Bitcoin unable to breach the $8000 milestone

[Duzter]

With every round valued barrier it takes little time to break it. Mostly the price is getting crossed the value and further getting down to it and continues to fluctuate within certain price margin. This after getting good support grows further and stay focused on breaking the barriers and reaching new ath for the year often. In such a way we've crossed $8000 and now it is time for $9000.

[jossiel]

In such a way we've crossed $8000 and now it is time for $9000.

I'm thinking that we will finally breach $9000 because we're having some nice and curvy dip today. And every time we are on that kind of dip, I usually see some rise after that.

we are in the accumulation stage.

Can't agree more, yes we're still on that stage.

[CryptoCashMan]

So, after a very short-lived pseudo breakthrough, we are back to 8000 again.
I told you guys, 8000 is a very tough nut to crack.

My prediction is that we will stay at 8000 or below for a long period of time.
The big question is what follows after that: a crash or a moon landing?

[michellee]

Although we are now seeing the bitcoin price has down too deep, and we think that bitcoin is hard to break $8000, I am sure that it will break that price. We need to be patient to wait the good moment for bitcoin price to increase and I think this time, we have a good time to buy more bitcoin. Just prepare for the next waves for the bitcoin because I think that could increase so high and who knows, the price can jump to $10k in a few days later.

[nydiacaskey01]

Bitcoin reached and passed $8,000 level to as high as $8,790 USD for 11 days but unfortunately, it is down to $7,800 USD as of yesterday and continues to go down as I type to $7,600. This price movement is understandable and this did not happen only at this point in time in the history of Bitcoin where price dropped 13% in just 11 days.

[STT]

So, after a very short-lived pseudo breakthrough, we are back to 8000 again.
I told you guys, 8000 is a very tough nut to crack.

I think I noted 8500 as a tough level but it got to 9000 which I guess is typical, maybe its like a speedbump it passes over but is slowed before then reversing.

My take right now is bearish until we can confirm above the 8000 area on a 4hr bar say, ie closing out above or testing 8000 and rising would be bullish

[imstillthebest]

Bitcoin is known to be a high volatile type coin and its also prone to manipulation and other deadly factors that can potentially affects its price , by that , how dare you expect that bitcoin could succesively increase and pump up to 8k usd easily ? It might not increase contiously but its still possible for bitcoin to reach the 8k usd milestone that you are talking about on the latter stages  .

[WinslowIII]

Bitcoin is known to be a high volatile type coin and its also prone to manipulation and other deadly factors that can potentially affects its price , by that , how dare you expect that bitcoin could succesively increase and pump up to 8k usd easily ? It might not increase contiously but its still possible for bitcoin to reach the 8k usd milestone that you are talking about on the latter stages  .

How dare you! lmao, you are a fucking idiot.

[Distinctin]

So, after a very short-lived pseudo breakthrough, we are back to 8000 again.
I told you guys, 8000 is a very tough nut to crack.

I think I noted 8500 as a tough level but it got to 9000 which I guess is typical, maybe its like a speedbump it passes over but is slowed before then reversing.

My take right now is bearish until we can confirm above the 8000 area on a 4hr bar say, ie closing out above or testing 8000 and rising would be bullish

I'll rejoice if we will be back at $8000 again, we are struggling now, but I'm not losing the faith that it's again possible to reach that level, despite market shows a little bearish trend, but bulls are still bigger as it was able to penetrate well this year already, we will be back up again soon, let's just trust.

[asriloni]

Bitcoin is known to be a high volatile type coin and its also prone to manipulation and other deadly factors that can potentially affects its price , by that , how dare you expect that bitcoin could succesively increase and pump up to 8k usd easily ? It might not increase contiously but its still possible for bitcoin to reach the 8k usd milestone that you are talking about on the latter stages  .

Were you living under a rock? I'm feeling curious about how long you didn't even watch the bitcoin chart? Bitcoin was almost touching 9k in the last week. I suggest you to get back to your manager and tell him if you don't use your internet properly to get the latest news about that. it looks so pathetic to see that.
Please, tell me your proof. 

[MidnightWolf]

I think it’s a waste of time to demand some kind of proof from someone.  These are all stupid words that no one can confirm with real facts.  Each user of cryptocurrency that is somehow involved in this activity is likely to express either their opinion and their desire, but no more.  Nevertheless, since the beginning of 2019, we saw the real state of affairs in the cryptocurrency market, and the best peak of pricing in April and May of this year.

[Herbert2020]

So, after a very short-lived pseudo breakthrough, we are back to 8000 again.
I told you guys, 8000 is a very tough nut to crack.

I think I noted 8500 as a tough level but it got to 9000 which I guess is typical, maybe its like a speedbump it passes over but is slowed before then reversing.

My take right now is bearish until we can confirm above the 8000 area on a 4hr bar say, ie closing out above or testing 8000 and rising would be bullish

I'll rejoice if we will be back at $8000 again, we are struggling now, but I'm not losing the faith that it's again possible to reach that level, despite market shows a little bearish trend, but bulls are still bigger as it was able to penetrate well this year already, we will be back up again soon, let's just trust.

this is not a "struggle" anymore, the actual struggle was happening when price was below $4000 and it was very hard to break it because investors were scared and mostly undecided about the short term price and most of them were greedy enough to want to wait.
but now that we are already on the rise and have gone up more than 100% in a very short time, this here is called a short term correction and accumulation before the next leg up.

