Bitcoin current stage and price | Bitcointalksearch.org

Devifajarina

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

Today this number is no longer suitable for us to discuss, considering the price of bitcoin is far from that figure now, I am interested in discussing bitcoin at 1 trillion at the end of this year, the strength of bitcoin resistance at this time is very dependent on the results at the end of the year, where if this will reach 1 trillion, then we can be sure bitcoin will be the king that no one can compete with, market conditions are very supportive, even tend to be stable and good for bitcoin, so bitcoin is very possible to reach that number.

LUCKMCFLY

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For now, the price of BTC continues to rise, at the moment it is around 48,690 USD, not bad, however technical indications show that demand and supply are the same, there is no fixed clarity but what many hope is that it can keep growing:

Quote

The bulls will have to push and sustain the price above $50,500 to signal the resumption of the uptrend. The next target objective on the upside is $60,000.

Source: https://cointelegraph.com/news/price-analysis-9-1-btc-eth-ada-bnb-xrp-doge-sol-dot-uni-luna

At the moment it can be said that the environment is very optimistic, some only think of $ 50k the goal, the most optimistic think that it is time to reach $ 60k.

leea-1334

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Quote from: sana54210 on August 31, 2021, 01:33:45 PM

It is even better when the market crashes, I took advantage of the latest two biggest falls in our crypto history and I am quite happy about it, many more before that but the latest two have been great. I bought bitcoin at 6.5k on March 2020 when it crashed (more like early April when it recovered from under 4k to 6.5k I think but do not remember exact day) and then it peaked at 64k, I sold way before that to go into a project that we made with my friends which didn't really hurt me too much, but didn't help me at all neither, just lost a grand there which is not end of the world but I made a decent return when I bought bitcoin after the crash.

Second was the latest one, from 64k to 30k was so obvious that it will recover, sure it could have gone even lower but it would eventually recover that part was so obvious, so I bought at 33k and made a good return now as well.

I did not take particular advantage of those two big crashes (I only know the one in March last year in my recent memory) but I am happy to do regular buys or rather to earn along all those times, so it is always advantageous to me,,, and I am fine with that. Well done to you.

Every deep crash is good for me as it signals a few more weeks or months to get more coins since I earn in btc.

sana54210

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Quote from: Taskford on August 30, 2021, 10:04:35 AM

Quote from: leea-1334 on August 30, 2021, 09:28:40 AM

Quote from: Rajamuda on August 30, 2021, 05:50:20 AM

Although the price looks more expensive at the moment but precisely due to the price movement had touched $50k... it will trigger investors' interest, not to mention more people are interested in Bitcoin because of its various advantages, it can cause a stronger price movement at high altitude, speed meter between selling and buying... still shows strong buying from a few months ago till now.

And when people realize that this is still a rally, with 30% gains almost just to reach the next ATH,,, then it can only make sense to those investors looking to finally make their moves that this is the right entry point now to get in and ride the next wave comfortably.

This stage is the safe stage if there is such a thing in Bitcoin.

But unfortunately many people will go ride ahead once they see the bull run hype starting to build up that's why we see people go down and became loser or a bag holder, that's why its good to react once the market is on stable state since for sure the pump will follow in next couple of months since the hype will start to spread out once there's a good news happened in the industry.

I also agree that this stage still what we call safe so if we want to buy do it or maybe wait for little more so that we can try to find a best spot.

It is even better when the market crashes, I took advantage of the latest two biggest falls in our crypto history and I am quite happy about it, many more before that but the latest two have been great. I bought bitcoin at 6.5k on March 2020 when it crashed (more like early April when it recovered from under 4k to 6.5k I think but do not remember exact day) and then it peaked at 64k, I sold way before that to go into a project that we made with my friends which didn't really hurt me too much, but didn't help me at all neither, just lost a grand there which is not end of the world but I made a decent return when I bought bitcoin after the crash.

Second was the latest one, from 64k to 30k was so obvious that it will recover, sure it could have gone even lower but it would eventually recover that part was so obvious, so I bought at 33k and made a good return now as well.

leea-1334

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Quote from: Taskford on August 30, 2021, 10:04:35 AM

Quote from: leea-1334 on August 30, 2021, 09:28:40 AM

This stage is the safe stage if there is such a thing in Bitcoin.

But unfortunately many people will go ride ahead once they see the bull run hype starting to build up that's why we see people go down and became loser or a bag holder, that's why its good to react once the market is on stable state since for sure the pump will follow in next couple of months since the hype will start to spread out once there's a good news happened in the industry.

I also agree that this stage still what we call safe so if we want to buy do it or maybe wait for little more so that we can try to find a best spot.

But that simply is just the nature of the markets. Majority of retail traders and speculators only come because of that hype,,, and then they exit when the hype is replaced by fear.

You will never win this game of reacting first, everyone thinks they can be the first and jump ahead of everybody. So get in now, while you can, and do not worry about short term.

777Jolami

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Theo tôi, đây là giai đoạn rất quan trọng đối với bitcoin trong năm nay. Rõ ràng là đợt phục hồi của thị trường kể từ ngày 20 tháng 7 cho đến nay đã giúp chúng tôi vượt qua áp lực thị trường giảm nhưng ở mức $ 50k một số người nắm giữ đã chuyển sang chốt lời ngắn hạn, động thái này đang được giữ vững. là một tín hiệu thấp trong ngắn hạn nhưng ngắn hạn là một sự bứt phá, 50k hiện tại cần rất nhiều động lực để phá vỡ nếu không phải là một thị trường giảm lặp lại với áp lực

Taskford

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Quote from: leea-1334 on August 30, 2021, 09:28:40 AM

Quote from: Rajamuda on August 30, 2021, 05:50:20 AM

Although the price looks more expensive at the moment but precisely due to the price movement had touched $50k... it will trigger investors' interest, not to mention more people are interested in Bitcoin because of its various advantages, it can cause a stronger price movement at high altitude, speed meter between selling and buying... still shows strong buying from a few months ago till now.

And when people realize that this is still a rally, with 30% gains almost just to reach the next ATH,,, then it can only make sense to those investors looking to finally make their moves that this is the right entry point now to get in and ride the next wave comfortably.

This stage is the safe stage if there is such a thing in Bitcoin.

But unfortunately many people will go ride ahead once they see the bull run hype starting to build up that's why we see people go down and became loser or a bag holder, that's why its good to react once the market is on stable state since for sure the pump will follow in next couple of months since the hype will start to spread out once there's a good news happened in the industry.

I also agree that this stage still what we call safe so if we want to buy do it or maybe wait for little more so that we can try to find a best spot.

leea-1334

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Quote from: Rajamuda on August 30, 2021, 05:50:20 AM

Although the price looks more expensive at the moment but precisely due to the price movement had touched $50k... it will trigger investors' interest, not to mention more people are interested in Bitcoin because of its various advantages, it can cause a stronger price movement at high altitude, speed meter between selling and buying... still shows strong buying from a few months ago till now.

And when people realize that this is still a rally, with 30% gains almost just to reach the next ATH,,, then it can only make sense to those investors looking to finally make their moves that this is the right entry point now to get in and ride the next wave comfortably.

This stage is the safe stage if there is such a thing in Bitcoin.

Rajamuda

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Quote from: StreakW on August 25, 2021, 07:32:13 AM

In my view, the price of cryptocurrencies has continued to strengthen in the past week where the price of Bitcoin broke through the $46k level. I see many investors starting to take advantage of the recent market movements by taking profits.

Although the price looks more expensive at the moment but precisely due to the price movement had touched $50k... it will trigger investors' interest, not to mention more people are interested in Bitcoin because of its various advantages, it can cause a stronger price movement at high altitude, speed meter between selling and buying... still shows strong buying from a few months ago till now.

STT

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Price is travelling sideways long enough that we have 2 day and weekly averages roughly in the same place. I dont think its breaking upwards especially but first movement on open this Monday is upwards.

jostorres

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Quote from: LogitechMouse on August 25, 2021, 07:57:45 AM

Well, it looks like that the $50,000 resistance didn't hold for a long time and we are seeing the whole crypto market right now in a short correction.
Right now, Bitcoin's price is at $47,548.93 by the time I'm posting it and it is consolidating for 3 consecutive days already.

