Bitcoin breached $14k today

[blockman]

I didn't noticed that it actually broken $14k barrier for a quick time. I've missed witnessing it but we're having a safe haven to $13,800. Although this isn't the support and we have lower than that but this shows that any higher price can be met soon.

Great we are now breaking into $14K mark so are we going to continue on climbing or are we going to go down soon?

Just always be open with the possibility of correction and vice versa.

Do you think that it would stay at $14K or would it be just the same as it did on $13K it would climb up faster?

We have to wait until it retest and stays on $14k for a longer time just like what it did on $11k and $12k. The slower the better.

[thecodebear]

I'm looking for it to push up to $15k and possibly over, before a pullback and a week or so of alt-season before they drop too. Bitcoin corrects to $11,000s in Nov/Dec before more firmly establishing itself in $13k/$14k territory in Jan/Feb.


$20k breached by July.

[yhiaali3]

Of course, it is nice that Bitcoin touches the long-awaited $ 14000 point, but it could not hold out there for long, I think it is too early to talk about new Bitcoin peaks because we need some time to see if Bitcoin will stabilize at this point or not.
I'm sure it won't be long until we see new peaks larger than the ones we saw in the 2017-2018 peaks. This is what everyone has been talking about since the last bitcoin halving several months ago.

[error08]

Just a few hours ago, Bitcoin breached the long awaited $14k checkpoint.

Long did the analysts and evangelists preached about this milestone.
$14 000 is finally upon us. Are we ready to handle it? Is Bitcoin primed to unleash its might upon us?

We are not ready to handle the new $14,000 price range milestones because the Bitcoin transaction network confirmation delay with mempool flooding could be the reason for this current surge in price and we cant know if we are ready until the transaction confirmation delay is under control which will give chance for some arbitrage trader, whales etc to dump/manipulate the market.

That is one of the biggest downsides of bitcoin, too many queues on mempool makes transaction confirmed longer even could take days or pay a higher fee to get it confirmed faster. Currently, the fastest transaction fee is 350 satoshis/byte to get confirmed in less than 20 minutes and you can pay fees of 172 sat/byte to get confirmed within 1 hour.
Nevertheless, bitcoin price manages to reach $14K although it jus a blink of an eye moment, now bitcoin easily maintains the support level at $13,600. Wait for 24 hours, whether bitcoin can hold its position or take a brief dip to $13,200 resistance level.

[maydna]

It seems, bitcoin price can't still increase after the price down from $14k to $13,800, and the price now still goes down touch $13,600. I only think that the price makes a correction again after touch $14k, and in the next week, the price will start to rise again. But if you look at the chart, the bitcoin price needs more time to break $14k, which can happen this month. There are many predictions on where bitcoin prices will go, but we need to prepare to buy or sell it later based on the current situations, including to be sideways for a while at a price now before the price starts the rallies.

[buwaytress]

There was supposed to be a massive wall at 14k, so the pullback was expected -- what I wasn't expecting though was that Bitcoin actually held quite well near 14k, instead of retracing to 13.5 or thereabouts.

Probably will need a couple more pushes at least but I guess a lot of people are happy to see this level after so long.

Trump poll results on Monday is going to head us somewhere strong too.

[btc78]

Just a few hours ago, Bitcoin breached the long awaited $14k checkpoint.



Long did the analysts and evangelists preached about this milestone.
$14 000 is finally upon us. Are we ready to handle it? Is Bitcoin primed to unleash its might upon us?

it is $14,028 correctly according to CoinMarketCapitalization

https://coinmarketcap.com/currencies/bitcoin/

Is this the start of the New Market Hyping?are we looking for the much awaited Bullrun?

if Does then i'm lucky as keeping all my assets intact and selling nothing for the past Pandemic season.

Though the value is still sitting at 13,700$ now yet good to see that we made another breakthrough .

[serjent05]

Looks like bystanders took the chance to sell their BTC when it hits $14k today.  You can see it on the pullback right after BTC hits $14k.  Though I can say that BTC would hover around $13.7k for some time and will eventually break $14k again then push through $14.5k.  If only FOMO triggers once again, we can see BTC crossing $15k  before this end of November.

[AjithBtc]

As the market seems to move above $13500, people are very keen to make the sell order at $14000. Based on the market change more sell orders could've got executed by $14000. Probably the market will once again re-bounce in a short taking the price over $14000. As of now the market seems to fluctuate within specific price point without much of downward deviation which confirm the stable growth above $14000 soon.

[XCANA]

That was a good breached at $14k becasue the market need to bounce back for more correction at this junction as we have seen Bitcoin behaves recently. The outbreak of this historical even could be a yardstick for a cater-porting to $15k if resistance is found in this $14k. Hope to see the movement of Bitcoin after this breakout before the end of November, 2020. 

[Jating]

As the market seems to move above $13500, people are very keen to make the sell order at $14000. Based on the market change more sell orders could've got executed by $14000. Probably the market will once again re-bounce in a short taking the price over $14000. As of now the market seems to fluctuate within specific price point without much of downward deviation which confirm the stable growth above $14000 soon.

This November will be a big test, yes it just briefly touch $14k but there are a lot of sell orders executed at $14k so obviously, it good sold hence the price goes down a bit. But the price seems to be on the up and down after that, so come Monday, we will see if we bull will attempt to get into $14k and then sustain it a bit become the support and mid November or maybe after the election, we will have a clearer picture as what the price movement will be.

If everything favours and the sentiments continue to be bullish this November so I wouldn't be surprised if $15k or $15500 or even $16k will be the price at the end of this pandemic dominant 2020.

[KTChampions]

There a lot more individual and group of financial institution to go into bitcoin coming very soon and boom to reach $50000 looks like not a dream anymore.
It has been 2 years since 2018 the price reached back to $14000 this is insane after we have been through down to $4000 in march, and now we are in strong bullish signal .
This is not a temporary hype. This is a real organic movement.
How confident are you guys riding this moment?

I'm not confident about this  In general, due to the epidemic and the ensuing crisis, it is very difficult to understand the current economic situation. I have the impression that small and medium-sized economic entities suffer and do not have free funds, while large ones, on the contrary, are bathed in money. And most likely it is they who can easily decide which direction the price of most assets, including bitcoin, will go.

[Yamifoud]

Great we are now breaking into $14K mark so are we going to continue on climbing or are we going to go down soon?
Do you think that it would stay at $14K or would it be just the same as it did on $13K it would climb up faster?

Not yet. Reaching to $14k is nearly possible but can't think that we gonna hold that long, dumps can be also at its near right after. If we can see the chart now, the price moves slowly, apparently there is no big change from yesterday. If the trend will keep that improvement, taken for granted that wasn't be reaching high before we end up this year.

I'm not thinking as well that investors will do the rally this time unlike what they did last 2017.

[Reid]

$14k happened so quick I missed it.  
$15k is just so damn hard to reach right now.

I am expecting a $13k to be the bottom when people can now use Paypal as a means of buying Bitcoin.
We all know in this forum most members would not transact by that means but now it is accessible to the real buyers without the middleman or Paypal as the middleman.
$1k up is not that bad. I won't be expecting more to avoid hurting my feelings.  

[SquallLeonhart]

The downfall of the price back to $13.7k is understandable, it is a correction that should constantly happen unless we are not ready to break over yet, it is not going to be something that is constant and we are not going to see a big bear run on bitcoin if you ask me. Just because bitcoin price fails to go over a certain price doesn't mean it is falling, it just means that it is not increasing and believe me "not increasing" and "going down" are two very different things.

Of course we are going to see above $14k eventually one day, maybe today maybe tomorrow maybe a week later or maybe later but we are going to see $14k+ without a doubt. However be ready that we could also see under $10k one day as well, maybe it won't happen today or maybe it won't happen anytime soon but under $10k will always be a glooming factor over our heads as well.

[hatshepsut93]

I think the highs are not as important in Bitcoin as lows. It can grow very quickly, even in just minutes, but what is important is what comes after that. Can it maintain the new level, or is it just a short-lived fluctuation? Recently Bitcoin fell to $13k after reaching $13.7k but then recovered back, and I think it's much more important than reaching $14k. If new price levels keep being defended, it means that upwards momentum is strong, and new highs will be reached, with or without sharp spikes.

[STT]

I'll 2nd that, lows and a trend rising form the base to any proper move.


A different look to this latest move is just a simple rise above the 2 day average.   More important is the weekly average below which we kept when selling off from the initial rise.  I dont think this move overall has been properly challenged so far to call it strong or weak with proper targets.   This next week has a large news event which suggests we do get the shock test to markets generally and also BTC.

[samcrypto]

This is definitely good news for Bitcoin.  Giving my own opinion, the demand for Bitcoin will increase significantly in the next one or two years and its market value will continue to increase gradually.

This is expected to happen considering that many are doing their transactions now through online and some countries are already adopting blockchain technology. Bitcoin was able to hit the price of $14k but it didn’t stay on this level and failed to totally break the resistance, what’s good in the market right now is that, we are still trying to go up and the momentum is still here. I’m too close to my prediction before the year end at the price of $15K and I hope to see that price again.

[AmoreJaz]

This is definitely good news for Bitcoin.  Giving my own opinion, the demand for Bitcoin will increase significantly in the next one or two years and its market value will continue to increase gradually.

This is expected to happen considering that many are doing their transactions now through online and some countries are already adopting blockchain technology. Bitcoin was able to hit the price of $14k but it didn’t stay on this level and failed to totally break the resistance, what’s good in the market right now is that, we are still trying to go up and the momentum is still here. I’m too close to my prediction before the year end at the price of $15K and I hope to see that price again.

for now, it didnt stay on the 14k level but sooner or later 14k will just be a history for bitcoin. with increasing adoption and more crypto users on board, the price will slowly climb up. we will not stay on this price range forever, either we go up or we go down. but the possibility of going up is favoured this time. the integration of PayPal and other merchants in their payment system will drive adoption.

there are even top companies publicly claiming that they have bitcoin as their reserve assets. and we dont know the actual numbers here just relying from their statements

https://news.bitcoin.com/here-are-the-top-public-companies-that-have-adopted-bitcoin-as-a-reserve-asset/

[Assface16678]

Just a few hours ago, Bitcoin breached the long awaited $14k checkpoint.



Long did the analysts and evangelists preached about this milestone.
$14 000 is finally upon us. Are we ready to handle it? Is Bitcoin primed to unleash its might upon us?

This has been expected and more to $15,000 is speculated also. Bitcoin has done well for the last month and I expect a continuation maybe till the year ends as we already approached the ending of the year. This is not advising not to guide and do research for better knowledge on investment.

There are already predictions that the market price will be continuously increasing until the end of this year. But the bottomline is lack of assurance. Research sometimes is not enough especially in this industry wherein patterns are not even valid due to the nature of inconcistencies regarding market behavior of not only Bitcoin but also other cryptocurrencies. Much better is to focus on holding and avoid letting go of your investments for now even if the price is already tempting or even if there are doubts that the market could again go crazy. Hold-still.