Survived 8000, time for $10k?

[krauzzer02]

Bitcoin will increase 20000 in end of the year

The question would be when? currently, bitcoin price was dragged down to $7k - $8k most of the cryptocurrency price was as bloodbath but not a serious one like last January normal corrections and fluctuations as always, $10k resistance was a strong one as we almost nearly going to break it then the price decreased down to $8k, hoping the price will increase on the next days.

[1714706027]

1714706027

[shimbark123]

Probably yes. I am really hoping for that thing to happen especially at this time. It experienced a lot of pumps and dumps and traps and many more at the beginning of this year and hopefully it will recover itself this time.

[cellard]

Is time to stop assuming the price is about to hit the floor for the bear market... we may or not go lower, what you should be doing is dollar cost averaging.

Personally I think $6500 ish range is a potential floor. After that, around $4900 would be it, I believe that is an ideal buy entry to go all in.

Worst case scenario is testing the (never re-tested) $1300 MtGox peak... it would suck but at the same time it would be a steal and I wouldn't doubt to sell my car to buy BTC at such ridiculous prices. We'll find out during the summer.

[speem28]

Is time to stop assuming the price is about to hit the floor for the bear market... we may or not go lower, what you should be doing is dollar cost averaging.

Personally I think $6500 ish range is a potential floor. After that, around $4900 would be it, I believe that is an ideal buy entry to go all in.

Worst case scenario is testing the (never re-tested) $1300 MtGox peak... it would suck but at the same time it would be a steal and I wouldn't doubt to sell my car to buy BTC at such ridiculous prices. We'll find out during the summer.

This happens every time when every time a change in price in bitcoin happens, a speculation thread is created. What they should be doing is encouraging people to buy-in and add to their initial investments because now is a good point of entry in cryptocurrencies. The market is on red and you have plenty of options to choose from, you just have to a have a better judgment of the coins out there.

[magneto]

Is time to stop assuming the price is about to hit the floor for the bear market... we may or not go lower, what you should be doing is dollar cost averaging.

Personally I think $6500 ish range is a potential floor. After that, around $4900 would be it, I believe that is an ideal buy entry to go all in.

Worst case scenario is testing the (never re-tested) $1300 MtGox peak... it would suck but at the same time it would be a steal and I wouldn't doubt to sell my car to buy BTC at such ridiculous prices. We'll find out during the summer.

Exactly, this is what I'm thinking as well.

Instead of trying to find the floor, or the bottom, which will never be accurately predicted even by the so called experts because of the irrational nature of players within the market, start accumulating now.

The one piece of information that we have is that we are close to the bottom already, there is very little room to move down even if $6k support doesn't hold because of the buyers at levels any lower than those. I think we're in the range for accumulation after today's dump which took prices down 10% or so. You don't know where the bottom is at, as I said, so start dollar cost averaging and buying, instead of speculating on what is actually the lowest point.

$10k seems unlikely right now since $8k support was broken, at least not this month or most likely even the next.

[coinluisa]

What do ya think. Bitcoin straddled 8000 last night but failed to break down further, now it's made a couple $100 jumps up today. Have we seen <$8000 for the last time? Are we heading back to challenge $10k by the end of the month?

I think we cannot hit the 10k price because bitcoin down now at 7k price and we still hoping that we survive this down price. The best we can do now is still buy bitcoin even it's volatile now.

[onrise]

Bitcoin will increase 20000 in end of the year

The question would be when? currently, bitcoin price was dragged down to $7k - $8k most of the cryptocurrency price was as bloodbath but not a serious one like last January normal corrections and fluctuations as always, $10k resistance was a strong one as we almost nearly going to break it then the price decreased down to $8k, hoping the price will increase on the next days.

BTC price is around 7.5 k and yes it has fallen form 8.5 k which is little worry as prices suddenly started falling instead of anticipation that price will now in bull run to reach 10k mark soon. But nevertheless we can witness the momentum is with btc and investors would be buying at this point and will bring price back to 8.5k .