That is normal especially when Bitcoin is going up for consecutive weeks. We might see a short correction as holders will sell a portion of their total holdings and after that, we might see Bitcoin re-testing the $50,000 price again. Right now, Bitcoin is at a stage where it is trying to surpass the $50,000 strong resistance. Staying above it for a few days to weeks is a huge positive sign for us but on the other hand, we might see Bitcoin move sideways for the next weeks at around $40,000-$50,000 like what happened months ago.

Bitcoin could definitely go up after this fall, corrections will always happen whenever bitcoin price starts to go up. I think about it like "all these people waited for so long to make a profit again with anxiety and they deserve to cash out a little bit to relax" and I understand them, it could be some other reason but when I think about it like this, I feel a lot better about the drops.

However eventually people who believe that bitcoin may not stay around these prices will end up selling all they want to sell and finish their job, then all the people who think that the price will go up a lot more will stay and keep on fighting for the price to go up even more. This is why I believe that we will end up with bitcoin at a bigger stage very soon, it is going to be 55k+, we just need to wait for it to happen and it may not happen right away, it may take a while.

LUCKMCFLY

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The price of BTC touched doors at $ 50k, then fell by $47k, at the moment it is by $48.7k and apparently the bulls want to raise the price back to $50k, a small bearish attack is likely to emerge, but it is known in advance that the bulls are buying in the dip, I do not think that for now the price of BTC will drop to $40k, according to the technical analysis it shows the following:

Quote

The bulls are currently defending the support line. If the rebound sustains, the bulls will have another go at the overhead resistance zone of $50,000 to $50,500. If they clear this hurdle, the BTC/USDT pair may rally to the resistance line of the wedge.

Source: https://cointelegraph.com/news/price-analysis-8-25-btc-eth-ada-bnb-xrp-doge-dot-sol-uni-bch

In my personal opinion, it is best to be in Hodl mode for now. It cannot be ruled out that it may drop in price, the bears have been there waiting for any window of vulnerability.

LogitechMouse

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Well, it looks like that the $50,000 resistance didn't hold for a long time and we are seeing the whole crypto market right now in a short correction.
Right now, Bitcoin's price is at $47,548.93 by the time I'm posting it and it is consolidating for 3 consecutive days already.

That is normal especially when Bitcoin is going up for consecutive weeks. We might see a short correction as holders will sell a portion of their total holdings and after that, we might see Bitcoin re-testing the $50,000 price again. Right now, Bitcoin is at a stage where it is trying to surpass the $50,000 strong resistance. Staying above it for a few days to weeks is a huge positive sign for us but on the other hand, we might see Bitcoin move sideways for the next weeks at around $40,000-$50,000 like what happened months ago.

StreakW

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In my view, the price of cryptocurrencies has continued to strengthen in the past week where the price of Bitcoin broke through the $46k level. I see many investors starting to take advantage of the recent market movements by taking profits.

slaman29

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Quote from: rodskee on August 22, 2021, 10:20:36 PM

market is always risky because this is a Volatile investment , there is no safe zone in investing unless the market is in bearish but who knows that it does when the market keeps pumping and dumping.
anyway just like what always said, invest what you can afford to lose so you will have no crying in time.
What signals are you waiting? candling ? or signal group? if does then never trust any of them because they are only full of shits.

Yeah man. As much as we all enjoy the current market rise, this just proves every day how volatile bitcoin can get (not to mention the increased rate of volatility on other altcoins markets).

Risk is always inherent. There is no safe bet, otherwise it wouldn't be called a bet or even an investment. All we can do is find the asset with the least risk overall in its own asset class and for crypto, that's undoubtedly BTC.

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Quote from: rhodelmabanal on August 22, 2021, 05:00:52 AM

Quote from: rahmatrf331 on August 18, 2021, 11:00:59 AM

Quote from: snipie on August 17, 2021, 01:33:22 PM

Quote from: Ziskinberg on August 16, 2021, 11:43:03 AM

Now I can say that you are speculating it right, the price of Bitcoin had surpassed already at $45k, currently near to reach $50k. I see the market resistance keeps on pushing high and not only for Bitcoin but also into major altcoins. I was thinking now for another ATH record before year-end. Maybe I was wrong or right but still, I'm going to hold some of my cryptos while selling some for assurance. We couldn't deny the volatility of the market so it was good to secure some funds.

There is high resistance at the $45k-$47k level. The best thing is to see the bitcoin price not falling too much under $45k. I am expecting the price to reach $50k by the end of the summer hopefully, otherwise I am always afraid with price stagnation between September and mid November.. before jumping again to a new record tho

very long resistance looks like it's been a few days bitcoin is still resistance at some point and never goes up much and never goes down much between $44k and $46k. this keeps analysts busy predicting market prices whether the market will go up or down again at $43k. so it seems confusing. I myself am very difficult to make decisions at this time in the transaction.

Well it is not only you who are having a hard time to make a decision, the market is really risky at this point of time and we need to be careful on making a decision. For now I am still waiting and collecting signals and I prefer buying on some altcoin that is still cheap and sell if the price rise, we need to grab every opportunity that comes because ones the bitcoin comes down, Alts generally lose Bullish momentum.

market is always risky because this is a Volatile investment , there is no safe zone in investing unless the market is in bearish but who knows that it does when the market keeps pumping and dumping.
anyway just like what always said, invest what you can afford to lose so you will have no crying in time.
What signals are you waiting? candling ? or signal group? if does then never trust any of them because they are only full of shits.

Kemarit

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Quote from: snipie on August 17, 2021, 01:33:22 PM

Quote from: Ziskinberg on August 16, 2021, 11:43:03 AM

Now I can say that you are speculating it right, the price of Bitcoin had surpassed already at $45k, currently near to reach $50k. I see the market resistance keeps on pushing high and not only for Bitcoin but also into major altcoins. I was thinking now for another ATH record before year-end. Maybe I was wrong or right but still, I'm going to hold some of my cryptos while selling some for assurance. We couldn't deny the volatility of the market so it was good to secure some funds.

There is high resistance at the $45k-$47k level. The best thing is to see the bitcoin price not falling too much under $45k. I am expecting the price to reach $50k by the end of the summer hopefully, otherwise I am always afraid with price stagnation between September and mid November.. before jumping again to a new record tho

The average is $43,000, that's the lowest price that we can see bitcoin should drop at a resistance base on 200 MA. But we are not going down on that levels, meaning we are above, indication that we are still in a bullish trend.

As for the price hitting $50,000, we have breach $49,000 multiple times in the last 3 days, so chances are we are going to hit it at the end of the month. And then September up to December the finals push to whatever all time high, hopefully it will be in the 6 digits.

rhodelmabanal

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Quote from: rahmatrf331 on August 18, 2021, 11:00:59 AM

Quote from: snipie on August 17, 2021, 01:33:22 PM

Quote from: Ziskinberg on August 16, 2021, 11:43:03 AM

Now I can say that you are speculating it right, the price of Bitcoin had surpassed already at $45k, currently near to reach $50k. I see the market resistance keeps on pushing high and not only for Bitcoin but also into major altcoins. I was thinking now for another ATH record before year-end. Maybe I was wrong or right but still, I'm going to hold some of my cryptos while selling some for assurance. We couldn't deny the volatility of the market so it was good to secure some funds.

There is high resistance at the $45k-$47k level. The best thing is to see the bitcoin price not falling too much under $45k. I am expecting the price to reach $50k by the end of the summer hopefully, otherwise I am always afraid with price stagnation between September and mid November.. before jumping again to a new record tho

very long resistance looks like it's been a few days bitcoin is still resistance at some point and never goes up much and never goes down much between $44k and $46k. this keeps analysts busy predicting market prices whether the market will go up or down again at $43k. so it seems confusing. I myself am very difficult to make decisions at this time in the transaction.

