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Topic: Now BTC Price will drop or up? - page 5. (Read 721 times)

copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
June 21, 2020, 12:08:18 AM
#4
actually price has been stable between $9k and $10k and it has been going up and down in this range, sometimes it is closer to one side more than the other but the range remains the same. and that makes $9k and $10k the important support and resistance levels instead of the prices you mentioned which is why many are looking for these levels to be broken to make a move then.

by the way you should never look at bitcoin price versus Tether. always look at it in USD or any other real fiat currencies (EUR, JPY, CNY,...). your chart is using Tether which is a shady and high risk altcoin.

It's somehow very close to USD since USDT is wag pegged to USDT. I believe + or - 0.5% to 1% difference which is negligible when analysing a chart with a Daily Time frame and so on. I agree with you that BTC is still in the indecision stage which is ranging from 9k to 10k but if we can see the trading volume, the buying power is decreasing overtime and its a bad sign that it might broke the support soon which I hope that I'm wrong.
legendary
Activity: 3472
Merit: 10611
June 20, 2020, 11:53:41 PM
#3
actually price has been stable between $9k and $10k and it has been going up and down in this range, sometimes it is closer to one side more than the other but the range remains the same. and that makes $9k and $10k the important support and resistance levels instead of the prices you mentioned which is why many are looking for these levels to be broken to make a move then.

by the way you should never look at bitcoin price versus Tether. always look at it in USD or any other real fiat currencies (EUR, JPY, CNY,...). your chart is using Tether which is a shady and high risk altcoin.
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
June 20, 2020, 09:16:50 PM
#2
I still fell like we should see another retest of 10-10.5k before any potential fall comes into play but I'm not entirely sure... We could see a drop further to 8.8k and then back up to this zone and just consolidate for a while too...
member
Activity: 280
Merit: 43
June 20, 2020, 09:14:38 PM
#1

 
BTC/USD Technical Analysis

Over the past week, the BTC Price has been stabilizing between 9.5K-9K. If it breaks 9.5K then it can retest 9.8K-10K. Both 9.2K and 8.5K are the Important Level.9.2K, BTC will be dumped at 8.5K if that break. 8.5K is the key level which can take correction to BTC 7.6K - 6.2K if broken
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