Bitcoin breached $14k today

[adaseb]

Basically it seems like a very easy trade to short the top of June 2019 at $13.8K and most likely what will happen is we will head higher. Make go all the way to $15K before dropping or it might not drop at all.

There are very many people who are calling this the top and it shows on the futures markets. Basically tons of people went short on the initial break of $13.8K and there was a sell off but the selling was overcome by very strong buying. And yet we are still trending higher and higher so I don't think this is the local top.

Maybe if we get a double top again and it fails to break $14K one more time then maybe the bears will have a chance but right now there is just way too much steam to stop this rally.

[yayayo]

I'm a little bit in this post but as you can see today it didn't breach in $14k but for what I've seen and on my own hopes I can see that the Bitcoin's price
will reach $14k and might stay at that point until the end of the year 2020 but still there's a lot of things that may happen in the next few week.

ya.ya.yo!

[traderethereum]

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.

It will break $14k again. I am sure about that.
I think this time, bitcoin will be staying at a price now and wait for another right time to start the rallies. Maybe we are difficult to know that moment, but that time will come and we will see the price start to increase step by step.
It seems that bitcoin needs to take a break for a while because the price does not increase or decrease too deep. But be careful because bitcoin can give a surprise to us.
But the sideways mode might come to us for a few days later if the support is not coming at the market.
Hopefully, that will be only my speculation, but the bitcoin can have more power to lift the price to the high price. We will see what will happen to bitcoin this week.

[STT]

I dont take round numbers as a reason for resistance really, obviously the price varies in every country and currency and the point is we are not bound to dollar exclusively.   However the price is retracting some or at least testing this resolve to continue upwards and people will sell BTC in cycles normally.   We've tested the weekly average 4 times recently which could suggest we will eventually resolve further downwards if momentum should continue to threaten a stall speed and lose altitude.   Its not a serious sell just cant say I think it has to go up right now, I think test of support is more probable before we go up.
 


Just today as I guessed end last week we do test the attitude to sell, it'll be decided as dollar and news items unfold this week.  So its a busy schedule for a few days I think, doubts are normal.

[RealMalatesta]

May not drop at all is not something we can guarantee, it is a big big big possibility that it will drop. The deal is, maybe it will reach to $20k before it starts to drop, maybe it will be $20k tomorrow or a month or 4 months later and meanwhile never drop, however I am almost guarantee that it will be under $13k one day, maybe tomorrow maybe a year from now but it will probably reach there.

I do not see bitcoin staying under $15k forever, I know that it will go over $15k for sure and have no doubt in my mind, at the same time I think bitcoin will also go under $13k as well, I have no doubt in my mind for that neither. This is the bitcoin world we are in, if you want to buy you could buy and still make a profit and if you want to sell you could sell and buy cheaper, both will happen, we just don't know when.

[TravelMug]

I'm a little bit in this post but as you can see today it didn't breach in $14k but for what I've seen and on my own hopes I can see that the Bitcoin's price
will reach $14k and might stay at that point until the end of the year 2020 but still there's a lot of things that may happen in the next few week.

ya.ya.yo!

Yes, the US election is already here, so we will see if this will have a positive or negative effect in the next coming days. But bitcoin is growing, it touches $14k, but some selling off happen, but we have been fluctuating in the range of $13,200-$13,800, so currently the bulls and bears are fighting it out.

So let's see, but I'm optimistic that whoever wins the US election it will have a good effect in the long run, and if we ever see some dips after, it could be just short term effect because of some anxiety. But for sure, bitcoin investors will stay in the market and there could be fresh blood to pump the market so it's going to be another waiting game.

[LogitechMouse]

As I expected, when Bitcoin just ticked on the $14,000 price somebody will post a thread regarding what happened.

Lets take note that the $14,000 is the strong resistance of Bitcoin and for sure traders will take profit at that time and possible that there are some shorts or longs that got liquidated. You saw on the chart that it didn't took to long to stay on that price and as of this moment, its price is at $13,400.

[Yurkov]

it will still take a long time if you want to see bitcoin reach its peak, because it is expected to be next year. This year it will be around $ 15K which will be reached by the end of the year, remember that there is still a long time (2 months) and there may be a fall again. it has happened several times and it is a very profitable short term investment. but quickly that bitcoin will move up again.