Well it is not only you who are having a hard time to make a decision, the market is really risky at this point of time and we need to be careful on making a decision. For now I am still waiting and collecting signals and I prefer buying on some altcoin that is still cheap and sell if the price rise, we need to grab every opportunity that comes because ones the bitcoin comes down, Alts generally lose Bullish momentum.

rahmatrf331

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Quote from: snipie on August 17, 2021, 01:33:22 PM

Quote from: Ziskinberg on August 16, 2021, 11:43:03 AM

Now I can say that you are speculating it right, the price of Bitcoin had surpassed already at $45k, currently near to reach $50k. I see the market resistance keeps on pushing high and not only for Bitcoin but also into major altcoins. I was thinking now for another ATH record before year-end. Maybe I was wrong or right but still, I'm going to hold some of my cryptos while selling some for assurance. We couldn't deny the volatility of the market so it was good to secure some funds.

There is high resistance at the $45k-$47k level. The best thing is to see the bitcoin price not falling too much under $45k. I am expecting the price to reach $50k by the end of the summer hopefully, otherwise I am always afraid with price stagnation between September and mid November.. before jumping again to a new record tho

very long resistance looks like it's been a few days bitcoin is still resistance at some point and never goes up much and never goes down much between $44k and $46k. this keeps analysts busy predicting market prices whether the market will go up or down again at $43k. so it seems confusing. I myself am very difficult to make decisions at this time in the transaction.

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Quote from: Ziskinberg on August 16, 2021, 11:43:03 AM

Now I can say that you are speculating it right, the price of Bitcoin had surpassed already at $45k, currently near to reach $50k. I see the market resistance keeps on pushing high and not only for Bitcoin but also into major altcoins. I was thinking now for another ATH record before year-end. Maybe I was wrong or right but still, I'm going to hold some of my cryptos while selling some for assurance. We couldn't deny the volatility of the market so it was good to secure some funds.

There is high resistance at the $45k-$47k level. The best thing is to see the bitcoin price not falling too much under $45k. I am expecting the price to reach $50k by the end of the summer hopefully, otherwise I am always afraid with price stagnation between September and mid November.. before jumping again to a new record tho

Silberman

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Quote from: Ziskinberg on August 16, 2021, 11:43:03 AM

Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

Now I can say that you are speculating it right, the price of Bitcoin had surpassed already at $45k, currently near to reach $50k. I see the market resistance keeps on pushing high and not only for Bitcoin but also into major altcoins. I was thinking now for another ATH record before year-end. Maybe I was wrong or right but still, I'm going to hold some of my cryptos while selling some for assurance. We couldn't deny the volatility of the market so it was good to secure some funds.

I think that at this point it is very obvious that we are going to reach another all time high during this year and to me that is still a very conservative estimate about what the price of bitcoin can do, I really think that there is a very high expectation that bitcoin is going to skyrocket at the end of the year and if bitcoin at that time is close enough to the all time high then we will see massive hype building up and easily reaching that price and not only it will reach that price but it will surpass it easily.

mumang siat

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

The market is looking well at the beginning of the year and till date, bitcoin conditions have also affected the market rate, people are waiting for the next bitcoin move assuming stable market conditions, this week expectations are high again in the market and this is to be expected from the initial scenario.

But everything that happens in the market, it's not necessarily bitcoin can survive or vice versa, but if we examine further the possibility to survive or even rise is even greater, it is likely that bitcoin will be at its highest number by the end of this year.

Ziskinberg

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

Now I can say that you are speculating it right, the price of Bitcoin had surpassed already at $45k, currently near to reach $50k. I see the market resistance keeps on pushing high and not only for Bitcoin but also into major altcoins. I was thinking now for another ATH record before year-end. Maybe I was wrong or right but still, I'm going to hold some of my cryptos while selling some for assurance. We couldn't deny the volatility of the market so it was good to secure some funds.

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Quote from: ?? on ??

Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

I think If bitcoin stays above $40k for a week, it's likely that the uptrend will increase. Bitcoin may fall back into the mid-range around $36k, or lower before the rally continues. So let's see how things go later this week or at least next month.

Broo current price of bitcoin is 47k USD, way above 40k and i dont see it going down less that 40k USD now and i am expecting it to cross the 50k $ mark this
week easily. It is in a uptrend and it will cross 50k usd easily.

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

i think that this whole month will be a calm trend for bitcoin as the movement might happen in the 4th quarter in which will happen after this month of august so basically the movement we are seeing is at least normal growth and drop for the time being.
though no one can expect what will happen until it comes .
but i am not losing faith that another ATH will happen before this year ends.

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Quote from: lixer on August 15, 2021, 04:20:25 PM

Quote from: cryptomaniac_xxx on August 15, 2021, 07:28:24 AM

Unfortunately, you are wrong, BTC goes down again to $45k.

However, we have the weekend dips, so it's but normal. The more interesting break out should happen on Monday, for sure speculators and traders are going to be busy as it will fight it out again in the market, will be bulls continue to dominate the market and shorters getting REKT big time again? Remains to be seen.

The market is already on a bullish phase, but with few minimal dips and get goes on again for that big barrier of $50k this month.

I do not think that Monday will be the day when this happens, I believe that it will be around Wednesday or Thursday when it happens. I know that's too much of a specific date to give for something as volatile as bitcoin, we could be 50k+ today if bitcoin goes into berzerk mode and we do have those kinds of stuff all the time. However what we should be focusing on is not the fact that bitcoin dropped or increased, but more about how bitcoin takes a while to go up.

What I meant is that on Monday (today), we will have a good bounce from $45k, which is happening right now as we have move up to $47k. And then we will attempt that $48k wall and see how it pan out.

Quote from: lixer on August 15, 2021, 04:20:25 PM

So, I agree with you that this was a weekend drop and it always happens, this is basically something we should have seen beforehand, but I do not think that bitcoin recovers right away on Mondays, it takes a few days, which means Wednesday or Thursday, even maybe Friday who knows? And that is why I gave a specific day, it could be a bit different, it could be Monday, it could be no increase whole week, I am not a wizard I do not have a magic 8 ball in my hand, I am just guessing like everyone else.

Right, just the weekend dip, but today is Monday, which is a good time to see a bounce which eventually happen. $50k can wait up to the end of the month. What's important is that the bullish phase is still continuing and that's what important for us. No worries about you prediction, everyone is just making a wild and educated guess, just like you and me.

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Quote from: cryptomaniac_xxx on August 15, 2021, 07:28:24 AM

Unfortunately, you are wrong, BTC goes down again to $45k.

However, we have the weekend dips, so it's but normal. The more interesting break out should happen on Monday, for sure speculators and traders are going to be busy as it will fight it out again in the market, will be bulls continue to dominate the market and shorters getting REKT big time again? Remains to be seen.

The market is already on a bullish phase, but with few minimal dips and get goes on again for that big barrier of $50k this month.

I do not think that Monday will be the day when this happens, I believe that it will be around Wednesday or Thursday when it happens. I know that's too much of a specific date to give for something as volatile as bitcoin, we could be 50k+ today if bitcoin goes into berzerk mode and we do have those kinds of stuff all the time. However what we should be focusing on is not the fact that bitcoin dropped or increased, but more about how bitcoin takes a while to go up.

So, I agree with you that this was a weekend drop and it always happens, this is basically something we should have seen beforehand, but I do not think that bitcoin recovers right away on Mondays, it takes a few days, which means Wednesday or Thursday, even maybe Friday who knows? And that is why I gave a specific day, it could be a bit different, it could be Monday, it could be no increase whole week, I am not a wizard I do not have a magic 8 ball in my hand, I am just guessing like everyone else.

zanezane

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Quote from: asrinur on August 12, 2021, 01:56:03 PM

In my opinion, the price of BTC is currently experiencing a breakout and is on the rise at the moment. BTC maintains a good rally in the $49k to $52k price range. But all these scenarios happen if BTC can get past $45k.

That's pretty easy to see and it's a no-brainer that it's rising up, the prices are mostly positive by the end of the year so there's no chance that your opinion is wrong. I think it's going to be the same as the last time when it hits 45k USD.

cryptomaniac_xxx

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Quote from: asrinur on August 12, 2021, 01:56:03 PM

In my opinion, the price of BTC is currently experiencing a breakout and is on the rise at the moment. BTC maintains a good rally in the $49k to $52k price range. But all these scenarios happen if BTC can get past $45k.

Unfortunately, you are wrong, BTC goes down again to $45k.

However, we have the weekend dips, so it's but normal. The more interesting break out should happen on Monday, for sure speculators and traders are going to be busy as it will fight it out again in the market, will be bulls continue to dominate the market and shorters getting REKT big time again? Remains to be seen.

The market is already on a bullish phase, but with few minimal dips and get goes on again for that big barrier of $50k this month.

Silberman

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Quote from: justdimin on August 11, 2021, 02:23:23 PM

Quote from: rodskee on August 11, 2021, 07:40:39 AM

Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

It did broken that 45,000 level but stagnant on that price for week now. assuming that the price will hit 50k then what is the next resistance 55k? but yes if this 55k will be taken then surely we will make another run from ATH of 64,000

I was in profit even at 28k, I bought a lot earlier during April 2020 a bit after it crashed, and I kept buying so it increased eventually but I am still around 10k purchasing average, so I am not doing bad at all. However I am not going to sell, nor I am getting excited about more and more profit right now. Not everyone who doesn't sell means that they believe it will be 100k soon, I do not think that we will see 100k at least another year or so, but I am still not selling nor doing anything.

The only reason I am not is I belong to few people who are called "long term investors", I am sure you heard of us, we are not "greedy" about the price going up, we do not have any rush, we believe in bitcoin and in general crypto and we think it will certainly be 100k or 200k or even a million dollars and we do not have any rush to see that happen, I can wait 10 years if required, it is fine.

And believe it or not that is precisely the kind of mentality that you need to reach the success that so many newbies dream of, it is kind of ironic that the ones that are not 100% concentrated in making money in this market are in fact the ones that are going to make the most money, just keep doing what you have doing during these years and you are going to become incredibly successful, probably more successful than whatever you could dream of.

asrinur

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In my opinion, the price of BTC is currently experiencing a breakout and is on the rise at the moment. BTC maintains a good rally in the $49k to $52k price range. But all these scenarios happen if BTC can get past $45k.

rincoeng1986

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Quote from: Silberman on August 11, 2021, 12:39:20 PM

Quote from: sana54210 on August 10, 2021, 02:52:38 PM

Quote from: Silberman on August 08, 2021, 01:51:36 PM

Personally I'm just happy that the price is holding its own above the 40k level, we spent a lot of time below that level and many people began to become very bearish thinking that the market was not going to recover for years, but I'm glad that we are above that level after just a few months, however I do not really think that the price is going to skyrocket until we get close to the end of the year as the hype at that moment is going to be at the highest and the whales are going to take advantage of this and manipulate the market so they can earn even more money at the expense of newbies.

That's what I am feeling right now, I am happy that it is staying above 40k. I do not need to see it over 60k again, that is not really a priority for me because I do not care about that, but I do care about the fact that price is staying above 40k.

People need to realize that holding above 40k means a lot, and if it stays above 40k that makes the 40k+ period longer and longer, 1 day staying here means more days later on. Why is that? Because more and more people withdraw their selling price at top and add in a lot more buying at lower prices and that makes it harder to drop the price, that is a great thing and the wall building under the 40k level grows every single day, the more it grows the better it will be for all of us. I personally like not dropping more than I like going up because as long as price stays high, that means only direction will be either staying or going up, that is a lot more important.

I have in fact the very same thought process, people are always concentrating themselves on the price going up and I get it because who doesn't want their assets in which they invested to go up in value, however it is way more important to stay above the resistance level and the reason behind this is that it is widely known that once you surpass a level like that then it becomes the new floor for the price, so I do not really expect the price of bitcoin to go below this level, which means that there is only one direction the price can go and that is up.

the market is a little fluctuating today, some other altcoins are down a few percent, now holding between $43,000 - $44,000. previously yesterday had penetrated $ 46,000. can tomorrow be bullish again? for this I have a hard time predicting, for this week's closing price to what price I can't be sure.

LUCKMCFLY

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The current stage of BTC is somewhat bullish, of course it is normal for some corrections to occur, but those are necessary corrections for many whales, traders and investors to buy, as well as an opportunity for those who like to buy alts, the direction of BTC targets $ 50k, for now in the short term this analysis shows the following:

Quote

Over the past night, the pair recovered to the resistance of $46,000 and, today, the bulls might try to continue their run to the level of $47,745. A new monthly high should be expected around $48,000.

Bitcoin is trading at $46,467 at press time.

Source: https://u.today/btc-eth-and-xrp-price-analysis-for-august-11

As the trend is merely bullish in the short term, it is a good opportunity to buy, however, we must not rule out that a bearish attack can happen, in my personal opinion in case BTC falls in price it would be ideal to leave it in HODL mode, since BTC is a safe investment.

justdimin

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Quote from: rodskee on August 11, 2021, 07:40:39 AM

Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

It did broken that 45,000 level but stagnant on that price for week now. assuming that the price will hit 50k then what is the next resistance 55k? but yes if this 55k will be taken then surely we will make another run from ATH of 64,000

I was in profit even at 28k, I bought a lot earlier during April 2020 a bit after it crashed, and I kept buying so it increased eventually but I am still around 10k purchasing average, so I am not doing bad at all. However I am not going to sell, nor I am getting excited about more and more profit right now. Not everyone who doesn't sell means that they believe it will be 100k soon, I do not think that we will see 100k at least another year or so, but I am still not selling nor doing anything.

The only reason I am not is I belong to few people who are called "long term investors", I am sure you heard of us, we are not "greedy" about the price going up, we do not have any rush, we believe in bitcoin and in general crypto and we think it will certainly be 100k or 200k or even a million dollars and we do not have any rush to see that happen, I can wait 10 years if required, it is fine.

Silberman

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Quote from: sana54210 on August 10, 2021, 02:52:38 PM

Quote from: Silberman on August 08, 2021, 01:51:36 PM

Personally I'm just happy that the price is holding its own above the 40k level, we spent a lot of time below that level and many people began to become very bearish thinking that the market was not going to recover for years, but I'm glad that we are above that level after just a few months, however I do not really think that the price is going to skyrocket until we get close to the end of the year as the hype at that moment is going to be at the highest and the whales are going to take advantage of this and manipulate the market so they can earn even more money at the expense of newbies.

That's what I am feeling right now, I am happy that it is staying above 40k. I do not need to see it over 60k again, that is not really a priority for me because I do not care about that, but I do care about the fact that price is staying above 40k.

People need to realize that holding above 40k means a lot, and if it stays above 40k that makes the 40k+ period longer and longer, 1 day staying here means more days later on. Why is that? Because more and more people withdraw their selling price at top and add in a lot more buying at lower prices and that makes it harder to drop the price, that is a great thing and the wall building under the 40k level grows every single day, the more it grows the better it will be for all of us. I personally like not dropping more than I like going up because as long as price stays high, that means only direction will be either staying or going up, that is a lot more important.

I have in fact the very same thought process, people are always concentrating themselves on the price going up and I get it because who doesn't want their assets in which they invested to go up in value, however it is way more important to stay above the resistance level and the reason behind this is that it is widely known that once you surpass a level like that then it becomes the new floor for the price, so I do not really expect the price of bitcoin to go below this level, which means that there is only one direction the price can go and that is up.

STT

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Its very positive action at the moment, above 12hr and 2 day moving average and staying above those measures despite tests. 12hr is just a trading measure yet its stayed above for a while now and sooner or later the price must rest some, the true test is within the slight sells that occur and we can judge how strong the move is by that I think.

Larger picture I would guess its relative to the 200 day average and we are right on that also hence we are within some slight hesitant action is my take. Any big price in my consideration has a magnetism to it that can attract and repel us and thats still smaller then the larger picture but has influence in trading terms. It might be enough that traders sell off some, take profits and we realize some lower price, to me thats a normal process that comes within each wave on a chart.

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

It did broken that 45,000 level but stagnant on that price for week now. assuming that the price will hit 50k then what is the next resistance 55k? but yes if this 55k will be taken then surely we will make another run from ATH of 64,000

Quote from: Yaunfitda on August 10, 2021, 06:07:52 PM

^^ Actually we have this super fast rally late last year.

