Bitcoin Bull Tamed - page 2. | Bitcointalksearch.org

Myleschetty

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Quote from: Oasisman on August 27, 2021, 07:22:15 PM

Quote from: BIN-BIN on August 26, 2021, 08:42:55 AM

This week started with a high, not after bitcoin price went to an all-time high off above $50k, which is the highest price since May 2021, before dropping to $49k in the early hours of Tuesday this week.

Since then Bitcoin has been trying to climb back to that $50k benchmark but have faced so much resistance till this very moment, various analysts have predicted the price to stay above 50k this week but as we are all aware of the volatility in the Bitcoin market the week resided between $46k to $47k price with strong resistance.

What are your views on this, is the Bitcoin bull run tamed already or just gathering some momentum before breaking the limit?

The kind of situation isn't new If you're in crypto space for quite some time already.
It tends to be like everytime Bitcoin has been facing a strong resistance, there will always be a short pull backs when It touches the level of that specific resistance level. Which kinda normal as traders will sell during bounce back and then accumulate when Btc falls about more than 5%.
Usually, when Bitcoin is hovering around a specific range huge possiblity that there might be another bull run. As you can see Bitcoin didn't fall below $40,000 again.

I think the problem here is people focus only on the positive trend because of the profit that comes with it and ignores the opportunities that open up when the price downtrend.
Meanwhile, the market seems to resist a downtrend but still lack the impulse to pass the $50K resistance level which is show a chance for possible bullrun.

beerlover

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Quote from: Dave1 on August 27, 2021, 09:22:20 PM

we are not above $49k so quite some time now, after the price fall to $46k a quick bounce and a 3% increase is not that bad in a day. So yeah, we might attempt to break that strong resistance again this weekend and see if we are lucky although I think the trading activity today will slow day as it was a rest day for the majority of speculators. I doubt that we will go as low as $40k now, the sentiments seems to be very bullish with minor dump in a month.

We have seen 49k+ on 27th of august, that is true you can look it up on CMC and that is a great thing because we were 50k on 23rd and we dropped under 49k on 24th and only 3 days later we recovered over 49k once again, doesn't matter how low we went down or not, it still recovered and that is a great thing.

I am hoping to see a lot better results hopefully, I want to see 50k as well, I want to see tons of profit like 60k+ or even breaking ATH and be 100k+, however I am also being realistic and say that going above 50k was awesome but going under 49k and going back up in under 3 days is an amazing achievement, much bigger than being 50k+.

We shall see what is going to happen in the future but I am quite happy about what happened in the past and I do not think that I would change it. Going up at all times is not good, eventually it leads to crashes, but having small drops and recover quickly is a proof of strength.

dark1234

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maybe the newcomers are the contributors and one of the cowboys who make the bulls tame at level 50k is what happens next is the thing that the audience is most waiting for so that the hope of the market's green grass grows more and maybe the old cowboys can also lead the bulls so they don't blush and angry so hard heading too hard and redden eyes

Spack17

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It looks like the bull is tamed for now. Bitcoin price reached even $50k but we haven't seen more than that yet. Now, the price is having some difficulties in breaking the $49k resistance again. This is one of the critical resistance levels for the continuation of the rally I think. If it breaks the resistance, then we can see bigger levels in September I guess.

RealMalatesta

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Quote from: Devifajarina on August 27, 2021, 05:09:07 AM

I think bitcoin has not been implemented optimally for now, big momentum will happen again in the next few months, bitcoin continues to be attacked by people who have great influence and interests, I think bitcoin bulls have not been tamed for now.

There are several investors who can influence the value of bitcoin, continue to chase bitcoin prices to keep going up, even they are preparing some big agendas for bitcoin's survival at the end of this year, I'm sure by the end of this year bitcoin will reach fantastic numbers.

Bitcoin will never be tamed, the bulls are always out there looking for the future and not right now, and that is why they can't be tamed. If the price falls to 20k in the next 1-2 month, that is still not enough to tame me, I would buy so much more bitcoins if I had the money, it is better for me because if I buy them cheap then I make more money, but even if it doesn't fall in price, I will still buy it, I wouldn't have as much bitcoins but I would still spend fiat to get btc because that is just smart.

Many people and now even companies think like me and that is why I believe that we will be doing fine, bulls will be buying more and more, sellers will sell as much as they can but eventually they will run out of bitcoins to sell whereas buyers will keep on buying bitcoin because there are more and more fiat in the world every day, hence more money to buy bitcoins.

