BTC broke through 33,500 USDT - page 2.

STT

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Recovery into the range then with strength through the 50 day is impressive and thats the exciting bit. Now it has to consolidate and form a confirmation of this action on daily and weekly bars, obviously takes time to do so. We retract and move more boring again for now but well played to those that saw some build into this movement. Even if we did reverse from here, nice trade anyway.

Trying to learn and go on what I've found most reliable in the past, the bottom prices do show strength whatever happens with these highs. Price held itself above the 50 week average, good general appreciation I think has to be acknowledged as longer term positive direction. The rumour on Amazon might falter a little, I dont know I dont care about words and news really but in the chart its not yet free of restraint.

Clavulanic

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Quote from: gfhuy on July 09, 2021, 10:12:40 AM

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

As the latest update I got for now, we"re currently at $34k and above. Recently I've been having close monitoring at binance trading site, because I also had some small tokens stored on them. It's been unexpected that price will suddenly spoke on that level, lastly we just see it going down until $29k and now we're experiencing how amazing it was coping up with bear market.

snipie

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Quote from: rahmatrf331 on July 22, 2021, 12:36:18 AM

everyone expects bitcoin in this week to break through $ 40,000 and the reality is now still between $ 30,000 - $ 34,000. the rate of decline is not too painful for investors, everyone's expectations seem to be fulfilled and hopeful.
will this hope last? Or is bitcoin even more painful for investors in the future?

Bitcoin price will break this level for sure, it is a matter of time. Look to the positive aspect, the price increased by $5k in few days and kept quite stable. Huge fluctuations aren't good but a healthy and stable recover is always welcome.

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Quote from: Dave1 on July 10, 2021, 09:44:01 AM

Quote from: gfhuy on July 09, 2021, 10:12:40 AM

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

Actually it reaches as high as $34,xxx on some exchanges, but this is like 12 hours ago. But after that I have observed the price to slowly declining again. But let's see, it is above $33,500 now and hope it can break $34k barrier again.

At least this weekends, we might see some positive signs of the market movement going into positives. We don't want the price to go like ~$30k.

everyone expects bitcoin in this week to break through $ 40,000 and the reality is now still between $ 30,000 - $ 34,000. the rate of decline is not too painful for investors, everyone's expectations seem to be fulfilled and hopeful.
will this hope last? Or is bitcoin even more painful for investors in the future?

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Quote from: cryptomaniac_xxx on July 21, 2021, 04:48:16 AM

Quote from: traderethereum on July 21, 2021, 04:26:56 AM

Quote from: BigBos on July 20, 2021, 02:19:28 AM

well, currently the price of bitcoin is under $30k. I was quite surprised to see it. but because the crypto world is like this, it seems that those who hold bitcoins need to be patient. In addition, this decline caused almost all altcoins to go down. well, I'm still expecting the price to rise again and be above the $40k price again.

The price is back to $30k and it seems to want to break $31k because the price now is at $30,900 level price.
If this situation can be like this, maybe this day, we will see bitcoin will be back to $31k and people can sell their bitcoin and take profit.
But it needs more observation and analysis to know if bitcoin will still go up to the higher price because no sign shows that.
We are only speculating about what will happen to bitcoin but the truth is we do not know for sure.
The altcoin just follows behind bitcoin and some altcoin already increases, but it still needs more time for the altcoin to jump to the high price.

Yeah, surprise, surprise, after a scary $29k meltdown in the last 24 hours, the price suddenly has some life again and climbing back to $32k. Hopefully it can go back again so that the support on $30k could be established again.

We really don't know what's the cause of the price going down though, maybe the bots again being triggered or manipulators wanted to bring the price so that they can buy cheap again and then short.

