Topic: BTC broke through 33,500 USDT - page 3. (Read 788 times)
But now, it's stuck at a level under $32k. It's really boring to follow the movements of Bitcoin price nowadays. Because there is nothing really exciting happening recently. We've been just watching it strolling around $33k mostly.
So what's the point? I mean bitcoin is up a bit in 24 hours but it doesn't mean it will pump, it's not a significant increase so eventually, the price movement will just stick to the trend which is not bullish anymore. Bitcoin is down again, 3.36% in 24 hours and this time hit the $31k marked, and could dump below $30k, IMO that's where another panic will start.
If the bear party happens, it can reach $ 30k, although I don't think the bulls will let themselves reach that price level, I think they will not drop the price of BTC that much.
This is a very volatile market and price can dump and pump 10%-20% in 24 hours. Haven't we experienced it?The current condition is a condition commonly referred to as a sideway where the price is still trying to break through the resistance but repeatedly fails so that the effect is a correction until it hits the support level. $30K would still be a good support level for now, but there is still a chance that it will be broken due to sell panic.
Bitcoin has been forming a slight bearish trend, so it is seen that it has fallen by 2.4%, this due to the uncertainty of the market that the bulls have not yet decided to make a forceful move, the bears are taking advantage of some opportunities that are being offered. :
If the bear party happens, it can reach $ 30k, although I don't think the bulls will let themselves reach that price level, I think they will not drop the price of BTC that much.
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On the daily chart, Bitcoin (BTC) could not rise after a false breakout of the $32,000 mark. If the daily candle closes below this vital level, there are chances to see an ongoing drop to the support zone around $30,000.
Source: https://u.today/btc-xrp-yfii-doge-and-ada-price-analysis-for-july-15If the bear party happens, it can reach $ 30k, although I don't think the bulls will let themselves reach that price level, I think they will not drop the price of BTC that much.
Well, to everyone they should do as they like. I get that a lot of people made money during the TikTok challenge Doge thing last year, and also a lot of people made huge amounts from Gamestop and then Elon's tweets, good for them. But this is something different for me. To get involved like this and pretending to care. I don't care if people want to pump and dump, they all deserve what they get but then to come in the industry and pretend to care and make a change? Something completely different for me.
That's the thing, those people who you do not care about caused the crypto price to be a lot more volatile and the money to go towards wrong things. For example, if doge didn't increased but the same money went towards bitcoin we could have seen bitcoin go to 80k maybe or even 100k and then we would have all other coins to go up at the same time as well, we would still eth at 5-6k and maybe bnb at 1k, because bitcoin increased as well. That is what we should be focusing on, the fact that bitcoin is going up, all other smaller coins that are "meme coins" getting money is a pure waste because I know that it will definitely go down eventually and that is just not something I can handle or bare to see.You do not care about it but all of that ends up hurting you as well in the long run, or at least not helping you as much as it should and that really matters.
Fair enough, but I see all their wrong actions as only temporary that will actually only help Bitcoin in the long run. I take the 2017 and 2018 events as an example of this lesson. They tried to split Bitcoin in 2017, and in fact many many splits happened. But the forks died, and even those who previously asked for big blocks many of them returned to Bitcoin and admitted they were wrong. But there was proof it was wrong.
That actually made Bitcoin even stronger because outsiders saw how it survived and grew stronger and now Segwit is not contested and adopted even by every other altcoin doing PoW.
So I kinda disagree it hurts in the long run:)
It is obvious that the price will not go higher, we are somewhat in a bearish trend now, (admit it or not),
There are more trends than the two bull/bear trends in markets!And if we were in a bear trend then price should have continued going down consistently instead of dropping once 2 months ago and then be stuck in the same price for 2 months!
This trend is called going sideways not bull nor bear, and it is more like an accumulation phase rather than anything else.
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 + 2.47%
We don't know what's next that going to move right now, let's just be calm on this state of btc. It might not perform well in the next few days, because it seems that unpredictable fluctuations has heading for a strong support to break the bears. Bullrun needs adequate momentum before we push through our asset, in order to decide and take our sustainable profit gains.
The drops in bitcoin price do not impact altcoin too much because some top altcoin lists still at the current price and not moving down significantly. But if bitcoin still goes down, that can impact the altcoin price to go down for more.
Price below 40K is not a major milestone break. It will just consolidate at that level until big volume enter to push the price above 40k once again. Due to recent fud of China, Bitcoin needs a big good news equal or greater than that to overcome the fear index that we are experiencing right now. The market is full of uncertainty and doubt which result to indecision on trend direction.
Price is on another correction, as OP pointed out, yes we broke $33,500 could be major milestones for others, but now the price is declining to $31k and we really don't know what's the real cause of another dump.
Others said that it has something to do wih the 41,000 BTC unlocking in the next couple of days. But I do believed otherwise. Or maybe it will have a effect but I'm not expecting a drastic or massive downfall again to $28k.
