# Bitcoin isn't likely to see much resistance around current levels... Given that bitcoin has only traded above the current price for a handful of days throughout bitcoin's entire history, there isn't a ton of resistance around here. Specifically there isn't a ton of "memory" around current levels. We have the all time high close coming up and we have the all time high price, which are basically the only two major price resistance levels remaining on the chart. That being said, the most likely next resistance levels will be psychological resistance levels. Things like big round numbers... For example, $20k or $25k might be a psychological resistance level given that they are big round numbers. Bloomberg tends to agree with this line of thinking... ![image.png](https://images.hive.blog/DQmUGuKmRn7fgUgEknWTkTXaxWP7g6tu2tQ5C48QdMunwU7/image.png) (Source: https://cointelegraph.com/news/1t-market-cap-is-next-big-resistance-for-bitcoin-bloomberg-analyst) # Bloomberg says next major resistance likely to be around $1 Trillion Bloomberg put out a piece this morning indicating that $1 trillion may be the next major resistance point for bitcoin. Their rational can be seen on the chart above. The neat thing is that not only did they give a price projection, well market cap projection, but they also gave a time frame of when that might happen. Based on the chart above, Bloomberg sees bitcoin hitting $1 trillion in early Q3 of 2021. For those wondering about the price target, that would equate to a little under $54k. That means Bloomberg is roughly calling for a $54k BTC price target by early Q3 of next year. That is quite a bit lower than many of the other price targets out there, but I don't think many here would be too upset if that is all we get out of BTC during this cycle. Also of note, that wasn't necessarily where they think it will top, but instead where they think it could encounter significant psychological resistance. Personally, I think we are going to get up near $100k. :) Stay informed my friends. -Doc Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@jrcornel/next-stop-for-btc-usd1-trillion-market-cap)
author | jrcornel |
---|---|
permlink | next-stop-for-btc-usd1-trillion-market-cap |
category | hive-167922 |
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created | 2020-11-16 20:27:03 |
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voter | weight | wgt% | rshares | pct | time |
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livingfree | 0 | 256,297,912,414 | 4% | ||
jrcornel | 0 | 5,964,153,222,508 | 100% | ||
daveks | 0 | 205,477,056,915 | 5% | ||
sift666 | 0 | 11,509,335,522 | 25% | ||
doitvoluntarily | 0 | 104,241,564,358 | 100% | ||
planosdeunacasa | 0 | 2,034,981,830 | 28% | ||
jaybird | 0 | 267,367,635,638 | 100% | ||
osmi | 0 | 722,089,837 | 28% | ||
builderofcastles | 0 | 22,246,746,290 | 25% | ||
master-set | 0 | 367,252,922,100 | 100% | ||
automaton | 0 | 1,008,369,141 | 100% | ||
tabea | 0 | 40,759,906,483 | 30% | ||
teammo | 0 | 215,821,267,801 | 100% | ||
joeylim | 0 | 82,162,773,298 | 100% | ||
planter | 0 | 424,720,295,917 | 100% | ||
lebah | 0 | 1,116,203,662 | 25% | ||
sepracore | 0 | 3,888,562,932,003 | 100% | ||
treetoptennis | 0 | 8,706,592,258 | 100% | ||
bigram13 | 0 | 1,285,113,915,491 | 100% | ||
steempearls | 0 | 85,302,762 | 15% | ||
flauwy | 0 | 2,042,316,364 | 1% | ||
cryptographic | 0 | 3,534,404,901,851 | 100% | ||
sam99 | 0 | 113,155,112,149 | 23.98% | ||
brian.rrr | 0 | 1,901,128,873,268 | 100% | ||
