What will happen next if the resistance breaks?

[romero121]

As usual we might as well see some ups and downs if it's going to touch the $11k just like how it did last month. On the other hand, Trump's tweet seems like a little connected to the market so, this is just one of the factors that could affect the price of Bitcoin. Corona virus is just a given reason if someone wants to make a move to the market although it didn't actually make any effect on the market but with the influencers getting COVID is just a downer.

Looks like the weekend is being really kind so far. Trump's comments dropped a few hundred dollars off the BTC price but the Square/Jack Dorsey news and comments seemed to have not only recovered that but pushed BTC way up above 11k right now. Think people are hoping we see 13k by end of month for a serious Christmas price;)

Every time the price will be dragged forward based on the speculation with Christmas Eve, and there'll be rise in the price. This happens as a result of most people selling their holdings to spend on the vacation. This time the US election and the Christmas is so close between months. Possibly a better outcome from the election result will cause a positive growth, and the same continues with the Christmas year end price move. A positive statement about bitcoin from the winning candidate once after the result will be big blessing for the year 2020.

[rodskee]

Hello to all friends
Rsi has a negative divergence in 4H timeframe, and considering that it could not break the resistance of 10620, I think we will have a correction to the range of 10300, but if 10620 is broken, the next position is 10750, which is a strong resistance range.
This is my analysis.

And the next analysis:

Due to the negative conditions and news these days, Bitcoin has maintained itself and has not fallen seriously and has even grown a bit.

This does not mean that bitcoin is stable, the whales are patient and vigilant, now is the time when bitcoin will make a relatively good ascent to 11500 and after this ascent we will have a drop to channel 9 ka and after that I will serve you What is the situation, do not forget that when the news of the Corona virus came, bitcoin did not fall at once and behaved like now, but in the end, March became an exemplary fall.

Not true because Bitcoin got stable in $10,000-11,000 for the whole month of september and even this month of october so this means we are only waiting to break the $12,500-13,000 before we see the Bull that we all desiring for.

Bitcoin has passed the resistance of 10,000 and now we are witnessing a new resistance in the range of 11,000.
It can be said that the market impact on Bitcoin has been good.
We also have to wait for the elections.
Elections will play an important role in Bitcoin.

But we have not did the resistance of 12k for the whole year,for how many times that bitcoin seats at 12,000 but stays only for a day or over and then fell again below.

[shoreno]

Trump's tweet seems like a little connected to the market so, this is just one of the factors that could affect the price of Bitcoin. Corona virus is just a given reason if someone wants to make a move to the market although it didn't actually make any effect on the market but with the influencers getting COVID is just a downer.

Trump's comments dropped a few hundred dollars off the BTC price

thats what they say but theres really a connection ? if i compare that to the covid ill say that covid has a little impact on the price  of btc but trump speech has zero . resistance already breaks and what happens ? well the price are now higher than before and the price stayed on this another high level  .

 it gives a sign that ill will increase for more  . this is exciting and this was like history are now repeating . if im correct that history repeats , the price can go up till 18k or more  .

[LogitechMouse]

Trump's tweet seems like a little connected to the market so, this is just one of the factors that could affect the price of Bitcoin. Corona virus is just a given reason if someone wants to make a move to the market although it didn't actually make any effect on the market but with the influencers getting COVID is just a downer.

Trump's comments dropped a few hundred dollars off the BTC price

thats what they say but theres really a connection ? if i compare that to the covid ill say that covid has a little impact on the price  of btc but trump speech has zero . resistance already breaks and what happens ? well the price are now higher than before and the price stayed on this another high level  .

 it gives a sign that ill will increase for more  . this is exciting and this was like history are now repeating . if im correct that history repeats , the price can go up till 18k or more  .

Anything that Trump can say may affect the Stock Market of the US and the price of the Stock Market and the price of crypto and correlated with each other so what Trump is saying doesn't have any direct impact on crypto but on Stock Market.

The price now of Bitcoin went down a few dollars because of the article regarding OKex Founder being held in the custody. LINK
What I want to see is Bitcoin moving at around $11,000-$12,000 within the next few days or weeks so we can see it going higher in the next weeks. I'm not that bullish though since there are no catalysts as of this moment that will make the price go up.

[carlisle1]

Anything that Trump can say may affect the Stock Market of the US and the price of the Stock Market and the price of crypto and correlated with each other so what Trump is saying doesn't have any direct impact on crypto but on Stock Market.

but the impact in stock market usually bounced to crypto as well,but things will end up sooner while Trump is not going to win this election,because it seems that Biden is on the rush now.

The price now of Bitcoin went down a few dollars because of the article regarding OKex Founder being held in the custody. LINK
What I want to see is Bitcoin moving at around $11,000-$12,000 within the next few days or weeks so we can see it going higher in the next weeks. I'm not that bullish though since there are no catalysts as of this moment that will make the price go up.

12k is just near and always being reached the problem is breaking that 12k to hit 13k for the first time again since the dump of 2018 happens.

