Topic: Will BTC break through the $9k resistance line? - page 2. (Read 494 times)

It has now gone over the 9k.  Which is good.  But I'm not convinced this is any sort of bull run.  I said a few days ago I could see it going to 10k but not further really and certainly not anywhere near the 19k it reached a while back.  If I had anything much to sell I'd take a profit either now or risk holding on for a little bit more. 

9k - check

Yes.

If what you are implying is to convince friends and family to invest in cryptocurrency to enable bitcoin to break the resistance as that is all I can correlate with your post and topic, then I really want to see where that leads you. Anyone who wants to be a part of the future, will know the questions to ask, so no need to compel anyone.

However, the market is looking ready for a bull rally with the head and shoulder formation and with a good volume we should be able to start a rally, we just need that confidence back into the market with all that has happened recently. It is just patience and a matter of time, before we see this happening, but I am very optimistic on the fact that we are done with the downtrend and I really hope I am right.

The market makers arn't as powerful as the whales though. I think if we have a third attempt at $9000 and fail, the shorts will be out in force.

The third attempt would be coming in at around chinese new year time.

I don't expect the third attempt to be a dud, instead I think that we have stabilized enough to make our way upwards. With the storyline being Chinese New Year and all that, and basically everything going up after the Chinese New Year being what people expect at the moment, a big pump is really in near sight.

But if it does turn out that this current bullishness is simply a bull trap, then all hell could break loose and we could crash down to around $7k again and settle at that level.

So BTC's near future in terms of price will pretty much depend on $9k hit or not, and not just that but if it can sustain at above $9k or not.

As more people point out in this thread I think that it'll break 9k, it's just a matter of time. Maybe not today because that resistance is there but I'm pretty confident that along the week it'll reach close to 10k. Not technical analysis from my part but I just feel that news last week and this week are being much positive. People can see that bitcoin has been able to deal with a huge decrease but it's survived and that it can come back stronger, like other times.

Bitcoin breaking $9k or not probably won't have anything to do with small time investors. But yeah, do that nonetheless if you really believe in the change that bitcoin brings to the world. If you're just wanting to make gains on your own investment then don't bother.

Right now, we're floating around the $8-9k, and resistance is obviously right up there at $9k as well.

I'm pretty sure that we're going to break it by Friday which is Chinese New Year. And then after the CNY we could see a reversal of January's trends and the price going back up to $10k+. Expect price to float sideways for the time being, though.

I think only resistances are psychological when it comes to cryptocurrencies. Bitcoin has one nice resistance around $10k, which I believe will be passed in 2 months or 3 maximum. It will return back where it left.

There is no given rule for how many times it is needed to fail to break through a resistance level ($9k in this case) in order to go down from that point, and especially so when it comes to Bitcoin's market. It may very well turn out to be more of a ping pong range than most of the chart readers here think it is. It's just a matter of guessing long enough till you eventually get a spot on observation. If you look at how profitable it is for market movers to just maintain this range, then there is basically no real need to break through the $9k resistance level. Slightly under $8k till $9k is a pretty decent money making range, especially if you have the ability as market mover to constantly repeat the ping pong movements.

Well we've had two attempts at $9000 already, and failed. If we fail a third time, down we go...

Someone of reddit posted the following chart, which I thought illustrated where we are at best:



I expect bitcoin will make it's third attempt to break upwards in a day or two (on the 15th at the latest).

bitcoin price resistance not 9k dollar
but 1ok dollar ten thousand dollar, need long time, because lunar year in china bitcoin price can down

From the start of the dip I have self confidence that BTC will start the real bounce back starting from March to April , It is only matter of time . We can see the break of 9k resistance before the end of this month then starting slowly to trend up and reach 12k by April . I do not thing we need to spam promote BTC , We already pass this era by miles . I think poepl should pay you for giving them the advice of investing in BTC or any other coin .  

Absolutely, probably in the next 2-3 weeks, maybe even less. Tho I'd rather have a stable price at around $10.000 than it going up and down every hour. But no doubt that there will be a jump for unleast 2-3k after 16th of february or even next week. Also, I have some feeling that we will see a huge jump somewhere in second half of may.

I don't think you should try to convince people to join crypto. This is not a ponzi scheme so we don't really need to "force" people to join and invest so that the price goes up. You can of course talk about crypto and try to explain what it is, and how it could change our financial system, but you should never try to convince them to invest because there are no guarantees that this will work. People need to make that decision by themselves, so that if they do invest, they will be able to survive all the speculation that surrounds crypto markets.

We don't need more people that were "convinced" to join, but didn't understand anything about it, and just bought some BTC because they actually expected to get some profit out of it.

I had some friends that did invest, after I talked to them, but I only told them my point of view, and explained them that this is very risky and it could fail (mostly because people are greedy, and will probably keep treating crypto as a bubble). They decided to buy anyway, and like me, have strong hands because they did their research, they only invested money they could afford to lose, and they will stay until we get full adoption or crypto goes to 0. These are the kind of investors we want, but we will not get them with "propaganda". Let's leave that to ponzi scams.

Yes bitcoins will overcome $9k soon, drop from $19k to $8k is pretty big so it would take some time for bitcoins to recover from this drop but I'm sure that bitcoins will recover from this drop like it has recovered from the drops in the past.I think there is high chances that bitcoins will start rising around March end or so.

the biggest seems to be passing btc can break the support of 9 thousand it's necessary to wait for the return of the Chinese and then the bad information is no longer relevant just to wait for people to regain confidence in bitcoin,  it's only a matter of time. and if we look at the evolution of the curve at each drop it gets up and comes back even stronger !

Everyone who’s taken the risk of puttng their money into the matter will never think about the total downfall of it. Everyone believes and hopes it is going to spike back once again for them to have a chance to recover their loses thought not totally loses but will be a sure loss if bitcoin price indeed is not going to recover. But who can assure them about it? No one knows, everything is just speculations and undying hopes.

it will.we just need additional volume so let's wait for chinese new year and and viola to the moon.

The question that Bitcoin will pierce 9 thousand remains open without a doubt! It's only a matter of time. You need to be patient and just wait for the Chinese New Year to finish. After that, money will start to return to the market and the price of all the violas will stabilize!