Bitcoin Forum

Hey guys, bitcoin has breached the $10,000 price mark, what's next for this?

Is is another failure or are we already in the bull run?

https://imgbbb.com/images/2020/07/26/btc-preev.png

SHARE YOUR THOUGHTS HERE!

I checked CMC and it's $9,961.74, but still that is almost $10k already. Obviously, the next barrier will be $10,300 first and then we will see how it goes. I'm not sure what brought this mini-bullrun in the last 24 hours and I do hope that this is not just manipulation but sustainable in the long run. So I'm not sure if this is the start of a bull run post halving.

CMC is not updated, it's already over $10K in these two exchanges.

https://www.binance.com/en/trade/BTC_USDT?ref=H31B921U - 24 hours high 10,111.00 usd

https://www.huobi.com/en-us/exchange/btc_usdt?invite_code=5kij5 - 24 hours high 10150.15 usd


It looks like there's a FOMO, but if we are in the bull run already, I think I will not conclude yet, I will observe the market first, if bitcoin will reach at least $11k, then I guess I'll be convinced that the bull run is here.

10,000 doesn't really mean much. It has crossed it countless times during this big nothing phase. 10.5 ish is the big one and has been for a long, long time. That could happen tomorrow or it may take the rest of the year.

Saw it on CMC in $9,971 but it didn't go through $10,000.

Semi-bull run I guess. We're from $9k and to say that we're on the bull run, it should be more than that just like last year when bitcoin has moved above $13k.

I want to see it stay there and be the support level.  :P

It's another test, if we break the resistance, then we might see some big FOMO coming in.
I think I've witnessed 2 times already that bitcoin fail to continue rising when it reached $10,000, instead, it dump when it failed to break the resistance.

so this could be the time, hopefully.

it is hard to say because $10k wasn't reached in an excited way where price jumps hundreds of dollars in matter of half an hour for instance which is either failing right away or continues with the FOMO so you can tell right away.
this was a slow rise that took a couple of days (of rising) to reach. so it won't just fail like that but also the momentum is a slow one so we have to still wait and see where it goes from there after some time. it still looks promising though.

it's just heading to in moment it's less

The price jumped 4.4% today and it is a big jump in some time, there is a lot of selling pressure over $10k and the exchange i am trading touched $10100 and we had a lot of sell off and if we are able to see some have a good support and a good buy wall then we will be able to overcome the resistance we have for months and once we cross the resistance then we will see a rally, it all depends upon what happens in the next few hours.

As of today, the price is at $9,931.57 USD on Coinmarketcap, it might breach the $10,000 USD and suddenly came back down to this price mark, Well I don't really feel that it may go beyond this but I think it is setting up momentum in getting really higher.

I guess there are whales that are playing with the price well this is just my opinion because I can't think of anything else at the moment on what may be the reason the price increase this sudden.

There was a wave preparing to come from two days when bitcoin price started to jump to $9.5k - $9.6k then to the 5 digits finally!
And of course the rest of altcoins joined the wave too except maybe ETH which jumped higher than the others in %.
The essential part is to keep that level!

On other exchanges it has hit $10,000 already. I'm also checking the price on CMC but it hasn't shown $10,000. It has been near to $10,000 but didn't break and for a few minutes it went a little lower back to $9925 and back again to $9975. I don't think that this is another failure, we must consider every single rise for bitcoin as an accomplishment and very healthy to the market as it went down in the past. I'll wait for the news again on the mainstream as they're always on the go when bitcoin is like this.

Yep. There's no denying this move looks bullish, but we're still squarely inside the range. Not to mention, it's the weekend and CME futures are going to gap up from the $9,600s tomorrow. It would be typical to see that gap filled before the real breakout happens.

Once bulls break and hold above $10.5K, we can start celebrating.

I never thought the price would really came for this far since it really shows a strong stability for the past couple of days or shall me say a month already but this is a huge break out and might we can see more from it. Although the current price for now is at 9,955.95 as of this moment provably another pump will came since might the other people are been hype for the current market status.

