Bitcoin Holding 9000$ Support

[BTC_Mouse]

Bitcoin is holding 9000$ support very well so far. If Bitcoin hold same support level next 2 days . bitcoin next movement ?

[LogitechMouse]

Bitcoin is holding 9000$ support very well so far. If Bitcoin hold same support level next 2 days . bitcoin next movement ?

Right now, it is hard to predict the next movement of Bitcoin but in the past weeks it is trading between the $9,000-$9800.

For me, if the $9,000 price has been broke out the next support will be the $8500-$8600 and going down below that price will go down to the 200 Daily MA which is at around $8,300. On the other hand, the short resistance is the $9,600 followed by $9,800. . Just my 2 cents .

[Yaunfitda]

Bitcoin is holding 9000$ support very well so far. If Bitcoin hold same support level next 2 days . bitcoin next movement ?

It's obvious, we only have two movement, going up or down, you may want to add a third option, go on sideways until a break out occurs. And for the record, its not just crypto who somewhat hit a big wall and didn't move as expected, even traditional markets such as stocks. And there are school of thoughts here that says there are correlation between the two markets. So if in the next couple of days that stock market moves, I'm sure crypto will follow.

And for speculators, you may want to read this as well, https://www.europeworldnews.com/bitcoin-options-worth-930-million-will-expire-next-friday-is-there-time-to-worry/. As this could have a net effect, positive or negative.

[AGD]

I think it is either going up or down with a slight chance to not move at all. This TA is a 100% legit.

[kryptqnick]

Bitcoin has shown that there's no problem with $9k something, the support is strong. The issue is with moving forward. Sometimes Bitcoin goes up to $10k, but it doesn't stay there for long, and it barely ever goes beyond a bit more that $10k... It seems to me that Bitcoin has been relatively stable between $9k and $10k for a while, and this will continue to be the case unless something particularly bullish or bearing gets in the news. It's been rather calm lately with no big news about the market or anything that could have impact on it, so I think we should not expect any big changes in the near future.

[Ulven]

You can move the topic to the speculation section, as it is the place to discuss technical analysis of cryptocurrencies.
As for Bitcoin's stability between the 9k and 10k levels, I think it will continue for a short period of time, and then we can see the price move to more than 12k.

[Coin_trader]

You can move the topic to the speculation section, as it is the place to discuss technical analysis of cryptocurrencies.
As for Bitcoin's stability between the 9k and 10k levels, I think it will continue for a short period of time, and then we can see the price move to more than 12k.

I agree about moving this thread to speculation section since the discussion is all about price speculation. But the graph is clearly telling that the 9k support will not gonna last longer. It will be break sooner or later. The RSI was still around 40 while the price was near to 9000 already so it means that there is a strong chance that BTC plunge more. This will maybe a short term plunge but still 9000 will be broken.

[masphie]

Bitcoin is holding 9000$ support very well so far. If Bitcoin hold same support level next 2 days . bitcoin next movement ?

yes you right, but ... until this weekend maybe we have to ready if BTC down at $8800.
But, if this not happen .... i think BTC will be up to $9500-$10000

[KrisAlex18]

It's hard to predict the price of the bitcoin for the next day, next week, or even next year. There is no person that can predict the accurate price of the bitcoin, all are only prediction which is not reliable, they just based on their personal opinion, but nothing wrong with that. There are also known or the popular person who is also having some prediction about the price of the bitcoin and there re always many people who are believing on that, that is why they always do investment even the price of the bitcoin is already high because they believe that the prediction of other people is true and it can hit so high.

[CoinFoxs]

It is hard to predict what is going to happen in crypto market in next few days but one can give his opinion. In past few days bitcoin has managed to be traded between $9000-$10000 which has shown that the price bitcoin has remained stable over some time but I think in coming days there will be no significant change but there are some famous analysts who are predicting that the price would definitely increases but its not going to happen in few days.

[coinycoiny]

Eventually bitcoin will be worthless.

But it will go up and down between then and now.

[mk4]

So.. you're saying just because bitcoin is "holding 9000$ support", a "price movement" will then be guaranteed to happen in 2 days? Bitcoin's price could literally stay flat for weeks if it wants to.

Eventually bitcoin will be worthless.

But it will go up and down between then and now.

🤡

[Yatsan]

Bitcoin has shown that there's no problem with $9k something, the support is strong. The issue is with moving forward. Sometimes Bitcoin goes up to $10k, but it doesn't stay there for long, and it barely ever goes beyond a bit more that $10k...

