Bitcoin Forum

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

Actually it reaches as high as $34,xxx on some exchanges, but this is like 12 hours ago. But after that I have observed the price to slowly declining again. But let's see, it is above $33,500 now and hope it can break $34k barrier again.

At least this weekends, we might see some positive signs of the market movement going into positives. We don't want the price to go like ~$30k.

Bitcoin has been in a percentage growth compared to the last ATH, in recent weeks the price has been above $ 30k, if all goes well the bulls can reach the price of $ 40k, for now they have touched $ 34k It has already at least exceeded $ 33k, since yesterday it had a setback to $ 32k, for now I think that in the short term it is seen with a bullish outlook:

https://i.imgur.com/9f5ukma.png

Source: https://u.today/btc-eth-bnb-ada-and-doge-price-analysis-for-july-10 (https://u.today/btc-eth-bnb-ada-and-doge-price-analysis-for-july-10)

Everything is expected to run its good course, maybe it can approach $ 35k which is a very good price level for all those who really still have doubts.

Consolidation at its best this summer. Bitcoin is taking much time ranging in $32k +/-$1k which might be a good sign before the landing to +$40k again as a first step. I have the feeling that this winter will have/prepare for a new ATH since the actual price is ridiculously low.

I saw it @ $34k and thought that it would come easy to the next price of it. The placing that bitcoin shows are removing my worry as long as it's moving like this, slowly.

I don't have any worries if it gets a sudden plummet but more likely after this, we'll see a sudden pump once again once it breaks the barrier to $40k and up.

I'm not going to expect something if Bitcoin wants to break the $40k resistance since all of the news leading to a fud and there's nothing new about it. It might be good if you stop expecting something that won't going to happen because it's just so tiring to look at your portfolio every week and still nothing changes. But if there's a good news like people would suddenly fomo then I might reconsider this thought of yours, but for now it's still impossible to predict that this is going to happen even in winter or next year, we are already in the bear market since it's slowly dropping down to $30k.

Yes, others see this as a bad sign, but I would say that when the price goes on $32,000 +/-$1000 this is an indication that investors are still buying in this range, consolidating their Bitcoins on wallets that they have in control. So still period of accumulation around this price.

And then come last quarter, the price will bounce back slowly and then probably new ATH at the end of the year. So it's good as long as the price will not go down to $20,000.

Is there any extra significance of $33,500 that Bitcoin breaking it could mean more than what is currently happening?

The price movements of Bitcoin for the past few weeks are somewhat boring. The charts are generally showing a sideway movement. But despite this, I am still looking at the big possibility that one of these days the bullish sentiment of Bitcoin would suddenly translate into a huge price rally.

Good question. And the answer is no :)

I don't think we can call it sideway anymore since price isn't making any moves anymore. It is mostly stable and 2% changes, despite what OP thinks, aren't considered changes in bitcoin that usually has changes that are bigger than 10%.

Bitcoin price has remain stagnant for a while, but from the chart it's showing that the price might increase to 34k before ending, at least their is a little bit movement compared to the initial, everyone is watching seriously for the price to speed up, because now i believe that price of bitcoin will definitely accelerate than our expectations from now enhance forth.

This day seems the bitcoin price will not go anywhere like yesterday. Hopefully, tomorrow, the bitcoin price can move higher and even that will not increase too high and only back to the last high price. That will not be a problem as that can give altcoin to moves to the high price.

These situations will not be easy for traders to enter the market because they can get in a trap by buying at a high price. After all, we do not know if the price will increase or decrease. The best thing that we can do is just watching the price and wait for a while and make another strategy for tomorrow.

Hmm apparently you aren't very familiar with Bitcoin and its trending. Since when Bitcoin followed something logic? I agree bad news might affect it temporarily but all times it breaks an ATH, there isn't a single sign predicting it to happens! There is a history class that you missed mate ;)

Ok, so what? This is the 10th time in the last few weeks it has done so, still a really tight range of trading for me between support at 30k and resistance at 40k. We're eating up the second half of 2021 quite fast already so time is running out to get 100k BTC before end of the year but people who're in the industry are still strong with belief so let's see.

actually bitcoin always touch that price even before when it was down around 32k and it's been how many attempts but unfortunately it didn't last on that value and always fell back to the current support.. I don't know on this moment if it can surpass or just another false break out? Because in my view i see no reason thar it will increase more again as it more on fluctuations nowadays and there's no specific information or news that telling or some reason that can influence bitcoin to make improvement.

