Bitcoin go to $8000 soon look this fractal

[Darooghe]

I think the bottom could be in.  Since we are approaching the halving in a few months, I expect Bitcoin’s price to start to increase soon an double by the halving.

I don't think so. the price is determined by the available supply. today there are over 18 Million bitcoins available. those coins are setting the market price. Next halving will be about 330,000 coins in a year as reward. so what miners will mine in a whole year at today's prices or volumes will be traded in couple of hours. So the idea of a halving which should have influence on the price will be much more a human brain factor than a real market demand and supply factor.

[coinfinger]

Uncertain about this specially we are yet to start the last month of the year. Because usually price starts to change at the end or in the middle of December. I am not saying it is not possible but the thing is, it become norm to the point that it happens every year. Though still hoping for market's fast recovery. Pushing upwards ain't that tough since halving is near to come.

I was anticipating the same as you, the price increase by the start of December and then some steep hike until January after which it gradually goes down to an average higher value.

Talking about the fractal I believe while its indicative that the price should recover quickly but I think it's not necessary that it will be touching the heights as expected by the fractal. I am quite sure by the end of this month we will see a good price on the market, but since everyone is anticipating this hence it might not go as high as it usually does. Just my own speculation.

[pamsugas]

Udpdate fractal by pamsugas

I just discovered this fractal
bitcoin 1D at end of 2018 VS 4H at end of 2019
this is very similar if we follow this fractal bitcoin is likely to fall to 6800 then it can return up to above 8000.

[buwaytress]

Udpdate fractal by pamsugas

I just discovered this fractal
bitcoin 1D at end of 2018 VS 4H at end of 2019
this is very similar if we follow this fractal bitcoin is likely to fall to 6800 then it can return up to above 8000.

I don't know man, still too short a time frame and just based on one dataset. Like I keep telling people, you search hard enough for a pattern and you'll find it. The 6800 line anyway though is well recognised at this stage. I thought we would already be testing beyond that even 2 weeks ago but the price movements these 2 weeks have been really strange. And look at how tight. Think even yesterday or the day before we were seeing $100 in the range. Take away the spikes and it was more like in a $50 range.

Trading on weekend's so far insipid too.

[The Sceptical Chymist]

I think everyone should know this fractal, bitcoin is already below and will soon recover quickly above $ 8000.

How soon is soon?  The OP's post above was written a couple of weeks ago, and it looks like we might be headed toward sub-$7000 levels very, very soon.  Bitcoin is at $7053 as I'm writing this.

This is a good example of why I don't look at charts and why I rarely make serious predictions about bitcoin or anything else.  Those patterns you see sometimes don't tell you the truth of what's really going to happen.  And I even figured bitcoin would be going above $8k soon, too, even without seeing the snippet of a chart that OP included.  Oh well, that's bitcoin for ya.

[pixie85]

The fractal didn't play out but there's so many things in play lake seasons, news and such that you can't rely on a single indicator. We're in a good buy zone if you believe this index https://alternative.me/crypto/fear-and-greed-index/#fng-history It's been constant fear since August. This was the last fairly greedy month on the charts.
Historically when it hit 20s it always was a good buying opportunity.

Longs were very high in the last few days so we could be witnessing a long squeeze right now. If it's so we shouldn't panic but rather buy.

[onyek16M]

THIS IS A VERY BEAUTIFUL FRACKTAL BY @Stillman_Crypto




I think everyone should know this fractal, bitcoin is already below and will soon recover quickly above $ 8000.
I found this chart on https://www.newsbtc.com/2019/11/27/eerie-bitcoin-fractal-suggests-bottom-6600-surge-8000/

i don't believe with prediction by chart or fractal etc, its just opinion will really happen or nothing happen. i just see condition present on market. now bitcoin price going to down? make so far to above $8000.. look the market now its difficult to bitcoin reach more $8000

[Zemomtum]

Well, Bitcoin has been ranging between 7k for almost a month now. I will not be surprised to any move towards 9k before the end of the year.

[karanggatak]

everything is possible in the bicoin market. at the moment the price of a $ 7400 bitcoin is actually just waiting for $ 600 we can reach $ 8,000. but if the bitcoin market like this goes up and down it will be quite difficult to be able to reach $ 8,000.
a few days ago the price of bitcoin has reached $ 7800 then dropped again to $ 7200. the bitcoin market is very volatile.

