$10k? No big deal. Been there off and on all year... February, May, now July.
The real action will begin when we pass $16k, probably not until autumn (northern hemisphere).
I'm surprised how many in this thread refer to CMC. Most seasoned Bitcoiners use a comprehensive multi-market index like Bitcoinaverage (the reference for most ATMs) or if they use a single online exchange, Bitstamp.
Isn't CMC used mostly to track alt- scam- and other sh*tcoins?
Topic: Bitcoin is $10,000 - page 4. (Read 753 times)
It has been happened although the price back to decrease again. When I see on 1D time frime we can draw the pattern like BAT bearish pattern which I think sooner its price will go back to below $9500 in my prediction. Unless on this week's candle can exceed $10.400-$10.500 so as we can expect a higher price again. We can see a few hours ahead and hoping there is a good news come. Because I haven't seen a good news come that we can give a bull market come.
I'd check the CMC quite sometimes but the price keeps moving up and down, and the sad thing is that it drops again below $10k. I keep believing that we gonna surpass $10k but not this time. I have to wait for a while to see if the momentum will continue to move high.
https://www.forbes.com/sites/billybambrough/2020/07/26/as-bitcoin-flounders-the-price-of-these-smaller-cryptocurrencies-has-suddenly-soared/
And the good thing is that aside from Bitcoin surge some altcoins do the rally the same. And I hope this could lead to something surprising good ends for the incoming.
The price will really matter a lot for investors and for holders. But the current situation will seemingly hold the market to soar high as we would like to see.
That is why, though we some pumps today but it never gives assurance for more pumps to follow. The market price still showing a roller coaster alike movement.
https://www.forbes.com/sites/billybambrough/2020/07/26/as-bitcoin-flounders-the-price-of-these-smaller-cryptocurrencies-has-suddenly-soared/
And the good thing is that aside from Bitcoin surge some altcoins do the rally the same. And I hope this could lead to something surprising good ends for the incoming.
The price will really matter a lot for investors and for holders. But the current situation will seemingly hold the market to soar high as we would like to see.
That is why, though we some pumps today but it never gives assurance for more pumps to follow. The market price still showing a roller coaster alike movement.
Hey guys, bitcoin has breached the $10,000 price mark, what's next for this?
Is is another failure or are we already in the bull run?
SHARE YOUR THOUGHTS HERE!
Is is another failure or are we already in the bull run?
SHARE YOUR THOUGHTS HERE!
10,000 doesn't really mean much. It has crossed it countless times during this big nothing phase. 10.5 ish is the big one and has been for a long, long time. That could happen tomorrow or it may take the rest of the year.
Short-tern it's a major psychological level, and for a long time Bitcoin failed to maintain it, so now is a very important time. If we fail to reach and defend it, the price will likely go back to low $9,000 or even lower. But if we succeed, the price might go straight to $12-13k, which was the level of last year's bullish period.
Right now I'm optimistic that we'll have a bullish scenario at least for short term, because the support has been building up for a very long time. Maybe if not for the coronavirus, we'd already be in a more bullish market.
@freedomgo according to the Cointelegraph article this rally has liquidated around $74 million worth of long contracts, and many traders immediately booked profits too due to which the prices came down immediately. Further it seems that the new resistance level for bitcoin prices is around $10k to $10.2k, and unless Bitcoin breaches these levels we shouldn’t get over excited too as these kind of rallies may not last long.
Quote
The price of Bitcoin (BTC) rose to as high as $10,272 on July 26 in an unexpected weekend rally. It liquidated $74 million worth of long contracts on BitMEX alone, catching many traders off guard. There appear to be two main reasons behind the abrupt upsurge of Bitcoin from $9,700 to over $10,200. They are the liquidation of over-leveraged shorts and traders taking profit from over-extended alternative cryptocurrencies (altcoins).
Source:
https://cointelegraph.com/news/why-bitcoin-suddenly-spiked-to-10-200-liquidating-75m-in-fast-rally
10,000 doesn't really mean much. It has crossed it countless times during this big nothing phase. 10.5 ish is the big one and has been for a long, long time. That could happen tomorrow or it may take the rest of the year.
Short-tern it's a major psychological level, and for a long time Bitcoin failed to maintain it, so now is a very important time. If we fail to reach and defend it, the price will likely go back to low $9,000 or even lower. But if we succeed, the price might go straight to $12-13k, which was the level of last year's bullish period.
