Topic: What is the Bitcoin support level? (Read 166 times)

I'm with both of you, though i think the main support zones are at 9700$ and 11800$. I expect a price from about 12200$ to 14400$ for the next 4-7 days and probably more bullish with the beginning of 2018.

I see at around 10k there is some support but if the ten thousand usd support level is breached then we will see Bitcoin crashing to below seven thousand usd. I see every thing bleeding right now and one third of altcoin and Bitcoin value has been wiped out. Now the big boys rule the financial markets, it is happening with digital currencies. COORDINATED Whales have attacked the Bitcoin and altcoin markets and crashed it so everyone panic sells and then they will scoop up all the cheap coins now.

Support levels are always changing, there was quite a lot around 13k but that was broken down, this was the previous low and you'd assume that was why. For me 10k will be the biggest support level, it is a big psychological barrier and also a price that a lot of people will have previously considered cashing out. I will be very worried if 10k is breached that we will see a much further fall.

This time we had more intense selling waves in bitcoin. This also affected alt coins too. I think we need to make elliot wave counting analysis to see the next trend of bitcoin. I will work on it and will share it in the forum probably tomorrow.

Yeah, Bitcoin touched double bottom in 24 hrs. But I see a heavy buy walls at $10k. Thus, bitcoin got a support level at $10k too after $11k. But I don't think bitcoin will go more correction. It is already 40% dumped. I expect a bullish run after this and expect price to hover over $20k+ by year end.

If you see the current market trend I had predicted a support point at 14200 but the market broke the support and the next support was at 12800 which was broken too taking to the next support at 11000. Bitcoin really showed some respect to this support however it has resistance at near about 13800. So if the 11k support break we are going into a great dip.

This is just insane, bitcoin just don't cost $20k, at least not now with the problems it's facing right now, slow and costly transactions. People are weird ...
Bitcoin promised to bring fast and cheap transactions, right now this promise is all air until it's fixed.

Bitcoin, short-term support from this mornings fun is  10,400, Resistance 13,600, that's a very nice trading range of ~30%

It depends on which level do they want to sell. There is people who think that the real price is between $6000 and $8000, and a lot of people are saying that the real price is over $15,000 at the moment.

It is very overvalued, but that is what we have right now, the price is going to be between $10,000 and $20,000 for months.. It is just until it stabilizes a little.

so far the $12000 showed a very good support. and it is being tested again in an hour or so to see if it will hold or it can be broken into.
if it holds them you can expect that as the bottom.
otherwise i am expecting $10,000 to hold strongly. but the problem is that the other half of the world is now waking up an are seeing this price, and this past few months market was filled with lots of weak hands who don't know what's what!

in any case i have placed my buy orders in a big range from $9000 (low ball lucky bet) up to $11000. and will probably move them around based on what i see.

Goldman Embracing Crypto
Bloomberg reported Thursday that Wall Street’s largest investment bank is setting up a trading desk to make markets in cryptocurrencies such as bitcoin. The business will be up and running by the end of June once security issues have been resolved. Goldman is also exploring ways to hold the assets. Sources familiar with the matter also said the bank is setting up a team in New York to administer the new project.
In response to client interest in digital currencies, we are exploring how best to serve them,” Michael DuVally, a spokesman for the bank, said in a statement.
By venturing into cryptocurrency, Goldman Sachs would become the first large Wall Street bank to enter the alternative asset class. Unlike other banks, Goldman has been fairly receptive to the idea of cryptocurrencies, with CEO Lloyd Blankfein already announcing that his firm was exploring the possibility of entering the market.
after holiday i hope btc will reach to 20.000 usd agian.
According to the chart, even if we see a move to as low as $10,000 we could still consider bitcoin to be in a strong upward trend. In fact, $10,000 was exactly the level that bitcoin was trading at the beginning of this month and so it would not be surprising to see it there again


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Traders would not able to anything to bitcoin. They will focus on the profit only so you will expect them to hold the bitcoin when the time bitcoin value fluctuates in the chart.
Keep investing bitcoin will wise idea when we find the dump in the chart. But most of the fear about the price dump happens recently and sell it out for avoid looses but btc will bump again bros.

My level is about 4-7k. Thanks

I see two levels 11500 and 8000 USD, but everything can change in seconds) At what level have you bought BTC?

For all you expert traders, what are the support levels for bitcoin? and how many?