Bitcoin just hit $8000 today and dropped right back

[$crypto$]

Bitcoin is already moving and I'm not likely to go back to $7,000 because this is a definite increase in things waiting for halving that will soon be happening.

News fud will not be affected by the price of bitcoin down again.
Bitcoin will soon be $10k  great. (maybe more)



12 days is more than half a day 
What is the highest bitcoin price after halving? let's prove it.

[rexxarofmoknathal]

Looks like it is still hovering around the $8150 mark now.

Whenever a cryptocurrency passes through a crucial resistance like $8,000, you should always expect some pull back.

In fact, resistance crosses are a great opportunity for a transient short. But you need to get in and out very quickly and run tight stop losses or you'll get completely ruined.

[WalletPlus]

I don't know what the OP is trying to say with that dropped right back at the moment BTC is breaking the roof and soon is ready for moon-lading.
No FUD can stop it!!

Strap in boys, we're eyeing the Lambo!

not a lambo, a rocketship.

[stomachgrowls]

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

No man can predict out on what would happen on next minute here on crypto because anything can happen on least expectation.Just basing on the current price we are into which it almost
hit up or trying to break 9k barrier.Im pretty sure that most people havent expect for the price to rose this up.

We have tanked on 7k price for a while and then suddenly we do see these numbers which we really didnt expect and talking about pullbacks then its just normal because market cant be
considered healthy if we do just see rising prices.There would be always a sell-off for making profits.

Noticed about the recent development? Nothing that much because these percentage increase is just like a typical day here on crypto.

[Ridwan Fauzi]

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

The target most of trader/invstor are to see bitcoin price reach to $8200 first, if its price touch $8200 then we will see the price will up and we can see it right now. But if bitcoin price fail to reach $8200 and just stable at $7800-$8000 we will see bitcoin price will fall to the lower price. Seem like it is just an injection for halving event. We will see a bull run will comes soon.

[cafetools]

9k is the major resistance right now, lots of people selling at 8950 an taking profit. But theres too many bulls hearing about FOMO so its just a matter of time, China is waking up and soon they will FOMO buy.

[Oasisman]

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

The target most of trader/invstor are to see bitcoin price reach to $8200 first, if its price touch $8200 then we will see the price will up and we can see it right now. But if bitcoin price fail to reach $8200 and just stable at $7800-$8000 we will see bitcoin price will fall to the lower price. Seem like it is just an injection for halving event. We will see a bull run will comes soon.

How about at this very moment? Looks like Bitcoin is rallying now. Does this means, the price won't have any chances to go back down again?
Bitcoin is up more than 12% from the last 24 hours. Yet, anything could still happen. It's either go up continuously, or will going to have a correction before the bull run.
Either way both directions could give it's corresponding benefits. So, there's nothing to worry about.

[joinfree]

That's good news but I think the price of bitcoin is likely going to increase the more in the coming days. It's likely going to peak at about $10K when bitcoin block reward is finally halved. It's still not late to buy and hold some bitcoin. Some major altcoins are also doing well and you can decide to look at them as well. Take for instance, ETH, BNB etc.

[Baofeng]

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

The target most of trader/invstor are to see bitcoin price reach to $8200 first, if its price touch $8200 then we will see the price will up and we can see it right now. But if bitcoin price fail to reach $8200 and just stable at $7800-$8000 we will see bitcoin price will fall to the lower price. Seem like it is just an injection for halving event. We will see a bull run will comes soon.

That $8200 target of traders/investors have been validated already. We are going to test $9k barrier. Just in the last 24 hours, bitcoin has spike to more than 10%, so this is a very bullish signal, in my opinion, it is above the 10 day and 50 day MA. So for now, there's no dumping to $5k, what we have now is FOMO. And probably will FOMO tell the day of the halving.