Price below 40K is not a major milestone break. It will just consolidate at that level until big volume enter to push the price above 40k once again. Due to recent fud of China, Bitcoin needs a big good news equal or greater than that to overcome the fear index that we are experiencing right now. The market is full of uncertainty and doubt which result to indecision on trend direction.
If the big good news is not coming, maybe bitcoin will stay at the current price and not going higher or lower. $40k will be the first barrier that bitcoin price should break because that price is not easy to penetrate. The price now almost breaks the $33k level again and seems to go back to the $32k level. But even if the price is back to that level, the price will have another chance to increase. The market can not be predicted and it is hard to analyze where the price will go tomorrow so we can just wait and try to buy at a low price if we want.It is obvious that the price will not go higher, we are somewhat in a bearish trend now, (admit it or not), and now in the last 24 hours, the price is below $32k. I haven't check was it the cause of the sudden downside again, perhaps there could be another bad media circulating around. So in any case, it might take some time to get out of this bearish trend. And as investors, this boring and dull trend might not suit us. But the best thing to do is to continue to accumulate during this kind of trend and take advantage of cheap bitcoin.
Well, to everyone they should do as they like. I get that a lot of people made money during the TikTok challenge Doge thing last year, and also a lot of people made huge amounts from Gamestop and then Elon's tweets, good for them. But this is something different for me. To get involved like this and pretending to care. I don't care if people want to pump and dump, they all deserve what they get but then to come in the industry and pretend to care and make a change? Something completely different for me.
That's the thing, those people who you do not care about caused the crypto price to be a lot more volatile and the money to go towards wrong things. For example, if doge didn't increased but the same money went towards bitcoin we could have seen bitcoin go to 80k maybe or even 100k and then we would have all other coins to go up at the same time as well, we would still eth at 5-6k and maybe bnb at 1k, because bitcoin increased as well. That is what we should be focusing on, the fact that bitcoin is going up, all other smaller coins that are "meme coins" getting money is a pure waste because I know that it will definitely go down eventually and that is just not something I can handle or bare to see.You do not care about it but all of that ends up hurting you as well in the long run, or at least not helping you as much as it should and that really matters.
Not all of us all sorry:) I don't like Musk at all, don't really trust Dorsey, and if we're waiting for dudes like them to pump prices up, we have to equally be prepared for dudes like them to dump prices hard when they're done. And trust me, these guys don't care for bitcoin or the long term goals, they only want to feed their ego and get richer than they already are. They don't care about "us" in crypto:)
people who invest only because they depend on elon musk in my opinion are people who have no stand at all and depend their money on the influence of others, they tend not to think about the losses they can get when that person's influence is lost, like elon musk who I think he has manipulated and made the crypto market as if it was in his hands, and logically we can say that all this time Elon Musk has used his influence only for his own personal and company without caring about people who have been followers and believe by his words. In my opinion, people who follow Elon Musk FOMO tend to be irrational in placing their funds for crypto investments without being accompanied by good analysis and planning, so when prices drop they will immediately panic.Well, to everyone they should do as they like. I get that a lot of people made money during the TikTok challenge Doge thing last year, and also a lot of people made huge amounts from Gamestop and then Elon's tweets, good for them. But this is something different for me. To get involved like this and pretending to care. I don't care if people want to pump and dump, they all deserve what they get but then to come in the industry and pretend to care and make a change? Something completely different for me.
Price below 40K is not a major milestone break. It will just consolidate at that level until big volume enter to push the price above 40k once again. Due to recent fud of China, Bitcoin needs a big good news equal or greater than that to overcome the fear index that we are experiencing right now. The market is full of uncertainty and doubt which result to indecision on trend direction.
If the big good news is not coming, maybe bitcoin will stay at the current price and not going higher or lower. $40k will be the first barrier that bitcoin price should break because that price is not easy to penetrate. The price now almost breaks the $33k level again and seems to go back to the $32k level. But even if the price is back to that level, the price will have another chance to increase. The market can not be predicted and it is hard to analyze where the price will go tomorrow so we can just wait and try to buy at a low price if we want. Ok, so what? This is the 10th time in the last few weeks it has done so, still a really tight range of trading for me between support at 30k and resistance at 40k. We're eating up the second half of 2021 quite fast already so time is running out to get 100k BTC before end of the year but people who're in the industry are still strong with belief so let's see.
It has already been the tenth time this past few months? That's pretty sad but good at the same time because it means that the prices aren't volatile at this point and the prices are stable. I don't think that we are running out of time for 100k this year, there's still six months left for it to happen, hell even just a month is enough time to go to that point, remember when it reach 20k during December in just a month?So, that means we both could look at the past month and one of us could say that "it is not going up which means it will go down soon" and the other could say "it is not going down which means it could be going up anytime now" and we would be both right from our point of view. That is why it is not going up or going down neither, because people are like that, half looks at it and sees something good and the other half looks at it and sees something bad, which is why we are neither going up nor going down since people haven't decided on one of them.
