Bitcoin back to $10k soon according to Bloomberg?

[cheezcarls]

A recently released research paper from Bloomberg has painted a positive picture for Bitcoin heading into 2020. The key takeaways being that the major cryptocurrency should top $10,000 soon and that it will also follow a similar path to gold — which is in an upward trend, currently.

Bloomberg’s Bitcoin outlook for next year has highlighted adoption, a falling supply, and Tether’s influence on the market — all as positives for the price going ahead. More so, with only a few weeks to go, the prediction is that, if Bitcoin closes 2019 at $6,500, “support tilts favorably for 2020.”

Read the full news here

Everyone can predict or claim that Bitcoin and other cryptocurrencies can go or high or low to $X,XXX or so.

Now Bloomberg claims that in their research paper, they think that Bitcoin would really pump back to $10k soon. Of course, they can predict all they want. But let's face it.

Most of the predictions aren't accurate or correct at all. The cryptocurrency market is so unpredictable, that's the truth. We may not know exactly the day Bitcoin and other cryptocurrencies would pump or dump. It may happen in just a minute or a few minutes, an hour from now, few hours later, tomorrow, next week or so.

It's okay to have a positive outlook, but we have to face the reality. But let's just hope for the best though.

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[CaVO32]

you are very right, they can predict all they want but sometimes the reality is different. but of course, we all want to have increasing trend especially in bitcoin.
most of the studies or research can't exactly give the numbers but such price level actually is very feasible to happen. $10k is very achievable, we can even get that level within 24 hrs or so. this is the drawback in crypto, the price volatility is very high.

[Oasisman]

Well, I hope everyone is aware of the "main" purpose of these predictions is to to change the market sentiments. Positive news/predictions can influence the retail investors and traders, so does the negative news.
These predictors doesn't really know how would the market will behave in the next hours, days, or months. They are only supporting their claims with some convincing TA's and market movement analysis to make it more believable. Neverthless, only the investors attitude could make the price move in both directions.

[CryptoBry]

Now Bloomberg claims that in their research paper, they think that Bitcoin would really pump back to $10k soon. Of course, they can predict all they want. But let's face it. Most of the predictions aren't accurate or correct at all. The cryptocurrency market is so unpredictable, that's the truth. We may not know exactly the day Bitcoin and other cryptocurrencies would pump or dump. It may happen in just a minute or a few minutes, an hour from now, few hours later, tomorrow, next week or so. It's okay to have a positive outlook, but we have to face the reality. But let's just hope for the best though.

Just another good prediction of what can happen with Bitcoin soon but makes this really different is that the one making the prediction is Bloomberg which is more credible compared with many known personalities who already spewed their opinions and ideas as to where Bitcoin is going. We know those personalities are and there is no need to mention here. So the question is: Should we listen and listen just because it is Bloomberg who said so? Well, that all depends on the person reading it. As for me, I believe that Bloomberg can be carrying a weight but still it is the market that will determine the fate of Bitcoin in the next few months.

[senin]

In any case, Bitcoin should return to the price of $ 10,000. This is not a problem for him. He has already overcome this price mark many times. Even this year, in the second quarter, it quadrupled in price, reaching $ 13,500, which was also nothing new to him. It will not even be surprising if it rises again next year to a price close to $ 20,000.

[btc78]

obviously Bloomberg is making ways to have positive approach since bitcoin is continuously losing its momentum.
day after day price keeps falling though it is almost unnoticeable as smaller portion is being fulled daily yet this is a disadvantage .

but hopefully it will happen soon before halving because december is coming yet there is no good indication of growing prices.

[bitcampaign]

many speculations think their analysis is correct, even though so far I have not seen any charts that are truly perfect, I think if they read only from a chart whether the attitude of traders who determine market prices has a lot of time to make prices and look at charts, I think not only is the whale behaving like that, others are optimistic about following the trend, I believe if the price of bitcoin will touch back $ 10000 in the near future

[Sadlife]

Bitcoin needs to overcome the $7,900 level before we can actually say that its going back to $10,000 right now we can't say for certain if its going to get back up. Especially when you see optimism in the market it often leads to a major crash. Right now an imminent break out may come either to the downside or the upside.

[batang_bitcoin]

This is what I fear. When the media gets interested and starts giving positive idea about bitcoin, you should do the opposite thing. I don't know what's inside their research paper but they really are following the market, bear or bull.
I'm thinking about the effect of what CNBC did last time, whenever they broadcast bitcoin to skyrocket, the other way happens.

[YOSHIE]

Everyone can predict or claim that Bitcoin and other cryptocurrencies can go or high or low to $X,XXX or so.

Almost everyone in the world says the same thing, users of Bitcoin.
In 2019, it is not bad to predict the price of bitcoin if it is valued at a mid-year price of $ 4,000, it has now risen to the present level of $ 7,500, I think it's a very positive thing to invest in 2019 if you do in the middle of 2019.

For 2020 there are at least hundreds of predictions that appear in the media. Many say that bitcoin can penetrate beyond the level of $ 10,000, that's very certain and will happen, given that and seeing that bitcoin demand and fans are increasing year by year, I really believe this will happen, like people say it's just a matter of time, just wait.

[AniviaBtc]

Everyone can predict or claim that Bitcoin and other cryptocurrencies can go or high or low to $X,XXX or so.

Almost everyone in the world says the same thing, users of Bitcoin.
In 2019, it is not bad to predict the price of bitcoin if it is valued at a mid-year price of $ 4,000, it has now risen to the present level of $ 7,500, I think it's a very positive thing to invest in 2019 if you do in the middle of 2019.

For 2020 there are at least hundreds of predictions that appear in the media. Many say that bitcoin can penetrate beyond the level of $ 10,000, that's very certain and will happen, given that and seeing that bitcoin demand and fans are increasing year by year, I really believe this will happen, like people say it's just a matter of time, just wait.

Bitcoin still needs a lot of time to recover or go beyond its peak. Year 2018 really won the highest range of $10,000 and holders are looking forward for it yo happen again. As what you've said it increases year by year but, also consider that not every year is a positive year for btc.

In reality, there is a downward movement in the chart. Market is very volatile and unstable. But as a bitcoin fan, we also look forward for the bitcoin to become high again, 8 to 10 years from now. Always observe the chart for the predictions because nothing is sure in cryptocurrency but you need to be patient and discipline for you to be ready when the bitcoin becomes the star again.

[vintages]

Bitcoin price prediction will always be rampant but no-one can ever give an exact price tag or when it will happen.
Somehow, it kinda sad and good at the same time.
It's sad because many investors would love to know when the price will increase and the exact price for good investment. Also its a good thing because unpredictable price means less manipulation from the the whales.
I have learn to become less curious of the price cause I look at the future price and not now.

[Slow death]

no offense, but saying "soon reached $10,000" is something anyone can say, I looked at their report here:

https://data.bloomberglp.com/professional/sites/10/Bloomberg-Crypto-Outlook-Dec-2019.pdf

predict that the price could reach $10,000 next year is something that anyone can get right, I believe if some bet site bet if the price may or may not reach $ 10,000 next year all people would get it right and the site would go bankrupt. The arguments used in the report also bring nothing new. I would say they are looking for protagonism.

[znation]

Perhaps they correctly predicted this growth, the market will return to the price of $ 10,000, but the prediction may be wrong at the time it depends on the demand of buying and selling in the market and how to pump prices, they Believe it is true and wait for the time they say.

[ene1980]

Everyone can predict or claim that Bitcoin and other cryptocurrencies can go or high or low to $X,XXX or so.
Now Bloomberg claims that in their research paper, they think that Bitcoin would really pump back to $10k soon. Of course, they can predict all they want. But let's face it.

Anyone can predict anything they want and the market is not fine tuned to move according to any prediction, it looks like a paper research that they needed to see and not the price that the market could be. The funny aspect here is there is no time limit for soon and everyone knows that the price will move to $10k but have no clue when.

Most of the predictions aren't accurate or correct at all. The cryptocurrency market is so unpredictable, that's the truth. We may not know exactly the day Bitcoin and other cryptocurrencies would pump or dump. It may happen in just a minute or a few minutes, an hour from now, few hours later, tomorrow, next week or so.

None of the prediction will work and if you make a prediction that the price will go up and down and does not give a time limit, everyone can come up with a prediction like that because the market will go in either direction and even kinder garden kids can predict these market movements, all we can do is speculate that the market will move higher and hopefully the market moves according to our wish.

[Fatunad]

Many of us here are expecting the btc to rise again and $10,000 is a realistic prediction for the coming months. Positive news like this from bloomberg is what we need to boost the market and make another run.

[CarnagexD]

no offense, but saying "soon reached $10,000" is something anyone can say, I looked at their report here:

https://data.bloomberglp.com/professional/sites/10/Bloomberg-Crypto-Outlook-Dec-2019.pdf

predict that the price could reach $10,000 next year is something that anyone can get right, I believe if some bet site bet if the price may or may not reach $ 10,000 next year all people would get it right and the site would go bankrupt. The arguments used in the report also bring nothing new. I would say they are looking for protagonism.

There is nothing new with these predictions. How many times this question was asked? a hundred? a thousand times. I did not see the price come up to $10000 this year amidst the mass predicted it to happen, so what's the point here? The intention of prediction announcement hides to words of positivity, they are trying to manipulate people to behave in the market for their personal interest. Hence everyone can predict it and has the chance to predict it correctly tho.

[pakhitheboss]

Almost all studies or research which is related to Bitcoin price speculation have failed miserably. The cryptocurrency market is highly volatile and small technical analysis does not work here. I have heard so many of these research that I have stopped looking into them. Whatever they have analyzed I know will eventually happen. When it will happen? is the question.