[darewaller]

Well, we at least saw how it was able to breach the 8 thousand milestone. We are not at a place where 8 thousand dollars is a "drop" and not an increase which makes me feel amazing. The price needs to drop in order to back to 8 thousand dollars. We were at around 3 thousands and 4 thousands just a few months ago and from November to April we lived between 3-4 thousand dollars, now 8 thousand dollars was seemed like "unable to breach" and we even breached that.

All of this tells me that there is no price bitcoin is too difficult to break, we can break any price and we can reach to 10+ thousand dollars easily, I am not saying we are going to be a million dollars (we will one day in the future for sure) but all of these close numbers is quite possible from now on.

[STT]

Its not usually the flat number thats is that important, here its more 8200 then 8000 area.    We are repeatedly hitting this as the top end of a range or box enclosing trading for a while -



I would guess on a bullish outcome while we stay above the yellow line in this graph which is about the monthly moving average, its fairly strong in underlying previous lows hence I think its likely bought now till 8200 proves itself to be a certain top not just an area of profit taking

[Duzter]

Its not usually the flat number thats is that important, here its more 8200 then 8000 area.    We are repeatedly hitting this as the top end of a range or box enclosing trading for a while -



I would guess on a bullish outcome while we stay above the yellow line in this graph which is about the monthly moving average, its fairly strong in underlying previous lows hence I think its likely bought now till 8200 proves itself to be a certain top not just an area of profit taking

Well said, and hitting the price within limited range will make that particular point have high resistance. This too has got the potential to take the price of bitcoin go high from this point. Even at times of downtrend in the market it'll be hard to fall back low to $8000. Possibly the end of June can conclude about the further moves of the market.

[Cherylstar86]

Its not usually the flat number thats is that important, here its more 8200 then 8000 area.    We are repeatedly hitting this as the top end of a range or box enclosing trading for a while -



I would guess on a bullish outcome while we stay above the yellow line in this graph which is about the monthly moving average, its fairly strong in underlying previous lows hence I think its likely bought now till 8200 proves itself to be a certain top not just an area of profit taking

Well said, and hitting the price within limited range will make that particular point have high resistance. This too has got the potential to take the price of bitcoin go high from this point. Even at times of downtrend in the market it'll be hard to fall back low to $8000. Possibly the end of June can conclude about the further moves of the market.

  I believe bitcoin will abruptly breach out the desiring peak, maybe by next month and beyond it will totally exceed with consistent growth. Perhaps, its current value has shown potential growth that break $8k in the few days.

[Caladonian]

Well, we at least saw how it was able to breach the 8 thousand milestone. We are not at a place where 8 thousand dollars is a "drop" and not an increase which makes me feel amazing. The price needs to drop in order to back to 8 thousand dollars. We were at around 3 thousands and 4 thousands just a few months ago and from November to April we lived between 3-4 thousand dollars, now 8 thousand dollars was seemed like "unable to breach" and we even breached that.

All of this tells me that there is no price bitcoin is too difficult to break, we can break any price and we can reach to 10+ thousand dollars easily, I am not saying we are going to be a million dollars (we will one day in the future for sure) but all of these close numbers is quite possible from now on.

I agree, there's no certainty that it can breaks out and move higher than what we are expecting right away but it's showing its strong grounds after
reaching this value, some downfalls has been felt previously but manage to comes up solid and reach back to 8k$ state.

If more people will adopt this investment currency, sooner or later we will see more movements and the price will rise high again.

[adaseb]

I actually entered a short which I got stopped at a few hours ago because it looked like $8000 milestone was getting severe rejections. And looking now it seems that $8000 is most likely going to be very strong support.

I think we might get dragged down by the $8325 or so right shoulder but in the past every head and should pattern didnt work out. So I have a feeling we might touch $9K again and if we break it then $9.5K is in the works. Then the huge psychological barrier at 10K.

[exstasie]

I actually entered a short which I got stopped at a few hours ago because it looked like $8000 milestone was getting severe rejections. And looking now it seems that $8000 is most likely going to be very strong support.

I think we might get dragged down by the $8325 or so right shoulder but in the past every head and should pattern didnt work out. So I have a feeling we might touch $9K again and if we break it then $9.5K is in the works. Then the huge psychological barrier at 10K.

Too many people are banking on the H&S pattern. Everybody and their grandmother is expecting it. I too think we are going to grind upwards here and eventually squeeze into another FOMO cycle. After 2+ weeks of sideways, I think we'll at least spike through $10K. The $12K+ area is looking tasty at this point. We just need to invalidate this H&S and then the squeeze begins.

[Herbert2020]

I actually entered a short which I got stopped at a few hours ago because it looked like $8000 milestone was getting severe rejections. And looking now it seems that $8000 is most likely going to be very strong support.

I think we might get dragged down by the $8325 or so right shoulder but in the past every head and should pattern didnt work out. So I have a feeling we might touch $9K again and if we break it then $9.5K is in the works. Then the huge psychological barrier at 10K.

Too many people are banking on the H&S pattern. Everybody and their grandmother is expecting it. I too think we are going to grind upwards here and eventually squeeze into another FOMO cycle. After 2+ weeks of sideways, I think we'll at least spike through $10K. The $12K+ area is looking tasty at this point. We just need to invalidate this H&S and then the squeeze begins.

although i agree with this but i still think $10k is going to be very challenging. the current price level is nothing important. we are just passing by with the current side ways and some accumulation going on. the bigger challenge awaits us when price reaches the next psychological barrier which was also previously a rather strong buy support to be broken during the fall in 2018.