Where will the price stop ?

[Johnzky]

Well after all that have said and done yet future of the market price will still rely on the investors so even how hard we think and say the thing is we need to wait until the value recorded it’s place

But for me we had already stopped yesterday and we only licked the $14,000 value before subsiding down again and stay atleast in $10,000 range.

We can not control the market like no one else can do(though some says it’s the whale who can lol)

[NeuroticFish]

Is it okay for us to have an unnatural price prediction??
What are your thoughts on it ?

Unnatural predictions are fun, can increase awareness, but they are (obviously) completely unreliable.
I see more and more voices telling that 35k is an easy-to-reach number. Although it makes me feel/dream nice, the reality is that after the big pump Bitcoin is just having now a correction and we just don't know what'll happen next.

[klaaas]

It has ups and downs nature. It’s only a crash if you bought at the top though. Marked safe during the bitcoin crash. You can't bet against Bitcoin, it's undefined.

That is something you only know after it wend down. ; )  It is never sure what Bitcoin will do next. Even now it swings up and down on the hourly chart.

[el kaka22]

I think right now it already stopped, it depends on what you mean by stop but as you can see right now price is not moving in any direction at all. That is literally "stopping" and we have stopped.

Would it go up from now on or down from now on shouldn't mind because right now we are at a stage where whatever you think you can actually have the time to do it since the price is not moving like crazy, if you think it will go down then you can sell right now, if you think it will go up then you can buy, if you bought cheaper you can sell some to take profit, if you bought higher you can buy more to drop the averages down.

Basically right now it is as stopped as you might actually wish, but people won't buy here that much, or sell that much, you know why? Because they still are afraid of every possible movement but then wish they got in after the fact instead of during it.

[Jating]

.. snip ..

I agree. Bleeding somewhat stop at this point, 2 days of seeing the market going into red is not a thing to behold. But it seems that it didn't go below $10k and the support is very strong.

I've seen some reddit post that there will be more bloodshed and the price could go as low as $8600 but I disagree. We have a lot of support above $10k, so I'm expecting a rebound in the next couple of days as this is a good opportunity to buy again.

10 months away for block halving, still a perfect time to accumulate.

[adaseb]

I think this panic and break of $10K was mostly due to the huge 20K BTC claim that happened on Bitfinex. For those unaware on June 30th, all of a sudden the amount of shorts went down from 30K to 10K which means that someone covered 20K shorts. At the time it was worth about $11000, so about $220,000,000 or so. It had no effect on price because the trader just "claimed" his position and didn't need to buy it on the market.

Its hard to tell exactly when he shorted but he most likely did it because he wanted to sell 20K worth of BTC and if he sold it by sending the entire 20K to Bitfinex then the alarms would go off and people might panic, so he just slowly sold by short hedging and in the process didn't affect price too much.

Now his position is closed and he is already in profit.

[exstasie]

The weekly candle is certainly ominous. It's a candlestick called a shooting star. When they appear after strong rallies, they often precede a significant bearish reversal:

A shooting star is a bearish candlestick with a long upper shadow, little or no lower shadow, and a small real body near the low of the day. It appears after an uptrend.

The long upper shadow represents the buyers who bought during the day but are now in a losing position because the price dropped back to the open.

The candle that forms after the shooting star is what confirms the shooting star candle. The next candle's high must stay below the high of the shooting star and then proceed to close below the close of the shooting star.

The next weekly close (on Sunday) will confirm or invalidate the pattern. In order to remain bullish, buyers should close the week above the $10,800 area. Otherwise the door is still open to a deep correction possibly as low as the $7,000s.

[South Park]

I think right now it already stopped, it depends on what you mean by stop but as you can see right now price is not moving in any direction at all. That is literally "stopping" and we have stopped.

Would it go up from now on or down from now on shouldn't mind because right now we are at a stage where whatever you think you can actually have the time to do it since the price is not moving like crazy, if you think it will go down then you can sell right now, if you think it will go up then you can buy, if you bought cheaper you can sell some to take profit, if you bought higher you can buy more to drop the averages down.

Basically right now it is as stopped as you might actually wish, but people won't buy here that much, or sell that much, you know why? Because they still are afraid of every possible movement but then wish they got in after the fact instead of during it.

It seems that for the time being the bull run has stopped, obviously the bull run could always resume its upward trajectory at any moment but it seems the next days should offer some breathing room for those that want to buy bitcoin without having to worry too much about the direction of the market, but I am not that positive that the price will keep growing that much because that will put us very close to the ATH and I do not see a reason why we could get that close to the ATH or even surpassing it when the halving is one year away.

[omonuyak]

Seems like were back in 2017 with these big swings but here is the reality correction turn the bullish market into RED. It has ups and downs nature. It’s only a crash if you bought at the top though. Marked safe during the bitcoin crash. You can't bet against Bitcoin, it's undefined.

Correction in pricing is actually expected as the market cannot continue going up or down and it is during corrections that new investment decisions are made. Bitcoin price look too good now to fall and before we see short terms bearish trend again, bitcoin may touch $20,000 or above.

[BY_ATOM]

Let's be realistic. if we consider bitcoin as a long-term investment, then it makes sense. For speculators now is also a good time to earn. But you should always choose a good entry point. Bitcoin will grow and nothing will stop it. Let them fall! But he will rise and will move forward, no matter what and no obstacles!

[stadus]

Let's be realistic. if we consider bitcoin as a long-term investment, then it makes sense. For speculators now is also a good time to earn. But you should always choose a good entry point. Bitcoin will grow and nothing will stop it. Let them fall! But he will rise and will move forward, no matter what and no obstacles!

