Bitcoin

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vault_alphaHero Member
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#1Sep 9, 2020, 08:09 AM
Hey everyone, Bitcoin's been chilling in the 88k-90k range for a bit now. What do you all think about this flatlining? Is it the ETF selling off, the macro stuff going on, or maybe just a solid accumulation phase? Do you still believe we can hit 200k-250k this cycle, or is the story different now?
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w1z4rd100Senior Member
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#2Sep 9, 2020, 12:54 PM
I don't trust the cycle anymore. Now, it's already difficult to follow that, especially how Bitcoin reacts to the global market, like the stock market or even the trade wars between the United States and other countries; it's already huge. About the ETF selling pressure, this is temporary, and another basis or input about how the price reacts, but as I said, Bitcoin is already different now. The target is double of the current all-time high, so for me, if ever we reach that within this year 2026? It's kinda too fast, but still possible.
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stack_2017Senior Member
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#3Sep 9, 2020, 03:45 PM
I'd be surprised to see us go to the previous all time high again, let alone 200 or 250k. I think 126k was the TOP, and the cycle is over. We might see some movements in the near future, but nothing of major significance.
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gw3i1337Full Member
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#4Sep 11, 2020, 02:34 AM
No, I don't expect that much, I don't think Bitcoin will be that high in this cycle. I don't know if it will be like in the past? If it is like in the past, then there may be a market dumping this year. However, I think we may have to wait another cycle for Bitcoin to reach $200k or $250k. Actually, it is difficult to predict Bitcoin, so we cannot say exactly what will happen, anything can happen. However, I would expect to see a new ATH, but let's see if Bitcoin reaches $100k again.
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dave_byteFull Member
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#5Sep 11, 2020, 05:03 AM
In the short term, we might often see Bitcoin move like it is now, with price spikes and drops in a short period. The volume won't be large enough to push Bitcoin to a new ATH anytime soon.  This is indeed a new year with new hopes. But I also am not speculating too wildly to see Bitcoin reach $200k-$250k at the moment.
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yield_defiFull Member
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#6Sep 12, 2020, 03:59 AM
We can think of it as the latter. But as we approach the next event for another celebration which is the chinese new year, there can be a huge dump from that point. This cycle? no. But maybe for the next one which is after 3 years which is the usual 4-year cycle that we follow.
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block_2018Senior Member
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#7Sep 12, 2020, 09:00 AM
This is not realistic enough to see the price of bitcoin to $200K and $250K in this cycle, for me this will not happen, especially if you say in 2026 it at least needs a strong push to the market if you want bitcoin to increase more than 2x. Narratives will always exist both positive and negative because maybe you see how many figures continue to raise the narrative where bitcoin can go to $200K in 2026, although many are skeptical there are still some people who feel it will be possible.
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#8Sep 12, 2020, 02:24 PM
Watching the market cycle in this first week of January, am not seeing $200k or $250k soon this January. Is like the surprised moved of the Bitcoin make you focus on the cycle that it will enter another bull season. Just have it in mind that this is a sign of bear market that is about to flow in the market and it will take a long years before bull run will come up again.
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WildSageMember
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#9Sep 12, 2020, 03:25 PM
Wow, those are some big numbers. We'll have to wait several years for that price. Last year showed everyone that we shouldn't rely on four-year cycles anymore. Bitcoin will definitely go up, but you, OP, are setting your sights too high; lower your expectations by half to start with.
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s4t420Member
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#10Sep 12, 2020, 08:06 PM
This Bitcoin consolidation phase is where holders must have sold their assets after a sudden decline and buyers are still looking for a better position to go for a buy order. It's a preparation stage where a little uptrend would push more buyers and the market would see a little green until sellers take over the market. Bitcoin has become really unpredictable with its price movement as we don't know what it would be like in this cycle. They have being speculations about its price in the future but they are mere speculations not facts. We might not see $200k in this cycle from what the market's movement looks like but Bitcoin has always being known for surprises, so we can as well keep an open mind while we wait to see what it has in this cycle.
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guru365Full Member
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#11Sep 13, 2020, 02:00 AM
If we are talking about the current cycle, then I say no, Bitcoin has a very low chance to hit $200k-$250k because the market is about to enter the bearish phase.  I think we need to wait a halving or two to see Bitcoin hitting $200k. There is not much demand for Bitcoin to rally on such a huge price.  I believe if Bitcoin uptrend, it will be greatly contested at $150k thus limiting its upward price movement.
