Bitcoin go to $8000 soon look this fractal

[silversurfer1958]

This is great and I'm also hoping the price of bitcoin will soon return to $ 8k and by 2020 it will be $ 20k. Not only are the RSI, Stoch, and bullish models supporting Bitcoin, but there are also many good insights from people with experience working in the financial world for a long time. This is an opportunity for us to buy bitcoin and hold from now on.

[DeathProxy]

Judging by the chat the Confirmation for Inverted Head & Shoulders Has Been Done and itit is likely that BTC will be moving towards the $8200 - 8300 Levels given to the fact that the Daily Candle Opened Above $7300 That' is an Indication that there will be Somewhat Bullish Sentiment arround the $8000 region. It is highly expected that in the next Few Days BTC Should Move Up gradually till it finds a strong support since enough volume are being generated at the moment.

[pamsugas]

This is great and I'm also hoping the price of bitcoin will soon return to $ 8k and by 2020 it will be $ 20k. Not only are the RSI, Stoch, and bullish models supporting Bitcoin, but there are also many good insights from people with experience working in the financial world for a long time. This is an opportunity for us to buy bitcoin and hold from now on.

yeah right i think bitcoin is already at the bottom
see MA 21 cutting MA 34 is usually a sign of a bull if we get through the 7800 risistance the possibility of the price immediately to 8000. I worry if it falls from support 7324 with a large volume we will return 6800

[dark08]

Its really hard to predict the price movement of bitcoin it can be down or pump any moment but I like this fractal maybe it can be repeat and hit the $8k level. In this kind of situation you need tobe careful because we all know that bitcoin is full of suprises.
Based on my technical analysis Bitcoin can be down a little bit before the price pump up again.

[acdc]

I hope that will happen soon, I bought some bitcoins when it dropped to $ 7000 if Bitcoin could reach $ 8000 I would make a small profit.
But now it's too early to talk about that, I think Bitcoin will experience a slight price drop before reaching $ 8000.

[johnwest]

Its still not the time to move above 8k mark. We need more stability and volume here to cross above that resistance. Once it crosses 8600$ level, hopefully we may see a new bull run. As per my analysis, its still bullish, just holding the levels barely.

[cryptoangel]

I hope that will happen soon, I bought some bitcoins when it dropped to $ 7000 if Bitcoin could reach $ 8000 I would make a small profit.
But now it's too early to talk about that, I think Bitcoin will experience a slight price drop before reaching $ 8000.

Everyone buy and hold for next bull run, because I am also invest the 6.7k USD on previous dump and right know it will raise slowly so we expect more hype on further weeks. Nowadays peoples are concentrate crypto trading so surely it will cross the 8k USD on before end of this month or it will cross the 8k USD on next month.

[cryptothreads]

I hope that will happen soon, I bought some bitcoins when it dropped to $ 7000 if Bitcoin could reach $ 8000 I would make a small profit.
But now it's too early to talk about that, I think Bitcoin will experience a slight price drop before reaching $ 8000.

I spent more than half of my assets investing when Bitcoin reached $6800 and now the coin is showing signs of a very positive recovery so next month could be a very important time for this market. I think Bitcoin will soon return to $8000 soon and this is the price to be reached by the end of this year before another price increase.

However, it is only my personal prediction and the market will be very volatile so keep your assets safe and allocate funds accordingly to the current market situation.

[KnightElite]

There is a resistance ranging at 7300-8000 where there is a possible bounce that may occur. 8000 can be also called as psychological resistance. It called a resistance because it is where the price resists meaning there are a lot of seller in that area. I will add position if there will be a breakout that will occur where the resistance became a support.

[boltz]

So far it looks like it cannot brake the 7600 resistance even if he tried twice so we might go down after all to reach that buy support near 5.8k$ and this is not good at all. I would personally like to see Bitcoin settle at this price until the end of the year instead of going down to that area but so far every prediction went wrong so why not thinking we go either to 10k+ or down under 5k. What is gonna be bad for altcoins users is Bitcoin going down ...as all the altcoins are in a blood bath without having any fair chances to respond.

[Swordsoffreedom]

Yes, Bitcoin will go to $8000 and probably even a lot higher in next two weeks BUT only IF it breaks DOUBLE resistance around 7670 first. Why double? Look at my chart bellow (only have access to mobile phone so it's a bit shity).

[Wysi]

I hope that will happen soon, I bought some bitcoins when it dropped to $ 7000 if Bitcoin could reach $ 8000 I would make a small profit.
But now it's too early to talk about that, I think Bitcoin will experience a slight price drop before reaching $ 8000.