The price of bitcoin is correlated with the market price of TH/s, which need to do mining bitcoin.
But mining-difficulty is too high now, as the network-hashrate.
But, just remember, that 17M BTC was been mined on low difficulty, from 2009 up to 2017 years.
All this bitcoins (volume is more than 80%), really, did not cost even $1k,
and the equilibirium price for BTC all this time was been lower than $1k.

I can't remember what is our highest high during the pandemic and pre-halving, it is $10,300 or $10,800? Anyways, if we go to $10k, this is obviously another FOMO, it just surprising that the start of this comes from Altcoin market, specially Ethereum who just broken $300 and still continue to grow because of the ETH 2.0 and the Defi hype.

Currently the price is just ~$10k, so I'm not sure if this is going to be sustained as FOMO will go down after breaking the five digits again. I'm sure those short positions get REKT though crashing the bearish sentiments we have seen for weeks now.

A breakout run that we all have been waiting for. Again, we heard so many investors complaining about the stability and how boring it was so it's really good to see the price breaching $10K.

But don't celebrate, this is just the beginning, we don't know how long this pump can go as there could be traders who will simply sell once the price got to 5 digits. Wait till we go to a certain levels like $10,500 before calling this one a bull run.

That's very crucial, we have to monitor the price closely in order to make the right decision.

However, not everyone here are trading in short term, or know how the read the graph, most of us here are just hoping bitcoin will start its bull run so we will see the price of our expectation which is a new ATH. Some people think that since the bull run happened, it should also result to a good altcoins market, and literally that's the same like the last bull run.

What's happening now might caught the attention of potential investors, once we break the resistance, we might see more money coming into the market, big money from big investors as they are looking for a healthy investment since stocks are down.

Sooner or latter one of those "Bitcoin will never go back under $1000 again" come true. Every day that pass higher are chances for that. Maybe chances are already very very very high.  

After passing halving a few months ago and at the end bitcoin reached the bullrun this month by touching 10,000 I'm sure this will continue as the pumping occurs, the market is so stable and growth is so fast.
This is the best breakthrough where pumping occurs with altcoin too. Does this ignore the pandemic during this bad economy? like bitcoin is so accepted in today's society.
a lot of profit that has happened with the pumping that happened from yesterday.

Just as I predicted yesterday's prediction thread. Never though $10,000 was breached this early.



But as always expected, short pull backs happened.
Btc is trading at $9,960 by the time I'm typing this.
If by any chances Bitcoin touches the $10,000 again twice or thrice, a gradual upward trend will most likely to happen. But, If it doesn't, It would hover around the $9,000 range again. Btc hasn't been showing any bearish indications. So, I still believe Bitcoin reaching new heights will come in a slow pace.

Short-tern it's a major psychological level, and for a long time Bitcoin failed to maintain it,  so now is a very important time. If we fail to reach and defend it, the price will likely go back to low $9,000 or even lower. But if we succeed, the price might go straight to $12-13k, which was the level of last year's bullish period.

Right now I'm optimistic that we'll have a bullish scenario at least for short term, because the support has been building up for a very long time. Maybe if not for the coronavirus, we'd already be in a more bullish market.

@freedomgo according to the Cointelegraph article this rally has liquidated around $74 million worth of long contracts, and many traders immediately booked profits too due to which the prices came down immediately. Further it seems that the new resistance level for bitcoin prices is around $10k to $10.2k, and unless Bitcoin breaches these levels we shouldn’t get over excited too as these kind of rallies may not last long.


Source:

https://cointelegraph.com/news/why-bitcoin-suddenly-spiked-to-10-200-liquidating-75m-in-fast-rally

I'd check the CMC quite sometimes but the price keeps moving up and down, and the sad thing is that it drops again below $10k. I keep believing that we gonna surpass $10k but not this time. I have to wait for a while to see if the momentum will continue to move high.

https://www.forbes.com/sites/billybambrough/2020/07/26/as-bitcoin-flounders-the-price-of-these-smaller-cryptocurrencies-has-suddenly-soared/

And the good thing is that aside from Bitcoin surge some altcoins do the rally the same. And I hope this could lead to something surprising good ends for the incoming.

