Now that we touched $8,000, what's next?

[BChydro]

Let's see if there will be a strong support at $8k like the one we have at $7k.

Hope you meant the other way around, there was a huge resistance at $8k levels and so is the reason the market went down after reaching those valuations and the market was not able to sustain those valuations for a long period of time and it looks like we need more time to reach those valuation and maintain those valuations.

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[darewaller]

Seeing the price not being above 8 thousand scares me. It did reached at a peak of $8.4k and that was a good time but looking at it now its just under $8k nowadays and that means price tried to go up but failed. Was that a failed attempt of a bull run? Was that just a new years bonus checks going into bitcoin, was that just a whale buying bunch of bitcoin for preparation of halving? We don't know the real cause of bitcoins increase other than there were more bitcoins bought than sold at those prices so it had to go up, that is all we know.

If we could go down to bottom of why bitcoin went up we could actually figure out what makes it go up and try to do it again but since we don't know we can never know what will happen next. We need to learn about past to predict the future.

[alexsandria]

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

Isn't it too early? Well, we cannot yet declared when bullrun would happened but isn't it yet too early for it to start? I mean we ain't yet reaching halving stage, and we don't have any major news out there besides the battle between Iran and America. Well, this might be an indirect effect of such controversy or what else might be, may be a manipulation of Whales.

[Mihaylovic]

i dont want any sharp increase for bitcoin. it is better to stay around this resistance point for a while till some people start filling their bags around here and altcoins can take some breath as well.

[dragonvslinux]

Get rejected by the futures MAs due to the high volume, back down to the support trendline of the bear channel around mid $5Ks.




Or just hold $6.5K support and consolidate further...

Who knows at this current point.

[romero121]

i dont want any sharp increase for bitcoin. it is better to stay around this resistance point for a while till some people start filling their bags around here and altcoins can take some breath as well.

The market won't go sharp for a while until it crosses the $10000 price barrier. Whether people expect or not, there is growth with altcoins. Here we can't expect the same to take place with each and every altcoin. Probably those expected for big rise over the past year will progress high along with bitcoin. Only when the price begins to increase investors will fill their bags with good volume of bitcoin and altcoins.

[hahay]

Resistance is still happening that I don't think we need to expect a rapid increase overnight, and what will happen next I am sure prices will still be in the same range for a few days and then a slight increase may occur before finally surpassing 9k to 10k due to correction will definitely happen again before the halving event.

[Yamifoud]

We have a good entry since the opening of this year, unlikely we saw last year. It is looking great to see how the market moves like this and continues to move high surpassing $8k. It possibly we are turning back high again headed for another $10k, I hope to will works.

This is to think that halving has a positive impact on the market and it makes sense now how people will think great also. For we are struggling for 2 years in bearish season, might say that this year will gonna be change and with the help of halving.

[gabbie2010]

i dont want any sharp increase for bitcoin. it is better to stay around this resistance point for a while till some people start filling their bags around here and altcoins can take some breath as well.

A gradual and steady increase in the price of bitcoin is my preference this would give room for buying while taking profits after a rally and buying at dip again rather than sudden and sharp increase ie spike.
Meanwhile the price had corrected to the support at $7800 to $7900 heading up above $8K thus reaching $10K soon.

[Fundamentals Of]

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

Some are saying we are getting ready to test the $9,200 resistance. Positive predictions and analysis are overflowing now. We might be conquering $10,000 in the next month or two. Bitcoin is now very bullish. There was a correction after that but it was very quick and now we are once again back at more than $8,000.

[Yaunfitda]

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

Some are saying we are getting ready to test the $9,200 resistance. Positive predictions and analysis are overflowing now. We might be conquering $10,000 in the next month or two. Bitcoin is now very bullish. There was a correction after that but it was very quick and now we are once again back at more than $8,000.

I do hope that we are going to get to $9200 after touching $8k again. I thought that the price would go on a down ward spiral after losing that $8k support after a few days ago, but it seems the market remain still and was about to defend that level.

So let's see if we are going to $8500 range now and then $9k in the next week or so.

[DevilSlayer]

It seems that the price of bitcoin is holding between $7800-$8000 per each, as long as the bitcoin will not go down in $7800, there will be a big possibility that a pump will happen because the chart telling us that there are now high demand and the buyers are willing to purchase in that area. I hope that the buyers will overwhelmed the sellers in order for us to see a increase again in the price of the bitcoin.

