Bitcoin Forum

People in the world of cryptocurrency especially those interested with Bitcoin are happy and ecstatic to realize that their favorite coin made a good pump and is now hovering at around $8,500 which I did not see coming because I assumed that it will be moving sideways in the vicinity of $8,100-$8,200. Those who bought their Bitcoin when it dipped to $7,700+ are now thinking if it is more advantageous to convert them to USDT take some profits and wait some more time for another dip.

I am taking a good quote here from an analysis (https://beincrypto.com/bitcoin-price-target-of-8600-identified-by-crypto-analyst-will-the-price-get-there/): "On October 7, the Bitcoin price made a rapid upward move from $7700 to $8300. On October 9, cryptocurrency analyst @D4rkEnergYYY identified a bull flag in the BTC price, which is a bullish pattern. Furthermore, since this pattern allowed the upward move from October 7, it is very likely to act as a continuation pattern. The potential target following a breakout from this move is found at $8600."

Do you agree that maybe today or tomorrow Bitcoin can get past the $8,600 territory and maybe head on towards the $8,800 - $9000 mark?

I have doubt Bitcoin will have a hard time breaking to $8,600. There was an speculation about the Bitwise ETF might get approved by the SEC. Thus, investors are allocating and accumulating additional Bitcoin as it will be expected to rise if the Bitwise ETF is approved.

But, it turns out that the SEC rejects the Bitwise ETF proposal. Good thing is, I dont see the price going downward. Though, lets not be comfortable with it. People might start selling, just as what you have mentioned, its advantageous for the investors who bought Bitcoin at around $7,700 to sell at this point.

I guess it could be probable? We always see an increase in price during the Q4 of the year. As for observing this as a possible occurence of a bull run, it's probably possible since we saw the price drop of bitcoin to 7600$ which suddenly saw an increase as of today. I totally expected it to move sideways and start increasing by December but what happened was completely out of my expectations.

Yes, of course. The price now gets into $8600 zone as I see the chance to break the higher price is in there. But we need to be careful if somehow, the price is down for a while because the market seems to moves fast now. Finally, we can break $8600, I think the price will stay at the price for a while and perhaps, it will adjust for more before it could increase to the higher price. The price now still moving up and down and there are big buy and sell orders. We will see it what happens in the next hours.

Of course I'm sure Bitcoin will be able to rise to $ 9,000 but that's at the end of October, but if it happens tomorrow to redeem $ 9,000 then I'm happy bitcoin moves so fast and by the end of October it will be more than $ 9k.

Show some proof that will support your claims since you are very sure about the price movement of BTC. We can't guarantee that this uptrend will continue since the graph shows that there might be another dip if ever the bulls didn't sustain the momentum.  Let's what will gonna happened this weekend. I'm expecting another pump to 9k too just like what you say to confirm that the bull overcomes the bears. My target of 7.2k dip is still not hit and I believe this will hit once bulls show weakness this weekend.

Based on cmc, it briefly touches $8600 and then we are back in the $85++ region again. But I'm sure that we can go and touch it in the next 24 hours as the pattern seems to be bullish but I won't discount the fact that it could also be a bear trap.

So I guess this is what we call a barrier at this point, if we break $8600 tomorrow then obviously the next ramp up should be $8800-$8900. Short term goal here is $9k.

Yes, I just saw bitcoin tapped $8,600 for a while but didn't stayed there. And now, I think it will take time to tap $8,800 - $9,000 just like what op is asking. I see some bloods again to the alts so I'm expecting that bitcoin do the same.

By the end of this month, that's enough time to see for $9,000. But we knew it that bitcoin moves quicker everytime we're speculating.

of course in short term while being zoomed in, $8600 seems like something to keep and eye on but i don't think $8600 zone is really that important for the price movements that we are looking for. the main target that everyone has their eyes on is the $9k resistance which i think has a tremendous effect on whether we see $12k within a week or not.

Don't calculate your profits just yet.

The trend has not changed and will not change until we break through the 200 daily moving average and close above it. It's a moving average the big money institutions use as an indicator to determine trend changes, and they shifted extremely bearish a while ago already. Notice how easily we had a close below the 200 daily, while we are now struggling hard to close above it. This is indicative of strong bearish momentum.

