Let's see If BTC re-test 9500$ zone | Bitcointalksearch.org

TravelMug

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Quote from: leyton11 on May 28, 2020, 01:29:13 AM

Although bitcoin has jumped from $ 8k8 to $ 9k280, I think it will be difficult to increase from now. The reason is because purchasing power is too high and it needs to be adjusted before pumping. This time it will create a bull trap and people will buy more bitcoin. it will then sell off again to bring the price of bitcoin down to around $ 7k or $ 6k5. We can pre-order bitcoins at these prices.

I don't think that bitcoin price is too high, remember that prior to the halving, bitcoin touches $10k so there is a lot of leg room for the price to increase in the 5 digits again. We already have some minor correction already when the price hits $8800 right? So we have bounce back and the current price is hovering around $9200.

As of now the price will go on a sideways, until we see another jump and retest $9500-$9800. Of course, we wanted to see the price to go low so that we can buy cheap, but we can't really tell when it will go down.

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Quote from: leyton11 on May 28, 2020, 01:29:13 AM

Although bitcoin has jumped from $ 8k8 to $ 9k280, I think it will be difficult to increase from now. The reason is because purchasing power is too high and it needs to be adjusted before pumping. This time it will create a bull trap and people will buy more bitcoin. it will then sell off again to bring the price of bitcoin down to around $ 7k or $ 6k5. We can pre-order bitcoins at these prices.

Any chart that can prove this another fall?there is no certain in market prices but i don't think we will be down to another 6k$ value mate
because there are so many things we can speculate for the market to stay in this level.

Halving effect is here and we cannot deny that.

the only thing that will make the dump is the whales movement,since they have the power to manipulate this entire market just like what
they are doing to bag Noob and newbies Money.

leyton11

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Although bitcoin has jumped from $ 8k8 to $ 9k280, I think it will be difficult to increase from now. The reason is because purchasing power is too high and it needs to be adjusted before pumping. This time it will create a bull trap and people will buy more bitcoin. it will then sell off again to bring the price of bitcoin down to around $ 7k or $ 6k5. We can pre-order bitcoins at these prices.

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Quote from: Coin_trader on May 27, 2020, 02:07:21 PM

Quote from: justdimin on May 27, 2020, 01:49:47 PM

It is "testing" it once again, it is not there just yet but its somewhere close and that is good enough right now, there is no way we are not going to be at $9.5k any time soon, will it go above? I don't know, maybe it will go up, maybe it won't but I know that it will definitely try its best to be there and test it at least.

The price was going down again and that caused a big of upset in the markets but right now we are doing much better and went above $9k once again, that shows me bulls are still around. Will they have enough money to take bitcoin up again? We will have to see. I think this time around it would be more about people not selling instead of people buying, that will be a bit different because it makes things escalate a lot faster than usual and I am very hopeful about it.

We are still in downtrend unless BTC strong at 9500 above or else BTC will suffer a great upset just like what you said since it is already double top @ 9200 price wall which is kinda scary. I still hope that BTC will revive before this months end but looking at the chart, It seems BTC is a bit bullish unless bulls don't exhaust and closed 9200 or above today.

Finally, bitcoin is strong now as we see the price already break $9k level and now the price is at $9,200, so I think the price can back to increase at the end of this week. But I don't expect to see the price will be back to the lower price in the next week although that chances will be there. And if we see the chart, the trend still at the downtrend. So we need to be careful, and if you think you are making a profit from the price now, it is better to take the profit while we can wait for another downtrend.

Coin_trader

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Quote from: justdimin on May 27, 2020, 01:49:47 PM

It is "testing" it once again, it is not there just yet but its somewhere close and that is good enough right now, there is no way we are not going to be at $9.5k any time soon, will it go above? I don't know, maybe it will go up, maybe it won't but I know that it will definitely try its best to be there and test it at least.

The price was going down again and that caused a big of upset in the markets but right now we are doing much better and went above $9k once again, that shows me bulls are still around. Will they have enough money to take bitcoin up again? We will have to see. I think this time around it would be more about people not selling instead of people buying, that will be a bit different because it makes things escalate a lot faster than usual and I am very hopeful about it.

We are still in downtrend unless BTC strong at 9500 above or else BTC will suffer a great upset just like what you said since it is already double top @ 9200 price wall which is kinda scary. I still hope that BTC will revive before this months end but looking at the chart, It seems BTC is a bit bullish unless bulls don't exhaust and closed 9200 or above today.

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It is "testing" it once again, it is not there just yet but its somewhere close and that is good enough right now, there is no way we are not going to be at $9.5k any time soon, will it go above? I don't know, maybe it will go up, maybe it won't but I know that it will definitely try its best to be there and test it at least.

The price was going down again and that caused a big of upset in the markets but right now we are doing much better and went above $9k once again, that shows me bulls are still around. Will they have enough money to take bitcoin up again? We will have to see. I think this time around it would be more about people not selling instead of people buying, that will be a bit different because it makes things escalate a lot faster than usual and I am very hopeful about it.