Dave1

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Quote from: Oasisman on August 27, 2021, 07:22:15 PM

Quote from: BIN-BIN on August 26, 2021, 08:42:55 AM

This week started with a high, not after bitcoin price went to an all-time high off above $50k, which is the highest price since May 2021, before dropping to $49k in the early hours of Tuesday this week.

Since then Bitcoin has been trying to climb back to that $50k benchmark but have faced so much resistance till this very moment, various analysts have predicted the price to stay above 50k this week but as we are all aware of the volatility in the Bitcoin market the week resided between $46k to $47k price with strong resistance.

What are your views on this, is the Bitcoin bull run tamed already or just gathering some momentum before breaking the limit?

The kind of situation isn't new If you're in crypto space for quite some time already.
It tends to be like everytime Bitcoin has been facing a strong resistance, there will always be a short pull backs when It touches the level of that specific resistance level. Which kinda normal as traders will sell during bounce back and then accumulate when Btc falls about more than 5%.
Usually, when Bitcoin is hovering around a specific range huge possiblity that there might be another bull run. As you can see Bitcoin didn't fall below $40,000 again.

And we are not above $49k so quite some time now, after the price fall to $46k a quick bounce and a 3% increase is not that bad in a day. So yeah, we might attempt to break that strong resistance again this weekend and see if we are lucky although I think the trading activity today will slow day as it was a rest day for the majority of speculators. I doubt that we will go as low as $40k now, the sentiments seems to be very bullish with minor dump in a month.

Oasisman

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Quote from: BIN-BIN on August 26, 2021, 08:42:55 AM

This week started with a high, not after bitcoin price went to an all-time high off above $50k, which is the highest price since May 2021, before dropping to $49k in the early hours of Tuesday this week.

Since then Bitcoin has been trying to climb back to that $50k benchmark but have faced so much resistance till this very moment, various analysts have predicted the price to stay above 50k this week but as we are all aware of the volatility in the Bitcoin market the week resided between $46k to $47k price with strong resistance.

What are your views on this, is the Bitcoin bull run tamed already or just gathering some momentum before breaking the limit?

The kind of situation isn't new If you're in crypto space for quite some time already.
It tends to be like everytime Bitcoin has been facing a strong resistance, there will always be a short pull backs when It touches the level of that specific resistance level. Which kinda normal as traders will sell during bounce back and then accumulate when Btc falls about more than 5%.
Usually, when Bitcoin is hovering around a specific range huge possiblity that there might be another bull run. As you can see Bitcoin didn't fall below $40,000 again.

Questat

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Quote from: BIN-BIN on August 26, 2021, 08:42:55 AM

What are your views on this, is the Bitcoin bull run tamed already or just gathering some momentum before breaking the limit?

Keeping on the chance that Bitcoin will reach another new market height, I have to give some fate, though.
We are moving back close to $60k, keeping the momentum for a few months will certainly drive the market price for Bitcoin to break another record. Though I was not fully confident that it going to happen but showing such a positive response after a huge correction, that it looks like we are breaking the limit as well.

onecall123

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Quote from: StreakW on August 27, 2021, 04:31:54 AM

We see a decline in Bitcoin and this decline could result in a decline of up to $44k but this decline will only occur if support is broken and if Resistance is broken the price declines and the price will return to bullish. However, my advice, When the market is in a downtrend, or when it enters a bear phase, you can short sell to make a profit or to protect your asset from a weakening price.

Frequently, this happens. Manipulation of whales, as usual. What just happened does not need to be explained. Summarizing the 24 market chart, the conclusion is quite clear- Big bucks are incoming! A smart buyer bought at a very good price. There was a stupid sale at a terrible price. The best advice is to stop overanalyzing microtrends or you will drive yourself crazy.

Devifajarina

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Quote from: BIN-BIN on August 26, 2021, 08:42:55 AM

This week started with a high, not after bitcoin price went to an all-time high off above $50k, which is the highest price since May 2021, before dropping to $49k in the early hours of Tuesday this week.

Since then Bitcoin has been trying to climb back to that $50k benchmark but have faced so much resistance till this very moment, various analysts have predicted the price to stay above 50k this week but as we are all aware of the volatility in the Bitcoin market the week resided between $46k to $47k price with strong resistance.

What are your views on this, is the Bitcoin bull run tamed already or just gathering some momentum before breaking the limit?

I think bitcoin has not been implemented optimally for now, big momentum will happen again in the next few months, bitcoin continues to be attacked by people who have great influence and interests, I think bitcoin bulls have not been tamed for now.

There are several investors who can influence the value of bitcoin, continue to chase bitcoin prices to keep going up, even they are preparing some big agendas for bitcoin's survival at the end of this year, I'm sure by the end of this year bitcoin will reach fantastic numbers.

pooya87

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There is a Tug of war game currently going on in the bitcoin market where the bear-whales don't want to accept that their shorts lost them a lot of money so they gamble more and sell hoping they can make the money they've lost back.
The bull market is still ongoing after this little money grab scheme cleared the market from some of the weak hands.

StreakW

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We see a decline in Bitcoin and this decline could result in a decline of up to $44k but this decline will only occur if support is broken and if Resistance is broken the price declines and the price will return to bullish. However, my advice, When the market is in a downtrend, or when it enters a bear phase, you can short sell to make a profit or to protect your asset from a weakening price.

Yaunfitda

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Quote from: GreatArkansas on August 27, 2021, 12:44:47 AM

These past few days and upcoming days are crucial for Bitcoin, monthly candle close is coming.
A lot of people are waiting for this. I am also looking forward if Bitcoin will be able to close above $50,000 for monthly candles.

Hopefully we can close this month still in green candles.

Quote from: GreatArkansas on August 27, 2021, 12:44:47 AM

This current price level of Bitcoin looks good, more on sideways, as long as we don't see a huge dump below $40,000. Bulls are still here.

Right, as long as the price is above $40k-$43k, the bull are still inside the market, maybe they've just taken a short rest. So I'm expecting them to come ride starting tomorrow up to the end of this month. And now as we enter the most exciting quarters again, the bulls momentum are going to be high.

GreatArkansas

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These past few days and upcoming days are crucial for Bitcoin, monthly candle close is coming.
A lot of people are waiting for this. I am also looking forward if Bitcoin will be able to close above $50,000 for monthly candles.

This current price level of Bitcoin looks good, more on sideways, as long as we don't see a huge dump below $40,000. Bulls are still here.

Wexnident

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Gathering momentum. $50k is a pretty big wall imo but it doesn't seem like it would stop Bitcoin that much. Even if it did do so, I doubt it would fall off that much since the Bitcoin market right now has pretty grade foundations and support. I'd also reckon that once the market breaks out of $50k, it'd be rather easy to actually reach $60k, and only there would it stop to steady its growth. We've been up for quite a few weeks now so really, it stopping just below $50k is rather understandable, and heck, you always need that little bit of patience when dealing with the volatile market.

Kemarit

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Nah, I don't think that the bulls have been tamed, remember that there are billions of bitcoin future contracts that are going to expired by today. So obviously, then want the price to go down a bit and that has always been the case if you are going to look at the price history in correlation about the expiration. So let's wait tomorrow and up to the next week, the price will go back again above $50k.

Fundamentals Of

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It has been rise high and then fall a little in the past several days so I am not at all bothered by what seems to be a normal correction. The price is still well within a range where the next rally would once again try to leave $50,000 behind. I think the price would be consolidating around $47,000 and then attempt once again to convert $50,000 from resistance to support. If not, then S2F could be true and we will see Bitcoin's price around $43,000 come September. And then better days will follow in the next few months.

Slow death

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the bitcoin market works as follows:

1 - whenever the price cannot break a great resistance, it falls to a strong support

2 - whenever the price cannot break a strong support, it goes up to break a strong resistance

Boov

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I'm still confident that the bull market will still continue to be fulfilled, and what we witnessed today was just a mere corrections. Several times we've encountered this scenario, and we need not to worry on this current fluctuations happening because if you learned all the previous chart patterns I guess panic won't happen on someone else. Recently btc price went down at lowest of $46k plus, hopefully it will recover up to $48k the next day if no problems going to persist.

Oceat

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Quote from: blue_nexus15 on August 26, 2021, 11:16:33 AM

Without any effect to threaten continuation of the downtrend, some guys are digging up old stories to create fud and the market doesn't seem to have the strength to fight, but it's like a "fake dip". I am still optimistic that there will be a mysterious fall and a very strong increase. This is the last doubtful possibility to end August.

Yeah, this seems like a fake dip or a bull trap but just like you I am optimistic about it that it would pump even more after the small dump. As I look at the chart it looks like it's going to pump soon but the possibility of it to dump is kind of small if you are going to analyze the pattern of its price movement within this month.

I hope $50k is not the final price before the correction start and we might back again to $30k+ or something.
Maybe that's just the bottom price for this year or nah I still don't know so let's just wait and see what will going to happen.

Topic: Bitcoin Bull Tamed - page 2. (Read 429 times)