As I monitor the price from the past months, I have noticed that there is a pump whenever another month is coming of the date, but it dumps when it hangs on the last week of a certain month. This is just an assumption of mine. Let's start off from April, on the 1st of April the price is about $6K then the halving occurs so it went it touch $9K in early May and now it Plays to $9.5K to $10K, so maybe just a maybe the next month it will get into $10K? or $11K, the uncertainty becomes more of a variable now.

It seems to me that Bitcoin has been relatively stable between $9k and $10k for a while, and this will continue to be the case unless something particularly bullish or bearing gets in the news. It's been rather calm lately with no big news about the market or anything that could have impact on it, so I think we should not expect any big changes in the near future.

It's more confusing when the price is stable at a certain range, we be anxious where the price move the next moment and it is more bothering to future traders. Let's all just hold and watch it.

[Kong Hey Pakboy]

Its very difficult to predict on what will happen on bitcoin's price due to its volatility that we can't say when will bitcoin will go up or down. But it is good that bitcoin is staying its price to $9,000 because investors will not hesitate to sell their bitcoins, and for them to maintain their long term investment to hold until its price reaches up to $10,000.

[Grodins]

It is difficult to guess how the price will move because we are moving in many resistance levels with some averages, so all possibilities are possible, but I think we will witness more stability in prices.
Bitcoin price follow stock market and new bitcoin market so bitcoin will back to less that 6000 dollar as it happen in March and may go deep than that price because all over the world have economy problems.

[Artemis3]

Current price is proof Bitcoin successfuly rode a world economy crisis just fine. You might not notice but the ever less and less fluctuations make it stronger than ever.

Its funny seeing some people waiting for some sudden movement in either direction not get what they want, and coming with several theories to make their analysis always right, but, whatever.

Bitcoin isn't going anywhere. For me, a net increase into 9k from last year 7.5k, is within my expectancy for a post halving situation.

The less it fluctuates, the less it needs to fluctuate. Simple.

[coolcoinz]

Barely holding if you ask me, although if it corrects I don't see it going lower than 7k. Anything below that is going to be a huge opportunity, just like 5k in March and people know it. 

I think it is either going up or down with a slight chance to not move at all. This TA is a 100% legit.

Love your TA. Pretty sure it's going to go exactly like that. You should set up a paid group and throw them a a bone once a week. Easy money

[Bitcoin_bullish]

Don't expect Bitcoin to repeat the 9-10K pattern for far too long. It is as traders say. Either we break above 10K decisively or someone gets bored and dumps.

I'm bullish and I think we will give it another shot on doing just that. Perhaps 11K will be next stop. Turning resistance of 10K to support means that the new bull run just began.

[Krislaw]

Right now, BTC is at 8,970$, which indicates that it's declining the 9,000 - 10,000 pattern. Being below 9k at the moment and there might be a little dump in the next few days if it doesn't go up to continue it pattern of 9k - 10k.
Very hard to predict this coin's movement.
Please, move topic to price speculation section.

[Slow death]

Bitcoin is holding 9000$ support very well so far.

in this cryptocurrency market you should know two things:

1 - When the price increases a lot, all analysts speak well of bitcoin and make optimistic forecasts, but when the price drops make peximistic forecasts. example:

Bitcoin Risks 20% Drop as Outlook for ‘Stimulus Junkie’ Stocks Sours

2 - in this cryptocurrency market people create high expectations, if the price starts to increase very immediately they create high expectations, but when the price stays stagnant for a long time then you can expect a dump is come

If Bitcoin hold same support level next 2 days . bitcoin next movement ?

if there is no event that causes the price to increase a lot, then wait for dump

[jhonjhon]

I was wrong thinking for Bitcoin it never falls back to below $9k but this is it, we are already at $8.9k( at this post) preev.io.
This is probably is all about the continuous increase of COVID-19 patients which boldly affects the economic status globally and brings into a huge market recession which certainly makes investors and traders keep their money than to invest.

[traderethereum]

The price now don't go anywhere, whether it's going up or down, and maybe the price is tired to move
I think we need to wait until tomorrow, so the price can start to move, and whether if the price is up or down, we need to patient.
But it seems, the price is hard to go up for now because the price itself is not moving, and maybe the price wait for something else.
So while the price does not move, we can take a break for a while, and maybe we can leave the market with making 2 order, which is an order buy and sell at some price, so if the price move, we can hope that we can get something.

[verita1]

Don't expect Bitcoin to repeat the 9-10K pattern for far too long. It is as traders say. Either we break above 10K decisively or someone gets bored and dumps.

