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Author Topic: who believes that the price of BTC high next month?  (Read 714 times)
Power Man (OP)
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November 23, 2020, 06:48:01 AM
Last edit: November 23, 2020, 01:47:28 PM by Power Man
 #1

Will the bitcoin really go up to  25,000 dollars next month? As far as I've read and know the Btc information. As far as i'm I think the Bitcoin price will go up to  22,000$. what is your opinion?
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November 23, 2020, 06:53:22 AM
Merited by BlackHatCoiner (1)
 #2

As far as I've read and know the Btc information.I'm sure the Bitcoin price will go up to  22,000$

Can you share with us what you've read and what you know that makes you really really certain that bitcoin will reach $22k next month? Because as far as I know(you can correct me if I'm wrong though), no one can predict the markets, unless you have a magic crystal ball.

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November 23, 2020, 07:13:08 AM
 #3

If we will be based on the previous all-time high, it is December too when we reached our previous all-time-high, it's on December 16, 2017.
We can use the previous all-time-high date to speculate the next one.
But for me, it's really doesn't matter when we will see another all-time-high of Bitcoin, I am for the long term on Bitcoin so I'm happy if we get a new all-time-high in a near future. Not reaching the previous all-time-high may become a good event or those people who still want to buy cheaper Bitcoins.

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November 23, 2020, 07:19:58 AM
 #4

since you claim to be new i have to say that you will soon learn that a lot of things you read from people who are "predicting" bitcoin price is pure nonsense. majority of them, specially in prediction groups (usually referred to as trading groups or signal groups) are just trying to fool other people by making random guesses that are their wish rather than speculation.

the fact is that at certain points like now it is not possible to predict what the price is going to be in short term. we can say with more certainty that price will surpass $22k eventually in the near future but to say it will be next month is just nonsense.

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November 23, 2020, 07:24:52 AM
 #5

See , the next month is the holiday season and therefore people will encash out which would mean that the demand will be less. We would see a little decrease in the price according to me.

There has been a slight graph where the price hikes up around october-november and in December it goes a little down. Whereas in January it starts assembling the pieces.

But at the same time this is what I believe. The price is something unpredictable therefore we cannot put a tag on it. It might go up or it might not, no one can tell you anything and be sure of it. Therefore don't think much , if the price is low : it's an excellent buying opportunity, if the price is high you can get profit by holding/trading.

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November 23, 2020, 08:16:21 AM
Last edit: November 23, 2020, 12:33:56 PM by Cryptodaddy05
Merited by Mpamaegbu (2)
 #6

Bitcoin has had a parabolic rise since September with few corrections, and I imagine many BTC holders who sold around 17K hoping to buy back in around 13K are nervous watching BTC consolidating around 18.5K. We have started to see company buying of BTC like with Michael Saylor of MicroStrategy who has been all over the Internet explaining his $425M buy of BTC in logical and persuasive fashion, and Stanley Drukenmiller’s statement last week on CNBC that he finally owns some BTC as well as gold as a hedge against the US dollar along with the list of Billionaires that are bullish on and own BTC will likely create a type of Institutional/Company/rich individual FOMO into BTC - which is becoming scarcer with the negative inflow of BTC into centralised exchanges where the USD/BTC price is determined, although the big company/institutional/rich individual buying is mainly done off-market OTC! This all strongly suggests a tidal wave of big money is coming for BTC once regulatory and Company Board and rich money investment is in place, and we may well see Plan B’s Stock to Flow model of BTC predicting a price of ~$50K for BTC at end 2020 heading to a price of $100K in 2021 after that third halving in May 2020 come true - like my own exponential chart model of BTC’s price I published here in 2018 that showed the 24 month up and 24 month down pattern that BTC has followed since 2012 and that predicted an end 2020 price of about $40K and an end 2021 price of about $200K or ~ 12x the price we have now! So while many technical indicators point to a sharp correction soon to about $13K allowing a good buy into the bull market after the third halving with the institutional/company/rich money coming in strong and then the retail FOMO once BTC cracks ~$25K that takes us to the next likely BTC high of $100-200K in 2021, I wouldn’t hold my breath that BTC will see a price again under 17K - and I am 50% invested at the $18.5K awaiting that likely correction to ~$13.5K to go all in again and my advice is don’t wait fully in cash on the sidelines waiting for a big correction that may not come atm and may in fact happen from say $30K to $20K in Dec 2020 or early 2021 - cause if you miss a 10x increase in BTC price over the next 12 months from the current $18.5K you’d certainly be kicking yourself for selling at the current price or staying out of the market now waiting for a lower price! So this is not investment advice of course, but it’s uncanny how BTC is following the exponential models of Plan B and myself from 2018 and it’s on the pathway we both projected forward for it then $100-200K for the increasingly scarce BTC that will be for sale next year - interesting! https://i.imgur.com/53fIc6X.jpg