You are right about that, this is a good time since the market is bullish, for less experience traders, it's good if they trade in bullish times as the market can easily be predicted than in bearish times and knowing that most traders are bullish, this is their timing.

I can trade for short term now and I loved it since bitcoin is so bullish, making 5% is a good percentage already but I don't focus much on this as I'm not a day trader and if in case bitcoin will dump I would also not mind since i can hold for long term, but I really doubt that this year will still be the same year last year which end up bearish, this time I'm pretty optimistic we will have a bullish market and a new high will be created.

[normanderecho]

hey everyone I think it's time for everyone to be Happy and investing since the price is actually climbing over the roof now .

Well there are few quotes that I came along on the internet made by some major websites , lemme state that out for you :-

*This was quoted by cointelegraph *

"As Cointelegraph reported on Friday, hash rate hit a new all-time high at over 65,000,000 TH/s. In other words, Bitcoin is more secure than ever and would require an unfathomable amount of computing power to affect the network."

"In fact, the number of Google searches for “bitcoin” is only around 10% of what they were in 2017. In other words, retail investor FOMO has not even started yet, which may suggest that BTC price could go much higher than last time"

"The latest rally to five figures is also happening way before the Bitcoin block reward halving set for May 2020. This is when mining block rewards will be cut from 12.5 to 6.25 BTC, thus reducing the bitcoins minted by miners who are naturally market sellers."

Just saving you guys from reading the whole para '

So according to these arguments , Bitcoins should be able to just strike beyond 20k$
But what do you think ?
Will the price stop here or just climb up
Is it okay for us to have an unnatural price prediction??
What are your thoughts on it ?

I think it will more than $20k soon and bitcoin will never stop until there are bitcoin not yet been mined. And once all bitcoin will be mine, I think that's  the time bitcoin will stabilize and no other movement  rather its keep increase and increase while the time passes by.

[LimLims]

It's a good thing that you mentioned OP.
But the first line is quite contradictory.
It is in my opinion very risky.
You don't know when there will be a sudden fall in the price.
So if you invest now and loss may occur then who is going to pay?
So better wait for the right time to invest.

[onrise]

It has ups and downs nature. It’s only a crash if you bought at the top though. Marked safe during the bitcoin crash. You can't bet against Bitcoin, it's undefined.

That is something you only know after it wend down. ; )  It is never sure what Bitcoin will do next. Even now it swings up and down on the hourly chart.

Price should be moving up itself since it has fallen a bit from 12k or 13k levels and need to find its place again back to those levels. Infact a good time for those who wanted to invest at lower levels it is that time now so that you can make good investment and sell on later.

[fantasticbaby2605]

I have read through the opinions of everyone in this article. Most of the comments suggest that everything is hard to guess and there are optimists who believe that prices will go up. I know btc is also an opportunity, for me your questions you can answer yourself completely. Because I know everyone here wants the price of the BTC to increase so that it can get the desired profit. And just as I understand that this market still has very few people know, and with recent news, you can understand that things are gradually changing. So I'm talking about it, so you can think about the prices of BTC in the near future. Maybe my thinking is different from you and not enough to convince, but you know there are not many reasons that I cannot explain in detail. And still on a personal point of view "be patient when investing everything, because money is really not easy to get. We are not lucky people."

Sorry, maybe my language is not correct but I still hope you can understand it.

[BitHodler]

I really doubt that this year will still be the same year last year which end up bearish, this time I'm pretty optimistic we will have a bullish market and a new high will be created.

That's not a risky flow of thought with how we went up this year.  

The thing that people seem to forget about is how markets tend to do the opposite of what the majority is thinking. It wouldn't surprise me if we take another dive and say goodbye to 5 figure levels for a while.

The price has gone up so much that even a 40-50% correction would still not be all too bad. Most people before the pump didn't give Bitcoin a single chance of breaking $10k this year, and now they expect $20k and beyond.

I think Bakkt going live or not this month will play an important role in the short term. It might give Bitcoin either a push towards new yearly highs or push it off a cliff towards a new higher low well under the $10k mark.

[Distinctin]

It has ups and downs nature. It’s only a crash if you bought at the top though. Marked safe during the bitcoin crash. You can't bet against Bitcoin, it's undefined.

That is something you only know after it wend down. ; )  It is never sure what Bitcoin will do next. Even now it swings up and down on the hourly chart.

Price should be moving up itself since it has fallen a bit from 12k or 13k levels and need to find its place again back to those levels. Infact a good time for those who wanted to invest at lower levels it is that time now so that you can make good investment and sell on later.

It is currently holding back below $12k and it is quite good for latecomers to take this opportunity before it finally is in the bull run.
We might think that it will dump again but before it happens I believe that we are touching at high first, and we have to strike it first before getting late.

[hatshepsut93]

I think the price will top at around $60,000 somewhere in Q1 2020, because that's what aligned with some logarithmic regressions that I saw, this prediction is not to high so it's realistic, and if they price will be higher, I'll be pleasantly surprised, instead of being disappointed if I'll make a too gready prediction. This is only a x3 increase from the last ATH, but Bitcoin has always been unpredictable, and just like no one saw a giant growth of the last cycle, maybe Bitcoin will break the rules again.

[Thirdspace]

noone can precisely predict the future price but we haven't seen the highest price yet
I'm pretty sure the highest price (before deep crash) will be reached a few months after halving day
my personal guess, bitcoin price may hit as high as $25k or even $30k before the end of year 2020/21

[klaaas]

I'm pretty sure the highest price (before deep crash) will be reached a few months after halving day

It will gain more for sure but there will be speculation around and after the halving but a deep crash could always happen when the market get worried about events.