[Ayiranorea]

Bitcoin will increase 20000 in end of the year

The question would be when? currently, bitcoin price was dragged down to $7k - $8k most of the cryptocurrency price was as bloodbath but not a serious one like last January normal corrections and fluctuations as always, $10k resistance was a strong one as we almost nearly going to break it then the price decreased down to $8k, hoping the price will increase on the next days.

BTC price is around 7.5 k and yes it has fallen form 8.5 k which is little worry as prices suddenly started falling instead of anticipation that price will now in bull run to reach 10k mark soon. But nevertheless we can witness the momentum is with btc and investors would be buying at this point and will bring price back to 8.5k .

Now it has fallen below $7500, we don't know what is gonna happen next. It has been mentioned as a price correction, when the price fell low from the value around $9600 it was termed as a correction and the same keeps on, but we haven't experienced any good increase rather than the fall.

[el kaka22]

Everybody is looking to $10k. I also expect that in the next month price will reach to $10k and till the end of this year to $20k. Let’s see what happens. Now people are investing again in bitcoin because the price is under $10k and the investors strongly believe that they will make handsome money from their investment in this year. We should think positive about bitcoin price.

I wonder how you guys sometimes usually get your expectation. First and foremost, $8k was not even the support to be looking at but $7800. Only and only if this gets to hold are we going to expect that the value will at least bounce and I guess we already have some crazy resistance already on the way down before we can even start considering $10k. One step at a time is all it takes, but for now, nothing is guaranteed.

I, unfortunately, can't see any correlation between resistance to $8k and getting over $10k soon. It can fluctuate between 7500-9500$ for a very long time. I begin to worry a bit

No need to worry as the market is bound to play however it wants to anyway with nothing we can definitely do about it. It is funny that a lot of people worry a lot over nothing they cannot change. The support I am really looking at though is the $7800 support for a while now. In the short time frame, we are still in a downtrend and we are not sure how this trend is going to be playing out for now except to just wait and watch. The market is pretty much in a very complex state at the moment though.

[gabmen]

Bitcoin will increase 20000 in end of the year

The question would be when? currently, bitcoin price was dragged down to $7k - $8k most of the cryptocurrency price was as bloodbath but not a serious one like last January normal corrections and fluctuations as always, $10k resistance was a strong one as we almost nearly going to break it then the price decreased down to $8k, hoping the price will increase on the next days.

BTC price is around 7.5 k and yes it has fallen form 8.5 k which is little worry as prices suddenly started falling instead of anticipation that price will now in bull run to reach 10k mark soon. But nevertheless we can witness the momentum is with btc and investors would be buying at this point and will bring price back to 8.5k .

Now it has fallen below $7500, we don't know what is gonna happen next. It has been mentioned as a price correction, when the price fell low from the value around $9600 it was termed as a correction and the same keeps on, but we haven't experienced any good increase rather than the fall.

Well if anything, just try to look at the positive side of it. This year has given is a lot of good chances to buy in and enter at bargained prices. People have been hoping for this kind of movement last december so i wonder why all.of a sudden you're all downtrodden about btc's price.

[Mastsetad]

If you notice that $ 100 will increase the bitcoin price, but it will also be reduced quickly, so I think the bitcoin price is at least $ 8000 this month and it's unlikely we can see the bitcoin reach $ 10000 before the end of this month but we have to pay for the next month that it can go beyond the $ 10000 value. I hope so.

$100 is very small amount for bitcoin to go up or go down. The difference between the prices two days would be in thousands. Now the price is a little bit stable and for about a month the price didn’t increase from $8500. Although some time it crosses that limit but fall the other day. We will have to wait for some more time to see big rise in the price.

[nl247]

What do ya think. Bitcoin straddled 8000 last night but failed to break down further, now it's made a couple $100 jumps up today. Have we seen <$8000 for the last time? Are we heading back to challenge $10k by the end of the month?

And we are at 7 850 now. 10K? Not this time

One thing with this market is that it is unpredictable and full of surprises. One time, you may think there may be some possibility of a bounce as I judged that with a strong bullish wick before we came back down and there we have it swimming way down after wards. I do not blame those who say analysis sometimes may not work due to the volatile nature of the market, but that is one reason why we have to always be at alert in most cases. $7800 though would have been the best support to look at and not $8k that the OP mentioned, but now that we are way lower, I am actually looking forward to the $7k region.

