Analyst: Bitcoin below $ 10,000 is a gift! - page 5.

exstasie

legendary

Activity: 1806

Merit: 1521

This is what someone says when they're still holding from above $10K. Wink

Sure it's a gift, but this analysis is so imprecise it's not useful. Where's the bottom? $9K? $8K? Lower? This guy has no idea and it makes a huge difference to anyone trying to buy in. There's a good chance people buying now or holding from above $10K based on sentiment like his will be squeezed into selling much lower.

That's why I hate empty statements like this. They aren't informative and they cause people to cling to hope. Another 10-15% drop is possible, even likely. When the market is in the low $8Ks you'll find "anything below $10K is a gift!" wasn't useful advice at $9,600.

Slow death

legendary

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Leading Crypto Sports Betting & Casino Platform

You forgot to post the source:

Analyst: Bitcoin below $ 10,000 is a gift!

I don't see good news to drive the price increase, so my short-term forecast is that we will see the $7000 price again. I'm not happy to see the price of $7000 again, but from what I see it will be inevitable, the current price is $9400 and it is slowly falling, so we will soon be at $7000

Theb

hero member

Activity: 1680

Merit: 655

The dilemma really here is that there is the stigma in the market when Bitcoin shows signs of bearishness after a great bull run almost everyone is afraid to buy some more or enter the market. Even the ones who wants to join in thinks its too late that Bitcoin already did its time and now will go down. They would rather buy Bitcoin when its pumping rather than Buy Bitcoin when it has bottomed out. Now even if the market is still consolidating they still see it as a sign of bearishness so it really affects the market confidence in the market.

romero121

legendary

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Vave.com - Crypto Casino

Bitcoin falling low is a gift for users who consider investing for long term profiting. For users who have been into trading never consider about the steep falls, the entire focus will be into the price fluctuations. Out of the fluctuation they keep on earning through the process of buying low and selling high. There is more chances for the market to turn bullish crossing $10000 by the ongoing weekend. If there is any form of bearish move then we can expect the price to fall as low as $8000.

zviadits

jr. member

Activity: 88

Merit: 1

It is needed to look at the chart, as soon as there will be a candle up, this is a sign that the whales have begun to purchase. So when the price of Bitcoin falls you should be attentive and wait for whales activity (it is your "gift" or I call it the golden time to buy)

joelsamuya

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https://emirex.com

We already concluded that the future of Bitcoin is truly bright based on the generally accepted sentiment of the market. Therefore, any dip just like what we are experiencing right now can be a very good opportunity to get in and be a part of the Bitcoin bandwagon or the best time to further increase one's holdings. The volatility of Bitcoin can affect us all yet this is one element that many traders are always happy with as the movements of the cryptocurrency can provide the best tool to make some money on the market. This is an opportunity one should not miss easily.

coin-investor

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Quote from: Kattoweymo on July 29, 2019, 08:32:40 AM

Well-known cryptanalyst and co-founder of Blockroots Josh Rager believes that the bitcoin price that has fallen below $ 10,000 is a real gift that needs to be used.

He expressed the corresponding idea on Twitter on Saturday, when Bitcoin once again dropped below $ 10,000.

According to Raiger, Bitcoin was at potentially low highs and, most likely, for some time will hold out at levels below $ 9,690. The trader does not exclude that if the local resistance level cannot be broken, the first cryptocurrency can test the weekly support level at $ 9,000.

At the same time, if the weekly trend turns out to be bullish, the price could rise to $ 10,586. A preferred level that would confirm the reversal would be a resistance level of $ 10,854, he believes.

Be that as it may, Rager made it clear that he did not believe in a change in market sentiment towards bearish, and therefore said that Bitcoin below $ 10,000 could be considered a good gift.

As of 12:00 UTC Sunday, the weighted average rate of Bitcoin, according to the CoinMarketCap, was $ 9,526.

What do you think, will there be any further increase in Bitcoin? Cool

I hope many investors, traders, and speculators are reading this article, so they can take this opportunity, I've bought Bitcoin every time there is a drop and encouraging my friends to buy at their convenience at this level, there is a profit to be made at the current Bitcoin level, let's see in the coming days if the prediction is true.

todiboa

jr. member

Activity: 128

Merit: 2

Today the BTC price has reached $9500, so i support your opinion it is the best time to buy coins. It is unlikely Bitcoin will fall further, because this rebound lasts so long

seoincorporation

legendary

Activity: 3346

Merit: 3125

Quote

What do you think, will there be any further increase in Bitcoin? Cool

The only thing we can be sure of is bitcoin will keep moving, we are not sure if it will move up or down, but that's what bitcoin does. My prediction is it will go down slowly, and for the end of the year we will see another mega bump. Is just my prediction and is based on a feeling.

boris2470

jr. member

Activity: 113

Merit: 5

This does not surprise me. When Bitcoin falls down, losing several thousand of its price, the coin turns into a discount product for big players. The current price of Bitcoin is less than $10,000 because I think that soon the whales should buy big amounts and make a pump

rdluffy

legendary

Activity: 2366

Merit: 1408

In my opinion, this sub 10k is a real good opportunity to buy BTC

To minimize the risks, you can buy in parts, I see a strong support in 9k and we should not see 8k levels again

I lost the opportunity to sell at 11k and buy again in this dip, so I'm only watching and hold my BTC waiting the next rise

bitsurfer2014

hero member

Activity: 924

Merit: 520

I believe most Bitcoin optimists including me would agree with that idea since our foresight are geared towards BTC's long term value and viability. Considering the time frame from Bitcoin's inception up to now, and its rise above the bear market of 2018, we can say that there has been more awareness about this technology than ever before and its fundamentals are still strong so a price rate of $10,000 below would not create panic among its stakeholders. Imho.

Kattoweymo

jr. member

Activity: 76

Merit: 1

Well-known cryptanalyst and co-founder of Blockroots Josh Rager believes that the bitcoin price that has fallen below $ 10,000 is a real gift that needs to be used.

He expressed the corresponding idea on Twitter on Saturday, when Bitcoin once again dropped below $ 10,000.

According to Raiger, Bitcoin was at potentially low highs and, most likely, for some time will hold out at levels below $ 9,690. The trader does not exclude that if the local resistance level cannot be broken, the first cryptocurrency can test the weekly support level at $ 9,000.

At the same time, if the weekly trend turns out to be bullish, the price could rise to $ 10,586. A preferred level that would confirm the reversal would be a resistance level of $ 10,854, he believes.

Be that as it may, Rager made it clear that he did not believe in a change in market sentiment towards bearish, and therefore said that Bitcoin below $ 10,000 could be considered a good gift.

As of 12:00 UTC Sunday, the weighted average rate of Bitcoin, according to the CoinMarketCap, was $ 9,526.

What do you think, will there be any further increase in Bitcoin? Cool

Link from where the article is taken: https://blockchainjournal.news/analyst-bitcoin-below-10000-is-a-gift/

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