When we will see $12k Bitcoin once again?

[Jating]

I quite believe that when the price of bitcoin reaches $ 10k, there will be higher price speculation. Well, I also expect that and hope this year even reaches a price higher than $ 13500. however, bitcoin has just reached the price of $ 10k, so we need to see the developments that occur. if the pattern of rising prices goes up continuously, I feel that we will not wait a long time to see the price of $ 12k.

Obviously, we are going to target higher price once we get over the hump of $10k and was able to sustain it for long term. We won't see a parabolic rise, we need some healthy corrections unless we are really in a bull run like 2017, but we are still far from it.

The volume though is a good indicator, when we are trading sideways, I can see around $12-13 billion, but it seems that with the dramatic rise, the volume double as well. So let's see if we can maintain the price above $10k and hit $10,500 and then we can talk about $12k or even higher next quarter.

[1714663009]

1714663009

[1714663009]

1714663009

[1714663009]

1714663009

[snipie]

I don't think we will pass $11k this time. That's true that we have a long consolidation period around $9k and with such sudden fast rise, a fall will follow..

[Lucius]

Still a "could we" for me. Here to at least $11200 is a really wide area for easy profit-taking, especially for those waiting months to do so, and with the knowledge that the second wave of global economic meltdown yet to come (now that, for me, is not "could" but "when").

I have a different opinion about a possible second wave of pandemic, and somehow it seems to me that at least in the EU there will be no re-lockdown, and that as now every outbreak of the virus will be treated by isolating only a certain city or region. I may be wrong, but I still hope that the scenes from last winter will not be repeated - that would be really catastrophic for all of us.

Right now BTC looks pretty bullish, but that resistance point at $10 500 will show in which direction we’re actually going. I wonder if this growth has a foothold in something (maybe some big investor’s money is coming in), or is it a bear trap? However it turns out I am glad that we get a little action -  at least we won’t have to read how Bitcoin has become a boring investment.

[sheenshane]

I don't think we will pass $11k this time. That's true that we have a long consolidation period around $9k and with such sudden fast rise, a fall will follow..

I have been followed a crypto movement price since how many years when I started adopting Bitcoin and this is what I have noticed. When the Bitcoin price was in rapidly growing up, there's an opposite movement and I will not surprise if one day after this surge Bitcoin price will drastically down without any time frame.

It might the price will up to $11k this month and will have a small correction. Probably there is a zigzag motion of the price movement but it always ends up to the higher price. Think it over before you will cut your profit or patiently wait until you've got the desired profit that you want.

[Lasky366]

Well lets take a look at the quick updated regarding BTC current position & scenario. On Daily $BTC Chart BTC still didn’t break the $10k level.If you see the chart you will see that last time it was a fakeout at $10k.Then it was suddenly dropped at $9200 & after that BTC was slowly dumped around $8800 level.According to the current scenario of volume this time also could be a same scene like previous one.If look back when BTC was fake breakout last time the volume was almost same like now.Also we know that History repeat itself & It's proved Again & Again in crypto.That's why i won't be surprised if that happened so.

But in reality we can see BTC Price still above $10k.We know $10k is also a psychological level.To break this barge we need some good strong volume too.So if it breakout that level & go above $10.5k then BTC Price will hold the uptrend for sometime.

Let see which way BTC goes.....

[reliable]

I don't think we will pass $11k this time. That's true that we have a long consolidation period around $9k and with such sudden fast rise, a fall will follow..

It’s being long wait for people to see this price of 10000$+ and staying above for a day now which is a good thing. It being long and good to see if it can continue holding this price and stabilizes above 10.5k. If people start to sell their positions, then we will see again the fall may happen and will be back to 4-digit figure.

[Lasky366]

Also need to mention that this CME Gap still remains. So anything can happen.But I am still in bullish In Bitcoin.

[buwaytress]

I have a different opinion about a possible second wave of pandemic, and somehow it seems to me that at least in the EU there will be no re-lockdown, and that as now every outbreak of the virus will be treated by isolating only a certain city or region. I may be wrong, but I still hope that the scenes from last winter will not be repeated - that would be really catastrophic for all of us.

Right now BTC looks pretty bullish, but that resistance point at $10 500 will show in which direction we’re actually going. I wonder if this growth has a foothold in something (maybe some big investor’s money is coming in), or is it a bear trap? However it turns out I am glad that we get a little action -  at least we won’t have to read how Bitcoin has become a boring investment.

I was talking about the economic wave rather than COVID actually =) Although that could be related in the end. I do think the actual direct impact will be softened in Europe, though in large swathes of urban Asia people are already feeling the cuts, my own family no less. The near complete lack of safety nets and all that.

