Bitcoin bull push to 600k ?

[conex]

What do you think of this analysis?
Everything until now (even the recent re-accumulation phase is just as planned). Can the push reach the new highs like 600k? The date says 25. May probably with libra effect included in the growth.

[ReiMomo]

What do you think of this chart?

That is a personal Technical Analysis(TA).
Every one of us can do plotted on the chart price and begin the analysis. Sometimes we have seen the accurate result and sometimes it is very far from the fact. So, I won't tell you now what will happen next to the Bitcoin price. Let's wait that the time will tell what will happen to the bitcoin price either pump or dump below the correct price now. I believed in unpredictable price movement of bitcoin and the whole crypto as well. There will be a new ATH for sure and make bitcoin price pump at $600k as you wish.

[Kizaki]

$600k is still a dream for us bitcoin supporters and users.Just accept the fact that its even hard for bitcoin to reach $50k why would someone assume that it may push up to $600k? thats impossible in any means for now aim for the low high point then climb your way up dont talk things that yet to come

[omone1]

You are not kidding me, you just push it to $600K? That is a powerful dream, I am not sure when this is going to happen, maybe we should just concentrate first on adoption, then we can speak of this type of price growth. 

[Lucius]

You can freely remove Libra from the equation, it won't be launching next year, and as things stand now, that may never happen. I see such charts many times, and they accurately show the past showing us that Bitcoin follows a particular pattern. The question always arises whether the same things can be expected to happen again in the future.

Date 25, May 2020 is possible date of halving for Bitcoin, but it may happen before this date because it is not possible to calculate precisely the time for next 210 000 blocks. The chart is showing that the price of Bitcoin can reach $600k+, but sometimes in 2022.

Bitcoin has all the predispositions for such price, but we still need to be realistic and realize that it will take time to get there. I can just say that most people would be happy if the price of Bitcoin reaches $100 000 in next 3-4 years.

[NeuroticFish]

Can the push reach the new highs like 600k?

Bitcoin has dropped lately. It has just started to recover. In such periods the ones preaching an even bigger drop (the FUDers) are the more vocal ones.
If Bitcoin will have a sustained growth for a while, the dreamers will kick in, telling about 500k, 1M and maybe even bigger numbers.

So right now your numbers are "a blasphemy"  
Imho yes, 600k is not an unrealistic number. The only problem I see is the timing, that could be wrong. And I think that I know why too: Libra may have no effect at all.

[Chmel]

What do you think of this chart?
Everything until now (even the recent re-accumulation phase is just as planned). Can the push reach the new highs like 600k? The date says 25. may with libra effect included in the growth.

600k dollars per BTC? Who needed this so high price? Can't even imagine who win when price be 100k $ or more. If bitcoin reach so high price I think it would be the end of crypto. Big sharks with big money will kill cryptocurrency just sell, a small part of deposit. For this high price need very big capitalization like forex.

[Mandoy]

There are no perfect technical analysis. Technical analysis of the chart always gives us possibilities but not the accurate events that will occur in bitcoin. Such as my reading on the chart few months ago I was telling my friends that there will be no more bearish movement that will exceed 2k$ drop but recently something happened and I did not expect that such things will occur. Chart reading is good since it will give us the idea of what will happen to the market but in the end it will only gives us probability and not the actual future results.

[bitzizzix]

Bitcoin to reach 600 thousand is a fantastic amount and in my opinion it is not possible, what we see in the bitcoin market to reach a price of $ 20,000 or $ 25,000 is difficult and it is a price that is likely or predictable that will happen but it misses.
and bitcoin to reach the highest price will definitely happen but to reach 600 thousand I think that's impossible.

[pieppiep]

I will think about money, money, and money

That will be the biggest money for people who own so much bitcoin, and they only need to sell 1-10 bitcoin, then they will get many things they want. I won't be surprised if many rich people show up in public and say they can get wealthy because of bitcoin. I am sure in that time, many people who don't know about bitcoin will amaze, and they will hunt bitcoin.

And back to the chart. There is no clue what will happen in the next month or in the December 2019, but if bitcoin can rise and back to the $9k, $10k, or even can break $12k, then that is a big chance for the price. And that can trigger for the price to break another high price, at least, we can get back to see $19k again at the beginning of 2020.



Maybe that is what I see, and I am happy to know the price can get up to $8k now. Hopefully, it can steady to break the higher rate. And if in the next year, $600k will really happen, I am sure that will be the highest price bitcoin can reach so far. But after that, we can get another biggest dump like before.

