Bitcoin Stable At $11K – Altcoins In Green: The Calm Before The Strorm?

naikturun

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Quote from: romero121 on August 18, 2020, 11:11:29 AM

The market isn't able to keep up the resistance above $12000. The price right now has fallen low to $12000, and upon this I believe bitcoin to have high stability above $11000. Maybe through this week we can see the price of bitcoin to fluctuate between $11800 - $12500. Altcoins in the top order hasn't pumped high. Every year end there'll good increase in the price of bitcoin. Upon the same there is high chance of reaching $15000 or above.

I agree, this week bitcoin is in the resistance 11000 -11800.
not sure if it will last long, some say it will fall deeper if the market situation does not improve.
but what I see will continue to survive or will go back up to 12000+.

justdimin

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Quote from: Natalim on August 21, 2020, 01:35:20 AM

Quote from: rdbase on July 31, 2020, 08:24:34 AM

Some were saying it rose all the way up to $11.450 but not any further than that. Sad

It rose $12,000 already, but it dump again, and now we can clearly say that it's stable at $11,000 as currently bitcoin is trading at $11800.

That 12 thousand jump basically showed the hands of the traders. It showed that there are people who are willing to buy and make the price go over 12k, however there are people who do not want it to go above 12k or maybe just want it but the price reached to a point where they want to sell it and make a profit.

So, that basically shows what the situation is at around these prices, anything under 11.5k and buyers are stronger, anything above 12k the sellers are stronger, eventually this will change and there will be a lot of people who will basically overcome the other side and we are going to see some sort of situation where price will eventually either go down under 11.5k or go over 12k to make the price a lot different, but that will just take some time.

Kemarit

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Quote from: Natalim on August 21, 2020, 01:35:20 AM

Quote from: rdbase on July 31, 2020, 08:24:34 AM

Some were saying it rose all the way up to $11.450 but not any further than that. Sad

It rose $12,000 already, but it dump again, and now we can clearly say that it's stable at $11,000 as currently bitcoin is trading at $11800.

Quote from: rdbase on July 31, 2020, 08:24:34 AM

It does look stable at $11,000 and won't dip below this until the next pump up comes with maybe a tweet from a celebrity or another fork happening. Grin

I don't think that would still create some hype in the market, people are smarter now, they want real progress than a simple hype.

Right, a simple tweet won't sway smart investors, maybe some noobs, but for those who knows how to read the market, they are not going to bite on that tweet. On the contrary, it could hurt the market in the long run because we don't want to see bitcoin going on an artificial pump.

The rally is not over yet, but I'm seeing another week for the price to remain in the $11,000 zone before we see another break out.

STT

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Just recovering the 2 day average now after being weak before the weekend. Overall its just drifting, we probably have to just consider monthly, 50 day and beyond to take action more seriously then repeating a previous range. It needs to be beyond 11800 here for some time, probably over a day to be threatening anything new to happen. Failing to achieve this much is something to watch, a lower high could mean we lead into further action downwards its not clearly negative so far.

Natalim

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Quote from: rdbase on July 31, 2020, 08:24:34 AM

Some were saying it rose all the way up to $11.450 but not any further than that. Sad

It rose $12,000 already, but it dump again, and now we can clearly say that it's stable at $11,000 as currently bitcoin is trading at $11800.

Quote from: rdbase on July 31, 2020, 08:24:34 AM

It does look stable at $11,000 and won't dip below this until the next pump up comes with maybe a tweet from a celebrity or another fork happening. Grin

I don't think that would still create some hype in the market, people are smarter now, they want real progress than a simple hype.

Lanatsa

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Quote from: Silberman on August 20, 2020, 11:57:37 AM

Quote from: rodskee on August 13, 2020, 09:48:29 PM

Quote from: reliable on August 12, 2020, 05:03:13 AM

Quote from: Silberman on August 11, 2020, 01:39:39 PM

Bulls have tried to make the price to go above 12,000 during the last week and they have failed on their attempts and this can become problematic because as we know bitcoin has a tendency to move down really rapidly and if whales decide that they have obtained enough money out of this movement they can easily crash the price in a matter of hours, however it is my opinion that there is still some strength left in the current movement and that we are bound to eventually break that barrier.

There is a good buying happening again and market which had fallen till 11150$ has started to rebounce and now at 11550$. It was just a temporary phase where some whale might have sold it. SO those who had bought at lower levels would sell again at high to make some profit bookings. Should see again somewhere near 12k price range in coming days.

It's now moving to $11,771. That dip dive makes those weak holders to lose their money,
nature of bitcoin being volatile.
It's a must to understand that if you are not willing to take the risk, the chance of losing
your money is very high.
Good thing here, the barrier is still at $11k, and again it's forming a good support. Maybe it's
another attempt to rise up and break $12k.

