New year and forecasts

[1Referee]

Wow this is getting very interesting, hours after I created this thread, I went to sleep and when I woke up I looked at the price and saw this:

-snip-

The price jumped from $6900 to $7200 when I woke up,

It might look good, but all we did is have a minor increase to test the downwards sloping resistance of the descending triangle we're in. We have thus far not managed to close a 4H candle above it, which seems pretty indicative of sellers happily selling that most likely to be top. We will likely see a break before the end of next week. These patterns are bearish so don't be shocked to see the price dump to low $6000's.

Positive note is that we yet again have hit an all time high in hashrate, which could be an indication that miners for now are done dumping and thus there is less selling pressure. In case the descending triangle has a bullish breakout, low $8000's is a realistic next target. We'll see how it goes.

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[cutesgirl]

Wow this is getting very interesting, hours after I created this thread, I went to sleep and when I woke up I looked at the price and saw this:



The price jumped from $6900 to $7200 when I woke up, and for the day to get even more interesting when I went to read the news I saw this:

Bitcoin can hit 50k in 2020 very easily nexo ceo tells bloomberg

I wonder where is Tom Lee? He hasn't shown up yet to make predictions. 

Quickly jump and down for bitcoin price but never give us surprise for bitcoin can break higher price above $10k, when break out from $6,900 then up to $7,000 then bitcoin price back down with lower price under $7,000. Always repeat the same moment with bitcoin price every time and look with the lower price always, we need big change for bitcoin during when halving time raise up above $10k.

[crossabdd]

any prediction can be made, and any statement about bitcoin is free. in other sub topics many bitcoin predictions will pump. so no need to be confused. convince ourselves by reading information coming from bitcoin. I am personally optimistic that bitcoin will rise above $ 10,000 +

[alexsandria]

Image shows a crystal ball? Its quite funny to look at.

It was from harry potter forgot her name but she was a fortune teller. Well, quite connected to what the OP was trying to address.

As said about speculation from big news site doesnt really happen most of the time.
Even to those analysis made by those so called popular personalities isnt really that different compared to a normal person who do guess up on what would be the price.
For now we can conclude yet but lets hope that this would be a good year not only on bitcoin but on the entire crypto market.

Anyway, I couldn't agree more to this man. We try to figure it out but in the end we're just failing to do it so. Even the popular people out there ain't getting it right. Bunch of claims yet others get it close but most of it isn't exact. We can just conclude for now but the right action for such price would follow if it really happens.

[Soots]

Image shows a crystal ball? Its quite funny to look at.

It was from harry potter forgot her name but she was a fortune teller. Well, quite connected to what the OP was trying to address.

As said about speculation from big news site doesnt really happen most of the time.
Even to those analysis made by those so called popular personalities isnt really that different compared to a normal person who do guess up on what would be the price.
For now we can conclude yet but lets hope that this would be a good year not only on bitcoin but on the entire crypto market.

Anyway, I couldn't agree more to this man. We try to figure it out but in the end we're just failing to do it so. Even the popular people out there ain't getting it right. Bunch of claims yet others get it close but most of it isn't exact. We can just conclude for now but the right action for such price would follow if it really happens.

Let's accept the brilliant ideas with respect on awesome predictions every now and then. Making such conclusive statements was really disappointing to many people who read our comments, that's why we need to be careful in so many ways. Because we can't prevent emotional struggles isn't avoidable due to attitude problems of different person.

[lionheart78]

In my opinion the price will reach $15000 this year

It is very possible.  Bitcoin goes up to $14k last year without any major event being announced so why would it not reach $15k due to halving.  We all know that halving often gives the market a great hype and history had shown that BTC price goes up before and after the halving event.  Investors think that due to halving of the block reward, Bitcoin became more scarce and that means more demand and less supply.  With this in mind FOMO may possibly break out pushing the price of BTC higher.

[Barbut]

In my opinion the price will reach $15000 this year

It is very possible.  Bitcoin goes up to $14k last year without any major event being announced so why would it not reach $15k due to halving.  We all know that halving often gives the market a great hype and history had shown that BTC price goes up before and after the halving event.  Investors think that due to halving of the block reward, Bitcoin became more scarce and that means more demand and less supply.  With this in mind FOMO may possibly break out pushing the price of BTC higher.

It would be great if Bitcoin halving can happen at $15k price, that would be a record and great start for any further pump after the halving. We opened this year with a price of Bitcoin over $7k, it's a double more than the last year at the same time! If we see bitcoin at double price, that means $14k, at the beginning of the next year that will be an amazing success!

[bitbunnny]

In my opinion the price will reach $15000 this year

It is very possible.  Bitcoin goes up to $14k last year without any major event being announced so why would it not reach $15k due to halving.  We all know that halving often gives the market a great hype and history had shown that BTC price goes up before and after the halving event.  Investors think that due to halving of the block reward, Bitcoin became more scarce and that means more demand and less supply.  With this in mind FOMO may possibly break out pushing the price of BTC higher.

At the current moment 15000$ looks very far away although it's not impossible. The year has just begun and there is plenty of time for price to grow but I don't think that halving will be trigger for price pump. It might have positive effect but that will probably only be temprary and it will not be so significant. If price reaches 15000$ to my opinion that might happen in the second part of year.

[sisule]

In my opinion the price will reach $15000 this year

It is very possible.  Bitcoin goes up to $14k last year without any major event being announced so why would it not reach $15k due to halving.  We all know that halving often gives the market a great hype and history had shown that BTC price goes up before and after the halving event.  Investors think that due to halving of the block reward, Bitcoin became more scarce and that means more demand and less supply.  With this in mind FOMO may possibly break out pushing the price of BTC higher.

