Bitcoin Forum

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BTC New analysis

We have a higher high for Bitcoin ( XBTUSD ) on the 4H timeframe, bullish momentum is building up.

If this continues, prices can jump.

Closing above the last peak can push prices to our next target.
The next target is marked on the chart at $10,2000 followed by ~$10,500.

Immediate support is found at $9481 followed by $9253.
The $8800 - $9000 price range can be considered strong support on this timeframe.

What is your opinion guys Don't forget to write down below

$9803-$9832 in most exchanges right now which is the highest price for a quite long period. Breaking $10k barrier will likely happen in few hours but the most important thing is sustainability! Price has to stay above $10k and not crash once traders decide it is time to celebrate and sell!! Halving is close and things seems promising  ;)

The price already touched $9,910 by the time you posted this. $10K from here isn't exactly a risky bet. :P

The big question now: will the market cut through $10K like a hot knife through butter, like $6K in 2019? Or will it actually provide real technical and psychological resistance?

The cycle still bring caution on what to do with the pump. I wish things change as the space got new adoption and pandemic/global economic down trend shake all market. Most predictions are with caution but everyone is confident that halving precedes the move to bull market.

Lol, I'm looking at that graph, and not being a TA guy, it looks like a bunch of graphical gibberish to me.

But the question is whether bitcoin is going to hit $10k (or when it's going to).  If you'd asked me this back in the first couple weeks of March I probably would have said it wouldn't be possible this year--and I think I posted exactly that opinion in at least one thread.  When bitcoin started to fall toward $5k as the news started to come out that we were all going to have to go on lockdown, I figured it would have stayed that low for a long time. 

Once again I'm surprised by bitcoin's behavior--and yeah, I do think $10k is possible in the next couple of months.  It might happen toward the end of 2020, but I'm fairly confident it'll be this year.

The price will definitely touch $ 10k maybe a few more hours but for me traders will not just sell at the price of $ 10k because they will not panic seeing a situation like this, 3 days more halving will happen again so maybe waiting for that moment to see higher prices .

A slight increase means that bitcoin will be stronger and not just fall.

A few more steps and we gonna have another break but we shouldn't be amaze to much because dumps will soon to appear as a normal and common scenario. Have we known the reason behind this pump? I hope this is not hype (but probably it is) and riding the trend is not a good idea.
If we are planning to invest this time, we better take a hold and have to wait for the price to slow down. I'd see no difference in the last week market change, after the pump, it bounces back again and feels the halving shows more surprises and see the market more on the way to increase.

There will NOT be a big dump, too many people getting interested, too much organic growth right now. Biggest dump will be $700

Its over $10k now! Back in 5 digits!!!

I could see a big dump. I think it would be short lived. But I could absolutely see it going back to 8000s and taking like a week before it comes back up. Then again maybe it'll go to $12k and then dump to $10k haha who knows. But I would fully expect a correction after pumping from $7000s back to 5 digits.

$10k is MOMUMENTAL right now in this covid 19 enviorment! awesome!

I am very optimistic also with what's to come for bitcoin the next few days. I don't think it will be dump to 7k again. We already surpassed that level very hard. And after halving, we will know if we can resist to go down again below 10k. But all in all, this is looking good.

We can't really tell at this point if we are going to see a hard dump after reaching $10k. We still have like 3 days, and hitting $10k before the halving will have a psychologically effects to every trader. They might get out and take their profits, just stay in the market and wait till the halving is over before making any decisions. So everything is still up in the open, depends on market sentiments, it they want to continue with this bull run or not.

Exactly, we may have hit $10k on some exchanges, for all we know. It's monumental because just two months ago, there are a lot of people calling bitcoin's doom and it is not a good investment, hedge in this pandemic, blah blah argument. But look at how it bounce back from that crash as we may be hitting 5 digits prior to the halving even. Of course the price will not go on parabola, but it is a good indication that Bitcoin will still be bullish and it is a good investment even if we have this Covid-19 pandemic. So we will see where will it take us from here.

Yes, it will certainly increase, but buying it now is too risky. The price has increased by more than $ 1k in just 1 day and according to the law of nature, a strong growth will be accompanied by a sharp discount. Although bitcoin halving is about to arrive, we still have to be careful, we won't know when the market will betray us. My point now is to wait for bitcoin to correct to $ 9k3 to buy more.

