Bitcoin Stable At $11K – Altcoins In Green: The Calm Before The Strorm?

[Savemore]

The market isn't able to keep up the resistance above $12000. The price right now has fallen low to $12000, and upon this I believe bitcoin to have high stability above $11000. Maybe through this week we can see the price of bitcoin to fluctuate between $11800 - $12500. Altcoins in the top order hasn't pumped high. Every year end there'll good increase in the price of bitcoin. Upon the same there is high chance of reaching $15000 or above.

We do not need to worry on seeing prices unable to hold above $12,000 levels. It must be just another usual correction which do happen following immediately after every sharp spike. So, in my opinion market is not stable at the same time market is still stronger toward $15k which may happen by end of this month as well. Altcoins are this time following bitcoin markets.

I do see only very few altcoins got ability to trade against bitcoin's corrections. Totally this correction will lead to another rally which may get us into a new ATH since May 2019.

The market make a big move yesterday that leads the price of the bitcoin to surpass and break its resistance at $12k, the good thing is the price is now holding above that level with huge volume telling there will be a monstrous move that may happen again. I actually regretted my yesterday's decision because I take profit because I thought that the price will bounce in the resistance. That's okay with me because it is a new knowledge and experience that I can use in order for me to maximize my gains and lessen the losses.

We should expect that there will be a correction that may happen because there is no such a cryptocurrencies that go up like a elevator without retest or the correction. For the bounce players, try to get positions when the price managed to reach the support level.

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[Silberman]

Bulls have tried to make the price to go above 12,000 during the last week and they have failed on their attempts and this can become problematic because as we know bitcoin has a tendency to move down really rapidly and if whales decide that they have obtained enough money out of this movement they can easily crash the price in a matter of hours, however it is my opinion that there is still some strength left in the current movement and that we are bound to eventually break that barrier.

There is a good buying happening again and market which had fallen till 11150$ has started to rebounce and now at 11550$. It was just a temporary phase where some whale might have sold it. SO those who had bought at lower levels would sell again at high to make some profit bookings. Should see again somewhere near 12k price range in coming days.

It's now moving to $11,771. That dip dive makes those weak holders to lose their money,
nature of bitcoin being volatile.
It's a must to understand that if you are not willing to take the risk, the chance of losing
your money is very high.
Good thing here, the barrier is still at $11k, and again it's forming a good support. Maybe it's
another attempt to rise up and break $12k.

The 12,000 resistance level is proving to be very difficult to break, during the days before we saw the price above that but then the bears were able to make the price to make a pullback and now were making another attempt at trying to break that price for good, it is going to be very interesting to see how the price of bitcoin moves during the next days, if the resistance level that we are seeing keeps holding up then we may need a few weeks for the bulls to accumulate enough strength to break that level.

[Lanatsa]

Bulls have tried to make the price to go above 12,000 during the last week and they have failed on their attempts and this can become problematic because as we know bitcoin has a tendency to move down really rapidly and if whales decide that they have obtained enough money out of this movement they can easily crash the price in a matter of hours, however it is my opinion that there is still some strength left in the current movement and that we are bound to eventually break that barrier.

There is a good buying happening again and market which had fallen till 11150$ has started to rebounce and now at 11550$. It was just a temporary phase where some whale might have sold it. SO those who had bought at lower levels would sell again at high to make some profit bookings. Should see again somewhere near 12k price range in coming days.

It's now moving to $11,771. That dip dive makes those weak holders to lose their money,
nature of bitcoin being volatile.
It's a must to understand that if you are not willing to take the risk, the chance of losing
your money is very high.
Good thing here, the barrier is still at $11k, and again it's forming a good support. Maybe it's
another attempt to rise up and break $12k.

The 12,000 resistance level is proving to be very difficult to break, during the days before we saw the price above that but then the bears were able to make the price to make a pullback and now were making another attempt at trying to break that price for good, it is going to be very interesting to see how the price of bitcoin moves during the next days, if the resistance level that we are seeing keeps holding up then we may need a few weeks for the bulls to accumulate enough strength to break that level.

Do we still remember on what our words when the price is still hovering below 5 digit price? We do keep saying that it is really hard to break 10k barrier and we have stagnant for too long.

It wasnt really an easy run yet there would be always a sell-off point.We cant just expect that the price will shoot up on continuous basis and there would be walls along the way.

For now lets just utilize these pullbacks for us to re-enter or buy cheaper and make profits when it do increase its price.

[Natalim]

Some were saying it rose all the way up to $11.450 but not any further than that.

It rose $12,000 already, but it dump again, and now we can clearly say that it's stable at $11,000 as currently bitcoin is trading at $11800.

It does look stable at $11,000 and won't dip below this until the next pump up comes with maybe a tweet from a celebrity or another fork happening.

I don't think that would still create some hype in the market, people are smarter now, they want real progress than a simple hype.

[STT]

Just recovering the 2 day average now after being weak before the weekend.  Overall its just drifting, we probably have to just consider monthly, 50 day and beyond to take action more seriously then repeating a previous range.    It needs to be beyond 11800 here for some time, probably over a day to be threatening anything new to happen.   Failing to achieve this much is something to watch, a lower high could mean we lead into further action downwards its not clearly negative so far.

[Kemarit]

Some were saying it rose all the way up to $11.450 but not any further than that.

It rose $12,000 already, but it dump again, and now we can clearly say that it's stable at $11,000 as currently bitcoin is trading at $11800.

It does look stable at $11,000 and won't dip below this until the next pump up comes with maybe a tweet from a celebrity or another fork happening.

I don't think that would still create some hype in the market, people are smarter now, they want real progress than a simple hype.

Right, a simple tweet won't sway smart investors, maybe some noobs, but for those who knows how to read the market, they are not going to bite on that tweet. On the contrary, it could hurt the market in the long run because we don't want to see bitcoin going on an artificial pump.

The rally is not over yet, but I'm seeing another week for the price to remain in the $11,000 zone before we see another break out.

[justdimin]

Some were saying it rose all the way up to $11.450 but not any further than that.

It rose $12,000 already, but it dump again, and now we can clearly say that it's stable at $11,000 as currently bitcoin is trading at $11800.

That 12 thousand jump basically showed the hands of the traders. It showed that there are people who are willing to buy and make the price go over 12k, however there are people who do not want it to go above 12k or maybe just want it but the price reached to a point where they want to sell it and make a profit.

So, that basically shows what the situation is at around these prices, anything under 11.5k and buyers are stronger, anything above 12k the sellers are stronger, eventually this will change and there will be a lot of people who will basically overcome the other side and we are going to see some sort of situation where price will eventually either go down under 11.5k or go over 12k to make the price a lot different, but that will just take some time.

[naikturun]

The market isn't able to keep up the resistance above $12000. The price right now has fallen low to $12000, and upon this I believe bitcoin to have high stability above $11000. Maybe through this week we can see the price of bitcoin to fluctuate between $11800 - $12500. Altcoins in the top order hasn't pumped high. Every year end there'll good increase in the price of bitcoin. Upon the same there is high chance of reaching $15000 or above.

I agree, this week bitcoin is in the resistance 11000 -11800.
not sure if it will last long, some say it will fall deeper if the market situation does not improve.
but what I see will continue to survive or will go back up to 12000+.