Topic: 26k mark finally breached (Read 819 times)
We have left $26k and our next target is to reach $30k soon, many people say some price that is passed like $25k, $35k, $50k and so on is like a strong wall that is difficult to break, when the price can be passed then the opportunity to skyrocket is very big.
The biggest question that came up last month was whether or not bitcoin reached $30,000 in price. It did not work out, but will it happen during this April period? So far, crypto currencies are doing well; they do have bad days, but most of the time, they are going up. Additionally, $26,000 will serve as support if it maintains its current momentum in April. Those that are sitting tight waiting for bitcoin to decrease its price to $20,000 might hang tight in vain. Therefore, whenever the price of bitcoin falls, even above $20,000, you should invest.
Bitcoin finally climbs 26k and it's definitely looking more like a bullish trend now as many new investors were worried from it massive drop from its 25k to around 19k in the month of March. For me am definitely praying for the price to drop more so I can buy as much bitcoin as I can but the dip always scares some investors but I say the dip is a good sign for me make more from the market as buying low and hodling till the prices go up is definitely more yielding.
What's your pick on this. Will March bring more great feats or a massive dip will be experienced after this pump.
Nobody knows when the price of Bitcoin will collapse, so I believe that bitcoin have to do with investors, so when more investors are coming to invest more it rises, now that the price is absolutely increasing, I believe that bitcoin price have will still decrease because the bond is not strong enough, so I believe bitcoin price can have more bond or be stronger when we get to the propose year 2024. What's your pick on this. Will March bring more great feats or a massive dip will be experienced after this pump.
Today many altcoins are soaring like Doge which is up more than 28%, unfortunately bitcoin has not moved in the last 24 hours of trading, but with the higher daily transaction volume the opportunity to reach $ 30k in the current week will occur and maybe in April the market will rise Again.
For some reason again, Elon changed the tweet to doge and that's why people bought doge. Let me say that again, Elon Musk, changed the icon of twitter, which was a blue bird, into doge, and that's why a lot of people bought doge... There is something fundamentally wrong with people but I am not sure what, and why.How in the hell did it make sense to buy doge because twitter changed its logo, how did that make sense to any person, and even worse, people actually profited from it as well. That's crazy even beyond my understanding and somehow that happened. Aside from that, no other coin went up like that, sure it was a green day but small changes, nothing major.
Today many altcoins are soaring like Doge which is up more than 28%, unfortunately bitcoin has not moved in the last 24 hours of trading, but with the higher daily transaction volume the opportunity to reach $ 30k in the current week will occur and maybe in April the market will rise Again.
The price ended with $28k dollar last month but some people predicted to reach $30-40 but that could not be realised since the price of bitcoin cannot be predicted, but from the second week of January to the end of March the price was stable and it favoured many traders and investors.
And this month of April, the way the movement is, it might hit the March predicted price which was $30+k. The market right now is moving between the $27k - $28k and I don't think the price will still come down to below $27k again before it will shoot up again to another digits. Patient is the best approach in the bitcoin investment business. If you are not patient then you miss out.
And this month of April, the way the movement is, it might hit the March predicted price which was $30+k. The market right now is moving between the $27k - $28k and I don't think the price will still come down to below $27k again before it will shoot up again to another digits. Patient is the best approach in the bitcoin investment business. If you are not patient then you miss out.
If we pay attention to the market, the price of $ 26k does not last a day because the market continues to rise and touches $ 27k to $ 28k, of course this is a good achievement and is the start that the April market will be promising, and unfortunately today the market is red again and makes we have to buy more.
I think in this moment It's difficult to predict the future movements of the market, but the recent climb in Bitcoin's price is a positive sign for the overall trend. While dips can be scary for some investors, they can also present opportunities for those who see the potential for long-term gains. In April usually better.
Of course we are happy with the increase that occurred in March, the price can be close to $ 30k and there is a significant increase in daily transaction volume, hopefully March is the start of an increase like what happened in 2021, of course there are no cases that can make investors panic like FTX .
The 26k mark being significant suggests also we must confirm the break.
Personally I don't see the real significance of $26K but rather $25K. The only significance of $26K breaking was that it led to a close above $25K a few days later, prior to the move to $27.5K. So in reality, breaking through $26K was like a knife through butter, with the only relevance that initially bears sold the price to back below $25K resistance level. This also means to the downside it can fall through quite easily it seems.
