BTC rally of $9,000 ain’t enough?

[cheezcarls]

Even a price run to $9,000 will not be enough to break Bitcoin out of its current bearish pattern, according to a popular analyst. Despite a positive start to 2019, the leading digital currency has spent the second half of 2019 in a sustained downtrend.

After the first half of the year saw a rally that took prices to near $14,000, Bitcoin been setting a series of lower highs in recent months. This, according to widely accepted market analysis, is a defining characteristic of a bear market.

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Okay I just don’t know if this analyst is crazy or not?

I respect the fact that anyone can predict on what is going to happen with Bitcoin in the next hour, day, week or so.

Even that if it reaches $9,000 per BTC, it won’t be enough to “escape” from the bear market due to its bearish pattern. For me, either he could be right or wrong.

I just cannot say that I am going to agree with him or not, but anything can happen in a matter of time. There are analysts who claimed back then that Bitcoin could even go down further. But they’re proven wrong when $7.7k turned to almost $10k due to China’s pro-blockchain news before taking another nosedive.

[btc_angela]

Let's see first if we can break the $9k barrier prior to the end of the year. The thing is that we have seen many times in the past that we thought we're already in the bullish/bearish pattern, however, the market moves in the opposite direction. Which only means  that the market price is really hard to predict, no matter what this so called experts are telling us.

[The Sceptical Chymist]

Okay I just don’t know if this analyst is crazy or not?

I don't think he's crazy, but I don't agree with his opinion about the "what if" part of bitcoin going to $9k.  If it were to do that tomorrow, that would be incredibly bullish and bitcoin would likely end up much higher than where it started in 2019.  It looks like it's going to do that anyway, but it would be some sweet icing on the cake.

He did mention that bitcoin is up a lot from the start of the year, and it's good to keep that in mind when looking at where bitcoin's price is now.  Even hovering around $7k, it's still higher than the $3200 range that it was at in January.  Never mind the fact that it popped up to $13k, just draw a straight line from Jan. to Dec. of this year and that'll put things in perspective.

Let's see first if we can break the $9k barrier prior to the end of the year.

Uh, yeah.  That probably isn't going to happen in the couple weeks we have left, especially not with the price dropping a couple hundred dollars in the past two days or so.

[electronicash]

Let's see first if we can break the $9k barrier prior to the end of the year. The thing is that we have seen many times in the past that we thought we're already in the bullish/bearish pattern, however, the market moves in the opposite direction. Which only means  that the market price is really hard to predict, no matter what this so called experts are telling us.

not possible to have $9k price by year end. unless we all sell that high.  it may even go below $6800 tomorrow because it seem to break the support.  if $6500 will also break then expect the $3k.  jesus, no christmas this year. the popular analyst is right this bearish pattern will once again try to break the $3k support. lucky are the ones who figured to exit at $9,000.

[robelneo]

Let's see first if we can break the $9k barrier prior to the end of the year. The thing is that we have seen many times in the past that we thought we're already in the bullish/bearish pattern, however, the market moves in the opposite direction. Which only means  that the market price is really hard to predict, no matter what this so called experts are telling us.

not possible to have $9k price by year end. unless we all sell that high.  it may even go below $6800 tomorrow because it seem to break the support.  if $6500 will also be breaks then expect the $3k.  jesus, no christmas this year. the popular analyst is right this bearish pattern will once again try to break the $3k support. lucky are the ones who figured to exit at $9,000.

I also do not believe that it can reach $9000 at this point of time we are barely 15 days before the end of the year and I don't see big news that will have an impact on the price to go up to that level, but we have seen how the price moves with just one whale or group of whales, but it's a good way to end the year if we can reach $9000 before the year ends.

[tsaroz]

Let's see first if we can break the $9k barrier prior to the end of the year. The thing is that we have seen many times in the past that we thought we're already in the bullish/bearish pattern, however, the market moves in the opposite direction. Which only means  that the market price is really hard to predict, no matter what this so called experts are telling us.

not possible to have $9k price by year end. unless we all sell that high.  it may even go below $6800 tomorrow because it seem to break the support.  if $6500 will also be breaks then expect the $3k.  jesus, no christmas this year. the popular analyst is right this bearish pattern will once again try to break the $3k support. lucky are the ones who figured to exit at $9,000.

I also do not believe that it can reach $9000 at this point of time we are barely 15 days before the end of the year and I don't see big news that will have an impact on the price to go up to that level, but we have seen how the price moves with just one whale or group of whales, but it's a good way to end the year if we can reach $9000 before the year ends.

Bitcoin prices would probably remain low till February or till the Chinese new year. Can't expect anything above $8K on that time. But it would start to increase after that as bitcoin nears the next halving. I believe bitcoin price would be well above $10K around may 2020.

[sureshnsnet]

Let me share my thoughts here about bitcoin price prediction really it will be difficult job to predict  Bitcoin price what will be in coming days at this situation because there are so many negative talks coming from China about crypto currencies and other part of world from few weeks ago it impacts bitcoin price drop significantly from $10k to $7K, and same thing will continue to some more days and I hope that next year will great for all crypto users because there are loat of crypto experts given positive talk about bitcoin price prediction and bull market market.

[palle11]

The price is now at $7,128. 61. I want to say that with the way price has locked on the $7k area since this month, it might remain like that and won't break the $9,000 till 2020. It has been a bear time that has taken a lot but price isn't increasing.

[betty11]

I never thought we will still be at this price zone, looking at all the major price predictions from the expert that we were headed to $100k, although this was John McAfee's stronghold, as it stands now it seems expert are once again bearish after their speculations fail to come through.