The last Q report from the central bank where I live now (in the EU) predicted at their most optimist (they usually have 3 optimist, neutral and pessimist outlooks) that this slowdown would see 5 years of growth wiped out. If this coincides with a housing and property bubble burst (already on borrowed time as it was supposed to have burst as early as 2017!), I have a feeling people are going to be really, really tight with money. And that means NOT buying Bitcoin.

Hope I'm wrong, of course, but I'm already feeling the pinch financially and have been selling more Bitcoin than I want to for the past few months... I know I'm not the only one.

[Kong Hey Pakboy]

From my point of view, if bitcoin's price will continue to increase up to $11,000 we might expect that bitcoin will go for $12,000 by next month because it is a sign that bitcoin is now in the bull trend. So I wonder if bitcoin's price will go up or down, after it hits to $10,000 by the end of this month of July.

[LogitechMouse]

Bitcoin's price is at $11,000 already base on Coinmarketcap.

My prediction with when the $12,000 will happen is anytime this week if there is nothing bad happen. If this pump can be hold for quite a long time like it will not go down again below the $10,000 price then this maybe is the time we are waiting for . Maybe, just maybe this is the start of the bull run many have been waiting with but still lets be vigilant and be prepared for the bad things to happen.

We are both bullish in Bitcoin like many others here so yeah... bull run incoming 

[ultrloa]

From my point of view, if bitcoin's price will continue to increase up to $11,000 we might expect that bitcoin will go for $12,000 by next month because it is a sign that bitcoin is now in the bull trend. So I wonder if bitcoin's price will go up or down, after it hits to $10,000 by the end of this month of July.

The price already cross to that level and the speculated price by now is $12,000 and hopefully we can see this coming up since for sure it could light the fire and start the hype on any cost, and maybe we could see a $15,000 in next month or on following this year since the movement is pretty much good.

[Fundamentals Of]

I don't think we will pass $11k this time. That's true that we have a long consolidation period around $9k and with such sudden fast rise, a fall will follow..

And just like that, we are now more than $11,000. Bitcoin is surprising as ever. It never fails to prove us wrong.

That's part of the beauty of Bitcoin. It cannot be arrested by all kinds of analysis. Now the bullish trend continues and it seems to break even the $12,000 much earlier than most people could have imagined.

[Lasky366]

$BTC has broken the both wall of $10k & $10.5k with good volume as well.Now we a weekly conformation! Meantime there is possibility to touch at $11.7k Zone then it can retest the level of 10.5k to 10.3k.

Let see🤔

[okala]

Before the end of this week we may see $12000 again. We just have around $800 to go. Bitcoin is advancing currently with no significantly news are fundamental issues and that means people are having confidence in it. For the big players it is the time to keep buying as we have the speculation that bitcoin will test $14,000 again.

[serjent05]

Not a question of "could we?" but a question of "when?"

It seems we won't be waiting that long before we see  BTC cross $11k and $12k again. See this analysis from tradingview

This is certainly happening within the third quarter of this current year. We are now past $10,000. This rise might be going on for quite a while approaching $11,000 or even $12,000. If not, then a quick correction is happening before another rise that might finally hit $12,000.

It has been long due for BTC to rally towards $11k, several predictions from TA had been stated that BTC might cross $10k this July and it happens.  We just wait and see if the market is ready to support this kind of surge.  I would prefer a slow and steady price increase than the sudden spike and crash one.

[maydna]

I don't think we will pass $11k this time. That's true that we have a long consolidation period around $9k and with such sudden fast rise, a fall will follow..

And just like that, we are now more than $11,000. Bitcoin is surprising as ever. It never fails to prove us wrong.

That's part of the beauty of Bitcoin. It cannot be arrested by all kinds of analysis. Now the bullish trend continues and it seems to break even the $12,000 much earlier than most people could have imagined.

It is surprising to us that bitcoin finally can surge to $11,000. $12k is on the way to reach, and if the bullish still stay at the market, we will see $12k before the next month. The next month, the bitcoin price can go to another high price, and perhaps, the next hard target at $15k will be wide open. This moment seems many people buy and sell bitcoin because it is up and down many times since yesterday. I see a flash dump for a moment, but gladly, the price can survive and back to $11k again.

The bullish trend makes people excited, and I think many of them are back to the market after they think that bitcoin price needs more time to increase. But after they see what happens to bitcoin, they feel that bitcoin has the opportunity to grow more than that price.