That is a little surprising because I do not expect to see the price can back to $31k but it did happen.
Hopefully, the support increase to $30k and not going down again because that can make people panic.
I think the price wants to give us the profit after getting down in the last week to make a profit although not much, but that still profit to us.
If the price is down again, we can buy back at a low price and if that continues like that, we can expect to make more profit from bitcoin.

cryptomaniac_xxx

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Quote from: traderethereum on July 21, 2021, 04:26:56 AM

Quote from: BigBos on July 20, 2021, 02:19:28 AM

well, currently the price of bitcoin is under $30k. I was quite surprised to see it. but because the crypto world is like this, it seems that those who hold bitcoins need to be patient. In addition, this decline caused almost all altcoins to go down. well, I'm still expecting the price to rise again and be above the $40k price again.

The price is back to $30k and it seems to want to break $31k because the price now is at $30,900 level price.
If this situation can be like this, maybe this day, we will see bitcoin will be back to $31k and people can sell their bitcoin and take profit.
But it needs more observation and analysis to know if bitcoin will still go up to the higher price because no sign shows that.
We are only speculating about what will happen to bitcoin but the truth is we do not know for sure.
The altcoin just follows behind bitcoin and some altcoin already increases, but it still needs more time for the altcoin to jump to the high price.

Yeah, surprise, surprise, after a scary $29k meltdown in the last 24 hours, the price suddenly has some life again and climbing back to $32k. Hopefully it can go back again so that the support on $30k could be established again.

We really don't know what's the cause of the price going down though, maybe the bots again being triggered or manipulators wanted to bring the price so that they can buy cheap again and then short.

traderethereum

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Quote from: BigBos on July 20, 2021, 02:19:28 AM

well, currently the price of bitcoin is under $30k. I was quite surprised to see it. but because the crypto world is like this, it seems that those who hold bitcoins need to be patient. In addition, this decline caused almost all altcoins to go down. well, I'm still expecting the price to rise again and be above the $40k price again.

The price is back to $30k and it seems to want to break $31k because the price now is at $30,900 level price.
If this situation can be like this, maybe this day, we will see bitcoin will be back to $31k and people can sell their bitcoin and take profit.
But it needs more observation and analysis to know if bitcoin will still go up to the higher price because no sign shows that.
We are only speculating about what will happen to bitcoin but the truth is we do not know for sure.
The altcoin just follows behind bitcoin and some altcoin already increases, but it still needs more time for the altcoin to jump to the high price.

BigBos

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well, currently the price of bitcoin is under $30k. I was quite surprised to see it. but because the crypto world is like this, it seems that those who hold bitcoins need to be patient. In addition, this decline caused almost all altcoins to go down. well, I'm still expecting the price to rise again and be above the $40k price again.

LUCKMCFLY

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Bitcoin at the moment has been in some uncertainty, as it has normally been falling to the levels of $ 31k, this time the bears have had some success but it is a matter of waiting to see how it continues to develop, it may be that the bulls are about to fight back:

Quote

The bulls may not let go of the $30,000 support easily. If they achieve a strong rebound off it and push the price back above $31,000, it will suggest accumulation at lower levels. A breakout and close above the 20-day exponential moving average ($32,966) will be the first sign of strength.

Source: https://cointelegraph.com/news/price-analysis-7-19-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

Everything is a matter of waiting, some think that it will reach $ 30k, if everything goes well it is likely that it will recover at least to $35k.

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Quote from: 7788bitcoin on July 19, 2021, 04:35:30 PM

Quote from: peter0425 on July 19, 2021, 12:16:40 AM

maybe this is what we need to face this whole 3rd quarter because we will be seeing some good action from the start of 4th quarter and until year end.

The market is idle for the past few days and even i do expect that this will be the trend going forward till the end of this quarter and we might see another big rally by the fourth quarter and end the year at an all time high or new to the all time high valuation and then we might see a correction. We can only speculate but that is what i think that is going to happen unless there is huge investment coming in or any hype in the coming months.

That's what I expect also in 4th quarter of this year but for this quarter I didn't expect any huge movements since ghost month is coming and many expect that market is dumping at that time, I don't know what's the reason behind it but seems many traders from the past are believing on this superstitious beliefs when August comes. Also yeah I agree we can really speculate since we don't know accurately on what will happen the only one we are waiting for now is to wait if there's big cash flow going to market or there are people starting to panic and see if the market is crashing.

