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Topic: Now that we touched $8,000, what's next? - page 4. (Read 1800 times)

hero member
Activity: 1386
Merit: 503
January 13, 2020, 10:49:50 AM
It has a good chance to defend the 8000... for now. But there's less than 3 weeks until the Chinese New Year, so I don't expect the euphoria last too long.
Well, approaching Chinese New Year, it is possible that next week the price of bitcoin will decline again, but it seems that it will not last long because from what I see the position of bitcoin at the price of 8k is quite strong and does not falter to fall to the price of 7k again so I'm sure after that bitcoin is fast will recover and continue to rise beyond the price of 8k could reach the price of 9k.
sr. member
Activity: 2436
Merit: 343
January 13, 2020, 10:21:40 AM
After finishing with $8,000 I think bitcoin can touch with higher price level above $10k in next moment, near close with bitcoin halving give big chance for bitcoin become above $10k but always have depend with demand and supply with bitcoin on exchange market, if always have bad news about bitcoin maybe make many investor want to sell their bitcoin assets and make price become down.
Have we look into that kind of optimism and I think everyone is now looking for the market to strike again.
We reach at $14k last year and it seems not possible for making it happens once again, and probably more as halving would make a push on it.
Has to think that year is full of hopes for all crypto enthusiasts/supporters...
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
January 13, 2020, 09:46:35 AM
Yeah, try and use one of the bigger exchanges to check on price, or even use something like bitcoinaverage or preev. They will show the rate aggregated with volume so we don't see unusual spikes too much.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
January 13, 2020, 09:32:30 AM
$ 9000 has been reached in the past few days, maybe a correction will come to bitcoin going forward, I heard news about Qatar banning crypto currencies, if indeed Bitcoin could fall down
When did you see the bitcoin price reach $ 9000? Last week the bitcoin price reached only $ 8500 and then it quickly fell below the $ 8000 level. I haven't seen any exchange trading bitcoin at $ 9000. In the future it is possible that bitcoin will reach this price level but it is currently not possible
LOL, maybe he was looking at a very low volume exchange because I never remember it reached that high, you are right it only reach $8500.

actually we can check the history here https://coinmarketcap.com/
hero member
Activity: 812
Merit: 512
January 13, 2020, 08:52:16 AM
$ 9000 has been reached in the past few days, maybe a correction will come to bitcoin going forward, I heard news about Qatar banning crypto currencies, if indeed Bitcoin could fall down
When did you see the bitcoin price reach $ 9000? Last week the bitcoin price reached only $ 8500 and then it quickly fell below the $ 8000 level. I haven't seen any exchange trading bitcoin at $ 9000. In the future it is possible that bitcoin will reach this price level but it is currently not possible
sr. member
Activity: 1344
Merit: 270
January 13, 2020, 08:13:37 AM
After finishing with $8,000 I think bitcoin can touch with higher price level above $10k in next moment, near close with bitcoin halving give big chance for bitcoin become above $10k but always have depend with demand and supply with bitcoin on exchange market, if always have bad news about bitcoin maybe make many investor want to sell their bitcoin assets and make price become down.
sr. member
Activity: 1092
Merit: 284
January 13, 2020, 07:35:34 AM
Chances are that bitcoin may pull back to 7000$ or 6000$ after this artificial pump is over.

Everything is possible, we should be ready to that, however, prior to touching $8, we are struggling at $7k so let's just say there's a minor improvement.

Bitcoin has touched $8k accidentally due to Iran/USA tension, this doesn't mean bitcoin is going to moon or ATH very soon. Bitcoin is still in buying range try to buy right now to get future profit.
That's plan but you are right, it might not hold strong, but we should still expect that once it drop to $6k it will bounce back again like what happen in the past and this halving hype is strong, when nearing the schedule, it will save the price to pump.


It's hard to say bitcoin will go down to $ 6k because with such a decline it will have to dump a large scale, right now, it's just that the fluctuation is not so bad because it tends to be stable.
Although this is the effect of Iran and the US, but we know that in the future it will bring benefits to the crypto market because of this extraordinary tension.
Take advantage of the opportunities now because bitcoin will be high again.
hero member
Activity: 2982
Merit: 610
January 13, 2020, 07:02:00 AM
Chances are that bitcoin may pull back to 7000$ or 6000$ after this artificial pump is over.

