BTC almost break 10k

[richardsNY]

Bitcoin price will be at 30k$ for this year better to wait if you want to get a good profit, bitcoin can go up slowly and reach 30k$ before the end of this year. I am patiently waiting and i believed on that.

May I know what your believe of $30,000 this year is based on? I'm not saying it won't happen, but there has to be a reason for someone to think that the price will shoot up that far this year. If it's based on articles you read and "experts" saying so, then that's not really a good foundation to build confidence on. The thing this market has been pointing out is that when the mass expects the market to increase further, it goes back down, and when a further decline is expected, it goes back up. I of course hope that current situation is different, but we shouldn't be surprised if we do actually end up going down -- reaching the $10,000 level will be an important event breaking that cycle....

[MiF]

The next target for bitcoin will be 11,000$.Last year the price of bitcoin is reach 19,000$ and start to reduce due to some factors.In April the price of bitcoin reduced to 6500$ and after the exit of many FUD and fake news ,the price of bitcoin is started to raise again steady.

The people was really affected by FUD and fake news but after all it has come to a point that, they are gaining back their trust with bitcoin even though those last two months is a struggle. No assurance brought many investors to panic, but it doesn't mean holders will stop with their principles of self control and determinations. That $11k or more than $19k can be achieved with a deep purpose as long as we definitely not lose our grip, and everybody must keep ignoring those negative publicity so that we may be able to sustain for the future profitable gains associated with our goals. So as we witness the price stability, I think patience is needed in order for us to survive until the price spikes up to highest value in exact time.

[XinXan]

10k has proven to be a tough resistance point but another try it's not out of the cards yet. We are still forming higher lows on the daily charts, for the trend to switch bearish we will have to see a higher low, lower high and then eventually a lower low. Until then bulls are still in control and they are buying the dips.

[Vaskiy]

10k has proven to be a tough resistance point but another try it's not out of the cards yet. We are still forming higher lows on the daily charts, for the trend to switch bearish we will have to see a higher low, lower high and then eventually a lower low. Until then bulls are still in control and they are buying the dips.

Agreed, and it has been gaining resistance in a full-fledged manner to pump the price cross the $10000 tag. Possibly this will take place within few days time, if the market supports. As in the statement bulls try to manipulate for their need to invest at a lower price. Hope, this gets retained.

[Superzpay]

BTC almost break 10k now what will be next ?

Bitcoin price will be at 30k$ for this year better to wait if you want to get a good profit, bitcoin can go up slowly and reach 30k$ before the end of this year. I am patiently waiting and i believed on that.

Yeah just leave the price of bitcoin to increase openly and the price of it to reach to $15000 or more then after a week or two in that time the price of bitcoin will reach to $30000, and it is also expected by the experts that this will happen in this June of this year. So get ready for that time. It is still early you can triple your money.

[figmentofmyass]

Just almost but then the price pulled back. Currently I don't have the feeling that Bitcoin will now cross this magic line of 10000$.

eerily reminiscent of the action at the $19,891 top, isn't it?! bitcoin loves to undershoot targets: everyone expects $10k? let's fail just a little bit before, just to fuck with the market!

Probably it will continue to fluctuate somwhere between 9000$ and 10000$ for a while.

if the bears retain momentum from the last couple days and push into the $8000s, this is gonna start looking like a big bearish triangle on the daily chart.

We are still forming higher lows on the daily charts, for the trend to switch bearish we will have to see a higher low, lower high and then eventually a lower low.

we do potentially have a lower high in place ($9990). so we should be on the lookout for bear power that threatens new lows. time to pay attention!

[magneto]

BTC almost break 10k now what will be next ?

The thing is that we have experienced major pullbacks every time the price was able to get close to $10k. Every single time that it almost broke $10k, there is a small correction that pulls prices down to the mid to low $9000s.

What will be next? I mean, I personally think that even if BTC does break $10k, the chances of all of a sudden the markets turning fully bullish and the next bull market comes straightaway is pretty slim.

I feel like we may start a pretty major correction if we aren't able to break that 5 digit mark soon, and consolidate for at least a few months before the next bull market is able to swing by.

[pooya87]

there is a nice increase in the lowest lows that each time we see. it is safe to say that there is a good momentum shaping up but unfortunately it seems like some people don't want to see the rise above $10k (and possibly a surge afterwards because of the breakout), so they keep on preventing it from happening and as always we also have the day traders who keep on buying and selling in this small area to make tiny profit (2-5%) every couple of days which is also making it tough to rise.

[BigBos]

well, actually a few days ago, bitcoin prices really barely passed that boundary again. but somehow what happens, the bitcoin price suddenly almost becomes $ 8k. well, but now the price is starting up again, hopefully the price can go back past $ 10k.

[airdagon]

well, actually a few days ago, bitcoin prices really barely passed that boundary again. but somehow what happens, the bitcoin price suddenly almost becomes $ 8k. well, but now the price is starting up again, hopefully the price can go back past $ 10k.

surely in the near future the price will soon pass through or break the number in the $ 10,000 number back. actually the fluctuations that occurred yesterday can still be said normal and no signs of danger like, dump suddenly again. we just need to be patient and reassure other users with positive news so that they do not continue to panic seeing fluctuations like this.

