Bitcoin Forum

https://www.tradingview.com/x/B2b3iLJS/

It looks like BTC is preparing for its next leg up.

It has been forming a base around 56,000.  Also the bollenger bands are flat and growing closer.  Look at April for a similar set up.

Another poster mentioned that whales are accumulating below 55,000, a good sign.

I've been saying it for years, while not taking my own advice: "There's never been a bad time to invest in BTC."

I didn't click on your link, because I'm a paranoid person, but we're well beyond mainstream acceptance at this point. More and more people are becoming interested in BTC, and it's deflationary foundation is in full effect.

I believe in hodl and agree with your comments.  Unfortunately, I'm very late to the party and have a high cost basis.

As to the link I hope this forum doesn't allow malware.  Does it?

It shows that it is always sensible to buy BTC and HODL it. Of course, it is better to accumulate from the dip. But even buying from this level is okay to me actually. And I feel like we will see a huge increase in the price again before the end of this year and the price may even hit $100k.

As at the time of this reply, bitcoin is trading at $53k, which is a sharp price drop compared to when the thread was created this shows how volatile the bitcoin market can be its hard to predict.

I know Bitcoin will relay at $50k to $60k within the second quarter of 2021.

I'm really not much bothered about (immediate) future price movements and rarely cheek price actions as I plan to hodl for much longer that the immediate future. If you're a long term holder, sharp spikes and dips are not really that important as you do not intend to take profit or cut losses anytime soon

Posting malwares are against forum rules and would get a user banned, but they can be posted and stay up for a while before mods notice and delete them, so, it helps to be careful.

THanks,
I like this forum for the level headed people. 

Yes, we can see 70K$ in the month of May for bitcoin, especially after the recent leaks that Facebook can buy bitcoin if that happens, so it is expected that we will witness new historical peaks for bitcoin much larger than those that happened after Tesla bought bitcoin.
In any case, we are ready to move towards new bitcoin peaks, but in the meantime we have to be careful because we are also likely to witness very strong corrections.

I'm not an expert.  Today's decline might be related to the stock market decline.

I don't think so bitcoin is for you because you don't understand what is bitcoin and you are confusing new comers too. Look from my experience in bitcoin i believe that there is non best or good time to enter in bitcoin. Because if you are able to hold your money for long term then you cam enter any time you want but remember bitcoin will not perform like what you want. Bitcoin will perform on its own way. You just have to enter and wait until you feel happy. Don't confuse others by telling a best time or good time to enter in the market. Try to tell them just enter and make that time best for you.  Thank you.

Why do you think or do you know that bitcoin is about to make its next leg up because the price you claim now bitcoin surpasses that before we experience the dump in the market. Bitcoin price will still rise but I don't why it is linked to this particular price you mentioned 56,000.

BTC is gonna grow big this year and I'm surprised some people don't have the hints in their faces already.

If you study the market and the factors you will see that BTC is on a great trend and this is going to happen.

Even if now it falls to $45-$50K we are only in month of May folks, there are many surprises left for 2021! ;)

But newbies prefer to buy Dogecoin and other shitcoins instead hoping for a quick buck :) It's all about experience here.

I always laugh at these prediction. "It's going up because bollinger bands are flat" :D Sure...
It's even funnier when someone posts a prediction and gets put in his place within hours.

Bitcoin is going up but 56000 was no support just like 58000 is not a resistance. The fact that a price stopped at that point recently doesn't mean that it's a significant level.  
If you want to look for supports and resistances look at 1d. 60000 is the resistance we need to break to go up.

It's probably the support price for now that's why it is very important to at least maintain it before an imminent break out run that the OP is saying. Regardless though, we have been forming this trend for several weeks now, not going to $60k and every attempt is rejected.

So let's see if TA can 'predict' our next leg up, we still have a week to do so.

And they now have a chance again as bitcoin goes a bit low this time @ $54k.

Another sign that they're going to accumulate again and they're going to get more by this time as it gets a little low.

It's ok because they're looking at the surges in the altcoins market which can't be ignored. But once bitcoin starts to show how it goes on the top, they'll all be left behind or at least some will also go up with it.

I think there will be a good leg down before we can make a leg up. Currently we have a made a higher low on the daily chart at around 60k and currently market is moving sideways but the fact is that there has been a good volume on selling side in the market and we break the bottom support we will see 47-49k regions. From these regions we will get enough buying pressure to go past 60k because at current price there aren't a lot of buyers going crazy for the market.

nice lil pump and dump trick

have a crap tonne of coins

build a wall at $56k
let the minnows put their orders at $56k->$57k(above yours).. sell some of your coin above that. ...
...
then cancel your wall and watch the price dip
then buy more coin using your $57k stash to buy in at $54.. nice easy ~6% profit in one day

People have been saying they're late to the party since BTC cost less than $100. I still think there is more room for BTC to grow than most people give it credit for. I think we're going to keep climbing in waves for the rest of my life.


I don't think the forum has any means for preventing people from posting suspicious links. It's best to not rely on something like the forum to protect you from navigating to questionable places.
I'm sure it's fine, but I've been in the habit not to click anything.

Looks like an end-times collapsening to me.

https://i.imgur.com/Xe5sO8H.jpg

Yeah for sure.

From a technical analysis perspective BTC does seem to be ready to break out. It has been hovering around the $50k mark for quite a while and forming a really good support level from which to springboard off.

With the massive institutional interest, it's really going to be a matter of time before $60k hits. There's still some caution in the market right now which is the reason why prices are subdued - perfect time to load up.

You can't only rely upon TA.
https://finance.yahoo.com/news/bitcoin-sinks-after-elon-musk-says-tesla-will-not-accept-the-digital-coin-for-transactions-223139231.html

Bitcoin sinks after Elon Musk says Tesla will not accept the digital coin for transactions

I think it is good he is out of it. 

NO.Elon Musk isn't out of Bitcoin,because he didn't sell all his BTC.Tesla sold only a small amount of BTC.
However,he will continue to create turbulence and panic in the crypto markets with his unpredictable behavior and BS tweets.
It's funny how everyone was positive and optimistic about Bitcoin and after a tweet from Elon Musk,most of the people just freak out and join the FUD. ;D
Can't we just calm down.The crypto markets are getting out of control. ;D

BTC is moving around 50000$ at this moment and it looks like it's going to jump back to its previous ranges. Also why everyone is jumping around like Elon is gonna sell his Bitcoins..!! He's not gonna, I bet he bought more in the dip and increased his Bitcoin portfolio.

Do you really believe in this? Tesla is Elon. If they sold it's because he told them so. Him saying that it was Tesla, not him is so childish and stupid like he's laughing at us thinking we're idiots or something.

Because he has a reason for it and the reason is money. He wants to pump another coin and show Bitcoin as weak compared to it. I wouldn't be surprised if it was Cardano which is pumping like crazy despite the rest of the market going red.


We still are, don't be fooled by trolls.

We don't know what inside his mind but following his influence from the business side, the possiblities that

he's buying for more is very possible, he knows how the sentiments of most investors and shaken them by

creating some damage to the market will simply make this fall, opportunities for him to buy and hold and

make more money out from this market.

Of course, TA is not an exact math, everything is just base on numbers and past historical records. So still a hit or miss specially when there's some kind of negative news like the Elon Musk tweet or his announcement about Tesla not accepting BTC anymore as mode of payment. Now, he lost crypto enthusiast clients. Elon didn't lose anything because he is not selling his bitcoin. The only thing that suffered is his stocks as it goes down as well.

Even if btc will fall down below 40k$ i will still hold it for i have a big trust that this bull run will still go till next year, 100k$ is my limit and i don't care about the price of today I care about the future of the coin that i hold pump and dump is normal so i think we dont need to worry about it stay fucos guys.

They felt that they were betrayed by someone who doesn't even acknowledge their existence so they are mad at it like Elon was the Anti-Christ of bitcoin market and that if he was to stray away, the market will go down in flames and will never recover. I hope that the prices do really go up but I don't mind if bitcoin stays on this limbo for awhile now since there's still a lot of time for it to go back up.

I agree.
Bitcoin can prove him wrong. It doesn't need his support at all. It is the King of cryptocurrencies and will always be.
The new guy won't understand it at all. He had never supported Bitcoin from the start so he won't feel the same way as our old timers here who had been with ups and down of the Bitcoin market.
Maybe, he should just stay supporting the joke coin and let it rekt him giving away free money for the small traders who had been playing the market of it.
Let it be his contribution for the crypto industry and not his tweets.  ;D

If bitcoin falls below $40k, you have your best time to buy more bitcoin at a lower price because you can hard to see that lower price in the future. Many of us still believe that bitcoin can reach more than $100k in the future, so if we have many bitcoins, we can expect to make a big profit. We can focus on bitcoin but we can try to profit from the altcoin, which has a good movement now.

If you say the price of bitcoin between the two posters is between $ 56,000 and $ 55,000 a good sign, that is doubtful because BTC has fallen by 17% from before. But for now it's good for you to buy in large quantities, it is likely to return to normal around $ 55,000 in the near future.

I prefer to see him influencing less the crypto market. People following him and moving their funds blindly, whales that profit from his tweets to push the price down and up is unhealthy for our beloved BTC. This will occur eventually with more adoption which is happening nowadays but still insufficient..