News Bitcoin Price is Already Above $8,100, Traders Eye Retracement -- POLL🔥

Within this week, will Bitcoin price increase or decrease?


  • Total voters
    7
  • Poll closed .
Margo

Margo

Administrator
Staff member
Moderator
Jun 15, 2018
714
54
28
Points
29
#1
The bitcoin price has increased from $6,863 to $8,167, having reached a new 2019 high and recovered to July 2018 levels. While many analysts predict the bitcoin price will increase to $10,000 in the medium term, in the nearest future, traders have predicted a healthy retracement.

bitcoin-price-780x439-jpg.3295

According to Josh Rager, the fear of missing out (FOMO), among other factors served as the stimulus of the recent crypto rally. As FOMO subsides from a strong rally, traders expect bitcoin to experience a pullback.

“The FOMO is real. Bitcoin is currently on a tear & the next target of serious interest is $8,200-plus. High interest remains near $6,400 if BTC decides to cool off & pullback. My dream area to buy would be $5,500 to $5,700 but there’s no promise BTC will hit that low again,” Rager said.

Other traders consider that given the bitcoin price increase from $5,000 to $8,000 within one month, a slight correction would be ideal for both the cryptocurrency and the crypto market.

“Anything in the 6k’s right now is a dream entry. All eyes on $6.8k support. It’s all about consolidating, and establishing a range to leave some room for alts,” another trader said.
 
Last edited:
dr.Gachet

dr.Gachet

Active member
Verified
Jun 18, 2018
100
29
28
Points
400
#2
I'm guessing the price will start to drop today or tomorrow
 
MarcoT

MarcoT

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May 8, 2019
257
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18
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Points
380
#4
Weekly chart
proxy.php?image=https%3A%2F%2Fwww.tradingview.com%2Fx%2F2Yfputu9%2F&hash=ef658215aae123504f3f9d085041af77


In my opionion we bounce on the weekly first support area. If we fall we can drop to 6600-6800 area before another bounce. Changing timeframe on daily chart suggest me this. There's also a bit noise on indicators that suggest to wait a bit to understand well the possible upcoming movement

proxy.php?image=https%3A%2F%2Fwww.tradingview.com%2Fx%2FeGXtfwd4%2F&hash=3e5eaaa5b77c00c0c3c00a37b06a8d88
 
Z

zakikhan

New member
Mar 28, 2019
1
0
1
Points
0
#6
I think BTC come down a few days bit till under 5000 to 5500
 
MarcoT

MarcoT

Member
Verified
May 8, 2019
257
17
18
www.emoneyspace.com
Points
380
#8
Weekly chart
proxy.php?image=https%3A%2F%2Fwww.tradingview.com%2Fx%2F2Yfputu9%2F&hash=ef658215aae123504f3f9d085041af77


In my opionion we bounce on the weekly first support area. If we fall we can drop to 6600-6800 area before another bounce. Changing timeframe on daily chart suggest me this. There's also a bit noise on indicators that suggest to wait a bit to understand well the possible upcoming movement

proxy.php?image=https%3A%2F%2Fwww.tradingview.com%2Fx%2FeGXtfwd4%2F&hash=3e5eaaa5b77c00c0c3c00a37b06a8d88
Weekly chart
proxy.php?image=https%3A%2F%2Fwww.tradingview.com%2Fx%2F2Yfputu9%2F&hash=ef658215aae123504f3f9d085041af77


In my opionion we bounce on the weekly first support area. If we fall we can drop to 6600-6800 area before another bounce. Changing timeframe on daily chart suggest me this. There's also a bit noise on indicators that suggest to wait a bit to understand well the possible upcoming movement

proxy.php?image=https%3A%2F%2Fwww.tradingview.com%2Fx%2FeGXtfwd4%2F&hash=3e5eaaa5b77c00c0c3c00a37b06a8d88
It’s fuckin’ happened
 

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