Bitcoin price to reach $17k?

[blckhawk]

Bitcoin has risen its price from the start, which was $0.08 per coin until now which is $14912.
today, I was reading a post on CoinBazar724.com which was directed from cointelegraph.com saying that BTC may reach to even $17k!!!

Do you think this is possible?

It is possible in fact Bitcoin is now hovering around $15k and it is slowly increasing, if this continues we might saw Bitcoin touch $17 at the end of this year, perhaps this might occur in the last month.

since BTC is not remained too much, some people say it may even reach $100k!!
in this manner, do you think it is worth the risk to buy bitcoin? 

I just saw literally a thread that says it Bitcoin will pump touch $100k-$200 at the end of the month of the year 2021, he provided some evidence as well. Anyway, I also do hope that happens, it is a little bit exaggerated though coz I doubt Bitcoin will grow that big within a small timeframe but who knows Bitcoin was still hard to predict after all. As a matter of fact, we didn't expect that it will touch $20k are we?

[carlisle1]

If you are not in a Hurry?then yes Bitcoin is worth the risk,the only problem we may have is when we are investing money from our budget to buy foods

Honestly, if you have a "budget" for food, you should stay away from investment into crypto. The price may go up or crap back down below $7k taking your money with it. Overall long term, Bitcoin should keep going up unless something else replaces it but it takes a lot of time. This is an excellent investment to throw a small some slice for retirement. Most who try to use this to try to make a quick buck or two will fail due to the volatility.

Well that's what I've said literally in my post about not investing the money that reserves for our food as this is real risky and you may lose everything in a glimpse of an eye.
Like what happen recently when the covid19 took over the market and drops the value of all coins more than 50% and people lose their money from that.

The daily chart shows you have missed the train already but it is very likely that btc will be above 17k because it is very near target if I compare it with the support at @13700. All traders who are fomo'ing in this market shows that we are in for some huge price action and if a drop happens, it will be bigger than the pump. So they keep on buying and the whales too are eating up some high volume sell candles.

Train will always run forward the problem is it won't bring us profit at some point, so better that we are in right timing like now.

Buy now or regret later ,that's what holders suppose to say.

[error08]

The daily chart shows you have missed the train already but it is very likely that btc will be above 17k because it is very near target if I compare it with the support at @13700. All traders who are fomo'ing in this market shows that we are in for some huge price action and if a drop happens, it will be bigger than the pump. So they keep on buying and the whales too are eating up some high volume sell candles.

Let us see then if it rises or it crashes, though I am positive with the rise to continue and more stable it gets at current price better so that it can sustain the drop and not be a major one if correction had to happen or big investors sell before the new year. Let us hope it can cross 17k or be near that by year end.

A big drop may follow after bitcoin reach a new ATH, since bitcoin price increase gradually instead of instant hence the support levels are more robust than before.
At this point, short is riskier than long position because bitcoin shows the sign of uptrend pattern isn't over yet.
Bitcoin may stay in this sideways pattern for a week before starts to climb higher, just enjoy the current price while it lasts, buys it.

[gabbie2010]

Bitcoin prices are closest to $15,500. I think it can break today or tomorrow, and after that, the bitcoin price can still increase to break $16k. But to break $17k, the bitcoin price will need more time because if the bitcoin market is like this, I am not sure that we will see $17k this month. Maybe it will break it in the next month. If that happens, maybe we will see the price will touch $19k at the end of this year or even the price can increase higher at $20k. It is just speculation, and no one will know the truth. If you want to make a profit, you need to wait for the uptrend and reach the highest price to make a profit again.

We are almost there but we don't know on when this gonna happen but we should not expect more since it could possibly make us left behind when the dump is coming. And although we are experience some nice pumps recently but I'm still doing a short trades for survival and damage control if the market suddenly dump hard but I expect that we will at pump so better prepare also a capital for long term hold to gain a profit if market will turns green and the past ATH will be reached.

