Bitcoin Forum

https://cdn1.worldpng.ru/uploads/2019/12/28/06d63f8d3bc8de4b60cb1730dfdfe993-full.png

Reasons:
- Price ate all SL's above 7300$ and 7450$
- I expect further decline price
- Also scenario with big H&S pattern is valid
- Always do your own research before opening positions

What do you guys think?

Today there is a lull of the Bitcoin cryptocurrency and this affects the trading of Bitcoin. I think that Bitcoin needs to overcome the $ 7,800 mark and then the bullish mood will come.

in my opinion bitcoin will experience a short-term increase, and if the price cannot get past 8000 it will probably decrease again, but that is just an analysis, it can be wrong, it can also be right, believe in yourself, don't follow other people's opinions too much.

what you say is true, I see sometimes bitcoin falls below $ 7,000 and some time above $ 7000 and it continues for a long time even it keeps repeating because bitcoin prices do not yet have certainty about further prices, but I also don't know maybe after the new year will comes a better price boost

It depends on what time frame you are looking at, but it could just as easily print another lower high by topping out at $9000 or any other level below the peak of the 40% "China pump".

The bullish nature of stocks hasn't done anything for Bitcoin despite some people saying it will lift Bitcoin up as well. Stocks keep printing new all time highs and Bitcoin keeps falling. Clear indication that money is only interested in buying assets that go up and ignore that what goes down. I can't even blame them. Money is better off in stocks as we speak.

a few months ago I speculated that the price of bitcoin went up, and right then the price of bitcoin went down. Well, I'm not very good at speculating, especially at a very sensitive moment like this. at the end of this year, the price of bitcoin is so vulnerable to fall, so there is a possibility the price will reach the level of $ 6k. it's just that, currently the price of bitcoin continues to rise, even resistant to the price of $ 7500. however, I still think the price of bitcoin can go up to $ 7500 compared to the current drop.

The New year can be expected as a new page of BTC market and since it has been regulating and stabilizing the price for almost 1 1/2 month already, a breakthrough would naturally be expected. But, if the said Plustoken scam was true and the ones who started it actually dump coins in the market constantly, expect a constant steady movement instead. It may even fall at 6k sometimes but the market would continuously regulate it to 7k and above (probably) and hopefully, no bears are able to push the price below 6k.

The $7,000 is quite the interesting horizontal support. we can expect good things to happen as long as it's defended, i think the next is $7,600-$7,850 with the chance of 80%, and with an attempt to broke the channel and enter to $8,000-$8,200 with the chance 40%-50%. Mind the bears the volume is weak, keeping underwater orders is not a bad decision. also keep watching BTC vs Altcoins, a double play is preferable. further, stop-limit is recommended. However, this is not trading advice. this is for experienced players or light orders.

Today bitcoin looks green $ 7355 potentially going up again I am not good at analyzing charts but I see that future market movements will look good to high levels.
But I always do research to make a purchase or sell because it can not match the predictions of what I expect so I will continue to see market movements when it is green.

Why would the price further decline? The price has been quite satisfactory with it stabilizing itself for 1 1/2 months already. This proves that any regular dump wouldn't be able to affect it hugely, and would only cause a small fluctuation like what we are seeing right now, movements of a few hundred dollars. Bears shouldn't be able to pull it down unless they put out a big move, one that is pretty impossible for bulls to resist and really push down BTC below the 6k.

I think it needs to get above $8200 to stimulate bullish traders. That may happen next year and not this year again. This afternoon bitcoin has really gathered momentum and has gone over $7380 and I believe that it is going to be halving bitcoin 7600 and 7000 before end of this year.

Year 2020 is when lots of bear position going to get liquidated.
Pepega

The price has proven more than once that it is stronger than the levels of $ 6500, and it quickly bounced back as soon as the drop is below $ 6800, so I expect that an upcoming rise will take place up to $ 8,600 and ending with $ 9,600, but we need sufficient incentive.
So far there does not seem to be a catalyst that would lead to all this prosperity, so we may see an attempt to rebound at $ 6,700, but soon we will return to levels of $ 7000.
Overall, I expect a hike.

The price seems to be stabilizing around the $7k-$7300 so I'm not expecting any further decline up to the end of the year. So no $6k in the horizon unless the bears make a move before the end of the year which I doubt they will do because during this time the market is slowing down. And I'm looking forward to 2020, I'm positive that it will be a good year and possible to see another five digit early.

