When we will see $12k Bitcoin once again?

[DeathAngel]

Weak hands are out of the game, a massive % of coins haven’t moved for over a year (I think 62%).
The halving cut the supply of new coins in half, supply is down. We’re moving in the right direction, $15,000 is possible this year imo.

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[ene1980]

Weak hands are out of the game, a massive % of coins haven’t moved for over a year (I think 62%).
The halving cut the supply of new coins in half, supply is down. We’re moving in the right direction, $15,000 is possible this year imo.

That was a sudden shake up of weak hands after holding the market for months  . What ever it may be it is really pleasing to see the market breaking the resistance and moving higher and hopefully we will end the year around $15000 if everything goes well and it was a few months of hurdle trying to break the resistance and finally we are moving towards $11000.

[Ridwan Fauzi]

As many people predicted (there is also an expert I guess) who say that the longer bitcoin market sideaway then we will see a good move after it (dump or pump) and we can see it now.

Bitcoin pricr has been surged and pass the $11.000 barrier yesterday that I think it is a good move for bitcoin. Just hoping that the movement price will be like gold price movement which has touched new all time high.

Because I see now that the retricement price will not reach $10.000 and below as you can see now the retracement price only reach $10.500 and now its price is trying to reach $11.300 again.

[Playerboy450]

Locally btc have a breakout of the Head & Shoulders and BTC is testing the 10.765$ Local Support.it might take a correction in case Local Support is lost.
On the Higher Timeframe it took a rejection of the Higher Boundary of an Ascending Channel.Important, it's only low risk for to short on the Local Support breakout, as BTC looks bullish at Higher Timeframe.

[TopTort777]

Locally btc have a breakout of the Head & Shoulders and BTC is testing the 10.765$ Local Support.it might take a correction in case Local Support is lost.
On the Higher Timeframe it took a rejection of the Higher Boundary of an Ascending Channel.Important, it's only low risk for to short on the Local Support breakout, as BTC looks bullish at Higher Timeframe.

All these "head and shoulders" will put trades to knees and toes. Dont trade using graphs only. Market flair is also important. If traders use graph figures to predict where price goes, than why do they make wrong predictions? This "head and shoulders" can easily turn into Barn Simpson head and what would you do next? Say oppps, I've read the graph in a wrong way?

[hatshepsut93]

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!

Of course it will crash, it always crashes, but the question is when? I think we will soon test the resistance of the last year, which was at $13-14k, because we already have a momentum for that - gold surge, post-halvening expectations, bullish buildup from the last few months. Even if we crash, this 10-11k level might be a new area for consolidation, and then we'll see even higher heights. I doubt that we'll see 20k anytime soon, but it seems we entered the bullish market now.

[StonerStanley]

Locally btc have a breakout of the Head & Shoulders and BTC is testing the 10.765$ Local Support.it might take a correction in case Local Support is lost.
On the Higher Timeframe it took a rejection of the Higher Boundary of an Ascending Channel.Important, it's only low risk for to short on the Local Support breakout, as BTC looks bullish at Higher Timeframe.

All these "head and shoulders" will put trades to knees and toes. Dont trade using graphs only. Market flair is also important. If traders use graph figures to predict where price goes, than why do they make wrong predictions? This "head and shoulders" can easily turn into Barn Simpson head and what would you do next? Say oppps, I've read the graph in a wrong way?

Because technical analysis is like flat earth.

It's only BS.

All these stressed 55 years old traders with 8 screens who are trying to gain some bucks  

Better make some studies in the sectors where you want to invest and also in different kind of sciences, including psychology, ect, and being a free man with all your societies and investments.

[Raflesia]

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!

Of course it will crash, it always crashes, but the question is when? I think we will soon test the resistance of the last year, which was at $13-14k, because we already have a momentum for that - gold surge, post-halvening expectations, bullish buildup from the last few months. Even if we crash, this 10-11k level might be a new area for consolidation, and then we'll see even higher heights. I doubt that we'll see 20k anytime soon, but it seems we entered the bullish market now.

I am sure the crash will not happen in the near future seeing the movement of bitcoin is very strong at this time and therefore we will continue to survive and start peaking what you say is true we will be at 13-14k resistance in the near future.

After this bullish trend has ended, crashes can occur but it will not be so severe that we witnessed before so I think we are waiting for the best momentum when this surge occurs.

[Ayiranorea]

There is less chance for price crash, and we can expect the price to have resistance around the $12000 range. Based on this there will be slow growth taking place for few weeks time. Further on the price might fall back to gain resistance and once again moves forward. We need to act wise during these occasions as there'll be high panic sell.

[slapper]

Nice, I bet it will take a few more days and Bitcoin will once again test the 11.5k$. The momentum is still strong. News is breaking with bitcoin and gold in the few recent days. Investors like me have more fate in bitcoin. Hope that it will soon from the cup and handle pattern.

However, we need to ensure that the pandemic will soon be sealed. If there is another outbreak, it could cause the price of bitcoin to drop sharply like it was in March.

[bitgolden]

I feel like we are getting close, real close. Look at the current situation, we are going up and we do not have a reason to go down. We are living the expected period of bitcoin when the miners can't mine as much as they used to but they do not have too much at the side as well, so they need to not sell too much in order to make sure the price goes up for them to make a profit.

Even the greatest machine can mine bitcoin for about 7k right now, 5-6k if they are doing energy themselves but all of that costs a ton of money, so they will want to make a lot more profit. Hence, I believe they will increase the price by not selling, or even if they do, they are not mining as much as they used to so they can't really affect the price all that much anymore and that is why I believe price will keep going up.

