What will Bitcoin do next in the near term?

[Silberman]

So Bitcoin has been sitting around $7000 for quite a while now.

What do you think the next significant move will be? Up or down? Down to low <=$6000s or up to >=$8000s?

And when do you think it'll make this next move? Jan? Feb? Later?

Just as you started this thread bitcoin gave us the answer, bitcoin moved to 8000 dollars really quickly and this could be a very good signal for all of those that are waiting that the halving is going to bring us a new bull market, and while that is a very strong possibility I'm still not so sure that the bull market is going to happen before the halving as many people are speculating, so you still have a significant amount of time to buy bitcoin before it goes up once again.

[cotton ball]

So Bitcoin has been sitting around $7000 for quite a while now.

What do you think the next significant move will be? Up or down? Down to low <=$6000s or up to >=$8000s?

And when do you think it'll make this next move? Jan? Feb? Later?

Just as you started this thread bitcoin gave us the answer, bitcoin moved to 8000 dollars really quickly and this could be a very good signal for all of those that are waiting that the halving is going to bring us a new bull market, and while that is a very strong possibility I'm still not so sure that the bull market is going to happen before the halving as many people are speculating, so you still have a significant amount of time to buy bitcoin before it goes up once again.

Bitcoin look make pattern to buy again after many time back with lower price, although have moment with bitcoin to buy and re investing again, you can check how bitcoin make pattern form where higher and lower and now moment for bitcoin back with higher price again with most expensive price.

[Febo]

In last months there seems to be sentiment that Bitcoin should go quite low in February and March. To sub $6000 levels or even make new bottom. But with every day that passes, that is less possible. Halving is approaching and there will fro sure be a prehalving pump with all the hype so many are building about halving.

[Silberman]

In last months there seems to be sentiment that Bitcoin should go quite low in February and March. To sub $6000 levels or even make new bottom. But with every day that passes, that is less possible. Halving is approaching and there will fro sure be a prehalving pump with all the hype so many are building about halving.

While reaching such low bottom is now very unlikely it is still not completely out of the picture, everything will depend on whether or not bitcoin is capable of closing above 9000, if that happens then immediately there is going to be a very bullish reaction to that, but every time the price of bitcoin gets close to that level the bears react very aggressively, they are defending that level to the best of their ability and if they are successful I will not be surprised if we go back to 8000 once again.

[wxxyrqa]

In last months there seems to be sentiment that Bitcoin should go quite low in February and March. To sub $6000 levels or even make new bottom. But with every day that passes, that is less possible. Halving is approaching and there will fro sure be a prehalving pump with all the hype so many are building about halving.

While reaching such low bottom is now very unlikely it is still not completely out of the picture, everything will depend on whether or not bitcoin is capable of closing above 9000, if that happens then immediately there is going to be a very bullish reaction to that, but every time the price of bitcoin gets close to that level the bears react very aggressively, they are defending that level to the best of their ability and if they are successful I will not be surprised if we go back to 8000 once again.

According to the analysis of some analysts on the cryptocurrency market, we should observe what is happening until April, and if the Bitcoin rate gradually increases in price to $ 9,500, then it is expected that the whole of 2020 will be successful.  But if the results are completely different and Bitcoin does not reach this milestone, then the entire cryptocurrency market expects a rollback.  Indeed, the price may go down to $ 8,000.  at least for today I do not see any special factors that would affect the cryptocurrency market, but nevertheless, the price movement over the past week has been very active.

[onyek16M]

So Bitcoin has been sitting around $7000 for quite a while now.

What do you think the next significant move will be? Up or down? Down to low <=$6000s or up to >=$8000s?

And when do you think it'll make this next move? Jan? Feb? Later?

I think the next in near time, bitcoin always tend to rise price. in my opinion it cause imlek coming, but after imlek happen the bitcoin price still increase high price its make possible that bitcoin price can reach at $10,000 in the next month.. for me i still wait for this if it really happen then bitcoin reach $10,000 is good alerts that bitcoin halving will happen

[STT]

The way BTC is piled up against 9000 I guess looks bullish, I think they call this a bull flag as the pole then the triangle like shape at the top predicts a resumption to that ascension.



