Bitcoin Forum

After a nice bounce back in 78.6 fib level and 300 sma (BTC price was 7300), BTC gain around 2k in last 48 hours.
According to the TA, again BTC retest the support at 200 sma which is at 8800. Now  current wave will try to break 11800 (previous high) in next couple of days. I'm expecting some sidayway patterns before that. If BTC closes above 12200 in daily chart, I think that is the end of bearish trend we will see BTC rally to 17k before next correction.

What do you think about this analysis?

Well we still not solid at around $9K and seeing some minor sell orders so I don't know if we can go and break the previous highs of $11700. Although I'm surprised to see it break $9K earlier and I didn't expect it to be done this early, so its possible that this is just a mental barrier that we need to break and maybe in the next 48 hours we will see the price going $9500.

I think the 9000-9200 resistance needs a positive momentum and a good news to get around 11700 then we will also need something positive in order to jump to 14000

I haven't been watching but was the G20 positive about bitcoin? The last thing I remember in the news last month was the the EU central bank want the summit to discuss cryptos. I think I saw a bit on TV earlier that the G20 want some regulations passed by July.

I do not really understand the analysis of the chart movement of the bitcoin price fluctuations, but I believe that your analysis will happen because I'm tired of seeing the bitcoin price movement in the ever-declining market. I believe prices will not always decline and an upsurge will occur if we look at bitcoin prices a year ago which always rises when the end of March. Hopefully, your analysis is correct and if yes then everyone will be grateful to you who have shared the analysis.

at such moments, I think it makes sense to evaluate only volumes on different exchanges. It is the technical analysis very bad work on finding a rebound, but works well in unidirectional trend, for example for sale and buy at cheaper price. I currently do not exclude the possibility of return at around 7300 to confirm this support level, because there was a serious volume. If it can withstand, and again bounce back and linger at least 1 week above the level of 10,000 (psychological mark) in this case, we can hope for a breakdown of the bearish trend.

I am not sure whether this technical analysis is always working for bitcoin.

These are all just guesses. BTC is now very unpredictable and all cryptocurrencies are dragged behind. It's hard to predict how it will behave at the end of the year ...

whoever deposited and still buying bitcoin, i can say that, they will get big amount of profit within a month,bitcoin will go higher and will be double than present price.so, buy more.

The market of crypto-currencies continues to demonstrate a panicky character of the dynamics.

at the moment G20 stated that they doesn't see any reason to regulate crypto...

"Crypto-assets do not pose risks to global financial stability at this time” -- Mark Carney, Chairman of the G20's Financial Stability Board

It may take a little more time to jump to that high, to my sense. But it is in positive momentum right now. Yeah, there is possibility, nonetheless.

Based on what I have learned and researched, I think the price of bitcoin will drop to 7k. It will happen in about 10 days.

Considering the past couple of weeks after reaching 9k mark it does fall back in 7k ranger and this has happened couple of times. So might not be false to say that if it can fall further from current price to down in 7000$ and again rise back to 9000$. Lets keep the fingers crossed that it does not happen this time and keep rising to above 10k.

I have to agree that we had many positive news about Bitcoin in the past weeks. I wouldn't be surprised if we got back to 20 thousand dollars by the end of March. Short traders are probably happy because they could earn a lot of money on Bitcoin in the last 3 months. I'm too afraid of loss to try short trading. I believe that Bitcoin is sometimes unpredictable which means that it might vastly increase or decrease anytime.

May be more excited than this with this announcement. This is the first move for the Bitcoin market to stabilize and be valid until June, July. Investors are completely convinced that it is an indispensable trend!

Still the price of bitcoin is too volatile can't predict anything for now so it is better to buy more bitcoins as much as can and wait for that bump to happen.I hope bitcoin will hit $20K again by end if this year.

Great then. The previous announcement from their central bank made some people nervous. At least they saying it's unlikely to cause a meltdown means one less reason for hates to bad mouth btc.

Market analysis and the chart analysis are the only things which can help you in having a fair idea about the behavior of the market and even then, you can’t be sure about your prediction that whether you have predicted the right thing or not.

However, there are likely chances of the increase in the market value of the bitcoin in the next few days and that it will bring lot of good news for the ones holding it.

It may take a little more time to jump to that high, to my sense. But it is in positive momentum right now. Yeah, there is possibility, nonetheless.

