Topic: Is Bitcoin rebounding? - page 4. (Read 769 times)
We are officially in the Bear market and I do not expect a lot from Bitcoin at the moment. Considering last year at this time when Bitcoin was just above 9k we are well placed this year. The market will trend sideways and I think it will remain the same till September this year. Historically November is the month when Bitcoin starts pumping.
As @pooya87 said, this is pretty much the same trend for the past 2 months so I don't think that it's worth asking if it's rebounding if it's doing the same thing. Goes to show how volatile bitcoin market is, we never know if it's rebounding or doing the same thing but at a different prices.
BTC:
Breaking down to refresh the previous low point, the bottom of the daily level is a rebound signal of Hammer Yang K + Lianyang standard. In the short term, the rebound is expected to continue at the position near 36100, which is the position of the daily mid-track. So today, we will rebound first, and we are expected to enter. Field position 34800 this position.
Breaking down to refresh the previous low point, the bottom of the daily level is a rebound signal of Hammer Yang K + Lianyang standard. In the short term, the rebound is expected to continue at the position near 36100, which is the position of the daily mid-track. So today, we will rebound first, and we are expected to enter. Field position 34800 this position.
Never heard of this terms but I think I get you. Meanwhile we see Bloomberg experts pointing out that Bitcoin is still bearish short and medium term, plus look around and other alts aren't doing so well, which suggests people are moving some of their risk from alt baskets back into Bitcoin. Consolidation for this weekend?
Its gone up by 5.1% in the last 24 hours but Dogecoin has gone up by 16.8% in the last 24 hours lol
That's because bitcoin market and its movements are more natural while Dogecoin and other altcoin's movements are based on pump and dumps and it is very easy to pump shitcoins. You are just choosing a random shitcoin (Doge) simply because it was in the news and pumped by a so called "celebrity" otherwise there are other similar shitcoins that get pumped a lot more and are much more profitable than Dogecoin. Two examples of these shitcoins from the past 24 hours are CELO and NANO they got pumped 25% and 21% respectively. And these are among "bigger" shitcoins, there are smaller shitcoins that get pumped A LOT more. For example DVPN got pumped 134%, BTRL got pumped 3173% and so on!Another difference is that when bitcoin goes up (in long run) it will remain up but shitcoins go up (aka pump) then eventually they come down (aka get dumped).
Bitcoin suddenly went down a lot but the price is being corrected again traders are very optimistic and those who have invested to keep prices low will get double the profit bitcoin could see its game again this year. The crypto market is not stable because bitcoin is constantly rolling the bull run will start again at the market.
This doesn't look like anything other than the same trend as the past 2 months which is going sideways even though the range became bigger in the past couple of days. The significant level is still $40k and until it is broken we will continue seeing price testing it and coming down then testing it again.
I would say the same thing. Until BTC can strongly break the $40K zone, then there will be ups and downs as just as what we experienced the past many days. Anyway, this can be a big opportunity for many good traders to make big money as volatility continues to influence its movement. I heard that whales are on accumulation stage and that is why the general sentiment remains bullish for BTC.
It is recovering from a strong drop, but personally I am not too optimistic about the short to medium term situation.
In my opinion, after BTC recovers around $40k-50k, it will fall harder.
In my opinion, after BTC recovers around $40k-50k, it will fall harder.
Still continue to sideways until the fud ends and if the fud ends while the price didn't drop below like $28000, the possibility to break that $40k is higher. I'd like to think it's going to break the resistance this time after few unsuccessful tries to break out the support line.
Too early to tell about breaking resistance. Most retail traders are probably still afraid to buy after the $30K support line was recently broken. It's a waiting game I guess.Amazing how it quickly goes up after touching the price at 29,000,
The previous attempts to break the $30K support were the same. Price quickly bounced off that area but bears managed to do it last time.somebody must have panicked that day.
Or a coordinated attempt to push the price down further to accumulate at a cheaper price. Still continue to sideways until the fud ends and if the fud ends while the price didn't drop below like $28000, the possibility to break that $40k is higher. I'd like to think it's going to break the resistance this time after few unsuccessful tries to break out the support line.
Amazing how it quickly goes up after touching the price at 29,000, somebody must have panicked that day.
This doesn't look like anything other than the same trend as the past 2 months which is going sideways even though the range became bigger in the past couple of days. The significant level is still $40k and until it is broken we will continue seeing price testing it and coming down then testing it again.
BTC:
Breaking down to refresh the previous low point, the bottom of the daily level is a rebound signal of Hammer Yang K + Lianyang standard. In the short term, the rebound is expected to continue at the position near 36100, which is the position of the daily mid-track. So today, we will rebound first, and we are expected to enter. Field position 34800 this position.
Breaking down to refresh the previous low point, the bottom of the daily level is a rebound signal of Hammer Yang K + Lianyang standard. In the short term, the rebound is expected to continue at the position near 36100, which is the position of the daily mid-track. So today, we will rebound first, and we are expected to enter. Field position 34800 this position.
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