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Author Topic: Bitcoin over $10,000 for the past 66 days  (Read 1155 times)
gurjasmeetsingh
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October 14, 2020, 07:20:13 AM
 #81

It is not time to predict about bitcoin. But l have surety bitcoin price will be grow up & to attract the people to invest in bitcoin. I think so.
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October 14, 2020, 11:21:57 AM
 #82

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 just analyzed that the price will stay the same right above $ 10k, but haven't shown anything to start yet, we know the bitcoin halving has happened, this is where we wait for the surprise about it in a year after, I think it's hard to play under $ 10k again
If the price didn't go below $10K after the news of Trump and Ivanka catching Covid-19 then it going to stay above the price mark, there was a temporary dump when the news filtered out however its seem the price had started picking up, some spot, forex  pair also experienced a fall in the price that shows the strength of fundamentals news with regards to price movement and volatility.
You can see that currently the price is touching above $ 11k again, it doesn't show a big impact to the downside price for bitcoin, because usually after the bitcoin halving the price will continue to be like that and will go to the next rally in some time.

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October 17, 2020, 04:52:31 PM
 #83

I don't figure the cost will go up now since it's stable. There will be another accident in the future, and the market will tumble down again, and afterward, it goes up.
I am not generally secure with this, but rather it occurs in the past.
Whenever a bad event shows up, it upset the market, which impacts on bitcoin's cost.
However, after the bad event, cost improve enough than previously.
So I consider showing up on the bad event will be acceptable because you need to see an increase in cost.
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October 18, 2020, 09:01:42 AM
 #84

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?


Anything and everything can happen in a highly volatile market just last March Bitcoin is trading at $5000 mark now after 7 months the price has double we really can't tell if the price will go down to blow the $10000 mark, because like what OP has said no one has predicted the coming of the pandemic, tomorrow it could be like $30000 it's hard to tell but always keep the faith.

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October 18, 2020, 09:39:34 AM
 #85

I don't think that 10K has a strong meaning... It can go down to 8K, or rise to 12K... In a few years it may cost much more than we now imagine! Grin

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October 18, 2020, 12:03:51 PM
 #86

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?


Anything and everything can happen in a highly volatile market just last March Bitcoin is trading at $5000 mark now after 7 months the price has double we really can't tell if the price will go down to blow the $10000 mark, because like what OP has said no one has predicted the coming of the pandemic, tomorrow it could be like $30000 it's hard to tell but always keep the faith.

The volatility in bitcoin is of course great, but I don't know what needs to happen for the price to quickly make x3. Probably something like the recognition of bitcoin as a currency by central banks, but as you understand it will not happen. I would rather believe in another rapid collapse than in rapid growth)

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October 18, 2020, 12:47:18 PM
 #87

We’ve got a really solid floor now, we’ve seen a global pandemic & here we are still over $10,000. Expect six figured $ valued bitcoin next year. It’s going to be very exciting.

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October 18, 2020, 02:05:47 PM
 #88

We’ve got a really solid floor now, we’ve seen a global pandemic & here we are still over $10,000. Expect six figured $ valued bitcoin next year. It’s going to be very exciting.
because the Pandemic I think Bitcoin is becoming popular, we know the work is now at home,
and people have full access to the internet, and Bitcoin is one of the best investment options,
$ 10000 for Bitcoin is a key level of the next bullish cycle, hope it can hold in this price

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October 18, 2020, 02:58:59 PM
 #89

We’ve got a really solid floor now, we’ve seen a global pandemic & here we are still over $10,000. Expect six figured $ valued bitcoin next year. It’s going to be very exciting.
because the Pandemic I think Bitcoin is becoming popular, we know the work is now at home,
and people have full access to the internet, and Bitcoin is one of the best investment options,
$ 10000 for Bitcoin is a key level of the next bullish cycle, hope it can hold in this price
During the pandemic we can spend time with bitcoin and with internet access what we do is want to know about bitcoin how it is developing, well here many people are starting to be interested in investing in bitcoin with prices that are staying at quite a number of 10k and are now at the 11.4 level. k it indicates the bitcoin cycle will be strong, with the addition of the next number I am sure this will be a big increase.

