Bitcoin Holding 9000$ Support - page 2.

traderethereum

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The price now don't go anywhere, whether it's going up or down, and maybe the price is tired to move Grin

I think we need to wait until tomorrow, so the price can start to move, and whether if the price is up or down, we need to patient.
But it seems, the price is hard to go up for now because the price itself is not moving, and maybe the price wait for something else.
So while the price does not move, we can take a break for a while, and maybe we can leave the market with making 2 order, which is an order buy and sell at some price, so if the price move, we can hope that we can get something.

jhonjhon

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I was wrong thinking for Bitcoin it never falls back to below $9k but this is it, we are already at $8.9k( at this post) preev.io.
This is probably is all about the continuous increase of COVID-19 patients which boldly affects the economic status globally and brings into a huge market recession which certainly makes investors and traders keep their money than to invest.

Slow death

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Quote from: BTC_Mouse on June 27, 2020, 04:08:37 AM

Bitcoin is holding 9000$ support very well so far.

in this cryptocurrency market you should know two things:

1 - When the price increases a lot, all analysts speak well of bitcoin and make optimistic forecasts, but when the price drops make peximistic forecasts. example:

Bitcoin Risks 20% Drop as Outlook for ‘Stimulus Junkie’ Stocks Sours

2 - in this cryptocurrency market people create high expectations, if the price starts to increase very immediately they create high expectations, but when the price stays stagnant for a long time then you can expect a dump is come

Quote from: BTC_Mouse on June 27, 2020, 04:08:37 AM

If Bitcoin hold same support level next 2 days . bitcoin next movement ?

if there is no event that causes the price to increase a lot, then wait for dump

Krislaw

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Right now, BTC is at 8,970$, which indicates that it's declining the 9,000 - 10,000 pattern. Being below 9k at the moment and there might be a little dump in the next few days if it doesn't go up to continue it pattern of 9k - 10k.
Very hard to predict this coin's movement.
Please, move topic to price speculation section.

Bitcoin_bullish

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Don't expect Bitcoin to repeat the 9-10K pattern for far too long. It is as traders say. Either we break above 10K decisively or someone gets bored and dumps.

I'm bullish and I think we will give it another shot on doing just that. Perhaps 11K will be next stop. Turning resistance of 10K to support means that the new bull run just began.

coolcoinz

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Barely holding if you ask me, although if it corrects I don't see it going lower than 7k. Anything below that is going to be a huge opportunity, just like 5k in March and people know it.

Quote from: AGD on June 27, 2020, 05:08:55 AM

I think it is either going up or down with a slight chance to not move at all. This TA is a 100% legit.

Love your TA. Pretty sure it's going to go exactly like that. You should set up a paid group and throw them a a bone once a week. Easy money Cool

Artemis3

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Current price is proof Bitcoin successfuly rode a world economy crisis just fine. You might not notice but the ever less and less fluctuations make it stronger than ever.

Its funny seeing some people waiting for some sudden movement in either direction not get what they want, and coming with several theories to make their analysis always right, but, whatever.

Bitcoin isn't going anywhere. For me, a net increase into 9k from last year 7.5k, is within my expectancy for a post halving situation.

The less it fluctuates, the less it needs to fluctuate. Simple.

Grodins

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It is difficult to guess how the price will move because we are moving in many resistance levels with some averages, so all possibilities are possible, but I think we will witness more stability in prices.
Bitcoin price follow stock market and new bitcoin market so bitcoin will back to less that 6000 dollar as it happen in March and may go deep than that price because all over the world have economy problems.

Kong Hey Pakboy

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Its very difficult to predict on what will happen on bitcoin's price due to its volatility that we can't say when will bitcoin will go up or down. But it is good that bitcoin is staying its price to $9,000 because investors will not hesitate to sell their bitcoins, and for them to maintain their long term investment to hold until its price reaches up to $10,000.

Yatsan

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Quote from: kryptqnick on June 27, 2020, 05:15:14 AM

Bitcoin has shown that there's no problem with $9k something, the support is strong. The issue is with moving forward. Sometimes Bitcoin goes up to $10k, but it doesn't stay there for long, and it barely ever goes beyond a bit more that $10k...

As I monitor the price from the past months, I have noticed that there is a pump whenever another month is coming of the date, but it dumps when it hangs on the last week of a certain month. This is just an assumption of mine. Let's start off from April, on the 1st of April the price is about $6K then the halving occurs so it went it touch $9K in early May and now it Plays to $9.5K to $10K, so maybe just a maybe the next month it will get into $10K? or $11K, the uncertainty becomes more of a variable now.