Hopefully, it doesn't take too long to see the bear market will stay at the market, and after that, it will replace by the bull market. It seems, bitcoin price now is in the sideways mode because the price is not down or up too deep or too high, and we still the price are at the range of the price now. Maybe the price can jump to a high price or low price, but as long as we can use the moment to buy and sell, I am sure that we can make a profit. Yes, right now, the market turns green after the red candle came yesterday, and hopefully, the green candle will still be like that to help the bitcoin price break the high price.

The overall price sentiment of BTC/USD is too bullish for the bears to push it down, I agreed the that the market is in ranging mode in recent days I believed the price will settle well above the $17K speculated price-mark before the end of this year, if after the US election and in the aftermath in the breakthrough and discovery of the Covid-19 vaccine the the price can still above $15K, then the coast is very clear that the price will continue to ride upward, reaching $17K is very achievable provided that the market will not witness any negative and unusual fundamental news relating to bitcoin this year.
With reference to the 4 hour Timeframe of BTC/USD its very obvious that price had been forming an up trend higher

[n0ne]

As of now the market is quite stable to move within specific price point. This means it has been growing without much of downward movement. The price reached $15k very fast, but crossing $16000 is supposed to happen slowly. If I'm not wrong we can expect the market to touch $16k by the end of ongoing month. Soon after the same we'll be close to the end days of the year, during those days we can expect assured rise in the market price of every cryptocurrency.

[mickaelsilver10]

If we look at the longer term 17K seems to be only a first target.
If we stay very reasonable, I think we can reach a lot more if we know how to be patient.
Let's also be ready to see a dump of 20 to 30% on the road to the moon :-)

[farrellronald]

If we look at the longer term 17K seems to be only a first target.
If we stay very reasonable, I think we can reach a lot more if we know how to be patient.
Let's also be ready to see a dump of 20 to 30% on the road to the moon :-)

Nobody knows where the price of bitcoin is heading to for now, but it seems more bullish than ever before since 2018, with the way traders are trading future and margin, I think it is very possible. PayPal and other news related to banks wanting to be providing crypto services are parts of the reason for the increase.

As of now the market is quite stable to move within specific price point. This means it has been growing without much of downward movement. The price reached $15k very fast, but crossing $16000 is supposed to happen slowly. If I'm not wrong we can expect the market to touch $16k by the end of ongoing month. Soon after the same we'll be close to the end days of the year, during those days we can expect assured rise in the market price of every cryptocurrency.

The daily chart shows you have missed the train already but it is very likely that btc will be above 17k because it is very near target if I compare it with the support at @13700. All traders who are fomo'ing in this market shows that we are in for some huge price action and if a drop happens, it will be bigger than the pump. So they keep on buying and the whales too are eating up some high volume sell candles.

Let us see then if it rises or it crashes, though I am positive with the rise to continue and more stable it gets at current price better so that it can sustain the drop and not be a major one if correction had to happen or big investors sell before the new year. Let us hope it can cross 17k or be near that by year end.

A big drop may follow after bitcoin reach a new ATH, since bitcoin price increase gradually instead of instant hence the support levels are more robust than before.
At this point, short is riskier than long position because bitcoin shows the sign of uptrend pattern isn't over yet.
Bitcoin may stay in this sideways pattern for a week before starts to climb higher, just enjoy the current price while it lasts, buys it.

The daily chart shows you have missed the train already but it is very likely that btc will be above 17k because it is very near target if I compare it with the support at @13700. All traders who are fomo'ing in this market shows that we are in for some huge price action and if a drop happens, it will be bigger than the pump. So they keep on buying and the whales too are eating up some high volume sell candles.

Let us see then if it rises or it crashes, though I am positive with the rise to continue and more stable it gets at current price better so that it can sustain the drop and not be a major one if correction had to happen or big investors sell before the new year. Let us hope it can cross 17k or be near that by year end.

Bitcoin has risen its price from the start, which was $0.08 per coin until now which is $14912.
today, I was reading a post on CoinBazar724.com which was directed from cointelegraph.com saying that BTC may reach to even $17k!!!

Do you think this is possible?