7788bitcoin

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Quote from: peter0425 on July 19, 2021, 12:16:40 AM

maybe this is what we need to face this whole 3rd quarter because we will be seeing some good action from the start of 4th quarter and until year end.

The market is idle for the past few days and even i do expect that this will be the trend going forward till the end of this quarter and we might see another big rally by the fourth quarter and end the year at an all time high or new to the all time high valuation and then we might see a correction. We can only speculate but that is what i think that is going to happen unless there is huge investment coming in or any hype in the coming months.

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Quote from: gfhuy on July 09, 2021, 10:12:40 AM

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

And stays at 31k again now for 5 days now

https://coinmarketcap.com/currencies/bitcoin/

maybe this is what we need to face this whole 3rd quarter because we will be seeing some good action from the start of 4th quarter and until year end.

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Quote from: lienfaye on July 18, 2021, 09:08:39 PM

Quote from: Kelvinid on July 18, 2021, 05:53:16 PM

Quote from: rhodelmabanal on July 18, 2021, 05:10:55 PM

Quote from: gfhuy on July 09, 2021, 10:12:40 AM

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

Btc now stock on 31k$ and I think it will never fall down below 30k$ and it will rise again back to 60k$ I still have faith that the bitcoin will reach up to 100k$ and I never expect that it will fall down under 30k$. If bitcoin fall down below to 30k$ maybe we will not reach 100k$ this year. The market is always changing so we can always expect some good or bad news and it will always reflect on the price and all we need to do is to hold.

It was able to sustain from that level for several weeks but seeing it bale to rise back for $60k, that seems impossible. Looking at the current market behavior, I can say that we are closely moving back to the bear season. We can't just feel it's a straight dump but if we try to evaluate the behavior of altcoins, they are declining badly.

We are hoping that Bitcoin will rally back and uplift the current situation but we have also to prepared for the worse and that once it drop below $30k, I'm afraid it was the start of the bear.

We are already in third quarter and no major changes at all. The price is currently at $31k and having a hard time to recover consistently. So yes it seems impossible to reach the last ath due to lack of good news that can affect btc or the market as a whole. Anyway holding is still the best decision at the moment since this kind of situation is just temporary though there's no timeframe until when.

in the next week bitcoin there will be an increase of 10% based on my predictions and that's for sure. bitcoin seems to be starting right now and you have to believe it.
the third quarter starts in 2021, the price correction has started to improve and maybe at the end of this year bitcoin will grow 50% from the previous price.

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Quote from: Kelvinid on July 18, 2021, 05:53:16 PM

Quote from: rhodelmabanal on July 18, 2021, 05:10:55 PM

Quote from: gfhuy on July 09, 2021, 10:12:40 AM

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

Btc now stock on 31k$ and I think it will never fall down below 30k$ and it will rise again back to 60k$ I still have faith that the bitcoin will reach up to 100k$ and I never expect that it will fall down under 30k$. If bitcoin fall down below to 30k$ maybe we will not reach 100k$ this year. The market is always changing so we can always expect some good or bad news and it will always reflect on the price and all we need to do is to hold.

It was able to sustain from that level for several weeks but seeing it bale to rise back for $60k, that seems impossible. Looking at the current market behavior, I can say that we are closely moving back to the bear season. We can't just feel it's a straight dump but if we try to evaluate the behavior of altcoins, they are declining badly.

We are hoping that Bitcoin will rally back and uplift the current situation but we have also to prepared for the worse and that once it drop below $30k, I'm afraid it was the start of the bear.

We are already in third quarter and no major changes at all. The price is currently at $31k and having a hard time to recover consistently. So yes it seems impossible to reach the last ath due to lack of good news that can affect btc or the market as a whole. Anyway holding is still the best decision at the moment since this kind of situation is just temporary though there's no timeframe until when.

