Bitcoin price: $ 12,000 is no longer out of reach

[TitanGEL]

Do you think Bitcoin price can reach $ 12,000 this February?

It's totally possible to reach that price this month, we already attain to hit the 10,000$ and by just hitting this price it causes plenty of predictions like it will gonna hit 100,000$ by the end of 2021 and many more. I just recently check the price of bitcoin and it seems we already surpass again the 10,000$ and based on the current of bitcoin it's now around 10,273$ and I'm totally looking forward if this month we can really attain to reach the 12,000$. There still a plenty of days left this month and the movement of bitcoin still looking upward and even we see a sudden drop on its price yesterday, it seems there's nothing to panic and it's normal to happen. I know there are some people who are FOMO in the current state of bitcoin, but for me, no need to carried away and just invest and hold your bitcoin.

It is possible as long as the price of the bitcoin will not break down. The current retracement of bitcoin is healthy and it seems that there will be an upward movement that will happen again but it is just my expectation and we should be aware that there is always risks. Anything can happen and we should be prepared on unexpected situation in order to lessen the risks.

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[alani123]

Many forecasts are more optimistic about bullrun of Bitcoin during 2020 rather than in 2019.

So let's cross our fingers and wait.

Well, resistance is still in place. Although, forecasts are barely right 50% of the time. Bitcoin prices are just too disconnected from real world events, it's a market driven purely by demand. Predictions are just lucky if they are right. Perhaps miners now would want to influence the markets so more of their hardware would remain profitable for mining, but really there isn't much that can be done. Prices will eventually follow the money no matter how much subjugation any party could force on them. At this time indeed the sentiment appears to be more positive but there's no signs of strong support either.

[Republikcoin.com]

I think that in February we will not see such a rapid rise in the price of Bitcoin for $ 12,000, but nevertheless I hope for a continued increase in Bitcoin this year. 

the price of $ 12,000 will be reached this year, I'm very sure of that. other than that, I think that the price of bitcoin can really reach prices that exceed $ 15,000 this year. however, current developments make it possible to reach the price of $ 12,000 before halving arrives, and after halving, bitcoin will provide other expectations. of course it is a higher price.

[maydna]

Well, I believe $12,000 will happen this year, but it still difficult if the price will reach that price this month because we are back at the lower price, and it will need more time to increase. We need to see bitcoin price break $11,000 first before the price can rise higher because bitcoin price before is almost touched $11,000. We need to have more patience to wait and see the price will hit that price, and this time, bitcoin price adjusts the price before the price can increase higher. I think sooner or later, the price will break every highest price and no matter if the price moves fast or slow, we will see a new highest price this year.

[Baofeng]

Well, I believe $12,000 will happen this year, but it still difficult if the price will reach that price this month because we are back at the lower price, and it will need more time to increase. We need to see bitcoin price break $11,000 first before the price can rise higher because bitcoin price before is almost touched $11,000. We need to have more patience to wait and see the price will hit that price, and this time, bitcoin price adjusts the price before the price can increase higher. I think sooner or later, the price will break every highest price and no matter if the price moves fast or slow, we will see a new highest price this year.

Yes, but today we wake up with a some retracement so I guess that $11k-$12k target will have to wait a big longer as expected. This kind of correction though looks healthy, at least we didn't see some artificial pump from $9k-$12k in short amount of time. Otherwise it will be a bubble that needs to be burst. We need more patience here, at least a good 5 digits at the end of this month is not that bad.

[tbterryboy]

As long as corrections keep happening the price will not really make that much of a new high because the higher the price gets the more people start to sell to take out profits which results with us not making as much profit as we normally could.

Of course, we still could see higher prices but we need to make sure first the people who want to sell at those prices ends up selling all their money and we do not have any people left in those prices that end up selling, if we get rid of those people then we can actually move higher without any sell pressure on us. That may take some time but the important thing is to not give up, as long as we do not give up, we will drop a few hundred and try to go back and constantly do that, if we don't give up eventually that will stop and we will start to go beyond those levels.