Let's hope that this fall was a strategic move by the bulls. If that is the case and that is why they didn't allow bitcoin to fall under 10k, that is actually not a bad move, I would totally understand it. They wanted to break all the longs and make more profit and with that profit they would use that money to increase bitcoin even higher.
Short future buyers are not always bear people, sometimes bulls short future and stop, when they stop bitcoin selling and have short futures the price goes down but they are richer and when they are richer they could long futures and could definitely make a ton of profit to keep it going. That goes on until they run out of money to buy of course, at which point they could redo all of this to make it go higher, however that is just a thought, maybe things are not like this at all.
Topic: There Bitcoin goes again. (Read 501 times)
It looks like we are going under 10k right now, it is really not a good look for bitcoin and I am afraid what it could be doing very soon. Hopefully we do not go under 9k because if we lose the grip on 10k once that means we are not going to be doing well in the near future. Remember how hard it was to go above 10k, that was really not something we could have seen easily and when we went above 10k it always went back down very easily as well, it was a very difficult task.
If we go under 10k and stay there for too long that means we are going to relive all of that again, the price will be under 10k and everything will be horrible for a while. Hopefully we will recover fastly and quickly so that we will not be reliving all those months of work once again all over.
If we go under 10k and stay there for too long that means we are going to relive all of that again, the price will be under 10k and everything will be horrible for a while. Hopefully we will recover fastly and quickly so that we will not be reliving all those months of work once again all over.
Browse my recent post weeks ago and I've already said that it will happen again 
.
Well, it just came from an analyst which I followed for a long time in Youtube. He also predicted that it will go at around $12,000 then will go down to around $10,000 and his prediction came true.
Anyway, if you are here for a long time already you know that the price of Bitcoin will just go back up soon. This is just another buying opportunity for us who are holding Bitcoin for quite some time. Go accumulate more Bitcoin now. There is a chance that this is the last time we see Bitcoin at $10,000.
.Well, it just came from an analyst which I followed for a long time in Youtube. He also predicted that it will go at around $12,000 then will go down to around $10,000 and his prediction came true
.Anyway, if you are here for a long time already you know that the price of Bitcoin will just go back up soon. This is just another buying opportunity for us who are holding Bitcoin for quite some time. Go accumulate more Bitcoin now. There is a chance that this is the last time we see Bitcoin at $10,000.
In the end bull market recovers and goes up again and it gets hit by a dump again yet doesn't give up and tries to go up again and again and again. That is why I keep saying that this is a good thing, let it go down every time it hits high, one day it will not have those people who want to get out.
I'm always positive in the market, everything are in place, we have just one halving finished, the pandemic has no effect in Bitcoin thank God which I consider to be it's biggest trial and investors are making a switch from other market to Cryptocurrency I still believe that it's still the case, this drop although huge after the halving is quite worrying but it will eventually get back on where it was.
Because we know the price will just bounce back.
We are also expecting this fall in the past weeks that the price of Bitcoin is sitting at $11K. It will happen, I didn't get some out since I am planning to reinvest not expecting that it will happen immediately this week but that is fine, I will just keep on holding. Bitcoin is not the only one, a lot of cryptocurrencies too are having a dive now, it is time to reinvest not just on Bitcoin.
I don't know if I'm looking at a different chart but Bitcoin using tradingview right now is priced at 11,450$, yes Bitcoin had gone up at 12,000$ but it didn't stay at that level very long since it closed the day at 11,660$. Like I have been telling for several days now it doesn't matter how quickly we push the price and how big it is as long as we have weak volume our price surge will just be a surge and nothing all.
You've found it right coz OP posted it last Sept 1 and after that a very short span, the price drops again that is why you can no longer see it. And we can't also expect to keep that line for long.As of this writing, 2:45 Eastern, USA, she's at $12,000 again.
We are still not able to hold the $12,000 resistance to this time as altcoins keep soaring high with this Defi system. But we are looking forward to having a huge jump in the last quarter of this year. It is, for now, our chance to accumulate more Bitcoin, this will never drop hard, and back to $9,000. We're supposed to think for an inclining sentiment as BER months started but I was not expecting another ATH as it is quite impossible as it shown. In the end bull market recovers and goes up again and it gets hit by a dump again yet doesn't give up and tries to go up again and again and again. That is why I keep saying that this is a good thing, let it go down every time it hits high, one day it will not have those people who want to get out.
