Kate Posted July 3, 2019 #1 Posted July 3, 2019 It is a new month and the second day and investors are investing in bitcoin for most of them out there. So why not drop here the price you think that bitcoin will reach at the end of the month? And also your lowest and highest price you think bitcoin will go to ? For me the price at the end of the month would be 14000 usd and the lowest it would reach is 9000 usd and the highest it would go to is 17000 usd. So tell me about your thinking on how much the price would reach ?
Mateusz Posted July 3, 2019 #3 Posted July 3, 2019 It's random, too low marketcap to actually predict what can happen, any big whale can turn the price down/up if he wants. But maybe some big news will come and the stupid people will start buying and we will get the 15k$ this week
williamshennie9 Posted July 3, 2019 #4 Posted July 3, 2019 I think the price at the end of July will be around $9,000. We have seen a bit of resistance from whales pushing the price up, so the trend could reverse at any point. We'll just have to wait and see.
Hellman Posted July 3, 2019 #5 Posted July 3, 2019 Other factors When making a forecast of BTC price for 2020, you need to take into account a number of additional nuances: Psychology. In Bitcoin there is no security, which is why it is subject to the sentiments that go among the participants of the crypto sphere. The price of BTC can be influenced by statements of authoritative experts, opinions of representatives of the development team, hacks of crypto-currency exchanges and other factors. Speculations. Experienced market participants are well aware that Bitcoin is a speculative tool, the price of which depends on the behavior of major players. People with large capital may well influence the exchange rate by making large transactions to buy or sell cryptocurrencies. For example, with a sharp sale of a large number of BTC, the value of the coin will go down. As soon as it reaches the "bottom", the speculator buys a virtual coin in large volumes, which leads to an increase in the exchange rate price. Such actions are called pump and dump. Popularity. This aspect largely follows from the nuances that have been discussed above. The demand for BTC depends on the price, the attitude of the governments of large States, as well as the availability of outlets that accept the virtual coin. Reliability. Hacks of exchanges and cryptocurrency wallets have an impact on the cost. Such events reduce confidence in Bitcoin and "pressure" on the exchange rate. So, in March 2018, the temporary stop of the Binance exchange led to a drawdown of the BTC price. In early June of the same year, the exchange platform Coinrail suffered, from which the attackers "took" about 37 000 000$. If this trend continues in the future, it is difficult to talk about a positive trend in the value of Bitcoin. Thus, forecasting the BTC rate requires a comprehensive approach and detailed analysis of each component.
DreamStage Posted July 3, 2019 #6 Posted July 3, 2019 This topic will certainly be moved to price discussion where it belongs.... As for my speculative prediction i do believe it will go back to $13.000 mark from the investors perspectives as well new buyers. I think the drop was due to people panic selling thus taking their profits out from the market prices differences. Now price will keep rising due to the continuation of how good real life situations are as for the Libra speculative approach.
cointikka Posted July 3, 2019 #7 Posted July 3, 2019 6 hours ago, Kate said: It is a new month and the second day and investors are investing in bitcoin for most of them out there. So why not drop here the price you think that bitcoin will reach at the end of the month? And also your lowest and highest price you think bitcoin will go to ? For me the price at the end of the month would be 14000 usd and the lowest it would reach is 9000 usd and the highest it would go to is 17000 usd. So tell me about your thinking on how much the price would reach ? Absolutely correct. Bitcoin price should reach $14000 by next month, there is no doubt about it. Historically Bitcoin prices have always gone up starting third quarter, whereas it has always gone down beginning of the year. Still, it will be correct to say anything can happen. If the price dips, I think it will go down till $10000 first and if there is a lot of selling pressure then it might hit $8000. I personally do not think it will happen as their are a lot of positive news in the market.
cryptofly Posted July 3, 2019 #8 Posted July 3, 2019 New whales are showing, the fact that the Fed and Sec authorities are becoming more active in a positive way will attract new investors, this new investors are professional sharks and will do everything possible to manipulate the price for the to buy cheap. A roller coaster price will show again in the short time, so difficult to know what will the bottom be, and I think that price will go up to 12,500 or so by the end of month. The facebook coin (libra) is an important path to track in order to predict prices, I don´t know if there will be news about it during this month. Good luck.
bmg Posted July 15, 2019 #9 Posted July 15, 2019 wow just in the past 24 hours bitcoin has hit a low . From 12k back down to 9k ish. Hope to see that change before the end of the month I hope it goes back up.
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