BTC Struggling to Reach Over 9K

[Febo]

https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team

If many sell that is only healthy. Problem s when no one sells and they just hold since they are afraid price will go up and up and up as it happened a t end of last year, then price gained value fast. way to fast and it went way to high. This smaller price growths are way better and healthier.

[1713537241]

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[timerland]

https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team

There were indeed some strong resistance at $9k. BTC did test that level a few times before it finally breached it. It's not very surprising that after bitcoin hit $9k, it jumped to $9.2k straightaway, as that's what happens when a strong resistance tumbles. Markets tend to overshoot.

But now that it's crossed it, I think there is some serious hurdles to get through at near $10k. Personally, I can see a correction happening very soon despite the fact that the market sentiment seems incredibly bullish at the moment.

It just doesn't seem like this growth can be kept on for too long. I could be wrong, and bitcoin does hit $10k, in which case it'll probably go to at least $10500. But a correction is definitely due at this stage of the rally, so do be careful trying to flip for a quick profit in the short run.

[--DarkSecrets--]

https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team

There were indeed some strong resistance at $9k. BTC did test that level a few times before it finally breached it. It's not very surprising that after bitcoin hit $9k, it jumped to $9.2k straightaway, as that's what happens when a strong resistance tumbles. Markets tend to overshoot.

But now that it's crossed it, I think there is some serious hurdles to get through at near $10k. Personally, I can see a correction happening very soon despite the fact that the market sentiment seems incredibly bullish at the moment.

It just doesn't seem like this growth can be kept on for too long. I could be wrong, and bitcoin does hit $10k, in which case it'll probably go to at least $10500. But a correction is definitely due at this stage of the rally, so do be careful trying to flip for a quick profit in the short run.

I think you're wrong and we are seeing the correction just at a slower speed than usual, the correction is just higher than what people are expecting. A bull run is definitely on the table as well, I do think $10k will be the hardest barrier to break though.

Currently with that bearish momentum is already gone but a market will still need to correct and i have strong Technical analysis in my own that it will be gonna drop by 9,200 then to continue its uptrend in this road to $10,000 there is too many resistance on here and i might be thinking that it will not pass 10k on this april.

[trako]

BitCoin sees this 9k line this month. and may stagnate in May.

[Alpinat]

Ofcourse bitcoin will be difficult to to reach over 9k$ because of the people who are worrying that the value of bitcoin will be over down again and they keep selling their bitcoins even the value increases. It is just the beginning of bitcoin rising for sure.

[lumeire]

Just watched it live from go from $8940 reaching all the way up $9200 in less than 10 minutes while I was trading some alt coins.
What is going on now?

Aye indeed, woke up early today to this somewhat pleasant surprise, actually only thought to check as aome other coin I was selling had hit another high after months. Guessed it must have been Bitcoin influence and was right. Huge jump, considering the 9k resistance, my guess is Asian appetite just woke up and needed some satiating.

Timing couldn't be better for a sustained run to 11k to still make a typical spring renewal... now let's see if it holds for  at least 24 hours.

It's gonna sustain the momentum I believe, as it's been suppressed long enough. The question now is how high this run can go, and if it can bring about new highs.

[okala]

But it has stresslessly break through that level today and since in the afternoon it has been making an effort to break above  $9,500. The bull run has commenced and the best things to do now is buying. If you have not sell your I will advise that you should hold.

[cellard]

We have been out of the bear trend for a while now guys... you can expect $12k-13k, around that area we may be stuck for a long time if we don't get our shit together quick. Im going to be monitoring the price but I will not stress over lower prices than $5900 which in my opinion was the bottom and we aren't going to be lower than that ever again.

If we can sustain above $10k for a long enough period of time I can see FOMO'ing to $30k since investors may assume we will never go below $10k ever again, and at some point that will be a fact.

 

[liamnorthcoins]

https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team

I believe bitcoin will reach 9k before the end of this month and possible higher to that the market value is actually increase and this is a good sign of price movement upward. With this positive movement many will surely invest and join the bitcoin cryptomania!

[Pearls Before Swine]

$9000 has been reached, yay, but we've still got a looong way to go before we're even near the ATH.  But yes, I have to share the joy that we're finally out of the range we've been stuck in.  $6500 or whatever was the dip was deflating.  And it was a slow, death of 1000 cuts, type of torture while getting there.  What I'm hoping is that this isn't a dead cat bounce, that bitcoin isn't going to drop even lower after the suckers have been shaken from the tree.  We'll see.  Celebrate while the champagne is cold, I guess.

[darewaller]

Just watched it live from go from $8940 reaching all the way up $9200 in less than 10 minutes while I was trading some alt coins.
What is going on now?

Expect the unexpected.

That is just the word. Always expect the unexpected. The thing with bitcoin is that it is full of surprises and you should not relax even if technical analysis is even trying to give you some other information and then it ends up not being so. This is a highly volatile market and most times, we just have to be able to find a way to blend with the trend and expect that anything can happen at any point in time.

Hopefully we are about to enter a new era with the bulls but who knows, anything can still happen the other way as well.

[BUK2016]

The struggle for bitcoin to break $9,000 resistance is over as its value is currently above $9,500 and so many people believe that $10,000 is the next target though I believe $15,000 is the target if all things are equal.   