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ericminerSenior Member
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#12Sep 13, 2020, 04:13 AM
We might be in the bear market already, so we might see the price declining at the start of the year. And so if this happens, then there will be a huge selling pressure and even if there is ETF, I don't think that it can stop the market from entering a bearish season. No, I can't see the price moving on that direction. The four year cycle is still in effect so the narrative hasn't change. There are still this fundamentals that can't stop the market from entering the bearish trend regardless of who is the sitting US President or if there are a lot of entities in the market already.
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chris365Full Member
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#13Sep 13, 2020, 04:45 AM
The tip for this season has already being smashed, I don’t see bitcoin reaching that height again now maybe until when a new bull cycle is beginning. Bitcoin has fell below $100K for some months now and it has not being able to recover back and the market condition is not favorable for it to even want to do that. Maybe, just maybe in the next bull run we can talk about bitcoin reaching $200K and to see how far the price will come when the time reaches.
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paulyieldSenior Member
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#14Sep 13, 2020, 08:38 AM
Pretty healthy phase for this consolidation and on the way to form cup and handle to the nearest resistance. $200k is still a bit realistic but $250k is not realistic to me. The good news is the ETF inflow is looking better, we're seeing some green instead of full outflow unlike at the end of the year. Macro condition like the recent war doesn't seem to affect that much and narrative hasn't changed since most capital is on the gold right now.
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vault_alphaHero Member
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#15Sep 13, 2020, 10:29 AM
The important factors you should consider is that Bitcoin is dynamic and also follows it's tradition of the 4-year cycle. So, unless there's a deviation in at least the 4-hour cycle, we might probably be in the bearish phase, which might linger for at least the end of this year, as we experienced in the late 2022 and early 2022. My concern now is not even about ranging or the present situation, but about the opportunity that would follow. If Bitcoin eventually falls this phase and we see it around $50,000 or a bit lower at the end of 2026, it's the best time to buy it, and expect it to hit above $126,000.
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#16Sep 13, 2020, 12:51 PM
In the short term, Bitcoin's daily movement may often experience conditions like this, but we need to examine whether the increase is actually driven by strong momentum or is merely a consolidation that may not last and ultimately correct below that level. Ideally, I doubt the price will recover to its previous all-time high, especially considering the increase you've mentioned in the next few months. Bitcoin will need a strong push to reach its highest price and consolidation to break through that level is unlikely to happen anytime soon. This could be due to ETF selling pressure or macro conditions, but we can't be certain.
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max_lynxSenior Member
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#17Sep 13, 2020, 01:33 PM
we might really be on the bear cycle already but it’s hard to tell because the kind of bear cycle this is is different from the ones we’ve seen before and the floor of bitcoin is now higher we’re not gonna see the usual volatile bitcoin folks this is a new era
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#18Sep 13, 2020, 10:44 PM
Every investor will have their own expectations in this Bitcoin price situation. Smart investors continue to accumulate Bitcoin without expecting too much. This method of buying continuously during price fluctuations should be a long term psychological trend. If you know that Bitcoin last ATH was $126k and it is not unusual for it to drop to $90k from that price level and then experience another unexpected decline. Or if Bitcoin price is $150k in the first month of the year, it would still be expected. Avoid taking selling pressure because another ATH will be touched soon. It is not easy to be perfect in predicting the price. You should strive to build a decent Bitcoin holding based on expectations and the probability of achieving it.
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probablynoth1ngFull Member
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#19Sep 14, 2020, 03:33 AM
We are now in a new year, so this must be a start of a new season too but if only about the last season, then we already witnessed that Bitcoin didn't exceed $130k. For now, a lot of people are expecting for a bear season, or at least for Bitcoin only but they also hope that this year is now the season for the altcoins. I check the price now and I already see a green colour, which means that Bitcoin did actually recover some of what it had lost last time But a dip in the price can still be an opportunity for some people. Imagine if many people buys too? Then, that still can cause a surge. That being said, the talks like $200k for Bitcoin can still be valid in a bearish market.
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real_pixelSenior Member
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#20Sep 14, 2020, 05:28 AM
For this cycle, not anymore. I have been optimistic last year and thought that it would reach more milestone but this time, we have to cool down and just appreciate what happened and where it is right now. The narrative hasn't changed yet but, we'll see how the geopolitical issues will impact Bitcoin this time. It gets more exciting with how things are happening lately and so we have to see if there will be some effect on it. Otherwise, we'll just have to bear with the natural cycle of the market and accept it.
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