Bitcoin & Its Momentum

[styca]

I'm not sure that 10k will be so hard to break. We've seen it before when we sail straight through big psychological barriers. We are still nowhere near ATH, and I think if we see a sudden surge that pushes us back through 9k and goes through 9.5k as well, then there is no reason to think that 10k would bring the rise to a halt. A lot does indeed depend on momentum.

[ololajulo]

As it stands, Bitcoin along with many other Digital Currencies have been on a Rampage recently. Some achieving all new highs while BTC is sitting on top of 9k+ usd. Only question that comes to mind now is what next? Will it have enough momentum to break thru to the 10k usd mark or will we see a major price correction? As usual any thoughts and comments are more than welcome.

10k resistance wont really be that easy to break.Yeah, weve seen that we do climb price too fast but doesnt mean that it will sustain furthermore.
Now the price is somehow stabilizing in 8k which is a good thing but it doesnt give any signs if it would dump or rise on upcoming days or months.Who knows?
Correction is inevitable and can happen anytime thats why you should brace yourself on the potential risk that might happen.

The climbing fast was in consideration of the approaching halving. If allowed to continue in the same momentum we might likely break the ATH before halving or just immediately and will not be good for the progression we expect in the space, and the whales are smart enough to control it. I dont know the place of altcoins in this market, though its having a steady rally and increasing the total marketcap but how long will that be. The build up this year could be on bring more fund to the space and will most likely be from altcoin

[Pelunize12]

I'm not sure that 10k will be so hard to break. We've seen it before when we sail straight through big psychological barriers. We are still nowhere near ATH, and I think if we see a sudden surge that pushes us back through 9k and goes through 9.5k as well, then there is no reason to think that 10k would bring the rise to a halt. A lot does indeed depend on momentum.

This resistance is hard enough to break. many times Bitcoin fails to break this one
the nearest thing to do is breaking that trend line, I dont know when, but I'm sure it will

[naikturun]

might reach 10k $ in the middle of this year, coupled with libra and telegram news and maybe after ETH was upgraded to v 2.0 at the end of the year, my predictions this year might reach 13-15k $.
and there will be another decline in 2021 then it will increase at the end of the year.

[agentx44]

As it stands, Bitcoin along with many other Digital Currencies have been on a Rampage recently. Some achieving all new highs while BTC is sitting on top of 9k+ usd. Only question that comes to mind now is what next? Will it have enough momentum to break thru to the 10k usd mark or will we see a major price correction? As usual any thoughts and comments are more than welcome.

Bitcoin's momentum is very confusing, there are days where its value goes high continuosly while there are also days where its value falls down all of a sudden. After the sudden rise last 2017, the value of bitcoin hasn't recovered yet ever since and we are all very worried about it. With the upcoming halving, we can say that bitcoin may once again regain its momentum and we will see it break through its last highest record as its value goes up to the moon once again so let us all not stop believing on this.

[imstillthebest]

Bitcoin's momentum is very confusing, there are days where its value goes high continuosly while there are also days where its value falls down all of a sudden.

on other things , like fame for example . the momentum kicks in and you know that its there when someone or something is shining but like bitcoin and cryptos , their shine can also fade away  . in can be in an instant or it can happen in the few weeks  , its unpredictable for short  . no one knows when itl happen  . im saying that bitcoin and cryptos didnt differ on them   . so dont complain too much but instead love it , if ever the momentum for btc finally comes

[deathcode]

might reach 10k $ in the middle of this year, coupled with libra and telegram news and maybe after ETH was upgraded to v 2.0 at the end of the year, my predictions this year might reach 13-15k $.
and there will be another decline in 2021 then it will increase at the end of the year.

all predictions that haven't happened yet are likely to happen in the future. but never miss an opportunity. we only hope for an increase but as much as possible we should also be able to find predictions of a fall in the price of bitcoin which could be an opportunity for us to make a profit. especially with the state of the market that is full of updates from this year's big projects. hopefully, really become a good market for this year.

[Kasabus]

Next thing that happen was the price correction, and it seems like the price have already corrected, so we maybe ready for another pump again.
We need some pump this year as this could hype the market and that's all we need to trigger the bulls and we shall see some small FOMO.
now, market is down, so people stop speculating but so far btc is still sitting at a good price.

[beerlover]

Resistance is basically nothing as long as bitcoin wants to go up, resistance is only levels where it asks us if we want to break it or not. We have literally seen bitcoin move from $3k to $14k just last year, it hasn't been even a full year since we made that jump, you think there was no resistance between those prices? There was nothing that could potentially stop us?

We can break any resistance easily as long as we want to, if we think bitcoin is going up we both destroy the resistance ahead and most of the time people remove their orders as well so the resistance gets weaker both by buy orders and cancelled orders at the same time. What we need to focus is not "how bitcoin can go up" but more like "why bitcoin should go up" because if you give people a good reason, they will follow it.

[BartS]

As it stands, Bitcoin along with many other Digital Currencies have been on a Rampage recently. Some achieving all new highs while BTC is sitting on top of 9k+ usd. Only question that comes to mind now is what next? Will it have enough momentum to break thru to the 10k usd mark or will we see a major price correction? As usual any thoughts and comments are more than welcome.

At this point it seems very likely that we are going to see another attempt to try to make the price of bitcoin to reach 10k again, but it is going to be very difficult for bitcoin to reach that price because it is a huge psychological barrier.

Also I cannot help but think that there is a possibility there is a huge level of manipulation going on and all of those that bought recently are going to regret it and lose a significant amount of money if the price of bitcoin begins to go down.

