Topic: Bitcoin start to rebound? Next Target $8.6K? - page 2. (Read 304 times)

Eh, maybe--but there's no way to tell, is there?

I checked the price a few hours ago and it was above $8200 which was nice to see, but now it's dropped back somewhat.  I really don't see anything going on in the price movement that would indicate a trend.  This is just normal market fluctuations we're seeing.  Bitcoin would probably have to shoot past $8500 and maintain some kind of level above that before we know something's happening for real.

Sure, that's exactly what day traders do and it works until it doesn't work.  Just be careful if you're betting on fluctuations, because bitcoin does have a tendency to surprise everyone and begin to move in crazy directions very quickly. 

I'm a buy-and-hold kind of guy, so I won't be attempting to time the market.  I'm happy just accumulating some coin right now.

Amazing how many articles are written. Bitcoin stalls, doubts arising, could be, should be, unlikely, growth and etc. all this in a very short timespan. A few hours later all these articles are worthless and irrelevant.

There are many speculations what ever the BTC will go up or down. And no-one can say without a doubt that you should buy or sell. What I can say is just try to look at news about the crypto you want to buy or sell. In your case BTC. So there is no good answer, because 50 percent of the people will say sell, and 50 percent will say buy. Anyway, In my opinion we are approaching resistance on the weekly RSI, if we can manage to push through this we could have a shot at the mid to upper $8,000 and hopefully some more great short opportunities.

Most of us are bullish!


Its price keep bouncing up when it touches $8k to $8,300 this will actually give you profit if the price just keep doing it for weeks. If you can just make a good timing when to sell and when to buy at least you can grow your BTC by scalping every time it retraces back to its resistance. I'd be doing it when it hit the new target at $8.6.

Actually, I was ready for the bear run, as I am seeing the bear prediction everywhere and last year, this time the crypto market had a huge dump. But BTC at 8200 USD rebounds giving me a strength to believe that the bear run is not here to come again and Now, I am thinking that Bitcoin can go down at 7K USD, but the bear market won't come this year!

The price of bitcoin stands above $8200 at present, and we don't know how long this growth will get continued. Today the price of bitcoin has grown to $8280. Now what we see with the price seems to make a bull trend on the market through the continued circulation of the bitcoin. Somehow we can get good profit if we maintain patience.

Some analysis make sense but the real game here is patience, unless our target is for short term then we should look closely at the market movements and considering every possibilities. History might not really coincide with the future but it can also serve as a good reference.

If you are one of those people who think Bitcoin will rise sharply in the coming months because the Bitcoin halving is coming, you are wrong We usually notice the rise after, ... long after. Look what happened during the last halvings.

Back in 2016, there was a little buzz too, which raised the price a bit a month or 2 before. But then what happened next? I'm going to tell you: nothing important, the price even failed. It took several months to see a clear and sharp rise. It also took almost 2 years to see an ATH.

Check out back in 2013, you will surely see the same behavior...

I suppose we can assume a floor has been hit. Its the Q4 and bitcoin is nearing its halving so I'd expect a rebound sooner or later. Price shouldn't drop from 7500$ or lower by my estimates (imo). Although I don't expect it to go past 8500$ for the rest of the week at the very least. I'd expect a sideways movement slowly going upwards, and by the end of the year, reach its highest and slowly bound down until the halving in May.

Actually the rebound is great because we were about to make a death crossover on daily chart and this bullish move has just suspended this which means the price action will take support at MA200 and then we will be going upwards. I think if we stay here for a day or two we will be going up to 8600 until the end of this week which can be good target to look at. Moreover I think it's still difficult to say that we are completely out of the danger of bear run.

Technical Analysis: Bitcoin start to rebound? Next Target $8.6K?


Since the Mid of July 2019, the Bitcoin price have been sidelined from it’s 2019 highest price at $13,000. Start from there, the price slowly drop to $10,000 on September. Most recently the price go down at $8,000. Many investors have asking where is the floor and when Bitcoin will start to rebound?

Still some of the market analyst are calling for another 25% drop to $6,000, which is where a number of traders believe the cryptocurrency market will find an ultimate bottom before a multi-year bull market.

But there is trusted evidence suggesting that the 1st cryptocurrency will soon reverse rebound.

Mohit Sorout, Market analyst at Bitazu Capital, noted that a number of Bitcoin indicators are reaching an inflection point, which he believes is where BTC’s price will finally bounce. “[The] Relative Strength Index, positive Directional Indicator, and negative Directional Indicator all have to reset to an important horizontal level,” he argued before adding that “such levels have only one job: to turn the BTC price around.”

Click here for the full graphs https://maishince.online/technical-analysis-bitcoin-start-to-rebound-next-target-8-2k/

According to another veiw from Analyst in Tradingview (Mr AlanMaster) suggesting that the Bitcoin are in rebound phase and estimate price can go high up to $8,600.

In his comment, he are assuring that Bitcoin are showing reversal signals.

He added in that ” Price now moving above EMA10 and gaining momentum. If this movement continue, we can expect Bitcoin to hit $8,088 easily followed by $8,200 .

“The $7,800 – $7,900 is where we can find string support. If prices move lower, this will be very important level ” said him in the comment.

Details in here guys : https://maishince.online/technical-analysis-bitcoin-start-to-rebound-next-target-8-2k/


What do you think?

Is it we already found the floor and Bitcoin will start to rebound?