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Will bitcoin reach 15K before Sunday this week?
- Thread starter JohnLocke
- Start date
You need to differentiate between buying an actual Bitcoin and trading Bitcoin CFDs. When you trade Bitcoin CFDs you're not buying an actual Bitcoin.
Near term there are indications that it might retrace downwards after hitting 10500 or so level.
Near term there are indications that it might retrace downwards after hitting 10500 or so level.
AngeloBTC: Bitcoin (BTC) to Reach $ 16,000 in Four Months
Bitcoin, which attracted attention by passing 10 thousand dollars a few weeks ago, is struggling to stand above $ 9,000. This struggle continued on Friday as well. The leading cryptocurrency has closed the day with losses for the third time in a row.
Regardless, crypto whale AngeloBTC said that Bitcoin could rise to $ 16,000 and it would happen in four months.
Bitcoin (BTC) to Reach $ 16,000 in Four Months
AngeloBTC, a top trader on the BitMEX cryptocurrency exchange, predicted an uptrend for the Bitcoin price. In a tweet on May 21, AngeloBTC estimates that, based on graphic analysis, the price of bitcoin could reach $ 16,000 by October 2020.
To support the price forecast, AngeloBTC has released a chart showing that Bitcoin is currently in a triangle and that triangle will break into $ 16,000 over the next four months. However, the tarder did not explain the catalysts that would trigger this terrible rally. "The graphics never lie," said the whale. He made another tweet by throwing another tweet:
Imagine the half-life event in the best performing asset of the past decade. The Bitcoin half event will support the BTC bullish, and Bitcoin will reach $ 30,000 by 2021.
Bitcoin, which attracted attention by passing 10 thousand dollars a few weeks ago, is struggling to stand above $ 9,000. This struggle continued on Friday as well. The leading cryptocurrency has closed the day with losses for the third time in a row.
Regardless, crypto whale AngeloBTC said that Bitcoin could rise to $ 16,000 and it would happen in four months.
Bitcoin (BTC) to Reach $ 16,000 in Four Months
AngeloBTC, a top trader on the BitMEX cryptocurrency exchange, predicted an uptrend for the Bitcoin price. In a tweet on May 21, AngeloBTC estimates that, based on graphic analysis, the price of bitcoin could reach $ 16,000 by October 2020.
To support the price forecast, AngeloBTC has released a chart showing that Bitcoin is currently in a triangle and that triangle will break into $ 16,000 over the next four months. However, the tarder did not explain the catalysts that would trigger this terrible rally. "The graphics never lie," said the whale. He made another tweet by throwing another tweet:
Imagine the half-life event in the best performing asset of the past decade. The Bitcoin half event will support the BTC bullish, and Bitcoin will reach $ 30,000 by 2021.
No matter what they say or what anybody thinks crypto will be the future. and digital currency will replace fiat .but not so soon. clinging into anybody prediction that is not something we should do. if anybody wants to get into BTC they can and do study how to trade it.
If someone buys bitcoin as an asset play and make wealth decision based on its merit and think, sell it or again buy it in a short period of time, that's not a good investing decision. Instead, you buy it and forget about it.there is no stability on it. I mean how it can be? it's unbelievably volatile but at the same time, it's not correlated so that's a good point.
If someone buys bitcoin as an asset play and make wealth decision based on its merit and think, sell it or again buy it in a short period of time, that's not a good investing decision. Instead, you buy it and forget about it.there is no stability on it. I mean how it can be? it's unbelievably volatile but at the same time, it's not correlated so that's a good point.
Quite uncertain times (maybe this can help) there are many small investors (newbies), searching a Jackpot, following the media noise and gurus thoughts, more gambling or hoping than reality, the system is not ready yet.
If you made money on crypto (trading) not dirty money, doesn't matter, once you try cash out you are more likely a gangster than a entrepreneur, on the eyes of governments, banks,....
On the next weeks must be alert with the gun ready to shot, because I think if moves Up or Down, will be faster than ever, and I think its going to be a huge shakeout, some whales are going to make a fat money, eating Rockies.
When you trade crypto online, it's doesn't mean you are actually buying the cypto. You're merely trading CFDs.
The current economic situation is unique. The coronavirus DID NOT cause the US economy bubble to collapse. It was just the catalyst. The bubble has been forming for the past year or so and a several economists have been warning about it. The reason for the hype on crypto is because of the possibility that hedge funds might park some of their assets there as an alternative to gold when the stock market fails to recover and crashes.
The current economic situation is unique. The coronavirus DID NOT cause the US economy bubble to collapse. It was just the catalyst. The bubble has been forming for the past year or so and a several economists have been warning about it. The reason for the hype on crypto is because of the possibility that hedge funds might park some of their assets there as an alternative to gold when the stock market fails to recover and crashes.
Let's see ifthat happen.
So far nothing has happened of what people have told. No crash, No rise in the crypto rates no nothing. The Gold price has rise nicely but else nothing.
@Frank N Stein yes, if you trade with regulated products, futures, funds, CFDs,.... the problem keep on the the trading platform, but the problem still exits. You can also trade like stocks, owning cryptos.
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