$27000 or $35000? Which will Bitcoin head to at the end of Jan.?

lepbagong

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Quote from: LUCKMCFLY on January 31, 2021, 04:05:47 PM

From what is observed, it is more likely that it will reach $ 35k again, in addition to that many investors are looking for more bitcoin, we already have the influence of Elon Musk, this is something favorable, if at the moment I had the money, I would not hesitate to buy more bitcoins, no matter what news and technical analysts show.

I think your opinion about the price that will be achieved by bitcoin is clear, it might even exceed the existing estimates, because we know that bitcoin is currently difficult to understand because it is able to move quickly both down and up.

analysis can anyone do but the effect of one's analysis will be different. but in the past the analysis of @elonmusk was quite confusing in the crypto universe as it has raised bitcoin's rise and even surprised the latter with a doge. but many other analysts have always missed before.

of course if you have sufficient funds I will also do the same thing with you still holding bitcoin because it is clear bitcoin will continue to increase.

Fredomago

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Quote from: Oasisman on January 31, 2021, 04:24:28 PM

Quote from: kapalmabur on January 31, 2021, 03:40:53 PM

the monthly candle will end in 3 hours, if the candle is above $ 32500 then I say bullish for bitcoin, but if it is below $ 32k, the volatility will increase,
somehow this will happen, we have to wait for it, for sure the predictions about $ 27000 and $ 35000 are wrong ,
since bitcoin didn't reach that target at the end of January, and $ 35k could be reached again in February, don't worry.

Most probably it will close at $32,000 to $33,000 for the month of January. Even though the price seems stabilizing at this region despite of the 1 day pump of $4,000 after the Elon Musk bio change and created a hype, Bitcoin sentiments still remains bullish.
I'm looking forward to see what would be the price action for the first week of February. I guess this month we will going to have a clearer signal which way Btc is heading.

Still moving back and forth too early to assume that it may continue being bullish or it will rest from
this barrier and form again much stronger position before jumping high.

That Elon Musk hashtag really shows support from his followers a very sign that there are people who are willing follow his journey inside this industry.

If we will see more insitutional investors to come inside there's higher chance
to see much better value.

RealMalatesta

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Quote from: wiss19 on January 29, 2021, 11:04:25 AM

People would keep on selling and selling and selling, there would be very little amount of buyers, but these days there are so many buyers who see the price go down and they think bitcoin is discounted and they buy right back, that is why there is no crash, there are small corrections and there are people who buy it back to increase it back.

Yeah, we can clearly see that 35k is the right answer here, unless something major changes in the next 24 hours, we are going to see being closer to 35k easily. However what we are going to see next month is going to be a very difficult deal.

We are not in a all laugh and joy situation right now, we are having hard time going up, it was very easy to drop as low as 29k and even though I find that still a very high price, I can't say the same for people who bought at 30k+ whereas going up is not that simple, sure we had a spike recently thanks to elon musk putting bitcoin on his bio and wallstreetbets suddenly crashing here and buying all bitcoins but they left and we dropped again. So, I would say we are going to have a bit of a hard time and I believe we are not going to be able to actually end up going up that easily, it will be very difficult.

Oasisman

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Quote from: kapalmabur on January 31, 2021, 03:40:53 PM

the monthly candle will end in 3 hours, if the candle is above $ 32500 then I say bullish for bitcoin, but if it is below $ 32k, the volatility will increase,
somehow this will happen, we have to wait for it, for sure the predictions about $ 27000 and $ 35000 are wrong ,
since bitcoin didn't reach that target at the end of January, and $ 35k could be reached again in February, don't worry.

Most probably it will close at $32,000 to $33,000 for the month of January. Even though the price seems stabilizing at this region despite of the 1 day pump of $4,000 after the Elon Musk bio change and created a hype, Bitcoin sentiments still remains bullish.
I'm looking forward to see what would be the price action for the first week of February. I guess this month we will going to have a clearer signal which way Btc is heading.

KTChampions

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Quote from: Oceat on January 31, 2021, 05:02:16 AM

Quote from: KTChampions on January 30, 2021, 06:57:43 PM

Since there are only a few hours left, it is easy to make a prediction: I think the price at 35 will be closer.
I think that any price above 29-30 thousand indicates an upward movement, in order to go to the level of 25 thousand, bitcoin must first break through this powerful support.

I think $33k below is the final price for this month since the strong support of $30k is not that easily to be break. Unless some huge entities holding Bitcoin suddenly dump or an effective fud news that would make most of people to dump. Well, if they were just going to dump it then it's a waste of valuable asset. While looking at the volume it seems that sooner or later we will be back to the moon again.

I would expect another group of people to continue making fud if what they expected never met. I think this is just a normal routine of the Bitcoin market weak-hands losing their investment because they believe in a fud.

If we are talking about weak hands losing bitcoins, then we assume that they have them. It can be assumed that these are ordinary people who heard about new records and started buying bitcoin at a price of 20 to 40 thousand dollars. This means that in order to knock out bitcoins from them, the price must fall significantly below 20 thousand Wink

LUCKMCFLY

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From what is observed, it is more likely that it will reach $ 35k again, in addition to that many investors are looking for more bitcoin, we already have the influence of Elon Musk, this is something favorable, if at the moment I had the money, I would not hesitate to buy more bitcoins, no matter what news and technical analysts show.

kapalmabur

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the monthly candle will end in 3 hours, if the candle is above $ 32500 then I say bullish for bitcoin, but if it is below $ 32k, the volatility will increase,
somehow this will happen, we have to wait for it, for sure the predictions about $ 27000 and $ 35000 are wrong ,
since bitcoin didn't reach that target at the end of January, and $ 35k could be reached again in February, don't worry.

Quidat

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Quote from: Oceat on January 31, 2021, 05:02:16 AM

Quote from: KTChampions on January 30, 2021, 06:57:43 PM

Since there are only a few hours left, it is easy to make a prediction: I think the price at 35 will be closer.
I think that any price above 29-30 thousand indicates an upward movement, in order to go to the level of 25 thousand, bitcoin must first break through this powerful support.

I think $33k below is the final price for this month since the strong support of $30k is not that easily to be break. Unless some huge entities holding Bitcoin suddenly dump or an effective fud news that would make most of people to dump. Well, if they were just going to dump it then it's a waste of valuable asset. While looking at the volume it seems that sooner or later we will be back to the moon again.

I would expect another group of people to continue making fud if what they expected never met. I think this is just a normal routine of the Bitcoin market weak-hands losing their investment because they believe in a fud.

Have really a hard time on breaking 40k and breaking 30k support but the price had actually able to touched these levels but it do corrected into those numbers afterwards.
We are on the last day of this month of January and the price is playing around 33-35k but we dont know if it would actually closes into the near number of 35k on where
op had mentioned out..For the question if when we would be heading then this would be a question remain unanswered because this market is way too unpredictable.
Thing here is that you do know on how to play with the price in spite of this very unpredictable behavior.

Oceat

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Quote from: KTChampions on January 30, 2021, 06:57:43 PM

Since there are only a few hours left, it is easy to make a prediction: I think the price at 35 will be closer.
I think that any price above 29-30 thousand indicates an upward movement, in order to go to the level of 25 thousand, bitcoin must first break through this powerful support.

I think $33k below is the final price for this month since the strong support of $30k is not that easily to be break. Unless some huge entities holding Bitcoin suddenly dump or an effective fud news that would make most of people to dump. Well, if they were just going to dump it then it's a waste of valuable asset. While looking at the volume it seems that sooner or later we will be back to the moon again.

I would expect another group of people to continue making fud if what they expected never met. I think this is just a normal routine of the Bitcoin market weak-hands losing their investment because they believe in a fud.

KTChampions

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Since there are only a few hours left, it is easy to make a prediction: I think the price at 35 will be closer.
I think that any price above 29-30 thousand indicates an upward movement, in order to go to the level of 25 thousand, bitcoin must first break through this powerful support.

Furious 7

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Quote from: Yaunfitda on January 30, 2021, 12:26:30 PM

And since the Elon Musk tweet, the price goes to $38k, then settled around $34k-$35k.

So base on the the OP's question, not going to be $27k, but $35k at least at the end of this month.

Still bullish though, and with the WSB and DOGE and GME pump, it might spill over to bitcoin next month. Last couple of days was crazy, reddit become a pump and dump group, Lol. In any case though, $40k-$50k is doable next month as we might see some spike in the price again.

This is really sticking out because Elon tweeted musk so it is not impossible that bitcoin will also experience the same thing in the following months, I hope this can happen, after several other coins are pumped in the near future.
The price of bitcoin will settle at $ 35k. Maybe that's more stable than some downward slides.
Haha, now many forums are discussing many famous coins after such a great pump with DOGE coins.

Yaunfitda

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And since the Elon Musk tweet, the price goes to $38k, then settled around $34k-$35k.

So base on the the OP's question, not going to be $27k, but $35k at least at the end of this month.

Still bullish though, and with the WSB and DOGE and GME pump, it might spill over to bitcoin next month. Last couple of days was crazy, reddit become a pump and dump group, Lol. In any case though, $40k-$50k is doable next month as we might see some spike in the price again.

wiss19

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Quote from: pooya87 on January 28, 2021, 03:15:04 AM

This pattern repeats many times that it is kind of a regular theme in bitcoin. Each time we see a big rise that continues for some time, there is a sudden drop and then price stays near the bottom of that drop for some time before it continues rising (aka accumulation phase). The interesting part is the users' behavior during this time where they panic sell and continue spreading a lot of FUD.

Unfortunately there are too many people involved with their emotions, which is why we can't have a decent increase without interruption. Any time there is a correction due to a lot of people making a profit so they sell, there are people who are willing to eat up a chunk of loss and get out, and they sell right away with fear that they may lose even more if they do not sell.

Thankfully as a difference these days there are also people who are willing to buy when it goes down as well. For example if it was back in the day and we went down? People would keep on selling and selling and selling, there would be very little amount of buyers, but these days there are so many buyers who see the price go down and they think bitcoin is discounted and they buy right back, that is why there is no crash, there are small corrections and there are people who buy it back to increase it back.

Ultegra134

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Quote from: btc_angela on January 28, 2021, 02:22:23 AM

Quote from: bryant.coleman on January 28, 2021, 01:01:39 AM

Quote from: semobo on January 27, 2021, 12:39:14 PM

Reached 29K a while ago but managed to climb again to 30K so it seems there is strong resistance building up or we are just preparing for a huge long bearish dump after sideway movements.

Expect the worst ever scenario can happen so you won't be disappointed even if that happens and if it doesn't then you are a happy man.

It resembles a bear trap. Short-term investors who sell their coins right now will regret their decision later (after a few months). The current situation resembles what happened in 2017. For the first two-three months, the prices remained stable, before the bull run resumed. The same may happen this time as well. Don't expect the bull run to resume immediately. Prices are going to remain stable for the next few months.

In a bullish season, short term investors are going to get REKT. And I agree that this is 2017 all over again, first months are really a struggle, actually the first quarter, and then we have a few bumps, but the third quarter was also full of corrections and dips. And then we take off in the last quarter. If history repeats itself then we might see a new all time high before the end of this year. Best case scenario is a 6 digit figure for the first time.

I don't think it's anything similar with 2017's incident. The price is relatively stable the past week. I highly doubt that it is suddenly going to crash down to $20k for example. It will probably be quite volatile for the next few weeks.

Today, Bitcoin made an approximately 5% recovery, but I think it's probably going to crash again by tomorrow. It will probably continue in this vicious cycle for quite a while.

pooya87

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Quote from: bryant.coleman on January 28, 2021, 01:01:39 AM

Quote from: semobo on January 27, 2021, 12:39:14 PM

Reached 29K a while ago but managed to climb again to 30K so it seems there is strong resistance building up or we are just preparing for a huge long bearish dump after sideway movements.

Expect the worst ever scenario can happen so you won't be disappointed even if that happens and if it doesn't then you are a happy man.

It resembles a bear trap. Short-term investors who sell their coins right now will regret their decision later (after a few months). The current situation resembles what happened in 2017. For the first two-three months, the prices remained stable, before the bull run resumed. The same may happen this time as well. Don't expect the bull run to resume immediately. Prices are going to remain stable for the next few months.

This pattern repeats many times that it is kind of a regular theme in bitcoin. Each time we see a big rise that continues for some time, there is a sudden drop and then price stays near the bottom of that drop for some time before it continues rising (aka accumulation phase). The interesting part is the users' behavior during this time where they panic sell and continue spreading a lot of FUD.

btc_angela

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Quote from: bryant.coleman on January 28, 2021, 01:01:39 AM

Quote from: semobo on January 27, 2021, 12:39:14 PM

Reached 29K a while ago but managed to climb again to 30K so it seems there is strong resistance building up or we are just preparing for a huge long bearish dump after sideway movements.

Expect the worst ever scenario can happen so you won't be disappointed even if that happens and if it doesn't then you are a happy man.

It resembles a bear trap. Short-term investors who sell their coins right now will regret their decision later (after a few months). The current situation resembles what happened in 2017. For the first two-three months, the prices remained stable, before the bull run resumed. The same may happen this time as well. Don't expect the bull run to resume immediately. Prices are going to remain stable for the next few months.

In a bullish season, short term investors are going to get REKT. And I agree that this is 2017 all over again, first months are really a struggle, actually the first quarter, and then we have a few bumps, but the third quarter was also full of corrections and dips. And then we take off in the last quarter. If history repeats itself then we might see a new all time high before the end of this year. Best case scenario is a 6 digit figure for the first time.

bryant.coleman

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Quote from: semobo on January 27, 2021, 12:39:14 PM

Reached 29K a while ago but managed to climb again to 30K so it seems there is strong resistance building up or we are just preparing for a huge long bearish dump after sideway movements.

Expect the worst ever scenario can happen so you won't be disappointed even if that happens and if it doesn't then you are a happy man.

It resembles a bear trap. Short-term investors who sell their coins right now will regret their decision later (after a few months). The current situation resembles what happened in 2017. For the first two-three months, the prices remained stable, before the bull run resumed. The same may happen this time as well. Don't expect the bull run to resume immediately. Prices are going to remain stable for the next few months.

semobo

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Reached 29K a while ago but managed to climb again to 30K so it seems there is strong resistance building up or we are just preparing for a huge long bearish dump after sideway movements.

Expect the worst ever scenario can happen so you won't be disappointed even if that happens and if it doesn't then you are a happy man.

Renampun

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Quote from: yenivera on January 22, 2021, 11:19:58 AM

Quote from: katrina2 on January 22, 2021, 02:29:52 AM

Is the dip this time filling the gaps or bearish reversion?

It is very similar to 2017. And I think that BTC is preparing long term horizontal route. In near time I dont hope a new ATH.

I think that 41.8 k stay long time the highest price

all possibilities can happen...
2017 bulls were very different from this time, at that time not many large companies made Bitcoin their safe-haven. So I can say that $ 41k ATH won't last long, Most likely this year Bitcoin will make another new ATH.

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Checking the price... and it is now $31.992,12.

I guess that the price will keep this sideways movement for the rest of the week. Which is not bad news neither: a consolidation at this 30K mark is a positive indicator for me Roll Eyes

Let's not forget that the year is only just starting, and it will be better for the mid-long term a sustained rise than an explosive pump.

Topic: $27000 or $35000? Which will Bitcoin head to at the end of Jan.? (Read 600 times)