The price managed to reach back $9.1k and has been struggling to get pass $10.5k for almost a month, the same way it struggled with the $7k and $8k prices. I know it will be a matter of time, the virus outbreak has weakened a lot of assets and they are now struggling for a growth. I am happy that Bitcoin has shown itself to be one of the strongest assets that we can trust even at this time. The price always shows that, and after every hit it still somehow grows back up.
I do believe that the price will climb the chart to $11,000 in a matter of weeks or less than a month. It’s already showing that sign, and there has been some activities that shows the price will be hitting more than just that.
Topic: What’s next if bitcoin breaks $9,270 ? (Read 697 times)
Now there is a lot of speculation about the price, Max Keizer actually recommends buying Bitcoin, now because of this, you have to hope what effect it causes on your followers, in addition the effect of COVID-19 has left many unemployed, so they are looking for better forms of income, and the Bitcoin market is a foolproof option. If short-term supports and resistances jump, there may be no offer found until it reaches over $ 12k based on what can be seen in volume, although we should wait to see what will happen in the short term. Many see resistance at $ 8.6K and say that when they get there the price will go up very fast. I do not know how much this resistance means, although the TA in these cases may vary at different times according to the analyst in his opinion.
The market has been in a low trend this month of June and I am foreseeing a return below $9000. The low volume is a sign of downward trend and I think we should stand and watch as the trend favour sellers
Usually though, with low volume, its an indication that the market is slowing down, so its really possible to see the price below $9k in the next coming days. We have a strong support at $9200 but when it was broken a couple of days ago, it's just about time the market will have a small dump along the way. But we should all look at the price side and see this as a opportunity to stack sats again.
Bitcoin already dropped below $9K, so what's would come next?
If we will see a downtrend, then be it, honestly, it's hard to expect something big this year as investors will not put their money in crypto as the economy struggles, honestly, I'm already happy with the current situation of crypto market, at least it did not dump and we survive a big crash earlier this year.
Let it move be more volatile, it's an opportunity for all of us to make money in through short term trading.
Although the support is broken but bitcoin is still with in the descending channel. The bitcoin CME future was closed at 9220$ so there is a gap of around 230-260$ which needs to be filled. Considering that all the CME gaps are filled bitcoin will soon touch 9220$.
The market has been in a low trend this month of June and I am foreseeing a return below $9000. The low volume is a sign of downward trend and I think we should stand and watch as the trend favour sellers
Usually though, with low volume, its an indication that the market is slowing down, so its really possible to see the price below $9k in the next coming days. We have a strong support at $9200 but when it was broken a couple of days ago, it's just about time the market will have a small dump along the way. But we should all look at the price side and see this as a opportunity to stack sats again.
Bitcoin already dropped below $9K, so what's would come next?
If we will see a downtrend, then be it, honestly, it's hard to expect something big this year as investors will not put their money in crypto as the economy struggles, honestly, I'm already happy with the current situation of crypto market, at least it did not dump and we survive a big crash earlier this year.
Let it move be more volatile, it's an opportunity for all of us to make money in through short term trading.
Although the support is broken but bitcoin is still with in the descending channel. The bitcoin CME future was closed at 9220$ so there is a gap of around 230-260$ which needs to be filled. Considering that all the CME gaps are filled bitcoin will soon touch 9220$.
The market has been in a low trend this month of June and I am foreseeing a return below $9000. The low volume is a sign of downward trend and I think we should stand and watch as the trend favour sellers
Usually though, with low volume, its an indication that the market is slowing down, so its really possible to see the price below $9k in the next coming days. We have a strong support at $9200 but when it was broken a couple of days ago, it's just about time the market will have a small dump along the way. But we should all look at the price side and see this as a opportunity to stack sats again.
Bitcoin already dropped below $9K, so what's would come next?
If we will see a downtrend, then be it, honestly, it's hard to expect something big this year as investors will not put their money in crypto as the economy struggles, honestly, I'm already happy with the current situation of crypto market, at least it did not dump and we survive a big crash earlier this year.
Let it move be more volatile, it's an opportunity for all of us to make money in through short term trading.
The market has been in a low trend this month of June and I am foreseeing a return below $9000. The low volume is a sign of downward trend and I think we should stand and watch as the trend favour sellers
Usually though, with low volume, its an indication that the market is slowing down, so its really possible to see the price below $9k in the next coming days. We have a strong support at $9200 but when it was broken a couple of days ago, it's just about time the market will have a small dump along the way. But we should all look at the price side and see this as a opportunity to stack sats again.
