Bitcoin Forum

The cryptocurrency market has had a weak 24 hours of trade with declines being seen across the board. Currently BTC is resting along the $9,000 – $9,200 support level. A fall below $9,000 should raise some concerns, but there is support at $8,800 and stronger support near $8,450. There is a possibility, that the close below $9,000 could indicate a break in the current trend and push prices back towards $8,400. But, anyway, the technical setup for BTC and some of the altcoins remains positive, and it’s not a surprise that movement towards new highs is punctuated by pullbacks and 3 or 4 days of sideways trading.

The current setback will not happen for a long time, and there are also many altcoins that are less influential by the decline of bitcoin, and this is an opportunity to make another purchase and hold for a while.

so you qouted the prices.. well done. any kid can do that
but do you understand WHO or what those supports are. do you know any news beyond looking at a price chart and drawing triangles based on an arbitrary number that has no meaning (50day-200day)
do you even know why those numbers were picked. and also why they work for fiat but dont work for bitcoin

EG do you know the current cost to mine a coin to know what price pools will avoid selling below.. to know what support line mining pools sit at and would create. as their bottom line

anyone can just look at a chart and pick 2 random days of 20-30-50-100-200 days ago and create a triangle. but if you choose different moving average parimeters you will get different angled triangles offering different "predictions"

yea i know trend analysis is not about predicting the future but instead pushing out a slew of numbers hoping people with bots will sheep react to your scentiments for you to have a self fulfilling prophecy. but to put it bluntly

without screaming out prices of the past as your reason to predict the future. have you got any substance.

by the way
"close below $9000"
sorry but bitcoin exchanges never close. seems you grabbed a few FIAT buzzwords but have yet to understand that bitcoin is different

Did you click bait us? Waiting for the the header explanation any day now...

Strong close today for a bullish move upward.

No......another bullish is coming soon not going up anytime soon

probably, because every day the topic is discussed is about the price is going down and will soon rise. they definitely need an explanation of the reasons why the prices are at the pump and dump.

i disagree. it was proven multiple times that even though price goes below $9000 but there is still a very big buy support that doesn't allow any further drop and is continuing to buy bitcoin in this channel. of course all of those who have been accumulating bitcoin want lower prices to buy but they are all content with even a 5% discount.

Most of the popular technical tools are pointing towards bullish market and that means were are more of the bullish trend than bearish trend. Many positive news are also come up about the market and we are to see price above  $10,000 in days to come.

I hope it goes up within 2~3days
but it has possibility to go up or down
because from yesterday the volume became very low so it has both way

It wouldn't raise my concern, it would actually flush out a lot of the irrational buying that has been going on in this short rally that spanned from April to now. I've expected prices to drop once it got close to $10k for a long time. But even if it does drop, it won't be like once prices hit $9k that's the end of the world, and everyone starts panic dumping. I think this adjustment will gradually occur and take time.

Right now, both the support and resistance are pretty close together, and as a result, prices are moving exclusively in the range of $8500-9500 without going below or above for now.

I wouldn't say that moving past $12-13k is too realistic of a prediction right now. Plus, you failed to mention any "news" that was promised in the title.

I am sure OP actually has no idea about all this what he wrote(copied),so all this is just ordinary plagiarism.Source 1 (https://www.fool.com.au/2018/05/01/crypto-update-bitcoin-btc-ethereum-eth-ripple-xrp-and-eos-eos-sink-lower/)&2 (https://bitcoinist.com/bitcoin-price-analysis-10k-are-we-there-yet/)

Let's go back to the topic,such news can not move price even 100$ up or down,it is just a regular mode of how news sites operate-write a lot, but does not say anything new and noteworthy.I think that it will take some more time before some major changes occur in terms of price increase,it is possible that only the last months of the year will be a little more "interesting".

There is a huge tendency of falling backward as the market is due for correction anyway and the trend we have now seems more like a bearish one since are beginning to form a lower highs and lower lows. I am envisaging a bounce from $8400.

However, based on what you said about falling back raising some concerns, the only thing that should be raising concerns is if the $7800 support breaks, then we should see some lower moves but I really feel the possibility of that is not much.

BTW, I thought you would be stating some News source which would increase some level of buying momentum based on your topic but all you dropped was just some analysis.

I'm been looking for that damn news OP has been telling with the title but there was none.

I guess I'll have to leave this news here.