[Yamifoud]

It seems to look that the market is preparing for Bullrun, maybe we are getting through that point at any time late this year or early next year. I'm looking forward to seeing it keep moving forward, $12k is not really at far. I was thinking for $15k right now, to be more optimistic.

But people shouldn't be too confident with the market position and we know how volatile the market is, isn't surprising by then if we can have some dumps along with that surge just like it happen in a couple of hours (at this post) from $11, 400 plus down to $11,100. Maybe we have to be prepared for a possible market recession than to be more excited to see it skyrocketed market hike.

[ultrloa]

There is less chance for price crash, and we can expect the price to have resistance around the $12000 range. Based on this there will be slow growth taking place for few weeks time. Further on the price might fall back to gain resistance and once again moves forward. We need to act wise during these occasions as there'll be high panic sell.

Even if we can see this stances still we need to be careful on the movement since its still quite unpredictable to tell on what is the next move of bitcoin so best to always watch the market if we are thinking about entering or trading in the current state of the market. But I also assume that we are heading on great price this days since the hype is so alive.

[sheenshane]

It seems to look that the market is preparing for Bullrun, maybe we are getting through that point at any time late this year or early next year. I'm looking forward to seeing it keep moving forward, $12k is not really at far. I was thinking for $15k right now, to be more optimistic.

That was too optimistic mate, if you meant that it will go for $15k this week, I won't agree. Probably at the end of this 3rd quarter Bitcoin price will reach on $15k price or more but as of now the price was struggling on $10k range and it seems there is a correction of the price every now and then.

I was right on my prediction that the price of Bitcoin will hit $11k in the week.

It might the price will up to $11k this month and will have a small correction.

..and I'm pretty sure there will be a small correction as we always experienced this way.

[kawetsriyanto]

..and I'm pretty sure there will be a small correction as we always experienced this way.

It should be, a correction must follow after the big increase in Bitcoin price. So, that's why I am not really sure that we will see the Bitcoin price to reach $12K very soon. If we look at carefully, after yesterday the price achieved $11K, it dropped a bit below $11K again. This probably indicates the price won't go to the next target ($12K) immediately but seems to survive about $10,500 - $11,000 temporary. However, this is purely my speculation as a non-expert for the price prediction. 

[Fundamentals Of]

..and I'm pretty sure there will be a small correction as we always experienced this way.

It should be, a correction must follow after the big increase in Bitcoin price. So, that's why I am not really sure that we will see the Bitcoin price to reach $12K very soon. If we look at carefully, after yesterday the price achieved $11K, it dropped a bit below $11K again. This probably indicates the price won't go to the next target ($12K) immediately but seems to survive about $10,500 - $11,000 temporary. However, this is purely my speculation as a non-expert for the price prediction. 

The price has always been up and down. Sometimes small ups and downs, sometimes large ups and downs.

In terms of speculation, sometimes a non-expert ends up right than a so-called expert. Because they are all doing nothing but guess.

The $12,000 is not immediate of course. It was hard to imagine that Bitcoin would suddenly jump from $9,000 to $12,000. But $11,000 means the bull is here. There is of course a correction. Depending on how deep it is going to be, we might see $12,000 very soon.

[jossiel]

yes, I'm also quite optimistic about the current price of bitcoin. it's just that, it looks like the price is again trying to maintain a price of around $ 11k. if there is a price increase of up to $ 12k, then it might happen one week or after this week. it's just that, I still hope it happens sooner.

Now that it has stepped to $11,000. It's safe to say that we're going to see bitcoin going $12,000 again and that's an imminent price for bitcoin to approach. A week or two is very possible but let's all just enjoy the ride and see if it goes by the end of the week or not.

If not, let's hope for another week or for the next weeks. As long as bitcoin is showing a better price this time, I'll relish it while it's staying on $11,000.

[7788bitcoin]

There is less chance for price crash, and we can expect the price to have resistance around the $12000 range. Based on this there will be slow growth taking place for few weeks time. Further on the price might fall back to gain resistance and once again moves forward. We need to act wise during these occasions as there'll be high panic sell.

As long as there is no panic in the global economy there wont be any panic selling as far as i see, the market is moving higher and it is a good sign for the entire market and with the halving we were certain that the market will move higher and as long as there is no weakness in the general market situation we wont see any major sell off in the bitcoin market as there were already reports that the funds houses are accumulating bitcoin for a long time.

[Lasky366]

Update!

In uptrend on daily
after the breakout that happened yesterday and after 2 months of fluctuations between 10400-8600 .
Waiting for weekly close above 10380 -10500 to prove this breakout , and turn to an uptrend in mid term to target 16700-17300 .
resistance levels
11300
11770
12330
14000-14600
Bitcoin needs another daily close above 10900 resistance of long term downtrend line (semi log trend line)
Support levels
10900
10500-10380

[Lucius]

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.

It has always been so and it will be that those who have more will look for a way to increase their property or protect it through some investment, and those who do not have even the basics for life can come into contact with fragments of BTC only through faucet or PTC sites. Now it all comes down to questions about whether it will be possible to create a new FOMO (similar to the one from 2017), or the middle/lower class will not participate this time because they have even less money than 2017 - or they learned something in the last big bull run. For those who just want to make a short-term profit, the key is the moment of entry and exit.

The halving cut the supply of new coins in half, supply is down. We’re moving in the right direction, $15,000 is possible this year imo.

It was also some of my thinking for a possible price at the end of this year, but solely based on the 2016 halving and the fact that the price doubled after that by the end of the year. As things stand now, someone seems to have bought or is still buying BTC and keeps the price around $11k - and there really seem to be fewer and fewer weak hands.