Is Bitcoin going to $9200?

[Aying]

Although I am very bullish on BTC, I am tired of speculations and analysts dropping one prediction or the other. It will moon when it will, just buy and hodl.

I have stopped refreshing coinmarketcap.com and I am waiting for major events before checking my portfolio again. The whales are just manipulating the market by pumping a little and dumped again. I am tired of watching the market up and down within a short period of time.

Everyone's feelings are the same, btc is being more manipulated this days and the new investors are having fear to take a risk for a long term investment this year. so we can expect the real pumping in mid 2020 or expect the worst that might happen. all prediction that came out, no one get hint of the price. for me I will focus on potential altcoins than to check btc price daily.

[bitbunnny]

Although I am very bullish on BTC, I am tired of speculations and analysts dropping one prediction or the other. It will moon when it will, just buy and hodl.

I have stopped refreshing coinmarketcap.com and I am waiting for major events before checking my portfolio again. The whales are just manipulating the market by pumping a little and dumped again. I am tired of watching the market up and down within a short period of time.

Again there are whales to be blamed for low Bitcoin price. It's funny how often it's being mentioned that Bitcoin price is manipulated so come is than better than fiat currencies.
I think that whales are given a lot more lower than they actually have in reality and that people just need a culprit for the price range that isn't in their favour.

[LUCKMCFLY]

~snip~

The analysis he does is with a triangle, the truth is that sometimes I don't understand the theory about the triangle much, I prefer to see the volume, some who have the paid version in tradingview and tensorcharts, have a tool called volume profile, which shows the negotiations where they have more interest, which changes according to the period chosen, in the same way in the article they talk about a short-term rally, however, it must be taken into account that in this month the demand increases, the emotions Sometimes they move the market and especially try to understand what whales can do. In my personal opinion, it is a good time to wait at least a few days to see what movements can originate in the market, to react.

[Rasa nanas]

in my opinion the price of bitcoin will remain in the range of $ 7k until the turn of the year. there is currently no strong push to reach $ 9200. It seems like people don't believe anymore if the price of bitcoin will go up at the end of the year. if I look at market conditions it looks like the downtrend is still happening, that means $ 9200 won't be reached in the near future.

[Kelvinid]

in my opinion the price of bitcoin will remain in the range of $ 7k until the turn of the year. there is currently no strong push to reach $ 9200. It seems like people don't believe anymore if the price of bitcoin will go up at the end of the year. if I look at market conditions it looks like the downtrend is still happening, that means $ 9200 won't be reached in the near future.

I may not be agreeing( bold letters) this one. We still have a big chance to move higher even reaching into $12k or more. The market even reaches $20,000, why not it won't happen again, and even though we got no strong support this year but can't say that it could be the same next year.
Bitcoin halving will come next year and so it believes that it has a positive impact to the market and could possibly be a way to reach another ATH.

[2double0]

Bitcoin had been following a pattern set by some bots playing it exactly as the big guys want it to. The $6500, $7000, $7350, $8200, $9540 and $10012 are some of the major S&R levels to watch for. I don't mind speculating but don't believe in them any better because what is meant to meet in shots, is met with assurance and the levels are required to be touched to complete the legs the bots are programmed for. Although I see Bitcoin to touch $6000 and may be lower once again, I do not see longs getting done with their part yet, so you can expect them to take BTC above $10000 again.

[Natalim]

In the coming days as per the article it says it will break $9400, however it seems like it does not happen yet, instead BTC now drop below $7K and this is not the direction we like to see, in 2 weeks remaining this, I have doubt that we can still reach at the target of OP. honestly....

[Barbut]

In the coming days as per the article it says it will break $9400, however it seems like it does not happen yet, instead BTC now drop below $7K and this is not the direction we like to see, in 2 weeks remaining this, I have doubt that we can still reach at the target of OP. honestly....

I saw some predictions and discussions that Bitcoin is going to $5K. In the last couple of weeks, the Bitcoin price is in a downtrend, will it go back to $9K or will it drop to $5K is a million-dollar question, and probably no one can give 100% accurate prediction. We can hope that this drop is just temporary and that soon we will go back to 9K, this bearish trend lasts for a long time, it would be nice to get out of it.

