Quote from: bluebit25 on January 17, 2020, 04:37:46 PM

Quote from: Rasa nanas on January 16, 2020, 11:51:37 AM

in my opinion this is just an ordinary price increase and has nothing to do with the bull. today I look at the market and it seems that bitcoin has lost its impetus to break through $ 9k, and it is likely that the price of bitcoin will drop again to the initial price of around $ 7k.

Today bitcoin has surpassed $ 9,000, but unfortunately this is a very stiff resistance area and bitcoin cannot sustain at this price, the price quickly went down to $ 8800 again. But I believe the bitcoin price will go up again and break it. There are not too many chances for bitcoin to fall below $ 7000 this year, halving has come very close and certainly in the near future there will be a lot of fomo investors entering this market.

Since then the price has still gone down a little bit more, and we are at a point in which it is not very easy to predict what the price will do, there are still many bearish signals that may point towards a further decrease in the price, but as we know the price of bitcoin is unpredictable and it could easily move up 500 or even 600 dollars in a matter of hours and surpass that limit that the bears are defending at 9000, and if the bulls can do it then most likely a growth to 10000 will be possible.