Bitcoin start to rebound? Next Target $8.6K?

[kevin AB]

Technical Analysis: Bitcoin start to rebound? Next Target $8.6K?


Since the Mid of July 2019, the Bitcoin price have been sidelined from it’s 2019 highest price at $13,000. Start from there, the price slowly drop to $10,000 on September. Most recently the price go down at $8,000. Many investors have asking where is the floor and when Bitcoin will start to rebound?

Still some of the market analyst are calling for another 25% drop to $6,000, which is where a number of traders believe the cryptocurrency market will find an ultimate bottom before a multi-year bull market.

But there is trusted evidence suggesting that the 1st cryptocurrency will soon reverse rebound.

Mohit Sorout, Market analyst at Bitazu Capital, noted that a number of Bitcoin indicators are reaching an inflection point, which he believes is where BTC’s price will finally bounce. “[The] Relative Strength Index, positive Directional Indicator, and negative Directional Indicator all have to reset to an important horizontal level,” he argued before adding that “such levels have only one job: to turn the BTC price around.”

Click here for the full graphs https://maishince.online/technical-analysis-bitcoin-start-to-rebound-next-target-8-2k/

According to another veiw from Analyst in Tradingview (Mr AlanMaster) suggesting that the Bitcoin are in rebound phase and estimate price can go high up to $8,600.

In his comment, he are assuring that Bitcoin are showing reversal signals.

He added in that ” Price now moving above EMA10 and gaining momentum. If this movement continue, we can expect Bitcoin to hit $8,088 easily followed by $8,200 .

“The $7,800 – $7,900 is where we can find string support. If prices move lower, this will be very important level ” said him in the comment.

Details in here guys : https://maishince.online/technical-analysis-bitcoin-start-to-rebound-next-target-8-2k/


What do you think?

Is it we already found the floor and Bitcoin will start to rebound?

[teosanru]

Technical Analysis: Bitcoin start to rebound? Next Target $8.6K?


Since the Mid of July 2019, the Bitcoin price have been sidelined from it’s 2019 highest price at $13,000. Start from there, the price slowly drop to $10,000 on September. Most recently the price go down at $8,000. Many investors have asking where is the floor and when Bitcoin will start to rebound?

Still some of the market analyst are calling for another 25% drop to $6,000, which is where a number of traders believe the cryptocurrency market will find an ultimate bottom before a multi-year bull market.

But there is trusted evidence suggesting that the 1st cryptocurrency will soon reverse rebound.

Mohit Sorout, Market analyst at Bitazu Capital, noted that a number of Bitcoin indicators are reaching an inflection point, which he believes is where BTC’s price will finally bounce. “[The] Relative Strength Index, positive Directional Indicator, and negative Directional Indicator all have to reset to an important horizontal level,” he argued before adding that “such levels have only one job: to turn the BTC price around.”

Click here for the full graphs https://maishince.online/technical-analysis-bitcoin-start-to-rebound-next-target-8-2k/

According to another veiw from Analyst in Tradingview (Mr AlanMaster) suggesting that the Bitcoin are in rebound phase and estimate price can go high up to $8,600.

In his comment, he are assuring that Bitcoin are showing reversal signals.

He added in that ” Price now moving above EMA10 and gaining momentum. If this movement continue, we can expect Bitcoin to hit $8,088 easily followed by $8,200 .

“The $7,800 – $7,900 is where we can find string support. If prices move lower, this will be very important level ” said him in the comment.

Details in here guys : https://maishince.online/technical-analysis-bitcoin-start-to-rebound-next-target-8-2k/


What do you think?

Is it we already found the floor and Bitcoin will start to rebound?

Actually the rebound is great because we were about to make a death crossover on daily chart and this bullish move has just suspended this which means the price action will take support at MA200 and then we will be going upwards. I think if we stay here for a day or two we will be going up to 8600 until the end of this week which can be good target to look at. Moreover I think it's still difficult to say that we are completely out of the danger of bear run.

[Wexnident]

I suppose we can assume a floor has been hit. Its the Q4 and bitcoin is nearing its halving so I'd expect a rebound sooner or later. Price shouldn't drop from 7500$ or lower by my estimates (imo). Although I don't expect it to go past 8500$ for the rest of the week at the very least. I'd expect a sideways movement slowly going upwards, and by the end of the year, reach its highest and slowly bound down until the halving in May.