That's the only thing we can expect as volatile market keeps moving up and down. We can't say whatever directions this flow will bring our investment
but keep hoping for the best and be ready at the worst. There's always good possibilities that it will go up before it will dump down again. Good assessment and a patience to keep yourself surviving inside the market.

yes you're right therefore I always say we have to prepare a strong mentality before investing in bitcoin. we must always be ready when the value of bitcoin goes up or down. and now the value of bitcoin is declining $ 7100 we hope the value of bitcoin can go up to $ 8000 but in reality the value of bitcoin has actually decreased. in my opinion until the end of this year the value of bitcoin will probably fall to $ 6500. This is a great opportunity to increase our bitcoin and then hold it until pumping bitcoin in 2020.

[marcous]

THIS IS A VERY BEAUTIFUL FRACKTAL BY @Stillman_Crypto




I think everyone should know this fractal, bitcoin is already below and will soon recover quickly above $ 8000.
I found this chart on https://www.newsbtc.com/2019/11/27/eerie-bitcoin-fractal-suggests-bottom-6600-surge-8000/

currently, the price of Bitcoin is still at 7000 USD, and we can see that there are no signs of an increase yet. difficult to reach 8000k in the near future I guess, considering the volume is also reduced. no one knows what will happen at the end of 2019. more and more speculation arises which makes public opinion even more difficult to trust it.

[sovie]

Our target for bitcoin has dropped from 20,000$ to 8000$. Since 8000$ can give some relief to the stressed crypto community. But it didn't look like bitcoin may recover back to 8000$. Every time I saw Bitcoin, I saw him in red. Its already fallen to 7100$ and still going down.

[monineklutak]

Our target for bitcoin has dropped from 20,000$ to 8000$. Since 8000$ can give some relief to the stressed crypto community. But it didn't look like bitcoin may recover back to 8000$. Every time I saw Bitcoin, I saw him in red. Its already fallen to 7100$ and still going down.

bitcoin is still stuck in support, $ 7100 hopefully in the next few days it can return to $ 8000. calm down there is still a chance for that,
so don't worry you can monitor it, if bitcoin drops below $ 7000 you can sell it

[Rasa nanas]

I have a different analysis, in my opinion the price of bitcoin will remain stable in the $ 7k price range until the new year. if after the new year the price of bitcoin shows a positive trend the price of bitcoin will reach $ 10k quickly, but conversely if the trend goes down the price of bitcoin can return to $ 5k.

[exstasie]

I don't know man, still too short a time frame and just based on one dataset. Like I keep telling people, you search hard enough for a pattern and you'll find it.

That's fractal analysis in a nutshell. It's classic curve-fitting.

Longs were very high in the last few days so we could be witnessing a long squeeze right now.

I've never seen anything like it. Longs on Bitfinex are skyrocketing, continuing to make new ATHs daily. Shorts finally spiked up 50% today too but longs are in a different universe. The ratio has never been this out of balance.

If the November low is breached, I have to think a long squeeze will trigger.

[yulionoo]

I have a different analysis, in my opinion the price of bitcoin will remain stable in the $ 7k price range until the new year. if after the new year the price of bitcoin shows a positive trend the price of bitcoin will reach $ 10k quickly, but conversely if the trend goes down the price of bitcoin can return to $ 5k.

yes i agree with you i also have the same prediction. Right now we are in mid-December and the value of bitcoin is actually continuing to decline. I think it will be difficult for bitcoin to reach $ 8000 by the end of this year. and in my opinion the value of bitcoin will remain at $ 7,000 or maybe drop to $ 6500 by the end of this year. and after this dump bitcoin began to enter the bear market. these two years we are on the bear market, hopefully next year is a good year for bitcoin and cryptocurrency.

[Bossian]

I hope people can stand back and realize how good January and February were.

This topic is a proof of that. 8k was achieved relatively easily. From 8k we reached 9k easily too (I personally sold at 9k and missed the 10k area but who cares? A profit is still a profit).

With what's happening today with Bitcoin going below 6.4k, I wouldn't take any quick decision. It's quite simple to make money with Bitcoin swing trading but I prefer to avoid these periods of quick price action. Too much emotion in the market right now.