Topic: Bitcoin unable to breach the $8000 milestone - page 3. (Read 11284 times)

8000 has been broken already...
This milestone is now a support and not a resistance level as I can see that the price moves around this and hard goes down or it get on a distance from it for a long period of time.

I am actually glad that it is flatlining for now. It means that the resistance is strong but bitcoin is still trying to break it. And it has not slipped so far that it won't recover for a long time. It gives me time to accumulate more bitcoin before it makes another push above 8K. I believe if this resistance is broken, it will shoot past 9K straight to 10.

5 days of "flatlining" and complaining? Hope the flash crash pleased you though because seems like we're back at trying to break down the doors here at 8k. Pretty amazing how it just slipped past 5k, 6k and 7k, completely ignoring that these were supposed to be strong levels of resistance.

What's really important for me, despite this failure to breach and stay above 8k? Just how quickly people turn on stability. Give them volatility and they cry stablecoin. Give them that and they cry stagnation.

I dom't think the price down at $4000 for now bitcoin still $8000 but bitcoin rise more than double of it's price since last quarter of 2018. It will rise above that value but takes time bitcoin needed because maybe investors are thinking right now if they invest more or not but I hope majority of them want to invest or don't have any doubt.  Let's need to wait 1 week more to see more than $8000 or it will reach $9000.

Lol before you posted this bitcoin had already reached the $8,400 value so what are you talking about flatlined?you should check the market seriously so you won’t be misleads
Nope that’s is not a barricade because we had already break that
We will see a above $8,000 or actually we did already but mooning?i don’t think so because the year is longer and the 2017 hype is very far to happen again

Its challenging 8000 again and because its Monday I figure its a replay of previous action, not a bad time to try a trade and watch if it can retrace previous weakness down to 7200 area.



Its just breaking above this blue line in this pic now on a bigger bar which lends power to the bullish take but it also makes it cheaper to short for the close of asia hours.

Short on weakness is my brief idea not stand in front of a freight train, I can wait while we check the difference 

I believed the resistance at $8K++ is very strong to break hence responsible for the pullback I don't think the price will retrace to $4K as speculated by OP the influx of more investors will thus push the price invaraibly break that strong  resistance for how long?  is a question that is not answerable now of course price will rally again despite all the recent bad news of hacked exchanges.

I read that some random trader placing order 5000 BTC with low value, also there are many trader bot that making massive sell.
For me, it's not problem at all because I'm long term investor.
So why you guys put your effort in short term while in long term, you still can get profit ?

Right now the price is at exactly $8,032.91 USD it is too early to say that we can reach a higher growth from this or another dip, But I guess there will be some resistance from $8200 mark and $8400 mark but I guess it is good for now, aside from the many hacks that had to happen the price is still strong and continues to prove us the trend of the bull market is really happening.

The price is making a good rally again and could touch $8k soon. I agree that we can go and breach $8k soon. We will re-test it and see if we can sustain because the last attempt was a failure that's why the price currently goes down that fast. So hopeful when we breach it again, the price will still move north and test $8.2-$8.4.

I don't think there is a high wall at the price of $8k, even yesterday the price had exceeded $8,000. but it fell again due to market play. I have no doubt believing that in the near term prices will definitely break $8000, I'm very confident about the current price movements. of course there will be a decrease several times, but it fall won't be too deep, maybe just a few percent, price wont down to $4000 again.

Well now we are in a correction stage, we just have to wait for it to happen, in fact I have always said that we are in a phase of accumulation where these movements are normal in the market, always taking into account all the variables, one of them is to lower or retreat, this time may go up in price since the accumulation phase allows it, since it is intended that the offer be eliminated totlamente and that as many bitcoins can be accumulated as possible, here comes into play what the StrongHands have planned, many times what they do is try offer at many price levels, this to try to buy bitcoins as cheap as possible, when they do not, they have to raise the price because they do not find offer at low prices, this usually happens in this type of phase, in fact the volatility is very large for this phase.

I think that $ 8k is a very round and attractive number for many speculators and investors, however it is necessary to take into account if the supply in less ranges has been finished, because otherwise reversals such as today's may occur and the market may be in uncertainty because many may panic or that they start to believe more and manage to put more money and raise the price, everything is in the possibilities or plans that have the MarketMakers since they are somehow the ones that move the market.

For now I do not think we are going to the Moon, because we are in a very large accumulation phase, it has to do a lot with starting to take the perspective for those who want to see the bitcoin or altcoins as a long-term investment, I stress in the long term because the phases of market accumulation are usually very long in time.

I agree. These dips will continue to happen at stages of $1000 and we will see $4000 again very soon.
Sell now, then buy back when the price crashes in order to multiply your coins.

The dip had a reason, see this:
https://bitcointalksearch.org/topic/m.51100331

Binance was the one which tasted the effects of that dump till $7k only and the other ones maybe less maybe more. But the dump took place at just one exchange - Bitstamp and it was so big it took BTC down to $6.2k

I do believe we're in for a correction here, maybe today or maybe a week later but we're definitely going to see a correction. I can't and won't predict any numbers here but I believe it'll be huge so that some of us gain the advantage of buying BTC back at cheap rates again.

in binance I just saw it fell to $7000, but the price is at $7050 and it's struggling to stay above $7000. which means that we can see the $ 6000 again at any time and maybe we'll be in the $6000 for a long time. the fact that no one knows the reason why the price went up a lot leaves some people very nervous about the future that the price is taking

See the graph below. The dip only lasted half an hour, but it was a $2000+ dip.
The screenshot below was taken several hours after the dip, so the highest value for the day has changed. It was $8315, not $8037.
Just because you didn't see the dump happening (probably because you were asleep at that time), doesn't mean it wasn't there.
And yes, now the price has recovered half way and is back to $7000, which is the new support level.
I see things slowly going down, with prolonged stops at $6000 and $5000 until we are back down to $4500.

https://i.postimg.cc/J4pk1Ntk/Untitled-1.jpg

I guess what he wants to say is in the image below:



You see that in the white arrow was the highest price, and the blue arrow was the lowest price. We already see the price dump too deep but I think not all people saw that moment because I think that is a flash dump that happened in the market.

I didn't see the dump to $6100, what I saw is just the dump to 7000.
Well, maybe because I was too busy today, I don't pay a lot attention with the market because I know this dump will not pursue.
And... I am right, we are back again at $7200, I would have panic if I saw that $6100, thanks God I was out today for family time.

HA, where did you see that, we have only lost $700, how did you come about $2000, which country are you and which exchange are you using?

If you see in the past few days, then you will be happy to know that Bitcoin was indeed increasing.
This maybe due to the Market cap or volume trade for which this happened.
But as of now compare to the past 24 hours, it's  11.2% down and continuing on decreasing.
So it's really unpredictable what will happen in the near future.
But still lets hope for the best.