Bitcoin is $10,000

[Oasisman]

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?

SHARE YOUR THOUGHTS HERE!

Just as I predicted yesterday's prediction thread. Never though $10,000 was breached this early.

Judging on the current price movements, If Btc will rise pass $10,000, I doubt there wont be any breakout. Quick sellers and short traders are always on the look. There might be a short pullback but there will be no bulltrap either. Just a short movements.

But as always expected, short pull backs happened.
Btc is trading at $9,960 by the time I'm typing this.
If by any chances Bitcoin touches the $10,000 again twice or thrice, a gradual upward trend will most likely to happen. But, If it doesn't, It would hover around the $9,000 range again. Btc hasn't been showing any bearish indications. So, I still believe Bitcoin reaching new heights will come in a slow pace.

[hatshepsut93]

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.

Short-tern it's a major psychological level, and for a long time Bitcoin failed to maintain it,  so now is a very important time. If we fail to reach and defend it, the price will likely go back to low $9,000 or even lower. But if we succeed, the price might go straight to $12-13k, which was the level of last year's bullish period.

Right now I'm optimistic that we'll have a bullish scenario at least for short term, because the support has been building up for a very long time. Maybe if not for the coronavirus, we'd already be in a more bullish market.

[Juggy777]

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?



SHARE YOUR THOUGHTS HERE!

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.

Short-tern it's a major psychological level, and for a long time Bitcoin failed to maintain it,  so now is a very important time. If we fail to reach and defend it, the price will likely go back to low $9,000 or even lower. But if we succeed, the price might go straight to $12-13k, which was the level of last year's bullish period.

Right now I'm optimistic that we'll have a bullish scenario at least for short term, because the support has been building up for a very long time. Maybe if not for the coronavirus, we'd already be in a more bullish market.

@freedomgo according to the Cointelegraph article this rally has liquidated around $74 million worth of long contracts, and many traders immediately booked profits too due to which the prices came down immediately. Further it seems that the new resistance level for bitcoin prices is around $10k to $10.2k, and unless Bitcoin breaches these levels we shouldn’t get over excited too as these kind of rallies may not last long.

The price of Bitcoin (BTC) rose to as high as $10,272 on July 26 in an unexpected weekend rally. It liquidated $74 million worth of long contracts on BitMEX alone, catching many traders off guard. There appear to be two main reasons behind the abrupt upsurge of Bitcoin from $9,700 to over $10,200. They are the liquidation of over-leveraged shorts and traders taking profit from over-extended alternative cryptocurrencies (altcoins).

Source:

https://cointelegraph.com/news/why-bitcoin-suddenly-spiked-to-10-200-liquidating-75m-in-fast-rally

[Yamifoud]

I'd check the CMC quite sometimes but the price keeps moving up and down, and the sad thing is that it drops again below $10k. I keep believing that we gonna surpass $10k but not this time. I have to wait for a while to see if the momentum will continue to move high.

https://www.forbes.com/sites/billybambrough/2020/07/26/as-bitcoin-flounders-the-price-of-these-smaller-cryptocurrencies-has-suddenly-soared/

And the good thing is that aside from Bitcoin surge some altcoins do the rally the same. And I hope this could lead to something surprising good ends for the incoming.
The price will really matter a lot for investors and for holders. But the current situation will seemingly hold the market to soar high as we would like to see.
That is why, though we some pumps today but it never gives assurance for more pumps to follow. The market price still showing a roller coaster alike movement.

[Ridwan Fauzi]

It has been happened although the price back to decrease again. When I see on 1D time frime we can draw the pattern like BAT bearish pattern which I think sooner its price will go back to below $9500 in my prediction. Unless on this week's candle can exceed $10.400-$10.500 so as we can expect a higher price again. We can see a few hours ahead and hoping there is a good news come. Because I haven't seen a good news come that we can give a bull market come.

[JimboToronto]

$10k? No big deal. Been there off and on all year... February, May, now July.

The real action will begin when we pass $16k, probably not until autumn (northern hemisphere).

I'm surprised how many in this thread refer to CMC. Most seasoned Bitcoiners use a comprehensive multi-market index like Bitcoinaverage (the reference for most ATMs) or if they use a single online exchange, Bitstamp.

Isn't CMC used mostly to track alt- scam- and other sh*tcoins?

[Rana590]

It seems that bitcoin will reach $12k very soon. Now, crypto market is green and bitcoin is leading the market. It is pumping continuously and many more are waiting to arrive. Let's see what happens in next.

[btc78]

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?



SHARE YOUR THOUGHTS HERE!

It has been couple of Hours passed and now the price of Bitcoin drops again below that 10k value.

I have seen this couple of times this year and i know you also had right?
Maybe this is another fake Bull and some whales are bagging money again.
I will only believe the Bull finally comes?
when the value of Bitcoin stays 10k level for weeks and continues to break the $10,500 level.
But lets see since this is sunday,we have seen this changes every weekends and ups again in weekdays.

[Golftech]

It seems that bitcoin will reach $12k very soon. Now, crypto market is green and bitcoin is leading the market.

A good move from bitcoin, leading it's way to continue rising, it's not guarantee but it's still great to see that there's now a movement that will able to start the spark.

It is pumping continuously and many more are waiting to arrive. Let's see what happens in next.

It would be nice if this pumped will continue and reached another new ATH for this year.

[kentrolla]

I felt happy after it reached 10k and hopefully this momentum might continue as altcoins too are showing some positive signs of pumps, just for a small pump many in of them come up with sarcastic statement like bull run is all set to happen in couple of days, please stay away from such people's to avoid loss.

[coolcoinz]

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?

SHARE YOUR THOUGHTS HERE!

Just as I predicted yesterday's prediction thread. Never though $10,000 was breached this early.

Bitcoin likes to do the unexpected but things are really looking like we could be forming a double top at 10k right now, which would suggest a pullback.
I'm not buying norselling at this point. Pretty much a do nothing zone for me, but if I were a trader who bought at 8.9k, I'd be looking to take some profit.

[ScamViruS]

I loved seeing Bitcoin again at 10k. Which I saw again many days later. Although now Bitcoin is slightly below 10k again. I am very optimistic about Bitcoin that Bitcoin can do better in the days ahead.

It seems that bitcoin will reach $12k very soon. Now, crypto market is green and bitcoin is leading the market. It is pumping continuously and many more are waiting to arrive. Let's see what happens in next.

Can go to this level but before that the biggest resistance is $10500. Bitcoin will need to break this resistance, to move further to the target. Bitcoin has failed to break this level many times. If it can break this time, then something big can happen. Let's see what awaits for us.

[gentlemand]

Can go to this level but before that the biggest resistance is $10500.

Anyone waiting until this moment to jump in will probably miss it. I expect it'll be one of those levels that gets eaten in seconds. I seem to recall the $3000 level feeling like it would take forever to fall. I woke up one morning to find it was permanent toast.

[Yaunfitda]

It seems that bitcoin will reach $12k very soon. Now, crypto market is green and bitcoin is leading the market. It is pumping continuously and many more are waiting to arrive. Let's see what happens in next.

Not so fast, there are a lot resistance that we need to go through before we can get to $12k. Right after reaching $10k, it is slowly going down. But it is good to see that we suddenly reach it again after months of no movement, but I wouldn't jump into conclusion that this is the start of a bull run after the block halvening. And for those who just woke up on the other parts of the globe, this is really a thing to behold, but don't get enthusiastic, we will have if this is going to be just short term runs.

[okala]

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?



SHARE YOUR THOUGHTS HERE!

What happen in this week that we are entering will determine either bitcoin has resume it failed upward trend in March to may this year. We have always see heavy sell off whenever bitcoin makes an attempt to break $10,000 and the volume am seeing look very weak.

[STT]

I'm being increasingly challenged in my pessimistic ways but I could still say todays peak is a lower high and we remain in the range of movement same as has occurred for months now.    So yea its up and yet its done nothing different at all so its a bit iffy to be bullish still, a good strong trend and I promise to be entirely irritating by repeating it is on the rails to higher prices.    This aint happened yet, dont care about round numbers, that we got five digits whatever, its all old news sadly.   But still the promise of more is there

[bitgolden]

It is already a bit under $10k, but that doesn't matter, what matters is we were wondering after such a long period of time what would bitcoin to at first, we wanted to see what was the first direction would it be up or down and we have seen it, it went up. So, we are talking about actually potential to have a bull run, not right away or not a 100% in 2 days type of thing, but gradually and slowly we could see bitcoin going up.

I have a much better feeling about rest of 2020 thanks to this increase, maybe this itself didn't bring in too much of a profit but what this increase means could bring a lot of increase. That is why I feel like there is just a change in the air that will blow this bigger, don't know how long it will take but I think it will be in 2020 for sure.

[Wysi]

If the value of Bitcoin remains over $10,000 for more than 2 weeks then we will see further increase as it might attract more investors but at the same time we can expect a dump anytime like we have witnessed in the past. It's too early to comment on this but I am sure it would not be a smart move to get invest now due to FOMO.

[KTChampions]

Despite a small pullback, it seems to me this time bitcoin will gain a foothold above 10k for a while. Gold is showing all-time highs and this affects the minds of crypto investors. However, the prospects for bitcoin to reach its ATH only on these reasons are very doubtful for me.

[Zemomtum]

If BTC can cross the $10,800 hurdle, then we can confirm that another bull run is ahead of us. The surge in price that happen recently is a good sign that the bulls are ready to take charge.