I think seeing the condition of the very deep decline in the price of bitcoin in the last month, bitcoin is indeed in a bearish phase. However, for now, no one knows when this bearish phase will end and Bitcoin will bounce back. Therefore, in the midst of the current market conditions that are experiencing price declines, it is better not to try trading or investing in the short term, we should not go against the currents in the current market. Wait until market conditions stabilize.
There is no doubt that the price of bitcoin has corrected itself in a significant manner but I think it is too early to determine that what we are experimenting is a bear market already since the time it has passed is too short, we need more time in order to be able to tell that, we also need to consider the external factors that are affecting the price as it is obvious the fear of the new strain of the virus is affecting the current movements of the price, but once it goes away bitcoin could grow significantly again. 
Topic: Bitcoin resistance and support price - page 3. (Read 989 times)
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?
When the market is in a bearish phase as it is today, you can short sell to make a profit or to protect your asset from a weakening price. however, short selling in the futures market certainly carries a very high risk. So, technical analysis is needed and precise to project where the bitcoin price will move in the future.It needs a deeper understanding with the current market,
if you will do some short trade make sure that you are willing to let go and risk your investment, some of those experienced traders are also working with different strategy, they are good in anticipating and use it as good advantage when dealing inside the exchange.
Adjusting if the market is not favoring your position is very important, having different system to continue working even the bearish condition still ongoing.
I think seeing the condition of the very deep decline in the price of bitcoin in the last month, bitcoin is indeed in a bearish phase. However, for now, no one knows when this bearish phase will end and Bitcoin will bounce back. Therefore, in the midst of the current market conditions that are experiencing price declines, it is better not to try trading or investing in the short term, we should not go against the currents in the current market. Wait until market conditions stabilize.
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 wish I was like you having bitcoins at your wallet mate, unfortunately all of them is dumped during the time it was cheap. Meanwhile, I only enjoyed the companion of altcoins specially the small value ones, I know someday it will provide us better future. Let's not rush, greatness of time will come and even if bitcoin support kepts raging over I believed all coins following the journey will also become abundant.
Without digression let me pen down my Bitcoin prediction since the thread is all about bitcoin price speculations, bit on having to hold on to the 48k resistance price for some days now with bull constantly trying to break out I will be left with no choice than to predict a 50k price benchmark at the end of 2021which is just a few days ahead.
Very possible that Bitcoin will increase to that level before the year will end.
Even pressures from selling are still huge, there are investors and traders who also keep on buying and holding their
assets, good for long-term if you are aiming to buy and hold.
Newcomers need to re-think before deciding and following any assumptions. They might lose more if they are not
carefully working inside this market.
Without digression let me pen down my Bitcoin prediction since the thread is all about bitcoin price speculations, bit on having to hold on to the 48k resistance price for some days now with bull constantly trying to break out I will be left with no choice than to predict a 50k price benchmark at the end of 2021which is just a few days ahead.
I wish I was like you having bitcoins at your wallet mate, unfortunately all of them is dumped during the time it was cheap. Meanwhile, I only enjoyed the companion of altcoins specially the small value ones, I know someday it will provide us better future. Let's not rush, greatness of time will come and even if bitcoin support kepts raging over I believed all coins following the journey will also become abundant.
Just that this thread is focusing on bitcoin only, that is why I only make comment about bitcoin only. I do not have much bitcoin, I started late and which to by more to make more profit when the bull market begin again. I only have 70% of my coin in bitcoin while other are for altcoins. So I do both bitcoin and altcoins. Know that I have just little but it is better than nothing. We can invest even just $200 on bitcoin or altcoin, at least we invest.Well if order of the other market to become healthy, bitcoin should spike first and for sure altcoins will follow as well. But as you have said, we have seen a dumping for over a month now and no sign of stopping as we have a difficult time of getting over the $50k barrier. So the best thing is just to buy and hold and wait for it to somewhat recover and bounce again and who knows, maybe we can see a new all time high next year.
I wish I was like you having bitcoins at your wallet mate, unfortunately all of them is dumped during the time it was cheap. Meanwhile, I only enjoyed the companion of altcoins specially the small value ones, I know someday it will provide us better future. Let's not rush, greatness of time will come and even if bitcoin support kepts raging over I believed all coins following the journey will also become abundant.
