Bitcoin hitting its steady price?

[Abdulowad]

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

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[Jating]

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

No. Did you see how bitcoin price goes on a wild swing this month alone?

Went went as high as $10,300 then go back down to $9700 then recovered and bounce to 5 digits again.
But look at the current price, so there's no such thing as steady price, because it is only one of the best speculative asset, everything is based on speculation, it might trade sideways on certain levels, but having a steady price? it won't happened.

[Zicadis]

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

Not safe to assume at all, Bitcoin is currently in a very volatile phase and it could either break up or down.

Right now, I am starting to suspect it will go down, since practically the entire cryptocurrency market has struggled for the paste week, after a month or two of solid growth.

Short term losses are likely on the horizon, but we'll probably experience a strong bounce after that.

[Kelvinid]

The market still in the range between $9k-$10k, we can't find it steady over that $10k in the past 2 weeks. Though there is a time that we hit more than that but that was short and it drops again.

It is something we need to think that the crypto market is still volatile and anytime soon will make a huge pump just like $15k but we couldn't expect that it will stop there instead, we could think that similar cases will happen again and declines will follow. We can't just say STEADY because it is impossible to happen in the market like this.

[jackg]

It's still pretty new, steady is quite a few years away...

$10k with a $210bn market cap is pretty low for what most of us see it reaching. As said cryptocurrency is a volatile asset, it can swing up and back down. We were about 95% likely to rehit 10k based on my analysis... We could've said the same about $6k being a natural level, and then 4k and so on...

You gotta get used to not having a clue as to what this market does some days...

[FanatMonet]

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

I doubt it very much, most likely, Bitcoin is just in the time period when it is relatively stable and is consolidating at new levels, after a recent growth. So, I would not say that bitcoin has reached its limit, there is still a lot of room for growth.

[carlfebz2]

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

Steady price?
This one isnt applicable here on crypto sphere or specially with bitcoin.Price had always been volatile and its sure that it wont stay up on a particular level like forever.
We have seen swings of prices for the past months up to recent which do simply signifies that movement is unpredictable.We might see its consolidating or moving sideways
but doesnt mean that it wont pump out in a blink of an eye.

[btc_angela]

Steady price is not on bitcoin's vocabulary. Hitting five digit is more of a mental barrier, so capping at that price is just the start of a wild swing. So I think everyone here agrees that bitcoin is not going to be steady, not that when there is FUD around, or even exorbitant predictions by those so called experts. That's why we all love bitcoin, because everyday is very different.

[kawetsriyanto]

I never heard that Bitcoin will hit a steady price as the price is always volatile every time. Look at the current price, it was below $10k, right? This means the Bitcoin price is unpredictable and never stable. Who knows this will continue to $8k. So, it is clearly unsafe to claim that Bitcoin's price will be steady at around $10k. Be careful, mate!!

[boyptc]

It will be back there soon.

It's dropping and touched $9267. It could retouch $8900 anytime now if the drop continues. The logic is of how quick it drops, can also quick in hops and vice versa.

[Coin_trader]

There is no such thing as stable in crypto due to it's lack of organic volume. Most of trading volume is due to wash trading of bots so there is no real strong price support/resistance.
Bitcoin ATR is ranging from 450$ to 330$ using 14 days period. So it means that the price dance up and down on that range therefore there will no stable price at all.
Unless BTC ATR go below 50$ then it's safe to say that BTC might hit it's stable price.

We are currently on downtrend and probably will visit again 8800 to 8900 area. 

[meanwords]

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

Capped is a pretty naive term especially when you consider how volatile Bitcoin is. We don't even know how large Bitcoin will be capped in. We can go as high as $1,000,000 if fate decides to pull it. Remember how we reach $20,000? Though I don't think that we will reach all-time high soon enough. I'll probably happen this 2021 which is the year of the 4 year cycle bull run.

[dothebeats]

Capped price is an overstatement. We have had price plateaus in the previous years and were much worse than we have it right now. I'd like to call it normal price actions since even in volatile markets, you can't always expect that there will be sharp price movements every time.

Even in seas plagued with waves, there will be days that waters will calm, and so will bitcoin's price movement.

[Ethereums]

we are assuming that bitcoin will continue swing till may 2020 is coming. i've read somewhere that bitcoin price will be rise to 16k since it cost for mining will be more costly since halving comes. I only knew that when u mining u will be competing with other miners to get your hash rate on the mining pool.
This wild swing if u carefully read the chart tape at years when bitcoin get halving had the same pattern which means that many manipulators come for raising the price while they push the price to bottom at first. And if this happens, i believe just watch and see for the bottom price this feb through march, is not hurt right if we just patiently waiting for the best price to jump in.
My stance just put some alert on my devices to see if the support range is broken or not in this last week of feb, and if not happening then just wait again it till mid of march.

[xvids]

I think we would see more drop before it even bounce back again.
I also wish that it would be steady at 5 digit zone but I guess we are still too early for it.
We are expecting too much from halving I guess we should just wait for the outcome instead of having a high expectation that could lead to great disappointment.

[pooya87]

well if you think the following conditions are met then yes it has reached "capped price"
1. has bitcoin reached mass adoption where it is used all around the world by nearly everyone
2. has bitcoin's adoption stopped meaning everyone already knows about bitcoin and all those who wanted have adopted it and there won't be any more adoption

in my view it is obvious that not only neither of these conditions are met but also we are so far away from reaching them.

[YOSHIE]

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

Do not make a decision quickly can not confirm it all, you can see the price of the day 26 February 2020 at the level of 9000$,
from the price of 10000$, the price you mentioned.

I can advise you to monitor the market where you trade every day, before making a decision to buy and sell.

There is no 100% correct prediction, you have to see market developments every day to start investing.

[Tylev]

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

The nature of bitcoin, like other decentralized cryptocurrencies, is such that they will never have a more or less stable price. Of course, the time will come when Bitcoin may not increase significantly in price. However, this time will not come soon. It will take more than one year for this. In addition, while no one knows what price heights it will rise during this time. I doubt the predicted space prices for bitcoin, however, in the next decade we can only fix its price ups and downs.

[rodskee]

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

you have posted this while Bitcoin price starts dumping?i mean look at the price now https://coinmarketcap.com/ the market capitalization is Down with 20 billion more or less?this is the sign that we are not going to be stable at $10,000 instead the volatility will continue showing up its power and being uncontrollable .
let us just Hope that after this Pumping season will start and make another history this year because of another Halving coming.

[maydna]

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

You can assume that, but if you check on the market, the bitcoin price is not stable. Perhaps, we already see the bitcoin price was steady at $10k before, but now, we see the bitcoin price is steady at $9700 price range. But it will be back to $10k soon, and there is no need to worry because bitcoin will increase again. It is like bitcoin adjusting the price before the price can rise to a higher price, and if we check at the history, the price will be back to the higher rate. But we don't know how long this situation will be like this and we need to be patient to pass this time.