spectrumecons | 0 | 1,423,503,025,958 | 30% | ||
techken | 0 | 8,868,080,738 | 14% | ||
benedict08 | 0 | 105,543,847,083 | 50% | ||
apoloo1 | 0 | 4,271,616,199 | 30% | ||
pixelfan | 0 | 16,258,581,772 | 2.8% | ||
dineroconopcion | 0 | 881,579,284 | 28% | ||
khalil319 | 0 | 620,159,959 | 6.5% | ||
zonabitcoin | 0 | 2,288,725,864 | 28% | ||
djkrad | 0 | 1,326,286,088 | 28% | ||
pavonj | 0 | 45,698,014,966 | 100% | ||
sevillaespino | 0 | 127,771,613,493 | 28% | ||
ernick | 0 | 3,064,951,008 | 28% | ||
angelusnoctum | 0 | 4,692,754,878 | 28% | ||
alexanderlara | 0 | 1,152,092,423 | 28% | ||
aballarde53 | 0 | 528,448,015 | 28% | ||
bradfordtennyson | 0 | 71,270,390,581 | 100% | ||
artonmysleeve | 0 | 2,739,136,145 | 2.5% | ||
robertoueti | 0 | 10,799,299,336 | 28% | ||
roleerob | 0 | 39,229,967,398 | 6.5% | ||
mawit07 | 0 | 2,346,140,565 | 14% | ||
silversaver888 | 0 | 148,829,516,743 | 100% | ||
yabapmatt | 0 | 3,204,801,302,078 | 100% | ||
jondoe | 0 | 53,474,049,425 | 100% | ||
vegoutt-travel | 0 | 17,254,999,426 | 30% | ||
mtl1979 | 0 | 4,737,889,262 | 100% | ||
hendersonp | 0 | 24,426,428,937 | 28% | ||
ubikalo | 0 | 1,444,919,618 | 28% | ||
fjcalduch | 0 | 15,219,818,252 | 28% | ||
guifaquetti | 0 | 974,248,472 | 28% | ||
kevmcc | 0 | 28,334,362,544 | 30% | ||
crookshanks | 0 | 1,347,087,712 | 100% | ||
fourfourfun | 0 | 7,626,041,052 | 24.97% | ||
candyboy | 0 | 841,495,493 | 100% | ||
r351574nc3 | 0 | 8,099,241,316 | 10% | ||
ydavgonzalez | 0 | 2,387,868,759 | 100% | ||
korinkrafting | 0 | 782,764,559 | 22.5% | ||
znnuksfe | 0 | 1,909,417,286,159 | 20% | ||
samueladams314 | 0 | 920,586,254 | 100% | ||
mermaidvampire | 0 | 37,868,490,477 | 45% | ||
justasking | 0 | 0 | 100% | ||
jimcustodio | 0 | 1,751,003,055 | 50% | ||
nnaraoh | 0 | 129,210,673,932 | 100% | ||
isisfemale | 0 | 787,578,838 | 100% | ||
letshodl | 0 | 610,820,626 | 100% | ||
d0zer | 0 | 45,862,564,138 | 100% | ||
fsegredo1 | 0 | 1,648,525,942 | 28% | ||
arac | 0 | 7,015,113,056 | 100% | ||
michelmake | 0 | 607,628,985 | 25% | ||
frassman | 0 | 4,167,058,166 | 24.97% | ||
henlicps | 0 | 6,417,806,653 | 28% | ||
salty-mcgriddles | 0 | 2,770,640,548 | 10% | ||
neopch | 0 | 808,585,727 | 100% | ||
manniman | 0 | 254,020,782,013 | 100% | ||
stmdev | 0 | 387,272,155 | 10% | ||
dera123 | 0 | 242,339,707,228 | 30% | ||
paragism | 0 | 1,227,474,634 | 3.9% | ||
moiscapsesii | 0 | 3,259,257,027 | 28% | ||
yameen | 0 | 138,999,994,697 | 20% | ||
juanmanuellopez1 | 0 | 6,103,860,689 | 28% | ||
gadrian | 0 | 6,576,229,223 | 4.16% | ||
laloretoyya | 0 | 6,537,920,925 | 28% | ||
rollandthomas | 0 | 3,885,647,130 | 2% | ||
enm1 | 0 | 25,288,624,023 | 100% | ||
promobot | 0 | 92,667,572,794 | 99.9% | ||
tronsformer | 0 | 868,841,811 | 30% | ||
luminaryhmo | 0 | 2,807,141,490 | 100% | ||
exifr | 0 | 416,757,663 | 10% | ||
robertojavier | 0 | 881,370,714 | 28% | ||
roger5120 | 0 | 105,554,013,240 | 13% | ||
aljif7 | 0 | 71,398,064,330 | 100% | ||
exifr0 | 0 | 500,619,585 | 10% | ||
jk6276 | 0 | 2,969,019,114 | 10% | ||
tipsybosphorus | 0 | 518,073,479,623 | 100% | ||
oakshieldholding | 0 | 109,850,951 | 12.5% | ||
alokkumar121 | 0 | 1,227,331,833 | 1.3% | ||
kermosura | 0 | 1,490,793,579 | 28% | ||
florino | 0 | 822,510,502 | 15% | ||
glastar | 0 | 746,750,916,848 | 60% | ||
criptoanarquista | 0 | 1,097,026,014 | 100% | ||
leviackerman | 0 | 944,797,905 | 100% | ||
blind-spot | 0 | 15,805,351,719 | 20% | ||
tr777 | 0 | 1,703,907,717 | 100% | ||
sm-jewel | 0 | 601,404,457 | 50% | ||
smon-joa | 0 | 1,291,969,225 | 100% | ||
jjangjjanggirl | 0 | 1,474,610,853 | 100% | ||
