Bitcoin Forum

As of today as per CMC bitcoin is at $8,273.20 a slight dip from the $8,000+ level it already breached. This can be the mini-correction that some analysts predicted before bitcoin will finally go beyond the $9,000 level. It is time that we cheer bitcoin to hang on in the vicinity of $8,000+.

Are you buying more bitcoin at this stage?

Well we have something like this week ago I guess
We have already reached 9000$ but didn’t stay long and return back bellow
I did a little addition to my folio just this morning lol

That is a good decision. There is a small dip right now and we can use this opportunity to add more bitcoin into our 'hodlings.' Not that there is a guarantee here but for me it can be safe to assume that definitely bitcoin will soon be breaching the $10,000 zone...and it is just a matter of time. Bitcoin is gathering all its energy and strength for a big showdown before the end of 2019 and into 2020.

As expected, everything that comes up must come down. But the good side of this small correction, it has recovered quickly which signifies its growth and dominance.

Unlike before when it dumps, we witness on how its plummeting so fast and looks like a little hope of recovering. I haven't bought when it was down to $8200 but I didnt sold that much to maintain my asset standing.

The picture really speak volumes and it do explain what is currently happening in bitcoin pricing. I believe that it is a very little reset and we are going to resume the uptrend before Monday next week. We are seeing a very clear upward trend but market cannot continue facing one side.

Yes, I already buy some bits, not too big because I still waiting if there is any dip that might happen later ;D

But I already have another bit that is ready to sell at the high price if somehow, the price increases later. So I hope that this time or the next day, I can make a profit at a high price. I am sure many of us still waiting for the next highest price.

It was already anticipated. I considered yesterday's drop as a normal price movement after a sudden increase.

After all, the price bottom established this day is the price where we at just a few days ago so the downtrend happened isn't a really big deal after all.

---

Not for now. My mindset of buying BTC was already executed prior to the start of the continuous uptrend.

Any plans? Yes but unfortunately large portion of funds were already used. No regrets however for an obvious reason.

Gotta tell you I'm happy bitcoin is hitting $8000, but it seems to be rising too fast.  So am I buying bitcoin to hold right now?  No.  I'm actually buying a few altcoins that have gotten the smackdown in the past year or so, with the hopes that they'll rebound to the levels they were at in 2017-18.  Yep, I'm gambling.

But for those of you who are buying bitcoin now, it's not a stupid idea by any means.  There may be very strong legs on this bull, and bitcoin could be headed back toward its ATH.  In fact I hope it does, but I don't want to see bitcoin at $20k this year or early next year.  If it gets there too quickly, it'll crash and probably even harder than it did in 2017.  That said, if there's a big dip I may indulge myself and buy some bitcoin to hold for a while.  Good luck to everyone buying right now.

 
   I am not buying. Even 3000$ was high price to me.
Yes, no one push me to buy a whole bitcoin or at least a half, but I do not see it as good idea to invest in it even 100$ today.
   Some of you may say that it's 100$ today and tomorrow I'll have 200$ from this kind of investment, but I'll better move my old strategy - just to collect bitcoins and altcoins from paid work on the forum and out of it.

If it crosses the current ATH it's likely that the rally will continue for a while bringing new people onto the FOMO train. Right now a lot of people are hesitant and waiting to see where the price is heading.

Anecdotally, in the past several weeks I've received calls from people I haven't heard from since 2017 searching for advice 'when to get in'.  :D Sadly, my crystal ball is busted, but it seems to me that $10k is the psychological level many are waiting for.

This is the 2nd correction we've had this month, the other one was a few weeks ago when we went down to the low 7k's (almost touching the high 6k's) after the massive rally from 5k to 8k. The drop yesterday was bound to happen after that massive green candle which pumped the price from 8k to 8.8k in just a few hours last sunday, which was fallowed by a sudden increased yesterday to almost 9k, a mark that someone probably thought it was a good price to cash out.

We tested the 7k floor during the first correction and it held pretty well, we tested the 8k floor and same thing happened, seems to me like we're gonna test 9k and above pretty soon, just a gut feeling.

I just had a quick glance at coinmarketcap today, price is $8400, did it really dip as low as $8200 or I'm just out this past couple of days that I missed some action. Don't like to give financial advises, but I'm sure there's a lot of 'noob's investors as early as this stage who doesn't want to miss the boat and probably getting in at ~$8000.

@Bezobraznike - good strategy dude, if you don't want to shell out then you might as well wait for your weekly signature campaign payments.. No investment, just pure work.  ;D.

