Bitcoin unable to breach the $8000 milestone

exstasie

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Quote from: leowonderful on June 13, 2019, 11:26:39 AM

Litecoin's been performing very well recently not only against USD but also on the LTC/BTC pair. From what I can see on Bitcoinwisdom.io, the pair peaked at 0.01776 on Binance yesterday with the movement largely starting on the 5th of June from 0.013BTC. Seems like BTC is somewhat slowly following LTC up, though LTC's since declined a bit from the peak at Binance. Looking good for Bitcoin so far as we're right up against $8200 and buying pressure should take us right over and beyond soon. Still bullish for the short term and long term as well.

Litecoin has been leading this rally, as counter-intuitive as it seems. This is the halving pump; rewards are set to decrease in early August. It looks like we'll keep pumping into the halving event, then probably dump, based on history. I imagine Bitcoin will keep getting dragged higher. I think $10K-11K and $12K-13K are the interesting zones to watch for reversal.

leowonderful

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Bitcoin FTW!

Litecoin's been performing very well recently not only against USD but also on the LTC/BTC pair. From what I can see on Bitcoinwisdom.io, the pair peaked at 0.01776 on Binance yesterday with the movement largely starting on the 5th of June from 0.013BTC. Seems like BTC is somewhat slowly following LTC up, though LTC's since declined a bit from the peak at Binance. Looking good for Bitcoin so far as we're right up against $8200 and buying pressure should take us right over and beyond soon. Still bullish for the short term and long term as well.

buwaytress

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See guys? OP especially. We're back where we were (and a little higher) just shy of 30 days from your post.

Not quite sure where the alts are moving now though, they're definitely not all at the same spot from a month ago. As usual, Bitcoin dictates where the rest of crypto goes.

Going to be interesting to see the next few months when more bad news comes for economies everywhere.

Of course, this isn't anywhere a guarantee that we'll move on. For all we know this is just the start of a multi-year "narrow" range between 3k and 10k haha!

rdluffy

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I really thought that 8k would be easy to reach and only when hits 10k we would have some difficulty to maintain, but 8k is here to stay Grin

But I keep my plan, I just bought some Litecoin planning to have some gain in BTC

Herbert2020

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Quote from: exstasie on June 13, 2019, 02:29:34 AM

Quote from: adaseb on June 13, 2019, 01:38:37 AM

I actually entered a short which I got stopped at a few hours ago because it looked like $8000 milestone was getting severe rejections. And looking now it seems that $8000 is most likely going to be very strong support.

I think we might get dragged down by the $8325 or so right shoulder but in the past every head and should pattern didnt work out. So I have a feeling we might touch $9K again and if we break it then $9.5K is in the works. Then the huge psychological barrier at 10K.

Too many people are banking on the H&S pattern. Everybody and their grandmother is expecting it. I too think we are going to grind upwards here and eventually squeeze into another FOMO cycle. After 2+ weeks of sideways, I think we'll at least spike through $10K. The $12K+ area is looking tasty at this point. We just need to invalidate this H&S and then the squeeze begins.

although i agree with this but i still think $10k is going to be very challenging. the current price level is nothing important. we are just passing by with the current side ways and some accumulation going on. the bigger challenge awaits us when price reaches the next psychological barrier which was also previously a rather strong buy support to be broken during the fall in 2018.

exstasie

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Quote from: adaseb on June 13, 2019, 01:38:37 AM

I actually entered a short which I got stopped at a few hours ago because it looked like $8000 milestone was getting severe rejections. And looking now it seems that $8000 is most likely going to be very strong support.

I think we might get dragged down by the $8325 or so right shoulder but in the past every head and should pattern didnt work out. So I have a feeling we might touch $9K again and if we break it then $9.5K is in the works. Then the huge psychological barrier at 10K.

Too many people are banking on the H&S pattern. Everybody and their grandmother is expecting it. I too think we are going to grind upwards here and eventually squeeze into another FOMO cycle. After 2+ weeks of sideways, I think we'll at least spike through $10K. The $12K+ area is looking tasty at this point. We just need to invalidate this H&S and then the squeeze begins.

adaseb

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I actually entered a short which I got stopped at a few hours ago because it looked like $8000 milestone was getting severe rejections. And looking now it seems that $8000 is most likely going to be very strong support.