Here is price vs the 2 day average, its quite close but still further ahead of the weekly average.   Price seems positive still, I'm not yet expecting larger prices until we get a proper reset around a support line.   Selling into support and then a rise from there would suggest we go past 10k and so on.

[Silberman]

In last months there seems to be sentiment that Bitcoin should go quite low in February and March. To sub $6000 levels or even make new bottom. But with every day that passes, that is less possible. Halving is approaching and there will fro sure be a prehalving pump with all the hype so many are building about halving.

While reaching such low bottom is now very unlikely it is still not completely out of the picture, everything will depend on whether or not bitcoin is capable of closing above 9000, if that happens then immediately there is going to be a very bullish reaction to that, but every time the price of bitcoin gets close to that level the bears react very aggressively, they are defending that level to the best of their ability and if they are successful I will not be surprised if we go back to 8000 once again.

According to the analysis of some analysts on the cryptocurrency market, we should observe what is happening until April, and if the Bitcoin rate gradually increases in price to $ 9,500, then it is expected that the whole of 2020 will be successful.  But if the results are completely different and Bitcoin does not reach this milestone, then the entire cryptocurrency market expects a rollback.  Indeed, the price may go down to $ 8,000.  at least for today I do not see any special factors that would affect the cryptocurrency market, but nevertheless, the price movement over the past week has been very active.

After a few days of traders trying to make the price of bitcoin to go above 9000 we saw a very important correction and now the price of bitcoin is trading at a key level, if we can sustain that level then your prediction about bitcoin reaching 9500 during the next month is completely possible and we could see a very positive year for the market of cryptocurrencies, but if that level doesn't hold up then we're going to get a problem and most likely the bull run will have to wait until after the halving.

[Wexlike]

Bitcoin back with lower price first before growing up to higher price again and make new hope with bitcoin until halving time moment coming, maybe few days later bitcoin back with lower price under $8,400 and growing to higher price after Chinese new year and touch more than $12k before halving time is coming and make bitcoin have higher price again.

Sideways consolidation (=time correction) it is. I also expect some bumps in a tiny trading range, which is not really worth to trade. Weaker hands have the chance to sell their sub $7k coins for a nice profit, but the market will definitely move higher from here.

[ReiMomo]

Bitcoin back with lower price first before growing up to higher price again and make new hope with bitcoin until halving time moment coming, maybe few days later bitcoin back with lower price under $8,400 and growing to higher price after Chinese new year and touch more than $12k before halving time is coming and make bitcoin have higher price again.

Sideways consolidation (=time correction) it is. I also expect some bumps in a tiny trading range, which is not really worth to trade. Weaker hands have the chance to sell their sub $7k coins for a nice profit, but the market will definitely move higher from here.

That is right, the current market situation that we have witnessed now is just having small corrections. Even though others speculations are saying that bitcoin price has been manipulated and I am sure that is also one factor of sudden up and down of price in the market. Panicking is not a good idea and it won't help the entire market makes healthy. Just wait and hold on until the event of next halving that it will end, for sure there's a massive price hike after a month.

[Aikidoka]

So Bitcoin has been sitting around $7000 for quite a while now.

What do you think the next significant move will be? Up or down? Down to low <=$6000s or up to >=$8000s?

And when do you think it'll make this next move? Jan? Feb? Later?

I think that bitcoins price will increase from now on. We were noticed that the price went up in the last few days but currently it seems like it's into correction or probably because of what happened to the guy Peter Schiff who lost a lot of bitcoins cause he forgot his password.

[YOSHIE]

And when do you think it'll make this next move? Jan? Feb? Later?

Everyone has their own analysis / chart when determining the price of Bitcoin whether it goes up or down.