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.
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 + 2.47%
We don't know what's next that going to move right now, let's just be calm on this state of btc. It might not perform well in the next few days, because it seems that unpredictable fluctuations has heading for a strong support to break the bears. Bullrun needs adequate momentum before we push through our asset, in order to decide and take our sustainable profit gains.
The drops in bitcoin price do not impact altcoin too much because some top altcoin lists still at the current price and not moving down significantly. But if bitcoin still goes down, that can impact the altcoin price to go down for more.
Price below 40K is not a major milestone break. It will just consolidate at that level until big volume enter to push the price above 40k once again. Due to recent fud of China, Bitcoin needs a big good news equal or greater than that to overcome the fear index that we are experiencing right now. The market is full of uncertainty and doubt which result to indecision on trend direction.
Ok, so what? This is the 10th time in the last few weeks it has done so, still a really tight range of trading for me between support at 30k and resistance at 40k. We're eating up the second half of 2021 quite fast already so time is running out to get 100k BTC before end of the year but people who're in the industry are still strong with belief so let's see.
There will be a meeting of the mind of the biggest influencer in the industry Musk and Dorsey, Bitcoin is having a hard time climbing to $35k this meeting could be the one that we are all waiting for the price to pump, there is a lot of good news, unfortunately, not the news that can lift up the market, we need better news to topple all these FUDS.
Not all of us all sorry:) I don't like Musk at all, don't really trust Dorsey, and if we're waiting for dudes like them to pump prices up, we have to equally be prepared for dudes like them to dump prices hard when they're done. And trust me, these guys don't care for bitcoin or the long term goals, they only want to feed their ego and get richer than they already are. They don't care about "us" in crypto:)
Ok, so what? This is the 10th time in the last few weeks it has done so, still a really tight range of trading for me between support at 30k and resistance at 40k. We're eating up the second half of 2021 quite fast already so time is running out to get 100k BTC before end of the year but people who're in the industry are still strong with belief so let's see.
There will be a meeting of the mind of the biggest influencer in the industry Musk and Dorsey, Bitcoin is having a hard time climbing to $35k this meeting could be the one that we are all waiting for the price to pump, there is a lot of good news, unfortunately, not the news that can lift up the market, we need better news to topple all these FUDS.
Not all of us all sorry:) I don't like Musk at all, don't really trust Dorsey, and if we're waiting for dudes like them to pump prices up, we have to equally be prepared for dudes like them to dump prices hard when they're done. And trust me, these guys don't care for bitcoin or the long term goals, they only want to feed their ego and get richer than they already are. They don't care about "us" in crypto:)
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 + 2.47%
We don't know what's next that going to move right now, let's just be calm on this state of btc. It might not perform well in the next few days, because it seems that unpredictable fluctuations has heading for a strong support to break the bears. Bullrun needs adequate momentum before we push through our asset, in order to decide and take our sustainable profit gains.
The drops in bitcoin price do not impact altcoin too much because some top altcoin lists still at the current price and not moving down significantly. But if bitcoin still goes down, that can impact the altcoin price to go down for more.
The market has hit $34k to its current price and we expect a fresh start to hit another $40k price which indicates that bitcoin will not be affected by any FUD in the future, nice to see the market price has increased a few percent today as many traders are worried about FUD from China that bans bitcoin mining.
Yeah, the last time that I check when the price hits $34k, it quickly went down. Now it's above $34,300, we need to wait if we can go over $35k. But I wouldn't put too much confidence on it though, it might be too much to ask for the market right now as investors are in the wait and see attitude. Others say that Elon Musk vs Jack Dorsey sort of debate could bring the market positions again to be on the positive side. So let's wait and but I wouldn't be surprised if the price moves into a sideway pattern for the duration of this month.
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 + 2.47%
We don't know what's next that going to move right now, let's just be calm on this state of btc. It might not perform well in the next few days, because it seems that unpredictable fluctuations has heading for a strong support to break the bears. Bullrun needs adequate momentum before we push through our asset, in order to decide and take our sustainable profit gains.
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%
What's the sense of the post? bitcoin broke that level multiple times this month and even last month and actually that is the maintaining price as the value cannot stay longer in 35-50k since last month.BTC + 2.47%
Please Alert us when the bitcoin increase break at least 50k again because that is what we are waiting to decide if will invest more or sell for a while.
The market has hit $34k to its current price and we expect a fresh start to hit another $40k price which indicates that bitcoin will not be affected by any FUD in the future, nice to see the market price has increased a few percent today as many traders are worried about FUD from China that bans bitcoin mining.
all we can have is expectation but reality will answer it all, 34k is far from best when bitcoin did break 40k again last moth of june. Jump to: