Bitcoin resistance and support price

RealMalatesta

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Quote from: Newlifebtc on May 16, 2022, 11:30:57 AM

Quote from: Epaper on May 16, 2022, 10:39:15 AM

Many phenomena regarding the price of bitcoin occurred at the end of 2021 where bitcoin experienced a decline in price throughout December after printing ATH. This year, of course, bitcoin's performance is expected to be even better with a significant price increase. Therefore, let's see if the price of bitcoin will rise again in 2022 or go back down from the previous price.

But it was what we expected, but now is not what we are seeing and witnessing now. The price of bitcoin in 2021 is better and interested to invest for hold than what we are seeing now, 2022 is totally different experience from other years for cryptocurrency because from 2019 bitcoin was reducing little bit than the way it is falling with out retrace. I have seen and undergoes the falling of bitcoin from different years but this one is the worst

It was 2018 when bitcoin went low, it finished the year at a low price went from 20k to 3.5k, which meant 2019 started with 3.5k and it reached 14k but ended with 7k, so was there a fall?

Yes, but it did 2x year start to year end, then in 2020 we broke over that 20k barrier again, and in 2021 we reached 68k, so we are low right now compared to previous years just like 2018 was as well. Doesn't mean it is the same thing though, we are at about 50% right now, whereas the market went 80% and more, even 90% lower in 2018, we are not that much low right now and doubt we will get there. This is of course just my guess, I do not know if it will go on.

Newlifebtc

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Quote from: Epaper on May 16, 2022, 10:39:15 AM

Many phenomena regarding the price of bitcoin occurred at the end of 2021 where bitcoin experienced a decline in price throughout December after printing ATH. This year, of course, bitcoin's performance is expected to be even better with a significant price increase. Therefore, let's see if the price of bitcoin will rise again in 2022 or go back down from the previous price.

But it was what we expected, but now is not what we are seeing and witnessing now. The price of bitcoin in 2021 is better and interested to invest for hold than what we are seeing now, 2022 is totally different experience from other years for cryptocurrency because from 2019 bitcoin was reducing little bit than the way it is falling with out retrace. I have seen and undergoes the falling of bitcoin from different years but this one is the worst

Epaper

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Many phenomena regarding the price of bitcoin occurred at the end of 2021 where bitcoin experienced a decline in price throughout December after printing ATH. This year, of course, bitcoin's performance is expected to be even better with a significant price increase. Therefore, let's see if the price of bitcoin will rise again in 2022 or go back down from the previous price.

cryptomaniac_xxx

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Quote from: btc_angela on April 04, 2022, 03:26:02 PM

Quote from: Baofeng on March 26, 2022, 11:12:40 AM

Quote from: Kopetunto on March 26, 2022, 10:44:05 AM

Bitcoin support is at $35000, this is the bottom price in January and February,

of course if it can still survive at this support the Bitcoin price is still safe, Bitcoin has been sideways for 3 months,
and is always stuck at $45200 resistance, hopefully the bitcoin price will quickly break through the resistance and immediately to $50000

$45k is the resistance now, current price is $44,200 and just bouncing around. But we have a good increased in the last 7 days so I would say that we are in good hands right now. And I'm expecting that the price will continue to rise as long as Terra will continue to their word that they will continue to pump money in the bitcoin market worth billions of dollars. And maybe we can see the price going over the $45k resistance and maybe hitting the next big barrier of $50k so exciting times ahead.

And it seems that he have touched that big resistance of $45k and now the price seems to be stabilizing again, in the $45k-$46k. Not sure if this is a good indication short term or long term. What I'm interested in is a break out run to the next barrier of $48k(we already touch this price as well but didn't have that momentum to stay and goes up to $50k). So again, this is going to be another "wait and see" attitude for some.

Somewhat though, the support level now is $40k, and obviously, the retracement continues as we go down in the last week so the trend continues, no $50k in the horizon for us.