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The price will really matter a lot for investors and for holders. But the current situation will seemingly hold the market to soar high as we would like to see.
That is why, though we some pumps today but it never gives assurance for more pumps to follow. The market price still showing a roller coaster alike movement.

It has been happened although the price back to decrease again. When I see on 1D time frime we can draw the pattern like BAT bearish pattern which I think sooner its price will go back to below $9500 in my prediction. Unless on this week's candle can exceed $10.400-$10.500 so as we can expect a higher price again. We can see a few hours ahead and hoping there is a good news come. Because I haven't seen a good news come that we can give a bull market come.

$10k? No big deal. Been there off and on all year... February, May, now July.

The real action will begin when we pass $16k, probably not until autumn (northern hemisphere).

I'm surprised how many in this thread refer to CMC. Most seasoned Bitcoiners use a comprehensive multi-market index like Bitcoinaverage (the reference for most ATMs) or if they use a single online exchange, Bitstamp.

Isn't CMC used mostly to track alt- scam- and other sh*tcoins?

It seems that bitcoin will reach $12k very soon. Now, crypto market is green and bitcoin is leading the market. It is pumping continuously and many more are waiting to arrive. Let's see what happens in next.

It has been couple of Hours passed and now the price of Bitcoin drops again below that 10k value.

I have seen this couple of times this year and i know you also had right?
Maybe this is another fake Bull and some whales are bagging money again.
I will only believe the Bull finally comes?
when the value of Bitcoin stays 10k level for weeks and continues to break the $10,500 level.
But lets see since this is sunday,we have seen this changes every weekends and ups again in weekdays.

A good move from bitcoin, leading it's way to continue rising, it's not guarantee but it's still great to see that there's now a movement that will able to start the spark.


It would be nice if this pumped will continue and reached another new ATH for this year.

I felt happy after it reached 10k and hopefully this momentum might continue as altcoins too are showing some positive signs of pumps, just for a small pump many in of them come up with sarcastic statement like bull run is all set to happen in couple of days, please stay away from such people's to avoid loss.

Bitcoin likes to do the unexpected but things are really looking like we could be forming a double top at 10k right now, which would suggest a pullback.
I'm not buying norselling at this point. Pretty much a do nothing zone for me, but if I were a trader who bought at 8.9k, I'd be looking to take some profit.

I loved seeing Bitcoin again at 10k. Which I saw again many days later. Although now Bitcoin is slightly below 10k again. I am very optimistic about Bitcoin that Bitcoin can do better in the days ahead.


Can go to this level but before that the biggest resistance is $10500. Bitcoin will need to break this resistance, to move further to the target. Bitcoin has failed to break this level many times. If it can break this time, then something big can happen. Let's see what awaits for us.

Anyone waiting until this moment to jump in will probably miss it. I expect it'll be one of those levels that gets eaten in seconds. I seem to recall the $3000 level feeling like it would take forever to fall. I woke up one morning to find it was permanent toast.

Not so fast, there are a lot resistance that we need to go through before we can get to $12k. Right after reaching $10k, it is slowly going down. But it is good to see that we suddenly reach it again after months of no movement, but I wouldn't jump into conclusion that this is the start of a bull run after the block halvening. And for those who just woke up on the other parts of the globe, this is really a thing to behold, but don't get enthusiastic, we will have if this is going to be just short term runs.

What happen in this week that we are entering will determine either bitcoin has resume it failed upward trend in March to may this year. We have always see heavy sell off whenever bitcoin makes an attempt to break $10,000 and the volume am seeing look very weak.

I'm being increasingly challenged in my pessimistic ways but I could still say todays peak is a lower high and we remain in the range of movement same as has occurred for months now.    So yea its up and yet its done nothing different at all so its a bit iffy to be bullish still, a good strong trend and I promise to be entirely irritating by repeating it is on the rails to higher prices.    This aint happened yet, dont care about round numbers, that we got five digits whatever, its all old news sadly.   But still the promise of more is there

https://talkimg.com/images/2023/06/12/Aoe33.png

It is already a bit under $10k, but that doesn't matter, what matters is we were wondering after such a long period of time what would bitcoin to at first, we wanted to see what was the first direction would it be up or down and we have seen it, it went up. So, we are talking about actually potential to have a bull run, not right away or not a 100% in 2 days type of thing, but gradually and slowly we could see bitcoin going up.