But I guess 'smart' investors are going to take advantage of any situation in the ecosystem, and buy at any dip and accumulate more.

this is your choice, to which I realize you do not believe that this market will survive for many years. But this is a very bad thought, imagine if all the people of the world were like you? nobody would buy bitcoin and not any altcoin and if nobody bought any altcoin, then no one would create altcoins and you would never participate in any campaign because there were no altcoins

The place to buy is on strength which is what I measure on the line for 8500.   I think the graph for this time last year (roughly) demonstrates why 8500 could be a good price to observe as a measure and judgement of greater direction then just this week

https://i.imgur.com/5NjtvMt.png
daily bars, july end '18

Of course it might find 8500 as resistance tonight but also go back to 8000 and bounce again and then later exceed 8500, its never easy but I think 8500 is my pivotal price to watch right now.

The action that followed Jul 2018 was red daily bars everyday until we got to 6000 which is quite definite action, Im wondering if that might repeat

Good for you, there are people who says that they wanted to buy bitcoins, but when the opportunity shows in their face, they don't have the balls and still waits for the price to go lower. But then when the price goes up, they keep on bitching around that they have miss such golden opportunity.


Never thought that you're into altcoins, but why not, ETH is a classic example, down to as low as $80, now making a ran to $300, huge money already gain if everyone has bought during the lows.

It is still on the rise where the last bump and dump rule each out on the weekly chart. If no bears showing up this will get some upwards trend again and 8500 and up will be in the picture indeed.
 

Hey, do you make a big difference between $300 and $500 ups or downs? I don't.
Why bother so much if Bitcoin costs $500? We've seen Bitcoin doing this a lot of times, and again recently over the last 2 months where we've seen several $300 ups/downs.
I think It's something people have to get used to seeing in the next few weeks, (considering BTC continues its trend)

it's looking surprisingly stable above $8400 now! :)

i was ready to watch a waterfall below $8k yesterday! now it actually looks like this might just hold and continue higher in a couple days.


actually, it hit $8000 on stamp and bitfinex. even a bit lower than that on coinbase. coinmarketcap only shows line charts. if you wanna see the price extremes, you have to load up bar or candlestick charts like those at cryptowat.ch.

No guts no glory, no cheap bastard ever got rich off crypto.

It's slowly gaining its price back again and it stepped on the $8500 this time.

Bitcoin might stay a little bit of its stable price this week and might break that $9000 resistance soon.

Whether it is all about cryptocurrency or some other tradeable asset we predict the market but that isn't precise. The market has gained good support above $8000 which is gonna make the market move forward reaching new ath. There isn't any perfect prediction with a perfect reason for price fall. Today it experienced a very steep fall and now it has been getting near to $8500 which on getting required market necessities will reach $9000.

Well I think buying now and before have differences but of course buying bitcoin a great thing we can do before the new ATH coming. Market is so volatile so don't panic if we see that the price fall a little bit. I believe that bitcoin price will boom again.

As I always say, i'm always in for increasing of my cold storage and Duuuuuh I prefer buying BTC ad this stage over any F***ing Altcoin, though I have some Altcoins and increase little of them, but when i'm in for an Altcoin buy, then I surely first did increased my BTC-cold storage...

One can not put its faith in Alt's when BTC is around :D

(Don't be dumb and buy mainly BTC if you think long term)

I'm also thinking about buying some bitcoins because I see the price is going to 10,000$ soon.
It's time to be patient and wait bitcoin skyrocket. Glad that bitcoin continues rewarding us so nicely after a hard bear market. I confess I was disappointed with crypto currency, but now it's getting better again. To the moon!!!

Your expectation will be possible soon because sudden pump also occur at anytime. I think this is the right time to invest on Bitcoin because then only going to moon. Bitcoin is the only leader of crypto market so once it is going to moon automatically most of the altcoins also follow the same way. May be this month will reach unexpected hype on Bitcoin.

Maybe if people already sure bitcoin price can be increased again, it is ok to buy it. But always prepare loss management and make target to take profit. Because any price can happen in future.

At this stage i still think is a good option to buy, but i think will take a lot of time to get a profit, but for long run is a good investment. Indeed on short time maybe the price will drop again.