And so we might see the price at this level, until a break out run occur, but I have doubts about a possible move to $45k this month. We are entering the last 2 weeks and usually at the end of the month, it's either there are no price movement, just sideways or going down in the 2% range.

btc_angela

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Quote from: Baofeng on March 26, 2022, 11:12:40 AM

Quote from: Kopetunto on March 26, 2022, 10:44:05 AM

Bitcoin support is at $35000, this is the bottom price in January and February,

of course if it can still survive at this support the Bitcoin price is still safe, Bitcoin has been sideways for 3 months,
and is always stuck at $45200 resistance, hopefully the bitcoin price will quickly break through the resistance and immediately to $50000

$45k is the resistance now, current price is $44,200 and just bouncing around. But we have a good increased in the last 7 days so I would say that we are in good hands right now. And I'm expecting that the price will continue to rise as long as Terra will continue to their word that they will continue to pump money in the bitcoin market worth billions of dollars. And maybe we can see the price going over the $45k resistance and maybe hitting the next big barrier of $50k so exciting times ahead.

And it seems that he have touched that big resistance of $45k and now the price seems to be stabilizing again, in the $45k-$46k. Not sure if this is a good indication short term or long term. What I'm interested in is a break out run to the next barrier of $48k(we already touch this price as well but didn't have that momentum to stay and goes up to $50k). So again, this is going to be another "wait and see" attitude for some.

Baofeng

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Quote from: Kopetunto on March 26, 2022, 10:44:05 AM

Bitcoin support is at $35000, this is the bottom price in January and February,

of course if it can still survive at this support the Bitcoin price is still safe, Bitcoin has been sideways for 3 months,
and is always stuck at $45200 resistance, hopefully the bitcoin price will quickly break through the resistance and immediately to $50000

$45k is the resistance now, current price is $44,200 and just bouncing around. But we have a good increased in the last 7 days so I would say that we are in good hands right now. And I'm expecting that the price will continue to rise as long as Terra will continue to their word that they will continue to pump money in the bitcoin market worth billions of dollars. And maybe we can see the price going over the $45k resistance and maybe hitting the next big barrier of $50k so exciting times ahead.

Kopetunto

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Bitcoin support is at $35000, this is the bottom price in January and February,

of course if it can still survive at this support the Bitcoin price is still safe, Bitcoin has been sideways for 3 months,
and is always stuck at $45200 resistance, hopefully the bitcoin price will quickly break through the resistance and immediately to $50000

MarjorieZimmermanGinger

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Quote from: Oshosondy on November 27, 2021, 12:48:20 AM

I am not ready to sell my bitcoin because I know its price will increase back, I do not mind if it will take time but I know it will increase back. But recently the price of bitcoin has been decreasing, before it was at a resistance of $60000 but now it is at a resistance of $55000. I am thinking bitcoin price may never increase for now back to above $60000. The support is strong at $50000 and bitcoin has not falled to the level at all but is this not the begining of the bearish market?

I think this really depends on your readiness to hold bitcoin, but I think bitcoin will continue to strengthen in the future, it's a good idea to keep holding it until the right time, so far bitcoin has not experienced such a big price drop, so it's still in the safe category for now for bitcoin, the correction phase will definitely return to the green line, although now it has not shown a stable and normal sign, there is a time for us to be patient to achieve maximum sales results, rather than taking steps but not making profits.

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Quote from: Yaunfitda on February 12, 2022, 03:28:03 AM

Quote from: Vaskiy on February 10, 2022, 06:56:54 PM

The consumer price index of USA have reached 7% and as a result inflation rate and the US dollar rate index too have increased. Due to this stock market and the crypto market experienced sudden market correction. To this the cryptocurrency market reacted dropping down close to $43500 from $45000. Further the market retested the resistance and moved above $45k. This hasn't lasted long and now the support have reached down to $43500.

The support on $43,500 has been shattered in the last 24 hours. Now it's $42,200 and it might go down a bit. So the support became the resistance price.