[Idrisu]

That is good and we hope it will remain above $10,000 from now till the end of this year as it seemed the bullish trend has commence when bitcoin touch $6750. The price is currently at $9,356 and we are going to see another price directions very soon as we have be around this area through out yesterday and this morning.  Opportunities are plenty there for swing traders and we would have some corrections along the lines as we make some progress.

[laluna24]

well, actually a few days ago, bitcoin prices really barely passed that boundary again. but somehow what happens, the bitcoin price suddenly almost becomes $ 8k. well, but now the price is starting up again, hopefully the price can go back past $ 10k.

Bitcoin almost break $10k and good to wait patiently to increase. Since the price were unstable yet being positive could help to hold for our btc. This year btc could go up increase again, we just need to be patient.

[Pursuer]

That is good and we hope it will remain above $10,000 from now till the end of this year as it seemed the bullish trend has commence when bitcoin touch $6750. The price is currently at $9,356 and we are going to see another price directions very soon as we have be around this area through out yesterday and this morning.  Opportunities are plenty there for swing traders and we would have some corrections along the lines as we make some progress.

if it doesn't go below $9300 then we can consider this as the new bottom, and so far it has been resisting pretty strongly. and considering how the previous bottoms of each cycle has been increasing a little each time we can conclude that that there is a nice buy support still there wanting to buy up the price and bring it up above $10k level.
with that said I believe next time we test $10k it will be broken easily.

[avp2306]

That is good and we hope it will remain above $10,000 from now till the end of this year as it seemed the bullish trend has commence when bitcoin touch $6750. The price is currently at $9,356 and we are going to see another price directions very soon as we have be around this area through out yesterday and this morning.  Opportunities are plenty there for swing traders and we would have some corrections along the lines as we make some progress.

if it doesn't go below $9300 then we can consider this as the new bottom, and so far it has been resisting pretty strongly. and considering how the previous bottoms of each cycle has been increasing a little each time we can conclude that that there is a nice buy support still there wanting to buy up the price and bring it up above $10k level.
with that said I believe next time we test $10k it will be broken easily.

Maybe bitcoins just taking a deep breath before it go pump more like we experience before, But let's just see on how things will go with bitcoins right now since as I see there's so many pump dump happening on it and since the price go closer at $10k price on last week then provably there's a series of upcoming pump will happen on next consecutive months.

[timerland]

BTC almost break 10k now what will be next ?

To me, I believe we most likely will still hang around the current level for a while. The support is undoubtedly still going to be pretty high, probably at around $9k, and obviously you got the ceiling at $10k that seems to be impenetrable at least for now.

I think that after we consolidate a bit at $9k or so, we will re-test the $10k level again. If that attempt isn't successful then I think there will probably be a pretty sizable correction coming our way, perhaps even going under $8k.

But right now, for the coming days, expect sideways movement. Prices got sent back again yesterday due to the strong resistance, it's really proving to be a huge sell wall right now.

[XinXan]

Now it's fighting at 9k and if it holds we will see another go at 10k. The key support level is at 8.8k if we lose that we are in full bear mode. We are approaching a 4 hour below 30 RSI so we could see some bounce soon but it definitely looks rough for the bulls now.

[Harlot]

Now it's fighting at 9k and if it holds we will see another go at 10k. The key support level is at 8.8k if we lose that we are in full bear mode. We are approaching a 4 hour below 30 RSI so we could see some bounce soon but it definitely looks rough for the bulls now.

If 8,800$ breaks it doesn't mean that we are in "full bear mode" remember the next support are near that level which is 8,700$ and 8,500$ breaking down 8,800$ would only mean a support in these levels. But we still need to remember that we barely even broke the down trend channel when we quickly go down from 9,700$ so technically we are still bearish with Bitcoin. Also remember that RSI is extremely oversold which means that a lot of people have sold their position, a buy back would be nearing sooner rather than later as what you think.

[buwaytress]

there is a nice increase in the lowest lows that each time we see. it is safe to say that there is a good momentum shaping up but unfortunately it seems like some people don't want to see the rise above $10k (and possibly a surge afterwards because of the breakout), so they keep on preventing it from happening and as always we also have the day traders who keep on buying and selling in this small area to make tiny profit (2-5%) every couple of days which is also making it tough to rise.

That's right, it's what I've been noticing now. The charts don't really help psychologically when everything is displayed in red, but there's been a distinct refusal for Bitcoin to go lower than previous lows each pullback we're seeing.

I was wrong about $10k no longer being the psychological threshold though, I'd have expected people to push through that and see 11 and 12k as the more psychological limits, having bought in close to 10k. But it does seem to be as strong as ever, and since it was hardly tested outside of Asian markets, we're bound to see several attempts at least before breakout's achieved.

Credit to those always making 5% or so every few days. Too risky for me to attempt.

[harizen]

There are technical experts here wherein their analyzation are just came up in a short duration period of timeframe.

Doesn't make sense because how come we can just state a price level as strongpoint/resistance/support level within just a less than a day monitoring. The real support and resistance will just see after some quiet or within that level there are lots of action between the bears and the bulls. And to add for that, any technical analysis can be spoiled so I think we don't need to go through deeply about charting especially if we are talking about the current price behaviour.

So what's next? Maybe going up or going down, who knows? What matters here is, we can ride any trend that we will encounter on the way.

[khaled0111]

No one knows what will happen next.
In the long term, after five or six months I expect Bitcoin to go over 20k dollars but during this month and the next I believe that Bitcoin price will stay between 11k and 9k.
This is what happened last year and I think it will be the same for this year.