The market has been in a low trend this month of June and I am foreseeing a return below $9000. The low volume is a sign of downward trend and I think we should stand and watch as the trend favour sellers
We should also consider "what's next if bitcoin breaks below $9,000?".
Well, this is really tough for everyone.
But here's mine for negative part or bear price action of Bitcoin if ever we well fall below $9,000.
My worst case is seeing again below $7,000, especially we are near to the monthly close of the candle, we should also be aware on this.
Let's hope we will not close below $9,000 at the end of the month, well this is only my own speculation.
Well, this is really tough for everyone.
But here's mine for negative part or bear price action of Bitcoin if ever we well fall below $9,000.
My worst case is seeing again below $7,000, especially we are near to the monthly close of the candle, we should also be aware on this.
Let's hope we will not close below $9,000 at the end of the month, well this is only my own speculation.
after the decline, the price of bitcoin is stable at $ 9300. I also think that if there is a decrease in the aftershock, the range will last at $ 9,000, or $ 9100. however, if there is an increase, it will survive at $ 9450 or $ 9500. so far, I predict that the next move will be price increases.
I hope it does, but we need to be patient.
The price is somewhat going back and forth. I did sell some of my mBTC when the price rose to $10K and I think I did a good choice there since the price quickly declines after that. Right now I am having doubt when to invest again. In my opinion, if the price increases to $10K again, there would be some investors that are ready to sell some of their BTCs too.
If good times came we will see your speculated figures coming up but there are so many conditions before we can really approach to that price but the main factor that stops for the price to came in for that numbers is the current crisis happening, many people are still not decided to invest their money but if the vaccine is available to end up this pandemic provably we will see those great price changes coming up.
$ 9270 seems to be resistant now, the price of Bitcoin is still at $ 9100, and is still playing in support, for me this is not a trading zone, it's terrible if prices suddenly drop
after the decline, the price of bitcoin is stable at $ 9300. I also think that if there is a decrease in the aftershock, the range will last at $ 9,000, or $ 9100. however, if there is an increase, it will survive at $ 9450 or $ 9500. so far, I predict that the next move will be price increases.
I hope it does, but we need to be patient.
The price is somewhat going back and forth. I did sell some of my mBTC when the price rose to $10K and I think I did a good choice there since the price quickly declines after that. Right now I am having doubt when to invest again. In my opinion, if the price increases to $10K again, there would be some investors that are ready to sell some of their BTCs too.
after the decline, the price of bitcoin is stable at $ 9300. I also think that if there is a decrease in the aftershock, the range will last at $ 9,000, or $ 9100. however, if there is an increase, it will survive at $ 9450 or $ 9500. so far, I predict that the next move will be price increases.
I hope it does, but we need to be patient.
The price is somewhat going back and forth. I did sell some of my mBTC when the price rose to $10K and I think I did a good choice there since the price quickly declines after that. Right now I am having doubt when to invest again. In my opinion, if the price increases to $10K again, there would be some investors that are ready to sell some of their BTCs too.
According to some analysts, after Bitcoin breaks $ 10k it will effortlessly rise to at least $ 12k, the reason being because of the Post-Halving effect, weakening of FIAT money, the FED's big injection this year that exceeds 3 trillion. dollars, making people start to see Bitcoin as a haven of value.
Quite alot of movement today but on a 4hr bar chart its not as volatile and has remained below the 8 day average. I measure or observe that because over a long time its fitted into my estimate of whether BTC is tending towards positive or negative action over more then a day or two. But right now today this is a nice piece of action, the real test as always is to break through Sunday / Monday from weekend into week day and carry on just the same upwards and onwards. We have the sort the simple waves back and forth from the tidal movement. This remains yet to be proven and going on how BTC acts to repeat and circle I dont take this as conviction bullish just yet, I still expect prices further down to be proven.
News can happen any time though so its always possible to be incorrect and with volume buying, higher is still possible. We do remain below the 50 day average.
News can happen any time though so its always possible to be incorrect and with volume buying, higher is still possible. We do remain below the 50 day average.
Looks like it is right there at $9.3k and nothing major is going on, I think market doesn't really care about the price points at this level, sure there are important ones but not here, this one looks a bit weak and unimportant. I can see bitcoin rising very soon, it has been idle for a while with a small decrease daily that is caused by constant selling outweighing the buying, however that means there could also be a huge increase, how?
Well, simply people who are selling right now could be going back to USDT just to buy all at once, you could sell your coins small by small not to disturb the market too much which could cause it to go down only a bit every day but not a huge crash, but after you sold all of them and you have all your money in USDT you could use them to buy all at once.