Right now I'm optimistic that we'll have a bullish scenario at least for short term, because the support has been building up for a very long time. Maybe if not for the coronavirus, we'd already be in a more bullish market.
Hey guys, bitcoin has breached the $10,000 price mark, what's next for this?
Is is another failure or are we already in the bull run?
SHARE YOUR THOUGHTS HERE!
Is is another failure or are we already in the bull run?
SHARE YOUR THOUGHTS HERE!
Just as I predicted yesterday's prediction thread. Never though $10,000 was breached this early.
Judging on the current price movements, If Btc will rise pass $10,000, I doubt there wont be any breakout. Quick sellers and short traders are always on the look. There might be a short pullback but there will be no bulltrap either. Just a short movements.
But as always expected, short pull backs happened.
Btc is trading at $9,960 by the time I'm typing this.
If by any chances Bitcoin touches the $10,000 again twice or thrice, a gradual upward trend will most likely to happen. But, If it doesn't, It would hover around the $9,000 range again. Btc hasn't been showing any bearish indications. So, I still believe Bitcoin reaching new heights will come in a slow pace.
After passing halving a few months ago and at the end bitcoin reached the bullrun this month by touching 10,000 I'm sure this will continue as the pumping occurs, the market is so stable and growth is so fast.
This is the best breakthrough where pumping occurs with altcoin too. Does this ignore the pandemic during this bad economy? like bitcoin is so accepted in today's society.
a lot of profit that has happened with the pumping that happened from yesterday.
This is the best breakthrough where pumping occurs with altcoin too. Does this ignore the pandemic during this bad economy? like bitcoin is so accepted in today's society.
a lot of profit that has happened with the pumping that happened from yesterday.
Hey guys, bitcoin has breached the $10,000 price mark, what's next for this?
Is is another failure or are we already in the bull run?
Is is another failure or are we already in the bull run?
Sooner or latter one of those "Bitcoin will never go back under $1000 again" come true. Every day that pass higher are chances for that. Maybe chances are already very very very high.
It looks like there's a FOMO, but if we are in the bull run already, I think I will not conclude yet, I will observe the market first, if bitcoin will reach at least $11k, then I guess I'll be convinced that the bull run is here.
The price jumped 4.4% today and it is a big jump in some time, there is a lot of selling pressure over $10k and the exchange i am trading touched $10100 and we had a lot of sell off and if we are able to see some have a good support and a good buy wall then we will be able to overcome the resistance we have for months and once we cross the resistance then we will see a rally, it all depends upon what happens in the next few hours.That's very crucial, we have to monitor the price closely in order to make the right decision.
However, not everyone here are trading in short term, or know how the read the graph, most of us here are just hoping bitcoin will start its bull run so we will see the price of our expectation which is a new ATH. Some people think that since the bull run happened, it should also result to a good altcoins market, and literally that's the same like the last bull run.
What's happening now might caught the attention of potential investors, once we break the resistance, we might see more money coming into the market, big money from big investors as they are looking for a healthy investment since stocks are down.
I never thought the price would really came for this far since it really shows a strong stability for the past couple of days or shall me say a month already but this is a huge break out and might we can see more from it. Although the current price for now is at 9,955.95 as of this moment provably another pump will came since might the other people are been hype for the current market status.
A breakout run that we all have been waiting for. Again, we heard so many investors complaining about the stability and how boring it was so it's really good to see the price breaching $10K.
But don't celebrate, this is just the beginning, we don't know how long this pump can go as there could be traders who will simply sell once the price got to 5 digits. Wait till we go to a certain levels like $10,500 before calling this one a bull run.
10,000 doesn't really mean much. It has crossed it countless times during this big nothing phase. 10.5 ish is the big one and has been for a long, long time. That could happen tomorrow or it may take the rest of the year.
It's another test, if we break the resistance, then we might see some big FOMO coming in.
I think I've witnessed 2 times already that bitcoin fail to continue rising when it reached $10,000, instead, it dump when it failed to break the resistance.
so this could be the time, hopefully.
I can't remember what is our highest high during the pandemic and pre-halving, it is $10,300 or $10,800? Anyways, if we go to $10k, this is obviously another FOMO, it just surprising that the start of this comes from Altcoin market, specially Ethereum who just broken $300 and still continue to grow because of the ETH 2.0 and the Defi hype.