Support and resistance are references to the same thing, larger volume which has a gravity to it bringing us back more often in that theory at least. However I think 24.3k or nearby is the level I would expect us to test should we fail to keep this higher level of trading, its more easily observable that we have closed daily bars in that area more often then other prices in this region.
I think a pull-back to somewhere between $24K and $25K is logicial. If we're lucky price will hold the 200 WMA, but there can also be a wick below this on weekly time-frame prior to a close back above. Personally I like the look of $23K support as there is a lot of volume there compared to higher levels, and it's a decent -20% from recent high, so would be a reasonable pull-back (as opposed to -10% around $25K).
March is the beginning of a revival, of course no one thought that the price would skyrocket significantly and be able to jump over $ 25k, many experts say that when the market rose but several times it failed to touch $ 25k so the price fell again, and now the price has reached $ 28k and became the beginning of the go to moon this year.
The 26k mark being significant suggests also we must confirm the break. Support and resistance are references to the same thing, larger volume which has a gravity to it bringing us back more often in that theory at least. However I think 24.3k or nearby is the level I would expect us to test should we fail to keep this higher level of trading, its more easily observable that we have closed daily bars in that area more often then other prices in this region.
The drop and up in price are both very important so we cannot say that dropping in price is cause of losing money but it is actually a point at which users can participate in it and can buy bitcoin whereas at higher price they can obtain their higher worth return.
Bitcoin in both higher as well lower price are advantageous so do not loss hope, as we see that price these days are 28k $ so its very higher and as the time passes it will attain more higher value.
As you are pointing out 26k$ so yes absolutely bitcoin has reached the price more than 26k$ and is now 28k $. All those who already have put money into it should be happy for this success of price boosting.
To understand that we are the ones who make the price go higher when we buy is the vital change in peoples perception. If you do nothing and buy nothing and still expect it grow, then it won't happen, if enough people just stay there and not move, that would be a stagnant market. We had that as well, between 16k to 22k levels, the price was stagnant and it moved up sometimes and down sometimes like that for many months only because people didn't move together.Bitcoin in both higher as well lower price are advantageous so do not loss hope, as we see that price these days are 28k $ so its very higher and as the time passes it will attain more higher value.
As you are pointing out 26k$ so yes absolutely bitcoin has reached the price more than 26k$ and is now 28k $. All those who already have put money into it should be happy for this success of price boosting.
These days it is around 28k thanks to people who bought it, there are still a lot of people who hasn't bought any bitcoin in 2023, and I think it will be quite important when their time comes and they help take the price further by buying more.
I think that even though the bitcoin price is rising, it seems that the bullish trend has not happened yet. Moreover, the current increase in bitcoin prices is not very significant. Even since experiencing a price increase at the beginning of March until now, the price of bitcoin is still difficult to penetrate the $ 30k area.
Having a hard time breaking through the $30K area doesn't mean it won't happen this year, because while the upside potential is still very likely to happen again to Bitcoin. Of course this area will be easier for Bitcoin to touch if it moves from the current price level. Right now the price of Bitcoin is still very close to the $28K area and it's definitely not that far to go to the $30K area, so the possibility of breaking through that area is still very likely for Bitcoin if there isn't such a messy correction in the market.I think that even though the bitcoin price is rising, it seems that the bullish trend has not happened yet. Moreover, the current increase in bitcoin prices is not very significant. Even since experiencing a price increase at the beginning of March until now, the price of bitcoin is still difficult to penetrate the $ 30k area.
Having a hard time breaking through the $30K area doesn't mean it won't happen this year, because while the upside potential is still very likely to happen again to Bitcoin. Of course this area will be easier for Bitcoin to touch if it moves from the current price level. Right now the price of Bitcoin is still very close to the $28K area and it's definitely not that far to go to the $30K area, so the possibility of breaking through that area is still very likely for Bitcoin if there isn't such a messy correction in the market. 
I think that even though the bitcoin price is rising, it seems that the bullish trend has not happened yet. Moreover, the current increase in bitcoin prices is not very significant. Even since experiencing a price increase at the beginning of March until now, the price of bitcoin is still difficult to penetrate the $ 30k area.
Hopefully this increase will continue, sometimes the bitcoin price trend is indeed unique, at this time we might say it's impossible to get through ATH, but when a certain price is reached the market will continue to explode and it's hard to stop, even though it sometimes goes down but I'm sure at the end of our year can reach new ATH again.
Maybe it's too soon to expect new ATH again at the end of this year in Bitcoin, because now Bitcoin still has to fight for the next price levels first so that the possibility of going to the next ATH can be bigger. But for now I don't think that this can easily happen to Bitcoin even though the crypto market conditions are not so bad now and I also hope that the increase can continue without any hindrance in Bitcoin.
I also on the fench of hitting ATH this year, for me it's better to just wait for it to happen and not to hurry as surely there could be artificial growth. Let's put a realistic prediction maybe $30k-$50k range. I do agree that any black swan event like FTX or even Luna will stop us from getting that price. So what we can do right now is just sit and hope nothing catastrophic will happen in a good market that we are having in the first quarter.
We have missed a few cases that had a negative impact on the crypto market and although there are other cases that will not have a bigger impact than the FTX case and others, realistically reaching $30k is a recovery target that will be achieved soon this month but because the market is not yet stable thus having a correction that will persist in the $27k area, we expect the next recovery to cross $30k in the first quarter and the target of hitting $40k will very confidently be realized by the start of the second quarter.Support lines are now $26k-$27k, so it's not just a question of hitting it, we already crossed that line. But then again, we can't just go on parabolic rise at this point, sooner or later there will be some correction and retracement, the thing is that the market is too strong right now as the bulls is taking over.
FTX and Luna are black swans, event that we didn't expect to happen but it eventually did. But for this year, I'm not seeing any event that will directly have negative impact on the market, on the contrary, we though that the banking collapse is one, but the opposite happen as the market goes on a massive run this month. But I can't see $30k, we will have to wait for a quite sometime and my best guess is next month.
I also on the fench of hitting ATH this year, for me it's better to just wait for it to happen and not to hurry as surely there could be artificial growth. Let's put a realistic prediction maybe $30k-$50k range. I do agree that any black swan event like FTX or even Luna will stop us from getting that price. So what we can do right now is just sit and hope nothing catastrophic will happen in a good market that we are having in the first quarter.
We have missed a few cases that had a negative impact on the crypto market and although there are other cases that will not have a bigger impact than the FTX case and others, realistically reaching $30k is a recovery target that will be achieved soon this month but because the market is not yet stable thus having a correction that will persist in the $27k area, we expect the next recovery to cross $30k in the first quarter and the target of hitting $40k will very confidently be realized by the start of the second quarter. There's a likelihood that bitcoin is gonna hit beyond 30k by the end of this march and it's a good feeling for all bitcoiners as this is a tag of hope for a great bull run for the year 2023. As for dip, yes there will always be a dip cause it's a volatile market but when comes a dip it's a sign the bull run should be expected and step step from 19k to 25k and now it's closer to 28k, for that I view another ATH by the end of 2023 and it's possible for bitcoin.
If not in March then we still have a full steam ahead in April, it's tax month and usually those who get tax rebate might invest their money into the bitcoin market. So it's going to be a good, or at least a very positive thing to see that this March is not bad at all because historically it is. But it's very different right now because of the banking crisis and the inflation problem around us. People is moving away from fiat and full BTC now.
However, I have to disagree about new ATH at the end of 2023, we really need some catalyst for the massive bull run. We all know that it will be the block halving which is still very far. So let's just assume that $50k could be the highest that we can achieved and not expect something big as a new all time high, just saying.
Hopefully this increase will continue, sometimes the bitcoin price trend is indeed unique, at this time we might say it's impossible to get through ATH, but when a certain price is reached the market will continue to explode and it's hard to stop, even though it sometimes goes down but I'm sure at the end of our year can reach new ATH again.
Sorry but we have another small correction, we are down to $27k again. So I don't see $30k this March, we are less than a week and it's going to be weekend wherein the volume is low because everyone is taking a break for their trading.
I also on the fench of hitting ATH this year, for me it's better to just wait for it to happen and not to hurry as surely there could be artificial growth. Let's put a realistic prediction maybe $30k-$50k range. I do agree that any black swan event like FTX or even Luna will stop us from getting that price. So what we can do right now is just sit and hope nothing catastrophic will happen in a good market that we are having in the first quarter.
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