So this is not a good sign, although a price of above $40k might be strong though. But we will never know, once we get to that level again we might see another sell-off. Hopefully this is not case, so let's observed the market movement in the next couple of weeks and see if we are going to be still above the moving average.

Still holding and not doing that much fall, nature of Bitcoin to keep surprising the investors, if you can't hold your breath when the market
is falling better to leave for a while and not to look at your assets, but if you understand the drill so well, this is an open opportunity to make some money, either to short and grind or add more to your long term holding for much higher compensations.

Just make sure to do your homework and plan your participations, it will be a lesser risk if you that way.

Roidz

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Bitcoin's current price is a high resistance level at 44k which is what we saw in the late hours of Monday this week before the market corrected back to its present 43,690 prices, I know Bitcoin can't fall below the 40k region.

Bitcoin today is moving fairly stable at the price of $ 44K and it looks like bitcoin has a pretty strong wall at that price so it can't reach higher prices for now, but in my opinion stagnant price movements like now are very difficult to predict bitcoin prices will go up or down in the future, so maybe it's better for us not to enter the market right now, although there is a correction and a decrease later in the price of bitcoin but just like you, I think bitcoin will no longer go down to prices below $40K and in my opinion support level the price of bitcoin it's currently between $41k-$42k.

Yaunfitda

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Quote from: Vaskiy on February 10, 2022, 06:56:54 PM

The consumer price index of USA have reached 7% and as a result inflation rate and the US dollar rate index too have increased. Due to this stock market and the crypto market experienced sudden market correction. To this the cryptocurrency market reacted dropping down close to $43500 from $45000. Further the market retested the resistance and moved above $45k. This hasn't lasted long and now the support have reached down to $43500.

The support on $43,500 has been shattered in the last 24 hours. Now it's $42,200 and it might go down a bit. So the support became the resistance price.

So this is not a good sign, although a price of above $40k might be strong though. But we will never know, once we get to that level again we might see another sell-off. Hopefully this is not case, so let's observed the market movement in the next couple of weeks and see if we are going to be still above the moving average.

Vaskiy

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The consumer price index of USA have reached 7% and as a result inflation rate and the US dollar rate index too have increased. Due to this stock market and the crypto market experienced sudden market correction. To this the cryptocurrency market reacted dropping down close to $43500 from $45000. Further the market retested the resistance and moved above $45k. This hasn't lasted long and now the support have reached down to $43500.

tygeade

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Quote from: Oshosondy on November 27, 2021, 12:48:20 AM

I am not ready to sell my bitcoin because I know its price will increase back, I do not mind if it will take time but I know it will increase back. But recently the price of bitcoin has been decreasing, before it was at a resistance of $60000 but now it is at a resistance of $55000. I am thinking bitcoin price may never increase for now back to above $60000. The support is strong at $50000 and bitcoin has not falled to the level at all but is this not the begining of the bearish market?

It looks what have you predicted above are all right . starting from the decline of btc and the price did not go back to its ATH up to the continuous decline that it last until January this year but it was now February and the price starting to recover again. Thanks for having a patience but a little more of it and your soon going to be rewarded big.

In case you feel un-motivated to hodl any longer, just think of this: the price was now at 40k level and selling it on this range is unacceptable and if you want to sell you could have done that last year where price resides at 50k range. The profit that you can get last time are better than the profit that your going to get today.

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Quote from: Japinat on February 09, 2022, 09:31:58 AM

Quote from: Tellek Garing on February 09, 2022, 09:29:22 AM

We are beginning to have some green lineup in the Bitcoin chart as the price stayed @43,000 for over 24 hours this indicates a strong bull resistance and if the market demands continue just like last week then we will break the $50k region, I will keep holding my Bitcoin since am not a trader but a holder for long term goals.

