Topic: Bitcoin Bullish Scenario - Minimum will reach $75000 - page 4. (Read 782 times)
I was expecting a target of 74K$ for Bitcoin in this month, December, but a sudden dip occurred as a result of some negative news that led to a sudden drop in Bitcoin to about 40K$, but now Bitcoin is starting to regain its bullish activity despite the heavy pressure by whales to absorb the market and if this continues The bullish wave is sure to see this target at the beginning of the new year 2022 and therefore it is expected that Bitcoin will continue to rise to reach a new high, I expect it to be at $85,000.
As long as the bearish trend lasts in December, the price of support is very strong, therefore the price of Bitcoin is still above the price of $45k.
But unfortunately several times the price of Bitcoin tried to rise, but always failed to rise above the price of $50k. And based on the results of
my analysis, the price of Bitcoin will not fall below the price of $40k, therefore I have bought more Bitcoin. I hope that near the end of the year
the price of Bitcoin can at least rise above the price of $50k, if it can be achieved the price of Bitcoin rises above $50k. Beginning of 2022
the price of Bitcoin could enter a bullish trend and the price target of $75k is very likely to be achieved. But because the price of Bitcoin is difficult
to predict, then we have to prepare for the worst case scenario, so I totally agree using the stop-loss feature is important to do.
But unfortunately several times the price of Bitcoin tried to rise, but always failed to rise above the price of $50k. And based on the results of
my analysis, the price of Bitcoin will not fall below the price of $40k, therefore I have bought more Bitcoin. I hope that near the end of the year
the price of Bitcoin can at least rise above the price of $50k, if it can be achieved the price of Bitcoin rises above $50k. Beginning of 2022
the price of Bitcoin could enter a bullish trend and the price target of $75k is very likely to be achieved. But because the price of Bitcoin is difficult
to predict, then we have to prepare for the worst case scenario, so I totally agree using the stop-loss feature is important to do.
Yeah, several times bitcoin tried to rise but failed to rise above $50k but what the good thing is the strong resistance of bitcoin's market price of $45k is still in the line so I would like to think positively this time that maybe we will gonna see a good market value of bitcoin this coming holidays or even before the year 2021 ends. I do hope for a good market value of crypto today however I do also prepare myself for any worst-case scenario and my stop-loss technique were always on the rescue whatever the situation may happen.
From the bearish conditions that we have experienced for almost the last month, we can see that the price of bitcoin is almost close to the $40k price level. As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur. The next projected bitcoin price target is around the $74k-$75k level.
If this scenario occurs then the current buy the dip will be very profitable.
If this scenario occurs then the current buy the dip will be very profitable.
Bearish season already last almost 3 weeks and the support is still strong, bullish scenario might still happen in near future so taking a chance to buy more is the chance to get profits.
But anyway placing a stoploss is still a must, since we don't have to be too confident because the market could also make another decline and break the support and going to 40k. Let's prepare for any condition right now.
but as long as the price stays this level? and look at it now https://coinmarketcap.com/currencies/bitcoin/ almost breaking 50k once again.
From the bearish conditions that we have experienced for almost the last month, we can see that the price of bitcoin is almost close to the $40k price level. As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur. The next projected bitcoin price target is around the $74k-$75k level.
If this scenario occurs then the current buy the dip will be very profitable.
Bearish season already last almost 3 weeks and the support is still strong, bullish scenario might still happen in near future so taking a chance to buy more is the chance to get profits.If this scenario occurs then the current buy the dip will be very profitable.
But anyway placing a stoploss is still a must, since we don't have to be too confident because the market could also make another decline and break the support and going to 40k. Let's prepare for any condition right now.
As long as the bearish trend lasts in December, the price of support is very strong, therefore the price of Bitcoin is still above the price of $45k.
But unfortunately several times the price of Bitcoin tried to rise, but always failed to rise above the price of $50k. And based on the results of
my analysis, the price of Bitcoin will not fall below the price of $40k, therefore I have bought more Bitcoin. I hope that near the end of the year
the price of Bitcoin can at least rise above the price of $50k, if it can be achieved the price of Bitcoin rises above $50k. Beginning of 2022
the price of Bitcoin could enter a bullish trend and the price target of $75k is very likely to be achieved. But because the price of Bitcoin is difficult
to predict, then we have to prepare for the worst case scenario, so I totally agree using the stop-loss feature is important to do.
From the bearish conditions that we have experienced for almost the last month, we can see that the price of bitcoin is almost close to the $40k price level. As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur. The next projected bitcoin price target is around the $74k-$75k level.
If this scenario occurs then the current buy the dip will be very profitable.
If this scenario occurs then the current buy the dip will be very profitable.
Bearish season already last almost 3 weeks and the support is still strong, bullish scenario might still happen in near future so taking a chance to buy more is the chance to get profits.