broxi | 0 | 8,415,267,401 | 50% | ||
limka | 0 | 0 | 5% | ||
smonbear | 0 | 1,698,276,170 | 100% | ||
engrsayful | 0 | 4,317,587,627 | 7.8% | ||
szf | 0 | 710,729,684 | 50% | ||
coredump | 0 | 53,581,333 | 10% | ||
poliwalt10 | 0 | 41,378,902,367 | 90% | ||
trxjjbtc | 0 | 2,229,435,342 | 28% | ||
minigame | 0 | 381,488,213,636 | 100% | ||
dtrade | 0 | 723,972,869 | 25% | ||
ssc-token | 0 | 1,324,431,646 | 100% | ||
cezary-io | 0 | 94,914,143,173 | 25% | ||
likwid | 0 | 665,691,690,433 | 99.9% | ||
bastter | 0 | 32,186,687,467 | 35% | ||
haxxdump | 0 | 114,486,918 | 10% | ||
tradingideas2 | 0 | 0 | 100% | ||
plankton.token | 0 | 4,763,211,142 | 30% | ||
tggr | 0 | 1,150,915,129 | 3% | ||
travelwritemoney | 0 | 3,426,302,776 | 13% | ||
makingblocks | 0 | 1,229,292,215 | 100% | ||
asmr.tist | 0 | 26,355,969,756 | 100% | ||
camila19 | 0 | 2,358,338,861 | 28% | ||
tiffin | 0 | 2,004,022,444 | 50% | ||
abh12345.leo | 0 | 149,734,630 | 13% | ||
leovoter | 0 | 1,007,392,055 | 50% | ||
partitura.leo | 0 | 261,231,670 | 100% | ||
leo.voter | 0 | 4,560,017,917,290 | 13% | ||
onealfa.leo | 0 | 9,303,686,071 | 50% | ||
vxc.leo | 0 | 74,902,656 | 21% | ||
leoup | 0 | 49,121,461 | 100% | ||
elgranpoeta | 0 | 14,079,171,513 | 28% | ||
arctis | 0 | 874,621,185 | 50% | ||
helengutier2 | 0 | 6,721,843,900 | 28% | ||
tina-tina | 0 | 362,240,396 | 100% | ||
happiness19 | 0 | 0 | 100% | ||
fifay | 0 | 0 | 1% | ||
claudio83.leo | 0 | 635,233,047 | 100% | ||
pukeko | 0 | 0 | 1% | ||
shtup | 0 | 2,825,163,572 | 28% | ||
dnflsms | 0 | 1,637,586,444 | 100% | ||
spinvest-leo | 0 | 4,659,921,064 | 5% | ||
leoneil | 0 | 189,248,821 | 1% | ||
tonimontana.leo | 0 | 1,191,450,267 | 13.1% | ||
tonimontana.neo | 0 | 25,932,338 | 3.35% | ||
blocktvnews | 0 | 1,696,951,985 | 100% | ||
snoochieboochies | 0 | 4,549,723,468 | 6.5% | ||
sumatranate.leo | 0 | 3,190,069,682 | 75% | ||
travelssteem | 0 | 12,973,626,125 | 100% | ||
toni.pal | 0 | 0 | 4.04% | ||
gimp | 0 | 8,144,193,678 | 5% | ||
kgsupport | 0 | 1,763,002,627 | 49.95% | ||
ldelegations | 0 | 541,479,011 | 50% | ||
davidlionfish | 0 | 10,109,745,468 | 50% | ||
leofinance | 0 | 34,079,050,776 | 13% | ||
hivevenezuela | 0 | 1,151,121,006 | 100% | ||
captainhive | 0 | 556,449,333,840 | 30% | ||
uzzca | 0 | 4,744,326,207 | 80% | ||
ppinillos | 0 | 5,629,144,901 | 100% | ||
localgrower | 0 | 2,715,699,176 | 5% | ||
yugimuto | 0 | 931,606,732 | 100% | ||
honeycombs | 0 | 2,189,329,634 | 1% | ||
magodelcaosnegro | 0 | 930,033,911 | 100% | ||
hivebtc | 0 | 923,451,777 | 100% | ||
beehivetrader | 0 | 2,077,227,810 | 6.5% | ||
sagadegeminis | 0 | 932,753,767 | 100% | ||
constantinopla | 0 | 928,526,991 | 100% | ||
johannesboldt | 0 | 2,508,869,809 | 100% | ||
bellaciao | 0 | 924,181,392 | 100% | ||
roberto58 | 0 | 8,528,061,548 | 100% | ||
jesucristo | 0 | 927,282,883 | 100% | ||
yodinzaku | 0 | 927,156,641 | 100% | ||
lordarianthus | 0 | 927,006,975 | 100% | ||
spiritminer | 0 | 926,669,920 | 100% | ||
drfate | 0 | 926,114,773 | 100% | ||
confucio | 0 | 926,129,261 | 100% | ||
splintergod | 0 | 925,876,031 | 100% | ||
magnor | 0 | 925,968,617 | 100% | ||
meele | 0 | 924,882,953 | 100% | ||
kretchtallevor | 0 | 924,950,157 | 100% | ||
hivecur2 | 0 | 62,146,823,959 | 10% | ||
onyxsentinel | 0 | 923,408,422 | 100% | ||
khymeria | 0 | 923,273,402 | 100% | ||
sicmundus | 0 | 923,235,456 | 100% | ||
neoxcur | 0 | 549,973,557 | 50% | ||
lainiwakura | 0 | 1,147,375,712 | 100% | ||
roymustang | 0 | 922,304,197 | 100% | ||
darkarmy | 0 | 922,279,323 | 100% | ||