[LeGaulois]

If you are one of those people who think Bitcoin will rise sharply in the coming months because the Bitcoin halving is coming, you are wrong We usually notice the rise after, ... long after. Look what happened during the last halvings.

Back in 2016, there was a little buzz too, which raised the price a bit a month or 2 before. But then what happened next? I'm going to tell you: nothing important, the price even failed. It took several months to see a clear and sharp rise. It also took almost 2 years to see an ATH.

Check out back in 2013, you will surely see the same behavior...

[ecnalubma]

Some analysis make sense but the real game here is patience, unless our target is for short term then we should look closely at the market movements and considering every possibilities. History might not really coincide with the future but it can also serve as a good reference.

[Ayiranorea]

The price of bitcoin stands above $8200 at present, and we don't know how long this growth will get continued. Today the price of bitcoin has grown to $8280. Now what we see with the price seems to make a bull trend on the market through the continued circulation of the bitcoin. Somehow we can get good profit if we maintain patience.

[Ferris419]

Actually, I was ready for the bear run, as I am seeing the bear prediction everywhere and last year, this time the crypto market had a huge dump. But BTC at 8200 USD rebounds giving me a strength to believe that the bear run is not here to come again and Now, I am thinking that Bitcoin can go down at 7K USD, but the bear market won't come this year!

[enhu]

Most of us are bullish!

The price of bitcoin stands above $8200 at present, and we don't know how long this growth will get continued. Today the price of bitcoin has grown to $8280. Now what we see with the price seems to make a bull trend on the market through the continued circulation of the bitcoin. Somehow we can get good profit if we maintain patience.

Its price keep bouncing up when it touches $8k to $8,300 this will actually give you profit if the price just keep doing it for weeks. If you can just make a good timing when to sell and when to buy at least you can grow your BTC by scalping every time it retraces back to its resistance. I'd be doing it when it hit the new target at $8.6.

[Darooghe]

Amazing how many articles are written. Bitcoin stalls, doubts arising, could be, should be, unlikely, growth and etc. all this in a very short timespan. A few hours later all these articles are worthless and irrelevant.

There are many speculations what ever the BTC will go up or down. And no-one can say without a doubt that you should buy or sell. What I can say is just try to look at news about the crypto you want to buy or sell. In your case BTC. So there is no good answer, because 50 percent of the people will say sell, and 50 percent will say buy. Anyway, In my opinion we are approaching resistance on the weekly RSI, if we can manage to push through this we could have a shot at the mid to upper $8,000 and hopefully some more great short opportunities.

[The Sceptical Chymist]

What do you think?

Is it we already found the floor and Bitcoin will start to rebound?

Eh, maybe--but there's no way to tell, is there?

I checked the price a few hours ago and it was above $8200 which was nice to see, but now it's dropped back somewhat.  I really don't see anything going on in the price movement that would indicate a trend.  This is just normal market fluctuations we're seeing.  Bitcoin would probably have to shoot past $8500 and maintain some kind of level above that before we know something's happening for real.

Its price keep bouncing up when it touches $8k to $8,300 this will actually give you profit if the price just keep doing it for weeks.

Sure, that's exactly what day traders do and it works until it doesn't work.  Just be careful if you're betting on fluctuations, because bitcoin does have a tendency to surprise everyone and begin to move in crazy directions very quickly. 

I'm a buy-and-hold kind of guy, so I won't be attempting to time the market.  I'm happy just accumulating some coin right now.

[mazdafunsun]

Not impressed by this TA. My view is that there is higher possibility that bitcoin will revisit 6000 USD price level then it will start a all time run now.  I do not see this as significant level, also the other finacial markets are not going something unique now to think that BTC will have new money now.

[AjithBtc]

There is more growth to happen, because earlier prediction was for a price crash reaching low to $6500. As the price barrier of $8000 didn't got broken the growth has taken the forward momentum. Once it dropped low to ₹7800, but the same got recovered in a very small time period. By that time if the price has continued to crash now the price could've been found close to $6000 as per the predictions and TA of experts.

