There is already a new resistance, so you have to properly analyze it again, because bitcoin reaches again at $ 40k and above,
And resistance is formed there, even though $ 40k and above before there is no resistance,
Of course the trade indicators are what we have to look at.
Topic: No Resistance From $30K-$40K? (Read 1136 times)
There is already a new resistance, so you have to properly analyze it again, because bitcoin reaches again at $ 40k and above,
And resistance is formed there, even though $ 40k and above before there is no resistance,
Of course the trade indicators are what we have to look at.
And resistance is formed there, even though $ 40k and above before there is no resistance,
Of course the trade indicators are what we have to look at.
True. Initially we were in uncharted waters and didn't know where the top would be. At least, now we know price levels that we have to break to reach a new all time high. If you noticed, it was a smooth cruise from $30K to $42K. No struggle between breaking price levels as there was none. No one knew where sellers would start coming in. At least we now have price levels that would need to be reached and broken to confirm that we're back on track with the bull run.
I don't see any correction, the growth continues and so far nothing has changed. Growth cannot occur in one big candlestick, so retracements of 3-5 percent are inevitable. Moreover, if the growth rate increases, even a 10% pullback will mean nothing (do you remember 2017?).
Exactly, I don't know if we can call this retracement, just a minor pullback and then grow in the next 24-48 hours. The highest pullback we witnessed is just around 5% if I'm not mistaken, but then another growth spurt have been seen.
If we are going to compare this to 2017, I would say March-April growth, after Japan accepting bitcoin as legal tender. We witnessed a growth that time. So we are not yet in a bubble, might take the whole year or even 2022 to really see what the top price is going to be.
I strongly doubt that the growth cycle will stretch for another two years. It seems to me that the main growth has already taken place and a real correction/dump should go through until 2022. But only then, just on the expectations of the next halving, bitcoin will enter a new growth cycle, at least for me it would be logical.
We *could* be at $50,000 at the end of January, so anything is conceivable by the end of the year. (Bitcoin went UP $2,000 when the US Capital Building was stormed, so *anything's possible* concerning the price of Crypto)
It does appear as if the stock correlation still an important clue. But possibly because yes, more capital to pour into markets, but all investors seeing worthwhile risks in new markets like Bitcoin. Bad news is good news for the time being.
$100k has never been crazy. Most of us have expected $100k this year even before institutions started jumping on board the past few months. Now it just looks like $100k could be passed much earlier in the year.
Previously my target for the year had been $100k, now I'm thinking $150k-$200k is possible this year.
It's gone from $29k to $42k in not even 8 days to start the year. I expect at least one solid correction this winter/spring, but after that $100k is totally in play by Summer.
Previously my target for the year had been $100k, now I'm thinking $150k-$200k is possible this year.
It's gone from $29k to $42k in not even 8 days to start the year. I expect at least one solid correction this winter/spring, but after that $100k is totally in play by Summer.
I definitely didn't. I was expecting a test of 2017 ATH this year, not last! Still "crazy" for me to try and adjust prices... for a very long time my mind psychologically saw Bitcoin at $4k, and then last year I came to adjust that to $10k. Mind-boggling stuff. Here's to your prediction coming true;)
After Hitting 40K we are seeing another correction in the market which seems healthier than long peak after a sudden surge because huge dump in percentage will leads to panic selling which may trigger the early bear trend as well.
I don't see any correction, the growth continues and so far nothing has changed. Growth cannot occur in one big candlestick, so retracements of 3-5 percent are inevitable. Moreover, if the growth rate increases, even a 10% pullback will mean nothing (do you remember 2017?).
Exactly, I don't know if we can call this retracement, just a minor pullback and then grow in the next 24-48 hours. The highest pullback we witnessed is just around 5% if I'm not mistaken, but then another growth spurt have been seen.
If we are going to compare this to 2017, I would say March-April growth, after Japan accepting bitcoin as legal tender. We witnessed a growth that time. So we are not yet in a bubble, might take the whole year or even 2022 to really see what the top price is going to be.
After Hitting 40K we are seeing another correction in the market which seems healthier than long peak after a sudden surge because huge dump in percentage will leads to panic selling which may trigger the early bear trend as well.
I don't see any correction, the growth continues and so far nothing has changed. Growth cannot occur in one big candlestick, so retracements of 3-5 percent are inevitable. Moreover, if the growth rate increases, even a 10% pullback will mean nothing (do you remember 2017?).
We cant really remove on someones mind on what happened in 2017.Those situations and events would really forever be embedded into our mind thats why i cant really blame
out people on making those presumptions neither positive or negatively on the price.
In talks about resistances in 30k and 40k then it seems it was right because we had broke these levels without any effort.
After Hitting 40K we are seeing another correction in the market which seems healthier than long peak after a sudden surge because huge dump in percentage will leads to panic selling which may trigger the early bear trend as well.
I don't see any correction, the growth continues and so far nothing has changed. Growth cannot occur in one big candlestick, so retracements of 3-5 percent are inevitable. Moreover, if the growth rate increases, even a 10% pullback will mean nothing (do you remember 2017?).
We are just ordinary people like the people on youtube and anyone may predict a certain price for bitcoin, but in the end it is the market that
determines everything. Because the price of bitcoin depends on the supply and demand.
Now $40k is within reach and bitcoin is always scoring new ATH again. Crossing from $30k to $40k is quick in range, but that’s bitcoin and
crypto’s very volatile value.
determines everything. Because the price of bitcoin depends on the supply and demand.
Now $40k is within reach and bitcoin is always scoring new ATH again. Crossing from $30k to $40k is quick in range, but that’s bitcoin and
crypto’s very volatile value.
It's still crazy to think of $100k this year, though, right?
$100k has never been crazy. Most of us have expected $100k this year even before institutions started jumping on board the past few months. Now it just looks like $100k could be passed much earlier in the year.
Previously my target for the year had been $100k, now I'm thinking $150k-$200k is possible this year.
It's gone from $29k to $42k in not even 8 days to start the year. I expect at least one solid correction this winter/spring, but after that $100k is totally in play by Summer.
Well, seems that it has hit $40K super fast after crossing $30K. I think it crossed $40K within 24 hours of crossing $35K infact. This just seems way too volatile and I expect there to be a correction too, maybe in the next 14-15 days? I would say it should go back down to $35K-ish before rising again. That seems reasonable
After Hitting 40K we are seeing another correction in the market which seems healthier than long peak after a sudden surge because huge dump in percentage will leads to panic selling which may trigger the early bear trend as well.
I think I'm betting now that it will not continue to rise to $50k, who agrees with me? The bull run is just so huge, I can't believe we will be at $50k soon without experiencing some correction, I believe it's necessary to have it before we start it again.
It's still crazy to think of $100k this year, though, right?
We *could* be at $50,000 at the end of January, so anything is conceivable by the end of the year. (Bitcoin went UP $2,000 when the US Capital Building was stormed, so *anything's possible* concerning the price of Crypto)
Gotta say there really has been no resistance. I always felt like the only zone without it was 10-12k, but now it's like there's really not much in between 20-40k. Every pullback's been met with a solid bounce, that only serves to push momentum for a higher ATH.
It's still crazy to think of $100k this year, though, right?
It's still crazy to think of $100k this year, though, right?
We're already zeroing in on $42,000 so how high should be replaced with how much higher will we go?
I'd be interested to hear from anyone who is wondering if the climb in price is being filed by sellers simply removing their lower asks with ever higher prices? Or, sellers are just withdrawing their Bitcoins from the open market altogether? (Supply dries up, demand goes higher)
I'd be interested to hear from anyone who is wondering if the climb in price is being filed by sellers simply removing their lower asks with ever higher prices? Or, sellers are just withdrawing their Bitcoins from the open market altogether? (Supply dries up, demand goes higher)
After Hitting 40K we are seeing another correction in the market which seems healthier than long peak after a sudden surge because huge dump in percentage will leads to panic selling which may trigger the early bear trend as well.
I think I'm betting now that it will not continue to rise to $50k, who agrees with me? The bull run is just so huge, I can't believe we will be at $50k soon without experiencing some correction, I believe it's necessary to have it before we start it again.
i dont think you will find many who agree with you actually.
After Hitting 40K we are seeing another correction in the market which seems healthier than long peak after a sudden surge because huge dump in percentage will leads to panic selling which may trigger the early bear trend as well.
I think I'm betting now that it will not continue to rise to $50k, who agrees with me? The bull run is just so huge, I can't believe we will be at $50k soon without experiencing some correction, I believe it's necessary to have it before we start it again.
Will $50K serve as real resistance, being such a big psychological number?
Interestingly, the extension from the 2017 ATH to $50K is roughly equal (in % terms) to the extension from the 2013 ATH to $3,000. And if you'll remember, we had a whopper of a correction (41%) off $3K back then. Will history repeat itself?
Not anytime soon. In 2017 terms, it's only April or May. Things haven't even gone parabolic yet!
Interestingly, the extension from the 2017 ATH to $50K is roughly equal (in % terms) to the extension from the 2013 ATH to $3,000. And if you'll remember, we had a whopper of a correction (41%) off $3K back then. Will history repeat itself?
So the hype we were waiting for 3 years... is here. Question is when will this bubble pop?
Not anytime soon. In 2017 terms, it's only April or May. Things haven't even gone parabolic yet!
I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.
What do you think?
He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.
It seems that the claims are true because Bitcoin easily Break the 30,000 while Harden when crossing the 25k and then again at 40k when this was broken easily hours ago while falls again today.What do you think?
He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.
the question now is that How can Bitcoin cross the 50,000 , and when this would be possible .
Many are longing for this value to stay further if not forever but we also Knew that nothing is permanent in Volatile Market like crypto.
Hard to call a true resistance point as we’re breaking new all time highs. You can’t be sure what you’re looking at is real and accurately reflected across exchanges. We are on the moonshot and the only thing that will stop us is running out of fuel. The sky’s the limit.
True, when the price goes from $33,000 down to $29,000, others call it the resistance, but wait, in less than 24 hours, it goes back to $33,000 again and now touching another all time high of above $40,000. At this point we can't really gauge what is the true resistance as the price keeps going up and there are no ceiling at this point. Maybe next week, $50,000 will be breach setting another all time high.
Hard to call a true resistance point as we’re breaking new all time highs. You can’t be sure what you’re looking at is real and accurately reflected across exchanges. We are on the moonshot and the only thing that will stop us is running out of fuel. The sky’s the limit.
Jump to: