BTC Struggling to Reach Over 9K

[coolcoinz]

When the value grows a lot in a week or 2 there are always people trying to take profit and sell and they usually use some round numbers like 8000 9000 and so on as their exit points. Such attitude creates psychological barriers at thich the price stops and the exchange takes place. People who had enough sell to take profit and newcomers buy to hold throughout the next stage. It's always like that, Bitcoin is not struggling, it's preparing to go up again.

[1714694836]

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[1714694836]

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[hurry_hore]

0.1 Bitcoin = $850. Who can buy ??

when the price was $ 20,000, how would you think that we reach this price if no one was buying? and obviously many people are buying, this is because bitcoin are limited and there is a lot of demand and as the days, months and years pass more demand we will have and we will have little supply and this will cause the price to increase a lot, have a coffee and watch the markets.

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

we are not having big increases in the price because of regulation, just see this:

Central Bank Of Iran Bans Banks From Crypto Dealings

Macau Monetary Authority Issues Warning On Crypto Following Criminal Ties To ICO

these things are happening at the same time in many places, so this year will be different from the other years, the price will not increase and increase as in the past years.

I think technically had been analyzed that strong resistance is standing now on 9000 USD from previous 7000 USD and with the news you shared I believe it is inline. So here is my conclusion for both technical and fundamental analysis:
1. Technical analysis as now is entering long run bullish by try to cross MA 200,150,100 in value around 9000-9200 USD and this figures as strong resistance as said also by fibonacce.
2. Fundamental analysis by seeing the news of Iran Bank and Macau Monetary Authority, this prevent psychologically to buy BTC in the market with coincident to price at around 9000 USD. I think this news will not as big as entering of "Giant" people/group into cryptospace such as George Soros and others last several weeks then trend for bullish is still higher.
Combined together 2 above market is being tested their willingness to buy for next long run bullish of BTC price at least for 12.000 next resistance as new psychological value to ascending trend.

[Vannie12]

I think there is no reason to pressure the market. Slow growth definitely means it is healthy and every step is having a strong support. Instant growth is dangerous and risky for those new investors especially if they will be caught between the lines and just experienced FOMO at the time they invested.
Some people are just trying to pump it easy to earn quick bucks. Lest us just wait for more developments and along side with it is a growth that gives us good value of crypto coins.

[ivrynx]

If you look at the charts in past few days, we might see that bitcoin is not breaching the 9000 usd msrk yet, but that doesn't mean that bitcoin will not go over 9000 usd again, this is the nature of the market, there is resistance and support, the support that we have now is arou f 8,500 -8,700 and the resistance is aboy 9000 usd, and once we break the resistance anothe bull run will take effect, I do not see the market struggling to break the 9000 usd, everything we see in the chart is now normal, a much morr stable price or movement for bitcoin, we should just assume that something is happening or believe in FUDs, always update yourself, there is always a reason for the chart movement.

[catapult]

When the value grows a lot in a week or 2 there are always people trying to take profit and sell and they usually use some round numbers like 8000 9000 and so on as their exit points. Such attitude creates psychological barriers at thich the price stops and the exchange takes place. People who had enough sell to take profit and newcomers buy to hold throughout the next stage. It's always like that, Bitcoin is not struggling, it's preparing to go up again.

I also think like that. According to my observations on the price charts, I think many traders have obsessions to 8000 - 9000 - 10000 levels.

I hope that we will see bitcoin's price much more higher in a near future.

[Liternyy]

we expect that the minimum price for bitcoin will reach 9,000 dollars, and we will be aggressive buyers at this level. We consider this level as the greatest opportunity to buy in 2018.

[gabbie2010]

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

This shows that probably the resistance at $9K is very strong a pointer to that effect is that whenever the price enters that zone it retraces and again the same scenario repeat itself I am very optimistic that a positive fundamental news will break the resistance an possibly push up the price.

[Coin-1]

I am not astonished that BTC is struggling to reach over $9000. There are the resistance level, because the investors who bought Bitcoin for $20000 sell their crypto currency as soon as the first pumping occurs on the crypto exchange markets. Merely they are tired to wait for returning of the price to the high levels. I guess that BTC will slowly overcome $9000 in the near future in spite of this resistance.

[mangkanor]

Because most of the people are cashing out,selling their coin with these value really sucks which is why the bitcoin's resistance wont break because the resistances from these sellers are too much for the buyers that is why the price still dumping while we have strong bulls but it wont last for long as the bulls are going to be much bigger anytime from now.

[ivankoh]

Yes. It is true that BTC prices have rebounded during this time but we can see that their prices can not rise above $ 9,000. I just saw the speed of the BCH increase sharply. BTC may only reach that level and can not increase, perhaps because the BTC is now more competitive than other coin.

[nazaididuan1]

The recent market is not very good news, there is no bad news, this causes BTC price to stabilize!

BTC got some resistance around $8,900!

If you break through this resistance, it will soon rise to more than $10,000!

[babyaia]

Bitcoin will reach at least $9000k in the next day.I think the low price is cause by the negative news about bit coin.

[cryptocue]

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 dot think its because most of the people are tired of waiting for the $10k breakouts which is why most of the people have sold their coins with the current amount of bitcoin,because $10k is a psychological resistance that is why most of the people are going to sell at that point which is going to be a good timing to sell all of our coins.

[lumeire]

Let's just hope this breakout isn't an impending bull trap, because it kinda looks like one to me. Pretty skeptical about stuff but you can never be wrong being careful.

[MintCondition]

Let's just hope this breakout isn't an impending bull trap, because it kinda looks like one to me. Pretty skeptical about stuff but you can never be wrong being careful.

The slower the movement is, much better it seems for we might see a much stable price, let's just hope whales will not do cash out when it reach that amount.

[ralle14]

Let's just hope this breakout isn't an impending bull trap, because it kinda looks like one to me. Pretty skeptical about stuff but you can never be wrong being careful.

The slower the movement is, much better it seems for we might see a much stable price, let's just hope whales will not do cash out when it reach that amount.

Only time will tell if it's a trap or not. We could be experiencing the same thing as last year. The price is so stable during this time I think the price hovered around $1,000- $2,000 before it went upwards. This could be the last time we see Bitcoin below the $10k mark. The only person i'm worried about is the mt gox trustee that person might start dumping in the next few months.

[motoprose]

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?

[thecodebear]

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?

Yup it has made the next jump up, as it has done a few times in the past two weeks.

[Edwardard]

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.

[buwaytress]

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.