https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.
Good Luck Traders,
The Elysian Team
If many sell that is only healthy. Problem s when no one sells and they just hold since they are afraid price will go up and up and up as it happened a t end of last year, then price gained value fast. way to fast and it went way to high. This smaller price growths are way better and healthier.
Bitcoin has proved it yesterday as the price grown up from 8.9k dollar to 9.1k dollar that hit over 9k dollar and now today if we search the price in search engine tell us the further increased value that is 9.35k dollar which is over 9k dollar so the overall price is increasing and there is a great probability that Bitcoin can lead onto its previous longest jump.
Yes it could, unless it will have a pullback and retrace to some lower level. Price last 3 weeks steadily increase. But it is impossible to expect that that can happen without ending. Longer time price for Bitcoin will gor and stronger it will grow, stronger will be this pullbacks. What happened today was expected and super positive for Bitcoin.
That 9k barrier is a bit of a wall it seems, it did have a bit too much of a price boom after it broke through, looks like it will just have to wait a little longer.
Bitcoin had successfully broke the 9,000$ Mark that served as a resistant wall of its price hike. Eventually, it went a bit higher than that but oday, its price goes down again. So i think bitcoin has not yet fully recovered from the bearish trend.