Bitcoin Forum

The crypto-currencies showcase is grabbing a seat today after a solid run-up. Bitcoin is holding in the $9,300 territory at mid-morning subsequent to ascending as high as $9,500. The subtle $10,000 hindrance is in locate, however the walk towards it continues getting slowed down by anxious speculator pullbacks.

I don't know what you guy mean. I think btc is now sizeway and it's quite normal and good for the return of the King in the long run. Traders can take profit after buying around bottom areas. If btc reduces about $500 and break
short-term supported area at $8600, it may, to some extents, taking a breath as you said. However, i don't think that btc shall break that price. Just wait for mor supporting information for btc to surpass $10000  ::)

It's true that the trip to $ 10,000 is currently a little slow and steady, but I think in the near future it will surely pass the price fence up.

it is called accumulation (https://www.investopedia.com/terms/a/accumulation.asp). and right now the wise money is buying up bitcoin and literary accumulating more bitcoin in their pockets while keeping the price low near $9000 and preventing the rise from breaking out for the time being. as they run out of money to buy bitcoin the pressure will be lifted and the "lift off" will start.

More likely the $10,000 will be reached by this month, i can say this by observing how the market is looking right now. In most cases it will probably raise more than that, i think it will become $12k+.

True that there is lot of speculation in bitcoin right now too. However, in comparison to the last year, I believe that the volatility is somehow low and people are becoming more aware about the prospects of bitcoin.

It's a normal and mini correction that it has to get through.
We are starting this month of May and that's possible and likely to happen that we'll see it very soon bitcoin hits $10,000 as it's trying to stabilize now at $8,500 - $9,000.

Bitcoin has face alot of challenges in market price, and it over the challenges, which many other alt-coin benefits, where the price movement is going high to Normal 10,000 USD and is going to be more than that in time coming, Bitcoin has done a great job, by maintain his position and is the best for a short time investment.

Ye, of course Bitcoin needs some break sometimes and I know it will go up so good next time. In time everybody will be FOMOd again.

More than 20000 this year!

bitcoin rises always miss the expectation, great when careless pay attention to the graph rising in the market bitcoin always give surprise. I think the best keeps holding it until the peak of the price increase really comes and stabilizes.

it takes about 2 months for bitcoin to drop from all time high ($ 20k) to the lowest point (about $ 5k). Within 2 months it is enough to give big trauma for most traders. This is because the bitcoin drops to about -70% of its peak value. Even today, there are still many people who are still in a loss because buying bitcoin above $ 10k. Surely this will affect the process of recovering from bitcoin.

yes, so far so good.. if this is not short time correction, I would be very happy, cause that mean bitcoin will steady to gain back all its value... and I hope by end of the year we will see price  three times more then now

And it went down as expected, but it has nothing to do with "anxious speculator pullbacks" as it clearly shows in BTC's 4H chart that it has completey broken down from a descending triangle which is a bearish formation. In the short term BTC is looking Bearish as it also currently forming another bearish flag which could sent Bitcoin down to 8,600$ - 8,700$. RSI is still overbought and MACD is bearish but this could be just a temporary dip for BTC's successful run.

Dips like this shouldn't be worried about as it is a way to establish a more better run for BTC on its way back up to 10,000$, hoping for BTC to go back up now above to 10k will be a bad thing to hope for.

the "walk" towards $10000 slowed down as soon as price reached above $9000 and everyone started their accumulation of bitcoin. it is not slowing down it is already slow because of how this phase generally works and it only needs time to come to an end and we see the real rise happen.

My bullish sentiment tells me that this is healthy pullback before we consolidate around the high 9k's to try to test the 9.7k resistance (or even 10k) later this month, so the current prices (8900-8800 right now) could represent a perfect opportunity to buy cheap before the next uptrend begins. So anyone who has some fiat left should either buy asap or wait to see if we go lower and then buy.

currently bitcoin in my opinion will be at the price of 9000 and 10000 $, so bitcoin this year is more suitable for short-term investments, because the increase will not be like years ago, this is just my personal opinion

I am not worried at all, when I see how nicely the community is growing and that there are some large heavy weight investors just waiting for proper regulatory guidelines...

at any price and any bad news about bitcoin I still believe and be sure bitcoin will progress and the price will go up and take advantage of the opportunities available for investment with bitcoin

Although the price is not up yet, but I think it will soon move up, and the current stable price is good for buying and holding.

