10.000 $ still remain a strong support. Trend is not changed yet.

[P2Pfinder]

Hallo,

As i wrote in many discussion, 10.000 $ still remain a strong support, and only after 4-5 close under 10k we could reconsider the trend. Also each failed attemp to broke 10.000$ make this support  stronger, because most traders take the belief that this is indeed a very important level and ther starting to buy every time the price is close to $ 10,000 because they expect a rebound just like happened in the past. Obviously buying on support levels is very risky, but in the crypto world every consideration must be taken with due caution. Personally if I had to go in a bullish point of view, I would buy only in over 11.200 $ or, speculatively I would try to enter around $ 9500.

[bee3164]

Interesting to see where this heads. With the CAME contracts coming to an end, I feel Bitcoin will move up. Perhaps towards the 14,000 range. Let's see the support around there

[avikz]

Hallo,

As i wrote in many discussion, 10.000 $ still remain a strong support, and only after 4-5 close under 10k we could reconsider the trend. Also each failed attemp to broke 10.000$ make this support  stronger, because most traders take the belief that this is indeed a very important level and ther starting to buy every time the price is close to $ 10,000 because they expect a rebound just like happened in the past. Obviously buying on support levels is very risky, but in the crypto world every consideration must be taken with due caution. Personally if I had to go in a bullish point of view, I would buy only in over 11.200 $ or, speculatively I would try to enter around $ 9500.

True! Since last 4 weeks, 10k support looks crucial. But in crypto world, methodical technical analysis doesn't always proved true so it may be wrong as well. But I have noticed one trend since this time, that on every weekend, bitcoin price is going up to 13k level and then quickly coming back to 10k level. That is a great opportunity for the speculators to earn few extra bucks even in this stabilized market. But the current trend is obviously making 10k a very strong support and I feel it is a good price to enter at least for the time being.

[P2Pfinder]

And 10k hold again. 

Every purchase at 10k was like a penalty without goalkeeper

[davis196]

One week ago,i was thinking that 13K USD is the "support level" of the bitcoin price and there`s no way it can go under 13K.Now,it`s between 10K and 11600 USD and i don`t see any signals for an upcoming bulish trend.
I don`t believe in the "strong support" for any price level.If the newbies find a reason for panic,they will conduct panic selling again.I just want to gain more bitcoins and HODL.

[DaMut]

there are no 'strong support' at this moment because it's been pumped so hard,
just like what people said,
when we're at $17.000 people said that $15.000 was its support.
but it broke that level and went down a bit deeper.
it's all about people point of view.
always do your own research and never believe what people says to you without a solid evidence behind it.

[shield132]

Of course it's still a great support if we consider the fact that transaction fees were very high these days, some exchangers closed registration on their websites, also remember panic in korea and a lot of things. If price won't be under 6K, I will have a hope of rise of bitcoin. With current big suppory, it just won't fall. The trust that this coin gained is unique and nothing can change it, many people thinks that nothing is as safe and decentralised as bitcoin.

[Pursuer]

you are correct about the support but about buying I have to say it depends on your strategy. so many investors have longer term strategies when it comes to investing in bitcoin and that means whenever there is a dip like that, people are going to happily buy it even if it is around the support and it may seem riskier. that is because even if price goes lower, your strategy will end up in profit.
besides buying around the support is not as risky as you may think because it is the support after all. it means it will resist any big drop and so far we have seen whenever it falls under it, price jumps back up fast.

[bucciarati]

i think that we are still in swinging time, and that time is going to last till chinese new year
10.000 usd is undoubtely a strong psycological support, a new floor that would make easier to touch a new ath before end of june 2018

[1Referee]

when we're at $17.000 people said that $15.000 was its support.
but it broke that level and went down a bit deeper.

That's the whole point. People just look at the charts and base their 'support' on what they read from the chart analysis. The lower the price drops, the lower people will drop with pointing at certain levels to be the next 'support' base. This market puts all people's technical analysis to waste most of the times, and I am happy that it is like that. Even the $10,000 level is not a base support level, and we have seen that it went below that level two times already this year - people saying otherwise are just blind. It takes no effort to get the price to tank below that level.

[P2Pfinder]

With $191.367.051.980 in capitalization, is impossible to pump (or dump) artificially Bitcoin. Maybe when price was 50 time less than now, some little pump was possible too. But not now, now with this market volume  

there are no 'strong support' at this moment because it's been pumped so hard,
just like what people said,
when we're at $17.000 people said that $15.000 was its support.
but it broke that level and went down a bit deeper.
it's all about people point of view.
always do your own research and never believe what people says to you without a solid evidence behind it.

[hase0278]

With $191.367.051.980 in capitalization, is impossible to pump (or dump) artificially Bitcoin. Maybe when price was 50 time less than now, some little pump was possible too. But not now, now with this market volume  

You are right but the question is how long will this support last? Will it survive and overcome the selling pressure everyone has got? Whatever happens I am sure that the result would be exciting to see. If it dumped and support has been totally consumed, I am sure everyone would be glad to rebuy back at cheaper price. The same way will happen when it pumps. The only difference is that everyone would be happy because those who have Bitcoin gained profit again.