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October 18, 2020, 03:14:45 PM
 #90

It is not time to predict about bitcoin. But l have surety bitcoin price will be grow up & to attract the people to invest in bitcoin. I think so.

Bitcoin has been over 10k for now more than couple of months and that too during the times when all other market due to pandemic were falling. So it means that demand continues to rise or remain stable and thus it is able to sustain the price. Hoping that we could see it soon above 12k levels as well.

In fact, it may not be the demand but the artificial keeping of the price, but in any case I do not care much about it! I am still optimistic about the future of bitcoin! Although it seems to me that after the U.S. presidential election, the price may fall, but most likely it will not be for long!

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beerlover
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October 18, 2020, 04:06:23 PM
 #91

It is not going to be 30k anytime soon at all, it is going to be decent for sure, I am not saying it is not going to go up, it will definitely go up eventually, all I am saying is when it goes up it is not going to be like a 30k type of going up, that is why I believe we should not be too hyped about it.

Because when you get hyped like crazy and end up with something like 20k in price, you still wait for 30k and then it goes down and you lose all your money if you bought at around 20k levels, so be ready for fall whenever it happens. That would be the best way to go, buy like it is going up, be ready like it might go down. At that point you take advantage of any ups, and you do not get hurt by any lows neither, it would be very helpful for everyone involved in trading.

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October 18, 2020, 04:16:21 PM
 #92

Very much possible to go down to under $10k again. A volatile currency. But just hoping that it goes up to $20k before the year ends. It will be a great holiday season when that happens. Smiley
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October 18, 2020, 05:03:54 PM
 #93

It is not going to be 30k anytime soon at all, it is going to be decent for sure, I am not saying it is not going to go up, it will definitely go up eventually, all I am saying is when it goes up it is not going to be like a 30k type of going up, that is why I believe we should not be too hyped about it.

Because when you get hyped like crazy and end up with something like 20k in price, you still wait for 30k and then it goes down and you lose all your money if you bought at around 20k levels, so be ready for fall whenever it happens. That would be the best way to go, buy like it is going up, be ready like it might go down. At that point you take advantage of any ups, and you do not get hurt by any lows neither, it would be very helpful for everyone involved in trading.
Yes, for the near future it seems impossible and it is just a prediction that is not necessarily true and many people have previously predicted that the price of bitcoin will reach a very high price with a different face value and vice versa.
The increase in bitcoing prices is likely to occur in the near future and I cannot predict it because lately the movement of bitcoin is difficult to predict, you should take advantage of the cheap price of bitcoin to buy it because after a decline it will definitely go up again and take advantage of it I think is good.
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October 18, 2020, 06:43:02 PM
 #94

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
There is no impossible for bitcoin price movement, its price can up and down without we realized it. But, I don't know I just thinking that its price will never touch below $10.000 for this year. The reason that I have is bitcoin price should fall a lot when there is a problem with an exchange especially hacking event.

A few weeks ago there are some exchange who got a problem, one exchange has been hacked and another can't withdraw all user funds but its price just fall slowly not drastic as we have seen with the previous event. I don't know the reason behind it but clearly there will be many whales who still hold bitcoin at this situation and it would be good in the further situation.
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October 18, 2020, 10:31:05 PM
 #95

It is not going to be 30k anytime soon at all, it is going to be decent for sure, I am not saying it is not going to go up, it will definitely go up eventually, all I am saying is when it goes up it is not going to be like a 30k type of going up, that is why I believe we should not be too hyped about it.

