20K by March, A positive Look at the market.

[topbitcoin]

Thanks a lot @mikeywith for taking the time to post this amazing analysis here. I am not actually technically-gifted person but your post seems easy to catch up. I am expecting that by next month Bitcoin can try to break the $9900 level and from thereon until the end of December we can be moving sideways. Do you think that can be possible based on your charts?

I believe we will touch 20k before halving but fail to break it until after. This is in line with my belief.

Everyone believes that bitcoin will really touch again the price of 20000$ but we still not sure that it will happen in the end of this year or even in the year 2020. As of now the price of bitcoin are now near to fall 7700$ which when it might result to another bear market because it will keep on falling down. I guess the bitcoin halving will be the big event that can bring new bull market to us.

It will not a long time for bitcoin to reach $20,000 if the market is ready as we have seen over 30% in crease overnight during the bull run ans we are just a bull run away from those magical numbers but again the worst part it we don't know when as I am sure $8,000 is not the permanent value of bitcoin as it will pump but not sure when.

Come on, guys, this is the fourth quarter of the year with no bull run in the market yet. Don't forget the market normally goes down during Christmas and New year. Forget the charts, I don't actually see a reason why bitcoin price will reach $20,000 by the end of the first quarter 2020 why not even third quarter? Do you even have a reason for the pump? the price doesn't just get pumped like that

Only halving is my reason why i sure bitcoin price will increased. Maybe there will be accumulate phase after it down on christmas and new year like what you said. But if next halving really can bring bitcoin price like in last halving, maybe it is time bitcoin to increased it's value.

[1714699475]

1714699475

[1714699475]

1714699475

[1714699475]

1714699475

[syamster]

Thanks a lot @mikeywith for taking the time to post this amazing analysis here. I am not actually technically-gifted person but your post seems easy to catch up. I am expecting that by next month Bitcoin can try to break the $9900 level and from thereon until the end of December we can be moving sideways. Do you think that can be possible based on your charts?

I believe we will touch 20k before halving but fail to break it until after. This is in line with my belief.

Everyone believes that bitcoin will really touch again the price of 20000$ but we still not sure that it will happen in the end of this year or even in the year 2020. As of now the price of bitcoin are now near to fall 7700$ which when it might result to another bear market because it will keep on falling down. I guess the bitcoin halving will be the big event that can bring new bull market to us.

It will not a long time for bitcoin to reach $20,000 if the market is ready as we have seen over 30% in crease overnight during the bull run ans we are just a bull run away from those magical numbers but again the worst part it we don't know when as I am sure $8,000 is not the permanent value of bitcoin as it will pump but not sure when.

Come on, guys, this is the fourth quarter of the year with no bull run in the market yet. Don't forget the market normally goes down during Christmas and New year. Forget the charts, I don't actually see a reason why bitcoin price will reach $20,000 by the end of the first quarter 2020 why not even third quarter? Do you even have a reason for the pump? the price doesn't just get pumped like that

Only halving is my reason why i sure bitcoin price will increased. Maybe there will be accumulate phase after it down on christmas and new year like what you said. But if next halving really can bring bitcoin price like in last halving, maybe it is time bitcoin to increased it's value.

yeah everybody is sure that halving will ring positive changes in bitcoin price and i think after this halving the price of bitcoin will become very high, so now a days it is a chance that the price of bitcoin is very low as at this price the accumulation of bitcoin will be very useful for the future and bitcoin will bring more profit.

[topbitcoin]

Thanks a lot @mikeywith for taking the time to post this amazing analysis here. I am not actually technically-gifted person but your post seems easy to catch up. I am expecting that by next month Bitcoin can try to break the $9900 level and from thereon until the end of December we can be moving sideways. Do you think that can be possible based on your charts?

I believe we will touch 20k before halving but fail to break it until after. This is in line with my belief.

Everyone believes that bitcoin will really touch again the price of 20000$ but we still not sure that it will happen in the end of this year or even in the year 2020. As of now the price of bitcoin are now near to fall 7700$ which when it might result to another bear market because it will keep on falling down. I guess the bitcoin halving will be the big event that can bring new bull market to us.

It will not a long time for bitcoin to reach $20,000 if the market is ready as we have seen over 30% in crease overnight during the bull run ans we are just a bull run away from those magical numbers but again the worst part it we don't know when as I am sure $8,000 is not the permanent value of bitcoin as it will pump but not sure when.

