BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.
Topic: Let's see If BTC re-test 9500$ zone - page 3. (Read 533 times)
BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.
I think the market is starting to enter a bear trend. This strong recovery is due to governments promising that they will control the virus pandemic and bring the economy back to work as soon as possible. But now the political battle and struggle against Covid is still fierce. The United States and some other European countries are greatly affected and it is likely that it will lead to the economic crisis next year. When money is continuously printed and the economy is unable to make up for it, it is normal for hyperinflation to occur. so I have a pretty bad view of the future financial markets.
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.
If in the next weeks, the price cannot increase and break $9,200, I guess we will hard to re-test $9,500 because we are still far away from that price. When bitcoin price can break $9,200 or $9,300, then we can re-test to the $9,500, but still, as you said, we need more days or weeks to see if bitcoin can increase at the end of this month. Perhaps, we can see bitcoin price can up to $9,500 in the next months, but we hope that it will happen before the next month.
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.
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.
Bitcoin is above $9200 as of now, the two or three days of dip have been somewhat recovered.
So we need a few more days to validate and see if we can re-test $9500 zone again. Remember that prior to the dip, we are trading around $9500-$9700 and trying to reach $10k. So I don't think that we will go sideways before the end of the week and could be retesting $9500 anytime soon.
So we need a few more days to validate and see if we can re-test $9500 zone again. Remember that prior to the dip, we are trading around $9500-$9700 and trying to reach $10k. So I don't think that we will go sideways before the end of the week and could be retesting $9500 anytime soon.
Dancing around the 2 day average at the moment. We could take it as simply as above this average it will move onto 8 day average area which is around 9500 which is in the down trend blue line on your chart so think I agree with that one.
I wont form a conclusion till end of the weekend as I think that we need to finish that weekly bar before move onto a new movement. Not sure it'll go sideways exactly but thats my bias or perspective usually.
BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.
Jump to: