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Author Topic: [2018-04-25] $10K on Hold As Bitcoin Sees Price Pullback  (Read 24 times)
Greenkarki
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April 25, 2018, 10:19:05 PM
 #1

Having rallied more than 50 percent this month, bitcoin is now witnessing a pullback.

The cryptocurrency rose to $9,767 on Bitfinex earlier today - the highest level since March 12 - before falling back to $9,100. As of writing, bitcoin (BTC) is changing hands at $9,125.

The 6.8 percent drop from the intraday highs signals bullish exhaustion near the gradually ascending (bullish biased) 200-day moving average (MA) at $9,835. Furthermore, the 4-hour chart below shows scope for a deeper pullback ahead.

https://www.coindesk.com/10k-on-hold-as-bitcoin-sees-price-pullback/

Hope the value starts growing up steadily like past few days?



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April 25, 2018, 10:25:52 PM
 #2

Yeah, I think the rally has top 70% this month so that's a lot already. So I'm expecting some minor pullbacks which happens and it seems the price is hovering at $9K a pop. Let's see if this price holds and offer some resistance, otherwise it can go down around $8200-$8500 before seeing another dramatic rise to test the $10K mark.

No need to panic though and push the sell button. Just continue to hodl as the next month can bring another bullish trend for all of us and even can go as high as $11K-$12K. Exciting time is ahead so stay focus and not to worried to much is you see the price and the market going red again for a couple of days.

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BitHodler
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April 25, 2018, 11:28:05 PM
 #3

I am fairly sure that if we would have gone through the $10,000 mark, the price would pump pretty easily towards $11,000 and up due to the strong but speculative buying power. It wouldn't be sustainable, but a peak is a peak.

Smart traders would have made quite some profit in a very short period of time. I think it will take a day or two to fuel up for another attempt, but won't be surprised if we yet again don't make it beyond the $10,000 mark.

I missed the opportunity to secure some profits and buy back yesterday, but I'll keep an eye on the market right now. These are usually the opportunities I aim for, because in most cases the result is always the same.

Psychological barriers are money makers because of how much weight they hold when the price fails to break that level, or when it does manage to break it. In both cases a sharp pump or dump follows.

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April 26, 2018, 01:57:38 PM
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Having rallied more than 50 percent this month, bitcoin is now witnessing a pullback.

really was something very incredible, this make many people who were desperate because the price is falling every day  calming down and become optimistic about the future, just see that even the guys who like to make predictions of future prices have decided to appear.

The cryptocurrency rose to $9,767 on Bitfinex earlier today - the highest level since March 12 - before falling back to $9,100. As of writing, bitcoin (BTC) is changing hands at $9,125.

now fell to less than $8900 and is struggling to climb to the  $9000, in a few months we will probably reach $12000 or more that this price is a dangerous market and requires people to be patient and not create high expectations

Hope the value starts growing up steadily like past few days?

This is very difficult to say, because no one can say how many people are actually buying bitcoin every day, I mean how much fresh money is coming in every day? This is difficult to know, so we can not think that the price will increase every day

I am fairly sure that if we would have gone through the $10,000 mark, the price would pump pretty easily towards $11,000...

I agree

$10.000 has become a "psychological barrier" I like that number "$10.000" and being honest, I do not imagine that someday I would see the price below $10.000



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April 26, 2018, 04:14:22 PM
 #5

As soon as bitcoin started to approach the $ 10,000 mark, the volumes on the exchanges began to grow. Now the volumes have fallen again.
My opinion is that people with big money wanted to shake the market. Since there are no prerequisites for market growth yet. That is, there are no prerequisites for injecting new money.

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