BTC broke through 33,500 USDT - page 4.

Rajamuda

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Quote from: Hippocrypto on July 11, 2021, 06:56:15 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%

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.

Basically, the point is that there are still many profit opportunities on fluctuating price movements, the short term is not worth it.. there is still a long term to cover it. It's like we are in a situation that can still promise a high chance of achieving good results.

Hippocrypto

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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%

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.

erep

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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.

wxa7115

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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%

So? it is not as if that was a heavy contested level or anything like that, obviously I like for the price to go up in value but right now the price is moving between the 30k and the 40k levels so any movement that is within those boundaries is to be expected and it is completely normal.

When bitcoin breaks one of those levels then that is the moment to put more attention that what the price does, but otherwise this is just the new normality of bitcoin and no one should be surprised by it as it is likely we will remain at the current levels for months.

ene1980

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Two days past and we are in the same position, the market right now is $33,944 and the price broke $33500 two days back and it is still struggling to gain momentum, there is nothing wrong with the concept because i am also not expecting the market to rally all of a sudden, but we had a huge rally for months and everyone was happy without any complaints other than the random FUD, have patience and the market will move up.

SaShiRaJaVu

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Quote from: Gozie51 on July 11, 2021, 09:09:32 AM

Bitcoin price hitting $33k often times last week was to test the strength of it. I think same kind of ranging will continue till the end of this year until a major news breaks in.

You should not wait for a year to get over this situation, the market started rising rapidly all of a sudden and now the market is consolidating as you cannot expect the market to rally all the time and that is what we are witnessing and we will see the market moving in a certain direction for a while and then we can expect the momentum to catch up by the end of this year.

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Quote from: ?? on ??

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 is doing everything to break the resistance and it’s good that we are finally back at $33k, and I think the highest was $34k which is a good sign. Looking at the chart of BTC right now, we might see this trend to continue in the coming days, and we might be able to hit $35k again, the volume is getting bigger as well.

That is because the market is still ranging and finding it way up and down looking for a spot to break both resistance and support. Bitcoin price hitting $33k often times last week was to test the strength of it. I think same kind of ranging will continue till the end of this year until a major news breaks in.

Jating

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Quote from: Fundamentals Of on July 10, 2021, 09:36:09 PM

Is there any extra significance of $33,500 that Bitcoin breaking it could mean more than what is currently happening?

Nothing.

Quote from: Fundamentals Of on July 10, 2021, 09:36:09 PM

The price movements of Bitcoin for the past few weeks are somewhat boring. The charts are generally showing a sideway movement. But despite this, I am still looking at the big possibility that one of these days the bullish sentiment of Bitcoin would suddenly translate into a huge price rally.

Same here, I'm still thinking that we might see another big rally that will push the price after this boring and sideways pattern that we have been seeing for the last 3 months if I'm not mistaken. Investors are just waiting, and if there will be another FOMO, we might see a repeat of the super fast rally last year before the end of the year.

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Quote from: ILuckyGuyI on July 11, 2021, 06:59:50 AM

Bitcoin price breaks that level time to time but we don't see it going forward for a long time. Recently, I've seen Bitcoin price climbing to $35.9k but haven't managed to go over $36k. It still looks like it won't change. If people start buying really much again, Bitcoin price can break the resistance levels easier.

it doesn't seem that easy. yesterday the bitcoin price went up drastically and reached the price of $64k and after that the bitcoin price fell drastically. Of course, investors will not rush to buy back because bitcoin is still experiencing a bear market.

ILuckyGuyI

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Bitcoin price breaks that level time to time but we don't see it going forward for a long time. Recently, I've seen Bitcoin price climbing to $35.9k but haven't managed to go over $36k. It still looks like it won't change. If people start buying really much again, Bitcoin price can break the resistance levels easier.

Lorence.xD

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Quote from: slaman29 on July 11, 2021, 04:22:05 AM

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?

smyslov

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Quote from: slaman29 on July 11, 2021, 04:22:05 AM

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.

Ararbermas

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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%

actually bitcoin always touch that price even before when it was down around 32k and it's been how many attempts but unfortunately it didn't last on that value and always fell back to the current support.. I don't know on this moment if it can surpass or just another false break out? Because in my view i see no reason thar it will increase more again as it more on fluctuations nowadays and there's no specific information or news that telling or some reason that can influence bitcoin to make improvement.

slaman29

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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.

snipie

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Quote from: Oceat on July 10, 2021, 06:16:11 PM

Quote from: snipie on July 10, 2021, 05:36:03 PM

Quote from: ?? on ??