The 12,000 resistance level is proving to be very difficult to break, during the days before we saw the price above that but then the bears were able to make the price to make a pullback and now were making another attempt at trying to break that price for good, it is going to be very interesting to see how the price of bitcoin moves during the next days, if the resistance level that we are seeing keeps holding up then we may need a few weeks for the bulls to accumulate enough strength to break that level.

Do we still remember on what our words when the price is still hovering below 5 digit price? We do keep saying that it is really hard to break 10k barrier and we have stagnant for too long.

It wasnt really an easy run yet there would be always a sell-off point.We cant just expect that the price will shoot up on continuous basis and there would be walls along the way.

For now lets just utilize these pullbacks for us to re-enter or buy cheaper and make profits when it do increase its price.

Silberman

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Quote from: rodskee on August 13, 2020, 09:48:29 PM

Quote from: reliable on August 12, 2020, 05:03:13 AM

Quote from: Silberman on August 11, 2020, 01:39:39 PM

Bulls have tried to make the price to go above 12,000 during the last week and they have failed on their attempts and this can become problematic because as we know bitcoin has a tendency to move down really rapidly and if whales decide that they have obtained enough money out of this movement they can easily crash the price in a matter of hours, however it is my opinion that there is still some strength left in the current movement and that we are bound to eventually break that barrier.

There is a good buying happening again and market which had fallen till 11150$ has started to rebounce and now at 11550$. It was just a temporary phase where some whale might have sold it. SO those who had bought at lower levels would sell again at high to make some profit bookings. Should see again somewhere near 12k price range in coming days.

It's now moving to $11,771. That dip dive makes those weak holders to lose their money,
nature of bitcoin being volatile.
It's a must to understand that if you are not willing to take the risk, the chance of losing
your money is very high.
Good thing here, the barrier is still at $11k, and again it's forming a good support. Maybe it's
another attempt to rise up and break $12k.

The 12,000 resistance level is proving to be very difficult to break, during the days before we saw the price above that but then the bears were able to make the price to make a pullback and now were making another attempt at trying to break that price for good, it is going to be very interesting to see how the price of bitcoin moves during the next days, if the resistance level that we are seeing keeps holding up then we may need a few weeks for the bulls to accumulate enough strength to break that level.

Savemore

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Quote from: ?? on ??

Quote from: romero121 on August 18, 2020, 11:11:29 AM

The market isn't able to keep up the resistance above $12000. The price right now has fallen low to $12000, and upon this I believe bitcoin to have high stability above $11000. Maybe through this week we can see the price of bitcoin to fluctuate between $11800 - $12500. Altcoins in the top order hasn't pumped high. Every year end there'll good increase in the price of bitcoin. Upon the same there is high chance of reaching $15000 or above.

We do not need to worry on seeing prices unable to hold above $12,000 levels. It must be just another usual correction which do happen following immediately after every sharp spike. So, in my opinion market is not stable at the same time market is still stronger toward $15k which may happen by end of this month as well. Altcoins are this time following bitcoin markets.

I do see only very few altcoins got ability to trade against bitcoin's corrections. Totally this correction will lead to another rally which may get us into a new ATH since May 2019.

The market make a big move yesterday that leads the price of the bitcoin to surpass and break its resistance at $12k, the good thing is the price is now holding above that level with huge volume telling there will be a monstrous move that may happen again. I actually regretted my yesterday's decision because I take profit because I thought that the price will bounce in the resistance. That's okay with me because it is a new knowledge and experience that I can use in order for me to maximize my gains and lessen the losses.

We should expect that there will be a correction that may happen because there is no such a cryptocurrencies that go up like a elevator without retest or the correction. For the bounce players, try to get positions when the price managed to reach the support level.

romero121

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The market isn't able to keep up the resistance above $12000. The price right now has fallen low to $12000, and upon this I believe bitcoin to have high stability above $11000. Maybe through this week we can see the price of bitcoin to fluctuate between $11800 - $12500. Altcoins in the top order hasn't pumped high. Every year end there'll good increase in the price of bitcoin. Upon the same there is high chance of reaching $15000 or above.

milewilda

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Quote from: btc_angela on August 17, 2020, 06:44:07 PM

Quote from: beerlover on August 16, 2020, 02:25:05 PM

The price is definitely at around close to $12k right now and that is actually quite good as well because that small drop to around $11.4k levels scared some people off but seeing that the world of crypto is still standing strong and still pushing $12k like it is the great resistance point it is, I feel like it is definitely going to change a lot of things.

Above $12k, it will be interesting if we can maintain in this level.