Come on, guys, this is the fourth quarter of the year with no bull run in the market yet. Don't forget the market normally goes down during Christmas and New year. Forget the charts, I don't actually see a reason why bitcoin price will reach $20,000 by the end of the first quarter 2020 why not even third quarter? Do you even have a reason for the pump? the price doesn't just get pumped like that

Only halving is my reason why i sure bitcoin price will increased. Maybe there will be accumulate phase after it down on christmas and new year like what you said. But if next halving really can bring bitcoin price like in last halving, maybe it is time bitcoin to increased it's value.

yeah everybody is sure that halving will ring positive changes in bitcoin price and i think after this halving the price of bitcoin will become very high, so now a days it is a chance that the price of bitcoin is very low as at this price the accumulation of bitcoin will be very useful for the future and bitcoin will bring more profit.

If people still have money and really afford it, i think it is worth to do. At least bitcoin investment is safer than must make investment in new projects. And with halving, people already have benchmark or maybe confirmation about news that will make bitcoin price get pumped.

[fullhdpixel]

good chart . hard for make exact prediction but . i agree with  you and i predict that prices of bitcoin can rise above 20000 usd per btc by mid 2020 the most thing important for me is trend that have high probability to be positive

By mid-2020, we would have been having the blocking reward, and I think that the halving them may really push the price of bitcoin to go above the last all time high of 2017/2018. This year has already ended, and I don’t think that we should be expecting any that much again as regards increase, I mean major increase.

The only increase that I could see now is that the market recovering back to the value of $10000 by the end of this year, while the bull run will start fully by next year. It is still speculation though, we just need some good news such as regulation, adoption by very powerful government and we will see that the value does not even have to wait for halving for it to rise, so everything still depends on the fundamentals that will occur at that time.

[SaShiRaJaVu]

The only increase that I could see now is that the market recovering back to the value of $10000 by the end of this year, while the bull run will start fully by next year. It is still speculation though, we just need some good news such as regulation, adoption by very powerful government and we will see that the value does not even have to wait for halving for it to rise, so everything still depends on the fundamentals that will occur at that time.

In the coming years we will see regulations being implemented in the market and i am expecting the market to reach around $10k by the end of this year and i am not expecting any big rally again this year, there is a serious economic slow down around the world and it is to be seen how the bitcoin market will react to that too, everyone is expecting the price to rise after halving but what happens we see a economic crisis is yet to be seen.

[dark08]

good chart . hard for make exact prediction but . i agree with  you and i predict that prices of bitcoin can rise above 20000 usd per btc by mid 2020 the most thing important for me is trend that have high probability to be positive

By mid-2020, we would have been having the blocking reward, and I think that the halving them may really push the price of bitcoin to go above the last all time high of 2017/2018. This year has already ended, and I don’t think that we should be expecting any that much again as regards increase, I mean major increase.

The only increase that I could see now is that the market recovering back to the value of $10000 by the end of this year, while the bull run will start fully by next year. It is still speculation though, we just need some good news such as regulation, adoption by very powerful government and we will see that the value does not even have to wait for halving for it to rise, so everything still depends on the fundamentals that will occur at that time.

I agree to you 2020 halving will bring a good uptrend to bitcoin look at the previous history of bitcoin halving and you will notice that its always a uptrend but like what others always said everything can be change no one will know what will happen but I still believe bitcoin will be back to its all time high.

[mikeywith]

Nothing is out of the ordinary guys.

5-A retest of the 0.5 level (9900$)  > unknown but must happen this month

We still have a few days left for the monthly candle, not closing the month below 7700$ is alone a good indication, close above 9900$ is even a better indication that this analysis might play well.

[wwzsocki]

anip

I am so happy that you provided me the link in the wall observer thread because I found finally a quality discussion about Bitcoin price.

Literally, I thought that nobody is talking about BTC price anymore on this forum, especially in a serious way and without any fooling around.

Bookmarked, watched and set notifications, so I will not miss any single post and hope to be frequently here.

