I myself feel that the recent run to $11k was nothing but to show that the bulls are still around, just waiting for the correct opportunity for a push. Neither the bulls or bears are in control right now, so it's truly hard to determine what direction will we be taking in the coming weeks. The recent positive news didn't really help bitcoin to go for a push; it's still left hovering over and under $10k for quite a few days now. Momentum from both sides aren't present, so I'm still eyeing on lifeless weks ahead.
I feel the push will happen in the middle of this year .. because this is the impact of the price turbulence is very significant .. of course we all know in the end of 2017 bitcoin prices are very spectacular ,, and I feel that we would be more appropriate to go in altcoin 
Topic: As BTC hovers around $10K, is it gathering momentum for another round of uptrend - page 2. (Read 363 times)
February 24, 2018, 02:42:08 PM
February 24, 2018, 01:54:30 PM
After every correction, there seems to be a decent hike. Just look at current correction. The price went down to $6K. It stays on and around this figure for more than 2 weeks. Then yes, the price started increasing / resuming back to $11K plus in 10 days. Almost $5K increased or recovered back in 10 days. Now we can again see around $1500 dip in last three days. I assure this will contine to dip slowly reaching $8000. Once it reaches $8000 around, there is going to be a bit high spike hitting around $15000 in a week or 10 days time. This is the ratio i could figure out and bring to the screen. Hope in 20 days the price stays at $15000.
February 24, 2018, 01:54:07 PM
In all honesty, I don't see any reason for the market to rocket up any time soon. In that regard, I would probably be a little more conservative when it comes to the slow weeks and probably months we still have ahead of us. These times are great for people looking to accumulate coins over a longer period of time around more or less the same levels. By the time the market is ready to take off, you will have enough coins ready to benefit from the next boost that might be related to either more Segwit adoption, or even LN. I personally consider the latter to be more of a trigger that will lift this market up to the next level. More future markets won't do it, an ETF probably won't do it, so it has to be LN one way or another.
I agree, I feel like we're in some kind of downtime right now. There isn't much new news hovering around. Once something like a large government comes out saying that they'll accept bitcoin for something important like taxes, it's likely that we'll be hovering around the same 10k price range. I agree that future markets, something like an ETF as well, wouldn't be able to change the price at a major scale. It needs to be some news, either good or bad, that influences the price.
I would actually venture to say that I'd rather take the chances of having bad news come up and buy even lower than this current holding spot, because while it's lower, I'm much more sure that the price will rebound.
February 24, 2018, 01:53:45 PM
It seems to be in a bear trend at the moment, and it seems to be testing resistance levels around $8,000 and $12,000. I believe it will continue to drift lower for a while, and then pick itself up in April or May.
I'm fairly new to modern chartist theory, so please don't consider my post to be an informed opinion.
I'm fairly new to modern chartist theory, so please don't consider my post to be an informed opinion.
February 24, 2018, 01:37:58 PM
I thought the markets were going to range for a couple of months after that nasty correction in January and it looks to be doing just that. I expect a BTC breakout at some point, but I think that point will coincide with Lightning Network activation. I say this because Segwit just got added on by Coinbase, if the sphere was bullish it would have already taken by now. It seems we are hesitant and will remain in limbo for a while longer yet.
February 24, 2018, 01:18:17 PM
In all honesty, I don't see any reason for the market to rocket up any time soon. In that regard, I would probably be a little more conservative when it comes to the slow weeks and probably months we still have ahead of us. These times are great for people looking to accumulate coins over a longer period of time around more or less the same levels. By the time the market is ready to take off, you will have enough coins ready to benefit from the next boost that might be related to either more Segwit adoption, or even LN. I personally consider the latter to be more of a trigger that will lift this market up to the next level. More future markets won't do it, an ETF probably won't do it, so it has to be LN one way or another.
Yeah, even the rumour mongers at the usual Merkle/CCN etc hideouts can't seem to get anything juicy on their plates these past few weeks. Just the recycling of same stories, clarification of previously reported happenings. All threads that are running on their last legs. If I had to guess, there are some quiet undercurrents that a lot of ICOs from last year will be dealing with, and with GDPR implementation coming up in just over 2 months, there might be quite a bit of scrambling before some major announcement from continental watchdogs.
That's primed for a May/Spring movement either way, but yeah, there's really nothing to pressure the price away from 10k, think Bitcoin's really sprouting roots out here now. I'm ready to be wrong though. Perhaps regulation won't be as impactful this year.
SW and LN will likely take a lot longer than we're expecting... end of the year or autumn even. And that... that will really bring back some of the lost herd.
February 24, 2018, 12:53:22 PM
In all honesty, I don't see any reason for the market to rocket up any time soon. In that regard, I would probably be a little more conservative when it comes to the slow weeks and probably months we still have ahead of us. These times are great for people looking to accumulate coins over a longer period of time around more or less the same levels. By the time the market is ready to take off, you will have enough coins ready to benefit from the next boost that might be related to either more Segwit adoption, or even LN. I personally consider the latter to be more of a trigger that will lift this market up to the next level. More future markets won't do it, an ETF probably won't do it, so it has to be LN one way or another.
February 24, 2018, 12:46:21 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.
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...
February 24, 2018, 12:38:59 PM
so far bitcoin doesn't show either sign for moving in any direction 
it is stuck between $9500 and $11000 and may not break free for another month, the rise may have been a sign that bulls are still around but it was also a sign that bitcoin is not completely ready for the next round of rises.
the same was true as the price fell below $10k. there is no enough dumping to push it any lower either.
it is stuck between $9500 and $11000 and may not break free for another month, the rise may have been a sign that bulls are still around but it was also a sign that bitcoin is not completely ready for the next round of rises.
the same was true as the price fell below $10k. there is no enough dumping to push it any lower either.
February 24, 2018, 10:16:16 AM
I can see that bitcoin might hit higher than 11.6k usd as of now probably the best price of bitcoin after the big dip. Because the bearish market is exhausting and we might see a big uptrend next week or something.
February 24, 2018, 09:17:05 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.
February 24, 2018, 09:06:16 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.
February 24, 2018, 08:34:13 AM
I myself feel that the recent run to $11k was nothing but to show that the bulls are still around, just waiting for the correct opportunity for a push. Neither the bulls or bears are in control right now, so it's truly hard to determine what direction will we be taking in the coming weeks. The recent positive news didn't really help bitcoin to go for a push; it's still left hovering over and under $10k for quite a few days now. Momentum from both sides aren't present, so I'm still eyeing on lifeless weks ahead.
February 24, 2018, 05:56:14 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.
Jump to: