Bitcoin unable to breach the $8000 milestone

[Beparanf]

$8000 has been breached several times now and the price seems to be in autopilot as there hasn't been any aggressive pushes/pullbacks from either side of the market, just your normal volatility coming in to play. Also, a few days isn't a sufficient timeframe to call something over unless signs are very evident and is literally knocking on the front door. Of course, you can't expect the bulls to constantly keep the pace knowing how much money have been injected into bitcoin in just the past 6 weeks. Everything is fine for me, buy orders are evenly spread out with the sell orders not really making a dent on the overall market--unless someone crazy decides to dump hard instantly.

It breaches $8000 this week and can possibly move more, the price isn't dump that hard to say it's over, it just need some more push from investors, I don't think we're too dumb to drop our bitcoin now that's there are tons of good news like Bakkt that abou to happen.

[Gaff]

$8000 has been breached several times now and the price seems to be in autopilot as there hasn't been any aggressive pushes/pullbacks from either side of the market, just your normal volatility coming in to play. Also, a few days isn't a sufficient timeframe to call something over unless signs are very evident and is literally knocking on the front door. Of course, you can't expect the bulls to constantly keep the pace knowing how much money have been injected into bitcoin in just the past 6 weeks. Everything is fine for me, buy orders are evenly spread out with the sell orders not really making a dent on the overall market--unless someone crazy decides to dump hard instantly.

It breaches $8000 this week and can possibly move more, the price isn't dump that hard to say it's over, it just need some more push from investors, I don't think we're too dumb to drop our bitcoin now that's there are tons of good news like Bakkt that abou to happen.

Yeah I agree it really breached to that price mate, but there's an ongoing selling activities for those who waited for long time for the price to increase at better price. As I've observed recently, price fluctuates gradually which declined from $8k down to $7k plus. Hopefully long terms traders and new holders will adopt what kind of behavior that digital currency is having. Because with previous experience, more panic sellers really being driven by fears and not gaining motivations when they seem to notice such problems that might affect the price growth of btc.

[CryptoCashMan]

A huge $2000 dump/correction just happened. Price went from $8315 down to $6178 in a matter of minutes. Looks to be recovering, though.
Anyway, that $8000 milestone looks to be a very difficult barrier to go above. And I am not talking just $300 above. It will probably take a lot of time for the price to soar higher than $8300.

[harizen]

We have been at around $8000 for two days already with minimal fluctuations. We have flatlined at that number.
The price of $8000 seems to be a huge barrier for Bitcoin.
What is going on? Should we expect Bitcoin to go above 8K and land on the Moon, or is there going to be a very serious and devastating dip down to $4000?
Discuss.

Don't be rush and instead look at the bright side.

Generally, it's way more better to see the price idling at a certain level or experienced again a "crash" after a quick rise. In that way, we can determined if the rise is not all about hype. Don't want to happen again how price increase in 2017 up to new ATH. Price now sits at $7,200+ as of Im typing this and look how hard it goes down. I'd like to see the movement that way rather than a quick jump. Let's those attempts to bring down the price just occur. We need more fuel to make another launch.

[LimLims]

If you see in the past few days, then you will be happy to know that Bitcoin was indeed increasing.
This maybe due to the Market cap or volume trade for which this happened.
But as of now compare to the past 24 hours, it's  11.2% down and continuing on decreasing.
So it's really unpredictable what will happen in the near future.
But still lets hope for the best.

[Lawrenzoo]

A huge $2000 dump/correction just happened. Price went from $8315 down to $6178 in a matter of minutes. Looks to be recovering, though.
Anyway, that $8000 milestone looks to be a very difficult barrier to go above. And I am not talking just $300 above. It will probably take a lot of time for the price to soar higher than $8300.

HA, where did you see that, we have only lost $700, how did you come about $2000, which country are you and which exchange are you using?

[Questat]

A huge $2000 dump/correction just happened. Price went from $8315 down to $6178 in a matter of minutes. Looks to be recovering, though.
Anyway, that $8000 milestone looks to be a very difficult barrier to go above. And I am not talking just $300 above. It will probably take a lot of time for the price to soar higher than $8300.

HA, where did you see that, we have only lost $700, how did you come about $2000, which country are you and which exchange are you using?

I didn't see the dump to $6100, what I saw is just the dump to 7000.
Well, maybe because I was too busy today, I don't pay a lot attention with the market because I know this dump will not pursue.
And... I am right, we are back again at $7200, I would have panic if I saw that $6100, thanks God I was out today for family time.

[ethereumhunter]

A huge $2000 dump/correction just happened. Price went from $8315 down to $6178 in a matter of minutes. Looks to be recovering, though.
Anyway, that $8000 milestone looks to be a very difficult barrier to go above. And I am not talking just $300 above. It will probably take a lot of time for the price to soar higher than $8300.

HA, where did you see that, we have only lost $700, how did you come about $2000, which country are you and which exchange are you using?

I guess what he wants to say is in the image below:



You see that in the white arrow was the highest price, and the blue arrow was the lowest price. We already see the price dump too deep but I think not all people saw that moment because I think that is a flash dump that happened in the market.

[CryptoCashMan]

HA, where did you see that, we have only lost $700, how did you come about $2000, which country are you and which exchange are you using?

See the graph below. The dip only lasted half an hour, but it was a $2000+ dip.
The screenshot below was taken several hours after the dip, so the highest value for the day has changed. It was $8315, not $8037.
Just because you didn't see the dump happening (probably because you were asleep at that time), doesn't mean it wasn't there.
And yes, now the price has recovered half way and is back to $7000, which is the new support level.
I see things slowly going down, with prolonged stops at $6000 and $5000 until we are back down to $4500.

https://i.postimg.cc/J4pk1Ntk/Untitled-1.jpg

[Slow death]

A huge $2000 dump/correction just happened. Price went from $8315 down to $6178 in a matter of minutes. Looks to be recovering, though.
Anyway, that $8000 milestone looks to be a very difficult barrier to go above. And I am not talking just $300 above. It will probably take a lot of time for the price to soar higher than $8300.

in binance I just saw it fell to $7000, but the price is at $7050 and it's struggling to stay above $7000. which means that we can see the $ 6000 again at any time and maybe we'll be in the $6000 for a long time. the fact that no one knows the reason why the price went up a lot leaves some people very nervous about the future that the price is taking

[Stedsm]

HA, where did you see that, we have only lost $700, how did you come about $2000, which country are you and which exchange are you using?

See the graph below. The dip only lasted half an hour, but it was a $2000+ dip.
The screenshot below was taken several hours after the dip, so the highest value for the day has changed. It was $8315, not $8037.
Just because you didn't see the dump happening (probably because you were asleep at that time), doesn't mean it wasn't there.
And yes, now the price has recovered half way and is back to $7000, which is the new support level.
I see things slowly going down, with prolonged stops at $6000 and $5000 until we are back down to $4500.

https://i.postimg.cc/J4pk1Ntk/Untitled-1.jpg

The dip had a reason, see this:
https://bitcointalk.org/index.php?topic=5144162.msg51100331#msg51100331

Binance was the one which tasted the effects of that dump till $7k only and the other ones maybe less maybe more. But the dump took place at just one exchange - Bitstamp and it was so big it took BTC down to $6.2k

I do believe we're in for a correction here, maybe today or maybe a week later but we're definitely going to see a correction. I can't and won't predict any numbers here but I believe it'll be huge so that some of us gain the advantage of buying BTC back at cheap rates again.

[CryptoCashMan]

I do believe we're in for a correction here, maybe today or maybe a week later but we're definitely going to see a correction. I can't and won't predict any numbers here but I believe it'll be huge so that some of us gain the advantage of buying BTC back at cheap rates again.

I agree. These dips will continue to happen at stages of $1000 and we will see $4000 again very soon.
Sell now, then buy back when the price crashes in order to multiply your coins.

[LUCKMCFLY]

Well now we are in a correction stage, we just have to wait for it to happen, in fact I have always said that we are in a phase of accumulation where these movements are normal in the market, always taking into account all the variables, one of them is to lower or retreat, this time may go up in price since the accumulation phase allows it, since it is intended that the offer be eliminated totlamente and that as many bitcoins can be accumulated as possible, here comes into play what the StrongHands have planned, many times what they do is try offer at many price levels, this to try to buy bitcoins as cheap as possible, when they do not, they have to raise the price because they do not find offer at low prices, this usually happens in this type of phase, in fact the volatility is very large for this phase.

I think that $ 8k is a very round and attractive number for many speculators and investors, however it is necessary to take into account if the supply in less ranges has been finished, because otherwise reversals such as today's may occur and the market may be in uncertainty because many may panic or that they start to believe more and manage to put more money and raise the price, everything is in the possibilities or plans that have the MarketMakers since they are somehow the ones that move the market.

For now I do not think we are going to the Moon, because we are in a very large accumulation phase, it has to do a lot with starting to take the perspective for those who want to see the bitcoin or altcoins as a long-term investment, I stress in the long term because the phases of market accumulation are usually very long in time.

[Pattart]

We have been at around $8000 for two days already with minimal fluctuations. We have flatlined at that number.
The price of $8000 seems to be a huge barrier for Bitcoin.
What is going on? Should we expect Bitcoin to go above 8K and land on the Moon, or is there going to be a very serious and devastating dip down to $4000?
Discuss.

I don't think there is a high wall at the price of $8k, even yesterday the price had exceeded $8,000. but it fell again due to market play. I have no doubt believing that in the near term prices will definitely break $8000, I'm very confident about the current price movements. of course there will be a decrease several times, but it fall won't be too deep, maybe just a few percent, price wont down to $4000 again.

