Topic: BTC rally of $9,000 ain’t enough? - page 2. (Read 594 times)
$9000 is just a number and it doesn't matter at all which number you choose. the only thing that could kick start the next rally is HOW price gets to that number. for example right now that we are at $7k price levels if price were to slowly creep to $9000+ over a couple of months then it won't start any kind of bull market or any FOMO. but bitcoin doesn't work like that, these rises specially when coming out of a undervalued price (ie reverse bubble) are happening fast and big. so if price goes from $7k to $9k in one day (which wouldn't be the first time) then easily kick starts the bull run and the FOMO begins that would bring the price up above $10k in the next day and by the end of the week market is in full on bull mode.
What we need to know is that there are big players who can pump suddenly, anything can happen as long as it hasn't changed to 2020.
Not impossible, speculation happens every day hoping that there is enough volume to dump and pump. The end of the year in my opinion is a crucial time to conduct transactions because there will be a lot of turmoil.
Not impossible, speculation happens every day hoping that there is enough volume to dump and pump. The end of the year in my opinion is a crucial time to conduct transactions because there will be a lot of turmoil.
I think it's quite difficult for bitcoin to reach $ 9,000 and I also think otherwise maybe until the end of this year bitcoin will continue to decline until the price of bitcoin becomes $ 6000. because in my opinion at the end of the year most people will choose to take a vacation and spend time with family. and rest from the world of cryptocurrency. and I think at the end of this year there is no news or something that can push the price of bitcoin to $ 9,000. bitcoin will remain at $ 7000 or drop to $ 6000.
Even a price run to $9,000 will not be enough to break Bitcoin out of its current bearish pattern, according to a popular analyst. Despite a positive start to 2019, the leading digital currency has spent the second half of 2019 in a sustained downtrend.
The descending trend line from the $13,000s is in the $9K area now, so the theory checks out. We need to break above $9K with authority before getting too bullish.
Even a price run to $9,000 will not be enough to break Bitcoin out of its current bearish pattern, according to a popular analyst. Despite a positive start to 2019, the leading digital currency has spent the second half of 2019 in a sustained downtrend.
After the first half of the year saw a rally that took prices to near $14,000, Bitcoin been setting a series of lower highs in recent months. This, according to widely accepted market analysis, is a defining characteristic of a bear market.
Click here to read the full news
Okay I just don’t know if this analyst is crazy or not?
I respect the fact that anyone can predict on what is going to happen with Bitcoin in the next hour, day, week or so.
Even that if it reaches $9,000 per BTC, it won’t be enough to “escape” from the bear market due to its bearish pattern. For me, either he could be right or wrong.
I just cannot say that I am going to agree with him or not, but anything can happen in a matter of time. There are analysts who claimed back then that Bitcoin could even go down further. But they’re proven wrong when $7.7k turned to almost $10k due to China’s pro-blockchain news before taking another nosedive.
I've read the article and seems the analyst has a good point tho. About the analyst claimed btc could go down but turned out the opposite way. I'm not surprised since the market is unpredictable and most of the time our expectations often turning the other side. One reason why I rarely believe on what I've read even if there's a back up on their claimed. After the first half of the year saw a rally that took prices to near $14,000, Bitcoin been setting a series of lower highs in recent months. This, according to widely accepted market analysis, is a defining characteristic of a bear market.
Click here to read the full news
Okay I just don’t know if this analyst is crazy or not?
I respect the fact that anyone can predict on what is going to happen with Bitcoin in the next hour, day, week or so.
Even that if it reaches $9,000 per BTC, it won’t be enough to “escape” from the bear market due to its bearish pattern. For me, either he could be right or wrong.
I just cannot say that I am going to agree with him or not, but anything can happen in a matter of time. There are analysts who claimed back then that Bitcoin could even go down further. But they’re proven wrong when $7.7k turned to almost $10k due to China’s pro-blockchain news before taking another nosedive.
He ain't crazy, if you will think $9k isn't enough to trigger the hype and erased the doubt of anyone that we are getting out of bear market.
