Let's see If BTC re-test 9500$ zone

[STT]

BTC is one of the most speculative assets I can think of, because of its giant growth and being a new sector of the economy its prone to over investment shall we say which means the price represents very much more then fundamentals and reactions to protocol changes and other solid factors.   Its very much a case of speculation and relation to expansion of the economic and monetary base generally, put simply there is alot of air in there to give us leeway on the price and that makes it pretty hard to predict imo.
   I think the charts are the most valid perspective I have because the price is literal and not in dispute where as every fact or change we discuss can have varied effect now or over time.  I do think halvening will take time, more then a year to really kick in exactly.

[samcrypto]

it looks like the price of Bitcoin will not go up to $ 9500 for now, the price is breaking down to $ 9100 now, what do you think? is it still up to $ 9500 or will we indeed see the price of Bitcoin even lower?  

I’ll go for a lower prediction but I believe it will not dump that much again and $8k level can be a strong support. If bitcoin continues to drop, then its confirm we can’t go up to $9500 level for now. We are still on an up trend long term chart so nothing to worry about, give more time and the you will feel the effect of halving.

[TheGreatPython]

We are already at around 9k level right now once again, its not looking good because we were almost at above 10k once again after the pandemic but we went down. The sad thing is, the sudden drop was caused by some person who was early bird sold 50 bitcoins that was mined very early and everyone imagined that was satoshi who did it, Craig even tried to claim it was him once again (could he actually be certified insane person?) and it came out that it was nothing of sorts and was just a regular early bird and nothing more.

But that didn't stopped the price from falling when it first happened, I imagined it would go up very quickly after people realize it wasn't satoshi himself, for some reason that didn't happened, the price even went down further, I don't know exactly why that happened.

[Lasky366]

BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.

Well, Monday red day.. BTC dumped around 8600 ✅

Now there is more opportunity to test 8900-9100! If it break the 8500 level, we can expect more dumps!

[maydna]

Until now, the price still moving around at $8,600-$8,700-$8,800, but we might see $8,900 tomorrow although it does not increase higher for this day to break $9,000. But there still a chance to see bitcoin price will break $9,000 because we have another day to see that will comes at the market. So we need to be patient, and still, try to search for the good time to buy and sell bitcoin if we want to trade. But if our target price is at $9,000, then we should hold tight bitcoin until that price so we can sell it right away once the price hit that price. But I am sure that the bitcoin price will increase more than $9,000 and it will hit the new ATH later.

[Desscount]

How is it now ?, $ 9500 has been passed and the price of Bitcoin has fallen below $ 9,000,
is there a chance to enter now ?, or should we wait further down? thanks

[btc_angela]

How is it now ?, $ 9500 has been passed and the price of Bitcoin has fallen below $ 9,000,
is there a chance to enter now ?, or should we wait further down? thanks

$8800 is a big retest now, this is a strong resistance as far as I know, but who knows, if this barrier is broken, then we might get a dip even further to $8500.

So it will be interesting how the bears and bulls are going out to play with this resistance zone. I'm seeing somewhat that we are going to be trading in a sideways this week, until a imminent break out, either going south or north. So let's see how the market is going to reach in the next couple of days.

[tbterryboy]

It is actually on a very sensitive position right now and I really don't know what to do. If the price breaks under 8.2k to go a bit lower (like 8k for example) it could drop very fast and very low , thinking about under 5k if it crashes. I am not saying that will happen but the road to there is not really that challenging, if enough people gets scared and sells they could do that. There is of course a possibility it could stop too but wouldn't be easy.

However if the price moves beyond 9k once again and recollects, that means we could break above 9.5k and even 10k too (not too much, just 10.2k I assume). This is a very weird spot to be in, we could have 100% difference in price of bitcoin with just one small move, I remember many times bitcoin moved but do not remember being this sensitive.

[Oceat]

How is it now ?, $ 9500 has been passed and the price of Bitcoin has fallen below $ 9,000,
is there a chance to enter now ?, or should we wait further down? thanks

I would say that we should wait a little longer since Bitcoin is trying to get past $9k but if we see a consecutive drop then that's the sign that it might go for the bottom. Although it's just too early to say this since halving just recently happen but the possibility is in there. I say, wait until this month ends because Bitcoin is just too volatile and the process of growing is too slow then decide after that.

[7788bitcoin]

~
I would say that we should wait a little longer since Bitcoin is trying to get past $9k but if we see a consecutive drop then that's the sign that it might go for the bottom. Although it's just too early to say this since halving just recently happen but the possibility is in there. I say, wait until this month ends because Bitcoin is just too volatile and the process of growing is too slow then decide after that.

The price is not struggling to reach the $9k valuation but there is a resistance to cross the $10k valuation for quite some time, we had a few pushes in the past few days to cross the resistance and once it failed the price went down again. It is nothing new and the correction does happen when the resistance is too strong, make sure that you find these small corrections as an investment opportunity rather than seeing it on a negative sense.

[LUCKMCFLY]

BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.

The vision is not bad, at the moment the volume is strengthening somewhat the demand, the supply has stopped a little, I think it is necessary to wait since the correction may have been made to test those bears that have planned a type of attack, I think that the bulls will drive the price from $ 9.5k to $ 10k causing a stabilization of the market.

[Harriti]

BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.

The vision is not bad, at the moment the volume is strengthening somewhat the demand, the supply has stopped a little, I think it is necessary to wait since the correction may have been made to test those bears that have planned a type of attack, I think that the bulls will drive the price from $ 9.5k to $ 10k causing a stabilization of the market.