With yesterday's increase we had some volume coming in, but that's largely gone now. It won't take long before we trend down to $8000 in the coming days, unless the bulls have something up their sleeve (which I don't expect).

As usual, Bitcoin users are getting grumpy and impatient rather than celebrating the recent rise in the exchange rates. Two days back, the Bitcoin prices had dipped to $7,800 per coin (from $8,200 per coin). And suddenly, it rose by more than 10% to end up at $8,600 per coin. Now the prices seems to be stabilizing at around $8,500 and a few of the users are spreading the FUD making use of this slight dip from $8.6K to $8.5K.

With the number of active users and growth in adoption, Bitcoin at four digit prices is looking extremely under-priced. Now I am not sure whether the bears are manipulating the exchanges and artificially keeping the prices down. But my opinion is that even if that is the case, they won't be able to do that in the long term. The prices will rise, but I can't sat how much time it is going to take.

Its time now to turn around and bitcoin are doing its best to go up before the year end, i guess the bottom was hit already and we have to wait for more weeks to see the good price. I’m confident that bitcoin will go back to $10k level and beyond, still have time to buy folks.

Even bitcoin is fast on rising you should know that bitcoin is also fast when decreasing. The price of bitcoin might be stable in the price of 8400$ to 8800$ but, yesterday the price of bitcoin step in the price of 8600$ and on that time I believe it will continue on increasing. There are 21 days before the end of October so let's see if bitcoin will hit the price of 9000$ or it might surpass that price. But, it is better if bitcoin will totally surpass that price.

Bitcoin is capable to alter in a short amount of time hence, we should be aware of the movement all the time. Bitcoin would definitely hit the $8400 or even more but I don't know when it will occur probably before October ends or before this year-end. Bitcoin is really tricky its hard to tell if it's going to pump or going for a dip. The best option to do in this situation is to hold, have the patience for the uptrend to come and your effort will be worth it.

Ah, you should never assume anything like that with bitcoin.  That wasn't a trend for long, was it?  That said, by tomorrow bitcoin could be back in that range or lower.

As far as this goes:
It's certainly possible, but I think speculating whether bitcoin is going to gain $100 in value within a day is kind of pointless.  That kind of movement is just noise.  Even if it hit $9k tomorrow, it still wouldn't exactly be a monumental move from where it's at right now, would it?

Oh, by the way OP, why did you question whether traders should cash out their profits to USDT?  Why wouldn't someone who made a profit and wishes to take it off the table just convert to USD (or whatever their local fiat currency is)?  I guess I'm not understanding the allure of these stablecoins, unless a trader wants to keep their funds on an exchange--but even then, that's not a good idea and it seem like it would always be better to cash out into fiat.

Why do people assume things in this market? As someone who's been here since 2017 (according to your Date Registered on this forum), you should know by now that you can't expect anything from this market, just let it surprise you.

How do you know this exactly? What if those people simply put those coins on their HODL stash and are simply waiting for the next ATH? To be honest though, anyone who bought at those prices and it's quickly thinking of selling is a fool :/

Yesterday the price went up to 8700 for a brief moment and then it went down again. Earlier today it went up to 8600, it's currently sitting at 8500. I think a few more tries and we should test 8700-8800 pretty soon. Although, I wouldn't get my hopes up, I don't perceive an extreme bullish sentiment right now, it could be just me, though.

to get out of this dip we only need the money that went out to come back in and they usually come back with a FOMO and they do that as soon as they see a major rise so that it could act as their strong signal to buy. sometimes it happens when some moving average is broken, sometimes it is triggered by a big news and sometimes it is just the buying power pushing the price upwards enough to break that resistance.
in any case it won't happen with $8600 if you ask me.

The next resistance of the price of bitcoin is at $8600 of course the price couldn't break the zone for the next resistance at $10000+ hopefully if the rumored SEC approval came to pass then we are in for another bullish market however the price seems to be ranging between $8400 to $8600 ie that zone looks strong although the price had retouch the resistance turned support at $8400 thus another price rally upward is very imminent.

Hmm, I agree that Bitcoin will cross the $ 8,600 level and it is very possible within two days but it seems to me that it may take some time to get to the $ 8,800 - $ 9000 level. Maybe take two to three days longer. But when bitcoin will cross the $9000 level then I don't think it will take too long to cross $ 10000.
When people have been able to buy Bitcoin at around 7777$ after crossing $14k I would say he is very lucky and he will never want to convert Bitcoin to USDT so quickly.

