Bitcoin Just Broke $10k

[logfiles]

Wow, a green Friday.. Looks like we might be in  for a good weekend and week.
Bolligerbands looking good on a 1-hour chart and RSI also not showing an over bought scenario yet after yesterday's pull back. Should be good to make some small profits while riding the small waves.
The 6 days or so have been so painful for day traders with barely any serious movements after the large drop.

[Thirdspace]

Did everyone still hope to $8800 or maybe $5000? Keep Hoping ~LOL

the possibility is always there, bitcoin could suddenly crash down to $5k
noone can guarantee 100%, we can only predict because currently the market shows bullish trends
and there is nothing special about breaking $10k, we've seen this a few times already
if bitcoin breaks $15k then it's a news, it would be the new peak price for this year

[WinslowIII]

Did everyone still hope to $8800 or maybe $5000? Keep Hoping ~LOL

the possibility is always there, bitcoin could suddenly crash down to $5k
noone can guarantee 100%, we can only predict because currently the market shows bullish trends
and there is nothing special about breaking $10k, we've seen this a few times already
if bitcoin breaks $15k then it's a news, it would be the new peak price for this year

Just think, the price went from $2s with 50 block rewards to $400s with 25 block rewards to $10k 12.5 block rewards. I wonder what prices 6.25 block rewards will be? And then 3.125?
Like Mcafee said, it's all in the maths. The train to own a whole bitcoin is moving...slowly...away......

[figmentofmyass]

Did everyone still hope to $8800 or maybe $5000? Keep Hoping ~LOL

be careful getting too confident. bitcoin tends to go further than everyone expects, in both directions. $5000 would be pretty crazy but down through the 20wma ($7900 rn) is "normal" for bitcoin.

the long term chart is most reminiscent of either 2012 or 2016. in either case, we're probably looking at another month or two of correction. maybe the bottom is in, maybe not. early bears got cucked on the last round, but you may find that early bulls get punished next time around. patience is a virtue in this market.

[michellee]

We are in the weekend and bitcoin still strong to increase. Hopefully, it could reach a higher price in the next week. I speculate to myself if the price can break $11k today, the price can increase higher tomorrow, but that will depend on the market movements too. The chart itself gives nice progress of the price, and from a few hours ago, bitcoin price still increases. Right now, the current price is at $10,800 according to bitstamp so we are close to reaching $11k and maybe we don't need to wait too long to see it reach that price.

[Botnake]

We are in the weekend and bitcoin still strong to increase. Hopefully, it could reach a higher price in the next week. I speculate to myself if the price can break $11k today, the price can increase higher tomorrow, but that will depend on the market movements too. The chart itself gives nice progress of the price, and from a few hours ago, bitcoin price still increases. Right now, the current price is at $10,800 according to bitstamp so we are close to reaching $11k and maybe we don't need to wait too long to see it reach that price.

That's weird, it's suppose to be selling time now as people loves to cash out in weekends, but it's a different trend we are seeing now.
I have no doubt that BTC could again break to $11,000, BTC is just stable increasing now, and we just need an increase of $200 now to break $11K.

[hatshepsut93]

I'm happy to see that the price reached this psychological barrier, if we'll hold it for a few weeks, then we'll see new price spikes - $15,000 and $18,000, maybe even above $20,000. Now is a good time to buy if you are still not sure, because soon people will blame themselves for not buying below $10k.

[Botnake]

I'm happy to see that the price reached this psychological barrier, if we'll hold it for a few weeks, then we'll see new price spikes - $15,000 and $18,000, maybe even above $20,000. Now is a good time to buy if you are still not sure, because soon people will blame themselves for not buying below $10k.

I'm expecting that price be achieve in the last quarter of this year, we need to see this price hold on because it's been weeks when BTC was trading below $10K and if it reach $10K, it never stayed longer, this time it was able to rise and will soon  trading at $11,000.

Trading volume is slowly increasing as well, but at the moment, it's all BTC and I'm afraid as BTC rises, altcoins might again get affected negatively.

