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

[bearexin]

Well, bitcoin is not stable right now and sometimes altcoins that dropped significantly could increase significantly as well, that just means that they are more volatile and they could drop a lot faster and they could increase a lot faster as well. I do not think that all of them are like that, but I do not think none of them are like that neither, I just think there are some coins that could grow in bitcoin price while also growing in usd price thanks to bitcoin going up.

Obviously you have to be very careful on picking your altcoins because some of them could be like you said, go up in usd price because bitcoin went up but drop in bitcoin price in return and make you profit less than what you could have made if you just stayed with bitcoin instead of picking up that altcoin.

[Reatim]

At this time bitcoin is on stable stage but within some days it will be rising. Hopefully we will be able to see bitcoin on good price very short possible of time as well as altcoin.

Still comfortable with $11K+, there are small dip and continue to rise back. A very good sign that the value is forming a much more strong barrier.

If this will continue who knows how long it will take to break new level, good to see cause even small step up it's bring more interest from newcomers.

New investment will result to more strong support levels, if money start
to flow expect that much higher value will come to follow.

[ethereumhunter]

At this time bitcoin is on stable stage but within some days it will be rising. Hopefully we will be able to see bitcoin on good price very short possible of time as well as altcoin.

Still comfortable with $11K+, there are small dip and continue to rise back. A very good sign that the value is forming a much more strong barrier.

If this will continue who knows how long it will take to break new level, good to see cause even small step up it's bring more interest from newcomers.

New investment will result to more strong support levels, if money start
to flow expect that much higher value will come to follow.

Sooner or later, the price will come back to $12k because now, we are close to that price. I think that $12k will break again this month as we see that the price seems stable at a price now, but if there is bad news comes out, that can make some changes to the price, and we might see another correction again. I think it is enough for the last correction, and I think bitcoin price will be back to surge higher at the end of this week or next week.

[Slow death]

Altcoins seems to be following the trend this time although they were somehow have their own path but due to the longest time staying in the downside they seem to start to follow the trend for a change.

I said in a post I made in the past that maybe this price increase was linked to the ETH 2.0 event and maybe I am right, but for me to be sure it will be necessary that in the next few weeks the price of ETH starts to fall and take the bitcoin and many altcoins. we'll see in the next few weeks if I'm right or wrong

Sooner or later, the price will come back to $12k because now, we are close to that price. I think that $12k will break again this month as we see that the price seems stable at a price now, but if there is bad news comes out, that can make some changes to the price, and we might see another correction again. I think it is enough for the last correction, and I think bitcoin price will be back to surge higher at the end of this week or next week.

it is very difficult to have bad news at this moment that the world is already facing the worst catastrophe in history, what can happen Is the end of the pump

[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.

[carlfebz2]

At this time bitcoin is on stable stage but within some days it will be rising. Hopefully we will be able to see bitcoin on good price very short possible of time as well as altcoin.

Nah, it would either be rising or dropping within some days. It might be stable this week but next week might be different since it has always been that way. Bitcoin never ceases to amaze me with its unpredictable price since I ever laid my eyes on it.

Altcoins seems to be following the trend this time although they were somehow have their own path but due to the longest time staying in the downside they seem to start to follow the trend for a change.

People should really be having this kind of mindset on where they should always anticipate that everything would possibly happen along the way.Never ever anticipate that the price would be steady in rising nor
not able to break supports because bitcoin can really frustrate you down when price goes to opposite way.

When we do mention about alts in green then this is a usual stuff because it is likely to go along with bitcoins price trend.If it goes green then it go the same way, same goes for dumping market
when everything is on red where you can see the same.

For now we are somewhat stabilizing in 11k price range and we wouldnt know if we would able to see 12-13k soon or for this year.

[STT]

Ironic thing is the pandemic was a boost in monetary terms to BTC because of the dilution to dollar in ratio, that helps BTC.   So as that phase is reduced for this moment we should naturally see some consolidation and in perception a pullback.   I think thats quite natural and in a longer term view it can be a positive thing for stability.



Some slight loss of momentum here and we remain in the higher range.   A decent pullback is really to 50 or 30 day kind of averages, still quite high but averages us into July properly.   I think thats a decent test and sign how we'll fair further out.

[reliable]

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.

[rodskee]

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.

[davinchi]

Bitcoin people are optimistic about what bitcoin can do during a pandemic or even just any crash in the economy, that is the reason why I love bitcoin so much and other people do as well, we are quite optimistic about bitcoin no matter what happens in the world. Oh millions of people were infected with a deadly virus and hundreds of thousands of people died?

Well, that is alright we will just break over our year to date price and become the best recovering investment of the year. That is something you will not find everywhere, that is why I think it is quite important to actually focus on what we can achieve instead of focusing on if this is a temporary increase or a permanent one. Since even if price eventually goes down, that still doesn't mean it will not go back up one day, it totally will, if it doesn't break over $12k today, it will do that one day.

[bitgolden]

Bitcoin people are optimistic about what bitcoin can do during a pandemic or even just any crash in the economy, that is the reason why I love bitcoin so much and other people do as well, we are quite optimistic about bitcoin no matter what happens in the world.

People are always making assumptions and I hate that, you couldn't known that, if you could have you would have tens of millions of dollars and wouldn't be here trying to tell people stuff, you would be surfing in hawaii by now. However people love to just make up stuff and tell them some assumptions and just act like they know everything and when they fail they create an excuse why it didn't worked out, well obviously it wouldn't, you didn't consider everything and when it failed your excuse is literally something you should have looked out for. It is just not fair, right now we are basically all sucked into this new "bull" run but the price went up and got stuck as it is tradition with bitcoin, I can't say if we are going to go up or down but it is definitely not going to be easy that is for sure.

[lepbagong]

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 just a matter of time for bitcoin to continue to penetrate $ 12k, because bitcoin has done several times but indeed the momentum to remain stable in the $ 12K range has not yet gained, but soon it will be achieved even over and will continue to reach the point of up to $ 15K.

it takes patience for it to happen well, we are just waiting for the time that has already been seen several times.
be patient and be patient that bitcoin will be able to do that.

[Yamifoud]

The current market events seem to be a positive impact despite of the global economic crisis. People never think about the risk in crypto but they consider this as an opportunity for them to survive and actually they are right. It was observed that it have a negative impact on the market price during the first quarter as the pandemic hits us but people ain't that desperate enough to quite, instead, they are wise to choose to buy crypto.

We are very closed to $12k, and anytime soon we can reach it. Maybe this time we can say that we are stable at $11k but I've been confident that it will never stay that level for so long and we can move forward if the resistance level will keep rising.
I just see it...

[Eugenar]

In my view, bitcoin should stay in this level for some time, between 11k and 13k, for stabilization, then resume the way up.

Somewhat valid. If the market value will be continuously rising, it is more likely to be followed by a huge dump. So maybe, if the increase will be gradual, the chance for a correction to occur will be lessen. But since this is an unpredictable market, no one knows what would happen next. But let us all hope things will be in favor for this market in general. The current market price is quite showing a resistance at the $12k mark and the market price could go crazy upon breaking this mark.

[beerlover]

The price is definitely at around close to $12k right now and that is actually quite good as well because that small drop to around $11.4k levels scared some people off but seeing that the world of crypto is still standing strong and still pushing $12k like it is the great resistance point it is, I feel like it is definitely going to change a lot of things.

Finally correction happened and people are still bullish about it, I feel like it will definitely do something bigger in the near future, hopefully that would be soon but if it is not soon it will be in 2020 for sure, could be late November or early December before we reach above $15k and even $20k levels finally. That is all my prediction via the fact that people didn't allow bitcoin to fall with the correction.

[Mahanton]

The price is definitely at around close to $12k right now and that is actually quite good as well because that small drop to around $11.4k levels scared some people off but seeing that the world of crypto is still standing strong and still pushing $12k like it is the great resistance point it is, I feel like it is definitely going to change a lot of things.

Finally correction happened and people are still bullish about it, I feel like it will definitely do something bigger in the near future, hopefully that would be soon but if it is not soon it will be in 2020 for sure, could be late November or early December before we reach above $15k and even $20k levels finally. That is all my prediction via the fact that people didn't allow bitcoin to fall with the correction.

When it comes to correction talks then i dont really care much of it since you can simply buyback when the time comes and also market would neither push through or would correct itself.
We cant just see for it to continue to rise since it wont really be considered as a healthy market.
For 2020 and if this kind of gradual price movement then we can possibly hit up 20k of this year but still not an assurance and as mentioned or said by others that this will really be a bumpy ride.
Its just good to see that prices are starting to increase and this is where most people been waiting for after all a long time on moving sideways movement.

[SquallLeonhart]

There is really no storm, there is nothing going on, there is just calm and calm and calm without anything in between. I was expecting the same thing as you, I was expecting a calm before the storm and there would be something bigger in the end, like a price fall to $8k or an increase to $15k or something, that would have made sense as well, nobody could say that it would have been unthinkable, it would have been proper and understandable, however that didn't happen.

Now I changed my decision and now I am expecting bitcoin to actually not do anything, I am expecting it to actually stay still and not move too much, that way we would all know that little day traders or leverage traders will make their profits but long term investors would have to be patient once again for any move towards higher levels.

[btc_angela]

The price is definitely at around close to $12k right now and that is actually quite good as well because that small drop to around $11.4k levels scared some people off but seeing that the world of crypto is still standing strong and still pushing $12k like it is the great resistance point it is, I feel like it is definitely going to change a lot of things.

Above $12k, it will be interesting if we can maintain in this level.

Finally correction happened and people are still bullish about it, I feel like it will definitely do something bigger in the near future, hopefully that would be soon but if it is not soon it will be in 2020 for sure, could be late November or early December before we reach above $15k and even $20k levels finally. That is all my prediction via the fact that people didn't allow bitcoin to fall with the correction.

Right, with all the bullish news we have, we can see the price swinging around $15k++ at the end of the year. This is definitely a good year for bitcoin, despite the pandemic around, we have that halving that really push the price in my opinion.

[milewilda]

The price is definitely at around close to $12k right now and that is actually quite good as well because that small drop to around $11.4k levels scared some people off but seeing that the world of crypto is still standing strong and still pushing $12k like it is the great resistance point it is, I feel like it is definitely going to change a lot of things.

Above $12k, it will be interesting if we can maintain in this level.

Finally correction happened and people are still bullish about it, I feel like it will definitely do something bigger in the near future, hopefully that would be soon but if it is not soon it will be in 2020 for sure, could be late November or early December before we reach above $15k and even $20k levels finally. That is all my prediction via the fact that people didn't allow bitcoin to fall with the correction.

Right, with all the bullish news we have, we can see the price swinging around $15k++ at the end of the year. This is definitely a good year for bitcoin, despite the pandemic around, we have that halving that really push the price in my opinion.

Is halving the main reason why we pushed this far in terms of price? We had just break 10k 11k and 12k barrier but this recent resistance is still questionable if it would able to sustain or would really be just
correct itself and playing in 11k levels.Its really good to see that price had able to hold even it isnt still passed 24 hours but it seems it will surely be tanking on above 12k. Next stop? 13k will be the target but
it would really be just too fast if we do break that level in a matter of days. if it does then we would probably seeing 20k usd ath for this year and that would really be a great year for Bitcoin.
We had been moving sideways or somewhat static market for couple of years and this time around is a different one.

[romero121]

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.