[btc_angela]

We have been at around $8000 for two days already with minimal fluctuations. We have flatlined at that number.
The price of $8000 seems to be a huge barrier for Bitcoin.
What is going on? Should we expect Bitcoin to go above 8K and land on the Moon, or is there going to be a very serious and devastating dip down to $4000?
Discuss.

I don't think there is a high wall at the price of $8k, even yesterday the price had exceeded $8,000. but it fell again due to market play. I have no doubt believing that in the near term prices will definitely break $8000, I'm very confident about the current price movements. of course there will be a decrease several times, but it fall won't be too deep, maybe just a few percent, price wont down to $4000 again.

The price is making a good rally again and could touch $8k soon. I agree that we can go and breach $8k soon. We will re-test it and see if we can sustain because the last attempt was a failure that's why the price currently goes down that fast. So hopeful when we breach it again, the price will still move north and test $8.2-$8.4.

[YuginKadoya]

We have been at around $8000 for two days already with minimal fluctuations. We have flatlined at that number.
The price of $8000 seems to be a huge barrier for Bitcoin.
What is going on? Should we expect Bitcoin to go above 8K and land on the Moon, or is there going to be a very serious and devastating dip down to $4000?
Discuss.

I don't think there is a high wall at the price of $8k, even yesterday the price had exceeded $8,000. but it fell again due to market play. I have no doubt believing that in the near term prices will definitely break $8000, I'm very confident about the current price movements. of course there will be a decrease several times, but it fall won't be too deep, maybe just a few percent, price wont down to $4000 again.

The price is making a good rally again and could touch $8k soon. I agree that we can go and breach $8k soon. We will re-test it and see if we can sustain because the last attempt was a failure that's why the price currently goes down that fast. So hopeful when we breach it again, the price will still move north and test $8.2-$8.4.

Right now the price is at exactly $8,032.91 USD it is too early to say that we can reach a higher growth from this or another dip, But I guess there will be some resistance from $8200 mark and $8400 mark but I guess it is good for now, aside from the many hacks that had to happen the price is still strong and continues to prove us the trend of the bull market is really happening.

[izanagi narukami]

I read that some random trader placing order 5000 BTC with low value, also there are many trader bot that making massive sell.
For me, it's not problem at all because I'm long term investor.
So why you guys put your effort in short term while in long term, you still can get profit ?

[gabbie2010]

We have been at around $8000 for two days already with minimal fluctuations. We have flatlined at that number.
The price of $8000 seems to be a huge barrier for Bitcoin.
What is going on? Should we expect Bitcoin to go above 8K and land on the Moon, or is there going to be a very serious and devastating dip down to $4000?
Discuss.

I don't think there is a high wall at the price of $8k, even yesterday the price had exceeded $8,000. but it fell again due to market play. I have no doubt believing that in the near term prices will definitely break $8000, I'm very confident about the current price movements. of course there will be a decrease several times, but it fall won't be too deep, maybe just a few percent, price wont down to $4000 again.

The price is making a good rally again and could touch $8k soon. I agree that we can go and breach $8k soon. We will re-test it and see if we can sustain because the last attempt was a failure that's why the price currently goes down that fast. So hopeful when we breach it again, the price will still move north and test $8.2-$8.4.

Right now the price is at exactly $8,032.91 USD it is too early to say that we can reach a higher growth from this or another dip, But I guess there will be some resistance from $8200 mark and $8400 mark but I guess it is good for now, aside from the many hacks that had to happen the price is still strong and continues to prove us the trend of the bull market is really happening.

I believed the resistance at $8K++ is very strong to break hence responsible for the pullback I don't think the price will retrace to $4K as speculated by OP the influx of more investors will thus push the price invaraibly break that strong  resistance for how long?  is a question that is not answerable now of course price will rally again despite all the recent bad news of hacked exchanges.

[STT]

Its challenging 8000 again and because its Monday I figure its a replay of previous action, not a bad time to try a trade and watch if it can retrace previous weakness down to 7200 area.



Its just breaking above this blue line in this pic now on a bigger bar which lends power to the bullish take but it also makes it cheaper to short for the close of asia hours.

Short on weakness is my brief idea not stand in front of a freight train, I can wait while we check the difference 

[Siren]

We have been at around $8000 for two days already with minimal fluctuations. We have flatlined at that number.

Lol before you posted this bitcoin had already reached the $8,400 value so what are you talking about flatlined?you should check the market seriously so you won’t be misleads

The price of $8000 seems to be a huge barrier for Bitcoin.

Nope that’s is not a barricade because we had already break that

What is going on? Should we expect Bitcoin to go above 8K and land on the Moon, or is there going to be a very serious and devastating dip down to $4000?
Discuss.

We will see a above $8,000 or actually we did already but mooning?i don’t think so because the year is longer and the 2017 hype is very far to happen again