Okay I just don’t know if this analyst is crazy or not?
I respect the fact that anyone can predict on what is going to happen with Bitcoin in the next hour, day, week or so.
Even that if it reaches $9,000 per BTC, it won’t be enough to “escape” from the bear market due to its bearish pattern. For me, either he could be right or wrong.
I just cannot say that I am going to agree with him or not, but anything can happen in a matter of time. There are analysts who claimed back then that Bitcoin could even go down further. But they’re proven wrong when $7.7k turned to almost $10k due to China’s pro-blockchain news before taking another nosedive.
After I studied deeper, it turns out that every movement of the chart is part of the market itself. Without me realizing that charts are the language of the market itself. Therefore sometimes most traders share their chart predictions rather than share news about a coin.
If we tried to listen to them( market analyst), we will be the ones who get crazy. We have only 2 weeks left before we end up this year but the market support isn't strong to think that we could able to surpass even $9,000. Its gonna be a Christmas bonus if we could make it... 
May our speculations are different and the fact that we can't get assurance for the possible result, there is no need to think that we are right or the others too. If the market will remain to be like this until next week, we can't expect that we can break through $9,000.
May our speculations are different and the fact that we can't get assurance for the possible result, there is no need to think that we are right or the others too. If the market will remain to be like this until next week, we can't expect that we can break through $9,000.
Anyone can give their prediction or speculation and be a self-proclaimed expert but believing them is another story. If you have been long enough, I think you will just ignore those "experts" and trust your instincts when it comes to deciding how you will invest in crypto. Most of the time, they are completely wrong with their predictions.
It is an analysis that is particularly free to do so, however, it is good to use those tools offered in TradingView as the Volume Profile, it gives an overview of what may be happening and where there is interest in the order of prices.
Of course it is a tool that varies according to the period chosen, be it weeks, days, hours, minutes, but it is a tool that can help, however the volume that can be observed gives us incredible information, in my case I use the Wyckoff's theory, and right now I'm using it in fractal at 4 hours, in the long run it's another story.
However, it can reach $ 9k, it is possible because it is a really unpredictable market, and many times analysts who talk about bearish movements end up happening otherwise, then it must be established that the market can move in many cases because of people's emotions , and the whales know this very well and place their bearish or bullish traps ... Hopefully this month for being from Xmas, the demand increases and is reflected in the price of Bitcoin with a good bullish rally.
Of course it is a tool that varies according to the period chosen, be it weeks, days, hours, minutes, but it is a tool that can help, however the volume that can be observed gives us incredible information, in my case I use the Wyckoff's theory, and right now I'm using it in fractal at 4 hours, in the long run it's another story.
However, it can reach $ 9k, it is possible because it is a really unpredictable market, and many times analysts who talk about bearish movements end up happening otherwise, then it must be established that the market can move in many cases because of people's emotions , and the whales know this very well and place their bearish or bullish traps ... Hopefully this month for being from Xmas, the demand increases and is reflected in the price of Bitcoin with a good bullish rally.
The price is now at $7,128. 61. I want to say that with the way price has locked on the $7k area since this month, it might remain like that and won't break the $9,000 till 2020. It has been a bear time that has taken a lot but price isn't increasing.
bitcoin is very difficult to predict, maybe your opinion that bitcoin will finish the end of the year will still be in the range of $ 7K and will not move or exceed up to $ 9K. but I might not agree because in October it also happened when bitcoin fell to $ 7K, which only took three days to break through $ 9K. December is still half a month away and the possibility of anything that can happen, can penetrate $ 9K or even down. but need to be optimistic about an increase in bitcoin.
Well i think he is just making his thoughts just known like anybody else but that does not really affect what will really happen to bitcoin as nobody knows. The market will always decide about that. However, it would be very gracious to sell of some bitcoins for this Christmas at a rate of $9K other than $7K 
I think the pro will just bounce around in a range such as $7000 to $10,000 until there is a reason for the value to increase significantly. I think that time will be the halving in May 2020.