Kemarit

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Quote from: STT on July 18, 2021, 06:58:32 PM

Quote

41,000 BTC unlocking in the next couple of days

Its more then a little bearish in outlook as we're at the tail of a long line of sells, alongside news like this quoted its fair to say some market participants are heavily apprehensive but this is also a point to call out very apparent negativity. When market is one sided like too many people on one side of the boat, expect an upset. An upset to an obvious bearish outlook is a possible rise. I'am referring more to a trading type movement but I think its a fair possibility.

Yes, and we have been seeing a lot of sell offs already even before the unlocking. And it seems that it is over, price goes on $31k, still far cry from the last all time high, but at least this market didn't go to $20,000 or something because of the GBTC unlocking.

But the outlook still remains bearish though and we might see this in the next couple of months still. I know this is not what we all wanted to see but we have to face it. Negativity is one part of the equation, depends on how we are going to look at it as a investors or traders.

STT

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Quote

41,000 BTC unlocking in the next couple of days

Its more then a little bearish in outlook as we're at the tail of a long line of sells, alongside news like this quoted its fair to say some market participants are heavily apprehensive but this is also a point to call out very apparent negativity. When market is one sided like too many people on one side of the boat, expect an upset. An upset to an obvious bearish outlook is a possible rise. I'am referring more to a trading type movement but I think its a fair possibility.

Boov

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Quote from: gfhuy on July 09, 2021, 10:12:40 AM

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

How I wish this would continue to pump in upcoming weeks until such time we will experience faster climb. What I observed right now is the stability of btc price l, in fact it goes down below that price down to $31k, and I was anxiously seeing a possible crash towards $20k but the resistance was stronger than before.

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Quote from: rhodelmabanal on July 18, 2021, 05:10:55 PM

Quote from: gfhuy on July 09, 2021, 10:12:40 AM

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

Btc now stock on 31k$ and I think it will never fall down below 30k$ and it will rise again back to 60k$ I still have faith that the bitcoin will reach up to 100k$ and I never expect that it will fall down under 30k$. If bitcoin fall down below to 30k$ maybe we will not reach 100k$ this year. The market is always changing so we can always expect some good or bad news and it will always reflect on the price and all we need to do is to hold.

It was able to sustain from that level for several weeks but seeing it bale to rise back for $60k, that seems impossible. Looking at the current market behavior, I can say that we are closely moving back to the bear season. We can't just feel it's a straight dump but if we try to evaluate the behavior of altcoins, they are declining badly.

We are hoping that Bitcoin will rally back and uplift the current situation but we have also to prepared for the worse and that once it drop below $30k, I'm afraid it was the start of the bear.

rhodelmabanal

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Quote from: gfhuy on July 09, 2021, 10:12:40 AM

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

Btc now stock on 31k$ and I think it will never fall down below 30k$ and it will rise again back to 60k$ I still have faith that the bitcoin will reach up to 100k$ and I never expect that it will fall down under 30k$. If bitcoin fall down below to 30k$ maybe we will not reach 100k$ this year. The market is always changing so we can always expect some good or bad news and it will always reflect on the price and all we need to do is to hold.

wxa7115

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Quote from: STT on July 12, 2021, 10:24:26 AM

Iam not that optimistic on its recent action unless it keeps on making higher lows, all I see presently is maintaining a support level which is not quite as bullish. Its not keeping above various momentum measures especially and its lost a trend for now at least the most positive thing I could say is we go sideways. It really depends how much expectation there is in the price, if people are still there expecting easy gains then we probably lose those people and decline some.

And it seems to me as if you are right about your observations of the market, right now going sideways seems like the best option that we can hope for and even that is not a sure thing right now as the price is getting closer to the 30k support.

We will have to keep a very close eye to that level because if it is broken and panic takes over the market once again then we could see another heavy correction during this month, and while that can be great for those that like to buy the dip for the rest that were expecting a recovery after the dramatic drop in price that we saw this could be enough to make them get out of this market for good.

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