I have a much better feeling about rest of 2020 thanks to this increase, maybe this itself didn't bring in too much of a profit but what this increase means could bring a lot of increase. That is why I feel like there is just a change in the air that will blow this bigger, don't know how long it will take but I think it will be in 2020 for sure.

If the value of Bitcoin remains over $10,000 for more than 2 weeks then we will see further increase as it might attract more investors but at the same time we can expect a dump anytime like we have witnessed in the past. It's too early to comment on this but I am sure it would not be a smart move to get invest now due to FOMO.

Despite a small pullback, it seems to me this time bitcoin will gain a foothold above 10k for a while. Gold is showing all-time highs and this affects the minds of crypto investors. However, the prospects for bitcoin to reach its ATH only on these reasons are very doubtful for me.

If BTC can cross the $10,800 hurdle, then we can confirm that another bull run is ahead of us. The surge in price that happen recently is a good sign that the bulls are ready to take charge.

The surge was surprising and the resistance was really high as there was a huge sell off once the price touched $10k and it went down $200 and now the price is again recovering trying to test the resistance once again and i have no idea what to take from a situation like this as the market can go in either direction considering what the whales are planning to do, if we see a sell off once again we might see a correction.

It didn't last long as I expected. I saw it went up to $10,000 but after a few minutes or hours I think, it went down to $10,000.

This is just a sign though that it can reach the $10,000 price anytime. Well, I just hope that this small rise of Bitcoin's price will continue all the way but still there is a chance that the opposite may happen :D.

It's already more than $10,000 base on CMC again as we gain 3++% in just a couple of hours.

But yes this is a good indication that five digits is no longer a barrier, it might take sometime to get to that price, but eventually we are going to reach it anyways.

Let's see where this bull run will go, $10,300? $10,500, $10,800 or even more?  ;D.

I do hope that everyone has getting their bags filled when the price is just ~$9000 in the last couple of months so that you can enjoy seeing your portfolio suddenly growing.

I think CMC is averaging the exchange rate on those exchanges that's why we see the price just hovering $10k. But I do agree that this could be another FOMO, and I just look at the price at CMC again and it's over $10k again. It's Monday on the Asian market so I will speculate that they are the one fuelling this sort of mini-bullrun.

$10,315 is the current high, well, if this continue to rise, the FOMO will certainly come.
We need to get out of the $10K price as at this price, there has some psychological barrier, and I know people are still not so confident in buying as there are still doubts just like what happen in the last. I can't remember the exact price either, but I know we are at the same range as now.

https://www.binance.com/en/trade/BTC_USDT

Price is around 10250$ now on the Binance as well and seems that it can try for the next huddle unless if see a large profit booking starts to happen at this levels then we may see that bitcoin price can fall back to below 10k$ and will be the same old story. But the new week has started quite well with this level.

to be honest I still expect a higher price. maybe when the price of bitcoin reaches the price of $ 11000, then the price of bitcoin can last long in that range. however, I don't want to celebrate this sooner, because we know that bitcoin has reached the price of $ 10k several times this year, but it didn't last very long.

Seems like the most obvious technical line but remember we even managed to clear 11800 on a previous one and that still resulted in a big drop, so I would be opting instead to see a longer stay at above 10,000 and below 11,000 for a few more weeks and then repeat that at 12k 13k then 15k. I would change my mind if we surge past 15k after months of consolidation from here onwards.

a half period had occurred last May, before entering August 2020, the price of the BTC, had exceeded the level of $ 10,000.
can say this is a sign that the trend towards Bitcoin is on the verge of a bullish area, if you look at some of the predictions and forecasts previously made by bitcoin experts.

I am sure, then crypto has great potential in driving prices higher in the future.
Many factors today can cause the price of bitcoin to rise, one of which is: the transition of some stock assets to bitcoin shares from several investors & traders.