[michellee]

Many people predict the same as Bloomberg, but no one will know when it's happening. They can only say that the next year, bitcoin will increase but we need to wait again and again. We will see the volatility of the market this month, and I guess that it will be the same in the next year. But bitcoin will have time to increase higher although we don't have the right time when it grows. We can wait and buy bitcoin, and then hold again for some time. Or we can use that bitcoin to trade so we can add more bitcoin as the profit.

I am sure that many people would love to hold their bitcoin while they wait for the price increase higher. We will see that time, and if we already have many bitcoin, we can sell it at the highest price.

[MURONDI]

no one knows the future, and there are no predictions that are 100% accurate, I hope the prediction is correct and bitcoin can rise above 10k, after a sharp fall in bitcoin, many traders panicked, hopefully now is entering the beginning of the upward trend.

[Shasha80]

My advice is not to believe too much with other people's predictions, even though what makes predictions is big media like bloomberg. Because
no one can predict the price of bitcoin accurately, as we know the price of bitcoin is very volatile. So changes in prices can change suddenly. This
makes it difficult to predict, all we have to do is to analyze the market regularly. So we can anticipate if the price of bitcoin changes suddenly.
Indeed there is truth in predicting bloomberg in the near future it is likely that bitcoin reach the price of $ 10,000. If we see the price of bitcoin
which has begun to stabilize at the price of $ 7200- $ 7500 this is indeed a sign that bitcoin will soon towards the price of $ 8000, from there
bitcoin will continue to rise to the price of $ 10,000.

[Eugenar]

Well, that is quite possible to happen, we all know how the market of bitcoin behaves, and having a low market price in the nearly December last week will be the indication that the bullish phase from the halving impact even though not yet happening, will be experienced. Some are getting worried from the last months downtrend, and I think we need to hit the lowest dip and to take advantage of its opening for us to clearly be in a state of oversold, so the market will be then profitable.

[peter0425]

while i know that bloomberg is just giving prediction here still i will be positive on this one.for so many threads mostly FUD and negatives about bitcoin why not be happy in posts like this?

if this means after halving?then i would love to wait for a year or two since the effect will surely take longer than expected just like the past halvings that we had.

[Distinctin]

Well, I hope everyone is aware of the "main" purpose of these predictions is to to change the market sentiments. Positive news/predictions can influence the retail investors and traders, so does the negative news.
These predictors doesn't really know how would the market will behave in the next hours, days, or months. They are only supporting their claims with some convincing TA's and market movement analysis to make it more believable. Neverthless, only the investors attitude could make the price move in both directions.

However, it affects the insights of newcomers and enlightens them. Good news and positive predictions will give influence to the market flows, even though it can't be of 100% guaranteed changes but it somehow gives courage for the community and never lose their hopes.
yes, I many not looking this for the possible happenings but we can't deny also that the chances are still there or just near to that, who knows actually?

[tulpe123]

10k is a fair price for btc, so im agree with them

[joinfree]

The crypto industry is all about predictions mate and this time around it makes a lot of sense with this price prediction knowing that bitcoin halving is just around the corner. This prediction is from a credible source so let's see if the crypto analysts are right with this one. Fill your bags people, this might be the last time you will have bitcoin at this low.

[agentx44]

A recently released research paper from Bloomberg has painted a positive picture for Bitcoin heading into 2020. The key takeaways being that the major cryptocurrency should top $10,000 soon and that it will also follow a similar path to gold — which is in an upward trend, currently.

Bloomberg’s Bitcoin outlook for next year has highlighted adoption, a falling supply, and Tether’s influence on the market — all as positives for the price going ahead. More so, with only a few weeks to go, the prediction is that, if Bitcoin closes 2019 at $6,500, “support tilts favorably for 2020.”

Read the full news here

Everyone can predict or claim that Bitcoin and other cryptocurrencies can go or high or low to $X,XXX or so.

Now Bloomberg claims that in their research paper, they think that Bitcoin would really pump back to $10k soon. Of course, they can predict all they want. But let's face it.

Most of the predictions aren't accurate or correct at all. The cryptocurrency market is so unpredictable, that's the truth. We may not know exactly the day Bitcoin and other cryptocurrencies would pump or dump. It may happen in just a minute or a few minutes, an hour from now, few hours later, tomorrow, next week or so.

It's okay to have a positive outlook, but we have to face the reality. But let's just hope for the best though.

These kind of news always hype us all up and I think it is necessary to have this. Since there are a lot of bad news showing up right now on the crypto market, it is best that we find something that would boost up our optimism so that we would strive to invest more on crypto. As more and more people becomes more optimistic, it will surely help on rising up the value of bitcoin and all the other altcoins will surely follow. It is very important I think that instead of seeing news about bitcoin's downfall, bitcoin's possibility of regaining its high value would show up more.

[Shenzou]

I mean there are people who make prediction based on nothing but assessment, and other that make prediction based on events that happened or going to happen, i assume when they say that the price is going to go to 10k they only say soon, and soon could be in a week or a month or even next year which makes their prediction useless and adds nothing, after being here a while i have learned that no one knows what is going to happen so never take them seriously.

[wxa7115]

A recently released research paper from Bloomberg has painted a positive picture for Bitcoin heading into 2020. The key takeaways being that the major cryptocurrency should top $10,000 soon and that it will also follow a similar path to gold — which is in an upward trend, currently.

Bloomberg’s Bitcoin outlook for next year has highlighted adoption, a falling supply, and Tether’s influence on the market — all as positives for the price going ahead. More so, with only a few weeks to go, the prediction is that, if Bitcoin closes 2019 at $6,500, “support tilts favorably for 2020.”

Read the full news here

Everyone can predict or claim that Bitcoin and other cryptocurrencies can go or high or low to $X,XXX or so.

Now Bloomberg claims that in their research paper, they think that Bitcoin would really pump back to $10k soon. Of course, they can predict all they want. But let's face it.

Most of the predictions aren't accurate or correct at all. The cryptocurrency market is so unpredictable, that's the truth. We may not know exactly the day Bitcoin and other cryptocurrencies would pump or dump. It may happen in just a minute or a few minutes, an hour from now, few hours later, tomorrow, next week or so.

It's okay to have a positive outlook, but we have to face the reality. But let's just hope for the best though.

If anything this worries me, I do not forget that at the end of 2017 many of those people that call themselves experts were predicting that bitcoin will reach incredible prices like 80,000 or even 100,000 during 2018, and we know that didn't happen and we saw the market taking the opposite direction, and I do not forget either that at the beginning of this year many of the very same experts were predicting that the price of bitcoin will go down even further.

When I think about all of this it worries me that now everyone is bullish about what it could happen during the next year because that most likely will indicate that the price will go down.

[gabbie2010]

Bloomberg prediction that bitcoin would hit $10,000 soon is well acceptable unlike the tom lee outrageous prediction which doesn't hold water and purely exaggerations Bloomberg is a well respected media outfit globally and I am very sure they had made a thorough research before coming out  their paper and their predicted price which is $10,000 is quite reasonable compared with the present price which stood at $7300+. bearing any negative fundamental news that might affect the price whatever dump that might follows the price can still recover to the predicted price.

[Darooghe]

Bitcoins real value is around $25,000, the low value over the last few months was typical pump and dump day trade strategy, happens countless times every day and every week. this is how whales, wall street and market makers separate you from your money and get even more rich. I think it will hit somewhere between $15,000-$20,000 in next 5 months and then stabilize around $25,000 and then maybe in 2-3 years it will hit $86,000.

[pixie85]

Don't fall for these predictions. These people are usually too bullish or too bearish and by these people I mean most big portals lead by CNBC. CNBC used to say that we're going to go to 25 thousand when we were falling down from the peak of 20.

It's the same attitude shown by bloomberg now as they were presenting earlier this year when they were calling Bitcoin a bubble that popped https://www.bloomberg.com/opinion/articles/2018-12-11/yep-bitcoin-was-a-bubble-and-it-popped
Now they are bullish again. What a joke.

[johnwest]

I think this is predictable because we have already seen the bull rally this year and it can be expected that the bitcoin will definitely go past 10k mark sooner. Though these type of articles dont actually make any impact in the market now but still its a good sign for the community.

[Aikidoka]

I don't really believe their predictions to be honest! Nothing can be accurate while we're into bitcoin movement prediction. It's all about the news and the number of trades every day. Bitcoin's price will obviously increase if a lot of people join this community and starting to use bitcoin everywhere, also it can be increased if some big company starting using it, so mostly the bitcoin's movement are in people's hands.

[The Sceptical Chymist]

Well, I hope everyone is aware of the "main" purpose of these predictions is to to change the market sentiments.

I would usually say the same thing, and half the time I think news reports like this are sponsored by the companies whose stocks are being touted--but this is bitcoin Bloomberg is talking about, and I don't think they have any vested interest in it and I also don't think there are any investment firms pressuring them to pump bitcoin.  This could be just a genuine prediction on Bloomberg's part (though I will always remain skeptical).

Anyway, they don't know where bitcoin is headed any more than the rest of us do.  The market is going to do whatever it's going to do regardless of anybody's predictions.  I've read high ones and low ones in the last year, and none of them have turned out to be completely accurate, and some of them weren't even in the ballpark.

$10k coming up?  I hope so, and I definitely think it's possible in 2020.  But it's also possible that bitcoin won't cross that mark, and all it would take would be a bearish sentiment to prevail.  That could happen, but I'm keeping my fingers crossed that it won't.

[bitzizzix]

Many people predict that bitcoin will increase in large numbers and for an increase to $ 10k I think it will happen in the near future and I am very optimistic, and now bitcoin is increasing even though it is very slow and even though there is a slight down then up again.
My choice now is to hold it and be patient and I believe bitcoin will rise to $ 10k in the near future and will continue to increase gradually to reach the highest price.

