Is the $17,000+ bitcoin price breakout benchmark to new price direction - page 2.

romero121

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Quote from: darewaller on January 14, 2023, 03:33:14 PM

Quote from: cryptomaniac_xxx on January 14, 2023, 04:22:43 AM

I saw it hit $21k just now but it was short and sweet, however, I was on the fence as the price suddenly drops to $20,400. So the resistance but now should be in the $21k'ish, as this is the second time that we have attempted that price breach it and then goes down hard again.

It's weekend anyway so let's how its going to be slow and the price will continue to ascend and not go down below $20k because that is a big psychological barrier that we need to reach and then sustain.

It is around there, and the good thing about the situation is that we didn't had just one pump. We reached to 19k levels first and then stopped for a while and then reached to 21k after that once again too. Which is why it's such a big deal, because it means that we have reached to a point where it had 2 big pumps back to back.

This doesn't mean that we are going to end up with a big increase later on neither, maybe it will and maybe it won't but that doesn't change the fact that it will not have anything good coming up, it could have a few more back to back increases like this until the month ends and maybe we will close the month with 30k? That is possible if you ask me.

The price keeps on reaching new barriers. Right now it have touched $21k which is quite big considering its value around $17000. There have been discussions will we experience $20k during the month of January. Myself never believed, because the price has been moving within particular limits without exceeding the margin. Finally breakout have taken place and more investment will flow in, which could keep the market bullish. As mentioned back to back price pumping could take the price higher depending on the positive incidents happening around.

darewaller

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Quote from: cryptomaniac_xxx on January 14, 2023, 04:22:43 AM

I saw it hit $21k just now but it was short and sweet, however, I was on the fence as the price suddenly drops to $20,400. So the resistance but now should be in the $21k'ish, as this is the second time that we have attempted that price breach it and then goes down hard again.

It's weekend anyway so let's how its going to be slow and the price will continue to ascend and not go down below $20k because that is a big psychological barrier that we need to reach and then sustain.

It is around there, and the good thing about the situation is that we didn't had just one pump. We reached to 19k levels first and then stopped for a while and then reached to 21k after that once again too. Which is why it's such a big deal, because it means that we have reached to a point where it had 2 big pumps back to back.

This doesn't mean that we are going to end up with a big increase later on neither, maybe it will and maybe it won't but that doesn't change the fact that it will not have anything good coming up, it could have a few more back to back increases like this until the month ends and maybe we will close the month with 30k? That is possible if you ask me.

cryptomaniac_xxx

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Quote from: romero121 on January 13, 2023, 06:46:29 PM

Quote from: uneng on January 13, 2023, 05:02:11 PM

Decisive moment for bitcoin right now. Or it's going to break the resistance level at 20,000$, or it's going to almost hit 20,000$ then crash to the new support level. Big expectations of seeing bitcoin keeping the positive trend above 20,000$. On the other hand, since we are talking about a trend which has started only 3 days ago, and it's pretty intense, there are chances it's just temporary, because when the price pumps too fast, it also dumps really fast not too long after... I would be more confident if this trend had been already lasting for a week, at least.

Once the price reach the $20k barrier, the market will try to have it as the resistance point. From there the chance of falling down to $20k seems to be low. The price is moving at faster phase, which doesn't look to be a temporary move for a crash at the shortest. Some predicted it as the market is being tested and rest will be manipulation. Let's see what's gonna be the outcome.

I saw it hit $21k just now but it was short and sweet, however, I was on the fence as the price suddenly drops to $20,400. So the resistance but now should be in the $21k'ish, as this is the second time that we have attempted that price breach it and then goes down hard again.

It's weekend anyway so let's how its going to be slow and the price will continue to ascend and not go down below $20k because that is a big psychological barrier that we need to reach and then sustain.

romero121

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Quote from: uneng on January 13, 2023, 05:02:11 PM

Decisive moment for bitcoin right now. Or it's going to break the resistance level at 20,000$, or it's going to almost hit 20,000$ then crash to the new support level. Big expectations of seeing bitcoin keeping the positive trend above 20,000$. On the other hand, since we are talking about a trend which has started only 3 days ago, and it's pretty intense, there are chances it's just temporary, because when the price pumps too fast, it also dumps really fast not too long after... I would be more confident if this trend had been already lasting for a week, at least.

Once the price reach the $20k barrier, the market will try to have it as the resistance point. From there the chance of falling down to $20k seems to be low. The price is moving at faster phase, which doesn't look to be a temporary move for a crash at the shortest. Some predicted it as the market is being tested and rest will be manipulation. Let's see what's gonna be the outcome.