[Wexnident]

What do you think of this chart?
Everything until now (even the recent re-accumulation phase is just as planned). Can the push reach the new highs like 600k? The date says 25. may with libra effect included in the growth.

It sure would be nice if it really did reach 600k. But thats not just possible even with the technicaly analysis done. And besides, technical analysis may say so but it doesnt necessarily mean it'll happen 100%. We wont really know what will happen to bitcoin in the near future since everything that is said about it would just be speculations so all we can do is just hold and hold. Just reaching back to 12k or 13k is really enough for me. Realistically speaking anyway.

[Experia]

$600k is too far from what is the price today, and if you think that libra is the reason of this bull you are wrong, libra is still on the phase of making the project of the decade and it will be announce on the year 2020. And yet base on the article https://www.reuters.com/article/us-facebook-libra/libra-coin-group-in-talks-with-eu-regulators-executive-tells-reuters-idUSKBN1WC1DE it will be delayed due to regulatory concern.

[putukin]

What do you think of this analysis?
Everything until now (even the recent re-accumulation phase is just as planned). Can the push reach the new highs like 600k? The date says 25. May probably with libra effect included in the growth.

This chart is one of the options for the outcome of Bitcoin in the future. Unfortunately, it’s impossible to say for sure. Also Libra is under too much regulation, the project has a chance not to be launched due to the pressure around it

[funchiestz]

There are too many estimates and analyzes about the Bitcoin price. However, most of them are done without any valid basis. When McAfee said Bitcoin was going to be $ 1 million, a lot of people called him crazy. He had his own motive.

There is an unpredictable issue in the estimates for the Bitcoin price. FOMO! When FOMO starts processing, many other issues can be ignored. Therefore, do not underestimate FOMO. If Bitcoin somehow starts to rise rapidly, there will be a large number of people following FOMO. 600K is a great target, but not impossible.

[judeafante]

Bitcoin to reach 600 thousand is a fantastic amount and in my opinion it is not possible, what we see in the bitcoin market to reach a price of $ 20,000 or $ 25,000 is difficult and it is a price that is likely or predictable that will happen but it misses.
and bitcoin to reach the highest price will definitely happen but to reach 600 thousand I think that's impossible.

I share the same opinion, we should be more realistic on the current situation, $600 k is a way too high to discuss at this current point of time,
I'm looking at a chart and I really hate seeing the chart right now, Bitcoin price is down -3.65 and we are talking about $600k.
I think we should first focus on adoption and another all-time, $25k to $30 k is reasonable.

[quierx16]

Too good to be true, this is too far everyone would be happy if this happen of course but $600k expectation with the current price is impossible for me its already good if bitcoin reach a new ATH.

[MonsterV]

A pretty good analysis by utilizing history of the previous bitcoin charts. I myself also often use analysis like this when trading, but not always analysis is accurate, as far as I know, it depends on market conditions. Maybe this analysis will be in accordance with the picture if next year market conditions support to return, sometimes it's not appropriate.

So, I also hope that like what is listed in the title of this thread, but I choose to enjoy every reflection. The rest I invest in next few years.

[AniviaBtc]

It is obviously a technical analysis, because as you can see in the chart that the bitcoin price will push to 600k dollar. It's quite very hard, but in the near future nothing is impossible. Be optimistic when it comes to BTC, there's always a way on how it gonna push to 600k. We just need to wait for that to happen.

You should be knowledgeable in chart reading for you to have some thoughts on what are the possibilities but it's not the actual happenings in the market.

Just accept the fact that in terms of bitcoin it is not "what you see is what you get." Keep that in your mind. The chart only show the possibilities, everything started at the bottom.

[lightningmelo]

It's easier to look at total market cap instead of the actual BTC/USD price.

600k per coin would equal $13T market cap, which is almost twice the market cap of gold itself.

Not impossible, but it will definitely take longer than 2 years. Every time the market goes up a lot, early hodlers will tend to sell some of their holdings, bringing the market down again.

[funchiestz]

It's easier to look at total market cap instead of the actual BTC/USD price.

600k per coin would equal $13T market cap, which is almost twice the market cap of gold itself.

Not impossible, but it will definitely take longer than 2 years. Every time the market goes up a lot, early hodlers will tend to sell some of their holdings, bringing the market down again.

I'm sure no one thought gold would come here to its present value from the first days it was found, and would leave a lot of FIAT money behind. I cannot say that it overtake the current value of Gold. But why wouldn't it really be possible?