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Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

I have a thought about this. That a breakdown below $30 000 will still take place. This is necessary in order to fold the last long-players, catching a large portion of liquidations and stop-losses. After that, the price will reverse and go to test the powerful resistance at $40 800, marking a trend reversal.

Looks like you were right. We've broke 30k support. I though that it is not necessary because everyone is already scared to the limit but looks like we needed final capitulation. Yesterday decent pump +10% back to 32k in the most crucial moment - at the bottom line of falling wedge that I was talking in my first post in this thread:

I think that bounce back, during market capitulation, was too strong to simply die. We will see at least another leg up which may break resistance that was tested 9 times before. This will trigger decent come back at least to 40-44k which will fulfil your prediction.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

I think that now the technical analyzes are being updated every hour, as the support level has been breaking, however reaching 30800USD or more is likely to happen, the Shorts may be open, however BTC has fallen more than 3 %, as shown here:

Quote

On the daily chart, Bitcoin (BTC) has broken the vital $30,000 level. The selling volume is high, which means that bears may have accumulated enough power in the sideways trend for a continued drop.

Source: https://u.today/btc-ada-xlm-and-bnb-price-analysis-for-july-20

For now the trend is very bearish, but this is in the short term, if this is a bearish trap, the price level usually lasts at least a week in this way, so far there is no clear or fundamental reason for the decline, I think that it is merely speculative of the market.

Bitstar_coin

hero member

Activity: 2478

Merit: 695

SecureShift.io | Crypto-Exchange

Am optimistic and hope for an unexpected market reversal, charts may capture some certain aspect of the nature of the market but i know for a fact that some people may be seriously considering the idea of investing in crypto now that the price is cheap, and this may not be part of the chart, they may want to take advantage the cheap price, hopefully some big investors will come along (the Elon Musk caliber) to boost the market back on track again, there where strong believe that btc will hit 100k and above this year so i hoping that it could still happen.

ILuckyGuyI

hero member

Activity: 2030

Merit: 402

Bitcoin price is finally below $30k again. It couldn't break $30k resistance level. Now, I think that it will continue to decrease more. I don't expect the bear market to end before the price falls to $25k. This time it may take more time for Bitcoin to recover and go over $30k again.

buwaytress

legendary

Activity: 2968

Merit: 3684

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Quote from: jaberwock on July 20, 2021, 07:01:29 AM

That's going to be the key of bitcoin in the future as well and we should probably be focusing on bitcoins opposite movements because that's what it has done way too many times. A bad news about bitcoin? Price going up, a good news about bitcoin? It goes down. It is basically just a thing that bitcoin does constantly and that is just going to be for a thing for bitcoin for a while more basically. I do believe that there is a good chance we could repeat this again very soon as well.

This is a long term thing, the price could still be going down in the near future, in the next week for example because that is what we are going to end up actually "feeling" all of this, I am not expecting them to sell everything right away, that is just something that I think that will take a bit more time and slowly erode the price one by one, so we have to wait a bit more to see it.

Mm hmm. Bad news and good news don't seem to factor in much when it's been anticipated for a while -- Bitcoin market I feel is at that stage where what's foreseeable for the short term is quickly priced in, hence the apparent imperviousness to "news".

It's still the majority sentiment I think that leads the medium-term, and looking six months ahead, those early predictions, as I mentioned, haven't been invalidated. Clear the horizon of short-termers and the skyline looks pretty much the same, perhaps only a little farther away.

ipanks

hero member

Activity: 1610

Merit: 507

Quote from: Dhaniii on July 19, 2021, 11:08:38 AM

Quote from: ipanks on July 19, 2021, 09:13:42 AM

Quote from: janggernaut on July 19, 2021, 07:46:09 AM

Quote from: janggernaut on July 18, 2021, 03:34:27 AM

Strange, today bitcoin price is supposed to dump because of biggest grayscale bitcoin unlock will happen on today. They will unlock almost 17,000 Bitcoin today. But i don't see any dump of bitcoin until this hour, it was even got pump to above $32,000

Just like i thought, finally bitcoin broke $30,800 and it would be go deeper from now. Time to buy some coins and accumulating them on the best time like this. Can't wait too see whether what Robert Kiyosaki said was true or not (he will buy more bitcoin once it hit $24,000)

When bitcoin breaks lower than $30k, the price can still down for more. The next lower price might be at $28k but hopefully, that will not happen because the price can go up anytime. Maybe the dump will be a flash dump and the price will be back to the current price now or it will still go down. This situation is not good for traders and hopefully, they can take a break for a while because the price is still unpredictable. But if the price really gets down below $30k, you need to prepare your cash to buy more bitcoin because it might touch a lower level than that price.

down or up, I guess it's nothing to worry about. If it doesn't go up, the market price will go down. from that side we can see an opportunity and a risk. whether we buy at the right time or take the decision to accept the risk.
I think when all investors are satisfied with their bitcoin holdings, they must expect big profits.

Finally, the bitcoin price touches $29,795 and seems the price will go down but I think the down will not going too fast. This time will make us difficult to determine the time to buy because if we buy now, the price will have a chance to go down.

The investor is still waiting for the next lower price but already bought at the current price for some amount. But some investors are still waiting for more and prepare their money to buy at a low price.

BrewMaster

legendary

Activity: 2114

Merit: 1293

There is trouble abrewing

very interesting that price broke the $30k resistance after weeks of manipulation and dumping but surprisingly enough the dumps stopped as if there is nobody else left to sell while they also not buying back either. price is stuck right below $30k (0.8%)!!!
the next 48 hours are going to be very interesting.

jaberwock

legendary

Activity: 2660

Merit: 1074

Quote from: buwaytress on July 18, 2021, 04:30:04 AM

Strange and yet not unexpected. Bad news doesn't seem to affect Bitcoin markets as much as they should when they have been anticipated. Same as good news. Remember all those Bitcoin ETFs that eventually happened? Probably all priced in by now and if so, then if this is the worst this item of news could do, bulls must be happy.

Of course, we have an entire week to see this out.

That's going to be the key of bitcoin in the future as well and we should probably be focusing on bitcoins opposite movements because that's what it has done way too many times. A bad news about bitcoin? Price going up, a good news about bitcoin? It goes down. It is basically just a thing that bitcoin does constantly and that is just going to be for a thing for bitcoin for a while more basically. I do believe that there is a good chance we could repeat this again very soon as well.

This is a long term thing, the price could still be going down in the near future, in the next week for example because that is what we are going to end up actually "feeling" all of this, I am not expecting them to sell everything right away, that is just something that I think that will take a bit more time and slowly erode the price one by one, so we have to wait a bit more to see it.

aoluain

legendary

Activity: 2436

Merit: 1362

Quote from: snipie on July 20, 2021, 05:38:41 AM

Although fluctuations occur every so on and it is classic and normal but seeing the bitcoin price drops under $30k, $29630 exactly on preev, made me pissed. There will be a bounce at some point for sure but when?
I expect $28k by tomorrow then +$30k again by the end of the week. Such price isn't profitable for anyone.

And for myself also, I'm so pi$$ed, I will need to spend some Bitcoin next week obviously
at an inopportune time, only positive thing is I will most certainly be buying what I sell back
at some point.

ATM there are more sellers than buyers, excluding myself the general trend is when the prices
are falling people will sell, when the prices are rising people will buy, its obvious really I know.

What will be the trigger to turn the current trend I wonder?

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

Although fluctuations occur every so on and it is classic and normal but seeing the bitcoin price drops under $30k, $29630 exactly on preev, made me pissed. There will be a bounce at some point for sure but when?
I expect $28k by tomorrow then +$30k again by the end of the week. Such price isn't profitable for anyone.

hugeblack

legendary

Activity: 2702

Merit: 4002

My barrier is at $28700, as this is the level from which the price rebounded quickly in the previous period. To stay at $30 800 or $31 800 barrier, which we have been testing for the past period, more food may cause the price to make the price lower at levels of 27000 thousand or even 24000 thousand, but we will quickly return to the rise quickly with any talk that leads to stop manipulating the market.

I will be afraid if we drop below 18,000, something that will not happen soon. I guess Grin

onecall123

sr. member

Activity: 2156

Merit: 323

Although time is crucial, it's confirmed that level of $28100-28800 will serve as a key support level. People sold more than they bought. So there you go. Positive thing is, we have a big buy order between $28000 and $29500, so we have support. There isn't always a large amount of money driving prices up. Occasionally, they are doing the opposite so that they can buy cheap.

adaseb

legendary

Activity: 3808

Merit: 1723

Support is currently now at $28800 because it was the lowest value a few weeks back. The $30800 or $30000 is not really real support. And $28800 might get broken but we can still close above it so you need to becareful.

What confirmation you need to prove that the $30K support was indeed broken and will head towards $20K is that it needs to stay below $28800 for a long period of time, best would be at least 24 hours. And then everybody would get confirmation that its not going up and would start to go short or sell their coins.

Similar to what happened back in Nov 2018, we broke $6K and stayed below $6K for a day or two before we resumed our bearish trend to the downside.

Dave1

hero member

Activity: 1414

Merit: 542

Quote from: BrewMaster on July 19, 2021, 11:18:36 AM

Quote from: Symmetrick on July 17, 2021, 06:15:30 AM

Do you think Bitcoin will break through the key support level of $30 800? The situation, frankly speaking, is not rosy on the daily chart. Undecided

in my experience only the "round numbers" are the key levels for both support and resistance. everything else is passing by. as you can see now price has been below $30800 but above $30000 for some time now and nothing has changed because there was no significance to $30800.

Yep, $30k is the current support and it seems to be holding although by the closest of the market.

This week I have seen the market trying to break $32k, but not enough push and momentum.

And because of the news about the GBTC unlocking, it seems the market is somewhat affect, but the good news is that we did go below $30k. Charts might not be rosy, but still no massive dump happening.

BrewMaster

legendary

Activity: 2114

Merit: 1293

There is trouble abrewing

Quote from: Symmetrick on July 17, 2021, 06:15:30 AM

Do you think Bitcoin will break through the key support level of $30 800? The situation, frankly speaking, is not rosy on the daily chart. Undecided

in my experience only the "round numbers" are the key levels for both support and resistance. everything else is passing by. as you can see now price has been below $30800 but above $30000 for some time now and nothing has changed because there was no significance to $30800.

Dhaniii

full member

Activity: 728

Merit: 100

https://i.imgur.com/hgxNNiA.png

Quote from: ipanks on July 19, 2021, 09:13:42 AM

Quote from: janggernaut on July 19, 2021, 07:46:09 AM

Quote from: janggernaut on July 18, 2021, 03:34:27 AM

Strange, today bitcoin price is supposed to dump because of biggest grayscale bitcoin unlock will happen on today. They will unlock almost 17,000 Bitcoin today. But i don't see any dump of bitcoin until this hour, it was even got pump to above $32,000

Just like i thought, finally bitcoin broke $30,800 and it would be go deeper from now. Time to buy some coins and accumulating them on the best time like this. Can't wait too see whether what Robert Kiyosaki said was true or not (he will buy more bitcoin once it hit $24,000)

When bitcoin breaks lower than $30k, the price can still down for more. The next lower price might be at $28k but hopefully, that will not happen because the price can go up anytime. Maybe the dump will be a flash dump and the price will be back to the current price now or it will still go down. This situation is not good for traders and hopefully, they can take a break for a while because the price is still unpredictable. But if the price really gets down below $30k, you need to prepare your cash to buy more bitcoin because it might touch a lower level than that price.

down or up, I guess it's nothing to worry about. If it doesn't go up, the market price will go down. from that side we can see an opportunity and a risk. whether we buy at the right time or take the decision to accept the risk.
I think when all investors are satisfied with their bitcoin holdings, they must expect big profits.

ipanks

hero member

Activity: 1610

Merit: 507

Quote from: janggernaut on July 19, 2021, 07:46:09 AM

Quote from: janggernaut on July 18, 2021, 03:34:27 AM

Strange, today bitcoin price is supposed to dump because of biggest grayscale bitcoin unlock will happen on today. They will unlock almost 17,000 Bitcoin today. But i don't see any dump of bitcoin until this hour, it was even got pump to above $32,000

Just like i thought, finally bitcoin broke $30,800 and it would be go deeper from now. Time to buy some coins and accumulating them on the best time like this. Can't wait too see whether what Robert Kiyosaki said was true or not (he will buy more bitcoin once it hit $24,000)

When bitcoin breaks lower than $30k, the price can still down for more. The next lower price might be at $28k but hopefully, that will not happen because the price can go up anytime. Maybe the dump will be a flash dump and the price will be back to the current price now or it will still go down. This situation is not good for traders and hopefully, they can take a break for a while because the price is still unpredictable. But if the price really gets down below $30k, you need to prepare your cash to buy more bitcoin because it might touch a lower level than that price.

janggernaut

legendary

Activity: 2366

Merit: 1130

Quote from: janggernaut on July 18, 2021, 03:34:27 AM

Strange, today bitcoin price is supposed to dump because of biggest grayscale bitcoin unlock will happen on today. They will unlock almost 17,000 Bitcoin today. But i don't see any dump of bitcoin until this hour, it was even got pump to above $32,000

Just like i thought, finally bitcoin broke $30,800 and it would be go deeper from now. Time to buy some coins and accumulating them on the best time like this. Can't wait too see whether what Robert Kiyosaki said was true or not (he will buy more bitcoin once it hit $24,000)

barota

sr. member

Activity: 1176

Merit: 286

in my opinion i think , if you talk about support $30 800 for the short term , prices bitcoin can rise from the support always to 40000$ , but after some months,who know if prices to reach even 20000$ or not ,the prediction of prices bitcoin is very dificult because sometime , news and fud effect on the market then for sure pump and dump we've seen this type of rise and fall on prices before because of news always

hatshepsut93

legendary

Activity: 3024

Merit: 2148

I think we will, in the past bear markets the price didn't plunge by 80% in an instant, it was a long process that took about a year. This current stagnation and slow decline falls within the pattern of previous bear markets. But I don't believe that we will drop as low as -80% from the ATH, this bull run was smaller and it would be logical to have a smaller bear market. 80% crash would put us at $12.8k which isn't farm from were we started. I think $18-22k bottom is more reasonable.

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