Yep, it will continue to soar high his year. So better to wait for that moment, than to missed the train.


Its ok to move slowly because in the long run, it will surely go higher. The price are playing around $9k level but I think there's a strong support that can help the price to go up high.

Yes i think so too. This 9k barrier is the only hindrance but once we break through this I think we will have a continous ascending of price. Many investors are still reluctant and careful that this rise maybe a trap or could go down in a blink but i dont think this is a trap this is actually a good sign that the cryptocurrency is booming and going for a lively market.

Although bitcoin runs slowly to 10k, but I think bitcoin will soon reach it, and even bitcoin will soon pass 10k in the near future.

If they are thinking that this is still a trap, they have to move on. If this has been a trap then we went back to $6,000 during the last correction but it didn't. The movement is in slow pace but I'm not hasty and rushing to see a quick dump after a rapid pump.
It will be there again soon but we don't know on what's the exact day and time. We just have to depend on daily demand and look for long term gains.

Looking at the impulsive nature of the movement, it is just simply a correction which I believe as it is, we should not even be scared about as we will definitely go test the $10k spot from there since we actually hit past the $9000 already towards it.

After this corrective movement, we should get to see another momentum build up for that and by then, I guess we should have some pretty good fun however it turns out. Consolidating periods are usually launch the market toward next big bull rally. If we read the charts, we can find such zone happening well before any big bullish movements.

Yeah, many people are at losses. Gotta hodl out the crashes and just ride the roller coaster. I do think Bitcoin will recover long term, but I am surprised to see how much it has gone up recently.

Be calm, sir. bitcoin is not breathing, but yes it is taking a square to directly surpass the price of $ 10,000 in May. I think bitcoin always feel up to like surpasses, beyond the previous prices. all of this, of course, needs support and encouragement from us, especially from market pummel, to price quickly and very easily penetrate the numbers we all expect.

Big adaptation, hype, Fomo's and innovations made the bitcoin $20,000 plus the ATH last quarter of the year and it is surprising that it made quite stagnant at the phase of $9,000+ breaking the resistance wall of 10k compared to the last year the same quarter you will realize that the major crash this year is nothing to the improvements it made maintaining that price is quite is fascinating nevertheless the majority of the investors made a decision to hold the majority of their diversified coins while the others are making regular trades.

There is a lot of people taking their profits at the $9500 level which seems to be the major resistance that is preventing bitcoin going up further in this pump. I've been expecting this ever since this pump started, though.

From a long term holder's point of view, none of this really matters.

From a trader point of view, though, this isn't the start of a new bull market that people may be looking for because there just hasn't been enough time for prices to consolidate yet after the previous huge bull market. And with just one small rally, people seems to be back to buying irrationally due to FOMO again. That's obviously never a good time to enter the market for the short term.

Let us hope it will do quicker than we we could speculate. The momentum with the spikes on the chart is still pretty good but things are looking a bit bearish from my angle right now. Yes, that would not be immediately as we can get to see bitcoin making this move in coming weeks. I do not know why I am still not convinced yet that we are about to enter a bull market, which I feel mostly that the bears are really somewhere around the corner.

Only those who are mature enough to ride the roller coaster may end up making big returns with bitcoins. Making good return is not an easy task for all of us, we all need to bear the losses until prices do the recovery process. Hopefully, bitcoin will start another marvelous bullish ride in very quick time itself.

I think the mild corrections before Bitcoin price value will reach the $10,000 is not yet complete so i think we should extend our patience of waiting because if not then we could apply the sell high and buy low strategy as Bitcoin is moving up and down between $8,800 to $9,500 in which in favor of day traders. Hopefully, if the price will start to rise up again and will reach $10,000 then we could expect that the mild correction is over.

if you see such a price better patient patiently first, the price difference is only a little, what if later the difference in price away we have a huge advantage.

I think we are now set to see bitcoin moving the way every other assets should move. We are having a predictable price movement and I think bitcoin is gathering a very momentum for future price upward movement.

