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Topic: Bitcoin Resisting the below twenty thousand level - page 2. (Read 535 times)

sr. member
Activity: 1778
Merit: 309
Currently checking coinmarketcap and I can see that Bitcoin just moves between 19000-21000. I feel like global economic crisis may have affected Bitcoin positively. Even though Bitcoin market is open to total speculations I believe there are good enough reasons to keep buying more and more Bitcoins.
That is one factor affecting the market condition now. It was to see that the global economic situation is in crisis but I haven't expected that it will push the price of Bitcoin to move down below $18k. It is just the volatility of the market has shown to us, we've been in $21-$23k in the past weeks, it is something to say that maybe next week we are already up again above $20k. I actually positive how these BER months affecting the market condition but yes, we don't have to expect more.
legendary
Activity: 3122
Merit: 1102
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The market has undergone so many speculations from some self acclaim price analysts that have no basis for the speculation or have no data to back up the claims, but Bitcoin price has build a strong resistance at twenty thousand dollar but the bear build a more stronger pull back mechanism to keep Bitcoin price below that price range. Bitcoin is just following it regular price pattern and this can be traced to the track records of Bitcoin previous market price movement, in the coming weeks Bitcoin price will recover and move above that price speculation to a new price range with bull tendencies.

well, anyone can be a speculator of this market. but when it comes to how you will decide on this market, depends on how confident you are with your predictions. because of course, you will only invest if you feel you have a very good chance that you can make profits. and with what seemingly a good point to invest some on btc, a lot of people i guess are buying silently.
legendary
Activity: 2436
Merit: 1366
Currently checking coinmarketcap and I can see that Bitcoin just moves between 19000-21000. I feel like global economic crisis may have affected Bitcoin positively. Even though Bitcoin market is open to total speculations I believe there are good enough reasons to keep buying more and more Bitcoins. I tend to secure every Bitcoin I can find in old wallets right now. And I also fill my cold wallet with more and more.
hero member
Activity: 1008
Merit: 520
Leading Crypto Sports Betting & Casino Platform
The market has undergone so many speculations from some self acclaim price analysts that have no basis for the speculation or have no data to back up the claims, but Bitcoin price has build a strong resistance at twenty thousand dollar but the bear build a more stronger pull back mechanism to keep Bitcoin price below that price range. Bitcoin is just following it regular price pattern and this can be traced to the track records of Bitcoin previous market price movement, in the coming weeks Bitcoin price will recover and move above that price speculation to a new price range with bull tendencies.
hero member
Activity: 2660
Merit: 651
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A lot of speculation has been ditched out in the last 48 hours since Bitcoin battled to retain the 20 thousand dollars price even though some expect has predicted a more bearish market in the next month, and some others are of the view that the 20 thousand dollars price is the bearest minimum Bitcoin could fall back to.

At the moment Bitcoin is at a decisive level to either level up or pull back below the 20k dollars level, in the next coming day Bitcoin price will witnesses a lot of volatility we should be prepared for that and make a lot of speculation that can help analyze the market and it grows.
No one can be right when it comes to an uncertain market because all we have are just predictions and there are no guarantees if it will be possible or not. However, knowing the fact that bitcoin is so volatile, its value might have further drops or might be moving upward and skyrocket. But as long as this bear market stays in the market, expect that bitcoin will have a hard time reaching significant value.
First, I don't think people need to believe the prediction of the so called expert which purpose was just to fraud the newbies in the market with naive market prediction.
Despite the Bitcoin market been uncertain venue there are still some event that can be use to get the market next momentum and an explain is the nature of the BTC mining difficulty.
In the meantime, I expect the market to experience some dump in price in the future and that doesn't mean there wont be any flash bullish market.
hero member
Activity: 3052
Merit: 606
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True, there is a lot of fear in the market right now, and investors see it as too risky to participate. Personally, I believe we have reached the bottom, but in this market, the unexpected always happens. Because that is the formal resistance level in 2017, $20k appears to be a strong surport level. If the level is broken in the bear's favor, $14k may be in play.
We can't rid of these weak hands and doubtful mindsets, I'd see this and consider the impact of every drop that it showed. However, this won't make the market drop more because once there are selling low, many investors are willing to catch it which is why it never drops more but see a sustainable market.
And I'd never think about $14k - we have done with the bottom already, that is what I see and this dropping scenario won't take so long.
Apparently, this whole bearish market will be over soon and a new ATH for bitcoin will become visible. But for now, let’s leave it there. Strong hands will always see every opportunity that comes every time bitcoin drops while leaving those weak hands continue to panic because of their wrong mindset and perspectives in crypto. Although I’m also having the thought that bitcoin won’t fall further below $20k, but if there are sudden negative events that will trigger the market, then expect that inevitable price drops will be possible to happen.
hero member
Activity: 2856
Merit: 674
A lot of speculation has been ditched out in the last 48 hours since Bitcoin battled to retain the 20 thousand dollars price even though some expect has predicted a more bearish market in the next month, and some others are of the view that the 20 thousand dollars price is the bearest minimum Bitcoin could fall back to.

At the moment Bitcoin is at a decisive level to either level up or pull back below the 20k dollars level, in the next coming day Bitcoin price will witnesses a lot of volatility we should be prepared for that and make a lot of speculation that can help analyze the market and it grows.
No one can be right when it comes to an uncertain market because all we have are just predictions and there are no guarantees if it will be possible or not. However, knowing the fact that bitcoin is so volatile, its value might have further drops or might be moving upward and skyrocket. But as long as this bear market stays in the market, expect that bitcoin will have a hard time reaching significant value.
hero member
Activity: 2842
Merit: 772
The price seems to be moving slowly, not fast and waiting for something.
The price itself continues to fluctuate as usual and maybe something will happen in the next month, which is only a short time away.
We must anticipate all possibilities that can occur so that we can adapt to all situations and conditions.
If the price should go down, prepare your money to buy more bitcoins because that means the time for the discount has come.

It's the end of the month and hopefully just above $20K and then we might see a lot of sideway pattern again next month. Yes, I do agree that we should anticipate all possibilities, another lower lows and dips, nevertheless, we are in a bear market so just expect the worst. Buying the dip is the best strategy in this cycle, and as long as you can afford to lose or at least money that you are willing to invest long term, till the next bull run then it's good to buy this cheap bitcoin. So far the price based on coinmarketcap is $20,204.24.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
The price seems to be moving slowly, not fast and waiting for something.
well waiting for investors ? or waiting for sellers ? either both it will be a good movement for Bitcoin and for us holders.

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The price itself continues to fluctuate as usual and maybe something will happen in the next month, which is only a short time away.
nope. there is no fluctuation happening right now  mate though there isa  small lowering couple das ago but now seems to be strong at 20k again.
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We must anticipate all possibilities that can occur so that we can adapt to all situations and conditions.
there are news and situation to expect and that is some bad coming .
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If the price should go down, prepare your money to buy more bitcoins because that means the time for the discount has come.
if you are willing to keep then stay holding , if not then best to sell it now.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
The price seems to be moving slowly, not fast and waiting for something.
The price itself continues to fluctuate as usual and maybe something will happen in the next month, which is only a short time away.
We must anticipate all possibilities that can occur so that we can adapt to all situations and conditions.
If the price should go down, prepare your money to buy more bitcoins because that means the time for the discount has come.
legendary
Activity: 2534
Merit: 1338
A lot of speculation has been ditched out in the last 48 hours since Bitcoin battled to retain the 20 thousand dollars price even though some expect has predicted a more bearish market in the next month, and some others are of the view that the 20 thousand dollars price is the bearest minimum Bitcoin could fall back to.

At the moment Bitcoin is at a decisive level to either level up or pull back below the 20k dollars level, in the next coming day Bitcoin price will witnesses a lot of volatility we should be prepared for that and make a lot of speculation that can help analyze the market and it grows.

We did try to manage to go above $20k, but then again in the last 12 hours or so, volume was busy and there are a lot of sell orders again, and as per cmc, $19,698.

