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

[Desscount]

Well, BTC continues to star again and joined 10k club of 2020. It's clear that we are in bullish trend now and I wish to continue the same in upcoming days too, as everyone already know that halving is a big advantage to pump again and I believe the value of BTC might pump atleast 100% so eventually the price will continue to increase.

the price of bitcoin is indeed still in a bullish trend, and it still has the potential to return to $ 12,000 like last year, but it must be supported by good news and whales must enter, I'm worried if whales will play before halving

[Latviand]

The possible outcome is there with the steady growth so far from last month till now it has been strong signal. The $10,000 for instance can be tested this week or next and if that is broken, I see it hitting $12,000 with a spike maybe.

It is really that difficult to determine at this moment. The price seems to be a bit stable at this point and is not showing signs of its actual direction. But once it continue breaking the $11,000 mark, I would bet that it will be continuous for maybe until it reach $13,000 or a value close to this and won't be that high given that there is still an expected halving to happen that would pull down the price of Bitcoin.

Well, BTC continues to star again and joined 10k club of 2020. It's clear that we are in bullish trend now and I wish to continue the same in upcoming days too, as everyone already know that halving is a big advantage to pump again and I believe the value of BTC might pump atleast 100% so eventually the price will continue to increase.

the price of bitcoin is indeed still in a bullish trend, and it still has the potential to return to $ 12,000 like last year, but it must be supported by good news and whales must enter, I'm worried if whales will play before halving

Whales would probably play the game after halving and it might be the key to the 'true' bullrun in the market price of Bitcoin. But since no one knows when will halving occur, it is hard to make a decision at this moment whether to invest already or wait for a little more. But I think the price of 12k-usd mark would be possible soon.

[Williams_Leo]

Well, BTC continues to star again and joined 10k club of 2020. It's clear that we are in bullish trend now and I wish to continue the same in upcoming days too, as everyone already know that halving is a big advantage to pump again and I believe the value of BTC might pump atleast 100% so eventually the price will continue to increase.

the price of bitcoin is indeed still in a bullish trend, and it still has the potential to return to $ 12,000 like last year, but it must be supported by good news and whales must enter, I'm worried if whales will play before halving

Agree it is still in an uptrend but today, the stress and fatigue has shown very clearly in this long journey because we should understand that each milestone of bitcoin will need a lot of capitalization to achieve, it needs adjustment when it went up so fast and there was no time to stop, the market is lacking too much capital so bitcoin can break through the next milestones. And to make up for the shortfall and continue the journey, we can see that altcoins will be pumped for days, bitcoin's capitalization will need to decrease, $12k will become further in the coming months.

[Meowth05]

In the past few hours, although the gaining momentum has temporarily halted at the threshold of 9,700 USD, recent signals that a breakout above 10,000 USD is quite likely to happen.

As cryptocurrency analyst Eric Hoka tweeted that “given some technical signals and the halving event of bitcoin is approaching, I believe bitcoin will soon retest the $ 10,000 mark this month, even $ 15,000. It must be hard when halving is near. ”

The price of bitcoin over the past 24 hours has ranged from a low of $ 9,714 to $ 9,872. Bitcoin's market capitalization is recorded at $ 176 billion, accounting for 64.3% of the total market value.

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

I guess Bitcoin will do hit $ 12,000 worth value of Bitcoin or even more eventually as halving getting closer. Everyone thinks that we were in the bull trend and even there is some analysis come from crypto enthusiast tell that Bitcoin will skyrocket.

[buwaytress]

Barely touching the levels of the day this thread was created but yeah, this is exactly the profit taking I knew was going to happen at 10k. How can speculators be ignoring the "easy gains" of what? 35% since 1 Jan 2020? Double-digit profit's the holy grail as it is for most short term speculators so this is dreamland for those who waited a couple more weeks.

The surprise is that the pullback isn't more pronounced!

[ballerin and giroud]

It will be easy if this good sentiment market keep running. When bitcoin price was $8000 we all hope that bitcoin price will up higher than that, and now $10000 has reached although we are meeting a correction and I'm sure that will just for a while and we will see the price of bitcoin will be up again soon. Halving event will be one of the factor bitcoin price going up, the investors will have confident against it since we just focus on it in a few months back. There is no need to worry, bitcoin price will up and keep hold your bitcoin don't take any decision beside hold and you will gain the profit as you want.

[Mpamaegbu]

In the past few hours, although the gaining momentum has temporarily halted at the threshold of 9,700 USD, recent signals that a breakout above 10,000 USD is quite likely to happen.

As cryptocurrency analyst Eric Hoka tweeted that “given some technical signals and the halving event of bitcoin is approaching, I believe bitcoin will soon retest the $ 10,000 mark this month, even $ 15,000. It must be hard when halving is near. ”

The price of bitcoin over the past 24 hours has ranged from a low of $ 9,714 to $ 9,872. Bitcoin's market capitalization is recorded at $ 176 billion, accounting for 64.3% of the total market value.

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

Despite the fact that this industry is a very speculative one, I can confidently say that 2020 is going to be a very good year for Bitcoin considering the halving coming up in May or so. We have already seen $10,000, though RS hasn't been broken yet. $12k is within reach once $10k is breached. Bitcoin has the history of doing even over $3k in a day's spike.

[Lucius]

How can speculators be ignoring the "easy gains" of what? 35% since 1 Jan 2020?
The surprise is that the pullback isn't more pronounced!

It's definitely hard not to react and take advantage of opportunities like this, at least for those who are experienced traders. 35% seems quite unreal even if one looks only at the beginning of the year or a little before that, but it seems that most still choose to hold and not to gamble with "sell high, buy low".

