Bitcoin Forum

https://i.gyazo.com/35b0852d0c15e0b43c5587be5f95e1dc.png

Here is my reasoning. We are clearly in a tightening pattern with higher lows and lower highs. The last lower high is at $8275 and the 2019 high is at $8366. The monthly resistance is at $8491.

3 Resistances only 200$ a part from each other. If we break the first one, breaking from the pattern, a lot of stop losses for shorts and buys for longs will trigger pushing the price up quickly, we will reach 8366 in minutes, the momentum will be enough to break it and again, stop losses and buy orders will trigger which will, again, push the price even higher reaching 8491 in minutes too, at that point the momentum should be big enough to break it as well and we will face almost no real resistance after that point. This could happen today or in a few days, it's not guaranteed unless we break the first resistance, which might not happen.

Very nice observations, there's positive chances that this movements can happen any time soon, the value of Bitcoin is starting to rise again keeping this momentum can break those resistance that you've mentioned, it's just some good supporters to hold on and believe that it will bring much higher value if we keep on holding and allowed this pumped to continue more higher.

Bitcoin is giving signals it's really going to continue pumping. It's moving in a crescent line with small intervals (dumps) that aren't enough to push it down. Looks like investors are really confident on the market at this time and want to take bitcoin up.
9000 dollars now is just a question of time in my opinion. There might be some small dumps meanwhile, but the important is that the trend continues positive like on the last days.

We hope $9000 we finally reach for this week or end of this May of month is good to see $9000. So we can move for our next target which is $10,000 . I really think now bitcoin will finally break $9000 and the price of $8000 will not become lower because I think bitcoin now that is strong foundation value for this week. But we need more improvement again and more suprising in the bitcoin.

   Do not hope for another highs after 9000$. There will be idiots who will sell their founds to not skip the profit and with that step the price will crush back. So, do not fly high with your hopes guys.

What's wrong with having high hopes? Of course if you are a smart investor, you will always find ways to at least mitigate the risk, isn't it? The OP is just giving his own opinion and speculation based on TA, so I guess there's nothing wrong with that. Besides, Bitcoin has been in a rally for four months now, so it's about time for everyone to really forget the long bear season we had. Look for positive indications for future price and at the same time, understand how you're going to mitigate if something doesn't goes our way.

I'm not sure that in a few days, however, by the end of May, Bitcoin is quite capable of reaching a price of $ 9,000. Today we see that Bitcoin already seems to have crossed the price of $ 8,000 for the third time, and now its price, according to the CoinMarketCap, is $ 8,104. This year Bitcoin is growing moderately, moving away to a shallow correction, and this is a sign that it will continue to grow in price. Therefore, in the near future, it should rise in price to $ 9,000 and, most likely, it will continue to grow.

The current consolidation is getting very tight. I'd be very surprised if it lasts longer than 3 days from here. Traders will be antsy once we approach the upper bound again. I think this will break upwards by the 27th, and possibly way before then.

After that, I'm not sure if we should be targeting $10K or $13K or $15K......we'll just have to wait and see how momentum looks, then react. No matter what, my bias is still pretty bullish right now and I'm expecting new highs just like the OP.

Nothing's wrong with hoping for the best. We're on the $8k period so it isn't impossible for the market to reach that value.
As holders, we should be optimistic and must always look for the capability of Bitcoin rather than being too negative.
As we could see, the market is continuously going upwards.

It can be achievable in the few coming days... There seems to be some resistance around $8500 but when the price breaks out, 9k will be achievable almost a few hours to days later.
8K on Friday and probably this whole weekend is a good sign of something good coming ahead.

Bollinger bands are also quite Optimistic  :)

https://talkimg.com/images/2023/07/19/ndpbj.png

it seems like reaching 9k is still very possible in the near future but to exceed 10k is very difficult because the market is still fundamental for a few days later

$9000 is such a non level, just like anything else below the $10,000 mark. Hoping for $9000 is hoping for the price to increase just over 10%, which is peanuts and not worth moving for unless you're a trader.

Funny thing is that CNBC has been quite bullish lately and the price hasn't taken a proper dive yet. They're either rightfully bullish or the correction still has to come. I'm on the side of those who are looking for a correction.

Overall, the market looks a bit exhausted, but that may just as easily be a consolidation phase, so we'll see how it goes, but the fact that we haven't had one single correction yet definitely indicates a strong bullish momentum.

Totally possible, I don't se anything in the path of the 9k, but to reach and sustain the mark of 10k will be a "problem"
If good news continue to coming to BTC, we are good to reach some impressive levels until the end of the year

Then I Will just say..... gentlemen ....and let the ride continue :D

Everything is possible but with the current price, i think something is pulling it back that it's having a hard time to reach the $8k now unlike before. I think we need more weeks before we can finally see the five-figure price or the $9k-ish this year. Halving in 2020 will be giving us a lot of bonuses if we will wait for that to come but it is too far yet.

