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Author Topic: Can BTC still have any rally before 2020?  (Read 873 times)
Zemomtum (OP)
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October 03, 2019, 11:19:02 AM
 #1

We have been having a lot of debate on where the trend might be shifted to in terms of BTC price. The highest price this year almost reaches $14000, while the majority still believe that we might still get back to this price and even surpass that level, some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.

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October 03, 2019, 01:21:12 PM
 #2

I doubt that there will be any sizeable ones.

The market sentiment is low and will likely remain low until near the halving event, which will not be occurring in May. In the meantime, we could see some corrections for sure potentially down to $7k where the support will be tested.

It's very likely that the bull market will coincide with the end of the 2020 CNY, which seems to be what usually happens as capital start freezing up after festivities end. I wouldn't go long on leverage right now with BTC because of the downside risk, but I think it's a matter of time before a recovery occurs.
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October 03, 2019, 02:27:07 PM
 #3

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.
I had to chuckle at this statement.  You're looking for fortune tellers or very confident TA people to give their predictions, but anyone's guess is as good as anyone else's.  I don't have any data or charts to back up my opinion, but considering that there are about 3 calendar months left to 2019 I think it's entirely possible to have a rally.  If there were only a few weeks left in the year I'd say it's probably unlikely, but I've learned that anything can happen with bitcoin.

I doubt that there will be any sizeable ones.
Yeah, probably not a rally that would bring bitcoin back to its ATH or anything even close, but it certainly could get back to $10k.  Three months in the bitcoin world is a long time in terms of what could happen with price movements.  If the drop from $13k to $8k was only a selloff, it could very well be that the bull market will resume--but I can't say with a straight face if that's going to happen or not.  My crystal ball is nonfunctional.  In fact it's never been functional.

The market sentiment is low and will likely remain low until near the halving event, which will not be occurring in May.
I'm not so sure about the "low sentiment".  As I said, this could just be a correction in an otherwise strong market.  I also think the halving event is already priced in.

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October 03, 2019, 02:38:16 PM
 #4

We have been having a lot of debate on where the trend might be shifted to in terms of BTC price. The highest price this year almost reaches $14000, while the majority still believe that we might still get back to this price and even surpass that level, some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.
Actually, we do not know yet if bitcoin will really go up after the year 2019 and I know many of us tend to believe that bitcoin might increase in this last quarter and even me I also believe. The price of bitcoin remains at the price of 8000$+ and maybe after this year, it will stay below the price of 10000$. In fact, the bitcoin halving is one event that they waiting for simply because it may affect the price to pump again and will be the start of the bull run.

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October 03, 2019, 03:36:48 PM
 #5

I think that ship has sailed. If the question is really "can" then yeah sure it can totally go but at the same time can is not the right question to ask when it is about bitcoin, bitcoin can do anything in price movements, it could be 1 thousand dollars tomorrow or it could be 20 thousand dollars tomorrow, both are easily achievable as long as people just sell all their coins or buy as many bitcoin as they can with the fiats they have, however the likely possibility is that it is not going to happen that way.

The right question is not can, no , it will be it gonna have a rally and I think that will not happen, there are too many things that need to go right without any going wrong all at the same time in order to make a rally like that and I am not seeing anything good going on.

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October 03, 2019, 04:03:24 PM
 #6

I bet on one more strong bull run before final halving bull run
I am not agree that halving is already priced
We simply had to strong to fast parabolic movement up
There was not even one day with daily close below 8k
Lets see what will happen.Probably we will retest last low
But rebound will come and we will enjoy higher price at the end of 2019
Of course there is very bearish scenario.If 6 k will break down we can see price below 5 k even
Not so much  is happening now.it looks like accumulation on low level with low volume
Bitcoin need to break to 8500 K on daily

I will be very bearish in any weekly close below 7400 K

 
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October 03, 2019, 04:44:07 PM
 #7

We have been having a lot of debate on where the trend might be shifted to in terms of BTC price. The highest price this year almost reaches $14000, while the majority still believe that we might still get back to this price and even surpass that level, some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.

