Momentum Proves Weak OR Rising to 14,000$

[Lucius]

I think it will take some time(maybe months) to see some significant changes in the price.This is usually the case at this time of year and it is follow a big drop which has happened recently.That was a big event who has been shaken the market very hard and it will take time for the market to recover after this.Many were burned at this time,and most will not go back anymore,dream about quick profit is finished at 10k drop,instaed 25k$ or 30k$ which many hoped it would happen.

There will be price increases like it was few times after big drop,but even rising to 14k$ does not mean too much at this time,the problem is that BTC can not maintain that level for long time.

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[DPoS2]

Bitcoin is making higher highs and lower lows which is a good indicator of trend reversal. So far, according to the chart analysis, downtrend seems to be over and inflection point is reached indicating towards bullish trend reversal. If Bitcoin breaks $13200 mark, it will go a parabolic trajectory and altcoin's market will squeeze.

I don't think altcoin gets squeezed..  bitcoin is more like the tide that rises all boats (and lowers them)

[pereira4]

It looks like we are going up. The triangle was broken to the upside so we should be going higher in the next few hours to consolidate the uptrend. Breaking $13,000 would be awesome, then next stop is $14,500 and finally $17,300 to $19,666 for the new all time high.

If my prediction was correct, tomorrow we will have the answer.

[richardsNY]

It looks like we are going up. The triangle was broken to the upside so we should be going higher in the next few hours to consolidate the uptrend. Breaking $13,000 would be awesome, then next stop is $14,500 and finally $17,300 to $19,666 for the new all time high.

If my prediction was correct, tomorrow we will have the answer.

Too much of an easy assumption. I had a prediction ready too that we before the end of the week would reach $13-$14k, but I openly admit that I was wrong. If we realistically look at what we have ahead of us (nothing), there isn't really anything justifying the market to increase in the very short term. People were even of believe that the future markets would impact this market, but it didn't, and that's not really surprising considering how small the interest in futures current is. At this point I don't know what is needed to give the market the push it needs, but as long as it keeps hovering over $10k levels, I am all good.

[arpon11]

4-hour chart

Only a high volume break above the trendline resistance on the 4-hour chart would add credence to the bullish doji reversal and open doors for a sustained move higher to $13,000 and $14,250.
On the other hand, rejection at the falling trendline followed by a high volume drop below $10,300 (rising trendline support on the 4 - hour chart) could yield re-test of last week's low of $9,005.
That said, only a daily close (as per UTC) below $10,391.02 (50 percent Fibonacci retracement of 2017 low to 2017 high) would revive the bearish outlook.[1]


Bullish doji reversal was confirmed yesterday but so far bitcoin has been unable to generate the follow through necessary to declare that the bottoming process is complete.[1]

Based on the analysis of the writer. What are your expectations for the price in the coming days Do you think that an adjustment of the corrections will occur or whether the price will rise?
Source: https://www.coindesk.com/bitcoin-bull-reversal-sighted-momentum-proves-weak/

The bottom momentum is not yet complete and I believe there is going to be still a retest of 10,000 dollars trading area . I have see how the bull tried to take over from the bear yesterday but later get week because of some news that flows into the market. Bitcoin is going to develop a very strong momentum for the next upward push and that may start by next week.

[buwaytress]

Bitcoin's "failure" to break below $10k, after testing $9k, is now proving to be further evidence of its resilience at around 10k. I'm now counting down the days til the end of February, where I'm hoping very much that the current trend continues. Looks like sideways or even bearish for a lot of people, but for me this is the perfect stabilisation period I've been waiting for. If it can keep this for two months, then it'll have found very firm footing at $10k - which is very good news for the rest of the year. I'd be prepared for 20k to never be tested for 2018, but I wouldn't mind at all new-found floors at $15k. We'll also be coming up to a "tenth anniversary", depending on how you see Bitcoin's birthday to be: whitepaper or genesis block. Very pleased with the performance of January so far.