Dump/Correction @ 10k

[Pleione527]

Bitcoin hits $8000 which I predict to happen only by next year, this is really a good thing and because of what happen many thinks that bitcoin can possibly hit $10000 soon but in my opinion this continuous increase in the price of bitcoin can signal that there might be a revenge coming in few weeks I'm afraid that we are receiving so much that a sudden fall back can happen. I don't want to be negative I am just open for the chances that the other thing around can happen in bitcoin price.

[oegarod]

Price correction takes place after reaching a new milestone, such a correction happened recently with the price going low to $6000. In similar manner by the upcoming days when the price cross the barrier of $10000 an correction in the form of a dump.

[Slow death]

Will there be a correction or profit taking at 10000$ ?

this is a very difficult question to answer

I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?

if anyone knew this answer, this person would be someone very successful in the world of trade

Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

I would take advantage to sell high and buy some btc at low price

[fulmetal08larz]

Every bitcoin investors have different goals in taking profit, probably, most people will sell their positions at $10k and there would be correction/consolidation after, which is normal in this volatile market. No one could predict the support level upon reaching $10k but the cycle will always repeat itself. Personally, even if I buy bitcoin at $10k level, I won't be selling it if bitcoin's price crashes, instead, I will buy more at discounted price. Best thing to do is to stick on buy low sell high strategy, aim for long term and always hope for the best.

[Idrisu]

There is going to be a correction any moments from now but is going to be a little one. I have see that bitcoin is going to go as high as $10,000 before end of this year and we may even go above that. I will buy at the next deep which may happen and hold until the price get to $10,000 or above.

[parobber]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts  

It's likely 10k will be a big emotional barrier for bitcoin to breakthrough, I think we will see a lot of people selling at this price but there won't be a huge drop in price. If we are planning to buy when bitcoin potential drops after hitting 10k we might as well just buy right now.

Even the opposite can be happen. Bitcoin is hitting a new record in every couple of week and the holders of bitcoins are used to it. So when it will hit 10,000$ it will not hit any emotional barrier. When that will happen every news-media over the world will be reporting that,which could attract much more people in the crypto coin market.

Bumps and dump is normal in the price chart dude you can find the bitcoin price index fluctuated normally because that is how it is been made. we see the bitcoin price is noticed.
Dump is normally give the space for the investors to make the profit with the bitcoin like buying it more to get the decent profit when the bitcoin bumps more.

Yes for sure we may see the opposite and probably will see the opposite with new money flooding in but that always takes a little bit of time, firstly the news has to get out and then people have to take time to learn what bitcoin is and get round to investing. That's why I suspect there will be an initial drop once 10k is reached but shortly after we will quickly push up in to the 11s or 12s. These dumps are great times to profit but as I said, why wait for a dump at 10k when you can just buy now and sell at 10k and then buy back in the dump.

[batang_bitcoin]

There is going to be a correction any moments from now but is going to be a little one. I have see that bitcoin is going to go as high as $10,000 before end of this year and we may even go above that. I will buy at the next deep which may happen and hold until the price get to $10,000 or above.

Correction is happening after a quick increase on the price of bitcoin. We had seen it many times and it won't stop but the good thing when corrections are happening the return of it to bitcoin is different. Instead of being pulled down to the pit of crashing the price is increasing because of many traders that are waiting for the dip are buying and putting massive orders for it.

[orions.belt19]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts  

It's likely 10k will be a big emotional barrier for bitcoin to breakthrough, I think we will see a lot of people selling at this price but there won't be a huge drop in price. If we are planning to buy when bitcoin potential drops after hitting 10k we might as well just buy right now.

Even the opposite can be happen. Bitcoin is hitting a new record in every couple of week and the holders of bitcoins are used to it. So when it will hit 10,000$ it will not hit any emotional barrier. When that will happen every news-media over the world will be reporting that,which could attract much more people in the crypto coin market.

If that were the case, then it would be very favorable for us and the whole cryptoworld community. I'd like it very much for the price not to fall that low once it hits $10,000 although I would expect there to be a price correction anyway since it's a big milestone for the bitcoin price. Also, many would want to sell and get some profit at that price.

Surely once the price hits that amount, bitcoin will be all over the media and it will gain even more popularity. Just now even with the current price, bitcoin has been gaining more popularity through social media. A lot are amazed by how high the price and how fast it continues to increase so hitting $10,000 would bring much more interest to the public.

[turkandjaydee]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts 

It's likely 10k will be a big emotional barrier for bitcoin to breakthrough, I think we will see a lot of people selling at this price but there won't be a huge drop in price. If we are planning to buy when bitcoin potential drops after hitting 10k we might as well just buy right now.

Even the opposite can be happen. Bitcoin is hitting a new record in every couple of week and the holders of bitcoins are used to it. So when it will hit 10,000$ it will not hit any emotional barrier. When that will happen every news-media over the world will be reporting that,which could attract much more people in the crypto coin market.

If that were the case, then it would be very favorable for us and the whole cryptoworld community. I'd like it very much for the price not to fall that low once it hits $10,000 although I would expect there to be a price correction anyway since it's a big milestone for the bitcoin price. Also, many would want to sell and get some profit at that price.

Surely once the price hits that amount, bitcoin will be all over the media and it will gain even more popularity. Just now even with the current price, bitcoin has been gaining more popularity through social media. A lot are amazed by how high the price and how fast it continues to increase so hitting $10,000 would bring much more interest to the public.

