Now BTC Price will drop or up?

[Yamifoud]

I see no difference since last week, Bitcoin price still stabilizes at $9.2k to $9.8k. And I think there is no big change in this quarter but not sure how it behaves early 4th quarter as most of this time there is a market surge. As I look into the chart, it can be of a drop after these few pumps just like it happens in previous pumps but I'd never think for a big drop, it will still be lying into the range as I mentioned above.

Anyway, the market will remain like this until this pandemic won't be flattened. People are still skeptical about putting their money for investment and this could affect the support level that we wanted to be.

[1715481348]

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[Lasky366]

it is very difficult to predict in the current situation, the price of bitcoin is still stable,
it may go down at $ 9,000 then go back up to $ 9500, let's see

well thanks for your excellent predictions. its already touched 9500 level. so next we could see retest around 9800 level. if that not break it might pull back in previous zone.

let's see if this happen or not

[Lasky366]

 
BTC/USD Technical Analysis

Over the past week, the BTC Price has been stabilizing between 9.5K-9K. If it breaks 9.5K then it can retest 9.8K-10K. Both 9.2K and 8.5K are the Important Level.9.2K, BTC will be dumped at 8.5K if that break. 8.5K is the key level which can take correction to BTC 7.6K - 6.2K if broken

BTC today mixture of bearish and than bullish, as per our prediction price   first touched 9565 ( already happened as BTC touched 9577) than move up than again chance to come down near 9450... thereafter  touch 9850 & pulled back again...


here just a small brief we have given..play safe and smart...

[Kelvinid]

The fact that the Bitcoin price trend can't be predicted that is why we saw this kind of results (ups and downs). Even though we have a less chance to surpass $10k this month but at least we saw the market seems so good and healthy despite the pandemic we face. To see the global economic system isn't already recovered, then we can expect that the market to behave the same as what we experience in the previous days. This thing holds the market to spike for another ATH and that we only hope for the halving to take effect and see the positive results on it.

[7788bitcoin]

~
BTC today mixture of bearish and than bullish, as per our prediction price   first touched 9565 ( already happened as BTC touched 9577) than move up than again chance to come down near 9450... thereafter  touch 9850 & pulled back again...

When you look at all these graphs you need to take into consideration about the derivative market as there is a huge options trade of over $930 million will expire this week and it will have an huge impact on the market and we might even see the market breaking the resistance but it all depends upon how the stock market will perform in the coming weeks, if there is a major sell off in the stock market it will have an impact in the cryptocurrency market too.

[cryptoangel]

The current market is good in BTC, so many investors are concentrate bitcoin investment and current market is gradually growing in last 3 days so those are plans to short term and day trading surely bitcoin is the best platform in trading. I hope no one invest the total money in Bitcoin so better hold some money in stable coin and altcoins.

[el kaka22]

Looking at the price right now it is above $9.4k levels like mentioned in the OP and that would mean bitcoin would go up. Right now, we have managed to move from $9.3k levels to 9.6k levels and that is very important for our future. Today is Tuesday and we have a lot more days left to finish the week, by Sunday if we are still above $9.5k I can almost guarantee that price will go up and that is why I just hope that we can hold off a big sale that might come.

If no sale comes and the price manages to stay above $9.5k for the rest of the week, by Monday we are going to see something special. I say above $10k is pretty possible but I can see that $12k is not far away neither, a big increase could see us going above $12k. However we would need to stay there for a while which is difficult to make sure we don't fall back, otherwise we might just go back down to $9k pretty quickly as well.

[hahay]

Today's market is getting a good improvement and I think it will continue until the next day or it will probably touch 10k again in the near future because at least, prices will continue to move in the same range as possible until the end of the second quarter, but if this movement can be consistent it is very possible when entering the third quarter the market will be able to maintain its value above 10k.

[exstasie]

The stock market futures went live and started to dump and so did BTC. Then an hour later it started to pump and so did Bitcoin.

everything should be to scale, you can't compare different classes with each other. a pencil being 20 cm is considered long, a human being 10 cm is not "long" (tall) because it is in a different scale.
bitcoin moving 0.5% to 2% is considered stable. stock market moving 2% can be considered volatile.

Correlation is defined primarily by direction, not magnitude. The point is both markets are moving in the same direction. If stocks crash again like they did in March, I would expect BTC to crash even harder. Same direction, bigger magnitude.

Until the markets begin diverging, I am not even primarily focused on TA on BTC anymore since it follows the stock market so closely.

[crwth]

Personally, I would like to see a price going up to $10500 Just because of the recent movements. I saw the latest news about PayPal wanting and boosting the image of bitcoin, saying that it could go around $12,000. Maybe it could provide a boost in people's interest to get Cryptos or something knowing the reputation of PayPal is well known to many people around the world.

https://cointelegraph.com/news/paypal-bitcoin-rumor-boosts-12k-btc-price-rally-chances

[Lasky366]

Personally, I would like to see a price going up to $10500 Just because of the recent movements. I saw the latest news about PayPal wanting and boosting the image of bitcoin, saying that it could go around $12,000. Maybe it could provide a boost in people's interest to get Cryptos or something knowing the reputation of PayPal is well known to many people around the world.

https://cointelegraph.com/news/paypal-bitcoin-rumor-boosts-12k-btc-price-rally-chances

I think good point you made!
12k usd bitcoin  we can expect after knowing that paypal accepting bitcoin.
But if you look at the bitcoin dominance it looks like indicating another ALT coins season.Because bitcoin still spinning around 9k-10k.So we  could see an ALT Coin rally very very soon.

Let's see...

[Zackgeno96]

it is very difficult to predict in the current situation, the price of bitcoin is still stable,
it may go down at $ 9,000 then go back up to $ 9500, let's see

well thanks for your excellent predictions. its already touched 9500 level. so next we could see retest around 9800 level. if that not break it might pull back in previous zone.

let's see if this happen or not

This level is actually pretty important in deciding the fate of bitcoin price as a small dump will lead to a bigger dump now as it will confirm that a bearish market is started but a small pump will take the price higher and will again test for a bearish market, so I am watching the price carefully here without taking any risks in trading at the current moment. Although if you are trading then you should use stop losses right now for precautions against a trend reversal.

[lepbagong]

the current position of bitcoin is that it has been seen for several weeks that there has been no significant movement.
bitcoin is in the position of $ 9K and continues to move up or down around that price. it is possible that it will fall because it is estimated that from the end of the year bitcoin starts to slowly rise and continue moving until next year. where bitcoin will repeat the events of 2017 and may be greater than 2017 predictions.

[ancafe]

the current position of bitcoin is that it has been seen for several weeks that there has been no significant movement.
bitcoin is in the position of $ 9K and continues to move up or down around that price. it is possible that it will fall because it is estimated that from the end of the year bitcoin starts to slowly rise and continue moving until next year. where bitcoin will repeat the events of 2017 and may be greater than 2017 predictions.

I hope that the next bitcoin price increase will be like in 2017. However, bitcoin price movements are currently declining, and there is no certainty that the price will pump like 2017. However, halving at the moment does not seem like the same as 2017 ago, but I expect the highest price.

[carlisle1]

 
BTC/USD Technical Analysis

Over the past week, the BTC Price has been stabilizing between 9.5K-9K. If it breaks 9.5K then it can retest 9.8K-10K. Both 9.2K and 8.5K are the Important Level.9.2K, BTC will be dumped at 8.5K if that break. 8.5K is the key level which can take correction to BTC 7.6K - 6.2K if broken

It looks like there is no clear if we will finally break $10k again or will continue to fall now.Yesterday we almost Hit $9,700 but now
 it fell down to $9,100 again and seems to be falling below 9k finally.

i hate this to happen because i have been waiting all this year to hit 5 digits and stays on that level but nothing
 happens closer.

the current position of bitcoin is that it has been seen for several weeks that there has been no significant movement.
bitcoin is in the position of $ 9K and continues to move up or down around that price. it is possible that it will fall because it is estimated that from the end of the year bitcoin starts to slowly rise and continue moving until next year. where bitcoin will repeat the events of 2017 and may be greater than 2017 predictions.

actually it is 2016 Halving but turns the effect in 2017 when the bullrun really shows his Power and bring us all the profit
 we have been waiting for.

But this halving is affected of the pandemic and the whole world suffer so if there is a delay then expect this to happen.

[maydna]

It looks like there is no clear if we will finally break $10k again or will continue to fall now.Yesterday we almost Hit $9,700 but now
 it fell down to $9,100 again and seems to be falling below 9k finally.

i hate this to happen because i have been waiting all this year to hit 5 digits and stays on that level but nothing
 happens closer.

It will happen soon, be more patient to wait for that. Finally, we see what is happens in the bitcoin market. The price now is down to $9,100, and the down of the price this time is deeper than before. I guess that makes some traders become panic to save their money in bitcoin. If we check on the market, the price still has a red candle, and the price still hard to recover to the green area or higher rate. Maybe this weekend, the bitcoin price will adjust to the new price, and in the next week, the bitcoin price will start a rally to the higher rate.

Besides that, a few days later, we will see a new month which can bring new hope to us, and I am sure that what we are waiting for will happen soon. We need to prepare the bitcoin by buying bitcoin at a lower price.

[TheGreatPython]

Also, if you are waiting for that 10k do not forget that price going down actually helps it go higher in the end as well. I know this confuses people a lot usually because how could bitcoin price going down means that it will go a lot higher but that is just how the market works. When the price goes down that means people will sell at the current price but there will be a lot more bitcoins bought at lower ends, which means accumulation and that creates a lot more people who wants to see bitcoin go up.

When they buy a lot more to accumulate and get a future profit that causes the price to go up, when the price goes up there are people who fall for the FOMO and the hype so they buy more as well. All of this causes the price to go higher than right now, all because there was cheap bitcoins to be bought by some people after the drop.

[Cherylstar86]

Also, if you are waiting for that 10k do not forget that price going down actually helps it go higher in the end as well. I know this confuses people a lot usually because how could bitcoin price going down means that it will go a lot higher but that is just how the market works. When the price goes down that means people will sell at the current price but there will be a lot more bitcoins bought at lower ends, which means accumulation and that creates a lot more people who wants to see bitcoin go up.

When they buy a lot more to accumulate and get a future profit that causes the price to go up, when the price goes up there are people who fall for the FOMO and the hype so they buy more as well. All of this causes the price to go higher than right now, all because there was cheap bitcoins to be bought by some people after the drop.

Many factors will affect bitcoin price to climb up higher, but meanwhile FOMO and hype can be possible if whales take the drive of this current market behavior. Regular traders has no control with this recent changes, it creates more panic rather than increasing demand. People's mindset is more of actual market graphical trend analysis and not from predictions.

[pooya87]

The stock market futures went live and started to dump and so did BTC. Then an hour later it started to pump and so did Bitcoin.

everything should be to scale, you can't compare different classes with each other. a pencil being 20 cm is considered long, a human being 10 cm is not "long" (tall) because it is in a different scale.
bitcoin moving 0.5% to 2% is considered stable. stock market moving 2% can be considered volatile.

Correlation is defined primarily by direction, not magnitude. The point is both markets are moving in the same direction.

the magnitude actually defines the direction too specially in case of bitcoin versus other gigantic markets.
for example if bitcoin price goes up 1% only an idiot calls that a surge but the same magnitude in stock market or other big markets is indeed referred to as a "surge" (as it is being referred to as such in eg. DOW). so we can't say bitcoin surged alongside stock market when both market go up 1% or conversely call it dumped when both go down 1%.
and that is what happened over the past couple of days which OP refers to in that initial quote.

[rodskee]

Many factors will affect bitcoin price to climb up higher, but meanwhile FOMO and hype can be possible if whales take the drive of this current market behavior.

Reality indeed, FOMO and hypes still in the hands of big bag holders, those large investors who creates movement
according to how they wanted the market will turned.

Regular traders has no control with this recent changes, it creates more panic rather than increasing demand.

Small time traders only hoping for short term benefits, easily be move by circumstances if they seen danger with
the position that they've take.

People's mindset is more of actual market graphical trend analysis and not from predictions.

True, in an actual situation where traders are being influenced to how they will close their position and not by any
predictions around.