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

[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.

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.

Yeah, I agree, it will be a waiting game, but the good thing is that it was able to maintain the $8'ish level, might be a good sign after all. Erratic or trading sideways, it's hard to make money out of it,  .

so I guess the best thing for those who aren't adept to technical analysis is probably stay away and just observed the price movement and hope that $9k will be there in the horizon.

[1714763186]

1714763186

[chip1994]

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?

We have actually broken out of the strong resistance zone and it is preparing for a big pump like Q2 of 2019. In addition, the fomo sentiment about the Halving event this time, so no There is no reason for us not to buy bitcoin from now on and hold it in the long term. I believe that this growth will be long but slow, not strong pumps. We should be patient because after halving prices really grow, all we need to do is be patient and hold bitcoin from now on.

[kapalmabur]

$ 9000 has been reached in the past few days, maybe a correction will come to bitcoin going forward, I heard news about Qatar banning crypto currencies, if indeed Bitcoin could fall down

[sovie]

Chances are that bitcoin may pull back to 7000$ or 6000$ after this artificial pump is over. Bitcoin has touched $8k accidentally due to Iran/USA tension, this doesn't mean bitcoin is going to moon or ATH very soon. Bitcoin is still in buying range try to buy right now to get future profit.

[Questat]

Chances are that bitcoin may pull back to 7000$ or 6000$ after this artificial pump is over.

Everything is possible, we should be ready to that, however, prior to touching $8, we are struggling at $7k so let's just say there's a minor improvement.

Bitcoin has touched $8k accidentally due to Iran/USA tension, this doesn't mean bitcoin is going to moon or ATH very soon. Bitcoin is still in buying range try to buy right now to get future profit.

That's plan but you are right, it might not hold strong, but we should still expect that once it drop to $6k it will bounce back again like what happen in the past and this halving hype is strong, when nearing the schedule, it will save the price to pump.

[bassbity]

Chances are that bitcoin may pull back to 7000$ or 6000$ after this artificial pump is over.

Everything is possible, we should be ready to that, however, prior to touching $8, we are struggling at $7k so let's just say there's a minor improvement.

Bitcoin has touched $8k accidentally due to Iran/USA tension, this doesn't mean bitcoin is going to moon or ATH very soon. Bitcoin is still in buying range try to buy right now to get future profit.

That's plan but you are right, it might not hold strong, but we should still expect that once it drop to $6k it will bounce back again like what happen in the past and this halving hype is strong, when nearing the schedule, it will save the price to pump.

It's hard to say bitcoin will go down to $ 6k because with such a decline it will have to dump a large scale, right now, it's just that the fluctuation is not so bad because it tends to be stable.
Although this is the effect of Iran and the US, but we know that in the future it will bring benefits to the crypto market because of this extraordinary tension.
Take advantage of the opportunities now because bitcoin will be high again.

[asus09]

After finishing with $8,000 I think bitcoin can touch with higher price level above $10k in next moment, near close with bitcoin halving give big chance for bitcoin become above $10k but always have depend with demand and supply with bitcoin on exchange market, if always have bad news about bitcoin maybe make many investor want to sell their bitcoin assets and make price become down.

[luckyflop]

$ 9000 has been reached in the past few days, maybe a correction will come to bitcoin going forward, I heard news about Qatar banning crypto currencies, if indeed Bitcoin could fall down

When did you see the bitcoin price reach $ 9000? Last week the bitcoin price reached only $ 8500 and then it quickly fell below the $ 8000 level. I haven't seen any exchange trading bitcoin at $ 9000. In the future it is possible that bitcoin will reach this price level but it is currently not possible

[freedomgo]

$ 9000 has been reached in the past few days, maybe a correction will come to bitcoin going forward, I heard news about Qatar banning crypto currencies, if indeed Bitcoin could fall down

When did you see the bitcoin price reach $ 9000? Last week the bitcoin price reached only $ 8500 and then it quickly fell below the $ 8000 level. I haven't seen any exchange trading bitcoin at $ 9000. In the future it is possible that bitcoin will reach this price level but it is currently not possible

LOL, maybe he was looking at a very low volume exchange because I never remember it reached that high, you are right it only reach $8500.

actually we can check the history here https://coinmarketcap.com/

[Dabs]

Yeah, try and use one of the bigger exchanges to check on price, or even use something like bitcoinaverage or preev. They will show the rate aggregated with volume so we don't see unusual spikes too much.

