Is 12K USD is the next target?

[Wilhelm]

OP forgot to put a point in the price.

The next target is $1.2k, followed by three-digits and eventually zero. The bouncing up from there will be very slow and it will take 6 years to go back to $10k, and 800 years to reach ATH.

Also miner capitulation is coming. I read the cost of a single bitcoin is around $8k, so anyone who sold it, know that you sold below its real value. Miners will not be able to hold this for much longer. After mining capitulation, price will be cut in half, like happened in november 2018. So we will go from $5k to $2.5k, which will means straight to $1.2k due to leveraged positions in futures trading. From there, the way to zero will be open, through the three-digits area.

#thepriceoffreedom
#coronacircus2020

Spoken like a true nocoiner....

Once the end of corona is in sight it will all snap back and the true believers will be rewarded (yet again)

[exstasie]

OP forgot to put a point in the price.

The next target is $1.2k, followed by three-digits and eventually zero. The bouncing up from there will be very slow and it will take 6 years to go back to $10k, and 800 years to reach ATH.

Also miner capitulation is coming.

LOL, what a drama queen.

$1.2K and three digits are possible, but we need to invalidate bullish counts by breaching the 2018 lows first. I'm not at all convinced this is guaranteed. Zero? Now you're just going Prof. Bitcorn and Nouriel Roubini on us. Good luck there.

Miner capitulation would be fine. It wouldn't cause a price drop. Price doesn't follow the hash rate, it's the other way around.

[Btc_1856]

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.

I thought the price of bitcoin would go up considering the current world situation. But the price of Bitcoin has also been affected by the news of the Corona virus. The situation where Bitcoin is now is not good. I think Bitcoin could go for $10k before halving, but there's no clear idea here yet. The price may rise and may fall again. Now all traders are in confusion.

Confusion makes people worries with how the market is moving. Without good knowledge in regards to this volatile conditions you'll see your investment to fly away. Bitcoin can bounce back or continue to fall in this coming days.
Assess and observe in order to create correct prediction before investing or continue your position.

There are many things that depend. With the panic created around the world, everything is now out of shape. Now the situation is truly out of control. We must wait to see the market change. When you are in confusion, it is best not to make any decisions. I'm hold my position, Let's see how bitcoin end this year.   

As of now, the market situation is unpredictable and this makes it is impossible for the traders to predict the market, it is now good to hold the coins instead of selling them for low prices. In the coming days the situation may become even worse because the affected rate will surely increase and this makes the market to go even below values.

[Naida_BR]

I was thinking that Bitcoin price is going to soar due to the corona virus outbreak and the fact that financial markets have a downturn.
I think that 12k is going to come after we pass the first stage of this panic that exists right now in the society/economy. For the time being we are going to see levels of around 5k or less.

[bassbity]

I was thinking that Bitcoin price is going to soar due to the corona virus outbreak and the fact that financial markets have a downturn.
I think that 12k is going to come after we pass the first stage of this panic that exists right now in the society/economy. For the time being we are going to see levels of around 5k or less.

At a time like this maybe the level of $ 5k- $ 6k will be the price of bitcoin because of its plummet because of the corona outbreak that continues to spread throughout the world, but we will see in April whether this outbreak will be quickly resolved or even longer because of pedemics like this should handled more seriously in every country.

Bitcoin will become a trend if the corona virus outbreak has been overcome because of the increasing demand in the market.

[TheAndy500]

I was thinking that Bitcoin price is going to soar due to the corona virus outbreak and the fact that financial markets have a downturn.
I think that 12k is going to come after we pass the first stage of this panic that exists right now in the society/economy. For the time being we are going to see levels of around 5k or less.

At a time like this maybe the level of $ 5k- $ 6k will be the price of bitcoin because of its plummet because of the corona outbreak that continues to spread throughout the world, but we will see in April whether this outbreak will be quickly resolved or even longer because of pedemics like this should handled more seriously in every country.