There will be a meeting of the mind of the biggest influencer in the industry Musk and Dorsey, Bitcoin is having a hard time climbing to $35k this meeting could be the one that we are all waiting for the price to pump, there is a lot of good news, unfortunately, not the news that can lift up the market, we need better news to topple all these FUDS.

It has already been the tenth time this past few months? That's pretty sad but good at the same time because it means that the prices aren't volatile at this point and the prices are stable. I don't think that we are running out of time for 100k this year, there's still six months left for it to happen, hell even just a month is enough time to go to that point, remember when it reach 20k during December in just a month?

Bitcoin price breaks that level time to time but we don't see it going forward for a long time. Recently, I've seen Bitcoin price climbing to $35.9k but haven't managed to go over $36k. It still looks like it won't change. If people start buying really much again, Bitcoin price can break the resistance levels easier.

it doesn't seem that easy. yesterday the bitcoin price went up drastically and reached the price of $64k and after that the bitcoin price fell drastically. Of course, investors will not rush to buy back because bitcoin is still experiencing a bear market.

Nothing.


Same here, I'm still thinking that we might see another big rally that will push the price after this boring and sideways pattern that we have been seeing for the last 3 months if I'm not mistaken. Investors are just waiting, and if there will be another FOMO, we might see a repeat of the super fast rally last year before the end of the year.

That is because the market is still ranging and finding it way up and down looking for a spot to break both resistance and support. Bitcoin price hitting $33k often times last week was to test the strength of it. I think same kind of ranging will continue till the end of this year until a major news breaks in.

You should not wait for a year to get over this situation, the market started rising rapidly all of a sudden and now the market is consolidating as you cannot expect the market to rally all the time and that is what we are witnessing and we will see the market moving in a certain direction for a while and then we can expect the momentum to catch up by the end of this year.

Two days past and we are in the same position, the market right now is $33,944 and the price broke $33500 two days back and it is still struggling to gain momentum, there is nothing wrong with the concept because i am also not expecting the market to rally all of a sudden, but we had a huge rally for months and everyone was happy without any complaints other than the random FUD, have patience and the market will move up.

So? it is not as if that was a heavy contested level or anything like that, obviously I like for the price to go up in value but right now the price is moving between the 30k and the 40k levels so any movement that is within those boundaries is to be expected and it is completely normal.

When bitcoin breaks one of those levels then that is the moment to put more attention that what the price does, but otherwise this is just the new normality of bitcoin and no one should be surprised by it as it is likely we will remain at the current levels for months.

The market has hit $34k to its current price and we expect a fresh start to hit another $40k price which indicates that bitcoin will not be affected by any FUD in the future, nice to see the market price has increased a few percent today as many traders are worried about FUD from China that bans bitcoin mining.

We don't know what's next that going to move right now, let's just be calm on this state of btc. It might not perform well in the next few days, because it seems that unpredictable fluctuations has heading for a strong support to break the bears. Bullrun needs adequate momentum before we push through our asset, in order to decide and take our sustainable profit gains.

Basically, the point is that there are still many profit opportunities on fluctuating price movements, the short term is not worth it.. there is still a long term to cover it. It's like we are in a situation that can still promise a high chance of achieving good results.

What's the sense of the post? bitcoin broke that level multiple times this month and even last month and actually that is the maintaining price as the value cannot stay longer in 35-50k since last month.

Please Alert us when the bitcoin increase break at least 50k again because that is what we are waiting to decide if will invest more or sell for a while.

all we can have is expectation but reality will answer it all, 34k is far from best when bitcoin did break 40k again last moth of june.

There is pain everywhere, but you need to look for opportunities. Being bored and making the wrong decision leads to more devastated feelings. Crypto is about to start gaining momentum and BTC will take its place. However, It is always difficult to estimate the future, but here is what I think.

Yeah, the last time that I check when the price hits $34k, it quickly went down. Now it's above $34,300, we need to wait if we can go over $35k. But I wouldn't put too much confidence on it though, it might be too much to ask for the market right now as investors are in the wait and see attitude. Others say that Elon Musk vs Jack Dorsey sort of debate could bring the market positions again to be on the positive side. So let's wait and but I wouldn't be surprised if the price moves into a sideway pattern for the duration of this month.