It is possible that the recent price increase may be due to this:

Bakkt’s Bitcoin Futures Trading Volume Soars 796% in One Day: Report (https://cointelegraph.com/news/bakkts-bitcoin-futures-trading-volume-soars-796-in-one-day-report)

And if this really is the cause of the price increase, then it shows that we need more demand for the price to increase to reach $9000

Clickbait title if I've ever seen one. Daily volume grew by 796% because the previous day was Bakkt’s lowest volume day yet. ::)

"The market crashed? It must have been because Bakkt only traded 149 BTC in a day! Oh wait, the market pumped? It must have been that 224 BTC that traded on Bakkt!"

Dumbest. Narrative. Ever.

Yeah right accumulation while the value still cheap, regarding to the holiday season where also chances that investors will bring new money out from bonuses from their regular day jobs. If that happens price movement will be positive and can go up, $9k can be a good grounds then trues to build more barriers.

Let's be positive and continue to observe if bitcoin will break out and pumped high again.

I have a bitter experience with christmas/new year price dump as there is a set of people who always claims that the value of bitcoin will increase during the end of the year which proved wrong last year as well as the year prior to that wherein the value of bitcoin started to fall after christmas. This year it's a whole different due to price corrction which has happened till now and yes just for the sake of speculation i could vouch on $6,000 mark.

This isn't absolutely true. If you recall December 2017 the bull run started as early as July that year and ended up going down during January of 2018, even though it started to fall from 19,000$ during December it still managed to go up from 11,000$ to 17,000$ from December 22 to January 6, 2018 making your holiday theory not possible. Holidays for me in the market don't really have an affect or any kind of factor influencing the prices the market itself is the only thing affecting the prices and maybe the news surrounding it. If you don't believe me just check out the charts and you will see no pattern involving Christmas season and Bitcoin's price movement or even the overall crypto market's price movement.

The ETF proposal will be rejected as others have been because it allows pension fund investment that they dont want involved with BTC and also sanctions a foreign market.  I dont think anything has changed for them until the ETF is quite restricted in potential users, they wont allow it like GLD for example.

8600 is the 200 day average at the moment so it is struggling some.  I think we have a small area its trying to break out of with small bearish and bullish trends.

https://i.imgur.com/WMNrDT5.png

Definitely looks like the 200DMA is in play at the moment. We've had many wicks through it and even a few 4H candle closes above the 200MA from looking at the 4H 1200MA (basically identical to the 1D 200MA), but it seems like the current 4H candle bounced off the 200MA again and we're hugging pretty close to it without breaking through. In the very short term I believe there's a possibility we could break down from here, though most dumps seem to be bought up quickly from the wicks on the 4H.  

Daily MACD's also starting to trend into the green after weeks of being in the red before and after the break of the descending triangle. Could be the start of an uptrend from here.

A speculation that will be hit soon, we are near at the level of $8600 and if we break that, the momentum will continue and hopefully bitcoin to make a new high after a big dump. We have to wait patiently, stop panicking and trust the trend of bitcoin, its time to reverse and bitcoin will do its best to make a new ATH before the halving.

It seems Bitcoin had broken the 8500+ resistance and is now at $8600 + zone, there is a TA from tradingview that we can visit $9000 soon.  According to this TA, https://www.tradingview.com/chart/BTCUSD/2tow9eLv-BITCOIN-You-See-Everything-by-Your-Own/

https://i.imgur.com/lCcg49T.png

Important Note:


and from the previous post I made where I share another TA from tradingview about BTC chart confirming possible $9000 price (https://bitcointalk.org/index.php?topic=5191555.msg52718544#msg52718544)

Right now all I look into is the $9000 zone. The price of bitcoin has been growing without experiencing any big crash due to whales or other events. Over the past few days the price was moving within $7900-$8300. From there it has increased and now the price seems to move between $8300-$8650. I believe the growth to take place in such a form till the ending month of the year.

Bitcoin will be moving back into the $10k zone very soon before october comes to an end.  In as much that Bitcoin might be struggling at the $8k at the moment, i see it entering back into the $10k zone before october comes to an end.

