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
Topic: Let's see If BTC re-test 9500$ zone - page 2. (Read 533 times)
Until now, the price still moving around at $8,600-$8,700-$8,800, but we might see $8,900 tomorrow although it does not increase higher for this day to break $9,000. But there still a chance to see bitcoin price will break $9,000 because we have another day to see that will comes at the market. So we need to be patient, and still, try to search for the good time to buy and sell bitcoin if we want to trade. But if our target price is at $9,000, then we should hold tight bitcoin until that price so we can sell it right away once the price hit that price. But I am sure that the bitcoin price will increase more than $9,000 and it will hit the new ATH later.
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!
We are already at around 9k level right now once again, its not looking good because we were almost at above 10k once again after the pandemic but we went down. The sad thing is, the sudden drop was caused by some person who was early bird sold 50 bitcoins that was mined very early and everyone imagined that was satoshi who did it, Craig even tried to claim it was him once again (could he actually be certified insane person?) and it came out that it was nothing of sorts and was just a regular early bird and nothing more.
But that didn't stopped the price from falling when it first happened, I imagined it would go up very quickly after people realize it wasn't satoshi himself, for some reason that didn't happened, the price even went down further, I don't know exactly why that happened.
But that didn't stopped the price from falling when it first happened, I imagined it would go up very quickly after people realize it wasn't satoshi himself, for some reason that didn't happened, the price even went down further, I don't know exactly why that happened.
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? 
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. 
BTC is one of the most speculative assets I can think of, because of its giant growth and being a new sector of the economy its prone to over investment shall we say which means the price represents very much more then fundamentals and reactions to protocol changes and other solid factors. Its very much a case of speculation and relation to expansion of the economic and monetary base generally, put simply there is alot of air in there to give us leeway on the price and that makes it pretty hard to predict imo.
I think the charts are the most valid perspective I have because the price is literal and not in dispute where as every fact or change we discuss can have varied effect now or over time. I do think halvening will take time, more then a year to really kick in exactly.
I think the charts are the most valid perspective I have because the price is literal and not in dispute where as every fact or change we discuss can have varied effect now or over time. I do think halvening will take time, more then a year to really kick in exactly.
I learned that mining difficulty level and market demand/supply are what determine the trend of bitcoin market which is furthermore what happen today when the price of BTC dump.
The demand and supply determines the price of BTCitcoin and mining difficulty is directly correlated to the price. Since halving many miners have shut down their machines and now the confirmation time is really high unless you are paying a much higher transaction charge and the difficulty level should be decreased as the hash rate has dropped. Since miners are looking for incentives as soon as the price moves higher the hash rate increases and thereby the difficulty will be adjusted according to that. it looks like the price of Bitcoin will not go up to $ 9500 for now, the price is breaking down to $ 9100 now,
Thats because of the huge numbers of arbitrage traders which swapped their investment into more stablecoinsThstrengthen f you check the trend of stablecoins in the market youll agree with me but the current momentum of the market cant be use to judge what will happen.what do you think? is it still up to $ 9500 or will we indeed see the price of Bitcoin even lower?
The bitcoin market seems to be strengthened whenever it reaches $9090 price range so i dont think it will lower than that.
I think we are going to see price hitting $9,000 this coming week as a taste. Now selling at $9,116.08, it looks like the drop is going to have some little more time for a direction to be clear. I think next week might continue with some slow movement.
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?
These situations need more patient for us because bitcoin can go up or down again, which we don't know and don't have a clue for that. So we need to be careful to decide.
I think what the OP is doing here is trying to predict the price movement based on TA obviously.
So regarding our tolerance, we have seen the price movement before and I'm sure some of us, specially holders doesn't care much. Regarding $9500, clearly this should be the next target or the next resistance that we need to overcome. Let's see how the candles are going to close this day or at least the end of the week. If a breakout to $9500 is possible or not.
I guess we see that the price is going to close at $9,200-$9,300, and that is not much higher or lower than a few days ago. I think the price has stable now but who knows, the price can increase in the next week. I think it is hard to break out to $9,500 if we do not see bitcoin price can break for $9,300 for the first step to increase. The holder still waiting for the price to grow, and no matter if it needs a long time, they will be patient, and they will not come in a rush. But we can see the bitcoin price now have a green candle so we can have a chance to see it will grow in the next week.
To me it looks like there are possiblities to break this $9.5k barrier, now the price is slowly moving towards upwards. But only if it goes above 10k there will be some interesting news and we can also say it might be a bull rally, after Halving we have seen this price movement from 9k - 9.5k several times playing like a seasaw. I will consider bullish move only if it breaks 10k.
The current price is $9,200 and it is in the big possibility to set it back once again a few days from now. Still, the market goes up and down and can't be confident that after hitting back to $9,500 resistance will continue to surge high or it drops back again.
Well, the mining activity will have a big impact to the market and that hoping that they'll be turning back to their operation.
