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Author Topic: Bitcoin is $10,000  (Read 676 times)
freedomgo (OP)
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July 26, 2020, 10:18:54 AM
 #1

Hey guys, bitcoin has breached the $10,000 price mark, what's next for this?

Is is another failure or are we already in the bull run?



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July 26, 2020, 10:24:55 AM
 #2

I checked CMC and it's $9,961.74, but still that is almost $10k already. Obviously, the next barrier will be $10,300 first and then we will see how it goes. I'm not sure what brought this mini-bullrun in the last 24 hours and I do hope that this is not just manipulation but sustainable in the long run. So I'm not sure if this is the start of a bull run post halving.

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July 26, 2020, 10:41:34 AM
 #3

I checked CMC and it's $9,961.74, but still that is almost $10k already. Obviously, the next barrier will be $10,300 first and then we will see how it goes. I'm not sure what brought this mini-bullrun in the last 24 hours and I do hope that this is not just manipulation but sustainable in the long run. So I'm not sure if this is the start of a bull run post halving.

CMC is not updated, it's already over $10K in these two exchanges.

https://www.binance.com/en/trade/BTC_USDT?ref=H31B921U - 24 hours high 10,111.00 usd

https://www.huobi.com/en-us/exchange/btc_usdt?invite_code=5kij5 - 24 hours high 10150.15 usd


It looks like there's a FOMO, but if we are in the bull run already, I think I will not conclude yet, I will observe the market first, if bitcoin will reach at least $11k, then I guess I'll be convinced that the bull run is here.

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July 26, 2020, 10:44:11 AM
 #4

10,000 doesn't really mean much. It has crossed it countless times during this big nothing phase. 10.5 ish is the big one and has been for a long, long time. That could happen tomorrow or it may take the rest of the year.
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July 26, 2020, 10:47:13 AM
 #5

Saw it on CMC in $9,971 but it didn't go through $10,000.

Semi-bull run I guess. We're from $9k and to say that we're on the bull run, it should be more than that just like last year when bitcoin has moved above $13k.

I want to see it stay there and be the support level.  Tongue

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freedomgo (OP)
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July 26, 2020, 10:47:49 AM
 #6

10,000 doesn't really mean much. It has crossed it countless times during this big nothing phase. 10.5 ish is the big one and has been for a long, long time. That could happen tomorrow or it may take the rest of the year.

It's another test, if we break the resistance, then we might see some big FOMO coming in.
I think I've witnessed 2 times already that bitcoin fail to continue rising when it reached $10,000, instead, it dump when it failed to break the resistance.

so this could be the time, hopefully.

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July 26, 2020, 10:55:42 AM
 #7

Is is another failure or are we already in the bull run?

it is hard to say because $10k wasn't reached in an excited way where price jumps hundreds of dollars in matter of half an hour for instance which is either failing right away or continues with the FOMO so you can tell right away.
this was a slow rise that took a couple of days (of rising) to reach. so it won't just fail like that but also the momentum is a slow one so we have to still wait and see where it goes from there after some time. it still looks promising though.

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July 26, 2020, 10:56:53 AM
 #8

it's just heading to in moment it's less
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July 26, 2020, 10:58:05 AM
 #9

It looks like there's a FOMO, but if we are in the bull run already, I think I will not conclude yet, I will observe the market first, if bitcoin will reach at least $11k, then I guess I'll be convinced that the bull run is here.
The price jumped 4.4% today and it is a big jump in some time, there is a lot of selling pressure over $10k and the exchange i am trading touched $10100 and we had a lot of sell off and if we are able to see some have a good support and a good buy wall then we will be able to overcome the resistance we have for months and once we cross the resistance then we will see a rally, it all depends upon what happens in the next few hours.
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July 26, 2020, 11:09:01 AM
 #10

As of today, the price is at $9,931.57 USD on Coinmarketcap, it might breach the $10,000 USD and suddenly came back down to this price mark, Well I don't really feel that it may go beyond this but I think it is setting up momentum in getting really higher.

I guess there are whales that are playing with the price well this is just my opinion because I can't think of anything else at the moment on what may be the reason the price increase this sudden.
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July 26, 2020, 11:11:45 AM
 #11

There was a wave preparing to come from two days when bitcoin price started to jump to $9.5k - $9.6k then to the 5 digits finally!
And of course the rest of altcoins joined the wave too except maybe ETH which jumped higher than the others in %.
The essential part is to keep that level!

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July 26, 2020, 11:19:49 AM
 #12

As of today, the price is at $9,931.57 USD on Coinmarketcap, it might breach the $10,000 USD and suddenly came back down to this price mark, Well I don't really feel that it may go beyond this but I think it is setting up momentum in getting really higher.

I guess there are whales that are playing with the price well this is just my opinion because I can't think of anything else at the moment on what may be the reason the price increase this sudden.
On other exchanges it has hit $10,000 already. I'm also checking the price on CMC but it hasn't shown $10,000. It has been near to $10,000 but didn't break and for a few minutes it went a little lower back to $9925 and back again to $9975. I don't think that this is another failure, we must consider every single rise for bitcoin as an accomplishment and very healthy to the market as it went down in the past. I'll wait for the news again on the mainstream as they're always on the go when bitcoin is like this.




 

 

 

 

 

 


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July 26, 2020, 11:23:06 AM
 #13

10,000 doesn't really mean much. It has crossed it countless times during this big nothing phase. 10.5 ish is the big one and has been for a long, long time. That could happen tomorrow or it may take the rest of the year.

Yep. There's no denying this move looks bullish, but we're still squarely inside the range. Not to mention, it's the weekend and CME futures are going to gap up from the $9,600s tomorrow. It would be typical to see that gap filled before the real breakout happens.

Once bulls break and hold above $10.5K, we can start celebrating.

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July 26, 2020, 11:25:04 AM
 #14

I never thought the price would really came for this far since it really shows a strong stability for the past couple of days or shall me say a month already but this is a huge break out and might we can see more from it. Although the current price for now is at 9,955.95 as of this moment provably another pump will came since might the other people are been hype for the current market status.

R


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July 26, 2020, 11:26:03 AM
 #15

The price of bitcoin is correlated with the market price of TH/s, which need to do mining bitcoin.
But mining-difficulty is too high now, as the network-hashrate.
But, just remember, that 17M BTC was been mined on low difficulty, from 2009 up to 2017 years.
All this bitcoins (volume is more than 80%), really, did not cost even $1k,
and the equilibirium price for BTC all this time was been lower than $1k.

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July 26, 2020, 11:42:43 AM
 #16

10,000 doesn't really mean much. It has crossed it countless times during this big nothing phase. 10.5 ish is the big one and has been for a long, long time. That could happen tomorrow or it may take the rest of the year.

It's another test, if we break the resistance, then we might see some big FOMO coming in.
I think I've witnessed 2 times already that bitcoin fail to continue rising when it reached $10,000, instead, it dump when it failed to break the resistance.

so this could be the time, hopefully.

I can't remember what is our highest high during the pandemic and pre-halving, it is $10,300 or $10,800? Anyways, if we go to $10k, this is obviously another FOMO, it just surprising that the start of this comes from Altcoin market, specially Ethereum who just broken $300 and still continue to grow because of the ETH 2.0 and the Defi hype.

Currently the price is just ~$10k, so I'm not sure if this is going to be sustained as FOMO will go down after breaking the five digits again. I'm sure those short positions get REKT though crashing the bearish sentiments we have seen for weeks now.
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July 26, 2020, 11:49:08 AM
 #17

I never thought the price would really came for this far since it really shows a strong stability for the past couple of days or shall me say a month already but this is a huge break out and might we can see more from it. Although the current price for now is at 9,955.95 as of this moment provably another pump will came since might the other people are been hype for the current market status.

A breakout run that we all have been waiting for. Again, we heard so many investors complaining about the stability and how boring it was so it's really good to see the price breaching $10K.

But don't celebrate, this is just the beginning, we don't know how long this pump can go as there could be traders who will simply sell once the price got to 5 digits. Wait till we go to a certain levels like $10,500 before calling this one a bull run.

R


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July 26, 2020, 11:51:59 AM
 #18

It looks like there's a FOMO, but if we are in the bull run already, I think I will not conclude yet, I will observe the market first, if bitcoin will reach at least $11k, then I guess I'll be convinced that the bull run is here.
The price jumped 4.4% today and it is a big jump in some time, there is a lot of selling pressure over $10k and the exchange i am trading touched $10100 and we had a lot of sell off and if we are able to see some have a good support and a good buy wall then we will be able to overcome the resistance we have for months and once we cross the resistance then we will see a rally, it all depends upon what happens in the next few hours.

That's very crucial, we have to monitor the price closely in order to make the right decision.

However, not everyone here are trading in short term, or know how the read the graph, most of us here are just hoping bitcoin will start its bull run so we will see the price of our expectation which is a new ATH. Some people think that since the bull run happened, it should also result to a good altcoins market, and literally that's the same like the last bull run.

What's happening now might caught the attention of potential investors, once we break the resistance, we might see more money coming into the market, big money from big investors as they are looking for a healthy investment since stocks are down.

Febo
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July 26, 2020, 12:01:38 PM
 #19

Hey guys, bitcoin has breached the $10,000 price mark, what's next for this?
Is is another failure or are we already in the bull run?



Sooner or latter one of those "Bitcoin will never go back under $1000 again" come true. Every day that pass higher are chances for that. Maybe chances are already very very very high.  
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July 26, 2020, 12:04:57 PM
 #20

After passing halving a few months ago and at the end bitcoin reached the bullrun this month by touching 10,000 I'm sure this will continue as the pumping occurs, the market is so stable and growth is so fast.
This is the best breakthrough where pumping occurs with altcoin too. Does this ignore the pandemic during this bad economy? like bitcoin is so accepted in today's society.
a lot of profit that has happened with the pumping that happened from yesterday.

R


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