[Lucius]

I was talking about the economic wave rather than COVID actually =) Although that could be related in the end. I do think the actual direct impact will be softened in Europe, though in large swathes of urban Asia people are already feeling the cuts, my own family no less. The near complete lack of safety nets and all that.

The last Q report from the central bank where I live now (in the EU) predicted at their most optimist (they usually have 3 optimist, neutral and pessimist outlooks) that this slowdown would see 5 years of growth wiped out. If this coincides with a housing and property bubble burst (already on borrowed time as it was supposed to have burst as early as 2017!), I have a feeling people are going to be really, really tight with money. And that means NOT buying Bitcoin.

Hope I'm wrong, of course, but I'm already feeling the pinch financially and have been selling more Bitcoin than I want to for the past few months... I know I'm not the only one.

Of course, everything is connected - but regardless of everything, the first wave of the epidemic caused damage - although experts claim that the real effect will be felt only in the coming months and, of course, the years ahead. Yet individually, each country has taken some measures and tried to save the economy - so projections predict a 6% drop in GDP in the EU, but some countries such as France, Spain, and Italy are at around 11%.

If we look at how all this affects people's purchasing power then we can assume that people will invest less in risky things like Bitcoin, and on the other hand that even the biggest holders may have to sell part of their supply because they will have no other choice. But the fact is that big investors have trillions of dollars at their disposal, and the fact is that they invest when there is blood on the streets.

Over the years I have seen various falls and jumps which is quite normal for BTC, but I have to admit that this jump surprised me quite a bit. I see price was $11300, and now it is $10700. It would be nice to stay above $10 000 for at least a while.

[buwaytress]

Of course, everything is connected - but regardless of everything, the first wave of the epidemic caused damage - although experts claim that the real effect will be felt only in the coming months and, of course, the years ahead. Yet individually, each country has taken some measures and tried to save the economy - so projections predict a 6% drop in GDP in the EU, but some countries such as France, Spain, and Italy are at around 11%.

If we look at how all this affects people's purchasing power then we can assume that people will invest less in risky things like Bitcoin, and on the other hand that even the biggest holders may have to sell part of their supply because they will have no other choice. But the fact is that big investors have trillions of dollars at their disposal, and the fact is that they invest when there is blood on the streets.

Over the years I have seen various falls and jumps which is quite normal for BTC, but I have to admit that this jump surprised me quite a bit. I see price was $11300, and now it is $10700. It would be nice to stay above $10 000 for at least a while.

Yeah, I don't necessarily believe GDP drops are the only thing that matters (and I believe modern economists are also rexamining this fixation with GDP ad the barometer for economic health) but it still sends jitters throughout employment, business, certainly for the consumer.

Regards to investments, I do believe that people will actually see Bitcoin (as a new alternative alongside gold) as a viable store of value, to protect against hyperinflation etc. but this is for the middle/upper class who will look to move their savings out into these assets, especially now in the EU as interest rates drop to zero or negative. So you're right, they will be investing in blood, but they'll still be focusing on cut-rate assets now like real estate. I personally think the wealthy (and institutionals) already got Bitcoin exposure in 2016 or earlier... while those who went in at 2017 largely cut their losses in 2018/19. So whether or not they are tempted to get in again now, if that happens, then yes there'll be momentum from them.

But for the middle/lower class, where they will be already eating into their savings now, as most people I know are, they will not be investing and yes, Bitcoin is still considerably riskier. That sheer strength in number will be lacking in any serious push for a new BTC ATH.

Again, complete speculation with only anecdotal aspects. Anything goes at this stage.

[snipie]

The current price of bitcoin is around $ 10,800 after reaching more than $ 11,000 which in my opinion so far the movement of bitcoin tends to increase gradually, and despite falling again bitcoin will definitely rise again from the previous price.
let bitcoin move as it is because I am optimistic that bitcoin will increase again from the previous price and be patient.

It is rising again above $11k in most exchanges (11,010 - 11,030). I didn't expect it to pass $11k so fast honestly and still think that the price will crash at some point after this fast rise.
Seeing some resistance and people buying to keep it around $11k is impressive tho!

[matchi2011]

$BTC has broken the both wall of $10k & $10.5k with good volume as well.Now we a weekly conformation! Meantime there is possibility to touch at $11.7k Zone then it can retest the level of 10.5k to 10.3k.

Let see🤔

Good sign of much stronger run, if this will break another level then it will push more. Glad to see that volumes seems that
it's good to hold above 10k mark, still speculative and even there's good barriers chances that big earners / bagholders can make a difference taking the other side of the directions, for now let's enjoy what bitcoin is bringing to us.