Calming down is what we need to do now and always analyze the market if we want to trade or just hold. Bitcoin price drops again after touch $34k and now the price is back to $33k. Although it is a good time to buy more bitcoin at a price now, hopefully, people are not panic because that can impact the price to go down for more.

The drops in bitcoin price do not impact altcoin too much because some top altcoin lists still at the current price and not moving down significantly. But if bitcoin still goes down, that can impact the altcoin price to go down for more.

Not all of us all sorry:) I don't like Musk at all, don't really trust Dorsey, and if we're waiting for dudes like them to pump prices up, we have to equally be prepared for dudes like them to dump prices hard when they're done. And trust me, these guys don't care for bitcoin or the long term goals, they only want to feed their ego and get richer than they already are. They don't care about "us" in crypto:)

people who invest only because they depend on elon musk in my opinion are people who have no stand at all and depend their money on the influence of others, they tend not to think about the losses they can get when that person's influence is lost,  like elon musk who I think he has manipulated and made the crypto market as if it was in his hands, and logically we can say that all this time Elon Musk has used his influence only for his own personal and company  without caring about people who have been followers and believe  by his words. In my opinion, people who follow Elon Musk FOMO tend to be irrational in placing their funds for crypto investments without being accompanied by good analysis and planning, so when prices drop they will immediately panic.

Price below 40K is not a major milestone break. It will just consolidate at that level until big volume enter to push the price above 40k once again. Due to recent fud of China, Bitcoin needs a big good news equal or greater than that to overcome the fear index that we are experiencing right now. The market is full of uncertainty and doubt which result to indecision on trend direction.

Iam not that optimistic on its recent action unless it keeps on making higher lows, all I see presently is maintaining a support level which is not quite as bullish.   Its not keeping above various momentum measures especially and its lost a trend for now at least the most positive thing I could say is we go sideways.   It really depends how much expectation there is in the price, if people are still there expecting easy gains then we probably lose those people and decline some.

It is not sad because it just shows that bitcoin is not willing to go down. You could be a person that sees the glass half empty and then you could be saying that means it is not going up neither and you are right about that but I rather look at the part where it says glass half full and see that bitcoin is not going down neither.

So, that means we both could look at the past month and one of us could say that "it is not going up which means it will go down soon" and the other could say "it is not going down which means it could be going up anytime now" and we would be both right from our point of view. That is why it is not going up or going down neither, because people are like that, half looks at it and sees something good and the other half looks at it and sees something bad, which is why we are neither going up nor going down since people haven't decided on one of them.

If the big good news is not coming, maybe bitcoin will stay at the current price and not going higher or lower. $40k will be the first barrier that bitcoin price should break because that price is not easy to penetrate. The price now almost breaks the $33k level again and seems to go back to the $32k level. But even if the price is back to that level, the price will have another chance to increase. The market can not be predicted and it is hard to analyze where the price will go tomorrow so we can just wait and try to buy at a low price if we want.

Well, to everyone they should do as they like. I get that a lot of people made money during the TikTok challenge Doge thing last year, and also a lot of people made huge amounts from Gamestop and then Elon's tweets, good for them. But this is something different for me. To get involved like this and pretending to care. I don't care if people want to pump and dump, they all deserve what they get but then to come in the industry and pretend to care and make a change? Something completely different for me.

That's the thing, those people who you do not care about caused the crypto price to be a lot more volatile and the money to go towards wrong things. For example, if doge didn't increased but the same money went towards bitcoin we could have seen bitcoin go to 80k maybe or even 100k and then we would have all other coins to go up at the same time as well, we would still eth at 5-6k and maybe bnb at 1k, because bitcoin increased as well. That is what we should be focusing on, the fact that bitcoin is going up, all other smaller coins that are "meme coins" getting money is a pure waste because I know that it will definitely go down eventually and that is just not something I can handle or bare to see.

You do not care about it but all of that ends up hurting you as well in the long run, or at least not helping you as much as it should and that really matters.

It is obvious that the price will not go higher, we are somewhat in a bearish trend now, (admit it or not), and now in the last 24 hours, the price is below $32k. I haven't check was it the cause of the sudden downside again, perhaps there could be another bad media circulating around. So in any case, it might take some time to get out of this bearish trend. And as investors, this boring and dull trend might not suit us. But the best thing to do is to continue to accumulate during this kind of trend and take advantage of cheap bitcoin.

Price is on another correction, as OP pointed out, yes we broke $33,500 could be major milestones for others, but now the price is declining to $31k and we really don't know what's the real cause of another dump.

Others said that it has something to do wih the 41,000 BTC unlocking in the next couple of days. But I do believed otherwise. Or maybe it will have a effect but I'm not expecting a drastic or massive downfall again to $28k.

There are more trends than the two bull/bear trends in markets!
And if we were in a bear trend then price should have continued going down consistently instead of dropping once 2 months ago and then be stuck in the same price for 2 months!
This trend is called going sideways not bull nor bear, and it is more like an accumulation phase rather than anything else.

Fair enough, but I see all their wrong actions as only temporary that will actually only help Bitcoin in the long run. I take the 2017 and 2018 events as an example of this lesson. They tried to split Bitcoin in 2017, and in fact many many splits happened. But the forks died, and even those who previously asked for big blocks many of them returned to Bitcoin and admitted they were wrong. But there was proof it was wrong.

That actually made Bitcoin even stronger because outsiders saw how it survived and grew stronger and now Segwit is not contested and adopted even by every other altcoin doing PoW.

So I kinda disagree it hurts in the long run:)

Bitcoin has been forming a slight bearish trend, so it is seen that it has fallen by 2.4%, this due to the uncertainty of the market that the bulls have not yet decided to make a forceful move, the bears are taking advantage of some opportunities that are being offered. :

https://i.imgur.com/82YModd.png

Source: https://u.today/btc-xrp-yfii-doge-and-ada-price-analysis-for-july-15 (https://u.today/btc-xrp-yfii-doge-and-ada-price-analysis-for-july-15)

If the bear party happens, it can reach $ 30k, although I don't think the bulls will let themselves reach that price level, I think they will not drop the price of BTC that much.

This is a very volatile market and price can dump and pump 10%-20% in 24 hours. Haven't we experienced it?
The current condition is a condition commonly referred to as a sideway where the price is still trying to break through the resistance but repeatedly fails so that the effect is a correction until it hits the support level. $30K would still be a good support level for now, but there is still a chance that it will be broken due to sell panic.

So what's the point? I mean bitcoin is up a bit in 24 hours but it doesn't mean it will pump, it's not a significant increase so eventually, the price movement will just stick to the trend which is not bullish anymore. Bitcoin is down again, 3.36% in 24 hours and this time hit the $31k marked, and could dump below $30k, IMO that's where another panic will start.

But now, it's stuck at a level under $32k. It's really boring to follow the movements of Bitcoin price nowadays. Because there is nothing really exciting happening recently. We've been just watching it strolling around $33k mostly.

And it seems to me as if you are right about your observations of the market, right now going sideways seems like the best option that we can hope for and even that is not a sure thing right now as the price is getting closer to the 30k support.

We will have to keep a very close eye to that level because if it is broken and panic takes over the market once again then we could see another heavy correction during this month, and while that can be great for those that like to buy the dip for the rest that were expecting a recovery after the dramatic drop in price that we saw this could be enough to make them get out of this market for good.

Btc now stock on 31k$ and I think it will never fall down below 30k$ and it will rise again back to 60k$ I still have faith that the bitcoin will reach up to 100k$ and I never expect that it will fall down under 30k$. If bitcoin fall down below to 30k$ maybe we will not reach 100k$ this year. The market is always changing so we can always expect some good or bad news and it will always reflect on the price and all we need to do is to hold.

It was able to sustain from that level for several weeks but seeing it bale to rise back for $60k, that seems impossible. Looking at the current market behavior, I can say that we are closely moving back to the bear season. We can't just feel it's a straight dump but if we try to evaluate the behavior of altcoins, they are declining badly.

We are hoping that Bitcoin will rally back and uplift the current situation but we have also to prepared for the worse and that once it drop below $30k, I'm afraid it was the start of the bear.

How I wish this would continue to pump in upcoming weeks until such time we will experience faster climb. What I observed right now is the stability of btc price l, in fact it goes down below that price down to $31k, and I was anxiously seeing a possible crash towards $20k but the resistance was stronger than before.

Its more then a little bearish in outlook as we're at the tail of a long line of sells, alongside news like this quoted its fair to say some market participants are heavily apprehensive but this is also a point to call out very apparent negativity.   When market is one sided like too many people on one side of the boat, expect an upset.   An upset to an obvious bearish outlook is a possible rise.    I'am referring more to a trading type movement but I think its a fair possibility.  

