Bitcoin Weekly Update 08-04-19: Bulls are back in town

[cryptoadvocate]

Hey all,

I do a weekly wrapup of Bitcoin price action. You can read the full thing here:

https://www.cryptoadvocate.net/post/bitcoin-weekly-update-08-04-2019

Thoughts/feedback encouraged.

[pooya87]

Thoughts/feedback encouraged.

since this is "market" aka "price" analysis then you should post it in the appropriate board: speculation board

secondly you can't just advertise your website link here and expect us to click it. i personally am reluctant to do that for these random new sites that keep popping up every day each doing the same thing.
post the contents here instead.

[Mandoy]

If we look at the charts and the value of bitcoin then we can tell that bulls are really back in town. But let us not be calm since there is still a chance that bitcoin will have experience a price rejection and may break the support value at 10,800$ down to 10,500$. But this time around the bearish will be temporary. In my opinion there is a high chance that bitcoin will continue to break the resistance level and may hit 18k$ by the end of the year.

[Rose_btc]

I completely agree with the daily analysis you have done also, as per the currently situation the resistance $12000 is about to hit. If the resistance does not break out then how can we conclude that it is a bull run.

[Deallove9]

The market is giving me concern over the price of btc as it seems not following the way and what technical analysis it should follow as lots of steps were been cut short by whales or should I say news around by the media as it has good endorse from some good countries like China.

[bolawin]

can it reach 15k this time?

[jossiel]

can it reach 15k this time?

What's your expected time to reach $15,000? we have reached $13,000 but it had to go down for awhile to $9,300 and then we suddenly saw the price rapidly increase to $11,800.

The key what mostly will say is that 'everything is possible'.

[felicita]

yes prize increase is huge currently we have around 7 % in only 24 hours up.
lets see when the fist will start to sell again


regards

[btc_angela]

can it reach 15k this time?

when's this time? This week? This time before a dip?  This month? This market cycle?

Personally I'm thinking it'll be soon within 6 weeks soon but that's just my guess. Everyone needs to do their own research and decide what they think and invest accordingly.

So, when Lambo? 

I'm also seeing $15k to be hit by September, need to really break the resistance of $12k-$13k. But since this market is unpredictable, I would say that most like by next month we could be seeing close to $15k.

[freedomgo]

can it reach 15k this time?

when's this time? This week? This time before a dip?  This month? This market cycle?

Personally I'm thinking it'll be soon within 6 weeks soon but that's just my guess. Everyone needs to do their own research and decide what they think and invest accordingly.

So, when Lambo? 

I'm also seeing $15k to be hit by September, need to really break the resistance of $12k-$13k. But since this market is unpredictable, I would say that most like by next month we could be seeing close to $15k.

Glad we are in the same page, let's welcome bullish prediction here and $15K is so bullish by the end of this quarter.
Looking forward to that happening and in order to really reach that soon, we should not fall again like what happen we fall below $10,000.
Price of bitcoin now stabilize a bit, hopefully this is preparing for its next step upward.

[Kemarit]

can it reach 15k this time?

when's this time? This week? This time before a dip?  This month? This market cycle?

Personally I'm thinking it'll be soon within 6 weeks soon but that's just my guess. Everyone needs to do their own research and decide what they think and invest accordingly.

So, when Lambo? 

I'm also seeing $15k to be hit by September, need to really break the resistance of $12k-$13k. But since this market is unpredictable, I would say that most like by next month we could be seeing close to $15k.

Glad we are in the same page, let's welcome bullish prediction here and $15K is so bullish by the end of this quarter.
Looking forward to that happening and in order to really reach that soon, we should not fall again like what happen we fall below $10,000.
Price of bitcoin now stabilize a bit, hopefully this is preparing for its next step upward.

Is it still based on what is going to happen next month. Although the market seems to be bullish currently, the price is slowly slipping down, today we have lost another resistance @$11600 so it's possible that the bears will take the market in the coming weeks.

So $15000 is possible next month, then we need some positive news that will push the price to that levels. The price can still go down below 5 digits again if we don't have any momentum and force to break the barriers on $12000.

[Oceat]

can it reach 15k this time?

when's this time? This week? This time before a dip?  This month? This market cycle?

Personally I'm thinking it'll be soon within 6 weeks soon but that's just my guess. Everyone needs to do their own research and decide what they think and invest accordingly.

So, when Lambo? 

I'm also seeing $15k to be hit by September, need to really break the resistance of $12k-$13k. But since this market is unpredictable, I would say that most like by next month we could be seeing close to $15k.

I have a feeling that Bitcoin would rise beyond $15,000 next month as we can see Bitcoin is in a stable price of $11k to $12k and it would probably gonna start to break $13,000 before this month ends. I just hope that next month would really break the $15k resistance or i might just gonna expect a stable price of $12k to $13k.

[RealMalatesta]

Is it still based on what is going to happen next month. Although the market seems to be bullish currently, the price is slowly slipping down, today we have lost another resistance @$11600 so it's possible that the bears will take the market in the coming weeks.