Everyone buy and hold for next bull run, because I am also invest the 6.7k USD on previous dump and right know it will raise slowly so we expect more hype on further weeks. Nowadays peoples are concentrate crypto trading so surely it will cross the 8k USD on before end of this month or it will cross the 8k USD on next month.

Yes the recent dump was a buyback period wherein already some of the experts has filled their coffers with bitcoin but we cannot be sure if we have to hold on till bull run which can either happen or not. I would say we need to be more trading oriented and play along the whales by selling or converting at the beginning of dump in order to buy back more when the market again starts to recover.  I am not suggesting panic selling but rather smart trading.

[Hamphser]

Yes, Bitcoin will go to $8000 and probably even a lot higher in next two weeks BUT only IF it breaks DOUBLE resistance around 7670 first. Why double? Look at my chart bellow (only have access to mobile phone so it's a bit shity).

I am hoping for a recovery next month even though the chart looks drowning for a month. I still believe that there is something that will hold the line below $6k to be more stable at $7k to $8k this coming december or even more. As of now, bitcoin is slowly recovering from the dump last week, hoping to continue next month.

[Bossian]

8k won't be too hard to reach now.

9k a bit more difficult, not before next year.

2019 ends most likely in the 7k-8k range.

Plenty of profit still to be made in a quick pan next month as I suspect there will be another drop towards 6.5k. But yeah 8k pretty much guaranteed  

[bitzizzix]

At the moment the price of bitcoin has reached around $ 7,785 and I am optimistic that bitcoin will rise gradually even though it is a bit late in its increase.
bitcoin decline is an opportunity to buy it and hold it, and I'm sure 2020 bitcoin will provide a good price according to everyone's predictions about bitcoin increase in 2020.

[darkangel11]

https://i.imgur.com/yZHdrZi.png
There is a resistance ranging at 7300-8000 where there is a possible bounce that may occur. 8000 can be also called as psychological resistance. It called a resistance because it is where the price resists meaning there are a lot of seller in that area. I will add position if there will be a breakout that will occur where the resistance became a support.

Saying that resistance is somewhere between 7300 and 8000 is like saying that Bitcoin can go to a low somewhere between 5000 and 6000. It doesn't mean anything.

As for OP's fractal it's actually starting to play out. We painted a nice inverse head and shoulders pattern followed by a textbook breakout.

Now we are in a nice correctional move up, still within the short term downtrend, that is sitting in a long term uptrend.
If we break above 8100 it's back to another rally and a short term uptrend, maybe even to 10k. If we bounce off 8k down, the short term downtrend is still in play and we could tighten the band, revisiting the neckline of H&S at 7k. It's still very simple.

[bitbunnny]

I'm not so sure that Bitcoin will reach 8000$. Don't forget that the pump doesn't necessary need to last, it could be only question of a moment. Although I think that the price might reach 8000$ or 9000$ by the end of the year that doesn't necessary need to happen now.

[Wexlike]

I'm not so sure that Bitcoin will reach 8000$. Don't forget that the pump doesn't necessary need to last, it could be only question of a moment. Although I think that the price might reach 8000$ or 9000$ by the end of the year that doesn't necessary need to happen now.

I'd except high $8k, we re not there which makes me worried. So further lows could be a possibility from now. Expected some wild firework. :/

[n0ne]

I'm not so sure that Bitcoin will reach 8000$. Don't forget that the pump doesn't necessary need to last, it could be only question of a moment. Although I think that the price might reach 8000$ or 9000$ by the end of the year that doesn't necessary need to happen now.

Maybe such a pattern of growth could happen, but with the growth we're experiencing at present there is more chances for $8000 by tomorrow as the price has now crossed $7550. Beyond this if there is no growth can expect the price to fluctuate between $7500 and $7800. By the time if price reach $8000 there is chance for a fall by the first working day day of the week.

[1Referee]

As of now, bitcoin is slowly recovering from the dump last week, hoping to continue next month.

It's just a bounce, one of the many we had before. There is no point in believing that we're due for a recovery as long as we haven't seen the market break above at least the $10,350 wick, because every increase that tops out below that wick is technically just another lower high.

I have taken on another short just above the $7700 level today even though I do believe that there is some 5-10% more upside potential. In case we do end up going up I can sit it out easily at 2x leverage without having to worry about liquidation. Surfing the trend down is better than fighting against it unnecessarily.