[BitcoinHunt3r]

Bitcoin is currently showing signs of collapse in the short term. If the support level of 7000$ is broken, the price of BTC will certainly go down to 5800-6000$. But in the long run until April 2020, I think BTC will go up again because of the halving event. Price of BTC if pumped will surely surpass 10,000$

If the support of 7,100 dollars is broken, the price of bitcoins could continue to fall to 5,800 dollars and even further fall.
Right now we don't need to panic because there is also a tendency of slight price recovery. And let's look forward to next year as there are definitely a lot of fuds to go around.

We can't expect that price may recover if people will set their buying price at the very low and some sellers may catch those prices cause they are already been caught by FOMO. If we would like to move Bitcoin price back high again, we just hold our BTC's right now and wait until the price will show recoveries.

At least we do something that can help bitcoin price, and help our investment too. I think holding with patient is not a bad thing, when maybe other people say bad about bitcoin price, i think if we really believe, holding is our chance to get profit more than it and at least we're not suffer because regret when we sell it in hurry and then price back to be better in future.

Being a patient person can sometimes lead you to huge losses. There are a lot of stories who hold their coins in a long time because they have a lot of patience and the result is negative. We should know when to hold or when to sell our bitcoins. I do not hold when the market is red because I'm aware that I will experience losses. I will only hold when the trend is green where the price is rising.

Actually it is right, because for who bought in high price especially who bought when bitcoin price reach it's ATH will feel huge loss until now. Maybe in investment is all about perspective because maybe there are a lot of people who start to hold bitcoin when it is on cheap price, by the way it is include me, that is what i said that be patient to hold is good. Although actually i missed peak of bitcoin price in past because already sold mine little by little.

[arwin100]

In the coming days as per the article it says it will break $9400, however it seems like it does not happen yet, instead BTC now drop below $7K and this is not the direction we like to see, in 2 weeks remaining this, I have doubt that we can still reach at the target of OP. honestly....

For this year maybe it will never happen since many afraid to stake on the current market condition since it's been predicted that it could ever dump for more and hopefully we can see a great recovery in first quarter next year since if the dump will continuously occur maybe we will lose a lot of supporters since many people will flee away if halving will not bring any satisfactory effect to the people.

[Bossian]

In the coming days as per the article it says it will break $9400, however it seems like it does not happen yet, instead BTC now drop below $7K and this is not the direction we like to see, in 2 weeks remaining this, I have doubt that we can still reach at the target of OP. honestly....

I saw some predictions and discussions that Bitcoin is going to $5K. In the last couple of weeks, the Bitcoin price is in a downtrend, will it go back to $9K or will it drop to $5K is a million-dollar question, and probably no one can give 100% accurate prediction. We can hope that this drop is just temporary and that soon we will go back to 9K, this bearish trend lasts for a long time, it would be nice to get out of it.

For me it's pretty obvious it goes to 9k first, before falling to 5k, I mean look at the trend. Lower high after lower high, so we are expected to see another "lower high" around 9k, and then we will go below 6k but not before 6 months from there.

Lower highs since the run at 13.7k in June were around 12k, then around 10.5k... this is typical of a downtrend.

A bullish run is really hard to imagine right now, there need to be a lot of belief, a lot of new blood and some big investors to change the current trajectory of Bitcoin price. I also believe big money will be invested in gold in the next 2 years.

[senne]

Bitcoin is breaking major support one after the other. This isn't the good sign for the end year. Usually, during the end of the year, people go on holidays, take out money from the assets and dont prefer trading. This will effect bitcoin price adversely.

So I am expecting more melt down in term of prices than any hope of recovery. If price had to go up, it would have been by now. Also, if you look at charts, major bitcoin holder have accumulated lot of bitcoin and are away from trading. This could lead to some major price action in coming weeks or months.

[luckyflop]

Agree with your opinion, the market always collapses at the end of the year and there is no volume.I don't know what the exact reason is but it always happens, maybe they are consolidating profits at the end of the year and do not want to invest in anything else at this stage. So the price of BTC and altcoins continues to collapse as people have no need to buy, given the current situation, I hope in the first months of 2020 BTC can rise to $9000-10000 before halving in May

[BartS]

Agree with your opinion, the market always collapses at the end of the year and there is no volume.I don't know what the exact reason is but it always happens, maybe they are consolidating profits at the end of the year and do not want to invest in anything else at this stage. So the price of BTC and altcoins continues to collapse as people have no need to buy, given the current situation, I hope in the first months of 2020 BTC can rise to $9000-10000 before halving in May

Another possibility for the decrease in the price of bitcoin probably has to do with the holidays, at this time many people take a break from everything that they are doing and prefer to spend time with their families and they don't have the time to watch the markets as they usually do.

