Bitcoin back to $10k soon according to Bloomberg?

[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