Bitcoin has touched $44k now, it's a good sign that the market will start to be bullish again. This may not be a confirmation yet that it's bullish but at least it has recovered after a big dump that we experience in the past weeks. Keep holding as we never know if it's just a bull trap, but even if it is, a bull run is still inevitable and it might come sooner than we expected.

It's very obvious that bitcoin market sentiment had changed to bullish after a long bearish run, the recent price action doesn't look like a bull trap, the price had broken a resistance and retrace to back to turn resistance to support an indication of bullish sentiment, the price is presently moving to $45K after breaking the resistance at $43K, the next major support is at $50K hopefully the present bullish sentiment is sustained for a long time so that hodlers can have sign of relief, Infact the price volatility and momentum was very high at the moment.

Japinat

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Quote from: Tellek Garing on February 09, 2022, 09:29:22 AM

We are beginning to have some green lineup in the Bitcoin chart as the price stayed @43,000 for over 24 hours this indicates a strong bull resistance and if the market demands continue just like last week then we will break the $50k region, I will keep holding my Bitcoin since am not a trader but a holder for long term goals.

Bitcoin has touched $44k now, it's a good sign that the market will start to be bullish again. This may not be a confirmation yet that it's bullish but at least it has recovered after a big dump that we experience in the past weeks. Keep holding as we never know if it's just a bull trap, but even if it is, a bull run is still inevitable and it might come sooner than we expected.

Tellek Garing

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We are beginning to have some green lineup in the Bitcoin chart as the price stayed @43,000 for over 24 hours this indicates a strong bull resistance and if the market demands continue just like last week then we will break the $50k region, I will keep holding my Bitcoin since am not a trader but a holder for long term goals.

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Quote from: StreakW on January 10, 2022, 08:58:53 AM

I think the bitcoin market is already showing signs of a bearish trend. The decline in the price of bitcoin in recent weeks has formed a negative signal pointing to a bearish trend. The big correction in the price of bitcoin is still continuing. Therefore, if it doesn't rise back to the psychological level of $50k soon, then it is very likely that the price of Bitcoin will fall to its lowest level of $40k.

Actually the signs of this trend bearish have occurred in November 2021, but most people only think that the price decline that occurs is only temporary and bitcoin prices will recover soon. but what is happening now is that bitcoin has really entered a bearish phase and sharp price declines are still common and no one knows when this bearish phase will end. In my opinion in the next few weeks it is very likely that the price of bitcoin will drop below $40k because so far there is no sign of the bear market ending.

StreakW

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I think the bitcoin market is already showing signs of a bearish trend. The decline in the price of bitcoin in recent weeks has formed a negative signal pointing to a bearish trend. The big correction in the price of bitcoin is still continuing. Therefore, if it doesn't rise back to the psychological level of $50k soon, then it is very likely that the price of Bitcoin will fall to its lowest level of $40k.

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Quote from: palle11 on November 28, 2021, 07:18:54 AM

I see Op like expressing regret at the moment for not selling the little Satoshi he has in his wallet before the drop and that is giving concern...

My advise to anybody caught in this season of unprepared or expected drop is to see their hodling as long time investment and with that they won't bother themselves on price by constantly checking on their wallet.

Well, I'm imagining how OP will feel right now seeing that price is dipping more. It just touched a strong support at $40,464 yesterday and bounced off it in what looks like a retracement. Let's be hopeful that it will begin to recover from there. Otherwise, if it breaks that level and closes below it on the Daily candle, it may likely dip to the $30k region. Even when I've come to classify Bitcoin as a phoenix that it's, I still maintain and know that its dip can be heartbreaking. I hope OP understands this too and not get hypertensive whenever there's a Bitcoin dip.

STT

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Not quite a higher low seen but price action is challenging the moving averages that might mark momentum to the downside. The beginnings of a future positive is possible speculation. If we break this area and establish it as a low then it begins to move upwards from then, if nothing else short positions must close and buy back into BTC.
Look for 42k as a low on 4hr bars is fair marker to progress either way.

Topic: Bitcoin resistance and support price (Read 977 times)