The current worries will only be experienced by people new to the crypto world, it is uncertain of the current bitcoin incident, perhaps most of the pronunciation raises alarming speculation and may affect others as well, of course whatever happens to crypto does not make me worried, especially with the fall of prices, it opens my chances to buy more reputable coins, believe in something extraordinary in the future or later this year.

I guess people are now cautious of buying bitcoin becaust they think that price might go down just like what happen in the last few week.  Aside from that, there are lots of holder who are losing patience and slowly unloading their stash.  We have seen it from time to time when Bitcoin is about to take an increase, dump always comes in.  So I guess it will take some time before Bitcoin canbreak the 10k barrier unless there is really a good news that will create FOMO to the investors.

It looks like there is a big resistance at $10k and it might take some time to cross that valuation. We need to have some interest in bitcoin so that we could attract investors so that we will have another rally, other than that i like seeing the price being stable and not moving in both directions like we used to see in the past.

10,000 is just a round number.   “Only Thing We Have to Fear Is Fear Itself”: FDR

Its not significant outside of perception, reasoning being BTC is global and the number varies everywhere outside USA.    What could matter more before then is momentum and how BTC manages itself from the recent rise:

https://i.imgur.com/RaVSMW3.png

200 DMA is most obvious area to watch. We are underneath but also I find this 50 MA on 4hr bars roughly matches the recent recovery and we are slightly bearish holding it as resistance so far


Daily moving average is a price that matters because it adjusts and also its correct in every nationality where BTC trades.   A simple nominal number with more zeros then usual is fixed and actually incorrect largely.

The price is slowly moving so I think $10k can reach soon. The moves of the market is really in the moment that it might go low or down so unpredictable. It is struggling this time so hopefully it will climb and can pass through to $10k so we can see a bull run moment.

Something major is needed to push it over the top of $10,000 and make it stick.

Ethereum had a pretty good push but it is not in relation to bitcoins price cause it did not move an inch when it happened. :(

Thing is that we don't know whether bitcoin is going to be able to reach the 5 figure mark during this bull run, or not. If it does, then there is a possibility that bitcoin is able to go up further in the 5 figure range. But the selling pressure at that point is just so strong that we haven't been able to break the resistance, despite multiple tries.

There are no guarantees that bitcoin is going to go down near the previous lows saw in January temporarily, but I think it's likely if we're not able to reach 5 figures during this bull run.

Markets are just not ready to take the next step into a fully bullish market, I don't think. We're still settling down/consolidating from the previous bull market, however you want to call it.

I wouldn't surprised if the market moving up , grow steady by $200 or $500 every week and closed by a crazy jump. Everyone expect to have the $20k value back soon and it's so frustrating if you keep thinking so. Try to let it growth naturally and you'll find your investment are worth as the patient you put in there.
I would glad to see someone try to dump Bitcoin market and I'll just keep buying it.

People expecting the price to 'recover' to the $20,000 level again shortly are just nutters.

Let people ask themselves why the price went there in the first place, and then look at the difference between bull/hype demand and more conservative demand. You can't expect from conservative demand that it pumps back to whatever the all time high was last year. If there is no bull run or whatever, we'll eventually break through the $20,000 level again, but it will take way more time than most people here think. In other words, have patience.

That. As W.B. once said; if you are not willing to hold a stock (Bitcoin in this case) for 10 years, don't even think about holding it for 10 minutes.

That dust farter isn't always positive about crypto in general, but his quotes are solid.

I do agree with that statement, but the thing is that with Bitcoin we're dealing with a free and very immature market. In this market there is both short and long term exposure you can benefit from. Warren Buffett said that trading Bitcoin is similar to gambling, which I agree with, but if you purely focus on buy low sell high, the risks are minimal since corrections are guaranteed to happen. Even if you don't manage to buy and sell at the right moment, the spreads are so large that regardless of what you did, you'll catch profits. If you buy and sell in smaller fractions, you are spreading your risks in a better way, and thus you're more likely to buy bottoms and sell peaks.

Bitcoin isnt close to a stock though, I dont really agree with calling it an investment.   Theres no yield or share of business done by holding it.   Either the usage of bitcoin grows or the demand will not match supply meaning price is lower.

