Bitcoin start to rebound? Next Target $8.6K?

[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.