[FaithInCrypto]

With the holiday season fast approaching I don' think it'll reach the $9k mark at the end of the year. Most holders will definitely sell what they own so it'll be more supply than the demand in my point of view. Hope we'll get some positive rates at the beginning of 2020.

[elisabetheva]

I never thought we will still be at this price zone, looking at all the major price predictions from the expert that we were headed to $100k, although this was John McAfee's stronghold, as it stands now it seems expert are once again bearish after their speculations fail to come through.

Bitcoin is indeed a lot of fun, this can be seen by the number of speculators or whatever its name predicts about bitcoin. although predictions made are not always true and even tend to be inconsequential, there are still many who are happy to hear that prediction. especially if it comes to say that there will be a very sharp increase, added many are happy. I don't really believe in predictions that bitcoin will be up to $ 100K, it's too difficult to imagine that this could happen. I just hope that bitcoin can still benefit many people.

[sunsilk]

I never thought we will still be at this price zone, looking at all the major price predictions from the expert that we were headed to $100k, although this was John McAfee's stronghold, as it stands now it seems expert are once again bearish after their speculations fail to come through.

They can see that this year will end at a lower price so it looks like everyone of them became bearish lately and the other known experts are predicting for 2020 with another positive speculation. I remember those predictions earlier this year to become positive and when the end of year is approaching, they started to change their ways and be quiet.

No matter what happen in 2020, these prediction experts will just do the same. They'll predict another higher price and if it's looking to fail, they'll just pass it on for the next year. And telling that we're still bearish, he wants to end seeing bitcoin on $7k but we're still up since the start of 2019.

[pixie85]

Okay I just don’t know if this analyst is crazy or not?

He is crazy but more likely a permabear. For some people the glass is always half empty.

You can see that he's biased by the way he talks about it. It's in a bear market because it had a series of lower highs IN THE RECENT MONTHS.

What about the last few years? Since 2018 we had a clear bear market that reached a stalemate at 6000 and then went into capitulation at 3000 dollars. After that it went into consolidation that many people took for a reversal and another bull market. It created this short overbuy and now price is returning to the mean at 7 thousand. It can become oversold again and go to 6 for a while but that's it.

[aardvark15]

I think the pro will just bounce around in a range such as $7000 to $10,000 until there is a reason for the value to increase significantly. I think that time will be the halving in May 2020.

[joinfree]

Well i think he is just making his thoughts just known like anybody else but that does not really affect what will really happen to bitcoin as nobody knows. The market will always decide about that. However, it would be very gracious to sell of some bitcoins for this Christmas at a rate of $9K other than $7K

[yohananaomi]

The price is now at $7,128. 61. I want to say that with the way price has locked on the $7k area since this month, it might remain like that and won't break the $9,000 till 2020. It has been a bear time that has taken a lot but price isn't increasing.

bitcoin is very difficult to predict, maybe your opinion that bitcoin will finish the end of the year will still be in the range of $ 7K and will not move or exceed up to $ 9K. but I might not agree because in October it also happened when bitcoin fell to $ 7K, which only took three days to break through $ 9K. December is still half a month away and the possibility of anything that can happen, can penetrate $ 9K or even down. but need to be optimistic about an increase in bitcoin.

[LUCKMCFLY]

It is an analysis that is particularly free to do so, however, it is good to use those tools offered in TradingView as the Volume Profile, it gives an overview of what may be happening and where there is interest in the order of prices.

Of course it is a tool that varies according to the period chosen, be it weeks, days, hours, minutes, but it is a tool that can help, however the volume that can be observed gives us incredible information, in my case I use the Wyckoff's theory, and right now I'm using it in fractal at 4 hours, in the long run it's another story.

However, it can reach $ 9k, it is possible because it is a really unpredictable market, and many times analysts who talk about bearish movements end up happening otherwise, then it must be established that the market can move in many cases because of people's emotions , and the whales know this very well and place their bearish or bullish traps ... Hopefully this month for being from Xmas, the demand increases and is reflected in the price of Bitcoin with a good bullish rally.

[Twinkledoe]

Anyone can give their prediction or speculation and be a self-proclaimed expert but believing them is another story. If you have been long enough, I think you will just ignore those "experts" and trust your instincts when it comes to deciding how you will invest in crypto. Most of the time, they are completely wrong with their predictions.

[Yamifoud]

If we tried to listen to them( market analyst), we will be the ones who get crazy. We have only 2 weeks left before we end up this year but the market support isn't strong to think that we could able to surpass even $9,000. Its gonna be a Christmas bonus if we could make it...

May our speculations are different and the fact that we can't get assurance for the possible result, there is no need to think that we are right or the others too. If the market will remain to be like this until next week, we can't expect that we can break through $9,000.

[dimastegar]

Okay I just don’t know if this analyst is crazy or not?

I respect the fact that anyone can predict on what is going to happen with Bitcoin in the next hour, day, week or so.

Even that if it reaches $9,000 per BTC, it won’t be enough to “escape” from the bear market due to its bearish pattern. For me, either he could be right or wrong.

I just cannot say that I am going to agree with him or not, but anything can happen in a matter of time. There are analysts who claimed back then that Bitcoin could even go down further. But they’re proven wrong when $7.7k turned to almost $10k due to China’s pro-blockchain news before taking another nosedive.

Nearly every professional trader can predict prices exactly as you say. I sometimes wonder how they can predict the price of Bitcoin only from charts.
After I studied deeper, it turns out that every movement of the chart is part of the market itself. Without me realizing that charts are the language of the market itself. Therefore sometimes most traders share their chart predictions rather than share news about a coin.