Bitcoin is very likely going to break $9000 in the next few days. - page 5.

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Quote from: Whaleagent on May 24, 2019, 12:21:18 PM

Here is my reasoning. We are clearly in a tightening pattern with higher lows and lower highs. The last lower high is at $8275 and the 2019 high is at $8366. The monthly resistance is at $8491.

3 Resistances only 200$ a part from each other. If we break the first one, breaking from the pattern, a lot of stop losses for shorts and buys for longs will trigger pushing the price up quickly, we will reach 8366 in minutes, the momentum will be enough to break it and again, stop losses and buy orders will trigger which will, again, push the price even higher reaching 8491 in minutes too, at that point the momentum should be big enough to break it as well and we will face almost no real resistance after that point. This could happen today or in a few days, it's not guaranteed unless we break the first resistance, which might not happen.

We might cross the resistance and touch $9000 in a short period of time but after that i really think it will take some time to cross the $10k barrier, the price will move in a range for some time from $7k to $9k until we find another big push to cross the ten thousand barrier, we have seen in the past that the price usually breaks certain resistance level so easily and since we have only a limited data and the second time we have seen those valuations, nothing can be said for certain, but crossing $10k will be a battle.

El duderino_

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Quote from: LimLims on May 26, 2019, 08:09:27 AM

To be very much honest, nothing is predictable.
I mean who knows what will happen to the price.
The only thing we can do is just estimate the price. That's all .
You guys gonna be shocked at the recent movements of the coin.
So thereby doing any sort of predictions will be just waste of time.
Moreover the price will be only depend on the mareketcap. So just wait and watch.

Thinking, guessing, reasoning on previous events and outcomes, try to find some logic or whatever are just fun things to keep us going bruh

So why not talk and speculate over what could happen??

Of-course the smarter ones will have X-amount in cold storage not to touch but besides that, try to live in the world and its actions, e involved etc

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To be very much honest, nothing is predictable.
I mean who knows what will happen to the price.
The only thing we can do is just estimate the price. That's all .
You guys gonna be shocked at the recent movements of the coin.
So thereby doing any sort of predictions will be just waste of time.
Moreover the price will be only depend on the mareketcap. So just wait and watch.

add1ct3dd

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Quote from: bitbunnny on May 26, 2019, 05:29:56 AM

I don't think this is going to happen. Price is still in some kind of correction phase and fluctuations will continue for a while. Although it looks very close, having in mind current situation on the market 9000$ will not be so easy to reach. For that we would need continuous growth in the upcoming period but this is not going to happen.

In crypto everything is possible, and we can believe that it can happen. Looking with the market it’s quite stable because there’s retracement and correction thay is happening. $9,000 can’t hard to make, but it’s possible.

Lucius

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Quote from: 1Referee on May 25, 2019, 09:04:46 AM

I'm not so sure of that. People continue saying that whales want the price to remain below x level, but none of them can explain how whales are manipulating the price. I don't see an indication of manipulation at all, just organic buying and selling, where in some cases large accounts buy or unload regardless of the slippage they subject themselves to.

If there was some sort of a keep Bitcoin below x level manipulation, they have had enough time to stock up on Bitcoin below the $4000 level. Another thing is that if whales manage to keep the price below x level, that means there isn't enough organic demand to push it up, therefore shouldn't and can't go higher.

I personally think it is very easy to manipulate with cryptocurrency market, much easier than with other markets. In the beginning of April someone is create buy order of $100 million in total on three exchanges which resulted in almost $1000 up in less then one hour. This is also reversed the trend and we are today at $8000, and not on $4000 or $5000.

Whoever stands behind 5000BTC dump on Bitstamp is trying to keep price under of close to $8k level as long as possible. Real FOMO will not start before $10k, and this is not time for big bull run, but only for preparation for what follows after halving.

We can believe that things happen quite accidentally, but for me personally, very little of this happens by chance, most of the events are the results of very thoughtful decisions, which have some purpose.

bitbunnny

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I don't think this is going to happen. Price is still in some kind of correction phase and fluctuations will continue for a while. Although it looks very close, having in mind current situation on the market 9000$ will not be so easy to reach. For that we would need continuous growth in the upcoming period but this is not going to happen.

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Quote from: BitHodler on May 26, 2019, 04:06:35 AM

Since when has Bitcoin gone up in one straight line? There has always been a major correction that lasted for about a couple of weeks at least. Right now we only had wicks to the downside, which I don't consider a correction.

but those things only happen whenever we are already on the rise for a while not just getting started to rise. right now we are mostly in a "recovery" and if every recovery had a correction then price would have never went up!

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Quote from: Gozie51 on May 26, 2019, 03:15:48 AM

Price have been locking around $8,000 since the last week and now a slight drop to $7,987 presently. I think $9,000 as predicted is around maybe this new week because the few drops below $8,000 is very minimal. We could experience another major move up.

Or another major move down. I don't really like the lower highs, which some might counter that we also have higher lows, but at this stage I consider it to be more bearish than bullish.

Since when has Bitcoin gone up in one straight line? There has always been a major correction that lasted for about a couple of weeks at least. Right now we only had wicks to the downside, which I don't consider a correction.

I increased my fiat position just over $8000 to be ready to buy the next proper dip. Patience is key here, and that same patience helped me to not rule out a sub $6000 dive last year, and it actually happened.

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Price have been locking around $8,000 since the last week and now a slight drop to $7,987 presently. I think $9,000 as predicted is around maybe this new week because the few drops below $8,000 is very minimal. We could experience another major move up.

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Quote from: pushups44 on May 25, 2019, 10:44:11 PM

It could happen, but anything can happen in this market. In order to reach $9,000, $8,300 will have to first be breached, and it has proven to be a difficult barrier. I agree that we will far surpass $9,000 this year, but I am unsure it will happen in a few days. If I had to guess, we will reach that level within the next couple of months.

As far as observation on the price this time, I saw $8k was stabilizing and developed another momentum towards achieving strong price surges. Right now there's a minimal fluctuating trend, but not totally fast dumps. Although it seems to be more unpredictable and yet so challenging despite of vanishing bearish bites, but still we're moving forward to the bulls.

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Quote from: buwaytress on May 25, 2019, 05:18:27 AM

I'm going to come out and say this. My heart wants Bitcoin to come down to 7k and lower, give me a few more months to accumulate. Prep myself and the rest of crypto for a 5 digit price in 2020, with halving to join the party.

But my head tells me that the momentum looks too strong not to see at least a 10k test by end of the year, so 9k is definitely on the cards.

Not sure what this means longer term because it feels too fast but que sera sera.

Bitcoin may go to 9000$ or even at 10,000$ from the accumulation at 8000$. But it does not mean that it will not come down. After reaching 9000/9500$ bitcoin will be in correction mode and during this time it may touch 7000$. Those who are willing to buy at 7000$ should have their orders ready as bitcoin might touch 7K and then bounce back.

pushups44

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It could happen, but anything can happen in this market. In order to reach $9,000, $8,300 will have to first be breached, and it has proven to be a difficult barrier. I agree that we will far surpass $9,000 this year, but I am unsure it will happen in a few days. If I had to guess, we will reach that level within the next couple of months.

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Quote from: dimonstration on May 25, 2019, 02:52:22 PM

We might not even notice we were already break $9k if the market continues to incline. It's indeed a good sign that it moves not that fast since we can monitor it, no big whales will plan to sell their BTC at this rate and time, unlike in 2017 that it pumps too fast and too fast in breaking it.

We didn't break $9000 yet in this year,but hopefully on the coming days because of very gradual and unnoticed price growth of every successive sideway movement growth.

(Whales)Just let the prices growth. Cheesy

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We might not even notice we were already break $9k if the market continues to incline. It's indeed a good sign that it moves not that fast since we can monitor it, no big whales will plan to sell their BTC at this rate and time, unlike in 2017 that it pumps too fast and too fast in breaking it.

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Quote from: BrewMaster on May 25, 2019, 09:12:06 AM

Quote from: 1Referee on May 25, 2019, 09:04:46 AM

Quote from: Lucius on May 25, 2019, 08:47:26 AM

Let's not forget what happened few days ago, it is obvious that some big players want to price stay under $10k as long as possible, which is quite understandable with regard to expectations that could happen before and especially after halving.

I'm not so sure of that. People continue saying that whales want the price to remain below x level, but none of them can explain how whales are manipulating the price. I don't see an indication of manipulation at all, just organic buying and selling, where in some cases large accounts buy or unload regardless of the slippage they subject themselves to.

If there was some sort of a keep Bitcoin below x level manipulation, they have had enough time to stock up on Bitcoin below the $4000 level. Another thing is that if whales manage to keep the price below x level, that means there isn't enough organic demand to push it up, therefore shouldn't and can't go higher.

the whales usually want to keep price below X but they can't do it forever. because the market trend eventually overcomes their power and they will get crushed.
the explanation is the evidence on the market like the sell walls and also the sudden dumps of big sized (1 big order instead of multiple orders aggregating to a big sum) is how they manipulate the price. on a bigger scale it is accompanied by a lot of FUD in social media to create panic.

with that said, i no longer see that manipulation though. it was mainly dominating the market when price was below $4k but ever since the breakout happened the "manipulators" also went with the flow because they know going against it will lead to losses.

p.s. we are above $8k right now Tongue

True, that's what happened last time in 2017. Your average joe was buying bitcoin in big quantities at any price hoping for it to go higher. Even if the whales had hundreds of millions of dollars, the buying power of everyone else was still too much, plus it's not entirely true whales want t price to stay under x amount. They benefit from bull markets just as much as we do.

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Quote from: 1Referee on May 25, 2019, 09:04:46 AM

Quote from: Lucius on May 25, 2019, 08:47:26 AM

Let's not forget what happened few days ago, it is obvious that some big players want to price stay under $10k as long as possible, which is quite understandable with regard to expectations that could happen before and especially after halving.

I'm not so sure of that. People continue saying that whales want the price to remain below x level, but none of them can explain how whales are manipulating the price. I don't see an indication of manipulation at all, just organic buying and selling, where in some cases large accounts buy or unload regardless of the slippage they subject themselves to.

If there was some sort of a keep Bitcoin below x level manipulation, they have had enough time to stock up on Bitcoin below the $4000 level. Another thing is that if whales manage to keep the price below x level, that means there isn't enough organic demand to push it up, therefore shouldn't and can't go higher.

the whales usually want to keep price below X but they can't do it forever. because the market trend eventually overcomes their power and they will get crushed.
the explanation is the evidence on the market like the sell walls and also the sudden dumps of big sized (1 big order instead of multiple orders aggregating to a big sum) is how they manipulate the price. on a bigger scale it is accompanied by a lot of FUD in social media to create panic.

with that said, i no longer see that manipulation though. it was mainly dominating the market when price was below $4k but ever since the breakout happened the "manipulators" also went with the flow because they know going against it will lead to losses.

p.s. we are above $8k right now Tongue

1Referee

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Quote from: Lucius on May 25, 2019, 08:47:26 AM

Let's not forget what happened few days ago, it is obvious that some big players want to price stay under $10k as long as possible, which is quite understandable with regard to expectations that could happen before and especially after halving.

I'm not so sure of that. People continue saying that whales want the price to remain below x level, but none of them can explain how whales are manipulating the price. I don't see an indication of manipulation at all, just organic buying and selling, where in some cases large accounts buy or unload regardless of the slippage they subject themselves to.

If there was some sort of a keep Bitcoin below x level manipulation, they have had enough time to stock up on Bitcoin below the $4000 level. Another thing is that if whales manage to keep the price below x level, that means there isn't enough organic demand to push it up, therefore shouldn't and can't go higher.

Adriano2010

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I also think is possible to pass 9000$ but also there are some whales who still want that price to be under 10k$ but this depends, if people will start buy and buy the price can go over 10k$ of there are enough money to pass over.

Lucius

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Let's not forget what happened few days ago, it is obvious that some big players want to price stay under $10k as long as possible, which is quite understandable with regard to expectations that could happen before and especially after halving. Some will say that the accumulation period was too long, but those who did not buy at $3000 to $4000 range seeking their opportunities today.

Chances for $9000 before end of this month are realistic, but not more then 50% in my opinion. Lot of traders will take profits on the way up, and some smart trader can again come to the idea to dump several thousand of BTC at once.

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Bitcoin is fixed at 8000, it reminds of what it was at 4. And as soon as everyone understands that he doesn’t want to go lower, the next wave of growth will follow.

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