It is possible in fact Bitcoin is now hovering around $15k and it is slowly increasing, if this continues we might saw Bitcoin touch $17 at the end of this year, perhaps this might occur in the last month.

since BTC is not remained too much, some people say it may even reach $100k!!
in this manner, do you think it is worth the risk to buy bitcoin? 

I just saw literally a thread that says it Bitcoin will pump touch $100k-$200 at the end of the month of the year 2021, he provided some evidence as well. Anyway, I also do hope that happens, it is a little bit exaggerated though coz I doubt Bitcoin will grow that big within a small timeframe but who knows Bitcoin was still hard to predict after all. As a matter of fact, we didn't expect that it will touch $20k are we?

There’s a possibility to hit that price before the year end because the up trend is still there and the correction is very normal, I’m confident that after this small correction bitcoin will continue its trend going up. Invest your free money on bitcoin instead of putting it into your bank accounts, in long term you’ll get more compare to those interest that you can get on the banks, Bitcoin will go up higher in the coming years.

Bitcoin is few step behind for that to happen, we're likely in correction so next 10-15% surge up successfully surpass the margin or even more. Bitcoin had touched $20k almost three years ago, and we're passing intriguing and insane time bitcoin could contact a level past our musings.

thank you all, this means a lot.
however the current prices have worried analysts about the future drops.

[farrellronald]

As of now the market is quite stable to move within specific price point. This means it has been growing without much of downward movement. The price reached $15k very fast, but crossing $16000 is supposed to happen slowly. If I'm not wrong we can expect the market to touch $16k by the end of ongoing month. Soon after the same we'll be close to the end days of the year, during those days we can expect assured rise in the market price of every cryptocurrency.

Hi n0ne
it seems like that analysts are worried about the drop. one of them said that we must hold the bitcoin in $14,900.
what do you think about that?

[farrellronald]

The daily chart shows you have missed the train already but it is very likely that btc will be above 17k because it is very near target if I compare it with the support at @13700. All traders who are fomo'ing in this market shows that we are in for some huge price action and if a drop happens, it will be bigger than the pump. So they keep on buying and the whales too are eating up some high volume sell candles.

Hi 2double0
thanks for your professional answer. I too belive that the fall will eventually happen

[farrellronald]

There’s a possibility to hit that price before the year end because the up trend is still there and the correction is very normal, I’m confident that after this small correction bitcoin will continue its trend going up. Invest your free money on bitcoin instead of putting it into your bank accounts, in long term you’ll get more compare to those interest that you can get on the banks, Bitcoin will go up higher in the coming years.

thanks for your rexponse
it is definitely better than the bank in long-term but in the short term, nothing is clear

[Inkdatar]

If we look at the longer term 17K seems to be only a first target.
If we stay very reasonable, I think we can reach a lot more if we know how to be patient.
Let's also be ready to see a dump of 20 to 30% on the road to the moon :-)

This price $17k is very possible to me in my opinion, look at the current price today btc cross above $15k. Even though the market is unpredictable we can observe the trend lately is stronger. Well if there's a dump a little percent it may bounce. A lot of predictions on btc if not hit by end of this year, we can see it to the moon the following year.

[Dorodha]

The price of Bitcoin will reach K17 as the demand increases the price of Bitcoin is increasing and the market is having a positive impact. Hopefully it will be worth it and there is a possibility of further price increase towards the end of this year. So now is a good time to invest in Bitcoin many countries around the world have taken precautions against trading in currencies such as Bitcoin, the use of cryptocurrency is very risky as its price has skyrocketed which has helped many countries to improve.

[farrellronald]

Yes, it might be possible. The price keeps resisting recently, and now the current price is $15k which is closer to $17k. It's early November and there is plenty of time for bitcoin to resist until new ATH met this year 2020. However, the current is very unstable due to volatility but it doesn't matter as long as the momentum of increasing is still there.

$17k is possible next few weeks since bitcoin has already resisted the $16k recently.

I remember a thread about this, last 2 months ago where BTC can possibly reach $17k or fell down to $9k.—Bitcoin can fall up to $9k or rise up to $17k - which one will happen.