Yes, and we have been seeing a lot of sell offs already even before the unlocking. And it seems that it is over, price goes on $31k, still far cry from the last all time high, but at least this market didn't go to $20,000 or something because of the GBTC unlocking.

But the outlook still remains bearish though and we might see this in the next couple of months still. I know this is not what we all wanted to see but we have to face it. Negativity is one part of the equation, depends on how we are going to look at it as a investors or traders.

We are already in third quarter and no major changes at all. The price is currently at $31k and having a hard time to recover consistently. So yes it seems impossible to reach the last ath due to lack of good news that can affect btc or the market as a whole. Anyway holding is still the best decision at the moment since this kind of situation is just temporary though there's no timeframe until when.

in the next week bitcoin there will be an increase of 10% based on my predictions and that's for sure. bitcoin seems to be starting right now and you have to believe it.
the third quarter starts in 2021, the price correction has started to improve and maybe at the end of this year bitcoin will grow 50% from the previous price.

And stays at 31k again now for 5 days now

https://coinmarketcap.com/currencies/bitcoin/

maybe this is what we need to face this whole 3rd quarter because we will be seeing some good action from the start of 4th quarter and until year end.

The market is idle for the past few days and even i do expect that this will be the trend going forward till the end of this quarter and we might see another big rally by the fourth quarter and end the year at an all time high or new to the all time high valuation and then we might see a correction. We can only speculate but that is what i think that is going to happen unless there is huge investment coming in or any hype in the coming months.

That's what I expect also in 4th quarter of this year but for this quarter I didn't expect any huge movements since ghost month is coming and many expect that market is dumping at that time, I don't know what's the reason behind it but seems many traders from the past are believing on this superstitious beliefs when August comes. Also yeah I agree we can really speculate since we don't know accurately on what will happen the only one we are waiting for now is to wait if there's big cash flow going to market or there are people starting to panic and see if the market is crashing.

Bitcoin at the moment has been in some uncertainty, as it has normally been falling to the levels of $ 31k, this time the bears have had some success but it is a matter of waiting to see how it continues to develop, it may be that the bulls are about to fight back:

https://i.imgur.com/kkKbwbi.png
Source: https://cointelegraph.com/news/price-analysis-7-19-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc (https://cointelegraph.com/news/price-analysis-7-19-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc)

Everything is a matter of waiting, some think that it will reach $ 30k, if everything goes well it is likely that it will recover at least to $35k.

well, currently the price of bitcoin is under $30k. I was quite surprised to see it. but because the crypto world is like this, it seems that those who hold bitcoins need to be patient. In addition, this decline caused almost all altcoins to go down. well, I'm still expecting the price to rise again and be above the $40k price again.

The price is back to $30k and it seems to want to break $31k because the price now is at $30,900 level price.
If this situation can be like this, maybe this day, we will see bitcoin will be back to $31k and people can sell their bitcoin and take profit.
But it needs more observation and analysis to know if bitcoin will still go up to the higher price because no sign shows that.
We are only speculating about what will happen to bitcoin but the truth is we do not know for sure.
The altcoin just follows behind bitcoin and some altcoin already increases, but it still needs more time for the altcoin to jump to the high price.

Yeah, surprise, surprise, after a scary $29k meltdown in the last 24 hours, the price suddenly has some life again and climbing back to $32k. Hopefully it can go back again so that the support on $30k could be established again.

We really don't know what's the cause of the price going down though, maybe the bots again being triggered or manipulators wanted to bring the price so that they can buy cheap again and then short.

That is a little surprising because I do not expect to see the price can back to $31k but it did happen.
Hopefully, the support increase to $30k and not going down again because that can make people panic.
I think the price wants to give us the profit after getting down in the last week to make a profit although not much, but that still profit to us.
If the price is down again, we can buy back at a low price and if that continues like that, we can expect to make more profit from bitcoin.

everyone expects bitcoin in this week to break through $ 40,000 and the reality is now still between $ 30,000 - $ 34,000. the rate of decline is not too painful for investors, everyone's expectations seem to be fulfilled and hopeful.
will this hope last? Or is bitcoin even more painful for investors in the future?

