As BTC hovers around $10K, is it gathering momentum for another round of uptrend

[AICoin_Official]

Though price reaches to al low as $9.9K, price still gets well supported above 10K, if BTC can't break upwards, is it gathering momentum and get itself ready for next round of uptrend?

Feel free to leave your comments below.

[1715161856]

1715161856

[dothebeats]

I myself feel that the recent run to $11k was nothing but to show that the bulls are still around, just waiting for the correct opportunity for a push. Neither the bulls or bears are in control right now, so it's truly hard to determine what direction will we be taking in the coming weeks. The recent positive news didn't really help bitcoin to go for a push; it's still left hovering over and under $10k for quite a few days now. Momentum from both sides aren't present, so I'm still eyeing on lifeless weks ahead.

[snowdropfore]

seems it is going like 2014 now , the market is take control by bear now .  we have to wait for another 2 years until the next halving.

[tokeweed]

seems it is going like 2014 now , the market is take control by bear now .  we have to wait for another 2 years until the next halving.

[Xenrise]

I can see that bitcoin might hit higher than 11.6k usd as of now probably the best price of bitcoin after the big dip. Because the bearish market is exhausting and we might see a big uptrend next week or something.

[Pursuer]

so far bitcoin doesn't show either sign for moving in any direction
it is stuck between $9500 and $11000 and may not break free for another month, the rise may have been a sign that bulls are still around but it was also a sign that bitcoin is not completely ready for the next round of rises.
the same was true as the price fell below $10k. there is no enough dumping to push it any lower either.

[Bitmore1]

seems it is going like 2014 now , the market is take control by bear now .  we have to wait for another 2 years until the next halving.

That may be the case.  We had a long period of stagnation before the last halving so this is plausible.

The next halving though I see it going 10X plus what it is now.

Two years though. 

Two long years...

[1Referee]

In all honesty, I don't see any reason for the market to rocket up any time soon. In that regard, I would probably be a little more conservative when it comes to the slow weeks and probably months we still have ahead of us. These times are great for people looking to accumulate coins over a longer period of time around more or less the same levels. By the time the market is ready to take off, you will have enough coins ready to benefit from the next boost that might be related to either more Segwit adoption, or even LN. I personally consider the latter to be more of a trigger that will lift this market up to the next level. More future markets won't do it, an ETF probably won't do it, so it has to be LN one way or another.

[buwaytress]

In all honesty, I don't see any reason for the market to rocket up any time soon. In that regard, I would probably be a little more conservative when it comes to the slow weeks and probably months we still have ahead of us. These times are great for people looking to accumulate coins over a longer period of time around more or less the same levels. By the time the market is ready to take off, you will have enough coins ready to benefit from the next boost that might be related to either more Segwit adoption, or even LN. I personally consider the latter to be more of a trigger that will lift this market up to the next level. More future markets won't do it, an ETF probably won't do it, so it has to be LN one way or another.

Yeah, even the rumour mongers at the usual Merkle/CCN etc hideouts can't seem to get anything juicy on their plates these past few weeks. Just the recycling of same stories, clarification of previously reported happenings. All threads that are running on their last legs. If I had to guess, there are some quiet undercurrents that a lot of ICOs from last year will be dealing with, and with GDPR implementation coming up in just over 2 months, there might be quite a bit of scrambling before some major announcement from continental watchdogs.

That's primed for a May/Spring movement either way, but yeah, there's really nothing to pressure the price away from 10k, think Bitcoin's really sprouting roots out here now. I'm ready to be wrong though. Perhaps regulation won't be as impactful this year.

SW and LN will likely take a lot longer than we're expecting... end of the year or autumn even. And that... that will really bring back some of the lost herd.

[salterious]

I thought the markets were going to range for a couple of months after that nasty correction in January and it looks to be doing just that. I expect a BTC breakout at some point, but I think that point will coincide with Lightning Network activation. I say this because Segwit just got added on by Coinbase, if the sphere was bullish it would have already taken by now. It seems we are hesitant and will remain in limbo for a while longer yet.

[Jet Cash]

It seems to be in a bear trend at the moment, and it seems to be testing resistance levels around $8,000 and $12,000. I believe it will continue to drift lower for a while, and then pick itself up in April or May.

I'm fairly new to modern chartist theory, so please don't consider my post to be an informed opinion.

[player514]

In all honesty, I don't see any reason for the market to rocket up any time soon. In that regard, I would probably be a little more conservative when it comes to the slow weeks and probably months we still have ahead of us. These times are great for people looking to accumulate coins over a longer period of time around more or less the same levels. By the time the market is ready to take off, you will have enough coins ready to benefit from the next boost that might be related to either more Segwit adoption, or even LN. I personally consider the latter to be more of a trigger that will lift this market up to the next level. More future markets won't do it, an ETF probably won't do it, so it has to be LN one way or another.

