the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
Going Solely by the charts and not considering any fundamentals if we see the daily candlestick chart. You will see a moving average crossover happening on the daily chart in which the faster average is intersecting the slower average from above which indicates that a bearish trend is somewhere around the corner. Along with this, you can even see a bearish MACD Crossover on the daily chart. Even though the RSI is now no more in the overbought zone I still feel we are not going to get an immediate pump from here we might see a move downwards from here I think everyone would get a chance to accumulate at around 25K which is the correct point for a retracement after such a big move. So hold your horses don't get into FOMO. Moreover, if we go by technical analysis right point for buying will be above the all-time high as it would indicate a bullish breakout. 
Topic: The price of Bitcoin has exceeded $34,000. Is it still suitable to buy now - page 3. (Read 571 times)
January 13, 2021, 01:46:03 PM
January 13, 2021, 01:43:58 PM
I am always hesitant to give advice about the Bitcoin price and more so when the price is near the new ATH price, but I want to make an exception now...because I am very bullish about this new ATH price. When the price hit $18 000+ in 2017..I thought it would not go up much higher than that... and it did not.
Now I am thinking that the price might go much higher than $34 000, because it reached $41 000 before and the PayPal thing is not played out yet... so there is still room for a price explosion.
Now I am thinking that the price might go much higher than $34 000, because it reached $41 000 before and the PayPal thing is not played out yet... so there is still room for a price explosion.
January 13, 2021, 01:41:27 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
Bitcoin must have heard you as it's starting to break out again lol.
January 13, 2021, 01:35:42 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
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