Topic: I didn't expect to see it went below 56k - page 4. (Read 1646 times)
We are far from going back to that price benchmark for bitcoin at least not in this season, bitcoin will take a long time before seeing anything close to 56k because at this point, bitcoin is more focused on touching 70k and trying to stay above that price bench limits for a while now which has resulted into constantly resistance around 65k to 67k at most times and we should at least allow the positive vibes to continue for a while, bitcoin have really done well in this season at for some reasons we are going to be playing a resistance role for a while since the entire cryptocurrency market have been on recovery note for sometimes now after the last all time high for bitcoin and a few of other altcoins, most of the time, majority's of bitcoin market analyst failed in their responsibility to properly predict the price bitcoin will go and even though they have some available materials to work still yet the Fail to apply them properly, but still on that based on my experience, bitcoin won't touch the 56k for any reason even if there is a bad news to attack the market it won't bring bitcoin to it kneels to the point of touching that 56k.
Right now to close out the week we are seeing BTC price action push past the 2 day average. We pass 68k on the week to closing with a 70k price possibly.
What I wonder is how this action at the peaks reflects towards that lower low across multiple months and if July being so negative at the start matters now. I want to see if a repeat failure to approach and defeat 72k just like happened twice in May and early June will matter now.
If we do attempt 72k with volume but fail to surmount this point. Will it then lead fast down to 56k or lower prices. My first thought is this wont happen because recently the price has only sold off smaller amounts before trying harder.
It has all been happening now in just days rather then the months previous of repeat, is the tempo rising and chances of new prices & new ATH now greater.
When it comes to technical approach then its indeed on point that volume will really be that significant whether it would really be able to have some breakout or would really be just that totally be rejected againWhat I wonder is how this action at the peaks reflects towards that lower low across multiple months and if July being so negative at the start matters now. I want to see if a repeat failure to approach and defeat 72k just like happened twice in May and early June will matter now.
If we do attempt 72k with volume but fail to surmount this point. Will it then lead fast down to 56k or lower prices. My first thought is this wont happen because recently the price has only sold off smaller amounts before trying harder.
It has all been happening now in just days rather then the months previous of repeat, is the tempo rising and chances of new prices & new ATH now greater.
on trying to break that ATH but of course we shouldnt really be that trying out to neglect nor trying out to forget fundamentals too on which i dont see that we would really be breaking ATH soon on which
considering that news or sentiments around are really that negative. Although it wont really be an assurance but these huge sell offs news are really that driving the market on negative state.
As for expecations about price movement then of course it would really be always best that you shouldnt really be expecting something positive. Always take caution and be wise on taking up position and exits.
Right now to close out the week we are seeing BTC price action push past the 2 day average. We pass 68k on the week to closing with a 70k price possibly.
What I wonder is how this action at the peaks reflects towards that lower low across multiple months and if July being so negative at the start matters now. I want to see if a repeat failure to approach and defeat 72k just like happened twice in May and early June will matter now.
If we do attempt 72k with volume but fail to surmount this point. Will it then lead fast down to 56k or lower prices. My first thought is this wont happen because recently the price has only sold off smaller amounts before trying harder.
It has all been happening now in just days rather then the months previous of repeat, is the tempo rising and chances of new prices & new ATH now greater.
What I wonder is how this action at the peaks reflects towards that lower low across multiple months and if July being so negative at the start matters now. I want to see if a repeat failure to approach and defeat 72k just like happened twice in May and early June will matter now.
If we do attempt 72k with volume but fail to surmount this point. Will it then lead fast down to 56k or lower prices. My first thought is this wont happen because recently the price has only sold off smaller amounts before trying harder.
It has all been happening now in just days rather then the months previous of repeat, is the tempo rising and chances of new prices & new ATH now greater.
They have capital and the mentality is very lucky to be able to add assets at the lowest price of $55k after the last ATH, I'm sure they implemented DCA investment so that they will increase crypto assets at every low price in the market, I didn't expect such a high recovery to be achieved in the same month and this seems to be very related to the western political case which is currently the main topic, if the price of bitcoin can reach $70k this month then we will definitely see the next ATH reached soon.
The price level of $70K could be reached again in the near future if the price correction is not too big at the end of this month, but for a new ATH again I think we all still need to be patient because considering the current conditions are still influenced by sensational news that can have other impacts on any market including the crypto market itself. Currently the Bitcoin price range is still at $67K more even though it had increased to $69K more yesterday which made more people excited again to see the price level exceeding $70K, but unfortunately that did not happen yesterday in Bitcoin. 
If any, $54k again probably possible but that's it, it will be the bottom of this cycle.
We are still not sure about the bottom of this bull run as far as Bitcoin remains below $70k, the chance of it going below $60k also gets higher. And, if somehow it falls below $60k once again due to a bad news or fud then we might see it dump below $54 if the intensity of that dump gets severe. That's why we aren't yet sure about the bottom of the cycle yet. Now those who have bought at $55K have also started to smile again when they see the current Bitcoin price which has increased again to reach more than $68K in the market. This means that in addition to the patience that must be in ourselves, the belief in the increase in the price of Bitcoin at the end of this month must also be there because in fact Bitcoin is already in demand by many people so that it can cause the price recovery to take place so quickly in the same month. And now everyone can probably make another target with a higher price in Bitcoin before entering August this year.
They have capital and the mentality is very lucky to be able to add assets at the lowest price of $55k after the last ATH, I'm sure they implemented DCA investment so that they will increase crypto assets at every low price in the market, I didn't expect such a high recovery to be achieved in the same month and this seems to be very related to the western political case which is currently the main topic, if the price of bitcoin can reach $70k this month then we will definitely see the next ATH reached soon. There is an opportunity for a price below $50k to be reached in the next price correction because price recovery does not guarantee that the price will last as long as above $55k, anything can happen in the crypto market and if you are targeting a price below $50k then you have to be patient waiting for the bearish market price. I think the main key is patience because everyone regrets missing the initial target because they thought that price would never be touched but the reality is that the market can fall below $55k regardless of any issues and cases that affect the crypto market price.
Now those who have bought at $55K have also started to smile again when they see the current Bitcoin price which has increased again to reach more than $68K in the market. This means that in addition to the patience that must be in ourselves, the belief in the increase in the price of Bitcoin at the end of this month must also be there because in fact Bitcoin is already in demand by many people so that it can cause the price recovery to take place so quickly in the same month. And now everyone can probably make another target with a higher price in Bitcoin before entering August this year. 
38k is not possible to be seen again in this month already month has runs out, today is 25th July 2024 so if I'm not mistakenly we have less than 6 days to run out of July to August although anything is possible in the crypto space but it is not certain that the price could drop so low to the extent we would see 38k but however news may carry it to around 60k to 45k but seeing of 38k could be hard.
Instead we may likely see a surge in the market just as we witness it is a price rise back to 68,000 dollars unexpectedly and draw back to 64k currently so likely anything is possible.
Instead we may likely see a surge in the market just as we witness it is a price rise back to 68,000 dollars unexpectedly and draw back to 64k currently so likely anything is possible.
$38k will probably only can be seen around bearish time after we're done with all the bullrun.
people who thinks that BTC might hit $38k low for this cycle of bullrun should also know that BTC is more stronger than ever, ETF helps grow BTC market cap and volume and it will not BTC to go below $38k again unless we see another bearish.
If any, $54k again probably possible but that's it, it will be the bottom of this cycle.
38k is not possible to be seen again in this month already month has runs out, today is 25th July 2024 so if I'm not mistakenly we have less than 6 days to run out of July to August although anything is possible in the crypto space but it is not certain that the price could drop so low to the extent we would see 38k but however news may carry it to around 60k to 45k but seeing of 38k could be hard.
Instead we may likely see a surge in the market just as we witness it is a price rise back to 68,000 dollars unexpectedly and draw back to 64k currently so likely anything is possible.
Instead we may likely see a surge in the market just as we witness it is a price rise back to 68,000 dollars unexpectedly and draw back to 64k currently so likely anything is possible.
~~~
Yes, of course for some people waiting for a moment like this, yes, the opportunity will never come a second time. If someone has bought at a decreasing price like this and in the future experiences a decrease again, I think this is a normal thing for an incident like this. In my opinion, people who complain are not not using a good strategy but they are not ready to lose their money, usually people who have experienced, of course they won't complain, in fact they are waiting for a moment like this, which is what investors always want.Of recent, price have been on the recovery, gradually pushing towards the ATH and from the way it’s carrying, we can end the month with a price range above $65k as it is already and not below.
One can always anticipated the unexpected when dealing with Bitcoin and it’s been even more unpredictable after the halving.
The 200 week average is down at 37k but that represents the worst case for a market and BTC is no where near that bad so the 200 day average is more relevant a guide. We just traded that area and resolved it positively after some trading.
Which is why I'm still prepping (deep down) for something that bad, or at least enough to cause some concern. We're months past the cycle where something ought to have happened that's painful, and yet still surfing well above the current.
Personally would be bummed if the cycle we're so used to really is over. Need that 200MA worst-case to at least threaten.
But for long term holders, nah, just go and buy as much as you can specially during the dip to $54k. Or for today, continue to do DCA as we are looking for at least 6 digits for this bull run. And as for the $56k, or $54k, this could be the bottom for this post halving in my opinion.
$100,000 is six digits therefore your predictions can happen because I also think $100,000 is going to be the lowest highest price that Bitcoin is going to be trading at by the end of the bull market and this is what makes me very excited about this bull market that I am a part of. I missed other bull markets because I was not yet into Bitcoin but I will not miss the present bull market and other bull market coming. We should just be buying Bitcoin with DCA and not get worried about anything that is happening to the market. If the price of Bitcoin keep dipping, we should continue to DCA and accumulate Bitcoin because at the end of the day, we have set ourselves in good position to make profits when Bitcoin gets to a new highest price and it is going be a minimum of 6 digits price in the long run as you have said.
And we can also say that we didn't expect the price to go up to $63k but now just because Trump got shot? So there's a lot of thing in this ecosystem that it's really hard to explain, especially how volatile it is and probably that's why we love this market.
Very unpredictable, and it's going to make or break a traders mentality in terms of how he will do his trading strategies. And then for the investors, we will have what we call diamond hands and then those weak hands that will sell because they don't like what they see, and they think that they are going to lose money because of how it went down to $54k. But in matter of just 48 hours, now we have bounce back already.
That's true. Very unpredictable, and it's going to make or break a traders mentality in terms of how he will do his trading strategies. And then for the investors, we will have what we call diamond hands and then those weak hands that will sell because they don't like what they see, and they think that they are going to lose money because of how it went down to $54k. But in matter of just 48 hours, now we have bounce back already.
It's hard to find an answer how volatility of Bitcoin works. But it seems that the politics that's being tuned in in the USA has been affecting the market.
Looking to the price that OP has given, it's more unlikely that it will be there but don't say no when volatility hits hard the market. Maybe not now, and we've seen the lowest for this cycle that it can be just after hitting the ATH.
The 200 week average is down at 37k but that represents the worst case for a market and BTC is no where near that bad so the 200 day average is more relevant a guide. We just traded that area and resolved it positively after some trading.
Right on the 50 week average is 50k and we'd really have to lose this whole year first to properly negative, it doesnt seem to be happening or even threatening. I expect selling but nothing so serious to negate gains of 2024 properly, eventually we will rise so regular buying seems fair to me if you are capable of being involved long term its much easier.
Right on the 50 week average is 50k and we'd really have to lose this whole year first to properly negative, it doesnt seem to be happening or even threatening. I expect selling but nothing so serious to negate gains of 2024 properly, eventually we will rise so regular buying seems fair to me if you are capable of being involved long term its much easier.
And we can also say that we didn't expect the price to go up to $63k but now just because Trump got shot? So there's a lot of thing in this ecosystem that it's really hard to explain, especially how volatile it is and probably that's why we love this market.
Very unpredictable, and it's going to make or break a traders mentality in terms of how he will do his trading strategies. And then for the investors, we will have what we call diamond hands and then those weak hands that will sell because they don't like what they see, and they think that they are going to lose money because of how it went down to $54k. But in matter of just 48 hours, now we have bounce back already.
Very unpredictable, and it's going to make or break a traders mentality in terms of how he will do his trading strategies. And then for the investors, we will have what we call diamond hands and then those weak hands that will sell because they don't like what they see, and they think that they are going to lose money because of how it went down to $54k. But in matter of just 48 hours, now we have bounce back already.
It it goes up to $68,500, and I think this is the biggest so far for this month and we still have a week before the end of the month and I thought that we could get as high as $70k. But we will have to wait, for traders, there could be some strategies to make quick profits.
But for long term holders, nah, just go and buy as much as you can specially during the dip to $54k. Or for today, continue to do DCA as we are looking for at least 6 digits for this bull run. And as for the $56k, or $54k, this could be the bottom for this post halving in my opinion.
There is an opportunity for a price below $50k to be reached in the next price correction because price recovery does not guarantee that the price will last as long as above $55k, anything can happen in the crypto market and if you are targeting a price below $50k then you have to be patient waiting for the bearish market price. I think the main key is patience because everyone regrets missing the initial target because they thought that price would never be touched but the reality is that the market can fall below $55k regardless of any issues and cases that affect the crypto market price.
I'm not waiting for a price that low even though it's a price that isn't bad for everyone who wants to buy Bitcoin again to wait for, because today we can all see again where the price of Bitcoin has started to recover slowly until it has returned to past the mark. $60K. Even though it still tends to be small, it is also a good achievement for those who bought more Bitcoin when the price was still $55K a few days ago because the current price is a fairly profitable price for them with a fairly short duration.
Apart from that, we all also have to continue to monitor market trends in order to avoid making wrong decisions and also have to remain patient because if the trend has started to move again and is heading upwards. Of course, we all also have to move to immediately buy Bitcoin again with the reserve capital that we have been saving so far.
or simply you would really be having those kind of price speculations and projections about into those potential drop price. When dealing up with this market then it would really be that understandable that
anything could really happen because TA's or FA's wont really be giving out that 100% precision on where prices could go and this is something that you should really be baring up into your mind on dealing up with this space.
On the moment that you do find yourself having those kind of projects and ended up on getting left behind because the price didnt go as low as you had predicted then it would really be giving out that kind of disappointment
on which it would really be leading into that impulsive approach and this is something that must be avoided in the first place. We've seen on the current market condition now that the price is really that making up some
recovery on which you would really be telling that we might be seeing 70k soon instead of 50k levels but actually there are still some people who had been having those thoughts about deadcat bounce
but basing and looking around then it doesnt seem to be that way.
on whatever the price would really be that looks like.Always be that sensible on the actions that you are taking and never ever make yourself that panic sell on the moment or time that you've seen the price is already that making those ups and downs. Expect the unexpected indeed on which same as you said. The ones who would really be able to survive this market is to those people who are really that wise on making buying and selling decisions.
The price is really that volatile on which there's no way on knowing on what would be the next movement and there's no way that you will really be able to determine on where it would be
going but at least you do really know on what you are doing. This is why on the time that you would be dealing with this space then you should really be that prepared
on what are the stuffs that you would be making.
And we can also say that we didn't expect the price to go up to $63k but now just because Trump got shot? So there's a lot of thing in this ecosystem that it's really hard to explain, especially how volatile it is and probably that's why we love this market.
Very unpredictable, and it's going to make or break a traders mentality in terms of how he will do his trading strategies. And then for the investors, we will have what we call diamond hands and then those weak hands that will sell because they don't like what they see, and they think that they are going to lose money because of how it went down to $54k. But in matter of just 48 hours, now we have bounce back already.
Very unpredictable, and it's going to make or break a traders mentality in terms of how he will do his trading strategies. And then for the investors, we will have what we call diamond hands and then those weak hands that will sell because they don't like what they see, and they think that they are going to lose money because of how it went down to $54k. But in matter of just 48 hours, now we have bounce back already.
There is an opportunity for a price below $50k to be reached in the next price correction because price recovery does not guarantee that the price will last as long as above $55k, anything can happen in the crypto market and if you are targeting a price below $50k then you have to be patient waiting for the bearish market price. I think the main key is patience because everyone regrets missing the initial target because they thought that price would never be touched but the reality is that the market can fall below $55k regardless of any issues and cases that affect the crypto market price.
I'm not waiting for a price that low even though it's a price that isn't bad for everyone who wants to buy Bitcoin again to wait for, because today we can all see again where the price of Bitcoin has started to recover slowly until it has returned to past the mark. $60K. Even though it still tends to be small, it is also a good achievement for those who bought more Bitcoin when the price was still $55K a few days ago because the current price is a fairly profitable price for them with a fairly short duration.
Apart from that, we all also have to continue to monitor market trends in order to avoid making wrong decisions and also have to remain patient because if the trend has started to move again and is heading upwards. Of course, we all also have to move to immediately buy Bitcoin again with the reserve capital that we have been saving so far.
or simply you would really be having those kind of price speculations and projections about into those potential drop price. When dealing up with this market then it would really be that understandable that
anything could really happen because TA's or FA's wont really be giving out that 100% precision on where prices could go and this is something that you should really be baring up into your mind on dealing up with this space.
On the moment that you do find yourself having those kind of projects and ended up on getting left behind because the price didnt go as low as you had predicted then it would really be giving out that kind of disappointment
on which it would really be leading into that impulsive approach and this is something that must be avoided in the first place. We've seen on the current market condition now that the price is really that making up some
recovery on which you would really be telling that we might be seeing 70k soon instead of 50k levels but actually there are still some people who had been having those thoughts about deadcat bounce
but basing and looking around then it doesnt seem to be that way.
There is an opportunity for a price below $50k to be reached in the next price correction because price recovery does not guarantee that the price will last as long as above $55k, anything can happen in the crypto market and if you are targeting a price below $50k then you have to be patient waiting for the bearish market price. I think the main key is patience because everyone regrets missing the initial target because they thought that price would never be touched but the reality is that the market can fall below $55k regardless of any issues and cases that affect the crypto market price.
I'm not waiting for a price that low even though it's a price that isn't bad for everyone who wants to buy Bitcoin again to wait for, because today we can all see again where the price of Bitcoin has started to recover slowly until it has returned to past the mark. $60K. Even though it still tends to be small, it is also a good achievement for those who bought more Bitcoin when the price was still $55K a few days ago because the current price is a fairly profitable price for them with a fairly short duration.
Apart from that, we all also have to continue to monitor market trends in order to avoid making wrong decisions and also have to remain patient because if the trend has started to move again and is heading upwards. Of course, we all also have to move to immediately buy Bitcoin again with the reserve capital that we have been saving so far.
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