Bitcoin Price Bounces Back to $10K on Fresh Bullish Sentiment

[Slow death]

Here is the news:

Bitcoin Price Bounces Back to $10K on Fresh Bullish Sentiment




Bitcoin (BTC) price regained $10,000 Aug. 15 restoring investor confidence just hours after touching a higher low of $9,500 compared to the $9,300 dip in late July.

Bitcoin price embraces five figures

Data from Coin360 shows BTC/USD put in a sudden rally on Thursday, gaining more than 5% in hours and subsequently holding onto support above $10,000.



The latest break to the upside reinforced an already positive mood among traders and analysts, who earlier recommended not treating Bitcoin’s dip to four figures as proof of a bear market return.

As Cointelegraph reported, it was Peter Brandt who led calls for calm, arguing Bitcoin’s 2019 bull run still clearly outperformed its efforts between 2015 and 2017.

Other well-known faces, such as Kim Dotcom, joined in, the tech mogul calling on Twitter followers to exit stocks and pile into both Bitcoin and gold.

“Trust me,” he wrote on Wednesday, even as BTC/USD continued on its 15% two-day fall.

At press time, Bitcoin was trading at over $10,100, reducing its 24-hour losses to just over 3%. The uptick also went some way to lessening the impact of the previous drop on altcoin markets, the latter nonetheless still trailing losses of 10% or more.

Read more: https://cointelegraph.com/news/bitcoin-price-bounces-back-above-10k-on-fresh-bullish-sentiment


today the price dropped to $9900, it was the more lower that I saw falling in binance, but leaving that aside now that the price has returned to $ 10,000 and I see this news, makes me question about these predictions:

Keiser: Bitcoin Could Cross $15,000 This Week, No Trust in Centralization ( the price did not reach $ 15000, on the contrary it fell below $ 10,000 )

Bitcoin Going to $100K After ‘Steady Accumulation,’ Says Crypto Trader

John McAfee Doubles Down on $1M 2020 Price Prediction for Bitcoin

Is there any analyst in the crypto world that we can take seriously? it seems to me that everyone makes analyzes that are a joke

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[Theb]

I'm not closing my doors on believing these so-called "analysts" on what they are saying but sometimes even they are the ones who are discrediting themselves with their wrong predictions, some of them even change their prediction/analysts midway when things are starting to shift out away from their original predictions. Another thing is that some of them don't even have the proper words to back up the target price they are saying it makes them look like they are just hyping Bitcoin up rather than analyzing it which ruins their analysis if there is any. Especially when some "analyst" talks about long term price predictions and we are talking about 2 to 3 years away from the current market situation. You barely see an analyst on where you can based your decisions more and it's hard to always believe in what they are saying especially if you don't know yourself what you will do in the market.

[Lanatsa]

Is there any analyst in the crypto world that we can take seriously? it seems to me that everyone makes analyzes that are a joke

None of them should be taken or listened seriously.An avergage joe can make its own predictions similar to these people the only difference is that these ones are popular that's why their words do have some significant impact that can really get attention.

When bitcoin price dip to 9500 bottom I thought we would heading back again on 8k price but it seems the market does tank on these ranges.Its good to scalp right of this moment yet movements are too good to utilize to make money.

[LeGaulois]

Analyses are just useful for the short term to me, a week or 2 at max. You cant' rely on for the long term, so many things can happen between. Longer than that it becomes a prediction. I can make a lot too (and tell you it's based on the Bible or Nostradamus prophecy).

The public figures bragging their predictions on social media do it for a purpose. "Look at me". They have 50% to be right 50% to be wrong. McAfee is an alcoholic, don't listen to, they're pathetic liers. Keiser, I'm not better than him it's something sure, but I wouldn't consider him a reliable person to follow.

[Kemarit]

I've seen the price drops as low as $9600 and thinkng 'here we go again'. And just like that the price seems to bounce back again indicating that we are really in a bullish sentiments and investors and even casual joe's can't take their eyes on the price and every dip in a opportunity to even purchase more.

Let the analyst do their thing, at the long run, it could bring fresh new wave of FOMO and push the price even more. But we all know that there are no experts here, but most of the time, it gives me a good chuckle to read those predictions. and then brag about it when in their social media accounts.

[jossiel]

Is there any analyst in the crypto world that we can take seriously? it seems to me that everyone makes analyzes that are a joke

Maybe few of them are giving reliable predictions but taking them seriously depends on how you trust them. Most of these analysts has given those predictions and failed just like Mike Novogratz prediction last year.

And that made the belief and confidence with everything they say to be doubted by their listeners. Those high predictions, it's up to you if you'll take the hope with them but in the end, it's still us who'll rely on the market not with their predictions.

[Distinctin]

As if there's something new here, Bitcoin always bounce back this year consistently and that's a good thing in the market that we can call it bullish already.
If BTC starts and continue to rise again, that's well and good but the possibility of it dropping again is possible.

Right now, let's just hope that it will finally make a high by breaching over $13,000 so the party will continue.
The change of BTC reaching $20,000 this year and makes a new ATH is still alive with the way it's moving that it bounces back every time it dumped.

