Thoughts on Bitcoin hitting $300k? Bolinger Bands Setup

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node_2014Member
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#1Apr 15, 2018, 07:55 AM
So I just came across this article on Binance.com saying the price chart is showing a super strong signal that could push Bitcoin up to $300k. Apparently, the Bolinger Bands are going into some historic contraction right now. The article claims this pattern suggests Bitcoin could soar to $300k in the last quarter of 2025. It also mentions that this pattern is backed by macro trends and institutional support, which could make this surge in the final quarter a real possibility. If you want the details, check out the article: Bitcoin News: Bitcoin Bollinger Bands Signal “Most Extreme Setup,” Eyeing $300K BTC. Honestly, I kinda buy into this prediction since we’ve seen Bitcoin spike in the last quarter of its bullish years and hit new all-time highs. Do you guys think the article's speculation is on point?
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wagmiMember
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#2Apr 15, 2018, 11:52 AM
I wouldnt put too much faint into this because there isn't enough sample points. This is no different than that stock to flow or that 200 WMA indicator. The 200 WMA worked like 3 times from like 2015 or so, and in 2022 it failed to work and priced ended up closing below it, eventually it rallied away from that area but it was a big drop. And its the same with this indicator. It might work but there is a chance it will repaint pretty much and unless you are looking at it in hindsight it wont show a plain picture of where bitcoin can top. I wouldnt put too much trust into indicators such as those.
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kevintokenFull Member
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#3Apr 15, 2018, 01:55 PM
Bitcoin will go to $300000 one day but this can not happen within just a short time or in a simple way that most people are interpreting the news. I expected bitcoin to fall first and bear market will come first. Bitcoin should be able to get to $300000 in some years from now, but not what that will happen this year or next year.
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0xSatMember
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#4Apr 16, 2018, 05:58 AM
If only the market goes that, it is admirable and if as such, I think I will be anticipating higher than the $300,000 if that be how bitcoin price can be determined. Yeah no wonder some are speculating $1,000,000 already. Well, I have been so much optimistic right when bitcoin soar to $124,000 previously and the Dip was really not a threat to me because I knew the edge of the markets volatility was going to sit on a dump position to gather momentums that will break new price records before the year
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#5Apr 16, 2018, 07:01 AM
I'm not sure Bitcoin will reach $300,000 in the last quarter of 2025 because there are no signs of that happening at the moment—it would require a massive rally leading up to Q4. You may believe this speculation because of some monthly chart support shown in the article, but for us, it's not realistic enough for now, given the tight timeframe. This is just speculation you may choose to believe it. Personally, I believe Bitcoin will reach $300,000 someday, but not now—perhaps in the next cycle.
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swiftguruMember
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#6Apr 16, 2018, 10:54 AM
I don’t think Bitcoin will go as high as $300,000 this year. I’m very doubtful it can even hit $200,000 this year. The performance in 2025 has been lacklustre compared to previous major bull years like 2013, 2017 & 2021. I do think the top is not here yet though & 175k or something close is possible.
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#7Apr 16, 2018, 01:19 PM
To be fair, every speculation make sense, until it get's invalidated in the next movement by the price. So here, if we talk about $300k for the current cycle, everyone should say No because we have short time frame already to work on. Again, we can compare to last cycle's supposedly "perfect" prediction model of S2F wherein it is said that the price is going to reach $100k and almost all of us supported it. But what happened next? that modelling structure failed us all. Which means that this kind of prediction might not happen this cycle but for the next one.
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1m_pr0toMember
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#8Apr 16, 2018, 04:58 PM
Given the rate at which it has increased in recent years, it's definitely something that could happen. With the country's current intention, it's not that far off. I hope that many people will support their country's agenda for establishing its own reserve and ensuring that it divests its assets.
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#9Apr 16, 2018, 06:33 PM
If we are talking about bitcoin's own growth, not the overall market growth. I don't think bitcoin's performance is dismal or underperforming this cycle. On the contrary, bitcoin's performance has been very good and is not inferior to previous cycles. I know you are referring to profits and think it is lacklustre because it cannot deliver big profits like previous cycles. But that's not true, because Bitcoin is no longer a purely speculative asset and its market capitalization is no longer just a few hundred billion dollars. Bitcoin is now a mainstream asset with a market capitalization of over $2 trillion. Therefore, we cannot expect bitcoin to grow exponentially and give us huge profits like before. Bitcoin has grown from $1 trillion to $2.4 trillion in just 4 years and that's a huge success.
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#10Apr 16, 2018, 07:09 PM
Having been in this field for some time, I have seen exaggerated predictions, but I believe that the person who made this one must have been smoking some pretty strong stuff, no matter how much they dress it up as science with their model. I share the general feeling; I don't think we'll reach $300K this year, given the price as it stands at this point. If we do, great, I'll celebrate, but if the prediction doesn't come true, it will be a failed prediction like the many others that create hype for a while until they fail.
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chris2011Member
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#11Apr 17, 2018, 12:36 AM
A prediction like this main goal is more on conditioning for much bigger price target to encourage user to don’t be scared on buying more. Technical analysis is a self fulfilling prophecy depending to the holder if they will follow it or not but we already witnessed that an exaggerated prediction like already came through when Bitcoin hit 100K. The BB timeframe shown in chart is yearly time frame so this will surely took lots of years to fulfill that price prediction.