As the OP post , the price reached $8700 already earlier and now to $8500,Any price between $8k to $10k is possible this month and until halving , though some really withdraw to spend in holiday it may also possible many who have bonus may buy too. Though I don't usually use my holdings during Holidays historical data didn't show that December brings so much dump, it will re accumulate before halving too if ever drops.

Yes, anytime it could happen.
Do you have any doubts about it?

Bitcoin had been one of the most volatile of all. Even in minutes it could plunge to a low price or get a new all time high.
Still, I think the dump is finished. We might be seeing a consecutive pump this week until Sunday.
Just my speculation though.

Well, what do you know. I wake up, get ready to sell a bit of Bitcoin. Friday, I like to put up trade on LBC, get my weekend stuff done. And then just as I put the trades active, price shoots up. Right into and above the USD 8600 zone. Happy me.

But no one bought anything. Even though my trades are cheapest (Appears top in my area). And then price slaps down hard to current at around 8450.

Then my trades are accepted.

Life goes on, eh?

Almost 8400 by now so I think it can reach that amount in just a little while.

Even before we could see bitcoin going to new heights in just minutes. If we are waiting for a day or even a week then we might see it even more than 8600.
Besides, we fell from 12k and I bet it could hit that number again anytime soon. Ber months had been the time where people spend money. I hope they spend it with bitcoin now.  ;D

we almost got it last night when Bitcoin climbed to above $8,500but suddenly does not have the power to continue and now fall again to 8,400usd but maybe in the next day Hopefully we can hit that so the $9k is the next target
any link or TA about this?seems that you are bullish in your own speculation mate?anyway all of us looking for this but at least we must not expect too much as we can be a failure again

The price shows a recovering signs after we experience a great fall from $10K down to $7.8K, and now it started to established a stable momentum. Current market value of bitcoin today as per checking it was at around $8,354 with little fluctuating trend, good as stable for several minutes. I think it's possible to get on that price of $8.6K or higher and hopefully we will surpass the projected price reaching towards $10K in the first place.

It seemed we are finally over that Bakkt bear time, I mean it all depends on where it will go from here but at the end of the day we broke the trend and thats what matters to us, if the price kept going down and up around the same price it would have been a boring period but we broke it and now we are above.

Bulls should be coming in any moment now, I am expecting another $10k+ soon, and I mean really soon, like a week from now we should be at around $10k. People do not realize the importance of breaking the trends upwards, all the increases in bitcoin world happen right after we moved above the trends, no exceptions, which means bitcoin will once again go to a high price if history repeats itself. I wouldn't mind going above $13k as well once again but I am realistic and say $10k is enough.

Bitcoin got really close to your mark but since then the price has been going down, to me we are in a very difficult situation for those that are trying to predict the market, the price of bitcoin is being too erratic, so before I commit my money to one side or the other I prefer to wait and look for a very clear signal that the price of bitcoin is going to take one direction or the other, obviously this way of trading does not produce as much profits but it is safer.

Very optimistic prediction. Having in mind past Bitcoin behaviour I would say that we are closer to.another correction that pump to 10000$ or more. To my opinion price will continue to fluctuate until end of the year and I don't think that upper level will be 10000$ max and that is at current moment optimistc prediction. Bakkt doesn't play any role in it, not positive or negative.

I think this was expected price pumped upto $8500 and then now retraced back down to $8400 market moves up and down in waves and not in an erect position. So obviously people need to relax a bit rather than thinking that we will go to 19k in a straight line. Current Analysis is pretty bullish and it's pretty sure that we will reach 9k in a day or a two if we are able to survive over 8k. Technical Analysis is always a lots of ifs and buts and this is how market works. Bitcoin can soon go back to $8600 territory.
People expecting that Bakkt would skyrocket the price are pretty over ambitious I must say. Just launch of a mere future can never skyrocket price of btc unless it receives a hell lot of volume.

It is possible to happen we did seen it before the market could move up so quickly so I think that it could happen anytime soon.
I also think that it could go up to $10,000 before this year ends or way more higher than that.
I think that it could start to pump in December and it would continue to grow due to the halving .

I have noticed something about bitcoin, at the point that bitcoin is being celebrated is when the price dumps, but at the point where bitcoin is being frowned upon is when bitcoin starts to decline in value which I think this has been the nature of bitcoin even since inception, it was at the point that people were forgetting about bitcoin that it started rising so high till it reached the last all time high that we are still waiting for to be achieved right now, and I believe that in future with time, the value of bitcoin will increase almost 2x of the last all time high.