STT

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9200 area is quite a strong area to take a opinion on and its also the weekly average which I always like to watch for what mood BTC will be in this week, we hesitated so long going downwards people started buying again or at least closing those shorts which is fair enough and to be expected.

This would seem to break the recent downward momentum and we start over again, basically indecision and hard to judge. I had bets nearer to 8000 which I doubt pay off now, its more likely the OP target is going to occur before that scenario if at all.

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Quote from: serjent05 on May 27, 2020, 12:31:54 AM

It seems Bitcoin failed to re-test $9500 zone this past day. Although it get past $9000, it goes back to $8800+ again. The market seems not ready to sustain Bitcoin above $9k for now. I think we need more time for the market to fully functional since it was somehow greatly affected by the pandemic.

This can be a good read why Bitcoin somehow failed to sustain $9000 mark.

Yes, bitcoin price back to the price now. We might re-test $9,500 zone in the next month while we need to satisfy with the price now. But fortunately, bitcoin price now can increase and back to $8,900 level so the chance to reach $9k will be still wide open in this week or next week. So we need to wait and see what will happen later while we still need to be careful if somehow, the bitcoin price is down again.

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Quote from: samcrypto on May 24, 2020, 11:59:21 AM

Quote from: kapalmabur on May 24, 2020, 09:17:26 AM

it looks like the price of Bitcoin will not go up to $ 9500 for now, the price is breaking down to $ 9100 now, what do you think? is it still up to $ 9500 or will we indeed see the price of Bitcoin even lower? Huh

I’ll go for a lower prediction but I believe it will not dump that much again and $8k level can be a strong support. If bitcoin continues to drop, then its confirm we can’t go up to $9500 level for now. We are still on an up trend long term chart so nothing to worry about, give more time and the you will feel the effect of halving.

Looks like the strong support is $8,500 if we will look on how the market is moving right now but of course things may come sooner.

i was thinking of waiting for at least 6k level if possible because i believe that the effect of this bad market will continue the whole 2020.

Quote from: serjent05 on May 27, 2020, 12:31:54 AM

It seems Bitcoin failed to re-test $9500 zone this past day. Although it get past $9000, it goes back to $8800+ again. The market seems not ready to sustain Bitcoin above $9k for now. I think we need more time for the market to fully functional since it was somehow greatly affected by the pandemic.

This can be a good read why Bitcoin somehow failed to sustain $9000 mark.

$9,500 is too high for re test because we cannot even break 11k so what more falling under 9k more?

maybe for the next quarter there will be some changes if the Virus continue lowering,seeing the record
now it looks like the death toll is lowering day after day.

serjent05

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It seems Bitcoin failed to re-test $9500 zone this past day. Although it get past $9000, it goes back to $8800+ again. The market seems not ready to sustain Bitcoin above $9k for now. I think we need more time for the market to fully functional since it was somehow greatly affected by the pandemic.

This can be a good read why Bitcoin somehow failed to sustain $9000 mark.

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Quote from: LUCKMCFLY on May 25, 2020, 06:09:19 PM

Quote from: Lasky366 on May 23, 2020, 05:52:02 AM

BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.

The vision is not bad, at the moment the volume is strengthening somewhat the demand, the supply has stopped a little, I think it is necessary to wait since the correction may have been made to test those bears that have planned a type of attack, I think that the bulls will drive the price from $ 9.5k to $ 10k causing a stabilization of the market.

Maybe we can see the price drop to 8500 for a while before climbing back to 9000 price level since there are so many things happening right now and the one I see is constant dropping of the price although there's a demand a little bit but I don't think it could support to drive up the price for a good pump. But we don't what will happen next and let see how the market moves in next following days.

bearexin

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It seems small level miners are leaving off from their mining business and no one is ready to buy bitcoins at current prices. Probably miners may join back when bitcoin prices will be double whereas investors are waiting for lower prices than current prices to buy. This is the reason, we are seeing drop in hash rate and bitcoin is struggling to pass over $9000 levels today. Now, $9000 levels is slowly becoming a major resistance levels as it had heavy sell off today when tested.

Probably, first hash rate may become attractive for miners to get into before investors joining for pumping. Usually higher tx prices trigger bull trend but this time after halving, reciprocal is happening which must be due to both miners and investors are waiting for right time to get back. Probably we may test $8500 levels before testing $10k again.

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Quote from: Lasky366 on May 24, 2020, 11:58:23 PM

Quote from: Lasky366 on May 23, 2020, 05:52:02 AM

BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.

Well, Monday red day.. BTC dumped around 8600 ✅

Now there is more opportunity to test 8900-9100! If it break the 8500 level, we can expect more dumps!