[talkbitcoin]

With $191.367.051.980 in capitalization, is impossible to pump (or dump) artificially Bitcoin. Maybe when price was 50 time less than now, some little pump was possible too. But not now, now with this market volume 

i wouldn't use the words "pump and dump" but i have to say it is not impossible to manipulate the bitcoin market. we have seen multiple examples of it already. have you forgotten the Jaime Dimon "bitcoin is fraud" thing?

of course it is getting harder and harder to manipulate the market as it grows. but it will never make it impossible to manipulate the market, just like any other market!

[RealPhotoshoper]

With $191.367.051.980 in capitalization, is impossible to pump (or dump) artificially Bitcoin. Maybe when price was 50 time less than now, some little pump was possible too. But not now, now with this market volume  

You are right but the question is how long will this support last? Will it survive and overcome the selling pressure everyone has got? Whatever happens I am sure that the result would be exciting to see. If it dumped and support has been totally consumed, I am sure everyone would be glad to rebuy back at cheaper price. The same way will happen when it pumps. The only difference is that everyone would be happy because those who have Bitcoin gained profit again.

I am more than ready to accept whatever the market headed to , bullish? I have some holdings , bearish? I'll buy more at the dips.
So nothing to worry for me as i believe bitcoin value in the end will make everyone feel happy.
Yeaaa it is always the matter of time when it comes to predicting bitcoin price to increase , the bubble is not exist here.

[BitHodler]

With $191.367.051.980 in capitalization, is impossible to pump (or dump) artificially Bitcoin. Maybe when price was 50 time less than now, some little pump was possible too. But not now, now with this market volume  

What is that for nonsense? Bitcoin for large players is pretty easily to manipulate considering how thin the markets are, where you also have to take into consideration that just 1 exchange is needed for that.

If you're able to move the market of a leading exchange, you'll be able to move the entire market as result of that. You shouldn't really pay attention to the market cap since it's only a statistical figure.

Don't forget that the market movers of back in the days have been growing alongside the market, which means that they have become more wealthy than ever before. It's as easy as always for them to achieve the same result.

[boyptc]

Obviously buying on support levels is very risky,

It's risky but if you are a strong believer as you've been bitcoin hitting $20,000 before there's big possibility that it can get back there so buying on level right now is a good choice. The risk I would estimate is minimum, coming from $20,000 down to $9,900 and now at $11,200? It's not a bad pick.

I would try to enter around $ 9500.

That's quite late already we've been on that price and I don't think it will be back there again.

[gabmen]

With $191.367.051.980 in capitalization, is impossible to pump (or dump) artificially Bitcoin. Maybe when price was 50 time less than now, some little pump was possible too. But not now, now with this market volume  

You are right but the question is how long will this support last? Will it survive and overcome the selling pressure everyone has got? Whatever happens I am sure that the result would be exciting to see. If it dumped and support has been totally consumed, I am sure everyone would be glad to rebuy back at cheaper price. The same way will happen when it pumps. The only difference is that everyone would be happy because those who have Bitcoin gained profit again.

I am more than ready to accept whatever the market headed to , bullish? I have some holdings , bearish? I'll buy more at the dips.
So nothing to worry for me as i believe bitcoin value in the end will make everyone feel happy.
Yeaaa it is always the matter of time when it comes to predicting bitcoin price to increase , the bubble is not exist here.

Selling pressure? The reason why the support is this strong is probably because most of the weak hands have been filtered out already and have sold at a big loss. I don't think they'll be inspired to buy back to btc again lol. I'm just keeping it cool with my btc holdings and will patiently ride this unsteady tide.

[P2Pfinder]

I do not like at all the weakness that shows every time Bitcoin reaches 11,200$ . It really looks like it has no more gas to run.
In addition, ripple fall confirms that the trend is not currently bullish. I think we started lateral phase, with prices moving within a well-defined range. This phase, which could also last for some time, will reap the speculators from the market that will abandon some coin. So we will see days in which from time to time there will be some coins with drastic decrease in daily volumes due to the gradual exit of speculators who will no longer find interest in being in these coins.

[talkbitcoin]

I do not like at all the weakness that shows every time Bitcoin reaches 11,200$ . It really looks like it has no more gas to run.
In addition, ripple fall confirms that the trend is not currently bullish. I think we started lateral phase, with prices moving within a well-defined range. This phase, which could also last for some time, will reap the speculators from the market that will abandon some coin. So we will see days in which from time to time there will be some coins with drastic decrease in daily volumes due to the gradual exit of speculators who will no longer find interest in being in these coins.

true, but i believe if bitcoin starts remaining in this "well-defined range" and traders become sure enough of its stuck-here status, we are going to see some serious move into altcoins.

that has been what usually happens whenever bitcoin is like this. everyone moves on to altcoins to pump them. and i am not talking about top altcoins which are already over-pumped. i am talking about all the rest of the coins which were pumped last in March to May of 2017.

[xfaqs01]

Hallo,

As i wrote in many discussion, 10.000 $ still remain a strong support, and only after 4-5 close under 10k we could reconsider the trend. Also each failed attemp to broke 10.000$ make this support  stronger, because most traders take the belief that this is indeed a very important level and ther starting to buy every time the price is close to $ 10,000 because they expect a rebound just like happened in the past. Obviously buying on support levels is very risky, but in the crypto world every consideration must be taken with due caution. Personally if I had to go in a bullish point of view, I would buy only in over 11.200 $ or, speculatively I would try to enter around $ 9500.

thats a good insight sir, i agree that buying in a support level is risky as i have experienced it many times before, i should have set more lower entry from the support level, that way it will be safer than sorry.