It is now that many people were even predicting that they are seeing bitcoin fall to $7000 that it started making a whole lot of recovery and this is indeed a very good news. People will be encouraged again to stay lively.

When we hit the $8800 yesterday the rejection was pretty dramatic and very bearish. The outlook is not looking good. I am expecting a run to the $8500 area and from there the bears will appear and try and short it down to the $8000 area again.

The $8800 is significant because it was the high on Sept 25 2019 which was the day after the $9000 support broke. I was expecting at least $9000 area to get tested however looks like the whales front-ran many traders who were either going to use $9000 to get out at break-even or use it to enter a short. If we get more daily higher lows forming then I will be bullish again but now its too early to tell the outcome.

We're hovering just over $8.3k now and I expect further declines over the next couple of days. If people are still bullish with Bitcoin behaving like this, they will be woken up in the most brutal way when we dump to $7k.

Improving fundamentals that bulls tend to point at don't help either---the market has to bottom out, and when the trend has turned bearish, it usually comes with a 50-60% correction from the top at the very least, so buckle up.

Close enough is close enough. I'm sure that even if we hit $9k the reaction would be very similar---wicks don't mean anything as long as we don't see an actual close above important moving averages or resistance levels.

It is funny that despite my concentration on the market this day you mentioned, I never even sited that $8800. Except maybe it happen when I was sleeping, the highest I saw bitcoin grew to that day was $8500 I think, maybe it had dumped then that I did not know, but if it had touched that level then, it is good that it may succeed in breaking the barrier fully within the next few days, which means that we should be expecting the value of $900 to be realistic once again.

I can't wait for the bulls to really make the price recover again, as this will help the pending investors and encourage them in adding more money because $9000 could send a further signal that it will be going to $10k, but at this $8k level is just the best to buy bitcoin more now.

8600 is way too short term goal. Think about 18k. That is something that people can speculate on because it seems miles away. 8600 will be breached again and it will sink below that point as well. Hey! It is Bitcoin, it swings more than a woman from the swingers club.

Some people want to bet on todays price, guess it right every day and you will soon do better then the ones waiting for 18k which could be years from now.

8600 is the 200 day average so its already fought that battle and come back down from there.     We are on the 8 day average now and its been some support.

https://i.imgur.com/2FiEfKS.png

Theres a descending trend above, when the two meet we get some fireworks happening I would guess.   So far the general picture to me is consolidation of previous price moves and some negative while below the 200 DMA

That is not a very accurate chart. Your lines are not done properly. The 200 day avg you talk about is not what you think it represents. So why don't you leave this to the pro's eh?

I think we can broad into $8600 zone all of this year, bitcoin looks to be prime to explode soon but at the same time it looks like it will end up the year very strong as well, by the end of 2019 and start of 2020 we could be way back above $10k and reach to a new yearly highs. 2018 had a yearly low of 3200 dollars, because that trickled down to 2019 we had a yearly down of $3.4k on 2019 as well but we did moved around $4k half of the year, now on 2020 we gonna have at least $8k+ on the bottom, I doubt it will go under that price again in all of 2020 because halving is coming so the bottom is basically doubled.

It is just such a great feeling to see bitcoin grow so much, it is like watching someone grow, we knew it as a baby a decade ago and now we get to see it grow to be something big.

I say that the potential for bitcoin to touch the support of $ 7,500 as predicted by many parties is very likely. moreover, the fall of bitcoin in August 2019 and what happened today, will increase the panic of traders or new investors. This is also how they dig and receive information related to bitcoin and BAKKT later. If more and more FUDs are scattered, it could be worse than we thought. Except later, investor confidence will improve, more good news and FOMO may occur. Bitcoin may re-test at $ 8,600 resistance.

The support of Bitcoin right now is at $8300 and if it can't hold it then the next support is around $8000. There is at around 50-60% chance that it will go higher at around the $8600 zone since the charts are showing that Bitcoin is bullish at this moment for the short term. The next resistance is at around $9200.

until now I am still waiting for information that contains FOMO in it. Well, I think the price of bitcoin is so close to the price of $ 8,700, I think it's pretty easy. however, given the current situation, the fact is that bitcoin is really trying to reach that price. I don't know whether today or tomorrow the price of bitcoin reaches $ 8700, but I'm pretty sure bitcoin can pass that level this month. however, some analyzes that exist today say that if the bear market occurs, it could make the price of bitcoin fall to as low as $ 7700.