I'm bullish and I think we will give it another shot on doing just that. Perhaps 11K will be next stop. Turning resistance of 10K to support means that the new bull run just began.

It is what I was also analyzing. Although I was looking and find out why it'has regressed to 8k? What is very sure that there will be many people buying, the volatility makes taking risk to lose or win. Buy and HOLD Bitcoin and sell when necessary.

[Rengga Jati]

I think that it is quite difficult to predict what will happen to the price next, moreover for the 2 days later. this market is so volatile, Bt sometimes the price of BTC is sideways. I am not a good trader that can analyze the chart of the BTC market graphic. So, I don't know enough about the high level or down that will be faced by this coin.

However, so far, its range is at $9k and I don't want that this coin will be under $9k for a longer time. Better to stay up more than $9k. However,r the price will be also based on how the market will be. So far, in some current days, the BTC gets bearish time although it is not significant enough.

[Yamifoud]

I've found myself comfortable and think that we still lying in the same range today and in the next days. The market won't have that huge support level to make a push and surpassed the next market uplift. However, we can't disclose being volatile and that it can trigger for unexpected trends. Anyway, I believe we are obviously prepared for what it happens next, its either ups or down, people will still remain their trust in crypto but much more glad to see if Bitcoin will have its surge so we can step forward for the next target ($15k).

[MCobian]

I believe bitcoin has a very strong support price at $ 9,000, so I decided to hold bitcoin. Because based on my analysis,
bitcoin will be up in a few days. But if the price of bitcoin drops to $ 8800, I decide to cut-loss. Because if the support
price of $ 9000 can be broken, then the price of bitcoin can dump up to the price of $ 8500.

[Negotiation]

Bitcoin is a strong currency but its price is likely to rise again Now is a good time to hold bitcoin I support bitcoin holding 9000 and believe that bitcoin will pump again even if it goes below 9000. So we have to wait patiently The chances of losing bitcoin investment are very low If we analyze the market properly we will be able to understand the difference in its price The bull run is almost going on in the market.

[mandor]

so far Bitcoin still hold remained above $ 9,000 and we cannot predict the next price movement. but I think the upward trend can still occur and maybe we will soon see an increase in the price of Bitcoin to $ 10,000. even though the potential to drop below $ 9,000 can still happen, but I'm sure it will only last at $ 8,300. indeed the price of Bitcoin maybe cannot be predicted and only time can give the answer.

[Coin_trader]

You can move the topic to the speculation section, as it is the place to discuss technical analysis of cryptocurrencies.
As for Bitcoin's stability between the 9k and 10k levels, I think it will continue for a short period of time, and then we can see the price move to more than 12k.

I agree about moving this thread to speculation section since the discussion is all about price speculation. But the graph is clearly telling that the 9k support will not gonna last longer. It will be break sooner or later. The RSI was still around 40 while the price was near to 9000 already so it means that there is a strong chance that BTC plunge more. This will maybe a short term plunge but still 9000 will be broken.

Quoting my post yesterday when BTC was sitting around 9200. It really plunged down below 9000 level and I believe this will continue unless BTC closed strong above 9000 today or else bears was in control in the current trend. I hate that my prediction was right because I don't BTC to fall price since my assets will be affected too.

Anyway. I hope that this thread will be closed soon since there's already about this speculation and BTC really broke price support 9000 yesterday by closing daily candle stick below that price support.

[Dewi89]

Bitcoin is difficult to predict even if it experiences the same thing as the analysis that has passed, the movement of bitcoin will go in the same or opposite direction so that no community can be sure of the actual direction of bitcoin movement.

[crzy]

Bitcoin is holding 9000$ support very well so far. If Bitcoin hold same support level next 2 days . bitcoin next movement ?

It looks like the bitcoin support level was on a $8900 level, and fortunately we are able to go back to $9k level but we can’t tell how long we will stay on this level. Bitcoin is on a sideways, I don’t see any big up trend not until we break the wall on $10k this coming 3rd quarter of 2020, let’s just keep updated and be ready for whatever trend bitcoin will take this year.

[celot]

Agree with your prediction with bitcoin support on $9000 but I hope bitcoin could break to higher price and stable on the price always, long time moment we are waiting for bitcoin back to higher level again after crash last 2018 with lower price, more than three years bitcoin keep going down and never stable above $15k like happen three years ago.

[Raflesia]

Bitcoin volatility is still very good but only support is not strong enough to move forward so that bitcoin will not break in the near future this may take several more months to recover past the price of $ 10,000. Economic problems are also still being affected because some people are still depositing some money in the form so that this investment will be a little hampering in crypto with several other reasons.
But this support will not be too basic in its analysis bitcoin is still quite strong in its resistance.

