When we will see $12k Bitcoin once again?

[ibuddy122505]

and all of those are just predictions that are not necessarily correct, but to reach the price of $ 12,000 I think it will happen at the end of the year even though there will be a little decline again but I am optimistic that the price will reach it.

Yup, sometimes research turn into pointless and look stupid when it hits a price that they said will never be. Don't listen randomly but most importantly do your own research. Try not to listen to individuals that state a crypto will never hit a specific price since they know all because of their hard research.

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[peter0425]

Within days there has been a correction which is likely to bring bitcoin's price back to around $ 11,000 or more in the near future, and before that bitcoin price had also hit $ 12,000 although it didn't last long.
and all of those are just predictions that are not necessarily correct, but to reach the price of $ 12,000 I think it will happen at the end of the year even though there will be a little decline again but I am optimistic that the price will reach it.

We are at $10,853 to be precise now just a hundred bucks or more to Hit that $11k again.
But there are some effect these DeFi domination and ethereum is also taking place.

$12,000 is very wild for us,not giving a break to Hit at least $13k for how many times this year.
Looking for this coming 4th quarter if there will be another changes and may bring our prayer to reality.

[STT]

We are not yet fully positive or past possible areas of selling, I see a trend of selling we have to push past first.   The problem for me is that on weekends I do not expect a full resolution of price action, though we close the weekly bar on sundays its arguable that Monday is more important for movement and volume occuring to confirm price.



Above is monthly resistance, we've fallen slightly from the highs and that remains but below shows we are positive in a weekly average measure.   While both are true I expect more sideways then a proper trend or target such as 12k to occur.

[blckhawk]

It seems that the chart you have provided shows the ascending channel and that is a piece of good news, however, still we cannot rely on it because the crypto market was still vague, we never know when it will move. Besides, Bitcoin was still hovering around $10k and not showing any hint. Hitting $12k will surely happen but the the question is when, we still have 3 more remaining months though so all we need to do is just to wait.

[blockman]

Hitting $12k will surely happen but the the question is when, we still have 3 more remaining months though so all we need to do is just to wait.

You have missed the $12,000 moment for bitcoin? just take a look back to the charts as bitcoin were once there but didn't stayed for long. I've seen $12,000 and others too.
But just in case that you have missed looking at that questioned price, just hover to the charts and see that it did happened maybe a month or two.

[Chrystora123]

It seems that the chart you have provided shows the ascending channel and that is a piece of good news, however, still we cannot rely on it because the crypto market was still vague, we never know when it will move. Besides, Bitcoin was still hovering around $10k and not showing any hint. Hitting $12k will surely happen but the the question is when, we still have 3 more remaining months though so all we need to do is just to wait.

right, we can only wait until the Bitcoin price reaches $12k..  2020 will end in 3 months but Bitcoin price is still moving steadily in the range of $ 10k - $ 11k and looks difficult to break the $ 12k wall, maybe in early December we will see Bitcoin break the $ 12k wall and even cross it..

[romero121]

It seems that the chart you have provided shows the ascending channel and that is a piece of good news, however, still we cannot rely on it because the crypto market was still vague, we never know when it will move. Besides, Bitcoin was still hovering around $10k and not showing any hint. Hitting $12k will surely happen but the the question is when, we still have 3 more remaining months though so all we need to do is just to wait.

right, we can only wait until the Bitcoin price reaches $12k..  2020 will end in 3 months but Bitcoin price is still moving steadily in the range of $ 10k - $ 11k and looks difficult to break the $ 12k wall, maybe in early December we will see Bitcoin break the $ 12k wall and even cross it..

During the lockdown on pandemic there is big collapse with the world market. By the time bitcoin and other cryptocurrencies too experienced a downfall, but there is continued bounce back. This keeps the market stable without much of growth over $11000. The price used to grow steady and reach $12000, but it won't stay for a long. The market is highly supportive, upon the same there is more chances of steady $12000+ by the month of December 2020.