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November 23, 2020, 08:17:50 AM
 #7

Will the bitcoin really go up to  25,000 dollars next month?As far as I've read and know the Btc information.I'm sure the Bitcoin price will go up to  22,000$
Why need next month when Bitcoin can make it this November?we  still have more than 1 week for this 11th month so many things will happen.

Imagine that Bitcoin climbs that more than 2k pump in just a day so it is not impossible that we can hit it more this time.

but 25k maybe by the end of December likely to happen.









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November 23, 2020, 08:27:11 AM
Merited by Ryker1 (1)
 #8

Will the bitcoin really go up to  25,000 dollars next month?As far as I've read and know the Btc information.I'm sure the Bitcoin price will go up to  22,000$
That seems interesting to read then, can we have the link? Or any information/analysis?

Try to look at this trend,



That chart shows declines after hitting its peak. If we closely look into that, the declines started during the holiday season/mid-December. That would be possibly the same scenario we might see this year. I'd never had to expect people will keep holding their Bitcoins but rather to think that selling is often to happen.

R


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November 23, 2020, 08:27:41 AM
 #9

Ps: the Bitcoin Rainbow Exponetial chart is also somewhat compelling suggesting BYC is still “cheap” and may well increase to a ‘fiat’ value of $50-$100K in 2021! https://www.blockchaincenter.net/bitcoin-rainbow-chart/

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November 23, 2020, 08:41:52 AM
 #10

Will the bitcoin really go up to  25,000 dollars next month?As far as I've read and know the Btc information.I'm sure the Bitcoin price will go up to  22,000$
That seems interesting to read then, can we have the link? Or any information/analysis?

Try to look at this trend,



That chart shows declines after hitting its peak. If we closely look into that, the declines started during the holiday season/mid-December. That would be possibly the same scenario we might see this year. I'd never had to expect people will keep holding their Bitcoins but rather to think that selling is often to happen.

Yeah I think BTC will remain volatile and tied somewhat to what is happening in the Government/Central Bank world with QE and fiscal stimulus and shocks like the virus and other things affecting the US dollar and stocks and gold etc! But there is no doubt that there is a tidal wave of money being prepared to come into crypto and mainly BTC in the next 12 months and ‘my’ exponential chart that I’ve linked to suggests amp other things being equal that BTC will be at ~ $40K (2x) end 2020 and ~$200K (12x) end 2021 and $75K (5x) end 2022 and ~ 50K (3x) end 2023 before the next bull run to ~ 200K (12x) again end 2024 and then the big one of ~ $1Mil per BTC (60x) end 2025! But it’s important to remember that projections from past performance are meant to be indicative only of what might happen and are not meant to be guarantees of what will happen! Bit I’m 50% in and will be 100% in under 20K so that I don’t miss the likely bull run coming to $100-200K!

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November 23, 2020, 08:51:36 AM
 #11

Based on your profile, it seems like you are new, can you please share the link or the article or anything that makes you believe that bitcoin could reach that value for the next month. The value of the bitcoin or any cryptocurrency is unpredictable even though we are looking for pumping of the value of the cryptocurrency, we cant still say that it could happen certainly. Even though we see the increment of the value of the bitcoin because of the post halving effect there are still some things that could happen.

