[2019-06-21] ‘If Bitcoin Hits $10k, It Will Easily Break Past The $15k Price Lev

[ruthbabe]

‘If Bitcoin Hits $10k, It Will Easily Break Past The $15k Price Level’ – Gemini CEO Tyler Winklevoss

Bitcoin (BTC) has been kind of slow in its price gains in the last 24 hours. It has just managed to maintain its price above $9,000 most of the time while dipping below that level a number of times. While the crypto community is patiently waiting for it to touch $10,000, Co-Founder of Gemini Tyler Winklevoss says Bitcoin will easily break through $15,000 if it manages to hit $10,000.

The number one cryptocurrency has demonstrated a lot of resilience, building a lot of support to come to this stage. It has been consolidating in the last few days and is expected to start rising towards the $10ks soon. Some skeptics may still not yet be convinced because of the ongoing competition between Bitcoin and gold.

However, Winklevoss believes $10,000 is a critical price for Bitcoin as it will be substantial proof of its bright future which will then attract more money to make it push right through $15,000.

“It’s a cheap asset until it disrupts gold, however, the 2nd time breaking 10k will make it feel more “real” to many people,” he said.

Head of Research at Fundstrat Global Advisors Tom Lee had also earlier said a huge FOMO is coming once $10,000 is breached, that would potentially drive Bitcoin up to $40,000. As a matter of fact, he sees Bitcoin breaking the former highs including that of 2017 which happens to be the highest high so far.

Bitcoin started the week with a very bullish weekly candle that made analysts think the week may be very promising. Crypto analyst, ‘Galaxy’ said the weekly candle looked a lot like that of a week in 2017 and if the patterns repeat themselves, Bitcoin could rise 574%. This would place the price of Bitcoin at $62,000 in just 147 days.

Bitcoin however has probably not lived up to that expectation as it has barely maintained a price over $9,100. We are right in the middle of the week so it may be possible for it to do better. However, Winklevoss and indeed the entire crypto community seems convinced that the number one cryptocurrency will break the $10,000 mark sooner or later.

Source: ZyCrypto

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[rodel caling]

I guess if bitcoin price value reach 10,000$ this month not possible to get reach fast 15,000$ and bring it bitcoiin in into become expensive value before end of this is year.
Let's wait and enjoy bitcoin nowadays are getting into very stronger currency and possible to give a lot of opportunities to all bitcoin holders.

[Naida_BR]

So we are already above 10k. Do you think that we are going to hit 15k as well?
I am very cautious with that because I think that if we don't see any increase in the altcoins then I think that the price will go down again. There are many people that wait for a top in order to start selling.

[5ensei]

Now we will know if their predictions are accurate. It is widely retweeted that winklevoss thinks it will pump to $15k after breaching 10k which it has done today, lets see if it comes true, then we can watch out for his other predictions

[Vishnu.Reang]

I expected Bitcoin to take at least 2-3 months to move from $9,500 per coin level to $10K. But that was achieved in less than 24 hours. And at this rate, I would say that the next major resistance may come up at $20,000 per coin, or $25,000. Also, it looks like many of the mainstream investors have taken a plunge during the past few weeks.

[1Referee]

I expected Bitcoin to take at least 2-3 months to move from $9,500 per coin level to $10K. But that was achieved in less than 24 hours. And at this rate, I would say that the next major resistance may come up at $20,000 per coin, or $25,000.

The market has turned resistance levels into invisible barriers lately, so it doesn't surprise me it did what it did.

The last potential resistance level is just under $20,000 depending on what exchange you're looking at, but once we're past that high, there is literally no limit as to what price we will see in the forthcoming years. We'll create new resistance levels and bottoms, where ultimately the $20,000 high will be a future bottom. The only question is from what level will we fall back to that $20,000 level? 

The last time we went up to the all time high of $1100 resulted in a ~35% dump, which took us a month to recover from and from there we went full parabolic to $20,000. If we see something similar happen again, it's probably a good idea to buy that dip.

[BitHodler]

The Winlevoss twins should be taken serious with how they as founders of Gemini know how much money enters their exchange. They can front run pretty much any event well before anybody has a clue of what will happen.

Technically speaking, $15k isn't that big of a target with how there is nothing stopping it from rushing further with how strong the demand is. If we continue this rush, it's only a matter of months before the $20k mark is reached.

Even now with the minor correction I observe strong buying preventing the bears from pushing the price too low with the little ammo they have left. Sellers are losers in current market.

[Schirer]

Yeah, 15k is not huge compared to ATH and the fact that we already broke 10k easily.
But if we consider how much BTC already has gained this year, 15'000$ becomes much bigger target.

In my thoughts, we will not get to 15k so easily, there will be retreat before that. The OP has given us the logarithmic chart, which does not show the real scale of the latest price action, just take a look at the linear scale graphic over weeks or months.

[roosbit]

we got to $10K easily and this could be a good or bad thing.
Am expecting price corrections which could easily pull us back but am thinking high prices usually pull the attention of people looking for a profitable asset to invest in and thanks to the ongoing trade war cryptocurrencies are indirect beneficiaries which means more money pumped in for crypto to challenge for the all time high of $20k.

[joseafonso123az]

Everyone can try and guess ho will btc turn out. But the way it is growing, maybe the demand is increasing again, it may be possible it reaches 15k soon.  It surely looks like that with the speed that it has grown, it might lead to a breakhrough to the 20k like last year.  Hopefully this time it just gets stable there to rise even more next year.

[rodskee]

Yes I believe that it can easily reach $15k price of bitcoin.like this month one day reach $11k and it is not impossible to increase more the value of bitcoin.we know bitcoin is in the top of crypto it is possible to increase.I believe if the investors continuing use bitcoin it will go and go and go increasing fast.
So for those who thinks negative about bitcoin that will decrease and not increasing stop thinking that.always be positive that bitcoin will go up and up.
And people using bitcoin will still benefits for the price.

[Sithara007]

The way in which Bitcoin breached the $10,000 level was very surprising. The upswing from $9,500 to $10,000 took just a few hours. I was expecting a lot more resistance at that level, after assuming that many of those who purchased their coins for 3K and 4K would be booking profit at 10K. But it looks like these users are holding out for a much higher target. 15K doesn't look like a major target level for me. The next one is going to be either 25K or 50K. But we may not witness those levels this year.