Bitcoin over $10,000 for the past 66 days

[Rafiqul]

Do you think the BTC price will grow enough by the end of this year?

The price of cryptocurrency is always volatile, not outside of Bitcoin. Today the price of Bitcoin is more than  $11K, a few days ago it was below  $11K, a few days ago the price of Bitcoin was below  $10K. So it cannot be guaranteed that the price of Bitcoin will never fall below  $10K. However, I believe and hope that by the end of this year, the price of Bitcoin will exceed  $15K.

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[sulendra12]

For now no I think, It could be crashed in December because of the holiday but if the hype is still continuing until that day and nothing bad happened during these days, it's not going to make any big problems I think. Even on KuCoin hacking accident, it doesn't make any big difference to bitcoin in terms of price.

[Ayiranorea]

Today price of bitcoin has crossed $11000. As we're on the weekend probably the market will fall back by tomorrow. Once again the growth seems to progress by the start of the falling week. This is something common pattern of growth with bitcoin, and I this growth will go until the days close to the US election. By then we can expect some deflection, so it is time to make some profit from bitcoin volatility.

[gentlemand]

I'll wait a few more years before believing 'we will never see four figures again' but it is still a very meaningful stat.

It's the lows and consistency that tells the real story, not some ridiculous high that sustains for a few seconds. Anyone can make a spike if the market is absent enough. Creating a lasting base takes vastly more depth and that's the really informative metric.

[Kemarit]

Today price of bitcoin has crossed $11000. As we're on the weekend probably the market will fall back by tomorrow. Once again the growth seems to progress by the start of the falling week. This is something common pattern of growth with bitcoin, and I this growth will go until the days close to the US election. By then we can expect some deflection, so it is time to make some profit from bitcoin volatility.

It's incredible to see that bitcoin suddenly make a break out and the last time I checked it's $11,300. It's very weird that it happens in weekends, but I guess when the market is awake 24x7 we should expect the unexpected. But the trading volume though, something tells me that this is a fake break out.

And we have the coming US election, for sure this will have a impact in the short term as crypto enthusiast will have to wait and see if the next sitting President will be at last lax on crypto or shall we shall say 'pro-Bitcoin'.

[daarul50]

You have only one job , hold your bitcoin tightly.
Everybody knew that whenever bitcoin price triggered to move up , will be hard to stop it. Better to hold and get several times pain to hit by the dump that occured in the last few weeks rather than see the price skyrocketing but you cannot do anything because you will feel not sure that is bubble could blow anytime, no better description than this when holders smiling at $100000 and doubters crying cash the bitcoin out in cheap.
We are breaking to $12000 today.

[F_Societys]

Bitcoin has never been so predictable that we can say it will never reach this price.
In my opinion, in the coming months we should see prices below 10,000, and nothing is unlikely from this market.

[milesfull]

Looks like news about 50 millions purchase finally pumped btc to 11k+

[7788bitcoin]

This is something common pattern of growth with bitcoin, and I this growth will go until the days close to the US election. By then we can expect some
deflection, so it is time to make some profit from bitcoin volatility.

I really do not think that the price of bitcoin is linked to the US elections. The stock market might have a change considering the policies they are planning to implement and i am not expecting the same change in the price of bitcoin even though i am hearing about the cryptocurrency regulatory framework for a very long time.

[Twinkledoe]

This is something common pattern of growth with bitcoin, and I this growth will go until the days close to the US election. By then we can expect some
deflection, so it is time to make some profit from bitcoin volatility.

I really do not think that the price of bitcoin is linked to the US elections. The stock market might have a change considering the policies they are planning to implement and i am not expecting the same change in the price of bitcoin even though i am hearing about the cryptocurrency regulatory framework for a very long time.

There are many contributing factors why bitcoin is increasing in the market. The US election may have a lil bit part of it but identifying it as a major push to what's happening in the market is I think too much. But whatever the reasons are, of course crypto users are happy when bitcoin is continuously going up. Even with the pandemic crisis, here we are, bitcoin is soaring.

[Google+]

This is something common pattern of growth with bitcoin, and I this growth will go until the days close to the US election. By then we can expect some
deflection, so it is time to make some profit from bitcoin volatility.

I really do not think that the price of bitcoin is linked to the US elections. The stock market might have a change considering the policies they are planning to implement and i am not expecting the same change in the price of bitcoin even though i am hearing about the cryptocurrency regulatory framework for a very long time.

It should be that if the case of the US Presidential election is withdrawn, there will be no significant influence on the price of bitcoin, it's just that maybe a group of whales who have a lot of money and maybe the people who control the world economy are trying to move the bitcoin market trying to make the price fall so that it seems to have a bad influence against the world.

[Slow death]

Will BTC ever drop under $10,000 ever again?

if it reached $10,000 it can also fall below $10,000. This should not be a question to ask, remember that bitcoin has already reached $19,000 and then dropped to $3000, so why couldn't it fall below $ 10,000? interestingly the day after you made this post the bitcoin price dropped to $ 9800. one cannot think that the price is very stable then it is impossible to fall below $10,000.

