Bitcoin unable to breach the $8000 milestone

[bitcoin31]

I dom't think the price down at $4000 for now bitcoin still $8000 but bitcoin rise more than double of it's price since last quarter of 2018. It will rise above that value but takes time bitcoin needed because maybe investors are thinking right now if they invest more or not but I hope majority of them want to invest or don't have any doubt.  Let's need to wait 1 week more to see more than $8000 or it will reach $9000.

[buwaytress]

5 days of "flatlining" and complaining? Hope the flash crash pleased you though because seems like we're back at trying to break down the doors here at 8k. Pretty amazing how it just slipped past 5k, 6k and 7k, completely ignoring that these were supposed to be strong levels of resistance.

What's really important for me, despite this failure to breach and stay above 8k? Just how quickly people turn on stability. Give them volatility and they cry stablecoin. Give them that and they cry stagnation.

[jakelyson]

I am actually glad that it is flatlining for now. It means that the resistance is strong but bitcoin is still trying to break it. And it has not slipped so far that it won't recover for a long time. It gives me time to accumulate more bitcoin before it makes another push above 8K. I believe if this resistance is broken, it will shoot past 9K straight to 10.

[Naida_BR]

8000 has been broken already...
This milestone is now a support and not a resistance level as I can see that the price moves around this and hard goes down or it get on a distance from it for a long period of time.

[senin]

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.

Bitcoin has risen well in price in the past two months, so it may take a more significant correction for a while. I do not think that he will go down to 4000 dollars. There should be a slight correction, although the fall is also possible. However, the situation in the cryptocurrency market is now quite positive and there should be no large fluctuations. However, we are unlikely to wait for a significant rise in the price of Bitcoin. Apparently, Bitcoin will continue to grow much more slowly than recently.

[joshy23]

8000 has been broken already...
This milestone is now a support and not a resistance level as I can see that the price moves around this and hard goes down or it get on a distance from it for a long period of time.

It's still showing a good support even the price is falling right now but still making its way to hold on, there's still big chance to surpass this amount and break another level, a good catch for people who still wanting to invest in as they can cope with this current  low.

[klaaas]

It's still showing a good support even the price is falling right now but still making its way to hold on

Indeed, the drops still gets eaten but slower. A good upward push by a bull will get us back on the 8k bar. The hard part is pushing on.

[dimonstration]

It's still showing a good support even the price is falling right now but still making its way to hold on

Indeed, the drops still gets eaten but slower. A good upward push by a bull will get us back on the 8k bar. The hard part is pushing on.

It just need some good news or more adoption. Since many investor still have doubt as well many holder tries to sell some to ensure their earnings or to atleast earn in these increase. It's only a period of whether to push through or to pull out. Either of the two will took time to happen. It will not instantly fall nor arise.

[wuvdoll]

We do have a bit trouble breaking these price thresholds but I think it is definitely okay since we have already come thus far and that is enough for me, I can wait here for months, it is certainly better than waiting out at 3400 or whatever and not being able to break 4200 at all, since we managed to break that we can manage to break this as well since it has less resistance.

The only difference is we stayed around 3400-4200 for months and managed to drop the cost averages down and we have managed to gather much more money to break that 4200 level and whereas we have been here for a bit over a week now so we need to gather back the fiat required to break this but in order to do that some people need to keep buying bitcoin while others need to keep selling bitcoin but keep that bitcoin combined and attack all at the same time helping out the people who bought bitcoin to create that chance for them.

[justdimin]

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.

We can’t afford to fail this retest this retest this time, because if we fail to sustain this momentum, we might be heading back to a major crash, which will make dump price of $5800 possible, but if we can continue with the rally, retest $8000 and further break the barrier of $8000, then this might be the last time we will ever see $7k trend till further notice.

I wish it was really possible for some of us to sustain this, but unfortunately, the battle is between the BULLs and the BEARs, I just hope that the BULL will continue to grow stronger for us to be able to reach a new ATH in this new bull market.

[bitbunnny]

It's still showing a good support even the price is falling right now but still making its way to hold on

Indeed, the drops still gets eaten but slower. A good upward push by a bull will get us back on the 8k bar. The hard part is pushing on.

The price will move back and forth for a while and in this stage I don't think we can ecpect some "stabilization" in terms of continuos growth. So don't be surprised by ocassional corrections, they are normal part of volatility process.

[buwaytress]

It will now be ten days since we tried, and failed, to move sustainably above 8k. Big pushes were seen, but none have lasted and we have still to see a full 24 hours above the mark.

That normally would worry anyone but in the context of 6 weeks of consecutive growth previously, I think we have to accept this pause was not only coming, it was necessary. Should probably even have happened sooner, at a lower resistance. But we shall see.

[Kemarit]

Looks like we have re-tested the $8000 price barriers and seems to hold as this point, trading around $8000-$8100, is this is the day we finally see the price sustained to $8400 or least? or will test be another failed test again? Trading volume is not that huge, the same volume we have attempted to break $6000-$7000 barrier. It seems this is the break out run that everyone is hoping, so it's going to be interesting in the next couple of days.

[arpon11]

I am actually glad that it is flatlining for now. It means that the resistance is strong but bitcoin is still trying to break it. And it has not slipped so far that it won't recover for a long time. It gives me time to accumulate more bitcoin before it makes another push above 8K. I believe if this resistance is broken, it will shoot past 9K straight to 10.

Bitcoin is actually making a very serious push to remain above $8,000 for some days now and yesterday it even fall below $7500 on some exchange but as at today it has recovered significantly and if it can retain the current growth throughout the weekend then we should expect great explosions of price from next week!  If we take the advantage of the fall in pricing yesterday and buy and bitcoin explode to $10,000 before end of this month I believe we have making right investment decisions.

[Slow death]

so it's going to be interesting in the next couple of days.

I do not see the "expert" that always making their forecasts exaggerated in the short term. Is as nobody want to risk their reputation by making short-term forecast. This is very strange for me.

I saw this analysis:  Long-Term Bitcoin Price Indicator Rises for First Time in a Year

curiously do not have any opinion of any famous analyst. 

[Jating]

I am actually glad that it is flatlining for now. It means that the resistance is strong but bitcoin is still trying to break it. And it has not slipped so far that it won't recover for a long time. It gives me time to accumulate more bitcoin before it makes another push above 8K. I believe if this resistance is broken, it will shoot past 9K straight to 10.

Bitcoin is actually making a very serious push to remain above $8,000 for some days now and yesterday it even fall below $7500 on some exchange but as at today it has recovered significantly and if it can retain the current growth throughout the weekend then we should expect great explosions of price from next week!  If we take the advantage of the fall in pricing yesterday and buy and bitcoin explode to $10,000 before end of this month I believe we have making right investment decisions.

Yes, it's just a nudge sort of. Last time I checked the price is hovering just above that $8k, mental barrier. It's good though, at least we have seen another day to re-test this price and hope that we can sustain it, otherwise if will be another failed attempt.

The first time we did, we just sliced it through and went as high as $8300, but the second re-test was more harder than we can imagine. So I hope that this time we can go above this hump and then push all the way to $9k-$10k.

[BitHodler]

So I hope that this time we can go above this hump and then push all the way to $9k-$10k.

Don't you like to be offered more time to buy lower? 

I personally doubt we'll break the heavy resistance and will likely be faced with a correction soon, but if we do happen to break through the resistance, nothing prevents the price to pump over the $9000 up to $9500.

From there we have to reevaluate the market conditions, but with the $10,000 as major psychological barrier it's safe to assume that it might form another major point of resistance.

Back in 2018 we also had somewhat of a pump to $10,000 where some exchanges slightly breached that level, but it fell down hard afterwards. This doesn't mean we will exactly repeat what happened, but it's worth keeping in mind.

[Febo]

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.

What is wrong by Bitcoin being priced $8000 for a month or even few months?  I dont get your point. We are more then double from bottom. I dont really believe $8000 Bitcoin is far from real Bitcoin value at this point in time. I believe we are really close and there si zero reasons to complain it should be higher, since it can be lower.

[LUCKMCFLY]

Well, I think that $ 8k is a very psychological value because it is very close to $ 10k, but many operations are currently taking place, that is, it can generate more stability in $ 8k, generating a liquidity zone to resist possible falls. , but due to the way the market is performing, it is likely to continue increasing.

This happens due to the fact that we are in a phase in which the price can fall completely and that it is very easy to recover, but in the order book of the main exchanges it is observed that many volumes of purchases have occurred. That is why it is very likely that it will continue to rise in price.

Now do not confuse the terms of bullish or bearish trend, because due to Wyckoff's theory we are not trending, we are in the accumulation stage.

[Barbut]

We are there, now you can take $9000 price and apply it on this topic, everything is the same, just $1k higher. After that you can apply the same thing on $10k. Its important for traders to talk about this levels and will price break it or will it stumble down, from that depends their profit, but what is with us holders and long term traders? Why we need this kind of sensationalistic headlines, for what? We know that bitcoin price will break that mark, like it will break much higher levels too. We just need patience!