Bitcoin Forum

Bitcoin (https://cryptocoincharts.info/coins/show/btc) keeps up the bullish trend, with markets flirting with $8000 price levels once again after the cryptocurrency. BTC/USD markets (https://cryptocoincharts.info/pair/btc/usd) have however been met with certain resistance after the peak.

https://i.imgur.com/UqvXaXE.gif

Chart Source:

https://cryptocoincharts.info/pair/btc/usd/bitfinex/today

Seeing some sluggishness in the market right now after the initial huge pumps.

I'm guessing that $8k is the current resistance and if it can be broken then obviously we will see BTC go at least $8500-8600 and set another all time high there. It's pretty crazy right now and markets move fast.

Just needs some more buyers to get there, shouldn't be that hard at all.

But right now the price was fall and  i think the price was increase just because of news square  and more people are interested with bitcoin ..
And i am thinking that bitcoin price is also relaying what happen from last year from november to december  the price is increased so this time it can be also be the same that the price will increase more soon..

As was always the case, when a new ATH is achieved, there will be some quite of resistance appearing somewhere on those levels. Luckily, CME would likely clear those resistance out, and price pumps might come mid-December and breaking the $8000 barrier would be easy as pie. We might have expected a new era of bullish trend with bitcoin's past surges. Let's see how institutional investors play their cards once they settle in.

Thanks that you shared what we already know,OP.I`m glad that there won`t be any hard fork untill the end of the year and the bullish trend will continue.I believe that this is a stable price increase and not a speculation 
bubble.There`s no need to share invalid images,OP.We can check the charts without your help.

A point to be noted is that institutional investors will not only go long on Bitcoin, they might try shorting it as well. We are yet to see if the markets can withstand a sustained amount of short selling.

Yeah, I agree. December and CME will deinitely be awesome times. I would prefer however that it does not become too awesome, because it could perfectly for me reach 20 000$ in a month and then fall back to 5000$, basically turning all those new people away forever.

i believe it is just a temporary resistance mainly because of the situation that the market is in right now. with all the FUD still flying around, all the altcoin pumps that are happening including the bitcoin cash which is proving to be hard thing to dump! and on top of it there is still some weak hands uncertain of the near future of bitcoin. thinking things may go south.

One more hundred dollars and we are going to be touching a new all time high  ;D it is just matter of time until the CME starts adding bitcoin to their futures list, and the price of bitcoin will skyrocket as it has never did before.
Lets just wait a little bit more, i was going to sell my bitcoins soon, but maybe i will wait a little bit longer because it seems that there are going to be a lot of interesting things during this week, and maybe the waiting might be worth it at the end.
Neo has been probably the only altcoin that has decreased a lot today, anyone knows why? more than -15%.

The price of bitcoin at this moment is 7900 dollars and it's closely to 8000 dollars for sure will increase more in the next few hours so be ready guyz maybe we see again the price of 8k dollars later. More bitcoin more profit to come with you. Hold your bitcoin because the price become 10k dollars before end of this year 2017.