Analyst: Bitcoin below $ 10,000 is a gift!

[Kattoweymo]

Well-known cryptanalyst and co-founder of Blockroots Josh Rager believes that the bitcoin price that has fallen below $ 10,000 is a real gift that needs to be used.

He expressed the corresponding idea on Twitter on Saturday, when Bitcoin once again dropped below $ 10,000.

According to Raiger, Bitcoin was at potentially low highs and, most likely, for some time will hold out at levels below $ 9,690. The trader does not exclude that if the local resistance level cannot be broken, the first cryptocurrency can test the weekly support level at $ 9,000.

At the same time, if the weekly trend turns out to be bullish, the price could rise to $ 10,586. A preferred level that would confirm the reversal would be a resistance level of $ 10,854, he believes.

Be that as it may, Rager made it clear that he did not believe in a change in market sentiment towards bearish, and therefore said that Bitcoin below $ 10,000 could be considered a good gift.

As of 12:00 UTC Sunday, the weighted average rate of Bitcoin, according to the CoinMarketCap, was $ 9,526.

What do you think, will there be any further increase in Bitcoin?  

Link from where the article is taken: https://blockchainjournal.news/analyst-bitcoin-below-10000-is-a-gift/

[bitsurfer2014]

I believe most Bitcoin optimists including me would agree with that idea since our foresight are geared towards BTC's long term value and viability. Considering the time frame from Bitcoin's inception up to now, and its rise above the bear market of 2018, we can say that there has been more awareness about this technology than ever before and its fundamentals are still strong so a price rate of $10,000 below would not create panic among its stakeholders. Imho.

[rdluffy]

In my opinion, this sub 10k is a real good opportunity to buy BTC

To minimize the risks, you can buy in parts, I see a strong support in 9k and we should not see 8k levels again

I lost the opportunity to sell at 11k and buy again in this dip, so I'm only watching and hold my BTC waiting the next rise

[boris2470]

This does not surprise me. When Bitcoin falls down, losing several thousand of its price, the coin turns into a discount product for big players. The current price of Bitcoin is less than $10,000 because I think that soon the whales should buy big amounts and make a pump

[seoincorporation]

What do you think, will there be any further increase in Bitcoin?  Cool

The only thing we can be sure of is bitcoin will keep moving, we are not sure if it will move up or down, but that's what bitcoin does. My prediction is it will go down slowly, and for the end of the year we will see another mega bump. Is just my prediction and is based on a feeling.

[todiboa]

Today the BTC price has reached $9500, so i support your opinion it is the best time to buy coins. It is unlikely Bitcoin will fall further, because this rebound lasts so long

[coin-investor]

Well-known cryptanalyst and co-founder of Blockroots Josh Rager believes that the bitcoin price that has fallen below $ 10,000 is a real gift that needs to be used.

He expressed the corresponding idea on Twitter on Saturday, when Bitcoin once again dropped below $ 10,000.

According to Raiger, Bitcoin was at potentially low highs and, most likely, for some time will hold out at levels below $ 9,690. The trader does not exclude that if the local resistance level cannot be broken, the first cryptocurrency can test the weekly support level at $ 9,000.

At the same time, if the weekly trend turns out to be bullish, the price could rise to $ 10,586. A preferred level that would confirm the reversal would be a resistance level of $ 10,854, he believes.

Be that as it may, Rager made it clear that he did not believe in a change in market sentiment towards bearish, and therefore said that Bitcoin below $ 10,000 could be considered a good gift.

As of 12:00 UTC Sunday, the weighted average rate of Bitcoin, according to the CoinMarketCap, was $ 9,526.

What do you think, will there be any further increase in Bitcoin? 

I hope many investors, traders, and speculators are reading this article, so they can take this opportunity, I've bought Bitcoin every time there is a drop and encouraging my friends to buy at their convenience at this level, there is a profit to be made at the current Bitcoin level, let's see in the coming days if the prediction is true.

[joelsamuya]

We already concluded that the future of Bitcoin is truly bright based on the generally accepted sentiment of the market. Therefore, any dip just like what we are experiencing right now can be a very good opportunity to get in and be a part of the Bitcoin bandwagon or the best time to further increase one's holdings. The volatility of Bitcoin can affect us all yet this is one element that many traders are always happy with as the movements of the cryptocurrency can provide the best tool to make some money on the market. This is an opportunity one should not miss easily.

[zviadits]

It is needed to look at the chart, as soon as there will be a candle up, this is a sign that the whales have begun to purchase. So when the price of Bitcoin falls you should be attentive and wait for whales activity (it is your "gift" or I call it  the golden time to buy)

[romero121]

Bitcoin falling low is a gift for users who consider investing for long term profiting. For users who have been into trading never consider about the steep falls, the entire focus will be into the price fluctuations. Out of the fluctuation they keep on earning through the process of buying low and selling high. There is more chances for the market to turn bullish crossing $10000 by the ongoing weekend. If there is any form of bearish move then we can expect the price to fall as low as $8000.

