Bitcoin back to $10k soon according to Bloomberg?

[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.

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[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.