Also, I believe that $15k will be easily achieved to the end this year. Of course, a lot can happen in the next two months or so, but in my opinion a drop below $13k is unlikely.
Let's also not forget that two months in the crypto world is a very long period, so it will not be a surprise for me if we see new ATH this year

[michellee]

it will still take a long time if you want to see bitcoin reach its peak, because it is expected to be next year. This year it will be around $ 15K which will be reached by the end of the year, remember that there is still a long time (2 months) and there may be a fall again. it has happened several times and it is a very profitable short term investment. but quickly that bitcoin will move up again.

The answer will be unknown, but I hope that bitcoin can reach its peak as soon as possible
Bitcoin still has at least 2 months to lift the price to break $15k, but we also have a chance to see another correction at the end of this year, so we need to prepare and ready for anything that can happen with bitcoin. But I hope this end of the year, bitcoin price can break $15k, and if that happens, we can make a nice profit while the new ATH of bitcoin will come soon.
We can not imagine how high the new ATH will happen. But if the bitcoin price can break $19k and touch more than $30k, we can recover our losses.

[Janation]

The price itself proved it.

The price reached $14K and now it slipped back to $13.4K right now. That just means that we can't actually stay in there meaning we still can't take it. I don't know when will it happen again but I guess we will be sticking for some weeks to $13K before we can actually go higher than  $14K.

[pooya87]

Yes, the US election is already here, so we will see if this will have a positive or negative effect in the next coming days. But bitcoin is growing, it touches $14k, but some selling off happen, but we have been fluctuating in the range of $13,200-$13,800, so currently the bulls and bears are fighting it out.

So let's see, but I'm optimistic that whoever wins the US election it will have a good effect in the long run, and if we ever see some dips after, it could be just short term effect because of some anxiety. But for sure, bitcoin investors will stay in the market and there could be fresh blood to pump the market so it's going to be another waiting game.

i would be mostly worried about US economy rather than US election since election is jut a short term drama that will pass after a very short time while not to mention that it has no effects on bitcoin. while US economy has a much bigger effect, as they keep printing more money the value of dollar will decline. in fact it may have stayed up artificially due to election drama and tank dramatically afterwards. there are lots of experts that are already predicting a recession for this reason and also the COVID pandemic and its effects on the economy.
all of that will contribute to increasing bitcoin's value. not just the simple devaluation of US dollar but also all the money that comes to be invested in bitcoin due to recession.

[Yurkov]

The price itself proved it.

The price reached $14K and now it slipped back to $13.4K right now. That just means that we can't actually stay in there meaning we still can't take it. I don't know when will it happen again but I guess we will be sticking for some weeks to $13K before we can actually go higher than  $14K.

After all, the price is not rising steadily. The change in Bitcoin's rate is very dynamic. The $14k level is a very difficult barrier, but we can see that the trend is strongly upward. I don't think we'll stay in the $13k - $14k range for more than two weeks. I think Bitcoin will be attacking the $15k level at the end of November. Of course, it might get longer, but I think it will accelerate any day and I strongly believe that we will see panic buy and new ATH in December.

[Wexnident]

It was only a matter of time tbh. The peak almost every week increases bit by bit after all, and the corrections that happened didn't really bring the price down below the support levels, which really helped in retaining the price of Bitcoin at good levels.

The price itself proved it.

The price reached $14K and now it slipped back to $13.4K right now. That just means that we can't actually stay in there meaning we still can't take it. I don't know when will it happen again but I guess we will be sticking for some weeks to $13K before we can actually go higher than  $14K.

Just the usual growth. Heck, I'd rather have this than a sudden increase due to hype or whatever influence, at the very least, this kind of growth guarantees a healthy market for Bitcoin, one that could last for a very long time. Compared to the bubble back then to 2017, this is a much more preferable state.

[slapper]

Basically it seems like a very easy trade to short the top of June 2019 at $13.8K and most likely what will happen is we will head higher. Make go all the way to $15K before dropping or it might not drop at all.

There are very many people who are calling this the top and it shows on the futures markets. Basically tons of people went short on the initial break of $13.8K and there was a sell off but the selling was overcome by very strong buying. And yet we are still trending higher and higher so I don't think this is the local top.

Maybe if we get a double top again and it fails to break $14K one more time then maybe the bears will have a chance but right now there is just way too much steam to stop this rally.

I think a small drop will occur after hitting $15000. Without an adjustment, bitcoin cant go higher. IMO, we are going to create ATH every month and that is good news. People who short bitcoin right now only trade bitcoin in a short period of time while many bitcoins have been accumulated for several months since 2019.