Currently the price is just ~$10k, so I'm not sure if this is going to be sustained as FOMO will go down after breaking the five digits again. I'm sure those short positions get REKT though crashing the bearish sentiments we have seen for weeks now.
The price of bitcoin is correlated with the market price of TH/s, which need to do mining bitcoin.
But mining-difficulty is too high now, as the network-hashrate.
But, just remember, that 17M BTC was been mined on low difficulty, from 2009 up to 2017 years.
All this bitcoins (volume is more than 80%), really, did not cost even $1k,
and the equilibirium price for BTC all this time was been lower than $1k.
But mining-difficulty is too high now, as the network-hashrate.
But, just remember, that 17M BTC was been mined on low difficulty, from 2009 up to 2017 years.
All this bitcoins (volume is more than 80%), really, did not cost even $1k,
and the equilibirium price for BTC all this time was been lower than $1k.
I never thought the price would really came for this far since it really shows a strong stability for the past couple of days or shall me say a month already but this is a huge break out and might we can see more from it. Although the current price for now is at 9,955.95 as of this moment provably another pump will came since might the other people are been hype for the current market status.
10,000 doesn't really mean much. It has crossed it countless times during this big nothing phase. 10.5 ish is the big one and has been for a long, long time. That could happen tomorrow or it may take the rest of the year.
Yep. There's no denying this move looks bullish, but we're still squarely inside the range. Not to mention, it's the weekend and CME futures are going to gap up from the $9,600s tomorrow. It would be typical to see that gap filled before the real breakout happens.
Once bulls break and hold above $10.5K, we can start celebrating.
As of today, the price is at $9,931.57 USD on Coinmarketcap, it might breach the $10,000 USD and suddenly came back down to this price mark, Well I don't really feel that it may go beyond this but I think it is setting up momentum in getting really higher.
I guess there are whales that are playing with the price well this is just my opinion because I can't think of anything else at the moment on what may be the reason the price increase this sudden.
On other exchanges it has hit $10,000 already. I'm also checking the price on CMC but it hasn't shown $10,000. It has been near to $10,000 but didn't break and for a few minutes it went a little lower back to $9925 and back again to $9975. I don't think that this is another failure, we must consider every single rise for bitcoin as an accomplishment and very healthy to the market as it went down in the past. I'll wait for the news again on the mainstream as they're always on the go when bitcoin is like this.I guess there are whales that are playing with the price well this is just my opinion because I can't think of anything else at the moment on what may be the reason the price increase this sudden.
There was a wave preparing to come from two days when bitcoin price started to jump to $9.5k - $9.6k then to the 5 digits finally!
And of course the rest of altcoins joined the wave too except maybe ETH which jumped higher than the others in %.
The essential part is to keep that level!
And of course the rest of altcoins joined the wave too except maybe ETH which jumped higher than the others in %.
The essential part is to keep that level!
As of today, the price is at $9,931.57 USD on Coinmarketcap, it might breach the $10,000 USD and suddenly came back down to this price mark, Well I don't really feel that it may go beyond this but I think it is setting up momentum in getting really higher.
I guess there are whales that are playing with the price well this is just my opinion because I can't think of anything else at the moment on what may be the reason the price increase this sudden.
I guess there are whales that are playing with the price well this is just my opinion because I can't think of anything else at the moment on what may be the reason the price increase this sudden.
It looks like there's a FOMO, but if we are in the bull run already, I think I will not conclude yet, I will observe the market first, if bitcoin will reach at least $11k, then I guess I'll be convinced that the bull run is here.
The price jumped 4.4% today and it is a big jump in some time, there is a lot of selling pressure over $10k and the exchange i am trading touched $10100 and we had a lot of sell off and if we are able to see some have a good support and a good buy wall then we will be able to overcome the resistance we have for months and once we cross the resistance then we will see a rally, it all depends upon what happens in the next few hours.
it's just heading to in moment it's less
Is is another failure or are we already in the bull run?
it is hard to say because $10k wasn't reached in an excited way where price jumps hundreds of dollars in matter of half an hour for instance which is either failing right away or continues with the FOMO so you can tell right away.
this was a slow rise that took a couple of days (of rising) to reach. so it won't just fail like that but also the momentum is a slow one so we have to still wait and see where it goes from there after some time. it still looks promising though.
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