BTC inching toward 12 K again.

[jasonmattson]

Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?

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[imapessimist]

No I don't think it will rocket.  It might reach !3k but no more.  That's my opinion.    I wouldn't buy now to try and make a quick profit. 

[Nubitcoinerr]

Bitcoin is going sideways for a long time. Accept it.

[Enjel]

Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?

The support level is $8k to $9k, approximately. Was tested and bounced up sharply. We are in standard territory.

[vanish9]

Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?

It is not a bull trap, and this is not another dip. Just have some patience, you all know how volatile bitcoin is, and this kind of situations are normal in here. It might be touching $12000 by tomorrow, but during the next week, it will be over $15k.

[jjacob]

Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?

It is not a bull trap, and this is not another dip. Just have some patience, you all know how volatile bitcoin is, and this kind of situations are normal in here. It might be touching $12000 by tomorrow, but during the next week, it will be over $15k.

Touch $12k tomorrow? It is already at $12,700 and is inching towards $13,000. Alts seem to have outperformed Bitcoin over the last 1 month, but it is only a matter of time before the tide turns. We will see Bitcoin hurtling towards new ATHs once Bitcoin picks up steam again.

[Bloomie]

Yeah I was reading this thread wondering what the hell you guys were on about. It's already in the high 12s now. It briefly touched 13 today and will most likely head into the low 13s tomorrow. 15k is easily on the horizon for next week.

[pooya87]

bitcoin price may not "rocket to the moon" for now but at the same time there is no reason for it to drop any more.

right now it is the recovery after the big drop and we still have not  reached the normal level which is above $14000. it first needs to get there, have some consolidation and then start rising fast like before. it may take until next month  though.

[FireShark89]

It might stay this way (no volume and sideways) for quite some time. The key is to not be adhd and just hold.

[cpfreeplz]

I'm expecting a bull run. This Korea and China bullshit FUD will pass over (like every other time) and we'll get right back on track to where we where before. So many people don't own bitcoin yet. This is a massive currency that's only getting bigger. Don't sell now and screw yourself in the future.

[giveen]

It is sort of over the price won't fall again to $9k the reason was because of rumour but btc is going to suffer for the next weeks but alts are easily going to outperform it. If you looking for short term profit do go with btc invest in any alt instead , btc will take time to reach $20k again but don't expect any sale anytime soon.

[dead_m92]

Another bull trap? No way, for me, this is just another bullish trend and we just need to wait a little bit longer until the price consolidates.

This is just my opinnion, but everything is fine at the moment, i can not understand why are you so worried about the price.

Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?

The price does not means anything.

[zlatan07]

When news media stops to pump stories about Bitcoin fall, you will see this coin rising up again. What is a big deal, a lot of peoples take risk of profit, but other ones cry because of loses.

[Murloc]

bitcoin price may not "rocket to the moon" for now but at the same time there is no reason for it to drop any more.

I hope It won't. A slow growth is less speculative and aplways better than multiple thousand growth per week. A reason for another dump can be found always ata ny time but now BTC seems more confident. I realy hope that BTC wont rise "like before" this time.

Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?

The support level is $8k to $9k, approximately. Was tested and bounced up sharply. We are in standard territory.

I doubt that  technical analysis may be used during the FUD and panic selling times.

[btc_angela]

Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?

Hard to say but based on the current price movement, its now below 12K after making 13K a few hours ago. I guess its another perfect time to get if the price continues to go down in the next couple of hours. Be ready with your funds guys.

Such volatile market, if you have heart problems, I'm sure that you will have issues later when you suddenly see the price going down again. lol. Too early to call so I advise just to observe how things will pan out specially in the next 24 hours.

And then we can say that this is another bull trap, unless otherwise we see the price going green.

[raven7886]

It is sort of over the price won't fall again to $9k the reason was because of rumour but btc is going to suffer for the next weeks but alts are easily going to outperform it. If you looking for short term profit do go with btc invest in any alt instead , btc will take time to reach $20k again but don't expect any sale anytime soon.

Even alt coins are performing well, I believe it will not impact bitcoin's progress in any means. Bitcoin will follow its own growth as usual and I'm expecting bitcoin to test again $20k price levels before the end of this month and we can expect any new all time high price levels in next month.

Like you have mentioned, I am also not expecting any corrections in between time as we have already seen enough corrections in last three weeks. As per 100 days moving average technical analysis, a strong bull run is about to start and we can expect with that run, bitcoin prices to test all time new high price levels.

[magneto]

Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?

We've went up to around $13k before going down a bit again. So for me it's clearly a sign of the bull market that is coming up. This pullback is only normal but the price is still up around 20% from the year low of $9500 or thereabouts.

There is still doubt within the market about whether this is going to be a legit pump or just a trap for bulls. And it's not that much of a dump anyways.

Seeing right now, i think it's safe to say that the support level is still at around $11k, up from $10k just a few days ago which is good news. The next pump should shift the support from $11k up to $12k, and the price may go up to $14k+.

[talkbitcoin]

as you said, price is inching towards $12k at the moment and despite breaking it, it still can not hold it because there are bears that need to fall into some of the traps before we can start our bull run properly.

with bitcoin you will never know these things. right now it seems like the whales are accumulating but there are still opposing forces and we are not yet out of January.
long term i am expecting bitcoin to start shining in February and put everything behind but the time until then is unclear. probably some side way action.

[timerland]

bitcoin price may not "rocket to the moon" for now but at the same time there is no reason for it to drop any more.

right now it is the recovery after the big drop and we still have not  reached the normal level which is above $14000. it first needs to get there, have some consolidation and then start rising fast like before. it may take until next month  though.

Exactly, it's hard to rocket to the moon again when you may already be on the moon or close to it. But why would it crash again? Regulation is a huge concern right now, yes. But just because China bans miners, Indonesia bans bitcoin trading have not deserved to drop the price so much.

We're in the recovery phase right now... Bitcoin has been panic sold, and whenever there is FUD people are quick to turn in and sell, which is exactly what we saw a week ago. And what always happens after the FUD is over? Markets rise and everything is fine again, bulls come again.

Investors are still undecided, thus the price floating around aimlessly right now. But eventually, the projectory will turn upwards.

[posi]

Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?

Bitcoin is know for it volatility in price and of which I agree with you that the dip which happened is just a bull trap before the fire up of bitcoin again. Besides, if you check the current market status you will see that bitcoin is really strong at the $11,500-$12,000 price range. Despite the fact that the cap market are closed for the weekend and this shows that the market will bullish when it working days.


Buy now before it too late