We can take as an example from the prediction or development of bitcoin from year to year.
My opinion Bitcoin this year will also increase, if reviewed from 2017 to 2019 also has increased in different months, but if I say, the possibility of bitcoin this year will experience a peak in the 8th month until the end of 2020, this is my thinking, can be wrong and can also be right.

The point is: have you invested Bitcoin this year for futures.

[Baoo]

To be honest, we can't predict the next Bitcoin's price in the near future, because the unexpected volatility are always existed in the market due to the manipulation of the whales and other reasons related to some countries like, China.
Hopefully that Bitcoin will rise with a big amount during this year. For now, we have seen a good start in this month. Fortunately, Btc rised with an acceptable percentage ( +20% ) despite there is a little dump in this current period but it is expected IMO. Let's HOLD and wait for the next halving just few months left.

[STT]

Its a good time to be watching right now I think though BTC is sporadic in movement, we are on a division between positive and negative movement imo.   Blue on this chart is where I regularly watch to observe a sentiment change in near to medium term as it represents momentum over a rolling week average.    We clearly gained alot upto 200 day but also saw selling after this from speculators closing positions




What I want to see really is confirmation of some support, so that can come in now at 8600 area and move higher for another take at the high there for longer term positivity or we can retract a little further back to what I expect is 8000 area.   This is an old negative trend, also relevant is 50 day (7600) but I consider that not immediate support for price but an indicator.

[piebeyb]

for now the price of bitcoin is rising now and even seems like bitcoin continues to hold at $ 8600, will it continue to go when it actually enters the weekly trend, if we enter that trend we will see prices will be higher above $ 10k, but it seems we are still walking leisurely enjoy it out of this January, prices don't seem to be low under $ 7k anymore according to my analysis and if it continues to play at a price above $ 8000 until februari later everything will be fine stable until finally the price rises even sharper in some time

[Reid]

2 weeks away from this posts and we are seeing quite good difference in price.
I bet everyone should be happy by now. Are they? Or is it still not enough?

I think April will be the real deal here. When it is so near the halving that people will panic.
Something like a Panic buy when all is said and done.
My prediction is that, it will really cost them a lot at that time telling themselves I should have bought it before.

[Yamifoud]

We are moving forward back then, at last. I don't think that this upclimbing trend is just because of the upcoming halving, may there is something behind on it or it means that the market is gaining huge resistance by now. It is been alike that we are getting close to the bullish market. Looking forward to more market surge in the coming days...

Anyway, we are still early to say something for the bullish, yet to be exciting to see but I don't like to expect more at this time just like what most did.

[sayaya17]

We have seen that the price of bitcoin is now rising and this is a good sign, isn't this what we all want. we are all bored continue to be in a bearish market and now it is time to be bullish but still with an increase that goes slowly. Due to bitcoin halving information, the demand for bitcoin is increasing and this is affecting the current price of bitcoin. If you want bitcoin to rise steadily, it's better that we are all compact to buy bitcoin.

[Republikcoin.com]

We are moving forward back then, at last. I don't think that this upclimbing trend is just because of the upcoming halving, may there is something behind on it or it means that the market is gaining huge resistance by now. It is been alike that we are getting close to the bullish market. Looking forward to more market surge in the coming days...

Anyway, we are still early to say something for the bullish, yet to be exciting to see but I don't like to expect more at this time just like what most did.

I am pretty sure that the next move will be price increases. I also think that halving will be the trigger. although there are some people who don't expect much on halving, but I'm pretty sure that with halving, other developments will be triggered, and make the price of bitcoin, or crypto, be higher. as you said, it's too early to say that, but we can see it in the next few days.

[btccashacc]

If we take a look at the price right now, bitcoin tends to be stable and increasing slowly, even though it was drop but not too much I think it was just a correction, I believe this is due to people are collecting and holding their bitcoin right now until halving occurs. And this will be stable and perhaps the price will increase for the next 4 months where halving will take place, hoping there's no issue or an accident like hacking or something that can drive bitcoin's price down.