[boltz]

20k$ by march seems optimistic in my opinion but I can see it happen as the charts you've mentioned really look solid and with some evidence to cover your statement. So until next halv we will have Bitcoin ~20k$ followed by a small dip and a projection towards 30k$+ after. What about 2021 ? If 2020 will bring Bitcoin over 20k$ , then 2021 will put it over 60k$ if the price continues to rise at those levels. Time to buy more bitcoin I guess <3

[BChydro]

20k$ by march seems optimistic in my opinion but I can see it happen as the charts you've mentioned really look solid and with some evidence to cover your statement. So until next halv we will have Bitcoin ~20k$ followed by a small dip and a projection towards 30k$+ after. What about 2021 ? If 2020 will bring Bitcoin over 20k$ , then 2021 will put it over 60k$ if the price continues to rise at those levels. Time to buy more bitcoin I guess <3

We can predict all the price and have an optimistic view on the market but the reality will be different, i am bullish on the bitcoin market in the long run but i am not expecting any big returns in the short term, there are many factors that will push the price to new levels and if you take a look at the past historical price after halving we usually see the rally but this time there are regulations in the horizon and all these factors will have an impact on the market.

[bitzizzix]

I am increasingly optimistic about seeing OP and all the posts here about increasing bitcoin to reach $ 20,000 and hopefully becoming a reality.
and all I have to do now is wait and hold it for the next few months to get the maximum profit.

[Chrystora123]

20k$ by march seems optimistic in my opinion but I can see it happen as the charts you've mentioned really look solid and with some evidence to cover your statement. So until next halv we will have Bitcoin ~20k$ followed by a small dip and a projection towards 30k$+ after.

March or maybe at the beginning of April most likely Bitcoin will be priced at $ 20k (based on the chart displayed OP).  and even though the level of accuracy might not be 100% but we must remain optimistic about this prediction.

What about 2021 ? If 2020 will bring Bitcoin over 20k$ , then 2021 will put it over 60k$ if the price continues to rise at those levels. Time to buy more bitcoin I guess <3

most likely yes.. Bitcoin will be priced at $ 50k-60k in 2021 (these are predictions based on theory)

[Serco]

20k$ by march seems optimistic in my opinion but I can see it happen as the charts you've mentioned really look solid and with some evidence to cover your statement. So until next halv we will have Bitcoin ~20k$ followed by a small dip and a projection towards 30k$+ after.

March or maybe at the beginning of April most likely Bitcoin will be priced at $ 20k (based on the chart displayed OP).  and even though the level of accuracy might not be 100% but we must remain optimistic about this prediction.

What about 2021 ? If 2020 will bring Bitcoin over 20k$ , then 2021 will put it over 60k$ if the price continues to rise at those levels. Time to buy more bitcoin I guess <3

most likely yes.. Bitcoin will be priced at $ 50k-60k in 2021 (these are predictions based on theory)

Thats look more rationall for us.bitcoin or cryptocurrency price will not rise alot without good fundamental,and also whales investors will not buying on coin that already overprice.before halving investor will try to accumulate their bitcoin amount  but it doesnt mean they will buy it on any price.and maybe this year we still see btc price below $15k.we hope next year it start moved to $20k and then continue to $50k a year after.

[Darooghe]

People will be selling for tax purposes. There will be crash to $7,000 until end of the year. Minimum will be at Dec 20. For 2020, lets be optimistic, halving and such will shoot up bitcoin somewhere to $30,000 and then we have new runaway bull run to somewhere $50K-$100K. I would consider selling some somewhere around $30,000 if that happens in the next 2 years. However, never sell all your bitcoin, because you never know when the true moon will be happening.

I have only $1,500 invested in bitcoin and I bought at $2,800. so i'm not gonna be rich with bitcoin anyway. Even if it goes to $100,000 I will get like $60,000. so I think the big question next year will be about holding or immediate profit. If the bitcoin goes to $28,000 do I sell it for roughly $15,000 profit or do I hold, knowing that the price always goes down at some point. people who bought at $3,000 then sold at $19,000, and then bought again are the boss in my opinion.

[Capt00]

Nice chart,  I'm also having a positive mind about the market going upthrend movements in beating it's previous all time high,  hopefully bitcoin movements follows your chart, before halving I am optimistic about the price reaching $20k

There’s nothing else to do but to remain positive that bitcoin will bounce back. I know a lot of us now are having second thought or started to lose faith in bitcoin but it good to know that there are still people who remained positive despite the dump. We are seeing a little pump now hopefully it will continue and maybe by March will then reach $20k, after all it’s been a while already that we have been waiting for the bull to come. I really hope 2020 will be another good year for bitcoin.

[error08]

1-A correction all the way down below that 0.786 (blue)  > Done
2-A rejection from the 0.618 > Skipped
3-A rejection from the 0.382 (14k) > Done
4-A retest of the 0.618  at around 7700$ > still confirming.... Done
5-A retest of the 0.5 level (9900$)  > unknown but must happen this month  Done
6-A steady move to ATL ATH in 5 months > unknown

Nothing is out of the ordinary guys.