[Armstand]

The struggle for bitcoin to break $9,000 resistance is over as its value is currently above $9,500 and so many people believe that $10,000 is the next target though I believe $15,000 is the target if all things are equal.   

Even it will not reach that amount fast, it is much safer as we see it to be stable, some were still in denial stage of whether to sell it or hold till it makes a bull run again. Struggle is real but we should keep holding if we don't have plan to convert it in fiat.

[richmcrich]

https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team

If many sell that is only healthy. Problem s when no one sells and they just hold since they are afraid price will go up and up and up as it happened a t end of last year, then price gained value fast. way to fast and it went way to high. This smaller price growths are way better and healthier.

Bitcoin has proved it yesterday as the price grown up from 8.9k dollar to 9.1k dollar that hit over 9k dollar and now today if we search the price in search engine tell us the further increased value that is 9.35k dollar which is over 9k dollar so the overall price is increasing and there is a great probability that Bitcoin can lead onto its previous longest jump.

[Kemarit]

The struggle for bitcoin to break $9,000 resistance is over as its value is currently above $9,500 and so many people believe that $10,000 is the next target though I believe $15,000 is the target if all things are equal.   

But after hitting $9500, the price makes another correction to $9200. So it looks like as we hit another milestone of $10,000, $12,000, $14,000 there might be correction that need to overcome before we get to $15,000. Good thing though is that the market remains very bullish and it looks like there are significant interest again.

$9000 has been reached, yay, but we've still got a looong way to go before we're even near the ATH.  But yes, I have to share the joy that we're finally out of the range we've been stuck in.  $6500 or whatever was the dip was deflating.  And it was a slow, death of 1000 cuts, type of torture while getting there.  What I'm hoping is that this isn't a dead cat bounce, that bitcoin isn't going to drop even lower after the suckers have been shaken from the tree.  We'll see.  Celebrate while the champagne is cold, I guess.

I wouldn't be celebrating, not yet, unless we cross and sustain $10000 levels. $6500 is the last bottom we got and we need away from it to at least breathe a sign of relief or even declare that we are out of the woods. $10000 to $12000 will be a good gauge in my opinion. But it is still a long way to go, and I would rather see us takes baby steps instead of like seeing a article pump again just like the December madness.

[bitbunnny]

Seems like it will continue to struggle. At the moment it was around 9500$ but now it's going back again. To be honest I don't expect to go much further this month and it probably will not touch 10000$ any time soon.
This correction lasts a long period now but it was kind of logical situation after huge rise at the end of last year.
But once we break 10000$, hope next month doors for further growth will be more open.

[el kaka22]

Just watched it live from go from $8940 reaching all the way up $9200 in less than 10 minutes while I was trading some alt coins.

That is always the thing with bitcoin. You should always expect some moves in the market even when you do not see it coming. So far, the bulls have really been having a good time with the market and with the way things have been going, this may actually be a market about to go test the $10k resistance and we have to see how we are going to be acting on that one. It is a good thing to see the market acting this way though as that shows some promising level in a matter of time.

What is going on now?

Bitcoin prices are falling down right now I believe the strong support zone around $8600 will hold up which may trigger the bullish trend toward $9800 levels in coming days hence we may expect testing $10k levels by first week of May month.

[lumeire]

Seems like it will continue to struggle. At the moment it was around 9500$ but now it's going back again. To be honest I don't expect to go much further this month and it probably will not touch 10000$ any time soon.
This correction lasts a long period now but it was kind of logical situation after huge rise at the end of last year.
But once we break 10000$, hope next month doors for further growth will be more open.

It's probably the last major resistance before $10k, so hopefully once it's broken it's gonna reach new all time highs. Although leveling there and making it a new baseline seems more realistic.

[KennyR]

Seems like it will continue to struggle. At the moment it was around 9500$ but now it's going back again. To be honest I don't expect to go much further this month and it probably will not touch 10000$ any time soon.
This correction lasts a long period now but it was kind of logical situation after huge rise at the end of last year.
But once we break 10000$, hope next month doors for further growth will be more open.

It's probably the last major resistance before $10k, so hopefully once it's broken it's gonna reach new all time highs. Although leveling there and making it a new baseline seems more realistic.

As stated it could reach new ath. Now with the present drop we can see some of the panic users ending up selling all their bitcoin holdings. The same will be used as an chance to invest by this time. The ongoing corrective measures will start moving above $10000 within few weeks time.

[Febo]

https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team

If many sell that is only healthy. Problem s when no one sells and they just hold since they are afraid price will go up and up and up as it happened a t end of last year, then price gained value fast. way to fast and it went way to high. This smaller price growths are way better and healthier.

Bitcoin has proved it yesterday as the price grown up from 8.9k dollar to 9.1k dollar that hit over 9k dollar and now today if we search the price in search engine tell us the further increased value that is 9.35k dollar which is over 9k dollar so the overall price is increasing and there is a great probability that Bitcoin can lead onto its previous longest jump.

Yes it could, unless it will have a pullback and retrace to some lower level.  Price last 3 weeks steadily increase. But it is impossible to expect that that can happen without ending. Longer time price for Bitcoin will gor and stronger it will grow, stronger will be this pullbacks.  What happened today was expected and super positive for Bitcoin.