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Satya31

Will Bitcoin Cross $12000 in The Year 2020?

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On 5/2/2020 at 7:37 PM, Soaib khan said:

I don't think this is gonna happen I know that halving is in the month of May but in my opinion we have to wait 1-2 years to reach $12000 level because of coronavirus all the markets are down 

We might have a good chance during this summer and I think that all possibility are included for this year, along with reaching 20k once again. But, we have to see how the hashrate resolves, how miners will perform and be prepared for many events as well. 

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It is very possible to reach such or more price levels
Because Bitcoin is currently on an upward path and curve, and I think it will go up to achieve and break new price levels.

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This year is really important for bitcoin especially because of the halving event.. But about reaching 12,000$ .. This will happen but it would take a long time in my opinion.. Maybe we will see a rising in bitcoin's price in the end of this year.

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I agree with your expectation that the price of bitcoin will likely reach $ 12,000 or a little more at the end of the year 2020, knowing that bitcoin is witnessing many fluctuations in its price between high and low, we will wait and see

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I think Bitcoin has almost 98% chance to reach 12000$ and i moreover think that it can reach upto 14K-15K dollars in 2020.Because in this year bitcoin already crossed 10000$ couple of time.And though it was in a very bad condition for two months,everyone thinking that it will be a great year for BTC.

Edited by Jami273

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On 12/12/2019 at 5:58 PM, Satya31 said:

According to today's condition of market and the growth of volume of crypto I think there is a probability that bitcoin will cross $12000 in 2020 definitely. Also the bitcoin chart analysis gives a little bit hint of this. 

I also think that, mate. I believe that bitcoin will cross $12000 this year. It is because as of now, we are seeing it to grow and increase it's value so there's a big tendency that it will reach that amount before this year end. Let's just wait and see what will happen.

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With the look of things, i think bitcoin will be as high and more than $12000, the current price is almost at $10000, and also very possible that in the next three months after having that the price of bitcoin will increase. 

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On 01.05.2020 at 05:43, IamLeader12 said:

I think that Yes, it will not be difficult for bitcoin because one whale can easily raise the price of bitcoin to 15,000 dollars. 

I agree. In General, growth was predicted to be slow. As is happening now and the price of 10K has already been reached. It is possible that by the end of the year it will reach 14 K.

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On 6/7/2020 at 2:28 PM, Hatred said:

I also think that, mate. I believe that bitcoin will cross $12000 this year. It is because as of now, we are seeing it to grow and increase it's value so there's a big tendency that it will reach that amount before this year end. Let's just wait and see what will happen.

Well, that's true mate, we're seeing the price of bitcoin reaches the $10000 mark twice in this year and this might be reached the $12000  in this coming months so stay tuned.

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I think that the end of summer - mid-autumn can well show us the surge of strength in bitcoin. And of course, we will get a big increase in price, as well as promotion!

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Bitcoin is currently struggling in the market because it is fluctuating within the range of $9,000-$9,500 since the beginning halving event ends few months back but there are many speculations that bitcoin will boost in terms of market value some months after the halving event and for that i think we should be more patient because bitcoin can even go above $12,000 which was stated in this topic and it may probably hit $15,000 before the end of the year 2020.

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if we see the authentic background of Bitcoin we can get result that following very multi month Bitcoin will make its new unmatched High one more thing is that Bitcoin Halving is coming in a tough situation will augment so every one have 1 elective that they will buy bitcoin.Then cost up and up . 

ofcourse Bitcoin will make its new High and in 2020 will go around $30k to 40k .after december or in mid january it contacts the $15k .Bitcoin Halving push the Bitcoin cost.

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You may Didn't see the recent price of bitcoin.  Yeasterday btc price was 12k usd but unfortunately the price not stable anymore so it start to go down again.. If you think btc will cross Once more time in 2020 then you are pretty right.. Just wait and see btc price will inceace up again once more as famous trader said btc bull run started.. Also some expect btc go up 15k usd😪         

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Now this price has already been exceeded
Yes gentlemen it's Bitcoin the strongest cryptocurrency in existence

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On 12/12/2019 at 5:58 PM, Satya31 said:

According to today's condition of market and the growth of volume of crypto I think there is a probability that bitcoin will cross $12000 in 2020 definitely. Also the bitcoin chart analysis gives a little bit hint of this. 

I hope so, it will reach $12,000 if all the users do their responsibilities as a Bitcoin users and it can even reach a higher price. The price of one coin depends on the supply and demand and Supply and demand depends on users.

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Remember nobody can accurately predict how bitcoin will rise further. At this moment, the price of the bitcoin keep rising and there is a big possibility that within this month or next, it may hit above the $19,000 again. Everything can change in the future and now the market is very good, bitcoin just over $10,000 is tending to rise continuously.


