What do you think bitcoin price would be in the next few days? - page 6.

justdimin

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Quote from: nara1892 on September 23, 2024, 11:40:34 AM

Yes I see it, from the analytical knowledge that I have I see that now bitcoin is in the resistance area and like the nature of the market usually that is an indication for a reversal (unless there is news that affects it), but it does not mean that it is impossible for the price to break through the last resistance area and touch the previous resistance area at $ 70k.

So if we use technical analysis as a reference then I see that bitcoin will remain in the range of $ 55k - $ 60k for the next few days, and even if it drops it will not exceed $ 53K.
in the end I think we all have no doubts about the prospects of bitcoin, meaning that even if the price drops quite drastically then it is the right time to increase your accumulation, especially if one of the investors holds a DCA strategy.

I think it will probably not drop at all. I understand that some people are expecting it to drop because it has gone up a lot and that is something that keeps some people from thinking that it will go even higher, and I understand that but that doesn't mean that it will go down, it could keep growing or stay the same as well, those are the two other alternatives. So that means if you think that it will not go up, then you can think that it will stay around the same price for a while longer as well.

I think it's looking quite strong right now, and I believe that we are going to see the price change with time, it has to be something that is looking quite alright and not really that complicated to begin with.

Franctoshi

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The month of October is usually a friendly month for Bitcoin and which usually favours the Bitcoin price extension to the upside ,But due to the up coming US presidential election, Kind og think from fundamental and technical perspective we will witnesse more side ways movement in the price, from the price range of $60k -$70k as rhe highest level we will likely get this fews months into the election and this is the price i think it will get to, before the election takes place

Finestream

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Quote from: Btcalysis on September 23, 2024, 06:11:34 AM

Daily sticks are showing bitcoin price will decrease. Bitcoin is difficult to get to $65000. It has to increase further a little than $65000 before it can get close to $70000 and above. I do not think this will happen anytime if bitcoin stay below $65800.

If it's time for bitcoin price to go on an upward position, then I don't think we will still fear that its price will stay in a low price. No one will be able to stop from bitcoin price to surge high most especially that we are almost hitting the last quarter of the year. Although September is not actually a bullish month, but always know that history could sometimes be unreliable. It can be a different September we will experience this year.

Btcalysis

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Quote from: Dr.Bitcoin_Strange on September 23, 2024, 10:39:32 AM

With the recent surge in the price of Bitcoin, some people believes that the reason for the price surge is because of the recent event which I think that they must have also contributed to the price surge but in the next few days to come, it's either the price will surpass $65k or will not go below $55k.

Bitcoin can get below $60000 but it will be hard to get below $55000 if the bullish momentum continues. This is just a prediction from me. That does not mean that i am right but it is from my analysis that makes me have such prediction.

nara1892

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Yes I see it, from the analytical knowledge that I have I see that now bitcoin is in the resistance area and like the nature of the market usually that is an indication for a reversal (unless there is news that affects it), but it does not mean that it is impossible for the price to break through the last resistance area and touch the previous resistance area at $ 70k.

So if we use technical analysis as a reference then I see that bitcoin will remain in the range of $ 55k - $ 60k for the next few days, and even if it drops it will not exceed $ 53K.
in the end I think we all have no doubts about the prospects of bitcoin, meaning that even if the price drops quite drastically then it is the right time to increase your accumulation, especially if one of the investors holds a DCA strategy.

Adbitco

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Quote from: hugeblack on September 23, 2024, 06:35:55 AM

Since the price did not interact well with recent good news, this means that price will remain between 52k to 66k during September and October.
Since we are in an upward wave, I do not think that there is fear for the collapse of the price, everyone will buy bitcoin and wait for what will happen in the coming months.

You are right, I also think the same towards bitcoin price but still let us consider some factors just as you made mentioned of these positive news around the market but isn't that having much effects on it. But hopefully we can see the price gradually climbing from its previous 54k to 63k plus, meaning there is push and this could likely end up at 66k before the ends and we just have about less than 7 days for the month to roll to the next months.

Dr.Bitcoin_Strange

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With the recent surge in the price of Bitcoin, some people believes that the reason for the price surge is because of the recent event which I think that they must have also contributed to the price surge but in the next few days to come, it's either the price will surpass $65k or will not go below $55k.

tbct_mt2

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Quote from: Btcalysis on September 23, 2024, 06:11:34 AM

Daily sticks are showing bitcoin price will decrease. Bitcoin is difficult to get to $65000. It has to increase further a little than $65000 before it can get close to $70000 and above. I do not think this will happen anytime if bitcoin stay below $65800.

Don't look at daily chart, and try to zoom out, look at monthly, quarterly or yearly chart. For example, this one is Yearly candles of Bitcoin and after looking at it, please tell me what do you see and think of it?
https://charts.bitbo.io/yearly-candles/

Let me share what I see and my thinking on it. The chart is very bullish and there are 3 red candles that are three years with corrections after some green years that represent for bull market. So it is like 3 or 4 green candles and a continuation of 1 red candle, then cycle repeats. It's not too bad, and bearish market is hardest in 1 year with red candle. Two other years are recovery and if you can have good entry, you will get profit with such yearly candles.

You don't have to predict any daily change, apply Dollar Cost Averaging strategy for your investment.
https://dcabtc.com/

Awaklara

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October will be a happy hope for Bitcoin holders. The last few years have always seen an increase, and hopefully, it will happen this year too.
Let's see how Bitcoin is until the end of this month. If it can stay above $60k, hopefully, there will be a good price increase next month.
We are still in a good movement. Just hope that if there is a decrease at the end of this month, hopefully, it will not reach $55k. With the current Bitcoin price, in September we are still -1%. There is still 1 week in this month and the price movement can still be positive or negative.

BABY SHOES

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Hard to guess... Sometimes people say this is a trap but seeing after a few days bitcoin is still in an uptrend, therefore no one can conclude that it fell below $50K because anything can happen to reverse direction like the previous cycle.

I think at the end of the month there is usually always an increase because the “Uptober” trend is still likely bitcoin to $65K before the month ends but this is not certain... Sometimes the chart goes down in unexpected ways.

Wexnident

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Quote from: Btcalysis on September 23, 2024, 06:11:34 AM

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Definitely will drop but I don't think we'd go past 58k ish, maybe even 60k at most. Pretty sure it's just following the cycle it's been in the past few months. I'd honestly expect anything above 65k to only happen by the month of November or December really, most likely December. We'd probably see overall the same cycle in October, maybe going up to 66k ish by the end of it but there's a high chance that could change since it's still pretty far away.

Well more buys for me if it ever does drop back to below 60k.

Oshosondy

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Quote from: hugeblack on September 23, 2024, 06:35:55 AM

Since we are in an upward wave, I do not think that there is fear for the collapse of the price, everyone will buy bitcoin and wait for what will happen in the coming months.

You are right about this. The last price of bitcoin which it showed a very strong support was slightly above$52000. I do not think bitcoin will get below that price for now until next bear market which would be significant. But if bitcoin fall further below $50000, it will get back to $50000 and above as fast as possible. We are still in bull market.

Lakai01

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Quote from: hugeblack on September 23, 2024, 06:35:55 AM

Since the price did not interact well with recent good news, this means that price will remain between 52k to 66k during September and October.
Since we are in an upward wave, I do not think that there is fear for the collapse of the price, everyone will buy bitcoin and wait for what will happen in the coming months.

However, it should also be noted that such price behavior for BTC in September of a halving year is quite common:

Source

Generally speaking, September is usually a rough month for Bitcoin.
In October, however, I expect an “Uptober” with significantly better prices than at present, not only because of the fact that this has historically been the case in Halving years.

Lida93

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For me I don't really buy bitcoin for today but for the future and that future is projected towards years from now, so I don't particularly get disturbed about what and how the candlesticks are presently doing with price.

Well, there are those who have bought aiming to take profit towards the end of the year and I think they would be the ones much concerned about were the price could be currently heading to either to $70,000 above or do below $55000 in October.

hugeblack

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Since the price did not interact well with recent good news, this means that price will remain between 52k to 66k during September and October.
Since we are in an upward wave, I do not think that there is fear for the collapse of the price, everyone will buy bitcoin and wait for what will happen in the coming months.

Btcalysis

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Daily sticks are showing bitcoin price will decrease. Bitcoin is difficult to get to $65000. It has to increase further a little than $65000 before it can get close to $70000 and above. I do not think this will happen anytime if bitcoin stay below $65800.

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