I agree, I feel like we're in some kind of downtime right now. There isn't much new news hovering around. Once something like a large government comes out saying that they'll accept bitcoin for something important like taxes, it's likely that we'll be hovering around the same 10k price range. I agree that future markets, something like an ETF as well, wouldn't be able to change the price at a major scale. It needs to be some news, either good or bad, that influences the price.

I would actually venture to say that I'd rather take the chances of having bad news come up and buy even lower than this current holding spot, because while it's lower, I'm much more sure that the price will rebound.

[Sony.UK]

After every correction, there seems to be a decent hike. Just look at current correction. The price went down to $6K. It stays on and around this figure for more than 2 weeks. Then yes, the price started increasing / resuming back to $11K plus in 10 days. Almost $5K increased or recovered back in 10 days. Now we can again see around $1500 dip in last three days. I assure this will contine to dip slowly reaching $8000. Once it reaches $8000 around, there is going to be a bit high spike hitting around $15000 in a week or 10 days time. This is the ratio i could figure out and bring to the screen. Hope in 20 days the price stays at $15000.

[Aleister Crowley]

I myself feel that the recent run to $11k was nothing but to show that the bulls are still around, just waiting for the correct opportunity for a push. Neither the bulls or bears are in control right now, so it's truly hard to determine what direction will we be taking in the coming weeks. The recent positive news didn't really help bitcoin to go for a push; it's still left hovering over and under $10k for quite a few days now. Momentum from both sides aren't present, so I'm still eyeing on lifeless weks ahead.

I feel the push will happen in the middle of this year .. because this is the impact of the price turbulence is very significant .. of course we all know in the end of 2017 bitcoin prices are very spectacular ,, and I feel that we would be more appropriate to go in altcoin

[richardsNY]

These times are great for people looking to accumulate coins over a longer period of time around more or less the same levels.

Same here. I was actually quite surprised to see the price break through $10k that easily. My plan was to use the funds left from securing profits last year, to keep buying below $10k for a good while, but the quick recovery spoiled my sub $10k sale shopping spree. I just bought myself some coins, and plan to buy another batch once the price dips further. My guess is that if $9500 breaks, we'll be up for a test of the $9k level, and if that level doesn't hold, then sub $8500 will be the next target. It's a little bit early to speculate about a further decline, but it's not impossible without any new developments as you pointed out as well. Either way, having fiat aside that you can put into action is always the best feeling in these situations.

[darkangel11]

seems it is going like 2014 now , the market is take control by bear now .  we have to wait for another 2 years until the next halving.

Haha nope, nothing even close to that is happening now. 2014 was so full of FUD and the GOX aftermath that it caused a lot of mining operations to go under. People lost so much money that many of them gave up completely. It was a year of crap that later created another year of crap (2015) with all the slik road auctions, jailed bitcoiners, and no acceptance or support from any country. Now we're in a completely different market where most people are certain that this is going to be big in the near future. Even people from Paypal are saying that BTC is changing finances. No long bear trend this time. We'll either go up from this 9-10k level or go back down to ~7k to confirm the bottom once again and launch from there.

[Tankdestroyer]

seems it is going like 2014 now , the market is take control by bear now .  we have to wait for another 2 years until the next halving.

Nice picture you got there but I agree that we will start seeing a bearish market soon if buy supports has been broken. Still, I believe that the bearish trend would not last because btc today is different than it was in 2014. Unlike at that time, bitcoin has been legalized in some countries that helps in generating the demand(buy force) needed to counter the selling of others who wants to take profit.

[aardvark15]

Though price reaches to al low as $9.9K, price still gets well supported above 10K, if BTC can't break upwards, is it gathering momentum and get itself ready for next round of uptrend?

Feel free to leave your comments below.

I think there will eventually be a big breakout once the price stops at a support level. The charting experts can shed more light on what price that will be and when that could happen. I think it is inevitable though that at some point, there will be a lot of momentum upward. It could take a few months to get to that point so we just have to be patient and hold or even buy.

[pooya87]

seems it is going like 2014 now , the market is take control by bear now .  we have to wait for another 2 years until the next halving.

[im g]https://i.imgur.com/L0tsRMq.jpg[/img]

That may be the case.  We had a long period of stagnation before the last halving so this is plausible.

The next halving though I see it going 10X plus what it is now.

Two years though. 

Two long years...

i disagree because you are basically saying that in the next two years nothing positive is going to happen to bitcoin and there will be no rises for that time without saying why and that doesn't make any sense to me. bitcoin is not in a bad place to go into a very long bear market and not come out of it.

[yonjitsu]

Uptrend is coming after this recent slide of bitcoin most especially if people have already learned in the past the significance of hodling their crypto assets during times like this. With less people who panic sell their crypto assets, there is a big possibility that it's not hard for bitcoin to rise again and reach new high value.