I am not buying more, but I am holding. Throughout the bearish period, I managed to save some BTC, and now I am waiting for ATH to sell. Of course, from time to time I sell some of it, especially when I need money, but I am patiently waiting for the time when my savings are worth enough to make a real difference in my life. I think it's okay that Bitcoin is slightly jumping, trying not to give up the barrier of $8k, and it's also doing pretty great with it! Expecting faster growth after such a long bearish market is unreasonable. Moreover, I don't think many people want Bitcoin to reach new ATH and then get deep down for another year or two, right?

@CryptoBry the correction in bitcoin prices was bound to happen, though it won’t last for long as bitcoin prices will rally from current levels. As of today bitcoin prices has already recovered to $8.5k levels, and very soon it should be able to cross $9k levels. I have been buying bitcoins everytime it dips, and will continue to buy some bitcoins in small quantities if it dips again in coming days.

The best bet is to continue to buy at this time when the price of bitcoin is undergoing correction it has pullback to $8200 yesterday now it has pump to $8500 with a little volatility obviously within the shortest time $9000 will be reached the best option is to keep hanging on for a long term profits.

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

Bit of a crush going on, with 8500 holding probably for the weekend ?    The blue line is 8 day average price with us feeling more negative if that is compromised.    I would only guess immediately on a retest of 8200 if that should occur, this is just short term stuff

Depends on the market conditions actually, so there are certain moments that can make me think of buying more bitcoin. not just looking at support, but i'm prefer more to the potential from the fundamental, see how people and media reacts by this growth.

the problem with the "short term stuff" is that they are always hard to rely on due to the nature of the market. for example the recent big swing up and down to $9k+ and down to $8000 showed that there is still two sides in the market fighting each other, the one side wanting to go up and breakout and the other wanting to keep the price down and prevent big jumps.

I respect your decision, dude. We have different strategies. Yours is the safest way of investing. Even me, I can not afford to buy 1 bitcoin, too. But i bought other coins and a part of bitcoin. So far, the results are good. The corrections is also the good way to buy more. If you know how to read indicators, etc. You can easily decide when to buy or not. Anyhow, bitcoin at $3,000 is really a cheap price before and glad i bought some part before the $8,000 showed the market.

Of course, if you're just an average earner, you really can't afford those prices. That's why only invest what you can afford or just find a way to accumulate. But when it comes in making profit, of course you'll left behind. If you aren't eager to earn big then just stick with the strategy you know and we'll ride the rocket.

Throughout the past week BTC prices have been pretty stagnant. A lot of people are surprised by this but I don't think that this is anything out of the ordinary per se.

The fact is that whenever you see short term rallies like this, it will be followed by a period of adjustments as the market cools down from all the fomo, as well as due to the innate cycles that exist with any asset that's trading on the open market.

I don't think that this time round, the correction will be that large at all, due to the fact that people realise that a bull market is already underway and that the market sentiment has reversed completely from the bottom of the bear market. I think that $8k will be effective as a support, given the fact that the correction 1-2 days ago saw an immediate rebound from the $8.5k level.

As to whether or not I'm still accumulating, I'm still doing so, just at a lower pace due to the fact that the majority of my fiat has been converted already to BTC at the $4-7k levels. I'd still recommend averaging out buy orders nonetheless, though, if you're interested in investing for the long run.

No, I've switched to alts.

What tends to happen when a bull run starts and the markets turn green is that bitcoin leads the way. This is obviously true of new money coming into crypto, with bitcoin being effectively the fiat gateway (yes, you can buy a few top cap alts with fiat, but it's mainly BTC). So people see BTC going up from the new money, and they FOMO, sell their alts to buy more BTC, and BTC rises further.
Once BTC price increases start to slow down, a lot of people then look at alts - which now look undervalued against their historical BTC price. Plus you have the new money that came from fiat to BTC, has seen some profit, and now wants to branch out to other coins. So then alts take over the bull whilst BTC takes a back seat.
I'm not saying this always happens, but it has happened enough times in the past to become quite a good indicator of how the markets might play out.

One more point is that I'm not a fan of huge unbroken price rises. They tend to be unsustainable. I'm much happier with a rise that pauses for a while to establish a new support level before building up again. We all know what happened in 2017, and when the fall started no-one knew just how far it should drop, because the mega-rise had not built in any support.

This is part of it and it happens in forex trade, so I understand it when it goes back and a pullback will be expected in most times.


I guess you are holding on for $10,000  ;D because that is the next point of price hanging.

Buy now and buy again if there’s another dump this is my simple activities during this sideways moment, its boring actually because of small pumps but of course long term is what matter most. Bitcoin is hanging on, he’s not giving up so we must also not give up. Bitcoin will hold and it will climb up, i don’t want to see another bear market, bitcoin will not disappoint us again.