And we all know that we have this 4 year cycle, and since bitcoin is still fairly young, we hold this theory. But as we grow, this 4 year cycle might be replace by this so called "super cycle", maybe we can see 2 super cycles or just one super cycles, in my opinion.

Yes , but whatever cycle it may be , hoping that another ATH will come as i am waiting for my profit to be on hand.

ipanks

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Quote from: rahmatrf331 on August 10, 2021, 10:56:13 AM

Quote from: ipanks on August 10, 2021, 06:16:03 AM

Many of us are happy to see bitcoin move today because the price can back to $46k. After the price dropped to $43k a few days ago, the price can now have more support and increased. Hopefully, the market will get more time to grow and back to $50k because sooner or later, the price will be back to the last ATH and will make a second ATH this year. But to go to that new ATH, bitcoin needs to attract more investors and convince them that bitcoin price will rise so high in the future.

the rise in the price of bitcoin is starting to cheer up all investors. many regret this time those who always say the price of bitcoin will again dump and will fall to the price of $ 30,000. but the fact is now the price has penetrated $ 45,000. I myself am very happy with the increase in the price of bitcoin now, because there are many advantages that are obtained with current market conditions.

Not just cheer up all investors but that makes many of them become greedy and wanting to take bigger profit. If they can calculate how much their profit is, they will know when they need to sell their bitcoin and what price they should place an order to sell. Otherwise, they will only hold it without knowing when they need to sell their bitcoin. It is okay if they decide not to sell below $100k and still hold for the long term.

rincoeng1986

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Quote from: Hippocrypto on August 10, 2021, 07:34:35 PM

Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

The market on my own visionary right now was doing great and I couldn't say a negative outlook while it kept on having positive uptrend. Despite of little glitches of price fluctuations, volatility minimized after $45k had been surpassed lately. Let's embrace the reality, that all possible things happens with a purpose and everyday is a great surprise.

whether to be surprised at the growth now, I don't think it is necessary. some analysis has been conveyed maybe in the next few weeks bitcoin will break 45k and the fact is now it has been raised at 45k. I think a precise estimate and the analysis is not too ambiguous.
they say btc will hit 50k in the near future, i assume the same.

Hippocrypto

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

The market on my own visionary right now was doing great and I couldn't say a negative outlook while it kept on having positive uptrend. Despite of little glitches of price fluctuations, volatility minimized after $45k had been surpassed lately. Let's embrace the reality, that all possible things happens with a purpose and everyday is a great surprise.

Kusman

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I'm looking really positive to the market now. This huge increase helped us the investors a lot. I'm content about my investments now. And I like that Bitcoin affects the other cryptocurrencies in the same way when it increases. Nearly every kind of investors are making a really nice amount of money now. And I expect the price to go over $50k in a short time period.

Yaunfitda

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^^ Actually we have this super fast rally late last year.

And we all know that we have this 4 year cycle, and since bitcoin is still fairly young, we hold this theory. But as we grow, this 4 year cycle might be replace by this so called "super cycle", maybe we can see 2 super cycles or just one super cycles, in my opinion.

aoluain

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Quote from: huu78 on August 10, 2021, 03:04:33 PM

The bull market is not over until the end of the year, I believe the 4 year cycle of btc is still valid until next december. If only btc was not hit by fud from elon and china maybe today we see btc is at $60k.

The Bull market could very well continue on after the end of this year, there is a
theory we are going into a "Supercycle" or we are currently in that cycle, this is according
to Dan Held who described it in late 2020/early 2021.

This article on the Medium site from February is the most bullish article I have
read in a long time. OK its from earlier in the year when Bitcoin was on a roll
but the reasons are still the same now as they were then.

https://medium.com/the-capital/are-we-in-a-bitcoin-supercycle-941f664852e4

Quote

Will bitcoin see a pullback this time?

The uniqueness of this market cycle cannot be ignored.
There’s zero guarantee that bitcoin sees a volatile, yet parabolic rise to $1 million and beyond.

But, it’s difficult to see bitcoin pulling back in ways that it has in the past. This is largely due to a mainstreaming of bitcoin as a store of value.

Quote

The 2017–2018 cycle was marred by the fallout of the ICO craze. This was its own unique stress test that took nearly up until the recent cycle to recover from.

InvoKing

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Quote from: huu78 on August 10, 2021, 03:04:33 PM

The bull market is not over until the end of the year, I believe the 4 year cycle of btc is still valid until next december. If only btc was not hit by fud from elon and china maybe today we see btc is at $60k.

Maybe big companies are willing to join the race at a lower price that is why the price dropped lately? China is pushing its digital money that is why it is attacking bitcoin.

huu78

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The bull market is not over until the end of the year, I believe the 4 year cycle of btc is still valid until next december. If only btc was not hit by fud from elon and china maybe today we see btc is at $60k.

sana54210

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Quote from: Silberman on August 08, 2021, 01:51:36 PM

Personally I'm just happy that the price is holding its own above the 40k level, we spent a lot of time below that level and many people began to become very bearish thinking that the market was not going to recover for years, but I'm glad that we are above that level after just a few months, however I do not really think that the price is going to skyrocket until we get close to the end of the year as the hype at that moment is going to be at the highest and the whales are going to take advantage of this and manipulate the market so they can earn even more money at the expense of newbies.

That's what I am feeling right now, I am happy that it is staying above 40k. I do not need to see it over 60k again, that is not really a priority for me because I do not care about that, but I do care about the fact that price is staying above 40k.

People need to realize that holding above 40k means a lot, and if it stays above 40k that makes the 40k+ period longer and longer, 1 day staying here means more days later on. Why is that? Because more and more people withdraw their selling price at top and add in a lot more buying at lower prices and that makes it harder to drop the price, that is a great thing and the wall building under the 40k level grows every single day, the more it grows the better it will be for all of us. I personally like not dropping more than I like going up because as long as price stays high, that means only direction will be either staying or going up, that is a lot more important.

rahmatrf331

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https://i.imgur.com/3fXQC4m.png

Quote from: ipanks on August 10, 2021, 06:16:03 AM

Many of us are happy to see bitcoin move today because the price can back to $46k. After the price dropped to $43k a few days ago, the price can now have more support and increased. Hopefully, the market will get more time to grow and back to $50k because sooner or later, the price will be back to the last ATH and will make a second ATH this year. But to go to that new ATH, bitcoin needs to attract more investors and convince them that bitcoin price will rise so high in the future.

the rise in the price of bitcoin is starting to cheer up all investors. many regret this time those who always say the price of bitcoin will again dump and will fall to the price of $ 30,000. but the fact is now the price has penetrated $ 45,000. I myself am very happy with the increase in the price of bitcoin now, because there are many advantages that are obtained with current market conditions.

ipanks

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Activity: 1610

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Many of us are happy to see bitcoin move today because the price can back to $46k. After the price dropped to $43k a few days ago, the price can now have more support and increased. Hopefully, the market will get more time to grow and back to $50k because sooner or later, the price will be back to the last ATH and will make a second ATH this year. But to go to that new ATH, bitcoin needs to attract more investors and convince them that bitcoin price will rise so high in the future.

Silberman

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

Personally I'm just happy that the price is holding its own above the 40k level, we spent a lot of time below that level and many people began to become very bearish thinking that the market was not going to recover for years, but I'm glad that we are above that level after just a few months, however I do not really think that the price is going to skyrocket until we get close to the end of the year as the hype at that moment is going to be at the highest and the whales are going to take advantage of this and manipulate the market so they can earn even more money at the expense of newbies.

Rasa nanas

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it's the weekend and the bitcoin price has reached $44k. I see this price increase is a normal price increase that happens all the time and I don't see this price increase as a sign of a bull market. this price movement will not deliver bitcoin to yesterday's ATH price let alone to pass it.

Koro-Sensei

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

An linearly trend happened last week and it almost cross the $42K mark. A healthy correction happened which pulled BTC down back to 38K area and bounces back again to $44K which I believe could breakout again to 50K. I believe this bull run could be strong than what happened before and could potentially surpass the all time high within a year.