[Distinctin]

It is the whales dragging it up and shouldn't be wondering that thing will happen. Then people will say this is BULL TRAP?
Now since we are breaking the $8000, we ought to think that halving will possibly make an exciting moment to see in front of this pandemic. I know people might thinking this is a sign for BULLRUN and it gonna be right or maybe.

Anyway, a little bit far from halving and changes will come all the time, and we are not sure by then if this uptrend motion will continue to click or it falls back to $7k.

[cafetools]

Lots of people have free time on thier hands, they have $1200 extra from the us Gov. to spend, and EVERYONE wants to get rich quick!

Can everyone say FOMO PUMP?

[CaVO32]

It is the whales dragging it up and shouldn't be wondering that thing will happen. Then people will say this is BULL TRAP?
Now since we are breaking the $8000, we ought to think that halving will possibly make an exciting moment to see in front of this pandemic. I know people might thinking this is a sign for BULLRUN and it gonna be right or maybe.

Anyway, a little bit far from halving and changes will come all the time, and we are not sure by then if this uptrend motion will continue to click or it falls back to $7k.

As we speak, we are in the $8700 level already and $9k is very much possible to happen in the next coming hours or days. With the upcoming halving, many are really interested on what will happen to bitcoin's price. Whales are certainly on the move. A lot of money will be seen in the next coming days. But if you are a small crypto user, just make sure you are taking care of your own portfolio. There will be so much hype once the halving is getting near and right after the halving so you should be prepared on what you will do with your crypto.

[STT]

Its fair for the bounce from the low to accumulate into more in this pressure cooker prior to the block reward change, thats all positive sentiment.    Todays high price has been an old trend in line with the overall price trend since March low :



If we pull back just to the previous positive trend we'd be at the 2 day average, so thats about 8000 area.   If OP saw 8000 as possible top of some kind, then it can be some support on the way back.   I'm not yet sure if that low would then be a place to buy for higher prices still.   Generally its acting positive and should not be doubted for now, myself I thought the 200 Daily moving average would be where we stay for April at least.

[UserU]

Nearing 9K now, that's one major jump right there.

[akram143]

Nearing 9K now, that's one major jump right there.

Its $9350+ and looks still increasing.

In my local exchange the prices are selling near $10K so it looks perfect time for the bullish trend to begins since we have few days left for halving.

[onrise]

Nearing 9K now, that's one major jump right there.

Btc price are on rise as we are not far away now from halving and we will continue to see some more upside and we are already at 9200$ and let us see if we can see 10k as well or will it remain at this level. Though people may book some profits as well at this level around and easy gain of 1500$ per coin in just 2 days which is very cool in this market.

[bakasabo]

Nearing 9K now, that's one major jump right there.

Its $9350+ and looks still increasing.

In my local exchange the prices are selling near $10K so it looks perfect time for the bullish trend to begins since we have few days left for halving.

Downtrend has already started. We are below 9k now. Hope this is just a correction before weekend and on Monday the growth will continue. How this was not that "bull" have to show atm. Anyway, this was a great 1 day rally and all greedy holders jump off the rocket

[lienfaye]

Its nice seeing the market on green status because its been a while since we last saw it on bullish trend. It might because of the coming halving thats why the price is soaring high, investors are looking forward for that event to happen due to impact of it just like in the past history.

Well it seems the situation is turning good and its favor to us investors. If the price went down again its because of the investors taking profit already and contented with what they gain.

[stadus]

The highest thus far was $9400 before the price drop below $9K now, I think it will not stop at that price, it's possible that it will bounce back again and will continue to break some big resistance, I don't know what price it would stop but I'm liking the FOMO at this stage.

[UserU]

Its $9350+ and looks still increasing.

In my local exchange the prices are selling near $10K so it looks perfect time for the bullish trend to begins since we have few days left for halving.

You're right, the trend will most probably continue upwards until the halvening, which would either crash or remain high. Although I feel the former is likely to happen once the investors quickly realize their profits.

Still not too late to board the train!