The rising of bitcoin is pretty fast amd its a bit dangerous to invest, but the trend is still positive and the market also perform well, its better to be cautious, for me its not the right time to buy, unless you are aiming for long term, if you want to buy now you need to pay attention to the market

I like this idea, and no it is not gambling, it is a wise decision IMHO. Why would we left ourselves be caught in a surging price of BTC?  Investment wise, I believe that this is not the time buying BTC.  It was way back when BTC were around $3k+.  Looking at altcoin investment at this point is a good diversion.


This! ↑↑↑

I don't have a lot of money to buy more bitcoin, and I prefer to hold what I have stored in my wallet and hope that in the future bitcoin can pump up high.

I think that this stage is the best to buy bitcoins, following the teachings of Wyckoff's theory we are in the accumulation stage, and according to this stage in bitcoin the volatility is very high and consists in eliminating the offer, and that is when the bitcoins are cheaper. According to this we have that it is the best stage for investors and buy to wait for bitcoin to reach its bullish stage.

Wasn't just the speed that got me worried too, it was the real lack of volume and other fundamentals -- but now with volumes rising, Bitcoin mining difficulty at a new all time high, I'm probably going to concede in saying that I'm more convinced that this rise is sustainable... the only problem is it still comes "too soon" after the fall. I'd have loved this absolutely in 2020, alongside halving, but 2019 still feels premature even with the accompanying strengths.

Probably the smart move to get into altcoins if you're the gambling type really, so no harm done there.

volume still hasn't really come in yet---not like we saw in the $5000 (early april) and $8400 (mid may) areas. you can see we had significant (either time or price wise) corrections off those levels. corrections usually follow high volume exchanges. so the fact that we haven't seen comparable volume yet off this $9k consolidation tells me we're still probably gonna go higher.

onwards to $10k? :)

I admit that its better if they bought coins last $4,000 mark but if they didnt buy, its also profitable if they buy now. I believe that the price increase is just in its half and another half is waiting to get earned.

Its not too late to invest on bitcoin cause price might reach $20k again before the year ends, there is still lots of time to accumulate bitcoin as many as you can before the true bull run starts

when every signal on the charts and every signal in the market from the market participants (aka the traders) is telling us that a big rise is going on with a lot of money that was waiting on the sidelines for that signal coming back in bitcoin, to ignore such things is foolish in my opinion. we are not just hanging on, we are passing by!

as for buying, of course i am buying as i have always been buying becaue i accumulate bitcoin with any extra cash i have in my pocket that i don't need. i am here for the long haul!

Is it still wise to buy now?

Let us get real. It is scary.
That fast paced pump is really something that cannot be ignored by any crypto currency follower.
It is almost like the same as before and investing with it will have a higher risk that it was 3 months ago with slow movements.

I dont think I am buying now. I've got enough. (although I really want more) Maybe I will wait for now.

But you must have a high patience when bitcoin touch an ATH again. An instance when bitcoin price touch new ATH om 2017 ago i.e around $20.000 but when correction came bitcoin price had jumped drastically and touched at the lower price $3200 a year ago. At that situation what will you do when late to sell it before its price touched the lower price even you are still hold till this time, I guess you choice is hold as much as you can. And that is possible when bitcoin price find  a new ATH then its price most likely will meet the same thing as a two years ago.

If you see the market carefully you will realize that there is still room for further increase.
I don't know if now is the right time to by, but as I see the market stabilizing around 8000$ there will be more options for investors to push the price higher.

Some bearish article equipped with their own TA said that it is possible that Bitcoin can experience some price drop.  They believed that Bitcoin is somehow overbought this past days and correction is coming in  because sign of bull exhaustion was seen. (https://www.coindesk.com/bitcoin-faces-price-pullback-as-signs-of-longer-term-bull-exhaustion-emerge) $10k  Bitcoin may probably be delayed until next month unless Bitcoin market proves that this kind of prediction is wrong.

I'm in a similar position right now. I did most of my buying below $4000 and planned to dollar cost average all the way to the $6000 mark, but in a very short period of time my plan ended up right in the bin.

It could be a stupid decision not to buy more at today's prices, but I rather wait and let the market do its thing, which is to firmly correct after a parabolic rise. It's only a matter of time.