Everything is possible, we should be ready to that, however, prior to touching $8, we are struggling at $7k so let's just say there's a minor improvement.

Bitcoin has touched $8k accidentally due to Iran/USA tension, this doesn't mean bitcoin is going to moon or ATH very soon. Bitcoin is still in buying range try to buy right now to get future profit.
That's plan but you are right, it might not hold strong, but we should still expect that once it drop to $6k it will bounce back again like what happen in the past and this halving hype is strong, when nearing the schedule, it will save the price to pump.
sr. member
Activity: 1274
Merit: 265
January 13, 2020, 06:47:53 AM
Chances are that bitcoin may pull back to 7000$ or 6000$ after this artificial pump is over. Bitcoin has touched $8k accidentally due to Iran/USA tension, this doesn't mean bitcoin is going to moon or ATH very soon. Bitcoin is still in buying range try to buy right now to get future profit.
sr. member
Activity: 2002
Merit: 250
January 13, 2020, 05:30:55 AM
$ 9000 has been reached in the past few days, maybe a correction will come to bitcoin going forward, I heard news about Qatar banning crypto currencies, if indeed Bitcoin could fall down
sr. member
Activity: 868
Merit: 251
HEX: Longer pays better
January 13, 2020, 02:56:58 AM
Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?
We have actually broken out of the strong resistance zone and it is preparing for a big pump like Q2 of 2019. In addition, the fomo sentiment about the Halving event this time, so no There is no reason for us not to buy bitcoin from now on and hold it in the long term. I believe that this growth will be long but slow, not strong pumps. We should be patient because after halving prices really grow, all we need to do is be patient and hold bitcoin from now on.
hero member
Activity: 2870
Merit: 594
January 12, 2020, 10:43:30 PM
Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

Some are saying we are getting ready to test the $9,200 resistance. Positive predictions and analysis are overflowing now. We might be conquering $10,000 in the next month or two. Bitcoin is now very bullish. There was a correction after that but it was very quick and now we are once again back at more than $8,000.

I do hope that we are going to get to $9200 after touching $8k again. I thought that the price would go on a down ward spiral after losing that $8k support after a few days ago, but it seems the market remain still and was about to defend that level.

So let's see if we are going to $8500 range now and then $9k in the next week or so.

These are interesting times in Bitcoin price movements. It crosses under and over $7,000 very quickly just as it also crosses under and above $8,000 very quickly. The movements of the price is very erratic as of this time and it is hard to to trading with this pattern. But still the hopes are high that we're hitting $9,000 very soon.

Yeah, I agree, it will be a waiting game, but the good thing is that it was able to maintain the $8'ish level, might be a good sign after all. Erratic or trading sideways, it's hard to make money out of it,  Wink.

so I guess the best thing for those who aren't adept to technical analysis is probably stay away and just observed the price movement and hope that $9k will be there in the horizon.
sr. member
Activity: 1974
Merit: 450
January 12, 2020, 02:59:00 AM
It got to $8k, dropped down and went back again. I'm not really hyped but I'm observing. My goal is to sell off at past $10k and from there wait for a drop. I think that would be a safe spot to sell if we consider $7k as the floor for the remaining of the year. But then again, it's still just January, things could still change quickly with people on edge about Iran, etc.
yes, this is still in January, we cannot say that this is the bull run that we are waiting for. although bitcoin in a fairly short time reached a price of $ 8k, but after that, the development of the price was held back at the current price. I think that we need to wait a few more weeks for monitoring, whether the bull run will occur before halving or not. however, it is very difficult to predict the current price, but many people are quite optimistic about seeing the price of bitcoin rising at this time.
sr. member
Activity: 1512
Merit: 316
January 12, 2020, 12:59:10 AM
i dont want any sharp increase for bitcoin. it is better to stay around this resistance point for a while till some people start filling their bags around here and altcoins can take some breath as well.
A gradual and steady increase in the price of bitcoin is my preference this would give room for buying while taking profits after a rally and buying at dip again rather than sudden and sharp increase ie spike.
Meanwhile the price had corrected to the support at $7800 to $7900 heading up above $8K thus reaching $10K soon.