[Theb]

The dilemma really here is that there is the stigma in the market when Bitcoin shows signs of bearishness after a great bull run almost everyone is afraid to buy some more or enter the market. Even the ones who wants to join in thinks its too late that Bitcoin already did its time and now will go down. They would rather buy Bitcoin when its pumping rather than Buy Bitcoin when it has bottomed out. Now even if the market is still consolidating they still see it as a sign of bearishness so it really affects the market confidence in the market.

[Slow death]

You forgot to post the source:

Analyst: Bitcoin below $ 10,000 is a gift!

I don't see good news to drive the price increase, so my short-term forecast is that we will see the $7000 price again. I'm not happy to see the price of $7000 again, but from what I see it will be inevitable, the current price is $9400 and it is slowly falling, so we will soon be at $7000

[exstasie]

This is what someone says when they're still holding from above $10K.

Sure it's a gift, but this analysis is so imprecise it's not useful. Where's the bottom? $9K? $8K? Lower? This guy has no idea and it makes a huge difference to anyone trying to buy in. There's a good chance people buying now or holding from above $10K based on sentiment like his will be squeezed into selling much lower.

That's why I hate empty statements like this. They aren't informative and they cause people to cling to hope. Another 10-15% drop is possible, even likely. When the market is in the low $8Ks you'll find "anything below $10K is a gift!" wasn't useful advice at $9,600.

[omonuyak]

Well-known cryptanalyst and co-founder of Blockroots Josh Rager believes that the bitcoin price that has fallen below $ 10,000 is a real gift that needs to be used.

He expressed the corresponding idea on Twitter on Saturday, when Bitcoin once again dropped below $ 10,000.

According to Raiger, Bitcoin was at potentially low highs and, most likely, for some time will hold out at levels below $ 9,690. The trader does not exclude that if the local resistance level cannot be broken, the first cryptocurrency can test the weekly support level at $ 9,000.

At the same time, if the weekly trend turns out to be bullish, the price could rise to $ 10,586. A preferred level that would confirm the reversal would be a resistance level of $ 10,854, he believes.

Be that as it may, Rager made it clear that he did not believe in a change in market sentiment towards bearish, and therefore said that Bitcoin below $ 10,000 could be considered a good gift.

As of 12:00 UTC Sunday, the weighted average rate of Bitcoin, according to the CoinMarketCap, was $ 9,526.

What do you think, will there be any further increase in Bitcoin? 

I do agree with Rager and I have read similar analysis from about 8 analysts on Twitter. It might be the last time we are seeing below $10,000. This year bitcoin price is too good to stay below $10,000 for long. I do believe that bitcoin is going above $20,000 before end of this year and that means if you buy now you may make good profits.

[dunfida]

What do you think, will there be any further increase in Bitcoin?  Cool

The only thing we can be sure of is bitcoin will keep moving, we are not sure if it will move up or down, but that's what bitcoin does. My prediction is it will go down slowly, and for the end of the year we will see another mega bump. Is just my prediction and is based on a feeling.

We are on a very speculative market this is why we do make continuous speculation.No one can predict the future.We have seen countless analysis by so-called experts
or popular person but majority of them do tell non precise things yet this entire crypto market can move out against or oppose on what they have said.So in short, the only
thing we should depend is on how you would utilize such price movements.

[snipie]

You forgot to post the source:

Analyst: Bitcoin below $ 10,000 is a gift!

I don't see good news to drive the price increase, so my short-term forecast is that we will see the $7000 price again. I'm not happy to see the price of $7000 again, but from what I see it will be inevitable, the current price is $9400 and it is slowly falling, so we will soon be at $7000

Summer isn't the best time of the year to expect a big rise in the bitcoin price but a full to $7k soon will a little bit unexpected. I think it will keep +$8k until August.

[Indacoin]

I think that now we have good opportunity to buy more! BTC price will be higher with time, up to 40k untill 2020, I quess. So even now - falling market its good. Whatever, course will make up x100 with time. No reason to worry. BTC is already don't only currency, it's already financial instrument that better then gold!

[Kattoweymo]

You forgot to post the source:

Analyst: Bitcoin below $ 10,000 is a gift!

I don't see good news to drive the price increase, so my short-term forecast is that we will see the $7000 price again. I'm not happy to see the price of $7000 again, but from what I see it will be inevitable, the current price is $9400 and it is slowly falling, so we will soon be at $7000

Summer isn't the best time of the year to expect a big rise in the bitcoin price but a full to $7k soon will a little bit unexpected. I think it will keep +$8k until August.

Perhaps you are right, but now I am watching for growth and it is very random at all times, but I haven’t yet observed below 9,000

[leowonderful]

I'm extremely bullish for the long term, so I would definitely agree that whatever coins I manage to buy through DCAing at these prices are most definitely a gift and will pay off in the future. Not trading leveraged anymore as we're seeing large stophunts now and things seem somewhat uncertain at this point in time, but I do not expect this bearish trend to last too long.

[slaman29]

I still think any price is a good entry, but of course those who got in at 3k will always be saying that this 9k level is also a gift, a 3x instant gains gift, and they may believe that the price could drop even lower, if not back to 3k, which will be the real present for all these speculators. Me, I'm ok with this price, I could even like it better lower!