Because when you get hyped like crazy and end up with something like 20k in price, you still wait for 30k and then it goes down and you lose all your money if you bought at around 20k levels, so be ready for fall whenever it happens. That would be the best way to go, buy like it is going up, be ready like it might go down. At that point you take advantage of any ups, and you do not get hurt by any lows neither, it would be very helpful for everyone involved in trading.
Yes, for the near future it seems impossible and it is just a prediction that is not necessarily true and many people have previously predicted that the price of bitcoin will reach a very high price with a different face value and vice versa.
The increase in bitcoing prices is likely to occur in the near future and I cannot predict it because lately the movement of bitcoin is difficult to predict, you should take advantage of the cheap price of bitcoin to buy it because after a decline it will definitely go up again and take advantage of it I think is good.
Predicting on what would be the price of bitcoin in the future is somewhat useless into those people who do actively trade with it where they dont mind on what would be the price ahead
which the most important is that they do able to get profits on dealing with price on active manner.Predictions is always can be seen into this market yet price had always been unpredictable.
We can tally though on what are the statistics but doesnt mean that they would repeat once again.On the topic about 10k price in past 66 days? we cant be sure if we would be heading back
below into that level.Thing here is that you do able to utilize to make profits neither the market is plumetting down or rising up.It doesnt matter because price had
always been unpredictable.

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October 18, 2020, 10:45:18 PM
Last edit: June 12, 2023, 02:29:08 AM by STT
 #96

Its a good observation as 10k area is near to the full value for BTC and the longer we maintain a lower price the more likely it can hold for a greater rise beyond this range.   July was important in being capped by 10500 previously and then exceeding that and keeping it as a low.   The biggest clue would probably to look at the dollar index or DXY and see if we have altered into a new phase there, I doubt BTC would fall while that stays at levels similar to July or lower say about 94.6 seen in Sept DXY peak.

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October 18, 2020, 11:49:19 PM
 #97

It is not time to predict about bitcoin. But l have surety bitcoin price will be grow up & to attract the people to invest in bitcoin. I think so.

Bitcoin has been over 10k for now more than couple of months and that too during the times when all other market due to pandemic were falling. So it means that demand continues to rise or remain stable and thus it is able to sustain the price. Hoping that we could see it soon above 12k levels as well.

I've been so confident about the growing instances of the market $12k-$13k range before we end up this year but can't also deny and any possible for dumps will come.

As we enter the last quarter of this year, we saw a strong market gain despite the pandemic and this implies into something more hopeful crypto adoption. It sounds like the pandemic helps it and the new normal making its way to finally see the importance of Bitcoin besides the existing cashless payment system (credit and debit cards).

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October 19, 2020, 11:47:25 AM
Merited by TimeTeller (1)
 #98

This is something I have been expecting for a long time, I knew from a long time that the price of Bitcoin will keep on climbing. The lowest price we had in the past years might not be the lowest we will be seeing in the future. Thought the lowest for this year was something we never expected, the price wouldn’t have dropped that low if not because of the pandemic, but that has happened.

Moreover I am happy that it never took long before the price started going back up again, and now it has been balanced. Let’s hope for more of this increase in the future. That’s why it’s always good to invest in Bitcoin with plans of holding for a long period, because that’s when you can benefit from it.
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October 19, 2020, 12:16:03 PM
 #99

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
Let us not talk about the falling instead lets look for another hype lol.

$10k is indeed in good faith this couple of months but we need more because the situation now is subsiding from the Burn of Covid 19.
so basically purely Pumping is what we need and more off the Election of US is soon to come,surely another movement will near to come.

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October 23, 2020, 09:26:40 AM
 #100

Let us not talk about the falling instead lets look for another hype lol.

$10k is indeed in good faith this couple of months but we need more because the situation now is subsiding from the Burn of Covid 19.
so basically purely Pumping is what we need and more off the Election of US is soon to come,surely another movement will near to come.

I'm surprised that the past movement took place long (relatively) before the elections. What caused this? I don't see any fundamental factors at the moment. I see that the hashrate of the bitcoin network is breaking records, but this cannot be the reason, usually it is a consequence of some positive changes.

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