BTC Keeping it's limitaion Between 9--10K

[Yamifoud]

I don't know that is in the limitation but have to say that we are not yet getting far from that range for almost 3 months. It looks like we are stable now since the virus affects the global economy and given the insight that the price will stick at this price until the end of this quarter. But it never gives some kind of disappointment as $9k-$10k price range is still good. I'm not sure how the Christmas season brought a change in the market flows but probably we can see some huge pumps on it as the demand will move. Things that are mostly happening during that time.

[Review Master]

As of this time, bitcoin's already reject from the $9.5k resistance and trading in $9.2k zone. So, it's sure that we are in a stable mode and altmarkets are seems to be in bull mode becasue it's been 3 months since bitcoin's stable between 9k-10k usd dollar zone and alts are doing good performance. Also i won't wonder if bitcoin dump into $8.5k because bitcoin needs a correction of 15-30% from the events of halving and $8.5k price is one of that zone where we can see bitcoin for the correction. After that ,we might see the bull market of Bitcoin, IMO. So, let's hope for the best .

[el kaka22]

I'm not sure how the Christmas season brought a change in the market flows but probably we can see some huge pumps on it as the demand will move. Things that are mostly happening during that time.

Even almost half of the year left for Christmas and New Year times, like most others I am as well eagerly waiting for that as there are plenty of chances for bulls to be in full swing action. We are all expecting bullish mode right away that is the reason we are unable to enjoy the current stable prices of bitcoin. It is very rare that bitcoin to be trading within some range and due to slow economy conditions of worldwide, probably we are having relatively stable prices for bitcoins.

Also i won't wonder if bitcoin dump into $8.5k because bitcoin needs a correction of 15-30% from the events of halving and $8.5k price is one of that zone where we can see bitcoin for the correction. After that ,we might see the bull market of Bitcoin, IMO.

I remember after halving, bitcoin has tested $8.5k levels more than once, right? I agree we must need a bull back to march forward and these types of corrections are usually following fibonacci replacements; not sure your 15-30% of corrections falls within that, still I guess we have passed the times of corrections and now it is time for getting launched to $11k zone.

[maydna]

As of this time, bitcoin's already reject from the $9.5k resistance and trading in $9.2k zone. So, it's sure that we are in a stable mode and altmarkets are seems to be in bull mode becasue it's been 3 months since bitcoin's stable between 9k-10k usd dollar zone and alts are doing good performance. Also i won't wonder if bitcoin dump into $8.5k because bitcoin needs a correction of 15-30% from the events of halving and $8.5k price is one of that zone where we can see bitcoin for the correction. After that ,we might see the bull market of Bitcoin, IMO. So, let's hope for the best .

It seems bitcoin needs more time to break $9,500, but we already saw that bitcoin price could break $9,400 before, so the chance to increase so high will still wide open. The price still at the range of $9,100-$9,400. From the last month, the price is up and down to that range. But we might see something at this Q3 or Q4, and hopefully, the price will be able to break $9,500, so it can have more chances to go to $10k.

But bitcoin will have the chance to go down, and we don't know how deep bitcoin prices will go down. I don't expect to see bitcoin price go down too far below $9k, but if that happens, I hope that is just because a flash dump so the price will be back to up to $9k.

[Reatim]

Last time BTC is rejected from  trendline and dumped up to almost 9200.Now it is trying to break the trend line for the second time.Now if the daily candle closes on 9370 then the trend will break and 50 MA will also have a chance to breakout.
So now there is an opportunity to test 9700-9900. But if it fail to do that, there may be an chance to instant dump at 8900-9000.

Let see how this goes...

Sorry but that momentum ended yesterday and now another struggle to even go back to 9,300,it is been very tough for Bitcoin trying its best but did not given a chance to make it to 10,000 again.

I hope and pray that at least before this 3rd quarter end we will face the Bull we have been waiting for long.

[matchi2011]

I have more expectation at that time because as you say if bitcoin break the trendline then we will see bitcoin price going up to $9700 but it was just a trap and I lost my money at that time. I forgot to wait for the next candle (confirmation) and I just entry when the candle broke the trendline. Seeing some information in several media stock market is falling as well due to coronavirus again and I just think that it will take a long time for bitcoin price goes to $10.000 again.