I think we will go above $20k again, as this is a big mental support for traders. Maybe those speculators are selling for quick flip profit. Nevertheless long term holders are going to buy at this price again and take advantage of the sub $20k price.
Traders and investors alike realize how important is the current battle that we're seeing, if the price of bitcoin is unable to hold the 20k level we do not really know how low the price could go, and it is because of this that the bears are so determined to bring the price below that level, on the other hand the strong hands also realize that if the price of bitcoin can hold the current attack of the bears then the possibility of bitcoin going below that level during the next months will be reduced significantly, so they know there is a lot at stake here and it is likely we will see a very bitter battle for days before we can clearly tell which side is the one that won.
sr. member
Activity: 1638
Merit: 255
Prices below $20k have happened several times in 2022, and it only took less than a week to get back to the $20k level, and I'm glad yesterday bought around $230 when the price was $19700, if selling now it would have been more than 5% profit, but I will hold or buy more even if the price is already over $20500.

It is true that the price of Bitcoin seems to have moved not far from the $20k price, as you said several times the Bitcoin price fell below the $20k price,
but it always goes back up to $20k. This means Bitcoin is likely to stabilize at $20k until the end of the year, and we don't have to worry that Bitcoin
will drop very far below $20k. That's why we can take advantage of this stable Bitcoin movement for short-term investments or scalping.

So whenever Bitcoin price drops below $20k, we should not hesitate to buy Bitcoin and we will sell when Bitcoin price rises to $20k price. Indeed,
the profit generated is small, but if we do it over and over again until the end of this year it looks like it can give a big enough profit. Moreover,
we dare to use large capital, of course the profit generated will be much greater. But just in case the price of Bitcoin suddenly pumps very high
by returning to the $30k price, we can part of our capital for long-term investment in Bitcoin. That way whatever happens to Bitcoin we can still
get benefit.
legendary
Activity: 3080
Merit: 1353
A lot of speculation has been ditched out in the last 48 hours since Bitcoin battled to retain the 20 thousand dollars price even though some expect has predicted a more bearish market in the next month, and some others are of the view that the 20 thousand dollars price is the bearest minimum Bitcoin could fall back to.

At the moment Bitcoin is at a decisive level to either level up or pull back below the 20k dollars level, in the next coming day Bitcoin price will witnesses a lot of volatility we should be prepared for that and make a lot of speculation that can help analyze the market and it grows.

We did try to manage to go above $20k, but then again in the last 12 hours or so, volume was busy and there are a lot of sell orders again, and as per cmc, $19,698.

I think we will go above $20k again, as this is a big mental support for traders. Maybe those speculators are selling for quick flip profit. Nevertheless long term holders are going to buy at this price again and take advantage of the sub $20k price.

We did just now, $20,300 ain't that bad after going below it and others might nervous and panic when it see the price going hard below that support line. nevertheless, we all know how resilient Bitcoin is in defending it's price support.

Maybe in the next 2 weeks, the price will go up again, to $25,000 that was the last great price increased we have two weeks ago before it went crazy downward again. So hopefully this will be the case so this is another great opportunity to bag some BTC and wait till it pop up again next month.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
A lot of speculation has been ditched out in the last 48 hours since Bitcoin battled to retain the 20 thousand dollars price even though some expect has predicted a more bearish market in the next month, and some others are of the view that the 20 thousand dollars price is the bearest minimum Bitcoin could fall back to.

At the moment Bitcoin is at a decisive level to either level up or pull back below the 20k dollars level, in the next coming day Bitcoin price will witnesses a lot of volatility we should be prepared for that and make a lot of speculation that can help analyze the market and it grows.
20k resistance did not stand long because after few days of staying in that position ? now Bitcoin had lost its chance to 20k positioning and now maintaining 19k price.

https://coinmarketcap.com/currencies/bitcoin/
Am not sure but it looks like bitcoin stays again back to 20k above?

but this is not completely strong until the price maintain the 25k above value in which only stays 1 day weeks ago.

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But what i have been reading since last week is that bitcoin will plunge to 17k and indeed this is the time to buy more.
actually there is more on 13k dropping that speculator had mentioned mid of this year but until now it seems to be far from happening.
hero member
Activity: 2632
Merit: 833
A lot of speculation has been ditched out in the last 48 hours since Bitcoin battled to retain the 20 thousand dollars price even though some expect has predicted a more bearish market in the next month, and some others are of the view that the 20 thousand dollars price is the bearest minimum Bitcoin could fall back to.

At the moment Bitcoin is at a decisive level to either level up or pull back below the 20k dollars level, in the next coming day Bitcoin price will witnesses a lot of volatility we should be prepared for that and make a lot of speculation that can help analyze the market and it grows.

We did try to manage to go above $20k, but then again in the last 12 hours or so, volume was busy and there are a lot of sell orders again, and as per cmc, $19,698.

I think we will go above $20k again, as this is a big mental support for traders. Maybe those speculators are selling for quick flip profit. Nevertheless long term holders are going to buy at this price again and take advantage of the sub $20k price.
hero member
Activity: 2884
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Prices below $20k have happened several times in 2022, and it only took less than a week to get back to the $20k level, and I'm glad yesterday bought around $230 when the price was $19700, if selling now it would have been more than 5% profit, but I will hold or buy more even if the price is already over $20500.
The price can recover easily once we hear a good news, but right now we are still struggling and aiming for that resistance level and it seems very hard for BTC. We have to deal for a cheaper price for now and take this chance to accumulate more, BTC might go and test another bottom so watch for the price signal before you buy. 2022 is a year of pump and dump, better choose your best side now and keep holding.
I personally think that we are in one of those market conditions in which even if we got good news that could affect positively the fundamentals of bitcoin I do not believe there is going to be too much of a positive movement in the price of bitcoin, and this is because the economy is in such bad shape right now, and the prospects are that things are going to get much worse before they improve, that this is making a lot of people to think about it twice before investing in bitcoin, and even if I think it is the right decision to buy bitcoin now, there is not a lot people that are willing to hold their coins for long enough to see the next bull market.
sr. member
Activity: 2044
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Prices below $20k have happened several times in 2022, and it only took less than a week to get back to the $20k level, and I'm glad yesterday bought around $230 when the price was $19700, if selling now it would have been more than 5% profit, but I will hold or buy more even if the price is already over $20500.
The price can recover easily once we hear a good news, but right now we are still struggling and aiming for that resistance level and it seems very hard for BTC. We have to deal for a cheaper price for now and take this chance to accumulate more, BTC might go and test another bottom so watch for the price signal before you buy. 2022 is a year of pump and dump, better choose your best side now and keep holding.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom

At the moment Bitcoin is at a decisive level to either level up or pull back below the 20k dollars level, in the next coming day Bitcoin price will witnesses a lot of volatility we should be prepared for that and make a lot of speculation that can help analyze the market and it grows.
You said everything wrong, after 24 hours nothing changed literally nothing. Just now I checked the last 24 hours price change which is 0.2% that is too much negligible for bitcoin and it remains at 20K so there is no decisive day and no one can predict which day will be that day so better not to waste your time to find the perfect moment.
I hope you have not misunderstood my point, but from what you have said, you are absolutely right no body can predict the direction the price will go and if we are sincere with our self we are in for a long-term Bitcoin bear market and this has been witnessed in the price over the weeks past.

But at this point when Bitcoin touched the below 20k price yesterday before it quickly reband back to 20k, it shows some resistance level up which points to the fact that 20k is a strong resistance level.
Even I do accept that 20K has good resistance point simply because in the previous cycle it was the ATH price of bitcoin, apart from this I don't have any statistics analysis to prove my claim so I just go with my instinct.

A while back when bitcoin dropped to $17K in no time it hoped back to $23K region but it all happens naturally and no one can actually predict the next move even now if something disastrous happen even manipulation can bring down the prices further.
hero member
Activity: 2702
Merit: 672
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I don't think $20k matters that much, the price has bounced here and there so far in here, The price has dipped below $20k in the past few days and before that, it came from above $20k, so we should be looking at somewhere above there for now, unless BTC drops down again to below $20k and stays for a fair bit there. I also don't think it's impossible to go down below with all the FUD that's come out with the Mt.Gox thingy, but it also won't last since people would probably rush to buy once the price drops.
sr. member
Activity: 1666
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The price have made a bounce reaching above $20k and this is good for now. How this gets carried forward isn't a known fact. For now it is time to make use of the volatility. Because, few other events were consecutively scheduled for the upcoming month. By the time the market can experience a decline or else a uptrend. This is completely upon that moment. For now price movement is good for the week's progress.
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