bitcoin can't push prices higher

[Nikkolodeon]

The Bitcoin bulls have been defending the $10,000 mark for the past few days. But they have not been able to push prices higher, which is a point of concern. The cryptocurrency has broken out of the down trendline one, which shows that the momentum on the downside has decreased. We can expect a few more days of range bound action between $10,000 and $12,000. It is difficult to predict whether the upside or the downside move comes next.

[Kersh768]

The Bitcoin bulls have been defending the $10,000 mark for the past few days. But they have not been able to push prices higher, which is a point of concern. The cryptocurrency has broken out of the down trendline one, which shows that the momentum on the downside has decreased. We can expect a few more days of range bound action between $10,000 and $12,000. It is difficult to predict whether the upside or the downside move comes next.

That is because we are just having a hard time. It is indeed a rough start for Bitcoin this year. Patience is important. We just need to wait for its value to again, increase. A stable market value of 10000 is way better than falling market value. Let's just be thankful that its market price did not fall that much. Continue holding because surely, uts market price will eventually increase.

[Reid]

It is difficult to predict the way up but you already know the limit down.
Aint that better? You will somehow know when to buy.
If you are not that greedy then you also know when you could sell. I think that is already a good trade. $1000 per bitcoin to trade is a lot in my opinion.
You cannot get this with altcoins, you will need to wait a little longer or have a lot of it.

[01BTC]

I will not worry to much, much of the bids are for the long run , so theres no other way .. then UP ..

[nl247]

The Bitcoin bulls have been defending the $10,000 mark for the past few days. But they have not been able to push prices higher, which is a point of concern. The cryptocurrency has broken out of the down trendline one, which shows that the momentum on the downside has decreased. We can expect a few more days of range bound action between $10,000 and $12,000. It is difficult to predict whether the upside or the downside move comes next.

There is nothing to worry about. Downside is over bro as far as I am concerned! The chart says it all. MACD and RSI shows reversal signal. The price has bounced so many times from the $10k support and I am sure volume is going to be stepping up a lot this week we are entering, so better to get in now for those who have not because we may not ever see this value again.

[ClackKendi]

The Bitcoin bulls have been defending the $10,000 mark for the past few days. But they have not been able to push prices higher, which is a point of concern. The cryptocurrency has broken out of the down trendline one, which shows that the momentum on the downside has decreased. We can expect a few more days of range bound action between $10,000 and $12,000. It is difficult to predict whether the upside or the downside move comes next.

If you think the bitcoin price today is not going to increase anymore then I think your patience is limited. It is hard to predict if future bitcoins will increase or decrease, but if you are currently profiting from your bitcoin, I think you should sell them. Markets in China and Korea are introducing very difficult regulations in bitcoin trading. In future I think bitcoin prices will not increase further.

[batang_bitcoin]

The Bitcoin bulls have been defending the $10,000 mark for the past few days. But they have not been able to push prices higher, which is a point of concern.

Wrong, prices now are all increased. The whole market of cryptocurrencies seem to be healthy for today. Check it by yourself @ https://coinmarketcap.com/

The cryptocurrency has broken out of the down trendline one, which shows that the momentum on the downside has decreased. We can expect a few more days of range bound action between $10,000 and $12,000. It is difficult to predict whether the upside or the downside move comes next.

We've been into the downside for a couple of weeks so this can be the time for recovery. All crypto's are still in recovery and bitcoin needs more of it, I do believe that bitcoin can push higher prices this February.

[Hellobx]

I think it's going to keep going up.
The reason for maintaining a relatively stable price is that there is no more good news. Perhaps the price of bitcoins will rise even further after more countries accept the implementation of the bitcoin and lightning networks.

[Juggy777]

The Bitcoin bulls have been defending the $10,000 mark for the past few days. But they have not been able to push prices higher, which is a point of concern. The cryptocurrency has broken out of the down trendline one, which shows that the momentum on the downside has decreased. We can expect a few more days of range bound action between $10,000 and $12,000. It is difficult to predict whether the upside or the downside move comes next.

I don't see any point of concern here, it's bitcoins and they're sluggish during the start of the year, and this year it's been due to korea rumours that has brought it down. I have kept it aside, and i'm not even looking at it, cause it always is range bound for most part of the year, so just hold it and don't worry, when it'll rise it will rise mad. All it's looking for one good news, just wait for it be positive.

