the price of bitcoin again above 10,000, where it will move ?? interesting

[STT]

The price is moving past the 50 day average, so we have been below and negative in general action.  We lost a positive trend and speculators came in estimating prices from 9000 down to 6000 possibly however we have failed to lose 9000 as a low and so right now we bounce back and exceed this rough measure of medium term trend.



The qualifier I will add is that a daily bar as these are do need to close out to be closed finished and complete in the confirmation.   So we are still in a speculative move through the 50 moving average until later tonight.

Also I included the volume as I think this is not a strong break but a drift upwards on no general selling.   If we dont receive volume then time brings some confirmation which requires patience in drawing conclusions.

[michellee]

The price now is on the right way to increase although the price is not moving so fast the price is slowly to increase. Soon, the price will break $11k, and I hope that it will happen in the next weeks, and we still have many times to see it will increases. If in this month, bitcoin price cannot break $15k, then we need to be patient for more because no one will know when the time for bitcoin to increase and we don't have to feel bad to wait.

[BitHodler]

We lost a positive trend and speculators came in estimating prices from 9000 down to 6000 possibly however we have failed to lose 9000 as a low and so right now we bounce back and exceed this rough measure of medium term trend.

That wick to ~$9100 was slightly above the previous low of ~$9050 which understandably made people believe lower levels were due. Those who quickly shorted thinking to ride the market down are rekt now.

At least wait for the ~$9050 low to actually break and then short. It would have saved them a lot of money. People tend to be so greedy or overly confident in their own analysis that they legit think they can't lose a trade.

I do watch the videos of Alessio Rastani on YouTube, and it doesn't matter what Bitcoin does, he always assumes that the price has to come down in order to confirm a bottom or a test of the 21EMA.

He was like that when we pumped from $4000 to $5000 and he is still like that today....

[exstasie]

I do watch the videos of Alessio Rastani on YouTube, and it doesn't matter what Bitcoin does, he always assumes that the price has to come down in order to confirm a bottom or a test of the 21EMA.

Well there's something to that line of thinking. There's this idea that markets have either "price" corrections (deep, crashing) or "time" corrections (shallow, sideways).

Going back to 2012, Bitcoin always comes back to test the 20-week EMA (currently $8,440) numerous times during bull trends. The tricky thing is, you can't know before the fact which kind of correction to expect.

The current correction off $13,800 is acting more and more like a "time" correction, where reaching the 20-week EMA is a matter of waiting rather than dropping. By the time we touch it, it might be in the $10,000s.

[pieppiep]

Wow bitcoin get down again this day and compare to yesterday, the price now reaches $10,600 but the line still moving up to the higher price. I guess that tomorrow the price will reach a higher price, but that is only if there is a big demand in the market that will help the price to increase. So far, after it reaches $10,600 according to poloniex, the price slowly rises to the next higher price, and it still increases. The order buy and sell position at the market is moving fast, and if you check on the market, you can see that the price wants to break the higher price.

[LogitechMouse]

There are 2 scenarios that I think will happen. I just watched it from youtube.

1. I think it will test the 21 weekly moving average which is around 9000-9500 anytime if it goes below that level, the possibilities of Bitcoin going to 8000 or even 6000 is higher. This means that the bears have control of the market.

2. If the bulls have control of the market, I think it will retest its previous highs of 13,000 and if goes higher then a probabilities of passing its 2019 year high of around 14,000 is will go higher.

I believe that the scenario 1 will more likely to happen and if that happens, it will be accumulation time .

[Red-Apple]

once again bitcoin price rise slows down and everyone starts to repeat the same old stories all over again. and each time the scenarios are always the same. price stabilizes then it has some small drops where everyone starts predicting doomsday and much bigger drops while bitcoin stays the same price as before. then the breakout happens and all those people do a FOMO and cause a big spike upwards.

so i guess the next move is going to be breaking above $12k and then a FOMO to reach $18k in less than a week.

[btc_angela]

once again bitcoin price rise slows down and everyone starts to repeat the same old stories all over again. and each time the scenarios are always the same. price stabilizes then it has some small drops where everyone starts predicting doomsday and much bigger drops while bitcoin stays the same price as before. then the breakout happens and all those people do a FOMO and cause a big spike upwards.

so i guess the next move is going to be breaking above $12k and then a FOMO to reach $18k in less than a week.

Not sure about the move to $18k though, it looks like $11k is a big psychological barrier as the price tanks around $10,700-$10,800. Last couple of weeks we have seen lots of so called experts predicting the price could go as low as $7500, specially when bitcoin briefly touches $9200. But look at the price right now, lol. Next set of FOMO could push the price to $15k, but probably next month. So let's see how everything pans out.

[odeskpawan]

Bitcoin’s price will keep increasing regardless of all the obstacles it has placed in its way. 2019 has been bullish for the crypto and speculations are being made of it even touching the $20,000 mark by the beginning of 2020.  Even the Bank of China is promoting Bitcoin to its customers. Biggest of all, none of the world governments or its laws govern the virtual currency which will always be an advantage for it. 

[YuginKadoya]

Bitcoin’s price will keep increasing regardless of all the obstacles it has placed in its way. 2019 has been bullish for the crypto and speculations are being made of it even touching the $20,000 mark by the beginning of 2020.  Even the Bank of China is promoting Bitcoin to its customers. Biggest of all, none of the world governments or its laws govern the virtual currency which will always be an advantage for it. 

Regardless of the movement of bitcoin this time that is Bullish the price may surely reach $20,000 USD this time and that many are coming back with Bitcoin that is why even though bitcoin is increasing in price there are still many that are against it and they are referring to the bubble that once bitcoin reaches its course and All-time high, Well I have been a bitcoin enthusiast ever since and I guess that is just a correction they are experiencing not a bubble.

[Reatim]

the price of btc move'' to 10000 while other not so much, and interesting will be to know what the outcome will be after all this) time>

Would you please pause for a while posting this kind of topics?everytime Bitcoin price moves you almost seems to recording it over and over again

Aren’t you getting very upset whenever this happens?why not instead of posting to asked about the situation is just stop checking the market value and trust your coins

You have to be ready for all scenarios possible especially when there are a lot of shill accounts ready to blast anyone thinking outside their little box.

What do you mean by Shill Accounts that ready to Blast anyone?

Lol whales will do this for the dump if we will believe their manipulating strategies

[Carreuh]

It is very happy if the movement of bitcoin starts to rise but sometimes bitcoin only goes up by itself Not followed by altcoin, there is even altcoin which slides when bitcoin rises but even so we must remain standing where we are more confident to invest, even though the price is uncertain

[South Park]

It is very happy if the movement of bitcoin starts to rise but sometimes bitcoin only goes up by itself Not followed by altcoin, there is even altcoin which slides when bitcoin rises but even so we must remain standing where we are more confident to invest, even though the price is uncertain

And why it is so important that alts follow bitcoin? If bitcoin is the coin that is presenting the biggest movements and profits then concentrate in bitcoin and forget about alts, it seems to me that some traders live under the illusion they control the market when that is not the case, the market does not care about our expectations or wants, we can give explanations about why the market moves the way it does but it does not change the truth that most altcoins are simply not profitable now and you should avoid investing in them.

[Rafif000]

it's often the case that bitcoin can rise quickly whenever it wants, maybe some investors always monitor the price of bitcoin and when bitcoin rises people will think of bitcoin, while altcoin is not moving because traders are still focused on the price of bitcoin..