Yes, it will attract more people and logically the price will increase even more.
But since i know about altcoins , i really really hope there will be a big correction.
Because for now, the price of bitcoin is far over the altcoins, altcoins cant follow it.
But we know that it almost impossible for bitcoin to have a big correction down to 4k-5k$.
Maybe 7k is already become the bottom now.

[traderethereum]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts  

i think there will be a profit taking at $10,000 but there always correction price after the high price is reach and i think you know that there is no one will know how much the market will fall. you can say the number but its only prediction. if i see the price is down, i will get ready to buy bitcoin again and i will sell at high price like other people. but i won't sell bitcoin that i still hodl because i can not make any profit if i am selling at down price.

[cableiso]

The last big correction was Jamie Dimon from JP Morgan calling btc a fraud.  Now, surprise, surprise - JP Morgan is going to offer the btc futures from CME.  Sounds like wall street scumbags jawboning the price down so they can load up in preparation for backing futures positions.


The future looks bright, folks.  As far as 10k goes...  The CME futures contract is 5 btc IIRC, so 10k is a nice round number giving a $50k contract.  But its a bit low compared to other currency futures (~$100k), so if CME had expected $10k to be the ceiling, the contract would have written for 10 btc.  Makes me think that wall street sees ~$20k as the target.

Now the downside.  The btc market is skittish, and wall street wont mind throwing a few million bucks at shorting a shitload of paper futures contracts to force a plunge.  Then buy back at a depressed price, profit.

I want to urge you speculators not to lever up too heavily - the next few months will be rocky, but the upside will be massive in a few years.  Our saving grace will be the circuit breaker on the futures price.  If they plunge it, they will expect the open market to continue down after CME suspends trading.  But if we BUY THE DIP we will execute a short squeeze and enjoy the profit when the wall street scumbags have to cover their shorts at a higher price.

Good Luck!

Main Points:
1) Wall street is about to enter BTC in a BIG way
2) Expect some heavy manipulation to the downside.  Its temporary.
3) The CME contract is sized for $20k/btc to make it par to other fx contracts
4) Don't buy at heavy leverage now, you may suffer margin calls during plunges
5) BTFD

[jorneyflair]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts  

Well, i would expect some profit takers at the $9k level. There will definitely be a portion of people that are invested in bitcoin that think bitcoin can never hit 5 figures(which i am not a part of), and they will taking their profits before the $10k level gets breached.

But that should really just be a short term dump. My personal prediction on bitcoin this year is going to be at least 5 figures. After the initial dump from $9k to perhaps $8k, we'll see the price getting pumped to 10k or more.

There could be another correction waiting there, but it shouldn't go below $10k.

[btcney]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts  

Correction at $10000 is unlikely. What is more likely is that we'll see price potentially go to $11000 and even $11500 quite easily after the $10000 barrier is hit and broken. This is what we've seen when major barriers have been broken.

Right now we're seeing an accumulation stage at $7-8k, ready for the next pump.

Really doubt that we're going to see any sort of major dumps or profit taking until at least $11000 or more.

[Kyraishi]

Usually if a resistance is hit the price actually goes parabolic even after that resistance has been hit and stays right up there for a while. So the chances of bitcoin just stopping @ 10k and a massive dump happens is probably very low. People are already talking about $20k per bitcoin, even $50k. I personally think that we'll see profit takers, yes, but not on a major scale especially after price hits $10k.

If there is a dump though, be sure to load up on cheap coins as always.

[ask]

10.000 usd is this biggest resistance level for this year.
For sure its not going to be easy to achieve this level and we will see a big correction.
But we need to focus on tether crisis before targeting higher levels.

[European Central Bank]

five figures might be the beginning of the final euphoria phase rather than the end. it is indeed a huge psychological barrier but the countless people on here who've been holding out for it will suddenly realise they're greedier than they thought and not sell. and why would you? that would mean the party is truly gonna start. that's only a 165 billion ish market cap. big, but really not that significant globally.

[promomei]

BTC can go easy to 15 K and back to 7K

Its normal  - Its crypto

[detector]

BTC can go easy to 15 K and back to 7K

Its normal  - Its crypto

The problem only how long do you want to hold your bitcoin for profit ?
IMO most people are afraid to purhcase bitcoin because the value still volatile but for me as bitcoin holder, investing on bitcoin far more profitable compare with gold ,etc

[Koadharber]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts  

I do assume that this thing would possibly happen on where if bitcoins price did hit up 10k there would be profit taking since this would really be the sweet spot to do such thing and im sure there are lots of investors keeping an eye on that price point. If this is the case then price corrections do might happen and basing with my technical analysis the last strong support do placed on 6.5k price range. Its possible to comeback on those ranges but well this is just pure speculative assumptions.

[BillyBobZorton]

$10,000 will be the point at which BTC will be taken seriously by all those who doubted it. Over the last week or so I’ve met friends and family who have all told me that they’ve now bought into BTC. Once we pass the $10k mark I think those who were calling it a bubble will start buying in themselves. More people would want to get in on the bandwagon and the price will continue to rise (at a slower rate due to the number of people who’d sell part of their coins at that price point).

$10,000 will become the new floor and BTC will no longer be measured in BTC but in "bitcents" or whatever other notation that would be easier to understand when pricing things, since most things don't cost $10,000, and as BTC grows to $100,000 then to $1,000,000 the 0's will keep getting increasingly annoying to deal with with the BTC stardard notation.

Once it breaks $10k, it will continue growing faster, I don't see a dip if $10k is trespassed, maybe a dip if it fails to cross the barrier to try again later, worst case scenario it will fail a couple of times and delay it for a month or so.