Jun 28 2022 at 05:41
CraigMcG2020 posted:Yes and it possibly would have the same momentum.
Instruments move up and down for sure so a 'negative' chart is just as good as a positive one to those that trade leverage ;) I think itll go to 12kish but it has stabilised around the 21k mark for the moment
Bitcoin has been bullish so far this week. Today's candle may close as a bullish candle as well. However, there is a down trending trend line in the weekly chart. The price may not get bullish in the bigger chart until the price breaches the resistance of that trend line.
Jul 11 2022 at 00:06
Even though cryptocurrencies have fallen in value, I think bitcoin should strengthen by the end of the year.
No job too big. No job too small.
Jul 11 2022 at 11:46
Freddy4Taylor posted:
Even though cryptocurrencies have fallen in value, I think bitcoin should strengthen by the end of the year.
I think so too, it wont take much for it to start pushing up again and sentiment to change. I dont think it will be a rapid rise though as lots dont have disposable income with inflation to jump back on board
Jul 12 2022 at 06:00
Felhagamand posted:
Honestly I do not believe that the BTC will be somewhere around that levels anyway. How we can go further with that matter totally and completely? I wish I was able to invest in BTC when it was worth peanuts and will sit now and discuss what to do with it honestly.
Yes the high it had was because of hype from Elon and having money to spend.
Bitcoin gets caught within a horizontal range. The level of 21K has been working as a level of resistance. If the level of 17875K works as a level of support, then it may be traded within this range for a while. A bearish breakout may drive the price towards 15K.
It's not showing bullish signs to me at all yet. In a range and still has areas it can target below.
If you can't spot the liquidity then you are the liquidity.
Jul 15 2022 at 11:31
sebking1986 posted:Do you think it will go lower, seems happy here for the moment
It's not showing bullish signs to me at all yet. In a range and still has areas it can target below.
Jul 17 2022 at 15:21
Could still go to 12K yet i think
Bitcoin seems to have found its support in the daily chart. However, the weekly still looks very bearish. Thus, the level of support is to hold the price for at least a week more and produce some bullish momentum in the weekly chart before getting bullish. Let us wait and watch what happens next.
Jul 18 2022 at 05:03
Waanderlust posted:I really don't there would be an end as many billionaires has ownership in the asset.
Hey, your analysis is good. Everyone has gradually started losing hope and they think it is the end for bitcoins. However, I still believe they will rise again.
Bitcoin has been bearish in the daily chart by obeying a trend line. It may head towards the last swing low again. It seems the Bull is not going to dominate in Bitcoin soon.
Bearish still for me all day long. Until we test the 28k level and then break the 30k range I'm bearish. I still think there is liquidity to grab in a deep discount around 12k.
If you can't spot the liquidity then you are the liquidity.
Waanderlust posted:Thanks and not everyone has gradually started losing hope, only the crypto newbies do this.
Hey, your analysis is good. Everyone has gradually started losing hope and they think it is the end for bitcoins. However, I still believe they will rise again.
Jul 31 2022 at 14:47
Looks like it has found support at the old ATH, could be a key psychological level
The level of 18650 seems to be working as a level of support in the daily chart. The price has been bullish upon having double bounces. It may head towards the North for a while. The level of 27500 may work as a level of resistance in Bitcoin.
For the last 1 week, the BTC value has been fluctuating around 23k usd price level. We can expect it to rise in the coming week as the price level is gradually increasing. Although a recent news article by cloud wisdom suggested that nearly 36% crypto traders expect bitcoin to reach $30k mark by the end of this august, most economic analysts have kept the $36k mark as a target by the end of this year. Since the US Fed rates are increasing, and an economic recession is likely to happen, we cannot expect a high recovery of bitcoin too soon. However, bitcoin is sure to rise within 2-3 years timeframe.
Aug 07 2022 at 15:49
Still stuck at the 20K mark. Seems like a breakout is pending with the ranges tightening
HertzTrader posted:I strongly agree with you, because in the future era digital money is likely to replace the existing paper money, and many countries are now going digital.
The recent rise in BTC following the outbreak of coronavirus has confirmed belief that BTC is digital gold. There will be a rush to BTC next time there are any economic jitters. I will be buying dips from now on
Bitcoin has been very bullish today. The H4 chart shows that the price found its support at 22750 and made a good bullish move. It is having a bearish correction at the moment. The level of 24200 may hold the price as a level of flipped support and push the price towards the North.