[Hypnosis00]

After finishing with $8,000 I think bitcoin can touch with higher price level above $10k in next moment, near close with bitcoin halving give big chance for bitcoin become above $10k but always have depend with demand and supply with bitcoin on exchange market, if always have bad news about bitcoin maybe make many investor want to sell their bitcoin assets and make price become down.

Have we look into that kind of optimism and I think everyone is now looking for the market to strike again.
We reach at $14k last year and it seems not possible for making it happens once again, and probably more as halving would make a push on it.
Has to think that year is full of hopes for all crypto enthusiasts/supporters...

[Landak]

It has a good chance to defend the 8000... for now. But there's less than 3 weeks until the Chinese New Year, so I don't expect the euphoria last too long.

Well, approaching Chinese New Year, it is possible that next week the price of bitcoin will decline again, but it seems that it will not last long because from what I see the position of bitcoin at the price of 8k is quite strong and does not falter to fall to the price of 7k again so I'm sure after that bitcoin is fast will recover and continue to rise beyond the price of 8k could reach the price of 9k.

[STT]

Rising wedge it looks like -

Should I be bullish right now because my guess is not that especially.   My general take is we hit all walls on the squash court, without a clear to one direction I expect to hit the 50 day average down below before we react further.   Right now its just going sideways, some might think different but I dont take it as some positive when doing nothing much.   A pullback isnt especially negative either.

[Omnipotent1]

Is there any reason as to why the price rose to over $8,000? If so, then analyze that reason, it's current state, and then react to that.

[Wexlike]

Is there any reason as to why the price rose to over $8,000? If so, then analyze that reason, it's current state, and then react to that.

It's halving season. Lean back and enjoy your gains. Simultaneously the CME futures started for January after 6 months of downward pressure.

They want to make some money now with the halving headlines. Expect a lot of news and publicity when Bitcoin reaches $10k and the halving coming up.

[Shinpako09]

Chances are that bitcoin may pull back to 7000$ or 6000$ after this artificial pump is over. Bitcoin has touched $8k accidentally due to Iran/USA tension, this doesn't mean bitcoin is going to moon or ATH very soon. Bitcoin is still in buying range try to buy right now to get future profit.

Of course we are not having a new ATH very soon. We know it wasn't that easy but then it wasn't clear if the rise we are having right now is because of US-Iran tension. There's a chance it could be because of upcoming halving. Maybe we are going to pull back at $7k but $6k, I don't think so. It's proven, resistance at $7k is strong and as you can see we are now above at $8k again and we've been hanging at $8k for quite some time now. So it's possible $8k is our new floor price.

[asus09]

Today hit above $8,500 and bitcoin looks still going with higher price until $10,000, your prediction have pass with bitcoin touched on level $8,000 because bitcoin price today have been in $8500, still have chance for bitcoin back with higher price where not get bad news and conflict economic war where could make bitcoin and altcoin back with lower price,  I am waiting for bitcoin back with higher price next week.

[samuraijin]

but at the moment the price touches $ 8500 and it might be very easy to touch above $ 9000 or $ 10k, if investors and traders want another way so fast before bitcoin halving starts, I don't think it will be too long to wait for the next high price from now

[rdluffy]

It's exciting to see BTC rising again 

I'm happy because we finally pass trhough 8k again and the most important here is not dump and sustain this level of 8k, I'm tired of that 7k USD level 

Let's see the next movement

[Wexlike]

It's exciting to see BTC rising again 

I'm happy because we finally pass trhough 8k again and the most important here is not dump and sustain this level of 8k, I'm tired of that 7k USD level 

Let's see the next movement

It is a good feeling when a trade or an investment goes in the right direction. I particularly like the rather slow movement up and taking its time for a retrace without overheating. Would be nice to establish a true floor over $9k, or even $10k, before the halving.