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Quote from: kawetsriyanto on January 13, 2023, 09:48:51 AM

Quote from: btc78 on January 13, 2023, 12:21:06 AM

Have crossed 19k recently but drops down to 18k again in which I am seeing that we are heading to new direction comparing to what we have in 2022 though we are far from hitting at least 20k again?
but we have positive look to what will come sooner.
and hoping that this is not just for January but the whole year I wish.

Yep. Today, it passed $19k for a moment. Although it doesn't last a long time, it is surely a good sign that Bitcoin is likely to improve its price constantly. Once the price stays above $19k, it is not very far from $20k. In theory, $20k may be achieved in several days or weeks. But if there is bad news, the price may decrease again temporarily. However, these all are positive indications that this year seems better than last year. I bet Bitcoin already hit its lowest price last year, this year is a time to begin its improvement constantly. Let's hope there is not much bad news anymore, so the price can increase without significant obstacles.

20k is an important resistance level so I expect a huge sell wall which could stop this rally for days or weeks, now this is not bad news as it could allow us to keep buying bitcoin for a price below 20k for some time, however I think that resistance level will eventually be broken, but the problem is that it is so early on the year that it is impossible to discard the possibility of touching 16k or a level close to it again, since it is not possible to predict what it may happen in this market or on the rest of the economy as well.

uneng

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Decisive moment for bitcoin right now. Or it's going to break the resistance level at 20,000$, or it's going to almost hit 20,000$ then crash to the new support level. Big expectations of seeing bitcoin keeping the positive trend above 20,000$. On the other hand, since we are talking about a trend which has started only 3 days ago, and it's pretty intense, there are chances it's just temporary, because when the price pumps too fast, it also dumps really fast not too long after... I would be more confident if this trend had been already lasting for a week, at least.

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Quote from: kawetsriyanto on January 13, 2023, 09:48:51 AM

Quote from: btc78 on January 13, 2023, 12:21:06 AM

Have crossed 19k recently but drops down to 18k again in which I am seeing that we are heading to new direction comparing to what we have in 2022 though we are far from hitting at least 20k again?
but we have positive look to what will come sooner.
and hoping that this is not just for January but the whole year I wish.

Yep. Today, it passed $19k for a moment. Although it doesn't last a long time, it is surely a good sign that Bitcoin is likely to improve its price constantly. Once the price stays above $19k, it is not very far from $20k. In theory, $20k may be achieved in several days or weeks. But if there is bad news, the price may decrease again temporarily. However, these all are positive indications that this year seems better than last year. I bet Bitcoin already hit its lowest price last year, this year is a time to begin its improvement constantly. Let's hope there is not much bad news anymore, so the price can increase without significant obstacles.

As far as I can see, it is above 19k right now as well and it looks like it's going to stay there for a while. I am not saying that this increase is start of something awesome and we will be 100k in a month or whatever, it's not going to be like that for sure. But, I am saying is that we are looking decent right now and there is no reason to bash that, there is no reason to be hopeless even at the face of victory.

This is why it's going to be quite important to focus on making as much profit as we possibly can and it's actually a good thing to see it as a risk even when it's up, because you won't be blinding investing, and keep one eye on it, but you should get involved anyway.

kawetsriyanto

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Quote from: btc78 on January 13, 2023, 12:21:06 AM

Have crossed 19k recently but drops down to 18k again in which I am seeing that we are heading to new direction comparing to what we have in 2022 though we are far from hitting at least 20k again?
but we have positive look to what will come sooner.
and hoping that this is not just for January but the whole year I wish.

Yep. Today, it passed $19k for a moment. Although it doesn't last a long time, it is surely a good sign that Bitcoin is likely to improve its price constantly. Once the price stays above $19k, it is not very far from $20k. In theory, $20k may be achieved in several days or weeks. But if there is bad news, the price may decrease again temporarily. However, these all are positive indications that this year seems better than last year. I bet Bitcoin already hit its lowest price last year, this year is a time to begin its improvement constantly. Let's hope there is not much bad news anymore, so the price can increase without significant obstacles.

suzanne5223

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Quote from: SirLancelot on January 12, 2023, 01:42:01 PM

Quote from: suzanne5223 on January 11, 2023, 01:29:19 PM

The Bitcoin market positive trend was an amazing move by the market but it's too early to have the impression that the market bullish is back and I think we have to wait to confirm the trend the market will showcase next week to be sure since the market always makes some bullish trends just to compliment the bearish market. Although the bullish market will start this year but not in the first or second quarter.
What I am saying is that this could be a bull trap.

I don't think there will be a bull run this year so I agree with him that this can be a bull trap therefore we must be careful about it but I think pro-crypto peeps aren't entering a moving train. They know how risky it was and usually the only ones that does that are the newbies.

There are some who aren't really a newbie but they are just too weak. They come here once the positive trends come back and then they'll leave once it diminish. The price is already at a newer direction by the time it heads to $17k but we don't know what can come next. $17k might be our latest support from now on and it might stay there for a good amount of time.