Bitcoin is the only potential to achieve 9k USD in short time so I expect anytime it will be possible on this month or next month. I think 2020 is the right year to accepting many countries so 25k USD also possible and we need more investors so current investment is the only Identity of future price.

Decision time coming for the market, Bitcoin can pop now at any second to $9000 and beyond.

https://www.tradingview.com/x/2BQT1Jcj/

a very interesting analysis for sure, and the current momentum in the market has been very bullish making it possible and even easy to have breakouts that big but i think $9k+ is not going to happen that easily. it is true that the rise you described is going to trigger a lot of buy orders and logs but also going above $8500 will trigger a lot of short term sells from day traders cashing their profit out and $9k is another barrier that will act against the rise.

Exactly my thoughts. Getting extremely tight, volume is going down and the range is lower than $1000 now which is pretty tight for Bitcoin. The more days go by, the tighter it will be, I personally think it will break before May ends. I also think that if it breaks bearish there is a real possibility of no follow through and bears getting trapped, bulls buying the dip and a small short squeeze perhaps.

It is getting some up steam at the moment and can be a point to push on further on today. If it can keep up we will seen the 9k be kissed the upcoming days.

I'm going to come out and say this. My heart wants Bitcoin to come down to 7k and lower, give me a few more months to accumulate. Prep myself and the rest of crypto for a 5 digit price in 2020, with halving to join the party.

But my head tells me that the momentum looks too strong not to see at least a 10k test by end of the year, so 9k is definitely on the cards.

Not sure what this means longer term because it feels too fast but que sera sera.

Yes, the signal to go up is going to strong, and the green candle appeared again ;D

I hope that in the next week, we can see the price start rally to $8500-$9000 and in the next month, the price will increase more than $9000. If everything looks good, then $10,000 will be reached before the end of this year. But I think before we see $9000, perhaps we need to see another correction that will happen in the market as usual so then the price can increase higher to the next higher target price.

Bitcoin is fixed at 8000, it reminds of what it was at 4. And as soon as everyone understands that he doesn’t want to go lower, the next wave of growth will follow.

Let's not forget what happened few days ago, it is obvious that some big players want to price stay under $10k as long as possible, which is quite understandable with regard to expectations that could happen before and especially after halving. Some will say that the accumulation period was too long, but those who did not buy at $3000 to $4000 range seeking their opportunities today.

Chances for $9000 before end of this month are realistic, but not more then 50% in my opinion. Lot of traders will take profits on the way up, and some smart trader can again come to the idea to dump several thousand of BTC at once.

I also think is possible to pass 9000$ but also there are some whales who still want that price to be under 10k$ but this depends, if people will start buy and buy the price can go over 10k$ of there are enough money to pass over.

I'm not so sure of that. People continue saying that whales want the price to remain below x level, but none of them can explain how whales are manipulating the price. I don't see an indication of manipulation at all, just organic buying and selling, where in some cases large accounts buy or unload regardless of the slippage they subject themselves to.

If there was some sort of a keep Bitcoin below x level manipulation, they have had enough time to stock up on Bitcoin below the $4000 level. Another thing is that if whales manage to keep the price below x level, that means there isn't enough organic demand to push it up, therefore shouldn't and can't go higher.

the whales usually want to keep price below X but they can't do it forever. because the market trend eventually overcomes their power and they will get crushed.
the explanation is the evidence on the market like the sell walls and also the sudden dumps of big sized (1 big order instead of multiple orders aggregating to a big sum) is how they manipulate the price. on a bigger scale it is accompanied by a lot of FUD in social media to create panic.

with that said, i no longer see that manipulation though. it was mainly dominating the market when price was below $4k but ever since the breakout happened the "manipulators" also went with the flow because they know going against it will lead to losses.

p.s. we are above $8k right now :P

True, that's what happened last time in 2017. Your average joe was buying bitcoin in big quantities at any price hoping for it to go higher. Even if the whales had hundreds of millions of dollars, the buying power of everyone else was still too much, plus it's not entirely true whales want t price to stay under x amount. They benefit from bull markets just as much as we do.

We might not even notice we were already break $9k if the market continues to incline. It's indeed a good sign that it moves not that fast since we can monitor it, no big whales will plan to sell their BTC at this rate and time, unlike in 2017 that it pumps too fast and too fast in breaking it.

We didn't break $9000 yet in this year,but hopefully on the coming days because of very gradual and unnoticed price growth of every successive sideway movement growth.

(Whales)Just let the prices growth. :D

It could happen, but anything can happen in this market. In order to reach $9,000, $8,300 will have to first be breached, and it has proven to be a difficult barrier. I agree that we will far surpass $9,000 this year, but I am unsure it will happen in a few days. If I had to guess, we will reach that level within the next couple of months.