So they prefer to close their positions instead of maintaining them open and risk losing money when they are looking away, this could increase the supply of bitcoin in the markets and decrease the demand as well and this always makes the price to go down.

[Republikcoin.com]

Bitcoin is breaking major support one after the other. This isn't the good sign for the end year. Usually, during the end of the year, people go on holidays, take out money from the assets and dont prefer trading. This will effect bitcoin price adversely.

So I am expecting more melt down in term of prices than any hope of recovery. If price had to go up, it would have been by now. Also, if you look at charts, major bitcoin holder have accumulated lot of bitcoin and are away from trading. This could lead to some major price action in coming weeks or months.

As you said, the year-end decline usually occurs because of the effects of the holidays.  so, I think it's quite difficult to reach the price of $ 9k at the end of this year.  in fact, falling prices to reach the level of $ 6k is one proof.  however, reaching just $ 7,500 for the end of this year is a good achievement.
And more, there is still potential for bitcoin prices to fall lower, so it's quite difficult to expect bitcoin to reach $ 9k

[matchi2011]

Bitcoin is breaking major support one after the other. This isn't the good sign for the end year. Usually, during the end of the year, people go on holidays, take out money from the assets and dont prefer trading. This will effect bitcoin price adversely.

So I am expecting more melt down in term of prices than any hope of recovery. If price had to go up, it would have been by now. Also, if you look at charts, major bitcoin holder have accumulated lot of bitcoin and are away from trading. This could lead to some major price action in coming weeks or months.

As you said, the year-end decline usually occurs because of the effects of the holidays.  so, I think it's quite difficult to reach the price of $ 9k at the end of this year.  in fact, falling prices to reach the level of $ 6k is one proof.  however, reaching just $ 7,500 for the end of this year is a good achievement.
And more, there is still potential for bitcoin prices to fall lower, so it's quite difficult to expect bitcoin to reach $ 9k

We never know what to happen after some time there's still a lot of time since the holiday season is approaching and we know that money either to flow or it will be decrease it will be depends from how traders will show support or withdraw their funds. Everything still possible and things might happen in a quicker manner.

[crossabdd]

it turns out to be broken for the pattern prediction. I say no for now. because the decline in bitcoin is still continuing. I think bitcoin will reach $ 9200 after halving happens. and that's 2020. But I can't guarantee that. bitcoin doubts are very much now. especially from new investors. so that support continues to fall. I think there is only one reason. when whales has cleaned up people who panic about bitcoin. a pump will be carried out.

[Natalim]

In the coming days as per the article it says it will break $9400, however it seems like it does not happen yet, instead BTC now drop below $7K and this is not the direction we like to see, in 2 weeks remaining this, I have doubt that we can still reach at the target of OP. honestly....

For this year maybe it will never happen since many afraid to stake on the current market condition since it's been predicted that it could ever dump for more and hopefully we can see a great recovery in first quarter next year since if the dump will continuously occur maybe we will lose a lot of supporters since many people will flee away if halving will not bring any satisfactory effect to the people.

What we can do is just remain hopeful for recover.
Actually this year there was a recover, btc reach $13,000 but it's just sad that we are expecting we will finish strong this year but it seems it will not happen.

[lienfaye]

it turns out to be broken for the pattern prediction. I say no for now. because the decline in bitcoin is still continuing. I think bitcoin will reach $ 9200 after halving happens. and that's 2020. But I can't guarantee that. bitcoin doubts are very much now. especially from new investors. so that support continues to fall. I think there is only one reason. when whales has cleaned up people who panic about bitcoin. a pump will be carried out.

Even there's a btc halving next year it cant guarantee anything and we are hoping this event will trigger the price to pump just like what happened in the history. This year is going to end and some of us are expecting to have a price recovery but it seems everything is uncertain and what we can do is to wait.

[btc_angela]

it turns out to be broken for the pattern prediction. I say no for now. because the decline in bitcoin is still continuing. I think bitcoin will reach $ 9200 after halving happens. and that's 2020. But I can't guarantee that. bitcoin doubts are very much now. especially from new investors. so that support continues to fall. I think there is only one reason. when whales has cleaned up people who panic about bitcoin. a pump will be carried out.

It only means that there are no clear patterns here, we thought that $9k is possible, but damn, we're all wrong here, or least majority of us are still hoping for a good run at the end of the year. Trading volumes though are still good, but I don't know, maybe there are factors from behind that is really pulling the price in the last couple of weeks.