Well I have shared a BTC Chart & predictions few days back & it is exatly following this chart 👍
Price pumped to 9011 ✅

Boom🚀

milewilda

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Quote from: 7788bitcoin on May 25, 2020, 05:31:40 PM

Quote from: Oceat on May 25, 2020, 03:22:44 PM

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I would say that we should wait a little longer since Bitcoin is trying to get past $9k but if we see a consecutive drop then that's the sign that it might go for the bottom. Although it's just too early to say this since halving just recently happen but the possibility is in there. I say, wait until this month ends because Bitcoin is just too volatile and the process of growing is too slow then decide after that.

The price is not struggling to reach the $9k valuation but there is a resistance to cross the $10k valuation for quite some time, we had a few pushes in the past few days to cross the resistance and once it failed the price went down again. It is nothing new and the correction does happen when the resistance is too strong, make sure that you find these small corrections as an investment opportunity rather than seeing it on a negative sense.

People do always treat it on negative way most of the time, in spite on making their move or buying opportunity they do just let the chance to slip away.
Market do really have that pumps and corrections which signifies a healthy market yet we cant see a continuous rise in a short span of time.We have seen basing on technicals that it do really have that strong resistance on 10k onwards but it would still need to break that 9500 ceiling before we do talk on further prices.

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Quote from: LUCKMCFLY on May 25, 2020, 06:09:19 PM

Quote from: Lasky366 on May 23, 2020, 05:52:02 AM

BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.

The vision is not bad, at the moment the volume is strengthening somewhat the demand, the supply has stopped a little, I think it is necessary to wait since the correction may have been made to test those bears that have planned a type of attack, I think that the bulls will drive the price from $ 9.5k to $ 10k causing a stabilization of the market.

I don't think so. Take a look at the day candle of bitcoin yesterday, it was below the EMA 7 and that signals an upcoming downtrend season. This growth needs to be adjusted and bitcoin may soon fall to $ 7k5 or worse $ 6k8 again. The bulls no longer show up now, maybe it has smelled a big risk in buying bitcoin at this time.

LUCKMCFLY

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Quote from: Lasky366 on May 23, 2020, 05:52:02 AM

BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.

The vision is not bad, at the moment the volume is strengthening somewhat the demand, the supply has stopped a little, I think it is necessary to wait since the correction may have been made to test those bears that have planned a type of attack, I think that the bulls will drive the price from $ 9.5k to $ 10k causing a stabilization of the market.

7788bitcoin

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Quote from: Oceat on May 25, 2020, 03:22:44 PM

~
I would say that we should wait a little longer since Bitcoin is trying to get past $9k but if we see a consecutive drop then that's the sign that it might go for the bottom. Although it's just too early to say this since halving just recently happen but the possibility is in there. I say, wait until this month ends because Bitcoin is just too volatile and the process of growing is too slow then decide after that.

The price is not struggling to reach the $9k valuation but there is a resistance to cross the $10k valuation for quite some time, we had a few pushes in the past few days to cross the resistance and once it failed the price went down again. It is nothing new and the correction does happen when the resistance is too strong, make sure that you find these small corrections as an investment opportunity rather than seeing it on a negative sense.

Oceat

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Quote from: Desscount on May 25, 2020, 10:39:13 AM

How is it now ?, $ 9500 has been passed and the price of Bitcoin has fallen below $ 9,000,
is there a chance to enter now ?, or should we wait further down? thanks

I would say that we should wait a little longer since Bitcoin is trying to get past $9k but if we see a consecutive drop then that's the sign that it might go for the bottom. Although it's just too early to say this since halving just recently happen but the possibility is in there. I say, wait until this month ends because Bitcoin is just too volatile and the process of growing is too slow then decide after that.

tbterryboy

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It is actually on a very sensitive position right now and I really don't know what to do. If the price breaks under 8.2k to go a bit lower (like 8k for example) it could drop very fast and very low , thinking about under 5k if it crashes. I am not saying that will happen but the road to there is not really that challenging, if enough people gets scared and sells they could do that. There is of course a possibility it could stop too but wouldn't be easy.

However if the price moves beyond 9k once again and recollects, that means we could break above 9.5k and even 10k too (not too much, just 10.2k I assume). This is a very weird spot to be in, we could have 100% difference in price of bitcoin with just one small move, I remember many times bitcoin moved but do not remember being this sensitive.

btc_angela

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Quote from: Desscount on May 25, 2020, 10:39:13 AM

How is it now ?, $ 9500 has been passed and the price of Bitcoin has fallen below $ 9,000,
is there a chance to enter now ?, or should we wait further down? thanks

$8800 is a big retest now, this is a strong resistance as far as I know, but who knows, if this barrier is broken, then we might get a dip even further to $8500.

So it will be interesting how the bears and bulls are going out to play with this resistance zone. I'm seeing somewhat that we are going to be trading in a sideways this week, until a imminent break out, either going south or north. So let's see how the market is going to reach in the next couple of days.

Topic: Let's see If BTC re-test 9500$ zone (Read 470 times)