At least, if the price ignores everything and continues to go up, our main hodl stack will still put a smile to our face. People without a hodl stack are the ones who need to make a move--owning some BTC is better than owning zero of it.

I'm still continuing to DCA as I have been for the last several months, but I'm making less trades than I usually do in this choppy little range we are currently in for now. Just holding a low-leveraged long at the moment waiting for a move in the upwards direction as I believe we'll continue up after this chop is done. Seems like a lot of indecision in the markets right now to me as we continue to sit around the mid-$8000s.

If the $8k will not hold I am guessing that there will be a massive dip on the coming days or week. I guess this $8k is a blessing in disguise, can't wait to get some more with that.

Ouch, bears finally showed their teeth! That drop to $7,700 happened fast. We're still hovering near $8,000 and bulls are trying to hold onto this range but the threat of more blood is looming.

The best case scenario is a repeat of the April 25th dump.....sideways for several days and then a quiet transition back to uptrending.

This is weakness showing from a break of weekly trend.   We are still within a bullish channel roughly as placed here, likely I think a bounce occurs before further weakness and a good test of this large up move

https://i.imgur.com/dyO6aeC.png

daily bars, 50 day is 7000 aprox and 200 day is still about 4500 and I'd like a proper reset to there as healthy for Bitcoin overall

Indeed it was a mini correction and shortly after your prediction, bitcoin started mooning again and I am hoping that this one we get us to the value we have predicted, although I can still see some correction, maybe we will get up to 3 corrections before reaching that value again.

I am already see this $8k as past in the next couple of weeks and I know that no matter what the case maybe, bitcoin at $10k is very sure this month and I can’t wait for this prediction to be true. I have some percentage of coin to sell to further my education while I keep the rest till when it’s time for everyone to pull back after the ATH.

I can guarantee you that your hope will not be shattered, we all don’t have the money to be buying every dip that we see for trading which is why it will be better and much profitable if we keep holding our investment till we reach the peak, the only thing we just have to be careful with is not to get carried away or lost in our future though and forget to take profit when it is the right time.

It will be a great tragedy if after all these waiting, we still miss taking profit at the accurate ATH. That is why I have already set my future trade down for my coin to be sold at $18000, if it then passes that, I would not regret because I already have more than enough profit at $18k.

I would like to buy on this dip but apparently, like all of you I don't have the money to settle for that kind of investment even if it dips from $8700 USD to $7900 USD as of now, But the price really is hanging on and I think it will still going to return to $8000 USD and would even pierce the $9000 USD price at the time a dip happens, I guess that is what the movement of price of bitcoin is going at right now.

I think this dip made many people shocked because they don't think to see the price was going down too deep. The price itself still trying to increase although it's slowly and still on the way to go back to the price before. Maybe it will need a few days to go to the price before, but I am sure that soon, the price will reach the price before and it will increase higher more than before. But it will need time before it can increase higher as we know that the market cannot be predicted.

 No for me it is not scary but it is good chance to make our future, when it is at low price we get the chance to earn more than we earn from higher price, it is time when all of yes should have patience and hold, if you will not buy now I am sure you will be sad tomorrow when so many people will become rich an become proud for buying crypto currency at current market.

Hodling and buying, back into the $5ks probably. I would have shorted but I don't play around with something that's going up exponentionally in the coming years.

It Bitcoin bottoms at $6,600 or higher we can retain the parabolic curve and the current trend can resume. Things are definitely looking pretty bearish now but the trend isn't necessarily broken yet.

If we go below $6,600 then it's probably going to take a while (maybe a couple months) for the correction to complete, and probably looking for low $5,000s in the area of the last weekly support zone.

The only price I see for the future now is the ATH price that is higher than the previous one, and I think we will continue to hold till bitcoin moon and get to the peak, except for a trader who is interested in taking profit and buying back at dip, but at this point now, I can boldly tell you that it’s becoming too risky to pull out now because any surprise visit of bull run could happen anytime soon, most especially around $10k, that is the value I am really suspecting to be like 2017, when bitcoin started shooting nonstop from $7k +. This time around, I think it will start from $10k + if we can have FOMO around this value.

no there is no reason to go below $7500 and as we saw yesterday the price couldn't go that low and stay there as the $7432 in Bitstamp didn't last more than an hour be fore jumping back up to $7800. what we have here is a combination of a correction after the rise to $9k and the panic caused by a lot of FUD online about whales dumping and things like that.

Big question to most investors, the value continue move down and if this will continue to break $6k level, another twist and disappointed
investors will quit, holding and believing that this move is just temporal and it will move up again in anyhow.