I think we might get dragged down by the $8325 or so right shoulder but in the past every head and should pattern didnt work out. So I have a feeling we might touch $9K again and if we break it then $9.5K is in the works. Then the huge psychological barrier at 10K.

Caladonian

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Quote from: darewaller on June 12, 2019, 01:50:15 AM

Well, we at least saw how it was able to breach the 8 thousand milestone. We are not at a place where 8 thousand dollars is a "drop" and not an increase which makes me feel amazing. The price needs to drop in order to back to 8 thousand dollars. We were at around 3 thousands and 4 thousands just a few months ago and from November to April we lived between 3-4 thousand dollars, now 8 thousand dollars was seemed like "unable to breach" and we even breached that.

All of this tells me that there is no price bitcoin is too difficult to break, we can break any price and we can reach to 10+ thousand dollars easily, I am not saying we are going to be a million dollars (we will one day in the future for sure) but all of these close numbers is quite possible from now on.

I agree, there's no certainty that it can breaks out and move higher than what we are expecting right away but it's showing its strong grounds after
reaching this value, some downfalls has been felt previously but manage to comes up solid and reach back to 8k$ state.

If more people will adopt this investment currency, sooner or later we will see more movements and the price will rise high again.

Cherylstar86

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Quote from: Duzter on June 12, 2019, 07:22:28 PM

Quote from: STT on June 12, 2019, 06:51:04 PM

Its not usually the flat number thats is that important, here its more 8200 then 8000 area. We are repeatedly hitting this as the top end of a range or box enclosing trading for a while -

I would guess on a bullish outcome while we stay above the yellow line in this graph which is about the monthly moving average, its fairly strong in underlying previous lows hence I think its likely bought now till 8200 proves itself to be a certain top not just an area of profit taking

Well said, and hitting the price within limited range will make that particular point have high resistance. This too has got the potential to take the price of bitcoin go high from this point. Even at times of downtrend in the market it'll be hard to fall back low to $8000. Possibly the end of June can conclude about the further moves of the market.

I believe bitcoin will abruptly breach out the desiring peak, maybe by next month and beyond it will totally exceed with consistent growth. Perhaps, its current value has shown potential growth that break $8k in the few days.

Duzter

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Quote from: STT on June 12, 2019, 06:51:04 PM

Its not usually the flat number thats is that important, here its more 8200 then 8000 area. We are repeatedly hitting this as the top end of a range or box enclosing trading for a while -

I would guess on a bullish outcome while we stay above the yellow line in this graph which is about the monthly moving average, its fairly strong in underlying previous lows hence I think its likely bought now till 8200 proves itself to be a certain top not just an area of profit taking

Well said, and hitting the price within limited range will make that particular point have high resistance. This too has got the potential to take the price of bitcoin go high from this point. Even at times of downtrend in the market it'll be hard to fall back low to $8000. Possibly the end of June can conclude about the further moves of the market.

STT

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Its not usually the flat number thats is that important, here its more 8200 then 8000 area. We are repeatedly hitting this as the top end of a range or box enclosing trading for a while -

I would guess on a bullish outcome while we stay above the yellow line in this graph which is about the monthly moving average, its fairly strong in underlying previous lows hence I think its likely bought now till 8200 proves itself to be a certain top not just an area of profit taking

darewaller

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Well, we at least saw how it was able to breach the 8 thousand milestone. We are not at a place where 8 thousand dollars is a "drop" and not an increase which makes me feel amazing. The price needs to drop in order to back to 8 thousand dollars. We were at around 3 thousands and 4 thousands just a few months ago and from November to April we lived between 3-4 thousand dollars, now 8 thousand dollars was seemed like "unable to breach" and we even breached that.

All of this tells me that there is no price bitcoin is too difficult to break, we can break any price and we can reach to 10+ thousand dollars easily, I am not saying we are going to be a million dollars (we will one day in the future for sure) but all of these close numbers is quite possible from now on.

Herbert2020

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Quote from: Distinctin on June 07, 2019, 12:21:19 AM

Quote from: STT on June 04, 2019, 06:55:54 PM

Quote from: CryptoCashMan on June 04, 2019, 09:20:14 AM

So, after a very short-lived pseudo breakthrough, we are back to 8000 again.
I told you guys, 8000 is a very tough nut to crack.

I think I noted 8500 as a tough level but it got to 9000 which I guess is typical, maybe its like a speedbump it passes over but is slowed before then reversing.

