Quote from: RealMalatesta on August 29, 2019, 05:42:07 PM

Quote from: Monfex on August 28, 2019, 08:14:31 AM

Quote from: Bagaji on August 22, 2019, 07:16:23 PM

Any time that bitcoin market price is declining the next this you should do is to buy at that cheaper price and hold till when the its price appreciate again and in doing that you will make profit and at the same time you will help the market bounce back to its fullest height.

Good point on the take profit at 12.5K. There is a lot of resistance at 13K, so it is a good idea to take profit before it hits it, but with the way the trend is going, if it reaches past 12K again in the near future, I think it will explode towards 15K.

The market value now of bitcoin has really been stagnant on this price for a while now, and I am sure that if we break $12k barrier now, $12.5k can never be the limit, I am very certain of that, I believe that from that $12k now, we will surely cross that $15k, just tat we may not really stay there for too long because f the bears we still have in the market and some investor that has a profit goal setting and has already set their goal on $15k,these people will want to dump their investment, making the price to crash back to low.

I just believe that before the year fully runs out, we should be able to see the value of bitcoin get that high before making for some further corrections that will take us over to the next year. As the rice as then declined now, the very best is to accumulate now.

Hi,
No one knows for sure, but, most probably, you are right! There are very strong indicators suggesting the Bitcoin price is set for a massive move, and may even potentially achieve new all-time highs by the end of 2019!
The price youve indicated - $12,500 - is certainly very important since its a significant short-term resistance level, which, when broken, will result in a massive move upwards.
Currently, the price has formed a triangle chart pattern and is moving sideways. We should wait for either a breakout above the $12,500 or below the $9,000, to be able to make a substantiated trading decision.
I believe that the probability of a breakout above the $12,500 resistance is much higher, and Im anticipating a new rally upwards.