I guess I will call Bitcoin a commodity as its under active development, but it could relate to Forex also as its almost always used in payment or exchange of value.  Study of Forex or commodity markets would help weigh up the volatile moves that often happen and that very much sounds like how Bitcoin moves.     Its just supply and demand related, we have a known reduction in block supply but also have to speculate on its utility vs competitors .

The dollar price also relates to Federal Reserve policy, we generally rely on interest rates lagging effective inflation.   Someone described the national GDP in terms of BigMac prices, a food commodity and thats probably more accurate since inflation is not stated accurately.

Exactly,  it could be a good shows for us that bitcoin could really make some adjustments after a month's of being in dip. I know people are happy to see its growth and surely they don't loose their hope and make some investment again.

Agreed, the investors who were the backbone has felt much worse when the price went low. As the price has begun to show signs of growth little by little can expect more new investors who increase the demand causing the price to grow in a stable manner. Bitcoin taking breath happens quite often in terms of minor fluctuations.

Today I was surprised by the remarkably bullish behavior of bitcoin, in a week that was not expected to be especially volatile. Although it is true that for the rest of the financial markets, especially for the Forex market this has been a week with a lot of volatility due to the great pressure that the American dollar is suffering, we must take into account that bitcoin has usually remained oblivious to the dynamics of conventional markets, so it is difficult to find a solid justification for this interesting movement.

Investors play a lot of role in crypto currencies specially in ICOs, they are the main source of the economy because if without them prices of crypto currencies won't lift a huge effect. Bitcoin and other crypto currencies are growing slowly while some are pumping too fast that it almost drop down due to other's dumping.

$10,000 is near and just let those pull backs come as it makes the market healthier. It's giving space for those that haven't ride the train yet.
We better see the run in slow moving action than to see it pump overnight so this can be now the sign that we have been waiting for.
Let ETH push itself as it is just following bitcoin's path for it's positivity. And about the 'something major' you are talking about bitcoin.
Do you think this is a major thing?
Nasdaq is open to becoming cryptocurrency exchange, CEO says (https://www.cnbc.com/2018/04/25/nasdaq-is-open-to-becoming-cryptocurrency-exchange-ceo-says.html)
Goldman Sachs to Open a Bitcoin Trading Operation (https://www.nytimes.com/2018/05/02/technology/bitcoin-goldman-sachs.html)

It is crypto and there is a huge volatility in the price. Anything could be happened. You should observe the market before investing your money in cryptocurrency. For the time being bitcoin is not using like a regular currency and people are buying bitcoin only for making more and  more money so it is better to study the market and look the trend then invest.

Bitcoin is slowly in the moment to increase again. Those who in doubt to btc they must look in the history because btc wil surely giving a good profit this year. So they still have a chance to invest in bitcoin it will increase again.

Bitcoin is on the way up and people are investment in high volume because they realize that it is the last chance of having the price below $10k. They will never find such a low price for their investment. 2018 is the year of bitcoin and many people think that the price will be more than $20k till the end of this year. Now it is on the way upwards.

However, 2018 is different in my opinion. Bitcoin has been acknowledge by a lot of governments now, From Europe to Asia to Africa, Government started to notice its potential to affect their nation, either positive or negative that's why we see countries heavily regulating it today more than ever. As for the $10000 walk, again we almost did it last week, But we have been pulled back again momentarily. This is the second time that we have attempted to break that 5 digit mark, both unsuccessful. I don't expect it to make a run this week, because we even slide further today at $9100. But at the back of our minds, we all know that we can get to it, just waiting for the right timing so that we can finally get it. Maybe before the end of the month, bitcoin will be worth $10000. And we all call breathe and sleep tight.  ;D

This stability is nice for a change. Hopefully no big news comes about yet again to disrupt it. The industry is greatly in need of a break from all these negativity. Let's keep this momentum slow and steady.

This is the expected price raise for myself.I had holding 0.2 btc for very long.I had brought this bitcoin at the price of 7000$.Now I am going to sell certain percentage of bitcoin for the profit and I had plan to hold the remaining for the future.I hope the price of bitcoin will cross 12,000 by this month end.

The up trending is still very strong and I think few days to come bitcoin is going to be above $10,000. I have that the trend is more of the uptrend now than the down trending and if anything been equal before August bitcoin is going to be above $15,000 and we may hit $25,000 before December.