But anyway placing a stoploss is still a must, since we don't have to be too confident because the market could also make another decline and break the support and going to 40k. Let's prepare for any condition right now.
From the bearish conditions that we have experienced for almost the last month, we can see that the price of bitcoin is almost close to the $40k price level. As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur. The next projected bitcoin price target is around the $74k-$75k level.
If this scenario occurs then the current buy the dip will be very profitable.
If this scenario occurs then the current buy the dip will be very profitable.
But with this kind of Movement now?
https://coinmarketcap.com/currencies/bitcoin/
Increasing more than 3k i 2 days , I am not sure if we can still make another ATH this year , actually it is 70,000 is the hindrance and needs to be broken.
But Yeah let us not lose hope as the price is now greening while the Month/Year is nearly ending.
The current buy the dip will always be profitable. In fact, not just that, what I want to say is that all buy the dip signals are profitable. Actually, not even that, one only needs to take a look at the overall chart of Bitcoin since its inception and it is enough to realize that even buying the ATH is profitable. But it takes time of course. But there's the point, if buying the ATH is profitable how much more does buying the dip? If the next projected price target is $74,000-$75,000, buying anytime is profitable.
We have seen this many times before, so I think we get another chance to buy at the dip and hold for some time or sell when the price starts to increase.We do not have to feel bad if we already bought at ATH because the price will break the last ATH and will hit a new ATH in the future.
So rather than feeling bad about the current situation, we need to use the moment for our benefit to have a chance to buy at a low price.
I am sure the price will hit $74,000-$75,000 sooner or later but if we do not have many bitcoins, we can not sell at the high price.
The current buy the dip will always be profitable. In fact, not just that, what I want to say is that all buy the dip signals are profitable. Actually, not even that, one only needs to take a look at the overall chart of Bitcoin since its inception and it is enough to realize that even buying the ATH is profitable. But it takes time of course. But there's the point, if buying the ATH is profitable how much more does buying the dip? If the next projected price target is $74,000-$75,000, buying anytime is profitable.
In a bullish scenario, $75,000 is very minimalistic at least for me because we've seen Bitcoin moved very fast in just a couple of days and we might see it again.
On the other hand though, the chances of Bitcoin going to a bear market goes up when it goes below and closes at least at the $40,000 price range.
Bitcoin went sideways for a few weeks already which means anything can happen. Either the bulls will regain the control or the bears will now control the market.
I mean there is nothing wrong with praying but praying alone will not help Bitcoin. Bitcoin and other markets' price are moving base on the sentiments of the investors and not by praying.
On the other hand though, the chances of Bitcoin going to a bear market goes up when it goes below and closes at least at the $40,000 price range.
Bitcoin went sideways for a few weeks already which means anything can happen. Either the bulls will regain the control or the bears will now control the market.
Let's just pray for the best for bitcoin in the future and be sure that bitcoin will continue to grow.
In which Gods you will pray?I mean there is nothing wrong with praying but praying alone will not help Bitcoin. Bitcoin and other markets' price are moving base on the sentiments of the investors and not by praying.
From the bearish conditions that we have experienced for almost the last month, we can see that the price of bitcoin is almost close to the $40k price level. As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur. The next projected bitcoin price target is around the $74k-$75k level.
It seems a good analysis and we saw that the market now was slowly recovered from the previous correction.This could be near to accurate prediction and by the end of the year Bitcoin will go up again and I think, this is natural that Bitcoin has a correction during holidays.
It could be by next year Bitcoin price will start into a path of a bull season which everyone most anticipated. I don't believe that there's a huge drop like what happened in the year 2018, Bitcoin has gained popularity and has more investors like institutional investors or even a private individual that potentially called whales.
If this scenario occurs then the current buy the dip will be very profitable.
Even with the current price level of $48,000 MOST PROBABLY it will always be profitable when we're talking about long term perspective.
It might not be the start of the long bearish season and it could still initiate another run and that's actually good, but to make it more safer don't hesitate to buy Bitcoin at the current dip when you can and start holding it no matter If it will make another run this year or early next year you're absolutely safe.
I'm very optimistic during this term. And you're right, as long as we manage to stay in the loop and not get a massive red candle all of a sudden, the projected scenario isn't far from being a reality. Right now, the market is just bouncing off of $45k and $47k, with no serious sell walls and buy walls. Personally I would still wait for a better entry price than the current price on the market, but once the price slips below $40k, that is, IMO, where things get a little tricky.
The problem with it is that if the price does not get any lower then you will miss the chance to buy bitcoin for a good price, and as you say I do not see a huge selling pressure accumulating itself or anything like that, so I think this is a great opportunity to buy bitcoin before we see another sudden growth and then people begin to buy because of FOMO, after all it would be very weird for the the bull run to end without making at least one last attempt to break the current ATH. I'm very optimistic during this term. And you're right, as long as we manage to stay in the loop and not get a massive red candle all of a sudden, the projected scenario isn't far from being a reality. Right now, the market is just bouncing off of $45k and $47k, with no serious sell walls and buy walls. Personally I would still wait for a better entry price than the current price on the market, but once the price slips below $40k, that is, IMO, where things get a little tricky.
We should always be optimistic despite of these challenges and I know Bitcoin will still follow the trend and will made a good trend to bounce back, hopefully not to break another support level this time and will start to pump again slowly but surely. Looking at the chart, its pretty ok with a great volume, let’s see in the coming days if this will happen or not. Op I don't believe in your analysis because there is a indication of a downward trend only if you know what each and every candle stick stand for. Although, everyone is entitled to his or her opinion and that is why I see those who believe in your analysis are given you merit but in time we shall see the end result of this analysis if actually we have seen the last bottom.
Whatever happens with the chart analysis we expect 2022 to be a great start for bitcoin's future price because whatever the shape of the chart we can't predict whether it will drop $40k or be expensive to break through $75k.
Let's just pray for the best for bitcoin in the future and be sure that bitcoin will continue to grow.
Praying has nothing to do with the market movement, still based on investors and how much they are willing to pour money. But it seems that we have a negative sentiments, a bear market and all points that 2022 might not be very good as the shape of the market is really week at this point. Volume is no longer very high just like when we are in a bull run. Maybe the investors are getting out or moving to altcoins or any other financial market right now.
Op I don't believe in your analysis because there is a indication of a downward trend only if you know what each and every candle stick stand for. Although, everyone is entitled to his or her opinion and that is why I see those who believe in your analysis are given you merit but in time we shall see the end result of this analysis if actually we have seen the last bottom.
Whatever happens with the chart analysis we expect 2022 to be a great start for bitcoin's future price because whatever the shape of the chart we can't predict whether it will drop $40k or be expensive to break through $75k.
Let's just pray for the best for bitcoin in the future and be sure that bitcoin will continue to grow.
I'm very optimistic during this term. And you're right, as long as we manage to stay in the loop and not get a massive red candle all of a sudden, the projected scenario isn't far from being a reality. Right now, the market is just bouncing off of $45k and $47k, with no serious sell walls and buy walls. Personally I would still wait for a better entry price than the current price on the market, but once the price slips below $40k, that is, IMO, where things get a little tricky.
But we have reach another resistance level of $45k although it goes back up to $46k the market is still very much undecided so not sure if $75k is still the minimum to be reach or we might be seeing a form of bearish trend already.
Of course, the trend continue, then we might see the price into the $40k'ish and if it a sign of bearish then the price could still go down and we might have to wait before entering and buy at a cheap price.
From the bearish conditions that we have experienced for almost the last month, we can see that the price of bitcoin is almost close to the $40k price level. As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur. The next projected bitcoin price target is around the $74k-$75k level.
If this scenario occurs then the current buy the dip will be very profitable.
a good structure can really tell where the price will gonna go in the near future, and that structure is very pretty tho. i mean there will be a new high if it successfully made break out, if not then it means it still not stable and don't have enough strength to jump again..let's just keep our finger crossed that it's a positive sign. If this scenario occurs then the current buy the dip will be very profitable.
I'm very optimistic during this term. And you're right, as long as we manage to stay in the loop and not get a massive red candle all of a sudden, the projected scenario isn't far from being a reality. Right now, the market is just bouncing off of $45k and $47k, with no serious sell walls and buy walls. Personally I would still wait for a better entry price than the current price on the market, but once the price slips below $40k, that is, IMO, where things get a little tricky.
Every time Bitcoin dropped, people believed the bull run was over. Wealthy investors bought into those dips and made millions. It makes sense to invest only in market declines. If a bear market exists, the buyer will be the seller. But, there is far too much downtrend sentiment in the stock market and bitcoin market, nobody really knows, so don't invest if you aren't prepared to lose, good luck. Don't rely on technical analysis every time!
This is a very strange way how you are using the 1.272 fib projection, I don't think most people are looking at that fib level. However if you take the previous cycle high ($20K) and low ($3.1K) you will get a fib projection 4.236 at around $73000. Which is pretty close to your fib.
Will this be the top? Nobody knows because in those areas there is no resistance, so traders are plotting projections where they can. Obviously $100K is an obvious resistance area and the rest people use fib projections. So it might or might not be the top. I think alot depends on if $42K was the low and how long we spend in this trend.
Will this be the top? Nobody knows because in those areas there is no resistance, so traders are plotting projections where they can. Obviously $100K is an obvious resistance area and the rest people use fib projections. So it might or might not be the top. I think alot depends on if $42K was the low and how long we spend in this trend.
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