Quote from: beerlover on August 16, 2020, 02:25:05 PM

Finally correction happened and people are still bullish about it, I feel like it will definitely do something bigger in the near future, hopefully that would be soon but if it is not soon it will be in 2020 for sure, could be late November or early December before we reach above $15k and even $20k levels finally. That is all my prediction via the fact that people didn't allow bitcoin to fall with the correction.

Right, with all the bullish news we have, we can see the price swinging around $15k++ at the end of the year. This is definitely a good year for bitcoin, despite the pandemic around, we have that halving that really push the price in my opinion.

Is halving the main reason why we pushed this far in terms of price? We had just break 10k 11k and 12k barrier but this recent resistance is still questionable if it would able to sustain or would really be just
correct itself and playing in 11k levels.Its really good to see that price had able to hold even it isnt still passed 24 hours but it seems it will surely be tanking on above 12k. Next stop? 13k will be the target but
it would really be just too fast if we do break that level in a matter of days. if it does then we would probably seeing 20k usd ath for this year and that would really be a great year for Bitcoin.
We had been moving sideways or somewhat static market for couple of years and this time around is a different one.

btc_angela

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Quote from: beerlover on August 16, 2020, 02:25:05 PM

The price is definitely at around close to $12k right now and that is actually quite good as well because that small drop to around $11.4k levels scared some people off but seeing that the world of crypto is still standing strong and still pushing $12k like it is the great resistance point it is, I feel like it is definitely going to change a lot of things.

Above $12k, it will be interesting if we can maintain in this level.

Quote from: beerlover on August 16, 2020, 02:25:05 PM

Finally correction happened and people are still bullish about it, I feel like it will definitely do something bigger in the near future, hopefully that would be soon but if it is not soon it will be in 2020 for sure, could be late November or early December before we reach above $15k and even $20k levels finally. That is all my prediction via the fact that people didn't allow bitcoin to fall with the correction.

Right, with all the bullish news we have, we can see the price swinging around $15k++ at the end of the year. This is definitely a good year for bitcoin, despite the pandemic around, we have that halving that really push the price in my opinion.

SquallLeonhart

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There is really no storm, there is nothing going on, there is just calm and calm and calm without anything in between. I was expecting the same thing as you, I was expecting a calm before the storm and there would be something bigger in the end, like a price fall to $8k or an increase to $15k or something, that would have made sense as well, nobody could say that it would have been unthinkable, it would have been proper and understandable, however that didn't happen.

Now I changed my decision and now I am expecting bitcoin to actually not do anything, I am expecting it to actually stay still and not move too much, that way we would all know that little day traders or leverage traders will make their profits but long term investors would have to be patient once again for any move towards higher levels.

Mahanton

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Quote from: beerlover on August 16, 2020, 02:25:05 PM

The price is definitely at around close to $12k right now and that is actually quite good as well because that small drop to around $11.4k levels scared some people off but seeing that the world of crypto is still standing strong and still pushing $12k like it is the great resistance point it is, I feel like it is definitely going to change a lot of things.

Finally correction happened and people are still bullish about it, I feel like it will definitely do something bigger in the near future, hopefully that would be soon but if it is not soon it will be in 2020 for sure, could be late November or early December before we reach above $15k and even $20k levels finally. That is all my prediction via the fact that people didn't allow bitcoin to fall with the correction.

When it comes to correction talks then i dont really care much of it since you can simply buyback when the time comes and also market would neither push through or would correct itself.
We cant just see for it to continue to rise since it wont really be considered as a healthy market.
For 2020 and if this kind of gradual price movement then we can possibly hit up 20k of this year but still not an assurance and as mentioned or said by others that this will really be a bumpy ride.
Its just good to see that prices are starting to increase and this is where most people been waiting for after all a long time on moving sideways movement.

beerlover

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The price is definitely at around close to $12k right now and that is actually quite good as well because that small drop to around $11.4k levels scared some people off but seeing that the world of crypto is still standing strong and still pushing $12k like it is the great resistance point it is, I feel like it is definitely going to change a lot of things.

Finally correction happened and people are still bullish about it, I feel like it will definitely do something bigger in the near future, hopefully that would be soon but if it is not soon it will be in 2020 for sure, could be late November or early December before we reach above $15k and even $20k levels finally. That is all my prediction via the fact that people didn't allow bitcoin to fall with the correction.

Eugenar

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Quote from: fabiorem on July 31, 2020, 09:48:30 AM

In my view, bitcoin should stay in this level for some time, between 11k and 13k, for stabilization, then resume the way up.

