I think above 43k or above and we're ok and it appears we may not even retrace that much. I wouldnt be too negative until its done more then just pause.
Topic: Either rise or dip no more stability at this zone - page 2. (Read 317 times)
We are in range right now but generally when the price fails to move especially then some will sell, traders and speculators will cash out because often they are on leverage and have costs to take care of. So long as we're above the weekly average it should be ok. We are even above the 2 day average so immediately there is nothing that much to worry about it would seem.
I think above 43k or above and we're ok and it appears we may not even retrace that much. I wouldnt be too negative until its done more then just pause.
I think above 43k or above and we're ok and it appears we may not even retrace that much. I wouldnt be too negative until its done more then just pause.
Stability is not what you think in crypto. When there are big moves that takes us from 35k to 45k then you can call it volatile, but in crypto anything under 5% is stability to be fair. And we had many many many days of under 5% moves as well, both when we are going down and when we are going up as well.
So, we could say that we had a big fall months ago, a smaller version few times since, then we had a good increase for a few days but aside from that probably 70+ days out of last 90 were under 5% moves. That is stability enough in the crypto world, I wouldn't assume that we would really get anything that is out of ordinary for the crypto world. I get that it would have been worse in stock market but not so much here.
So, we could say that we had a big fall months ago, a smaller version few times since, then we had a good increase for a few days but aside from that probably 70+ days out of last 90 were under 5% moves. That is stability enough in the crypto world, I wouldn't assume that we would really get anything that is out of ordinary for the crypto world. I get that it would have been worse in stock market but not so much here.
You can never be certain with Bitcoin, even when it comes to not staying at the same price. There were prolonged periods of time when it stayed in a relatively narrow price range, people even joked that it became a stablecoin. It's probably not very likely to happen now, because the market has been volatile all this cycle, which hasn't been fully resolved yet, but it's always a chance that the market will take a break at least for a short time and the price won't change much.
Looking at last few months I think the market is at the verge of either rising further and moving towards new ATH or else it will drop further to a new low (very unlikely) but it will not hang on to the current zone of stability. I am using Bitcoin as a reference as it will either break $50k and rally towards $70k or else go back to under $40k as it cannot stay over $40k and below $50k for longer period of time.
Not sure if we can go and hit a new ATH this year even if we break $50k. There could be short rally, but as you can see the market is falling again to $43k.
So I would say that the price might go sideways again around the boundaries of $40k-$45k. And maybe next month we will see another rally or the price will continue to go bear mood and go lower than $40k.
I will not go deep into further analysis as most of the time they are inaccurate hence would like to go ahead with market emotions. What's your take on this? Are We at the most crucial part situation between major rise and bear market?
You never said what your market sentiment is. That you have started to us the obvious of price up and down movement but where is the sentiment standing for you now. For me watching for increase is the sentiment if checking recent move so far.
Here's what to focus on. It is still too early to talk about a move to ATH as Bitcoin has many resistance levels to overcome.
Yes you did a good analysis to the challenges of many resistance and I agree with you those are what focus is .
I think the bitcoin price correction in the crypto market seems to be over, at least since early February until now. The bitcoin price managed to rise from the correction zone since the last few months and even bitcoin recovered where the bitcoin price movement so far is still stable at the level of $43k. Therefore I believe the bitcoin price will continue to move towards new ATH this year.
Bitcoin is starting to show signs of rising prices in the market, after a decline in price to reach the price of $ 36,000, now bitcoin has returned to the price of $ 44,000 and I think what you say is true, maybe bitcoin has passed its worst phase right now so the price can return pump and walk on a bullish path, hopefully we will see a price strengthening that continues to occur in bitcoin later.
As long as it can resist going under $40k then I am a happy lad.
Analysis do help but expecting perfect accuracy is not wise. There will always be the surprising parts where it doesn't go the way we predicted it.
Two days staying at 43-44k appears to be a good sign and it might pull more buyers who are FOMO. That said, I am expecting $50k in a rush and then it goes back down for a sell point but a chance for resistance at this day price.
Analysis do help but expecting perfect accuracy is not wise. There will always be the surprising parts where it doesn't go the way we predicted it.
Two days staying at 43-44k appears to be a good sign and it might pull more buyers who are FOMO. That said, I am expecting $50k in a rush and then it goes back down for a sell point but a chance for resistance at this day price.
I think the bitcoin price correction in the crypto market seems to be over, at least since early February until now. The bitcoin price managed to rise from the correction zone since the last few months and even bitcoin recovered where the bitcoin price movement so far is still stable at the level of $43k. Therefore I believe the bitcoin price will continue to move towards new ATH this year.
Looking at last few months I think the market is at the verge of either rising further and moving towards new ATH or else it will drop further to a new low (very unlikely) but it will not hang on to the current zone of stability. I am using Bitcoin as a reference as it will either break $50k and rally towards $70k or else go back to under $40k as it cannot stay over $40k and below $50k for longer period of time.
I will not go deep into further analysis as most of the time they are inaccurate hence would like to go ahead with market emotions. What's your take on this?
It will always end up with the result of no one can predict the exact timing where bitcoin is heading.I will not go deep into further analysis as most of the time they are inaccurate hence would like to go ahead with market emotions. What's your take on this?
Are We at the most crucial part situation between major rise and bear market?
I don't think that we're on that situation. It's still clear that there's the stoppage when we're expecting it to go bear. Moving from $33k to $44k on its 1-month chart is interesting and showing a bullish sign. But with the other analysis that I've read, they're saying that it's still showing a bearish sign.
Looking at last few months I think the market is at the verge of either rising further and moving towards new ATH or else it will drop further to a new low (very unlikely) but it will not hang on to the current zone of stability. I am using Bitcoin as a reference as it will either break $50k and rally towards $70k or else go back to under $40k as it cannot stay over $40k and below $50k for longer period of time.
I will not go deep into further analysis as most of the time they are inaccurate hence would like to go ahead with market emotions. What's your take on this? Are We at the most crucial part situation between major rise and bear market?
I will not go deep into further analysis as most of the time they are inaccurate hence would like to go ahead with market emotions. What's your take on this? Are We at the most crucial part situation between major rise and bear market?
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