Topic: No Resistance From $30K-$40K? - page 4. (Read 1136 times)
$30,000 already achieved, the show still continue and it might reach $40k soon. This is crazy, bitcoin is really making people amaze with what is happening now, this new ATH is bigger, a possible x2 of the last ATH which was close to $20,000... Keep holding everyone, this is the time that we all have been waiting for, it has already come so let's enjoy it.
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.
What do you think?
He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.
Probably the better term is that there are no ceiling for Bitcoin.
But remember we can't go on parabolic rise, history already tell us, at some point we will have a correction. But it's going to be negligible as institutions and companies are still going to buy bitcoin no matter what the price because they are using it as hedge and not a speculative assets. So we should still expect some pull backs but then use it as a perfect opportunity to buy even just a few sats and then continue to HODL.
Totally agree.
Corrections will happen at some point, but institutions are gonna keep buying so pullbacks will probably be more shallow and shorter for the most part than we are used to expecting during a rapid appreciation like this. I mean, to me, looking at the chart it looks like its screaming for a correction back to $19k/$20k (the last main level of resistance that Bitcoin passed through), but knowing hundreds of millions of dollars are being bought up long term by institutions every single week (and all crypto traders know this so it affects the psychology of those that would be selling) makes it seem pretty unlikely to get this kind of correction we would normally expect. If we don't get a solid correction this winter I could at least see it going sideways for a bit at some point with a few bear traps like it did at $19k for a month before pushing through. I could definitely see a month of sideways action happening at some point before it hits $40k.
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.
What do you think?
He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.
Nonsense. There is no known resistance between $30K and $40K because the market has never tested those levels. It's no man's land.
That doesn't mean supply won't flood in at any given price, whether that is $31K or $36.5K, causing a significant top and mid-term correction. It just makes it fundamentally difficult to predict when and where that will happen.
According to the round numbers theory, $40K would be the next predictable resistance after $30K. I'll give him that. But where the next unpredictable resistance lies......that is less straightforward and I suspect it lies somewhere between $30K and $40K.
Yeah exactly. We just have no idea where resistance might occur. Obviously $40k would be the next big psychological number level of resistance, but that there could be plenty of resistance in various places between $30k and $40k, we just don't know until it happens because these prices have never been touched before.
Look at the $20,000s, it was half a month ago when Bitcoin passed $20k for the first time and now it's within $200 of $30k! There was no resistance for a 50% gain above the 3 year old ATH! But nobody knew that going in - a lot of people predicted resistance would be hit in the $22k-$25k area after the initial euphoria of breaking $20k wore off a couple thousand dollars above that, which turned out to be totally wrong. Bitcoin is in price discovery mode right now, and until we actually get a correction we have no idea where the next strong resistance will lie.
~snip~
I don't know if the guy you quoted really understands what OP said about the YouTube video he watch. It says that there is no known resistance at 30K level and above so the price towards 40K and Above was easy to hit as per his statement.
But in my opinion. Resistance can form in any price level as of now since the current price and above is new territory for BTC so its impossible to see new strong resistance unless it was tested multiple times.
I guess so. But that will not be a problem for us. I agree with what you say that the resistance can form at any price level, and yes, bitcoin needs to test it multiple times. But we will see a new sign from the price, especially if we can analyze deeper using more indicators to find out what will happen next. Even that can't be the right prediction, at least, we can get something from the indicator.
~snip~
I think it is too far to target the $ 100k mark this year, because bitcoin must be able to hit at least $ 40k first before it can be penetrated to go to the next price maybe between $ 50k- $ 60k, of course to get that also needs a positive boost.Even though at the moment the bitcoin trend is still positive, I think there will be times when the price will experience a correction first in the end and then it will return to looking for new resistance, I myself only targeted $ 30k this January and it is not impossible to experience a correction.
But it could happen to reach $100k this year, especially if the mass adoption can grow fast. Perhaps, bitcoin needs to start a small rally to break $30k to attract more investors to invest their money in bitcoin. If that can happen, perhaps, that can boost the price to have a strong buying trend in the investor.
The correction will come eventually, and I think every time the price is down, that means the correction coming. And although the price is not going down too deep, that can be how bitcoin prices increase higher after the correction.
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.
What do you think?
He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.
There are so many people saying about what could it be like in terms price of the Bitcoin, most of these people only giving
their own speculation in accordance with their experienced and thoughts about the prediction value of Bitcoin.
However, when it comes to resistance, always remember that Bitcoin always volatile, so the psychology barrier is just an
insane thought in my own opinion.
