Bitcoin Forum

With the charts are looking bearish, an analyst says there is no evidence that Bitcoin would experience another rally. However, from the longer-term perspective, is there a positive signal?

https://atozmarkets.com/news/2-july-bitcoin-price-technical-forecast-is-there-a-positive-signal (https://atozmarkets.com/news/2-july-bitcoin-price-technical-forecast-is-there-a-positive-signal)

You can see that bitcoin prices in recent days are showing signs of a slight recovery and adjusted around $ 6300. Thanks to the adjustment of the bitcoin has made the altcoin are constantly rising prices, there are many altcoin is increasing in the past days and this is the engine to your trade. The market is still in the downtrend phase so the bitcoin price in my opinion can still continue to fall.

What analyst says is not always true fact in the crypto space. Things are prone to change here lot of times. There is always unexcited stuff happening round here both positive ways and negative ways! So be relaxed about the current bearish trend which shall be over with the current month or by the end of Q3. Why? Because this is the time when most of the investors start rushing into the bitcoin so that they can prepare themselves for the December hikes which is surely there due to condensation. Sometimes you have to rely on fundamentals rather than technical analysis and get your answers.

One analyst may be different thought with another analyst since each of them is different background, experience, knowledge, tend, emotion and psychology, etc. I see another analyst who says that bitcoin is in reversal pattern and ready to bullish. The good thing is applied risk management whichever analysis we follow.

These "analysts" are usually wrong.  The crypto market is very unpredictable but my own personal opinion is that the bear trend is over and the bulls are about to come out in full force.  If you hold long enough you will make a profit- This has always been true in the case of bitcoin and I don't see any reason to think otherwise.

In my own opinion, it is not a profitable to look at the chart and analyze how the chart moves in the crypto industry. Right now, I'm basing my decisions not on charts but on upcoming news. News is now more powerful than technical analysis. One simple FUD or great news can make a huge difference in the market.

analysis may show that there is no rally for now but it does NOT show the bearish move anymore.

NOTHING about bitcoin is bearish anymore. as i said it may not be bullish either but it certainly is not bearish. if you look closer at the charts you can clearly see that. with the testing of the bottom 3 times now the trend reversal is most possible at this point which was expected as i pointed out days ago and now are seeing it happening. how strong it will be, remains to be seen though.

the worst part is that there are a lot of traders who are "wishing" for lower price. like the link you shared. they don't have any analysis so they wish for it. and it is bad because as they see their dreams crushed they will start FOMO buying and we may end up seeing another shoot up to $8000+ like last time.
the exact same thing happened. price went to $6000 then tested $5700ish and failed to stay there. these speculators like your link started talking about a bigger fall that never happened then as price started to reverse the same people FOMO bought it and it went up to $8200 in less than 1 hour.

If you are looking for long term investment you can just go with bitcoin for now because bitcoin prices were raised huge in the long term so no analysis needed to invest on bitcoin in the long term.And then these kind of analysis were done by the past incident so there is no assurance that it will happen again so don't depend too much on analysis of crypto currency prices just trust it and invest on long term.

I guess its already looking positive. I am not sure which market and old analyst you are looking at but the current market is very much healthy and is above the expectations. I mean bitcoin is continuously getting the supports at this level and its not even dropping below 6K USD is very positive signal already. We have gone 15-20% up as whole compared to the total market cap from the last week.  I think it is more than sufficient positive news for us. We just have to wait for few weeks more and you will see the positive surge coming our way. There will be zero time when we will have green candlesticks playing around 8K USD and more!

A trader who reads some positive threads on bitcoin lately and throws everything in, will be making hell of mistake. We still have to trade with caution despite the assume changing trend.

Only noobs do that. Most people here with at least a semi functioning brain know that everything written and set-up by third party sources contains nothing of useful nature. Instead, it would only make sense to do the opposite. In most cases doing the opposite of what's being signalled is far more profitable than going with the fake trend. This market is infested with parties all looking to trap you one way or another. Nothing is what it looks and unfortunately they continue to successfully manipulate newbies. News sites are a toxic element of this market instead of a stimulating one....

Frankly speaking, some analysts will just mislead you in any expectations and will not be intact most of the times. As you see, market is going it's way up to $7k if their is no hindrances according with some indicators and with my TA.  I can sense the  positive impact these coming days.

Analysis are just analysis they are just predictions with evidence that it could potentially get that or accomplish that. Although analysis isn't a full proof idea it's still recognizable by some that may get interested as they follow their footsteps. It's only a matter of time before bitcoin gets it's price why wait for a good sign if you can invest now?.

Short term: Bullish.

First of all, we had a double bottom on the daily chart, which is a bullish pattern. We also broke the lower high on the daily charts which is also a bullish signal. So far in the short term it seems like we are going to see a small bullish run. We are probably going to see a higher low now at around 6.2-6.3k and then hopefully break the last higher high of the daily chart. If not we could enter an equilibrium pattern with lower highs and higher lows.

Now we can see the bearish trend only for a short period of time, if you look at the chart with the daytime timeframe, you will see that there is still a bullish trend there. Therefore, in the long run, bitcoin wins.

In the 7k-7k2 area, there is a big resistance to the BTC so the uptrend of Bitcoin may be retarded in this area, if it passes then it could reach the next milestone of $ 11k. The market is showing signs of good recovery, but fluctuations can occur at any time so there should be a proper investment strategy at this time.

I think that at this point you should not continue to keep your bitcoin, the market is showing signs of slowing down, bitcoin prices and altcoin are down slightly, according to my analysis chart D1 bitcoin is showing signs of convergence Strong and very likely will be volatile.

So I believe you should sell bitcoin at this time so you can preserve your profits and minimize the risk.

It seems to be quite positive that surprise bounced off from $6,000 and goes up, but still we cannot predict anything remembering how does our  production ends in June, buy completely opposite.

Lol which expert)? If you keep taking the words of these people you will make no single success in this business at all. So you better start riding on your lane so that you will survive. All these people so-called experts are making wrong predictions all the time. None of them even predicted that the price will go up to 19k ,,all they were saying was 10k. So don’t trust them in any way.

Last year, when bitcoin sat at $20k, there were many specialists emerged and stated that Btc will reach $50k, 100k and even $1mil, lol. To date, after more than 6 months diving into bearish market, btc still haven't been easily confirmed whether it has bottomed out or not, but its market price is very low. So, specialists emerge again and announce stupid words. Omo

Bitcoin at the present time now anyhow is a little bit recovered though its not enough that can be consider. Unlike 3 days ago it was really not

good unlike now at least it came back again at 6K$ almost. The price value of bitcoin was really unpredictable and the things we can do for real

is to wait and have patience I know one day bull run will come us to every one who believed in it.

''specialists'' There is no technical analysis or fundamental analysis capable of giving you an exact value on an exact date on any market. The so called specialists that like to make extremely accurate predictions are stupid. You can't predict the market to that degree. You can make educated guesses like now for example, bitcoin is bullish after a double bottom and we are most likely going to break 6800 and 7000 in the next week. Most likely means something like 70% to 30%

Saying bitcoin will break 7000 for sure in 2 days is stupid.

I don't think there is any need for evidence on whether Bitcoin will "rally" in your words or appreciate in value except for if you are talking about the technical analysis of the crypto currency market.

Of course that is for sure. And I do not think any trader will do that because a true businessman will always look and calculate the probability of earning money due to changes in the market prices before making the investment. Also as I have been observing the prices lately, the market is very much dynamic and we can have good prices soon as we have had a good rise from $5800 to $6,600 in the last two days.

Actually, in past few months of trading, the technical analysis has become very difficult to predict even trending movements are difficult to predict because of panic fall and high volatile movements but i would tell that you don't go for the opinion on any particular technical analyst and you do your own analysis and see  what results do you get, then you can easily know what analysts think and what they say.