A move (almost) no one is expecting: gap at $11795

[Baofeng]

A quick drop back to test the lows is what I expect but at present its not expected at all which would make it quite effective in terms of shock value.   I dont think we get as high as 11.7k and if we do then its a bigger achievement then the market has achieved so far.   I'd have to counter that we got as high as 11.7k then we have further business at that level, it will have beaten this range of some months which then would likely prove as support after we exceed it.  
(....)

I am more positive to see $9,000 before $11,700 - $12,000. Maybe we can get more below but this can be happen with again, a huge red candle wicks.
Since July 28, 2020, bitcoin's price still on sideways $10,000+ - $11,100+, this is much better as long as we don't fall again below $9,000 but there are still huge dump effect once we fall again that area, just my 2 cents.
Small pullbacks will be healthy for Bitcoin, let's hope we will not experience a huge wicks, green or red candle wicks.

I'm leaning towards $11,500 before we can see a pull back, we have broken the latest highest high for this year at the price is above $11,300 already. And if goes to $11,500, then probably another huge dump of 20%-30% before moving forward to $12k-$15k. That is typical of the market cycles and I would say that this pull backs are really that good in the long run because more hands are going to enter if we see the price below $10k again.

[1714983695]

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[1714983695]

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[KTChampions]

I'm leaning towards $11,500 before we can see a pull back, we have broken the latest highest high for this year at the price is above $11,300 already. And if goes to $11,500, then probably another huge dump of 20%-30% before moving forward to $12k-$15k. That is typical of the market cycles and I would say that this pull backs are really that good in the long run because more hands are going to enter if we see the price below $10k again.

The price broke through and returned from the 10k level so many times that on place of the whales (if there are any) I would sharply raise the price (above 12k) or sharply lower it (below 7k) this time in order for lovers to make money on the "waves" of volatility this time fell into a trap 

[TimeTeller]

A quick drop back to test the lows is what I expect but at present its not expected at all which would make it quite effective in terms of shock value.   I dont think we get as high as 11.7k and if we do then its a bigger achievement then the market has achieved so far.   I'd have to counter that we got as high as 11.7k then we have further business at that level, it will have beaten this range of some months which then would likely prove as support after we exceed it.   
(....)

I am more positive to see $9,000 before $11,700 - $12,000. Maybe we can get more below but this can be happen with again, a huge red candle wicks.
Since July 28, 2020, bitcoin's price still on sideways $10,000+ - $11,100+, this is much better as long as we don't fall again below $9,000 but there are still huge dump effect once we fall again that area, just my 2 cents.
Small pullbacks will be healthy for Bitcoin, let's hope we will not experience a huge wicks, green or red candle wicks.

Expect the unexpected yet market has always been like this on where it do wreck hopes of anybody on least time we do unexpect.Im already readying up myself on possible dump wayback on 9k.

Im not really that too negative but its better rather than to hope that much market is way too unpredictable. 11,700 isnt really that far off since the price is already playing around 11,300+ at the moment and reaching

$300-400 wont really be that too long but who knows on on what would happen yet huge rejection might or might not happen and able to break it out and proceed to 12k price.

Better to have conservative estimates rather than be surprised on what's coming.
So as a trader/investor you can have your own contingencies and be prepared with what may happen to your funds.
Of course, you need to secure your investments especially that we are still in crisis and losing money is the last thing we want to have.
But, it has been a year that we experienced this price level, and so crypto users are happy for what we are experiencing right now.
Another day, another hope for crypto!

[STT]

Feel like I should pay more attention to this topic since it was a fair call.   I still think its the market not whales, just like we attribute human emotions to animals a bit too often we are also envisioning the market as if it were a person with selective ideas and objectives when its just natural progression and its a mass or herd movement in sentiment change not a type of person or select group even.
   The gradient from A to B was less steep then drawn, it took longer to reach which would be correct and places us closer to near August where it happened.   With a trend, the more points it touches the likely more accurate it is. We're towards the top of this range with the peak 11440 happening fairly recently yesterday, 11828 is the highest weekly bar close I see in this rough range looking back years but mostly its around 11500 if prior volume is relevant right now.

[ArIMy11]

I did not checked the price when I woke up today. Suddenly while browsing on facebook I saw my friends post and it is all about the price of bitcoin. Right after that yes it is really true that bitcoin is more than $11.5K. Well it is another surprising day for me because bitcoin price keeps going up even though there are small price drops. I have also notice that ETH price is good as well as some alts but not all. I am not good at reading charts but I am hoping it will not fall. I have read some posts in this thread that it will not reach straight $12K from $6K.

[CryptopreneurBrainboss]

Feel like I should pay more attention to this topic since it was a fair call.

