BTC Struggling to Reach Over 9K - page 4.

timerland

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Quote from: Elysian_ELY on April 23, 2018, 10:55:11 AM

https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team

There were indeed some strong resistance at $9k. BTC did test that level a few times before it finally breached it. It's not very surprising that after bitcoin hit $9k, it jumped to $9.2k straightaway, as that's what happens when a strong resistance tumbles. Markets tend to overshoot.

But now that it's crossed it, I think there is some serious hurdles to get through at near $10k. Personally, I can see a correction happening very soon despite the fact that the market sentiment seems incredibly bullish at the moment.

It just doesn't seem like this growth can be kept on for too long. I could be wrong, and bitcoin does hit $10k, in which case it'll probably go to at least $10500. But a correction is definitely due at this stage of the rally, so do be careful trying to flip for a quick profit in the short run.

Febo

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Quote from: Elysian_ELY on April 23, 2018, 10:55:11 AM

https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team

If many sell that is only healthy. Problem s when no one sells and they just hold since they are afraid price will go up and up and up as it happened a t end of last year, then price gained value fast. way to fast and it went way to high. This smaller price growths are way better and healthier.

buwaytress

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Quote from: motoprose on April 23, 2018, 07:50:23 PM

Just watched it live from go from $8940 reaching all the way up $9200 in less than 10 minutes while I was trading some alt coins.
What is going on now? Shocked

Aye indeed, woke up early today to this somewhat pleasant surprise, actually only thought to check as aome other coin I was selling had hit another high after months. Guessed it must have been Bitcoin influence and was right. Huge jump, considering the 9k resistance, my guess is Asian appetite just woke up and needed some satiating.

Timing couldn't be better for a sustained run to 11k to still make a typical spring renewal... now let's see if it holds for at least 24 hours.

Edwardard

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Quote from: motoprose on April 23, 2018, 07:50:23 PM

Just watched it live from go from $8940 reaching all the way up $9200 in less than 10 minutes while I was trading some alt coins.
What is going on now? Shocked

Expect the unexpected.

thecodebear

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Quote from: motoprose on April 23, 2018, 07:50:23 PM

Just watched it live from go from $8940 reaching all the way up $9200 in less than 10 minutes while I was trading some alt coins.
What is going on now? Shocked

Yup it has made the next jump up, as it has done a few times in the past two weeks.

motoprose

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Just watched it live from go from $8940 reaching all the way up $9200 in less than 10 minutes while I was trading some alt coins.
What is going on now? Shocked

ralle14

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Quote from: MintCondition on April 23, 2018, 06:45:14 PM

Quote from: lumeire on April 23, 2018, 06:23:09 PM

Let's just hope this breakout isn't an impending bull trap, because it kinda looks like one to me. Pretty skeptical about stuff but you can never be wrong being careful.

The slower the movement is, much better it seems for we might see a much stable price, let's just hope whales will not do cash out when it reach that amount.

Only time will tell if it's a trap or not. We could be experiencing the same thing as last year. The price is so stable during this time I think the price hovered around $1,000- $2,000 before it went upwards. This could be the last time we see Bitcoin below the $10k mark. The only person i'm worried about is the mt gox trustee that person might start dumping in the next few months.

MintCondition

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Quote from: lumeire on April 23, 2018, 06:23:09 PM

Let's just hope this breakout isn't an impending bull trap, because it kinda looks like one to me. Pretty skeptical about stuff but you can never be wrong being careful.

The slower the movement is, much better it seems for we might see a much stable price, let's just hope whales will not do cash out when it reach that amount.

lumeire

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Let's just hope this breakout isn't an impending bull trap, because it kinda looks like one to me. Pretty skeptical about stuff but you can never be wrong being careful.

cryptocue

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Quote from: Elysian_ELY on April 23, 2018, 10:55:11 AM

https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team

I dot think its because most of the people are tired of waiting for the $10k breakouts which is why most of the people have sold their coins with the current amount of bitcoin,because $10k is a psychological resistance that is why most of the people are going to sell at that point which is going to be a good timing to sell all of our coins.

babyaia

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Bitcoin will reach at least $9000k in the next day.I think the low price is cause by the negative news about bit coin.

nazaididuan1

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The recent market is not very good news, there is no bad news, this causes BTC price to stabilize!

BTC got some resistance around $8,900!

If you break through this resistance, it will soon rise to more than $10,000!

ivankoh

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Yes. It is true that BTC prices have rebounded during this time but we can see that their prices can not rise above $ 9,000. I just saw the speed of the BCH increase sharply. BTC may only reach that level and can not increase, perhaps because the BTC is now more competitive than other coin.

mangkanor

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Because most of the people are cashing out,selling their coin with these value really sucks which is why the bitcoin's resistance wont break because the resistances from these sellers are too much for the buyers that is why the price still dumping while we have strong bulls but it wont last for long as the bulls are going to be much bigger anytime from now.

Coin-1

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I am not astonished that BTC is struggling to reach over $9000. There are the resistance level, because the investors who bought Bitcoin for $20000 sell their crypto currency as soon as the first pumping occurs on the crypto exchange markets. Merely they are tired to wait for returning of the price to the high levels. I guess that BTC will slowly overcome $9000 in the near future in spite of this resistance.

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Quote from: Elysian_ELY on April 23, 2018, 10:55:11 AM

https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team

This shows that probably the resistance at $9K is very strong a pointer to that effect is that whenever the price enters that zone it retraces and again the same scenario repeat itself I am very optimistic that a positive fundamental news will break the resistance an possibly push up the price.

Liternyy

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we expect that the minimum price for bitcoin will reach 9,000 dollars, and we will be aggressive buyers at this level. We consider this level as the greatest opportunity to buy in 2018.

catapult

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Quote from: coolcoinz on April 23, 2018, 03:51:55 PM

When the value grows a lot in a week or 2 there are always people trying to take profit and sell and they usually use some round numbers like 8000 9000 and so on as their exit points. Such attitude creates psychological barriers at thich the price stops and the exchange takes place. People who had enough sell to take profit and newcomers buy to hold throughout the next stage. It's always like that, Bitcoin is not struggling, it's preparing to go up again.

I also think like that. According to my observations on the price charts, I think many traders have obsessions to 8000 - 9000 - 10000 levels.

I hope that we will see bitcoin's price much more higher in a near future.

ivrynx

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If you look at the charts in past few days, we might see that bitcoin is not breaching the 9000 usd msrk yet, but that doesn't mean that bitcoin will not go over 9000 usd again, this is the nature of the market, there is resistance and support, the support that we have now is arou f 8,500 -8,700 and the resistance is aboy 9000 usd, and once we break the resistance anothe bull run will take effect, I do not see the market struggling to break the 9000 usd, everything we see in the chart is now normal, a much morr stable price or movement for bitcoin, we should just assume that something is happening or believe in FUDs, always update yourself, there is always a reason for the chart movement.

Vannie12

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I think there is no reason to pressure the market. Slow growth definitely means it is healthy and every step is having a strong support. Instant growth is dangerous and risky for those new investors especially if they will be caught between the lines and just experienced FOMO at the time they invested.
Some people are just trying to pump it easy to earn quick bucks. Lest us just wait for more developments and along side with it is a growth that gives us good value of crypto coins.

Topic: BTC Struggling to Reach Over 9K - page 4. (Read 796 times)