[Oasisman]

Bitcoin is holding 9000$ support very well so far. If Bitcoin hold same support level next 2 days . bitcoin next movement ?

False pump from idiots that wasted their stimulus checks is over,
look down$ young man, look down$.

 

Pretty sure those checks won't go to waste If these people who you called idiots will continue to hold till the next bull season. Nevertheless, this are just a normal volatile movements of the price.
However, the current price movement from the last 3 days seems to be going in a gradual downward movement, and this might disappoint some of those who uses their stimulus checks. But then again, If these people has a long term investment perspective, nothing's going to waste.

[pooya87]

I was wrong thinking for Bitcoin it never falls back to below $9k but this is it, we are already at $8.9k( at this post) preev.io.
This is probably is all about the continuous increase of COVID-19 patients which boldly affects the economic status globally and brings into a huge market recession which certainly makes investors and traders keep their money than to invest.

considering the unjustifiable negative sentiment that has been going on these recent days and how price jumped back up above $9k for the second time in 2 days i'd say this support level has been holding pretty nicely so far.
i doubt it has anything to do with COVID-19, the drama is still ongoing but the world has been slowly creeping back to normal again. with the volumes being high i'd say the investors still have a lot of money to invest they are just undecided and scared for now since the rally has not yet begun.

[hugeblack]

The near-term outlook looks bearish due to the difficulty in the price recovering above the $ 9700 level, as the price has closed for the previous four days in the negative area.
Both 20-day SMA ($9,420) & the 50-day SMA ($,9,760) are above the price level.
Fibonacci 23.6% (psychological level) between  $9,000 and $8,700 Also, yesterday's panic did not cause a rebound to $8,700.

I expect the price to be in this region <Daily SMA50 (9422.93) and Daily SMA200 (8308.76)>

[South Park]

Bitcoin is holding 9000$ support very well so far. If Bitcoin hold same support level next 2 days . bitcoin next movement ?

Most likely the market will keep moving sideways for some time, right now it does not seem as if the market will take any direction, it is true that bitcoin is holding itself above 9k but that is it, the price is also trapped below the 10k resistance level and it does not seem like there is a lot of enthusiasm for bitcoin right now as the full effects of the pandemic are still to be seen, so watch the market for any sudden movement but most likely the current conditions will keep going at least for a few more weeks.

[Febo]

Bitcoin is holding 9000$ support very well so far. If Bitcoin hold same support level next 2 days . bitcoin next movement ?

Most likely the market will keep moving sideways for some time, right now it does not seem as if the market will take any direction, it is true that bitcoin is holding itself above 9k but that is it, the price is also trapped below the 10k resistance level and it does not seem like there is a lot of enthusiasm for bitcoin right now as the full effects of the pandemic are still to be seen, so watch the market for any sudden movement but most likely the current conditions will keep going at least for a few more weeks.

July and August are usually very slow months since people dont trade but take break and go on vacations. This year could be different because people were off work earlier because of covid-19. We will see, if all will go as it did in past we will see no big movements before autumn.

[monineklutak]

Bitcoin is holding 9000$ support very well so far. If Bitcoin hold same support level next 2 days . bitcoin next movement ?

The support at $ 8800 has survived, and now $ 9,000 has become support again because the price of Bitcoin has risen to $ 9100 again, we'll see if it will return to support or break resistance

[judaspriest]

Bitcoin is holding 9000$ support very well so far. If Bitcoin hold same support level next 2 days . bitcoin next movement ?

$ 9,000 is indeed support, but there is far more important support, at $ 8800, if it is broken then $ 8500 awaits us

[Mahanton]

Bitcoin is holding 9000$ support very well so far. If Bitcoin hold same support level next 2 days . bitcoin next movement ?

Asking regarding on what would be the next movement? No one knows and it has been like this ever since. Support is indeed on 9000 and we are holding pretty well.
Lets hope that there would be no breakouts in upcoming hours or days yet we are only 100 bucks far away into that support and gradually tanking down.
Just like as mentioned if this one would be broke out then next will be on 8600 and if it gets lower then it would be on 8300 and if that thing do happen
then be ready to fill up your stash with cheap coins.

[STT]

Its crawled back above the 2 day moving average once again, could be this is not the time to fail any larger support.    Still in a range though I do think it looks increasingly negative over greater then this near term but it can always buck that impression and form a new trend once again, my guess is still down after this positivity runs out.



Too early to call, just have it hold 9080 for now and it could do well from there on out through the week.