Bitcoin just hit $8000 today and dropped right back - page 2.

onrise

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Quote from: UserU on April 29, 2020, 07:49:49 PM

Nearing 9K now, that's one major jump right there.

Btc price are on rise as we are not far away now from halving and we will continue to see some more upside and we are already at 9200$ and let us see if we can see 10k as well or will it remain at this level. Though people may book some profits as well at this level around and easy gain of 1500$ per coin in just 2 days which is very cool in this market.

akram143

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Quote from: UserU on April 29, 2020, 07:49:49 PM

Nearing 9K now, that's one major jump right there.

Its $9350+ and looks still increasing. Cheesy

In my local exchange the prices are selling near $10K so it looks perfect time for the bullish trend to begins since we have few days left for halving.

UserU

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Nearing 9K now, that's one major jump right there.

STT

legendary

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Its fair for the bounce from the low to accumulate into more in this pressure cooker prior to the block reward change, thats all positive sentiment. Todays high price has been an old trend in line with the overall price trend since March low :

If we pull back just to the previous positive trend we'd be at the 2 day average, so thats about 8000 area. If OP saw 8000 as possible top of some kind, then it can be some support on the way back. I'm not yet sure if that low would then be a place to buy for higher prices still. Generally its acting positive and should not be doubted for now, myself I thought the 200 Daily moving average would be where we stay for April at least.

CaVO32

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Quote from: Distinctin on April 29, 2020, 06:38:13 PM

It is the whales dragging it up and shouldn't be wondering that thing will happen. Then people will say this is BULL TRAP?
Now since we are breaking the $8000, we ought to think that halving will possibly make an exciting moment to see in front of this pandemic. I know people might thinking this is a sign for BULLRUN and it gonna be right or maybe.

Anyway, a little bit far from halving and changes will come all the time, and we are not sure by then if this uptrend motion will continue to click or it falls back to $7k.

As we speak, we are in the $8700 level already and $9k is very much possible to happen in the next coming hours or days. With the upcoming halving, many are really interested on what will happen to bitcoin's price. Whales are certainly on the move. A lot of money will be seen in the next coming days. But if you are a small crypto user, just make sure you are taking care of your own portfolio. There will be so much hype once the halving is getting near and right after the halving so you should be prepared on what you will do with your crypto.

cafetools

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Lots of people have free time on thier hands, they have $1200 extra from the us Gov. to spend, and EVERYONE wants to get rich quick!

Can everyone say FOMO PUMP?

Distinctin

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No dream is too big and no dreamer is too small

It is the whales dragging it up and shouldn't be wondering that thing will happen. Then people will say this is BULL TRAP?
Now since we are breaking the $8000, we ought to think that halving will possibly make an exciting moment to see in front of this pandemic. I know people might thinking this is a sign for BULLRUN and it gonna be right or maybe.

Anyway, a little bit far from halving and changes will come all the time, and we are not sure by then if this uptrend motion will continue to click or it falls back to $7k.

Baofeng

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Quote from: Ridwan Fauzi on April 29, 2020, 05:29:45 PM

Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

The target most of trader/invstor are to see bitcoin price reach to $8200 first, if its price touch $8200 then we will see the price will up and we can see it right now. But if bitcoin price fail to reach $8200 and just stable at $7800-$8000 we will see bitcoin price will fall to the lower price. Seem like it is just an injection for halving event. We will see a bull run will comes soon.

That $8200 target of traders/investors have been validated already. We are going to test $9k barrier. Just in the last 24 hours, bitcoin has spike to more than 10%, so this is a very bullish signal, in my opinion, it is above the 10 day and 50 day MA. So for now, there's no dumping to $5k, what we have now is FOMO. And probably will FOMO tell the day of the halving.

joinfree

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1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

That's good news but I think the price of bitcoin is likely going to increase the more in the coming days. It's likely going to peak at about $10K when bitcoin block reward is finally halved. It's still not late to buy and hold some bitcoin. Some major altcoins are also doing well and you can decide to look at them as well. Take for instance, ETH, BNB etc.