[harizen]

It's okay to have a positive outlook, but we have to face the reality. But let's just hope for the best though.

In fairness, predicting going back to $10,000 in 2020 is way more realistic compare to reaching $20,000, $30,000, $40,000, etc. That figure does even have a chance to reach within the remaining days of this year*. I mean that kind of prediction shouldn't be a big deal, at least. No need to overreact.

Just as you said, many predictions have gone wrong, but that kind of prediction is far from being unrealistic. I don't have any negative thoughts on that prediction whoever released that kind of prediction or big institution since, in the end, it's up to the community if they will buy it or not.

[Romeotom]

Yeah i read this article many time before so take it easy bitcoin price go 10k$ at any time. We already received proof about it back to back the over year 2017. Basically bitcoin always have still good position with number one so we can expect bitcoin will come good news upcoming year 2020.

[Wexlike]

Many people predict that bitcoin will increase in large numbers and for an increase to $ 10k I think it will happen in the near future and I am very optimistic, and now bitcoin is increasing even though it is very slow and even though there is a slight down then up again.
My choice now is to hold it and be patient and I believe bitcoin will rise to $ 10k in the near future and will continue to increase gradually to reach the highest price.

Bulls can't move this market up after that short squeeze to close the CME gap. I suspect that was also an attempt to get the price into the 8ks. Probably quite a few patient shorts up there, but they just can't get there wilthout forced liquidity from squeezing shorts or new money.
Smart bulls are just sitting back and allowing folks to sell into them. We could be sideways for a long time.

[dunfida]

Theyve already load up their bags and now they are somewhat trying to give out their bullish prediction. 10k mark is quite realistic compared to other speculations

but this kind of positive sentiment does signify that they already bought in the dip and now trying to say their view? C'mon its a classic way of making easy money using up markets reaction towards news.

10k is reachable yet we are already on 7400+ price and jumping 2500 to break that level wont really be that hard.

[Capt00]

It isn't far from market realization.
$10k is easy to achieve rather than to think of another $20k or more. May this speculation isn't really an optimistic one but we are about to learn that it won't help if we are speculating too much but it never comes. If we are able to go beyond $10k then, it was great and isn't a question anymore.
But probably we could only have this pumps next year.

[AakZaki]

Bitcoins real value is around $25,000, the low value over the last few months was typical pump and dump day trade strategy, happens countless times every day and every week. this is how whales, wall street and market makers separate you from your money and get even more rich. I think it will hit somewhere between $15,000-$20,000 in next 5 months and then stabilize around $25,000 and then maybe in 2-3 years it will hit $86,000.

It seems you are too optimistic, do you realize that the price of bitcoin also needs to be decreased, not as you said, you are describing the price of bitcoin will continue to rise. on the reality that happened a few years ago, not like you said. and also you have no concrete evidence, you easily say the price of bitcoin can go up as easily as you say. no dude.

[cryptoangel]

It isn't far from market realization.
$10k is easy to achieve rather than to think of another $20k or more. May this speculation isn't really an optimistic one but we are about to learn that it won't help if we are speculating too much but it never comes. If we are able to go beyond $10k then, it was great and isn't a question anymore.
But probably we could only have this pumps next year.

Mostly everyone expect it will pump on next year, But reality market will growing faster and anytime it will happen on crypto market. I think sudden it will raise 200 USD on within a day so anytime market will grow louder, because end of the year we see some positive bull run on crypto market so I hope it will reach 8k to 10k on end of the year.

[rdluffy]

It's impossible to predict the future, but we are in speculation section, so let's speculate together  

I believe 10k USD is easy to achieve in 2020 due to a opmistic trend that will come closing to the halving, so I think it's totally possible and will happen

But I wish to hit at least 15k USD because the halving is a big event

[Pamadar]

It isn't far from market realization.
$10k is easy to achieve rather than to think of another $20k or more. May this speculation isn't really an optimistic one but we are about to learn that it won't help if we are speculating too much but it never comes. If we are able to go beyond $10k then, it was great and isn't a question anymore.
But probably we could only have this pumps next year.

Mostly everyone expect it will pump on next year, But reality market will growing faster and anytime it will happen on crypto market. I think sudden it will raise 200 USD on within a day so anytime market will grow louder, because end of the year we see some positive bull run on crypto market so I hope it will reach 8k to 10k on end of the year.

The market is so volatile and within the short period of time anything can happen, we can only assume and hope for the best to comes up and make
an impact to the market. Positioning your investment can be done while there's some news that are showing and creating positive views. It's either
to scalp it up or go for long term investment and wait for much higher profits.

[Free1bitco.in]

It's impossible to predict the future, but we are in speculation section, so let's speculate together  

I believe 10k USD is easy to achieve in 2020 due to a opmistic trend that will come closing to the halving, so I think it's totally possible and will happen

But I wish to hit at least 15k USD because the halving is a big event

We cannot predict the future precisely, but we can guess that from the information we get. if we talk about 2020, then I'm also pretty sure that the price of bitcoin can exceed $ 10k. even this year, the price of bitcoin could reach $ 13k with only a few important information.
In 2020, halving will occur, it will push the price of bitcoin higher, and even more likely the price will exceed the highest price this year. even though it's only a prediction, I'm pretty sure the price of bitcoin can exceed the price of $ 10k in the near future.

[Savemore]

Why would believe to them? It is because the news is came from bloomberg? It doesn't matter where the news came from, what matter is they are not from future so why will shouls believe to them? They are just speculating and they are just guessing the price of bitcoin. Their claims have not enough proof and evidence so we should not belive to them.

[barabarian1]

yes you are right op anyone can speculate about the price of bitcoin. but the market will decide whether prices go up or down. and of course everyone certainly hopes the price of bitcoin will rise later this year. and it's easy enough for bitcoin to reach $ 10,000. but we don't know when that increase will occur. I always educate myself not to expect too much about the increase in bitcoin because if expectations don't match reality then it will make us feel disappointed. better hope naturally. I always sell my bitcoin when bitcoin has increased by a few percent 30% or 40%.

[maydna]

I hope this little green candle can trigger the price to increase because the price now is the rise and trying to break the higher rate. $10k is not impossible for bitcoin to reach, but how long it will arrive, we can only wait for more. I guess that we need to be patient if, in the next week, the price cannot increase higher and only get down again. There is nothing we can do except wait for a while and buy more bitcoin and sell when it increases like today.

[Taskford]

It's impossible to predict the future, but we are in speculation section, so let's speculate together  

I believe 10k USD is easy to achieve in 2020 due to a opmistic trend that will come closing to the halving, so I think it's totally possible and will happen

But I wish to hit at least 15k USD because the halving is a big event

We cannot predict the future precisely, but we can guess that from the information we get. if we talk about 2020, then I'm also pretty sure that the price of bitcoin can exceed $ 10k. even this year, the price of bitcoin could reach $ 13k with only a few important information.
In 2020, halving will occur, it will push the price of bitcoin higher, and even more likely the price will exceed the highest price this year. even though it's only a prediction, I'm pretty sure the price of bitcoin can exceed the price of $ 10k in the near future.

Halving times didn't fail the community so far since if we base on statistics it add more contribution for the price to grow more and by this for sure in year 2020 we can possibly see the greatness of the alts. But the one I hope these days is hopefully we can see the price go up for $15k or even break the $20k  and if this one happen for sure many attention will be caught and those who quit will be back to invest on bitcoins again but let's not  expect more since maybe the closes figure is at $10k.

[jhonjhon]

We all been wanting the price to increase and $10k is already a good price atleast before the year ends but yeah we have to accept the reality that this is just a prediction and it is not a 100% guarantee that it will happen and worst is it may go down instead which I hope won’t happen. Being positive is okay but relying to much on someone else’s prediction may only disappoint you so just study it yourself and make the most out of every situation.

[coin-investor]

A recently released research paper from Bloomberg has painted a positive picture for Bitcoin heading into 2020. The key takeaways being that the major cryptocurrency should top $10,000 soon and that it will also follow a similar path to gold — which is in an upward trend, currently.

Bloomberg’s Bitcoin outlook for next year has highlighted adoption, a falling supply, and Tether’s influence on the market — all as positives for the price going ahead. More so, with only a few weeks to go, the prediction is that, if Bitcoin closes 2019 at $6,500, “support tilts favorably for 2020.”

Read the full news here

Everyone can predict or claim that Bitcoin and other cryptocurrencies can go or high or low to $X,XXX or so.

Now Bloomberg claims that in their research paper, they think that Bitcoin would really pump back to $10k soon. Of course, they can predict all they want. But let's face it.

Most of the predictions aren't accurate or correct at all. The cryptocurrency market is so unpredictable, that's the truth. We may not know exactly the day Bitcoin and other cryptocurrencies would pump or dump. It may happen in just a minute or a few minutes, an hour from now, few hours later, tomorrow, next week or so.

It's okay to have a positive outlook, but we have to face the reality. But let's just hope for the best though.

It just headaches if you keep reading all these predictions because they are not 100% accurate, it gives depressions for people who pour everything in the marketing because of earlier predictions, by these so-called experts, I invested but just enough not to give me ache every time the market goes down, things really will be different if you did not invest what you can afford to lose.

[barota]

yes ; bitcoin can back to level up 10000 usd because prices already make correction that took lot of weeks. i hope prices to rise like last year for another surge ; and for sure it is not late for buying bitcoin now for those who sold it in recent period

[beerlover]

I thought when you said Bloomberg I was considering the Mayor Bloomberg that is now candidate as well. All kidding aside that would have been seriously awesome if a wealthy person with some political power could actually support bitcoin finally, we always get bad news and personal profits about bitcoin.

