Bitcoin is at a "key point"

[Guru2050 8284]

Bitcoin remains the best coin, the top leading and most valuable coin in Crypto community, this is due to its unique feature of high volatility. Currently BTC is pumping up to hits a high value giving chance to holders to dumb and make profits. This is the period of bullish market that many investor's, other Crypto users have since be waiting for to show face, we hope for BTC to keep rising even beyond the predicted price of $20'000 dollars.

[Sarahden111 1231]

Bitcoin is an indicator of the cryptocurrency market of rising and falling As is the Dow Jones for the forex market and the gold for the stock market Consequently, the Bitcoin movement moves the entire market with it, and to rise, it first needs a large acquisition of liquidity and secondly, it needs to pump large liquidity to support its rise.

[BrolySSJ 7899]

Bitcoin has surpassed the mark that you have mentioned in your topic and has even gone much further to break several resistance levels after that as well which is what has lead to its high price now. There are many analysts that are also predicting that this in fact could be just the start and that there may be many more increases in the price in the coming months. Therefore it seems that the currency is doing exceptionally well lately. 

[Moaz 7239]

Bitcoin has risen dramatically in the recent period and has reached $ 12,000, and there are those who expect that the price of bitcoin at the end of this year will reach $ 20,000 and perhaps more, but its price may decrease at any time depending on the supply and demand for bitcoin in the crypto market.

[TimopheyKa 3900]

Yes, we can count on a pleasant rise of our favorite cryptocurrency without any problems. And as we can see, summer is a great indicator of a high price, because this way we can increase our money. In fact, this is the time when bulls come out of hibernation, and bears, on the contrary, go to bed!

[Alex9876r 1408]

Of course, as gold is an indicator for the stock market and as the Dow Jones is an index for the fiat market Bitcoin is the main indicator of the crypto market and the market trend of a rise or a decrease is preceded by Bitcoin's movement in that direction.

[muniral4422 185]

On 4/6/2020 at 3:20 PM, malik6314193 said:

Yup and i think it is now out of dangerous area of 6000$ or below. Now it is trading at 7200$ and it will circulate between 7k to 8k in this week and will go up after two weeks. 

It seems as if Bitcoin has been going up ever since. All markets were affected in March including cryptocurrency but it seems the pandemic opened up more markets for crypto. We are still anticipating for the price to get to $20000 before the year ends.

[P A Ashif 2409]

Definitely that uptrend in March-April made the Bitcoin value go up the $8000 mark. AMD now the price is nearly $10000.  And now I expect again a downtrend. But the thing is if there is a vaccine in next 2-3 months and if the pandemic retards, then definitely it will boost the market. And we expect the price high. There is great affect in crypto market if the pandemic is won.

Edited September 26, 2020 by P A Ashif

[Maaz sultan 265]

I hope that the price of bitcoin go higher then 12k usd but if you have patience to wait for getting lower the price and then hold for making a high profit So but at low and forget about selling .

[khan22 3478]

On 4/6/2020 at 5:36 PM, Wilmer Garcia said:

Bitcoin bulls need to push over $6,900 and flip the $7,200 as a support to avoid a review of recent lows below $6,000

Soon the Bitcoin will make a great bull in the market and that time i know that market touch the sky and we make good profit at that time and just the coins holders and i hold some good amount of coins in the wallet and i just wait for the good time when the bull is come and i sell my all coins in the profit at that time.

[Shaza Ahmad 1682]

Support and resistance, two basic concepts in analyzing Bitcoin and almost all markets, when bulls break one of the resistances, the market activates and enters into a state of greed and the quantities of purchase increase, and vice versa when the support is broken, the market enters into a state of panic and begins selling big bags. .