BTC rally has paused - page 2. | Bitcointalksearch.org

Naida_BR

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Quote from: mahilchii on April 28, 2020, 05:27:39 PM

After some great performance over past week BTCs rally has stopped which means it is struggling to go over $7.8, while most of the analyst revealed the price will reach till 10k if the rally continues like.

The resistance looks like the value may go till 8k or it will drop under 7k, however we have to hold our assets and wait for few more days.
https://www.coindesk.com/bitcoin-rally-pauses-near-7-8k-after-longest-winning-run-in-8-months

I thought that Bitcoin is not going to go close to 9k - not even so fast.
However, the resistance of 8k was broken and it reached this level. Now, it is nearly 9k - there is a lot of resistance at this level, already 2 days and we are on 8.8k but as the halving event is coming I think that the price is going to go a little more higher.

monineklutak

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Quote from: mahilchii on April 28, 2020, 05:27:39 PM

After some great performance over past week BTCs rally has stopped which means it is struggling to go over $7.8, while most of the analyst revealed the price will reach till 10k if the rally continues like.

The resistance looks like the value may go till 8k or it will drop under 7k, however we have to hold our assets and wait for few more days.
https://www.coindesk.com/bitcoin-rally-pauses-near-7-8k-after-longest-winning-run-in-8-months

Have you already bought Bitcoin when at $ 7,000? if you buy it, of course you can feel the benefits now, an increase of $ 2000 will make you get a lot of money with just 1 day, hopefully resistance at $ 8900 can be passed, because the current tren line resistance is there

BrewMaster

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There is trouble abrewing

what many people don't realize or maybe they have forgotten is that price was already on the rise and price was above $10k before the world economy started falling apart and caused a lot of fear that led to bitcoin also dropping.
so all those who say they are surprised about this current price should really take another look at the charts before COVID-19 and see where we were. it is not even that long ago.

DevilSlayer

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The longer the consolidation, the higher the rally or the parabolic move that may happen. It is good to see that the price of the bitcoin manage to breakout in a dynamic resistance which is the 100 MA that also indicating a major resistance. As long as the price stay above the 100 MA we should expect that it is a sign of bullish and there will be a continuation.

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Quote from: freedomgo on May 01, 2020, 07:18:16 AM

What would expect, bitcoin to pump until it reach its ATH?

And what else will those who experience BTC as a pump/dump scheme expect? They obviously expect the price to go up by $1000 every day, and that it will be repeated every day until it reaches their imaginary price. What they completely overlook is the fact that price is a product of supply and demand, and that some people sell while others buy.

Quote from: Janation on May 01, 2020, 08:11:37 AM

It did surpassed the price of $7K and right now conquering $8K and might reach $9K this week.
I think it would reach $9K this week

Looks like you didn't actually wake up, and you certainly haven't looked at any price data these days. I see on some exchanges $9500+ yesterday, and even today price is very close to this level.

https://coinmarketcap.com/currencies/bitcoin/historical-data/

Janation

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It did surpassed the price of $7K and right now conquering $8K and might reach $9K this week.

I think it would reach $9K this week, I don't know what is happening but I think people are acknowledging the presence of having and its future effects in the price of Bitcoin. It is also said to might have a correction before the halving but the price is continuously going upwards, and I think that might continue at the gate of $10K.

freedomgo

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What would expect, bitcoin to pump until it reach its ATH? That is not healthy, it needs time to reach that far so that movement will not be called just a FOMO again. Bitcoin touched $9K already before it fall, that's big enough, and in fact bitcoin again touched $9k now, and let's hope this will bring another uptrend.

shoreno

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Quote from: tbterryboy on May 01, 2020, 07:01:27 AM

What kind of "pausing" is this? Right now the price is over $8.8k, how the hell is that any pausing? ......
.......

there is no such thing as paused but btc never stops moving . it could be higher and if not then it would be decreasing . the price did not pause earlier but it did fell down . the rally was disrupted there but i believe the price can recover again and continue to break the 10k usd levels . i did check the price or my btc wallet and im happy with it despite of the recent drop . that would be better than no increase at all . atleast we can still somehow sell with some extra profit

tbterryboy

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What kind of "pausing" is this? Right now the price is over $8.8k, how the hell is that any pausing? I would understand the OP a bit because he wrote literally at the start of the rally so maybe he just didn't checked the prices before he wrote, but right now we are literally at the midway section of a rally, how the hell did none of you checked what the price is and wrote without checking it?

Bitcoin is doing fine, it would probably even go higher because there is no resistance that is closeby, which means bitcoin price realistically go over $10k as well, just has to push a bit harder but it is definitely easier compared to us going from 6.9k levels to 7.7k levels, that was harder than going above $9k from here on out. Hopefully some of you may check the price and be happy.

milewilda

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Quote from: mahilchii on April 28, 2020, 05:27:39 PM

After some great performance over past week BTCs rally has stopped which means it is struggling to go over $7.8, while most of the analyst revealed the price will reach till 10k if the rally continues like.

The resistance looks like the value may go till 8k or it will drop under 7k, however we have to hold our assets and wait for few more days.
https://www.coindesk.com/bitcoin-rally-pauses-near-7-8k-after-longest-winning-run-in-8-months

And it did break resistance yet we are almost hitting 9k price at the moment and these kind of movement behavior is just really a random thing.
Im not really into those analyst or what so called predictions by other people yet a simple technical analysis would already tell you on possible
paths on price might able to go it might not be precise but at least we do have our own basis rather.I dont know what you mean about pause
because price can tank from time to time and the next movement will really be in a matter of time.

exstasie

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Quote from: tokeweed on April 29, 2020, 12:24:54 PM

But seriously... Wtf is going on? Is this finally it..?