China and USA all like bitcoin as much as they can make money from bitcoin, nobody likes it in the way that could ever help people out as well, they really don't want people to get power because then they can't control us all like sheep. Bloomberg owned bloomberg talking about bitcoin doesn't really worth anything right now as long as bloomberg himself doesn't support what was written on his paper, dude probably doesn't even read it anymore to be honest.

[coinfinger]

It is quite possible that Bitcoin can reach up to $10,000 this year, or next year.

I'm expecting the price to increase a bit and after the halving, the price will start going up until it reaches another ATH price. And yes there is never a prediction that is 100% accurate, most of the predictions we see in the crypto space are usually not accurate, but this is kind of a normal thing that happens in the crypto market, before the halving and after the halving there is usually an increase. So I believe that the same things that happened before are going to be repeated at this time.

[kolonel_x]

It is quite possible that Bitcoin can reach up to $10,000 this year, or next year.

I'm expecting the price to increase a bit and after the halving, the price will start going up until it reaches another ATH price. And yes there is never a prediction that is 100% accurate, most of the predictions we see in the crypto space are usually not accurate, but this is kind of a normal thing that happens in the crypto market, before the halving and after the halving there is usually an increase. So I believe that the same things that happened before are going to be repeated at this time.

Speculating that the price of $ 10,000 will be easy to achieve but after 2020 whatever happens after halving I am sure there will be a good improvement, but I expect to reach ATH it will be difficult because market conditions are not as it used to be, I only target after halving in a few months in the future bitcoin can reach $ 15,000 maybe it will be the highest achievement, many say 2021 is all coin season and altcoin will rise again.

[wxa7115]

Don't fall for these predictions. These people are usually too bullish or too bearish and by these people I mean most big portals lead by CNBC. CNBC used to say that we're going to go to 25 thousand when we were falling down from the peak of 20.

It's the same attitude shown by bloomberg now as they were presenting earlier this year when they were calling Bitcoin a bubble that popped https://www.bloomberg.com/opinion/articles/2018-12-11/yep-bitcoin-was-a-bubble-and-it-popped
Now they are bullish again. What a joke.

Despite the credentials of all of those people that call themselves experts they do not really know more about this market than we do, they do not know how the market is going to move in the future, if they actually had that information then you can be sure that they will never share it to publish an article and they will use it to trade the markets and earn a huge fortune in a short amount of time.

And since that is not what we see then it is obvious that they are publishing those articles just to try to get the attention of anyone that could be interested in reading about cryptocurrencies.

[adaseb]

Honestly back in the day when I used to trade stocks I would read all these Bloomberg articles and basically they will be correct half the time and incorrect the other half. Right now we are basically in a bear market and have been for a while, it seems that every rally is getting shorted and most likely we will see the low $6k's very soon.

I am guessing that anywhere in the $5500-$6500 is very strong support since it would be the support of the 2017 year however keep in mind that if too many people are expecting $6K to hold again, most likely it won't. Or what will happen is that price will come close to the $6K's like it did last month and rally from there and we might never see a newer low again.

The best time to buy would be like in early 2018 when we consolidated for months and there was little volume. We should see this again and buy if we get another $1000 day like we did back in April 2018.

Right now its basically a guess where the price will go in 2020.

[exstasie]

The report itself is worth reading. The article really doesn't do it justice. I found their analysis of Tether particularly interesting.



Their analysts believe there is a causal connection between Tether's market size and Bitcoin's price. They believe Tether's increasing use as a currency reinforces Bitcoin as a gold-like standard while eroding the value of altcoins:

The mass adoption of the Tether stable coin has negative ramifications for most crypto assets masquerading as currencies, and positive implications for a solitary digital equivalent of gold -- Bitcoin.

[dirgayeah]

I think every crypto guy must be agree with this forecast  and some of them are hope more than $10k. all possibilities can happen. also due to USDT role as a stable coin and a currency, this can affect the bitcoin growth and trust to the mass. so let's see what happen to bitcoin price after halving.

[stadus]

Bitcoin pump $10K this year, I mean over $10K in just a short period of time, so it's not impossible even with the few remaining days this year, we could close this year at $10K which is already a major improvement compared to $3400 at the start of the year.

Sometimes this kind of research could be useless as the other way around would happen due to this market has never been stable and easy to predict, due to manipulation the market now is very unpredictable and it could have been nice if the market is bullish right now, unfortunately it's not.

[iv4n]

Bitcoin pump $10K this year, I mean over $10K in just a short period of time, so it's not impossible even with the few remaining days this year, we could close this year at $10K which is already a major improvement compared to $3400 at the start of the year.

Sometimes this kind of research could be useless as the other way around would happen due to this market has never been stable and easy to predict, due to manipulation the market now is very unpredictable and it could have been nice if the market is bullish right now, unfortunately it's not.

That rise can happen in day or two, and chances are high that bitcoin will reach 10k before new year, or little after. It's impossible to be sure in anything with bitcoin price, but we can hope for the best. It's inevitable, for me its just a question of time when we will see bitcoin at 10k again, I didn't need bloomberg to tell me that. This is a great opportunity for buying bitcoin, most of the people here talk about that for some time. Its on people to use this opportunity or not.

[suvo05]

Bitcoin pump $10K this year, I mean over $10K in just a short period of time, so it's not impossible even with the few remaining days this year, we could close this year at $10K which is already a major improvement compared to $3400 at the start of the year.

Sometimes this kind of research could be useless as the other way around would happen due to this market has never been stable and easy to predict, due to manipulation the market now is very unpredictable and it could have been nice if the market is bullish right now, unfortunately it's not.

That rise can happen in day or two, and chances are high that bitcoin will reach 10k before new year, or little after. It's impossible to be sure in anything with bitcoin price, but we can hope for the best. It's inevitable, for me its just a question of time when we will see bitcoin at 10k again, I didn't need bloomberg to tell me that. This is a great opportunity for buying bitcoin, most of the people here talk about that for some time. Its on people to use this opportunity or not.

I don't see that coming in such a hurry. It is too over-optimistic to think that the price will reach to the 10K before the new year. The market analysists are used to give their opinion but I have never seen them predicting the right price. So Bloomberg or whatever it maybe it is of no use.

[LUCKMCFLY]

According to the publication, it is likely that it can do so, raising to $ 10k can influence some external aspects, many do not take into account the volume of the Darkweb, which, in December the demand increases, and as the demand increases the price of Bitcoin rises. In December 2018, the demand for DeepWeb increased considerably, and was reflected in the price.

Anyway I leave this page that is the one that best handles the volumes by Exchange, where you can see the variations in years, where "Others" are included other forms of exchanges:




Source: https://data.bitcoinity.org/markets/volume/all?c=e&t=b

[bitzizzix]

Bitcoin to reach 10K is easy and can happen in a short time because bitcoin can reverse the situation suddenly, and can also decrease dramatically.
and bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of a rise in bitcoin will motivate and be optimistic that bitcoin will always give a good return in the near future or a long time depending on their patience and trust in bitcoin, the best choice now is to hold it and let bitcoin move as it is.

[Reid]

Everyone can predict or claim that Bitcoin and other cryptocurrencies can go or high or low to $X,XXX or so.

Correct, everyone can do it but that doesn't mean they have to go in public.
They are a big company about financial industry and some people have large amounts of trust with them.
Somehow, they can make a hype about it unlike normal speculators like us.

Now Bloomberg claims that in their research paper, they think that Bitcoin would really pump back to $10k soon. Of course, they can predict all they want. But let's face it.

Most of the predictions aren't accurate or correct at all. The cryptocurrency market is so unpredictable, that's the truth.

You have all the answer here and you are in the right path. One thing said by a trusted company doesn't mean it will go their way.
Yeah, let us say they made a deep analysis about it but as you said, no one can really accurately predict where bitcoin will go.
This is just another basis but should not be taken seriously.

[danherbias07]

Tether name was also highlighted within it.
Looks like they really know what they are saying.
It is all because of Tether which is why bitcoin is having a difficult time to increase its value in the market.
Thanks to Tether traders and whales could easily come and go without much of a risk.
They will only think about the movement of bitcoin unlike before which needs to be traded with an altcoin and they are also volatile. Double the risk.

We might stay at this price until the end of the year but there is the word "might". It is not accurate.

[wxa7115]

Honestly back in the day when I used to trade stocks I would read all these Bloomberg articles and basically they will be correct half the time and incorrect the other half. Right now we are basically in a bear market and have been for a while, it seems that every rally is getting shorted and most likely we will see the low $6k's very soon.

I remember doing the same before I created my own strategy to trade the markets and that is when I discovered that most of those people that appear on TV telling you what to buy and what to sell are not really traders themselves and instead just dedicate themselves to sell books about systems that they do not trade or they sell advice that of course they do not follow, when you realize that you see that most of those financial news are either fake or a way to deceive themselves of the realities of the market.

We must accept that predicting the market in a very precise way is impossible, however that doesn't mean that you cannot get profits out of it, you just need to figure out how to do that.

[alexsandria]

Well, I think of it either. But the real deal is that how come it would happened in reality, eh? Well, it is possible though but I don't have any reference to support my claim besides into 2020 halving, in which my claim is half-real to happened. But come on, man. We all know that we can claim silly predictions, and we are just trying to be positive.

[sovie]

Bitcoin will surely go to 10k but no one can predict when that will happen. 2019 is about to end and this year maxima was 12000 $. Now is the time when investors start losing their heart and start selling their holdings in loss while genuine investors HODL or buy these coins at discounted price.

[AliMan]

Bitcoin will surely go to 10k but no one can predict when that will happen. 2019 is about to end and this year maxima was 12000 $. Now is the time when investors start losing their heart and start selling their holdings in loss while genuine investors HODL or buy these coins at discounted price.

This year 2019 is going to end soon and we will move forward to year 2020, and I couldn't figure our more possible increase that could move upward until $12k. Holding an asset is the most important decision to make right now, selling is a bad idea because that might put you more regrets. We can't handle stressful situations when you see market starts to increase at good price, that's why choose to decide the best options that you can do to sustain.