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November 23, 2020, 09:28:23 AM
 #12

What's with the firm belief that bitcoin will reach $22,000 next month? I'm also a believer in a higher price for bitcoin but I don't have anything to say when it shall come. I don't want to give others some insubstantial opinion coming from me. I'm not against you, honestly, I'm with you for predicting high prices that are near to reality. But it's misleading newbies if they read something like this. They could hope on it and invest based on those words without researching and understanding volatility and that nobody can really know the future price of bitcoin.

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November 23, 2020, 11:20:16 AM
 #13

Yes, I believe that bitcoin will cross 20k within very short time. Hopefully, it will happen very soon as I think. Nobody actually predicts the proper price of bitcoin.


Maybe YES, maybe NOT. We live that kind of presumptions and mostly have different opinions in regards to the current market position.
But OP has been so optimistic and that he is sure about it. Well, I'm not sure about the said article and analysis he has said but it gonna be a big difference in the actual scenario since the crypto market itself remains unpredictable no matter how an influential person says that.

I'd never close that door and think no bug jumps happening next month but as what I've observed in the previous years, declines are inevitable to see.

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November 23, 2020, 11:35:53 AM
 #14

It might reach 20k soon but no one can surely say whether it will or not , predicting bitcoins is very hard.And if it hits 20k I do think people cant resist selling so mostly likely it will come back to 18k 19k range and also holiday season is coming soon where people sell.
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November 23, 2020, 11:42:04 AM
 #15

As far as I've read and know the Btc information.I'm sure the Bitcoin price will go up to  22,000$

Can you share with us what you've read and what you know that makes you really really certain that bitcoin will reach $22k next month? Because as far as I know(you can correct me if I'm wrong though), no one can predict the markets, unless you have a magic crystal ball.
Well, that's indeed true. There's no consistency in this industry regarding the market value of not only Bitcoin but to all cryptos. There will be basis spreading online such as previous market stats and data, but the fact that there is inconsistencies and nature of volatility, I think analysis and speculations won't really work to determine the market price of cryptos. It is waiting and seeing what will happen to its value, an investor could do as well as selling to investor's selling and investing point.

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November 23, 2020, 11:46:01 AM
 #16

I am very confident that the Bitcoin price will rise next month. And this is definitely the hope of many people in cryptocurrencies. Currently Bitcoin price is up to $ 18k and I think it could cost $ 20k next month.

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November 23, 2020, 11:59:18 AM
 #17

Yes, bitcoin ATH on 2017 was only 20K$. Common we are already in 2020 so we can expect that the bullrun or the ATH to be recorded will be more than that. 25K$ is ideal but I think getting more than like 30K$ is more wonderful if it will going to happen. We know that bitcoin market could make it possible and this will happen depending on the people that will going to buy more bitcoins and then make a good rally for bitcoin market price.
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November 23, 2020, 12:02:05 PM
 #18

Usually the price of BTC go up in the month of December because of the festival season many of the investors use to buy crypto currency and I believe it will do the same this year as well, the price is already over the moon and I hope it will continue the momentum also those who are planning to sell don't be greedy you deserve it for what you have. Just wait for your turn and have patience.









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November 23, 2020, 12:21:09 PM
 #19

Yes, I do believes that the price of BTC will go high because of the Public holiday. A lot of transactions will take place by next month.

Now bitcoin price is exactly $18 so am expecting the price to go high by next month due to above reasons.
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November 23, 2020, 12:44:19 PM
 #20

We will see the result next month if the price of bitcoin bulls but I believe the price of bitcoin will increase because if you look at the price of bitcoin last year this is almost what happened to the price of bitcoin I am not very good at reading the bitcoin graph because I am not a trader but I am sure by the end of 2021 the price of bitcoin will be bullran this is just my opinion because I read on the website news.bitcoin.com that "Citibank Group's Global head of Citifxtechnicals product" and this the opinion of Tom Fitzpatrick he expects to see the price of bitcoin peaking at $ 318,000 by end of 2021.

For more details this is the link https://news.bitcoin.com/citibank-executive-says-bitcoin-will-trade-at-318000-by-end-of-2021/

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