I'm still leaning bullish for a rally in Q4. It's tough to feel that way after half this year's gains were erased but it felt the same way in July 2013. Though there are some signs for caution (like breaking the 200-day and 20-week moving averages) the downside since $14K is still quite normal for a bull market correction in % terms.

Here are a couple analysts who both predicted this bearish correction, and who are both betting on a bullish resolution in 2019:
https://bitcointalk.org/index.php?topic=5140701.msg52563649#msg52563649
https://bitcointalk.org/index.php?topic=5128394.msg51687931#msg51687931

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October 03, 2019, 04:56:47 PM
 #8

We have been having a lot of debate on where the trend might be shifted to in terms of BTC price. The highest price this year almost reaches $14000, while the majority still believe that we might still get back to this price and even surpass that level, some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.
Yes bitcoin can have a rally to 12-14k once this year. We are currently expriencing 0.5 retracement as per fibonacci from the 14k rally which we previously made and if this is wave 2 then wave 3 could possibly be higher much higher than the previous wave but for this remaining year I think we would only be able to see it until 14k.
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October 03, 2019, 05:09:59 PM
 #9

I'm fairly confident in some sort of a rally, but the thing is that what price level will we start at, and where will we peak out. I mean, we could also rally from $5k to $8k and then fall back down (just an example calm down).

In most cases, Bitcoin tends to go up a lot within a short period of time, while after that there could be a very long cycle of sideways consolidation. I think we've had the gains for this year and no longer break the $10k mark.

Of course, that's a very unpopular opinion, but what do people expect with the price hovering under the 200DMA. By definition, that's more bearish than bullish, so don't expect anything until we close above it.

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October 03, 2019, 05:14:09 PM
 #10

It looks like not possible. But history showing Bitcoin Always had a good run in the last 4 months of every year. Except for the year 2018 when everyone was looking for a bull, the run market delivered the opposite. So the Market can go in any way which mostly depends on Big players. When Small fishes start shorting Bitcoin price will go up and when you keep asking for the Bull Run market will crash.

We need very good news before BTC halving to start the rally. Currently, 12.5BTC for every block is too much in my opinion. Big miners dumping these BTC every day and the market is having a tough time to pull up the price.

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October 03, 2019, 05:48:24 PM
 #11

I am not seeing any big movement for Bitcoin at the moment and the possibility that I see that may happen could be in the year 2020 when we are in the midst of the Halving and that will be the third time for Bitcoin and can be on 2020. But  I don't know what is the exact date for it.

But it will happen and that event can sure testify another ATH for Bitcoin after the Halving Bitcoin could hit a possible $90,000 USD said by top banks in Germany, Or wishful thinking of $400,000 USD said by another article, But before 2020 movement is very tight indeed, But the indication of after a Halving will be a new All-time high for Bitcoin.
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October 03, 2019, 06:04:02 PM
 #12

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.
I would say all of those predictions have equal validity, and I say this because anything can happen come December and next year.  Bitcoin wont hit $13,000 by years' end, I'm nearly sure of it but there could be some kind of rally.  You've probably seen the last few years of bitcoin's performance first hand since you're a full member here, so I'm sure you realize how crazy the price can move.  While I wouldn't wager a guess where its going to be in 2 months, my feeling is that it will be higher than it is now.  I'm hoping.

Big miners dumping these BTC every day and the market is having a tough time to pull up the price.
Don't know if the miners are affecting the price through their selling, but there could be some truth to that.  I feel that buying has just slowed down and there are probably a lot of traders who made huge profits when bitcoin exploded this year.  They probably sold it for fiat and I dont blame them.
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October 03, 2019, 08:42:27 PM
 #13


Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.

I believe in this scenario:

some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

in 2017 I listened to a lot of people talk about bitcoin, a lot of people were buying bitcoin (fresh money was coming in) ... so the price has gone up a lot, currently I highly doubt that a lot of fresh money is coming in. why I doubt that a lot of fresh money coming into the crypto market? because I look in the forum and elsewhere and I don't see that they will buy a lot of bitcoins using their debit cards, I may be wrong. But my guess is that from January 2018 to today the price goes up considerably because people sell their altcoins to buy bitcoin and there are few people who are buying bitcoin using their debit cards.