It still marvels me, how most of this prediction are always accurate irrespective of its price movement not minding if  it's predicting towards a downtrend or uptrend. Sometimes it gets me all excited that I stick to relying on them for my investment choices. I remember reading a thread on the altcoin board predicting ethereum to be trading around $350 in or before August back when ethereum was around $233. I followed that advice and today my portfolio is in profit on regards to that investment.

Back on topic, since the OP had his prediction set on the whales manipulating the market and it played out as he predicted, I think we just have to stick to that although no one actually knows  exactly what's going on maybe in the coming weeks we might get some answers on what actually is the motivation behind the price movement whether it's just the market reaction or whales manipulation.

[buwaytress]

So it took almost 2 months for OP's call (or rather, over 1 month late to reach his 11795) to take shape but it does look like it could be happening after all? Or not? I actually don't see the pullback to 7k happening anymore now as that ascent isn't as steep as it should have been. If there's a pullback, it may take 13k to trigger now.

[bitgolden]

I can understand that it could potentially happen if people could put enough money into it, however I believe even whales couldn't handle something like this.

There was a study from crabby that showed that you need about 90 million dollars cash injected into buy orders extra so that the price would go up 1% and that means if you want to reach another 10% that is another billion dollars and I do not think that whales have a billion dollars in fiat to get in and change the market all that easily. Sure they have some power, but this is not stock market, this is not forex, this is crypto which is decentralized and unregulated most of the time, and that means I do not think there would be some sort of increase in the price that easily and nobody would put in that much money.

[KTChampions]

I can understand that it could potentially happen if people could put enough money into it, however I believe even whales couldn't handle something like this.

There was a study from crabby that showed that you need about 90 million dollars cash injected into buy orders extra so that the price would go up 1% and that means if you want to reach another 10% that is another billion dollars and I do not think that whales have a billion dollars in fiat to get in and change the market all that easily. Sure they have some power, but this is not stock market, this is not forex, this is crypto which is decentralized and unregulated most of the time, and that means I do not think there would be some sort of increase in the price that easily and nobody would put in that much money.

Was this research done about a crypto? I think that liquidity here is very low (we have seen many examples of this) and with a volume of $ 90 million it is very easy to move the price not by 1 but by 10 percent or more. But this will be a short-term move.

[bitbunnny]

A quick drop back to test the lows is what I expect but at present its not expected at all which would make it quite effective in terms of shock value.   I dont think we get as high as 11.7k and if we do then its a bigger achievement then the market has achieved so far.   I'd have to counter that we got as high as 11.7k then we have further business at that level, it will have beaten this range of some months which then would likely prove as support after we exceed it.   
(....)

I am more positive to see $9,000 before $11,700 - $12,000. Maybe we can get more below but this can be happen with again, a huge red candle wicks.
Since July 28, 2020, bitcoin's price still on sideways $10,000+ - $11,100+, this is much better as long as we don't fall again below $9,000 but there are still huge dump effect once we fall again that area, just my 2 cents.
Small pullbacks will be healthy for Bitcoin, let's hope we will not experience a huge wicks, green or red candle wicks.

Expect the unexpected yet market has always been like this on where it do wreck hopes of anybody on least time we do unexpect.Im already readying up myself on possible dump wayback on 9k.

Im not really that too negative but its better rather than to hope that much market is way too unpredictable. 11,700 isnt really that far off since the price is already playing around 11,300+ at the moment and reaching

$300-400 wont really be that too long but who knows on on what would happen yet huge rejection might or might not happen and able to break it out and proceed to 12k price.

Better to have conservative estimates rather than be surprised on what's coming.
So as a trader/investor you can have your own contingencies and be prepared with what may happen to your funds.
Of course, you need to secure your investments especially that we are still in crisis and losing money is the last thing we want to have.
But, it has been a year that we experienced this price level, and so crypto users are happy for what we are experiencing right now.
Another day, another hope for crypto!

I agree that in this moment it's better to be conservative than to have exaggerated expectations. We've seen so many times recently Bitcoin price pulling back under 10000$ in short period of time so we can't say how is this going to end now. Although at the moment price is heading towards 12000$ we should be careful with investment so I would wait for a while before making any conclusions and taking a big risk.

[Bossian]

[cryptomaniac_xxx]

So it took almost 2 months for OP's call (or rather, over 1 month late to reach his 11795) to take shape but it does look like it could be happening after all? Or not? I actually don't see the pullback to 7k happening anymore now as that ascent isn't as steep as it should have been. If there's a pullback, it may take 13k to trigger now.

Yes, we have another pull back once we hit $11,800. Then move down to $11,200 then goes back momentarily to 11,400 and now it the current price. I would tend to agree that $7k is not going to happen as we have build enough momentum for a bullish signal. So I'm expecting that this pullback and eventual bounce to $12k-$13k, let's wait-and-see.

