BTC Struggling to Reach Over 9K - page 5.

hurry_hore

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Quote from: Slow death on April 23, 2018, 12:31:43 PM

Quote from: First77 on April 23, 2018, 11:24:14 AM

0.1 Bitcoin = $850. Who can buy ??

when the price was $ 20,000, how would you think that we reach this price if no one was buying? and obviously many people are buying, this is because bitcoin are limited and there is a lot of demand and as the days, months and years pass more demand we will have and we will have little supply and this will cause the price to increase a lot, have a coffee and watch the markets.

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

we are not having big increases in the price because of regulation, just see this:

Central Bank Of Iran Bans Banks From Crypto Dealings

Macau Monetary Authority Issues Warning On Crypto Following Criminal Ties To ICO

these things are happening at the same time in many places, so this year will be different from the other years, the price will not increase and increase as in the past years.

I think technically had been analyzed that strong resistance is standing now on 9000 USD from previous 7000 USD and with the news you shared I believe it is inline. So here is my conclusion for both technical and fundamental analysis:
1. Technical analysis as now is entering long run bullish by try to cross MA 200,150,100 in value around 9000-9200 USD and this figures as strong resistance as said also by fibonacce.
2. Fundamental analysis by seeing the news of Iran Bank and Macau Monetary Authority, this prevent psychologically to buy BTC in the market with coincident to price at around 9000 USD. I think this news will not as big as entering of "Giant" people/group into cryptospace such as George Soros and others last several weeks then trend for bullish is still higher.
Combined together 2 above market is being tested their willingness to buy for next long run bullish of BTC price at least for 12.000 next resistance as new psychological value to ascending trend.

coolcoinz

legendary

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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.

Invest.Ort

newbie

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Yes! He again in uniform, a very good market now, it's time to take and buy more crypts!

Tyrantt

hero member

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Need some spare btc for a new PC

Quote from: Titanos on April 23, 2018, 02:42:20 PM

Struggling to reach 9K is better then struggling to reach 7K. I expect the price to reach 9k this week if it's not this night, let's just wait guys

Well there's, pretty much, nothing else we can do but wait. Grin

Rice will roll over $9,000, no doubt, it's just the matter of time. And as I've said, I believe that we'll see the price going up, up in mid may.

However, bitcoin is "struggling" to go over $9,000 as it did with $8,000 a month back.

DominRx

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Quote from: LFC_Bitcoin on April 23, 2018, 11:28:16 AM

Not sure what’s so special about $9,000 but there does seem to be a lot of resistance in that area. I still think we’ll breeze past $9,000 by the end of this week though.

The bitcoin will be $ 9,000 this week! But this is not the maximum price for a coin !! In my opinion, bitcoin will hit $ 30,000 this year

Titanos

full member

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Struggling to reach 9K is better then struggling to reach 7K. I expect the price to reach 9k this week if it's not this night, let's just wait guys

merchantofzeny

sr. member

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Patience is needed. Maybe some people really are itching to get some money out. Maybe we can still sell now and wait for the next plunge? Either way, either hold or if not, follow what they are doing.

hiwainmoto

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Unibright Token Launch - 10th April 2018

It struggles because most of the people wants to take their profits at $10k which make the resistances harder to break.The psychological resistance would be at $10k and $20k that is why most of the people wants to take the oppotunity to take their profits,as soon as bitcoin reaches these value there will be some corrections.

d_fitrie

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I also believe if bitcoin reaches 9k even more then at the end of this month or until next month, I hope big players also want the same thing for bitcoin increase because they also have constraints on it

askabir6

full member

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I am expecting that btc might overtake 9k barrier maybe next week or so. I really do believe in bitcoin and with bitcoin, we could have many money. So, buy more btc. Because for the fact that it will go up in no time Grin

markflayer

newbie

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May be. But I guess it is struggling to be double as it was few months ago.

Biscutard

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Quote from: chidrawarster on April 23, 2018, 11:13:23 AM

BTC will definitely just pass the 9k mark easily as the volatality supports my statement.If we are looking from short term point of view i wouldn't advise trading at this time as the buyers and sellers volume is equal and the price is struggling pretty hard to make some new highs.Just be patient and wait for the market to make some new highs and reap some short term profits or even long term profits as well.

It's just a matter of time before BTC reach that $9k and break the barrier that people are longing to see. We should just be happy that it rises a bit after its few downfall a couple of months ago. Sooner or later it will pass $9k and even higher than that, we will just wait for the big news to come to pump it up a little bit.

neymarjunior50

jr. member

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definitely btc hit again 9 k because now market is good all most coin gain prices. right now there is no bad news in the market so far i think spring bull all ready enter the market .

pedropendukot

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Streamity Decentralized cryptocurrency exchange

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

It only means that the big players doesnt want to push the market up that is why they are taking profits right now,sooner or later after these big players such as financial institutions like CME and Wallstreet are done selling the market will surely going to dump which is we need to take this opportunity to take profits.

timbereagle

hero member

Activity: 881

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ı think 9000-9050 usd will be breaked with high volume and we will shot to 9600-9700 levels. then it is easier to reach 12.000.
ı am really bullish on btc but we need high volume to break resistance

tora

member

Activity: 532

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I am using funds to still buy into cryptos before market fully recovers. Most coins are still well below their peak so if you believe they can reach that again then now is still a good opportunity to buy.

AK47-

sr. member

Activity: 644

Merit: 250

It has been hovering around 8600-9000$. It did surpass the 9000$ mark too in between but falls right after it touches that. The only positive I am taking from here is that the market has stayed green and around this mark for a few days now. A lot of people had expected a dip after it had risen by over 20%, but that didn't happen. Maybe after a few days we can actually see it surpassing the 9K mark. Restless waiting, but hoping for the best.

khufuking

sr. member

Activity: 840

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It was expected the 8.8k is very strong resistance area then we have 9.2k but I think once we break threw 9.2k the next stop will be 11k + . I have strong feelings that we will break , The Market cap break threw 400 billion which is very good we still have 450 billion to break tho the more we get close to 450 the more likely we will break this resistance areas . So lets just hope .

faceoff97

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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

Im not worried on what price track is going, doing long term investment made me focus on the real reason why Im investing on Bitcoin. There is no denying that price pumping is a struggle for the market. The price might not go well but surely at the long run it will eventually go well. 9K mark is an easy goal, when whales makes a move the price might instantly pump up. Lets us just be hopeful that price will regain its momentum and even reach higher than 9K.

batang_bitcoin

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I remember those times that bitcoin is struggling to break $2,000 before and the same goes the time it's trying to break $4,000 - $5,000. I guess we are on the same phase before but as expected that bitcoin broken just wait for a couple of months. There are still some bad news that are rotating to the crypto verse so investors are trying to weigh things through it.

Quote from: coinminerdotcom on April 23, 2018, 11:58:39 AM

In a couple weeks we will be reading BTC struggling over 10k, 12k, 15k, etc....

It's for months now. Undecided

Topic: BTC Struggling to Reach Over 9K - page 5. (Read 791 times)