[Divinespark]

Every prediction in this market makes no sense. No one really knows how the price of BTC will fluctuate in the future, I still remember that Binance's CZ CEO said that those who sold BTC below $ 10,000 would regret it. And now the price of BTC is only $ 7000 and in danger of going lower, no one can predict the price exactly, can only accurately predict the trend of the market

[longyenthanh]

Can't say about 10k $ but it looks like bitcoin soon going to be $6k. Bloomberg has given at least a realistic price of bitcoin for 2020 which is very much attainable. If bitcoin gets support at $7k or $6k then it's very much likely that in next bull run bitcoin may cross $10k. Let's hope bloomberg prediction become true.

[Fatunad]

Bitcoin will surely go to 10k but no one can predict when that will happen. 2019 is about to end and this year maxima was 12000 $. Now is the time when investors start losing their heart and start selling their holdings in loss while genuine investors HODL or buy these coins at discounted price.

Those were weak hand investors who can't hold for too long and usually driven by their emotions to sell when they saw the market is bleeding. Those were the butthurt who can't control their emotions that keeps on blaming the market because it doesn't go the way they want it to be. "The uncertain investors" that is probably don't understand the situation of the market.

[blckhawk]

$10k is a much better speculation than all those saying it would hit $100k. While it's true to sme extent that no one could predict Bitcoin's price, factoring in some happenings such as the halving, the smaller supply and some news regarding adoption, $10k is quite possible and attainable, also to note that the price is volatile that it can happen within a day.

[joshy23]

Can't say about 10k $ but it looks like bitcoin soon going to be $6k. Bloomberg has given at least a realistic price of bitcoin for 2020 which is very much attainable. If bitcoin gets support at $7k or $6k then it's very much likely that in next bull run bitcoin may cross $10k. Let's hope bloomberg prediction become true.

It's best to hope and see if bitcoin will go to that direction, as there's still pressures that it might fall more before heading back to $10K. The market traders are all have their own speculations of what particular value bitcoin will proceed maybe bloomberg have that influenced to get more supports
and lift the value up again before the halving take place and build a strong barrier for another bull.

[cotton ball]

$10k is a much better speculation than all those saying it would hit $100k. While it's true to sme extent that no one could predict Bitcoin's price, factoring in some happenings such as the halving, the smaller supply and some news regarding adoption, $10k is quite possible and attainable, also to note that the price is volatile that it can happen within a day.

Return $10k maybe look not possible for bitcoin because right now have not good way where bitcoin and altcoin keep lower price, almost last month bitcoin always have lower price and not increase above $10k, many speculation talk bitcoin have higher price but in the reality bitcoin keep down and lower price.

[kesmex]

Bitcoin will surely go to 10k but no one can predict when that will happen. 2019 is about to end and this year maxima was 12000 $. Now is the time when investors start losing their heart and start selling their holdings in loss while genuine investors HODL or buy these coins at discounted price.

Bitcoin is still in the support zone, $ 7000, if it does not stay in that zone, this will be a dump again to the $ 6000 zone, whether $ 12,000 can be reached or not, it seems to me difficult

[onrise]

I think every crypto guy must be agree with this forecast  and some of them are hope more than $10k. all possibilities can happen. also due to USDT role as a stable coin and a currency, this can affect the bitcoin growth and trust to the mass. so let's see what happen to bitcoin price after halving.

People are waiting for the rise to happen as new year with 10k is  like a good thing to start with and with btc presently at 7100$ also a good time to invest and buy more as rise from here is profits for investors to get some good gain in coming future .

[Desscount]

$10k is a much better speculation than all those saying it would hit $100k. While it's true to sme extent that no one could predict Bitcoin's price, factoring in some happenings such as the halving, the smaller supply and some news regarding adoption, $10k is quite possible and attainable, also to note that the price is volatile that it can happen within a day.

after $ 10k is reached, talking about $ 20k, $ 50k and even $ 100k will not matter, but now the price of bitcoin is still plunging into a dangerous zone, I'm not very good at predicting prices but we have to hold above $ 6500 to reach the highest price again

[Arkann]

$10k is a much better speculation than all those saying it would hit $100k. While it's true to sme extent that no one could predict Bitcoin's price, factoring in some happenings such as the halving, the smaller supply and some news regarding adoption, $10k is quite possible and attainable, also to note that the price is volatile that it can happen within a day.

after $ 10k is reached, talking about $ 20k, $ 50k and even $ 100k will not matter, but now the price of bitcoin is still plunging into a dangerous zone, I'm not very good at predicting prices but we have to hold above $ 6500 to reach the highest price again

You can predict any numbers, but I do not see any prerequisites for an active increase in the price of Bitcoin.  The current trend of the cryptocurrency market is indicated in a completely different way and is similar to the period when the cryptocurrency market fell at the end of 2018.  Although I am very worried about this and would not like to see the same prices as they were at the end of last year.  Many cryptocurrency users express their opinion about the fall in cryptocurrency prices today and explain this with the New Year holidays, because the fall in cryptocurrency prices is always recorded on holidays and in the holiday season.

[darkangel11]

Another great prediction by the mainstream media. It looks like Bloomberg and CNBC are fighting for the trophy of the worst Bitcoin speculation ever. I guess this still belongs to CNBC with their infamous streak in 2018.

Although I am very worried about this and would not like to see the same prices as they were at the end of last year.  Many cryptocurrency users express their opinion about the fall in cryptocurrency prices today and explain this with the New Year holidays, because the fall in cryptocurrency prices is always recorded on holidays and in the holiday season.

You don't have to worry about that. The bottom is in and that period of the great bear market of 2018/19 is over. We will not go to 3k again and if you look at the big picture this fall looks quite healthy. It looks like a tightening wedge with 2018 bear market marking higher highs and lower lows and the end of 2019 coming in with lower highs and higher lows. Note that the low of 3k was above the point from where the bull market of 2017 begun and this is bullish. If this drop ends higher than 4k USD we'll have another bullish confirmation that long term we're going up.

[Duzter]

$10k is a much better speculation than all those saying it would hit $100k. While it's true to sme extent that no one could predict Bitcoin's price, factoring in some happenings such as the halving, the smaller supply and some news regarding adoption, $10k is quite possible and attainable, also to note that the price is volatile that it can happen within a day.

after $ 10k is reached, talking about $ 20k, $ 50k and even $ 100k will not matter, but now the price of bitcoin is still plunging into a dangerous zone, I'm not very good at predicting prices but we have to hold above $ 6500 to reach the highest price again

The market change happens in no time. Until the market drops low to $5000 there seems to have more room for much higher growth. Market always tends to be a complicated math to predict the market scenario. Even now I believe the market reaching new ath could happen close to halving. I believe in this purely upon the growth from which the market took a forward move during the previous bull trend was around $5500.

[wxa7115]

Can't say about 10k $ but it looks like bitcoin soon going to be $6k. Bloomberg has given at least a realistic price of bitcoin for 2020 which is very much attainable. If bitcoin gets support at $7k or $6k then it's very much likely that in next bull run bitcoin may cross $10k. Let's hope bloomberg prediction become true.

The market is in a state in which it is really difficult to predict what it will do, the volatility that we have been witnessing during the last days is something that happens from time to time to bitcoin but we cannot draw any kind of conclusions out of it because the volatility is so extreme that it doesn't allow for any kind of meaningful prediction.

And that is a huge problem, how are you going to take a decision about what to do in the market when you have no idea what it is going to do? It seems possible that at some point we could reach a price of 6000 but it is also entirely possible that the very next day bitcoin will recover all the ground it lost.

[Zemomtum]

All are just speculations. Nobody can predict the future correctly. Besides, I cannot see Bitcoin going back to $10,000 before the end of this year

[proudhon]

All are just speculations. Nobody can predict the future correctly. Besides, I cannot see Bitcoin going back to $10,000 before the end of this year

I'll predict the future. Bitcoin won't be $10,000 ever again.

[Pamadar]

$10k is a much better speculation than all those saying it would hit $100k. While it's true to sme extent that no one could predict Bitcoin's price, factoring in some happenings such as the halving, the smaller supply and some news regarding adoption, $10k is quite possible and attainable, also to note that the price is volatile that it can happen within a day.

after $ 10k is reached, talking about $ 20k, $ 50k and even $ 100k will not matter, but now the price of bitcoin is still plunging into a dangerous zone, I'm not very good at predicting prices but we have to hold above $ 6500 to reach the highest price again

The value really moving in the fast pace, investors needs to follow what they've thik is better for their investment. Any news should be well analyze in order to make a better assessment and good decision making for the benefits of their assets.
Predictions or opinions of others doesn't count it's your judgment that matters while you are inside from this market.

[yulionoo]

You are right op no one knows for sure what the price of bitcoin is in the future. we can only speculate. our speculations can be right or wrong. and I think that by the end of this year bitcoin won't be able to reach $ 10,000. because at the end of the year some people choose to sell some of their bitcoin to celebrate Christmas and holidays. I predict bitcoin will start to increase next year after bitcoin is reduced by half in May.

[EdenHazard]

$10k is a much better speculation than all those saying it would hit $100k. While it's true to sme extent that no one could predict Bitcoin's price, factoring in some happenings such as the halving, the smaller supply and some news regarding adoption, $10k is quite possible and attainable, also to note that the price is volatile that it can happen within a day.

after $ 10k is reached, talking about $ 20k, $ 50k and even $ 100k will not matter, but now the price of bitcoin is still plunging into a dangerous zone, I'm not very good at predicting prices but we have to hold above $ 6500 to reach the highest price again

The problem is that people too easy to dragged in by just the sensitive news , hard to hold together at certain point, people easily sell the coins in panic once the market fall.