reiayanami | 0 | 921,911,946 | 100% | ||
kaiosama | 0 | 922,081,899 | 100% | ||
pitagoras | 0 | 921,900,132 | 100% | ||
steinitz | 0 | 922,078,935 | 100% | ||
aceh-media | 0 | 131,411,437,873 | 100% | ||
mariosfame | 0 | 7,771,104,346 | 100% | ||
allsway | 0 | 24,020,591,495 | 100% | ||
anillounico | 0 | 1,377,894,156 | 100% | ||
usainvote | 0 | 3,535,786,312,065 | 20% | ||
bitcome | 0 | 2,235,745,016 | 50% | ||
borbolet | 0 | 2,298,851,360 | 15% | ||
senseiphil | 0 | 1,879,746,963 | 13% | ||
chucknun | 0 | 34,232,370,230 | 13% | ||
dknkyz.leo | 0 | 825,966,536 | 50% | ||
rdfield | 0 | 1,003,634,541 | 100% | ||
drax.leo | 0 | 1,428,420,640 | 100% | ||
meta.condeas | 0 | 212,043,333 | 26% | ||
netaterra.leo | 0 | 681,160,772 | 25% | ||
nathen007.leo | 0 | 650,076,925 | 25% |
If we get legacy system Bitcoin credit lines $100k will look cheap. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@automaton/re-jrcornel-2ndqf4)
author | automaton |
---|---|
permlink | re-jrcornel-2ndqf4 |
category | hive-167922 |
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created | 2020-11-16 21:54:42 |
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root_title | "Next stop for BTC? $1 Trillion Market Cap..." |
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Yep, there are quite a few ways $100k could look cheap...
author | jrcornel |
---|---|
permlink | qjwv4k |
category | hive-167922 |
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created | 2020-11-16 22:43:36 |
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Three years ago I was talking about the greatest bull market, NOT BUBBLE, but real, secular, bull market of our lifetime. Don't know why I've backed off from that exaggerated enthusiasm, but I'm realizing that I shouldn't. Love your energy! You're doing a great job keeping us all informed. And, oh, how much fun being on the right side of the greatest bull market of all time at the same time!
author | cryptographic |
---|---|
permlink | qjwqkg |
category | hive-167922 |
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created | 2020-11-16 21:05:09 |
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Ha yes it sure is a lot of fun, and thank you for the kind words. Hopefully this bull market doesn't disappoint. So far it is basically doing everything it should be doing and doing them right when it should be doing them. It's pretty surprising to be honest.
author | jrcornel |
---|---|
permlink | qjwrsj |
category | hive-167922 |
json_metadata | {"app":"hiveblog/0.1"} |
created | 2020-11-16 21:31:36 |
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Organic is the key word to explain it, I think. It's truly organic. No other way to explain how it's working like 'clockwork'. It's the S adoption curve in action, and the rest is noise. The genie's out of the bottle!
author | cryptographic |
---|---|
permlink | qjwsew |
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soon 20k?
author | doitvoluntarily |
---|---|
permlink | re-jrcornel-qjx8m7 |
category | hive-167922 |
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created | 2020-11-17 03:34:33 |
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root_title | "Next stop for BTC? $1 Trillion Market Cap..." |
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Anything less than $50k price tag from bitcoin next year will not be accepted definitely
author | mandate |
---|---|
permlink | re-jrcornel-20201117t102616475z |
category | hive-167922 |
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