outatime1
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January 08, 2020, 11:08:12 PM |
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It's possible based on some extreme price swings we have seen in the past. But it could also be more measured and deliberate. Remember, people have seen the price below 7k recently so they may not want to take a risk on buying too high.
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matchi2011
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January 08, 2020, 11:32:10 PM |
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It's possible based on some extreme price swings we have seen in the past. But it could also be more measured and deliberate. Remember, people have seen the price below 7k recently so they may not want to take a risk on buying too high.
But if the Fomo's continue those investors will go back and start chasing again the lowest value that they can get. This market rise are accompanied by ongoing situations not only the incoming halving but also the tensions from the middle east. Wealthy people are looking for alternatives and aside from precious metals, digital currency are also good for storing their assets.
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darkangel11
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January 09, 2020, 12:19:46 AM |
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What was Bitcoin's power level again? Maybe not next week but we are going to go there this year. It's an important level if we want to remain in a bullish setup for the halving. For now it really looks bullish, since the most important level was that 7.6k. Ity was not only a strong resistance since November, but also a level the bearish trendline that started in June was pointing to. Now we're above both the trendline and the resistance, which is probably the biggest bullish move since October but it can still end bearish like the move from October did in November...
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crossabdd
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January 09, 2020, 01:01:57 AM |
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before that, I saw a small decrease. as a form of correction. I think this will be more than $ 9,000. maybe the end of the month will reach $ 10k. wait and see. Bitcoin has left the bearish market. have a great start for bitcoin this year and next year.
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Finestream
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January 09, 2020, 02:43:50 AM |
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Looks like we are going to $9k next week ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Looks like not because bitcoin has stop pumping, bitcoin now is trading below $8,000 today with 4% dropped in 24 hours so far. As a result, the whole market is red right now - https://coinmarketcap.com/it seems like the small FOMO does not push through.
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AjithBtc
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January 09, 2020, 02:53:57 AM |
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before that, I saw a small decrease. as a form of correction. I think this will be more than $ 9,000. maybe the end of the month will reach $ 10k. wait and see. Bitcoin has left the bearish market. have a great start for bitcoin this year and next year.
Whenever there is growth in the price of bitcoin automatically there will be correction. Here too such a price correction has taken place. As expected there is growth from the very beginning of the year. This needs to continue, only then it is impossible to reach $9000+ value by the next week.
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Lanatsa
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January 09, 2020, 03:00:03 AM |
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Looks like we are going to $9k next week ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Not too fast imho yet the price had driven down to below 8k but somehow reaching another thousand dollar isnt really that far if we do base up on the current price movement happened on last 2 days where it do hit up 83--+ as far as i remember.Good thing for those people who bought below 7k price and that was an easy profits on shortest possible span of time.Due to this volatility activity at the moment it is really a good time to ride up on the waves to make short trades.Yes, its risky but very rewarding if you do able to get the right entry price and the take profit level.
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R |
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AakZaki
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January 09, 2020, 03:17:15 AM |
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Yes indeed, even though bitcoin is going to redeem the price of $ 8500 but it can't afford it and the price is back down a little now, but reaching $ 9000 is only a few hundred dollars more so for me it will be easy for bitcoin to redeem it. Many investors are now only short-term to get its profits.
not as easy as you say, the price of bitcoin is not exactly easy with each increase and decrease. it happened because of a process from either technical or fundamental. it does look mathematically close from 8500$ -9000$ but if a technical or fundamental analysis does not give a positive signal to the increase I think it will still be difficult. I think for this month it is quite below 9000$ first, the most important is the volume of trade has increased, because then for the next month I think it will be more volatile.
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BartS
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January 09, 2020, 03:36:59 AM |
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I'd be perfectly happy if it just stayed in the 8000s rest of this month and didn't fall back to 7000s.
Why? You are not happy for the current growth where the bitcoins price is slowly climbing? Are you afraid of something or? Maybe you should see on what is happening around and the current war is giving a good impact to the price of crypto and maybe we can see it pumping for more an reach the 5 digit figures and there's a halving coming and this will be the major good indicator that we will not see any dump. If you are referring about the conflict between the US and Iran it seems that both countries have decided they do not want to go to war after all, and that is the right decision, and if that is the reason for the increase in the price we saw then it makes sense the price is now decreasing. Besides I get that most people want to see the market growing as fast as possible but we also need periods of stability that give us the chance to buy bitcoin for a good price for some time.
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The Sceptical Chymist
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January 09, 2020, 04:01:57 AM |
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I'd be perfectly happy if it just stayed in the 8000s rest of this month and didn't fall back to 7000s.
I think I wrote nearly the exact same words in another post--but in any case, I agree with you 100%. And it's funny how when we get a little bump, members start cranking out the bullish predictions like OP did. I guess it did look like bitcoin was headed for $9k within a short time frame, but now that it dropped back below $8k things aren't looking as rosy. Probably for the best, too, since if the price rises too high, too fast then it becomes unsustainable and is prone to crash. Anyway, where bitcoin is at the moment is better than $6700 and I'll take it. If it stays around $8k for a while, I have no problem with that whatsoever.
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gabbie2010
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January 09, 2020, 04:09:02 AM |
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Looks like we are going to $9k next week ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) The price had rally well above $8K since the beginning of this year gradually and steadily the price is climbing up on in fact it touches $8400 before correcting to $8000 after president Donald Trump press release, hopefully the price would resume it bullish run any moment from now.
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d3nz
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January 09, 2020, 04:27:30 AM |
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Looks like we are going to $9k next week ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) The price had rally well above $8K since the beginning of this year gradually and steadily the price is climbing up on in fact it touches $8400 before correcting to $8000 after president Donald Trump press release, hopefully the price would resume it bullish run any moment from now. I don't think that the reason of price pump is about the press release of Donald Trump, and i think its all about the whales that is controlling the market flows. And also they will depend on the trending topic if its right to make a move and change the price. This is the reason on why we always need to check for the move of the price since it will really depend on the investors and if there is a global news that will affect the majority.
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Savemore
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January 09, 2020, 05:42:34 AM |
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I'd be perfectly happy if it just stayed in the 8000s rest of this month and didn't fall back to 7000s.
I think I wrote nearly the exact same words in another post--but in any case, I agree with you 100%. And it's funny how when we get a little bump, members start cranking out the bullish predictions like OP did. I guess it did look like bitcoin was headed for $9k within a short time frame, but now that it dropped back below $8k things aren't looking as rosy. Probably for the best, too, since if the price rises too high, too fast then it becomes unsustainable and is prone to crash. Anyway, where bitcoin is at the moment is better than $6700 and I'll take it. If it stays around $8k for a while, I have no problem with that whatsoever. I think the price will consolidate again around $8000. If the price of the bitcoin rises again then there will be a big pullback that will happen. As long as there is no breakdown that will occur, I will not let go my bitcoin. I recently add a position when the price breakout. We should be aware that aftet the breakout there will be a role reversal where resistance became support and it is sign of strength.
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bitcampaign
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January 09, 2020, 10:36:24 AM |
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Yes indeed, even though bitcoin is going to redeem the price of $ 8500 but it can't afford it and the price is back down a little now, but reaching $ 9000 is only a few hundred dollars more so for me it will be easy for bitcoin to redeem it. Many investors are now only short-term to get its profits.
not as easy as you say, the price of bitcoin is not exactly easy with each increase and decrease. it happened because of a process from either technical or fundamental. it does look mathematically close from 8500$ -9000$ but if a technical or fundamental analysis does not give a positive signal to the increase I think it will still be difficult. I think for this month it is quite below 9000$ first, the most important is the volume of trade has increased, because then for the next month I think it will be more volatile. but usually bitcoin always has a surprise for everyone sometimes we also don't know why bitcoin prices go up and down, the price of $ 9k seems easy to reach as long as there is no bad news about it sometimes it all comes back to news about bitcoin, a lot of FOMO coming now and it comes out from what people predicted, no one knew about next week
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January 09, 2020, 10:47:57 AM |
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Price looks like it's behaving as it should be. Any time it goes up 15% or more in such a short burst, it's got to come down a bit. Hangover today and possibly tomorrow, but if the bulls like the weekends again, then we should be seeing a renewed push for $8500 even on Sat/Sunday.
Definitely on track for 9k next week, but that's where it gets messy for me. No man's land of super thin orderbooks. A flight to 10k won't mean much in that case!
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barota
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January 09, 2020, 11:25:04 AM |
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this is very possible because when people start buying bitcoin again the bull run activate again; then the panic will decrease and prices to recover level of 3 month before when bitcoin tradable above 10k . the market of bitcoin like ride ; prices can rise to high level because end of manipulation
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maxreish
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January 09, 2020, 11:47:31 AM |
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Looks like we are going to $9k next week ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yay, I've been waiting for the $8,000 resitance to be broke. And this week has a positive ways going up. It will be great if it will slowly going up to $9k. At least small pumped was performed, that's a good sign thought it went down to $7,900 again. There is a high chance of bull run again. Since we've been experiencing since december the stable price at $7k so bitcoin is ready for massive pump now.
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luckyflop
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January 09, 2020, 12:59:32 PM |
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Looks like we are going to $9k next week ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Looks like not because bitcoin has stop pumping, bitcoin now is trading below $8,000 today with 4% dropped in 24 hours so far. As a result, the whole market is red right now - https://coinmarketcap.com/it seems like the small FOMO does not push through. The market needs to be adjusted before continuing to Fomo in the near future. The market is following many experts' predictions, and according to BTC chart analysis, the price of BTC needs to maintain the price of $ 8000 next week so we can continue to see growth in the few Next month, if BTC collapses from $ 8000 then Bitcoin is likely to go below $ 6000 again
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target
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January 09, 2020, 01:48:56 PM |
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Looks like we are going to $9k next week ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Looks like not because bitcoin has stop pumping, bitcoin now is trading below $8,000 today with 4% dropped in 24 hours so far. As a result, the whole market is red right now - https://coinmarketcap.com/it seems like the small FOMO does not push through. The market needs to be adjusted before continuing to Fomo in the near future. The market is following many experts' predictions, and according to BTC chart analysis, the price of BTC needs to maintain the price of $ 8000 next week so we can continue to see growth in the few Next month, if BTC collapses from $ 8000 then Bitcoin is likely to go below $ 6000 again The fomo will soon keep them buying eventually due to halving in few months. It may not lead to breakout for now but we'll get there. $9k is just few days more. The charts are telling the market can go up but also says it can also go down. If it goes $6k again, it a good price for those investors to come into btc before the halving.
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sovie
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January 09, 2020, 04:46:31 PM |
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Doesn’t seem possible now. Price of bitcoin is coming back slowly. Lets hope for some another big event, not a war between countries but something like Chinese president giving a pro blockchain statement. Only that’s the possible way now for bitcoin to go upto 9k$.
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