Bitcoin Price Could Soon Surge by 20%?

[beerlover]

Looking at how we are at around 8300 right now that would mean the price would be around 9900 and I do not think price will ever be around those levels. Not that it won't go up, it will definitely go up, either now or later but it will definitely go up. But, in order to go up 20% we would have to go up to 9900 and stop there which looks impossible since it is neither a support level nor a resistance level.

So, it could potentially go up to 9400 and stay there (a bit higher to make sure it is not testing the support all the time, so 9.5 is more likely) or it would go to 10.6k because that is the next one. So, if the price is going up, then it is either going up to 9.5 or to 10.5 levels, anything around there would be fine but if it is in between those levels like 9.9 then it will not stay there for too long.

[Hypnosis00]

The market chart still showing downfalls trend instead to see prices moving up. To see how the current situation is, I'd never think for the market to make a big high but ( maybe) big lows. Not possible that we go down deeper this year probably at $6500 (but not it goes down deeper than that) or it moves higher ( but not it go far beyond $12000). I can't that the market will turn great this year, it is a miracle if that will happen.

[Reid]

It could. 7k had been my lowest ever since.
But arent we seeing a great refusal from bitcoin now which is can withstand all the FUD and even if there is a new currency being hyped like Bakkt it is still staying on a number we could be proud of.

If it goes that deep then I am really buying. It may be the last time that we will see bitcoin at a cheaper price. Opportunities.

[bitgolden]

Bitcoin has bottomed now, so there is every possibility that bitcoin will surge within some weeks’ time as speculated by you and every other few people that I have watched their analysis some days back. The last decline was a very big one which I believe that the time it dropped below $8000 was the time it bottomed and we have now reached the level where the next market reaction will a bullish one.

There are some people that thinks otherwise and I don’t know if I should just term that as unnecessary fud news or there is possibility for it, but the indicators that I am using is pointing toward the direction of having a bullish trend, what I cannot then say is if this bullish trend will come with a long high value or a short increase. Whatever the case is, the future is here and will tell.