We have been at around $8000 for two days already with minimal fluctuations. We have flatlined at that number.
The price of $8000 seems to be a huge barrier for Bitcoin.
What is going on? Should we expect Bitcoin to go above 8K and land on the Moon, or is there going to be a very serious and devastating dip down to $4000?
Discuss.
I don't think there is a high wall at the price of $8k, even yesterday the price had exceeded $8,000. but it fell again due to market play. I have no doubt believing that in the near term prices will definitely break $8000, I'm very confident about the current price movements. of course there will be a decrease several times, but it fall won't be too deep, maybe just a few percent, price wont down to $4000 again.
The price is making a good rally again and could touch $8k soon. I agree that we can go and breach $8k soon. We will re-test it and see if we can sustain because the last attempt was a failure that's why the price currently goes down that fast. So hopeful when we breach it again, the price will still move north and test $8.2-$8.4.
We cant afford to fail this retest this retest this time, because if we fail to sustain this momentum, we might be heading back to a major crash, which will make dump price of $5800 possible, but if we can continue with the rally, retest $8000 and further break the barrier of $8000, then this might be the last time we will ever see $7k trend till further notice.
I wish it was really possible for some of us to sustain this, but unfortunately, the battle is between the BULLs and the BEARs, I just hope that the BULL will continue to grow stronger for us to be able to reach a new ATH in this new bull market.