"Bitcoin: Bearish Mood Strongest Since February"

[gantez]

even tradingview is being flooded by these. basically these are people who are confusing technical analysis with children's drawing and randomly draw lines on the charts thinking they have "analyzed" the market and publish their "valuable" findings!

  I actually followed some charts and got the more confused with trade. I guess the price direction is yet to be determined and it is wise to be careful or stay off for the moment.

[Reid]

One thing I am sure, it will not go as deep as 6k.
It might stay to 7500 but that is still in low possibility.
8k to 8500 could be its best rotation and it will not go much under those number.
We are too deep if we compare it to the price of bitcoin for this year.
Should have been at least 10k by now and fighting for that 12k once again.

[Yaunfitda]

One thing I am sure, it will not go as deep as 6k.
It might stay to 7500 but that is still in low possibility.
8k to 8500 could be its best rotation and it will not go much under those number.
We are too deep if we compare it to the price of bitcoin for this year.
Should have been at least 10k by now and fighting for that 12k once again.

So much resistance at the $9k levels. $8k-$8500 would be the norm. Similar to what we have witnessed in 2018, many months we still in the range of $6k-$6500 and we didn't break out until that fateful BCH vs BSV hashing war wherein bitcoin was the collateral damage.

So for now getting above $9k-$10k at the end of the year will be very difficult, maybe a few pumps here and there but I'm seeing 5 digit mark up until next year.

[gabbie2010]

One thing I am sure, it will not go as deep as 6k.
It might stay to 7500 but that is still in low possibility.
8k to 8500 could be its best rotation and it will not go much under those number.
We are too deep if we compare it to the price of bitcoin for this year.
Should have been at least 10k by now and fighting for that 12k once again.

The support at $7500 has proved to be very strong the price of bitcoin bounced off the support on several attempts based on daily time frame and truly the resistance at $8000+ is also proving had to break thus its like bitcoin is in ranging mode probably we haven't experience much bearish mood yet, my fear is that as we approach Christmas the down turn should not continue because of festive selling and withdrawals.

[buwaytress]

Well, god dammit, I thought we'd finally see something below 7500 this week, and then we all got to recover and try again this weekend. Only 8 days away til I gotta submit monthlies, so I'd really love if we get back to sub 7k even.

Aren't we at the strongest bearish mood already? You death crossers and TA guys keep disappointing me =p

Should have been at least 10k by now and fighting for that 12k once again.

Should have is a funny phrase in Bitcoin. Shouldn't have is what it keeps doing. 20k from under 1k in that little time? Shouln't have!

[BartS]

One thing I am sure, it will not go as deep as 6k.
It might stay to 7500 but that is still in low possibility.
8k to 8500 could be its best rotation and it will not go much under those number.
We are too deep if we compare it to the price of bitcoin for this year.
Should have been at least 10k by now and fighting for that 12k once again.

The price is now below 7500 after a bad day, for what I have seen in the past markets have a tendency to move much more than what it seems possible and this is even more true for a market with a high volatility like this one.

I will not discard a price of 6000 for each coin, it may not last long but it could definitely happen and when it does we need to take advantage of it since it could possibly be our last chance to buy bitcoin for such a cheap price.