Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?

[SquallLeonhart]

It seems it is too early to assume about high volatile times right away. I am not seeing wild fluctuations but market seems too bullish rather than anything else. After testing $9600 levels today, it seems it is too stable as of now. I guess there cannot be any chances for the prices to test $8000 levels here after as market may slowly go up and break the resistance levels around $10500 here after as we are seeing support around $8900 to $9100 hold too stronger.

At the same time, unable to hold above $10k levels makes me think about possible ran bound scenario for short term. This could be because of lack of supporting positive news. If there would have been no pandemic and no slow economic conditions on most countries then I guess bitcoin might be trading above $14k right now.

[DoublerHunter]

^ Why all you guys worried too much about the small correction that recently happened. I have seen different TAs but all of 'em did not get an exact result after they posted. The market now showing green color and I think that is a good sign that there is resistance after the correction happens. As always, this is what I am thinking when there was a little downtrend. I am now waiting when the $10k hits again in the market.
Nevertheless, the volatile thing was always there, be prepared at all costs, and invest only what you can afford.

[LUCKMCFLY]

~Snip~

People are often guided by the news, sometimes the news has a context of forming a feeling of emotion, whether it is panic or taking advantage to buy, it all depends on how we see the market, big speculators like Jesse Livermore did not see news referring to the market in the 1800s because he said he was involved in the analysis and decisions, sometimes it is better to have your own opinion when faced with any type of news.

[okala]

Bitcoin might still go down a little before we begin to see another upward again. The market is going to do well around October to December this year and that is why we may see a repeat of what happens in 2017.

[FanEagle]

Well, hopefully the volatile times would get back because of two reasons. First of all volatile times getting back could mean bitcoin going up and I have my orders at $12k to sell in order to take my profits, if it goes down under $7k once again I will buy as much as possible (more likely at $6.4k I will go all in) so I would very much like the price to hit $12k first and go under $6.5k after that in order to maximize my profit while having a ton of cash but same amount of bitcoin or just no cash but a lot more amount of bitcoin without spending any money.

But, secondly and more importantly the more bitcoin moves the more attention it gets so if bitcoin suddenly goes to $1k and then to $20k and then to $5k and then to $30k, all of that will be news and all of that will cause a ton more new people to join bitcoin revolution.

[Farma]

Bitcoin might still go down a little before we begin to see another upward again. The market is going to do well around October to December this year and that is why we may see a repeat of what happens in 2017.

yeah, but I don't think that a decline will make it stable at $ 8k. so far, the price of bitcoin has recovered to near $ 10k. however, I think that the price of bitcoin will definitely recover to $ 10k. honestly, I am still waiting for the halving effect at this time, and I feel that it is only a matter of time until the price returns to the level of $ 10k.

[shoreno]

Bitcoin might still go down a little before we begin to see another upward again. The market is going to do well around October to December this year and that is why we may see a repeat of what happens in 2017.

yeah, but I don't think that a decline will make it stable at $ 8k. so far, the price of bitcoin has recovered to near $ 10k. however, I think that the price of bitcoin will definitely recover to $ 10k. honestly, I am still waiting for the halving effect at this time, and I feel that it is only a matter of time until the price returns to the level of $ 10k.

why not ? recent flow of btc are pretty stable  . it can be stable at any amounts it hit right not but the chance of touching it to 10k is also easily achievable   . about the halving effect   , i cant even feel it too . halving effect havent started  yet  but thats okay as long as btc flow will be this good there is no point of panicking at the moment     .  btc ranging from 8k usd to 10k usd is now a normal scenario that we saw often , dunno why people are still going back to talk about it

[btc_angela]

Bitcoin might still go down a little before we begin to see another upward again. The market is going to do well around October to December this year and that is why we may see a repeat of what happens in 2017.

It could be, but we are still far from October to December so there's a lot of possibilities. $8k is possible if we are going to see some negative news, fuelling the sentiments of investors to push the price to that level. However, the price seems to be stable above $9k and just trading sideways as most TA guys saw or predicted it. We might see some slow movement, unless a break out run happened. And $9k range should be the new normal price.

[Stedsm]

To what I've seen, experienced and believe - Bitcoin does it like this always - "The near we expect, the far it goes." It's been following this theory since the last few months since when it has been playing see-saw with some key levels - breaking them up, coming down under again, then repeat. This is why I saw and I expect that while $10k seems nearer to be broken, BTC could rather go for a downshot and kill our expectations first before making a major correction. That's how it liquidated around $150 millions just when we saw a $500 increase in price yesterday.

[dunfida]

Bitcoin might still go down a little before we begin to see another upward again. The market is going to do well around October to December this year and that is why we may see a repeat of what happens in 2017.

yeah, but I don't think that a decline will make it stable at $ 8k. so far, the price of bitcoin has recovered to near $ 10k. however, I think that the price of bitcoin will definitely recover to $ 10k. honestly, I am still waiting for the halving effect at this time, and I feel that it is only a matter of time until the price returns to the level of $ 10k.

why not ? recent flow of btc are pretty stable  . it can be stable at any amounts it hit right not but the chance of touching it to 10k is also easily achievable   . about the halving effect   , i cant even feel it too . halving effect havent started  yet  but thats okay as long as btc flow will be this good there is no point of panicking at the moment     .  btc ranging from 8k usd to 10k usd is now a normal scenario that we saw often , dunno why people are still going back to talk about it

Theres no such thing about normal scenario because any price level can be potentially a new range on where the market can move sideways for a matter of time
but doesnt mean that we would really stay up on there forever.Potential movements can either be dictated randomly via news or some sort.
Important thing here is that we do prepare ourselves on possible scenarios that would happen ahead.Lots of speculation floating around on which do really
make things even more confusing for some.