[LUCKMCFLY]

There is a way that I have to analyze what is happening, of course I am not an expert in Technical Analysis, I only rely on something that I have learned from Wyckoff's theory and also by the analysis that I can extract from reading the volume that I see in the graph to a temporality to days:




I find it very positive that in volume it shows me that its candle is low and the candle in the graph is large, that is, with little volume the offer has decreased, which, I suspect that when institutional money enters at any time it can reach $ 12k or can even exceed it.

[XCANA]

It seems that the chart you have provided shows the ascending channel and that is a piece of good news, however, still we cannot rely on it because the crypto market was still vague, we never know when it will move. Besides, Bitcoin was still hovering around $10k and not showing any hint. Hitting $12k will surely happen but the the question is when, we still have 3 more remaining months though so all we need to do is just to wait.

right, we can only wait until the Bitcoin price reaches $12k..  2020 will end in 3 months but Bitcoin price is still moving steadily in the range of $ 10k - $ 11k and looks difficult to break the $ 12k wall, maybe in early December we will see Bitcoin break the $ 12k wall and even cross it..

What I saw was the price to soon breaks the resistance level of $10.8k then we will be rest assured that Bitcoin price is ready to skyrocketed. But currently, the resistance seem still pretty here and we might experience soon a downward movement that can land us with $9k

[blockman]

What I saw was the price to soon breaks the resistance level of $10.8k then we will be rest assured that Bitcoin price is ready to skyrocketed. But currently, the resistance seem still pretty here and we might experience soon a downward movement that can land us with $9k

It wouldn't just go like that easy. It can skyrocket at any resistance that it has but it's always going by surprise. The price increase doesn't seem to go like that. $9k is a fair bottom this time and it can go back to that price as it did last time.
Looking to $12k once again, maybe by end of this year it will be the resistance.

[STT]

Positive markets and positive BTC until reaching near to the 50 day moving average overhead and selling off.



Price action remains above the weekly average which could be a good judge for its likely progress vs a higher target like 12k.   I'm told its not a great idea to hold to an unproven trend too much but drawn loosely I dont think a negative daily trend is yet broken and if it were we'd find greater momentum.

[Nazmul012]

As we know btc already hit $12k line, even all time high for this year yet. But $12k isn't as strong barrier as $12.5k. So if it could break $12.5k again then it's not difficult for bitcoin to reach $13k ever more at the end of this year. I guess that were already happened if there is no covid-19 issue. people panic sell due to covid-19 issue and that's why bitcoin lost its one-forth price

[3meek]

right, we can only wait until the Bitcoin price reaches $12k..  2020 will end in 3 months but Bitcoin price is still moving steadily in the range of $ 10k - $ 11k and looks difficult to break the $ 12k wall, maybe in early December we will see Bitcoin break the $ 12k wall and even cross it..

That's what we are saying when we are hoping to cross the $10 k mark and then here we are steady at the $10 k level and hoping that we reached the $11 k mark, I'm confident that we will reach the $12k mark before the end of the year but for another all-time high I don't think it can, although possible, 2021 is the year for all our hopes to happen, hopefully 

In fact, everything can be solved at any moment! Although I also do not believe that this year we will see a much higher price than the current one, because most people are waiting for an expensive Bitcoin! But I also think that the price will not fall at least until the U.S. presidential election!

[n0ne]

right, we can only wait until the Bitcoin price reaches $12k..  2020 will end in 3 months but Bitcoin price is still moving steadily in the range of $ 10k - $ 11k and looks difficult to break the $ 12k wall, maybe in early December we will see Bitcoin break the $ 12k wall and even cross it..

That's what we are saying when we are hoping to cross the $10 k mark and then here we are steady at the $10 k level and hoping that we reached the $11 k mark, I'm confident that we will reach the $12k mark before the end of the year but for another all-time high I don't think it can, although possible, 2021 is the year for all our hopes to happen, hopefully 

In fact, everything can be solved at any moment! Although I also do not believe that this year we will see a much higher price than the current one, because most people are waiting for an expensive Bitcoin! But I also think that the price will not fall at least until the U.S. presidential election!