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viper_gasMember
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#12Apr 19, 2018, 12:30 PM
Some persons/traders are quite good creating unnecessary tensions to those believing in this analysis. I no longer think $200K is possible for this year, how then are we supposed to produce $300K in this little interval, the market is okay to speculate but just the way most persons overexaggerate is extremely exhausting to watch. To avoid any sort of FOMO, it is unlikely for Bitcoin to hit $300K, so to investors in the house, no pressure buying desperately, $300K is a long way.
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alex2018Member
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#13Apr 19, 2018, 02:09 PM
There is no opinion, besides you have to accept reality, maybe now a lot of speculation graphics about Bitcoin, we must understand, indeed Bitcoin is now the most foremost topic in the international media, It affects the developing state government to adopt large scale. For that, whatever speculation we see, for me remains in the establishment and confidence in ourselves, if it is true Bitcoin goes to the level of $ 300K, So what we are ready to do, is it adopted on a small scale or without doing anything, just talking.
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#14Apr 19, 2018, 07:10 PM
Based on the 4year cycle and the current market performance, it can be said that the bull run is not over yet. So, it is very likely that bitcoin will continue to rise and reach new ATH. Yes, there are many predictions that bitcoin will hit an ATH in the last quarter, but that doesn't mean it can hit $150k, $200k or $300k as you expect. It's all just a prediction and it may or may not happen. So far, the most realistic target is that bitcoin could hit $150k before the year ends. But given the current situation, I think many people will continue to lower their expectations, bitcoin is unlikely to reach $150k, let alone the possibility of reaching $300k in the remaining 4 months.
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MadBitMember
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#15Apr 19, 2018, 11:35 PM
There is a possibility that Bitcoin will reach $300k this last quarter, but I think it is slim.  I think the more realistic price is around $150k - $200k if ever Bitcoin has its last quarter rally, breaking ATH. Although 3 months for crypto is like an eternity but for government decisions about making a Bitcoin reserve, 3 months is too short.  So, unless there is really a massive participation of companies and institutions in accumulating Bitcoin, $300k  possibility is really too slim.
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eric404Member
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#16Apr 20, 2018, 02:05 AM
Honestly, every thread about Bitcoin price predictions sounds very interesting. Many people are interested in this discussion, especially regarding speculation about Bitcoin prices in the future, whether from a technical analysis perspective, such as Bollinger Bands, or a fundamental perspective. There is no denying that the price will reach $300k (for sure), but don't get your hopes up too high that it will happen in this cycle. Despite widespread speculation from holders, exchanges, and retailers themselves, i personally am very skeptical that this price will be reached in this cycle, let alone by the end of the year. Historically, it is true that Bitcoin often experiences rapid rallies with strong volume towards the end of a bullish cycle. However, we must also remember that the crypto market is heavily influenced by sentiment and unexpected events, so there is no guarantee that the price will surge to $300k, which is more than 100% of Bitcoin's all-time high (ATH). A price of $150k is still possible in this cycle.
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#17Apr 20, 2018, 10:10 AM
People actually need to understand the major use of some of these indicators some indicators cannot be used alone it is required to have other factors to add to your confluence. The Bolinger Band indicator is one indicator that focuses on volatility so when there is high volatility or low volatility in the market you will see the market predictions using this indicator changing, we all know how the volatility around bitcoin changes time to time which means this indicator alone isn’t suitable for long term market predictions. Or better still the indicator might actually predicts a certain price but it doesn’t ever tells one the exact timing or predicts the timing, it only gives indication base on the volatility at that particular time so this $300k is not impossible for a long term prediction but for the short term prediction of less than a year it’s definitely not realistic for now
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gas365Member
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#18Apr 20, 2018, 12:08 PM
Bollinger bands is a lagging indicator whose main focus is to show where price is. So its expansion or contraction is just direction but not what is going to happen actually because it may change direction also. Therefore, Bollinger bands require a combination of other indicators to show entry or exit. Meaning its expansion doesn't have to be immediately. Thus from the time frame on the chart which is 1 month, it can take more months to trigger off. So I don't really expect that $300k for this remaining months to happen, that is just speculation. Such price may be realistic with next halving circle.
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hodlgangMember
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#19Apr 20, 2018, 02:20 PM
We'll have to wait and see, that's what we can prefer to do than to argue if that will happen or not. The end of discussion will be there once this is already done and we've seen if it happened. But I know that someday we'd see $300k, maybe not for this end of year. And if it does, better. The expectation isn't that much for me to say to protect my emotion as well when we see high predictions when we're in a bull run. So, do not expect too much from the bull run for this year when in fact, it's already done a lot for us.
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shrimpFull Member
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#20Apr 21, 2018, 05:17 AM
Yes, Bitcoin will reach $300,000, but it won't happen quickly, it will definitely take a long time. Those who think that Bitcoin will reach $300,000 this year, I think they are starting to rush the price of Bitcoin. Yes, according to your idea, it can happen, the price of Bitcoin can reach $300,000 in a few years, but there is a 100% chance that the price of Bitcoin will reach $300,000. Many influential and big investors are saying that Bitcoin will be $200,000 to $300,000 this year, but I hope that Bitcoin can reach a maximum of $150,000 to $170,000 this year.
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