Bitcoin will become a trend if the corona virus outbreak has been overcome because of the increasing demand in the market.

I hope it will be as you say. However, I am afraid that the economic situation may be worse in April. In a month, companies will be reporting about the first three months of the year, and I'm afraid the results will be terrible. This can cause even greater panic on the classic stock market and later on the cryptocurrency market. I'm afraid $12k will have to wait until 2021.

[leea-1334]

LOL, what a drama queen.

$1.2K and three digits are possible, but we need to invalidate bullish counts by breaching the 2018 lows first. I'm not at all convinced this is guaranteed. Zero? Now you're just going Prof. Bitcorn and Nouriel Roubini on us. Good luck there.

Miner capitulation would be fine. It wouldn't cause a price drop. Price doesn't follow the hash rate, it's the other way around.

Guys like that,,, I never understand. If they hate something so much, why do they even consider to waste their time coming into the forums to give their opinions? If he really believes what he says 100% then he should be shorting BTC every day and as much as he can, like the guys from the Big Short.

3 digits are possible for sure. But people do not understand probability well enough in markets.

[Wilhelm]

LOL, what a drama queen.

$1.2K and three digits are possible, but we need to invalidate bullish counts by breaching the 2018 lows first. I'm not at all convinced this is guaranteed. Zero? Now you're just going Prof. Bitcorn and Nouriel Roubini on us. Good luck there.

Miner capitulation would be fine. It wouldn't cause a price drop. Price doesn't follow the hash rate, it's the other way around.

Guys like that,,, I never understand. If they hate something so much, why do they even consider to waste their time coming into the forums to give their opinions? If he really believes what he says 100% then he should be shorting BTC every day and as much as he can, like the guys from the Big Short.

3 digits are possible for sure. But people do not understand probability well enough in markets.

Jealous no-coiners don't want us to get rich. They don't have the balls to invest and hope we get burnt.
If we get burnt we prove them right for not investing.

[fabiorem]

If he really believes what he says 100% then he should be shorting BTC every day and as much as he can, like the guys from the Big Short.

I sold it to buy toilet paper.
Bought a truck full of it.

Toilet paper is the new currency.
Buy and hodl.

[matchi2011]

If he really believes what he says 100% then he should be shorting BTC every day and as much as he can, like the guys from the Big Short.

I sold it to buy toilet paper.
Bought a truck full of it.

Toilet paper is the new currency.
Buy and hodl.

Thinking to do the same but I will invest with sanitizers and alcohol. It's a good business instead of trying some luck holding bitcoin for some time.
Kidding aside, it's tough to buy and keep your assets intact since there is a big chance that the market will continue to fall.
Best to rethink before you try shorting the market.

[exstasie]

I sold it to buy toilet paper.
Bought a truck full of it.

Toilet paper is the new currency.
Buy and hodl.

No joke, people are freaking out and calling 911 because they can't find any toilet paper.

“It’s hard to believe that we even have to post this. Do not call 9-1-1 just because you ran out of toilet paper. You will survive without our assistance,” NPD wrote.

https://www.foxnews.com/us/oregon-police-public-stop-calling-911-toilet-paper

It's only because crazy people hoarded the immediately available supply. There is no real shortage of toilet paper, it's just getting bought out faster than shelves can be stocked: https://www.cbsnews.com/news/toilet-paper-plenty-shelves-stocked/

Demand will plummet once hoarders are done stocking up.

If he really believes what he says 100% then he should be shorting BTC every day and as much as he can, like the guys from the Big Short.

Don't knock it, I profited big shorting that triangle failure a couple days ago. I'm looking for shorts again in the $5,500+ range. There is no denying the bearishness of this market.

There is a chance bulls will prevail and sub-$6K bears will get trapped, but that remains to be seen. I would say at best, we need a few weeks of basing out at lower volatility before we can think about getting bullish. At worst, we're going below $3K.