5-A retest of the 0.5 level (9900$)  > unknown but must happen this month

We still have a few days left for the monthly candle, not closing the month below 7700$ is alone a good indication, close above 9900$ is even a better indication that this analysis might play well.

All indicators seem going in the right direction and now we just have to watch the price steady move to the new ATH in March? Faster than I thought, but we will see in 5 months. If bitcoin can reach at least $13,000 by the end of the year, bitcoin has a higher probability to reach a new ATH, but if the market seems to reject the bull runs, then more likely bitcoin can't make it.

[wwzsocki]

There’s nothing else to do but to remain positive that bitcoin will bounce back...

It should, but only if actual support at 8900-8800$ will hold the selling pressure. This will be the fourth bears' attempt to break the 8900$ resistance level.

If it will not hold, then I am sure the next stop will be at 8300$ because this is the next support. It will be very important, how strong the bears are and to closely monitor volumes.

Usually, if the fourth attempt, to break the support will not succeed, then there is a big probability for a trend reversal.

I see, that already bears started to show the power today and already managed to take the price down after a small spike.

I suppose, today in the night or tomorrow, we will see the bears attacking the support level and this is not so good because it will be at the weekend and BTC doesn't like weekends so much.

[alexsandria]

Great looking on the chart there mate. At least I'll be able to take a bit of relax for a while. I am not saying that I will be going to believe all the way through but I atleast have my hope for an incoming better market. Although bitcoin wasn't all about this chart, specs and prediction but the thing is that we have at least the foundation of hope. Thank you for this by the way.

[mikeywith]

I am increasingly optimistic about seeing OP and all the posts here about increasing bitcoin to reach $ 20,000 and hopefully becoming a reality.

That should be more of a concern to be honest, when the majority agree on one direction, price usually does the opposite   

 

People will be selling for tax purposes. There will be crash to $7,000 until end of the year. Minimum will be at Dec 20. For 2020

How does this make any sense ? why haven't this theory applied in 2017 where price kept going up during year end, same thing goes for 2016, tax volume won't be large enough to change a trend direction, let alone the fact that not everybody does actually pay any tax.

I am so happy that you provided me the link in the wall observer thread because I found finally a quality discussion about Bitcoin price.

Literally, I thought that nobody is talking about BTC price anymore on this forum, especially in a serious way and without any fooling around.

There is a good amount of analysis in the WO thread, but they get buried beneath all the B.S and the memes, that's why I don't usually post there and I like to have my own topic/s , this way I am able to view other traders' idea clearly, I don't usually update my analysis since most of them are on the weekly and monthly frame so it takes a few weeks / months for something to actually happen. welcome by the way.

[exstasie]

I am increasingly optimistic about seeing OP and all the posts here about increasing bitcoin to reach $ 20,000 and hopefully becoming a reality.

That should be more of a concern to be honest, when the majority agree on one direction, price usually does the opposite   

I'd say sentiment is fairly mixed. There's quite a lot of confusion over whether we're in a bear or bull market. Some point to the daily death cross and say last week's rally was a temporary short squeeze. Others believe it was a Wyckoff spring or bear trap scenario and we're now continuing the bull market from earlier this year.

People will be selling for tax purposes. There will be crash to $7,000 until end of the year. Minimum will be at Dec 20. For 2020

How does this make any sense ? why haven't this theory applied in 2017 where price kept going up during year end, same thing goes for 2016, tax volume won't be large enough to change a trend direction, let alone the fact that not everybody does actually pay any tax.

Agreed there, the tax theory is dumb. It's not well founded historically but everybody repeats it every year anyway.

Also not sure about others, but Americans need to make quarterly estimated tax payments on capital gains. I've already made 3 tax payments this year to cover my trading income. There is no "everybody dumps at the same time for taxes" event.

There is a good amount of analysis in the WO thread, but they get buried beneath all the B.S and the memes, that's why I don't usually post there and I like to have my own topic/s , this way I am able to view other traders' idea clearly, I don't usually update my analysis since most of them are on the weekly and monthly frame so it takes a few weeks / months for something to actually happen. welcome by the way.

The Wall Observer moves too fast for me. Any TA is bumped off the last page within minutes.

I started my own thread recently as well: https://bitcointalk.org/index.php?topic=5196072