Yes it will go into 8600 zone but it won't stay there for long. There will be an immediate pump after breaking 8500 and we will straight away rest at 8800 and nothing before that. Also this could mark the beginning of another bullish move. We need a lot of FOMO in people for this pump to take place.

You are a perfect example of someone that speaks too much but says too little. Maybe we can call this the signature campaign effect?

Returning to topic. Yes, the level of btc price is way too close to 8600, like I said before, it is a very short term speculation. Bitcoin is definitely going to swing past this level. The only question is whether it will be able to sustain it long enough.

Last year the $7200 levels were considered solid as prices hovered there for months before sliding down to this year's $3500 levels. Which is mind boggling if you think about it since the price of this very asset was nearly 6 times that in early 2018. The good thing is, Bitcoin swings happen way too quickly unlike the regular stock markets so history will definitely repeat itself.

in my personal opinion, there might be price fluctuations one week before Bitcoin Futures is launched (only predictions). I personally as a trading player who is more inclined to technical analysis, of course, will be more hopeful if the process of launching Bitcoin futures does not have a significant impact.

I believe bitcoin will not touch the price of $ 8000, in my view bitcoin will be in the position of $ 8800. I think this is the end of October, but to overcome the $ 9,000k resistance it shows at the end of the year.

Returning to $8k is not impossible, especially with the small difference in price from current prices. if the market conditions are not strong, the price will not be able to penetrate to $9k in the near future. and moreover the market is still very sensitive and easy to panic. the slightest bad news can trigger prices down to $8,000. so for now hope that prices can go up and FOMO happens in the market.

I doubt it because that will basically mean that a price above 8000 dollars is the new bottom and that seems to be too high, it seems more likely to me that the crash is going to continue and we will at least reach 6000 dollars, while for many people this will be a very low price it is still significantly higher than the bottom that we reached the last time the price of bitcoin crashed, and we also need to take into account the dominance of bitcoin over this market which is still too high and it will probably go down during the next months.

Actually people don't care about ETF's anymore. Back when it was first being discussed, it might have been important, but now it has been rejected so many times that traders, serious or casuals, just don't care. And I think that's the way it should be.

Remember when everyone was losing their shit about Bakkt launch and the BTC futures then? See what happened? BTC crashed rather than gaining momentum. So let's not worry about BTC futures. If it happens, good.. if not, who cares?

First and foremost, I think $8,000 is the very core of support so it's not impossible to touch it anytime. If there is no FUD then the market will eventually go up following with the sentiments of the people.

The only problem now here is how would Bitcoin break or even reach the $9,000 resistance within this Q4? FOMO would start if the people see some positive sentiment that would eventually starts the bull run but I doubt it will happen this year.

Well, Honestly the market has never been so unpredictable due to the past events as we can see that the bitcoin has reached back a good value but still we all have fear or illusion in our mind that the price may drop anytime as we are used to dump whenever the value is growing and then suddenly slows down. I am no different even I feel the same.

Sadly market does not move based on sentiments. $8000 is not a true support zone. It is $7600. Take a look at the charts before you say that $8000 is the support zone. Just because there are some corrections at that level, does not mean it becomes a support zone.

Well, that's what I see in my chart. :P

But just like I said, I think it is but I think you might be right because I haven't calculated the corrections yet. ;D
But the market price is acting it this way, although we haven't seen the end of the road to say things that we don't know yet.

Market wont respect round numbers especially.   We are in weak position and imo its like that for near to medium term.  It will stablise at some point but I see the drift as down for now

https://i.imgur.com/IeMy7kc.png

Also support lost, becomes resistance that must be passed with some strength and then confirmed as solid ground once again otherwise assume its a ceiling.
  Target upside is 9200 I think if we get higher, thats another trend but less aggressive and below we have the previous lows of 7600 or so.   We are below 200 and weekly and monthly averages so there is a confirmation of a negative phase to price for now.   I guess we can add in an ETF for BTC got turned down but I dont really count that, maybe the Libra opposition counts as more significant.  I'd say trying to match the news to performance is more difficult then just taking the number sequence we have and noting lower high prices and it seems also a decrease on every low to a lesser price.     Always good to keep watching for a change in mood though.



Market is full of common people and I'm just another one of them, I dont count anyone as perfectly accurate anymore theres tons of bias.   200 day average is just plain maths, how people suppose that it means anything is upto them but its widely watched.

I doubt we would touch those levels before end of this month, there has been a good sell pressure on bitcoin for a while now and even with that we have been holding at above $8k for a long time, if there was any indication that bitcoin would fall it would have already happened, only reason why could potentially go under $8k would be people not buying anymore like they are right now or people selling more than they are selling right now and I do not see neither going to happen any time soon.

Yeah, there is always a probability but we have never worked on a chance of something happening, we are working on something probable to happen and I see a big increase coming soon as soon as the sellers let their foot off the gas. Isn't that more possible that closes resistance is way too close whereas closes support looks way more strong.

I don't think Bitcoin's price would hit 8600-9K USD before the December month! Bitcoin's price recent movement is not positive enough to think 9-10K USD. I heard BTC would hit 10K USD in October, there were many predictions about it, but again, those predictions are now failed! So, this year may gonna be the same as the previous year. The crypto market can dump in November! Again I don't know the future, this is another prediction according to my research!

This has been my posture for a very long time, at first I was very excited to see if ETFs were going to bring a huge interest to this market but after they had been rejected so many times I stopped caring and to this day I do not know if one of them was approved or not, it seems to me that the issue of their approval was being used as a weapon against this market to try to control it but they have overplayed their hand and now most people like us simply do not care.

The ETF would only be relevant if its speculating or holding an asset in this market not vice versa, it was never going to be a main feature just some believed it was indicative of broader market interest and accessibility.    Big companies can in any case hold BTC and even on my personal pension I can arrange some holding of BTC if I wanted however I choose to do it personally which obviously is an option for all.
   Theres many paths the public can be involved with BTC and the ETF I dont think is that relevant.   If the ETF was restricted to high worth sophisticated individuals then it'd probably be allowed but that would miss the point I guess.   Iam bullish on BTC if it keeps on trying to improve its usability and ease of access so anyone can make use of it without hassle or worries.

It's indeed very likely that we will see the same scenario unfold, but with less damage this time considering the fact that we have not had an extremely parabolic bull run similar to 2013 and 2017 so there is less to shake off.

Obviously, that's just an opinion of mine and we can still head for much lower levels.... markets don't always have to repeat the past, no matter how much fundamental growth they have gone through throughout the last couple of years.

reality like that. but people are so enthusiastic about saying that the price of bitcoin will repeat itself like 2017, or even touch the new ATH. The market may be dumping in November, but I am pretty sure that the price of bitcoin will again rise even past the $ 8600 level this year.

Well, there is no strong information about it, I can only rely on halving that will happen. it is also the core of people's thinking that the price of bitcoin will increase.

technically i am agree with your.based on chart i am still see bitcoin price still has possibility to going down again.the worst scenario bitcoin could hit on around $5700.but one again , it just our own prediction that could be wrong or true.just be dinamic while we see movement , even that extreme movement or only usuall movement.we need to prepare our money in order to catch best opportunity when it crashing again.

These last 3 days some whales moving some Bitcoins to Exchanges like Binance, Bitfinex, in fact there have been many alerts through @whale_alert (https://twitter.com/whale_alert), I think they are taking a position to do their already planned strategies. In fact in this article: Whales trade big despite stagnant Bitcoin market, decrypt.co (https://decrypt.co/10596/whales-trade-big-despite-stagnant-bitcoin-market) you can see that it has attracted the attention of many, it is possible that the market is now taking a good turn, there is an area of ​​opportunity that as of today is beginning to change, the price has increased, $ 8600 It is seen as an area of ​​opportunity where bulls can defend positions.

The fact that it is located at $ 8600 is beneficial, because the offer at those levels would be being tested, which is good, it is very possible that you can quickly jump to $ 9k if the road is without much offer, I think the possibility is open , in that price range we could think of a possible bullish rally, to see how such bears react, it can give the opportunity to create possible liquidity zones to resist any bearish attack.