I'm always positive in the market, everything are in place, we have just one halving finished, the pandemic has no effect in Bitcoin thank God which I consider to be it's biggest trial and investors are making a switch from other market to Cryptocurrency I still believe that it's still the case, this drop although huge after the halving is quite worrying but it will eventually get back on where it was.
Bull market is literally alive when bitcoin prices keeps going up even though people dump it. That is what a bull market is all about, people could sell as much as they can but usually when there is a big dump that is from bitcoin rich people, they want to get out but not lose money, you can't sell 10 million dollars worth of bitcoin all at once without hurting the market. You know how price goes up and then suddenly goes down? That is exactly when people realize they can sell their thousands of coins all at once.
In the end bull market recovers and goes up again and it gets hit by a dump again yet doesn't give up and tries to go up again and again and again. That is why I keep saying that this is a good thing, let it go down every time it hits high, one day it will not have those people who want to get out.
In the end bull market recovers and goes up again and it gets hit by a dump again yet doesn't give up and tries to go up again and again and again. That is why I keep saying that this is a good thing, let it go down every time it hits high, one day it will not have those people who want to get out.
but overnight for a while bitcoin and alt fell enough to make everyone panic for that moment.
I think it will be a quite deep decline as it is going very fast and will drop below 10k $, but the resistance is strong holding so it makes the price bounce back to 11300 -11500, after dropping quite a lot to 11000 from 12000.
The decline is still continuing but it probably won't be long and the bitcoin price will stay at the same level, people are panicking for sure to sell (CL) and it's not a good decision I'm sure the pumping will happen again but we'll see in our analysis what this is. was there an increase after this decrease?I think it will be a quite deep decline as it is going very fast and will drop below 10k $, but the resistance is strong holding so it makes the price bounce back to 11300 -11500, after dropping quite a lot to 11000 from 12000.
The resistance is strong enough and it will continue and probably won't pass below 10k$ as investors have full faith in the cryptocurrency.
It looks like the resistance is not strong enough to hold it and has dropped below 10000, after that it did go up again but I think in a few hours it will go down again. maybe what is predicted in the 9600 area will happen.
Good price to pull some profit from Bitcoin in my opinion. Most traders and holders are probably thinking the same and most likely will watch the market a little bit and sell which will reduce price at $11,000 level again (Not unless Bitcoin can hold the $12,000 which then we will have a prosperous year even with the pandemic).
That's a great point, however it's good to notice that whether it's 12k, 11.5k or 11k it's still a very small movement and not of real interest to anyone except for maybe day traders. Bitcoin has the potential to go 20k and much further, and detailed predictions almost rarely come true anyway. Sometimes it's better to focus on the big picture.
I believe that Bitcoin will only rise, and perhaps not as actively as expected, but nevertheless, by the end of 2020 we will see very good results, especially since the US government continues to print paper notes in order to fix the economic problems caused by pandemic coronavirus. Many today are looking for an alternative for investment, because national currencies have lost their trust and BTC is one of the best options.
I do not know when it became 12k, I was probably asleep when that happened but as of right now, it is under 11.5k once again. Bitcoin is like this, I love bitcoin and I admire the idea of bitcoin a lot, I hope that one day bitcoin would be a main payment option however we gotta figure this out man, this volatility is really killing all the things we have worked for, people who see bitcoin rising up joins our ranks and then it drops and they leave, so we are having hard time keeping new recruits.
In the end I hope that one day we will figure out a way to actually stabilize bitcoin a bit more, I am not expecting a ton of slowing down but at least I am hoping a bit of stabilization. Stable coins come in peace around that subject, they could be used as a gateaway between regular cash and crypto.
In the end I hope that one day we will figure out a way to actually stabilize bitcoin a bit more, I am not expecting a ton of slowing down but at least I am hoping a bit of stabilization. Stable coins come in peace around that subject, they could be used as a gateaway between regular cash and crypto.
I don't know if I'm looking at a different chart but Bitcoin using tradingview right now is priced at 11,450$, yes Bitcoin had gone up at 12,000$ but it didn't stay at that level very long since it closed the day at 11,660$. Like I have been telling for several days now it doesn't matter how quickly we push the price and how big it is as long as we have weak volume our price surge will just be a surge and nothing all.