[btc_angela]

As if there's something new here, Bitcoin always bounce back this year consistently and that's a good thing in the market that we can call it bullish already.
If BTC starts and continue to rise again, that's well and good but the possibility of it dropping again is possible.

Right now, let's just hope that it will finally make a high by breaching over $13,000 so the party will continue.
The change of BTC reaching $20,000 this year and makes a new ATH is still alive with the way it's moving that it bounces back every time it dumped.

It looks like we spoke to soon as the price broke the 5 digit mark again and it seems that the price is somewhat stalling and trading sideways for the past two days. I don't know what trigger such dump, perhaps if has something to do with CSW threatening to dump BTC again and people took negatively and started to sell. So let us see what's going to happen next, not good to see it ~$10k, but knowing BTC most of the time it goes on the opposite direction when people expect it to go down again.

[Jating]

As if there's something new here, Bitcoin always bounce back this year consistently and that's a good thing in the market that we can call it bullish already.
If BTC starts and continue to rise again, that's well and good but the possibility of it dropping again is possible.

Right now, let's just hope that it will finally make a high by breaching over $13,000 so the party will continue.
The change of BTC reaching $20,000 this year and makes a new ATH is still alive with the way it's moving that it bounces back every time it dumped.

It looks like we spoke to soon as the price broke the 5 digit mark again and it seems that the price is somewhat stalling and trading sideways for the past two days. I don't know what trigger such dump, perhaps if has something to do with CSW threatening to dump BTC again and people took negatively and started to sell. So let us see what's going to happen next, not good to see it ~$10k, but knowing BTC most of the time it goes on the opposite direction when people expect it to go down again.

Let's forget about CSW. We are in a fresh bullish sentiments because of the Bakkt factor here. I think this news is really bullish or could start the next run. Everyone here is waiting for any news that will boost the market again so for me this is it.

Although some analyst are worried about the looming descending triangle, I guess it will be nullify by the fresh bullish sentiments.

[thecodebear]

Looks like the correction from the June local high is starting to come to an end. This Fall could very well take Bitcoin close to the 2017 peak as the next step on in this young bull market.

[SquallLeonhart]

I doubt it will take it to 2017 peaks ever again, I mean that was 20 thousand dollars! In order to bring the price to that level we need to have another money pouring in and big mainstream media etc deal going on and that is not something we are getting nowadays.

Remember when price was at around 1-2 thousand dollars back in 2017 there was almost no mainstream media on television talking about bitcoin and when it reached 10 thousand all of a sudden all television channels and all news channels started to talk about bitcoin a bit which made it go to 20 thousand dollars, now we are back on 10 thousand and nobody talks about us anymore, which means new money coming in has to be people who are still checking bitcoin these days even if they are not going in and that is not enough money to make it 20 thousand again.

[buwaytress]

I doubt it will take it to 2017 peaks ever again, I mean that was 20 thousand dollars! In order to bring the price to that level we need to have another money pouring in and big mainstream media etc deal going on and that is not something we are getting nowadays.

Remember when price was at around 1-2 thousand dollars back in 2017 there was almost no mainstream media on television talking about bitcoin and when it reached 10 thousand all of a sudden all television channels and all news channels started to talk about bitcoin a bit which made it go to 20 thousand dollars, now we are back on 10 thousand and nobody talks about us anymore, which means new money coming in has to be people who are still checking bitcoin these days even if they are not going in and that is not enough money to make it 20 thousand again.

2016 chatter is still very fresh in my memory and I remember very well people still referring to the ATH at the time of about 1400... and how Bitcoin was struggling to even get to half of that. Plenty of people thought it was time to give up and get realistic.

Now I'm not saying getting from $500 to 1400 is at all the same as getting from 10500 today to 20000 again. Percentage is a monster at different price ranges and there's a lot of nuance but it's not difficult to see at all how it can happen.

[gantez]

Looks like the correction from the June local high is starting to come to an end. This Fall could very well take Bitcoin close to the 2017 peak as the next step on in this young bull market.

I'm also thinking is time to hodl more. The improving move since seven days ago has really been slow and steady, it will get to a time when volatility will be uncontrollable.

[LUCKMCFLY]

The bullish sentiment is being present, many events worldwide that are helping to increase Bitcoin, some nations have given permission for them to operate with Bitcoin, coupled with economic problems of a traditional nature such as inflation have caused many people to take the decision to invest and take refuge in Bitcoin, because the demand can gradually increase and the price will go up progressively.

  In many technical analyzes of many traders worldwide, they give as a prediction the price increase, but remember that the market is often moved thanks to people's emotions, and this is what the whales know, it is necessary to be prevented because the market in general many times it does the opposite of what we think or what the news can give, remember that the Strong Hands are the ones that manage their movements that have been studied previously, and although we are in a stage of beginnings of bullish tendency, price drops may occur, only with the intention of winning some Bitcoins with the Stop Loss of the people, and then continue their upward path.