcoin will increase higher later.

[adaseb]

BTC does have crazy FOMO periods where there is basically no sellers and people are paying crazy prices to buy some. This is why when BTC broke $10K last time, it very quickly went to $20K.

I remember bitcoin ATMs were pretty much running out of coins to sell, if you wanted to sell BTC for fiat they even waived the fees for you. There is also the exchanges which had to pause signups because they couldn't deal with the huge demand.

So yes $62K is possible but I think we might get $12-13K instead, something more conservative.

[jossiel]

They will come out again as the market shows dominance again. $62,000 is of possibility but for this year, I don't see it happening. These predictions that comes out from these 'experts'. I think it's more of giving that emotion to the people and say 'hey come in, we're mooning soon'.

So that people will FOMO and will start buying.

[Vaskiy]

We can come across more price predictions over the days as bitcoin has gained good momentum crossing $9000. To cross the $9000 barrier it underwent several price corrections. Possibly what we experience in the market is the real growth without any form of price manipulation from the whales. As the market looks bullish, can expect some form of manipulation from whales over the weeks.

[Wilhelm]

I'll take the 62k 

[wheelz1200]

Bitcoin will not always follow the same path as it did before.  It night follow a similar path but I expect more people to take profits along the way which will provide greater resistance.  I could be wrong and it could spike higher than that.  But psychologically it is tough to keep bitcoin profits that high on "paper" for a lot of people. 

[Pursuer]

hold your horses... let us first break the first major resistance at $10k and start targeting the previous ATH before coming up with new ATH predictions not to mention that it is impossible to predict them since by the time we are seeing a new record there is such as surge and lots of money flowing in that the resistance is practically nonexistent so price can stop at any level. just like the $20k was unpredictable.