Bitcoin may go to 9000$ or even at 10,000$ from the accumulation at 8000$. But it does not mean that it will not come down. After reaching 9000/9500$ bitcoin will be in correction mode and during this time it may touch 7000$. Those who are willing to buy at 7000$ should have their orders ready as bitcoin might touch 7K and then bounce back.

As far as observation on the price this time, I saw $8k was stabilizing and developed another momentum towards achieving strong price surges. Right now there's a minimal fluctuating trend, but not totally fast dumps. Although it seems to be more unpredictable and yet so challenging despite of vanishing bearish bites, but still we're moving forward to the bulls.

Price have been locking around $8,000 since the last week and now a slight drop to $7,987 presently. I think $9,000 as predicted is around maybe this new week because the few drops below $8,000 is very minimal. We could experience another major move up.

Or another major move down. I don't really like the lower highs, which some might counter that we also have higher lows, but at this stage I consider it to be more bearish than bullish.

Since when has Bitcoin gone up in one straight line? There has always been a major correction that lasted for about a couple of weeks at least. Right now we only had wicks to the downside, which I don't consider a correction.

I increased my fiat position just over $8000 to be ready to buy the next proper dip. Patience is key here, and that same patience helped me to not rule out a sub $6000 dive last year, and it actually happened.

but those things only happen whenever we are already on the rise for a while not just getting started to rise. right now we are mostly in a "recovery" and if every recovery had a correction then price would have never went up!

I don't think this is going to happen. Price is still in some kind of correction phase and fluctuations will continue for a while. Although it looks very close, having in mind current situation on the market 9000$ will not be so easy to reach. For that we would need continuous growth in the upcoming period but this is not going to happen.

I personally think it is very easy to manipulate with cryptocurrency market, much easier than with other markets. In the beginning of April someone is create buy order of $100 million in total on three exchanges which resulted in almost $1000 up in less then one hour. This is also reversed the trend and we are today at $8000, and not on $4000 or $5000.

Whoever stands behind 5000BTC dump on Bitstamp is trying to keep price under of close to $8k level as long as possible. Real FOMO will not start before $10k, and this is not time for big bull run, but only for preparation for what follows after halving.

We can believe that things happen quite accidentally, but for me personally, very little of this happens by chance, most of the events are the results of very thoughtful decisions, which have some purpose.

In crypto everything is possible, and we can believe that it can happen. Looking with the market it’s quite stable because there’s retracement and correction thay is happening. $9,000 can’t hard to make, but it’s possible.

To be very much honest, nothing is predictable.
I mean who knows what will happen to the price.
The only thing we can do is just estimate the price. That's all .
You guys gonna be shocked at the recent movements of the coin.
So thereby doing any sort of predictions will be just waste of time.
Moreover the price will be only depend on the mareketcap. So just wait and watch.

Thinking, guessing, reasoning on previous events and outcomes, try to find some logic or whatever are just fun things to keep us going bruh

So why not talk and speculate over what could happen??

Of-course the smarter ones will have X-amount in cold storage not to touch but besides that, try to live in the world and its actions, e involved etc

We might cross the resistance and touch $9000 in a short period of time but after that i really think it will take some time to cross the $10k barrier, the price will move in a range for some time from $7k to $9k until we find another big push to cross the ten thousand barrier, we have seen in the past that the price usually breaks certain resistance level so easily and since we have only a limited data and the second time we have seen those valuations, nothing can be said for certain, but crossing $10k will be a battle.

Going on rise bitcoin price.  Now bitcoin price is near 7900$. If it is going on i hope that after some days btc will hit 9000$.  Many traders invest in bitcoin for long term. So all traders should keep patien. 

8500 dollars now, a small pump is happening, how long will it last and where is it going to take us? :)
A massive rise in price is happening (+5,32% on last 24 hours and growing), maybe now we are finally heading to 9000 dollars.

Over 9000 dollars. That's pretty much guaranteed at this point. We just had a two-week long bullish consolidation. There's massive pent up demand now that we've broken out again. $9,000 might not even serve as a pit stop. We might just blow right through it.

I even wonder if $10K will offer some resistance. You never know in such a thin, volatile market.

Bitcoin at present has reached $8500, and the growth happening with bitcoin over the past few hours were happening big. Along with bitcoin entire market is getting green, and $9000 can be expected to happen tonight upon the growth taking place with time. Possibly the market is quite strong for a bigger price to happen within the end of the month.

Yep. 8700$ on Binance, it's very likely that we are going to at least touch 9000$ as expected. Breaking those 3 resistances is such a huge hit, although it's also quite possible for a sell off to happen when we approach 9000$.

Still, this is the definitive proof that we are in a bull market now.