$10862 is currently the 24 hours high in https://www.binance.com/en/trade/BTC_USDT.

[shoreno]

We are in the weekend and bitcoin still strong to increase.

That's weird, it's suppose to be selling time now as people loves to cash out in weekends, but it's a different trend we are seeing now.

and where did you get that info ? Theres no specific day or time about people to cash out or cash in but that will only depend on thier mood , schedule , or if they have a cash or not  .

 anyway , btc is now back again on track  and im also seeing greens now in regards to the value of btc  .  im still hopping that the up trend will continue until btc break another new record , so that alts and tokens will have a reason to follow up

[btc78]

https://whaleagent.club/bitcoin-bull-break-above-10000/


The bulls have done it!! We broke 10k, we broke the daily resistance, we broke the EMA resistances, it's a good day for the bulls!

We have broken the 10k price for I guess 5-6 Tim’s just this past Quarter so it’s a normal to expect since we’re already in bullmarket

But yeah this resistance for a week hinders is to grow high ,and seeing this now and also nearing $11,000 is a good indication that green market is too near and will be seeing 13k$ again

[veleten]

Wake me up when 1 btc = $1,000,000. Then I will think about spending some bitcoin on something cool, but never selling for fiat. 

that could be a one prolonged coma to wait for 1 mil usd per coin 
if you don't want to sell for fiat then you should never value it in fiat , say  "wake me up when  a  villa in Maldives or Monaco is worth 0.1 btc "
but the current rise from 9000$ to almost 11.000$ is promising , I was pretty confident it would go down a bit
and then a miraculous 4000 coins bought across exchanges to get the price up to 9400$ and we keep going up since then
wake me up when it costs 13.500$ so I can sell some , actually , don't -I have alerts set up anyways   

[eaLiTy]

The bulls have done it!! We broke 10k, we broke the daily resistance, we broke the EMA resistances, it's a good day for the bulls!

This is not the first time that the price of bitcoin has crossed the 10k mark in the past few months and it is not a big surprise either and moving forward we might even seen a pull back below $10k before the big rally which is expected to happen after halving, we are trading on a range bound for the past few weeks and the price is struggling to cross the resistance above $13k.

[serjent05]

This is not the first time that the price of bitcoin has crossed the 10k mark in the past few months and it is not a big surprise either and moving forward we might even seen a pull back below $10k before the big rally which is expected to happen after halving, we are trading on a range bound for the past few weeks and the price is struggling to cross the resistance above $13k.

Indeed, this is no surprise as you said, the good thing is after Bitcoin broke $10k barrier  there is a good chance that it will break $11k on the next couple of weeks.  Since according to one article:

Bitcoin’s repeated rebound from sub-$9,400 levels in the 13 days to July 29 likely indicates seller exhaustion. Another strong sign of bearish exhaustion emerged in the form of a long-legged doji candle on July 28, as discussed earlier this week.

https://www.coindesk.com/bitcoin-may-be-building-for-a-price-move-to-11k

This analysis simply tells us that there will be less sell order due to the bearish exhaustion.

[STT]

I just see it sideways, yea it bounced on 9000 a few times but I dont concur it must mean it goes up.   I just see it bouncing about like squash court, testing every wall.  Maybe 13k is next if the momentum is unimpaired.

be careful getting too confident. bitcoin tends to go further than everyone expects, in both directions.

Yep I echo that one, the dangerous thing is when everyone thinks it just keeps going up and forgets any caution about.    I dont know the magic which causes it but the price will fall when all people stand on the same side of the boat, its just a rowing boat and somehow its a bad idea if we all agree in that way and market reflects that.

 Same as 6 months ago, it was all great gloom.   We already fell and that means we shall never get back up and all it can do now is keep falling.    Seems I should have skipping through the forum waving my hands incredibly happy and bullish at this point.   I noticed a trend in Feb, regular and a good backbone but still I was not bullish nearly enough.    The worst mistakes are the lessons we must repeat continually for our failure to learn

[1Referee]

Now is a good time to buy if you are still not sure, because soon people will blame themselves for not buying below $10k.