Wonderful analysis. It seems soon bitcoin price is going to hit 10,000$ of it cost. I've notice that the price of bitcoin start increasing from last night. But can't say about stability of it's price
but can be expect something pleasant will be happened

not only by this time but being involved on btc has never been safe but what we have here is a chart that tells that price is heading on to 10k usd  . i can forget my doubts for a while and id better start buying more if i were you guys   . we can earn a quick profit on this one and we can just sell after it hit 10k usd just be safe because the correction that your saying can prolly occur   .  indeed that 10k usd on this kind of economic crisis that we were experiencing right now is pretty impressive compare to other normal price hikes  

Its already hit over 10k hours ago. $9936 right now.

it looks like a lot of day-trader-fingers were on the proverbial big red sell button as soon as price hit $10k, they didn't even let the price go higher before they press it. it is interesting to note that there is a big momentum still in the market even though the panic is also there and is going against it.
i think today can be an interesting day to watch the market and see which one of these opposing forces can win to decide the short term direction that price goes into.

only less than $ 100 before reaching $ 10,000. I think, this week, the price of bitcoin will again surpass $ 10000. besides, I feel that before halving, this is a good start. bitcoin prices could be after halving can reach a price  of $ 12k in the not far from halving. This makes a lot of people excited. I expect the price of altcoin to also pump, but it seems impossible.

That's just day traders playing with their toy (keeping the market active and making it interesting to followed lol). The take profits bots are those keeping the price below that $10k zone. Without much research that price will be the perfect take profit target of most traders. We're just three days from halving and three days is enough time for anything to happen in the industry. It might take bitcoin more 24hrs to cross $10k trading price but in matter of minutes exceed $11k.

The breaking of the resistance level at ~$9,4k yesterday was something won't celebrating and it almost looked like bitcoin will continue with the momentum to cross the $10k trading price although that didn't happen but we just have to keep believing though.

Its hit this area and found resistance imo, I will post the chart for context.    I'm 50/50 on whether its reasonable to risk a short from here and scrape out a quick trade on profit taking from this level.  Its uncertain as we approach halvening.

https://talkimg.com/images/2023/06/12/A7ZLv.png

First target for my view is about 9400 as seen its the weekly moving average and the border line for positive action or phase to price by my reckoning and observations over years.  ie. we are quite positive pulling back to 9400

the bitcoin price will exceed $10,000 before halving which will happen in 3 days, but week after halving we will start to see a big dump, and this is something expected


I spent some time without controlling the price because I thought it would be stagnant at $6000, I didn't imagine that I would see a big pump before halving, the price has already touched $10,000 and probably in the next few weeks we will see the dump


well, we'll see that in the next 4 weeks

Of course this is possible, but anything can happen before halving there are always surprises that occur in the market.
hopefully it will have an impact on altcoin.

or maybe usd 15,000 per btc.

Yeah it already does but sustainability ?seems too far from it because the price volatility is taking the market for long now and we cannot even stay longer in 5 digits value.

I know that Bitcoin is going to be around more than that price but the situation now?it is being harder to attain as there is a bad economic problem going on but hopefully this will end soon and market will start greening again.

anyway there is nothing we can do now but wait and look if how much we can run this halving.

$15,000 will be too high for now. Maybe bitcoin will be at $10k-$12,500 first and stable at that price until the end of this month. After that, bitcoin price will start another rally to the higher price, and who knows, in the next month, bitcoin price can increase to $20k, and stable again for the next bull run. But of course, after the rally of bitcoin price, it will make the correction for the price so that will be our good time to buy bitcoin before the price starts to increase and hit the highest price.

I'm not going to buy any speculation for now since I think we will struggle to go at that point but still have a possibilities that figure will show up but I don't know on when, but lets wait for further miracle and lets hold the fact that we reach to $20k level and might we will see that to if the waters go stable and all is on positive.

if any dump comes, big or small, it will be these days and most probably will be like previous times meaning it would happen before the halving itself to have a calm market after it for a week or two. which means in next 4 weeks which would be all the time after the halving we will start seeing the accumulation after that dump and the follow up rise.
in any case i don't see a big dump happening either because price has not yet recovered completely from the previous one. we are still about $2000 below the pre-dump price.