It has increased from + 7,8% within 24h and + 69% in a month. It's just crazy !!

https://i.gyazo.com/140826b394a7a5e1c6a3b4ebcb99a378.png

So far, we have seen a good amount of follow through and if we continue like this, we could break or touch $9000 within 24 hours. After this point there isn't going to much resistance aside from psychological levels like 9k, 10k. Even the next monthly resistance is all the way up at 10000+

However there is still a chance for a pull back, it will be confirmed in the next few hours if we see enough continuation to at least 8700+ and we maintain it.

Whatever your logic, you appear to have called it correct. I give my hat to you on this one. BTC is at about $8,600 right now, so $9,000+ will be coming shortly. I thought it would take more time than just a few days to break past the $8,300 resistance, but I now think this was a good call.

It's possible we could stall before reaching $9,000, but I doubt it, since the main barrier was $8,300.

How did the creator of this thread know there was an imminent pump up to $9000 when it was only $7000 just a few weeks ago? :o
You must have an inside trader or a really good crystal ball to be able to predict it closing in on $9000 very soon as it has hit $8770 just 20 minutes ago. ;)

Fine boost at the moment. If it can push on and keep the bears away we will see 9k today already.  Can we say this soon 8k will be a bottom ?

Hahaha I could still be wrong, we haven't reached $9000 but I was simply following simple Technical Analysis indicators. For instance now we are in a similar pattern but on the 15 minute chart:

https://i.gyazo.com/507d7c41efd5fc5eece3ebeea7ba4d93.png

It's yet another tightening pattern that will likely break bullish, hopefully haha

The hourly chart is also forming a bull flag currently. This whole move could take longer than I expected, perhaps it extends 1 or 2 days, we will see what TA says in the next few hours.

Look like @Whaleagent were right, we've reached $8,600 today. Good job :) Probably the next week there is a chance to hit $9,000. What would be great is to not go below $8k anymore. If we don't go below $8k, $10,000 is possible for this summer

I think $10K is possible next week now that we've broken upwards again. We just trapped two weeks worth of sellers and shorters below $8K; plenty of gas in the tank now!

The momentum on the monthly chart is incredible. It's completely maintaining a parabolic advance. I was hoping for a bit more "slow and steady" action to make a nice bullish structure on the long term charts, but nope, the bulls just keep running.

Just be prepared for the crash, guys. The $3Ks and $4Ks may be gone forever, but I wouldn't rule out a crash to the $6K area after all this crazy exuberance. Anyone who traded the November 2015 crash knows exactly what I mean!

That is very likely to happen. $10000 is an easy target the way things are happening now. Bitcoin is really surprising us in many ways. This might create more adoption as more people will believe in bitcoin again. But I hope this time around, they should be more knowledgeable and ready and not because they just want to jump the bandwagon.

Yeah, I suspect $3K and $4K are gone forever, but even if this corrects, there is just so much upwards momentum as well as fundamental factors, such as the upcoming halvings of bitcoin and Litecoin, that I think would prevent anything severe. I highly doubt we will retrace back to $6K, but anything is possible. In any case, any major retracement is likely to be followed by another parabolic move.

Right, that $8600-$8700 mental barrier in front of us has been slice very easily. So I wouldn't be surprised to see it goes as high as high $10k this week or early next week.

The rise could be the hype around bitcoin halving, lots of peope are started to prepare and stack up their wallets because in about a year, we will witness this momentous event and everyone is betting that this is the final catalyst for another massive run till 2021.

After another small correction yesterday, Bitcoin once again broke the $ 8,000 barrier, and in the morning, according to CoinMarketCap, its price is $ 8,720. The jump is very big. It seems that Bitcoin is already ripe for further price growth. Therefore, today or tomorrow, it can also easily reach prices of $ 9,000. However, what he will do next is again a mystery. He can go on, or trample down for a while. However, in any case, in a few days, it will again increase in its price. So we expect further developments.

the current potential is so great seeing bitcoin prices exceeding the price of $ 9,000. well, this is the first time bitcoin prices have exceeded the price of $ 8500 since 2019. when I see this price increase, I am optimistic that the price of bitcoin may exceed the price of $ 9,000 for the rest of the day.

Bitcoin prices touched a new record for 2019 by hitting the 8900$ mark, before succumbing to pressure and falling down a bit. We had discussed the possibility of bitcoin prices touching $10k in June, and given how it’s rising currently we may see it happening. I hope your words come true, and it crosses $9k levels today, but we’ll need more trading volumes to make it happen.

More analysis here: https://www.coindesk.com/bitcoin-hits-new-2019-high-above-8900

Where were you when it was between 3k to 4k mate?  :D
I guess you will have to wait for another bear market if you want to buy low again. For now, it is going to keep raising with a few small fall backs.

Like i said before, whenever i see a stable bitcoin price over the weekend, it's a good sign there is going to be some nice rise at least until Thursday. So expect some more lovely greens for the few coming days.

OP has well analyzed situation, although I personally did not expect that easy way up, when it comes to bitcoin, it should always be ready for the unexpected. One moment price was just around $8k, and then $8700 :o I was thinking that something is wrong with site on which I watch price, so every time I need to look for confirmation elsewhere.

