Bitcoin Weekly Update: Bulls Last Stand - page 3.

bassbity

sr. member

Activity: 1092

Merit: 284

Quote from: NeuroticFish on November 19, 2019, 11:09:55 AM

Buyers seem to love the ~8000 price, there's still a chance for better.
And I'm more afraid of what could happen tomorrow than tonight.

I'm still optimistic however that it's temporary and will not go much lower.

Yes this will be temporary with the price of bitcoin not going too sharp, but I have backed up to buy the price of bitcoin at $ 7900 and it's the lowest price, there is also another news I don't care about that I'm looking forward to tonight a bit of an increase in bitcoin.

dunfida

legendary

Activity: 3108

Merit: 1138

Quote from: Reid on November 19, 2019, 10:43:20 AM

Is the pump really from China or is it just that too much FUD is being created?
I go that way. Too much FUD.

Look at this.
https://www.forbes.com/sites/billybambrough/2019/11/16/perhaps-google-will-kill-bitcoin-after-all/#3b8a71ee758f
I dont know if the writer is a bitcoin supporter or not because of this.

Quote

The bitcoin and cryptocurrency industry was spooked earlier this year by reports search giant Google had achieved so-called quantum supremacy, something that could potentially break bitcoin's cryptography (but likely won't).

I think he is the neutral space. It is just title to make it look more inviting.

Currently 8,080 usd price as of writing which its being trying to broke down this support for time being.We cant be sure if it would continue further or
we would see some bounce back.

I dont believe that kind of news for be the main reason why Bitcoins price is decreasing.People do really love to tie up things.

cryptoadvocate

jr. member

Activity: 112

Merit: 1

Quote from: beerlover on November 19, 2019, 11:31:11 AM

I think China will have some more say in this before the halving happens, they can't just let bitcoin die like that and they can't afford it to go down neither right now. We have to things ahead of us, one is halving which should mathematically increase the price but we will yet to see that, the other is china getting into bitcoin after years of being against it.

Now, both of those things are quite the bull stuff that could increase the price of bitcoin but they are never in the charts, how could you put "china used to hate bitcoin but loves it" into any chart? That is just news that we have to deal with personally and can't see it on any chart but that doesn't mean it is not real and it won't affect the price. So, I assume there will be much better things going on soon.

Why? Large miners benefit by smaller miners throwing in the towel and capitulating. One man's misfortune is another's opportunity

beerlover

legendary

Activity: 2842

Merit: 1152

I think China will have some more say in this before the halving happens, they can't just let bitcoin die like that and they can't afford it to go down neither right now. We have to things ahead of us, one is halving which should mathematically increase the price but we will yet to see that, the other is china getting into bitcoin after years of being against it.

Now, both of those things are quite the bull stuff that could increase the price of bitcoin but they are never in the charts, how could you put "china used to hate bitcoin but loves it" into any chart? That is just news that we have to deal with personally and can't see it on any chart but that doesn't mean it is not real and it won't affect the price. So, I assume there will be much better things going on soon.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Buyers seem to love the ~8000 price, there's still a chance for better.
And I'm more afraid of what could happen tomorrow than tonight.

I'm still optimistic however that it's temporary and will not go much lower.

cryptoadvocate

jr. member

Activity: 112

Merit: 1

If Bitcoin doesn't get back above 8250ish by close today, think mid 7k's incoming

LouVandetta

sr. member

Activity: 602

Merit: 253

Quote from: Kemarit on November 19, 2019, 06:53:15 AM

It did lost that support already? The price is way below $8300 now so I'm expecting that the bulls last stand will be $8000. Obviously if this is broken, the bulls will no longer have the upper hand and it will be very difficult to defend as the support is slowly crumbling with the pressures from the bears. What do you think though, will that $8000 support hold in the next couple of hours?

The price is below $8100 now by only a couple days the price dropped quite deep, so our last hope is that $8000 mark. If it reaches that mark, I'm afraid we're going to see another bloody hell market. I do hope the support could hold a bit longer and bounce back up in the next few hours but it might be the opposite as well.

And is it really because of that news about google few hours ago?! And everywhere I see is red on markets.

buwaytress

legendary

Activity: 2828

Merit: 3487

Join the world-leading crypto sportsbook NOW!

Oh come on, now. No need for hyperbole at 8000! If Bitcoin were down on its knees and staving off the vultures at 1k, okay sure, I'd probably go along with that kind of sensationalist headline. But we're not even back to last month's low yet, and we're still way above 150% of this year's low.

And you saw from 8500 there hasn't been any notable resistance to now. There wasn't a stand to even mention, bulls are just too lazy to form a charge.

Reid

hero member

Activity: 2912

Merit: 642

Is the pump really from China or is it just that too much FUD is being created?
I go that way. Too much FUD.

Look at this.
https://www.forbes.com/sites/billybambrough/2019/11/16/perhaps-google-will-kill-bitcoin-after-all/#3b8a71ee758f
I dont know if the writer is a bitcoin supporter or not because of this.

Quote

The bitcoin and cryptocurrency industry was spooked earlier this year by reports search giant Google had achieved so-called quantum supremacy, something that could potentially break bitcoin's cryptography (but likely won't).

I think he is the neutral space. It is just title to make it look more inviting.

Wexnident

hero member

Activity: 2506

Merit: 628

I don't take loans, ask for sig if I ever do.

Quote from: Kemarit on November 19, 2019, 06:53:15 AM

What do you think though, will that $8000 support hold in the next couple of hours?

Maybe in the next few hours it could. But it's honestly difficult to believe in the bulls right now. BTC dropped down from 9k slowly to 8.5k, and then dropped after a day or two from 8.5k to right now. Bearish season right now, and honestly, it doesn't show any hopes of pulling itself back. Doesn't mean that it wouldn't move on from the current bearish season after the year though.

Kemarit

legendary

Activity: 3080

Merit: 1353

It did lost that support already? The price is way below $8300 now so I'm expecting that the bulls last stand will be $8000. Obviously if this is broken, the bulls will no longer have the upper hand and it will be very difficult to defend as the support is slowly crumbling with the pressures from the bears. What do you think though, will that $8000 support hold in the next couple of hours?

cryptoadvocate

jr. member

Activity: 112

Merit: 1

Bitcoin has seen a slow bleed since the massive pump driven by news out of China. $8,300 is the top of the daily mid range and looks to be Bitcoin's last bullish support level after losing the former range high and the 50 day moving average. Full article here:

https://www.cryptoadvocate.net/post/bitcoin-weekly-update-11-17-2019

Topic: Bitcoin Weekly Update: Bulls Last Stand - page 3. (Read 348 times)