**BITCOIN PRICE PREDICTION** by charliemckay

BITCOIN PRICE PREDICTION by charliemckay

View this thread on: hive.blog | peakd.com | ecency.com

bitcoin · @charliemckay · Oct 8 '18

$68.84

**BITCOIN PRICE PREDICTION**

I did an analysis on bitcoin’s price around a month ago where I indicated that it was starting to consolidate and that massive price action could be expected in the near future. Well, looking at the charts again today, it seems as if my prediction is being even further supported. Bitcoin continues to move in a downwards triangle and is starting to reach the bottom of this, where price swings are vividly less volatile, and it begins to consolidate between the $6100 -$6500 range. Furthermore, there is a significant tightening of the Bollinger bands which hasn’t been seen for a very long time. In fact, last time Bollinger bands were seen this tight was slightly before the massive bull run we experience early this year. Last year, it took only six weeks to go from the price we are currently at today, to hit highs around $21,000. Despite there being signs of massive price action, it is not possible to tell whether it will be up and down, however, I believe it will be up. Institutional money will continue to pour into the crypto market, as bitcoin futures are already in play, as well as the almost guaranteed implementation of Bitcoin ETF’s. A recent survey by Fundstrat, found that 54% of institutions believe that Bitcoin has found its bottom around the current price. Furthermore, there is exponential upside in terms of the volume that can be delivered from the developing world, where there are massive numbers of people who will continue to gain access to purchasing and selling Bitcoin.

![Screen Shot 2018-10-08 at 3.32.25 PM.png](https://cdn.steemitimages.com/DQmRYtEFGb6KCoHwkUqQxgFfSpesVgfJWsBhCRwrNS4BRJd/Screen%20Shot%202018-10-08%20at%203.32.25%20PM.png)

👍 boomerang, smartsteem, appreciator, steem-ua, sezenke, raise-me-up, horpey, d0zer, charliemckay, superultra, rlh100, jakedavis224, tonyb1663, tsukuyomi, cifer, chappertron, anton-r, cemke, nuytara, power-whale, daydreams4rock, princessvanessa, kimmac, aalagenesis, bim.scouting, andrecarothers, voter000, minnowpond, pasaift, m1alsan, eagle42, agusnovic, afifa, u25b2x, eu-africa, botbd, votes4minnows, melooo182, beulahlandeu, arv1, akineton, masaitv, dynamicrypto, nicestbot, jacksonoskele, asoju, blockchaindaily, vyaduka, omrfrq18, manwithsuit909, sobieski40, kirillur, ewuoso, sohel333, mzeeshan5, creatingutopia, babarmallah786, monitaarvianti, merlis, denizcanguler, akemal75, always.unlimited, elixbaba, sergevna, and 261 others

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`permlink`	bitcoin-price-prediction
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properties (23)vote details (325)