Or buy more to lower there overall when the price is plumbing. Those profit hunters will also sell when the price rises and quit.

Now bitcoin did not hang to $8000, if falls below but don't panic.
If we buy at $8000, how much more at this price, keep buying as this correction is necessary and price will eventually go up again.

That's how bitcoin works,  some people manipulate it, they manipulate up and down, but bitcoin is bound to rise, so hold while waiting for our price target.

Don’t worry, the bears are just tired of the bordom that the bulls placed them, that is why they forcefully showed their face again, I am sure that in the next couple of few days, the bulls will regain their strength back to stabilize the value again and then push if further to where it belongs.

I believe we are still in the $8 zone and the next zone I envisage for now is the zone of $10, so I am not distracted by that little correction, our optimal goal is to take our profit when we get to AH and since we are still far from that, I think we have nothing much to lose if we keep holding our coins for ATH.

That's right, don't bet against the market as bitcoin is still in bullish form, the correction does not say it will drop again, and I don't even think that $5,000 will be seen again this year. Play smart and learn from its history so you can alway do the right thing.

Unfortunately Bitcoin price moving up is interrupted and delayed so another disappointment to all Bitcoin enthusiast but i still i suggest to just hanging ON as this was just temporary interrupted by some exchanges thieves that are now selling the stolen Bitcoin therefore it is an opportunity to buy more Bitcoin in cheaper price once again.

Yes If we compare to the last few days,
Then we can see that Bitcoin is way too down.
We all rememberd the hype when Bitcoin started growing and reached almost 9K usd,  but it's again going down.
And as far as i should but Bitcoins or not, then i would say NO.
As the price is really unpredictable,  so who knows if the Price falls more.
I am not in a position to accept more losses.

The price seems like it is going to close above the previous day for 3 days in a row but the growth is really slow compared to the previous weeks, for what I can see it seems the order books are filled with more sell orders than buy orders so it seems there is a strong resistance that needs to be broken if we are to see higher prices during the next weeks, to me this could indicate that a correction is coming, but this could change if a whale decided that buying bitcoin at this price was still a good decision for him.

Well be seeing more than 8k usd on its market price increase. I think it will be possible to resch 10K usd per btc this coming july since as predicted that bitcoin will going to have a bull run. As the ATH for 2019 expected then a high chance to get more market price increase. This with the help of the hype also from blogs and articles all over the world.

Aside from that many users nowadays are holding btc because of the said coming bull run. This mindset will help a lot for another good pump of bitcoin market price.

Firstly, I don't know anyone who's disappointed that the price didn't increase further--people were waiting for a correction to kick in and it did. Since when did the price ever go up in one straight line?

Secondly, coins that are stolen (I'm sure you refer to the Binance back) are never dumped immediately, and especially not on spot exchanges capable of moving the price of Bitcoin.

Stolen coins as result of hacks are more bullish than bearish short term speaking, because whatever the number of stolen coins is, these coins are taken out of direct circulation for who knows how long.

There so many fuds in the market like exchanges thieves selling the bitcoins etc but the fact is that bitcoin price will follow the correction. When price rise up sharp people who have bought cheap, they sell their coins to get profit. This is the way how market moves. After little correction, we will see another high run of bitcoin prices. The only thing we need is patience.

Right this moment price seems reluctant to fall far from 8000 despite losing the 8 day average price, its just risen from 7700 area

https://i.imgur.com/RB4wo7l.png

I think 8200 is the border to top prices but only after it beats 7900 and 7400 as the next step below 7700.    I would actually prefer to see it sell off properly down to 7200 (https://i.imgur.com/2TAUuV8.png) as we have moved out of the daily uptrend since April but only gone sideways since that point.   
Seeing some profit taking occurring would be normal movement vs this hold

Maybe if there is a decline, then most of those who have capital or a lot of money then they will buy bitcoin in very large quantities and then save until they get a suitable price to be released and with that maybe they will get a big profit, but for  those of us who have little capital are better off doing short-term trading

You and everybody else. ;)

So many bears are expecting a head-and-shoulders pattern to trigger a crash to low $7,000s or mid $6,000s. If that was going to happen though, it should have triggered at the neckline 5 days ago. Instead we got a daily bullish engulfing candle:

https://i.imgur.com/68JVLxT.png

I'm very interested to see how today's candle closes. If you look red box to the left, you'll see the last time we dipped below and recovered above the 20-day MA.