Quote from: Xinarae* on August 05, 2021, 03:42:19 AM

It is not possible to predict the price of bitcoin but if you have faith in bitcoin you can invest and hold on. Bitcoin is a very strong currency in the crypto market and its price goes down but it goes up to have high reassurance these months of bitcoin could be much better and the price may go up further by the end of this year.

Yeah we can't predict but we can determine its price range using the current trend and bullishness analysis by charts and experts.

traderethereum

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Quote from: ?? on ??

The market is just awesome now. It's like we are in another bull market but I don't want to be so sure about it also. This could be a very nice rally and end soon either. But for now, I'm just enjoying the view. The market is full of green graphs. Bitcoin is crushing the resistance levels and continuing on its way. It's reached $44.5k already.

Yes, it is a surprise because, finally, the price can rise above after staying below $40k for a few weeks.
Hopefully, after this, the bitcoin price will still rise and back to $50k or even $64k.
We are waiting for this time because I think some of us have a target price to sell at the current price so if you are one of them, enjoy your profit and leave the market for a while.
But if you still wait for the next highest price, you can do that meanwhile, enjoying this moment without doing anything can be good for you.

SquallLeonhart

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Quote from: Boov on August 07, 2021, 06:35:15 PM

The current market was too unpredictable, it feels so good to see how green signals accumulating lately as I woke up this after deep sleep. The strong resistance has yet to come, but I've seen more positive thoughts became an overwhelming perspectives that everyone is looking right now. Hopefully this price that we experienced recently will be continuously rolling out, and survive to last until $50k or much bigger.

For me, it seems highly predictable Cheesy

. As it seems bitcoin market has already entered into bullish mode, I speculate we can have a new ATH in any time soon which might be quicker than what bitcoin took to test $64k from $40k in previous round. I mean this time that we might have more stronger bull run than what we had in the beginning months of this year.

As of now bitcoin is slowly testing its resistance levels around $45k levels and if it is able to sustain around it for a while then we can expect it will test $50k levels in very quicker manner. Let's wait how this weekend is going to surprise us in next few hours.

Boov

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

The current market was too unpredictable, it feels so good to see how green signals accumulating lately as I woke up this after deep sleep. The strong resistance has yet to come, but I've seen more positive thoughts became an overwhelming perspectives that everyone is looking right now. Hopefully this price that we experienced recently will be continuously rolling out, and survive to last until $50k or much bigger.

slaman29

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Quote from: jaberwock on August 04, 2021, 06:02:27 AM

Quote from: slaman29 on August 04, 2021, 03:19:06 AM

It's always a good entry for Bitcoin, at whatever the price is, because you always get a good average if you keep regular buying. The only difference is the wait.

Yeah, only those who are dare to wait, now enjoying massive profits. So, patience will pay ALWAYS. Keep buying whenever there are some funds available and keep holding all those bitcoins will definitely make any investor rich for sure.

It's not even really so daring to wait these days:) Daring was those who bought in 2017 near 20k and still held on for dear life until March last year when they lost over 80% of their value for BTC;)

Patience definitely pays, but I would not promise it's always going to be true. It's my personal belief, but I know that anything is still possible, including zero dollar price:)

rahmatrf331

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

my view of the current price of whales, whales are still sleeping soundly, while anchovies continue to break into the sleeping whales, is it possible that whales can wake up because of anchovy crashes, I'm impossible.
bitcoin is not yet the time to move bro, so small investors are patiently waking the whales from sleep.

Taskford

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Quote from: lienfaye on August 05, 2021, 06:20:25 AM

Quote from: Yaunfitda on August 05, 2021, 06:04:11 AM

And so far as the price breaks $40k and then goes down again is an indication that we might be in for another sideways pattern in the $37k-$39k region, it's not that bad as we still have the last quarter push to get to new all time high of $70k or at least a 6 digit which everyone is betting that it could happen.

Its not an unusual scenario seeing the price of bitcoin turning ups and down. When the price touch $40k again, some investors are probably take advantage the situation to take profit thats why it didnt last long.

Well we are still in the second month of the third quarter thus there are many things that can happen that can affect not only btc but the crypto in general.

Another bullish market is about to happen in the future and im optimistic that it might happen before this year end thus instead of thinking of the current price I am more focus on what lies ahead.

If whales bought at $30k dollars level then its good time to secure them when bitcoin price soar up to $40k since they actually secure a lot of money by dumping at that level. Maybe we can see them waiting up for another opportunity so we need to be watchful on the scene if we want to ride up to the current market condition.

For sure another bullish season will happen in future and if you look at the history you can see it this happen after the halving.

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Quote from: Yaunfitda on August 05, 2021, 06:04:11 AM

And so far as the price breaks $40k and then goes down again is an indication that we might be in for another sideways pattern in the $37k-$39k region, it's not that bad as we still have the last quarter push to get to new all time high of $70k or at least a 6 digit which everyone is betting that it could happen.

Its not an unusual scenario seeing the price of bitcoin turning ups and down. When the price touch $40k again, some investors are probably take advantage the situation to take profit thats why it didnt last long.

Well we are still in the second month of the third quarter thus there are many things that can happen that can affect not only btc but the crypto in general.

Another bullish market is about to happen in the future and im optimistic that it might happen before this year end thus instead of thinking of the current price I am more focus on what lies ahead.

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Quote from: Xinarae* on August 05, 2021, 03:42:19 AM

It is not possible to predict the price of bitcoin but if you have faith in bitcoin you can invest and hold on. Bitcoin is a very strong currency in the crypto market and its price goes down but it goes up to have high reassurance these months of bitcoin could be much better and the price may go up further by the end of this year.

Of course, everyone knows that we can't really predict the price movement, but what we are doing is trying to make a wild educated guess base on TA.

And so far as the price breaks $40k and then goes down again is an indication that we might be in for another sideways pattern in the $37k-$39k region, it's not that bad as we still have the last quarter push to get to new all time high of $70k or at least a 6 digit which everyone is betting that it could happen.

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It is not possible to predict the price of bitcoin but if you have faith in bitcoin you can invest and hold on. Bitcoin is a very strong currency in the crypto market and its price goes down but it goes up to have high reassurance these months of bitcoin could be much better and the price may go up further by the end of this year.

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Quote from: AmoreJaz on August 02, 2021, 07:46:24 PM

this kind of speculation if you have high assurance that it will happen, this will be good if you can bet like in freebitco, the odds are really high. just to give an example, if you feel that the btc price will fall at the range of 40,001-42,500 at the end of this month -the odds is at 7.34.

Good idea. What is the name of the game? Weekly betting BTC price event? I hope it is free since I am not an expert in predicting price. I will join it for fun, let's see if I can bet the Bitcoin price accurately or not. If it should spend some money, I think I will join it later because it should need more skills in predicting price, not rely on luck only. Anyway, have you ever won it, bro?

Reid

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We've seen this before.
It sways up at large proportions then it stayed at a short range for a long time.
I think this is it again. $38-43k could be its moving price and if we could still make money out of that short-range movement then it's cool.
There is no recent big news outside that could trigger a hype leading to unexplained movements. Plus, NFT are still intact unlike how ICO cooled down before after a year. I guess we won't be seeing that $60k again for a long period of time.

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Quote from: Zicadis on August 03, 2021, 12:33:38 PM

being between 40-37K is not a sign of weakness.

Heck, for the past months BTC stabilised around 30K which makes it possible that this Christmas will be a good time for HODLers. To my view, the markets are looking positive, wouldn't you agree?

Yeah, it's a sign of lack of momentum yes, but I'd say it's more of a sign of weakness from the bears that they haven't been able to hold back renewed pushes to overcome this, while 200MA keeps rising.

It's definitely a positive outlook for the medium term, and if somehow the market gains steam before August is out, then the promised land of 100k beckons still in 2021.

Quote from: Macadonian on August 03, 2021, 01:47:12 PM

Before the end of the year a new ATH will be established watch this space

Don't doubt that. But whether it's 70k or 100k, that is the question for me;)

imstillthebest

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i have read a thread last day and the guy said that there will be no movements in btc for the next 10 days .
theres only two outcome and that is he can be correct and you can be wrong or you can be right and he can be wrong .
theres no hard feelings anyway because thats only a short term expectation but for the long term i always believe that btc will bypass those numbers presented here and $100k is going to be achived .