Bitcoin price will break this level for sure, it is a matter of time. Look to the positive aspect, the price increased by $5k in few days and kept quite stable. Huge fluctuations aren't good but a healthy and stable recover is always welcome.

As the latest update I got for now, we"re currently at $34k and above. Recently I've been having close monitoring at binance trading site, because I also had some small tokens stored on them. It's been unexpected that price will suddenly spoke on that level, lastly we just see it going down until $29k and now we're experiencing how amazing it was coping up with bear market.

Recovery into the range then with strength through the 50 day is impressive and thats the exciting bit.   Now it has to consolidate and form a confirmation of this action on daily and weekly bars, obviously takes time to do so.   We retract and move more boring again for now but well played to those that saw some build into this movement.   Even if we did reverse from here, nice trade anyway.

https://talkimg.com/images/2023/06/12/AyhKq.png

Trying to learn and go on what I've found most reliable in the past, the bottom prices do show strength whatever happens with these highs.  Price held itself above the 50 week average, good general appreciation I think has to be acknowledged as longer term positive direction.    The rumour on Amazon might falter a little, I dont know I dont care about words and news really but in the chart its not yet free of restraint.

I'm not sure what to think at all. Part of me thinks ok, so 30k support was broken many times since June, but each time i bounced back and showed that the dips were really dips.

But part of me also thinks 40k being a resistance is not a good thing. Every time we try to test it and it fails, it means more weakness, which is just what happened (but of course already 11% ++ gains is not to be blamed for weakness).

Influenced from the news around brings investors inside, those institutional investors who are also interested with this business might start bringing their money around.

Not good with reading charts but most of the time from my personal observation, investors are trying to ride with the hot trends and it really affecting what the market is moving, with high hope that the entry will bring them decent profits.

Just waiting for more confirmation and allowing the cycle to bounce up and down before making some move between holding and selling out.

 I believe we jumped up $2000 in value in the space of 2 minutes thats impressive!

https://lh3.googleusercontent.com/-mezxGOyyd8Y/YP5YdU2mhhI/AAAAAAAAAuc/ZnLSiPAW7uIX2QIFzFdmdJBoikomf-5sACNcBGAsYHQ/s1600/1627281524061298-0.png

According to YahooFinance "Bitcoin Breaks Back Above $39K in Largest Single Daily Gain in 6 Weeks"

https://finance.yahoo.com/news/bitcoin-breaks-back-above-39k-013459140.html

We are looking at $40k resistance now which is normal.

^^ We have been trying to break $40k for at least 3x already and so far we have failed.

But I do hope that with the recent uptick on the price, this could be it. $38k has been broken, the pre-cursor of $40k. If we can broke it right now and then sustained a run, then definitely, $40k could be broken now. Crossing my fingers, this is a good start of the week and by the week end, hopefully that barrier is broken so that we can say that at least bull run has re-started again.

Bitcoin price on Preev right now is $40120 ;)
Now that's what I am talking about! The main thing to watch right now is to see more uprising and some stabilisation around $45k hopefully before passing to the next level.

Bitcoin price $40,274.25 CMC

This possibility will soon reach a level to continue to break the barrier, I think this is done in a short time with stability between $45k likely to be crossed and it could be in the middle of $50k I hope this also makes up for it.

There's been a lot of good news today because bitcoin has emerged again, well hopefully this is an early sign that we expect to be a bullrun again like before.

last night bitcoin had dropped again to $35,000 and now it's back at $37,129 (market binance) it doesn't mean bitcoin will happen bitcoin will burrish again. it's just a warm-up or a signal that it will pump again in the near future.
in the past week many investors got big profits and after that they started being greedy again to invest again in large quantities.

Well it does seem like we did it but then it immediately caused a pullback and it's quite painful to see the charts.

But it's not unlike what I was thinking might happen yesterday before we hit 40k. Markets will test it several times before finally breaking through but each failure will also be an opportunity for bears to retake their attacks on 30k support. Going to be nervy:)

2 weeks after ?here is the Price

https://coinmarketcap.com/currencies/bitcoin/

though Last night this runs to more than40,000 almost breaking the 41k .

though I'm afraid that this is the last Pump and we are aiming to the Bear market in which 25,000 below .

That's part of the market specially when Manipulators are prospecting another bagging, but maybe this is from the News that Amazon might accept bitcoin as payment?

Do not be so sure about the price, we could see the price going up to 40k+ once again very soon, nobody can guarantee a drop just yet. I understand that we do not have to keep going up, I understand that there is a chance we could drop, and all of that makes sense and the charts show that going down is a big possibility right now.

However reality is that we could also see it going up as well, it is obvious that bitcoin is literally 50-50% thing where it either goes up or down as we all know and it always have 50-50% chance of doing each, it is never "there is a 80% chance it will go down" because it is never so guaranteed that it will do that. Which is why I am expecting a little retract which we already did but could be a bit more, like to 36k or so, and then I am expecting it to go to a level where it is breaking 40k but could fail to do so of course.

Nah, no way. I said yesterday even if it's true, this kind of news shouldn't affect the market because it actually does nothing for Bitcoin adoption. Doesn't create more users, just maybe makes a few more transactions possible from Bitcoin users that already exist.

Plus now Amazon itself has denied the story is true, so it's definitely not that.

Amazon already denied it so there is no point on thinking it was because of that, and the price dropped after amazon denied it as well, but the price still went up after that. However I have to say that if amazon actually accepted it, they would create a bit more interest towards crypto, why? Because you can buy many things from amazon that could be good for your daily life as well, not just some ebay type of place.

Of course it depends on which nation you are from but you can get even food from them in some nations, and you can get regular needs, baby wipes, diapers and so forth for anyone who has a kid (best prices I have seen anywhere), certain daily needs like food and clothes for adults, and even stuff for business as well.

This means that instead of selling your crypto and buying them with fiat, you will be able to spend your crypto instead, and if amazon doesn't sell it quickly, then we are talking about less sales and higher price.

The balance for BTC has been very exciting, it has reached $ 40k, but it has dropped a bit, it is at the $ 39k- $ 40k levels, for now I think that the bulls are waiting for another good moment to continue pushing the price, the This time bears are falling behind, they are losing their strength:

https://i.imgur.com/bkSUHeD.png
Source: https://u.today/btc-eth-and-ada-price-analysis-for-july-28 (https://u.today/btc-eth-and-ada-price-analysis-for-july-28)

You see a very good outlook, apparently the bulls are having control for now, investors are putting in more money because the volume that BTC has is showing somewhat considerable.

Maybe, maybe not. But you know, Microsoft once opened up Bitcoin (years ago). They didn't get any sales. And in many countries now you have food deliveries that can be paid in Bitcoin (I believe the JustEat gang in Europe has this), but ask all these defi users and altcoin holders and Bitcoin speculators if they ever actually paid for anything in BTC? No they just "HODL the stacks".

But okay, I agree. If it had been true, it would be bigger. Which is why I said if it were real BTC usage, plus censorship removal, then it'd be big.

Nice view in the side of investors and those traders who choose long,
the barrier is getting stronger and seems that more investors are throwing their money to back up this upward movement.

Showing that there are more interest to take part and ride with this moving bull,
hopefully it will regained strength and start to charge up and bring  everything up again.

Still speculation but the potential is good especially for those who are new or just coming back to this market.

^^ Yeah, but it's going to be a slow grind after breaking $40k. Breaching it and sustaining this price level is two different things. So we need to see how long can we sustain it without going back and retesting $38k-$39k.

So far the price seems to hold and the bulls are not going to give back the control of the market to the bears. But as I have said, the growth might slow down a bit and only if we have enough momentum to push it above $40k to $43k remains to be seen.

Looks like we had another pullback right now. Not so bad actually, not sure what's going on, probably just a lot of people deciding they want to take profit at 40k instead of waiting for the weekend.

Would have been really cool to stay above for many days but now we've to see if we're going back to support again.

although the increase that occurred was quite small compared to the previous increase in bitcoin, we should be grateful for this because at least the market is starting to show improvement now, even though the negative market sentiment is still happening but we hope that the recent increase can bring us closer to the arrival of new bullrun, and I see at least the last few days some altcoins have started to improve and are back in the green in the market,, hopefully this positive trend will continue so that then we can see bitcoin prices go high again.

The level of $40k more can be broken but this did not last long and returned to being a correction again I think it will definitely start the previous thing by redeeming the limit that has been passed then in the future the movement of bitcoin seems to be much healthier and for me the basic level of correction currently $35k later what happens I want to know his reaction.

I don't think the bullrun is the right time, it's only partly a sweetener from a few investors but a lot of speculation that comes at the end of the year I will see the real thing.
Will know how much dip by then.