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3 hours ago, Moneyguru said:

that is very healthy correction to 10.5k

It is how usually Bitcoin behaves, traders take profits and derivative exchange liquidate longs this way and profit. Bitcoin can't go up all the time. Although the higher it goes the better for everyone. Bitmex, Binance, every exchange has more to gain with a higher price. Although I would suggest not to gamble with leverage. This is for gambling traders.

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Based on my predictions may goes beyond that, considering the most prominent event that do follow after halving is gone which is bull run.

Now BTC is targeting $15'000 resistance in few months coming as of today it's traded $11' 600 above.

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44 minutes ago, Harryking said:

.but in 2020 its too much crasehed almost hit 5000$ due to many people face alot of loss.

In March price crashed way more than just $5000. The dip stopped at around $3700 and this because a few exchanges as Bitmex have certain mechanisms that freeze trading and if they didn't price would have gone even lower.

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It is clear now to everyone that many say in 2019 to prepare it at the end of this year for the rise in Bitcoin this year. And hopefully those predictions are correct

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Yes, bitcoin will cross $12,000 in this year without any problem. I just recommend that we should buy and hold bitcoins because it has the habit to grow higher at the end of every years.

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yes most expecting that it will since it already crossed 11,000$ and also many people say it will reach 15000$ before the end of the year , although recently it dropped a bit to 10000$ but this is normal in crypto market since a coin can't be stabele at an exact price all the time

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Already crossed the $12k level a couple of weeks ago and we can see that position very soon because bitcoin is pumping and if it cross the resistance $12k then we can see upto $15k this year. So, hope that we can see that price very soon.


 

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I really hope so, because today there is every reason to believe that prices will continue to rise. But as usual, this is only my analysis of the market, based on a basic approach and taking into account the news background.

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In addition, on Friday, May 3, we traditionally await another batch of very important statistics from the American labor market, including the unemployment rate and the number of new jobs created outside the agricultural sector (NFP), as well as revised data on business activity (PMI) in the US services sector.   GBP/USD: US PCE Hindered the Strengthening of the Pound   The preliminary statistics on business activity in the United Kingdom released on Tuesday, April 23, were mixed. The PMI in the manufacturing sector of the country crossed from above to below the growth/fall boundary, and with a forecast and previous value of 50.3 points, it actually fell to 48.7. In the UK services sector, on the other hand, there was growth in April – the indicator rose from 53.1 to 54.9 (market expectations 53.0). As a result, the Composite PMI reached 54.0 (52.8 a month earlier). However, all these figures did not attract much attention from investors.   On April 22, GBP/USD fell to 1.2300. The bulls on the pair took advantage of the dollar's overbought condition to return it to the lower boundary of the medium-term corridor of 1.2500-1.2800 in which it had been moving since the end of November last year. However, they did not have enough strength to consolidate within the corridor. The two-week maximum was recorded at 1.2540, after which, pushed by US PCE, the pair went down again and ended the five-day period at 1.2492.   According to specialists from United Overseas Bank, as long as the support at 1.2420 is not broken, there is still a possibility of the pound breaking through the 1.2530 mark. The next resistance, according to them, is at 1.2580. The median forecast of analysts regarding the behaviour of GBP/USD in the near future looks maximally uncertain: 20% voted for the movement of the pair to the south, the same amount – to the north, and the majority (60%) simply shrugged their shoulders. As for technical analysis, the trend indicators on D1 point south 65% and 35% look north. Among the oscillators, the picture is mixed: 25% recommend selling, 25% – buying, and 50% are in the neutral zone. In case of further decline of the pair, it will encounter support levels and zones at 1.2450, 1.2400-1.2420, 1.2300-1.2330, 1.2185-1.2210, 1.2110, 1.2035-1.2070, 1.1960, and 1.1840. In case of growth, the pair will encounter resistance at levels 1.2530-1.2540, 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, 1.2885-1.2900.   No significant statistics on the state of the UK economy are planned for the week.   USD/JPY: Reached the Moon, Next Target – Mars?     We called the previous review "Higher and Higher". Now, it is worth asking at what altitude will this flight into space end? When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy?   At the meeting on April 26, the members of the Japanese Central Bank unanimously decided to keep the key interest rate at the previous level of 0.0-0.1%. Moreover, the regulator removed from the statement the reference that it is currently buying JGB bonds for about 6 trillion yen per month. The statement after the meeting states that "the prospects for the development of the economy and prices in Japan are extremely uncertain," "if inflation rises, the Bank of Japan will likely change the degree of easing of monetary policy," however, "it is expected that the eased monetary policy will be maintained for some time."   The market predictably reacted to such decisions of the Japanese Central Bank with another Japanese candle on the chart of the USD/JPY pair. The maximum was recorded at 158.35, which corresponds to the peak values of 1990. There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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