[btc_angela]

There is more growth to happen, because earlier prediction was for a price crash reaching low to $6500. As the price barrier of $8000 didn't got broken the growth has taken the forward momentum. Once it dropped low to ₹7800, but the same got recovered in a very small time period. By that time if the price has continued to crash now the price could've been found close to $6000 as per the predictions and TA of experts.

TA + experts? I doubt that we you can call them that. Anyone can draw a graph and put a line and call it a TA. My point is that we shouldn't trust those people, after all the price movement of bitcoin is unpredictable. You can also rely to TA that much after that, it could go on the opposite direction of the graph and find a new pattern. Obviously, the next target price is higher, but I'm not seeing $8600, because the current trend shows that there are no break out runs.

[boltz]

I still believe that market switched from bear to bull on 15th october and since then we're experiencing a little uptrend in price but nothing serious. Just because the price went up a little doesn't mean it will keep climbing as charts are still chaotic so we might stay at this 8k$ mark for a while so until then I'm buying more. Don't trust any experts as we all know Bitcoin price is hard to guess and read and anyone could make fictional charts...

[Murat]

   
Within November, I think the Bitcoin price will reach almost 9.2K because we used to see a little bump at the end of the year, for me, December is the most suitable time to get recovered the Bitcoin's price. So far I can assume from your analysis it may be around 9K but from my observation, it will be higher than that. but in recent time, the price of Bitcoin is more or less shifting from 9k to 8k, in this sense, Bitcoin will bring a good price in December. it's very true that we all can only assume but we don't dare to say what exactly will happen, I think the price regulation is the high demand for this current situation, random price volatility is a bad reputation for this platform

[Taskford]

   
Within November, I think the Bitcoin price will reach almost 9.2K because we used to see a little bump at the end of the year, for me, December is the most suitable time to get recovered the Bitcoin's price. So far I can assume from your analysis it may be around 9K but from my observation, it will be higher than that. but in recent time, the price of Bitcoin is more or less shifting from 9k to 8k, in this sense, Bitcoin will bring a good price in December. it's very true that we all can only assume but we don't dare to say what exactly will happen, I think the price regulation is the high demand for this current situation, random price volatility is a bad reputation for this platform

That's what I'm thinking also since we can actually see on the little rally happening right now and there's a huge possibilities since $9.2k is so close to achieve right now. But we shouldn't assume since this is all speculation but let see what will happen since I'm so positive since we have a huge event coming on next year.

[Google+]

Don't you know that there will be a very good event in bitcoin at the beginning of the year? bitcoin will hold a halving day and in my opinion some time ago when bitcoin was halving then the price could be very expensive because of the influence of getting more difficult to get bitcoin so that it can make the price of bitcoin expensive and more expensive than your target.

[Yaunfitda]

   
Within November, I think the Bitcoin price will reach almost 9.2K because we used to see a little bump at the end of the year, for me, December is the most suitable time to get recovered the Bitcoin's price. So far I can assume from your analysis it may be around 9K but from my observation, it will be higher than that. but in recent time, the price of Bitcoin is more or less shifting from 9k to 8k, in this sense, Bitcoin will bring a good price in December. it's very true that we all can only assume but we don't dare to say what exactly will happen, I think the price regulation is the high demand for this current situation, random price volatility is a bad reputation for this platform

That's what I'm thinking also since we can actually see on the little rally happening right now and there's a huge possibilities since $9.2k is so close to achieve right now. But we shouldn't assume since this is all speculation but let see what will happen since I'm so positive since we have a huge event coming on next year.

As much as I'm very bullish on bitcoin, I don't see any pump to $9k at this point. And as I have said it my previous post, $8k-$8500 will be the trend for now unless we have a break out run. This is similar to $6k-$6500 we have seen last year. No price movement except for occasional 1% increased and then go back to that price range again.

Definitely, 5 digit mark is possible but not this year though, I would be surprised if we break on the $10k at the end of the year. Too much resistance now at $9k levels at this point.

[hello_good_sir]

It's likely hit a floor or stage in the market where the big whales have their buy orders and where able to get the price to rebound up, I am assuming somewhere around the 7,000 was that wall.