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.
What do you think?
He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.
Probably the better term is that there are no ceiling for Bitcoin.
But remember we can't go on parabolic rise, history already tell us, at some point we will have a correction. But it's going to be negligible as institutions and companies are still going to buy bitcoin no matter what the price because they are using it as hedge and not a speculative assets. So we should still expect some pull backs but then use it as a perfect opportunity to buy even just a few sats and then continue to HODL.
Resistance is being alive just if price already was on that levels, for example 20.000$, or levels like 9.500$ and 12.000$.
There is no technical resistance but the psychological resistance will be hidden inside the order book. You can make your own analysis by checking the buy/sell walls and compare the situation with the previous resistance orders. Bears are not stupid to give up on the market, they will be there at the right time which is unknown now. The resistance points will be psychological and usually, these psychological points end with 0. $50k and $40k will be the key for the continuation of the uptrend, otherwise I will cancel the new investment plans until the next market recovery.
No resistance yet that's the right answer . People is not setting any orders above on that price since it's too early to set it there . that's why other traders see that Bitcoin doesn't have it there .you will only see it once we reach that high price and there is possibility that many will take profit once we reach 30k level or above that. Same scenario when we see price of BTC after breaking 20k level many traders though that it doesn't have it but it has.
My advice don't believe everything someone on YouTube says, most of youtubers now just spread lies to get viewers. I think that if the price of
Bitcoin goes up to any price there will always be resistance, so when the price of Bitcoin manages to reach the price of $ 30,000, the next one
will rise even higher. And definitely resistance and support is something that will always be there.
This is why you should also know how the market works so youtubers can’t fool you, and yes there’s always a resistance and that is something that we should be aware of. We can’t reach highest peak without experiencing the correction, we might not see some resistance today but I’m sure it will come in time. Bitcoin goes up to any price there will always be resistance, so when the price of Bitcoin manages to reach the price of $ 30,000, the next one
will rise even higher. And definitely resistance and support is something that will always be there.
It's pure speculation just like what we're speculating. It could or not happen. That's all you need to remember when you hear someone say his insights about the market. I have no idea who that youtuber is but you can give us a hint of who that man is. What everyone is aiming now is to see it half of $100k and then it will go $100k. That seems to be high but that's another speculation just like what that man is saying in his video. Just think how much you're selling and buy at low and sell in high profits.
I agree since Bitcoin didn't reach those price yet so for now it's all pure speculation and I don't think Bitcoin would reach $100k next year because that's way too far from reality yet. Bitcoin is barely breaking from its new ATH now so I don't think this world happen in 2021 not unless of course, if there's a big investors join in the market that would literally pump Bitcoin to $50k or more.They are the institutional investors that keeps on buying bitcoin, they've done it for the whole year and they could still continue doing that at this year. They don't care about the price of bitcoin because they've learned about it being a scarce asset having a supply limit of 21 million. And we already have mined more than 18 millions so that's less 2.5 million bitcoins left to be mined.
My advice don't believe everything someone on YouTube says, most of youtubers now just spread lies to get viewers. I think that if the price of
Bitcoin goes up to any price there will always be resistance, so when the price of Bitcoin manages to reach the price of $ 30,000, the next one
will rise even higher. And definitely resistance and support is something that will always be there.
This is exactly right, there is nothing wrong with not having resistance at higher levels because it doesn't mean that we are going to reach there and go higher very easily, it just means there is no need for it. We do not have any resistance at all above $100k as well, does that mean we are going above $100k very easily? Reach $100k and in a second be $200k as well? Of course not, because we just don't have any resistance there since we do not need it.Bitcoin goes up to any price there will always be resistance, so when the price of Bitcoin manages to reach the price of $ 30,000, the next one
will rise even higher. And definitely resistance and support is something that will always be there.
$30K of course got closer and closer, it is not like my example, but we still do not need a huge one because the price is going up like crazy so resistances are not building the way they used to, normally it took some time when bitcoin was steady but it hasn't been steady for a while so this is the reason why we do not have it right now, given enough time we are going to have one for sure.
I really don't believe the person who made the video on YouTube. me and others and many people say, that bitcoin can reach $ 100k. especially nowadays many people want to buy it and store it for a long time. my advice, just ignore the video maker, I believe the goal is to make videos for content.
I think that could happen because I am sure that the bitcoin price will not just stop at the current price. But unfortunately, we will not know when that $100k will happen in the market because there are no right predictions. We can hope that it will happen in this year or next year, and we have much time to wait for that price. We should stay focus to make more bitcoin from now before the price jump to the high price, which can make us miss the chance to have more bitcoin.