Yeah. None of this actually means very much. We've seen for a while now the 9-10k range have negligible depth in orderbooks, so anything between that range seems to happen at a snap of finger. But it's not much different from 8-9k either.

The volumes at 7-8k are where it's really been for most of the year, but that's again a timeframe within a timeframe. Zoom out a year and we're not noticing anything significant either.

Like you said, fast money's blind to the asset. Could be tulips, gold, lead or stocks, if it's heating up, there's where the money's going. It'll happen again to Bitcoin when they hype mill starts up once more.

If you only believe in fundamentals though, then Bitcoin's long-term picture never changed and patience is what you'll need to stay in this market.

I expect a small dump coming from the manipulators who will try to squeeze longs. No big deal though. Every move like that will end with a recovery after a week or so, maybe even faster than that.
6k really looks like the bottom, but a dip below 7k is very much a possibility. The good news is the further we go into 2020 the more positive people will be about the incoming halving. I expect a strong pressure to at least test 9k in the coming months.

Price as of the moment is 7380$ and your prediction of BTC having a decline last 2 days ago seems to be invalidated with the current price movement we are having when it went back up at 7,300$. This might be the most bullish BTC can get for the month of December and we can actually breath that Bitcoin will at least not go down below 7,000$ before this year ends. I'll still wait for future movements and see what the month of January can bring to the price of Bitcoin.

Not necessarily because if you look at the highs the price got rejected by the same level of 7400 USD 3 times in the last 5 days. I fail to see the long term significance of this level but short term it's a resistance. If be break this it's going to be 7600 but if we don't 3 rejections in a row is enough to test the lows again and after the first rejection the low was 7200 but after the second rejection it went down lower to 7070. If we follow the pattern we'll hit 7000 again in a few day and either make a double bottom there or break to 6900.

We might have rejected to go up in the 7,400$ level for three times already but we must validate the fact that before those rejections Bitcoin went up and almost touch the 7,700$ level so really I don't feel the 7,400$ level as a resistance level simply because as of right now we are again just on a consolidation stage and you can see it clearly with the volume not being to high nor to low, there is simply a lack of action both in the buying and selling side. This is something really common when the market is trying to get a feel on where Bitcoin is headed.

You're right it's not a strong level and we saw it being broken just a few hours ago but some people were waiting to unload right when we break and dumped some coins. Maybe it's the ponzi operators cashing out again?

To me the price looks healthy and despite some people trying to get out there's still plenty of buyers. It's setting up like we're moving to retest 10 thousand in the next 6 months.

10k in next 6 months is probably quite reasonable.


I think 2021 is when the movement is too great to ignore, 2020 might be when some bears are under water and incorrect in continuing to be negative on the price.   Being underwater doesnt mean they are giving up that bearish position.


https://i.imgur.com/QbYe23l.png

Price right now is reacting to 50 day average and just this evening its pulled back a bit from that price and formed something of a top there, a pin.   I imagine we continue to stay below 7500 for now.

Expect small bulls but as we can see, it is hard to break the resistance level at $8000. However, with this upcoming days we can't really say if it will continue to improve to go up to the $8k level or will redump again below $7,000.

Anyway, at least there are small pumps happening and the coins are slightly increasing. We just have to hold before the major pump.

Yes, there is still a resistance in going thru that amount.
$8k seems to be difficult to achieve even until now when halving is coming near.

People might still be spending by now.
We should wait until January before we could see large amount of pumps.
Right now all we could see is the movement from around 6.5 -7.5.

Considering there are a lot of resistance at around 9 thousand levels (couldn't figure out the exact price) we still have a long way to go to break those levels. I would love it if bitcoin could go up right away like it used to do but nowadays there are too much money involved and going up means a lot of money spent on increasing the price and not easy as it used to be.

Yeah, it is still not impossible, sure it is very doable in an unregulated market like bitcoin but at the end of the day as long as the amount of money sold around those levels increases, the amount of money required for those levels increases as well. After we break those levels tho, it is easier to go higher up, I know after spending all that money on making it that high may cause us to slow down but if we could break it and then continue it would be easier.

prices tradable between 7000 usd and 7500 usd ; the market like stable ; the current prices or level can be the bottom ; every time people sell their bitcoin there is always other people who buy ; prices will rise above 8000 usd easy