Could be a trap though, I don't think we are going to see huge developments in the next following months before the end of the year, and this is probably it's peak before it starts hovering around the 7,500 - 8,000 areas.

[Serco]

I still believe that market switched from bear to bull on 15th october and since then we're experiencing a little uptrend in price but nothing serious. Just because the price went up a little doesn't mean it will keep climbing as charts are still chaotic so we might stay at this 8k$ mark for a while so until then I'm buying more. Don't trust any experts as we all know Bitcoin price is hard to guess and read and anyone could make fictional charts...

experts opinion needed to compared with our own analisys, so we will have good analisys from two side.if we have comparation, the weakness or mistakes could be minimize and improved before we put our order in market.and current price movement didnt mean bullish trend will coming.i am still bearish opportunity in near future.

[figmentofmyass]

If you are one of those people who think Bitcoin will rise sharply in the coming months because the Bitcoin halving is coming, you are wrong We usually notice the rise after, ... long after. Look what happened during the last halvings.

from may - august 2012, the market shot up 230%. the halving took place the following november.

then from april - june 2016, the market rose 105%. the halving was in july.

this could be a coincidence of course, but the data suggests the market will pump both before and after the 2020 halving.....

[DarkIT]

If you are one of those people who think Bitcoin will rise sharply in the coming months because the Bitcoin halving is coming, you are wrong We usually notice the rise after, ... long after. Look what happened during the last halvings.

from may - august 2012, the market shot up 230%. the halving took place the following november.

then from april - june 2016, the market rose 105%. the halving was in july.

this could be a coincidence of course, but the data suggests the market will pump both before and after the 2020 halving.....

This really must be considered. as far as the information I got, the next halving will occur on 14 May 2020, which means if this speculation follows the previous year, the pump will start in February 2020. I think I need more bitcoin in my wallet before the end of this year   

[Wexnident]

As much as I'm very bullish on bitcoin, I don't see any pump to $9k at this point. And as I have said it my previous post, $8k-$8500 will be the trend for now unless we have a break out run. This is similar to $6k-$6500 we have seen last year. No price movement except for occasional 1% increased and then go back to that price range again.

Indeed. A price increase/decrease of 1 - 2% is the current trend as of the moment. Id expect ti reach 5 digits either before halving or after halving of 2020, although I'm more inclined towarda before halving. There isn't any reason for a foreseeable 9k this month or even the next so far after all.

[Taskford]

If you are one of those people who think Bitcoin will rise sharply in the coming months because the Bitcoin halving is coming, you are wrong We usually notice the rise after, ... long after. Look what happened during the last halvings.

from may - august 2012, the market shot up 230%. the halving took place the following november.

then from april - june 2016, the market rose 105%. the halving was in july.

this could be a coincidence of course, but the data suggests the market will pump both before and after the 2020 halving.....

This really must be considered. as far as the information I got, the next halving will occur on 14 May 2020, which means if this speculation follows the previous year, the pump will start in February 2020. I think I need more bitcoin in my wallet before the end of this year   

Yes it is, and for sure there will be a good thing happen on bitcoins or maybe in entire market since if you see the record history you can see the pumps coming after halving presence nearly comes. But i don't expect the pump will came early but for sure we will see a massive upper thrend.

[AniviaBtc]

Technical Analysis: Bitcoin start to rebound? Next Target $8.6K?


Since the Mid of July 2019, the Bitcoin price have been sidelined from it’s 2019 highest price at $13,000. Start from there, the price slowly drop to $10,000 on September. Most recently the price go down at $8,000. Many investors have asking where is the floor and when Bitcoin will start to rebound?

Still some of the market analyst are calling for another 25% drop to $6,000, which is where a number of traders believe the cryptocurrency market will find an ultimate bottom before a multi-year bull market.

But there is trusted evidence suggesting that the 1st cryptocurrency will soon reverse rebound.

Mohit Sorout, Market analyst at Bitazu Capital, noted that a number of Bitcoin indicators are reaching an inflection point, which he believes is where BTC’s price will finally bounce. “[The] Relative Strength Index, positive Directional Indicator, and negative Directional Indicator all have to reset to an important horizontal level,” he argued before adding that “such levels have only one job: to turn the BTC price around.”

