Topic: Will Bitcoin Get into the $8600 Zone? (Read 585 times)

Unfortunately, bitcoin can't hold its position above $8500 for a while and hovering around $8200-$8300.
Right now bitcoin still maintains $7900 as the bottom line for a few days, pretty strong at this point.
personally, I believe bitcoin will drop to $7500 and if the market still bearish, $7000 should be the lowest level before it rises up to $8K again.

But we are witnessing this minor drop and increase from last few weeks wherein it's neither going below $7,500 nor going beyondand $8,500. I am slightly clueless how things will be in upcoming quarter but yes the price will increase but not sure when. Investors will be playing a key role this time as they can either go for bitcoin or Ethereum as they might not choose to invest in ICO like they did last year.

I still think this month is a good timing to go back to over 9 thousand dollars, after all everyone is expecting bitcoin to stay around these levels or go down right now, nobody expects bitcoin to be 9 thousand tomorrow right? How many people are ready for something like that?

So, if whales decide to manipulate the market and make the price go up, they will be the few who made a profit from this and that is why I think they are working on it. Yeah, it may take some time to collaborate together again for the price manipulation but if they manage to I think the next 10 days is very crucial for them. If the price goes up in November or December that would be expected because price has been low for a while now and eventually going up is expected but if it goes up in the next 10 days that would be unexpected.

Nope, bitcoin going otherwise, get back anove $8200.
It won't fall to $7200 anytime this month, even drop to $7700 seems doubtful at this point.
Probably bitcoin will start to slowly climb up to reach $9000 next month.

Nope, bitcoin going otherwise, get back anove $8200.
It won't fall to $7200 anytime this month, even drop to $7700 seems doubtful at this point.
Probably bitcoin will start to slowly climb up to reach $9000 next month.

Bitcoin price drop now at $7900 so i think its gonna be drop around $7200 before the end of this month.
And many investor that will gonna buy for it because they are waiting that bitcoin price will drop.

Bitcoin price drop now at $7900 so i think its gonna be drop around $7200 before the end of this month.
And many investor that will gonna buy for it because they are waiting that bitcoin price will drop.

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I don't think Bitcoin's price would hit 8600-9K USD before the December month! Bitcoin's price recent movement is not positive enough to think 9-10K USD. I heard BTC would hit 10K USD in October, there were many predictions about it, but again, those predictions are now failed! So, this year may gonna be the same as the previous year. The crypto market can dump in November! Again I don't know the future, this is another prediction according to my research!

It's indeed very likely that we will see the same scenario unfold, but with less damage this time considering the fact that we have not had an extremely parabolic bull run similar to 2013 and 2017 so there is less to shake off.

Obviously, that's just an opinion of mine and we can still head for much lower levels.... markets don't always have to repeat the past, no matter how much fundamental growth they have gone through throughout the last couple of years.

So, this year may gonna be the same as the previous year. The crypto market can dump in November! Again I don't know the future, this is another prediction according to my research!

Actually people don't care about ETF's anymore. Back when it was first being discussed, it might have been important, but now it has been rejected so many times that traders, serious or casuals, just don't care. And I think that's the way it should be.

Remember when everyone was losing their shit about Bakkt launch and the BTC futures then? See what happened? BTC crashed rather than gaining momentum. So let's not worry about BTC futures. If it happens, good.. if not, who cares?

That is not a very accurate chart. Your lines are not done properly. The 200 day avg you talk about is not what you think it represents. So why don't you leave this to the pro's eh?

Sadly market does not move based on sentiments. $8000 is not a true support zone. It is $7600. Take a look at the charts before you say that $8000 is the support zone. Just because there are some corrections at that level, does not mean it becomes a support zone.

First and foremost, I think $8,000 is the very core of support so it's not impossible to touch it anytime. If there is no FUD then the market will eventually go up following with the sentiments of the people.

The only problem now here is how would Bitcoin break or even reach the $9,000 resistance within this Q4? FOMO would start if the people see some positive sentiment that would eventually starts the bull run but I doubt it will happen this year.