Double top cant stops the momentum. The trend is your friend. Dont forget that. Bullish can be seen over many speculations and indicators

[Taskford]

Basically it seems like a very easy trade to short the top of June 2019 at $13.8K and most likely what will happen is we will head higher. Make go all the way to $15K before dropping or it might not drop at all.

There are very many people who are calling this the top and it shows on the futures markets. Basically tons of people went short on the initial break of $13.8K and there was a sell off but the selling was overcome by very strong buying. And yet we are still trending higher and higher so I don't think this is the local top.

Maybe if we get a double top again and it fails to break $14K one more time then maybe the bears will have a chance but right now there is just way too much steam to stop this rally.

I think a small drop will occur after hitting $15000. Without an adjustment, bitcoin cant go higher. IMO, we are going to create ATH every month and that is good news. People who short bitcoin right now only trade bitcoin in a short period of time while many bitcoins have been accumulated for several months since 2019.

Why it can't go higher? We still have good things to look for and I believe even if the market is slowly dumping for sure many traders are looking for good position to enter the market. Although we cannot deny that many people will short Bitcoin due to the current movement but still the hype is strong which can also make people decide to hold.

[Oasisman]

I'm a little bit in this post but as you can see today it didn't breach in $14k but for what I've seen and on my own hopes I can see that the Bitcoin's price
will reach $14k and might stay at that point until the end of the year 2020 but still there's a lot of things that may happen in the next few week.

ya.ya.yo!

It did actually breached the $14k mark on October 31 to be specific. Btc has tallied the highest range during that day. Though it has been followed by an immediate pull back (which kinda normal), but anytime this month Btc will gradually crawl back to $14k and might be staying at that region till the year ends. Or If there's another positive news in crypto space, Btc might go beyond $15,000.

Hopefully, 2021 will be a very bullish year just like everyone is speculating.

[asus09]

When bitcoin breached higher price absolutely have moment for bitcoin back down and correct with my ideas after bitcoin last day success break above $14k now w got bitcoin back down although with little correction, be quit when getting bitcoin have reach higher price better waiting when bitcoin correction going down to buy. Now hold your money and waiting until election day from United State announcement who the winner between Joe Bidden and Donald Trump, if try to buy now have risk what happen in United  State always give impact for bitcoin, example when Donald Trump announce get positive covid 19 bitcoin have back to lower price and we lost much money in bitcoin or altcoin after going down.

[lixer]

Just because it didn't break over and became stable over 14k doesn't change the fact that it did reached over 14k for a while, that is the fact and even though it wasn't there for a long period and only like half an hour, it did reached over it anyway.

What we need to realize is the fact that reaching 14k is not just a price but also a symbolism, ever since the 2017 peak times of 20k, we dropped lower and lower, whenever we tried to go over high prices we never broke over 14k ever again, this was the first time in 3 years that we managed to go over 14k after we went under it, which is a symbol that bitcoin is no longer in the bear/stable period and it is on the bull period and any price is possible. If 14k was possible and we went over, that means 15k could be possible and no reason not to be, same for 16k and all the way to 20k.

[Mahanton]

Just because it didn't break over and became stable over 14k doesn't change the fact that it did reached over 14k for a while, that is the fact and even though it wasn't there for a long period and only like half an hour, it did reached over it anyway.

What we need to realize is the fact that reaching 14k is not just a price but also a symbolism, ever since the 2017 peak times of 20k, we dropped lower and lower, whenever we tried to go over high prices we never broke over 14k ever again, this was the first time in 3 years that we managed to go over 14k after we went under it, which is a symbol that bitcoin is no longer in the bear/stable period and it is on the bull period and any price is possible. If 14k was possible and we went over, that means 15k could be possible and no reason not to be, same for 16k and all the way to 20k.

Reaching 10k is already half-way to its ath which on that level alone then we can say that Bitcoin isnt already into its bear state.We are slowly climbing up to the top.
We do have the same words and inputs everytime we do reach out even 1k thresold. We have said this when price hits up 12 and 13k where we do hope that it do breaks
and now we are now above 13k then its normal for us to hope for 14k and so forth with 15k onwards. Lets not be on a hurry because we would eventually go there
and best thing to be done now is to accumulate as much as you can but if you are an active trader or investor then this wont really be an issue for you.

[LUCKMCFLY]

It is a movement that is being prepared, perhaps, we can see it today or tomorrow with the incidents of the elections in the USA, whoever wins may help give a good pump to the price of Bitcoin, depending on how it looks, the volume is very good to buy. The whales have already tried that level of Offer, it was not so bad for them, I think everything is ready to enter the $ 14K.