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.

But right now trading below $38k levels and after testing support levels around $37k levels, we may expect to test it next biggest resistance levels around $45k which may happen by this weekend. These days bitcoin moves 5-7% more frequently hence at any time we may see bitcoin to be testing $50k levels if there would be no significant negative news around.

Quote from: slaman29 on August 04, 2021, 03:19:06 AM

It's always a good entry for Bitcoin, at whatever the price is, because you always get a good average if you keep regular buying. The only difference is the wait.

Yeah, only those who are dare to wait, now enjoying massive profits. So, patience will pay ALWAYS. Keep buying whenever there are some funds available and keep holding all those bitcoins will definitely make any investor rich for sure.

slaman29

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Quote from: ?? on ??

The market is currently at the level of $38k+, although it has decreased from $42K.. of course, it doesn't rule out the possibility that it will pump again afterward, I think this is the right time for a new entry in investing.

Yeah, tell us something we don't know, guy:) It's always a good entry for Bitcoin, at whatever the price is, because you always get a good average if you keep regular buying. The only difference is the wait. If you are "unlucky" to buy at the peak, then you simply added on a few years to your wait. That's all.

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Quote from: ?? on ??

let's be careful because potential panic buying or panic selling might going to exist if emotions can't be controlled.

Instead, I expect many people to panic sell so I can get another chance to buy at a low price. Currently, we are still in the middle of the year, the final round will start at the end of the year, so every drop today is a golden opportunity to buy more

BIN-BIN

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The fact that bitcoin is still trading below $40k show how strong the resistance force is against bitcoin in the $40k region for almost four trading days bitcoin has relied on around $38k to $41k price region with strong resistance around the $38k to $39k region this price proven
further how volatile and unpredictable the market is. Institutional investors are now pulling profits out of Bitcoin at the current price and reinvesting in altcoins

slowlyslowly

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

bitcoin at times (always?) has manipulators in it. Based on what i have seen from some other big drops I do not think we have finished with $30,000 or even a lot lower figure and the $30,000 - $40,000 is just game paying and it will go down below $30,000 and then will stay there a while (several months?) give or take $3000-$5000 and then start to move off and at some point 2 years? the newbies will rush back in and take it quickly past $100,000. So to me even at $40,000 its a good price to buy but the majority of your money you have +spare+ you should hold off a few months as you could get twice as many satoshis for the same amount of fiat.

(not financial advice) Cheesy

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Quote from: ?? on ??

The market is currently at the level of $38k+, although it has decreased from $42K.. of course, it doesn't rule out the possibility that it will pump again afterward, I think this is the right time for a new entry in investing.

But do not use the money you are not ready to lose because we do not know if the price will still be like this or it will go down to the low price because I see the chance to go down and reach $37k is there. It is just a correction that always happens with the price so after this, we will see the price bounce to the high price and that will break $40k. In the future, the price will reach $60k and even more, so we still have a chance to accumulate more bitcoin from now.

Wawa2013

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Quote from: ?? on ??

The market is currently at the level of $38k+, although it has decreased from $42K.. of course, it doesn't rule out the possibility that it will pump again afterward, I think this is the right time for a new entry in investing.

As I have often said before that Bitcoin movements are difficult to predict, so who would have thought that after the price of Bitcoin rose to reach
the price of $42k, now it fell again to the price of $38k. But there's no need to panic to see Bitcoin's price drop right now, because it managed to rise
past the $40k resistance. That means Bitcoin is already making progress, where previously it always failed to rise above $40k in price. So I believe
the price of Bitcoin will soon go up again, then don't miss the opportunity to buy more Bitcoin, or for those who have not invested in Bitcoin, this is
the right time to enter the market.

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I don't take loans, ask for sig if I ever do.

It's pretty positive imo. Hovering over the 38-39k range right now, it was rather expected that it would move up after weeks of hovering around the 30k range or so. People who were able to enter at the 30k range should be quite happy right now with how much it increased. It has went down from the peak of 41k or so to what it is right now, but I'd still consider this to be quite a welcome price range imo. I'd reckon we'd see another wave of the price hovering around this range, maybe 40 - 44k for a couple more weeks before more movement could be seen.

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Quote from: buwaytress on August 03, 2021, 09:01:59 AM

Quote from: adaseb on August 02, 2021, 10:52:40 PM

There are some people that are very bullish lately. Don't know if you guys follow options trading on Deribit but someone opened 2000 Calls with a $140000-$200000 options spread. Now for those that don't know. This is called a bull spread. What a bull spread does it makes the call option cheaper but limits the max amount of profit. So the $140K calls cost 0.02BTC while $200K calls cost 0.01BTC with year end expiry.

So somebody bought 2000 of the $140K calls for 0.02BTC and sold 2000 of the $200K calls for 0.01BTC. And their overall cost was 0.01BTC for the $140K calls. Now obviously bitcoin doesn't need to go to $140K+ for the option to make money, it just needs to start moving up way before year end and its premium will increase. So if BTC goes to like $50K in the next week, most likely this options premium will go up 50% or so.

Since 0.01BTC was the net cost, at $400 an contract, they spent $800,000 just to perform this trade. Wonder how it will pay off.

I won't pretend to fully understand how all these derivatives work but yeah, actually, bullish bets have been increasing, not decreasing since April. There is a bookie bet on BTC being above 100k price at Christmas which only pays out 1.01... 1 per cent! But there were already 150+ takers. So these are guys so confident of Bitcoin they are willing to hodl til Christmas and get it back only at 1 per cent profit. That's of course because they will have made much more on dollar appreciation.

Moves the last week are positive even now below 40k but the sense that something is coming gets a wee bit stronger every day.

A strong sentiment for BTC not too distant future is there, even with this latest rally to over 40K people held a strong sense of growth and with current prices

being between 40-37K is not a sign of weakness.

Heck, for the past months BTC stabilised around 30K which makes it possible that this Christmas will be a good time for HODLers. To my view, the markets are looking positive, wouldn't you agree?

Kong Hey Pakboy

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It's hard to predict what's going to happen next but I think that it's kind of strange that the prices are going strong even though the month is a bit in the middle and I feel like at this time around, the prices should be going down or at least not rallying high.

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Some analyzes may be correct, but some still cannot say with absolute certainty and accuracy. So for us to be careful and hold it much better, even though seeing the price now it is still in a stage that is so difficult to predict. In order to avoid things that will become increasingly unmanageable in the future, we will still maintain it for a longer period of time. Bitcoin still has a long way to go and it would be too soon to let it go.

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

But unfortunately, the price is going down deeper than before, which touches $37k and back to $38k again. $45k still be the support but I do not know when the price will hit that price because the downtrend can still stay at the current price for some time. It could happen at the end of this week or even in the next weeks. But still, the market is at a good move because the price can bounce to $38k after reaching the lowest price. Hopefully, $37k is the lowest price for this week and after this, the price really touches $45k.

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Quote from: adaseb on August 02, 2021, 10:52:40 PM

There are some people that are very bullish lately. Don't know if you guys follow options trading on Deribit but someone opened 2000 Calls with a $140000-$200000 options spread. Now for those that don't know. This is called a bull spread. What a bull spread does it makes the call option cheaper but limits the max amount of profit. So the $140K calls cost 0.02BTC while $200K calls cost 0.01BTC with year end expiry.

So somebody bought 2000 of the $140K calls for 0.02BTC and sold 2000 of the $200K calls for 0.01BTC. And their overall cost was 0.01BTC for the $140K calls. Now obviously bitcoin doesn't need to go to $140K+ for the option to make money, it just needs to start moving up way before year end and its premium will increase. So if BTC goes to like $50K in the next week, most likely this options premium will go up 50% or so.

Since 0.01BTC was the net cost, at $400 an contract, they spent $800,000 just to perform this trade. Wonder how it will pay off.

I won't pretend to fully understand how all these derivatives work but yeah, actually, bullish bets have been increasing, not decreasing since April. There is a bookie bet on BTC being above 100k price at Christmas which only pays out 1.01... 1 per cent! But there were already 150+ takers. So these are guys so confident of Bitcoin they are willing to hodl til Christmas and get it back only at 1 per cent profit. That's of course because they will have made much more on dollar appreciation.

Moves the last week are positive even now below 40k but the sense that something is coming gets a wee bit stronger every day.

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In this view, I agree. I think there will be bullish in the next few weeks. But today the price of bitcoin has decreased slightly at $38K. I hope today's decline is a temporary correction that will bounce the chart up

bitcoin has started to decline a bit, what the hell is this? is bitcoin going to continue to fall, what makes bitcoin go down.
looks like we can see from $43,000 now to $38,000. So a decrease of $5,000 in a week or is this just a correction, I'm worried about the rumors that will come in the future, I expect bitcoin to go up again.

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Quote from: crwth on August 03, 2021, 02:02:29 AM

As someone who is bullish in every way in BTC, I believe that Bitcoin will go up higher in the long run. If you can check the trading chart of it for the past few months, it does show a hold of price in the range that we are in now. If we can break the resistance again around ~$42k, we can go even higher, TBH. I can't wait to see the upcoming price increase with this. Hopefully, every one of us can rise with this.

I think if we ignore the high of 63k, actually every pullback has not been so dangerous either. Support holds well, and even when it did break (30k support) it didn't even go more than 5% below and recovered very well everyt ime since.

Now this week is really important because we failed 40k BUT sellers finding it so hard to break 38k. Another weekend to look forward to if we maintain this sideways now.

pooya87

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There is a good upward momentum right now and this reverse bubble is finally deflating as price keeps going up but unfortunately there is still a lot of butthurt traders who lost a lot of money shorting bitcoin and going against the market who keep insisting on selling bitcoin and pulling its price down even though they keep losing more money trying to do so. Consequently the rise becomes a struggle as we see today.

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As someone who is bullish in every way in BTC, I believe that Bitcoin will go up higher in the long run. If you can check the trading chart of it for the past few months, it does show a hold of price in the range that we are in now. If we can break the resistance again around ~$42k, we can go even higher, TBH. I can't wait to see the upcoming price increase with this. Hopefully, every one of us can rise with this.

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Quote from: bosede1 on August 02, 2021, 12:09:53 PM

I am with you on this view that it is time to see bitcoin on the bullish move again, so as to prove against all odds that have happened in the second quarter of the year.

It's good that we are on the positive outlook on bitcoin right now although I feel like with a change in our outlook, the market will eventually change in proportion to how we look at the market, I mean this period in years in the past is pretty much on the red but it's a different time now.

adaseb

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There are some people that are very bullish lately. Don't know if you guys follow options trading on Deribit but someone opened 2000 Calls with a $140000-$200000 options spread. Now for those that don't know. This is called a bull spread. What a bull spread does it makes the call option cheaper but limits the max amount of profit. So the $140K calls cost 0.02BTC while $200K calls cost 0.01BTC with year end expiry.

So somebody bought 2000 of the $140K calls for 0.02BTC and sold 2000 of the $200K calls for 0.01BTC. And their overall cost was 0.01BTC for the $140K calls. Now obviously bitcoin doesn't need to go to $140K+ for the option to make money, it just needs to start moving up way before year end and its premium will increase. So if BTC goes to like $50K in the next week, most likely this options premium will go up 50% or so.

Since 0.01BTC was the net cost, at $400 an contract, they spent $800,000 just to perform this trade. Wonder how it will pay off.

Dave1

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

I'm still bullish with regards to the market movement, we did went as high as $42k, but it seems we have some minor dip to ~$40k. But it doesn't mean that we are not in the bullish phase though, maybe some traders have sold out to take profits, simply as that.

And I speculate that we might be heading to $45k at the end of the month. We have many days to accomplish it and it is doable as the sentiments is bullish.

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

market conditions are silent this indicates something will happen in the next few days. so get ready for the next move, will bitcoin go up or bitcoin will fall again at the $30,000 level.
I expect bitcoin to rise again and possibly break $45,000.

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Quote from: Luqman on August 02, 2021, 07:40:25 PM

Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.

I don't think it will be true, the Bitcoin price looks like decreasing. I only expect that Bitcoin can survive above $40k, then it will try to break $45k in the next week. As we know that the price movement of Bitcoin didn't very quickly as the previous uptrend season. We already saw the Bitcoin price move is quite significantly last week. So, this week, I think the Bitcoin price will be a bit stable around $39k - $42k. It is probably to happen for some days.

this kind of speculation if you have high assurance that it will happen, this will be good if you can bet like in freebitco, the odds are really high. just to give an example, if you feel that the btc price will fall at the range of 40,001-42,500 at the end of this month -the odds is at 7.34. so if you are a gambler and you feel that you know the price range of btc, this will be a very good activity to test your instincts in the market. that is, if you are also a gambler, if not, be content of observing the market trend.

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.

I don't think it will be true, the Bitcoin price looks like decreasing. I only expect that Bitcoin can survive above $40k, then it will try to break $45k in the next week. As we know that the price movement of Bitcoin didn't very quickly as the previous uptrend season. We already saw the Bitcoin price move is quite significantly last week. So, this week, I think the Bitcoin price will be a bit stable around $39k - $42k. It is probably to happen for some days.

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

Before that happens we may experience slight down turns before $45k is going to break. For now let's keep our eyes on the market, we don't know some triggers will exist then rapidly attracts a huge bounce which we never expected to occur this week. The momentum is now buildinh it's strong pillas, so we must be aware on that certain scenario.

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Quote from: Slow death on August 02, 2021, 02:25:36 PM

Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

-snip-

The bitcoin price is lagging between $40k +/- $1k most of the time lately with few gains for traders. I expected it to stabilise above $40k for at least a week or more before moving again, well to the top and not under this barrier.
I am a little bit worried too about seeing it dropping to $37k or lower, such price shouldn't be seen anymore honestly!

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Quote from: Beparanf on August 02, 2021, 12:53:33 PM

This whole bounce back on the price was due to the Amazon news which already denied by the Amazon itself, so I'm afraid that bulls already steam and there's no solid news to backup this pump anymore. I'm still watching on the price but maintaining below 40K until weekends is not a good sign.

That news is enough to keep bitcoin up there above $40k and it will keep selling around it , dropping to $39k and back above it until a major news come to get it to break $42,000. Bitcoin has a record of staying around ranging and waiting, this is what we may witnessed this time. But surprisly, bitcoin has stumbled up again against the odds on it to drop and collapse just like the 2017 and 2018 period.

Slow death

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Quote from: BIN-BIN on August 02, 2021, 12:01:58 PM

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

the bitcoin price still hasn't broken the $42200 so I still think we're in a dangerous zone because if the price doesn't break the $42200 and stay for a long time in this $39000 zone then the price could drop to $37000 and then could drop to 34000$ to 32000$. we could only be happy when the price rises above $43000 and then start the race to $60,000 over the next few months.

Quote from: bosede1 on August 02, 2021, 12:09:53 PM

I am with you on this view that it is time to see bitcoin on the bullish move again, so as to prove against all odds that have happened in the second quarter of the year.

I still think that $39,000 is still not very convincing that it couldn't go down too much, if it were at least above $42200 we could see the price go up a lot and it would be stable at support above $44000

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Still not good because the price seems rejected at 43K level for so many times and everytime it touch, The price having a massive pull back. That resistance is very strong which is giving a threat to Bitcoin for another downtrend. This whole bounce back on the price was due to the Amazon news which already denied by the Amazon itself, so I'm afraid that bulls already steam and there's no solid news to backup this pump anymore. I'm still watching on the price but maintaining below 40K until weekends is not a good sign.

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For now we can't tell what's the exact value of bitcoin where it will stay for the new support level and how long the bullish will last because at this moment it's still making correction, indeed so far i don't see any reason for bitcoin to collaps again as its very steady at the current situation.. Perhaps we need to wait for more results because it seems the correction is just getting started wherein for sure it will take time again like what always happen.

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I am with you on this view that it is time to see bitcoin on the bullish move again, so as to prove against all odds that have happened in the second quarter of the year.

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This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

Topic: Bitcoin current stage and price (Read 724 times)