Bitcoin is taking a breath

[crzy]

Although the price is not up yet, but I think it will soon move up, and the current stable price is good for buying and holding.

Yep, it will continue to soar high his year. So better to wait for that moment, than to missed the train.

It's true that the trip to $ 10,000 is currently a little slow and steady, but I think in the near future it will surely pass the price fence up.

It's a hell of a strong mental barrier, that or we are at a new range of normal with the current price being the 9000 range and slowing growing.

Its ok to move slowly because in the long run, it will surely go higher. The price are playing around $9k level but I think there's a strong support that can help the price to go up high.

[1713592450]

1713592450

[Fulmand]

It's a normal and mini correction that it has to get through.

More likely the $10,000 will be reached by this month

We are starting this month of May and that's possible and likely to happen that we'll see it very soon bitcoin hits $10,000 as it's trying to stabilize now at $8,500 - $9,000.

Yes i think so too. This 9k barrier is the only hindrance but once we break through this I think we will have a continous ascending of price. Many investors are still reluctant and careful that this rise maybe a trap or could go down in a blink but i dont think this is a trap this is actually a good sign that the cryptocurrency is booming and going for a lively market.

[normanz]

The crypto-currencies showcase is grabbing a seat today after a solid run-up. Bitcoin is holding in the $9,300 territory at mid-morning subsequent to ascending as high as $9,500. The subtle $10,000 hindrance is in locate, however the walk towards it continues getting slowed down by anxious speculator pullbacks.

Although bitcoin runs slowly to 10k, but I think bitcoin will soon reach it, and even bitcoin will soon pass 10k in the near future.

[batang_bitcoin]

It's a normal and mini correction that it has to get through.

More likely the $10,000 will be reached by this month

We are starting this month of May and that's possible and likely to happen that we'll see it very soon bitcoin hits $10,000 as it's trying to stabilize now at $8,500 - $9,000.

Yes i think so too. This 9k barrier is the only hindrance but once we break through this I think we will have a continous ascending of price. Many investors are still reluctant and careful that this rise maybe a trap or could go down in a blink but i dont think this is a trap this is actually a good sign that the cryptocurrency is booming and going for a lively market.

If they are thinking that this is still a trap, they have to move on. If this has been a trap then we went back to $6,000 during the last correction but it didn't. The movement is in slow pace but I'm not hasty and rushing to see a quick dump after a rapid pump.

Although bitcoin runs slowly to 10k, but I think bitcoin will soon reach it, and even bitcoin will soon pass 10k in the near future.

It will be there again soon but we don't know on what's the exact day and time. We just have to depend on daily demand and look for long term gains.

[el kaka22]

This 9k barrier is the only hindrance but once we break through this I think we will have a continous ascending of price. Many investors are still reluctant and careful that this rise maybe a trap or could go down in a blink but i dont think this is a trap this is actually a good sign that the cryptocurrency is booming and going for a lively market.

Looking at the impulsive nature of the movement, it is just simply a correction which I believe as it is, we should not even be scared about as we will definitely go test the $10k spot from there since we actually hit past the $9000 already towards it.

After this corrective movement, we should get to see another momentum build up for that and by then, I guess we should have some pretty good fun however it turns out. Consolidating periods are usually launch the market toward next big bull rally. If we read the charts, we can find such zone happening well before any big bullish movements.

[BitcoinNewbie15]

it takes about 2 months for bitcoin to drop from all time high ($ 20k) to the lowest point (about $ 5k). Within 2 months it is enough to give big trauma for most traders. This is because the bitcoin drops to about -70% of its peak value. Even today, there are still many people who are still in a loss because buying bitcoin above $ 10k. Surely this will affect the process of recovering from bitcoin.

Yeah, many people are at losses. Gotta hodl out the crashes and just ride the roller coaster. I do think Bitcoin will recover long term, but I am surprised to see how much it has gone up recently.

[airdagon]

Be calm, sir. bitcoin is not breathing, but yes it is taking a square to directly surpass the price of $ 10,000 in May. I think bitcoin always feel up to like surpasses, beyond the previous prices. all of this, of course, needs support and encouragement from us, especially from market pummel, to price quickly and very easily penetrate the numbers we all expect.

[krauzzer02]

Big adaptation, hype, Fomo's and innovations made the bitcoin $20,000 plus the ATH last quarter of the year and it is surprising that it made quite stagnant at the phase of $9,000+ breaking the resistance wall of 10k compared to the last year the same quarter you will realize that the major crash this year is nothing to the improvements it made maintaining that price is quite is fascinating nevertheless the majority of the investors made a decision to hold the majority of their diversified coins while the others are making regular trades.

[magneto]

The crypto-currencies showcase is grabbing a seat today after a solid run-up. Bitcoin is holding in the $9,300 territory at mid-morning subsequent to ascending as high as $9,500. The subtle $10,000 hindrance is in locate, however the walk towards it continues getting slowed down by anxious speculator pullbacks.

There is a lot of people taking their profits at the $9500 level which seems to be the major resistance that is preventing bitcoin going up further in this pump. I've been expecting this ever since this pump started, though.

From a long term holder's point of view, none of this really matters.

From a trader point of view, though, this isn't the start of a new bull market that people may be looking for because there just hasn't been enough time for prices to consolidate yet after the previous huge bull market. And with just one small rally, people seems to be back to buying irrationally due to FOMO again. That's obviously never a good time to enter the market for the short term.

[rickadone]

it takes about 2 months for bitcoin to drop from all time high ($ 20k) to the lowest point (about $ 5k). Within 2 months it is enough to give big trauma for most traders. This is because the bitcoin drops to about -70% of its peak value. Even today, there are still many people who are still in a loss because buying bitcoin above $ 10k. Surely this will affect the process of recovering from bitcoin.