BTC is doing everything to break the resistance and it’s good that we are finally back at $33k, and I think the highest was $34k which is a good sign. Looking at the chart of BTC right now, we might see this trend to continue in the coming days, and we might be able to hit $35k again, the volume is getting bigger as well.

Consolidation at its best this summer. Bitcoin is taking much time ranging in $32k +/-$1k which might be a good sign before the landing to +$40k again as a first step. I have the feeling that this winter will have/prepare for a new ATH since the actual price is ridiculously low.

I'm not going to expect something if Bitcoin wants to break the $40k resistance since all of the news leading to a fud and there's nothing new about it. It might be good if you stop expecting something that won't going to happen because it's just so tiring to look at your portfolio every week and still nothing changes. But if there's a good news like people would suddenly fomo then I might reconsider this thought of yours, but for now it's still impossible to predict that this is going to happen even in winter or next year, we are already in the bear market since it's slowly dropping down to $30k.

Hmm apparently you aren't very familiar with Bitcoin and its trending. Since when Bitcoin followed something logic? I agree bad news might affect it temporarily but all times it breaks an ATH, there isn't a single sign predicting it to happens! There is a history class that you missed mate Wink

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This day seems the bitcoin price will not go anywhere like yesterday. Hopefully, tomorrow, the bitcoin price can move higher and even that will not increase too high and only back to the last high price. That will not be a problem as that can give altcoin to moves to the high price.

These situations will not be easy for traders to enter the market because they can get in a trap by buying at a high price. After all, we do not know if the price will increase or decrease. The best thing that we can do is just watching the price and wait for a while and make another strategy for tomorrow.

GeorgeJohn

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Quote from: Fundamentals Of on July 10, 2021, 09:36:09 PM

Is there any extra significance of $33,500 that Bitcoin breaking it could mean more than what is currently happening?

The price movements of Bitcoin for the past few weeks are somewhat boring. The charts are generally showing a sideway movement. But despite this, I am still looking at the big possibility that one of these days the bullish sentiment of Bitcoin would suddenly translate into a huge price rally.

Bitcoin price has remain stagnant for a while, but from the chart it's showing that the price might increase to 34k before ending, at least their is a little bit movement compared to the initial, everyone is watching seriously for the price to speed up, because now i believe that price of bitcoin will definitely accelerate than our expectations from now enhance forth.

pooya87

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Quote from: Fundamentals Of on July 10, 2021, 09:36:09 PM

Is there any extra significance of $33,500 that Bitcoin breaking it could mean more than what is currently happening?

Good question. And the answer is no

Quote

The charts are generally showing a sideway movement.

I don't think we can call it sideway anymore since price isn't making any moves anymore. It is mostly stable and 2% changes, despite what OP thinks, aren't considered changes in bitcoin that usually has changes that are bigger than 10%.

Fundamentals Of

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Is there any extra significance of $33,500 that Bitcoin breaking it could mean more than what is currently happening?

The price movements of Bitcoin for the past few weeks are somewhat boring. The charts are generally showing a sideway movement. But despite this, I am still looking at the big possibility that one of these days the bullish sentiment of Bitcoin would suddenly translate into a huge price rally.

Kemarit

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Quote from: snipie on July 10, 2021, 05:36:03 PM

Quote from: ?? on ??

BTC is doing everything to break the resistance and it’s good that we are finally back at $33k, and I think the highest was $34k which is a good sign. Looking at the chart of BTC right now, we might see this trend to continue in the coming days, and we might be able to hit $35k again, the volume is getting bigger as well.

Consolidation at its best this summer. Bitcoin is taking much time ranging in $32k +/-$1k which might be a good sign before the landing to +$40k again as a first step. I have the feeling that this winter will have/prepare for a new ATH since the actual price is ridiculously low.

Yes, others see this as a bad sign, but I would say that when the price goes on $32,000 +/-$1000 this is an indication that investors are still buying in this range, consolidating their Bitcoins on wallets that they have in control. So still period of accumulation around this price.

And then come last quarter, the price will bounce back slowly and then probably new ATH at the end of the year. So it's good as long as the price will not go down to $20,000.

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