Topic: Nice Increase in Price but What Next?? (Read 1166 times)
Since the start of this year 2020. the price of Bitcoin have been through ups and downs. It gained its all time high this year at $11,500 but, in the present its faced many struggles and have decreased greatly from its former price in $10,000+. Lest, we should hope that this could only be a sign of a correction and would make a comeback in the coming days as the halving event comes closer.
It looks like the next one after this rally is some correction. After reaching $9k a few days ago, it stayed at $8.6k for some days before giving in and move lower to $8.4k. This is probably a retracement for more accumulation before rallying towards the 5 digit price.
When you only watch the charts it may seem as if the growth of bitcoin and another bull market are inevitable but I am not so sure yet, when I see the other factors that charts do not take into account I am not so sure that is the case, I really believe we will have to wait until after the halving to begin to see some important positive movement in bitcoin, and what does this means for the current price? Most likely we are going to move sideways for a very long time.
From beginning 2020 bitcoin has been pumped almost 8 to 10% and still continues and now bitcoin price $7768 as per coinmarketcap and got 4% hike I hope that Bitcoin going to cross 10k mark within in end of January because there are all positive talks going about bitcoin and crypto and right situation for bullish in crypto market.
It's really a good increase of bitcoin price today! It was like 6800$ 1-2 weeks ago. seems that 2020 is probably a good year for bitcoin, hope this increase of price will continue during this whole year and we'll probably see a new high peak of bitcoin's price by the end of this year, probably 50k$ if everything will go well.It's not only a bit unrealistic, it's totaly unrealistic and exaggerated. Of course that maket growth and price rise is expected but real conditions in the market should be taken into consideration and current potential for price pump. And 50000$ definetely isn't the possible goal to reach any time soon, we have to be aware of it.
It looks like the next one after this rally is some correction. After reaching $9k a few days ago, it stayed at $8.6k for some days before giving in and move lower to $8.4k. This is probably a retracement for more accumulation before rallying towards the 5 digit price.
When you only watch the charts it may seem as if the growth of bitcoin and another bull market are inevitable but I am not so sure yet, when I see the other factors that charts do not take into account I am not so sure that is the case, I really believe we will have to wait until after the halving to begin to see some important positive movement in bitcoin, and what does this means for the current price? Most likely we are going to move sideways for a very long time. From beginning 2020 bitcoin has been pumped almost 8 to 10% and still continues and now bitcoin price $7768 as per coinmarketcap and got 4% hike I hope that Bitcoin going to cross 10k mark within in end of January because there are all positive talks going about bitcoin and crypto and right situation for bullish in crypto market.
It's really a good increase of bitcoin price today! It was like 6800$ 1-2 weeks ago. seems that 2020 is probably a good year for bitcoin, hope this increase of price will continue during this whole year and we'll probably see a new high peak of bitcoin's price by the end of this year, probably 50k$ if everything will go well.It looks about stagnant at the 8.6k usd mark, might try for the 9k mark again later in the week.
Yeah, I am expecting the price to be high this week because people show interest in bitcoin this year and they are taking more and more interest that’s making price graph higher to the ratio of 60 percent and that’s not miner change. Crypto keeps changing price never get stressed about the market if you see bearish hopefully this bullish trend will keep growing wider and someday it will be fully bullish. The price of bitcoin today is very unpredictable so be careful always to invest and don't buy bitcoin when it is at a high price it is best to observe first and make sure we are in the right timing to buy bitcoin. Because this will give us a huge profit.
I can see some folks buying bitcoin as an asset when they see it starts to gain some price increase, but it was totally a reversed mindset because it doesn't went profitable when they're unfortunate during price starts to crash badly. That's right we will potentially gain huge profit when we're going to purchase bitcoin at lower price when it dips in value.
The price of bitcoin today is very unpredictable so be careful always to invest and don't buy bitcoin when it is at a high price it is best to observe first and make sure we are in the right timing to buy bitcoin. Because this will give us a huge profit.
Not just today, but all the time btc is unpredictable because it's never been predictable. All are just speculation or predictions made by our own mind base on graph, history, chart, situation, etc.Just when we thought everything is doing fine then we have this again. The price resistance at $8.3k is being tested after breaking the support at $8.5k to $8.6k. Never thought we'll have this kind of hard situation again. I thought the price will be shaky sideways but more on impressive.
however, when bitcoin reaches a high and good price, then the next thing is people will again predict that bitcoin can reach a higher price, well that is common. at the moment the price of bitcoin is slightly decreasing, but in the near future, I think the price will recover, and rise at a better price.
Yeah it's normal after a large-scale pump, it will be followed by the next dump, or bitcoin will be corrected soon. For the increase that is happening right now I think there are a lot of requests because bitcoin will experience halving and people don't want to miss this important and historic moment, because halving bitcoin is already there before and is followed at a good price. Hopefully the current increase is a sign that bitcoin will be bullish ahead of halving.
I can't hope for better in advance thinking mate, bullish signs can't be reflected based minimal increase. What's I am seeking to have is the huge bounce of btc price together with other altcoins. That's very important factor to gain confidence, that's why we need to buy the most potential coins in preparation of future bullrun.
Anyway, we have different specs towards the market, may the others are satisfied with what it has shown today while the others are not convinced.