voter	rshares	pct
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horpey	18,801,945,028	31%
cifer	7,381,725,028	68%
bim.scouting	2,434,374,753	100%
steemorocco	109,180,666	10%
aalagenesis	2,438,336,361	100%
always.unlimited	486,885,478	100%
thewindowflower	269,719,172	38.5%
elixbaba	484,628,809	50%
boomerang	25,552,722,291,287	87.23%
mrpirated	134,741,196	50%
morahn	420,445,666	10%
umerjaved	215,970,478	93.5%
theredshark	10,556,027	10%
dedeleyman	434,784,583	85%
wahedkado	10,562,343	10%
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morwhalebonus	73,833,426	10%
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morwhalefr	10,566,553	10%
smartsteem	14,044,241,956,243	11.9%
pasaift	1,910,693,465	10%
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sarmitirajaa	33,994,515	10%
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aminamarchalik	10,566,974	10%
afifa	1,228,268,563	20%
mardibachir	10,665,305	10%
ering	108,307,535	1.1%
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sakanijalal	10,657,956	10%
harmonicliving	237,749,044	1.1%
sammyb	308,526,022	1.1%
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johndc13	196,898,323	38.5%
medha	212,821,515	38.5%
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sxlingsxlang	218,735,617	93.5%
sadbinasif	93,400,833	24%
emmanuelacheamp	135,246,981	50%
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omrfrq18	557,193,055	100%
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thebrightness	218,535,976	93.5%
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po27	209,772,627	38.5%
olunna	96,587,793	24%
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thevark	206,615,562	1.1%
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ozioziozio	227,310,430	93.5%
shamrock017	0	1.1%
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rngdz	200,879,183	38.5%
nadinka	84,896,393	100%
aurore	214,667,013	93.5%
cemke	6,206,307,500	80%
drguy	0	1.1%
raise-me-up	26,779,551,548	85%
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d0zer	15,298,193,808	100%
ceotechnician	219,684,331	93.5%
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sylinda	195,599,594	50%
mindcombustion	219,993,384	93.5%
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naijatimez	138,869,778	50%
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paredros	216,476,103	93.5%
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smart-shaegxy	231,985,796	50%
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codon	216,190,008	93.5%
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windofrebel	247,672,658	50%
langtubk9x	310,030,264	50%
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hostinger	93,810,312	24%
ehost	93,810,312	24%
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banglasteemit	93,810,312	24%
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odiosen12	93,583,858	24%
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omwqej3	93,585,883	24%
upopij5	93,587,908	24%
ioe11	93,292,512	24%
janebirkin	251,500,507	50%
syahrin	168,864,329	50%
resteemdone	314,506,900	60%
apexd	89,794,555	24%
atipian	93,717,751	24%
bddtube	93,688,084	24%
boomerangs	93,736,893	24%
botbangla	93,708,282	24%
botbd	1,087,525,896	24%
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anyuta-rai	106,895,831	30%
irsyadillah	71,635,051	20%
ensshkrt	204,826,747	50%
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jahangir2	93,678,117	24%
jonaeid	93,678,117	24%
esaen	93,678,117	24%
anita3	93,678,117	24%
shopon	93,678,117	24%
sadiam	93,678,117	24%
honestbots	93,727,761	24%
minnowboostar	93,660,057	24%
pushups	93,660,057	24%
smartsteems	93,660,057	24%
upmewhales	93,660,057	24%
upmyvotes	93,660,057	24%
zapzaps	93,660,057	24%
zip512	16,513,699	1.1%
pablorg94	239,834,420	60%
googleplus	93,908,291	24%
honestbotes	93,736,241	24%
mediafire	93,640,645	24%
minnowboostares	93,621,538	24%
minnowfairyes	93,612,265	24%
rssfead	93,612,265	24%
smartsteemes	93,612,265	24%
zapzapes	93,613,278	24%
obaku	251,483,157	50%
bliki	465,297,624	90%
quimberly	252,924,865	50%
asoju	607,753,717	50%
princessvanessa	5,079,829,145	20%
masaitv	768,989,476	20%
mazdaes	467,449,578	90%
seat.leon	466,501,448	90%
venicejacobella	132,830,050	30%
breakups	93,438,480	24%
dancings	93,428,690	24%
adminexcell	93,391,136	24%
afsanashanjida	93,391,136	24%
virginsiland	93,391,136	24%
macro-good	253,276,791	50%
gbindinazeez	335,303,528	50%
loveforlove	250,153,422	50%
tihtghj	94,246,212	24%
saminkers	75,168,640	24%
sumonflair	250,706,497	50%
davesmart	255,107,725	50%
venustory	221,302,622	50%
kofie	246,636,773	50%
alien-mastermind	160,221,223	50%
vyaduka	559,108,667	4.36%
starteds	94,141,182	24%
djaay	285,751,233	50%
nawiaceh	166,541,498	50%
akineton	804,096,292	50%
nukelinux	425,253,364	100%
voter000	2,203,764,516	1.1%
benlieve	95,250,805	24%
mdtouhid	254,984,895	50%
chappertron	6,615,595,144	100%
ndg1pu	407,849,335	100%
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jakedavis224	11,709,972,680	50%
tanbu	230,657,521	50%
zemi	390,745,468	100%
saifulhuri	168,924,572	50%
u25b2x	1,158,503,192	1.1%
sojol527	299,883,488	50%
cryptolovr	214,864,998	40%
papertradez	30,652,463	1.1%
steem-ua	138,927,084,153	0.86%
maglerky	254,594,787	50%
eu-africa	1,113,466,871	20%
babarmallah786	525,272,457	100%
petergriffin2	307,609,981	100%
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sergevna	476,952,584	100%
tonyb1663	10,076,180,260	100%
power-whale	5,623,498,813	25%
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@babarmallah786 · Oct 8 '18

