Bitcoin Forum

BTC reacted upwards as excpected after the 7250 breakout...next resistance 7650-7700 zone

https://www.tradingview.com/chart/BTCUSD/uwQZ7VeP-BTC-daily-analysis/ (https://www.tradingview.com/chart/BTCUSD/uwQZ7VeP-BTC-daily-analysis/)
https://s3.amazonaws.com/tradingview/snapshots/n/n0HhCF2p.png

Again all the Coins are little forward in the market so many investors are happy to invest in Bitcoin and altcoins. I think many investors are buying more Bitcoin in yesterday it is reflected in current market. But no one is clearly analyse the future possibilities of Cryptocurrency so we need to support Crypto investment then only it will going to upward.

This is the breakout that will lead us to $8,000. I think the market is going to witness a new era to bull movements. I was actually expecting the spike because the market has been over sold since weekend. Whoever did not invest now is likely won't have a chance to buy low for a longer time.

I agree, mkt was ovesold and a reaction was imminent, the point now is to see the next move, I believe many are waiting to sell, so next upmove is limited unless a spike above 8000 happens, stay tuned!

I wouldn't jump to any conclusions if I were you. what we had is just a small recovery, just like when a correction happens after a fast and big rise, this recovery is also because we have had a fast and huge drop.
there also isn't any signs of a bull market movement as of yet. we may or may not see $8000+ but until I see $9500 and the breakout above $10k I would say we are in a bear market.

btw does anyone know why in my original post the image is not loading while in quoted replies it does...I m new here old in the markets...lol

it is because your account rank is low (Newbie). you need to become at least Jr. Member for the embedded pictures to show up. but those who quote you have higher account rank so their comment shows the picture.
https://bitcointalk.org/index.php?topic=178608.0

you can also pay a fee and upgrade your Newbie account to Copper rank so that some of your limitations are improved.
https://bitcointalk.org/index.php?topic=2385104

tnx

There is strong support from BTC at 7k2-7k4 $ so I think BTC will recover in the next few days. I confidently predict that BTC could reach $ 11k in June as the market recovers.

From the look of the chat,it seems a fake out not breakout. Let wait till it is confirm at 7800 before I will believe is a breakout

I predict the BTC will touch the 7800 and price around here for some time, probably a few days, then will increase to 8300-8500 and can be 9000 in mid June

so sad right now we are breaking the pattern and turned it into another downward movement.we won't see it around that point if we do not break $7500 level and stabilize the price in around that level.seems like it's true we are moving toward $5000~$6000 before making another reversal trend.

It's seems to be more interesting to see if how support will hold inside $7200-$7500, as we all knew that inside this industry everything is possible, we can see upwards but yet we are also expecting downfall, the good thing here is we are continue to follow the trend and play well then we can do both long and short trades, it's just depend on how we assess and how we trust the chain, still I'm optimistic that the third quarter will bring more green to us we just need to wait and see the outcome result.

To see the price go up from 7.5k to 11k in one month we would need to see something that can trigger a massive wave of FOMO, a lot of buying pressure that could make the price skyrocket in weeks. Unfortunately, in the current state of the market (bearish), I simply don't see this happening, 10k is still far away, 11k is out of the question, specially if we consider that there's going to be a strong resistance as we get near the 9k-10k range...all in all, we should lower our expectations a little bit, instead of expecting a massive surge in the price, we should expect some consolidation around the 8k-9k range.

In the coming summer months Bitcoin will fluctuate between 7K - 9K marks. But it is impossible to predict the cost of Bitcoin to the full extent, because there are no factors on which to orient.

It seems that green color motivates people to be optimistic about the price.
The price of the Bitcoin has been low for the past week, so the market seems to be seeing a bullish correction towards the $ 8000 barrier.
The stability is at $ 8000, i.,e. a high or low correction will follow unless there is a real shift as good news "LN, accept bitcoin, new service,...etc."

Movement would really be just on minimal range and its not really realistic to think that we would able to hit up even 9k usd price on easy way. We did able to see btc to rise its price on 7.5k which its already a breakout on a resistance if we do try to look out on Technical analysis but we do always or normally see a pullback when theres a small bump and now we are seeing decreasing on price again.If this kind of movement will continue until the 3rd quarter then its possible it will go through the end or rest of the year where we do see bears.

Yes, the $10,000 is the target before the current drop and so, if you are still seeing that support area, I wouldn't doubt that.  I'm still optimistic that whenever that $10,000 is broken,  that means we have moved into another sphere of the market.

It's a pity that it's just a guess and can't fit the real situation.

Because at this moment when I write this thread reply, Bitcoin is priced at $ 5,800
It is very painful for us as holders of Bitcoin.

it was a very good increase, and even though currently the btc has experienced a price decline again I don't think that will be too much of a problem, because we have to believe prices will recover again.

If Bitcoin continues to fall below $ 5k, that would be a very bad sign for the cryptocurrency market over the past few weeks. Hopefully there will be good signals to revive this market and it will grow at the end of this year.

It looks like your analysis is very correct and it is even worse than the current situation. BTC prices have not been able to rise in the last few days and probably will be a panic phase from all investors. Personally, I just hope BTC price can recover again because I am very confident in this market

Chart analysis is really amazing and this is what charts can bring to us and for sure if you master this thing you will be more profitable. Yes the price of bitcoin are still stack around $6k level but I know this will not last until September, another hype will be created and this market will pump again.

This chart proves that we experienced a bull trap before and now we are in a bear trend, but yeah this market will recover no matter what, buy good coins for good.

Bull trap is not important for me as long as btc sustains above $5800 because I've bought at this price but altcoins get worse.

These are quite helpful. Anyone has any Bitcoin price analysis that has to do with as of recent? I think this one was accurate (not 100%) since I followed it. Price is down $6,119 and I don’t know if it will go down to $5000 or what? I have some Bitcoins in my wallet and I’m thinking of withdrawing and putting some of the withdrawn money into altcoin, don’t know if that will be a good way to avoid big loss, or should I leave the Bitcoin in my wallet? Any good idea is welcome.

We are anticipating that bitcoin would not go under $7,000 but yet it goes even deeper and right now we're having bitcoin by $6,000 and nobody cannot predict that except the whales who are manipulating that price.

Great and comparative amount would be around $1,000 but the cryptocurrency is so good that you can begin basically from $100 and the only difference would be the velocity of you getting success from your trade.

You can see that at the moment the bitcoin price has adjusted to $ 6500 and is still slightly increasing, but according to my analysis, it has not increased strongly and bitcoin prices can continue to drop sharply at any time. any. According to my analysis, the bitcoin price could drop to $ 5200 and then recover to $ 7000.

I think at the moment not so well time for doing analys is  on the hours.  Right now BTC push away and becoming to grow trend or breaking 4000 and becoming very deep correction.

New analysis, like and subscribe to my channel if you like, more educational videos with TA lessons will follow!
https://www.youtube.com/watch?v=k1zzevVwZwo (https://www.youtube.com/watch?v=k1zzevVwZwo)

Be ready to open short positions!

Looking at ETH/BTC price chart it seems that BTC will have a great dump soon.

Nice call...see my newest video regarding today's crash!
Uploading in minutes...

Also see why I used an indicator as I usually dot use them as they dont work most of the times!  ;)


https://youtu.be/-xy5H6eGmYw

I just saw on daily news that bitcoin lost almost 500$ just within few minutes. The even was so big that our TV even announced it! What is the possible reason of the fall? I already thought that bitcoin finely turn to bull run, but now again...

no reason some claim was news that GS dropping decision to start crypto trading desk
but as i explain to my video its just usual correction

I was expecting this drop a bit earlier, around monday since in past weekend the BTC was in overbought with RSI in the range 70-80. Probably the overbought situation mixed to that story of "sleeping billionaire BTC wallet" awakened today after 4 years, the big Silk Road fund selling orders (100k BTC) brought us to this bloodbath. Anyway it's just a matter of time, in my opinion the BTC will climb soon to 8000$, I don't know about the alts, probably they still suffer a bit more.

To be honest yesterday I came across a post on the forum which said that the market is now beginning to unfold but now I see the opposite and it is possible that it can go even lower ! But maybe I'm wrong and tomorrow will start again bullish movement !

I think that now the next correction. For more than two weeks the price of bitcoin is in the ascending channel, so I consider this price reduction as normal. Moreover, the price is still in the ascending channel, so at the moment there is no need to panic. Of course in the near future, anything can happen, but I expect that soon the price will continue its upward movement.

https://youtu.be/K9srrwLtgfI

dont miss that!

oh I'm really looking forward to the price breaking through 8000 because I'm preparing for the new year, but I still want to hold my bitcoin up to the price peak like last December 2017 and enjoy the new year with enough profit to buy food and drinks hehe lol,  because i only buy $100 in October 2017

https://www.youtube.com/watch?v=ErVvJU-_Pxw&t=56s
 ;)

Now the 4-hour timeframe shows a divergence. Most likely it will be from the current levels of its development. From the levels 6200 - 6300. The first target is $ 6600.

The resistance line of the local downtrend was broken. Now, most likely we are moving to the previously indicated goal - 6600.

We can’t expect up trend at the moment. But we can expect down sure.  Bitcoin price now already below $6600 and no chance for go up. No news or investment can make a big change for up I think. Bitcoin never can touch the pick again I think.  It can make a balance with real currency. When it goes equal with real currency than only can stop its drop. Otherwise we can see regular up and down movement and finally down. 

Currently price of BTC stagnan with low volatility, but with upcoming good news will make the price back to high volatility. The price will possible going up 100% in less than 1 month. Bitcoin stay strong above $6000 after crash in january and this mean that level support is very strong and BTC have potential to going up.