[LUCKMCFLY]

So it took almost 2 months for OP's call (or rather, over 1 month late to reach his 11795) to take shape but it does look like it could be happening after all? Or not? I actually don't see the pullback to 7k happening anymore now as that ascent isn't as steep as it should have been. If there's a pullback, it may take 13k to trigger now.

Yes, we have another pull back once we hit $11,800. Then move down to $11,200 then goes back momentarily to 11,400 and now it the current price. I would tend to agree that $7k is not going to happen as we have build enough momentum for a bullish signal. So I'm expecting that this pullback and eventual bounce to $12k-$13k, let's wait-and-see.

This is a clear vision in the short term, but in a greater time frame, I think that we could be even in a small correction but with a view to aiming high, the volume seen in the market is considerable, according to how everything is going, it is a good time to be in Long. My personal forecast is that it can hit $ 15k at any time, at least touching that limit.

[ene1980]

My personal forecast is that it can hit $ 15k at any time, at least touching that limit.

As long as the market is breaking the resistance we could reach your prediction but it is hard to expect that it will breach all the resistance in the coming months, we might trade at this price range for a while before breaking another resistance and it might even take months, but these gradual movements is better than a big rally and a crash after that. We have a sell off today and lets see how it holds the support.

[STT]

don't see the pullback to 7k happening anymore

i believe 7k is possible just from the belief of volatility over bullish or bearish traits, more then anything I think volatility is a bull market and we are heading towards greater price extremes in all markets from instability and transition in the basis of global reserve system.   This makes many alternatives to plain dollar  debt based asset and trade facilitated international exchange and in that transition we may get crypto, gold, commodities and alternate FIAT standards.   That makes us bullish within a new paradigm but also with greater uncertainty then we've probably had for the duration of my life time.    Obviously thats big picture and whats going to happen right now or even this year can be quite different and confined to a simple trend upwards, however I dont presently see that.  I see possible breakout and confirmation required before higher prices, to go especially higher requires a ladder of regular trends.   We arent especially higher, we're repeating the last year which is impressive recovery of course.

[KTChampions]

Yes, we have another pull back once we hit $11,800. Then move down to $11,200 then goes back momentarily to 11,400 and now it the current price. I would tend to agree that $7k is not going to happen as we have build enough momentum for a bullish signal. So I'm expecting that this pullback and eventual bounce to $12k-$13k, let's wait-and-see.

If you write down these movements not in dollars but in percentages, you will see that these are small things (compared to the usual large movements). And the movement to 7k will also not be fatal or record-breaking if you look at it as a percentage.

[carlisle1]

My personal forecast is that it can hit $ 15k at any time, at least touching that limit.

As long as the market is breaking the resistance we could reach your prediction but it is hard to expect that it will breach all the resistance in the coming months, we might trade at this price range for a while before breaking another resistance and it might even take months, but these gradual movements is better than a big rally and a crash after that. We have a sell off today and lets see how it holds the support.

It's much better to keep small step upwards from time to time.

Not sure if this will continue to breakout and breach that value, but this positive trends keeps investors to see the potentials.

Just stay away from another possibilities of Ponzi and all those related business to scam people, remember that this scammers are always riding
with what the sentiments, and they keep bringing ideas to where uneducated investors are easily being victimized.

[lepbagong]

My personal forecast is that it can hit $ 15k at any time, at least touching that limit.

As long as the market is breaking the resistance we could reach your prediction but it is hard to expect that it will breach all the resistance in the coming months, we might trade at this price range for a while before breaking another resistance and it might even take months, but these gradual movements is better than a big rally and a crash after that. We have a sell off today and lets see how it holds the support.

all possibilities can happen dicrypto, not a taboo and impossible thing to happen. any time there will quickly be a change.
the current trend is indeed quite good and it is very clear that the movement towards the increase continues.

However, optimism for a continuous increase could be missed because there is still a long time to go and the situation could change towards a decline which is still possible. No need to worry about the decline because bitcoin will quickly make corrections to return to the desired direction.

This is the time crypto starts to move excitedly to continue to increase, all because bitcoin continues to improve and has an impact on other altcoins as well. do not hesitate to invest in crypto at this time on all fronts there will be an upward movement. but don't invest in new tokens.

[UnDerDoG81]

So how many sold because of this prediction? I at least guess op?

[carlfebz2]

So how many sold because of this prediction? I at least guess op?

No one did even expect for the price hits up on this level on where OP predicted. Selling it off and secure profits because of tendency of price crash of 3k?

Its hard to believe to go back into those numbers but who knows if this one hits up the spot.It already hits up the initial possible peak price of this year and might be the
best time to sell off.

but somewhat the price is tanking into these levels atm.