So $15000 is possible next month, then we need some positive news that will push the price to that levels. The price can still go down below 5 digits again if we don't have any momentum and force to break the barriers on $12000.

I am not expecting to take profit this year and I am not expecting any bull run this year until next year, so we should not be bothered if the bears takes over the market again and then drop the price again below $10k because if they do, that would just simply be another chance for new investor to enter the market.

By the time, the bears sells some of their investment now, and then exit the market, we will have new bulls that will kick start the price from where they left and it now depends on how  buoyant those bulls are that will make us to know if we will get to $15000 soon or not, but nth withstanding, I know that by the end of the month, the least price that bitcoin will rest on for the remaining part of the year would be that $15000, so all is still good even if bull run does not show up this year.

[buwaytress]

Let's hope OP returns here with content for the next week's analysis.

I mean, damn, he had no content except in the title and he's getting more responses than daily threads that actually have unique, original analyses.

The power of a good title or just a sign of what people who have something to say flock to?

P.S. BULLS can't be back when they never really left...

[YuginKadoya]

Well, OP might have a little something to take care of or a very busy person indeed for not updating weekly as he promises And I guess that his links were already dead because I can not open it, Well we can not blame him from not updating his thread for each and every one of us have their own different life,

And as of now, the price is at $11,254.01 USD I guess that we still have resistance from $11,500 USD the movement is still the same and the usual normal, No indication that it will increase anytime soon!

[omonuyak]

can it reach 15k this time?

What's your expected time to reach $15,000? we have reached $13,000 but it had to go down for awhile to $9,300 and then we suddenly saw the price rapidly increase to $11,800.

The key what most will say is that 'everything is possible'.

There is a possibility that bitcoin might hit $15,000 before end of this month and the healthy bearish reversal now is greatly welcome. Bitcoin might bance off from $10,800 which already happen this evening and recovery back to $13200 before end of this week and before month ending it might cross $15,000.

[Slow death]

Support: $10,800-11,200

Resistance: $11,500-12,000

current price:



It seems to me that the current situation is not the best and we are heading back to $9000 if in the next few days it does not rise again

can it reach 15k this time?

It is becoming very difficult to break the resistance at $13000. but in the long run something like 5 months from now we may see a price surpassing $15000

recovery back to $13200 before end of this week and before month ending it might cross $15,000.

I don't think the price reaches $13000 this week and I doubt the price reaches $15000 this month

[pooya87]

It seems to me that the current situation is not the best and we are heading back to $9000 if in the next few days it does not rise again

$10k is still a pretty strong support to be broken even though there still is some panic in the market. we have been in the same situation multiple times before and each time $10k keeps resisting the sells since there is a lot more buys happening against that.

I don't think the price reaches $13000 this week and I doubt the price reaches $15000 this month

that is not an easy thing to say. with the way things are going, we are again building up for another big breakout and the longer price stays in this sideways channel the bigger that FOMO buy is going to be.

[freedomgo]

can it reach 15k this time?

when's this time? This week? This time before a dip?  This month? This market cycle?

Personally I'm thinking it'll be soon within 6 weeks soon but that's just my guess. Everyone needs to do their own research and decide what they think and invest accordingly.

So, when Lambo? 

I'm also seeing $15k to be hit by September, need to really break the resistance of $12k-$13k. But since this market is unpredictable, I would say that most like by next month we could be seeing close to $15k.

Glad we are in the same page, let's welcome bullish prediction here and $15K is so bullish by the end of this quarter.
Looking forward to that happening and in order to really reach that soon, we should not fall again like what happen we fall below $10,000.
Price of bitcoin now stabilize a bit, hopefully this is preparing for its next step upward.

Is it still based on what is going to happen next month. Although the market seems to be bullish currently, the price is slowly slipping down, today we have lost another resistance @$11600 so it's possible that the bears will take the market in the coming weeks.

So $15000 is possible next month, then we need some positive news that will push the price to that levels. The price can still go down below 5 digits again if we don't have any momentum and force to break the barriers on $12000.

At least we are not yet seeing bitcoin to really down below $10,000 hard, it's still in a good level and a recovery level.
Big resistance is hard to break, if no news that would cause some speculation, we will be swinging at this range only, and support might not be able to hold in the long run.

I'm optimistic soon we will have a good news, seems like the market is running out of good news that would hype people again, but anyway as long as price would dump like last year, we just have to appreciate the situation now.

[Jating]

^^ I don't know what factors that convinced investors to sell bitcoin as the market is in red right now. Not much good news either, so I'm thinking that investors are just getting their profit. The good news is that the price is still above $10k and it may take some time to see the price trying to break the $12k barriers.

So let's remain optimistic here that the price won't go sub five digits and let the price goes on the $10k-$11k and somewhat stable and then wait for the next big news to push the price to $12k-$15k or even more. The bears is still present, but the bulls are just resting and anytime we will see it making another run.