Quote from: Lanatsa on July 31, 2019, 10:06:30 PM

Quote from: Kemarit on July 31, 2019, 09:08:21 PM

Quote from: exstasie on July 31, 2019, 08:22:31 PM

Quote from: Whaleagent on July 31, 2019, 08:11:19 PM

Bitcoin just broke above $10k but bears are applying some heavy pressure. Will the bulls be able to hold this significant level?

Tough to say. On one hand, I think we are nearing a bullish reversal on higher time frames (daily, weekly). On the other hand, the short term price action still looks weak, just sideways grinding without a high volume bottom. I'd like to see a daily close above the July 27th high ($10,235 Bitstamp) before getting my hopes up. This downtrend since $13,200 has been full of fakeouts, so I'm trying to avoid jumping the gun.

Correct, it's hard to say if bulls are going to hold with this mini-pump because it is too weak. Trading volume/24 hours is not within the framework of a bullish trend and we have been trading in a sideway patterns for the last couple of weeks. So I wouldn't be surprised if speculators are going to take profit at $10k which means that the price wouldn't hold that long before another sub 5 digits can be seen again. So let's see how it goes at we're nearing the end of the week.

One of my valid indications for me to short out when it did hit 10k mark.Moving sideways with having no much volume on such event.
We cant really see more uprising momentum.We would still move side ways or would tank this level yet 10300 is the resistance.I don't know if
we can able to break it up but I doubt we would stay here for a while,no one knows.

You able to take the profit when it did hit the $10,000 mark? Because as soon at we hit $10,030-$10060 the price slowly moves down sub 5 digit again.

Quote from: CryptoBry on August 01, 2019, 09:17:46 AM

I am hoping that it can say above the $10,000 level but for a market situation like this where the bears seem to be gaining the upper hand there is a big tendency that days from now eventually a dip can happen or the Bitcoin going down below the comfortable $10K zone. Well, that can anyway be a good opportunity to buy some more.

I wouldn't say the bears is gaining the upper hands, it's just we don't have the momentum needed to push it above the comfortable zone. That's why is another thread, I said that we are back with so much volatility and that is what we are seeing right now. Of course, this is another great opportunity, but are investors willing to buy more when the price seems to be trading sideways?