It looks like noone committed to bitcoin as a long term investment

As people leaving bitcoin when the price down drastically and coming when the price in bull run.
Typical impatience hodler ...
$10k reasonable for the upcoming hardfork at least I can expect it in the next few months

[atjiat]

The problem is that people too easy to dragged in by just the sensitive news , hard to hold together at certain point, people easily sell the coins in panic once the market fall.

It looks like noone committed to bitcoin as a long term investment

As people leaving bitcoin when the price down drastically and coming when the price in bull run.
Typical impatience hodler ...
$10k reasonable for the upcoming hardfork at least I can expect it in the next few months

Indeed, I completely agree with your opinion and in my opinion the current state of the market can really be called panic, because all cryptocurrency users are subject to panic due to negative news, as well as because of information that is alarming and because of which there are thoughts about  prolonged decline in cryptocurrency prices.  Thus, today, news about the sale of large volumes of Bitcoin and the preparation for the sale of a large volume of Ethereum from wallets, which has been frozen for a very long time, have a very strong influence on cryptocurrency users. For example, Whale Alert's Twitter account information announced a transaction of 789,525 ETH from the wallet associated with the PlusToken cryptocurrency pyramid.  There is an assumption that one of the big whales will sell cryptocurrency and because of this, in any case, the cryptocurrency market will collapse.  I hope that the situation will have the opposite effect, as soon as cryptocurrency users are convinced of the reliability of their cryptocurrency investments.

[wxa7115]

You are right op no one knows for sure what the price of bitcoin is in the future. we can only speculate. our speculations can be right or wrong. and I think that by the end of this year bitcoin won't be able to reach $ 10,000. because at the end of the year some people choose to sell some of their bitcoin to celebrate Christmas and holidays. I predict bitcoin will start to increase next year after bitcoin is reduced by half in May.

That is a very common prediction but I do not think it is going to become true, everyone is expecting for the market to recover and to give good gains when the halving finally comes and to me that is kind of problematic because markets have to be unpredictable because if they were predictable then in theory everyone will make money out of it and we know that is impossible, so the fact that everyone is predicting a price increase at that time worries me.

And I think that most likely what we are going to see is the price not moving much before and after the halving and this could be disappointing for all of those expecting big gains.

[Wexlike]

And I think that most likely what we are going to see is the price not moving much before and after the halving and this could be disappointing for all of those expecting big gains.

Uhhh I think you might be very wrong about that. I do expect some fireworks for next year.

[okala]

Almost all studies or research which is related to Bitcoin price speculation have failed miserably. The cryptocurrency market is highly volatile and small technical analysis does not work here. I have heard so many of these research that I have stopped looking into them. Whatever they have analyzed I know will eventually happen. When it will happen? is the question.

I sincerely agree with you on bitcoin because of the volatile nature many people has lose money. I have decided not to follow propagation on bitcoin but buying and keep faith for it to appreciate and sell. Bitcoin will ever cross above $10,000 but what makes you money is buying at the right time and sell at the right time.

[kro55]

Almost all studies or research which is related to Bitcoin price speculation have failed miserably. The cryptocurrency market is highly volatile and small technical analysis does not work here. I have heard so many of these research that I have stopped looking into them. Whatever they have analyzed I know will eventually happen. When it will happen? is the question.

I sincerely agree with you on bitcoin because of the volatile nature many people has lose money. I have decided not to follow propagation on bitcoin but buying and keep faith for it to appreciate and sell. Bitcoin will ever cross above $10,000 but what makes you money is buying at the right time and sell at the right time.

Bitcoin will surely pass 10,000$ but no one can tell the exact date. If we look back on year 2019 we will see bitcoin moving in both directions. What bloomberg is predicting is analysis based on equity trading and I don't think technical analysis of equity trading work with bitcoin.

[Smitty Werben Man Jensen]

Almost all studies or research which is related to Bitcoin price speculation have failed miserably. The cryptocurrency market is highly volatile and small technical analysis does not work here. I have heard so many of these research that I have stopped looking into them. Whatever they have analyzed I know will eventually happen. When it will happen? is the question.

I sincerely agree with you on bitcoin because of the volatile nature many people has lose money. I have decided not to follow propagation on bitcoin but buying and keep faith for it to appreciate and sell. Bitcoin will ever cross above $10,000 but what makes you money is buying at the right time and sell at the right time.

prediction like that many appear when the market is bearish, yes that's good,
but the prediction is just prediction not all predictions are right on target, you can follow your heart

[error08]

$10K still far away ahead, bitcoin failed to breakout the resistance level recently, more likely the price will stay at this level $7xxx until the end of the year, 5 days left. The bitcoin market really volatile right now, the price constantly changing $100-$500 within minutes, one minute ago it was $7600 and the next minute it's $7200.

[maydna]

$10K still far away ahead, bitcoin failed to breakout the resistance level recently, more likely the price will stay at this level $7xxx until the end of the year, 5 days left. The bitcoin market really volatile right now, the price constantly changing $100-$500 within minutes, one minute ago it was $7600 and the next minute it's $7200.

Yes, you are right. We need to break every higher price so then we can hit $10k soon, but I believe that bitcoin price can go to that price in the future. It seems we need to satisfy to see bitcoin price now at a current price, and it still waiting for a good time to increase higher. Since yesterday, the bitcoin price doesn't go to a higher price level or lower price, and I think right now, we see a sideways market, so we need to be careful because we don't know what will happen later. If you believe that the price can increase or decrease a few hours later, you need to prepare to decide on what you need to do so you don't be late to do something.

[gabmen]

$10K still far away ahead, bitcoin failed to breakout the resistance level recently, more likely the price will stay at this level $7xxx until the end of the year, 5 days left. The bitcoin market really volatile right now, the price constantly changing $100-$500 within minutes, one minute ago it was $7600 and the next minute it's $7200.

Good odds for day traders to profit a few hundred dollars everyday. And i don't see anything right now that may trigger an actual run towards 10k aside from talks about halving which i think will disappoint a lot of people. I still think that 10k is a point that we'll get to eventually. It's anybody's guess and speculation though as to when we'll get there.

[joshy23]

$10K still far away ahead, bitcoin failed to breakout the resistance level recently, more likely the price will stay at this level $7xxx until the end of the year, 5 days left. The bitcoin market really volatile right now, the price constantly changing $100-$500 within minutes, one minute ago it was $7600 and the next minute it's $7200.

If you failed to monitor your assets you'll surely lose your money in a quick settings. But if you do have good knowledge regarding to this volatility
the chance of shorting the current price can be profitable. Remember the risk and assess the news that you'll be using to position your target value
for entry and exit points.

[Oneandpure]

$10K still far away ahead, bitcoin failed to breakout the resistance level recently, more likely the price will stay at this level $7xxx until the end of the year, 5 days left. The bitcoin market really volatile right now, the price constantly changing $100-$500 within minutes, one minute ago it was $7600 and the next minute it's $7200.

If you failed to monitor your assets you'll surely lose your money in a quick settings. But if you do have good knowledge regarding to this volatility
the chance of shorting the current price can be profitable. Remember the risk and assess the news that you'll be using to position your target value
for entry and exit points.

Just trick giving by some one because they want to get chance with much profit by giving positive price about bitcoin price will raise above $10k, they will make many people want to buy bitcoin but in other side he will sell bitcoin without raise above $10k, always have way how to manipulated bitcoin investor by giving bad and good news about bitcoin and altcoin.

[dark08]

$10K still far away ahead, bitcoin failed to breakout the resistance level recently, more likely the price will stay at this level $7xxx until the end of the year, 5 days left. The bitcoin market really volatile right now, the price constantly changing $100-$500 within minutes, one minute ago it was $7600 and the next minute it's $7200.

Yes, you are right. We need to break every higher price so then we can hit $10k soon, but I believe that bitcoin price can go to that price in the future. It seems we need to satisfy to see bitcoin price now at a current price, and it still waiting for a good time to increase higher. Since yesterday, the bitcoin price doesn't go to a higher price level or lower price, and I think right now, we see a sideways market, so we need to be careful because we don't know what will happen later. If you believe that the price can increase or decrease a few hours later, you need to prepare to decide on what you need to do so you don't be late to do something.

Maybe we can see again $10k soon but as of now I dont see any good sign of uptrend all I can see is downtrend a possible we can touch again the $6k or $5k level before going back to $10k but because of 2020 halving people think we can back easily to $10k level.

[Clement Kaliyar]

Maybe we can see again $10k soon but as of now I dont see any good sign of uptrend all I can see is downtrend a possible we can touch again the $6k or $5k level before going back to $10k but because of 2020 halving people think we can back easily to $10k level.

If there is a down trend we might go even lower which is possible only if we see a huge number of coins been dumped in the market and with the halving coming up no one in the right sense will be planning to dump the coins this fast as everyone will be waiting for the market to rally so that they can profit the maximum they can and even after the halving we might not see a huge rally, it will take some time to gather the momentum and have a market push so that it can break all the resistance level.

[wxa7115]

And I think that most likely what we are going to see is the price not moving much before and after the halving and this could be disappointing for all of those expecting big gains.

Uhhh I think you might be very wrong about that. I do expect some fireworks for next year.

I have no problem with that, we all come to the forum to express our opinions and hear the opinions of other as well, I still think the halving will not bring the profits everyone is expecting, if I am wrong and it does I will be the first person to jump up and down in joy as the value of my coins goes even higher and I earn money because of it.

But I still think that is not what we will see, at this point the only thing we can do is to let time pass and see how the market reacts to the halving and see who was right with his prediction.

