Is 12K USD is the next target?

[ice098]

From the recent rise it is now currently correcting itself and hope that it will stay at this level.
We are far from $12k and only another pump will make it but eventually correct again to $10k

What's behind after that price speculations? Will it pump faster or again fall back down into same behavior. It was so tired to see the unpredictability of the market, and I can't analyze even better once bear market took dominance. Corrections was already happening, and we're only waiting for the exact moment that this entire bitcoin market will soon increase its capability.

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[rodskee]

From the recent rise it is now currently correcting itself and hope that it will stay at this level.
We are far from $12k and only another pump will make it but eventually correct again to $10k

correction is the right way of telling people that this market is still Healthy to invest with because if the price is just
continue growing then trust me that means manipulation because after continues Growth they will pull down the investment
 and a sudden fall down will happen and not like what is happening now that market stays in certain
 level for the investors not to feel being cheated and this is what we call correction,the next Run will give us way to
trust our market and make investment if we dont want to be late and bitter when the price grow High again.

[Btc_1856]

From the recent rise it is now currently correcting itself and hope that it will stay at this level.
We are far from $12k and only another pump will make it but eventually correct again to $10k

What's behind after that price speculations? Will it pump faster or again fall back down into same behavior. It was so tired to see the unpredictability of the market, and I can't analyze even better once bear market took dominance. Corrections was already happening, and we're only waiting for the exact moment that this entire bitcoin market will soon increase its capability.

Each person will predict based on their knowledge, but the market will according to the situation of people who are buying and selling. There are equal chances for Bitcoin to increase/decrease the price because, in every phase, there should be corrections without corrections it is impossible to recover it's the price. Now Bitcoin is waiting for the right time to increase its price.

[buwaytress]

From the recent rise it is now currently correcting itself and hope that it will stay at this level.
We are far from $12k and only another pump will make it but eventually correct again to $10k

correction is the right way of telling people that this market is still Healthy to invest with because if the price is just
continue growing then trust me that means manipulation because after continues Growth they will pull down the investment
 and a sudden fall down will happen and not like what is happening now that market stays in certain
 level for the investors not to feel being cheated and this is what we call correction,the next Run will give us way to
trust our market and make investment if we dont want to be late and bitter when the price grow High again.

I'm pretty much okay with healthy corrections as much as with sudden dumps. Either way, both trim down the weak hands, cull the speculators and provide more average entrants with lower entry points.

The longer it takes for the next parabola to emerge, the stronger the momentum and the likelier we break past and form permanent support above 10k, which is ideal.

[Free1bitco.in]

From the recent rise it is now currently correcting itself and hope that it will stay at this level.
We are far from $12k and only another pump will make it but eventually correct again to $10k

What's behind after that price speculations? Will it pump faster or again fall back down into same behavior. It was so tired to see the unpredictability of the market, and I can't analyze even better once bear market took dominance. Corrections was already happening, and we're only waiting for the exact moment that this entire bitcoin market will soon increase its capability.

99% crypto has a volatile price, and no matter how long it is, as long as it's not a stable token, and there is still a need and demand, the price will never be stable. other than that, nobody really predicts correctly, we all only speculate from the information available.
a few weeks ago, the price of bitcoin went up and looked like it was going to peak, but in reality, the price dropped back to $ 8k. however, right now we are waiting for $ 9k and $ 10k levels. I think this month the price of bitcoin won't reach $ 12k. that is the speculation that I think about.

[traderethereum]

Who knows if $12k is the next target for bitcoin price to increase but unfortunately, we still seeing bitcoin price is lower than $9k-$10. Maybe it will happen soon, but once again, no one will know when it will come. This time, bitcoin price is trying to increase, and it proves from the price that changes from the red candle to the green candle so we can hope that the price will still grow and break $9k. $9k is the next price to break for bitcoin price, and we almost got that way so maybe we will see it will happen at the weekend.

[blckhawk]

I feel bullish right now, Bitcoin price overcome the 10K USD zone after a long time! I predicted this two weeks ago that Bitcoin price will hit 10K USD at the end of January or at the first of February! Is Bitcoin price predictable now guys? So, what is the next target? 12K USD? Please share your opinions.

Unfortunately, the Bitcoin's price now drop to $8k-$9k and this is the evidence that Cryptocurrency Market cannot preduct by anyone. Despite that we are now getting closer on Bitcoin halving this doesn't necessarily mean that bitcoin and the rest of the market will skyrocket. One thing I am sure of and that is Bitcoin will eventually reach that amout or even more and set a new record of ATH.