People are really expecting for bitcoin to reach $10,000 by next month or the end of the year of 2020, but suprisingly bitcoin already reach its mark that we didn't expect bitcoin will go more than $10,000 this month of July. Also, if bitcoin would continue to increase its price maybe it will reach $20,000 again.

what comes next Is the following:

If the price manages to break the $ 10500 then people started selling their altcoins to buy bitcoin and this will cause the bitcoin price to rise very temporarily and the altcoins to fall a lot, and if the bitcoin price breaks the $13000 then the same scenario that I described will happen but this time it will be worse in the long run for altcoins.


has not yet broken $10500 and after that there is $ 13000 which is another major obstacle

The price had reached $10300+ at present it has broken the strong resistance $10500+ that had been holding the price for a long time bearing in mind that a price retracement or pullback is expected to touch the resistance turned support at $10000 or bellow  if the price action played out according to this technical analysis then its obvious that the price will reach the next resistance at $12000 an indication that the market had been over by the bull ie bullish sentiment of the market.

10.5 either happens very soon and we're off to the races or it falls back down again and we get months more of not very much. The longer it takes the more decisive the eventual move will be and the more bored we'll get in the meantime.

If it doesn't occur in the next 48 or so hours I'm going to start on the 2 billion piece jigsaw that arrived on a few trucks today.

I feel like this $10k symbolizes more than just its own price, I feel like $10k is not $10k when you look at it. Right now, we are talking about a pump and an increase after months of not moving at all.

This means that during all of that time maybe people were accumulating, they want the price to go up because for the past 2 months that means people could have bought tens of millions of dollars worth of bitcoin and that could result with them making tens of millions of profit as well if the price goes up a lot. That is why this increase means that maybe people are optimistic about the price of bitcoin and they think that this should be the direction where it goes.

Obviously they could have think bitcoin doesn't go up so it should go down as well but that didn't happen thankfully.

Its already remark hit $10,300 up so be cool and thinking what next goes!. Long run later again $10k up it really good move, basically many holders are now peace loving who purchased bitcoin earlier this year. I collected some bitcoin with the price was cheap even this time i made some of profits. I also had a capital crisis because of the covid-19, but i was able to cut it with rise in the bitcoin price.

Bitcoin has been long overdue for a pump. Since the halving event back in May, It has continually tested support before breaking out yesterday. At this rate, We'll see $12K either later today or tomorrow. It's almost safe to say that we're at the start of yet another bull run. With ETH 2.0 incoming and Bitcoin's halving already completed, the only way is up from here on out.


I hope no one is holding altcoins at this point in time because it's been a bloodbath since yesterday.

Although I am not a fan of altcoins but whether I didn't understand you very well or you are partially wrong.
Most altcoins price jumped in the previous days and even when bitcoin was rising slowly, their prices increased from 5-10%. Now if someone has a decent amount of the said altcoins, selling it to a stable USD coin then wait a price drop then converting it to BTC or ETH or even cash out in FIAT for example will make them in a pure profit situation!

Although bitcoin has increased but for altcoin there is still a lot of red that means that the bullrun has not completely happened so what is said @nelson4lov if this pump becomes a dump there could be bloodshed against altcoin because it cannot guarantee this increase like it is back again.
To be sure with the increase in bitcoin now that has reached $10.770 can be further increased and altcoin will follow suit.

Looks like you are new to the cryptocurrency market, there is nothing surprising to see that the alt coin market is going down as the market always goes down when the bitcoin market rallies and it is not that surprising as the investors will sell of their alts to get into the bitcoin market if there is a rally and hopefully if it is the rally we are waiting for the alts is going down because of that.

If you notice the market every well you see that some altcoins actually follow the momentum which bitcoin market posed which i believe it a sign that sooner or later some altcoin will lose there spot in the top 100 because they are not gaining investors support. Speaking of bull run it hasn't started but when it does some altcoin on the 100 will join the crowd.
@OP, what will happen next is dump in price but no one knows when it will really happen.