Hi my friend
it is possible that it reaches $17k before 2021 however nothing is for certain. we need to wait and see what happens

[hotpassion]

On Dec 27, 2015, the price was trading at $460. Relative to the 2013 correction, this is the day which corresponds with the price at the end of 2019. Therefore, we use the price on Dec 27, 2015 to make a prediction about the price at the end of 2020.

The price on Dec 27, 2016 was $960. This represents a 15% loss from the high of $1171.

Applying the same rate of loss to the $19891 high, we get prices around $17,000 for the end of 2020. A more specific range would isolate prices to likely between $16,500 and $17,500.

[tbterryboy]

Trend seems to be up again, I wasn't so sure about what is going to happen when the first dump happens and that became just a correction which is not a big deal because whenever bitcoin price surges like this, there is always a correction that comes along. Obviously speaking we are not going to see something that is this big for a long time but we could see something like a 10% increase to take us to $17k levels.

What I mean by we won't see something this big is the fact that in the past 2 months we have seen 50% increase, if we see another 50% increase in the next two months, that means we will be $22-23k range before 2020 ends and I do not think that will happen, it is not impossible but it looks unlikely that we will increase that much once again at this high price, but $17k is definitely possible.

[ajqjjj]

Bitcoin is a decentralized cryptocurrency so we expect more than 17k USD on before end of the year. The current growing is really unbelievable so all the investors are happy to buy and hold for further days. Majority of the peoples are waiting for 20k USD so we just wait and see the next peak in Bitcoin.

[wxxyrqa]

Since April, Bitcoin has been in an uptrend and if you look at the data from CoinMarketcap for the last month, Bitcoin has been in a very active phase since the beginning of October, which confirms the indicators for the last 7 days at the turn of 14% price growth. It is quite possible that by the end of the year Bitcoin will add another 10-14 percent.

[barbara44]

On Dec 27, 2015, the price was trading at $460. Relative to the 2013 correction, this is the day which corresponds with the price at the end of 2019. Therefore, we use the price on Dec 27, 2015 to make a prediction about the price at the end of 2020.

The price on Dec 27, 2016 was $960. This represents a 15% loss from the high of $1171.

Applying the same rate of loss to the $19891 high, we get prices around $17,000 for the end of 2020. A more specific range would isolate prices to likely between $16,500 and $17,500.

I definitely agree with this math. I agree that anywhere around 17k or so range would be definitely realistic for bitcoin this year. Definitely not something we would be shocked about neither because we are already at around 16k right now, and that means increasing about 1.5k and even less would be quite possible and also quite believable as well.

We just need to focus on bitcoin not dropping and we should stop all the "it will go down" talks if we see it anywhere, if we can stop that type of FUD spread, that means FOMO will continue for a while more and we can reach 17k before the year ends. Better yet, if we can end with 17k this year, that means we are going to end up with a lot more money later as well, we are probably going to see 25k+ by summer if we can manage to end the year at around 17k.

[bitbunnny]

Investing in bitcoin is never risky, currently $16,000, and it will increase from now to the end of the year. All predictions are very positive, bitcoin is indeed making new breakthroughs.

Investing in Bitcoin is never risky? You are probably completely new and inexperienced in crypto world. Investing is always risky, it only depends on your risk appetite and risk management abilities.
Anyway, coming back to the subject 17k price is possible, at the moment is slightly above 16k. However, corrections are possible and I think that price could approach to 17k this weekend but I don't expect to stay there, probably it might return to 15k again.

[milewilda]

Investing in bitcoin is never risky, currently $16,000, and it will increase from now to the end of the year. All predictions are very positive, bitcoin is indeed making new breakthroughs.

Never risky? Think again because even though you do see greens everywhere but doesnt mean that it wont have the tendency for some price crash.Actually im not really that too confident
because price can shoot up or dumped down in a particular time this is why its better to be wise on securing out your profits while you are still in green and making some accumulative
purchase until we do head up to the ATH.Its never been wrong to be bullish but getting too confident isnt really that right to be done.Always take some risk management from time
to time because you wouldnt know on what would happen next. Its nice to see that Bitcoin did really hit up 16k price once again but im expecting we would be playing around this level.