Bitcoin unable to breach the $8000 milestone - page 5.

Mahanton

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Quote from: CryptoCashMan on May 15, 2019, 08:28:39 AM

We have been at around $8000 for two days already with minimal fluctuations. We have flatlined at that number.
The price of $8000 seems to be a huge barrier for Bitcoin.
What is going on? Should we expect Bitcoin to go above 8K and land on the Moon, or is there going to be a very serious and devastating dip down to $4000?
Discuss.

Don't rush up bud. Things wont really goes that way on what you are thinking.We might go to the moon but wont really be that fast and it would still
takes time.I would prefer on that way on having gradual increase rather than on a short big spike.

Tendency of dumps is inevitable so you should expect anytime for that thing to happen.Best thing here is that you should utilize these pumps
to make profits.Dont mind too much on breaking out the resistance of 8k.Be grateful that we do able to see this price once again.

WinslowIII

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And just like that, an hour or two later it's in the $8200s. This is going up way too fast, it has to stop at some point then it will have a big correction.

DeadCoin

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Quote from: CryptoCashMan on May 15, 2019, 08:28:39 AM

We have been at around $8000 for two days already with minimal fluctuations. We have flatlined at that number.
The price of $8000 seems to be a huge barrier for Bitcoin.
What is going on? Should we expect Bitcoin to go above 8K and land on the Moon, or is there going to be a very serious and devastating dip down to $4000?
Discuss.

Lets see. If $8000 travels between $7950 to $8050 for few more hours or 24 hours, then we can yes certainly expect a spike again moving to $9000 in another 48 hours. But if the value comes down to $7000, then yes, can expect a down fall to $5000 again in another 48 hours. Lets wait for another 5 more hours.

exstasie

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Quote from: fabiorem on May 15, 2019, 01:30:41 PM

Two days is not enough to say its "unable to breach".

Thats the problem with these shorters: they want bitcoin to rise very quick, so that they can cash out their profits in fiat as soon as possible.

Bitcoin is doing fine. The 8k level is stable. If it stays there for at least two weeks, the price can go easily to 10k.

Consolidating for two weeks here sounds like a dream come true. We'd establish huge support in the $8K area and would also accumulate lots of shorts to fuel the next wave up. After such a long sideways, we could definitely tag $10K and further. Altcoins would probably start mooning too with so much sideways.

I'm guessing that won't happen though. It looks like we'll break above the last local top in the next several hours.

dothebeats

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$8000 has been breached several times now and the price seems to be in autopilot as there hasn't been any aggressive pushes/pullbacks from either side of the market, just your normal volatility coming in to play. Also, a few days isn't a sufficient timeframe to call something over unless signs are very evident and is literally knocking on the front door. Of course, you can't expect the bulls to constantly keep the pace knowing how much money have been injected into bitcoin in just the past 6 weeks. Everything is fine for me, buy orders are evenly spread out with the sell orders not really making a dent on the overall market--unless someone crazy decides to dump hard instantly.

fabiorem

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Two days is not enough to say its "unable to breach".

Thats the problem with these shorters: they want bitcoin to rise very quick, so that they can cash out their profits in fiat as soon as possible.

Bitcoin is doing fine. The 8k level is stable. If it stays there for at least two weeks, the price can go easily to 10k.

Ayiranorea

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There will be price fluctuation when there is growth. In such a way the price fell low to $8000 and further the price has once again taken forward reaching near to $8100. Along with bitcoin there is also good growth with ethereum and other altcoins. In such a way the price fluctuation will continue and the price will possibly reach $10000+ before the falling month.

bitbunnny

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Quote from: Haunebu on May 15, 2019, 12:06:20 PM

What did you expect? BTC reaching $10K within a matter of hours? $20K next followed by $100K? Grow up people. We don't want to see an inorganic explosion like in 2017 which basically led to BTC collapsing and triggering a prolonged bear market.

Let it rise slowly and steadily in an organic manner.

