Today, Bitcoin (BTC) has returned to $ 8,000, once again challenging skeptics and confirming the end of the bear season. Now that his position has been strengthened, what will happen next?
The vast majority of Twitter crypto-enthusiasts do not hide their joy, demonstrating positive moods.
Many analysts and experts expect this rally to continue, as the mood can be called extremely positive:
"The rest of this year will be characterized by a rapid increase in $ BTC, healthy corrections and periods of lateral price movement …".
#Bitcoin
$ BTC advances, when #altcoins will fly.
Put that nonsense rhetoric around for the capitulation and still not making our bear market lows away. Wrong cycle.
– Satoshi Flipper (@SatoshiFlipper) May 19, 2019
“BTC is tearing up, and some still think that we are not in a bull market !!”
$ Btc and some still think we are not in a bull market !! LMAO pic.twitter.com/5MW5xfVFgW
– Bleeding Crypto (@Bleeding_Crypto) May 19, 2019
“On May 17, Bitcoin fell to $ 6,400, which was caused by an order to sell BTC to 5000 BTC. He led to the mass liquidation of BitMEX.
A quick recovery to $ 8,000 indicates how positive the market is now. ”
Bitcoin dropped to $ 6,400 on May 17 triggered by a 5,000 BTC sell order BitMEX liquidations.
It is a testament of the sentiment around the market is currently.
– Joseph Young (@iamjosephyoung) May 19, 2019
While bullish sentiment is the main driver of pampas, many attribute the increase to $ 8,000 to the infamous CBNC counterindicator, who spoke just in time yesterday …
CNBC's Fast Dummy strikes again. pic.twitter.com/afDfJNkgRS
– The Crypto Monk ⛩ (@thecryptomonk) May 19, 2019
One analyst points to a bullish flag — an indicator of imminent growth — that formed after the BTC (once again) overcame the $ 8,000 mark. about $ 8400.
The expert believes that passing this level will convince us that the correction is over.
The 1h chart with In $ The BTC Formed a bullish flag the after the recent pump to around 8000. the If #Bitcoin is Able to break statement out of the this bullish flag in the next hours of might <br> we see another pump to AT Least resistance near the AT 8416. Passing 8416 could mean that the correction is already over. pic.twitter.com/TEdI9u0xEQ
– Jan Trachsler (@JanTrachslerCap) May 19, 2019
This resistance level was noted by another user, who believes that this will mark the third attempt of BTC to overcome resistance of about $ 8400. If successful, BTC can jump to $ 10,000.
BTC is Changing Gear Towards $ 8,000 & Will Face Resistance Around $ 8,400 – $ 8,500. BTC Will It Be The Third Time Resistance & This Time BTC Will Hopefully Break It & Reach $ 10,000. #btc $ btc #crypto #cryptocoin #bitcoin #CryptocurrencyNews
– CRYPTO WINGS (@ delpieri_10) May 19, 2019
However, well-known trader Josh Reiger sees an obstacle in the form of resistance at $ 8,200, overcoming which can lead to a target of $ 9,600.
$ BTC – 1 Hour Chart
Bitcoin
Price is near $ 8000 1D resistance (might consolidate prior)
A close above $ 8200 on the daily / weekly $ 9600 + pic.twitter.com/8S1qmjR56e
– Josh Rager ? (@Josh_Rager) May 19, 2019
It seems that we are again on the way to the breakdown of the next level, probably even $ 10,000.
Publication date 20/05/2019
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