[Ararbermas]

The question would be when? currently, bitcoin price was dragged down to $7k - $8k most of the cryptocurrency price was as bloodbath but not a serious one like last January normal corrections and fluctuations as always, $10k resistance was a strong one as we almost nearly going to break it then the price decreased down to $8k, hoping the price will increase on the next days.

The growth rate of bitcoin is still struggling on this moment , but i believe it will not go further and perhaps 7k value is enough which is in my view it will stay below 7k and before the month may it will continue to soar again. Just relax guys don't lose hope just keep holding and keep believing on bitcoin promises.

[bitcad4u]

We can predict the price by 100$ raise or fall.Because the price of bitcoin easily raise and fall 500$ in a single day.If the target is 10,000$,it is not a time for that.Now the price is fluctuate in between 7000-8000$,the price will reach 10,000$ in June first week.Just take some breath and hold your bitcoin.

[Rastanan]

What do ya think. Bitcoin straddled 8000 last night but failed to break down further, now it's made a couple $100 jumps up today. Have we seen <$8000 for the last time? Are we heading back to challenge $10k by the end of the month?

I think we cannot hit the 10k price because bitcoin down now at 7k price and we still hoping that we survive this down price. The best we can do now is still buy bitcoin even it's volatile now.

Just be patient. In a few months, the price will be $10.000 or higher.

[airdagon]

it seems that the price will be quite difficult to climb back, some negative news and the influence of panic people who sell the coins they hold to date have been widely sold. the market is hard to pump up the price to get back up, the price on the chart at the moment has touched the price below the $ 7500 figure, we really need to retain this, in order for a new resistance to be made and the price can start to rise again as before. this month will be the downward trend in bitcoin and other alt prices. hopefully the price can be bounced as soon as possible.

[Question123]

Price of the bitcoin as of now is downing $7300 is actual price for this time. And I hope before end of this month the price of the bitcoin will back again to the 8k dollars or 10k dollars we have 3 days left before june are come. If we want to see that price again everyone will do that. Loke buying ,promoting or advertising bitcoin to other people so we can get more investor that helps to bitcoin pump.

[lixer]

If you notice that $ 100 will increase the bitcoin price, but it will also be reduced quickly, so I think the bitcoin price is at least $ 8000 this month and it's unlikely we can see the bitcoin reach $ 10000 before the end of this month but we have to pay for the next month that it can go beyond the $ 10000 value. I hope so.

$100 is very small amount for bitcoin to go up or go down. The difference between the prices two days would be in thousands. Now the price is a little bit stable and for about a month the price didn’t increase from $8500. Although some time it crosses that limit but fall the other day. We will have to wait for some more time to see big rise in the price.

It is somehow fascinating that the prices did not increase or decrease for quite a long period.  But it could be justified in a sense that people had really sold their bitcoin when market was soaring and now may be there is not that much investment to fluctuate the prices. Anyways the market is going to pump high in the coming days because August is always a good omen for the bitcoin prices. Let us not worry about stability.

[blitz18]

What do ya think. Bitcoin straddled 8000 last night but failed to break down further, now it's made a couple $100 jumps up today. Have we seen <$8000 for the last time? Are we heading back to challenge $10k by the end of the month?

I think we cannot hit the 10k price because bitcoin down now at 7k price and we still hoping that we survive this down price. The best we can do now is still buy bitcoin even it's volatile now.

Just be patient. In a few months, the price will be $10.000 or higher.

Whatever the price may seems to be this year I am holding. I believe it will hit to $10k so holding and be patient price will back to good movement. Waiting than selling all lose today.

[removebeforeflight]

Everyone here is hoping for the best but the price is always volatile. May be in June the price would fluctuate in $10k range and the trend may increase bit in July. Good things are yet to happen post June it seems since most big countries are yet to decide their stand on Bitcoin and other crypto currency acceptance in their country. Lets hope for the best.