Market variation of bitcoin takes place in a very short time period. What we've reached now is quite good relating to the growth that has taken place with the stocks, bonds and other forms of investments. As the price has touched $11500, there is possible chances of touching $12000 before breakdown. Whether the market will breakdown or grow further can be experienced by the beginning days of November (USA Election)

[3meek]

right, we can only wait until the Bitcoin price reaches $12k..  2020 will end in 3 months but Bitcoin price is still moving steadily in the range of $ 10k - $ 11k and looks difficult to break the $ 12k wall, maybe in early December we will see Bitcoin break the $ 12k wall and even cross it..

That's what we are saying when we are hoping to cross the $10 k mark and then here we are steady at the $10 k level and hoping that we reached the $11 k mark, I'm confident that we will reach the $12k mark before the end of the year but for another all-time high I don't think it can, although possible, 2021 is the year for all our hopes to happen, hopefully 

In fact, everything can be solved at any moment! Although I also do not believe that this year we will see a much higher price than the current one, because most people are waiting for an expensive Bitcoin! But I also think that the price will not fall at least until the U.S. presidential election!

Market variation of bitcoin takes place in a very short time period. What we've reached now is quite good relating to the growth that has taken place with the stocks, bonds and other forms of investments. As the price has touched $11500, there is possible chances of touching $12000 before breakdown. Whether the market will breakdown or grow further can be experienced by the beginning days of November (USA Election)

I think that after the U.S. elections, the market will start to fall, because now it is artificially supported and the printing press makes brrr... Although, if Trump wins, it is possible that the fall will not happen...

[gabbie2010]

right, we can only wait until the Bitcoin price reaches $12k..  2020 will end in 3 months but Bitcoin price is still moving steadily in the range of $ 10k - $ 11k and looks difficult to break the $ 12k wall, maybe in early December we will see Bitcoin break the $ 12k wall and even cross it..

That's what we are saying when we are hoping to cross the $10 k mark and then here we are steady at the $10 k level and hoping that we reached the $11 k mark, I'm confident that we will reach the $12k mark before the end of the year but for another all-time high I don't think it can, although possible, 2021 is the year for all our hopes to happen, hopefully 

In fact, everything can be solved at any moment! Although I also do not believe that this year we will see a much higher price than the current one, because most people are waiting for an expensive Bitcoin! But I also think that the price will not fall at least until the U.S. presidential election!

Market variation of bitcoin takes place in a very short time period. What we've reached now is quite good relating to the growth that has taken place with the stocks, bonds and other forms of investments. As the price has touched $11500, there is possible chances of touching $12000 before breakdown. Whether the market will breakdown or grow further can be experienced by the beginning days of November (USA Election)

The outcome of US presidential election will be a major decider as far as the price of bitcoin this year a win for Trump will be an indication that the bullish sentiment will continue while a loss might have a momentary impact on the price, while the price had already broke the resistance at $11000 at present.
Meanwhile any major negative fundamental news could bring the price down else the price will ride on till the next resistance at $12000 once the pullback or retracement of the price presently hits the resistance turned support at $11K. 

[STT]

I find it very positive that in volume it shows me that its candle is low and the candle in the graph is large, that is, with little volume the offer has decreased, which, I suspect that when institutional money enters at any time it can reach $ 12k or can even exceed it.

Im not sure if there is a problem for volume being distributed around the world rather then one exchange.   Bitfinex is the biggest exchange so might be the graph data people would use to try and judge price vs volume but even then there is no exact place to go for accuracy and TA is already a judgement of variables not certainty.



12k is still a challenging scenario to reach as we've certainly moved faster previously it seems to be hesitating on rough and bumpy ground.  I thought it might continue to drift up with Friday and the weekend but at present we have recognizable resistance at daily highs and momentum shown in the weekly average rising underneath lows still.   Most likely it'll be resolved Monday I'd guess.

[cryptomaniac_xxx]

$11,500 should be the first real target, and I think I have seen the price get to that, however, it went downward spiral, -$250 in the last couple of hours and because of the OKeX news, so, not today, it seems that $12k is tougher than we initially though, so we should move to $11,500 first and see how it goes. And it maintained on that level then there is a possible that we can jump to $12k, but it will take another good news to push to that levels again.