This is correct. Let's call it 10.000 usd and if bitcoin breaks this resistance we will see accelerated increase in price.
This is a huge resistance though, whenever we are close to it, people starts selling because they believe they can buy cheaper. We need good news or we need normie investors to sell all their bitcoins to make another whale pump in the price
Topic: $9,500 remains the major resistance for further gains. (Read 238 times)
BTC has been hovering around $9,000 for a whole day, judgng by the volumes, however, BTC is believed to effectively break $9,000 and test $9,500.
Even if price manages to unlock the area above $9,500, BTC is more likely to correct lower after rally.
Short-term trend seems clear as BTC is believed to oscillate between $8,700 and $9,100 in the coming days with support at $8,700.
When correction is completed, price holds greater chances to keep moving up as strength from bears is weakening. Window for daily traders will be opened every time price corrects lower.
Original by Kuang Ren, translated by AICoin Jami.
Full version: https://www.aicoin.net.cn/article/18038.html
Even if price manages to unlock the area above $9,500, BTC is more likely to correct lower after rally.
Short-term trend seems clear as BTC is believed to oscillate between $8,700 and $9,100 in the coming days with support at $8,700.
When correction is completed, price holds greater chances to keep moving up as strength from bears is weakening. Window for daily traders will be opened every time price corrects lower.
Original by Kuang Ren, translated by AICoin Jami.
Full version: https://www.aicoin.net.cn/article/18038.html
That's right !!
Bitcoin is just scrolling around $9000 and doesn't seem to come above it . If it does it just take a leap again .
People are just so panicked about this thing that they are forgetting that it was about $1500 right around this time last years . Isn't the value $9000 better that that ? Bitcoin is expected to rise again if it just crosses the bar of $12k or more in the coming days.
This week price is like a hard wall for all of us it mingles with the price between 9100 to 8600 USD, hopefully, the strongholds of the wall will break then the price will flood back to 12k upwards next week, G20's response to the cryptocurrency is a promising one and we need to have a good rebattle for the fudder's who keep flooding the internet with the same statements about negative kinds of stuff and misleading statements.
9000 is the bottom, going lower always bounce back up
That's the bottom line of price this week while last week it dumps for almost 4 to 5K USD, that was some cheap bitcoin and hoping I got some money that time to buy some dips. 
The price of bitcoin was dropped just a few hours ago after hit $9k level same happen yesterday that the price was hit $9k and drop again and bounce back again to a $9k value that I thought that the price will continue and increase until $9500, but the price drop again and stay around $8700-$8900.
Looks like there are big holders waiting to sell their bitcoin if the price hits above $9k expect that the price drop again. Unless if there is a big investor coming these days that can invest a large amount of money to past the $9k level and hit the $10k value or at least hit the $9500 and stay at this level.
Look at the image below looks like someone manipulate the price just now.
Looks like there are big holders waiting to sell their bitcoin if the price hits above $9k expect that the price drop again. Unless if there is a big investor coming these days that can invest a large amount of money to past the $9k level and hit the $10k value or at least hit the $9500 and stay at this level.
Look at the image below looks like someone manipulate the price just now.
I personally don't mind seeing BTC entering a very stable consolidation phase where price hovers around $9K for 2 / 3 months. Any quick gain to $13K from here would only cause another huge round of sell-off which could bring BTC to below $6K.
As far as I know OP has already mentioned that in his post, read the post quoted below as reference. Although that is the case, I agree with you both that if it have gone past to it's major resistance point too early, it will cause dump below 6000$ or even worse. The only question is if btc will continue hovering around 9000$ for over 2 to 3 months? I think that won't be the case and we might see some actions soon.Even if price manages to unlock the area above $9,500, BTC is more likely to correct lower after rally.
When correction is completed, price holds greater chances to keep moving up as strength from bears is weakening.
I'll wait until this correction ends and right now your prediction seems to happen as the price goes low again at $8,600.Any quick gain to $13K from here would only cause another huge round of sell-off which could bring BTC to below $6K.
This is so true that's why I'm also in the same thinking as yours that I don't put think too much about the stability of it.