Well miners would love 16000 and settle for 11000

congratulations! The price of Bitcoin has been to $ 10000 some time ago at Binance,
of course people who have accumulated at the price of $ 4000 have got 100% more profit, congratulations

I still can't believe that bitcoin increased so much so quickly. That is why I think people who are talking about support levels and resistance levels are just kidding themselves and not others, that is literally the whole thing about bitcoin.

There was a pandemic economical crisis all over the world, price was 9k and dropped as low as 3.6k and that is really hurt people as well but it recovered, there was also price at anywhere between 5k to 8k and now it peaked over 10k. That is literally the yearly high as well, we were around here at the best and we are back here. It is really a very great thing that bitcoin could increase this quickly, I don't care about the drops because they recover anyway. I see 15k happening soon this year as well, not maybe right away but I am sure it will happen.

It is true that if we guess the numbers it will be more difficult even though the rally has occurred in a few days but it is not possible to soar high and therefore speculate without analysis will not make it better but only guess what we will say.
But the movement of bitcoin will be good enough if you trust more to hold more, it will be more profitable in the future, and the highest level will be reached this year, sure many are positive now as long as they are not consumed by FUD news.

Although it is very difficult to say. Anything can happen with Bitcoin. From my own thoughts Bitcoin can hit 10K very quickly. This is just my opinion.A few days ago Bitcoin reached 9.5K+ hope this happens very soon bitcoin price is going to good position.

A bigger picture would be the price of Bitcoin in moment of halving! Bitcoin entered in new 4 years period with a 6.25 BTC reward for every block with a higher price than every halving before. Now we can wait for halving to do its thing and in time lower supply will have effects on the price. The majority here knew that we can't expect some miracles right after halving, but in the long term, we are waiting for Bitcoin to make new ATH.

Yes, a new bitcoin halving will happen on May 2020, and after this event, the block reward will be halved again going to good price. We know that (Nakamoto) it is believed that he owns around one million bitcoins, worth approximately $19bn, thus making him one of the richest people in the world. The bitcoin mining process which rewards miners with a chunk of bitcoin upon successful verification of a block adapts over time.

there is still hope for Bitcoin to return above $ 10,000, especially after this Halving some people predict that the Bullish has already taken place,
and we will see bullish until 2022  ;)

Absolutely right mate. We're not losing hope, $10k isn't really at far. But we can't expect the market to turn into bullish by then this year and until the crisis will never slow down.

What I saw with the market today, the potentiality remains but that resistance isn't building strong but it slightly weakens amid with the pandemic. But I was thinking that this will be over next year and that possible we saw a huge pump again.

Not far from reality as there's still presence of people who are engaged supporting this industry, we can expect that after this halving there are investment that will comes up and begin to bring the value much higher. There's no exact time for the market to surpassed 5 digits again but looking forward to see that the sentiments will be change to bull after this halving.

for some reason today, on the 14th of May, the price has increased by 6% and is now at $9700 and has reached the $9939 level. now comes the great difficulty: exceeding $10,000 and staying above $ 10,000 for months. In the last few times whenever the price tried to exceed $10,000  it would fall a lot, will it be different this time?


I hope that by the time I have money to buy and then the price can go up to $15000  ;D


people who bought in March must be very happy today

I’m glad I bought on the last dump and now we are heading above $10k and I’m sure we can make it this time. Its possible to happen and time can make it, the halving brings a good positive impact we are slowly felling it.

Let’s all be careful for the hype and we all know that bitcoin is possible for anything, it can dump and pump so stay on the plan if you’re a trader. We will have a good bullish in time, let’s go and support bitcoin.

Now the price of bitcoin, according to the CoinMarketCap table, is $ 9,575. Up to ten thousand dollars are very few. Therefore, such a price of bitcoin in the near future is quite possible. However, it is unlikely that the price of bitcoin will grow in the near future due to the onset of a decrease in the reward to miners by half. Just in connection with this event, its price should fall in the first few months until the cryptocurrency market again tunes. But other factors influence the price at the same time. They can also now influence the price of bitcoin.