Yeah, many people are at losses. Gotta hodl out the crashes and just ride the roller coaster. I do think Bitcoin will recover long term, but I am surprised to see how much it has gone up recently.

Let us hope it will do quicker than we we could speculate. The momentum with the spikes on the chart is still pretty good but things are looking a bit bearish from my angle right now. Yes, that would not be immediately as we can get to see bitcoin making this move in coming weeks. I do not know why I am still not convinced yet that we are about to enter a bull market, which I feel mostly that the bears are really somewhere around the corner.

Only those who are mature enough to ride the roller coaster may end up making big returns with bitcoins. Making good return is not an easy task for all of us, we all need to bear the losses until prices do the recovery process. Hopefully, bitcoin will start another marvelous bullish ride in very quick time itself.

[jaocoincrypto18]

The crypto-currencies showcase is grabbing a seat today after a solid run-up. Bitcoin is holding in the $9,300 territory at mid-morning subsequent to ascending as high as $9,500. The subtle $10,000 hindrance is in locate, however the walk towards it continues getting slowed down by anxious speculator pullbacks.

I think the mild corrections before Bitcoin price value will reach the $10,000 is not yet complete so i think we should extend our patience of waiting because if not then we could apply the sell high and buy low strategy as Bitcoin is moving up and down between $8,800 to $9,500 in which in favor of day traders. Hopefully, if the price will start to rise up again and will reach $10,000 then we could expect that the mild correction is over.

[Tigorss]

The crypto-currencies showcase is grabbing a seat today after a solid run-up. Bitcoin is holding in the $9,300 territory at mid-morning subsequent to ascending as high as $9,500. The subtle $10,000 hindrance is in locate, however the walk towards it continues getting slowed down by anxious speculator pullbacks.

if you see such a price better patient patiently first, the price difference is only a little, what if later the difference in price away we have a huge advantage.

[okala]

I think we are now set to see bitcoin moving the way every other assets should move. We are having a predictable price movement and I think bitcoin is gathering a very momentum for future price upward movement.

[mostcrack]

The crypto-currencies showcase is grabbing a seat today after a solid run-up. Bitcoin is holding in the $9,300 territory at mid-morning subsequent to ascending as high as $9,500. The subtle $10,000 hindrance is in locate, however the walk towards it continues getting slowed down by anxious speculator pullbacks.

The current worries will only be experienced by people new to the crypto world, it is uncertain of the current bitcoin incident, perhaps most of the pronunciation raises alarming speculation and may affect others as well, of course whatever happens to crypto does not make me worried, especially with the fall of prices, it opens my chances to buy more reputable coins, believe in something extraordinary in the future or later this year.

[serjent05]

I guess people are now cautious of buying bitcoin becaust they think that price might go down just like what happen in the last few week.  Aside from that, there are lots of holder who are losing patience and slowly unloading their stash.  We have seen it from time to time when Bitcoin is about to take an increase, dump always comes in.  So I guess it will take some time before Bitcoin canbreak the 10k barrier unless there is really a good news that will create FOMO to the investors.

[7788bitcoin]

The crypto-currencies showcase is grabbing a seat today after a solid run-up. Bitcoin is holding in the $9,300 territory at mid-morning subsequent to ascending as high as $9,500. The subtle $10,000 hindrance is in locate, however the walk towards it continues getting slowed down by anxious speculator pullbacks.

It looks like there is a big resistance at $10k and it might take some time to cross that valuation. We need to have some interest in bitcoin so that we could attract investors so that we will have another rally, other than that i like seeing the price being stable and not moving in both directions like we used to see in the past.

[STT]

10,000 is just a round number.   “Only Thing We Have to Fear Is Fear Itself”: FDR

Its not significant outside of perception, reasoning being BTC is global and the number varies everywhere outside USA.    What could matter more before then is momentum and how BTC manages itself from the recent rise:



200 DMA is most obvious area to watch. We are underneath but also I find this 50 MA on 4hr bars roughly matches the recent recovery and we are slightly bearish holding it as resistance so far


Daily moving average is a price that matters because it adjusts and also its correct in every nationality where BTC trades.   A simple nominal number with more zeros then usual is fixed and actually incorrect largely.

[Pasnik]

I think we are now set to see bitcoin moving the way every other assets should move. We are having a predictable price movement and I think bitcoin is gathering a very momentum for future price upward movement.

The price is slowly moving so I think $10k can reach soon. The moves of the market is really in the moment that it might go low or down so unpredictable. It is struggling this time so hopefully it will climb and can pass through to $10k so we can see a bull run moment.

[LastJedi]

Something major is needed to push it over the top of $10,000 and make it stick.

Ethereum had a pretty good push but it is not in relation to bitcoins price cause it did not move an inch when it happened.

[timerland]

The crypto-currencies showcase is grabbing a seat today after a solid run-up. Bitcoin is holding in the $9,300 territory at mid-morning subsequent to ascending as high as $9,500. The subtle $10,000 hindrance is in locate, however the walk towards it continues getting slowed down by anxious speculator pullbacks.

Thing is that we don't know whether bitcoin is going to be able to reach the 5 figure mark during this bull run, or not. If it does, then there is a possibility that bitcoin is able to go up further in the 5 figure range. But the selling pressure at that point is just so strong that we haven't been able to break the resistance, despite multiple tries.

There are no guarantees that bitcoin is going to go down near the previous lows saw in January temporarily, but I think it's likely if we're not able to reach 5 figures during this bull run.

Markets are just not ready to take the next step into a fully bullish market, I don't think. We're still settling down/consolidating from the previous bull market, however you want to call it.