I personally don't mind seeing BTC entering a very stable consolidation phase where price hovers around $9K for 2 / 3 months. Any quick gain to $13K from here would only cause another huge round of sell-off which could bring BTC to below $6K.
9000 is the bottom, going lower always bounce back up
As of today the price is $8,773.51 USD I didn't see a bounced back of price after it hit the $9000 mark, This is really a resistance like no other it keeps on recovering but keeps on dipping back again and this time it is back to the $8700 mark, If only we would know the real problem behind this, if this is a manipulation then it will still continue and no one known when it's going to stop.
You cannot expect that continuous pump will occur at this state since the red days epidemic still on the minds of people, But you can expect that this following month will be the boostfull month with btc since those certain 8,773$ is a great sign that there would be more pump coming these days.
9000 is the bottom, going lower always bounce back up
As of today the price is $8,773.51 USD I didn't see a bounced back of price after it hit the $9000 mark, This is really a resistance like no other it keeps on recovering but keeps on dipping back again and this time it is back to the $8700 mark, If only we would know the real problem behind this, if this is a manipulation then it will still continue and no one known when it's going to stop.
9000 is the bottom, going lower always bounce back up
you posted this about 3 minutes ago but price has been above $9000 for a while now. it is in fact staying at $9130 on bitstamp as i am typing this.
i think it is headed towards $9500+ and we may see it be broken easier than expected. it seems like a lot of investors are coming back ever since this last drop and right after G20 news came out.
seems like our mindsets are the same,bitcoin now are trying to hit $9,200 and expecting $9,500 before night falls..if this happens the resistance will remain as than but will try again to take the $10,000 to be stabilizing for the next growthi think it is headed towards $9500+ and we may see it be broken easier than expected. it seems like a lot of investors are coming back ever since this last drop and right after G20 news came out.
I'm glad to see the growth slowly nowadays, because bitcoin is starting to prove its through its action and performance to Pick up the prices that Had better this year.
BTC has been hovering around $9,000 for a whole day, judgng by the volumes, however, BTC is believed to effectively break $9,000 and test $9,500.
Even if price manages to unlock the area above $9,500, BTC is more likely to correct lower after rally.
Short-term trend seems clear as BTC is believed to oscillate between $8,700 and $9,100 in the coming days with support at $8,700.
When correction is completed, price holds greater chances to keep moving up as strength from bears is weakening. Window for daily traders will be opened every time price corrects lower.
Original by Kuang Ren, translated by AICoin Jami.
Full version: https://www.aicoin.net.cn/article/18038.html
Even if price manages to unlock the area above $9,500, BTC is more likely to correct lower after rally.
Short-term trend seems clear as BTC is believed to oscillate between $8,700 and $9,100 in the coming days with support at $8,700.
When correction is completed, price holds greater chances to keep moving up as strength from bears is weakening. Window for daily traders will be opened every time price corrects lower.
Original by Kuang Ren, translated by AICoin Jami.
Full version: https://www.aicoin.net.cn/article/18038.html
Just as I expected, short term we are seeing a correction happening.
There is some strong resistance from higher levels once we got out of the $9000 ceiling yesterday. When it did break $9k, price was pretty stagnant and it was clear that it was $9300-9500 that's the new resistance.
Why that is the new resistance should be clear to anyone. That's a clear signal just before bitcoin going up to 5 figures, which has a lot to do with how traders think about the market mentally.
For now, we'll hang around the $8500 region for a few days to consolidate, imho.
I've read somewhere these days that if Bitcoin reaches 10300$, it will fly.
With all the late movements I start to believe it will not be an easy to achieve target.
So I think that the problem is not only at 9500$. We need much more patience.
With all the late movements I start to believe it will not be an easy to achieve target.
So I think that the problem is not only at 9500$. We need much more patience.
BTC has been hovering around $9,000 for a whole day, judgng by the volumes, however, BTC is believed to effectively break $9,000 and test $9,500.
Even if price manages to unlock the area above $9,500, BTC is more likely to correct lower after rally.
