Topic: As BTC hovers around $10K, is it gathering momentum for another round of uptrend (Read 383 times)
February 26, 2018, 09:31:35 AM
We have witnessed how bitcoin climb back to 10K USD after it plunges its market value down around 5K USD. It may be a good indication that bitcoin is preparing for another run anytime soon. As per experts predictions/speculations that i read from the internet, bitcoin will once again rise high this coming 4th quarter and will exceed more than 20K USD.
February 26, 2018, 09:12:17 AM
I don't think bitcoin will hit tremendous high price right now, I think it will safely play on 9k-10k, I'm still holding my btc and waiting for the right timing to get profit. But I'm hoping that it will not take for so long to pump again, still positive for btc peak prices.
February 26, 2018, 08:58:34 AM
seems it is going like 2014 now , the market is take control by bear now . we have to wait for another 2 years until the next halving.
Yup that's Bear. And the market is take control by Bear now. Next time Bear will call all his buddies and all your coins will belong to his. Lmao.
But seriously, I couldn't care less...
February 26, 2018, 07:34:34 AM
The BTC price movement right now is pretty much the same before it hits $11.8k from the past weeks. This is called the consolidation stage. The whales are buying at this level from those who are selling cheap. We had a higher low compared to the $6k that happened on Feb 6 which didn't stay long and have a strong support. This time, if we can't go lower than $9k, its probably an uptrend and a breach to $12k and beyond in the next few days.
February 26, 2018, 12:21:48 AM
Strong support at 9K levels suggests that it will have a push soon,but I still do not know up to what level. I supposed below 12K is a good point of the next resistance just like how it tested that level a week ago.
We just need to wait, once BTC gets to launched again in other countries, it will be a hit again or if no mure FUDS will about to spread soon btc will be on uptrend again, there just too many government issues that each governments dealing with crypto thinking that can manipulate which they not, at the end we will just let it used by their people, so have patience until then. February 25, 2018, 09:54:43 PM
seems it is going like 2014 now , the market is take control by bear now . we have to wait for another 2 years until the next halving.
So long?
February 25, 2018, 06:51:33 PM
Strong support at 9K levels suggests that it will have a push soon,but I still do not know up to what level. I supposed below 12K is a good point of the next resistance just like how it tested that level a week ago.
February 25, 2018, 03:22:18 PM
Though price reaches to al low as $9.9K, price still gets well supported above 10K, if BTC can't break upwards, is it gathering momentum and get itself ready for next round of uptrend?
Feel free to leave your comments below.
In my opinion, it surely is having momentum but still deflations are expected due to its volatility in the market. The best thing to do is to continue holding and investing while its market value is low. Its price already began increasing recently which is a good sign. Once it again starts to increase, profit will rhen again earn. Eventually it will break the barrier in between 15000 USD and hopefully will now reach 20k this year. Feel free to leave your comments below.
February 25, 2018, 02:41:30 PM
One would think all persons who wanted to sell already did? right?
Still on a crossroad though, I'm curious what next week will bring!
Personally I also think that the momentum is still good for btc, compared to 2014, however no ATH expected for first months.
But then again are we all disillusioned by previous 2017 year growth?
I guess most of us are delussional because of the previous performance of btc in 2017, and somehow it affects the way others set target price in a speculation. Nevertheless, I think bitcoin will not have a new all time high in the next coming months too, not just in the first months. I expect to see new all time high as early as octoboer this year and as late as 1year after the next block halving.Still on a crossroad though, I'm curious what next week will bring!
Personally I also think that the momentum is still good for btc, compared to 2014, however no ATH expected for first months.
But then again are we all disillusioned by previous 2017 year growth?
December 2017 brought a lot of money in the market and make most of us millionaires. And so as the start of the year, everyone is thinking that they can repeat that performance sadly though bitcoin stumbled and up to know we are not bouncing as every is expecting.
Yes, the halving is another factor that can increase the price for this year together with Lightning Network's implementation. Of course every year all-time-high is being set. But it will take several months before we can see it. Right now its still below $10K, so I'm looking at above $10K as reasonable price at the end of the month.
February 25, 2018, 11:54:30 AM
Though price reaches to al low as $9.9K, price still gets well supported above 10K, if BTC can't break upwards, is it gathering momentum and get itself ready for next round of uptrend?
Feel free to leave your comments below.
I see this as just the market not knowing what to do, the price cannot go up because there is not a reason for it but the price cannot go that much lower either since there is not a justification for it, so we are going to get weeks of small fluctuations like this until something big enough pushes the market, this can create an increase in the price but it can also have the opposite effect if FUD begins to be spread again. Feel free to leave your comments below.
February 25, 2018, 07:01:47 AM
One would think all persons who wanted to sell already did? right?
Still on a crossroad though, I'm curious what next week will bring!
Personally I also think that the momentum is still good for btc, compared to 2014, however no ATH expected for first months.
But then again are we all disillusioned by previous 2017 year growth?