Most pro-crypto peeps didn't enter the moving train because they seem to be fully aware of the recent surge in price to be a bull trap just like the market always does in preparation for the coming bullish market. However, the bullish market will start this year and it not going to happen in Q1 or Q2.

We will always have people who will always leave the market when there's a bear and come back when there's a bullish. I believe that's their own strategy for avoiding panic selling.

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Quote from: btc78 on January 13, 2023, 12:21:06 AM

Have crossed 19k recently but drops down to 18k again in which I am seeing that we are heading to new direction comparing to what we have in 2022 though we are far from hitting at least 20k again?
but we have positive look to what will come sooner.
and hoping that this is not just for January but the whole year I wish.

Right, the price is just below, at $18,850, so it's very interesting how in the last 24 hours the price seems to be jumping and have hit that $19,000 price, unfortunately, it was not sustainable for the meantime.

But we are still far from the bullish sentiments, we need to get to at least that $20,000. That is the biggest test for us, get to it and then have a sustain run. For sure as this is the biggest resistance, it could also mark at the selling point for some speculators to make some money specially those who have bought at $15,500 to $16,500 range.

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Have crossed 19k recently but drops down to 18k again in which I am seeing that we are heading to new direction comparing to what we have in 2022 though we are far from hitting at least 20k again?
but we have positive look to what will come sooner.
and hoping that this is not just for January but the whole year I wish.

hatshepsut93

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Historically, between bear market and a bull market there has been long periods of stagnation and sideways trading, that are generally still viewed as a part of a bear market. This is likely a part of this pattern. Price going up and down, again and again over certain range - this time it's around 16k to 22k. A sign that the real bull market has started would be a rapid breakthrough above 30k or even higher. Right now nothing truly interesting is happening.

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Quote from: Marvelman on January 12, 2023, 05:17:21 PM

Quote from: Piesel on January 12, 2023, 05:00:32 PM

Bitcoin is going to break some level of doubt this period and haven't attained a $20k in this early time of the years is a pointer to how great this year 2023 will be for cryptocurency and Bitcoin especially.

There have been alot of buys in this period and most people buying Bitcoin now afe in for long-term basebecause their all preparing ahead for the Bitcoin halvimg time before selling so there is a ling way walk for Bitcoin in this year 2023.

It is difficult to predict what will happen with the price of Bitcoin in 2023. The value of cryptocurrencies can be highly volatile, and it is influenced by a wide variety of factors. However, some people believe that the upcoming halving event in 2024 and increasing mainstream acceptance could lead to a significant increase in the value of Bitcoin in 2023. The future of Bitcoin in 2023 is like a rollercoaster ride, with the halving event as the booster rocket, only time will tell if it reaches new heights or crashes and burns.

Doesnt matter on where it would be peaking out as long i have accumulated on 16k price point.Its not bad to make out some sell considering the price had reached up 19k (18900 as of this writing).
Its true that we do have that 17k+ resistance but turns out to be broken.We are now playing around on breaking that 19200+ and if it would succeed then we might be seeing 20k once again.
It is really just good to see that we are seeing some green candles after long the wait because we've been bearish all the time and we are hoping something like
this which it might be a good start.

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Quote from: Piesel on January 12, 2023, 05:00:32 PM

Bitcoin is going to break some level of doubt this period and haven't attained a $20k in this early time of the years is a pointer to how great this year 2023 will be for cryptocurency and Bitcoin especially.

There have been alot of buys in this period and most people buying Bitcoin now afe in for long-term basebecause their all preparing ahead for the Bitcoin halvimg time before selling so there is a ling way walk for Bitcoin in this year 2023.

It is difficult to predict what will happen with the price of Bitcoin in 2023. The value of cryptocurrencies can be highly volatile, and it is influenced by a wide variety of factors. However, some people believe that the upcoming halving event in 2024 and increasing mainstream acceptance could lead to a significant increase in the value of Bitcoin in 2023. The future of Bitcoin in 2023 is like a rollercoaster ride, with the halving event as the booster rocket, only time will tell if it reaches new heights or crashes and burns.

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Quote from: _BlackStar on January 12, 2023, 04:07:57 PM

Quote from: boyptc on January 12, 2023, 01:45:28 PM

What could be the reason for the sudden pump?

Don't know the exact reason, but I don't think this was sudden pump, but I have seen bitcoin getting stronger since early January. For now, the price has broken through $19K and it is very possible to break $20K in few days. This has convinced me that the lows have been passed and it is time for recovery.

Pay attention to this data, I can say that bitcoin is a good tip from January 1st to now based on this, and Complete data can be seen at:

Bitcoin is going to break some level of doubt this period and haven't attained a $20k in this early time of the years is a pointer to how great this year 2023 will be for cryptocurency and Bitcoin especially.

There have been alot of buys in this period and most people buying Bitcoin now afe in for long-term basebecause their all preparing ahead for the Bitcoin halvimg time before selling so there is a ling way walk for Bitcoin in this year 2023.

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Quote from: boyptc on January 12, 2023, 01:45:28 PM

Quote from: coolcoinz on January 12, 2023, 10:55:48 AM

I'm not excited at all since we're still below 20k. I had high hopes for bitcoin in 2021, but that was until we broke the historical ATH to the downside and did not bounce back, like we like to do when the low point is temporary. Anything below 20k is a tragedy for the price, for miners and the whole industry.
I'm still a holder and I know bitcoin will be above 100k one day, but since we fell lower than expected, we could argue that the lowest in the last 10 years when it comes to moving averages,

I've read an analysis that we'll never go back under $16k or $15k. The highest that I've seen so far for this sudden increase is $18,700 and it has broken the resistance of those analyses that I've seen.

Several possibilities can still occur but seeing the current conditions they are already at $ 19k actually they are quite strong and it could be if the increase continues $ 21k is still possible if you look at the current resistance but on the other hand this is also a little complicated because we know this condition occurs because there is some pretty good news and we also know that sometimes bad news can come suddenly amidst conditions like this.

_BlackStar

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Quote from: boyptc on January 12, 2023, 01:45:28 PM

What could be the reason for the sudden pump?

Don't know the exact reason, but I don't think this was sudden pump, but I have seen bitcoin getting stronger since early January. For now, the price has broken through $19K and it is very possible to break $20K in few days. This has convinced me that the lows have been passed and it is time for recovery.

Pay attention to this data, I can say that bitcoin is a good tip from January 1st to now based on this, and Complete data can be seen at: Coingecko

boyptc

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Quote from: coolcoinz on January 12, 2023, 10:55:48 AM

I'm not excited at all since we're still below 20k. I had high hopes for bitcoin in 2021, but that was until we broke the historical ATH to the downside and did not bounce back, like we like to do when the low point is temporary. Anything below 20k is a tragedy for the price, for miners and the whole industry.
I'm still a holder and I know bitcoin will be above 100k one day, but since we fell lower than expected, we could argue that the lowest in the last 10 years when it comes to moving averages,

I've read an analysis that we'll never go back under $16k or $15k. The highest that I've seen so far for this sudden increase is $18,700 and it has broken the resistance of those analyses that I've seen.

Quote from: coolcoinz on January 12, 2023, 10:55:48 AM

I don't expect anything big to happen before the halving. It's going to be great if we go back to 25k this year, but that's probably all she's got.

Yeah and I'm expecting things will be better after the halving.

There's still a long way to go for this year and the positivity of the situation is increasing and bitcoin is doing better than of last year.

What could be the reason for the sudden pump?

SirLancelot

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Quote from: goaldigger on January 11, 2023, 04:47:14 PM

Quote from: suzanne5223 on January 11, 2023, 01:29:19 PM

The Bitcoin market positive trend was an amazing move by the market but it's too early to have the impression that the market bullish is back and I think we have to wait to confirm the trend the market will showcase next week to be sure since the market always makes some bullish trends just to compliment the bearish market. Although the bullish market will start this year but not in the first or second quarter.
What I am saying is that this could be a bull trap.

Not a bull trap but can be consider as a small pump and a preparation for the real bull trend.
Its also good to see altcoins following the pump of Bitcoin, this is a good sign but yeah too early to celebrate. If there’s another pump that can actually reach the price of $20k, then we might start this year on a better trend. Its good if you are able to bought at a cheaper price, bull is about to come.

I don't think there will be a bull run this year so I agree with him that this can be a bull trap therefore we must be careful about it but I think pro-crypto peeps aren't entering a moving train. They know how risky it was and usually the only ones that does that are the newbies.

There are some who aren't really a newbie but they are just too weak. They come here once the positive trends come back and then they'll leave once it diminish. The price is already at a newer direction by the time it heads to $17k but we don't know what can come next. $17k might be our latest support from now on and it might stay there for a good amount of time.

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I'm not excited at all since we're still below 20k. I had high hopes for bitcoin in 2021, but that was until we broke the historical ATH to the downside and did not bounce back, like we like to do when the low point is temporary. Anything below 20k is a tragedy for the price, for miners and the whole industry.
I'm still a holder and I know bitcoin will be above 100k one day, but since we fell lower than expected, we could argue that the lowest in the last 10 years when it comes to moving averages, I don't expect anything big to happen before the halving. It's going to be great if we go back to 25k this year, but that's probably all she's got.

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