Oasisman

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Quote from: Ridwan Fauzi on April 29, 2020, 05:29:45 PM

Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

The target most of trader/invstor are to see bitcoin price reach to $8200 first, if its price touch $8200 then we will see the price will up and we can see it right now. But if bitcoin price fail to reach $8200 and just stable at $7800-$8000 we will see bitcoin price will fall to the lower price. Seem like it is just an injection for halving event. We will see a bull run will comes soon.

How about at this very moment? Looks like Bitcoin is rallying now. Does this means, the price won't have any chances to go back down again?
Bitcoin is up more than 12% from the last 24 hours. Yet, anything could still happen. It's either go up continuously, or will going to have a correction before the bull run.
Either way both directions could give it's corresponding benefits. So, there's nothing to worry about.

cafetools

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9k is the major resistance right now, lots of people selling at 8950 an taking profit. But theres too many bulls hearing about FOMO so its just a matter of time, China is waking up and soon they will FOMO buy.

Ridwan Fauzi

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Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

The target most of trader/invstor are to see bitcoin price reach to $8200 first, if its price touch $8200 then we will see the price will up and we can see it right now. But if bitcoin price fail to reach $8200 and just stable at $7800-$8000 we will see bitcoin price will fall to the lower price. Seem like it is just an injection for halving event. We will see a bull run will comes soon.

stomachgrowls

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Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

No man can predict out on what would happen on next minute here on crypto because anything can happen on least expectation.Just basing on the current price we are into which it almost
hit up or trying to break 9k barrier.Im pretty sure that most people havent expect for the price to rose this up.

We have tanked on 7k price for a while and then suddenly we do see these numbers which we really didnt expect and talking about pullbacks then its just normal because market cant be
considered healthy if we do just see rising prices.There would be always a sell-off for making profits.

Noticed about the recent development? Nothing that much because these percentage increase is just like a typical day here on crypto.

WalletPlus

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Quote from: UserU on April 29, 2020, 11:06:08 AM

Quote from: TheBeardedBaby on April 29, 2020, 09:04:47 AM

I don't know what the OP is trying to say with that dropped right back at the moment BTC is breaking the roof and soon is ready for moon-lading.
No FUD can stop it!!

Strap in boys, we're eyeing the Lambo!

not a lambo, a rocketship.

rexxarofmoknathal

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Looks like it is still hovering around the $8150 mark now.

Whenever a cryptocurrency passes through a crucial resistance like $8,000, you should always expect some pull back.

In fact, resistance crosses are a great opportunity for a transient short. But you need to get in and out very quickly and run tight stop losses or you'll get completely ruined.

$crypto$

legendary

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Smart is not enough, there must be skills

Bitcoin is already moving and I'm not likely to go back to $7,000 because this is a definite increase in things waiting for halving that will soon be happening.

News fud will not be affected by the price of bitcoin down again.
Bitcoin will soon be $10k Shocked

great. (maybe more)

12 days is more than half a day Cheesy

What is the highest bitcoin price after halving? let's prove it.

exstasie

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Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like.

The intraday drop from $8,000 is barely visible on the charts anymore. Tongue

8 hours later, the market tagged the $8,900s. Perfect example of why nobody should focus on intraday price action, like the hourly time frame. Too much noise, not enough signal!

akram143

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Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

Currently bitcoin is selling over $8500, so possible we are moving forward $10K level especially after the halving.Don't create fuds about dropping bck then only people will not be afraid to invest on cryptos in this pandemic condition.

UserU

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Quote from: TheBeardedBaby on April 29, 2020, 09:04:47 AM

I don't know what the OP is trying to say with that dropped right back at the moment BTC is breaking the roof and soon is ready for moon-lading.
No FUD can stop it!!

Strap in boys, we're eyeing the Lambo!

TheBeardedBaby

legendary

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₿uy / $ell ..oeleo ;(

I don't know what the OP is trying to say with that dropped right back at the moment BTC is breaking the roof and soon is ready for moon-lading.
No FUD can stop it!!

Brrrrrr brrrrrrr brrrrrrrr - that's not the sound of money printers printing inflation, this is the BTC rocket engines going to the moon and beyond.. With halving to the heaven

woowhooo!!

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