Bitcoin Forum
September 23, 2018, 03:31:58 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2018-05-06]Bitcoin Price Gets Rejected at $10,000 but Uptrend Remains in Place  (Read 32 times)
Karartma1
Legendary
*
Offline Offline

Activity: 1652
Merit: 1063


Be Revolutionary Or Die Trying


View Profile WWW
May 07, 2018, 05:48:44 AM
 #1

Weekends are usually a bit of an awkward period for cryptocurrency trading. This weekend is no different, as all top cryptocurrencies are down for no apparent reason. It seems the Bitcoin price got rejected heavily at $10,000, although this will not be the last attempt to surpass that level.

Read more https://themerkle.com/bitcoin-price-gets-rejected-at-10000-but-uptrend-remains-in-place/

I am not interested in preserving the status quo; I want to overthrow it. Niccolò Machiavelli
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
imsotiredofmoviereboots
Full Member
***
Offline Offline

Activity: 378
Merit: 100



View Profile
May 07, 2018, 06:23:42 AM
 #2

Most people though we are in a bull run and I also believed it was but it's clearly not. I'm so disappointed to see bitcoin that it can't even pass the $10k mark. I guess we are back crashing again.

dE_logics
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500



View Profile
May 08, 2018, 05:07:57 AM
 #3

Most people though we are in a bull run and I also believed it was but it's clearly not. I'm so disappointed to see bitcoin that it can't even pass the $10k mark. I guess we are back crashing again.

I wouldn't panic yet. That is simply the way prices in markets move. Downswings are required to make the upswings.
Qartersa
Hero Member
*****
Offline Offline

Activity: 868
Merit: 535


View Profile
May 08, 2018, 04:45:39 PM
 #4

Its okay. Remember based on data in 2017, Bitcoin only reached the 10,000 USD value around the end of the 3rd quarter. Hence, make no mistake about this- Bitcoin will soon rise. We just have to give it a time. Also, based on the same data, upon surpassing the said value, Bitcoin's price ballooned all of a sudden reaching around 19,000 USD. Hence, as for me, there is no need to put so much pressure in the market right now. It is perhaps too early to say so. Allow the market to bloom on its own while we do our job, that is, holding whatever investments we have at the moment.
stomachgrowls
Hero Member
*****
Offline Offline

Activity: 798
Merit: 516


Crypto-Games.net: Multiple coins, multiple games


View Profile
May 08, 2018, 05:22:43 PM
 #5

Most people though we are in a bull run and I also believed it was but it's clearly not. I'm so disappointed to see bitcoin that it can't even pass the $10k mark. I guess we are back crashing again.
Even I do already believe that we are already on the bull run when we are already hitting up or tend to break the $10k price but it turns out that bulls arent too strong enough to break that resistance level and now we are heading down again to $9100 price and we might able to see again sub 9k price if this gradual decrease would continue. If these price would stabilize for how many weeks or days then we are probably readying up to break that resistance once again. Theres no need to panic.


▄▄▄████████▄▄▄
▄██████████████████▄
▄██████████████████████▄
██████████████████████████
████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
████████████████████████████
██████████████████████████
▀██████████████████████▀
▀██████████████████▀
▀▀▀████████▀▀▀
   ███████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
███████
BTC  ◉PLAY  ◉XMR  ◉DOGE  ◉BCH  ◉STRAT  ◉ETH  ◉GAS  ◉LTC  ◉DASH  ◉PPC
     ▄▄██████████████▄▄
  ▄██████████████████████▄        █████
▄██████████████████████████▄      █████
████ ▄▄▄▄▄ ▄▄▄▄▄▄ ▄▄▄▄▄ ████     ▄██▀
████ █████ ██████ █████ ████    ▄██▀
████ █████ ██████ █████ ████    ██▀
████ █████ ██████ █████ ████    ██
████ ▀▀▀▀▀ ▀▀▀▀▀▀ ▀▀▀▀▀ ████ ▄██████▄
████████████████████████████ ████████
███████▀            ▀███████ ▀██████▀
█████▀                ▀█████
▀██████████████████████████▀
  ▀▀████████████████████▀▀ 
✔️DICE           
✔️BLACKJACK
✔️PLINKO
✔️VIDEO POKER
✔️ROULETTE     
✔️LOTTO
richardsNY
Legendary
*
Offline Offline

Activity: 1134
Merit: 1084


View Profile
May 08, 2018, 05:35:13 PM
 #6

it turns out that bulls arent too strong enough to break that resistance level and now we are heading down again to $9100 price

It's all fine. It was clear already that without anything in the short term forming a trigger for traders to start buying, the market would likely fall back down. I'm actually glad that we haven't yet gone up, because if we did happen to break through the $10,000 level, it would likely initiate a temporary pump all the way till $12,000. If we dive below $10,000 again after having reached $12,000 it will be more of a disappointment than how we are going down right now. Eventually, we'll be going up for sure, but the short term is something we can't say anything about. I am already happy as long as we can firmly hold the $8000 level -- everything above that is a bonus for me.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!