Topic: BTC inching toward 12 K again. (Read 266 times)
We can never tell what will really happen in bitcoin in the future. Yeah maybe it is a trap but it is also depend on us especially on investors that will invest again with bitcoin. I think most big investors already sell their bitcoin because theu've already profited with their capital the last ATH's, that's why they sell it already for their own good.
We are really going to hit that 20k soon. I am still hodling all my coins and looking to hit 20k.
Getting strong everyday. Bitcoin cash is also has same potential too.
Getting strong everyday. Bitcoin cash is also has same potential too.
for now I am expecting more of a stable price with some sideway action just like before and based on bitcoin price history this can continue another week until we reach next month. in February we can expect some proper price action and the rises to begin. the mempool has also started clearing up which may also be a sign of spam attack stopping to make everything ready for the next month rise.
Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?
The price will probably be very stable between $10,000 and $13,000 for some time, the charts are showing that at the moment. I do not even know what to expect anymore since the entire market is fucked up. But it is not a bull trap at the moment.Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?
It is not a bull trap, and this is not another dip. Just have some patience, you all know how volatile bitcoin is, and this kind of situations are normal in here. It might be touching $12000 by tomorrow, but during the next week, it will be over $15k.
The Bitcoin's movement is very slow these recent days. I wonder how would these affect the psychology of the investors, will they still hold more bitcoins, is Bitcoin still a good investment option?
It is not a bull trap, and this is not another dip. Just have some patience, you all know how volatile bitcoin is, and this kind of situations are normal in here. It might be touching $12000 by tomorrow, but during the next week, it will be over $15k.
. Yes this is not a bull trap, indeed bitcoin is gaining some strength to soar again. so need patience on it and dont eagerly , much better to buy now and hold if you want to gain more profits when the price jump again suddenly. 
The price is going to go up, there is a lot of time left for that.. So do not expect to see quick rises in just a few days from now, but you need to understand that there is a lot of manipulation on the entire market right now.
It will start going up soon, but it will take more than weeks to see it happening.
It will start going up soon, but it will take more than weeks to see it happening.
bitcoin price may not "rocket to the moon" for now but at the same time there is no reason for it to drop any more.
right now it is the recovery after the big drop and we still have not reached the normal level which is above $14000. it first needs to get there, have some consolidation and then start rising fast like before. it may take until next month though.
right now it is the recovery after the big drop and we still have not reached the normal level which is above $14000. it first needs to get there, have some consolidation and then start rising fast like before. it may take until next month though.
Exactly, it's hard to rocket to the moon again when you may already be on the moon or close to it. But why would it crash again? Regulation is a huge concern right now, yes. But just because China bans miners, Indonesia bans bitcoin trading have not deserved to drop the price so much.
We're in the recovery phase right now... Bitcoin has been panic sold, and whenever there is FUD people are quick to turn in and sell, which is exactly what we saw a week ago. And what always happens after the FUD is over? Markets rise and everything is fine again, bulls come again.
Investors are still undecided, thus the price floating around aimlessly right now. But eventually, the projectory will turn upwards.
Drops can come in due to many unexpected reasons. All it takes is one big investor to pull out and people's speculation to create a drop. FUD follows, people get out of bitcoin, and the price drops immensely until people decide it's time to buy due to the value being so low. I agree that we are in a recovery phase, and that it's possible that the price can go up, but I don't know if that's the first path bitcoin will take. We'll need to wait and see for a bit longer.
bitcoin price may not "rocket to the moon" for now but at the same time there is no reason for it to drop any more.
right now it is the recovery after the big drop and we still have not reached the normal level which is above $14000. it first needs to get there, have some consolidation and then start rising fast like before. it may take until next month though.
right now it is the recovery after the big drop and we still have not reached the normal level which is above $14000. it first needs to get there, have some consolidation and then start rising fast like before. it may take until next month though.
Since there's no other reason for the price to drop, then it's experiencing a steady rise after having recovered from the recent drop. Unless some good news about bitcoin will come out, perhaps it won't go to the moon just yet. It's still at the current support level and the price may stay steady at this level for now. The price as it is right now is not so bad, and it will surely rise in the future.
Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?