Price in now very close to $9k ($8750), and it seems that we can reach that level in few days. It will be interesting to see if it will be some background games similar to that big dump few days ago. If $10k be achieved bitcoin will be in all news, such a growth will not remain unnoticed.

It's very positive, I believe that we are going to break $9000 as today we've witnessed a major spark. The trend is so bullish, I'm not going to doubt this prediction as we are already close to it, high today was $8843 so far, therefore one big push again, we'll likely surpass that $9000.

It is always that tightening pattern that affects the price but it is not always for the best. Sometimes (specially during the 2018 bear run year) when the market got more tight and then after it was realized that it can't go any lower or any higher with the movement it has the price started to drop very quickly and then did a larger movement there.

Now we are on a bull run so we believed that this tightening pattern means the price can't go up or down too much as it is so it needs to move somewhere in order to get larger and we assume it will be high, I assume it will be high too, that is the most common sense direction it will go but that is never a guarantee that it will do that, one big sale and we all will be talking about another 9100-9900 range once again, so I will not risk my money here and expect it to go higher, I will put my buy orders at 9100 and as soon as it reaches there I will buy some because I know if it reaches and sustaining around 9100 then it will reach over 10 thousand as well but as long as it doesn't reach 9100 there is still a chance it won't go there for time being.

When I see the chart and see how the price is up and almost reach $9k, I say to myself aaarrggghh why it does not reach $9k first and then get down? Geez, I feel like I want to explode, but it got delay hahaha  ;D

But nevermind, I am sure that soon, we will reach that price easily and I am sure that it will not takes too long to see that price. Let the price correct first so then the price can getting up to the higher price.

indeed from the existing graph you can see how the price movement of bitcoin has begun to show a price recovery, but you don't like it first because the price movement of the cryptocurrency is difficult to predict.

It is a great analysis, although I think that as the market goes, there are constant purchases, is not very likely to break the resistance? Seeing that there is a current accumulation stage, I think that the impulse you are talking about can happen quickly. So if we put it in this context do you think the next resistance is at $ 10k or $ 11k? Of course I do not know if according to your analysis there is another resistance before, I think that this can be a great resistance since now according to the analysis that has been done following Wyckoff's theory, it establishes it as the maximum point of the accumulation stage.

We are sure that the price of bitcoin will reach $9000, but upon the growing trend even it can be reached tonight. $9000 is the next price barrier to be broken for a next level of price. Same as that it stayed around $8000 to gain resistance now some growth resistance is taking place. Going beyond $9000 will soon take the price reach $10000 as more speculations have been taking place relative to the growth.

At present the price of bitcoin is rejecting the strong support  at $87++ after a strong rejection a strong indicator that the price is not dumping for now. The pointer or indicatod that the price will reach $9000 very soon  is the accumulation of the price between $8900 and $8700 once that zone is broken the price will break above $9K from own analysis.

It has slowed down a bit, if we can even call it ''slow''.

https://i.gyazo.com/3a76cd2b96a972d2c093becf936d311c.png

Very strong support was formed at $8510 and bulls bought the dip quite convincingly and we are up at $8700+ again. There aren't many indications now as to where the price is heading next. Keeping in mind that EMA's are still far away, the 12 Day EMA is at $8076 and daily support at $7833 so it seems extremely unlikely for bitcoin to break the uptrend on the daily chart right now.

Why do not you think you can break the resistance at $ 8.5k? Can some bears enter the market? You think they will be strong enough to lower the price of the investors who are buying bitcoin, regardless of the price ... Well, I think many buyers are entering, because that is what the volume is showing.

so far everything is in favor of continuing growth, this is indicated by the charts of other top coins, which from time to time make new highs.

I asssume 8500$ acted as a strong support because in the Hourly chart the RSI was oversold and bulls quickly bought the dip. It's a classic move that happens every time the market is in a big uptrend. The RSI is extremely useful, even in the 5 minute chart after big moves because bulls will buy all the RSI oversold levels. When you see bull not buying them anymore you should expect weakness, so far it's looking good. During this small bull run, we have seen 2-3 days of consolidation at most so I'm expecting 9k to crack today or tomorrow unless something bad happens.

I very often say the same thing "internet cryptocurrency" is nothing that is impossible, everything can happen unexpectedly.
For example Bitcoin 2 months passed, who would have thought it would go up to $ 8333 from $ 3333, this is also the same as the current story. It could be that in a matter of days Bitcoin can break $ 9,000. Or more.

Market sentiment doing it thing and a hard thing to predict. 

The market is still pushing upwards so 9k could be reached sooner then later.

OP was quite right, he said it will happen in the next few days and we are almost there, in some exchanges it already happened too (the general pricing was at peak 8700 or so as far as I could see). That means this dude knows what he is talking about with the prices but for anyone that thought bitcoin would go up it meant anything close to 9 thousand dollars as well.

