Bitcoin Price Moving Towards $9500 Mark

[Harrydose]

Bitcoin is likely to climb above $9500 USD as per many predictions. Although from November 7th Bitcoin continued to fall below trying to keep the support levels at $9200 USD, considered to be the realistic approach by the predictors.

Source: https://www.thecoinrepublic.com/bitcoin-bulls-strugling-to-surge-above-9500-mark/

[ChrisPop]

BTC took the plunge down, but in my opinion this is just another bear trap. Just zoom out guys.. On the higher timeframes you can clearly see that we're still in a massive consolidation that I see as a re-accumulation period. I've just heard from one of my friends that the price of break-even for most miners is around 9000 USD. Like it or not, I agree with McAfee about the cheap prices that BTC is trading atm. Most people don't see it as they're not used to think with such big numbers but it is just math and the law of supply & demand

[migws]

Bitcoin is likely to climb above $9500 USD as per many predictions. Although from November 7th Bitcoin continued to fall below trying to keep the support levels at $9200 USD, considered to be the realistic approach by the predictors.

Source: https://www.thecoinrepublic.com/bitcoin-bulls-strugling-to-surge-above-9500-mark/

It is generally surprising to see such a bitcoin price in late autumn. As usual, the price drops very much this period but this year the coin holds on. I think everyone will be happy to see increasing to $9500

[The Sceptical Chymist]

Uhh....just looked at preev and it would appear that bitcoin is not moving toward $9500 at the moment and in fact it's below $9k.  Dang, I figured if any movement happened it would be in the upward direction.  Maybe this is just a little dip.  I'm hoping it's that.

Bitcoin continued to fall below trying to keep the support levels at $9200 USD

I don't put much faith in those support levels, because I've seen bitcoin break through them often enough to realize that they're just figments of technical analysts' imagination.  Prices can and do fall below them, and quite often.  The whole "support level" thing has just become jargon that gets bandied about and I've learned to tune it out.

On the higher timeframes you can clearly see that we're still in a massive consolidation that I see as a re-accumulation period.

I tend to believe that's the truth, even though I don't believe in chart reading.  My instinct tells me that the last bull run isn't over yet, just stalled out for the moment.

[oleg681010]

This is only the beginning, I think we should expect a much larger figure.

[jets567]

My instinct tells me that the last bull run isn't over yet, just stalled out for the moment.

Let's trust your instinct this time because I'm also hoping that this sudden fall is just a signal to the start another price rally for Bitcoin and I'm pretty sure that a lot of crypto people is waiting for this moment to buy Bitcoin at cheaper price to maximize their profits once Bitcoin go beyond its ATH, This is the perfect opportunity that they don't want to miss.

[barota]

price bitcoin fall today from 9300 usd per btc under 8800 usd per btc .but it was to be expected as long people are still selling because of false news or information that says prices will not rise before halving . and for sure it is a false information .prices can rise in at any moment and the right dicision is buying bitcoin below 10000 usd per btc

[STT]

I think the halloween theme with some skeletons or a grim reaper outfit is the outfit to wear when considering price generally, just start from that stance and let the chart try to convince you its not the doomed man set to a lower price.     Thats my general idea anywhere, even after the whole China we love you crypto spiel that came out and really was just politics.  I still was waiting for the negative to show and its done as much so now it has to convince its not in a negative trend.

However saying that, I do think we have a positive space for the weekend and thats my guess.   Just a return to roughly where it was not that long ago, no big deal.   Call it buoyancy, it helps to throw off the coffin chasers but I dont expect more especially beyond a brief reversion.

[1Referee]

Ouch. It's not boding well for the short term price action as we are very near a bearish close below the 200MA on the daily. I really expected bullish continuation after the high volume 40% pump in 24 hours, but nope, down we go.

We were not far from having a very bullish cross of the 147EMA and the 21EMA on the daily, but today's plunge prevented the cross to perfection. It seems like a move driven by algorithms, which is possibly a sign that the accumulation stage of the big players has not finished yet. Good thing is that their accumulation stage can be your accumulation stage too.

[exstasie]

Ouch. It's not boding well for the short term price action as we are very near a bearish close below the 200MA on the daily. I really expected bullish continuation after the high volume 40% pump in 24 hours, but nope, down we go.

I would keep an open mind. To be honest, I don't think it's a major signal at all, same as when we first closed below it in late September. Bitcoin loves to buck bearish patterns. They convince weak hands to sell before price gets marked up.

Zoinky is spot on when he says:

I remain bullish until I see people treating dips as a reason to get in, not panic out.

We were not far from having a very bullish cross of the 147EMA and the 21EMA on the daily, but today's plunge prevented the cross to perfection. It seems like a move driven by algorithms, which is possibly a sign that the accumulation stage of the big players has not finished yet.

Who watches for 21/147EMA crosses? Never heard of that.

[oktana]

Bitcoin is likely to climb above $9500 USD as per many predictions. Although from November 7th Bitcoin continued to fall below trying to keep the support levels at $9200 USD, considered to be the realistic approach by the predictors.

Source: https://www.thecoinrepublic.com/bitcoin-bulls-strugling-to-surge-above-9500-mark/

I see more technical where there is a saturation effect when it touches $ 8,700, from this a positive reflection appears and especially nearing this weekend. However, for higher up positions to $ 9500, there may be a gap back to $ 8600-8400 again, there is still no confirmation that locks the price to return to the $ 9000 support point.