[pooya87]

I feel bullish right now, Bitcoin price overcome the 10K USD zone after a long time! I predicted this two weeks ago that Bitcoin price will hit 10K USD at the end of January or at the first of February! Is Bitcoin price predictable now guys? So, what is the next target? 12K USD? Please share your opinions.

Unfortunately, the Bitcoin's price now drop to $8k-$9k and this is the evidence that Cryptocurrency Market cannot preduct by anyone. Despite that we are now getting closer on Bitcoin halving this doesn't necessarily mean that bitcoin and the rest of the market will skyrocket. One thing I am sure of and that is Bitcoin will eventually reach that amout or even more and set a new record of ATH.

this could actually be THE sign that bitcoin is about to skyrocket. it was just a small correction in a rising market to get ready for the bigger upcoming rises. there is only positive signs because this was not a downtrend despite what some FUDsters want you to believe.
as for the crypto market that includes altcoins i don't expect any major rises for many months as bitcoin rises they will have a very hard time keeping their prices up due to the dumps that take place during bitcoin rises.

[BlackFor3st]

I feel bullish right now, Bitcoin price overcome the 10K USD zone after a long time! I predicted this two weeks ago that Bitcoin price will hit 10K USD at the end of January or at the first of February! Is Bitcoin price predictable now guys? So, what is the next target? 12K USD? Please share your opinions.

After the dip in which the bitcoin right now is less than 9k usd, we can say that the next struggle for bitcoin price will be 12k usd. It successfully break the 10k barrier and once the price will increase again there is a big chance that it will setback again once we will hit the 12k barrier.

But it will always depend to the big whales whether they will let this to happen or not as they can dictate whether when they like the prices to setback or a continuous increase. Up until now, I can say that bitcoin and other currencies prices are still unpredictable as we cannot tell when it will goes down and how long will continue to increase.

[Finestream]

Looks like this pump right now is a good start for the OP's target,.. we are back to $9,000 now, not sure what exactly is the reason but I believe it's because we are due for some good price increase so let's hope that this will continue, this year so far, we got $10400 as the highest price so $12, 000 is not really far away especially that we are coming from a correction, prepare for something big, I tell you.

[STT]

We pushed back off the 200 day and into 50 day average, the next regular resistance is along the lines of 9800 but lets see how it develops with 9400 area as thats been the recent lows before it sold alongside other main markets.



12k could be seen on a surge if halvening event is significant in peoples perceptions vs other factors.   I was thinking possible 10k to 11k might prove more probable based on last summers lows.

[Taskford]

I feel bullish right now, Bitcoin price overcome the 10K USD zone after a long time! I predicted this two weeks ago that Bitcoin price will hit 10K USD at the end of January or at the first of February! Is Bitcoin price predictable now guys? So, what is the next target? 12K USD? Please share your opinions.

After the dip in which the bitcoin right now is less than 9k usd, we can say that the next struggle for bitcoin price will be 12k usd. It successfully break the 10k barrier and once the price will increase again there is a big chance that it will setback again once we will hit the 12k barrier.

But it will always depend to the big whales whether they will let this to happen or not as they can dictate whether when they like the prices to setback or a continuous increase. Up until now, I can say that bitcoin and other currencies prices are still unpredictable as we cannot tell when it will goes down and how long will continue to increase.

That would be the case since we are experiencing some series of dumps and might we will struggle to read that far, but since we have something great coming ahead maybe those figures will show in future but not now since we all know there's a virus that hurting the economy and might we will suffer for this for a while.

[shoreno]

btc or any other cryptos are never been predictable except to those stable coins of course . and now your asking people if its possible for btc to reach 12k usd ? i thought you are good at predicting ? and infact your old predictions were said to be accurate so i dont think youl be needing our help anymore.   but if you will only like to hear my prediction and others well id say 12k usd is verry possible and that could possibly happen right after the second quarter of the year because that is usually the growth starts  .

[Sterbens]

The target of bitcoin prediction to $ 12,000 will be achieved this year. I'm sure, but I can't be sure what month the price will be because it's hard to predict, as if it's bullish, the market will start pointing to recovery right now, so just wait until it's right. properly make up for $ 12,000.

halving will be an important part of the rise in bitcoin this year.

[philipma1957]

From the recent rise it is now currently correcting itself and hope that it will stay at this level.
We are far from $12k and only another pump will make it but eventually correct again to $10k

correction is the right way of telling people that this market is still Healthy to invest with because if the price is just
continue growing then trust me that means manipulation because after continues Growth they will pull down the investment
 and a sudden fall down will happen and not like what is happening now that market stays in certain
 level for the investors not to feel being cheated and this is what we call correction,the next Run will give us way to
trust our market and make investment if we dont want to be late and bitter when the price grow High again.