Just that this thread is focusing on bitcoin only, that is why I only make comment about bitcoin only. I do not have much bitcoin, I started late and which to by more to make more profit when the bull market begin again. I only have 70% of my coin in bitcoin while other are for altcoins. So I do both bitcoin and altcoins. Know that I have just little but it is better than nothing. We can invest even just $200 on bitcoin or altcoin, at least we invest.
I wish I was like you having bitcoins at your wallet mate, unfortunately all of them is dumped during the time it was cheap. Meanwhile, I only enjoyed the companion of altcoins specially the small value ones, I know someday it will provide us better future. Let's not rush, greatness of time will come and even if bitcoin support kepts raging over I believed all coins following the journey will also become abundant.
Just that this thread is focusing on bitcoin only, that is why I only make comment about bitcoin only. I do not have much bitcoin, I started late and which to by more to make more profit when the bull market begin again. I only have 70% of my coin in bitcoin while other are for altcoins. So I do both bitcoin and altcoins. Know that I have just little but it is better than nothing. We can invest even just $200 on bitcoin or altcoin, at least we invest.If you have $10,000 capital and 70% is for Bitcoin, that really to having huge returns when manage properly. Buying at this moment is somewhat a good idea, think that it surges high back to $70k, I think, you gonna be in celebration.
I wish I was like you having bitcoins at your wallet mate, unfortunately all of them is dumped during the time it was cheap. Meanwhile, I only enjoyed the companion of altcoins specially the small value ones, I know someday it will provide us better future. Let's not rush, greatness of time will come and even if bitcoin support kepts raging over I believed all coins following the journey will also become abundant.
Just that this thread is focusing on bitcoin only, that is why I only make comment about bitcoin only. I do not have much bitcoin, I started late and which to by more to make more profit when the bull market begin again. I only have 70% of my coin in bitcoin while other are for altcoins. So I do both bitcoin and altcoins. Know that I have just little but it is better than nothing. We can invest even just $200 on bitcoin or altcoin, at least we invest. 
The price of Bitcoin is still very difficult to predict right now, because it turned out after it managed to touch the price of $51k a few days ago.
Bitcoin is currently still dropping below $50k, so there's still a chance the price will drop even further. I agree with you, we have to be patient and enjoy the ride, because it's a way to keep us thinking positive. If we panic seeing the current situation, it only makes us decide to sell the Bitcoin we have at a loss. At least we still have to monitor Bitcoin price movements for the next week, to analyze where Bitcoin will move.
So there's not much we can do in a situation like now, we can only be patient holding the Bitcoins we have.
It is not "that" much under 50k, people act as if we reached 45k already or even getting closer to 40k but the reality is that we only dropped a slightly under 50k, which means it is not doing that bad at all if you ask me and will do a lot better in the long run as well. Why? Because whenever the price falls down, there are those who accumulate, whenever it is accumulated that means it can't keep going down even more, so there is always a bottom and when that is reached the price starts to go up a lot.Bitcoin is currently still dropping below $50k, so there's still a chance the price will drop even further. I agree with you, we have to be patient and enjoy the ride, because it's a way to keep us thinking positive. If we panic seeing the current situation, it only makes us decide to sell the Bitcoin we have at a loss. At least we still have to monitor Bitcoin price movements for the next week, to analyze where Bitcoin will move.
So there's not much we can do in a situation like now, we can only be patient holding the Bitcoins we have.
I believe that we already tested that, and since we managed to go higher that means we are doing fine right now, it should not be all that difficult to see it going up soon.
more people are buying Bitcoin, so the Bitcoin price can go up again. But I did not expect the price of Bitcoin to still struggle to recover
in the middle of December. Even now the price of Bitcoin is still at $48k, and there is no sign of Bitcoin going up in the near future.
Everything will be fine as long as we don't panic and can think positively, I still really hope that near the end of this year the price of Bitcoin
does not fall any further.
We have a good run to $50k but it was not sustained and obviously, sell-off happens to bring the price down again.
Maybe we could see some good signs this coming Monday that we can still go past $50k at least before the end of the year. Usually December is very bullish and I do think positively that we can make it more exciting in the last 2-3 weeks before we closes this year.
