Bitcoin can fall up to $9k or rise up to $17k - which one will happen.

[bitzizzix]

What happens to bitcoin movement is normal and now bitcoin price is around $ 11,300 after dropping a bit, it looks like the current bitcoin price will tend to be around $ 11,000 and but there is a possibility that bitcoin price will change towards the end of the year will reach $ 15,000 or vice versa drop to $ 9,000 .
and all of them are just predictions that are not necessarily correct and most importantly remain optimistic and trusting because bitcoin always provides good returns in the long term, and depending on the analysis and the desired price to sell it back for a profit.

[pooya87]

I keep repeating it, and I'll keep repeating it -- over the long term bitcoin will not be able to sustain prices above $10k. We'll be back under before the end of the year. Probably bounce around for years while generally moving down toward $1k. Clear as daytime light.

that's true you keep repeating the same bullshit on each cycle and just change the number. you did the same in 2015-2016 at the beginning of the bull run saying it is and i quote "confirmed fact that bitcoin will continue its historical down trend" while price was rising towards breaking the previous ATH and continuing to the new one, exactly like today.
you repeated the same thing in 2013, 2012,... and basically each time the rise is starting

[carlisle1]

According to this Cointelegraph article (link below) Bitcoin prices have the potential to reach either up to $17k levels or fall back to $9k levels, and it all depends on whether bitcoin prices can breach the $12k level mark or no, because if bitcoin prices manage to breach those levels then it has the potential to rally upwards and reach up to $17k levels.

Either of the 2 mate will favor me,i have been holding my Bitcoin until now so if this reach $17,000?i am one of the most happy investor then.
But also if the price fell down to $9,000 again>then i have another capital to re invest and add to my holdings.

However it’s pertinent to note that if bitcoin prices slip from the support level of $11.2k, then there’s a high probability of bitcoin prices slipping back to $9k levels.

We must be ready then mate because we knew that correction or some dumps will happen before the 4th quarter starts.

Lastly I know that it’s really difficult to predict where bitcoin prices may head, but what are you’ll opinions on this article and which prediction do you think we will witness in the short term?.

Source:

https://cointelegraph.com/news/bitcoin-price-risks-dropping-below-10-000-if-this-support-level-fails

Of course i am looking for the Hype and that is $15,000 and up but I', also ready id the fall happens this is why i am neutral about the situation.

[exstasie]

17 grand seems like a kind of meaningless figure to me. I would've thought the space between 14 or whatever the previous high was and the ATH is open country.

That's why $17K is as good of a guess as $15K or anything else in that range. I'm pretty confident we'll get a brutal (35-40%) correction somewhere north of $14K and south of $20K, but there's really no obvious technical resistance to point to. We'll just have to wait and watch momentum, and be on the lookout for a failure.

[plr]

The word can depends on the scenario, when we have a pandemic and there was massive crash that situation offers a possibility of a  big crash so far the possibility that Bitcoin can dip $9k is more remote than Bitcoin reaching $17k because things are moving fine now we have a lot fo buzz around like DeFi people switching their investment to Crypto.

[shoreno]

ill try to be honest this time and i will say that btc can fall back to 9k usd  . thats more possible than hope'ing for btc to reach 17k usd , that is we expect for short term results  but for long term expectations , 17k usd is still possible .  

bitcoin already slipped at 11.2k usd but the price hold on and returned , then it falls back a little but not yet to the point that it lay around 9k usd

[Zackgeno96]

ill try to be honest this time and i will say that btc can fall back to 9k usd  . thats more possible than hope'ing for btc to reach 17k usd , that is we expect for short term results  but for long term expectations , 17k usd is still possible .  

bitcoin already slipped at 11.2k usd but the price hold on and returned , then it falls back a little but not yet to the point that it lay around 9k usd

Bitcoin can retrace the path down to $9k and because of the selling pressure we can see it go even lower to the $8k levels. The chances of the price even getting above $14k is pretty less and I believe there can be a recheck of the resistance now and if that also fails then there would be a dip in the price of bitcoin but not that deep, just a small one and from then onwards for me it will get confirmed that the bull market is over and I have to do a few arrangements to my accounts.