Anything which is steady and stable is their for the long term to stay and overall if seen in 2019 the rise has not being that steep or fall other than 1-2 times during the year which is the good sign. This means be we are seeing btc getting more stable and gradually the price rising and would see 10k and upwards in this year.

sr. member
Activity: 2380
Merit: 366
January 11, 2020, 10:09:36 PM
Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

Some are saying we are getting ready to test the $9,200 resistance. Positive predictions and analysis are overflowing now. We might be conquering $10,000 in the next month or two. Bitcoin is now very bullish. There was a correction after that but it was very quick and now we are once again back at more than $8,000.

I do hope that we are going to get to $9200 after touching $8k again. I thought that the price would go on a down ward spiral after losing that $8k support after a few days ago, but it seems the market remain still and was about to defend that level.

So let's see if we are going to $8500 range now and then $9k in the next week or so.

These are interesting times in Bitcoin price movements. It crosses under and over $7,000 very quickly just as it also crosses under and above $8,000 very quickly. The movements of the price is very erratic as of this time and it is hard to to trading with this pattern. But still the hopes are high that we're hitting $9,000 very soon.
sr. member
Activity: 1120
Merit: 255
January 11, 2020, 07:29:39 AM
I think we are at an interesting resistance point with the moving averages, if we can cross some more upwards we would in fact have a chance to be out of bearish channel. Bitcoin displayed so far in 2020 pure bullish momentum. Although now Bitcoin got 12 hours to achieve $8050 again in order to keep the bullish momentum but still there is a risk for a incoming dump. I'd say only $7,900 gives Bitcoin some chances of bouncing back, but I'm actually expecting lower lows after this, below $7,900 will dump price down to $7,500. If broken, it will test $7,000 as a provisional bottom.
sr. member
Activity: 1036
Merit: 279
January 11, 2020, 06:03:11 AM
It got to $8k, dropped down and went back again. I'm not really hyped but I'm observing. My goal is to sell off at past $10k and from there wait for a drop. I think that would be a safe spot to sell if we consider $7k as the floor for the remaining of the year. But then again, it's still just January, things could still change quickly with people on edge about Iran, etc.
sr. member
Activity: 1078
Merit: 354
January 11, 2020, 05:47:59 AM
Seeing the price not being above 8 thousand scares me. It did reached at a peak of $8.4k and that was a good time but looking at it now its just under $8k nowadays and that means price tried to go up but failed.

I think it was a big increase that was then followed by a smaller correction. We often see that, and I think it's fine, nothing to worry about. Bitcoin is still up about 10% in the last week, and seems to be holding fairly steady for now. I am happy if we can hold for a while around current prices and establish some solid support.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
January 11, 2020, 05:05:04 AM
Let's see if there will be a strong support at $8k like the one we have at $7k.
Hope you meant the other way around, there was a huge resistance at $8k levels and so is the reason the market went down after reaching those valuations and the market was not able to sustain those valuations for a long period of time and it looks like we need more time to reach those valuation and maintain those valuations.

I'm sure he also means strong support. We had been trading for weeks at above 7k, and support there meant that even when we broke it we quickly returned above like the recent bounceback from 6.8k.

So now if currently 8k becomes strong support, we can expect bounce back from 7.7 or 7.8k precisely as we saw just yesterday.
sr. member
Activity: 2002
Merit: 250
January 11, 2020, 04:30:01 AM
Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

Some are saying we are getting ready to test the $9,200 resistance. Positive predictions and analysis are overflowing now. We might be conquering $10,000 in the next month or two. Bitcoin is now very bullish. There was a correction after that but it was very quick and now we are once again back at more than $8,000.
stay careful, especially if you trade on altcoin, I know Bitcoin is likely to try again to the level of $ 9000, if there is news about the war that is happening right now, maybe Bitcoin will be affected like yesterday,
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