It's getting more stressful if we monitor the price of Bitcoin in the last few days, because Bitcoin is indeed difficult to rise again above the price of
$50k. Even Bitcoin is now down to touch the price of $ 46k, luckily now the Bitcoin price is trying to get back up and trying to get back to the $48k
price again. Looks like this December can be said to be a little different from the previous December, which as you said usually Bitcoin is bullish
in December. So I don't expect too much in December this year, I think as long as the Bitcoin price doesn't drop below $45k it's good, because
entering the beginning of the year Bitcoin price can start to be bullish. Indeed, what we can do now is just hold the Bitcoin we have, until
the Bitcoin price actually recovers.
The market shows more volatility for the last 3 days , it is growing a little then dumping at the same time after https://coinmarketcap.com/currencies/bitcoin/ now we can see that it is unpredictable and only the strong hands can achieve the profit of Holding.
to those weak hands try to close your eyes for a while so you will not be triggered to sell out because you'll miss the great pump before the year ends.
but given that the market will continue fall yet this is a great advantage for the long term holder to purchase more and try to add their bags with much more bitcoin for the next 5 years.
I agree, it was at 47k 3 days ago, reached almost 51k 2 days ago, reached 45k yesterday and now it is back to 47k again. I do not know why there is a big volatility like this, I am hoping that it will not be like that for a long time, hopefully we could end up with something a lot less volatile intra-day if you ask me but if it will end up with the same result like this one then I am fine with it. to those weak hands try to close your eyes for a while so you will not be triggered to sell out because you'll miss the great pump before the year ends.
but given that the market will continue fall yet this is a great advantage for the long term holder to purchase more and try to add their bags with much more bitcoin for the next 5 years.
Traders do not care about whats going on in the grand scheme of things, they care about the day trading and how much they could make with it. This is why I do not doubt that there will be some sort of changes in the crypto, surely it will have some consequences but in the end we can't just let it stay stable neither, so we need to either make it less volatile, or it is going to have a bad income with these high movements. Lets hope for the best and focus on long term if anything bad happens in daily.
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?
The market shows more volatility for the last 3 days , it is growing a little then dumping at the same time after https://coinmarketcap.com/currencies/bitcoin/ now we can see that it is unpredictable and only the strong hands can achieve the profit of Holding.to those weak hands try to close your eyes for a while so you will not be triggered to sell out because you'll miss the great pump before the year ends.
but given that the market will continue fall yet this is a great advantage for the long term holder to purchase more and try to add their bags with much more bitcoin for the next 5 years.
Hard to close our eyes especially when the market move the way we don't like but what the best thing to do if we are losing is either to cut loss and buy in the dip. But if we can able to hold then that's good but expect to hold it for many months from now since recovery takes time and fear is still high in the market since no people yet thinking bullish on the market at this point.
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?
The market shows more volatility for the last 3 days , it is growing a little then dumping at the same time after https://coinmarketcap.com/currencies/bitcoin/ now we can see that it is unpredictable and only the strong hands can achieve the profit of Holding.to those weak hands try to close your eyes for a while so you will not be triggered to sell out because you'll miss the great pump before the year ends.
but given that the market will continue fall yet this is a great advantage for the long term holder to purchase more and try to add their bags with much more bitcoin for the next 5 years.
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 wish I was like you having bitcoins at your wallet mate, unfortunately all of them is dumped during the time it was cheap. Meanwhile, I only enjoyed the companion of altcoins specially the small value ones, I know someday it will provide us better future. Let's not rush, greatness of time will come and even if bitcoin support kepts raging over I believed all coins following the journey will also become abundant.
Here is a good bullish take on BTC price action across this year. Its definitely possible we can bounce well from here, I just personally think this is a story for 2022 not the tail end of 2021 where we already saw so much happen saturating the order books with old volume to sell from prior attempts, this will process eventually just not in a single month. Time will heal the selling and negative will resolve to be a future positive imo
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^ We need that big hype, or what we call FOMO to break the current cycle.
So far the price hops above $49k but have difficulty breaking the resistance of $50k. This pattern has been happening several times already and hopefully this week we can go over and reach at least $53k because that's where the TA is pointing to be next resistance level and $50k becoming now the support. The question is where will be the FOMO coming from this week?
While FOMO can produce the effects that you mention at the same time this is not a recipe for long term success, it would allow bitcoin to grow during the short term and that will be all, it is better that we wait for more fundamental news to come that make bitcoin better on the eyes of investors and help it grow slowly over the long term, however another way for bitcoin to grow is if FUD impacted other markets and out of fear people began to invest in bitcoin as a way to protect their wealth from the crash of those markets.So far the price hops above $49k but have difficulty breaking the resistance of $50k. This pattern has been happening several times already and hopefully this week we can go over and reach at least $53k because that's where the TA is pointing to be next resistance level and $50k becoming now the support. The question is where will be the FOMO coming from this week?
