Topic: BTC at Crossroads (Read 229 times)

I still think we retrace a lot 62-66k feels about right.

but who knows.

we kind of in a 50k-75k slot since march nine months in that area.

a real break out is 80 and up. does this happen soon?🔜

we really are much better off if we get to 80k then move up to 100k and then shift to 111k and up.

to me its jan 2021 price is 40k and in the future was we got to 68k twice in 2021

so I am looking for at least 114k in 2025 earlier than may 1.

but past performance does not always predict the future.

Bitcoin's rollercoaster rides since it hit the current ATH at about $73,850 in March has not been hidden and no doubt it must have disappointed a lot of people when it narrowly edged closer to it last week after 7 months of waiting, for it hit $73,610, only to sharply moved downwards due to many US news and the uncertainty around the US election. This may continue for a while but Bitcoin could still head for higher levels soon, it's only at a crossroads. With more bullish outlooks and confirmations on the weekly chart, the bullish path might be intact despite some bearish threats.

On the weekly chart, the OsMA is positive, and so is the Fibonacci as Bitcoin holds above the last Fibo level of 23.6% at $59,940. But trendline has been the issue since March as seen above, it aided the wavy pattern of the coin. It ensured the price did not slip above it until last week, unfortunately, the coin could not close above the level.

This is the mentioned crossroad for Bitcoin, a determining level for bullish or bearish supremacy. The current spot of the line is at $69,280, a sustainable breach and a weekly close above it could signal a more determined bullish market that will have the needed momentum to hit and breach the current ATH ($73,850). On the other hand, the persistent holding above this level may give the Bears the upper hand.

Let me know your thoughts, guys!

I still think we retrace a lot 62-66k feels about right.

but who knows.

we kind of in a 50k-75k slot since march nine months in that area.

a real break out is 80 and up. does this happen soon?🔜

we really are much better off if we get to 80k then move up to 100k and then shift to 111k and up.

to me its jan 2021 price is 40k and in the future was we got to 68k twice in 2021

so I am looking for at least 114k in 2025 earlier than may 1.

but past performance does not always predict the future.

The only thing that is certain is that breaking the $73,850 price has become easier and therefore when the price approaches $73,000 we will definitely see levels closer to $80,000 quickly, so the question will be when will we return to $73,000 levels? The US elections may have a short-term impact and therefore a positive close above $69,000 levels for November means that we will definitely see $80,000 in December, any correction will only delay that.

I do not think that the bears have the upper hand, we are in the bullish state and so the sentiments are bullish obviously. Although the price has been very volatile since we had a new all time high last March, and it's the first time that we have experience a ATH pre-halving. But now, it's very different as Trump wins the election, and it has become the catalyst for a massive run this year and up to 2025. So let's see, we have seen $76k already and so that $80k-$90k is very near. And the good thing for us is that we have December, and as per historical logs, it's also a very good year for us and so everything could be possible at the end of the year. We could be smell that the 6 digits could be on reach and for sure everyone is going to be happy about when we unlock that.

Looking it won't go that way, thanks to Mr. Trump for giving the bears to move aside and let the bulls come along the road first.

That's fine if for some analysis like yours, it won't happen for this year. But like the unlikely that we see this early the $76k, the possibility remains there. But let's not hope too quickly so that there won't be a lot of expectation for BTC at the end of this year with a $100k. We're starting to see other analyses like that and say that it's possible. It's also fine if the price ranges are like $80k-$90k as that's more likely than the higher one that we've been waiting for BTC to hit for.

Based on my analysis, Bitcoin can not reach $100k this year, if it does, then there would be some arising factors that will definitely contribute to it and that might result from any event in regards to the victory of the new US President, other than that, I doubt we could see $100k this year, $85k - $90k could be possible.

On the other hand, the persistent holding above this level may give the Bears the upper hand.

Based on my analysis, Bitcoin can not reach $100k this year, if it does, then there would be some arising factors that will definitely contribute to it and that might result from any event in regards to the victory of the new US President, other than that, I doubt we could see $100k this year, $85k - $90k could be possible.

There is an ongoing correction in the market at the moment. Could it be that the market is retesting the previous ATH or that the effect of the news is over? I was thinking that as soon as Trump is announced we will see sudden jump of price from the current level to the projected 100k that people are expecting price to reach in this market cycle. If this election did not trigger that immediately, then it will likely happen next year. It is actually nice see how well the market have responded to the elections as I believe that is what most Bitcoiners want.

Bitcoin has created a new all time high this morning at $75, 400+ which was really as you spotted it the day before yesterday. From the look of the Market trend, I site that we might see another all time high before this month will come to and end.

This is the mentioned crossroad for Bitcoin, a determining level for bullish or bearish supremacy. The current spot of the line is at $69,280, a sustainable breach and a weekly close above it could signal a more determined bullish market that will have the needed momentum to hit and breach the current ATH ($73,850). On the other hand, the persistent holding above this level may give the Bears the upper hand.

Let me know your thoughts, guys!

When you say "the USD News," are you referring to news that has to do with the United States dollar, or are you referring to what I also think is "the United States Election"? (USA)

This is the mentioned crossroad for Bitcoin, a determining level for bullish or bearish supremacy. The current spot of the line is at $69,280, a sustainable breach and a weekly close above it could signal a more determined bullish market that will have the needed momentum to hit and breach the current ATH ($73,850). On the other hand, the persistent holding above this level may give the Bears the upper hand.

Let me know your thoughts, guys!

The only thing that is certain is that breaking the $73,850 price has become easier and therefore when the price approaches $73,000 we will definitely see levels closer to $80,000 quickly, so the question will be when will we return to $73,000 levels? The US elections may have a short-term impact and therefore a positive close above $69,000 levels for November means that we will definitely see $80,000 in December, any correction will only delay that.

The only thing that is certain is that breaking the $73,850 price has become easier and therefore when the price approaches $73,000 we will definitely see levels closer to $80,000 quickly, so the question will be when will we return to $73,000 levels? The US elections may have a short-term impact and therefore a positive close above $69,000 levels for November means that we will definitely see $80,000 in December, any correction will only delay that.

Bitcoin's rollercoaster rides since it hit the current ATH at about $73,850 in March has not been hidden and no doubt it must have disappointed a lot of people when it narrowly edged closer to it last week after 7 months of waiting, for it hit $73,610, only to sharply moved downwards due to many USD news and the uncertainty around the US election. This may continue for a while but Bitcoin could still head for higher levels soon, it's only at a crossroads. With more bullish outlooks and confirmations on the weekly chart, the bullish path might be intact despite some bearish threats.

On the weekly chart, the OsMA is positive, and so is the Fibonacci as Bitcoin holds above the last Fibo level of 23.6% at $59,940. But trendline has been the issue since March as seen above, it aided the wavy pattern of the coin. It ensured the price did not slip above it until last week, unfortunately, the coin could not close above the level.

This is the mentioned crossroad for Bitcoin, a determining level for bullish or bearish supremacy. The current spot of the line is at $69,280, a sustainable breach and a weekly close above it could signal a more determined bullish market that will have the needed momentum to hit and breach the current ATH ($73,850). On the other hand, the persistent holding above this level may give the Bears the upper hand.

Let me know your thoughts, guys!