[whyrqa]

ill try to be honest this time and i will say that btc can fall back to 9k usd  . thats more possible than hope'ing for btc to reach 17k usd , that is we expect for short term results  but for long term expectations , 17k usd is still possible .  

bitcoin already slipped at 11.2k usd but the price hold on and returned , then it falls back a little but not yet to the point that it lay around 9k usd

Bitcoin can retrace the path down to $9k and because of the selling pressure we can see it go even lower to the $8k levels. The chances of the price even getting above $14k is pretty less and I believe there can be a recheck of the resistance now and if that also fails then there would be a dip in the price of bitcoin but not that deep, just a small one and from then onwards for me it will get confirmed that the bull market is over and I have to do a few arrangements to my accounts.

According to the figures for the past year, bitcoin has already shown almost 92% of the income for its owners, which is several times higher than the indicators of other assets.
But today, most analysts predict income up to 100 percent or more, and this will happen in the first year after halving 2020. In addition, one must take into account geopolitical risks and even the US presidential election. The fact that Bitcoin rose more than $ 12,000, and today dropped to $ 11,450, is just a small correction in the market.

[rodskee]

According to the figures for the past year, bitcoin has already shown almost 92% of the income for its owners, which is several times higher than the indicators of other assets.

If we based that from this figure then it's right. Bitcoin holders are gainers from the past year as we
do see continuous growth and positive movement.

But today, most analysts predict income up to 100 percent or more, and this will happen in the first year after halving 2020. In addition, one must take into account geopolitical risks and even the US presidential election.

We do need those information and analyze how it might effect the current trend, we need to base
our decision coming from facts that really affects the market.

The fact that Bitcoin rose more than $ 12,000, and today dropped to $ 11,450, is just a small correction in the market.

Bitcoin still holding and trying to regained, not an easy task to analyze but it is indeed needed to
keep you moving forward.

[LUCKMCFLY]

As everything is going, anything can happen, this is the interesting thing about this world, volatility does its part, I think there is a very good injection of money into the market, there are more investors entering, the movements have occurred with a considerable volume, whatever person can say that everything is ready for a new ATH, but it is better to wait and buy what you can, at this moment the smartest thing is Hodl.

[maydna]

It really is hard to predict where the price is going to head it''s either it moves forward or backward, it could go either way it' been like this ever since Bitcoin was traded, there are so many factors why the price goes up and down, but I just notice that bad news will not make a big impact on the price anymore, but the good news does make a big impact on the price the market has matured.

I just hope that the price will not go down below $10k because if that happens, I cannot imagine what people will react, especially if they still hold bitcoin that they buy at $11k. But I think some people already cut their bitcoin's loss because today, the price is down again and reach $11,300-$11,400 level, and the price has the chance to go down for further.

We hope that the bad news will not make the price go down, so people will not confuse and panic. I am sure that it is just another correction that will always happen to bitcoin price, so after this drama, the bitcoin price will have more chances to break every high price. You need to be ready by watching the price moves because we never know if the price will go down or go up this day.

[danherbias07]

Even with coronavirus still around? No, I don't think it can hit 17k.
A lot of people holding bitcoin may want it but it's a low percentage to happen.
Back to $9k might even have a higher chance than a pump.

Not much buyers. Usage is still low. What drastic reason could there be to make a pump?

[dimonstration]

Even with coronavirus still around? No, I don't think it can hit 17k.
A lot of people holding bitcoin may want it but it's a low percentage to happen.
Back to $9k might even have a higher chance than a pump.

Not much buyers. Usage is still low. What drastic reason could there be to make a pump?

Some medicine company are already on the final stage of there trial of vaccine for COVID-19. According to them, Vaccine can be used next year so it pump can happened. DeFI coin drive the price up of the whole community including BTC. You are right that there is a chance that it will fall to 9k  because of correction due to huge gap on MA. Correction can't avoid especially when the coin is already oversold but 17k is possible but not this year. Maybe early next year or magically on last week of december just like what happened on 2017 bitcoin pump to ATH.

[KTChampions]

This is another forecast in the series "the price may fall and may rise". Nothing useful )
As far as my opinion is concerned, both directions are equally probable, but the 9k level is much closer, so if I had to choose, I would bet on moving to this level.