[goaldigger]

Bitcoin is likely to climb above $9500 USD as per many predictions. Although from November 7th Bitcoin continued to fall below trying to keep the support levels at $9200 USD, considered to be the realistic approach by the predictors.

Source: https://www.thecoinrepublic.com/bitcoin-bulls-strugling-to-surge-above-9500-mark/

There are so many predictions about bitcoin, most of them are very bullish but still some are not satisfied with the currency situation of bitcoin. Now we are down below $9k again after a good run but I still see this one as an opportunity because after this sideways trend, for sure we will go up again and that is the time for real pump.

[Slow death]

today the price touch $ 8700, if the price fell below 8700 then we would see the price below $8500. There are many months left for halving, so it wouldn't be a surprise if the price was between $7400 to $10300, and only from July of next year did the price start to rise above $ 13000. Anyway this weekend we'll see if the price is back above $9000 or it will be below $9000

[Google+]

Bitcoin is likely to climb above $9500 USD as per many predictions. Although from November 7th Bitcoin continued to fall below trying to keep the support levels at $9200 USD, considered to be the realistic approach by the predictors.

Source: https://www.thecoinrepublic.com/bitcoin-bulls-strugling-to-surge-above-9500-mark/

I think the price of bitcoin today shows signs of falling prices and many are panicking because market conditions have begun to flush, many are selling their assets at low prices, the predictions given are inaccurate because indeed bitcoin price movements will never be easily predicted.

[Baofeng]

Bitcoin is likely to climb above $9500 USD as per many predictions. Although from November 7th Bitcoin continued to fall below trying to keep the support levels at $9200 USD, considered to be the realistic approach by the predictors.

Source: https://www.thecoinrepublic.com/bitcoin-bulls-strugling-to-surge-above-9500-mark/

Lol, looks like the bulls is crash once again, support has been broken and the price is < $9k right now.
So much for the price to move above $9500. If you have noticed the price seems to be moving sideways, meaning an imminent break out run towards < $9k is there. Which eventually happen in the last 4 hours or so. No need to panic though, we have been in this kind of situations before, and know that it will bounce back again.

[romero121]

The price of bitcoin has today begun to fall low to $9000 which means it is set for a buying support. According to experts the market is predicted to go low to $6000 on breaking of the price $8500. As of now the market is strong around $8900. Possibly this trend will begin to change on Monday. All were looking for the price to cross the $10000 margin which is good to experience the next stage of growth.

Even from technical perspective it is mentioned that the accumulation of whales hasn't over yet. This could be the reaction of more assets getting hold with the reduction from the market circulation.

[alyssa85]

I think the halloween theme with some skeletons or a grim reaper outfit is the outfit to wear when considering price generally, just start from that stance and let the chart try to convince you its not the doomed man set to a lower price.     Thats my general idea anywhere, even after the whole China we love you crypto spiel that came out and really was just politics.  I still was waiting for the negative to show and its done as much so now it has to convince its not in a negative trend.

However saying that, I do think we have a positive space for the weekend and thats my guess.   Just a return to roughly where it was not that long ago, no big deal.   Call it buoyancy, it helps to throw off the coffin chasers but I dont expect more especially beyond a brief reversion.

Bitcoin's plunge down came after gold plunged down. And gold plunged because the markets are expecting the US and China to de-escalate the trade war and cut tariffs.

Remember that both gold and bitcoin are meant to be hedges against bad times. If tariffs are being cut, then good times are ahead.

[Pearls Before Swine]

Let's trust your instinct this time because I'm also hoping that this sudden fall is just a signal to the start another price rally for Bitcoin

I'm hoping for that, too but right now I'm not sure what to think about which direction btc is headed.  One consolation is that this recent drop wasn't *too* bad and falls within the normal range of bitcoin's typical volatility.  A couple hundred dollars up or down doesn't make me even come close to panicking, nor am I worried.  Bitcoin was looking like it was moving toward $9500, but now I don't know when that's going to happen.

Still hoping 2020 is going to be a better year for bitcoin.  I've already written 2019 off and don't expect much movement from now until the end of the year.

[boltz]

For now we're going back to 8k$ and the chances to go again at 9.5k$ are not so great so lets see what the next days/weeks will bring into the markets. If Bitcoin somehow pull a miracle and its 10k$ by the end of the year we should be glad.

In the moment of writing, charts are in a decisive moment so its either back to 9k$ or down to 8.5k$ in the next hours so good time to make more buys I guess for the long term race.

[error08]

My instinct tells me that the last bull run isn't over yet, just stalled out for the moment.

Let's trust your instinct this time because I'm also hoping that this sudden fall is just a signal to the start another price rally for Bitcoin and I'm pretty sure that a lot of crypto people is waiting for this moment to buy Bitcoin at cheaper price to maximize their profits once Bitcoin go beyond its ATH, This is the perfect opportunity that they don't want to miss.

in a big frame, the bulls run has been started since April-May when the price starts to climb up from $3000 to $13,000.
What we've seen just normal fluctuations due to some reasons affect the market trends.
The drop from $9300 to $8700 was a minor pullback, pretty much predicted and expected for bitcoiners to make long positions, as the bulls market not over yet.
Buy in every dip.