Short-term trend seems clear as BTC is believed to oscillate between $8,700 and $9,100 in the coming days with support at $8,700.
When correction is completed, price holds greater chances to keep moving up as strength from bears is weakening. Window for daily traders will be opened every time price corrects lower.
Original by Kuang Ren, translated by AICoin Jami.
Full version: https://www.aicoin.net.cn/article/18038.html
Even if price manages to unlock the area above $9,500, BTC is more likely to correct lower after rally.
Short-term trend seems clear as BTC is believed to oscillate between $8,700 and $9,100 in the coming days with support at $8,700.
When correction is completed, price holds greater chances to keep moving up as strength from bears is weakening. Window for daily traders will be opened every time price corrects lower.
Original by Kuang Ren, translated by AICoin Jami.
Full version: https://www.aicoin.net.cn/article/18038.html
I totally agree with the statement. Its looks like we are having a hard time to even go to $9500 and the price keeps fluctuation from $8900-$9000 in the last 12 hours or so.
It looks to me that this is the new mental barrier. Investors are somewhat waiting for other signs before engaging themselves. So if ever we push to $9500, it might take several days to see it go over the $10000 as I'm expecting a minor pullback along the way.
Let's see how it goes for the next couple of days because weekend is coming. And we all know that sometimes during weekend, minor dump is to be expected. I say that we are going to see $9000 for quite some time before making a move towards $9500.
Yes it was some how difficult to break $9,500 as history has it that there is a strong resistance at that point and i strongly believe that very soon it will be break as we expect positive news in the crypto currency community.
BTC has been hovering around $9,000 for a whole day, judgng by the volumes, however, BTC is believed to effectively break $9,000 and test $9,500.
Even if price manages to unlock the area above $9,500, BTC is more likely to correct lower after rally.
Short-term trend seems clear as BTC is believed to oscillate between $8,700 and $9,100 in the coming days with support at $8,700.
When correction is completed, price holds greater chances to keep moving up as strength from bears is weakening. Window for daily traders will be opened every time price corrects lower.
Original by Kuang Ren, translated by AICoin Jami.
Full version: https://www.aicoin.net.cn/article/18038.html
Even if price manages to unlock the area above $9,500, BTC is more likely to correct lower after rally.
Short-term trend seems clear as BTC is believed to oscillate between $8,700 and $9,100 in the coming days with support at $8,700.
When correction is completed, price holds greater chances to keep moving up as strength from bears is weakening. Window for daily traders will be opened every time price corrects lower.
Original by Kuang Ren, translated by AICoin Jami.
Full version: https://www.aicoin.net.cn/article/18038.html
Bears are indeed weakening and it's much more likely we see a movement upwards once the $9500 resistance is broken. General trend has been bullish for sure, though.
For now, we're going to correct down to around $8500-8700 before rebounding up and testing that resistance. $9000-9500 has been the major resistance for each of the times that we had this kind of recovery, and it always came before bitcoin breaking $10k.
Once $9500 is broken we should see the rally push bitcoin over $10k, which is the psychological barrier for the traders.
I personally expect to see a 5 figure bitcoin by the end of the month, and that is quite conservative.
Bitcoin has respect that level and make a retracement back to around $8,887 and I believe the next push is going to break that level if all things been equal. I have seeing some increase in the volume of bitcoin on some major exchange since yesterday and I think before the end of this week we would be above $10,000.
We need to get past $10,000 again. A lot of people is obsessed with that psychological 5 figure line. If we can break it again, it may be a bumpy road until $12,000 given previous resistances. After $12,000 I think we will skyrocket again and attempt a new all time high short after. I believe the chances of a new time high for the summer are now higher than 50%.
I don't think there's any resistance. It all depends on the number of bitcoins that sell whales. Now they seem determined to warm up the market. They stopped the sale of a large number of coins and will now enjoy constant growth. It will not be fast because users do not have a large amount of money in order to quickly create a shortage of coins. But the fact that growth will be stable is for sure.
Probably a bull trap? I hope not.
I suggest everyone to observe the market for a little while longer before making any major move.
I suggest everyone to observe the market for a little while longer before making any major move.
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