Bitcoin has not experienced a sideways yet, but if it is a sideways and not a correction,
then the correction will come after sideways, I still hope for a correction,
because an increase without correction will be very valuable if the Bitcoin price is still at $ 18000.
Topic: Bitcoin is moving sideways for day, Where to from here? - page 2. (Read 640 times)
Another thing to watch imho is the breakouts from the 20k levels, if an ATH formed then definitely BTC stories will explode, an interesting moments for crypto's, a weekly chart Higher High possible target at 160k
that is easier said than done. also breaking the previous ATH is not the important part, forming a stable and strong support level above the previous ATH is the important thing to keep an eye on.
what we most probably will have is breaking the previous ATH followed by a lot of spread out panic sells and panic buys that could bring the price up and down around that ATH level multiple times before we go above it and stay there.
Are you expecting that the price of the bitcoin will increase just like a straight line? If you are expecting that then you are wrong because consolidation is a matter and for me it is healthy to see the price of the bitcoin will stop in the moment and create a shallow higher lows. I do not know if the price of the bitcoin will go correction first before it finally pierce the $20K or it will beat first the $20K before it pullback and create a swing low.
A massive drop in January??? BTC is always considered as a extreme volatile coin so anything is possible due to it's uncertainty, also there are only two sides of crypto Market one is pump and dump. As of now just enjoy the price and plan accordingly, no one is judge here every one will just share their opinion nothing more and yes this is not the right time to buy that's for sure.
Almost from 19000$ to now 18300$ so we are seeing some pressure on bitcoin prices. But will it continue or will it bounce back from here. Also we have an opportunity to buy since it has fallen and might be we can make some profits as if it crosses 19k then might be easily reaching 20k too. Will holders panic with this fall or will we see more buying in dips?
"We all know bitcoin has been moving between 17000 and 19000" is a bit of a nonsense statement. It has only moved into this range over the last week or so, and was languishing below that price for years. Some people show a total lack of patience and a disconnect from what has actually been achieved in such a short time period already. I have to feel it is partly driven by greed and inexperience, do you expect the price to jump by $1,000 every day into the future? No, that's just silly. The general trend is upwards and you should be happy with that if you actually hold bitcoin right now.
The price is holding so long that means the holders are not in the mood of selling their coins, yet. It's just the traders that's been buying and selling. A lot of coins being held by institutional investors and unless some institutional investor or a whale goes for dumping their coin or the people lose interest on buying the coins, I don't see why bitcoin won't achieve its all time high. I've bought some more coins and hoping for the best.
It could be, but remember that we are not in a bull run comparable to 2017. That's why we might see the price moving in range. Actually it was in the support/resistance level, certain price is the resistance and then become support and then we move to the next price. Currently the support is $18,500 then in a week we will go to $19,000 then go up and down again until such time that $19,000 became the support and move $19,500. So that's how I see the price movement as of late, no dumping but few traders taking profits here and there.
We all know bitcoin has been moving between 17000 and 19000 and it's not showing any drastic move to a bull or bear but with such large increase in price, it's hard to imagine that the price has settled to this high.
What do you really expect? Could it be more drastic than what we’ve had in the last 30 days? The price has gone up by about $6000 and the uptrend seems to continue in the same direction, maybe it's just a matter of days before a new absolute price record will be reached. I know that many are troubled by the moment when it is best to sell, and when the correction will start - but what if it doesn't happen this time?
Institutional investors are buying for the long run, they are not speculators looking for quick profits - and this bull run belongs to them, and anything weak hands sell is quickly found in their wallets. Anyone who wants to play a card of what happened at the end of 2017 is free to try, we may be at the peak, but we may also be just at the beginning of what will follow in 2021.
There will not be a huge correction as long as bitcoin still on the uptrend market. Unless, the uptrend market is end then we will see a huge correction comes but now I haven't seen that will happen. Seem like all holder/trader will focus to $20.000 first or $20.000 is the first target to sell their coin. After that we will see a slightly correction and up again.
Indeed, as a trader there will be many consideration before we buy the coin. Because as we can see bitcoin is always up even in the one hour time frame there only one candle that was formed in red candle at the uptrend market. So, I use a strategy to buy bitcoin directly I don't use a limit market because it is long time to wait, but, I never use a stop loss.
Indeed, as a trader there will be many consideration before we buy the coin. Because as we can see bitcoin is always up even in the one hour time frame there only one candle that was formed in red candle at the uptrend market. So, I use a strategy to buy bitcoin directly I don't use a limit market because it is long time to wait, but, I never use a stop loss.
Should we also consider the fact that we are pretty used to that kind of event?
What if it won't happen this time and it will really stay at this price since an easier way to buy it had come out?
Trying to be optimistic here and putting doubts aside.
If the demand is really high then we should expect that it won't come to where we are used to seeing it.
$15k bottom maybe?
What if it won't happen this time and it will really stay at this price since an easier way to buy it had come out?
Trying to be optimistic here and putting doubts aside.
If the demand is really high then we should expect that it won't come to where we are used to seeing it.
$15k bottom maybe?
No body can actually answer your question becasue the behaviorism of Bitcoin price from time immemorial is always sideways, most especially when there's bull run which always attract corrections in Bitcoin price, mostly on daily basis or even on weekly basis. At the moment, Bitcoin price is just experiencing some usual characters in my honest opinion and nothing to fear in it sideways zigzagging movement.