Bitcoin is know for it volatility in price and of which I agree with you that the dip which happened is just a bull trap before the fire up of bitcoin again. Besides, if you check the current market status you will see that bitcoin is really strong at the $11,500-$12,000 price range. Despite the fact that the cap market are closed for the weekend and this shows that the market will bullish when it working days.Buy now before it too late
bitcoin price may not "rocket to the moon" for now but at the same time there is no reason for it to drop any more.
right now it is the recovery after the big drop and we still have not reached the normal level which is above $14000. it first needs to get there, have some consolidation and then start rising fast like before. it may take until next month though.
right now it is the recovery after the big drop and we still have not reached the normal level which is above $14000. it first needs to get there, have some consolidation and then start rising fast like before. it may take until next month though.
Exactly, it's hard to rocket to the moon again when you may already be on the moon or close to it. But why would it crash again? Regulation is a huge concern right now, yes. But just because China bans miners, Indonesia bans bitcoin trading have not deserved to drop the price so much.
We're in the recovery phase right now... Bitcoin has been panic sold, and whenever there is FUD people are quick to turn in and sell, which is exactly what we saw a week ago. And what always happens after the FUD is over? Markets rise and everything is fine again, bulls come again.
Investors are still undecided, thus the price floating around aimlessly right now. But eventually, the projectory will turn upwards.
as you said, price is inching towards $12k at the moment and despite breaking it, it still can not hold it because there are bears that need to fall into some of the traps before we can start our bull run properly.
with bitcoin you will never know these things. right now it seems like the whales are accumulating but there are still opposing forces and we are not yet out of January.
long term i am expecting bitcoin to start shining in February and put everything behind but the time until then is unclear. probably some side way action.
with bitcoin you will never know these things. right now it seems like the whales are accumulating but there are still opposing forces and we are not yet out of January.
long term i am expecting bitcoin to start shining in February and put everything behind but the time until then is unclear. probably some side way action.
Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?
We've went up to around $13k before going down a bit again. So for me it's clearly a sign of the bull market that is coming up. This pullback is only normal but the price is still up around 20% from the year low of $9500 or thereabouts.
There is still doubt within the market about whether this is going to be a legit pump or just a trap for bulls. And it's not that much of a dump anyways.
Seeing right now, i think it's safe to say that the support level is still at around $11k, up from $10k just a few days ago which is good news. The next pump should shift the support from $11k up to $12k, and the price may go up to $14k+.
It is sort of over the price won't fall again to $9k the reason was because of rumour but btc is going to suffer for the next weeks but alts are easily going to outperform it. If you looking for short term profit do go with btc invest in any alt instead , btc will take time to reach $20k again but don't expect any sale anytime soon.
Even alt coins are performing well, I believe it will not impact bitcoin's progress in any means. Bitcoin will follow its own growth as usual and I'm expecting bitcoin to test again $20k price levels before the end of this month and we can expect any new all time high price levels in next month.Like you have mentioned, I am also not expecting any corrections in between time as we have already seen enough corrections in last three weeks. As per 100 days moving average technical analysis, a strong bull run is about to start and we can expect with that run, bitcoin prices to test all time new high price levels.
Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?
Hard to say but based on the current price movement, its now below 12K after making 13K a few hours ago. I guess its another perfect time to get if the price continues to go down in the next couple of hours. Be ready with your funds guys.
Such volatile market, if you have heart problems, I'm sure that you will have issues later when you suddenly see the price going down again. lol. Too early to call so I advise just to observe how things will pan out specially in the next 24 hours.
And then we can say that this is another bull trap, unless otherwise we see the price going green.
bitcoin price may not "rocket to the moon" for now but at the same time there is no reason for it to drop any more.
I hope It won't. A slow growth is less speculative and aplways better than multiple thousand growth per week. A reason for another dump can be found always ata ny time but now BTC seems more confident. I realy hope that BTC wont rise "like before" this time.Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?
The support level is $8k to $9k, approximately. Was tested and bounced up sharply. We are in standard territory.
When news media stops to pump stories about Bitcoin fall, you will see this coin rising up again. What is a big deal, a lot of peoples take risk of profit, but other ones cry because of loses.
Another bull trap? No way, for me, this is just another bullish trend and we just need to wait a little bit longer until the price consolidates.
This is just my opinnion, but everything is fine at the moment, i can not understand why are you so worried about the price.
The price does not means anything.
This is just my opinnion, but everything is fine at the moment, i can not understand why are you so worried about the price.
Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?
The price does not means anything.
It is sort of over the price won't fall again to $9k the reason was because of rumour but btc is going to suffer for the next weeks but alts are easily going to outperform it. If you looking for short term profit do go with btc invest in any alt instead , btc will take time to reach $20k again but don't expect any sale anytime soon.
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