I think it is too far to target the $ 100k mark this year, because bitcoin must be able to hit at least $ 40k first before it can be penetrated to go to the next price maybe between $ 50k- $ 60k, of course to get that also needs a positive boost.
Even though at the moment the bitcoin trend is still positive, I think there will be times when the price will experience a correction first in the end and then it will return to looking for new resistance, I myself only targeted $ 30k this January and it is not impossible to experience a correction.
My advice don't believe everything someone on YouTube says, most of youtubers now just spread lies to get viewers. I think that if the price of
Bitcoin goes up to any price there will always be resistance, so when the price of Bitcoin manages to reach the price of $ 30,000, the next one
will rise even higher. And definitely resistance and support is something that will always be there.
Bitcoin goes up to any price there will always be resistance, so when the price of Bitcoin manages to reach the price of $ 30,000, the next one
will rise even higher. And definitely resistance and support is something that will always be there.
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I really don't believe the person who made the video on YouTube. me and others and many people say, that bitcoin can reach $ 100k. especially nowadays many people want to buy it and store it for a long time. my advice, just ignore the video maker, I believe the goal is to make videos for content.
I think that could happen because I am sure that the bitcoin price will not just stop at the current price. But unfortunately, we will not know when that $100k will happen in the market because there are no right predictions. We can hope that it will happen in this year or next year, and we have much time to wait for that price. We should stay focus to make more bitcoin from now before the price jump to the high price, which can make us miss the chance to have more bitcoin.
I don't know if the guy you quoted really understands what OP said about the YouTube video he watch. It says that there is no known resistance at 30K level and above so the price towards 40K and Above was easy to hit as per his statement.
But in my opinion. Resistance can form in any price level as of now since the current price and above is new territory for BTC so its impossible to see new strong resistance unless it was tested multiple times.
-snip-
What OP should listen to more are financial advisors that will put your best interest as a client in the first place. Gotta agree about these Youtuber, they might look sincere but all they want is your views as an audience, have stopped binge watching them although some ideas about finances that I have learned came from these people. Does it even really matter if we hit the price? I mean it is a milestone but what is new when this happens, another celebration.Just like OP asking a resistance from $30K-$40K while the simple answer is not since Bitcoin not yet reach that price, this because he's trust the self claimed professional speculators.
IMO it's really matter since Bitcoin is still fairly new and many old-investors, financial institutions, and government didn't believe in Bitcoin, but Bitcoin can go better than they thought. Also if the price hit $30K it will possible to hit $35K and so on.
I really don't believe the person who made the video on YouTube. me and others and many people say, that bitcoin can reach $ 100k. especially nowadays many people want to buy it and store it for a long time. my advice, just ignore the video maker, I believe the goal is to make videos for content.
I think that could happen because I am sure that the bitcoin price will not just stop at the current price. But unfortunately, we will not know when that $100k will happen in the market because there are no right predictions. We can hope that it will happen in this year or next year, and we have much time to wait for that price. We should stay focus to make more bitcoin from now before the price jump to the high price, which can make us miss the chance to have more bitcoin.
You need to stop listening to this self proclaim professional traders (youtubers), most of them have no knowledge about what they're saying but simply making video that'll interest more audiences so as to burst their revenue as a result of increased of their audiences (viewers). The hottest topic now in the industry is the potential next stop for bitcoin as it's quite certain we'll be reaching the $30k trading milestone anytime soon.
What OP should listen to more are financial advisors that will put your best interest as a client in the first place. Gotta agree about these Youtuber, they might look sincere but all they want is your views as an audience, have stopped binge watching them although some ideas about finances that I have learned came from these people. Does it even really matter if we hit the price? I mean it is a milestone but what is new when this happens, another celebration. 
I really don't believe the person who made the video on YouTube. me and others and many people say, that bitcoin can reach $ 100k. especially nowadays many people want to buy it and store it for a long time. my advice, just ignore the video maker, I believe the goal is to make videos for content.
Are you still believing in him? Believe me, what he was saying about there's no resistance on 30k - 40k was BS. It's only for content and he didn't know about how the market will work. The resistances will be building by those who have bought at the lower level. It doesn't mean when someone was buying bitcoin and he will not keep it forever.
It will be a different story if there's a party how will be buying bunch of bitcoin for long term. I never watched any youtube videos that created by traders. That's pure only for content.
It will be a different story if there's a party how will be buying bunch of bitcoin for long term. I never watched any youtube videos that created by traders. That's pure only for content.
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