Returning to $8k is not impossible, especially with the small difference in price from current prices. if the market conditions are not strong, the price will not be able to penetrate to $9k in the near future. and moreover the market is still very sensitive and easy to panic. the slightest bad news can trigger prices down to $8,000. so for now hope that prices can go up and FOMO happens in the market.

Returning to $8k is not impossible, especially with the small difference in price from current prices. if the market conditions are not strong, the price will not be able to penetrate to $9k in the near future. and moreover the market is still very sensitive and easy to panic. the slightest bad news can trigger prices down to $8,000. so for now hope that prices can go up and FOMO happens in the market.

in my personal opinion, there might be price fluctuations one week before Bitcoin Futures is launched (only predictions). I personally as a trading player who is more inclined to technical analysis, of course, will be more hopeful if the process of launching Bitcoin futures does not have a significant impact.

I think we can broad into $8600 zone all of this year, bitcoin looks to be prime to explode soon but at the same time it looks like it will end up the year very strong as well, by the end of 2019 and start of 2020 we could be way back above $10k and reach to a new yearly highs. 2018 had a yearly low of 3200 dollars, because that trickled down to 2019 we had a yearly down of $3.4k on 2019 as well but we did moved around $4k half of the year, now on 2020 we gonna have at least $8k+ on the bottom, I doubt it will go under that price again in all of 2020 because halving is coming so the bottom is basically doubled.

It is just such a great feeling to see bitcoin grow so much, it is like watching someone grow, we knew it as a baby a decade ago and now we get to see it grow to be something big.

I believe bitcoin will not touch the price of $ 8000, in my view bitcoin will be in the position of $ 8800. I think this is the end of October, but to overcome the $ 9,000k resistance it shows at the end of the year.

The support of Bitcoin right now is at $8300 and if it can't hold it then the next support is around $8000. There is at around 50-60% chance that it will go higher at around the $8600 zone since the charts are showing that Bitcoin is bullish at this moment for the short term. The next resistance is at around $9200.

until now I am still waiting for information that contains FOMO in it. Well, I think the price of bitcoin is so close to the price of $ 8,700, I think it's pretty easy. however, given the current situation, the fact is that bitcoin is really trying to reach that price. I don't know whether today or tomorrow the price of bitcoin reaches $ 8700, but I'm pretty sure bitcoin can pass that level this month. however, some analyzes that exist today say that if the bear market occurs, it could make the price of bitcoin fall to as low as $ 7700.

I say that the potential for bitcoin to touch the support of $ 7,500 as predicted by many parties is very likely. moreover, the fall of bitcoin in August 2019 and what happened today, will increase the panic of traders or new investors. This is also how they dig and receive information related to bitcoin and BAKKT later. If more and more FUDs are scattered, it could be worse than we thought. Except later, investor confidence will improve, more good news and FOMO may occur. Bitcoin may re-test at $ 8,600 resistance.

Some people want to bet on todays price, guess it right every day and you will soon do better then the ones waiting for 18k which could be years from now.

8600 is the 200 day average so its already fought that battle and come back down from there.     We are on the 8 day average now and its been some support.



Theres a descending trend above, when the two meet we get some fireworks happening I would guess.   So far the general picture to me is consolidation of previous price moves and some negative while below the 200 DMA

When we hit the $8800 yesterday the rejection was pretty dramatic and very bearish. The outlook is not looking good. I am expecting a run to the $8500 area and from there the bears will appear and try and short it down to the $8000 area again.

The $8800 is significant because it was the high on Sept 25 2019 which was the day after the $9000 support broke. I was expecting at least $9000 area to get tested however looks like the whales front-ran many traders who were either going to use $9000 to get out at break-even or use it to enter a short. If we get more daily higher lows forming then I will be bullish again but now its too early to tell the outcome.

When we hit the $8800 yesterday the rejection was pretty dramatic and very bearish. The outlook is not looking good. I am expecting a run to the $8500 area and from there the bears will appear and try and short it down to the $8000 area again.

I was expecting at least $9000 area to get tested however looks like the whales front-ran many traders who were either going to use $9000 to get out at break-even or use it to enter a short.

Bitcoin got really close to your mark but since then the price has been going down, to me we are in a very difficult situation for those that are trying to predict the market, the price of bitcoin is being too erratic, so before I commit my money to one side or the other I prefer to wait and look for a very clear signal that the price of bitcoin is going to take one direction or the other, obviously this way of trading does not produce as much profits but it is safer.

It seemed we are finally over that Bakkt bear time, I mean it all depends on where it will go from here but at the end of the day we broke the trend and thats what matters to us, if the price kept going down and up around the same price it would have been a boring period but we broke it and now we are above.

Bulls should be coming in any moment now, I am expecting another $10k+ soon, and I mean really soon, like a week from now we should be at around $10k. People do not realize the importance of breaking the trends upwards, all the increases in bitcoin world happen right after we moved above the trends, no exceptions, which means bitcoin will once again go to a high price if history repeats itself. I wouldn't mind going above $13k as well once again but I am realistic and say $10k is enough.

It seemed we are finally over that Bakkt bear time, I mean it all depends on where it will go from here but at the end of the day we broke the trend and thats what matters to us, if the price kept going down and up around the same price it would have been a boring period but we broke it and now we are above.

Bulls should be coming in any moment now, I am expecting another $10k+ soon, and I mean really soon, like a week from now we should be at around $10k. People do not realize the importance of breaking the trends upwards, all the increases in bitcoin world happen right after we moved above the trends, no exceptions, which means bitcoin will once again go to a high price if history repeats itself. I wouldn't mind going above $13k as well once again but I am realistic and say $10k is enough.

People in the world of cryptocurrency especially those interested with Bitcoin are happy and ecstatic to realize that their favorite coin made a good pump and is now hovering at around $8,500 which I did not see coming because I assumed that it will be moving sideways in the vicinity of $8,100-$8,200. Those who bought their Bitcoin when it dipped to $7,700+ are now thinking if it is more advantageous to convert them to USDT take some profits and wait some more time for another dip.

I am taking a good quote here from an analysis: "On October 7, the Bitcoin price made a rapid upward move from $7700 to $8300. On October 9, cryptocurrency analyst @D4rkEnergYYY identified a bull flag in the BTC price, which is a bullish pattern. Furthermore, since this pattern allowed the upward move from October 7, it is very likely to act as a continuation pattern. The potential target following a breakout from this move is found at $8600."

Do you agree that maybe today or tomorrow Bitcoin can get past the $8,600 territory and maybe head on towards the $8,800 - $9000 mark?

Bitcoin will growing faster so your expectation will possible on end of this month. But yesterday we are all see some gradual growing in crypto market and again it is slowly get back to the 8.2K USD. Many experts are said it will cross the 13k USD on end of the year because we are all see some good growing on this year and little dump last month so mid term and long term relationship is good for this project.

Do you agree that maybe today or tomorrow Bitcoin can get past the $8,600 territory and maybe head on towards the $8,800 - $9000 mark?

Bitcoin will be moving back into the $10k zone very soon before october comes to an end.  In as much that Bitcoin might be struggling at the $8k at the moment, i see it entering back into the $10k zone before october comes to an end.

If only speculation, i will agree if bitcoin will reach $9000 or more. Because maybe it is time to accumulate before halving. But i am concerned too about christmas, usually price dumped because people withdraw their money to do holiday. Maybe sometime market volume trading not much as usual.

People in the world of cryptocurrency especially those interested with Bitcoin are happy and ecstatic to realize that their favorite coin made a good pump and is now hovering at around $8,500 which I did not see coming because I assumed that it will be moving sideways in the vicinity of $8,100-$8,200. Those who bought their Bitcoin when it dipped to $7,700+ are now thinking if it is more advantageous to convert them to USDT take some profits and wait some more time for another dip.

I am taking a good quote here from an analysis: "On October 7, the Bitcoin price made a rapid upward move from $7700 to $8300. On October 9, cryptocurrency analyst @D4rkEnergYYY identified a bull flag in the BTC price, which is a bullish pattern. Furthermore, since this pattern allowed the upward move from October 7, it is very likely to act as a continuation pattern. The potential target following a breakout from this move is found at $8600."

Do you agree that maybe today or tomorrow Bitcoin can get past the $8,600 territory and maybe head on towards the $8,800 - $9000 mark?

Let's start. We have two charts: $BTCUSD on the left side, $BTCUSD on the right side. You might or might not know it, $BTC really likes to draw the same patterns or combinations of patterns on both, small and big time frames. On the left side there is a 2017 bull-run, while the right side shows nowadays.

I hope you've already noticed that on the right side there is forming a bullish pattern - Double Top. This pattern indicates the next high at the $15000 level, the local ATH is located at the same $15000 level. On the left side we have the first ATH at the $19000 level, but the second local ATH was located at the $15000.

I can explain this difference by the fact that in December 2017 the price was pumping insanely, everyone expected ATH at $15000 or $17000, but not at $19000. Thus, previous ATH was formed “by accident”, unlike the current ATH ($15000) which is adequate.

No matter how strange this sounds, but I don't mean that the price should simply go down after the formation of a Double Top . If we take a look at the chart more globally, we would notice that the price is forming another large Triangle with the flat resistance and ascending bottom, which means that the price will break through the $15000 level and will form the same Double Top in the $19000 zone. This pattern, in its turn, will form another triangle with flat resistance on the weekly chart and then the charts will be completely identical.

If only speculation, i will agree if bitcoin will reach $9000 or more. Because maybe it is time to accumulate before halving. But i am concerned too about christmas, usually price dumped because people withdraw their money to do holiday. Maybe sometime market volume trading not much as usual.

The ETF proposal will be rejected as others have been because it allows pension fund investment that they dont want involved with BTC and also sanctions a foreign market.  I dont think anything has changed for them until the ETF is quite restricted in potential users, they wont allow it like GLD for example.

8600 is the 200 day average at the moment so it is struggling some.  I think we have a small area its trying to break out of with small bearish and bullish trends.

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I have doubt Bitcoin will have a hard time breaking to $8,600.

If only speculation, i will agree if bitcoin will reach $9000 or more. Because maybe it is time to accumulate before halving. But i am concerned too about christmas, usually price dumped because people withdraw their money to do holiday. Maybe sometime market volume trading not much as usual.

If only speculation, i will agree if bitcoin will reach $9000 or more. Because maybe it is time to accumulate before halving. But i am concerned too about christmas, usually price dumped because people withdraw their money to do holiday. Maybe sometime market volume trading not much as usual.

If only speculation, i will agree if bitcoin will reach $9000 or more. Because maybe it is time to accumulate before halving. But i am concerned too about christmas, usually price dumped because people withdraw their money to do holiday. Maybe sometime market volume trading not much as usual.

It is possible that the recent price increase may be due to this:

Bakkt’s Bitcoin Futures Trading Volume Soars 796% in One Day: Report

And if this really is the cause of the price increase, then it shows that we need more demand for the price to increase to reach $9000

Do you agree that maybe today or tomorrow Bitcoin can get past the $8,600 territory and maybe head on towards the $8,800 - $9000 mark?

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Do you agree that maybe today or tomorrow Bitcoin can get past the $8,600 territory and maybe head on towards the $8,800 - $9000 mark?

Those who bought their Bitcoin when it dipped to $7,700+ are now thinking if it is more advantageous to convert them to USDT

bitcoin now trading around 8500 per btc. prices try to broke bearish trend that dominate especially since start bakkt.yesterday the market showed that bitcoin can pump easily at any moment .in my opinion bitcoin will back to level 9000 ---10000 next days

around $8,500 which I did not see coming because I assumed that it will be moving sideways in the vicinity of $8,100-$8,200.

Those who bought their Bitcoin when it dipped to $7,700+ are now thinking if it is more advantageous to convert them to USDT

Do you agree that maybe today or tomorrow Bitcoin can get past the $8,600 territory and maybe head on towards the $8,800 - $9000 mark?

I assumed that it will be moving sideways in the vicinity of $8,100-$8,200. 

Do you agree that maybe today or tomorrow Bitcoin can get past the $8,600 territory and maybe head on towards the $8,800 - $9000 mark?

Even bitcoin is fast on rising you should know that bitcoin is also fast when decreasing. The price of bitcoin might be stable in the price of 8400$ to 8800$ but, yesterday the price of bitcoin step in the price of 8600$ and on that time I believe it will continue on increasing. There are 21 days before the end of October so let's see if bitcoin will hit the price of 9000$ or it might surpass that price. But, it is better if bitcoin will totally surpass that price.

Of course I'm sure Bitcoin will be able to rise to $ 9,000 but that's at the end of October, but if it happens tomorrow to redeem $ 9,000 then I'm happy bitcoin moves so fast and by the end of October it will be more than $ 9k.

bitcoin now trading around 8500 per btc. prices try to broke bearish trend that dominate especially since start bakkt.yesterday the market showed that bitcoin can pump easily at any moment .in my opinion bitcoin will back to level 9000 ---10000 next days

Based on cmc, it briefly touches $8600 and then we are back in the $85++ region again.

Of course I'm sure Bitcoin will be able to rise to $ 9,000 but that's at the end of October, but if it happens tomorrow to redeem $ 9,000 then I'm happy bitcoin moves so fast and by the end of October it will be more than $ 9k.

Of course I'm sure Bitcoin will be able to rise to $ 9,000 but that's at the end of October, but if it happens tomorrow to redeem $ 9,000 then I'm happy bitcoin moves so fast and by the end of October it will be more than $ 9k.

People in the world of cryptocurrency especially those interested with Bitcoin are happy and ecstatic to realize that their favorite coin made a good pump and is now hovering at around $8,500 which I did not see coming because I assumed that it will be moving sideways in the vicinity of $8,100-$8,200. Those who bought their Bitcoin when it dipped to $7,700+ are now thinking if it is more advantageous to convert them to USDT take some profits and wait some more time for another dip.

I am taking a good quote here from an analysis: "On October 7, the Bitcoin price made a rapid upward move from $7700 to $8300. On October 9, cryptocurrency analyst @D4rkEnergYYY identified a bull flag in the BTC price, which is a bullish pattern. Furthermore, since this pattern allowed the upward move from October 7, it is very likely to act as a continuation pattern. The potential target following a breakout from this move is found at $8600."

Do you agree that maybe today or tomorrow Bitcoin can get past the $8,600 territory and maybe head on towards the $8,800 - $9000 mark?

People in the world of cryptocurrency especially those interested with Bitcoin are happy and ecstatic to realize that their favorite coin made a good pump and is now hovering at around $8,500 which I did not see coming because I assumed that it will be moving sideways in the vicinity of $8,100-$8,200. Those who bought their Bitcoin when it dipped to $7,700+ are now thinking if it is more advantageous to convert them to USDT take some profits and wait some more time for another dip.

I am taking a good quote here from an analysis: "On October 7, the Bitcoin price made a rapid upward move from $7700 to $8300. On October 9, cryptocurrency analyst @D4rkEnergYYY identified a bull flag in the BTC price, which is a bullish pattern. Furthermore, since this pattern allowed the upward move from October 7, it is very likely to act as a continuation pattern. The potential target following a breakout from this move is found at $8600."

Do you agree that maybe today or tomorrow Bitcoin can get past the $8,600 territory and maybe head on towards the $8,800 - $9000 mark?