Re: Now that we touched $8,000, what's next?

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

Some are saying we are getting ready to test the $9,200 resistance. Positive predictions and analysis are overflowing now. We might be conquering $10,000 in the next month or two. Bitcoin is now very bullish. There was a correction after that but it was very quick and now we are once again back at more than $8,000.

I do hope that we are going to get to $9200 after touching $8k again. I thought that the price would go on a down ward spiral after losing that $8k support after a few days ago, but it seems the market remain still and was about to defend that level.

So let's see if we are going to $8500 range now and then $9k in the next week or so.

These are interesting times in Bitcoin price movements. It crosses under and over $7,000 very quickly just as it also crosses under and above $8,000 very quickly. The movements of the price is very erratic as of this time and it is hard to to trading with this pattern. But still the hopes are high that we're hitting $9,000 very soon.

Yeah, I agree, it will be a waiting game, but the good thing is that it was able to maintain the $8'ish level, might be a good sign after all. Erratic or trading sideways, it's hard to make money out of it, Wink

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so I guess the best thing for those who aren't adept to technical analysis is probably stay away and just observed the price movement and hope that $9k will be there in the horizon.