It's a good time to buy until it isn't. It doesn't hurt to wait for some proper confirmations of the trend to actually reverse. People here always get overly excited about the price increase while this may yet be another bounce from where we will go down. Also, if you're long term minded, it doesn't really matter if you buy below or just over $10,000 because when you aim at $100,000 the difference is negligible.

The thing with people is that their ego makes them wait becauce they have a bias towards buying the perfect dip or selling the perfect top, while they ignore that this is nearly impossible. If you manage to do it it's more likely luck that worked out in your favor. Selling

[exstasie]

Now is a good time to buy if you are still not sure, because soon people will blame themselves for not buying below $10k.

It's a good time to buy until it isn't. It doesn't hurt to wait for some proper confirmations of the trend to actually reverse. People here always get overly excited about the price increase while this may yet be another bounce from where we will go down.

Yep, a lot still needs to happen before we can assume this uptrend has legs.

If July 28th was the bottom, then we've still yet to pull back and form a higher low on the daily chart. For now, this could still just be a dead cat bounce like July 17th-20th. We haven't established a progression of higher highs and lows yet.

I'm open to the idea that $9K was the bottom, though I don't love the structure. If it was the bottom, I think we'll chop around $10K-$13K for a month or two longer to work through the residual sell pressure before continuing the bull run.

[adaseb]

The $10K doesn't have as much meaning as it did with the initial run up. It had more of a meaning when it hit it the first time and when it pulled back and people were using $10K as support.

The area to watch right now is the $11139 area because it has a triple top setup in that area. And if this area gets broken then it'll head to the $13K area since the $9100 would be confirmed as a double bottom.

Most people were expecting $8K so the fact that $9100 held was very bullish.

[STT]

I dont see it ever had much meaning by itself.
 10,000 dollars is many different figures in many different currencies and none of them are perfectly aligned so every country has a seperate perspective on their own 10k figures, maybe thats why we keep going up and down as every nation believes they have got BTC summited at 10k, but at different times :p




The Japanese just got to 1 million YEN BTC, no wonder we are so bullish wow  

[Argoo]

The $10K doesn't have as much meaning as it did with the initial run up. It had more of a meaning when it hit it the first time and when it pulled back and people were using $10K as support.

The area to watch right now is the $11139 area because it has a triple top setup in that area. And if this area gets broken then it'll head to the $13K area since the $9100 would be confirmed as a double bottom.

Most people were expecting $8K so the fact that $9100 held was very bullish.

No matter how much we look at the charts, one thing is clear: now the second half of the summer, the time for vacations and the relative traditional calm in all markets. Therefore, prices in the cryptocurrency market will float until the autumn . Around the end of September, we should expect a good growth in the cryptocurrency market.

[Botnake]

We are in the weekend and bitcoin still strong to increase. Hopefully, it could reach a higher price in the next week. I speculate to myself if the price can break $11k today, the price can increase higher tomorrow, but that will depend on the market movements too. The chart itself gives nice progress of the price, and from a few hours ago, bitcoin price still increases. Right now, the current price is at $10,800 according to bitstamp so we are close to reaching $11k and maybe we don't need to wait too long to see it reach that price.

That's weird, it's suppose to be selling time now as people loves to cash out in weekends, but it's a different trend we are seeing now.
I have no doubt that BTC could again break to $11,000, BTC is just stable increasing now, and we just need an increase of $200 now to break $11K.

Well, people are too greedy after seeing the last known highest price, why would they have to sell now at this current rate of the market? Maybe some of them are starting to sell half of their portfolio's list to either buy Bitcoin or altcoins. People are HODLing right now since the current price is just a startup after that long weekend of staying in an almost bearish trend.

Maybe that's the initial reaction since  uptrend has just started, when price are once again stable, then maybe we will see the usual weekend sell.
Everyone is just observing right now, so far today, most dumps are just from the altcoins market.