It's still going down (Oct 26, 2019)

[wajik-tempe]

For sure, i don't see any downtrend since the day you post the thread.
Bitcoin's price just experienced a correction just like any coins after pump and it was a usual thing. And right now bitcoin support price is already on 9k which means it is ready for next pump.
I think the next resistance price will be 10k and it will stay there for a quite long time after it breaks it

[Hamphser]

Bitcoin price seems manipulated heavily! Within two days the growth and downtrend of bitcoin again proved that how volatile the crypto industry is! But I think if we get any other big news, BTC price will hit 15K USD, and within March, we can see BTC at 20K USD!

Big news that reliable will pumped the market up. Last time, the news about China's interest with blockchain technology hits the market up. Now it's trying to be stable with $9-9.5k, it's seems that it will make more upward trend since halving is incoming interest will bring investors back and help lifting to create more positive run. Stay being optimistic about this industry don't rush to judge your position.

Seven months left before the actual halving and it seems that market is still not into it. This sudden price pump is not that really bullish since it just went back to the $10,000 trend before and now, the price starts to have its correction and soon will drop again. Luckily the price stops at $9,300 which is a bit down compared to the last bull on the other day.

[Fatunad]

For sure, i don't see any downtrend since the day you post the thread.
Bitcoin's price just experienced a correction just like any coins after pump and it was a usual thing. And right now bitcoin support price is already on 9k which means it is ready for next pump.
I think the next resistance price will be 10k and it will stay there for a quite long time after it breaks it

Resistance level would be around $11,000 we already touched the $10k mark and the price can easily pump closing near $10k. As of now the price is stable at $9,100 to $9,600. I can also say that there will be another set of market mini bull run breaking the resistance level anytime soon.

[Pipdips]

Over the past couple of weeks, price has popped up over the resistance levels a couple times, but it is not enough to butter my bread.

Price is still going down.  I think it will dip down to the $5,000 range before we could see any big and consistent price pushes upwards.

[STT]

Calling for 5k now is a big deal in peoples minds.   Not alot of people would countenance such an idea that we go up at a breakneck rate then fall to that level.   I'd personally say its more likely as it reflects volatility, like a car that over-steers and swings across the road, the grip is lost by the imbalance in both directions.

However right now for the weekend having failed to move downwards much, I guess 10k is more likely.   If we hold 200 day average then its some base for positive movement and weekend has that bias .  9340 area to beat

[Pipdips]

Calling for 5k now is a big deal in peoples minds.   Not alot of people would countenance such an idea that we go up at a breakneck rate then fall to that level.   I'd personally say its more likely as it reflects volatility, like a car that over-steers and swings across the road, the grip is lost by the imbalance in both directions.

However right now for the weekend having failed to move downwards much, I guess 10k is more likely.   If we hold 200 day average then its some base for positive movement and weekend has that bias .  9340 area to beat

The mini price pumps in the past several weeks (and months) are not much!!!

[exstasie]

Over the past couple of weeks, price has popped up over the resistance levels a couple times, but it is not enough to butter my bread.

Price is still going down.  I think it will dip down to the $5,000 range before we could see any big and consistent price pushes upwards.

What price action would "butter your bread?" Or is this a case where you're married to the idea of $5K and won't let it go?

Admittedly, I won't close the book on the bear case yet. We need to confirm this bullish spring off $7,300 by moving into another higher trading range. But once we break the 0.618 of the downtrend and especially the August pivot high at $12,300 I would give up on those bear dreams for good!

You don't want to end up like this guy:

[kapalmabur]

Even though price of BTC bumped up yesterday from $7,400 up to 10,400.  Price is still in a downtrend.
 
I am not too optimistic just from one day of big green candles along with some announcement from China.

Heavily manipulated it is, more and more every day. Good bye.

in bitcoin the story of manipulation is a natural thing in my opinion, you know in 2017 china always makes news about bitcoin,
and makes prices go up and down, and 2019 this is china giving news, surprisingly enough indeed, making bitcoin prices go up,
you know if this Price manipulation I suggest you sell and buy bitcoin with analytical techniques, otherwise you might regret it

[Serco]

Even though price of BTC bumped up yesterday from $7,400 up to 10,400.  Price is still in a downtrend.
 
I am not too optimistic just from one day of big green candles along with some announcement from China.

Heavily manipulated it is, more and more every day. Good bye.

in bitcoin the story of manipulation is a natural thing in my opinion, you know in 2017 china always makes news about bitcoin,
and makes prices go up and down, and 2019 this is china giving news, surprisingly enough indeed, making bitcoin prices go up,
you know if this Price manipulation I suggest you sell and buy bitcoin with analytical techniques, otherwise you might regret it

manipulation will always in finance market,its not happen on cryptocurrency only.usually this manipulation happen from news in media or even whales speculation itself.there are special community or usually called as mafia rents,they work structurely and even pay media to release new that they want.this condition happen in 2017 and recent pump,as smart trader we have to learn about it too.

[EdenHazard]

Over the past couple of weeks, price has popped up over the resistance levels a couple times, but it is not enough to butter my bread.

Price is still going down.  I think it will dip down to the $5,000 range before we could see any big and consistent price pushes upwards.

I am one of those people who believe that the last pump from $7k to $10k is due the whales who selling big at the previous $9k and $8k , then found $7k as a buy point which this moment along with the china sentiment about the blockchain support from the government at a close date to each other drive to FOMO.

So no wonder if now we are going down again , as the flash pump is over now. More people still looking for a safe haven IMHO.

I'm bullish guy since day one but there's a moment like this where based on my own personal research .. things didn't go onto right direction, I'm holding and continue buying in case there's a drop wave coming and more than happy to see it skyrocketing again but not now at least till at the early 2020.

[Dart18]

It is not that large of a fall and yet you are already crying about it.
What really happened? Did you lose in trading?
Looks to me like a of users here had already expected a fall after a big pump that happened until 10k.
That is already a signal for a sell without any regrets. Now it had gone steady in 9k to 9.2k which is good. It is like this is the new bottom.

[AliMan]

It is not that large of a fall and yet you are already crying about it.
What really happened? Did you lose in trading?
Looks to me like a of users here had already expected a fall after a big pump that happened until 10k.
That is already a signal for a sell without any regrets. Now it had gone steady in 9k to 9.2k which is good. It is like this is the new bottom.

As move forward expecting large market changes to initiate for the upcoming days, the price fluctuates fairly but not that good. Although that spiked so high previously but it doesn't mean we recovered successfully, because I seen the bearish trend pulled back the rope against btc. So expect that $9k level will play until $10k or higher, or maybe at the last days of 2019.

[beerlover]

Well, it is not going down right now I know that. The price is over $9k and that is what we have worked for all together so that bitcoin wouldn't go even further down. Even when everyone was talking about how "bitcoin will go down even more before it goes up again" as in people were not only helping the bear callers but also telling bull people that price may go down a bit before it goes up to convince them to sell, but in the end it went back up right away without a single drop afterwards. Hence, I don't believe in anyone at bitcointalk, no one.

If you ever feel like someone is making sense and what they are saying sounds possible, never believe them, not on bitcointalk, just focus on what you believe and what your thoughts were before you read that and compare them, don't shape your idea by reading stuff here.

[Obito]

Even though price of BTC bumped up yesterday from $7,400 up to 10,400.  Price is still in a downtrend.
 
I am not too optimistic just from one day of big green candles along with some announcement from China.

Heavily manipulated it is, more and more every day. Good bye.

Too long to bear it is. I never had expect to Bitcoin to be able to push up again after that sudden pump. It is more like as today as to see is to believe. After all we certainly do not know well, it might went down or it might went up but as what the chart says it is more like a quite stability around 7,000 to 9,000. Will be waiting for pumps perhaps if it could be ever to happen again.

[matchi2011]

It is not that large of a fall and yet you are already crying about it.
What really happened? Did you lose in trading?
Looks to me like a of users here had already expected a fall after a big pump that happened until 10k.
That is already a signal for a sell without any regrets. Now it had gone steady in 9k to 9.2k which is good. It is like this is the new bottom.

If you are isn't ready to take the risk it's not your forte as the cycle will continue. You need to overcome fear and you need to prepare yourself. There's many possibilities that will happen while you are inside this market, it's best to workout and find the right hints in order to anticipate the placing position and the right timing to sell it once there's a big dumped that happened.

[Febo]

Even though price of BTC bumped up yesterday from $7,400 up to 10,400.  Price is still in a downtrend.
 
I am not too optimistic just from one day of big green candles along with some announcement from China.

Heavily manipulated it is, more and more every day. Good bye.

Price is always in some trend. If you believe is in down trend then is in downtrend. That mean over some period of time price will decrease a bit. Then sudden news like was that about china a week ago will disturb this movement. It is nothing wrong with that. I think medium turn we are in bear stable trend. And is going on from June. On long turn we are in bull trend. That is happening from start of this year and will continue for next 2 years. It is impossible to manipulate long trends. It is hard to manipulate medium tun trends. What whales can manipulate are short turn trends. And they do manipulate them.

[Darooghe]

I think about it as little as possible, but it seems like everyone is afraid to buy now. I can recommend, never worry about the downside, because Bitcoin always has bounced back to a value greater than its greatest high, and I don’t see a reason for that to change, because it has been in that trend since it’s very conception.

Although that trend has been disrupted by media manipulation, and price manipulation by anonymous bank holders, the ongoing greater adoption by the people will eventually drive the price up to the point that no group of holders can stop its momentum. those who hold 5-10 Bitcoin will become multi-millionaires in given a few years. so when the price drops I keep buying and each dollar I buy brings more Bitcoin which is a good thing from my perspective.