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Topic: BTC rally of $9,000 ain’t enough? - page 3. (Read 594 times)

legendary
Activity: 3416
Merit: 1225
December 15, 2019, 12:36:21 PM
#5
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.
legendary
Activity: 3178
Merit: 1054
December 15, 2019, 12:32:36 PM
#4
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 break 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.
legendary
Activity: 3528
Merit: 7005
Top Crypto Casino
December 15, 2019, 12:32:21 PM
#3
Okay I just don’t know if this analyst is crazy or not?
I don't think he's crazy, but I don't agree with his opinion about the "what if" part of bitcoin going to $9k.  If it were to do that tomorrow, that would be incredibly bullish and bitcoin would likely end up much higher than where it started in 2019.  It looks like it's going to do that anyway, but it would be some sweet icing on the cake.

He did mention that bitcoin is up a lot from the start of the year, and it's good to keep that in mind when looking at where bitcoin's price is now.  Even hovering around $7k, it's still higher than the $3200 range that it was at in January.  Never mind the fact that it popped up to $13k, just draw a straight line from Jan. to Dec. of this year and that'll put things in perspective.

Let's see first if we can break the $9k barrier prior to the end of the year.
Uh, yeah.  That probably isn't going to happen in the couple weeks we have left, especially not with the price dropping a couple hundred dollars in the past two days or so.
hero member
Activity: 2660
Merit: 551
December 15, 2019, 12:17:23 PM
#2
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.
hero member
Activity: 2282
Merit: 659
Looking for gigs
December 15, 2019, 12:13:58 PM
#1
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.
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