The price of bitcoin today is very unpredictable so be careful always to invest and don't buy bitcoin when it is at a high price it is best to observe first and make sure we are in the right timing to buy bitcoin. Because this will give us a huge profit.
Not just today, but all the time btc is unpredictable because it's never been predictable. All are just speculation or predictions made by our own mind base on graph, history, chart, situation, etc.Just when we thought everything is doing fine then we have this again. The price resistance at $8.3k is being tested after breaking the support at $8.5k to $8.6k. Never thought we'll have this kind of hard situation again. I thought the price will be shaky sideways but more on impressive.
The price of bitcoin today is very unpredictable so be careful always to invest and don't buy bitcoin when it is at a high price it is best to observe first and make sure we are in the right timing to buy bitcoin. Because this will give us a huge profit.
Yeah it's normal after a large-scale pump, it will be followed by the next dump, or bitcoin will be corrected soon. For the increase that is happening right now I think there are a lot of requests because bitcoin will experience halving and people don't want to miss this important and historic moment, because halving bitcoin is already there before and is followed at a good price. Hopefully the current increase is a sign that bitcoin will be bullish ahead of halving.
I can't hope for better in advance thinking mate, bullish signs can't be reflected based minimal increase. What's I am seeking to have is the huge bounce of btc price together with other altcoins. That's very important factor to gain confidence, that's why we need to buy the most potential coins in preparation of future bullrun.
It looks like the next one after this rally is some correction. After reaching $9k a few days ago, it stayed at $8.6k for some days before giving in and move lower to $8.4k. This is probably a retracement for more accumulation before rallying towards the 5 digit price.
i hope really reach towards the 5 digit price, honestly i am afraid that bitcoin price falling down and make me deep lose. i have been hold my bitcoin for long time ago and waiting for increase price to sell and make the profit. bitcoin need long time to increase price and make me tired cause waiting bitcoin rise price 
Yeah it's normal after a large-scale pump, it will be followed by the next dump, or bitcoin will be corrected soon. For the increase that is happening right now I think there are a lot of requests because bitcoin will experience halving and people don't want to miss this important and historic moment, because halving bitcoin is already there before and is followed at a good price. Hopefully the current increase is a sign that bitcoin will be bullish ahead of halving.
It looks like the next one after this rally is some correction. After reaching $9k a few days ago, it stayed at $8.6k for some days before giving in and move lower to $8.4k. This is probably a retracement for more accumulation before rallying towards the 5 digit price.
We have all seen it before.. A nice pump here and there and then BOOM a big DUMP.. It's almost disheartening really but still.. What will come next of this little rise? Will it hold true and keep its position or will it come crashing down again and again. In my opinion i believe that Bitcoin would have to reach an over 10,000 usd mark to see a "bigger" style of a bull run. For now it's just going back and forth in a 6-8k range. None the less my friends only time will tell but until then what are some of your thoughts? As usual your thoughts and comments are more than welcome. Thanks again.
Since many of us are not sure in which market we have to trade, bullish or bearish, I want to offer a technical analysis based on a very simple but powerful trend following indicator. It is Ichimoku indicator where we can get a simple signal about the market direction. If the price is below the cloud, we have a bearish trend. If the price is above the cloud, we have a bullish trend . Just apply this indicator to 1D time frame, as you can see, in the daily chart we have a bullish trend. It means that we should search for buy opportunities in order to join the uptrend. I think Bitcoin will no longer decrease more in the next few months as in my opinion this year will be good for it, and I think that the price will keep increasing slightly till the having, people should be patient and hold their bitcoins till the next huge increase.
I buy in with this view too. I think we could be having price go side ways and ranging till a major bull starts to happen when halving come at the middle of the year. That is the major thing that could happen this year.
What will come next of this little rise?
A drop in price, of course!
In my opinion i believe that Bitcoin would have to reach an over 10,000 usd mark to see a "bigger" style of a bull run. For now it's just going back and forth in a 6-8k range.
Well yeah, the technical analysis tells us so. The price would need to break through the most recent price peak (or resistance level) to realizes a bigger bullish run, period. It's like the waves on the beach, constant ins and outs (or highs and lows) and cyclical trends that drive those ups and downs.
Is there anything fundamental about the Bitcoin market place that you believe will impact price?
There is now a confirmation that the bull market will start, the price is now consolodating at 100 MA. The recent pullback that happen is a healthy pullback because the price decrease and the volume also increase where it is consider as a sign of bullish trend. The indicator that I always monitoring currently is the moving average of 50 and 100. If those two moving averages crossover and there will be alignment of 20, 50 and 100 then the bullish trend is a confirm where we will see higher lows and higher highs.
I do not have target profit in uptrend because the expensive prices will become more expensive. The bitcoin has now consisting of momentum candles in both daily and weekly charts. There is now a momentum because buyers are seems interested again to it. As long as there will be no breakdown that will happen, the market will stay healthy. We are know in the markup stage where we will see a ladder like chart.
I do not have target profit in uptrend because the expensive prices will become more expensive. The bitcoin has now consisting of momentum candles in both daily and weekly charts. There is now a momentum because buyers are seems interested again to it. As long as there will be no breakdown that will happen, the market will stay healthy. We are know in the markup stage where we will see a ladder like chart.
It looks about stagnant at the 8.6k usd mark, might try for the 9k mark again later in the week.
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