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

[fabiorem]

If this bear trend extends to the next month, we can go as low as 5k. Bear markets are irrational, but this time theres some resistance, so it will fall slowly.

Bitcoin is being "tamed" by CME. You can deny it if you want. The only way to free the honey badger from its captors is releasing LN and Schnorr signatures, as this will increase demand from average people. Only then, we will go to 25k and beyond.

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[player514]

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.

This is an important point. No one really knows how much support is actually at these levels. It's pretty much impossible to know unless you go through buy orders on every exchange, and some exchanges don't even offer that information publicly.

I think the reason OP and many others believe the 10k price is a support level because it has held up in the past. Of course, that may be bad logic, but if it's happened multiple times (as in bitcoin dropping below 10k and then bouncing back up), there may be a relationship between the price and a potential support level.

[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.

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.

I hope so , but if i look at people around here i feel they are still trying to sell their bitcoin as soon as it reached at least 20% of the total loss, a lot of people talk about this.
They are frustrating and the dump to make the $10,000 broken seems could happened in the near future.
I will just enjoy the game and try to be as cool as possible , heading to $40,000 or down to $5,000 , i am not affraid.

[timerland]

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.

Agreed. As I've said in my other thread, $10k is the definite support right now, and it wouldn't change unless bitcoin stays under $10k for at least a full 24 hours. And it definitely hasn't happened yet, since when bitcoin went near $10k it rebounded back up to $11k every time.

In the event of bitcoin crashing to around $9000, I would definitely buy in, since an adjustment is very likely after the FUD. There is a bunch of whales waiting to buy up cheap coins under $10k as well, which is why as you said as well, every time $10k is near, price has gone up.

Right now I'm just patiently holding my coins. We could see $12k being broken soon, and after that the market will turn pretty bullish.

[matuson]

12K is very small. I am sure that the price will rise much more. For those who keep their coins, the situation will not change even when the price is 15K. People will continue to hold the coins to make a profit in the future. Traders buy and sell coins at any price. So I think that the token prices of bitcoin makes no sense.

[1Referee]

For those who keep their coins, the situation will not change even when the price is 15K. People will continue to hold the coins to make a profit in the future.

For me not much has even changed when the price nearly touched the $20,000 level last year. I just trade the volatility as I have always been doing, and keep the coins I hold for the long term sleeping in their wallets for plenty of more years. We have experienced these sort of situations for so many times now, that it's a bit weird how people keep panicking over absolutely nonsense. It's like people never seem to understand the basics of this market, and that while they have had enough time to do so.

Traders buy and sell coins at any price. So I think that the token prices of bitcoin makes no sense.

Definitely so. That's why we shouldn't take certain peaks and dumps too serious. To start with, the near $20,000 peak of last year was a massive exaggeration of how the market gets bought up by blind panic rage buyers due to the future markets. At that point we were beyond the actual all time high already, but the market still got pushed further, till the point where $20,000 was forming the mental barrier. If that $20,000 barrier wasn't there, we would probably have seen the market increase even further. That barrier was the STOP sign the market needed to calm the f... down.

[P2Pfinder]

I find difficult to understand why prices continue to stay around 11k. if we read it in a bullish way, then traders are trying to create a new support in the 11K area; if we read it in bearish terms, then whales are trying to get out of the market without creating big traumas at the price.  Probably in a market not too influenced by exchangers, a good graphic candlevolume would tell us clearly how things are.

[P2Pfinder]

Support is gone.

Buy only over 9k

[serjent05]

Well I guess we are under 9k USD now, but I do believe this Bitcoin crash will end soon.  The hype from the lightning network will be starting soon, this can probably nullify all the FUDS and bad press.  I also believe whales are riding this bad news in order to buy more bitcoin in cheaper price.  Once their accumulation is done, we will see Bitcoin price soaring high again.  Let just hodle and wait.

[truongdhnh]

Now the bitcoin price is $8,000. Prices will probably fall further if they do not rise immediately above $9,000. Because the experience in 2014 the whale probaly will make the price drop more and more.