$10k doesn't sound like something we should be having it with difficulty. I mean we are already at $9.5k or so and that means $10k shouldn't really be that difficult at all. What people are missing out that $10k is not really that important. We can break to those levels easily, its the $15k that I have been waiting for a long long time. If we can reach above $15k and only move between $10k to $20k like we move between $4k to $10k right now, that would be the perfect place.

I mean it doesn't even have to be $10k to $20k, it should be more like $13k to $17k prices, go down to $13k and go up to $17k and basically be moving around those levels. Unless we go to those levels, we are not going to see anything special going on, we are only going to move to like $11-12k at most and drop to $6k once again eventually, we keep doing that constantly and I am bored of it.

The halving is slowing down the production of new Bitcoin into the circulation, therefore It's "not" unlikely that the price will eventually fall after many halvings, because of the rising demand and a lesser supply.
When Bitcoin's price is more than what we usually thinks a normal range of today in the future, miners' reward doesn't matter at all even if it was cut into halves every four years.

The price is very likely to reach $ 10K and it may have a stabilization in that price range, just without seeing much of the AT lines, looking at the volume is noticeable and starting to grow, this makes halving have its effect Still latent regardless of the pandemic, that is, bitcoin has a life of its own despite ...

It is very positive, perhaps the demand is increasing right now and they are starting to eliminate the supply for prices below $ 10k.

We are at around 9660$ as I'm posting this and the halving has ended already.

The biggest support that we have right now is at around $8000 and that is where the 200 daily MA is. The resistance right now is at around 10300$ which is around the long long trendline way back 2017. Bitcoin to $10,000 right now is possible since we are near to it but to go higher than that price has a low chance for me. I expect for the price of Bitcoin to move sideways first like its movement within the past 2 halvings. After that we will see either a drop followed by a huge spike immediately or a huge spike and immediately followed by a huge candle down.

the demand for bitcoin has been increasing for a much longer time than this. we just had multiple dips due to multiple cases of bad news (such as Covid19) and a lot of manipulation that only postponed the rise. another thing that i think people are forgetting these days is that price was closer to $12k-$13k before the drama with this pandemic began which means we still haven't seen the full recovery yet.

Hope that bullish trend continues for the long time and keep on rising slowly and gradually rather than a jump in price and then falling quickly as well. The prices are bouncing slowly and moving towards 9600$ and if it continues by next week, we will see it in 10k zone.

Currently it.looks like is very possible but on the other hand we've seen so many times recently how 10000$ is actually hard to break. That is why I'm not so much of an optimist but if price reaches 10000$ this time it might stay there for a while or even cross it. But so far it seens to me that it's more likely for price to continue to fluctuate.

We are almost there, I thought it will reach $10000 this week,because the momentum is good but I'm still hoping that next month it will be a different story, I expect the market to be quite boring but on the third quarter that will be the month that we expect something great to happen, but it will be fasttract if there is a news of vaccine for the virus.

We able to hit that 10k level but eventually bounce back which do means that this wont really be a weak resistance and would be retested for how many times for sure but as said once it would be broken then high probability that we would continue to high level but it doesnt mean that after such increase that we wont head back down once again below 5 digit price.This is how volatile the market is.
For now we should think up for long term and dont let yourself rush up into things that are unlikely to happen on a short span.As a trader or investor then it would be better to utilize these waves for you to
make money along the way.

the price of Bitcoin this week is very stable at $ 9000 to $ 9500, this is good, if it lasts until next week I think there is a sign for Pump again to $ 10000, but still be careful because FOMO is still not strong

Not strong for now due to the fact that covid-19 still exist also many people are in hold right now since the crisis still on maybe if certain things  will be done and there's a vaccine found for sure we will see a great price changes to the crypto. For now I'm sti happy to see the price goes stable at. 9.5k price level.

The halving already reflects on the market price. It's good to see how it gradually rise though halving still have its cons and pros considering one's poibt of view. Do exepect that if will not constantly rise. Volatility still applies.

I think that due to the halving and less sell pressure we will see the price slowly rise without any crazy breakthroughs like those people in twitter want like 10k to 24k in 1 day or something like that... Instead we are getting a slow but steady fly up unless some crazy whale dumps the market hard.