Somewhat valid. If the market value will be continuously rising, it is more likely to be followed by a huge dump. So maybe, if the increase will be gradual, the chance for a correction to occur will be lessen. But since this is an unpredictable market, no one knows what would happen next. But let us all hope things will be in favor for this market in general. The current market price is quite showing a resistance at the $12k mark and the market price could go crazy upon breaking this mark.

Yamifoud

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The current market events seem to be a positive impact despite of the global economic crisis. People never think about the risk in crypto but they consider this as an opportunity for them to survive and actually they are right. It was observed that it have a negative impact on the market price during the first quarter as the pandemic hits us but people ain't that desperate enough to quite, instead, they are wise to choose to buy crypto.

We are very closed to $12k, and anytime soon we can reach it. Maybe this time we can say that we are stable at $11k but I've been confident that it will never stay that level for so long and we can move forward if the resistance level will keep rising.
I just see it...

lepbagong

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Quote from: reliable on August 12, 2020, 05:03:13 AM

Quote from: Silberman on August 11, 2020, 01:39:39 PM

Bulls have tried to make the price to go above 12,000 during the last week and they have failed on their attempts and this can become problematic because as we know bitcoin has a tendency to move down really rapidly and if whales decide that they have obtained enough money out of this movement they can easily crash the price in a matter of hours, however it is my opinion that there is still some strength left in the current movement and that we are bound to eventually break that barrier.

There is a good buying happening again and market which had fallen till 11150$ has started to rebounce and now at 11550$. It was just a temporary phase where some whale might have sold it. SO those who had bought at lower levels would sell again at high to make some profit bookings. Should see again somewhere near 12k price range in coming days.

It's just a matter of time for bitcoin to continue to penetrate $ 12k, because bitcoin has done several times but indeed the momentum to remain stable in the $ 12K range has not yet gained, but soon it will be achieved even over and will continue to reach the point of up to $ 15K.

it takes patience for it to happen well, we are just waiting for the time that has already been seen several times.
be patient and be patient that bitcoin will be able to do that.

bitgolden

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Quote from: davinchi on August 14, 2020, 01:34:34 PM

Bitcoin people are optimistic about what bitcoin can do during a pandemic or even just any crash in the economy, that is the reason why I love bitcoin so much and other people do as well, we are quite optimistic about bitcoin no matter what happens in the world.

People are always making assumptions and I hate that, you couldn't known that, if you could have you would have tens of millions of dollars and wouldn't be here trying to tell people stuff, you would be surfing in hawaii by now. However people love to just make up stuff and tell them some assumptions and just act like they know everything and when they fail they create an excuse why it didn't worked out, well obviously it wouldn't, you didn't consider everything and when it failed your excuse is literally something you should have looked out for. It is just not fair, right now we are basically all sucked into this new "bull" run but the price went up and got stuck as it is tradition with bitcoin, I can't say if we are going to go up or down but it is definitely not going to be easy that is for sure.

davinchi

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Bitcoin people are optimistic about what bitcoin can do during a pandemic or even just any crash in the economy, that is the reason why I love bitcoin so much and other people do as well, we are quite optimistic about bitcoin no matter what happens in the world. Oh millions of people were infected with a deadly virus and hundreds of thousands of people died?

Well, that is alright we will just break over our year to date price and become the best recovering investment of the year. That is something you will not find everywhere, that is why I think it is quite important to actually focus on what we can achieve instead of focusing on if this is a temporary increase or a permanent one. Since even if price eventually goes down, that still doesn't mean it will not go back up one day, it totally will, if it doesn't break over $12k today, it will do that one day.

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Quote from: reliable on August 12, 2020, 05:03:13 AM

Quote from: Silberman on August 11, 2020, 01:39:39 PM

Bulls have tried to make the price to go above 12,000 during the last week and they have failed on their attempts and this can become problematic because as we know bitcoin has a tendency to move down really rapidly and if whales decide that they have obtained enough money out of this movement they can easily crash the price in a matter of hours, however it is my opinion that there is still some strength left in the current movement and that we are bound to eventually break that barrier.

There is a good buying happening again and market which had fallen till 11150$ has started to rebounce and now at 11550$. It was just a temporary phase where some whale might have sold it. SO those who had bought at lower levels would sell again at high to make some profit bookings. Should see again somewhere near 12k price range in coming days.

It's now moving to $11,771. That dip dive makes those weak holders to lose their money,
nature of bitcoin being volatile.
It's a must to understand that if you are not willing to take the risk, the chance of losing
your money is very high.
Good thing here, the barrier is still at $11k, and again it's forming a good support. Maybe it's
another attempt to rise up and break $12k.

Topic: Bitcoin Stable At $11K – Altcoins In Green: The Calm Before The Strorm? (Read 543 times)