[joshy23]

$10K still far away ahead, bitcoin failed to breakout the resistance level recently, more likely the price will stay at this level $7xxx until the end of the year, 5 days left. The bitcoin market really volatile right now, the price constantly changing $100-$500 within minutes, one minute ago it was $7600 and the next minute it's $7200.

If you failed to monitor your assets you'll surely lose your money in a quick settings. But if you do have good knowledge regarding to this volatility
the chance of shorting the current price can be profitable. Remember the risk and assess the news that you'll be using to position your target value
for entry and exit points.

Just trick giving by some one because they want to get chance with much profit by giving positive price about bitcoin price will raise above $10k, they will make many people want to buy bitcoin but in other side he will sell bitcoin without raise above $10k, always have way how to manipulated bitcoin investor by giving bad and good news about bitcoin and altcoin.

That will mostly do, if there's no back up information about the news it will turned out to be  a good exit strategy by big bag holders. Tricking investors who are fomoing in hope that sooner the value will go up. Some action will happen but the expected target will not happen it will be short right after the buying momentum take place.

[sulendra12]

They are free to do speculation such as what Bloomberg did, I'd say it will happening soon but don't know how and when is gonna happen. Actually, look at coinmarketcap right now, we are getting green sign in 24h which is really good as the holidays session is coming up so expect to see huge price progress on that date.

[Rasa nanas]

Maybe we can see again $10k soon but as of now I dont see any good sign of uptrend all I can see is downtrend a possible we can touch again the $6k or $5k level before going back to $10k but because of 2020 halving people think we can back easily to $10k level.

this is market law and in my opinion this is true, if bitcoin production is slower then the price of bitcoin will increase. in my opinion the potential price of bitcoin will rise very large because miners will sell bitcoin at a price higher than now. I also predict that the price of bitcoin will easily return to $ 10k

[Ferris419]

This prediction makes sense actually! It is normal for Bitcoin to hit 10K USD and it can happen even in the first month of 2020! Yesterday Mike Novogratz said that Bitcoin price will hit 12K USD, anyone can relate it perfectly! But someone said today Bitcoin price will hit 100K USD within this year, such a ridiculous prediction is that! Though before the 10K zone, we may see another dump in Bitcoin price!

[BChydro]

this is market law and in my opinion this is true, if bitcoin production is slower then the price of bitcoin will increase. in my opinion the potential price of bitcoin will rise very large because miners will sell bitcoin at a price higher than now. I also predict that the price of bitcoin will easily return to $ 10k

I did not understand this theory, do you really think that the price is determined by the miners  . How can anyone sell a coin at a higher market price when there are no literal buyers in the market, first try to understand how the market works  . If there is a array of huge investment in the market and when there is a higher demand of bitcoin than the coins available then there market rises and that is the base theory and when it will happen cannot be determined.

[Rasa nanas]

this is market law and in my opinion this is true, if bitcoin production is slower then the price of bitcoin will increase. in my opinion the potential price of bitcoin will rise very large because miners will sell bitcoin at a price higher than now. I also predict that the price of bitcoin will easily return to $ 10k

I did not understand this theory, do you really think that the price is determined by the miners  . How can anyone sell a coin at a higher market price when there are no literal buyers in the market, first try to understand how the market works  . If there is a array of huge investment in the market and when there is a higher demand of bitcoin than the coins available then there market rises and that is the base theory and when it will happen cannot be determined.

Miners also have a very important role in this problem, although there are many factors that can affect the price of bitcoin. when bitcoin production is reduced the miners will sell their bitcoin at a higher price. I hope you understand what I mean 

[Stargazer]

After many days I can agree with a prediction because this prediction really makes sense! Right now Bitcoin price is 7400+ USD, the next target is 10K USD which is Bloomberg predicted, but in 2020, Bitcoin price should cross the 15K USD zone to have a bull run in 2021!

[Wexlike]

After many days I can agree with a prediction because this prediction really makes sense! Right now Bitcoin price is 7400+ USD, the next target is 10K USD which is Bloomberg predicted, but in 2020, Bitcoin price should cross the 15K USD zone to have a bull run in 2021!

I expect some 16k$ price action before the halving with a significant drop down before it. Let's wait and see I suppose.

[2legit2]

It's not far from the understanding of the market. It's easy to achieve 10,000 instead of dreaming of another 20,000 or more. May this speculation not be an optimistic one, but we're about to learn that if we speculate too much, it won't help, but it never happens. If we can go beyond 10,000 then it was great and it's no longer a question. Yet perhaps next year we could only have these pumps.

[darkangel11]

After many days I can agree with a prediction because this prediction really makes sense! Right now Bitcoin price is 7400+ USD, the next target is 10K USD which is Bloomberg predicted, but in 2020, Bitcoin price should cross the 15K USD zone to have a bull run in 2021!

I expect some 16k$ price action before the halving with a significant drop down before it. Let's wait and see I suppose.

Many people predict a pump months before the halving but are they right? So far this prediction by Bloomberg is not fulfilling and there are no sins of a big pump. The 9k Level is a strong resistance even if we were to hit it now we'd probably get rejected once again. I guess there's no catalyst that would make ups move forward like that positive news from China months ago.

[LUCKMCFLY]

~snip~

I always like to read Bloomberg's articles, however, when talking about $ 10k it is simply a number, some see it as a ceiling / resistance, in my case I see it as an area of ​​opportunity.

The author always emphasizes his analysis based on the technical / fundamental analysis that many times do not show, but the volume has a lot of information, the volume profile is also a powerful tool, it could be said that when it reaches $ 10k you can continue to increase and find Areas of opportunity where the offer is very small. Bitcoin halving in conjunction with the stablecoins war will undoubtedly cause an effect on the Bitcoin market, where I see it with great optimism that can be reflected in rising prices.

[wxa7115]

This prediction makes sense actually! It is normal for Bitcoin to hit 10K USD and it can happen even in the first month of 2020! Yesterday Mike Novogratz said that Bitcoin price will hit 12K USD, anyone can relate it perfectly! But someone said today Bitcoin price will hit 100K USD within this year, such a ridiculous prediction is that! Though before the 10K zone, we may see another dump in Bitcoin price!

As I have said before in this thread I am worried that bitcoin may not even touch 10k at the halving and that could create a situation in which investors get desperate and sell their coins making the price of bitcoin to go down and not up, however as crazy as those that predict bitcoin may reach 100k during this year sound we cannot completely discard the possibility.

When bitcoin was worth 1k at the beginning of 2017 there were a few predicting a price for bitcoin of 15k or 25k and no one believed them and they were a lot closer than my prediction back in those days, what I am saying is that as unlikely as that may sound you must also have that option in mind and think about what you will do in that case.

[romero121]

After many days I can agree with a prediction because this prediction really makes sense! Right now Bitcoin price is 7400+ USD, the next target is 10K USD which is Bloomberg predicted, but in 2020, Bitcoin price should cross the 15K USD zone to have a bull run in 2021!

I expect some 16k$ price action before the halving with a significant drop down before it. Let's wait and see I suppose.

Many people predict a pump months before the halving but are they right? So far this prediction by Bloomberg is not fulfilling and there are no sins of a big pump. The 9k Level is a strong resistance even if we were to hit it now we'd probably get rejected once again. I guess there's no catalyst that would make ups move forward like that positive news from China months ago.

The countdown for halving have been begun long ago, market is predicted to give a hard price pumping this year. To the expectation there is no big movement forward. Probably this is an indication of price pumping for the falling weeks. Last year there is no halving and no big event, the growth started from the second quarter and gave a reach as high as $14000. This time we've got more special events to fall one by one with bitcoin and other cryptocurrencies. This way reaching $10000 can happen anytime soon.

[atjiat]

The countdown for halving have been begun long ago, market is predicted to give a hard price pumping this year. To the expectation there is no big movement forward. Probably this is an indication of price pumping for the falling weeks. Last year there is no halving and no big event, the growth started from the second quarter and gave a reach as high as $14000. This time we've got more special events to fall one by one with bitcoin and other cryptocurrencies. This way reaching $10000 can happen anytime soon.

You are really very interesting and correctly expressed your opinion and I probably agree with you regarding the expectations of cryptocurrency users in the near future.  But, as always, the next news in the information space can be charged with the situation, which always negatively affects the cryptocurrency market and cryptocurrency pricing.

[Dalmar]

The countdown for halving have been begun long ago, market is predicted to give a hard price pumping this year. To the expectation there is no big movement forward. Probably this is an indication of price pumping for the falling weeks. Last year there is no halving and no big event, the growth started from the second quarter and gave a reach as high as $14000. This time we've got more special events to fall one by one with bitcoin and other cryptocurrencies. This way reaching $10000 can happen anytime soon.

You are really very interesting and correctly expressed your opinion and I probably agree with you regarding the expectations of cryptocurrency users in the near future.  But, as always, the next news in the information space can be charged with the situation, which always negatively affects the cryptocurrency market and cryptocurrency pricing.

All this news is used for speculation on the volatile crypto markets, there is no reason to keep hopes at a high level. In my opinion:
The news=Excuse for pump/dump
The time of news=The exit point for speculators
The FUD about the expected result of news= The elimination process of weak hands aka inexperienced traders
After news: Dump the orders placed by news traders after watching the event.

[milewilda]

The countdown for halving have been begun long ago, market is predicted to give a hard price pumping this year. To the expectation there is no big movement forward. Probably this is an indication of price pumping for the falling weeks. Last year there is no halving and no big event, the growth started from the second quarter and gave a reach as high as $14000. This time we've got more special events to fall one by one with bitcoin and other cryptocurrencies. This way reaching $10000 can happen anytime soon.

You are really very interesting and correctly expressed your opinion and I probably agree with you regarding the expectations of cryptocurrency users in the near future.  But, as always, the next news in the information space can be charged with the situation, which always negatively affects the cryptocurrency market and cryptocurrency pricing.