So, while you took the price from $10k to $9.3k during selling period you could buy the same amount but take it from $9.3k to $12k with a hype.
Well, simply people who are selling right now could be going back to USDT just to buy all at once, you could sell your coins small by small not to disturb the market too much which could cause it to go down only a bit every day but not a huge crash, but after you sold all of them and you have all your money in USDT you could use them to buy all at once.
So, while you took the price from $10k to $9.3k during selling period you could buy the same amount but take it from $9.3k to $12k with a hype.
We can't tell. Who knows if it soar even higher than that price or drop to below 8k$ as quick as it used to be. But of course nothing is more secure and sure if you want to make earnings than bitcoin.
In the last 24 hours, the price of Bitcoin attempted to break below $9,270 in a rapid sell-off from $9,400 to $9,240. Immediately after it hit $9,240, BTC bounced strongly to as high as $9,450.
What’s next if bitcoin breaks $9,270 ?
What’s next if bitcoin breaks $9,270 ?
Quote
Do we really need to Post Bitcoin movement from time to time?you have been posting a lot and giving graphs but seems
like nothing are going to final.
and Cointelegraph is just a click away from us so please just Put your thread if there are much to expect.
after the decline, the price of bitcoin is stable at $ 9300. I also think that if there is a decrease in the aftershock, the range will last at $ 9,000, or $ 9100. however, if there is an increase, it will survive at $ 9450 or $ 9500. so far, I predict that the next move will be price increases.
$ 9100 should be strong support for Bitcoin right now, otherwise we might find $ 8,000 or even $ 7,000 again, hopefully Bitcoin is strong
Just wee ago we almost step down $9000 so 9100 is not that strong support,and i think we are going down
bellow that 9k strong hold.
after the decline, the price of bitcoin is stable at $ 9300. I also think that if there is a decrease in the aftershock, the range will last at $ 9,000, or $ 9100. however, if there is an increase, it will survive at $ 9450 or $ 9500. so far, I predict that the next move will be price increases.
$ 9100 should be strong support for Bitcoin right now, otherwise we might find $ 8,000 or even $ 7,000 again, hopefully Bitcoin is strong
I dont think its the stocks that crypto is bound to, its just that stocks are a fast reaction and indicator of sentiment and it all relates to monetary expansion most likely. BTC stocks and a few other things react to more currency being available and in circulation for speculation. Obviously QE is the process of raising bond prices, which is the inverse of bond yield so making money more easily available to business. So that price is rising and so on, I think thats a large part of it and I do wonder what would be the price levels if we had never opened Pandoras box back in 2008.
Whoever invented BTC had this as a background to their work at that time though it was coming either way, I expect QE policy to falter and stumble and that will show up here too. In Zimbabwe they blamed stocks for the creation of inflation, it was the originator to them of the problem because it sticks out so much and we're probably being distracted similarly.
BTC is below the 50 day and though it seems to spin in circles constantly, it seems it must come back and establish a low now in some proper way before going especially higher.
Whoever invented BTC had this as a background to their work at that time though it was coming either way, I expect QE policy to falter and stumble and that will show up here too. In Zimbabwe they blamed stocks for the creation of inflation, it was the originator to them of the problem because it sticks out so much and we're probably being distracted similarly.
BTC is below the 50 day and though it seems to spin in circles constantly, it seems it must come back and establish a low now in some proper way before going especially higher.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I am fine with that, even if the price goes down below $9,200 or $9k. That would be the best time to buy more bitcoin because I think I will not have a big chance to buy bitcoin at that price. But bitcoin price is now trying to break $9,400 although it seems, the price has difficulty to break, but I am sure that if the trend is up, that price will be a break, and maybe we will increase so high. While the price is not going anywhere, I think we need to break for a while and rest from the market.
I can agree that every dip is opportunity to buy more Bitcoins. Although I don't think that anyone would like to see Bitcoin price too low.
At this moment no one can really tell what will happen next with the price. It's possible that it goes below 9200$ or even 9000$ but I don't look at that as some big tragedy, it wouldn't be such a deep dump. However, I don't expect to see price below 9000$-at this moment.
That's why we don't have to buy bitcoin at one price only because if we do that, we will lose the opportunity to purchase bitcoin at a low price. If we can manage the funds to trade or investing, I am sure that we will see a low price comes so that we can buy more bitcoin. I think the bitcoin movements now still can not predict as the price is down deeper than a few days or weeks ago. But I believe bitcoin price will increase soon, and no matter it takes too long, we will see another higher price again. If the price is down at $9,200, I will place my order buy at $9,100 or even at $9k.
Jump to: