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

It had already break the $9k resistance and it is now playing at the range of $10K to $11K. We could already see a bull run looming in the horizon with so many good news about cryptocurrency, i am pretty sure this could pump up bitcoin value.

The  $9,000 resistance levels has been broken some weeks back and bitcoin has signalling upward trend since last week and it will have some resistance along the line but I am speculating a general upward trend that may push bitcoin above $20,000 before end of April. Like you have said, if you have any dollars some were now is the best time to buy and make huge profits in future.

I was moreso thinking in my head of disseminating information that was more educational than anything to draw those that are on the fence/considering investing in the tech as opposed to convincing/selling people on the idea of getting rich quick. I guess I did not convey it that way so thanks for the feedback. But yes you are right those types of ppl we don't want bc as fast as they buy in they leave just as quickly and we want money to stay in the decentralized system to fuel this new economy, and also to stabilize the volatility as much as possible which will in the end attract even more new money.

Almost reaching 10k USD again, I believe this is the start of bullish phase, just like what  High Cliff predicted, and once the bullish phase started, FOMO train will kick in that will possibly push bitcoin price to break its ATH.  Lightning Network will be the main thing here .  And see how cheap it is to send bitcoin unlike the previous  month.

The $9977 high makes me confident that we'll see a bullrun that will last weeks, who knows if we are going to test a new all time high soon. Many predicted it to happen in march.

The daily moving average is about to touch which is a very bullish sign. We just need a couple hours more of upside. Of course the obligatory jackass had to dump at neat $10k but that was to be expected. We recovered quickly and we will burst through $10k soon. People that didn't buy the $5900 dip are going to start regretting real bad real soon, creating FOMO.

We'll see a lot of jumps. Bitcoin will live a long time and it will definitely grow in value. But it seems to me that the strategy of holding coins is the wrong strategy. Bitcoin should have a turnover and this will stimulate the growth of its popularity. I am a supporter of the price was stable but it is impossible.

Well, I really hope that bitcoin will hit and maybe get higher than $9 000 again. I have lost big profit because of the dump from $20 000 and as much as I want to sell at that price I do not need money that time. I still remember when I sell and then after days the price bubbled up where I lose possible 50% profit. It was really regretful but  I can't go back at that time anyway so I just have to live with what is at present. I really do believe that the price of bitcoin will climb up again and the fact that it is starting to rise now makes me happy. This past few months, bitcoin had faced so much when countries start banning it and its transactions but bitcoin had also surpassed it and no matter what happens bitcoin will still reign.

We are heading to 11000usd in few days. There are some good news for bitcoin,ethereum and litecoin.
This is going to be huge. I hope by the end of this year we will touch over 50k usd.

It already surpassed the 9k barrier now. It's really a good news to those who are anxiously waiting for the price to rise. I think, the correction is already over, and it's the beginning of another historic rise.

Getting the 9k I'm gonna be happy if stays between 8-10k for a couple of weeks. No hurry to get to 20k again, it'd better be not so volatile for a while and luckily we will avoid another bearish movement that we have suffered this year.

Yeah and it happened already after this big drastic price dump we already saw a good cgart uptrend as basis and more importantly the news is already positive that we can expect the fud is over its time to return.

Well what you said was true happened today. When i write this post, bitcoin prices have been trading for $ 9.459.11 - $ 9.518.54 wow amazing !!!.
See coinmarketcap.com
After the news "European Central Bank Dismisses Cryptocurrency Ban" seems to have a tremendous impact on the increase in bitcoin prices today.

That's reasonable. I don't think BTC will reach again $19K AT LEAST for a few months. I do think it will eventually surpass it though. Maybe even this same year.

Well I can't see it going to 19k in this bull run that's if it is a real bull run.  But I suppose a lot of people got a real surprise when it went that high a short time ago.  It could go that high some time in the future say next year but I don't think it's very likely this year.  But it's all just guess sometimes.

Let's just get this straight and quote for posterity. You mean you don't see BTC going past $19K never again or are you just talking about short/medium term?

Interesting how "easy" that 9000$ level is achieved in just a hour or less,and it is still holding above 9200$.Four days ago that level is reached,but it was very short-lived.This time the situation seems to be much better,and even if price went under this level it is likely to recover quickly.

What I've read in the analysis suggests that such a development of events could lead to testing 10 000$ level or even 11 500$,but it is not very likely that price can be hold in that range for long time.However the market seems to be recovering,maybe it is due bad situation on stock exchanges or less FUD in last days.

In my eyes Bitcoin is a wonderful thing that is now highly calculated by various economic sectors. With the existence of Bitcoin then I feel able to make various financial transactions easily, Bitcoin has changed many lives a person to be better than ever before. If you look at the current conditions then I am very optimistic that the price of Bitcoin could exceed 9,000 $ in the next few weeks. That's not limited to prediction, I've done the analysis and I see that there is currently a fairly steady increase in instensation so that the price can be achieved. The increasing use of Bitcoin will increase as well as the popularity of Bitcoin.

The next day or two is critical - if we stay above $9k, the next target is $9,800.

Yup. It didn't cost much effort to break through that level with such a sweet volume spike. BitTether once again exaggerated the whole situation with a 5500BTC volume peak. Current target is $9500-$10,000, where the higher number will likely take a few attempts again to break though, but at least it's a positive development. That being said, I honestly don't see much more upwards potential in the very short term than $10,000 (give or take a few hundred). It's a good first step, but that's basically all that can be said about it. I'm still very conservative regarding the very short term.

And boom, there we go. We just broke the $9k resistance at the time of this writing. Actually, I just saw it being mentioned by numerous people in Twitter and I literally ran to my laptop to check it. We still don't know if this will a bull run for the coming days and weeks but this is a good thing to have. This will be very important if it will hold its ground at this level. Hopefully, $9k will become our support line moving forward.

Now, I can shill it again to my friends and relatives.  Let's spread the word about it and start a FOMO train.

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!

I'm sure it will, the question is when. We can still revisit the low support and get a double bottom before we spring back up. I was talking about it a week ago, but somehow we are stuck in this right extended shoulder. It can't go on forever the price will have to break up or down. I'm thinking it will go up, but there's a possibility of a $5500 bottom. It's small, but many traders are still predicting it.

Yes, we should promote bitcoim everywhere we can especially to our friends and family because that is a very easy thing to do and it is free. The problem is that most of  the people wont going to waste their time to promote something for free, only if they earn something from it. I think they could promote bitcoin exhangers from where they can earn commissions if someone buys bitcoin through their refferal link.

Relating to you initial question, I think bitcoin will soon break the $9k line because it stays on 8500$ now for over a week. It is just a matter of time until the price will start to go up to over $10k, probaly a few more weeks but nothing more than this.

If you know anyone with millions of dollars that are on the fence share with them to invest lol But beyond that we can do something to get those those that are not yet in the game involved. You can start a youtube channel, start a page on facebook, or simply even start making posts about crypto that don't overexaggerate but do more to bring light to this amazing blockchain revolution that we are blessed to take a part in. Let's start sharing more with our friends and family, why and how we got involved in crypto don't underestimate the power of your story.