Well, the mining activity will have a big impact to the market and that hoping that they'll be turning back to their operation.
The huge hash rate drop from the past couple of days maybe causing the Bitcoin price to go lower than the $9,500 level.
We might be seeing a good price run again once majority of the miners will be settled with their operations. Some people might get lazy doing transactions and moving their Bitcoins because of the high transaction fees.
Nevertheless, everyone is looking forward to see the 5 digit figure of Bitcoin.
The current price is $9,200 and it is in the big possibility to set it back once again a few days from now. Still, the market goes up and down and can't be confident that after hitting back to $9,500 resistance will continue to surge high or it drops back again.
Well, the mining activity will have a big impact to the market and that hoping that they'll be turning back to their operation.
Well, the mining activity will have a big impact to the market and that hoping that they'll be turning back to their operation.
I love the way you did to the chart, especially the Fibonacci retracement, which seems like aligning and precise. The 0.786 here is the key resistance level for the short term part, especially you are using 30 minutes time frame. Breaking $9,500 could be a good move for Bitcoin here, looking forward to breaking the $10,000 level once we are done with $9,500.
I learnt that mining difficulty level and market demand/supply are what determine the trend of bitcoin market which is furthermore what happen today when the price of BTC dump.
The demand and supply determines the price of BTCitcoin and mining difficulty is directly correlated to the price. Since halving many miners have shut down their machines and now the confirmation time is really high unless you are paying a much higher transaction charge and the difficulty level should be decreased as the hash rate has dropped. Since miners are looking for incentives as soon as the price moves higher the hash rate increases and thereby the difficulty will be adjusted according to that. So, we need to reach to a level where it no longers drops under these prices. For example we do not drop under 3k anymore, 0 to 3k is all but closed for bitcoin, we need to increase that bottom to 5k at least, that is what I am excited about.
The market determines whether it is time to change the bottom 
. I hope we will not see $3k valuation anymore but in a market anything is possible. I think there is a need for bitcoin to come down a little before next strong movement. The 50ma on the daily chart has just crossed 200ma and it has been proven to be along term bullish signal but rsi is showing overbought.
Pretty much agree with you on that but its a case of which time frame and we can rise before we drop and ideally thats how we drop because a fake out upside shakes out the longs before engaging the real move downwards, it kinda makes it easier for us to go lower. In fencing this is known as a feint I think, old dnd players know what I mean :p Same can happen in reverse with a pin candle downwards but in fact we rise rapidly thereafter.
For this moment in time I think the reasonable scenario is a convergence towards 9400 or so, its not very far in theory but I come from the days of 100 dollar BTC and every move is large in theory and certainly this can be traded for a profit and so people will. My bias on weekends is positive but I dont trade it, I just often close shorts or hold with that idea in mind and once again I think its reasonable context for now we get that higher price.
We are above 2 day average:
Do you guys really think that ıf bitcoin tests over 9500 once again there will be anything different? I feel like that is not something major and it wouldn't really change too much in the bitcoin world. If it goes above 10k or even 11k that would be a big news, but going over 9.5k is not really something special anymore to me. It always goes above that eventually but it drops like crazy as well. Remember last year it was over 13k and it still managed to drop under 4k this year (I agree it was pandemic and quick).
So, we need to reach to a level where it no longers drops under these prices. For example we do not drop under 3k anymore, 0 to 3k is all but closed for bitcoin, we need to increase that bottom to 5k at least, that is what I am excited about.
So, we need to reach to a level where it no longers drops under these prices. For example we do not drop under 3k anymore, 0 to 3k is all but closed for bitcoin, we need to increase that bottom to 5k at least, that is what I am excited about.
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BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.
Bitcoin price dumps today but it doesn't mean that it goes directly to the bottom. Likewise, this is similar to what it happens in the previous weeks, we started at $8k then it drops to $3.8k and bounces back again, BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.
If there's a bounce, then it's a weak one, 1+% moves up and even a 0% movement just an hour or so ago, so that made me think it'll falter. That it's picked up again, minuscule creeps up, is probably a bit of a surprise on the weekend.
It's pretty incredible that it still hasn't given up 9k levels though. Still absolutely no strong feeling either way for me though, but my thoughts yesterday that the bears would have to see through the huge depth of buy orders at above 9000 looks to be true.
It's pretty incredible that it still hasn't given up 9k levels though. Still absolutely no strong feeling either way for me though, but my thoughts yesterday that the bears would have to see through the huge depth of buy orders at above 9000 looks to be true.
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BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.
Bitcoin price dumps today but it doesn't mean that it goes directly to the bottom. Likewise, this is similar to what it happens in the previous weeks, we started at $8k then it drops to $3.8k and bounces back again, besides it move going straight high. We saw this declining sentiment but surely it will come back above the $10k resistance. But then, I was not closing some instances that it drops more before it rises back and maybe we shouldn't have to take this seriously for it leads into FOMOing. BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.
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