Bitcoin resistance and support price - page 7.

Oshosondy

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Quote from: UmerIdrees on November 27, 2021, 10:22:16 AM

Bitcoin has a very strong support between 52-53K and it should hold this support. In case this support is broken we may see below 50K bitcoin market for considerable amount of time.

Bitcoin continues to drop drastically, now just dropped to $53500 today like 45 minutes ago, a price it has never dropped to since when it reach ATH, maybe the bear market may continue

Quote from: UmerIdrees on November 27, 2021, 10:22:16 AM

December is the month for bull run, i doubt if it can happen this year. i think we may see a real bull run in first quarter 2022.

I will say itf depends, there are some months bitcoin price increase in December and there are some times the result is decrease, you can see how December price has been.

Quote from: SquirrelJulietGarden on August 10, 2021, 10:29:55 PM

adaseb

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There is no support at $50K, it’s just a nice psychological number and most likely won’t mean much. It’ll either find support right above or right below.

We got some support at $53k which looks like it might hit in a few hours and more at $48K area. Both were previously resistance areas. Currently Bitcoin looks very weak and I think it will break the $53K because bounces are very weak.

Johnyz

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

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?

There’s a possibility that we enter into a bearish market especially if we broke down below the support level but don’t panic you can still hold and be more patience to wait for the next bull trend. There’s no assurance on every trend, always know what to do next and you can either cut loss or stay hold that’s you choice anyway.

Furious 7

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You are confident in what you hold and absolutely sure that bitcoin will definitely return to the price range of $60k or maybe above $70k because we don't know when this will happen, but for sure I will wait until early 2022 where many people think positively about bitcoin, so I will continue to hold bitcoin until it recovers.
Even though the estimate is now down but I don't lose bitcoin if the resistance reaches $50k then I'm ready to go back and buy it again.
I'm more confident in myself.

dimonstration

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Don’t pressure yourself too much when you’re goal is to hold longer. We all know that the price can bounce back in time we not sure yet, if we have extra cash as well emergency funds and other source of income then just holding your bitcoin will works well. Bitcoin already experience alot of situation from dip to rise , from banning as well on pandemic yet it was able to set new record every now and then. Trust your instinct or better balance it. Hold some and withdrew the half to lessen the fear.

UmerIdrees

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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?

Bitcoin has a very strong support between 52-53K and it should hold this support. In case this support is broken we may see below 50K bitcoin market for considerable amount of time.
December is the month for bull run, i doubt if it can happen this year. i think we may see a real bull run in first quarter 2022.

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

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?

Too early to tell since we are above that price as of now.
TBH, I'm thinking of the 2017-2018 scenario and it might happen today as well so if it will happen then we might see the market turning bearish at least at the start of 2022. Well, many will not like it to happen but... I'm thinking that it might happen.

Either way, I think being patient and calm is the only thing that we can do right now. Wait until the end of the year or possible until the first month of 2022. Make some plans in advance

. I'm also thinking of taking some profits at the end of the year or possible 1st quarter of 2022.

maydna

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So you just need to hold your bitcoin tight and not panic because I guess this situation can continue without knowing when it will be over. Perhaps, the price will not go above $60,000 shortly, but it will increase above $60,000 someday, even the price will hit the new ATH. Hopefully, it is not the beginning of the bearish market, but we can not do anything except still hold our coins.

GeorgeJohn

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Right now it seems that the price of bitcoin is approximately fifty five thousand (55k), but the current situation is fifty four thousand plus (54k) the movement is going backwards and forwards and never go above sixty thousand range. But i know vividly that bitcoin will be above sixty thousand (60k) within the remaining days or approximately early 2022, so in the aspect of speeding up to sell your bitcoin, everyone have target to sell a coin but i will advice not be in rush to sell, because the more bitcoin stays in your wallet the more it add more values.

cryptomaniac_xxx

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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?

Why not wait till the end of the year and see how it goes? If this is a repeat of 2017 then maybe we will still have a good increased next month and after that we may talk about the bearish trend?

So far we've just reached almost $70K, and this price is still far from the bubble that we are expecting. We should remain calm at his point, still we have a full month to see how the price is going to move, but hopefully we can see a bullish trend still.

Reid

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Could be. You are in panic and you might want to control the decision you will make from now on.
Calm down a bit, think back. Use the history of Bitcoin and never fall for FUD that are being spread around.
Are you a short-term holder or a long one? Because the price may flow back and forth in this ber months of the year which had been normal in the market of Bitcoin. Remember, the expectation for a December madness for the lightning to strike back is still going on.

Oshosondy

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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?

Topic: Bitcoin resistance and support price - page 7. (Read 977 times)