Bitcoin price now is currently below $50k, maybe as we end this year in this position but I was not thinking that it goes down below $40k.
These Christmas holidays keep the market demand to stay low as the majority are possibly not focusing on the trades but on the family bonding and celebrations.
^ We need that big hype, or what we call FOMO to break the current cycle.
So far the price hops above $49k but have difficulty breaking the resistance of $50k. This pattern has been happening several times already and hopefully this week we can go over and reach at least $53k because that's where the TA is pointing to be next resistance level and $50k becoming now the support. The question is where will be the FOMO coming from this week?
While FOMO can produce the effects that you mention at the same time this is not a recipe for long term success, it would allow bitcoin to grow during the short term and that will be all, it is better that we wait for more fundamental news to come that make bitcoin better on the eyes of investors and help it grow slowly over the long term, however another way for bitcoin to grow is if FUD impacted other markets and out of fear people began to invest in bitcoin as a way to protect their wealth from the crash of those markets. So far the price hops above $49k but have difficulty breaking the resistance of $50k. This pattern has been happening several times already and hopefully this week we can go over and reach at least $53k because that's where the TA is pointing to be next resistance level and $50k becoming now the support. The question is where will be the FOMO coming from this week?
^ We need that big hype, or what we call FOMO to break the current cycle.
So far the price hops above $49k but have difficulty breaking the resistance of $50k. This pattern has been happening several times already and hopefully this week we can go over and reach at least $53k because that's where the TA is pointing to be next resistance level and $50k becoming now the support. The question is where will be the FOMO coming from this week?
I will follow the direction of the pattern because for me this will continue to repeat the same pattern, buy at $47k and sell at $50k this will not be long resistance and bitcoin again at the same price $47k try to see how many times bitcoin has become a pattern like this?So far the price hops above $49k but have difficulty breaking the resistance of $50k. This pattern has been happening several times already and hopefully this week we can go over and reach at least $53k because that's where the TA is pointing to be next resistance level and $50k becoming now the support. The question is where will be the FOMO coming from this week?
It's possible that the $50k resistance won't last long and it's still not a good change but FOMO will definitely come from anywhere even some people get caught up in this, the important thing is my analysis bitcoin will continue to follow the same pattern.
^ We need that big hype, or what we call FOMO to break the current cycle.
So far the price hops above $49k but have difficulty breaking the resistance of $50k. This pattern has been happening several times already and hopefully this week we can go over and reach at least $53k because that's where the TA is pointing to be next resistance level and $50k becoming now the support. The question is where will be the FOMO coming from this week?
So far the price hops above $49k but have difficulty breaking the resistance of $50k. This pattern has been happening several times already and hopefully this week we can go over and reach at least $53k because that's where the TA is pointing to be next resistance level and $50k becoming now the support. The question is where will be the FOMO coming from this week?
Currently, the support around $48k is strong, so we may be good for now or up to this weekend at least.
We have a good run to $50k but it was not sustained and obviously, sell-off happens to bring the price down again.
Maybe we could see some good signs this coming Monday that we can still go past $50k at least before the end of the year. Usually December is very bullish and I do think positively that we can make it more exciting in the last 2-3 weeks before we closes this year.
Sell pressure whenever we reach a higher ground is the main problem, and the longer we stay around here the more people end up buying here as well, which means that whenever we go to a higher price there are so many people who are willing to sell for a profit at those prices. So, it is a very risky business and I am not entirely sure if I want to have something like that for the long term. Hopefully we will do better, it is not going to be easy and I feel like it will happen at least a few more times, but eventually there will be a big hype that will break this cycle. We have a good run to $50k but it was not sustained and obviously, sell-off happens to bring the price down again.
Maybe we could see some good signs this coming Monday that we can still go past $50k at least before the end of the year. Usually December is very bullish and I do think positively that we can make it more exciting in the last 2-3 weeks before we closes this year.
Hopefully that will happen during an early stage of 2022 and not at a later date like after the summer. If we keep on failing until summer then we have a tough road ahead of us because summers are usually not the best time, so spring needs to be great or we need to wait a whole year.
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