This is something common pattern of growth with bitcoin, and I this growth will go until the days close to the US election. By then we can expect some
deflection, so it is time to make some profit from bitcoin volatility.

I really do not think that the price of bitcoin is linked to the US elections. The stock market might have a change considering the policies they are planning to implement and i am not expecting the same change in the price of bitcoin even though i am hearing about the cryptocurrency regulatory framework for a very long time.

I also don't see any relationship with these elections


and there we go again:

$17K Bitcoin price a real possibility if bulls flip $12K to support

[Vishnu.Reang]

I really do not think that the price of bitcoin is linked to the US elections. The stock market might have a change considering the policies they are planning to implement and i am not expecting the same change in the price of bitcoin even though i am hearing about the cryptocurrency regulatory framework for a very long time.

The US presidential elections of 2012 and 2016 had zero impact on the exchange rates of Bitcoin. I don't think that the situation has changed in a big way. If Biden is elected, the stock markets may go down for sometime, but that should not have an impact on the Bitcoin prices. Both the candidates are rather indifferent to the idea of cryptocurrency. They don't hate Bitcoin, and at the same time, they don't have any reason to love Bitcoin.

[DarkDays]

Bitcoin has been above $10,000 since July 27 and attracts more young investors and crypto enthusiast. Will BTC ever drop under $10,000 ever again?

Read the article if you also find it interesting: https://www.worldcoinindex.com/news/bitcoin-makes-new-record-completes-63-days-consistently-over-10k-the-longest-period-ever

I think it is never a time where we can all agree that BTC won't drop under a certain value. The volatility of the market can not take into account how other external economic factors might influence the market value of crypto, and thus can never be expected that dumping or jumping in whatever proportion will no happen. I think if people assume that BTC can not go below 10k and start investing only to find out that it can, it would be a petty and not to mention a huge risk.

[budi691]

the number of new adoptions makes the price of Bitcoin continue and tends to continue to increase, many new investors are interested in investing in Bitcoin, I believe bitcoin will increase far beyond what many people think

[imteaz]

It mostly due to so many people buying bitcoin around the world. The more people buy, price will keep rocketing, however Whale is not moving their money yet, If they try to dump, then bitcoin might dump about 10% to 15%, but I am sure, it will come back over 10k, very soon. In near future, bitcoin might stable around $12k to $15k. It will be good for people who holding bitcoin for long time.

[konfuzius5278]

Are you guys forgetting BTC sitting in the doldrums between $160 and $450 for essentially 2.5 years? People already now know the halvenings increased prices the last 2 times so I can assume the next halvening will not do anything to the price. More government support or bans (yes both of them) will drive price upwards. Seems many countries are happy to back it once they know they can securely collection taxation from trading.

I think not the halvening cause anything. It was the ICO Hype last time. So having a relation between two numbers dont need to mean there is a correlation.
Think of one thing we say in german:
There are less Storks here..... we have less babies---- so the storks bring the babies...

[uray]

The volatility of the market can not take into account how other external economic factors might influence the market value of crypto, and thus can never be expected that dumping or jumping in whatever proportion will no happen.

For sometime the outside economic factors are having a major influence on the cryptocurrency market and it is spoken here in the forum as well that the changes in the stock market is directly influencing the bitcoin and cryptocurrency market.

I think if people assume that BTC can not go below 10k and start investing only to find out that it can, it would be a petty and not to mention a huge risk.

The price can go in either direction as we have seen a fall in price last time which was around 70% when the bitcoin market corrected and right now if we have a 12% correction we would go below $10k.

I was not fully aware of the fact that the price was above $10k for the past 60 plus days even though i know it was above for quite some time, what it shows is that whenever the market is correcting there are huge investments coming in to hold the market.

[Xxmodded]

Keep going on for bitcoin reach higher price above 12k$ and become good way because have trend for bitcoin at the end year for break out to higher price, last October bitcoin always make good thing how to bring positive news to give chance for many investor hold their assets and keep investing for reaching much profit, depend how external condition to make bitcoin keep going strong with higher price and keep profitable when have many investor together keep holding for last year moment to see bitcoin on the top price. Bitcoin could be good management investment for this year during have bad economic world condition like now during covid 19 still not stoppable more than one year without get vaccine.

[imstillthebest]

 

Bitcoin has been above $10,000 since July 27 and attracts more young investors and crypto enthusiast.

why it attracts more young investors more than the old investors . young people tend to go outside and spend things that they like the most but older people have a serious view on thier life .

i did not notice that its been 63 days now where btc stays on the same range . isnt that amazing ? our wish of btc to become a more stable currency are now going to reality but your asking if btc will ever drop again , yes of course it will and the drop should not be question but the real question if where will that happen ? well thats a mystery now because btc are now changing its style .