I do agree, not new in the market and I have seen this kind of movements/shifts and it's obvious that investors are moving to btc from alts, specially when they see that there is already a big movement coming. Ethereum is doing good, but it seems it has face a big stumbling block right now, face a resistance wall, investors then move to btc to push to $10,800 now with almost 10% increase in the last 24 hours.

Ah well. Looks like that jigsaw is getting sent to landfill. That's if there's anywhere big enough.

Who knows whether this is the start of something big, but it may well be the end of our big nothing and it's been long enough for me.

And this is it, we are already at $11k, it looks like the bull run is really here as the FOMO is slowly forming from small to big FOMO.
We didn't expect this, what we expect is that a bull run during the halving or the post halving bull run which could happen next year, but here we are, it came early than expected and this tells how unpredictable really the market is.. Hey OP, it's 2 days and we are at $11,000 now, maybe 1 week from your post, we will be seeing a $15k price.  ;D... pardon me, this is how people think when they get into FOMO.

I don't think we are going anywhere other than then same 10k range we have been in for a while. But this particular minor rise will make other players get into the game and setup the groundwork for the 20k range given that the halving is affecting the market as well. But given the traders involved, we will not go anywhere other than hang around this 10-12k. Any growth will be over the next 4 years leading into the next halving.

No going to the moon anytime soon as far as I can tell.

What same 10k range? It's been 10.5 that's been pulling our willies for a long, long time. That's been shat all over. That's the level that needed taking out. There was no 10-12k range.

We finally passed the $10k mark again. The struggle is real. That was fast and it makes me worry it might collapse fast as well. It could happen at some point since traders has a selling point. I thought we're gonna stay evem longer at 4-digit. Atleast our hope for a new ATH isn't gone yet or has been boosted up again.

It seems that the price resists in that area, look at the wick of the candle and the price of the bitcoin is back at $9900 but we are still in the resistance levels where we can expect that the price will successfully break the $10,000. That resistance is a major resistance so expect that there will be a momentum when it comes to price in the following days if the price of the bitcoin will breakout and not fake out.

What we are waiting for finally happens in front of us. Bitcoin price finally increases so high and breaks the $11k barrier, although a few hours ago, the price back to $10k level, but now, the price back to $11k even more. I am happy to see that, and I think this is bullish that we wait and we want. But I wonder how higher bitcoin prices can go up because we don't know about that.

We've now crossed the $11000 and the market fluctuation stays within the margin of $11250. The marketcap had reached $325Bn and there is no big growth with altcoins same as bitcoin. Maybe the halving effect is happening earlier, that's the reason there is no big growth happening with top altcoins having good marketcap in the market. By the time mostly the small volume holders will fall for FOMO. This might cause a drop in the market over the falling weeks.

I just realized that this is the first time bitcoin has exceeded the price of $ 11k in 2020. However, I think this is a good increase. I'm waiting for a higher price, it's just that seeing bitcoin prices stabilize above the $ 10k price in over a month is good enough. Yeah, but I still expect higher prices.

It had crossed 11k and was above that levels for some time and then started to take a dip again back and now at 10900$. I think it is not supporting above 11k, but will see if it can test again and will it be able to stay above those levels or will fall back again. But it has crossed very quickly from 10 to 11k .

Possibly someone is cashing out for profit reason for the resistance well it is logical for majority of traders to sell when in profit.  Anyway some technical analysis prove that some traders are selling for profit since TA seen action for the last 15 minutes is all sell and the recent market action can be seen in this site : https://www.tradingview.com/symbols/BTCUSD/technicals/.  It seems we will see frequent swings of prices of BTC from $10k+ - $11k+ for today.

Okay, so let's calm down a bit, bitcoin has reached $11k quickly and now the pump has stopped and trading at over $10K.. I think this is a good move and hopefully bitcoin will stabilize at that price for a while like it did when it was still trading at $9k+.

It would be a great improvement for bitcoin to just stay at $10k, but of course, I understand the FOMO, my concern is just, if there's big FOMO, price will rise significantly in just a very short period of time, but far will we fall once correction starts?

Don't rush so fast, this is still far away from bull run so don't make premature conclusions. Not so long time ago we had similar situation when looked like Bitcoin price is heading fast forward but then pulled back below 10000$.  Although situation in the market looks good now that doesn't mean it will stay so, so let's have a little patience.

it was not normal market situation, in fact it was a very rare global event that caused the crash last time. when the virus started spreading all over the world and the world economy started crashing, bitcoin price rise was also paused and we saw the crash.
that is not something that we can see be repeated that often since as i said it is a rare incident.

right now the price looks good though. the rise was solid and slow instead of weak but fast. and there is a good buy support shaping up and if this momentum is kept for a couple of days more we can say goodbye to 4 digits forever.

Yep, I saw the altcoin move sharing the same pump after the BTC started this. In fact, I was sure that altcoin would increase in percentage, is this really a bullrun, is it really happening now?
The price has risen so fast in the last few years it is also possible that the altcoin season will not be pumping for a long time.

It looks like bitcoin will continue to redeem $ 12 within a few hours and this is due to the fact that many people believe in crypto after experiencing a major crash during the pandemic.

Yeah, it is the first time for bitcoin exceeded $11k in this year, and I am sure that with the rest of the month this year, we will have more chance to see another high price. We can wait for the coming of the high price in the next month, but before it's happening, we need to see the fluctuate of the price first. And if we can see a low price, we can buy more bitcoin.

Not that last time, the last time we went over 10k was the time in may when the price went from 4k to 10k eventually after the pandemic drop, so we did reached to 10k and then dropped to 9k and stayed there for around 50 days. It was between 9k and 9.5k for 50 days and right now we are looking at it over 10k once again. Sure the pandemic drop made sense but the last one in may that saw us at the same price for 50 days didn't make sense at all, at least to me.

Fortunately we are all above that now and doing great. It is bitcoin obviously and could drop without any reason at all and I hope that doesn't happen but at the same time I am thinking that there is a chance that bitcoin could not only go up, but go up insanely high right now, everything points out to something like that.

It is supporting the $11k and in fact, just made it back to $11,200.

We're thinking that it will be the last time that it will be on $11,000 and suddenly will go back to $10,000 and $9,000. But this time, it's going strong and if it supports $10,500 - $11,000 for how many weeks, it will give me a sigh.

Apparently we experience some little dumps but the support is strong so I assume that we will experience a little more pumps in next following days. but we can't really be sure if this will really continue in next following months since there is a downside of everything and we need to be ready for that.

I'm casting my loads now and will secure my profit anytime soon once I see some bad angles.

Short term trading is a good opportunity right now. If someone has the funds, he can easily gain profit as the change for the past 24 hours is already big. But need to be careful though. It can go back easily so you need to be ready and don't be so greedy with profits. Now, that we are again getting green in the market, other alts are also enjoying this ride. We can also look at possible profitable alts like eth.

I wouldn't consider those dumps as literal dumps, we've been up rapidly and those dumps are simple pull backs that are normally happening when bitcoin rises.

It's undetermined if this will continue for the next months but if it will stabilize on this level, we should be happy then.

In these situations, we have a chance to make a profit because the price moves up and down and up again. And if we can catch that chance, I think we can get the time to buy bitcoin at a low price, and if we can have patient for a while, we will have the chance to sell at a high price. We can try much time to trade bitcoin this time because, with the price volatility, it will help us get the benefits.

Bitcoin has been at over $ 9,000 for a long time, and if in reality the price of Bitcoin will hold over $ 10,500, it is likely that it may rise even higher by the end of the year. And you are absolutely right, even this mark will be very beneficial for us if such a price stabilizes for a sufficiently long period.
In addition, according to analysts, the consequences of the halving should appear in a year, so a rise in prices should be expected.

I was right  8)
But at the moment I am in confusion. I made some profit and it seems like it is worth to fix it, but it looks like there will be sharp moves ahead and there will be more interesting opportunities. What do you think about this? I think we will soon see an increase in volatility.

sad I've sold at that time, can not imagine it's 5 time bigger now