We were at around 8 thousand dollars and if you believed it would go down then you were plainly wrong and we went up but for people who believed we would go up where would you go from 8 thousand to up? It would have to be 9 thousand dollars so this was basically a topic about how "bitcoin would go up in next few days" since 9 thousand dollars was a given option, you can directly go above that without stopping at 9 thousand a bit.

I don't know why there is a separate thread about $9K. Because we are not witnessing any strong resistance at this level. To tell the truth, ever since the bull run started (almost 2 months back), we haven't faced any tough resistance till now. And the only time we had a dip (during this period) was when some of the short-term investors decided to do profit booking.

Well let's take a look at some of the corrections from the last Bitcoin bull market.

July 2015: $318 to $198 (37.74%)
November 2015: $502 to $294 (41.43%)
June 2016: $778 to $465 (40.23%)
March 2017: $1,350 to $891 (34%)
June 2017: $2,980 to $1,830 (38.59%)
August 2017: $4,980 to $2,972 (40.32%)

So it seems like a 40% correction would be quite normal. If the price falls 40% from the last high ($8,940) it puts us at $5,364. That's why I think the $5,000-$6,000 range is still very possible.

Thats true we really hoping that it will happen soon, but not this month, maybe on June. We know that the price is already $8k and it much higher again to reach $9k price in the coming days. But even if the others will doubt it, i still hoping the price will break $9k or either more than above to our expectation.

Bitcoin reached $9,000 today. The time I go to the kitchen and come back to sell some bitcoins, the $9,000 are gone  :-\ It has now lost ~300$. The weekend is coming and the price will surely increase a little to go above $9k, at least I hope.
Finally a good trend.

Yes, the price didn't stayed above $9000 for a longer time period. Anyhow we've reached a bigger price which has been an expectation from users once the price crossed $8500. Soon after the reaching of $9000 a big dump has taken place and now it is around $8500. Over the falling days, in particular by the starting days of the month can experience good fluctuation suitable for trading and further an increase reaching above $9000 with good resistance for a forward move.

I noticed this as well, it was an incredibly volatile day, the price went above 9000 and then it went down almost all the way to 8000, that is a huge variation in the price but it is not out of the ordinary for an asset like bitcoin, we will have to see what happens from now on but right now the market is still going down, this could signify the end of the recovery that we have been experiencing or this could be an attempt to make the price to go down to see if weak hands begin to sell and the whales can accumulate even more coins.

Today the price of Bitcoin has declined again, the price rates are in the range of 8,200USD to 8,400USD.
A normal decline occurred after a few weeks the price of Bitcoin experienced pump prices.
Just as the price correction does not continue and positive sentiment continues which can make the price of Bitcoin rise again.

It's funny, so many of us were like "$9,000 is nothing, onto $10K!" So of course we touched $9,000 and then crashed. :P

I hope I'm wrong but from the look of the chart, that may have been a significant top. I could see a return to $6K from here. That wouldn't surprise me at all.

 Exactly, every pump has a back up dump, but I think it is about bright fluctuations that gives people an idea to visionize a bountiful growth will ooccur soon. I am positive that the market cap can surpass the barrier and break $8500 in the few days. And hopefully it will grow beyond that satisfy people's desire.

As long as it tries to break it we are fine. The results will come because the resistance is the important part and as soon as we break the resistance the price could drop as much as it can yet we still have a weaker resistance ahead. That is why I always believe that prices should go up as much as it can no matter what in the end, if it can't stay high too long then the worst case scenario is we will have crypto that has a huge potential to go back up.

Yes, it will take time to break 9 thousand, it won't be easy and it will be very difficult challenge but in the end if wee keep insisting on going up we are going to eventually see it, maybe it will be in a week or maybe it will be in a month but it will happen for sure. Just be patient and wait the bull run to happen without selling.

Well, one moment it looks like the price is heading towards 9000$ and more but the next it pulls back again. So I think this back and forth movements will continue in the next period of time and it will take a while to break these boundaries. Even if the price will go back to 7000$ or less it wouldn't be a surprise either.

well, actually the price really looks almost to reach the price of $ 9000, but it looks like it's quite difficult. however, now we only need to wait. the potential for dumps does exist, but, it seems, for now, the potential for prices to rise is still greater.

Analyst predicts that Bitcoin will touch $9,000 range. I have had a great feeling that eventually it must accomplish. Though the price of bitcoin fluctuates a little bit, however we don't need to panic since we're well known Bitcoin has the potential to rise even more than we can imagine.

This bull run is ordinary rise, I think we will see much bigger bull run in next couple years, when bitcoin price can reach $100k and maybe even more. I`m looking forward to that day, I`m feeling that we are closer and closer as time passing. When it reach that high level it will be not so important did you buy on $8k or $9k, it will be important that you bought at some point before that. Better sooner, sooner you do it you can hope for higher profit when the time comes.

