I don't think that we've bottomed yet.
$6.7k support previously was broken, and right now we're seeing the $6k level as support. While as much as I want this to be the end of the bear market, there simply hasn't been enough time for prices to fully consolidate at the moment.
More likely than not we'll see another dip under $6k, and people panic selling, making the prices go to anywhere between $3-5k as it bottoms.
But I do think that this is the time to start buying. We're very close to the bottom of the bear market here, and you'd be a fool to not start gradually accumulating while prices are so low and take advantage.
Topic: Bitcoin might rise soon - page 5. (Read 495 times)
People need to learn to have patience, it's very naive to expect a new rally just a few months we've crashed from ATH and currently sit in a bear market. Sure, a new rally might begin at any moment now, but realistically it would take 6-12 months, judging from previous patterns. Bitcoin should be treated more as a long-term investment, so it's better to plan for years rather than weeks, because the volatility is still very high in shorter time frames.
I need to see a major reversal from bulls and support on the subsequent pullback before putting any stock into it.
I like what I see. This is the first stage of a bullish reversal, the spring:
Bulls are feeling mighty exuberant now and I could see this making one more push up in the short term. But I want to see buyers supporting the subsequent pullback before switching to the long side and buying dips.
The bigger picture is really not clear to me. This triangle pattern, while technically breaking down, is not following through as expected. I have some alternative counts that aren't worth sharing yet until the pattern morphs. Needs time.....
While some form of a recovery might happen, we can't discard another leg down afterwards. The support around $6000 was tested and breached, which isn't really that positive.
Maybe we'll see one more attempt before the bears have used up all their ammo. Either way, just wait until the market becomes green again. There is no point in stressing about what's happening.
Currently we're still up +100% from the price last year, which is still a more than reasonable margin. Accepting bull runs also means accepting the corrections happening afterwards.
Maybe we'll see one more attempt before the bears have used up all their ammo. Either way, just wait until the market becomes green again. There is no point in stressing about what's happening.
Currently we're still up +100% from the price last year, which is still a more than reasonable margin. Accepting bull runs also means accepting the corrections happening afterwards.
I say $9k+. I am saying this because we have encounter the recent price of bitcoin we are experiencing now.
Hopefully buddy, it’ll be most welcome to see the $9,000’s again. It’ll definitely happen again, obviously. I’m just not sure if in the next month or two because we are in a bearish market atm.
I say $9k+. I am saying this because we have encounter the recent price of bitcoin we are experiencing now.
Hopefully buddy, it’ll be most welcome to see the $9,000’s again. It’ll definitely happen again, obviously. I’m just not sure if in the next month or two because we are in a bearish market atm.
I say $9k+. I am saying this because we have encounter the recent price of bitcoin we are experiencing now.
I know we dipped below $6,000 but the $6,000 area (ish) is becoming a point of suppprt. It seems those controlling the market do not want it to go below 6k for long or if at all.
I do expect a rise soon as this is what now, a triple or quadruple bottom? There seems to be support in this price range so yes, we could see back above $7,000 soon.
I do expect a rise soon as this is what now, a triple or quadruple bottom? There seems to be support in this price range so yes, we could see back above $7,000 soon.
It's not just that "might" but rise will definitely come very soon. The opposite reaction will take effect after everything has been stabilized and bitcoin seem to be stable @ $6,100 right now.
I really cannot believe tge amount of negative threads on the forum.
Don't be surprised about it, they are here not to discuss good things that are about to come with bitcoin but they only want to spread some negativity and FUD. According to observation, I think we are at the bottom and now and there are high chances that the price of Bitcoin might go upwards in a few weeks.
The last time Bitcoin cam this down, the next few days BTC went upwards quickly. So I believe that the price might soon cross $7500 in a few weeks.
We should hold our coins tight in this critical time because sooner or later the correction will end we will see a spike soon.
The last time Bitcoin cam this down, the next few days BTC went upwards quickly. So I believe that the price might soon cross $7500 in a few weeks.
We should hold our coins tight in this critical time because sooner or later the correction will end we will see a spike soon.
Are you just looking at the horizontal price level? Sure, there should be a bounce here. But it's too early to say if this is a meaningful bottom. I need to see a major reversal from bulls and support on the subsequent pullback before putting any stock into it.
The bears have a few things going here. We dropped from a long term mode ~ $7,800-$8,000, then we we retested it and failed. A supply event off a mode failure is a pretty bearish setup based on Tim West's system, which has served me well. I'm waiting for a better short-term setup or clearer failure before reentering shorts, but it doesn't look good.
Nice to see some optimism in this current wave of negativity.
I really cannot believe tge amount of negative threads on the forum.
The analysis above might prove right but we all know that investment saying,
"Past performance is not a guarantee of future results."
There are different trends created by different people with different outlooks
and expectations.
I really cannot believe tge amount of negative threads on the forum.
The analysis above might prove right but we all know that investment saying,
"Past performance is not a guarantee of future results."
There are different trends created by different people with different outlooks
and expectations.
ok
According to observation, I think we are at the bottom and now and there are high chances that the price of Bitcoin might go upwards in a few weeks.
The last time Bitcoin cam this down, the next few days BTC went upwards quickly. So I believe that the price might soon cross $7500 in a few weeks.
We should hold our coins tight in this critical time because sooner or later the correction will end we will see a spike soon.
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