I'm pretty much okay with healthy corrections as much as with sudden dumps. Either way, both trim down the weak hands, cull the speculators and provide more average entrants with lower entry points.

The longer it takes for the next parabola to emerge, the stronger the momentum and the likelier we break past and form permanent support above 10k, which is ideal.

10k floor is not good enough for the ½ ing floor needs to be over 13k.

at 13k  it would be the same as 6.5k now.

100th mining right now is 0.001576 btc or 10.24 if we were at 6500 

100 th with  the best gear uses 100kwatts a day which is about 4 dollars in power and other expenses and you are at 5 dollars cost not counting gear purchased.

It would be tight at 13k come may ½ ing.

at 5k or 10k pre ½ ing   earnings are 7.88  take off 5 dollars daily cost you are at 2.88  not counting cost of gear purchased.

So 10k will be a hurtful number for mining.
13k a bearable number for miners.

Like it or not mining drives the industry.  As the asic builders have big money and big incentive to sell gear.

[Fesatmas]

Looks like this pump right now is a good start for the OP's target,.. we are back to $9,000 now, not sure what exactly is the reason but I believe it's because we are due for some good price increase so let's hope that this will continue, this year so far, we got $10400 as the highest price so $12, 000 is not really far away especially that we are coming from a correction, prepare for something big, I tell you.

With the pumping now it will have a positive impact maybe in the next few days bitcoin will soon reach $ 10k in the near future so the target will be according to our expectations later.
At the time the plague continued to occur almost all over the world the stock market also plummeted, but bitcoin showed itself to be recovering from the slump before and now when bitcoin will become a market to recover in an economic crisis.

[bitbunnny]

I'm not sure. Some predictions are very ambitious and to.my opinion 12000$ at the moment is one of such. Bitcoin is quite struggling to reach 10000$ so if that limit is broken 12000$ might be the next phase.
However, I don't expect such strong price jump in the upcoming period and some further corrections are possible too so it will take time.

[mahilchii]

Yes it can, right now BTC price has gone down and it has to recover slowly before the halving. Despite after the downfall the short term looks still bearish for BTC, it's really hard to predict the price hopefully the next few days might likely to decide  the upcoming move of BTC price. I am very confident that it will reach atleast 13k by the end of the year.

[Juggy777]

I'm not sure. Some predictions are very ambitious and to.my opinion 12000$ at the moment is one of such. Bitcoin is quite struggling to reach 10000$ so if that limit is broken 12000$ might be the next phase.
However, I don't expect such strong price jump in the upcoming period and some further corrections are possible too so it will take time.

@bitbunnny people always like to be extra optimistic when it comes to bitcoin prices, hence I feel that we should do our own research before buying or selling bitcoins.

Yes it can, right now BTC price has gone down and it has to recover slowly before the halving. Despite after the downfall the short term looks still bearish for BTC, it's really hard to predict the price hopefully the next few days might likely to decide  the upcoming move of BTC price. I am very confident that it will reach atleast 13k by the end of the year.

Although bitcoin prices have been struggling for a while I feel that we shall soon witness because a bull rally because of India’s decisions to revoke bitcoin ban, and @mahilchii in my personal opinion bitcoin prices can touch $15k - $20k if the halving event is successful.

Sources:

https://bitcoinik.com/supreme-court-remove-rbi-bitcoin-ban-in-india/

https://bitcoinist.com/bitcoin-halving-less-than-10000-blocks/

[buwaytress]

10k floor is not good enough for the ½ ing floor needs to be over 13k.

at 13k  it would be the same as 6.5k now.

100th mining right now is 0.001576 btc or 10.24 if we were at 6500 

100 th with  the best gear uses 100kwatts a day which is about 4 dollars in power and other expenses and you are at 5 dollars cost not counting gear purchased.

It would be tight at 13k come may ½ ing.

at 5k or 10k pre ½ ing   earnings are 7.88  take off 5 dollars daily cost you are at 2.88  not counting cost of gear purchased.

So 10k will be a hurtful number for mining.
13k a bearable number for miners.

Like it or not mining drives the industry.  As the asic builders have big money and big incentive to sell gear.

Fair enough. And yes, looking back at 2016 halving, prices very quickly adjusted to a floor well above 2x 2016 prices and never looked back. It's "crazy" to think 13k is tight for miners, but as you say, they would be loathe to sell at a loss and would rather sit tight and wait until prices get them back in profit. And that makes what seems crazy as perfectly sensible in pure economics.