[kapalmabur]

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

Some are saying we are getting ready to test the $9,200 resistance. Positive predictions and analysis are overflowing now. We might be conquering $10,000 in the next month or two. Bitcoin is now very bullish. There was a correction after that but it was very quick and now we are once again back at more than $8,000.

stay careful, especially if you trade on altcoin, I know Bitcoin is likely to try again to the level of $ 9000, if there is news about the war that is happening right now, maybe Bitcoin will be affected like yesterday,

[slaman29]

Let's see if there will be a strong support at $8k like the one we have at $7k.

Hope you meant the other way around, there was a huge resistance at $8k levels and so is the reason the market went down after reaching those valuations and the market was not able to sustain those valuations for a long period of time and it looks like we need more time to reach those valuation and maintain those valuations.

I'm sure he also means strong support. We had been trading for weeks at above 7k, and support there meant that even when we broke it we quickly returned above like the recent bounceback from 6.8k.

So now if currently 8k becomes strong support, we can expect bounce back from 7.7 or 7.8k precisely as we saw just yesterday.

[styca]

Seeing the price not being above 8 thousand scares me. It did reached at a peak of $8.4k and that was a good time but looking at it now its just under $8k nowadays and that means price tried to go up but failed.

I think it was a big increase that was then followed by a smaller correction. We often see that, and I think it's fine, nothing to worry about. Bitcoin is still up about 10% in the last week, and seems to be holding fairly steady for now. I am happy if we can hold for a while around current prices and establish some solid support.

[merchantofzeny]

It got to $8k, dropped down and went back again. I'm not really hyped but I'm observing. My goal is to sell off at past $10k and from there wait for a drop. I think that would be a safe spot to sell if we consider $7k as the floor for the remaining of the year. But then again, it's still just January, things could still change quickly with people on edge about Iran, etc.

[Darooghe]

I think we are at an interesting resistance point with the moving averages, if we can cross some more upwards we would in fact have a chance to be out of bearish channel. Bitcoin displayed so far in 2020 pure bullish momentum. Although now Bitcoin got 12 hours to achieve $8050 again in order to keep the bullish momentum but still there is a risk for a incoming dump. I'd say only $7,900 gives Bitcoin some chances of bouncing back, but I'm actually expecting lower lows after this, below $7,900 will dump price down to $7,500. If broken, it will test $7,000 as a provisional bottom.

[Fundamentals Of]

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

Some are saying we are getting ready to test the $9,200 resistance. Positive predictions and analysis are overflowing now. We might be conquering $10,000 in the next month or two. Bitcoin is now very bullish. There was a correction after that but it was very quick and now we are once again back at more than $8,000.

I do hope that we are going to get to $9200 after touching $8k again. I thought that the price would go on a down ward spiral after losing that $8k support after a few days ago, but it seems the market remain still and was about to defend that level.

So let's see if we are going to $8500 range now and then $9k in the next week or so.

These are interesting times in Bitcoin price movements. It crosses under and over $7,000 very quickly just as it also crosses under and above $8,000 very quickly. The movements of the price is very erratic as of this time and it is hard to to trading with this pattern. But still the hopes are high that we're hitting $9,000 very soon.

[onrise]

i dont want any sharp increase for bitcoin. it is better to stay around this resistance point for a while till some people start filling their bags around here and altcoins can take some breath as well.

A gradual and steady increase in the price of bitcoin is my preference this would give room for buying while taking profits after a rally and buying at dip again rather than sudden and sharp increase ie spike.
Meanwhile the price had corrected to the support at $7800 to $7900 heading up above $8K thus reaching $10K soon.

Anything which is steady and stable is their for the long term to stay and overall if seen in 2019 the rise has not being that steep or fall other than 1-2 times during the year which is the good sign. This means be we are seeing btc getting more stable and gradually the price rising and would see 10k and upwards in this year.

[BigBos]

It got to $8k, dropped down and went back again. I'm not really hyped but I'm observing. My goal is to sell off at past $10k and from there wait for a drop. I think that would be a safe spot to sell if we consider $7k as the floor for the remaining of the year. But then again, it's still just January, things could still change quickly with people on edge about Iran, etc.

yes, this is still in January, we cannot say that this is the bull run that we are waiting for. although bitcoin in a fairly short time reached a price of $ 8k, but after that, the development of the price was held back at the current price. I think that we need to wait a few more weeks for monitoring, whether the bull run will occur before halving or not. however, it is very difficult to predict the current price, but many people are quite optimistic about seeing the price of bitcoin rising at this time.