Bitcoin Weekly Update: Range Highs Taken? What's next for BTC?

[cryptoadvocate]

Continuing my series of weekly updates on Bitcoin price action, the latest looking at the weekly ranged that has been defined by Bitcoin and how price has interacted with it. Never a guaranteed outcome but worth looking at the recent range high rejection and what that means for Bitcoin.

Full thoughts here: https://www.cryptoadvocate.net/post/bitcoin-weekly-update-10-13-2019

[adroitful_one]

Good read. I pretty much agree with everything you mentioned. I also think that a good buy in price is somewhere between where we're at now and $7500. If you're looking to buy, I don't think you'll end up doing too bad at this price. I think we'll see another $9500-$10k within the next couple weeks. Probably sometime whenever we get closer to that $7624 mark you mention in your article.

[cryptoadvocate]

Good read. I pretty much agree with everything you mentioned. I also think that a good buy in price is somewhere between where we're at now and $7500. If you're looking to buy, I don't think you'll end up doing too bad at this price. I think we'll see another $9500-$10k within the next couple weeks. Probably sometime whenever we get closer to that $7624 mark you mention in your article.

Yea, I buy spot every week, at least when I think price is in a good long term position.

If I had to guess at BTC PA over coming weeks/months I'd say take out range lows below $7600, find way back up to $9500, eventually see high $6ks after that before seeing new highs

[hugeblack]

There is no positive news and there is no positive reaction to the market so it is difficult to reach the resistance level at $ 8700 and thus rise to the level of $ 9000.
I am also against the collapse of $ 7600, so we are likely to remain at $ 8,000 for a while "at least for the short time."
Thanks for the good analysis.

[bassbity]

Good read. I pretty much agree with everything you mentioned. I also think that a good buy in price is somewhere between where we're at now and $7500. If you're looking to buy, I don't think you'll end up doing too bad at this price. I think we'll see another $9500-$10k within the next couple weeks. Probably sometime whenever we get closer to that $7624 mark you mention in your article.

Yea, I buy spot every week, at least when I think price is in a good long term position.

If I had to guess at BTC PA over coming weeks/months I'd say take out range lows below $7600, find way back up to $9500, eventually see high $6ks after that before seeing new highs

I don't even think that bitcoin is reaching its lowest point in the next few weeks, let alone under $ 7600 my thoughts about bitcoin buying bitcoin are now around $ 8.3k and waiting for good results next month many speculate it will reach $ 9500, so for the next month will not fall below $ 8,000.

[Shasha80]

I think Bitcoin won't go down to $ 7,700 this week, its position is stable at $ 8,300 then just waiting for a breakout to $ 8,700.
If it has broken the resistance price, of course Bitcoin will go to the next target at $ 9500. My prediction is possible it's wrong,
but I still hope that Bitcoin this week can break through the price of resistance at $ 8,800. Even if it goes down it's still above
the price of $ 8000. We will continue to see further developments.

[BitHodler]

I think we'll see another $9500-$10k within the next couple weeks. Probably sometime whenever we get closer to that $7624 mark you mention in your article.

Extremely unlikely if we don't see the price regain strength by closing above the 200 daily moving average. It's not looking good because whenever we close below it, we tend to hover below it at least for a couple of months.

The same applies to when we close above it, so that's what I am waiting for in order to change from bearish to bullish---for now I'm expecting lower lows where $7-$7.5k is a very realistic scenario even though people don't want that to happen.

[beerlover]

my thoughts about bitcoin buying bitcoin are now around $ 8.3k and waiting for good results next month many speculate it will reach $ 9500, so for the next month will not fall below $ 8,000.

I am sure the resistance around $8300 will keep on holding which will push prices to recover further toward $9000 and then $9800 levels. It means we may go buying right away with both short term and long term plans of trading/investment. In short term, prices may test $8050 again before testing $8600 levels still it is mostly unlikely to happen. So, buying right now will not disappoint anyone even in short term.

My prediction is possible it's wrong, but I still hope that Bitcoin this week can break through the price of resistance at $ 8,800.

With respect to time frame, you may turn wrong but who know, $8800 levels may happen at any time. Last week, we have seen prices failed to sustain around $8600 levels hence this week breaking $8600 levels will definitely open roads for prices to test above $9000 levels easily.

[nasipadang]

Continuing my series of weekly updates on Bitcoin price action, the latest looking at the weekly ranged that has been defined by Bitcoin and how price has interacted with it. Never a guaranteed outcome but worth looking at the recent range high rejection and what that means for Bitcoin.

Full thoughts here: https://www.cryptoadvocate.net/post/bitcoin-weekly-update-10-13-2019

I have read your article, technical analysis is very interesting if we understand where and when we will move. the technical analysis that you made really helped me, because waiting halving is too long, maybe I'll wait when the price is at 7000-7500 2 weeks. Thank you for sharing information, I have read several other articles that you made.

[Willitivity]

Continuing my series of weekly updates on Bitcoin price action, the latest looking at the weekly ranged that has been defined by Bitcoin and how price has interacted with it. Never a guaranteed outcome but worth looking at the recent range high rejection and what that means for Bitcoin.

Full thoughts here: https://www.cryptoadvocate.net/post/bitcoin-weekly-update-10-13-2019

This was very insightful and we'll laid out. Bitcoin ride to the 9k levels won't be very easy as at now, there are few resistance along the way that need to be broken. It could keep swinging within this current region for sometime, maybe a little dip by weekend and hopefully a push from next week.

[cryptoadvocate]

Continuing my series of weekly updates on Bitcoin price action, the latest looking at the weekly ranged that has been defined by Bitcoin and how price has interacted with it. Never a guaranteed outcome but worth looking at the recent range high rejection and what that means for Bitcoin.

Full thoughts here: https://www.cryptoadvocate.net/post/bitcoin-weekly-update-10-13-2019

I have read your article, technical analysis is very interesting if we understand where and when we will move. the technical analysis that you made really helped me, because waiting halving is too long, maybe I'll wait when the price is at 7000-7500 2 weeks. Thank you for sharing information, I have read several other articles that you made.

Thanks, hope you continue to read!

[cryptoadvocate]

Continuing my series of weekly updates on Bitcoin price action, the latest looking at the weekly ranged that has been defined by Bitcoin and how price has interacted with it. Never a guaranteed outcome but worth looking at the recent range high rejection and what that means for Bitcoin.

Full thoughts here: https://www.cryptoadvocate.net/post/bitcoin-weekly-update-10-13-2019

This was very insightful and we'll laid out. Bitcoin ride to the 9k levels won't be very easy as at now, there are few resistance along the way that need to be broken. It could keep swinging within this current region for sometime, maybe a little dip by weekend and hopefully a push from next week.

Thanks for the kind words

[maydna]

I am afraid we need to be patient this week because now, bitcoin price is below $8000, and it seems the price hard to increase to the higher rate. We need to be ready if bitcoin price is down for more, and I guess that will be a good time to load some more bitcoin. If the situation like this until tomorrow, then we might see the price will go down again but nothing we can do to know until how much the price will go down. We could only prepare for the worst thing that can come anytime while we can try to place the order buy at a low price. There is a big wall to prevent the price from increasing more than $8000, so we can hope that the wall will be released if there is good news for bitcoin so the price can start to rise again.

[Herbert2020]

once again we are in yet another sideways market and as price stays in this area it becomes increasingly difficult to predict which direction it will go in. if you ask me i don't see any reason for a drop specially since it was tried a couple of times and each time it failed to push the price any lower than this into smaller price levels. so we can expect to see $8k +- $300 for some time before the accumulation ends and the price can finally get back to normal levels.