Great prediction really, to say that Bitcoin would break 9k and it did didn't it? Except you thought there was going to be no real resistance.

The greater prediction would have foreseen the immediate pullback, but that's just the way predictions go. Kind of pointless either way up or down when within a week we're generally where it started. And within a year, we'll be exactly where Bitcoin was headed anyway!

It possible if there is magic. It may be you've never satisfied with what the market shows today but it seems to be right cause I don't think that instant recovery will help the market become strong. We can't say this pumps will be just a normal flow cause we are finally in the bull run, seeing a huge percentage increase will seemingly different from a normal price increase.

I'm fairly sure the insane pullback wasn't a normal move, to me it seems more like a coordinated attack from the bears, of course there is always resistance and pullbacks are to be expected, however a pullback of this magnitude that also happened in just a few minutes is more than weird, we broke several support levels like nothing, clearly it's a group of people selling a massive amount of bitcoins and whiping out orders, at least that's what it seems. Considering bitcoin is back at $8600 after the massive pullback and we also held the 12 day EMA it's clear it wasn't normal. A huge pullback like this would have some continuation but it didn't.

We are still within the few days he has predicted and the current pullback is very normal in cryptocurrencies market. I believe that in few days time bitcoin will break $9500 and before end of this month it might be heading towards $10,000 or above. The bullish sentiment is very high and we would do ourselves good by accepting op predictions.

Yes, it is still looking good even after the pullback, holding the 12 day EMA and trading at $8500 again, this fast, is quite remarkable. Again, as I said above I truly believe this was a coordinated move. If we ignore that day, we are still more or less in a bull flag on the daily chart, good news is that we at least cooled off the RSI.

Bitcoin is currently in a good trend, so prices will continue to rise steadily, if traders don't sell their bitcoin and there is no bad news coming for BItcoin, I am optimistic that the price of Bitcoin is very good at the moment.

traders are always selling their bitcoins, that is why they are called traders not investors. basically trading means constantly buying and selling assets to make profit from their ups and downs. the reason why price goes higher is because more investors are coming in and increase the demand which in turn takes the price higher.

I agree with the rest though, we are already in a upward movement and the start of the next bull run to the next much bigger ATH and if we see no "bad news" this trend will continue with only small corrections on the way.

Bitcoin will be going continuously to move up I believe it. Nothing can stop to bitcoin to go up unless another fud will spread. But I think no can break the continuous move up of this coin so sit and relax and watch the market chart.

I think the condition of bitcoin is currently not good, if you say the condition of bitcoin is good then the current price of bitcoin should not fall like this, look at the chart and the current price of bitcoin shows that the bitcoin condition is not good.

New Analysis (Updated)

As I said in this post here: https://whaleagent.club/bitcoin-forming-another-tightening-pattern/ Bitcoin was looking to form another tightening pattern like the one in the OP.

https://i.gyazo.com/c5f1fb50d9d96e585ff5744423429ccb.png

The lower high is now confirmed and we need a higher low which also seems to be forming to fully confirm the pattern. At this point this pattern is quite small and could break really soon, even tomorrow although I give it a few more days but could happen at any moment. The level to break is $8814 right now

@samycoin Nothing can stop Bitcoin to go down

@Yutikas_11920
The guy posted the comment a few days before you and when he did it was relevant, the day you posted it was not anymore.

@Whalesagent
What we've been seeing in the last few days, (ie. a $500 spike and the next day 300$ decrease). It's something that will last several more days, maybe even the whole month of June. Don't you think?

Condition of BTC is very good, every UP needs its DOWN...

But all BTC accomplished t’ill the day where we areis stunning and the journey is only starting, get ready for what Will happen as we Will see amazing UPs as DOWNs.

But I do love where the longterm picture is heading at.... All inbetween is a fools game, buy hodle repeat and let BTC just ride its own narrative.

Btw when back 9K? :D

That's very inspiring, as a HODLER, I always wants to hear some positive words from people in the forum, thank @micgoossens, I'm also loving the future of crypto with its action now.

  We are witnessing the current market a configuration growth will consistently exceed in the mere future. Thus, the market has carrying high volatilization that fluctuates the price of bitcoin. I actually believe its consistency growth will exceed and break beyond $9k, it may not happen this month but hopefully by next month.

More the price merrier it is for those who truly believe in this coin and the fundamentals and holding their coins form long time or had being buying on every dip so that they can get the share of pie when the markets rises eventually and thus it could lead to a good returns for the 2019 and in the years to come.

it seems we have to be a little more patient again. for now the price has declined again, and is starting to recover. for now, we need to wait for the bitcoin price to return to the price of $ 8000 before thinking about the price of $ 9000. for now the market conditions are really unstable.