[daarul50]

It is 11500 us dollar move swinging between 11200 to 11700 , the new resistance must bet at 12000 us dollar and even though we break it , i still think we are still bearish to go down bacl to 10000 is dollar to swing back between 10900 and 10000 us dollar.
At least we have to wait until the cpvid19 vaccine announced to be ready to distributed.
We only need to survive for this tough period, the market still struggle recovering . Negative trends will continue IMHO

[Reatim]

we have already break the $11,400 recently means are we waiting now for the next resistance?
i know we are not yet in bullish days but at least we are strong hold at these positions.

It is 11500 us dollar move swinging between 11200 to 11700 , the new resistance must bet at 12000 us dollar and even though we break it , i still think we are still bearish to go down bacl to 10000 is dollar to swing back between 10900 and 10000 us dollar.
At least we have to wait until the cpvid19 vaccine announced to be ready to distributed.
We only need to survive for this tough period, the market still struggle recovering . Negative trends will continue IMHO

i don't think that there will be another correction at 10,000$ level because what we have resisted that part for the whole week now and signs of falling is not to be found.

Though there are still lots of things to happen as the pandemic is still there and the US election is near to come,things that must be considered as market shaking .

[SquallLeonhart]

Anything that Trump can say may affect the Stock Market of the US and the price of the Stock Market and the price of crypto and correlated with each other so what Trump is saying doesn't have any direct impact on crypto but on Stock Market.

but the impact in stock market usually bounced to crypto as well,but things will end up sooner while Trump is not going to win this election,because it seems that Biden is on the rush now.

Biden is definitely looking like even more and more favored to win, normally I would say never count Trump out but people have been milking this 2016 fear for a long long time now yet we are nowhere near the same level as those days. 2016 was an election when nobody really knew Trump that well, plus the progressive side of democrats (aka the bernie fans) didn't even wanted to vote because of how DNC treated Bernie as well, so at that time Trump didn't had all these horrible things going for him.

This election however, people already saw what Trump is capable of and everyone, from progressive to centrist to even some republicans all are working and the voting is incredibly high, polls are record breaking high in difference, I assume Biden could potentially have the highest electoral votes in the past 30-40 years.

[KTChampions]

we have already break the $11,400 recently means are we waiting now for the next resistance?
i know we are not yet in bullish days but at least we are strong hold at these positions.
~

What resistance level do you think will be next? Everyone has different opinions, someone talks about 12,600, someone about other levels up to 15,000. And what is your reasoning based on? Are you using technical analysis or fundamental?

[kentrolla]

The resistance level break has the chance of a downward movement than the forward push. There is minor fluctuations in the market volume at specific time interval. Right now there is big variation in the market of altcoins, almost every altcoin have declined on its value. As of now every move happening with bitcoin seems to be associated with the election campaigning happening activities of USA.

I never consider these small fluctuations as drop because it's common in crypto market and we have experienced these issue in several occasions, and yes lookalike the election results of US will play a vital role in this last quarter. Because there are possibilities of a pump after this election as the economy will boom for couple of days after the results. Some interesting things are suppose to happen let's wait and see.

[posi]

we have already break the $11,400 recently means are we waiting now for the next resistance?
i know we are not yet in bullish days but at least we are strong hold at these positions.
~

What resistance level do you think will be next? Everyone has different opinions, someone talks about 12,600, someone about other levels up to 15,000. And what is your reasoning based on? Are you using technical analysis or fundamental?

There is some market price momentum that cant be proof by any price indicators but only through historical data which is what I believe was used to presume the next phase of resistance which the market will experience but I expect the next resistance level to be arou d $12500 and later dump below when it Dec 19 - next year January.

[daarul50]

we have already break the $11,400 recently means are we waiting now for the next resistance?
i know we are not yet in bullish days but at least we are strong hold at these positions.

It is 11500 us dollar move swinging between 11200 to 11700 , the new resistance must bet at 12000 us dollar and even though we break it , i still think we are still bearish to go down bacl to 10000 is dollar to swing back between 10900 and 10000 us dollar.
At least we have to wait until the cpvid19 vaccine announced to be ready to distributed.
We only need to survive for this tough period, the market still struggle recovering . Negative trends will continue IMHO

i don't think that there will be another correction at 10,000$ level because what we have resisted that part for the whole week now and signs of falling is not to be found.

Though there are still lots of things to happen as the pandemic is still there and the US election is near to come,things that must be considered as market shaking .

You never know in this pandemic era as long as there is no vaccine to be found or any other solution to this virus , people will consider the market still uncertain.
Better to play safe than have to go allin in big risk during this time.
With this uncertain situation and the market can be stuck again at 12000 us dollar people will tired and especially the big company who managing millions dollar in bitcoin , their movement are the most watched now like grayscale.
I still think a bearish much stronger until the end of the year at least even it is bull trend now.

[KTChampions]

we have already break the $11,400 recently means are we waiting now for the next resistance?
i know we are not yet in bullish days but at least we are strong hold at these positions.
~

What resistance level do you think will be next? Everyone has different opinions, someone talks about 12,600, someone about other levels up to 15,000. And what is your reasoning based on? Are you using technical analysis or fundamental?

There is some market price momentum that cant be proof by any price indicators but only through historical data which is what I believe was used to presume the next phase of resistance which the market will experience but I expect the next resistance level to be arou d $12500 and later dump below when it Dec 19 - next year January.

Only a few days have passed and I have to repeat my question: what is the next level of resistance?  We can consider the level of 12,500 to be confidently passed, right? And by the way, if you expect a dump (in the form of a correction or more global?) then to what levels?

[posi]

we have already break the $11,400 recently means are we waiting now for the next resistance?
i know we are not yet in bullish days but at least we are strong hold at these positions.
~

What resistance level do you think will be next? Everyone has different opinions, someone talks about 12,600, someone about other levels up to 15,000. And what is your reasoning based on? Are you using technical analysis or fundamental?

There is some market price momentum that cant be proof by any price indicators but only through historical data which is what I believe was used to presume the next phase of resistance which the market will experience but I expect the next resistance level to be arou d $12500 and later dump below when it Dec 19 - next year January.

Only a few days have passed and I have to repeat my question: what is the next level of resistance?  We can consider the level of 12,500 to be confidently passed, right? And by the way, if you expect a dump (in the form of a correction or more global?) then to what levels?

I expect the dump to happen in form of market correction and since have surpass the resistance level i honestly dont know when the correction will happen because the Paypal cryptocurrency integration hype have totally change the market trend and the uptrend may happen more than expected. However, the correction will still happen during December till January next year.

[LUCKMCFLY]

Whenever I see the RSI, it is to do short-term trading, that is, scalping, although it seems like a very dangerous trading, I do little, the resistance that is placed at $ 11.5k for me is subjective, for the mere fact that Whales are not aware of these indicators, they plan their movements up to months in advance, of course, when a fundamental such as Covid-19 occurs, they evaluate the level of panic in the market and withdraw or delay their movements.

[3meek]

I see resistance in the area of 14K... If we are able to overcome it, then the following resistance is possible in the region of 16K, then 17K... Next stop on ATH!  And then only open space!

This scenario looks extremely optimistic for me!

[stomachgrowls]

I see resistance in the area of 14K... If we are able to overcome it, then the following resistance is possible in the region of 16K, then 17K... Next stop on ATH!  And then only open space!

This scenario looks extremely optimistic for me!

We arent there yet since we havent able to break that 13k barrier. Speaking of technicals then there are indeed some on point levels but majority do follow with that $1000 mark which is normal
that we do longing for 13k 14k onwards ...

When it comes to resistance then i dont see that we would able to break 13k soon.We might see an another sideways movement on this current price and might be stagnant for a while but at least
we are almost in 13k range which is a really a good sight to see after all the years we've been staying in 10-11k level.

What if the next resistance breaks? For sure we would be heading up on another one. Time will tell and we shouldnt rush things up.

[KTChampions]

Only a few days have passed and I have to repeat my question: what is the next level of resistance?  We can consider the level of 12,500 to be confidently passed, right? And by the way, if you expect a dump (in the form of a correction or more global?) then to what levels?

I expect the dump to happen in form of market correction and since have surpass the resistance level i honestly dont know when the correction will happen because the Paypal cryptocurrency integration hype have totally change the market trend and the uptrend may happen more than expected. However, the correction will still happen during December till January next year.

In fact, I also did not expect the current rise, earlier, before the big fall, I left Bitcoin at 12300, but I thought that the fall would be deeper, so I did not buy back at very favorable levels. Now it looks like I'll have to wait until the end of the year to get those good prices 

[Viscore]

Whenever I see the RSI, it is to do short-term trading, that is, scalping, although it seems like a very dangerous trading, I do little, the resistance that is placed at $ 11.5k for me is subjective, for the mere fact that Whales are not aware of these indicators, they plan their movements up to months in advance, of course, when a fundamental such as Covid-19 occurs, they evaluate the level of panic in the market and withdraw or delay their movements.

I don't think that whales are not aware of the situation because most likely they are the ones that give a huge influence in the trend.

From $10k+, move up to $12k, I feel the bullish come near to us (hopefully). But the fact that the market remains volatile, we still acted cautious in every trade we do. We don't need to be FOMO, we don't need to do panic selling because of a dump worries will happen next, lets wait for awhile to stabilize and help it to move high.

[dimonstration]

I see resistance in the area of 14K... If we are able to overcome it, then the following resistance is possible in the region of 16K, then 17K... Next stop on ATH!   And then only open space!

This scenario looks extremely optimistic for me!

If it will continue to break another resistance then it can be a good sign for another ATH, but its still to early to be excited there is still need more news that can influence the price to reach more heights, we will know after election whether it will continue. Is PayPal news and upcoming Presidential elections will make more breakthrough in BTC and can push to another resistance. Or whales will take this time to buy more or sale when another resistance reach, we should keep monitoring.