Bitcoin Lost $9,300, Bearish Re-test In Play?

[cryptoadvocate]

$9,300 has been a critical level on the chart going all the way back to June 2019 and Bitcoin just lost it and put in a bearish re-test. Unless it is regained quickly I'm expecting the range lows to come into play.

Full analysis of Bitcoin price action here: https://www.cryptoadvocate.net/post/btc-eth-technical-analysis-28-06-20

[bgaf]

I dont think we can predict what possible movement the market can bring us. The bitcoin price ranges from 8.8k to 9.3k and keeps on rallying on these particular level. I dont know but whales maybe are too busy annoying the market and not letting it break any resistance at the moment. Better to stick on holding than relying on many predictions about its price.

Fundamentally we are still bullish but its being threatened by massive fuds lately.

[Yaunfitda]

We are green today, but I don't see any FUD though, it's just that traders are cashing it out and waiting how the market will play. We are still above $9k, indication that we are neither bullish or bearish. We are in the boredom phase, Lol, unless there is break out run this July that will make the market very lively, so let's wait and see.

[maydna]

In the long term, we are still a bullish trend, but we are in the bearish trend in a short time. The market is still unpredictable right now because today, we see the price is at $9k, but this hour, the price is back to $9,100. That makes us analyze deeper and try to search for another sign from another indicator. We can also search for other news to find what is happening with the bitcoin price, so we can determine what step we need to do. In these situations, we still need to be careful to decide to trade or not, and if you think that the price will go down for a while, you don't have to try to enter the market, but waiting for a while.

[ultrloa]

$9,300 has been a critical level on the chart going all the way back to June 2019 and Bitcoin just lost it and put in a bearish re-test. Unless it is regained quickly I'm expecting the range lows to come into play.

Full analysis of Bitcoin price action here: https://www.cryptoadvocate.net/post/btc-eth-technical-analysis-28-06-20

So hard to tell if we are playing on critical level since we don't know yet how big the potential of the pump gonna come or if we will slide down since the market is quite unreliable by now maybe it's best for us on not to put away our eyes when trading so that we can still trade with at ease and do some actions when we are on bad trades, Will wait on what will be the forecast for june and hopefully we can see a potential.

[Cherylstar86]

We are green today, but I don't see any FUD though, it's just that traders are cashing it out and waiting how the market will play. We are still above $9k, indication that we are neither bullish or bearish. We are in the boredom phase, Lol, unless there is break out run this July that will make the market very lively, so let's wait and see.

We are nearly approaching the month of July, and this is really an exciting moments that everyone is waiting. Green market signals is almost showing nice tracks but it sounded frustrating when sudden bearish strikes quickly, and pulled down the market instantly. Gladly, $9k was stabilized figure so let's hope and have positive outlook, that we will survive this current struggles.

[batang_bitcoin]

Let's consider the whole year including the rest of the near months as we speak today. Why we keep pointing out the bearish if we just stumbled upon $3600 a few months ago. That's more bearish than looking with the price under $9300.
If it retests itself and can't surpass $9300 or $9200 today or for the next days? it's not a bearish sign. It could be that there's no triggering factor this time and we can't even see what's happening with OTC transactions.

Gladly, $9k was stabilized figure so let's hope and have positive outlook, that we will survive this current struggles.

That's a better outlook and we should appreciate it as long as it remains on this level or else it pumps.

[semobo]

Or this is the final call for everyone to buy cryptos at four digit figures? I hope this will become true.

In reality the movement of bitcoin is not good actually I am also with the feeling of bearish trend will be there for a while.

[Ridwan Fauzi]

Seems like $8800 is strong support right now, at least it has been tested for several times even when the price touch that ranges then we see a pullback. So I think if the price touch below $8800 area we will see a decreasing price in the future and $7800 is possible to be touched, that is the bearish scenario from my prediction. But, if the price up more than $9300 area we can expect $10.500 can be touched again and even it will high more than it. Let's see in a few hours ahead, usually, the closing candle for this month will be closed in a few hours.

[el kaka22]

It will certainly have a brighter future, looking at the price right now, it looks like an impending increase is on the way, which scares me. Last time I thought that bitcoin would go up, it actually went down, and everyone in the whole world was expecting a big increase in the price yet it went down. That time was 15th of November 2018. You know what happened? Bitcoin price was around $6.5k and everyone was expecting a move to $12k, all the indicators, all the charts, all the technical analysis, all the experts everything was pointing towards $12k price and even higher afterwards.

However Craig Wright just decided to sell tens of thousands of bitcoins to buy mining power to make his own coin happen yet he failed but while failing he caused the price of bitcoin to go down to $3.5k as well when nobody expected it.

[serjent05]

I also think that the Bitcoin is still at a bullish market, its that the effect of miners selling large chunk of BTC in the exchange is yet to diminish, We just need to wait a bit until the the Bitcoin demand in the market is replenished and it was said from one of the analysis in tradingview that the current market situation is a good Long entry for $9300 target.  Meaning the market will climb sooner or later.

[STT]

Here is a retest occuring, doesnt have to be bearish as passing the test and rising from here would be short term bullish and a good signal to follow.



See how it reacts to this weekly moving average and staying above is some positive thats possible to buy into.   The 50 day is much more important and thats not too far overhead at about 9400 but first it must pass here.    Price is very uncertain and its quite critical not to lose the positives its gained so far or it'll play into a withdrawal scenario over medium term I think.

[CryptopreneurBrainboss]

I dont think we can predict what possible movement the market can bring us.

Actually we can and some have been fortunate to do that effortlessly on numerous occasions although they might get some prediction wrong. The market recently have been very interesting to watch from my point of view as the uncertainty are just increasing daily. My mindset has be altered and I'm becoming bearish with each price drop the market experiences.

The fud here is highly due to the ongoing economy reset affecting the world. No work, means no source of income Instead of people investing for the future, they're currently consuming their holdings and cashing out to sustain them through this pandemic period.

[LogitechMouse]

The price of Bitcoin this week just went from near the $9,000 to around $9,300.

The price movement of Bitcoin this week is sideways so it is really hard to say if it will retest some lows or it will go high. It has lost the $9300 level but it went back up and now it is at the $9200 level already. I'll just wait for the next price movement of Bitcoin in the next weeks since it is hard to predict what can be the next movement of Bitcoin.

[NavI_027]

We are green today, but I don't see any FUD though, it's just that traders are cashing it out and waiting how the market will play. We are still above $9k, indication that we are neither bullish or bearish. We are in the boredom phase, Lol, unless there is break out run this July that will make the market very lively, so let's wait and see.

Same today, the price is now green but only did a small increase of .61% up to this moment. I am not feeling confident that it will continue but it was a good sign nonetheless . I haven't heard FUDs as well so we are relieved so far, maybe we just let the whales do their part. But I'm believing that it will not exceed below $9k resistance. Besides, today is only the second day of July so let's chill. Let's wait for more couple of days if it brings blessing or bad omen.

[btc_angela]

The price of Bitcoin this week just went from near the $9,000 to around $9,300.

And did went to ~$9k as well, so pretty much trading sideways for the last two to three weeks.

The price movement of Bitcoin this week is sideways so it is really hard to say if it will retest some lows or it will go high. It has lost the $9300 level but it went back up and now it is at the $9200 level already. I'll just wait for the next price movement of Bitcoin in the next weeks since it is hard to predict what can be the next movement of Bitcoin.

I'm not expecting a sudden surge to $9.3k anytime soon. But @$9k, pretty much we are going to be somewhat stable. I'm more on looking at the long term scenario, next 6 months or at least end of the year will be an interesting price, 5 digits is not that far to reach.

[FIFA worldcup]

The price of Bitcoin this week just went from near the $9,000 to around $9,300.

And did went to ~$9k as well, so pretty much trading sideways for the last two to three weeks.

The price movement of Bitcoin this week is sideways so it is really hard to say if it will retest some lows or it will go high. It has lost the $9300 level but it went back up and now it is at the $9200 level already. I'll just wait for the next price movement of Bitcoin in the next weeks since it is hard to predict what can be the next movement of Bitcoin.

I'm not expecting a sudden surge to $9.3k anytime soon. But @$9k, pretty much we are going to be somewhat stable. I'm more on looking at the long term scenario, next 6 months or at least end of the year will be an interesting price, 5 digits is not that far to reach.

Currently 9000$ is acting as a support but if this support is broken then bitcoin may fell to 8600$. Most of the times bears control the market and cause bitcoin to dump again n again. 

[Yaunfitda]

We are green today, but I don't see any FUD though, it's just that traders are cashing it out and waiting how the market will play. We are still above $9k, indication that we are neither bullish or bearish. We are in the boredom phase, Lol, unless there is break out run this July that will make the market very lively, so let's wait and see.

Same today, the price is now green but only did a small increase of .61% up to this moment. I am not feeling confident that it will continue but it was a good sign nonetheless . I haven't heard FUDs as well so we are relieved so far, maybe we just let the whales do their part. But I'm believing that it will not exceed below $9k resistance. Besides, today is only the second day of July so let's chill. Let's wait for more couple of days if it brings blessing or bad omen.

It went as $9100-$9200 range, unfortunately, it succumb to another selling presser, $90xx. And with the unemployment rate in the US climbing and other parts of the globe, it could have affected investors mindset. Of course, as we go along, we might see some good indication that the market could bounce back to $9500-$9600 levels. It's somewhat boring, but who knows, maybe we can see some changes even before the end of this month.

[Raflesia]

It went as $9100-$9200 range, unfortunately, it succumb to another selling presser, $90xx. And with the unemployment rate in the US climbing and other parts of the globe, it could have affected investors mindset. Of course, as we go along, we might see some good indication that the market could bounce back to $9500-$9600 levels. It's somewhat boring, but who knows, maybe we can see some changes even before the end of this month.

I want at the end of this month to move better at least $ 9,500 can be taken on my part is too low for me because sellers are too ambitious about their own patterns so that this can affect what happens in the market too.
This is not boring for me because this is one of the analyzes that we know about the next few days how it goes.

[so98nn]

I dont think we can predict what possible movement the market can bring us. The bitcoin price ranges from 8.8k to 9.3k and keeps on rallying on these particular level. I dont know but whales maybe are too busy annoying the market and not letting it break any resistance at the moment. Better to stick on holding than relying on many predictions about its price.

Fundamentally we are still bullish but its being threatened by massive fuds lately.

On top of this let’s not forget external forces such as pandemic situation has gotten community to dissolve their investment from stocks, bonds, crypto currencies and much more. We know already that economic crisis is creating inflation bubble thus making things stringent when it comes to investment. We can not deny this why bitcoin is not moving upwards yet.

I mean it was Halving year for bitcoin and after halving it hasn’t moved an inch tbh. If we analyse previous halving years then all of them shown some green movement but this year nothing!