My take right now is bearish until we can confirm above the 8000 area on a 4hr bar say, ie closing out above or testing 8000 and rising would be bullish

I'll rejoice if we will be back at $8000 again, we are struggling now, but I'm not losing the faith that it's again possible to reach that level, despite market shows a little bearish trend, but bulls are still bigger as it was able to penetrate well this year already, we will be back up again soon, let's just trust.

this is not a "struggle" anymore, the actual struggle was happening when price was below $4000 and it was very hard to break it because investors were scared and mostly undecided about the short term price and most of them were greedy enough to want to wait.
but now that we are already on the rise and have gone up more than 100% in a very short time, this here is called a short term correction and accumulation before the next leg up.

MidnightWolf

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I think it’s a waste of time to demand some kind of proof from someone. These are all stupid words that no one can confirm with real facts. Each user of cryptocurrency that is somehow involved in this activity is likely to express either their opinion and their desire, but no more. Nevertheless, since the beginning of 2019, we saw the real state of affairs in the cryptocurrency market, and the best peak of pricing in April and May of this year.

asriloni

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Quote from: imstillthebest on June 04, 2019, 08:57:02 PM

Bitcoin is known to be a high volatile type coin and its also prone to manipulation and other deadly factors that can potentially affects its price , by that , how dare you expect that bitcoin could succesively increase and pump up to 8k usd easily ? It might not increase contiously but its still possible for bitcoin to reach the 8k usd milestone that you are talking about on the latter stages .

Were you living under a rock? I'm feeling curious about how long you didn't even watch the bitcoin chart? Bitcoin was almost touching 9k in the last week. I suggest you to get back to your manager and tell him if you don't use your internet properly to get the latest news about that. it looks so pathetic to see that.
Please, tell me your proof. Roll Eyes

Distinctin

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Quote from: STT on June 04, 2019, 06:55:54 PM

Quote from: CryptoCashMan on June 04, 2019, 09:20:14 AM

So, after a very short-lived pseudo breakthrough, we are back to 8000 again.
I told you guys, 8000 is a very tough nut to crack.

I think I noted 8500 as a tough level but it got to 9000 which I guess is typical, maybe its like a speedbump it passes over but is slowed before then reversing.

My take right now is bearish until we can confirm above the 8000 area on a 4hr bar say, ie closing out above or testing 8000 and rising would be bullish

I'll rejoice if we will be back at $8000 again, we are struggling now, but I'm not losing the faith that it's again possible to reach that level, despite market shows a little bearish trend, but bulls are still bigger as it was able to penetrate well this year already, we will be back up again soon, let's just trust.

WinslowIII

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Quote from: imstillthebest on June 04, 2019, 08:57:02 PM

Bitcoin is known to be a high volatile type coin and its also prone to manipulation and other deadly factors that can potentially affects its price , by that , how dare you expect that bitcoin could succesively increase and pump up to 8k usd easily ? It might not increase contiously but its still possible for bitcoin to reach the 8k usd milestone that you are talking about on the latter stages .

How dare you! lmao, you are a fucking idiot.

imstillthebest

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Bitcoin is known to be a high volatile type coin and its also prone to manipulation and other deadly factors that can potentially affects its price , by that , how dare you expect that bitcoin could succesively increase and pump up to 8k usd easily ? It might not increase contiously but its still possible for bitcoin to reach the 8k usd milestone that you are talking about on the latter stages .

STT

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Quote from: CryptoCashMan on June 04, 2019, 09:20:14 AM

So, after a very short-lived pseudo breakthrough, we are back to 8000 again.
I told you guys, 8000 is a very tough nut to crack.

I think I noted 8500 as a tough level but it got to 9000 which I guess is typical, maybe its like a speedbump it passes over but is slowed before then reversing.

My take right now is bearish until we can confirm above the 8000 area on a 4hr bar say, ie closing out above or testing 8000 and rising would be bullish

nydiacaskey01

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Bitcoin reached and passed $8,000 level to as high as $8,790 USD for 11 days but unfortunately, it is down to $7,800 USD as of yesterday and continues to go down as I type to $7,600. This price movement is understandable and this did not happen only at this point in time in the history of Bitcoin where price dropped 13% in just 11 days.

Topic: Bitcoin unable to breach the $8000 milestone (Read 11284 times)