[RealMalatesta]

At least it is not $9.6k anymore and dropped a bit so we can call it a correction, we are still around the resistance tho. Anyone thinks we will ever have a hard time about the resistance? It doesn't really look like the resistance will ever be a problem and we will move higher to me but I wouldn't call myself an expert on the subject so maybe I am wrong.

There are tons of so called experts (none of which I trust, they might be correct but doesn't mean I trust them) keep saying bitcoin will have amazing year, every day some other one comes up and says the same thing. I just believe that if we all think bitcoin will go up, if experts do think like that, if everyone agrees on it, that kinda means it should actually go up shouldn't it? That is kinda the whole system how markets work in the end?

[adroitful_one]

At least it is not $9.6k anymore and dropped a bit so we can call it a correction, we are still around the resistance tho. Anyone thinks we will ever have a hard time about the resistance? It doesn't really look like the resistance will ever be a problem and we will move higher to me but I wouldn't call myself an expert on the subject so maybe I am wrong.

There are tons of so called experts (none of which I trust, they might be correct but doesn't mean I trust them) keep saying bitcoin will have amazing year, every day some other one comes up and says the same thing. I just believe that if we all think bitcoin will go up, if experts do think like that, if everyone agrees on it, that kinda means it should actually go up shouldn't it? That is kinda the whole system how markets work in the end?

The way I look at it is like, who cares? If Bitcoin does drop down below $9k again, that would just be a good thing and give people a chance to buy in again at that price. We all pretty much agree that all signs are pointing to a pretty massive bull run coming up. So a little dip in price shouldn't really hurt anything in the long run. If it dips down again, buy whatever you can at that price. You may not get another opportunity to.

[rodskee]

At least it is not $9.6k anymore and dropped a bit so we can call it a correction, we are still around the resistance tho. Anyone thinks we will ever have a hard time about the resistance? It doesn't really look like the resistance will ever be a problem and we will move higher to me but I wouldn't call myself an expert on the subject so maybe I am wrong.

There are tons of so called experts (none of which I trust, they might be correct but doesn't mean I trust them) keep saying bitcoin will have amazing year, every day some other one comes up and says the same thing. I just believe that if we all think bitcoin will go up, if experts do think like that, if everyone agrees on it, that kinda means it should actually go up shouldn't it? That is kinda the whole system how markets work in the end?

The way I look at it is like, who cares? If Bitcoin does drop down below $9k again, that would just be a good thing and give people a chance to buy in again at that price. We all pretty much agree that all signs are pointing to a pretty massive bull run coming up. So a little dip in price shouldn't really hurt anything in the long run. If it dips down again, buy whatever you can at that price. You may not get another opportunity to.

Both of the scenarios are favoring investors,if the price fall?then we can purchase again before bitcoin halving effect takes place,second we can also make money if the price continues to grow because at least all the holders can now take their money after a long waiting for 2 years now.so basically good or bad movement are favor to us holders and accumulating for a long time now.

[davinchi]

As it stands, Bitcoin along with many other Digital Currencies have been on a Rampage recently. Some achieving all new highs while BTC is sitting on top of 9k+ usd. Only question that comes to mind now is what next? Will it have enough momentum to break thru to the 10k usd mark or will we see a major price correction? As usual any thoughts and comments are more than welcome.

No one knows yet this market had been unpredictable since from the start.We dont know if it will break out resistance or would dump again.
We cant directly pinpoint nor conclude on how things should go.Momentum can either go turn upside down on least expected.
For now the most important thing to be done is to know or utilize on making profits or money.Traders should be wise on dealing with
volatile prices.

Traders are the ones who are filling their bags with profit only due to these volatile markets. The quick price pump and dump is making us gain immense profits even in a bearish trend. Resistance has been crossed several times and even the price got back to the support level which is making it more difficult to predict the bitcoin markets.

For me, I find benefits from mid range or short range trading which does not make me bother about the future price but yes, I am the one who closely monitors the graph at least for bitcoins so any such huge pump or dump can be predicted few hours before it happens so it makes me find profits by quickly buying and selling.

[mrquackquack]

I thought given the current news around the world that Bitcoin would have the push it needed for the 10,000 usd mark. Only time will tell.

[tbterryboy]

The charts and patterns are showing bullish signs on the markets. This might not make any price correction but might lead bitcoins to cross $10k in the coming times. Bitcoins were actually in the dip for long time after the end of the bull runs from mid 2017 and from then to now, we could not see the price crossing more than 50% of its actual value. This might chance in few coming months.

Making a enhanced technical analysis and also studying the patterns and charts, a great pump can be predicted to happen shortly which would be followed by a number of pumps which would cross the limit of $10k in no time and the journey would continue until a final price is been reached.

[abdulfatah.busari]

I see bitcoin maintaining its present price (below $10k) until around middle of this year after which the price may drop. This definitely will afford the price other cryptos either directly or indirectly.

[mrquackquack]

Wow that's a really bearish outlook, any suggestions or thoughts into why?

[Kelvinid]

Wow that's a really bearish outlook, any suggestions or thoughts into why?

Halving brought to this kind of level and actually it makes people be hopeful enough as this serves as a helping tool for the market to soars high. Though it is quite that slow but its not a problem. The current market momentum is showing great that we might able to reach its peak this year.

What we have now is not to break its momentum and not being in FOMO'ed when we saw dump and sell our Bitcoin cause that will always lead into its ends and lowering down the price.

[Psynthax]

Wow that's a really bearish outlook, any suggestions or thoughts into why?

You should not always thing if that will be a bearish outlook. Some times the correction is needed to search the correct position for bitcoin and the whole of the market. Just expect this will not be so long and that will happened for the next days. This is a common correction that happened in any pump of bitcoin.