Even if corona virus still didn't exist, Bitcoin doesn't perform that much since 2019. Though everyone expected that it would reach up to $20k last year and for the first month of 2020 but if failed due to start of pandemic. We should accept this fact that the entire year has no great impact on businesses, much more with cryptocurrency's economic growth.

The start month of this year showed a great sign but because of this pandemic the uptrend movements stop good thing that it's still
holding a good barrier, not being dumped and still holding it's position, we might not see another new ATH this year, even halving
can't push the value to jumped high, but for those optimistic speculators buy and hold still a good move.

[slaman29]

It seems bitcoin needs more time to break $9,500, but we already saw that bitcoin price could break $9,400 before, so the chance to increase so high will still wide open. The price still at the range of $9,100-$9,400. From the last month, the price is up and down to that range. But we might see something at this Q3 or Q4, and hopefully, the price will be able to break $9,500, so it can have more chances to go to $10k.

But bitcoin will have the chance to go down, and we don't know how deep bitcoin prices will go down. I don't expect to see bitcoin price go down too far below $9k, but if that happens, I hope that is just because a flash dump so the price will be back to up to $9k.

It's all going to be a blip in the big picture when something huge eventually does happen. Oh and it will, today, tomorrow, next month, next year. Problem is not whether or not we'll experience a huge market shift, the problem is will we be prepared when it happens? I'm prepared for both in a way. If it crashes, great, I earn more btc.

[minairia3]

Indicators like what OP showed will also help but we can't fully rely on this. Every one of us can draw and flatten the previous chart in Bitcoin price and share our prediction. Usually, I'm particularly considered through the news and event that might have an impact to the price.

Traders reliance depend on technical analysis, yeah maybe its not accurate but if you did some trading using these indicator, you dont need to check every day news or hype, cause even though its not accurate, it can give you a sense of direction or possible market movement.

Fundamentals are also great indicator but its not everyday there is a bitcoin pizza day that will help to speculate its price. While TA has MA, RSI, also if your good on fibonacci sequences, price movement is not hard to predict where to go. Im not an expert but it helps me on doing future tradings. For long term, maybe this is ideal, but Ive played with my funds too so its more important for me.

[Lasky366]

$BTC Daily Update

📌 Gonna be interesting soon.. Remind that on Daily we went under the Pivot Point and now it's time for either a reversal of the trend if we break out of an Ascending Channel to downward. Or return back on track (for this breakout of descending channel to upward & breakout of the pivot point are required)

[glowing10]

From lats couple of months this has being in the range bound as it has gone twice above 10k but had fallen from those levels and also had fallen below 9k during this period but had managed to bounce back form that and now at around 9250$ range. So for now it seems that it is being the 9-10k one. Some positive move will result towards the much awaited 10k price.

[Untomabur]

if it's true that Bitcoin will be in the area of $ 9000 - $ 10000,
I think it's safe to enter in altcoin, I hope that Bitcoin will not dump  

[maydna]

~snip~

It's all going to be a blip in the big picture when something huge eventually does happen. Oh and it will, today, tomorrow, next month, next year. Problem is not whether or not we'll experience a huge market shift, the problem is will we be prepared when it happens? I'm prepared for both in a way. If it crashes, great, I earn more btc.

I am sure we will be ready for that, and I believe that many people now still preparing themselves for that moment. Hopefully, there will be a good sign for the next week, so bitcoin price can be back to increase to the high price. Bitcoin price still not moving so high or low since yesterday, and it tends to stable at the $9,200 level price. The other case is the price will still move up and down to that level price until the end of this month, but the price will start the rally in the next month.

[Review Master]

if it's true that Bitcoin will be in the area of $ 9000 - $ 10000,
I think it's safe to enter in altcoin, I hope that Bitcoin will not dump  

Already some alts give traders huge profit beacause btc is performing the sidemoving pattern and alts are ready to show some green signs. But, it's also important that we need to do careful about the alts because all alts will be in red if bitcoin suddenly make huge pump/dump. Also it's good for those future/leverage traders who are playing with bitcoin's sidemoving pattern and increasing their portfolios.

<---snip-->

But bitcoin will have the chance to go down, and we don't know how deep bitcoin prices will go down. I don't expect to see bitcoin price go down too far below $9k, but if that happens, I hope that is just because a flash dump so the price will be back to up to $9k.

Yeah, that's also possible and this thing already happen in this year when Bitmex leverage liquidity machine unable to perform and btc suddenly dump to $3.8k and again back to pump which might be the bottom of BTC, IMO.

[kentrolla]

I have more expectation at that time because as you say if bitcoin break the trendline then we will see bitcoin price going up to $9700 but it was just a trap and I lost my money at that time. I forgot to wait for the next candle (confirmation) and I just entry when the candle broke the trendline. Seeing some information in several media stock market is falling as well due to coronavirus again and I just think that it will take a long time for bitcoin price goes to $10.000 again.

I would say BTC is performing good even in tough times like this, the market is looking stable from few months and you can't expect a short-term profit in real quick time.

Don't believe in marketing hype or media and invest in crypto because it's purely a long-term asset, just hodl and wait for your turn things will get better in couple of days.

[bitbunnny]

It's hard to say that this is the limitation but Bitcoin keeps this price range more than 3 months.
Even when the 10000$ barrier was broken it didn't last for long. Many expected strong price rise afzer the halving but that didn't happen either.
To my opinion pricr range between 9000$ and 10000$ will continue to hold for longer period of time, maybe even all the way to the.end of the year so I don't expect to see some bigger changes.

[coolcoinz]

I would say BTC is performing good even in tough times like this, the market is looking stable from few months and you can't expect a short-term profit in real quick time.

Don't believe in marketing hype or media and invest in crypto because it's purely a long-term asset, just hodl and wait for your turn things will get better in couple of days.

Extremely well if we take millions of dollars in Bitcoin mined every single day. Some people must be buying every single day to keep Bitcoin above $9k.While for an average asset a stable price is easy to acievie it's not like that with Bitcoin that is constantly mined by people who paid a lot of money for equipment that was supposed to bring them big money right after the halving. Unfortunately despite reduced rewards we don't see any big pumps in price. I'm actually amazed that we were able to reach 14k a year before halving and can't even stay at 10k now.  

[bitgolden]

It's hard to say that this is the limitation but Bitcoin keeps this price range more than 3 months.
Even when the 10000$ barrier was broken it didn't last for long. Many expected strong price rise afzer the halving but that didn't happen either.
To my opinion pricr range between 9000$ and 10000$ will continue to hold for longer period of time, maybe even all the way to the.end of the year so I don't expect to see some bigger changes.

Yes, it is very strange to see bitcoin to be trading within same price zone for 3 months. This simply depicts how worse the current economy slow down has hit into all the markets. I guess we are lucky that we have enough investors to keep bitcoin prices to be trading somehow stable compared to how stocks are struggling in most countries. So, this limitation among the current scenarios must be too good compared to falling markets in 2018.

I just wonder what would have happened if pandemic happened by 2018 when bitcoin markets was already into falling conditions after 2017's unimaginable rally? I guess most people might have rushed to book profits before anyone else which might have driven prices to below $1k as well. Again we must feel lucky because we have pandemic and slow economy by the year of halving .

[Desscount]

it seems like lately the price of Bitcoin will look attractive, I really still see and monitor the price of Bitcoin,
and still go to Altcoin, because if seen Altcoin has a high chance for more profit

[beerlover]

There are times when bitcoin is stable and doesn't move too much, people think that bitcoin is a volatile currency but in reality whenever there is a price movement that is usually not a price movement that is constant and for a long period.

Normally bitcoin stays around the same price for a looooooong time then it moves like 50% higher and 50% lower and so forth in order to change, for example if we take the current price, it could stay $9k for like 3 months, then go to $4k and then to $12k and back to $9k in just 2 weeks, and stay at $9k for couple more months. This is why I keep trying to say people that the volatile nature of bitcoin is not constant and always, it is something that happens time to time and we should be waiting for that time, not expect it to move all the time.

[pixie85]

it seems like lately the price of Bitcoin will look attractive, I really still see and monitor the price of Bitcoin,
and still go to Altcoin, because if seen Altcoin has a high chance for more profit

And also a higher chance for a much bigger loss since the market cap for most coins is so low and it takes only a few thousand dollars to move the price.

With altcoins you're not only betting on Bitcoin going up but also on the given altcoin remaining popular long enough for Bitcoin to pump and take it along for the ride.

BTC will break 10 thousand eventually but are you all altcoin investors ready to wait holding those alts until it happens and will your alts still exist when that happens is what you should think about.