[rodskee]

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.

never to come even close to that margin in this situation now,look at how Low market capitalization now even
 Bitcoin Dominance still taking %63 but the problem is the lack of investors,as the panic for the effect of
 Corona Virus is still spreading.this will only a dream for a mean time and let us Hope that things will change
 in the coming months as the Cure for the Virus is still not found.

[Free1bitco.in]

I was thinking that Bitcoin price is going to soar due to the corona virus outbreak and the fact that financial markets have a downturn.
I think that 12k is going to come after we pass the first stage of this panic that exists right now in the society/economy. For the time being we are going to see levels of around 5k or less.

we all think the same thing. this decline is actually outside the list that we made. however, prices actually declined and further from the price of $ 12,000. I am quite grateful that halving will happen this year, so it looks like prices will rise again due to halving. besides, if this problem has been resolved, I think the price of bitcoin will rise again, and maybe people will again try to do high speculation.

[btc78]

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.

Not for this quarter mate,or even the next?

we are struggling hard now because of the Virus effect so maybe this will last more longer as no one expect this to happen,we had a great start this year even the virus is already there but now it becomes worst and getting attention worldwide,and this is also media exaggeration that made this panic more faster.

[Smitty Werben Man Jensen]

the trend line shows that $ 9000 is important resistance for now, because if $ 9,000 is passed then $ 12,000 will be easily reached, and even after halving All Time High can be reached, but the market situation is still very high for further correction, so use a good strategy, I hope you're lucky

[Botnake]

the trend line shows that $ 9000 is important resistance for now, because if $ 9,000 is passed then $ 12,000 will be easily reached, and even after halving All Time High can be reached, but the market situation is still very high for further correction, so use a good strategy, I hope you're lucky

Maybe I'll only think of this resistance if we survive staying at $6000 strong for now.
Bitcoin seems to be unstable after the big run, and I was right that it will not continue as some people think the trend will continue.

Bitcoin to recover amidst the panic is good enough, maybe we must be contended with this price while corona virus are still threatening us.

When the economy recovers, that's where crypto market would recover also, this time it would be a real movement.

[STT]

Way too much work and volume in the way of any price objective before we get back to five digits.  4500 to 7500 is an area I want to see worked out first.    As we progress, it will be like rungs on a ladder and each with its own resistance and support band before we move to the next range.

[fabiorem]

the trend line shows that $ 9000 is important resistance for now, because if $ 9,000 is passed then $ 12,000 will be easily reached, and even after halving All Time High can be reached, but the market situation is still very high for further correction, so use a good strategy, I hope you're lucky

9k? What have you been drinking? Its 6k right now. This is the resistance. 6k. The stock market is recovering more than crypto. Everything is recovering faster than bitcoin. Its over.

[Free1bitco.in]

Way too much work and volume in the way of any price objective before we get back to five digits.  4500 to 7500 is an area I want to see worked out first.    As we progress, it will be like rungs on a ladder and each with its own resistance and support band before we move to the next range.

I agree with your statement. however, we are now far from the price of $ 12k and are forced to forget it for a moment. so far, the price range is in the position of $ 4k to $ 7k. I quite believe that to target the next price, we need to wait until Bitcoin reaches the price of $ 7k. so far the price of bitcoin is at $ 6400, and I might estimate that within 1-2 weeks, we can be in the position of the price of $ 7k again.

[Jating]

Way too much work and volume in the way of any price objective before we get back to five digits.  4500 to 7500 is an area I want to see worked out first.    As we progress, it will be like rungs on a ladder and each with its own resistance and support band before we move to the next range.

Yes, I think we are going to see the price in that range.

If there's no corona virus, possible that $12k can be reached, but with the pandemic resulting in an economic turmoil across traditional financial market, we might be having a hard time reaching 5 digits again. It's a big psychological barrier in front of us, and lately, bitcoin has been in a wild price swing. Indicating that traders are scalping and trying to make every profit as they can make.