Quote from: kryptqnick on June 27, 2020, 05:15:14 AM

It seems to me that Bitcoin has been relatively stable between $9k and $10k for a while, and this will continue to be the case unless something particularly bullish or bearing gets in the news. It's been rather calm lately with no big news about the market or anything that could have impact on it, so I think we should not expect any big changes in the near future.

It's more confusing when the price is stable at a certain range, we be anxious where the price move the next moment and it is more bothering to future traders. Let's all just hold and watch it.

mk4

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So.. you're saying just because bitcoin is "holding 9000$ support", a "price movement" will then be guaranteed to happen in 2 days? Bitcoin's price could literally stay flat for weeks if it wants to.

Quote from: coinycoiny on June 27, 2020, 06:29:05 AM

Eventually bitcoin will be worthless.

But it will go up and down between then and now.

🤡

coinycoiny

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Eventually bitcoin will be worthless.

But it will go up and down between then and now.

CoinFoxs

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It is hard to predict what is going to happen in crypto market in next few days but one can give his opinion. In past few days bitcoin has managed to be traded between $9000-$10000 which has shown that the price bitcoin has remained stable over some time but I think in coming days there will be no significant change but there are some famous analysts who are predicting that the price would definitely increases but its not going to happen in few days.

KrisAlex18

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It's hard to predict the price of the bitcoin for the next day, next week, or even next year. There is no person that can predict the accurate price of the bitcoin, all are only prediction which is not reliable, they just based on their personal opinion, but nothing wrong with that. There are also known or the popular person who is also having some prediction about the price of the bitcoin and there re always many people who are believing on that, that is why they always do investment even the price of the bitcoin is already high because they believe that the prediction of other people is true and it can hit so high.

masphie

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Quote from: BTC_Mouse on June 27, 2020, 04:08:37 AM

Bitcoin is holding 9000$ support very well so far. If Bitcoin hold same support level next 2 days . bitcoin next movement ?

yes you right, but ... until this weekend maybe we have to ready if BTC down at $8800.
But, if this not happen .... i think BTC will be up to $9500-$10000

Coin_trader

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Quote from: Ulven on June 27, 2020, 05:22:27 AM

You can move the topic to the speculation section, as it is the place to discuss technical analysis of cryptocurrencies.
As for Bitcoin's stability between the 9k and 10k levels, I think it will continue for a short period of time, and then we can see the price move to more than 12k.

I agree about moving this thread to speculation section since the discussion is all about price speculation. But the graph is clearly telling that the 9k support will not gonna last longer. It will be break sooner or later. The RSI was still around 40 while the price was near to 9000 already so it means that there is a strong chance that BTC plunge more. This will maybe a short term plunge but still 9000 will be broken.

Ulven

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You can move the topic to the speculation section, as it is the place to discuss technical analysis of cryptocurrencies.
As for Bitcoin's stability between the 9k and 10k levels, I think it will continue for a short period of time, and then we can see the price move to more than 12k.

kryptqnick

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Bitcoin has shown that there's no problem with $9k something, the support is strong. The issue is with moving forward. Sometimes Bitcoin goes up to $10k, but it doesn't stay there for long, and it barely ever goes beyond a bit more that $10k... It seems to me that Bitcoin has been relatively stable between $9k and $10k for a while, and this will continue to be the case unless something particularly bullish or bearing gets in the news. It's been rather calm lately with no big news about the market or anything that could have impact on it, so I think we should not expect any big changes in the near future.

AGD

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I think it is either going up or down with a slight chance to not move at all. This TA is a 100% legit.

Yaunfitda

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Quote from: BTC_Mouse on June 27, 2020, 04:08:37 AM

Bitcoin is holding 9000$ support very well so far. If Bitcoin hold same support level next 2 days . bitcoin next movement ?

It's obvious, we only have two movement, going up or down, you may want to add a third option, go on sideways until a break out occurs. And for the record, its not just crypto who somewhat hit a big wall and didn't move as expected, even traditional markets such as stocks. And there are school of thoughts here that says there are correlation between the two markets. So if in the next couple of days that stock market moves, I'm sure crypto will follow.

And for speculators, you may want to read this as well, https://www.europeworldnews.com/bitcoin-options-worth-930-million-will-expire-next-friday-is-there-time-to-worry/. As this could have a net effect, positive or negative.

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