And now price is 7k$
I think BTC will die soon ;D

No i think its not will be in this year because its realy low for now but its bitcoin u can t guess to him

thank you for giving us the "signal".
because so far without any exceptions every time brand new accounts start to become super active on the forum and start spreading FUD about how bitcoin is gonna "die", that is the SIGNAL that the drop is near the end ;)

The possibility is there where bitcoin had experienced a successive bearish dips several weeks had passed.  I think this will be the come back of bitcoin to rally as high as $17K but this may be attained several months from now considering the resistance to slow down. People should be more supportive with bitcoin such as buying more will create and increase in demand in effect it will increase the price value.

Ups and downs are just daily events for bitcoin at this stage LOL

im sure that the bitcoin will increase but not this month just invest more and hold it until the day bitcoin will reach your dream value

I do not really understand the analysis of chart movement of bitcoin price fluctuations, but I believe that your analysis will happen because I am tired of seeing bitcoin price movements in a market that continues to decline. I'm sure prices will not always decline and an increase will happen if we look at bitcoin prices a year ago that always go up when the end of March. Hopefully, your analysis is correct and if yes then everyone will be grateful to you who have shared the analysis, and I hope the bitcoin in the future will get better and the price will increase more.  :)

Yes the price of bitcoin falls below $8000 again,and this getting normal scenario with bitcoin.But this is not going to be the end because this is not the first time the prices are falling so let's hold and buy more and wait for the price to go to moon.

If bitcoin reaches $ 10,000, beautiful days will come soon. The rise will be even faster after bitcoin's value exceeds $ 10,000.

Ive heard this point of view. I've also listened to allot of clever analyst who think it will go lower before it rises. My buy in point would be around 7000 dollars I think

Its all a gamble..

Looking at the 20k to 6-7-8k drop we can conclude it already has been at that low point.

Bitcoin price is swinging everyday,we don't know when is the time that it will reach the highest or the peak price,just hold and sell if you get your price target.

I wish everyone could understand this!

I like the analysis, especially where it said it will break 11800 in the next couple of days, all is to wait and see if this is true 👍

Bitcoin rising to $17000 before the next price correction is an over emphasis on the chart movement but at that we will witness some forms of positive chart correction movement very soon but I don't think that will be up to $17000 due to the level of volatility in the crypto market.

I think we're seeing a retracement back down to about 7500 or lower. Don't get too optimistic yet. We are still in Bitcoins bear season.

In my views,  there might be a possibility for btc to spike high however $17k is too soon  in the coming months. I would perhaps assume that by Q4 this year , btc price would go up probably $15k and above.

Its been really fluctuating between $7800-$8K in the last 24-48 hours. Still waiting game and probably some are doing daily trading but I'm still glad that it didn't slide deeper. Its too early to say that we are going to see a retracement to $7500 or lower though. Maybe we are just consolidating again and will attempt the next mental barrier which is $8500. But as far as the bear season, yeah, we are not out of the woods yet so it will take months to even get to 5 digits again.

The last couple of days it looked really promising, but again there's a small fall back to $7900. There was some hope for a bull reversal, now we see it did not come true. That makes it hard to believe that bitcoin will soon reach $17.000. Let's just hope it will be that price before the end of the year.

 I believe that bitcoin can hit 17k maybe after 1 months or a couple of months I don't know exactly the time that will happen but for sure it will be happen just give it much time to it's full recovery and maybe that time there are much higher pumps  will happen. Just believe and think always positive because bitcoin is has a very nice platform and sooner or later it proves to us that it can give it's better performance in the market and gives us much more benefits.

Yes I strongly agree with your opinion or your analysis, I believe bitcoin will soon be crawling up with this near future over the $ 17000 price.

To crawl back to $17K, the current price needs to double. I don't know if this is achievable this year or not because of so much ban from nations (India and Pakistan) recently. So it would take like a herculean task to overcome this.

Personally though, I wouldn't put too much expectations, I would be glad just to see bitcoin hits $10K and getting above it will be a big bonus for us with all the attacks from central banks.

In my opinion if bitcoin gets positive support from some countries and also positive information information about bitcoin I'm sure bitcoin will go up because it affects investors who want to invest their capital with bitcoin.
Thank you.

YeAH,  we wait for btc to more than 10 K. Now it is 8 K. In the short weeks, BTC will be 9 K to 10 K. That is a good signal of growing market. Are you late to buy BTC? If yes, you can buy eth or other altcoins. eth now 500 and will be 1 K. Hold 10 eth will give you 5000 K . It is a great profit you can earn.