The way it stabilises at a certain price point I think, is what making other people or investors perhaps, hesistant with their actions at this moment. Some are doubting to keep on holding and are having thoughts of selling in order to assure profit will be earned. Some are even scared to invest at this point because the price is already high and there's no assurance that the market price will continue increasing on the next days of Bitcoin for this year. Possibility is two-sided; chance for the price to rise, and also tendency for the price to suddenly fall. We just never know.
Nah, I think investors are just waiting to see long term what happens, obviously with stops along the way but many more are having huge buy orders around 17k to prevent their positions from weakening or buying the "dip". It'll take some big panic which will happen of course to take it back down to 15k and if more selloffs happen then then we're back to testing 12k support.
The price is holding so long that means the holders are not in the mood of selling their coins, yet. It's just the traders that's been buying and selling. A lot of coins being held by institutional investors and unless some institutional investor or a whale goes for dumping their coin or the people lose interest on buying the coins, I don't see why bitcoin won't achieve its all time high. I've bought some more coins and hoping for the best.
A massive drop in January??? BTC is always considered as a extreme volatile coin so anything is possible due to it's uncertainty, also there are only two sides of crypto Market one is pump and dump. As of now just enjoy the price and plan accordingly, no one is judge here every one will just share their opinion nothing more and yes this is not the right time to buy that's for sure.
It is a good sign. From my opinion, sideway means that people are amassing bitcoin. Just look at the volume. Very very stable without any significant sign. I currently dont have laptop to show my specific opinion
We are in a good momentum. With this uptrend, soom we will surpass our ATH in this year. There are more than a month left. Too much time for investors to join the game
The way it stabilises at a certain price point I think, is what making other people or investors perhaps, hesistant with their actions at this moment. Some are doubting to keep on holding and are having thoughts of selling in order to assure profit will be earned. Some are even scared to invest at this point because the price is already high and there's no assurance that the market price will continue increasing on the next days of Bitcoin for this year. Possibility is two-sided; chance for the price to rise, and also tendency for the price to suddenly fall. We just never know. We are in a good momentum. With this uptrend, soom we will surpass our ATH in this year. There are more than a month left. Too much time for investors to join the game
It is a good sign. From my opinion, sideway means that people are amassing bitcoin. Just look at the volume. Very very stable without any significant sign. I currently dont have laptop to show my specific opinion
We are in a good momentum. With this uptrend, soom we will surpass our ATH in this year. There are more than a month left. Too much time for investors to join the game
We are in a good momentum. With this uptrend, soom we will surpass our ATH in this year. There are more than a month left. Too much time for investors to join the game
I suppose we're heading towards a retrace back to the milder ranges of $15000 and $16000, though it is also likely that the buying pressure overwhelms the sells and we can set foot @ $19000. Right now, most of the sells are positioned @ $18800 and $19000, and those levels are definitely the main hurdles that could stall the movement towards the previous ATH.
Another thing to watch imho is the breakouts from the 20k levels, if an ATH formed then definitely BTC stories will explode, an interesting moments for crypto's, a weekly chart Higher High possible target at 160k
Weekly RSI says that we have long been overbought, though the constant tension between sells and buys in exchanges equilibrates that in a way that there is little to no movement in a day. I suppose we're heading towards a retrace back to the milder ranges of $15000 and $16000, though it is also likely that the buying pressure overwhelms the sells and we can set foot @ $19000. Right now, most of the sells are positioned @ $18800 and $19000, and those levels are definitely the main hurdles that could stall the movement towards the previous ATH. I wouldn't mind if the market would go sideways from here for a few weeks, given that we have had rises for a month and a half straight. Maybe the money isn't really there just yet, but people are still reluctant to sell since they believe that we might even get a greater push from where we are right now.
the weekend has come, we will see how bitcoin reacts,
usually on weekends there will be a pump and dump, and a determination on Sunday,
if the candle is bullish then we will see one more rally, if the candle ends bearish, correction will come.
usually on weekends there will be a pump and dump, and a determination on Sunday,
if the candle is bullish then we will see one more rally, if the candle ends bearish, correction will come.
Yes, most of the fluctuations occur during the weekend especially negative news as we see red candles during the weekend if we consider the last two weeks the value of bitcoin increased during the last two Friday and Saturday but dropped on the last two Sundays. Let's monitor how it goes this Sunday and compare it with few more weeks to understand the pattern.
Corrections don't always mean down. Assuming we're overbought on the weekly or daily rsi we could just go sideways until we become oversold (since we're moving between 18500 and 17500...
We can go down from here and I wouldn't say its unlikely, but we could also go sideways for a few days or weeks and regain some momentum?
Nature of uncertainty with this market. Things could happen either in line with our expectations or the other way around. But the fact that it's price managed to go as high as it is at this moment, that is already something to celebrate. We'll, to those who just invested recently, it might not be. That's true; things are not yet assured especially regarding to thoughts of surpassing it's ATH unless we see it on the actual. So more likely, waiting is all we can do right now. We can go down from here and I wouldn't say its unlikely, but we could also go sideways for a few days or weeks and regain some momentum?
the weekend has come, we will see how bitcoin reacts,
usually on weekends there will be a pump and dump, and a determination on Sunday,
if the candle is bullish then we will see one more rally, if the candle ends bearish, correction will come.
usually on weekends there will be a pump and dump, and a determination on Sunday,
if the candle is bullish then we will see one more rally, if the candle ends bearish, correction will come.
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