Some old school BTC bulls I follow (like zoinky and dmwardjr) think we've entered the next parabolic bull cycle already.

I'm a bit more conservative, sticking with this scenario as my preferred one until proven otherwise:

Quote from: exstasie on March 13, 2020, 04:37:21 AM

Quote from: thecodebear on April 29, 2020, 01:06:52 PM

Now the question is where does it go from here? Keep pumping over 9k or even over 10k? Or correct back down to hit that previous resistance zone in the high 7000s. My guess would be, even if it pushes significantly higher today or in the next couple of days, it'll at least touch back under 8000. But overall outlook is bullish, I think May will see 9000s and 10,000s.

There's a couple ways the triangle idea could play out:

We could see a shorter term (3-6 weeks maybe) bearish correction off $9K-$9,300 and then consolidate down to the $6K-$7K zone, before rallying to $10K-$11K to complete Wave (d).
The market could simply complete Wave (d) now into the halving, before experiencing a mid-term (multi-month) bearish correction.

BTC and the stock market are still moving in lockstep, so they will likely reverse together too.

thecodebear

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Quote from: tokeweed on April 29, 2020, 12:24:54 PM

This thread's title: 0

BTC rally: 1

But seriously... Wtf is going on? Is this finally it..?

I don't know what you mean by "it", but I mean I think this was fairly expected. It was pushing at resistance in the 7000s the past few days and it was either going to get rejected and head back to 7000 or break through it and do what Bitcoin normally does when it breaks though a resistance zone, shoot up, to well over 8000. It did that.

Now the question is where does it go from here? Keep pumping over 9k or even over 10k? Or correct back down to hit that previous resistance zone in the high 7000s. My guess would be, even if it pushes significantly higher today or in the next couple of days, it'll at least touch back under 8000. But overall outlook is bullish, I think May will see 9000s and 10,000s.

thecodebear

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On Coinbase Pro Bitcoin hit $8988 a few minutes ago, now it fell back to 8700s. Wouldn't be surprised to see it fall back to the previous resistance of high 7000s this week to touch back on that resistance/support zone. It might also push over 9000 today though. I sold my last bitcoin trade at 8930, now waiting for a drop back to mid-low 8000s or high 7000s to buy back in for next round of trades.

stompix

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Quote from: Harlot on April 29, 2020, 09:13:14 AM

Lol!!!!, just after the day of posting this Bitcoin suddenly rallied upwards up to 8,300$ which makes the author really not to be trusted with.

This happens with most predictions all the time, you finally think you saw the right price in a dream written on a leaf just between the unicorn legs, you rush t post a tweet or write a blog and by the time people start learning what you've written, it's already so wrong everyone is laughing at you!

If somebody would ask me right now what the price would be tomorrow I would say between 5k and 20k but I would still not be willing to bet my house on it.
Trying to predict the price with less than 5% spread, especially in the short term and in this time, when everything is a mess and base it on some Mayan secret analysis is the bulletproof way to make a clown out of yourself.
If you throw a wild prediction nobody would laugh at you but when you come with all those graphs and charts ....

Quote from: Harlot on April 29, 2020, 09:13:14 AM

I'm starting to think that this guy working for CoinDesk is something not to be trusted with since he is just making worthless post after post.

You're still in doubt?

Quote

Disclosure: The author holds no cryptocurrency at the time of writing.

Nocoiners are not to be trusted!!!!!!

tokeweed

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Life, Love and Laughter...

This thread's title: 0

BTC rally: 1

But seriously... Wtf is going on? Is this finally it..?

The Cryptovator

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Bitcoin now trading above $8.65K (Coinbase rate). Approx $300 bumped within 10 minutes I was checking price that time. I have doubts on BTC movement from last day until today. Although it's not new for bitcoin but likely halving FOMO is working. Still my mind don't allow to believe it as a real bump, otherwise might encounter small pull back from this zone. By the way, current movement of bitcoin has proved OP's thread title (LOL).

hahay

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On one occasion yesterday I told someone if at least 8k will be achieved in the near future and now we even see this increase is greater than imagined and also, I am sure this rally will continue to penetrate the next resistance, who would have thought this great recovery would occur in the midst of a pandemic and before the halving event because it will at least make a more significant increase.

ethereumhunter

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I guess bitcoin still rally to break another higher price, and right now, I am happy to see bitcoin finally can break $8k after we wait for a few days. But these situations still unpredicted because there is no sign of bitcoin that can still increase or not, so we need to be careful for more. We can prepare our money just in case there is a drop in the price so we can buy more bitcoin later. And now, it is better to enjoy our profit while we can before the price makes an adjustment of the price.

Harlot

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Lol!!!!, just after the day of posting this Bitcoin suddenly rallied upwards up to 8,300$ which makes the author really not to be trusted with. The author, Omkar Godbole, is actually the ones who thinks that the deflation that USD is facing is "good" for Bitcoin. I'm starting to think that this guy working for CoinDesk is something not to be trusted with since he is just making worthless post after post. This just proves that even writers with names are creating topics that can create panic to attract attention in the internet.

Oasisman

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It seems that the rally ain't stoppin at this very moment. Bitcoin is sitting at $8,100. Now, you set aside your worries about the rally because there might be an continuous upward movement that's going on.
This is going to sound bullish for the other people, specially now that there are only days away from the block halving.
This is also a sign that the pandemic has only made a minimal impact towards cryptocurrency.

Topic: BTC rally has paused - page 2. (Read 717 times)