Actually a tiring up thing already where you do hear up these calls commonly or these media outlets just do post up something just for them to get some attention but actually these articles doesnt really give out something new but just a typical speculation on where an average joe can able to do so.Slipping to 9k wouldnt really be that far and to think that price would always have the tendency on crashing even way more lower that anticipated.
If it drops then buyback but is it really as it sounds? No. and now the price is tanking below 12k level but we wouldnt know on what would be the next movement neither it would go below 11k and head down to lower levels
or would simply break that 12k and go forth or would just retest this resistance one again? those are probabilities on next movement and as a trader then you should be smartly utilize it.

You right. By the way, I sold my bitcoins (earnings from a signature campaign) at the price level of $ 12,300. In principle, now I have made a good profit if I buy them back, but I think that the fall will continue, so I will wait for an even more profitable option.

[STT]

Glad I didnt give up on my early bearish take, it is generally weak for this moment and a bit of a momentum stall basically.   We have to build up a picture of why and how much of pullback is due.    Always crypto will fight and try to go upwards while declining and its hard to sort which is the dominant of the two.   



Still looking for strength and support long before we come near 9k but imo it is feasible to get there but probably much further out then straight away now I was thinking upto a month from now.     Graph shows us touching weekly average, not able to break upward and also now below a rough monthly measure.   We're in a negative phase to price action, I'll look at daily also to out rank this 200 day is the obvious foot hold.

[bearexin]

The price is not really looking like it is going down that easily. We have seen over $12k and that was a great moment however one thing is for sure, when it went down it could have hit the $9k price as well but it didn't that means bitcoin is not bearish, if it was bearish the price would have hit lower but it didn't that means buyers are still around and they are still keeping the price higher as well, that is why I believe it is hitting $17k first, not because it is bullish but because it is not bearish at all.

Being bullish and being "not bearish" are different things and I believe right now the price is not bearish which means the price is doing alright for now and until something changes and it becomes bearish there won't be anymore falls and that is why I believe we are going to do well.

[smyslov]

Being bullish and being "not bearish" are different things and I believe right now the price is not bearish which means the price is doing alright for now and until something changes and it becomes bearish there won't be anymore falls and that is why I believe we are going to do well.

Bitcoin at $11 k I don't think it's bearish, when we are struggling to get at $11 k for almost two years, I'd like to believe that we are in a bull trend, and price will eventually reach another all time high, it's only a matter of time, the buying motivation is going strong many investors are now turning to Bitcoin to protect their assets and investment.

[KTChampions]

Bitcoin at $11 k I don't think it's bearish, when we are struggling to get at $11 k for almost two years, I'd like to believe that we are in a bull trend, and price will eventually reach another all time high, it's only a matter of time, the buying motivation is going strong many investors are now turning to Bitcoin to protect their assets and investment.

I agree. Technically, the +/- $ 1,000 is the natural fluctuation of the bitcoin price. Another thing is that the bullish trend has already ended and many people believe that its resumption is unlikely without a more or less prolonged bear market.

[TheGreatPython]

The first one will be 17k if you ask me. I am not saying it will happen right away but if you ask me "which one bitcoin will hit first, 9k or 17k?" I would answer that with 17k, I believe that bitcoin is still on a bullish run and the price would go up very soon as well, this 12k try is not over, we tried it once and went down, we will try again and will go above and stay there this time.

When we go above 12k and not go down that will be a big sign of bullish run and more people will come and when more people comes there will be a lot more going up as well since new people means more money going into bitcoin and more money going in bitcoin means higher price of bitcoin as well. I am not sure if it will be like that forever because eventually it will go back down but we will definitely hit 17k first.

[KTChampions]

The first one will be 17k if you ask me. I am not saying it will happen right away but if you ask me "which one bitcoin will hit first, 9k or 17k?" I would answer that with 17k, I believe that bitcoin is still on a bullish run and the price would go up very soon as well, this 12k try is not over, we tried it once and went down, we will try again and will go above and stay there this time.
~

So, if you are so confident in this, then there is a great opportunity for margin trading now? We can bet on growth up to 16k (for safety net), while choosing a margin trading ratio that will not liquidate us even at 8k (also for safety net). It seems to me that if such a bet works, then we can get a profit of about 50% only on this one move