I don't think so. Take a look at the day candle of bitcoin yesterday, it was below the EMA 7 and that signals an upcoming downtrend season. This growth needs to be adjusted and bitcoin may soon fall to $ 7k5 or worse $ 6k8 again. The bulls no longer show up now, maybe it has smelled a big risk in buying bitcoin at this time.

[milewilda]

~
I would say that we should wait a little longer since Bitcoin is trying to get past $9k but if we see a consecutive drop then that's the sign that it might go for the bottom. Although it's just too early to say this since halving just recently happen but the possibility is in there. I say, wait until this month ends because Bitcoin is just too volatile and the process of growing is too slow then decide after that.

The price is not struggling to reach the $9k valuation but there is a resistance to cross the $10k valuation for quite some time, we had a few pushes in the past few days to cross the resistance and once it failed the price went down again. It is nothing new and the correction does happen when the resistance is too strong, make sure that you find these small corrections as an investment opportunity rather than seeing it on a negative sense.

People do always treat it on negative way most of the time, in spite on making their move or buying opportunity they do just let the chance to slip away.
Market do really have that pumps and corrections which signifies a healthy market yet we cant see a continuous rise in a short span of time.We have seen basing on technicals that it do really have that strong resistance on 10k onwards but it would still need to break that 9500 ceiling before we do talk on further prices.

[Lasky366]

BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.

Well, Monday red day.. BTC dumped around 8600 ✅

Now there is more opportunity to test 8900-9100! If it break the 8500 level, we can expect more dumps!

Well I have shared a BTC Chart & predictions few days back & it is exatly following this chart 👍
Price pumped to 9011 ✅

Boom🚀

[bearexin]

It seems small level miners are leaving off from their mining business and no one is ready to buy bitcoins at current prices. Probably miners may join back when bitcoin prices will be double whereas investors are waiting for lower prices than current prices to buy. This is the reason, we are seeing drop in hash rate and bitcoin is struggling to pass over $9000 levels today. Now, $9000 levels is slowly becoming a major resistance levels as it had heavy sell off today when tested.

Probably, first hash rate may become attractive for miners to get into before investors joining for pumping. Usually higher tx prices trigger bull trend but this time after halving, reciprocal is happening which must be due to both miners and investors are waiting for right time to get back. Probably we may test $8500 levels before testing $10k again.

[arwin100]

BTC is coming out of downtrend.So short term may be bullish.Let's See if BTC retests 9500 Dollars Zone.

The vision is not bad, at the moment the volume is strengthening somewhat the demand, the supply has stopped a little, I think it is necessary to wait since the correction may have been made to test those bears that have planned a type of attack, I think that the bulls will drive the price from $ 9.5k to $ 10k causing a stabilization of the market.

Maybe we can see the price drop to 8500 for a while before climbing back to 9000 price level since there are so many things happening right now and the one I see is constant dropping of the price although there's a demand a little bit but I don't think it could support to drive up the price for a good pump. But we don't what will happen next and let see how the market moves in next following days.

[serjent05]

It seems Bitcoin failed to re-test $9500 zone this past day.  Although it get past $9000, it goes back to $8800+ again. The market seems not ready to sustain Bitcoin above $9k for now.  I think we need more time for the market to fully functional since it was somehow greatly affected by the pandemic.

This can be a good read why Bitcoin somehow failed to sustain $9000 mark.

[rodskee]

it looks like the price of Bitcoin will not go up to $ 9500 for now, the price is breaking down to $ 9100 now, what do you think? is it still up to $ 9500 or will we indeed see the price of Bitcoin even lower?  

I’ll go for a lower prediction but I believe it will not dump that much again and $8k level can be a strong support. If bitcoin continues to drop, then its confirm we can’t go up to $9500 level for now. We are still on an up trend long term chart so nothing to worry about, give more time and the you will feel the effect of halving.

Looks like the strong support is $8,500 if we will look on how the market is moving right now but of course things may come sooner.

i was thinking of waiting for at least 6k level if possible because i believe that the effect of this bad market will continue the whole 2020.

It seems Bitcoin failed to re-test $9500 zone this past day.  Although it get past $9000, it goes back to $8800+ again. The market seems not ready to sustain Bitcoin above $9k for now.  I think we need more time for the market to fully functional since it was somehow greatly affected by the pandemic.

This can be a good read why Bitcoin somehow failed to sustain $9000 mark.

$9,500 is too high for re test because we cannot even break 11k so what more falling under 9k more?

maybe for the next quarter there will be some changes if the Virus continue lowering,seeing the record
now it looks like the death toll is lowering day after day.

[michellee]

It seems Bitcoin failed to re-test $9500 zone this past day.  Although it get past $9000, it goes back to $8800+ again. The market seems not ready to sustain Bitcoin above $9k for now.  I think we need more time for the market to fully functional since it was somehow greatly affected by the pandemic.

This can be a good read why Bitcoin somehow failed to sustain $9000 mark.

Yes, bitcoin price back to the price now. We might re-test $9,500 zone in the next month while we need to satisfy with the price now. But fortunately, bitcoin price now can increase and back to $8,900 level so the chance to reach $9k will be still wide open in this week or next week. So we need to wait and see what will happen later while we still need to be careful if somehow, the bitcoin price is down again.

[STT]

9200 area is quite a strong area to take a opinion on and its also the weekly average which I always like to watch for what mood BTC will be in this week, we hesitated so long going downwards people started buying again or at least closing those shorts which is fair enough and to be expected.



This would seem to break the recent downward momentum and we start over again, basically indecision and hard to judge.  I had bets nearer to 8000 which I doubt pay off now, its more likely the OP target is going to occur before that scenario if at all.