Although it seems to me to make a prediction at the moment seems irresponsible to me, I think that many are thinking of a bearish market and something that this type of market has taught me is that the opposite is happent what the mass thinks, that's why I think that There may be a very good bullish rebound, but it is my way of seeing the Bitcoin market.

We have a challenge occuring to the trend and 8 day average, turns out week open is quite positive for BTC

https://i.imgur.com/eeLiHd6.png

If it can confirm above  the declining trend on 4hr bars and perhaps stay above $8200 for Asia trading then we might get $8600 or higher; though both monthly and 200 day average are remaining as hurdles in this area as a cap to any further aspirations.

Unfortunately, bitcoin can't hold its position above $8500 for a while and hovering around $8200-$8300.
Right now bitcoin still maintains $7900 as the bottom line for a few days, pretty strong at this point.
personally, I believe bitcoin will drop to $7500 and if the market still bearish, $7000 should be the lowest level before it rises up to $8K again.

Bitcoin price drop now at $7900 so i think its gonna be drop around $7200 before the end of this month.
And many investor that will gonna buy for it because they are waiting that bitcoin price will drop.

But we are witnessing this minor drop and increase from last few weeks wherein it's neither going below $7,500 nor going beyondand $8,500. I am slightly clueless how things will be in upcoming quarter but yes the price will increase but not sure when. Investors will be playing a key role this time as they can either go for bitcoin or Ethereum as they might not choose to invest in ICO like they did last year.

Nope, bitcoin going otherwise, get back anove $8200.
It won't fall to $7200 anytime this month, even drop to $7700 seems doubtful at this point.
Probably bitcoin will start to slowly climb up to reach $9000 next month.

Yes bitcoin is back up and many are waiting for bitcoin to go down to $ 7,700. It's impossible I said the lowest bitcoin is $ 8,000, but I also hope that in November bitcoin can reach $ 9,000 that's my initial target.

nobody knows about this. if we look at a few months ago, the price of bitcoin always shows the same thing, like the price starts to fall at the end of the month, and rises at the beginning of the month. if the price of bitcoin stays above $ 8500 at the end of this month, there is a high probability that the price of bitcoin in the next year could touch the price of $ 9,000. this is my prediction.

I still think this month is a good timing to go back to over 9 thousand dollars, after all everyone is expecting bitcoin to stay around these levels or go down right now, nobody expects bitcoin to be 9 thousand tomorrow right? How many people are ready for something like that?

So, if whales decide to manipulate the market and make the price go up, they will be the few who made a profit from this and that is why I think they are working on it. Yeah, it may take some time to collaborate together again for the price manipulation but if they manage to I think the next 10 days is very crucial for them. If the price goes up in November or December that would be expected because price has been low for a while now and eventually going up is expected but if it goes up in the next 10 days that would be unexpected.

I don't think that we can break into the $9k levels this month. You just have to look at the trading volumes, there's not much movement and we are in the zone wherein the price tends to go on another sideway pattern, support levels are not that strong.


Whales do manipulate if they know that there's some big news coming, so they pump it prior that's why they make so much money about it. On the other hand, we haven't heard any positive news, last time, the Bakkt launched was supposed to be the next catalyst, but the price went on the opposite side.

Yes it will be to get out of this zone but it will take some time say in mid of november when prices can cross $9000 as we behind $8.5k and prices today are $8.2k but bitcoin has the potential to rise fastly and in the Q4 of every year we have seen some positive growth in the charts so hope for its betterment soon.

I don't think this is the time that investors will actually play a low key in investment this time, because this last quarter of the year is when we usually expect some increase in the market based ion history, it is based on history that we know that the market is usually doing very great towards the last quarter of the year which we have already approached, and I think that the market dipping that we saw recently is just gathering momentum for the value that is coming in the future.

There is still long two months waiting ahead of us for the month to actually end, anything could actually turn around and we will see the market of both bitcoin and altcoin coming alive so greatly to become a matter of interest to lots of investors again. So I still strongly believe in this last quarter.

You got your prediction right, bitcoin was not able to mantain its price and now it has crashed to a price below 7500, however I'm not really sure that 7000 is going to be the bottom of the current correction bitcoin is suffering, most likely the price will go down even more, it seems that there are many investors which are expecting for the market to recover because we are close to the halving but I think it will take more than that to save bitcoin from losing even more value.