Bitcoin Will Surge to 62k!

[SquallLeonhart]

62k is too specific to be considered an acceptable price. I mean 20k was a round number, 10k is a round number, usually people make stuff up with round numbers too, like "bitcoin will be 100k" or "bitcoin will be 1 million dollars each" like john mcaffee told us couple years ago which I think is crazy but who knows this is bitcoin maybe it will be a million dollars each in decades, not now but its possible to happen in the long long long future.

However, one thing is for sure that bitcoin will break 20k, I am 100% sure that we are going to break 20k very soon, I believe it will happen before 2020 halving as well because the reality is that halving will make sure miners earn less even though they are now making more money with transaction fees but the fees are getting lower with segwith and LN as well so they will be selling for a lot higher price than current one which will help us get to 20k.

[qwertyup23]

Well anything could happen as no one can ACCURATELY predict what will be bitcoin's price in the following years to come. History of its price may show an upward scale since this year's third quarter showed signs that its price may surge. But purely basing it on historical data may give inaccurate conclusion as external factors (such as: massive bitcoin ban, prohibitions, unexpected market scams, etc.) should be also considered.

It is still highly advisable to at least HODL the bitcoins you are willing to risk and lose.

[BrewMaster]

I start noticing positive news in German media. FOMO is building slowly. 60k is possible. And my target point is 50k.

i am noticing it in other places too, for example another forum (unrelated to bitcoin) that i sometimes visit has been having a couple of heated bitcoin topics talking about it.
this is somehow starting to look like 2016 again as we get closer to halving and people come back after the big recovery and the hype builds up.

[South Park]

"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.

It seems that we are back at the stage where people are going to begin to throw all kind of wild speculations about where the price might go, and in order to bring more traffic to their website they will begin to give higher numbers and weak explanations about why that price may be reached, now do not get me wrong if bitcoin reached a price anywhere close that level I will be the first person to celebrate and being euphoric about it, but I am not counting on that prediction to become true.

[Lanatsa]

"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.

It seems that we are back at the stage where people are going to begin to throw all kind of wild speculations about where the price might go, and in order to bring more traffic to their website they will begin to give higher numbers and weak explanations about why that price may be reached, now do not get me wrong if bitcoin reached a price anywhere close that level I will be the first person to celebrate and being euphoric about it, but I am not counting on that prediction to become true.

Dont be surprised and same as yours im already get used to it for these kind of wild predictions when it comes to prices.
They do took advantage and fooling up people by clickbait into their site.$62k is too much and its really very unrealistic for people to claim.
Why not people would just stick out first on how to break the previous ATH?

[jonsky05]

"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.

Well it's free to speculate and we have different opinions and I think that the price is continuously move up iit will possible to reach $64k price this year. Hopefully it will be happen to it will be great for all.

[romero121]

I start noticing positive news in German media. FOMO is building slowly. 60k is possible. And my target point is 50k.

i am noticing it in other places too, for example another forum (unrelated to bitcoin) that i sometimes visit has been having a couple of heated bitcoin topics talking about it.
this is somehow starting to look like 2016 again as we get closer to halving and people come back after the big recovery and the hype builds up.

That's good, it shows the growth of bitcoin as well the market widening. Everyone has similar opinion that the market is same as the past, over the days of 2016 the growth was almost in the same pattern taking place in a gradual manner. Further the expectation based on halving kept people to hold it for a longer time period. The one who kept hold profited with the 2017 bull market which got ignited by the days close to halving.

[Shinpako09]

Take it easy man, you're getting too much excited because of the rise we are having. We'll be there soon, if not next year maybe in the next chance of having ATH again and so on. I'll think of new ATH later. As of now, let's see and wait if btc can sustain $10k once we reached it. If btc show resistance in $10k and moved up again then it's very clear we are on our way in setting a new ATH.

[samcrypto]

I am awaiting for 2020 that if $500k will not happen John McAfee will eat his dick on national TV. If at least beating the ATH happens I'll be happy about it, because that's more realistic, FOMO will happen again on the market.

I don’t care it he will eat his dick or not but this guy is really not good in cryptomarket, that’s too my speculation and he is just make people panic. $62k might be hit not because of any prediction of any celebrities but its more on new changes like the next halving in 2020, $30k is my prediction un the mid term of 2020.

[Questat]

I am awaiting for 2020 that if $500k will not happen John McAfee will eat his dick on national TV. If at least beating the ATH happens I'll be happy about it, because that's more realistic, FOMO will happen again on the market.

I don’t care it he will eat his dick or not but this guy is really not good in cryptomarket, that’s too my speculation and he is just make people panic. $62k might be hit not because of any prediction of any celebrities but its more on new changes like the next halving in 2020, $30k is my prediction un the mid term of 2020.

John McAfee have some serious problem on the way he thinks, you can't trust this guy.

Check out the latest news about him. It's funny. 

  McAfee’s Body Double Was Poisoned, John Blames The US Government

[timerland]

"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.

It seems like yesterday when the mainstream media seemed to be ultra-bearish and calling for bitcoin's demise every single day. It just goes to show how sensationalist they are, and how much they are influenced by mainstream investor sentiment. It is a quality indicator of market sentiment, though, I'll tell you that. As to the actual analysis, not so much.

Right now, I would not jump to conclusions and say that BTC will even move above the all time high by this year. Let's not forget the fact that this bull market is still in its infancy and will likely see a lot of resistance at least for the latter part of the year, as investors are still somewhat uncertain as opposed to fully euphoric as what happened in 2017.

I think that given the improved fundamentals, such as LN and the recent inflood of institutional investors, and their BTC-based trading activities, these predictions of a 6 figure bitcoin are not entirely possible - but I feel like that they are based off arbitrary numbers as opposed to any tangible evidence. And if they were to happen, I think they will occur much closer towards 2020 when halving will have a psychological factor on investors, as opposed to now.

[Febo]

"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.

That is actually possible outcome. This bitcoin cycle might not repeat last one but the 2013 one when there were 2 bull runs. April and December.  So this $62k ATH can be the April 2013 $230 ATH. And then we wait for December 2013 $1200 to finish this cycle. I am not sure if this first bull run is possible this year. But definitely should happen next year. Second one will be about a year latter.

[Slow death]

"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."

another exaggerated forecast, I can agree that someday it will be possible to see the price reach $ 30,000, it may be 5 years from now, but $ 60,000 by October this year? is a very high price and impossible to be reached. Where do they get these exaggerated forecasts? will be that before posting these predictions these guys think and do some kind of analysis?

[arpon11]

"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 do not know crypto yet.

That is actually a possible outcome. This bitcoin cycle might not repeat the last one but the 2013 one when there were 2 bull runs. April and December.  So this $62k ATH can be the April 2013 $230 ATH. And then we wait for December 2013 $1200 to finish this cycle. I am not sure if this first bull run is possible this year. But definitely should happen next year. The second one will be about a year later.

This is speculation Sir and strongly believe that it might come to pass as the next bull is about to commence. I think bitcoin is going to explode after $10,000. The 2013 first bullish run is going to repeat at this time though, it might not get to $62,000 but we should expect significant changes in Bitcoin price. If I were those that buy Bitcoin or have in mind to buy Bitcoin when it falls from around $20,000 to $10,000 in 2017 to the middle of 2018 I will take another investment decisions again as now we are more positive than then.