BTC rally has paused

[mahilchii]

After some great performance over past week BTCs rally has stopped which means it is struggling to go over $7.8, while most of the analyst revealed the price will reach till 10k if the rally continues like.

The resistance looks like the value may go till 8k or it will drop under 7k, however we have to hold our assets and wait for few more days.
https://www.coindesk.com/bitcoin-rally-pauses-near-7-8k-after-longest-winning-run-in-8-months

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[Stedsm]

It is holding a major resistance level which will now decide whether BTC breaks out upside or crashes down. Higher are the chances for a pullback though because a new bottom for this year is yet to be set by the traders (and to make longs lose billions in a few moments), so stay very attentive towards the markets and don't tell me that I didn't warn. I see this time to have a higher (opposite) probability of showing exactly what we are  not expecting at all, and then the real boom will start.

[MicroGuy]

Bitcoin will decline to between $500 and $1000 over the next 24 months as users discover better options that include privacy by default.

[mk4]

while most of the analyst revealed the price will reach till 10k if the rally continues like.

Here's a pro tip: stop listening to these so called "analysts".

The resistance looks like the value may go till 8k or it will drop under 7k, however we have to hold our assets and wait for few more days.

So you're pretty much saying that the price could either go up, or go down? 🥴

[Baofeng]

After some great performance over past week BTCs rally has stopped which means it is struggling to go over $7.8, while most of the analyst revealed the price will reach till 10k if the rally continues like.

The resistance looks like the value may go till 8k or it will drop under 7k, however we have to hold our assets and wait for few more days.
https://www.coindesk.com/bitcoin-rally-pauses-near-7-8k-after-longest-winning-run-in-8-months

It did touched $7800 isn't it, although it was for a brief moment and currently, it is still in the $77++ range. I think that next barrier though should be $8k before thinking of 5 digit figure again. I'm sure everyone knows that we're like 12-13 days before the next block halving so this might be the reason why we are entering this sort of bull-run, but just don't get too excited though, still a long way to go, everything here is not set in stone.

[nomenclatur]

After some great performance over past week BTCs rally has stopped which means it is struggling to go over $7.8, while most of the analyst revealed the price will reach till 10k if the rally continues like.

The resistance looks like the value may go till 8k or it will drop under 7k, however we have to hold our assets and wait for few more days.
https://www.coindesk.com/bitcoin-rally-pauses-near-7-8k-after-longest-winning-run-in-8-months

BTC has increased and decreased in the years 2019-2020 to this day there are no surprises in the prediction of BTC rose to $ 10k for this year we will see whether the whales would manipulate the price as last year the largest bitcoin holders will get what he wants bitcoin as a toy on the market price can be controlled bitcoin for this year bull run there is still a long way to go to achieve a rapid increase in the market this year.

[Ulven]

You know that the BTC’s currency price path has fluctuated for a decade!!OP It will definitely continue this way, so we will see more volatility in the near and far future. I think after halving the market growth will improve for the better so don't worry Always focus on the desire of the international community to obtain assets

[Kemarit]

After some great performance over past week BTCs rally has stopped which means it is struggling to go over $7.8, while most of the analyst revealed the price will reach till 10k if the rally continues like.

Who says so? Low volume? and why $10,000? Why not set the next target of $8000 and see how it goes?

The resistance looks like the value may go till 8k or it will drop under 7k, however we have to hold our assets and wait for few more days.
https://www.coindesk.com/bitcoin-rally-pauses-near-7-8k-after-longest-winning-run-in-8-months

Well that resistance might be the support for all we know and push the price to the next levels. We have seen green candles for the last 6 weeks or more already, and not just because of predictions of some so called experts, we can say that it is slowing down. Bitcoin market has so many surprises.

[hugeblack]

Not necessarily, but rather the end of the resistance level, and therefore it is difficult to rise more than that, in fact exceeding 7800 barrier means easy access to the next levels, which means an increase from 6000 to 10000 which is more than expected under the current circumstances.
Don't forget the recovery period from levels below $ 5,000, so BTC rally has happened .

[adaseb]

Basically its rising on low volume as you can see by the charts and this is pretty bearish. Its also in a huge bear flag. And to add to that its close to the $8000 supply level which took us to almost $3K. So it seems like a textbook short.

However this is bitcoin so it obviously won't be that easy. We might come to like $7950 and drop, or go to $8000, trap a few shorts and then spike to $8100+ and drop or simply go straight to a new all time high of $20K due to the halving.

Nobody knows what will happen. Just wait for $8K rejection and trade it off that, don't blindly enter the short there like people did in early 2019 shorting the $6000 area.

