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Re: I'm officially sick of the bitcoin price right now...
by
ArnoldChippy
on 30/01/2018, 19:30:48 UTC
Quote from: nl247 on January 30, 2018, 04:15:49 PM
Quote from: Tak2020 on January 30, 2018, 03:04:32 PM
Quote from: Gameroid on January 26, 2018, 11:51:07 PM
Quote from: eann014 on January 26, 2018, 04:09:05 PM
Quote from: superlative on January 16, 2018, 12:38:55 AM
.. so I've been watching and reading about btc technical analysis almost daily now, and I'm kind of sick of being in this current triangle.  I've only been in btc since September so I really don't have that much history, but for those who have been in btc much longer - how much longer do you think it will take before btc goes back on the upward trend again?  It just seems like a really long sideways movement.

On Dec 17th, it reached its high of $20k, and it has taken almost a month and we're still below those numbers.  What is your estimate for when we can be above $20k again and onward to what people predict for this year ($50k-$100k)?  Another month?  March?

I know nobody knows for sure, but just looking to hear about what people's gut feel is (and only from those who have btc experience over a year please).

Thanks.
I am still hoping bitcoin will increase its price again this year for about $20k, but don't expect too much. Expecting too much can hurt you in the end. Just stay focus in the average price of $20k ATH's before expecting more than that. No one knows when it will rise again hopefully by February or March.
20k is expecting in next few months, while at the end of 2018 i can expect that bitcoin price will be trading above 40k may be much more from that price. In fact still people are too much interested in bitcoin and therefore they are holding their bitcoins and trying their best not to sell it. Only those people who get panic because of having low price of bitcoin are selling their bitcoin while the experienced investors will always try to hold and not to sell in panic situation.
lol only in your dreams
Grin We really cannot say in his dreams yet. No one can say exactly what can happen, but presently, the bullish momentum is low and it does not even seem to look like we are ready for any bull run, but comparing with the same incident last year, anything can still happen.

I am still of the opinion though that we may just end up swinging between $10k to $12k for a while, with the hope that some institutions will not want bitcoin to go as low as $8k as that would make bitcoin to be perceived as being extremely weak. However $40k is too much to hope for right now when we have not even passed the present hurdle. Like you said, anyone who understands the importance of holding, will not even bother a bit about what is going on right now.
Mature investors still do not feel any stress and they are too much confident about bitcoin price, although currently bitcoin price is trading in a low price, but i think that if they will continue holding bitcoin very soon they will see 20000$ very soon.  Bitcoin price will surely reach to 40K but will take some more time, because we have to cross some more hurdle while reaching to a straight track.