I guess most of us are delussional because of the previous performance of btc in 2017, and somehow it affects the way others set target price in a speculation. Nevertheless, I think bitcoin will not have a new all time high in the next coming months too, not just in the first months. I expect to see new all time high as early as octoboer this year and as late as 1year after the next block halving. Still on a crossroad though, I'm curious what next week will bring!
Personally I also think that the momentum is still good for btc, compared to 2014, however no ATH expected for first months.
But then again are we all disillusioned by previous 2017 year growth?
February 25, 2018, 03:27:03 AM
This dump is mostly still caused by profit takers at the $12k level, which makes sense. Honestly there is nothing to worry about and I still see BTC stabilising at above $10k for most of this year, after the price recovers.
Yeah right, those who want easy money takes profit at that level and I think it will take more time for bitcoin to bounce back at that level, I believe it will not lower than the support level again. Lest see what will be the price at the end of february, looking forward for un uptrend signal with bitcoin.
February 25, 2018, 03:14:39 AM
One would think all persons who wanted to sell already did? right?
Still on a crossroad though, I'm curious what next week will bring!
Personally I also think that the momentum is still good for btc, compared to 2014, however no ATH expected for first months.
But then again are we all disillusioned by previous 2017 year growth?
Still on a crossroad though, I'm curious what next week will bring!
Personally I also think that the momentum is still good for btc, compared to 2014, however no ATH expected for first months.
But then again are we all disillusioned by previous 2017 year growth?
February 25, 2018, 01:29:41 AM
Though price reaches to al low as $9.9K, price still gets well supported above 10K, if BTC can't break upwards, is it gathering momentum and get itself ready for next round of uptrend?
Feel free to leave your comments below.
Feel free to leave your comments below.
We're going to test the $9k support level for sure. I doubt that we'll be able to get above $10k within the week.
Probably still going to see some panic dumping because people seem to feel like BTC's got no room to grow again after this current crash. I don't think that it's going to be as big as a dump in January, though.
This dump is mostly still caused by profit takers at the $12k level, which makes sense. Honestly there is nothing to worry about and I still see BTC stabilising at above $10k for most of this year, after the price recovers.
February 25, 2018, 12:49:35 AM
Uptrend is coming after this recent slide of bitcoin most especially if people have already learned in the past the significance of hodling their crypto assets during times like this. With less people who panic sell their crypto assets, there is a big possibility that it's not hard for bitcoin to rise again and reach new high value.
February 25, 2018, 12:40:37 AM
seems it is going like 2014 now , the market is take control by bear now . we have to wait for another 2 years until the next halving.
[im g]https://i.imgur.com/L0tsRMq.jpg[/img]
That may be the case. We had a long period of stagnation before the last halving so this is plausible.
The next halving though I see it going 10X plus what it is now.
Two years though.
Two long years...
i disagree because you are basically saying that in the next two years nothing positive is going to happen to bitcoin and there will be no rises for that time without saying why and that doesn't make any sense to me. bitcoin is not in a bad place to go into a very long bear market and not come out of it.
February 24, 2018, 09:53:01 PM
Though price reaches to al low as $9.9K, price still gets well supported above 10K, if BTC can't break upwards, is it gathering momentum and get itself ready for next round of uptrend?
Feel free to leave your comments below.
Feel free to leave your comments below.
I think there will eventually be a big breakout once the price stops at a support level. The charting experts can shed more light on what price that will be and when that could happen. I think it is inevitable though that at some point, there will be a lot of momentum upward. It could take a few months to get to that point so we just have to be patient and hold or even buy.
February 24, 2018, 06:26:17 PM
seems it is going like 2014 now , the market is take control by bear now . we have to wait for another 2 years until the next halving.
February 24, 2018, 04:12:49 PM
seems it is going like 2014 now , the market is take control by bear now . we have to wait for another 2 years until the next halving.
Haha nope, nothing even close to that is happening now. 2014 was so full of FUD and the GOX aftermath that it caused a lot of mining operations to go under. People lost so much money that many of them gave up completely. It was a year of crap that later created another year of crap (2015) with all the slik road auctions, jailed bitcoiners, and no acceptance or support from any country. Now we're in a completely different market where most people are certain that this is going to be big in the near future. Even people from Paypal are saying that BTC is changing finances. No long bear trend this time. We'll either go up from this 9-10k level or go back down to ~7k to confirm the bottom once again and launch from there.
February 24, 2018, 02:11:32 PM
These times are great for people looking to accumulate coins over a longer period of time around more or less the same levels.
Same here. I was actually quite surprised to see the price break through $10k that easily. My plan was to use the funds left from securing profits last year, to keep buying below $10k for a good while, but the quick recovery spoiled my sub $10k sale shopping spree. I just bought myself some coins, and plan to buy another batch once the price dips further. My guess is that if $9500 breaks, we'll be up for a test of the $9k level, and if that level doesn't hold, then sub $8500 will be the next target. It's a little bit early to speculate about a further decline, but it's not impossible without any new developments as you pointed out as well. Either way, having fiat aside that you can put into action is always the best feeling in these situations.
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