What we are seeing now is a fierce battle between the bulls and the bears, each side is trying to take control of the market and for what I can see they are even, this could last a few days or weeks but once that balance is broken we could see the price finally take a clear direction once again, in my opinion the most likely outcome is that some bulls will decide that they have enough profits already and cash out, if that happens, this could weaken the buying pressure allowing the bears to make the price to go down again.

For now we have to buy more as the price are still down and wait patiently for the next few weeks because the uptrend is going to happen again. Bitcoin will hit that $9k level after this short downtrend, there’s still a good time to rise up. My prediction for bitcoin this year is above $10k, i will wait for this with more patience.

It gonna be right but only make sure that we are investing into the right coins and see to it that anything will happen in the coming days won't put you into debt. Only invest that we ca afford to loss and only that we have in our pocket just asking into someone for a lend. We know the risk in here and we dont want someone to put at big troubles. Thus, before investing we should think it wisely and make sure that we prepared for the possibility of losing, it is not in nega but we must have to think it also.

For the current update. From the bear price ag $7,700. It recovered to $8,000 now. Meaning the market is still in a recovery phase before reaching $9,000. It is not easy to reach that as I've seen this scenario before. The more fuds are circulating that btc will gonna reach certain amount, the opposite thing happens. But anyway, the dump is still be an advantage for us. I bought some part of btc when the price decreased. Hope, it will now continue to pump.

I think the reason why we are having trouble breaking the 9 thousand dollar resistance is that the price also went up a lot and now requires a lot more to break it.

Even if the orders are less the amount is higher so it costs more. So, assume there are 100 orders selling at 4200 all for 1 bitcoin, that is 42 thousand dollars, well think now there are 700 orders which is less than 1000 orders but this time they are selling at 9 thousand dollars all for 1 bitcoin, that would be 63 thousand dollars, so you see even if there are less people and less orders it could still be a lot more amount which is why I think we are having trouble now.

We need to not only keep buying bitcoin but we need to make sure sellers withdraw their orders as well, if there are less people selling at that point it will be easier to break it.

Not necessarily, it seems that the recent crash was more manipulation, a redditor found out someone moved a really huge amount of bitcoins (25k) right before the pullback, that's a huge amount and definitely enough to crash the market if wanted, his analysis went further and he noticed that huge amounts of USDT were being withdrown afterwards. Anyhow, bulls are still there, the uptrend is still strong, weekly chart shows a possible bull flag.

One way or another, big whales have a strong influence on the external state of the cryptocurrency market.  Everyone notices that the withdrawal of funds from the cryptocurrency market is still ongoing, but it is not comparable to the funds invested in the cryptocurrency.  In order to influence the current situation, you need to limit withdrawal of funds to Fiat by any means, and try to attract more investment in Bitcoin.  Why Bitcoin?  Because it is Bitcoin that today fully influences the pricing of all cryptocurrencies, despite the prospects and interest of these projects in society.

present  market situation is bitcoin already broke 9000 dollars and in next few days we may expect bitcoin to broke 10000 dollars market is bullish and positive to reach previous all time high prices

   The current market has already break the desiring peak at $9k that has been speculated with people around in crypto world. Hopefully bitcoin's value will continue to outcast bountifully and consistently adequate.

Bitcoin looks really healthy now and the daily consolidation is in place, so far it is quite mild and bulls are EXTREMELY comfortable. Tomorrow we are very likely going to see some bullish action perhaps even breaking the 2019 high, the RSI is not entirely cooled off but it doesn't really matter in such a strong uptrend. Monthly chart showing a nice bullish candlestick and a bull flag at this point.

That's a clear description about the market move based on the technical analysis. The new ath is to be reached, then we can expect the price of bitcoin go higher to $9300, and possibly it could cross the $9500. As the monthly chart shows the bullish candlestick more users will be investing target the profit in the short term. The increased investment too is a reason for the market trend to get stronger whenever its move is bullish.

Nice to hear that bitcoin is still going strong as of the moment and still on the bullish zone.

Well we have broken $9k already and it seems the price is sustainable as this point. As you have said TA really points to a good bullish trend and most likely break the $10k is the uptrend and the sentiments of the investors is to pour their money and ride along.

bitcoin looks really good now, the OP prediction doesn't last long. soon bitcoin will reach 10k in the near future.
bakan may not require the end of the year to reach a price of 20k.
let's continue to support bitcoin to continue to increase.

Bitcoin hits $9,500 today and the 24H volume transactions is a lot higher than in December 2017. At this stage, I wouldn't be surprised if it hits the $10,000 barrier this weekend. Now a $200 up or down is 'normal', which is a good sign. Quite crazy when you consider we were crawling in the $4,000 in April.

People really need to step back and take a moment to think about what you said, $4000 in April and we are already an inch away from $10000 in less than 3 months. If this is not a bull run, I don't know what is. Something like this in stocks would have been insane and people here are still worried about pullbacks.