Okay I just don’t know if this analyst is crazy or not?
He is crazy but more likely a permabear. For some people the glass is always half empty.
You can see that he's biased by the way he talks about it. It's in a bear market because it had a series of lower highs IN THE RECENT MONTHS.
What about the last few years? Since 2018 we had a clear bear market that reached a stalemate at 6000 and then went into capitulation at 3000 dollars. After that it went into consolidation that many people took for a reversal and another bull market. It created this short overbuy and now price is returning to the mean at 7 thousand. It can become oversold again and go to 6 for a while but that's it.
I never thought we will still be at this price zone, looking at all the major price predictions from the expert that we were headed to $100k, although this was John McAfee's stronghold, as it stands now it seems expert are once again bearish after their speculations fail to come through.
They can see that this year will end at a lower price so it looks like everyone of them became bearish lately and the other known experts are predicting for 2020 with another positive speculation. I remember those predictions earlier this year to become positive and when the end of year is approaching, they started to change their ways and be quiet.No matter what happen in 2020, these prediction experts will just do the same. They'll predict another higher price and if it's looking to fail, they'll just pass it on for the next year. And telling that we're still bearish, he wants to end seeing bitcoin on $7k but we're still up since the start of 2019.
I never thought we will still be at this price zone, looking at all the major price predictions from the expert that we were headed to $100k, although this was John McAfee's stronghold, as it stands now it seems expert are once again bearish after their speculations fail to come through.
Bitcoin is indeed a lot of fun, this can be seen by the number of speculators or whatever its name predicts about bitcoin. although predictions made are not always true and even tend to be inconsequential, there are still many who are happy to hear that prediction. especially if it comes to say that there will be a very sharp increase, added many are happy. I don't really believe in predictions that bitcoin will be up to $ 100K, it's too difficult to imagine that this could happen. I just hope that bitcoin can still benefit many people.
With the holiday season fast approaching I don' think it'll reach the $9k mark at the end of the year. Most holders will definitely sell what they own so it'll be more supply than the demand in my point of view. Hope we'll get some positive rates at the beginning of 2020.
I never thought we will still be at this price zone, looking at all the major price predictions from the expert that we were headed to $100k, although this was John McAfee's stronghold, as it stands now it seems expert are once again bearish after their speculations fail to come through.
The price is now at $7,128. 61. I want to say that with the way price has locked on the $7k area since this month, it might remain like that and won't break the $9,000 till 2020. It has been a bear time that has taken a lot but price isn't increasing.
Let me share my thoughts here about bitcoin price prediction really it will be difficult job to predict Bitcoin price what will be in coming days at this situation because there are so many negative talks coming from China about crypto currencies and other part of world from few weeks ago it impacts bitcoin price drop significantly from $10k to $7K, and same thing will continue to some more days and I hope that next year will great for all crypto users because there are loat of crypto experts given positive talk about bitcoin price prediction and bull market market.
Let's see first if we can break the $9k barrier prior to the end of the year. The thing is that we have seen many times in the past that we thought we're already in the bullish/bearish pattern, however, the market moves in the opposite direction. Which only means that the market price is really hard to predict, no matter what this so called experts are telling us.
not possible to have $9k price by year end. unless we all sell that high. it may even go below $6800 tomorrow because it seem to break the support. if $6500 will also be breaks then expect the $3k. jesus, no christmas this year. the popular analyst is right this bearish pattern will once again try to break the $3k support. lucky are the ones who figured to exit at $9,000.
I also do not believe that it can reach $9000 at this point of time we are barely 15 days before the end of the year and I don't see big news that will have an impact on the price to go up to that level, but we have seen how the price moves with just one whale or group of whales, but it's a good way to end the year if we can reach $9000 before the year ends.
Bitcoin prices would probably remain low till February or till the Chinese new year. Can't expect anything above $8K on that time. But it would start to increase after that as bitcoin nears the next halving. I believe bitcoin price would be well above $10K around may 2020.
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