Correction is for now only $300, but it seems that price is recovering (now $9900) and that may actually be a good sign that the bulls are still much stronger than the bears. This is definitely an exciting time, the beginning of the year is completely positive, as the saying goes "if the day is known by the morning" this will be one very exciting year for BTC.

[jostorres]

People are forgetting the price movements of bitcoin quite quickly in this market. Have we already reached to a point where people are requiring a reminder that we were literally at around 14 thousand dollars per bitcoin yet dropped afterwards to as far as a bit under 7 thousand, why do we suddenly think that $12k would have been out of reach at all? We have peaked from $3.5k to $14k, we are certainly more than capable of reaching from $7k to over $12k very easily if that was what we are after.

What we should be after however is a constant increase that isn't followed by a big drop, we could very well go above 20 thousand as well, nobody would be too shocked about such a big increase, sure we are not expecting it but we know it could potentially happen, if that were to happen, the real problem is not reaching it, the real problem is not following it with a %80+ increase.

[boltz]

Let's no rush again guys as we're back under 10k$ again with a good bunch of buy support going even lower than 9k$ so I'm hoping that we can still hold this position and maybe climb back to 10k$ and more. Last days were great for cryptocurrencies as we saw Bitcoin engine getting started just a little bit, we saw great altcoins ( Blocknet ) going up a lot after the super block vote and a lot of fresh news coming into the cryptocurrency space so my I'm asking myself : Is Bitcoin going mainstream again soon  ? I think yes.

[FanEagle]

12 thousand dollars will happen sooner rather than later and people do not realize how sooner it will be.

First of all, 12 thousand dollars is something we have already achieved during 2019 so its not really an insane number anymore, in 2018 it looked impossible since we were going to $6k and than $3.5k, but now we have passed it already once, we can pass it again.

The other reason is we have already increased from $7k to $10k which is a $3k increase, adding another $2k on top of that increase doesn't seem all that shocking.

[andamarina]

As i speculate bitocin drop again under 10k, i think is still a bit earlier to start the big bull run, maybe after halving will start.

[AakZaki]

I don't think 12K USD is possible for this month, 11K USD seems okay for February. Though I am not sure because the month just started, another 20 days are left, so, anything can happen. The way Bitcoin price increasing if 10K USD breakout happens then 11K USD will be done easily!

Yes, I also agree with you, according to the technical analysis of the 1D time frame, the price of bitcoin will only reach $ 11,300 at the highest resistance this month.

And if that really happens then the trading volume will certainly be higher, and in the end, the next month the price of bitcoin will have a higher resistance line.
Currently the price of bitcoin must pass $ 10,300 to reach the highest price this month.

[Viscore]

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

There's still plenty of time, I have no doubt bitcoin could reach that price and we will again make this market more hype.

Bull run! Bull run! Bull run! Bull run!... that's the words that's in our mind so the more the hype the higher the uptrend pressure we might witness and we know when the price is doing good, media would help with their very positive publication.

[FanEagle]

I don't think 12K USD is possible for this month, 11K USD seems okay for February. Though I am not sure because the month just started, another 20 days are left, so, anything can happen. The way Bitcoin price increasing if 10K USD breakout happens then 11K USD will be done easily!

Yes, I also agree with you, according to the technical analysis of the 1D time frame, the price of bitcoin will only reach $ 11,300 at the highest resistance this month.

And if that really happens then the trading volume will certainly be higher, and in the end, the next month the price of bitcoin will have a higher resistance line.
Currently the price of bitcoin must pass $ 10,300 to reach the highest price this month.

There is no hurdle for bitcoins to reach $10,300 with the current average speed. Maybe in 1 or 2 days we might see bitcoins surpassing $10.3K which would than start the rally towards $12k. Bitcoins might have to struggle a lot at around $12k because it would not be possible to cross $12k without expecting a dump. Bitcoins are getting more volatile these days which is keeping a huge gap between the 24 hours low and 24 hours high price.

We could almost see the difference of $1000 at these two points which might be the most beneficial part for short term traders. These huge volatile graphs would get more volatile and maybe we could even see a price movement of $2000+ in the coming few months. This would accelerate the bull runs and would bring them closer.

[sana54210]

What I think is that price for bitcoins can reach $12000 in few coming days itself or maybe a week. The graphs have started showing us significant growth and compiling various graphs leads me to a decision where I could see bitcoins crossing $11,900 in a week which is almost $12k. This would make bitcoins stay on the mark price for some days and again it might start showing us some growth which would move towards the next target. This year, bitcoin halving is really going to show us a massive pump and we could even see 4 times more price than we saw at the mid 2017 and this is what makes me predict the price for bitcoins in few coming days.

[BrewMaster]

Barely touching the levels of the day this thread was created but yeah, this is exactly the profit taking I knew was going to happen at 10k. How can speculators be ignoring the "easy gains" of what? 35% since 1 Jan 2020? Double-digit profit's the holy grail as it is for most short term speculators so this is dreamland for those who waited a couple more weeks.

The surprise is that the pullback isn't more pronounced!

the profit is mostly cashed out before the $10k rise in the previous corrections and the buy backs have also happened too. that is why the so called "correction" after the $10k+ wasn't even significant and it leads me to believe that it was only whales trying to pull the price back down rather the traders selling to take profit.

[plvbob0070]

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.

[FGT]

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

So let's cross our fingers and wait.

[Spaffin]

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.  First of all, I am sure that the next halving in May 2020 will bring very good results.  The fact is that if you look at the previous reduction in rewards for miners by half, we will see that after 2013, Bitcoin increased by 12,000 percent, and after 2016, Bitcoin increased by 13,000 percent.  Accordingly, I expect the same results after halving 2020.