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October 03, 2019, 09:24:22 PM
 #14

some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

I share this sentiment about the market right now. Although I think we may not get as low as $7000 and the value might actually surpass $10000, buy I doubt it'd go far beyond that, probably as high as $12k. But we may not see an extended bull run for the rest of the year.

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October 03, 2019, 10:14:46 PM
 #15

I am thinking that Black Friday and Cyber Monday sale that is happening this last quarter of 2019 might at least give Bitcoin a little boost for the remaining months of 2019. Same with the demand that it will have in buying gifts in the holiday season which is December. There are online sites out there that might run an exclusive sale for those who will use Bitcoin to buy items online. Cyber Monday falls on December 2 for this year.
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October 03, 2019, 10:16:41 PM
 #16

Although I think we may not get as low as $7000 and the value might actually surpass $10000, buy I doubt it'd go far beyond that, probably as high as $12k. But we may not see an extended bull run for the rest of the year.

$7000 is legit one dump away. It's the next support barrier I see will prove to be holding strong for while, but depending on how much ammo sellers still have, we might be heading even lower than that. In terms of percentages, I would say 25% chance of a +$9000 visit and 75% chance of a low $7000 visit.

$12,000 is wishful thinking at this point with how moving averages are pointing down and will form a major burden to more short term price growth. Any move above $10,000 will change the market dynamics for the better, and I'm not sure how willing bears are to allow that to happen. They'll prevent that from happening well before bulls start to get excited about a trend reversal.

My most optimistic call is to not drop lower than $6000 this year. Don't underestimate how most people think when it comes to assets that go down; they usually don't touch anything that goes down.
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October 03, 2019, 10:55:48 PM
 #17

It can rise into 2020 sure but I think a rise next year is more likely, main markets themselves are more challenged at the moment and I think BTC is an expansionary member of the market rather then gaining in the fear withdrawal type phase to markets.    People on leverage in their accounts will close out many positions including Bitcoin even though crypto might be fine in theory, those who speculate with leverage do have involvement here and we will likely need to lose more of those people before we can say the selling is over for this season.

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October 03, 2019, 11:30:22 PM
 #18

I am thinking that Black Friday and Cyber Monday sale that is happening this last quarter of 2019 might at least give Bitcoin a little boost for the remaining months of 2019. Same with the demand that it will have in buying gifts in the holiday season which is December. There are online sites out there that might run an exclusive sale for those who will use Bitcoin to buy items online. Cyber Monday falls on December 2 for this year.
Maybe that could trigger the price move over the last month of the year. Everytime the end days used to show good signs of growth, but this isn't a promised rule. Most of the time here it gets initiated and continues through the new year. More chances for the price to reach $15000, but it all depends upon the speculations and the game played by the whales.

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October 03, 2019, 11:44:12 PM
 #19

We have been having a lot of debate on where the trend might be shifted to in terms of BTC price. The highest price this year almost reaches $14000, while the majority still believe that we might still get back to this price and even surpass that level, some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

That rise to $13,000 was unexpected in my opinion and it's pretty obvious that there's a lot of FOMO that time and put the market in oversold position. So obviously, we did trade sideways after reaching that price and then follow by the sudden flash crash.

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.

Of course who wouldn't want the price to go $13,000-$14,000, however, I wouldn't put too much expectations though, the bakkt launched was supposedly the new catalyst, but the opposite did happen. So I would just advise not to set any more belief that something might happen big at the end of 2019. Perhaps a good 5 digit price would be a enough, IMHO.

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October 04, 2019, 07:06:11 AM
 #20

Anything is possible in the cryptocurrency market, a return of $ 14,000 at the end of the year is entirely possible. I personally think that Bitcoin will cost $ 12,000 by the end of 2019.


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