Up 33%: Bitcoin's Price Just Had Its Best Month of 2018 (https://www.coindesk.com/33-bitcoins-price-just-best-month-2018/)

Now the price depends on a major player. But even a large player will not move the price by more than 15%. For greater growth, we need other levers.

lol yeah. i think OP was copying content from somewhere and was too busy changing the words that he forgot to copy the whole damn thing here :D


that is still not exactly a "news" it is just coindesk reporting what has happened, somewhat like OP actually. hmmm.
when you say news you kind of expect some reasons behind the rise and fall and some analysis.

haha I was wondering the same thing, I guess his "news" was that he thinks it'll go up  :P



I do see another pop upwards coming soon. The price corrected after the $3000 rise and held firmly at high 8000s - low 9000s. It looks strong at this level and should be ready for a bump up above $10k in the next week.

I am long on Bitcoin from this point. Only if Bitcoin breaks $8700 level, there is any cause of concern. Until that Bitcoin seems bullish and is ready to cross $10k level easily after this consolidation period gets over. The strong support at $8400 level made me optimistic about the price from here onward. Market is absorbing any kind of negative news successfully as happened with ETH recently. Thus, I am not much concerned about negative news hampering the price ATM. 

That's right mate and I guess this is just a click bait who needs attention. How come there is a range of price posted without telling us a further and concise detail. This is something to be concerned about because several cases happened that others keep stating some amount but no reference of why and how the price would be like that in particular. This makes others think deeply and curious and and the same time bothered whether a fact of a bluff.

Is it too hard to read my post(12), and you will see both source from where OP is copy/paste his post?I guess people rarely read anything else except open post and title...This is the kind of thing that needs little attention from all users so that forum looks better and more comfortable to follow.

He certainly did forgot the whole thing (link / source).

Yep it's not that a news, it's a report on how did bitcoin performed well for this quarter but this can also be a sort of game changer to give skeptics on how it's doing well.

I have read your post, I just gave my sentiment above that thing.

Oh yes this was a click bait  ::) :-[

I heard that Nasdaq Exchange going to be launched on october.
This will head bitcoin to 40k for sure. Than all sellers will start to cry.
October is going to be best Fall of the history :) but not price fall :)

Bitcoin will go more than that value for sure within this year.. t should probably reach around 25k by the end of 2018..

What news? You just merely gave us your own analysis on Bitcoin's future price movement, and your own "analysis" cannot be considered as "news" as like I said it is an "analysis". But let us give a go on your analysis. You only have mentioned their supports and resistances which is funny to me as there is no way to predict Bitcoin's movement with just those two, you can just merely use it to based your entry and exit points. And with your analysis you don't have any explanation on how the current sideway trend will go to 12300$-13500$. I agree on what others have replied that you just somehow copied incompletely an analysis of someone and make it your own.

Don't be too sure and over confident. It's not that I don't believe in the power of cryptocurrency or what it can do in the near future,  but just that we shouldn't be too quick to conclude that cryptocurrency will reach this price soon. This price may come this years, but you should know this price may come in the last quarter of this year or probably in the third quarter of this year.

this will create worries for people who want quick profits and have entered the bitcoin world with high hopes of becoming fast rich but for the people they are holding a year will not be a major concern. I clicked on this thread because of this:
" Bitcoin will go to $13500-12300$ because of this news "

What news are you talking about? Where is the news link?


strange that I did not hear anything and I read the news every day, if you could show the source of this news would be very good and I hope it is not a rumor, the last news I heard from them was this: Nasdaq CEO Says Company ‘Open’ To Becoming Crypto Trading Platform When Market Matures (https://cointelegraph.com/news/nasdaq-ceo-says-company-open-to-becoming-crypto-trading-platform-when-market-matures)

I believe this guy wanted to do a TA and gave the wrong title here instead.

@OP, great analysis there. But I believe that a break in the value seems impossible because the resistance levels are now becoming stronger support levels and that, we're following previous year's pattern which says that the value, once breaks 10k - will eventually lead us to the same bullish trend with full momentum that it'll not let the price to slip down back and just continue to move ahead to higher levels further. I follow both TA and FA, and I believe that both are looking in favor of Bitcoins and there's undoubtedly nothing to be concerned about till someone presses the wrong button and stops the spike.

Where is the news Kramer?

https://i.gyazo.com/51785e64740b7eab3b98fee3521ed78c.jpg