[junoreactor]

Many withdrew their profits, first before Christmas, and now before Chinese New year.
Every year has been the same since 2015 with a low in January, wait for March before drawing any conclusion.

A steady rise of the adoption of bitcoin would be more healthy than huge speculation as it happened on early December.

[YzzyGo]

There hasn't been any recent news for bitcoin that's why investors, old and new, are moving away for now I think. Ethereum is having the time of it's life keeping things above $1k. Maybe that's where they are going.

[ThorWin]

The Bitcoin bulls have been defending the $10,000 mark for the past few days. But they have not been able to push prices higher, which is a point of concern. The cryptocurrency has broken out of the down trendline one, which shows that the momentum on the downside has decreased. We can expect a few more days of range bound action between $10,000 and $12,000. It is difficult to predict whether the upside or the downside move comes next.

I think the bitcoin price may be higher, but it will increase very slowly. bitcoin is gradually reaching the ceiling price. I think the bitcoin market is probably still influenced by some bad rumors from other countries. And now investors are selling bitcoin out a lot, bitcoin prices will not increase rapidly. that's my guess. Wish you a better decision.

[ralle14]

No need to worry about the price not moving upward or down for the past couple of days. For me it's a good thing that the price of bitcoin stayed above the $10,000 mark because it gave everyone a good window of opportunity to buy.

There hasn't been any recent news for bitcoin that's why investors, old and new, are moving away for now I think. Ethereum is having the time of it's life keeping things above $1k. Maybe that's where they are going.

There are some recent news about bitcoin which affects the price of bitcoin one example is the recent ban in South Korea where trading crypto anonymously is not allowed anymore. It's a relief that the price is now gradually recovering after the dip.

[Arngrim]

I dont know what you are saying but it is already high for me now.

You cannot see this kind of number in all the commodities lined up out there. Even with investments with only a cost of a dollar or 2.
This is 5 digits man! I dont know why people are still making some fuss about it.
It is greed? I am new here but when I see the bitcoin history, that tells it all. It moved for so much value.

[aoihs00]

The Bitcoin bulls have been defending the $10,000 mark for the past few days. But they have not been able to push prices higher, which is a point of concern. The cryptocurrency has broken out of the down trendline one, which shows that the momentum on the downside has decreased. We can expect a few more days of range bound action between $10,000 and $12,000. It is difficult to predict whether the upside or the downside move comes next.

There are lot more things in the world which is happening right now and that data must be reconsidered before speculations can be made about the next moves of the bitcoin. The crypto as whole currently dipped into blood bath and its just after effect of regulatory actions in some countries. The news is very old now and different specs will happen real soon so lets just sit tight for the umping new wave. The way people are looking at the bitcoin for this moment (confused, scared) I believe it will take lot more time to recover. But uncertainty always follows in the crypto.

[felicanoma]

If you look at bitcoin from year to year I think you will understand.
bitcoin always fluctuates at the beginning of each year and will stabilize in the second and third months.
Take the positive side of what's happening now you can buy cheap bitcoin prices and you just keep your bitcoin in the next few months and you'll get a lot of profits from your patience.
you do not have to worry about the current situation because it's a natural thing to happen.

[CASTIEL05]

A lot of speculations are saying that bitcoin dipping down because of the continuously banning of it in the world. Upon this speculation, bitcoin's price decreases and people are making a panic selling specially those who did not know the cycle of bitcoin.

[rgarciavega]

Bitcoin has just broken a bearish TL, and can reach about $14,000. In that price you would find another TL that comes from ATH. That is the most important.

[cryptodairy]

There is technical explanation for this. It is all about the moving averages & trend.

https://steemit.com/steem/@pozzecco/the-rise-of-the-bitcoin-fasten-your-seatbelts-if-we-pass-this-level-bitcoin-technical-analysis-27-01-2018

"If 13000 is passed upwards we may first target 14250 then 17000 and then 20000"

[Deubila]

According to my opinion, bitcoin is fluctuating up and down unpredictably, but I think the bitcoin price will not increase until the end of 2018, because there are many good projects on the market today. As a result, Bitcoin will not be able to raise the price as it did in December.