Good

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@boomerang · Oct 8 '18

This post has received a 87.23 % upvote from @boomerang.

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@creatingutopia · Oct 8 '18

It is certainly interesting to hear your perspective regarding the near future, but I am curious to hear where you think this is all heading long-term? Any thoughts from the poster (or readers) on what the price of bitcoin might stabilize at in 2020? 2025? Great post, thanks for sharing.

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@cryptolovr · Oct 8 '18

$0.01

Very good analysis keep it up

Posted using [Partiko Android](https://steemit.com/@partiko-android)

👍 charliemckay

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properties (23)vote details (1)

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charliemckay	0 B		14,203,624,359	100%

@charliemckay · Oct 8 '18

Thankyou!

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@denizcanguler · Oct 8 '18

Thanks for information...

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@horpey · Oct 8 '18

$0.11

> Last year, it took only six weeks to go from the price we are currently at today, to hit highs around $21,000.

This seems not to be viable this year, BTC hitting 20K. 

The maximum price I predict for BTC by ending of this year is 9-10K. I wish we don't have this kind of bear next year 2019, this year has been unpleasant for we crypto lovers starting from Jan __ till now.

I would like to inform you about Blockchain summit happening in Malta Blockchain Island next month. Kindly, read this post for full info https://steemit.com/digitex/@horpey/fzftbti-digitex-will-unveil-its-zero-fees-exchange-at-malta-blockchain-island

👍 bait002, altcointrading, charliemckay

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@charliemckay · Oct 9 '18

$0.10

Yes I agree with you. If you read my reply on the comment below I also suggest a price around $10,000 by the end of the year. The reason for saying this in my post was purely to provide an example of the massive price action that can take place after these periods of consolidation. Thanks for your reply and for reading my post though!!!

👍 horpey

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@horpey · Oct 9 '18

Got it! And thanks for putting up awesome post too

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@manwithsuit909 · Oct 8 '18

thanks for the sharing

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@omrfrq18 · Oct 8 '18

Good prediction.

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@serfspodcast · Oct 8 '18

$0.02

What do you think will happen this December? Will it reach the same heights and when?

👍 charliemckay, creatingutopia

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@charliemckay · Oct 8 '18

I think we will see some upside action this December. I dont think we will see the kind of growth we saw around that time last year, but I think anything around $10,000 is possible. Obviously with room for significant growth into early next year.

👍 creatingutopia

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@serfspodcast · Oct 9 '18

Doesn't it usually plummet after December?

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@social123 · Oct 8 '18

$0.01

Hi welcome charliemckay good morning 
Very nice information thanks 
I think bitcoin will 10000$ end of December 2018, 
Let's see

👍 charliemckay, social123

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@charliemckay · Oct 8 '18

I tend to agree!

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@steem-ua · Oct 8 '18

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Your **UA** account score is currently 2.128 which ranks you at **#21988** across all Steem accounts.
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@tts · Oct 8 '18

To listen to the audio version of this article click on the play image.
[![](https://s18.postimg.org/51o0kpijd/play200x46.png)](http://ec2-52-72-169-104.compute-1.amazonaws.com/charliemckay__bitcoin-price-prediction.mp3)
Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.

👍 kimmac, kingjames808, cryptolovr

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