BTC next Movement......... | Bitcointalksearch.org

yohananaomi

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Quote from: concept2 on July 01, 2020, 08:24:21 AM

$9100 resistance is keeping the price from getting lower. Well, I believe that big guys are coming in and stop bitcoin from falling any lower. Halving is coming in a couples of months and people see this as an opportunity for them to earn some profit. Well, if price can reach $8700, I will buy myself some bitcoin for my own. Hope that I can earn a few bucks during this event

look at the trend that has taken place over the past few weeks, bitcoin is moving around $ 9K, has broken into $ 10K, but not long after, it was back down.

the possibility of going down to $ 8K will always be possible for bitcoin, because the right time to increase bitcoin has not been seen until now. the expected upward momentum has not been seen at all, namely breaking through $ 10K and continuing to be around that number for a long time.

then it can be ascertained that if there is such momentum slowly bitcoin will move up until the end of the year, even if you look at the halving of the last significant increase only a year later. then maybe in 2021 bitcoin will experience a fantastic increase over 2017 can happen.

STT

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Next move has to be below this simple line showing yearly average, its not going to move fast anywhere so its a kind of wall or boundary to price recently. People see it as positive because the initial lows were greater then now but we are mostly unchanged from May till now. BTC stays above year average prices thanks to this spring recovery but a proper sell would then require us to lose this and trade below then further down. Upwards is more complicated imo but also less likely so far as we have declined and lost various measures of momentum.

KTChampions

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Quote from: concept2 on July 01, 2020, 08:24:21 AM

$9100 resistance is keeping the price from getting lower. Well, I believe that big guys are coming in and stop bitcoin from falling any lower. Halving is coming in a couples of months and people see this as an opportunity for them to earn some profit. Well, if price can reach $8700, I will buy myself some bitcoin for my own. Hope that I can earn a few bucks during this event

So if you want to earn a few bucks, then you think that after the fall (which seems to have begun) there will be a rebound and you can quickly close your position?
Do you already have significant investments in bitcoin or you simply do not believe in its long-term prospects and just trade from time to time?

concept2

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$9100 resistance is keeping the price from getting lower. Well, I believe that big guys are coming in and stop bitcoin from falling any lower. Halving is coming in a couples of months and people see this as an opportunity for them to earn some profit. Well, if price can reach $8700, I will buy myself some bitcoin for my own. Hope that I can earn a few bucks during this event

STT

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Low volume just means low confirmation, I'm not sure it views as leading into a positive with any higher volume occuring. The pricing put in with low volume is not as significant as when we reach higher volume as often occurs in turning points, so we can just ride right over this area in future possibly.

We seem to be free gliding here, we left the trend is what I'd guess but did not move especially either up or down. We've got the updrafts of a 50 day average still neutral to positive and a rising 200 day moving average, so this shows some momentum upwards and possibly explains how we have not stalled yet.
From a trading point of view we near zero velocity, its not much fun but its not the first time we do 'nothing' in BTC. A proper sell target would be 7482, its quite possible it was Dec 2019 price and be paused there on the way up. Theres no indication currently for this.

KTChampions

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Quote from: Gaaara on June 28, 2020, 05:23:59 PM

Well, it might be true that bitcoin is struggling in reaching $10k but as of now there is a high possibility of it, since the volume has been low it only indicates that the next bull run is coming for the reason that same thing happens in the 2017 bull run where the volume slightly goes down and then the following price has risen up to $2k. This has no solid proof but you know what they say, history repeats itself.

Maybe I'm wrong (correct me if so), but that growth was caused by spivvery on the exchanges. Apparently this became possible with low trading volumes, and now do you think the situation has a chance to repeat itself?

Gaaara

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Quote from: bitbunnny on June 28, 2020, 03:27:04 PM

I don't know if we can call this a pattern and what cause it but it seems that there are some regularities in the price movements.
Bitcoin has struggling to cross 10000$ price and if it reaches it, it pulls back almost immediately. At the moment I think that price will continue to fluctuate in the current range without major changes. I don't think ut will go under 8500$ but not above 9800$ either.

Well, it might be true that bitcoin is struggling in reaching $10k but as of now there is a high possibility of it, since the volume has been low it only indicates that the next bull run is coming for the reason that same thing happens in the 2017 bull run where the volume slightly goes down and then the following price has risen up to $2k. This has no solid proof but you know what they say, history repeats itself.

bitbunnny

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Quote from: OrangeII on June 28, 2020, 10:41:29 AM

Quote from: ?? on ??

So many people have high hopes that it will bridge the $10 k mark, this is bad news but this is how volatile the market is, it's very unpredictable even more because of the extraordinary situation we are in, I'd like to think now that pandemic is contributing to its dip, but I still have hopes that it will rally this coming month.

Well, now I see a repeating pattern. when the price of bitcoin reaches the level of $ 8k, the price of bitcoin will rise again to a slightly higher price in the range of $ 9100 to $ 9700. well, for now, the price of bitcoin has returned to $ 9133 after declining to $ 8950. I believe that the price of bitcoin may rise to $$ 9400- $ 9500 in the near future.

I don't know if we can call this a pattern and what cause it but it seems that there are some regularities in the price movements.
Bitcoin has struggling to cross 10000$ price and if it reaches it, it pulls back almost immediately. At the moment I think that price will continue to fluctuate in the current range without major changes. I don't think ut will go under 8500$ but not above 9800$ either.

OrangeII

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Quote from: ?? on ??

So many people have high hopes that it will bridge the $10 k mark, this is bad news but this is how volatile the market is, it's very unpredictable even more because of the extraordinary situation we are in, I'd like to think now that pandemic is contributing to its dip, but I still have hopes that it will rally this coming month.

Well, now I see a repeating pattern. when the price of bitcoin reaches the level of $ 8k, the price of bitcoin will rise again to a slightly higher price in the range of $ 9100 to $ 9700. well, for now, the price of bitcoin has returned to $ 9133 after declining to $ 8950. I believe that the price of bitcoin may rise to $$ 9400- $ 9500 in the near future.

Yamifoud

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It has been observed that the market drop to $8,947 in just a few hours and this will simply mean that we can't be confident that it keeps rallying high or even stay to $9k-$9.9k but there is a chance to draw deep just like it happens in this day. This to remind everyone that everything seems to be unpredictable and any time of the day we can possibly see it goes back to below $9k.

https://www.coindesk.com/price/bitcoin

well, it has to expect a continuous effect of the pandemic to the market and that we can't ignore its rationale to the current market flows.

jostorres

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Quote from: Janation on June 27, 2020, 02:16:19 AM

Quote from: OrangeII on June 27, 2020, 01:11:59 AM

Quote from: reliable on June 26, 2020, 04:58:04 AM

It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.

or the movement will repeat. after rising to $ 9400, the price drops to $ 9,000 and then goes back up to $ 9400. Well, it's very difficult to guess the current price of bitcoin, however, I believe that the price increase will occur, and most likely it will be in the upcoming July.

I think this might continue until next month.

I've been doubting that it will dump but I am also doubting that it will pump either. It will hit under $9k and then suddenly it will just be $9.2k-$9.3k or $9.4k. It might hit above $10K but I think it will never last since even at this price, there are some that are selling their price that is why it the price is moving under $9k but it just returns back.

I do not see it going under 9k unless something major happens. I do not see bitcoin going down for the sole reason that it has tried multiple times and it has failed multiple times, if it was ready to drop it had plenty of chances to go down but it didn't. There are times when bitcoin forces to go upside but fails and there are times it does the reverse. Right now, we are in the failing to go down parts and that usually ends up with bitcoin going up, eventually.

The logic behind that I "assume" is the fact that when bitcoin fails to go down people realize it is not going down and it would take too much money and effort to bring it down so they realize it is easier to take it higher and they start focusing on that. Same actually applies when they fail to take it higher and just decide to bring it low as well.

sedov1966

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Bitcoin price movements are now the same as the analysis, but it might be strong at Support $ 9000, I really hope that Altcoin can be bullish again, if it returns to the level of $ 8700 it seems to be dangerous, good analysis

Considering the last few days price charts and its movements the prices are on dips only and not seen rising much so I am slight on the opinion that unless there is a big movement of buy demand the market may be on dip side on coming time. Hope we do not see too much of the dip .s

To me it seems like bitcoin is just stagnating on the relatively same level $9,0-9,9k, but slowly and surely diving down.
If there won't be any bullish news/sources/occasions it will drop sooner or later

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Quote from: Lasky366 on June 07, 2020, 10:18:09 PM

BTC / USD Technical Analysis

In the Recent BTC Chart shown it will try To pullback from the zone or demand zone . Although the trend is Bearish. So in my opinion the demand zones will continue to break down And a little rising movement can be seen in the zone And can dump up to a maximum of 8700 Then a good pump can be expected from there.

Let's see how this goes......

So Far $8,700 did not enter the scene though it is almost couple of times that Bitcoin warned to fall under $9,000 yet it survived.

But according to the graph there is a strong hold in 9k so there will always a chance that Pulling Up is what we can expect than falling.

Please Update us all in regards to this topic since we are entering 3rd quarter days soon so it would be better if we will see some chart that dictates the price.

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Quote from: Ridwan Fauzi on June 26, 2020, 10:39:01 AM

Quote from: Kelvinid on June 25, 2020, 07:13:29 PM

snipped~

...

So, I guess the scenario for bitcoin price movement will same with the OP prediction. We could fall to 6k again if we use some technical analyst, but there is good information that I read today. The news/prediction tell, although bitcoin price fall to 6k bitcoin will remain bullish, it is just a retracement that can make its price back to 10k again, you can see here https://cointelegraph.com/news/bitcoin-dropping-to-6k-golden-pocket-isnt-bearish-says-trader

That is why I don't rely upon and trust those TA's coz it eventually dragging our mind to think and feel bad towards the market.

people could simply think their own and have their own opinion as well, thus, having this simple prediction will likely to lead people to sell their Bitcoin as FOMOing will start. But as I believe that the market will positively be behaving well in the coming days, I'd rather have to hold and ignore those FUDs.
Just what I said, though it dumps but I'm not thinking the worst-case scenario.

ethereumhunter

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Quote from: OrangeII on June 27, 2020, 01:11:59 AM

Quote from: reliable on June 26, 2020, 04:58:04 AM

It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.

or the movement will repeat. after rising to $ 9400, the price drops to $ 9,000 and then goes back up to $ 9400. Well, it's very difficult to guess the current price of bitcoin, however, I believe that the price increase will occur, and most likely it will be in the upcoming July.

We hope that the price increase will happen in July, but unfortunately, we still don't know the truth about that. We need to keep trying to make any profit from now on, and we should try to have more and more bitcoin, so when the time for the bitcoin price increase comes, we can sell it at the highest price. If that can happen, we can make a lot of money from selling the bitcoin, and we might recover our losses before.

Janation

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Quote from: OrangeII on June 27, 2020, 01:11:59 AM

Quote from: reliable on June 26, 2020, 04:58:04 AM

It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.

or the movement will repeat. after rising to $ 9400, the price drops to $ 9,000 and then goes back up to $ 9400. Well, it's very difficult to guess the current price of bitcoin, however, I believe that the price increase will occur, and most likely it will be in the upcoming July.

I think this might continue until next month.

I've been doubting that it will dump but I am also doubting that it will pump either. It will hit under $9k and then suddenly it will just be $9.2k-$9.3k or $9.4k. It might hit above $10K but I think it will never last since even at this price, there are some that are selling their price that is why it the price is moving under $9k but it just returns back.

OrangeII

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Quote from: reliable on June 26, 2020, 04:58:04 AM

It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.

or the movement will repeat. after rising to $ 9400, the price drops to $ 9,000 and then goes back up to $ 9400. Well, it's very difficult to guess the current price of bitcoin, however, I believe that the price increase will occur, and most likely it will be in the upcoming July.

smyslov

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Quote from: Kelvinid on June 25, 2020, 07:13:29 PM

I believe the price will dump but I'm not thinking it drop more below $9k. The price shows stabilization in almost a month or two. Yes, we have that surge surpassing $10k at a very short time and it goes back to $9k-$9.8k range and probably the market will remain to that range for the next couple of weeks.
I'm still positive to see Bitcoin will break that $10k wall sooner and lead to a bullish market. Patience would still remain as the adoption and number of users keep moving high.

I also thought that Bitcoin will drop in the $8 k level last week because there are indication that it might happen, I'm glad that it is stable in the $92 k level we have been waiting for the price to push in the $10 k level it's been quite some time since it reaches in that level we are over a month after the halving I have high hope July is the month where it will land in the $10 k level.

KTChampions

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Quote from: bitgolden on June 26, 2020, 02:13:21 PM

It is such a weird period for bitcoin. I have been involved with bitcoin for years and I have to say I do not remember the last time when it was this weird and it was this stable. Look at the price, it goes to $9.6k at the very highest which it hasn't in a while and drops to $9.1k at the lowest and moves between that very slowly. I do not see bitcoin doing anything exceptional, it looks like bitcoin will be simply just looking to stay stagnant until something happens in real life.

I am still saying that the price will peak to $12k levels (just under $12k like $11.8k) once again before it goes down to $7k levels slowly, but that looks like going to take a bit more time and the longer we wait the more affects of halving we will start to say so I might be wrong in the end when it goes up it could continue to go up.

This is an obvious idea (highlighted in bold) - in order for the price to rise, bitcoin must develop. In recent years, bitcoin has been actively developing as a tool for speculation, but otherwise it retains the status of a technically obsolete cryptocurrency. For the next breakthrough, technical changes are necessary in bitcoin itself, as we see the network over bitcoin (Lightning) did not live up to expectations.

dunfida

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Quote from: bitgolden on June 26, 2020, 02:13:21 PM

It is such a weird period for bitcoin. I have been involved with bitcoin for years and I have to say I do not remember the last time when it was this weird and it was this stable. Look at the price, it goes to $9.6k at the very highest which it hasn't in a while and drops to $9.1k at the lowest and moves between that very slowly. I do not see bitcoin doing anything exceptional, it looks like bitcoin will be simply just looking to stay stagnant until something happens in real life.

I am still saying that the price will peak to $12k levels (just under $12k like $11.8k) once again before it goes down to $7k levels slowly, but that looks like going to take a bit more time and the longer we wait the more affects of halving we will start to say so I might be wrong in the end when it goes up it could continue to go up.

Nah, this isnt something new to bitcoin and we have seen this kind of situation for how many times on where it do move sideways with less
volatility in a specific period of time but it doesnt mean that it would really just stay there forever.This is the hardest part on making any
decision because you wouldnt even know on where it was heading.If you do base up on TA's then you would really have two possibilities
and waiting up for some time would really trigger out that emotional aspect and will surely test out your patience.

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