Bitcoin Price Moving Towards $9500 Mark

[Silberman]

It seemed like that price uptrend did not push through, bitcoin drop below $8k and now its trading at $7300 only, its could rise to $9500 this year I guess but we again need a big pump, I am not really sure if there's something like good news or hype that would again bring the price back up, but if we will not end at that range, don't worry there's still next year where the halving schedule is so significant to help the price rise.

The last days have been very positive for bitcoin but despite all of this the price is still only at 7500 and we are far away from the price that you are expecting of 9500 and that is a real problem because if the price keeps going down then I will not be surprised if many of the people that entered this market during this year get scared and prefer to leave the market making the possibility of any bull run coming during 2020 very small to the point that it could become impossible.

[bitbunnny]

Maybe at certain moment it seemd that price is heading towards 9000$ or more but it.pushed back again. Nothing unusual but I think that we can't expect another biger price rise this year. There is not much time left and we would need continuous and steady price rise which is not likely to happen. By the end of the year it will probably stay in the range between 7000$ and 8000$ without significant changes.

[STT]

First target to beat is 7700 which is a long trend of declining prices but it is quite positive short term over the last few days, it reset but then recovered above the 8 day average again.



So blue line is 8 day and its beaten some negative trend if not yet fully recovered itself.   Its debateable if it can get 9000 before the year end but Bitcoin is very volatile and its hard to say it wont but theres alot of work for it to hold in that area from here.

[Yamifoud]

It is quite enough to justify that the market remains to be unpredictable all the time. We could witness another drop-off if past days but we are turning back and headed for another $10k sooner. Though it seems hard to make this year, and the possibility will be able to make another big run early next year before halving is than. But people are still hopeful that it will hit and see a bullish market again.

[Kemarit]

I guess $8000 should be the target at least at the end of the year. There have been several humps along the way though, and it seems that $7600-$7800 is a big psychological barrier in front of us. Looking back at last year, we have some minor rallies approaching Christmas or least weeks before.

So I won't be surprised if we touch $8000 this year, but we don't know if it's going to be sustainable as we approach 2020. I'm sure lots of crypto investors are very positive in 2020 because of the block halving event. So patience is still the key here, whether was price the market is offer at the end of the year.

[UmerIdrees]

I guess $8000 should be the target at least at the end of the year. There have been several humps along the way though, and it seems that $7600-$7800 is a big psychological barrier in front of us. Looking back at last year, we have some minor rallies approaching Christmas or least weeks before.

So I won't be surprised if we touch $8000 this year, but we don't know if it's going to be sustainable as we approach 2020. I'm sure lots of crypto investors are very positive in 2020 because of the block halving event. So patience is still the key here, whether was price the market is offer at the end of the year.

Bitcoin is too much volatile. This current price is 7500$ and it can pump to 8000$ in an hour or it can take weeks before it reaches this mark. This is how much uncertain bitcoin prices and no one is able to guess it correctly.

[AakZaki]

if I read the title of the bitcoin thread it can move towards $9500, if only words like that anyone can say "bitcoin can go to $10,000". I think it would be better if your words were accompanied by ideas, for example adequate technical analysis or good news about Bitcoin or others.  so you're not like psychics who can only guess the price just like that.

[Capt00]

Believe to the moment will come that the market will show some huge pumps next year, not only just reaching into $9.5k mark but eventually, we can make more than that if investors will give their trust and strong support in crypto. Not possible that we are able to make another ATH but the problem is we don't know when and I don't think that people are still having the patience for that.

[barabarian1]

now we are at the end of the year and the value of bitcoin is stable at $ 7000 - $ 7500. I think bitcoin won't be able to reach $ 9500. the last two months bitcoin has continued to decline and I think this is the work of whales who want to buy bitcoin at a cheaper price. hopefully next year bitcoin starts to enter the bull market and pump up.

[slaman29]

Believe to the moment will come that the market will show some huge pumps next year, not only just reaching into $9.5k mark but eventually, we can make more than that if investors will give their trust and strong support in crypto. Not possible that we are able to make another ATH but the problem is we don't know when and I don't think that people are still having the patience for that.

I believe you, but I already believe we'll get to 10k. Not just because of any pump but because price naturally must hit 10k again in the medium term. ATH is another story and it's one that is possible in 2020 but I believe is more likely in 2021 if not even the following year. Remember once we break ATH all hell will break loose. BTC needs to be strong for that moment otherwise it will fall even worse than 2018.

[alani123]

I doubt that we'll see such levels f support around 9.5k soon. Perhaps it'll take another quarter for such prices to be reached. I think that there's too much selling pressure from recent downturns when lower prices were reached and the BTC/USD markets sustained levels there even for a while. There's BTC to be offloaded also from times when where volumes were large at bigger prices. Profit taking and selling pressure would keep a bull run from taking off at a fast pace IMO.

[Silberman]

I guess $8000 should be the target at least at the end of the year. There have been several humps along the way though, and it seems that $7600-$7800 is a big psychological barrier in front of us. Looking back at last year, we have some minor rallies approaching Christmas or least weeks before.

So I won't be surprised if we touch $8000 this year, but we don't know if it's going to be sustainable as we approach 2020. I'm sure lots of crypto investors are very positive in 2020 because of the block halving event. So patience is still the key here, whether was price the market is offer at the end of the year.

Bitcoin is too much volatile. This current price is 7500$ and it can pump to 8000$ in an hour or it can take weeks before it reaches this mark. This is how much uncertain bitcoin prices and no one is able to guess it correctly.

You are correct about the price being very volatile but we should not depend on that volatility for the long term growth of bitcoin, every time that we see such huge candles most of the time the price instead of continuing its movement in that direction what we see is a correction on the opposite direction, most of the time going back to where the movement started, however a price of 8000 at the end of the year is not really that hard to reach because we still have a few weeks left during this year.

[Triffin]

I guess $8000 should be the target at least at the end of the year. There have been several humps along the way though, and it seems that $7600-$7800 is a big psychological barrier in front of us. Looking back at last year, we have some minor rallies approaching Christmas or least weeks before.

So I won't be surprised if we touch $8000 this year, but we don't know if it's going to be sustainable as we approach 2020. I'm sure lots of crypto investors are very positive in 2020 because of the block halving event. So patience is still the key here, whether was price the market is offer at the end of the year.

Bitcoin is too much volatile. This current price is 7500$ and it can pump to 8000$ in an hour or it can take weeks before it reaches this mark. This is how much uncertain bitcoin prices and no one is able to guess it correctly.

You are correct about the price being very volatile but we should not depend on that volatility for the long term growth of bitcoin, every time that we see such huge candles most of the time the price instead of continuing its movement in that direction what we see is a correction on the opposite direction, most of the time going back to where the movement started, however a price of 8000 at the end of the year is not really that hard to reach because we still have a few weeks left during this year.

Yeah if we see market is on good moves of correction we should take more part in increasing it even more. We should buy now as price is getting higher than $7k i hope this process will continue and we will Be able to see huge pump this year. In crypto time to buy and to sell should be accurate only then we will be able to get real profit from it that’s why keep your eyes on market.

[bitbunnny]

Currently it looks like we are closer to 7000$ than 9000$ or more. I don't even think that 9000$ is possible this year, if the price goes back to 8000$ or a bit above that will be a good sign, everything above that value would be a surprise. I don't expect some bigger price rise at the begininig of the next year either.

[Silberman]

Currently it looks like we are closer to 7000$ than 9000$ or more. I don't even think that 9000$ is possible this year, if the price goes back to 8000$ or a bit above that will be a good sign, everything above that value would be a surprise. I don't expect some bigger price rise at the begininig of the next year either.

During the last day the bears tried once again to make the price of bitcoin to go below 7000 and they were very close to get their goals but then the bulls reacted and made the price to go up 100 dollars still we are very close to the 7000 dollars mark and I will not be surprised if during the next weeks we see yet another attempt by the bears to try to break that resistance level and make bitcoin to go down in price again before the end of the year comes.

[Wexlike]

Currently it looks like we are closer to 7000$ than 9000$ or more. I don't even think that 9000$ is possible this year, if the price goes back to 8000$ or a bit above that will be a good sign, everything above that value would be a surprise. I don't expect some bigger price rise at the begininig of the next year either.

Of course we are closer to 7000$. Just 100$ shy away. But we're at the buy the lows region. So it's fun if you have some paper money on the sideways for next years (stable) bull.

[altcointalk14]

Is Bitcoin going to $9200?  
There are more such predictions. I suggest to make a separate forum for bitcoin price prediction where we see and analyze predictions made by different members. That will be a great way to prove that there is no one who can accurately predict the bitcoin future price.

[cutesgirl]

Is Bitcoin going to $9200?  
There are more such predictions. I suggest to make a separate forum for bitcoin price prediction where we see and analyze predictions made by different members. That will be a great way to prove that there is no one who can accurately predict the bitcoin future price.

Although have thousand prediction with bitcoin there are not one correctly prediction with bitcoin price, many people have believe bitcoin have higher price on next year but look today bitcoin keep under $7000, never waste time for reading many bullshit prediction because I think is not good our source for trading and investing with bitcoin, just trying with our self analyze with bitcoin and altcoin price.

[Slow death]

Is Bitcoin going to $9200?  
There are more such predictions. I suggest to make a separate forum for bitcoin price prediction where we see and analyze predictions made by different members. That will be a great way to prove that there is no one who can accurately predict the bitcoin future price.

Technical analysis is not a forecast of the future, but a pattern analysis to try to predict the next move. the analyst are not predicting the future. And if we look closely, there are several times that the analyzes are correct. For example in the present case: if the $7000 support is broken we will see the price of $ 6800. This is a prediction that may or may not materialize.

[error08]

First target to beat is 7700 which is a long trend of declining prices but it is quite positive short term over the last few days, it reset but then recovered above the 8 day average again.



So blue line is 8 day and its beaten some negative trend if not yet fully recovered itself.   Its debateable if it can get 9000 before the year end but Bitcoin is very volatile and its hard to say it wont but theres alot of work for it to hold in that area from here.

Seems bitcoin will drop below $7K instead of trying to break the resistance level above $7500. While we've entering the mid-December but the market shows that more seller than the demand to buy, which mean the price will continue to decline.


source