Now the price is even lower, at about 11200$. But to my opinion such correction was expected. It was not very likely that Bitcoin price stays for a longer period of time at 12000$ or even goes further up. We are having such situation for a longer period of time and to my opinion 12000$ or 12500$ might be the peak for this year.
But the price has crashed again to 11400 USD, I am of the opinion that most likely people are dumping BTC for DeFi projects as it is the one on the radar now. I hope we can get to an all-time high this year
Are you speculating do you have a data on this or any article that can prove that investors and holders are dumping their Bitcoin for DeFi projects, DeFi is still in its early stage, it's not worth to dump your Bitcoin to replace a tokens that have not yet proven their worth, it will take some time for DeFi to fully established themselves.
As of this writing, 2:45 Eastern, USA, she's at $12,000 again.
There goes Bitcoin again. This time she dumped.
I still think the bull market is on, but we need to temper our expectations. When the market emerged from the August 2015 lows, it took 1.5 years to test the ATH. It may be quicker this time, but that's definitely not guaranteed. Patience!
Honestly, in some privious september bitcoin price always in red chandle and as you can see now its price seem like will going to the support i.e $10.500. We can't expect too much for its price movement because we can still have a chance to take profit through short position unless you didn't like the derivative market.
Also the decreasing price is happening in gold market, after we saw the price gold touch its new all time high but now the price just slumped down like bitcoin. The economic situation in some countries especially United State country is trying to recover. Maybe some investor out there just change their asset into money fiat to start their bussiness again.
Also the decreasing price is happening in gold market, after we saw the price gold touch its new all time high but now the price just slumped down like bitcoin. The economic situation in some countries especially United State country is trying to recover. Maybe some investor out there just change their asset into money fiat to start their bussiness again.
but overnight for a while bitcoin and alt fell enough to make everyone panic for that moment.
I think it will be a quite deep decline as it is going very fast and will drop below 10k $, but the resistance is strong holding so it makes the price bounce back to 11300 -11500, after dropping quite a lot to 11000 from 12000.
The decline is still continuing but it probably won't be long and the bitcoin price will stay at the same level, people are panicking for sure to sell (CL) and it's not a good decision I'm sure the pumping will happen again but we'll see in our analysis what this is. was there an increase after this decrease?I think it will be a quite deep decline as it is going very fast and will drop below 10k $, but the resistance is strong holding so it makes the price bounce back to 11300 -11500, after dropping quite a lot to 11000 from 12000.
The resistance is strong enough and it will continue and probably won't pass below 10k$ as investors have full faith in the cryptocurrency.
but overnight for a while bitcoin and alt fell enough to make everyone panic for that moment.
I think it will be a quite deep decline as it is going very fast and will drop below 10k $, but the resistance is strong holding so it makes the price bounce back to 11300 -11500, after dropping quite a lot to 11000 from 12000.
I think it will be a quite deep decline as it is going very fast and will drop below 10k $, but the resistance is strong holding so it makes the price bounce back to 11300 -11500, after dropping quite a lot to 11000 from 12000.
Ethereum and bitcoin together is growing in a mutual way. After the price pumping there is minor price fluctuation. With bitcoin the fluctuation is found high while ethereum drops very minimal. Almost every altcoin available in the market with good volume has turned red. This is good for the traders, and more chance of bull run to begin following this fluctuation happening with time.
As of this writing, 2:45 Eastern, USA, she's at $12,000 again.
I was hoping that it will hold but it did not and as of this writing it went down to $14000 see how very volatile the market is now, several months ago people are hoping that it will go to the $110000 but it took months to climb to that level, so people should not be overconfident on what they are seeing every day in the market.
To those of you above who said it's a normal swing. Have you noticed that we had a big dump on 2 August and the price was pumping for a few days before. Now we had the price pumping for and again on 2 September there's a dump.
Somebody could say there's a pattern.
If it would happen again on November 2 and December 2 then i would consider it for a pattern and just like on that typical sayings or observation back that Bitcoins price Somebody could say there's a pattern.
tends to rise on Weekends and do have some dumps in weekdays.Some people already had just noticed such scenario but we cant just make out conclusions or do heavily relying on that.
If you can make out some positions and make yourself end up on greens or profit then better stick unto that.
Jump to: