Bitcoin Forum

Bitcoin's price is flirting with key resistance on the technical charts and could either break higher towards $17,000 or dip once more below the $10,000 mark.

Volumes may rise sharply if bitcoin sees a convincing break above the key resistance. But do you think Bitcoin is at the Make-or-Break Level now?

Source: https://www.coindesk.com/make-or-break-level-bitcoin-pauses-at-key-resistance/

I don`t want to rely solely on technical analysis and I don`t think that btc will break higher towards 17K USD soon.There`s no "make-or-break" level,the price will continue to move between 10K and 11K USD and this is good actually.I`m tired of the high btc volatility,that we were facing during the past few months.
We need a more stable btc price,all the gamblers should buy more altcoins and tokens. :)

Thanks for the share, but I would rather observe how the markets moves and see if this fits on the TA. We have a lot of hit and miss TA from the past, so its pretty obvious that anyone shouldn't rely on analysis alone.

Better used your common sense and judgement before making any decision to push the sell button or just continue to hold and hope that next day will be different.

as I notice the price of bitcoin is playing only at 11k to 10k usd. If we base on bitcoin's history last year, it's worth the price. The long week holiday is approaching I think many will sell bitcoin once the long week holiday is approaching.

Based on the chart I think doing this is a Falling wedge or chanelling pattern. The only poor thing we can do is to make sure something is right or wrong.

The price of bitcoin is only small stable for the time being, because if the price rises too fast, the subsequent rebound will be bigger. I hope Bitcoin will slowly rise and fall, but the overall price will rise so that it will be more stable. Instead of suddenly rising or falling.

It is obvious that bitcoin has dipped again and might go below $10k soon, but this is not such a big deal since it will go back up again. Don't forget how extremely volatile this market truly is. It is fluctuating between $9k and $12k range in recent times, but it will most probably rise back up all the way to $19k mark soon due to the integration of lightning network and other important features. I feel this is a bad time to sell your coins since you could potentially lose substantial profits in the short term which is why I suggest HODLING your coins and don't think too much about the current values.

Right. And i don't think there will be any real.make or break point now since one big fud can instantly make the price dip even if it's on an upward trend. Charts don't usually determine btc's route. Speculation and news does.