[semobo]

It seems like we are heading towards more down with the 24 hours price trend on the crypto market.I feel this is really bad thing to happen now because it might trigger another panic selling attack towards cryptos.

[babygun]

It seems like we are heading towards more down with the 24 hours price trend on the crypto market.I feel this is really bad thing to happen now because it might trigger another panic selling attack towards cryptos.

These small drops and even a slight downward trend will not trigger another panic selling attack. We might see one in the near future, if we get another massive crash on the stock market.

[Oceat]

It seems like we are heading towards more down with the 24 hours price trend on the crypto market.I feel this is really bad thing to happen now because it might trigger another panic selling attack towards cryptos.

These small drops and even a slight downward trend will not trigger another panic selling attack. We might see one in the near future, if we get another massive crash on the stock market.

So far it manage to hold at $9k level and the price is just bouncing back at the same price as it is in its previous price last week. So there's no need to worry about this it won't trigger a panic selling but if we are going to see a simultaneous drop from the market, then expect a massive panic selling that would eventually make the price go deeper.

[semobo]

It seems like we are heading towards more down with the 24 hours price trend on the crypto market.I feel this is really bad thing to happen now because it might trigger another panic selling attack towards cryptos.

These small drops and even a slight downward trend will not trigger another panic selling attack. We might see one in the near future, if we get another massive crash on the stock market.

The trend keep shifting in the same price region for too long that is why I said even a little more drop from the region could be resulted into a panic selling wave.Fortunately we haven't seen such kind of market movements yet.

[Twinkledoe]

It seems like we are heading towards more down with the 24 hours price trend on the crypto market.I feel this is really bad thing to happen now because it might trigger another panic selling attack towards cryptos.

These small drops and even a slight downward trend will not trigger another panic selling attack. We might see one in the near future, if we get another massive crash on the stock market.

So far it manage to hold at $9k level and the price is just bouncing back at the same price as it is in its previous price last week. So there's no need to worry about this it won't trigger a panic selling but if we are going to see a simultaneous drop from the market, then expect a massive panic selling that would eventually make the price go deeper.

Interesting what would the market's sentiment be in the next couple of weeks? But we are already fortunate that it's been long that it sustained the 9k level. 10k level is very much possible maybe before the end of this year. Those who will panic sell will regret as bitcoin's price is deemed to increase in the very near future. But all up to the user as it is their funds at stake here.

[Kemarit]

It seems like we are heading towards more down with the 24 hours price trend on the crypto market.I feel this is really bad thing to happen now because it might trigger another panic selling attack towards cryptos.

These small drops and even a slight downward trend will not trigger another panic selling attack. We might see one in the near future, if we get another massive crash on the stock market.

Of course, this kind of price fluctuations is a bit normal in this current market situations. And I doubt that we need to panic on every small drops, LOL And as long as we are above $9000, there will be no sudden liquidation. Again to see if there will be some cashing out, five digits should be reach.

It is interesting to see how stock market goes though, because recently it seems that we have a strong correlation with it. We also have to see if this will have a negative effect in the next 24 hours:

https://www.europeworldnews.com/bitcoin-options-worth-930-million-will-expire-next-friday-is-there-time-to-worry/

[maydna]

The trend keep shifting in the same price region for too long that is why I said even a little more drop from the region could be resulted into a panic selling wave.Fortunately we haven't seen such kind of market movements yet.

If the price is down below $9k, then the panic selling will happen because many people don't expect to see the decrease. But if the price can stop from falling below $9k, and it is back to the higher price for a while, then they will not sell their bitcoin, but they will wait for a while so if the price can still increase to the higher price, they will sell it to make a profit.

And now, we see that the price can be back to the $9,200 level, so the chance to see the price still increase will wide open. But still, be careful with any possibility that can happen later because we don't know where bitcoin price will move after this. Hopefully, the price can break $9,300 and stay at that price until the next week, so the next week will be a good time to start a rally to break $9,500.

[okala]

I did not see volatility now but maybe in the future. Bitcoin has been moving in side way since the halving. I do believe that the uncertainty infect of covid19 has made investors not to have interest on the market.

[Reatim]

i am in favor of the current situation when Now traders are profiting in almost daily basis because of volatility things that has gone
for months because of being stable in price.

Now we are seeing that bitcoin price going Up and down in a matter of hours in which favoring many expectant .


about the price?i am welcome even it fells $8k because i can purchase more again.

or It can Grow $10k so i cans ell out and wait for another fall.

[iv4n]

i am in favor of the current situation when Now traders are profiting in almost daily basis because of volatility things that has gone
for months because of being stable in price.

Now we are seeing that bitcoin price going Up and down in a matter of hours in which favoring many expectant .


about the price?i am welcome even it fells $8k because i can purchase more again.

or It can Grow $10k so i cans ell out and wait for another fall.

So basically most of us, at least people from the forum, we are ready for the dip and for the rise, whatever happens we have an answer. If it dips we will buy more and if it rise we have some coins for selling. And that's the best approach, to be ready for every turn that bitcoin can made, and it has just two possible directions up or down.
Volatile times never left, I don't remember we ever had stable price. Its a point of view, but the price we have now is the closest to stability, it has some range between 9k and 9.5k, and we are there for some time.