Click here for the full graphs https://maishince.online/technical-analysis-bitcoin-start-to-rebound-next-target-8-2k/

According to another veiw from Analyst in Tradingview (Mr AlanMaster) suggesting that the Bitcoin are in rebound phase and estimate price can go high up to $8,600.

In his comment, he are assuring that Bitcoin are showing reversal signals.

He added in that ” Price now moving above EMA10 and gaining momentum. If this movement continue, we can expect Bitcoin to hit $8,088 easily followed by $8,200 .

“The $7,800 – $7,900 is where we can find string support. If prices move lower, this will be very important level ” said him in the comment.

Details in here guys : https://maishince.online/technical-analysis-bitcoin-start-to-rebound-next-target-8-2k/


What do you think?

Is it we already found the floor and Bitcoin will start to rebound?

Yes it can go higher again and again after going down. It just looks like a wave in the chart that it goes up and down. But its price varies in time, so make a good decision and great timing in buying and selling coin to gain more profit. Just be careful about the time, always consider the season where it goes high and low.

[CryptoBry]

What do you think? Is it we already found the floor and Bitcoin will start to rebound?

The bottom might have already been found for Bitcoin and so we are all looking forward for a good rebound and hopefully this can mean that Bitcoin will soon be knocking back at the $9,000 door. However, there remains some possibility that another bearish mood can be clawing back and that can be discouraging to me. As the holiday nears, there can be more selling pressures on Bitcoin but I am expecting that our favorite coin will be holding on to its position not lower than $8000.

[Ridwan Fauzi]

I have read some articles against bitcoin price predictions and most of them just say bitcoin price movement is being lethargic. Its prices have been decreasing for almost 40% after its price had increased at July 2019. Also, the trading bitcoin are in low trade we see its volume on coinmarketcap.

Apperently, the bakkt service can't do anything and we haven't felt its affect thus far. Whereas, there are a lot of people who trust that the bakkt service will give a lot of thing to bitcoin price. So, I don't thing bitcoin price will touch 8.6k on a few day ahead and even I just guessing its price will goes down again.

[skarais]

~Skip

You are right, the data shows that before and after halving bitcoin the price will increase. But for the next halving do we get the same data ?
I think everything can still change, can be the same and maybe not. What we can do ?

~Skip
So, I don't thing bitcoin price will touch 8.6k on a few day ahead and even I just guessing its price will goes down again.

What about the news about the legality of crypto in Ukraine, will it not affect the price of bitcoin, maybe a little ?

[jostorres]

I think that bitcoin is really in a rebound phase, never you pay attention to those that are calling for another 25 percent drop, they are the selfish people that actually crashed the value in the first place by taking profit at $10000, no they still want to buy more dip which is why they are trying to create that panic so that they can have a large room for bigger profit when they buy again at $6000.

We need to stop allowing them to play us like a game, we should be the one to control the market and not them controlling the market for us, the best way for us to lock those people out now is for us to keep investing and not panic sell. When we keep investing, the value will shoot to $10000, which would have become quite expensive for them to buy, but apart from that, I think that we are already going to have a very good rebound.

[AliMan]

I think that bitcoin is really in a rebound phase, never you pay attention to those that are calling for another 25 percent drop, they are the selfish people that actually crashed the value in the first place by taking profit at $10000, no they still want to buy more dip which is why they are trying to create that panic so that they can have a large room for bigger profit when they buy again at $6000.

We need to stop allowing them to play us like a game, we should be the one to control the market and not them controlling the market for us, the best way for us to lock those people out now is for us to keep investing and not panic sell. When we keep investing, the value will shoot to $10000, which would have become quite expensive for them to buy, but apart from that, I think that we are already going to have a very good rebound.

If you have your own mindset on the recent market situation, you can do it independently. We can't control other people with our own insights and visionary, because if you said they're controlling us well that's beyond our personal upbringing. As we have the eagerness to support the entire market strength, I think everyone of us has the same expectations and desires for a profitable bitcoin value. The rebounds might take more days to finally correct the market downfall, just stay neutral and don't expect huge spikes as it may affect you emotionally.