[jossiel]

These technical analyses are repetitive. When bitcoin will cross $8,000 then they have to tell that it should cross $9,000 or else it will drop to $7,000 - $6,000, etc. and so on. That's how they look and analyze bitcoin these days.

Just a cycle and they effectively affecting us. 

[justdimin]

After some great performance over past week BTCs rally has stopped which means it is struggling to go over $7.8, while most of the analyst revealed the price will reach till 10k if the rally continues like.

The resistance looks like the value may go till 8k or it will drop under 7k, however we have to hold our assets and wait for few more days.
https://www.coindesk.com/bitcoin-rally-pauses-near-7-8k-after-longest-winning-run-in-8-months

But things are looking different very right now. Markets looks very positive now as it seems rally continues still he big physiological resistance around $8k levels is needed to be broken for ensuring the rally toward $10k levels. In my opinion $8k will work more stronger resistance level than $9k because when bitcoin trades around $9k, traders are assuming bullish in full action whereas bitcoin trades around $8k or $7k, they may not assume which (bull or bear) is more stronger; This is how physiological resistance/support levels are working.

Once bitcoin will be able to break $8k levels and sustaining above $8100 levels then we can see quicker jump toward $10k levels as traders and investors will get ready for full swing bullish mood. I guess it is right to assume the current market situation is too critical for restoring the continuation of rally rather than it is being paused.

[gantez]

After some great performance over past week BTCs rally has stopped which means it is struggling to go over $7.8, while most of the analyst revealed the price will reach till 10k if the rally continues like.

The rally seem to be on as the price have jumped over $7800 to close to $8,000. I see more highs in price before halving hitting the market. Price is likely to keep going high at the moment till the end of this year. Therefore, it is a time for buying more btc .

[buwaytress]

I actually thought it would end yesterday, for the short term, but this now ensures the winning-day streak goes on (already the longest streak in 8 weeks). Quite ripe at 8.1k right now and I won't be surprised if we touch 9k today going at this intensity with US markets yet to wake up. Of course, they could just as easily wake up and decide to chomp down on quick profits, relying on China/Japan to pull the socks back up again tomorrow.

[Oasisman]

It seems that the rally ain't stoppin at this very moment. Bitcoin is sitting at $8,100. Now, you set aside your worries about the rally because there might be an continuous upward movement that's going on.
This is going to sound bullish for the other people, specially now that there are only days away from the block halving.
This is also a sign that the pandemic has only made a minimal impact towards cryptocurrency.

[Harlot]

Lol!!!!, just after the day of posting this Bitcoin suddenly rallied upwards up to 8,300$ which makes the author really not to be trusted with. The author, Omkar Godbole, is actually the ones who thinks that the deflation that USD is facing is "good" for Bitcoin. I'm starting to think that this guy working for CoinDesk is something not to be trusted with since he is just making worthless post after post. This just proves that even writers with names are creating topics that can create panic to attract attention in the internet.

[hahay]

On one occasion yesterday I told someone if at least 8k will be achieved in the near future and now we even see this increase is greater than imagined and also, I am sure this rally will continue to penetrate the next resistance, who would have thought this great recovery would occur in the midst of a pandemic and before the halving event because it will at least make a more significant increase.

[The Cryptovator]

Bitcoin now trading above $8.65K (Coinbase rate). Approx $300 bumped within 10 minutes I was checking price that time. I have doubts on BTC movement from last day until today. Although it's not new for bitcoin but likely halving FOMO is working. Still my mind don't allow to believe it as a real bump, otherwise might encounter small pull back from this zone. By the way, current movement of bitcoin has proved OP's thread title (LOL).

[tokeweed]

This thread's title:  0

BTC rally:  1

But seriously...  Wtf is going on?  Is this finally it..?

[stompix]

Lol!!!!, just after the day of posting this Bitcoin suddenly rallied upwards up to 8,300$ which makes the author really not to be trusted with.

This happens with most predictions all the time, you finally think you saw the right price in a dream written on a leaf just between the unicorn legs, you rush t post a tweet or write a blog and by the time people start learning what you've written, it's already so wrong everyone is laughing at you!

If somebody would ask me right now what the price would be tomorrow I would say between 5k and 20k but I would still not be willing to bet my house on it.
Trying to predict the price with less than 5% spread, especially in the short term and in this time, when everything is a mess and base it on some Mayan secret analysis is the bulletproof way to make a clown out of yourself.
If you throw a wild prediction nobody would laugh at you but when you come with all those graphs and charts ....

I'm starting to think that this guy working for CoinDesk is something not to be trusted with since he is just making worthless post after post.

You're still in doubt?

Disclosure: The author holds no cryptocurrency at the time of writing.

Nocoiners are not to be trusted!!!!!!