All this news is used for speculation on the volatile crypto markets, there is no reason to keep hopes at a high level. In my opinion:
The news=Excuse for pump/dump
The time of news=The exit point for speculators
The FUD about the expected result of news= The elimination process of weak hands aka inexperienced traders
After news: Dump the orders placed by news traders after watching the event.

In short;

"Buy the rumor Sell the news"

We can really utilize things on our end and make decisions and analysis on our own.Listening on others sentiments isnt that bad
but you should always had that own analysis of yours when it comes to your decisions.

[atjiat]

~~~~~~But, as always, the next news in the information space can be charged with the situation, which always negatively affects the cryptocurrency market and cryptocurrency pricing.

All this news is used for speculation on the volatile crypto markets, there is no reason to keep hopes at a high level. In my opinion:
The news=Excuse for pump/dump
The time of news=The exit point for speculators
The FUD about the expected result of news= The elimination process of weak hands aka inexperienced traders
After news: Dump the orders placed by news traders after watching the event.

That's right.  This is exactly what happens because all speculators manipulate the crypto currency market thanks to trading chats and news in the information space.  All this news is aimed at those traders who, having heard unpleasant news, begin to respond inappropriately and perform certain actions that are beneficial for the speculators themselves.  Well, we can talk about the news where the statements of governments or certain organizations are voiced, including you can take As an example, Trump's recent statements regarding Bitcoin and the report of the Big Seven regarding cryptocurrencies.

[Spaffin]

~~~~~~But, as always, the next news in the information space can be charged with the situation, which always negatively affects the cryptocurrency market and cryptocurrency pricing.

All this news is used for speculation on the volatile crypto markets, there is no reason to keep hopes at a high level. In my opinion:
The news=Excuse for pump/dump
The time of news=The exit point for speculators
The FUD about the expected result of news= The elimination process of weak hands aka inexperienced traders
After news: Dump the orders placed by news traders after watching the event.

That's right.  This is exactly what happens because all speculators manipulate the crypto currency market thanks to trading chats and news in the information space.  All this news is aimed at those traders who, having heard unpleasant news, begin to respond inappropriately and perform certain actions that are beneficial for the speculators themselves.  Well, we can talk about the news where the statements of governments or certain organizations are voiced, including you can take As an example, Trump's recent statements regarding Bitcoin and the report of the Big Seven regarding cryptocurrencies.

What many officials say about cryptocurrencies is aimed only at the fact that they want to control the entire cryptocurrency market and the profit of each user, or it means that the cryptocurrency and the governments of these states have different goals, the achievement of which contradict each other.  I believe that only society can affect the pricing of cryptocurrencies, namely the demand for cryptocurrencies in society and the real practical use of cryptocurrencies in everyday life of a person.

[dragonvslinux]

Given that $6,500 held support in December, I wouldn't rule out $10K in 2020 at all personally. Even if we do go a little lower beforehand.

[wxa7115]

Bitcoin reaching 10 K is easy and can occur in a short time, as Bitcoin can suddenly reverse the situation and also dramatically decrease.
And bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of an increase in bitcoin would inspire and be confident that bitcoin will always give a good return in the near future or a long time depending on their patience and faith in bitcoin, the best choice now is to keep it and let bitcoin move as it is.

It may seem easy for bitcoin to reach 10k but that is only because of two factors, first of all the recent recovery that we experimented is still very close and we have the belief that may happen again an also the price is relatively close to 10k and it will only need for it to grow a few thousands of dollars for that to happen.

But the circumstances of this market change relatively quickly and at the moment the chances of reaching 10k anytime soon seem to be very low, it seems we are in an accumulation stage and everyone wants to buy bitcoin but they do not want to pay too much for it and that is what causes the ups and downs we see in the market.

[bitbunnny]

I'm not sure how relevant this prefiction is. We have to many fake Bitcoin experts and fake Bitcoin news so sometimes it's better to ignore them.
10000$ isn't impossible although from current position it seems not so easy to achieve but I don't think that will happen so soon. It might happen that we will not see that price within the first three months of this year.

[STT]

Price seems to be acting positively here in a slow steady way.   Not sure I'm impressed yet, clearly the price has not moved much distance but over time volume is occuring and it will accumulate positively for as long as we can stay above the 50 day average.



Positive looking action, bit like a staircase is how I think it looks when doing this.   Its a long way to 10k, but a journey of a thousand miles begins with a single step.

[Soots]

Bitcoin reaching 10 K is easy and can occur in a short time, as Bitcoin can suddenly reverse the situation and also dramatically decrease.
And bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of an increase in bitcoin would inspire and be confident that bitcoin will always give a good return in the near future or a long time depending on their patience and faith in bitcoin, the best choice now is to keep it and let bitcoin move as it is.

It may seem easy for bitcoin to reach 10k but that is only because of two factors, first of all the recent recovery that we experimented is still very close and we have the belief that may happen again an also the price is relatively close to 10k and it will only need for it to grow a few thousands of dollars for that to happen.

But the circumstances of this market change relatively quickly and at the moment the chances of reaching 10k anytime soon seem to be very low, it seems we are in an accumulation stage and everyone wants to buy bitcoin but they do not want to pay too much for it and that is what causes the ups and downs we see in the market.

If everybody will buy bitcoin now, this is their best time to accumulate more quantity and don't wait until its too late. The market has been behaving so unpredictable and unstable, no one can exactly put a prediction so certain because of volatility. Ups and downs of the market always count on for different reasons, we can't rely on just one factor but always bear in mind the frequency of the market trend.

[Zemomtum]

That will be a good start for the grassroots of the digital currency. Many people have been speculating upward trends in the year 2020 and I cannot agree less to this assertion. Let see what will happen before the halving as it is a very key factor here.

[wxa7115]

Bitcoin reaching 10 K is easy and can occur in a short time, as Bitcoin can suddenly reverse the situation and also dramatically decrease.
And bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of an increase in bitcoin would inspire and be confident that bitcoin will always give a good return in the near future or a long time depending on their patience and faith in bitcoin, the best choice now is to keep it and let bitcoin move as it is.

It may seem easy for bitcoin to reach 10k but that is only because of two factors, first of all the recent recovery that we experimented is still very close and we have the belief that may happen again an also the price is relatively close to 10k and it will only need for it to grow a few thousands of dollars for that to happen.

But the circumstances of this market change relatively quickly and at the moment the chances of reaching 10k anytime soon seem to be very low, it seems we are in an accumulation stage and everyone wants to buy bitcoin but they do not want to pay too much for it and that is what causes the ups and downs we see in the market.

If everybody will buy bitcoin now, this is their best time to accumulate more quantity and don't wait until its too late. The market has been behaving so unpredictable and unstable, no one can exactly put a prediction so certain because of volatility. Ups and downs of the market always count on for different reasons, we can't rely on just one factor but always bear in mind the frequency of the market trend.

It is definitely a good opportunity to buy bitcoin and get as much as you want, but the mentality of investors is very unique, at the end of the day it is not going to matter if you buy bitcoin for 8000 dollars or if you buy it for 8500 dollars if bitcoin surpasses its all time high, but since we do not know when that could happen we have to take the best decision possible about when to enter the market.

Right now bitcoin is slightly below 8000 dollars and there is the possibility that many of those that are bullish about bitcoin are not buying right now because they want to see bitcoin going back to 7500 dollars before they buy again.

[n0ne]

With the growth happening with bitcoin and other altcoins taking the price stay above $8000 it looks like gaining strong resistance for the price. Following this there will be high fluctuations but the resistance level won't be broken further to fall low. This means reaching $10000 can take place anytime soon close to the halving days this year.

[wxa7115]

With the growth happening with bitcoin and other altcoins taking the price stay above $8000 it looks like gaining strong resistance for the price. Following this there will be high fluctuations but the resistance level won't be broken further to fall low. This means reaching $10000 can take place anytime soon close to the halving days this year.

The price of bitcoin is currently above 8700 dollars and it doesn't seem as if it is going to stop, we could reach 9000 dollars today or even tomorrow but that is going to depend on the expectations that people have out of this market, if people really believe that there is going to be a huge recovery before the halving and enough of them act upon those beliefs then it is entirely possible that we are going to see a price of 10,000 before the halving.

But if they are afraid that the price of bitcoin could crash at any moment and they do not buy bitcoin when they should then most likely the price that we are seeing is not going to be able to be maintained and the recovery that we are experimenting right now could evaporate.

[STT]

Price being very positive recently which gives alot of hope and positivity to the bulls.    Got to look if we have a clear path, I think a natural point for some profit taking could be previous weekly lows in July and August which matches 200 day average



We quite a way past 50 day and even a yearly average so its fairly steady based rise for that 10k 'dream' price.   Watch around 9k to 9100 for any reaction I guess.

[rekinthis]

Bitcoin reaching 10 K is easy and can occur in a short time, as Bitcoin can suddenly reverse the situation and also dramatically decrease. And bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of an increase in bitcoin would inspire and be confident that bitcoin will always give a good return in the near future or a long time depending on their patience and faith in bitcoin, the best choice now is to keep it and let bitcoin move as it is.

[wxa7115]

Bitcoin reaching 10 K is easy and can occur in a short time, as Bitcoin can suddenly reverse the situation and also dramatically decrease. And bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of an increase in bitcoin would inspire and be confident that bitcoin will always give a good return in the near future or a long time depending on their patience and faith in bitcoin, the best choice now is to keep it and let bitcoin move as it is.

We need to watch the price very closely because right now it is at a very important resistance level, if it is able to break through that level then the mentality of most investors will become very positive and it is quite likely that we could reach 10,000 during the next days, but if we fail to break away from that resistance level then it is likely the price will begin to go down.

And then the question will become, will investors panic? Because if they do then just as we saw this important recovery we could see an important decrease in the price.