Always the same story. Every time when the price starts to grow people start to dream about huge values of price and getting rich over night. Of course, in practice it doesn't function that way.
Bitcoin has crossed 8000$' but we can still see that price is fluctuating back and forth and probably will not touch 10000$ so soon as might expect. I think that we all lack a little bit more patience.

figmentofmyass

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it looks like a bullish sideways formation to me.

alt/BTC charts spiked strongly upwards as well. this is good. capital flowing back and forth between alts and BTC creates a bullish feedback loop that keeps BTC off the fiat ask side.

if we dump from here i'd probably plan to rebuy longs in the low $7000s range. this run isn't done yet. we're going over $9k methinks.

BrewMaster

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There is trouble abrewing

because bitcoin is not some pump and dump altcoin that can simply rise up 100000% in a short time just because the pumpers wanted it! even the FOMO that we saw has its limits and at some point in the market we reach that point where the fast rise slows down.

this here is partly because of FOMO buyers calming down a little, partly because the day traders are selling now to take their short term profit and get ready to buy back more with the excess money they just gained and partly because $8k is one of the smaller resistances before the major one at $10k.

Haunebu

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What did you expect? BTC reaching $10K within a matter of hours? $20K next followed by $100K? Grow up people. We don't want to see an inorganic explosion like in 2017 which basically led to BTC collapsing and triggering a prolonged bear market.

Let it rise slowly and steadily in an organic manner.

Ailmand

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I could see a positive future in the value of Bitcoin especially now that it had reached $8000. I'm not doubting that it could drop down anytime because it's actually recovering. It have been too low for over a year so I guess it's the perfect time for it to rise again.

ngusmin

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Bitcoin is recovering its value and won't fall again at the price of $ 4000. No need to worry like that, because bitcoin continues to grow and provides benefits.

Bagaji

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The value of bitcoin has already passed $8000 as at yesterday, though it could not sustain that momentum for a long time, despite the fact that it could not sustain that level but such a test of the peak is a good one for the market to move in an upward direction. I don't think that the recent decline will be sustain neither since the market is already moving in an upward trend.

Naida_BR

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Quote from: CryptoCashMan on May 15, 2019, 08:28:39 AM

We have been at around $8000 for two days already with minimal fluctuations. We have flatlined at that number.
The price of $8000 seems to be a huge barrier for Bitcoin.
What is going on? Should we expect Bitcoin to go above 8K and land on the Moon, or is there going to be a very serious and devastating dip down to $4000?
Discuss.

Even if we are finding a resistance in 8k it is a positive sign that I can see that investors have started to buy altcoins so the money that are invested in the market stays in there, and they do not cash out.
If we continue to move around 8k and stay near this price, then it will be about time to break the resistance and soar in higher levels.

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Quote from: rdluffy on May 15, 2019, 10:00:17 AM

These "barriers" are only psychological guys
No one know exactly about the price, this is not a exatcly science

I see people talking about future, charts, analysis, methods and none of these matters, it's lucky if they are right

You have to look for trends, people are optmistic now, no reason to have a barrier at 8k for example

Its all estimated the even if you use those indicators, it doesn't really much appear like exact. The $8k is somewhat like a sell wall but it only needs more bids for a breakout to happen. Often times whales are on it and if price stays too long on $8k, it will usually end up being dumped so you can assume that there will be dips after this.

CryptoCashMan

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Cool. If people are indeed optimistic, then in theory the trend should go up.
So let's hope the stagnation at $8000 will not last for too long then, because it has been two days already with no significant up or down movement, just a flat line. I am worried about what follows after the flat line, but your posts helped me find peace of mind.
Thanks, I will buy more BTC.

Adriano2010

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It can happen to not grow much more these days, but i think the bitcoin will not drop to 4000$ even if we can have some drop i think the grow will continue later, but for this we need to wait and to hold and get more.

rdluffy

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These "barriers" are only psychological guys
No one know exactly about the price, this is not a exatcly science

I see people talking about future, charts, analysis, methods and none of these matters, it's lucky if they are right

You have to look for trends, people are optmistic now, no reason to have a barrier at 8k for example

LeGaulois

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The price may look stagnating but it's only since 24h. We saw it growing so fast lately that now it doesn't you wonder what's going on. We're still around $8,000 currently. Waiting to see how the week is going. Besides this, zoom out and check the last 7 days. Give it some days at least, it's not like if the USD/BTC decreased by 20%

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