At the current moment 15000$ looks very far away although it's not impossible. The year has just begun and there is plenty of time for price to grow but I don't think that halving will be trigger for price pump. It might have positive effect but that will probably only be temprary and it will not be so significant. If price reaches 15000$ to my opinion that might happen in the second part of year.

Bitcoin raise above $15000 I think needed one year and last December 2020 become true if bitcoin keep stable with higher price, but when bitcoin always with lower price maybe many loss hope for bitcoin raise above $15000, for bitcoin raise above $10,000 in this months maybe possibility and have big chance with issue of bitcoin halving.

[naikturun]

yes we should not believe too much in predictions or such because it will not really happen.
so just respond appropriately, and also this year there will be lots of new news about crypto, hopefully that gives good news.
hope no more big crash in this year 

[Eternad]

yes we should not believe too much in predictions or such because it will not really happen.
so just respond appropriately, and also this year there will be lots of new news about crypto, hopefully that gives good news.
hope no more big crash in this year 

I stop looking at predictions, will not do it again this year. Will just watch how the candlesticks in graphs will react and perform or better will just focus in trading that waiting too much in terms in altcoins.

[piebeyb]

why should $ 1,000 why not predict to $ 0, it is more likely whether he wants to buy when it falls at a price of $ 1000, if $ 0 I will give it free for him, many predictions say prices will bleed again in 2020 and drop dramatically, was 2 years ago it's not enough for the bloody market for bitcoin and crypto, it looks like it seems like crypto experts and experts missed out on buying at $ 3,000 that time so they expect it again, I bet they force the market to go down once again, I can only give the middle finger to those who say bitcoin prices will go down and bleed for 2020 - 2021, stop other stupid plays 

[SummerBliss]

I am glad how market is still not ready to give up to bears. It is successfully maintaining the price range above $7k and bears are losing their hold. A good sign for bulls and if they push enough, price can easily go to $9k as there aren't many strong resistance till $9k if the one at $7500 is broken. I am just waiting for it to breached.
This year on the whole can be profitable due to the halving as well.

[Faxmate]

yes we should not believe too much in predictions or such because it will not really happen.
so just respond appropriately, and also this year there will be lots of new news about crypto, hopefully that gives good news.
hope no more big crash in this year 

well prediction means a forecast about something, it does not means that the prediction is real statement, it may be true or false but here the fall of bitcoin to only $1k is very much impossible, it is all about to afraid the members and make them to sell in panic, but i hope that this year will bring something good and new, and the price will not fall.

[gabmen]

I am glad how market is still not ready to give up to bears. It is successfully maintaining the price range above $7k and bears are losing their hold. A good sign for bulls and if they push enough, price can easily go to $9k as there aren't many strong resistance till $9k if the one at $7500 is broken. I am just waiting for it to breached.
This year on the whole can be profitable due to the halving as well.

I don't even think the bears are even holding the market anymore. 2019 for has been a good year in spite of us going down from above 10k. If you consider how we started that year, this is more than a decent improvement. If we can sustain this kind of movement for majority of 2020, i think there's a good chance of breaking 10 to 12k. I'm not even thinking about all time highs here. It probably will take another year or two before we get to that point again.

[jhonjhon]

No one really know what is going to happen this year, the 1k predictions may be a joke but who knows, we don’t know after halving me might experience a very low price though we are not sure to what extent it will go. This new year can either give miracles to the other way around we should be ready all the time because we don’t hold the future thus, might as well make the most of what we have while it last.

[slashz9]

after all it's just a prediction of why we have to really believe it some people also say bitcoin will reach 1 million dollars by the end of 2020 which sounds impossible for now. so let's think of it as entertainment don't take it too seriously.

[Gozie51]

I’m preparing for the best price and a worst case scenario, everything is possible. That crystal ball can tell the truth or a lie, and bitcoin is still depend on the news, demand and supply. If the halving can’t bring good prices, then we might see the real bottom of a new decade, just be ready for that and still hope for the best.

I'm not looking at worst case scenario in this year. I'm expecting that price will increase. At least for the past 3 years or so, we have had low price and very low price from what we got use to , back down to $3k.

The expectation of halving is capable of shooting price up. So I'm optimistic for price increase.

[danherbias07]

I love it more when they say it is not a joke. That will be more funny.

As of my own prediction, it might stabilize at $8-10k. It might stay that way even after the halving.
People will buy, that is a truth. They are just waiting for the right time.
Now, if this $7k will not go down anymore then they will forced to buy making demands higher again.

It will not exceed to like 5k of increase but 1k will be more realistic.

[Lucius]

why should $ 1,000 why not predict to $ 0, it is more likely whether he wants to buy when it falls at a price of $ 1000...

It was just a joke, nothing more than that, you just have to read a little further than the title.


Speculation is ultimately just speculation, and should not be taken too seriously, especially if it's just jokes. I think people are expecting too much from 2020, just because halving is going to happen. But that is unlikely to cause any drastic changes this year, at least judging by the first two halvings. Although it is quite difficult to speculate about something as volatile as BTC, I do not believe that the price can remain at this level for a long time. Accordingly, I hope there will be a positive period after halving and that the year could end with a price of between $12 000 - $15 000.

Our desires are one thing, but the reality is something else - be prepared for the bad things too, wars, a possible recession, big exchange hack and other things that are a big unknown in a rather complicated equation.