Bitcoin Forum

Last week BTC weekly candle closed by 18627$. But as we can see this week BTC is showing a bullish pattern. But still, this week does not end, So what are you guys thinking about this week's BTC moving? Will it break up or down last week candle?

https://i.imgur.com/xZwvZK5.png

Also, maybe read around first? We already have a crap ton of bitcoin price-related topics.

Yes this is really a huge dump and i think no one know whats happen with BTC and when it is recover its a huge dump

It went as high as $20,300 if I'm not mistaken, unfortunately, it was not sustainable, as the price goes to $19,750. So this could be the pattern for some time, it will just tank and trade sideways.

Why not look at it for at least this month and see how it goes? But for me, I'm not seeing any major movement. So maybe it can go to $18,600, maybe not.

The movement of bitcoin this week after the gains has decreased slightly, but the green candle is still visible in the market after getting the red candle. It's still hard to predict where bitcoin will go, but if bitcoin holds up, there's a good chance the price will return to the $20k level. In addition, there is still a possibility that the price will drop back to a lower level, so before that happens, you better prepare yourself. Hopefully, this July will bring some change for bitcoin, and it doesn't fall to a lower price than now.

I can see that comparing the previous week, this week Bitcoins are moving up very slowly.
So yea not expecting any miracle from Bitcoins at least when this week ends.
BTC will probably struggle in the 20,000 margin only.
Don’t know if BTC will fall below 18k usd or not, but yes it won’t move up also.
This time this bear market has really hit hard to all the investors. But still let’s expect positive results soon.

What happen with BTC = many newbies and weak hands holder who only believe what those self proclaimed expert speculation.
When Bitcoin will recover = we don't know, but at least since we're believing Bitcoin will recover from the current dump, we shouldn't worried with Bitcoin if the price continue to drop as we're know it will recover in the future.

Bitcoin can move in a 5% price up or down, so going back to that level will not spread FUD and fear in the markets, and it is not a strong resistance barrier to be afraid of being broken.
Can we get 18600$ during this week/month? Yes, we can touch that price, but we need something bad to break it.

I do not think it matters that much, even if this is some key level which could indicate a further drop in the price, something which I doubt, this is not really the moment to think about such things right now.

What matters is that the price is cheap enough already so we can justify buying bitcoin right now, maybe you do not want to buy it all at once in the case the price goes lower, but that is why strategies like DCA exist, so you can employ it and get even cheaper bitcoin in the case the price keeps dropping.

Though it's unpredictable and we know it, but I'm still hoping that bull run will come this month.
There's a few good news that I've heard around the community and I think that will be triggered the Bitcoin price increase.

Technical analysis sometimes will lead you to nothing if you will not also look at the fundamental analysis, they should always be there when you predict the market.  But I don't want to scratch my head thinking about it so much, I prefer to wait until the bull trend will come.

In a bear market, it doesn't matter if we are going to closed the weekly with positive or negative. We even have like 8-9 weeks with red candle but still we are standing close to $20k.

It's better to look at the long term perspective though. Unfortunately, analysis still show a long hard grind that maybe this will be the price that we are going to see this December. And we don't know what we need to break it, I guess there's nothing we can do but to let the market goes into its course.

It's really funny to speculate about 18600 now, because that price is in the current fluctuation range. It may or may not happen in a few hours. No one will give an answer to this question, especially not in such a short period of time. Right now many are talking about a new bottom around 10-13k, and 18600 is of no interest to anyone.

What is your reason for this to happen? what is your position if this happens? are you planning to buy chunks of Bitcoin ? or you are just spreading FUD  now?

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

look at the price now ? still keeping its head up so how come that you expect this week will dump that bad?

Lol let them seek for 10-13k and this is what you will get if the price starts to increase now?

let us use the situation to take the advantage and not to stay in that level of expectation .

I think it is due to a combination of Doritos overdose and boredom, rather than the result of conscientious study, as I have commented in another similar thread. (https://bitcointalk.org/index.php?topic=5405182.msg60519319#msg60519319)

I don't see the strong bullish pattern anywhere, and I'd like to see it, but I can't. Although prices are practically impossible to predict, I believe that in the current context of reduced liquidity it will be difficult for prices to pull up strongly, at least in the short and medium term.

With the very clear decrease in liquidity in the market, I see that it is difficult to find a real rise for Bitcoin, it is sure that it will return to the downside again, this swing is the dominant feature on the market at the moment and I think it will continue for a period of time until we witness the stability of the markets, perhaps this will continue for the most part Until the end of the year and then we can see what can happen, until then in my opinion the best thing is to wait and buy more bitcoin in this bear market for people who have dollar capital in their wallet.

Just continue using your Magic ball , it may lead you to more losing predictions  ;D

Like the first post from yours, none of us knows and no one will ever knew so lets accept that it is all speculative and only relies to what will happen soon.

Quite obviously they will buy at $25K if price hold the 200 WMA a confirm a local botom. But these buyers are waiting for confirmation of a bottom aren't concerned by this either. They're prefer to buy at $25K rather than $15K, because they want to buy opportunity not price. In the same way they'd prefer to buy $15K if price dropped to $10K. $5K if price dropped to $1K, etc.

In summary, they aren't concerned about buy 20-30% from the bottom, as arguably it's better than buying the lows before price drops in half again...

As long as there are Bitcoin, similar topics will always be created. At the slightest price change, regardless of whether the bullish or bearish trend prevails. It's probably better if you just ignore them.

"Will Bitcoin reach 18600$ level in this week ends?" - if my "expert" opinion is important, then I have absolutely no idea whether this value will be reached by the end of the week.
 
I will ask a counter question: what will change for I_Am_Chamara if bitcoin reaches 18600$ or doesn't reach it? It seems to me that on a "global scale", in both cases, nothing will change.

Only one sure thing we'll have, we'll get unknown answer for this week. Just to sum it up, have yourself be positioned in what you're thinking. If the weekend will have it favored to btc then what you're gonna do rightaway? Are you gonna sell or not?
IMO, it won't matter what we'll have in the weekend because it won't change a thing for bitcoin as a volatile asset.

Technical or fundamental both are still the same, there are still no guarantees. The only good thing about technical is that you have the charts in which you can see the flow of the prices and by there you can guess intellectually.

You mean there will be no positive news that will come nowadays? Or you mean to say that a news is only just a news but they don't have an impact on the price? No, this can't be because I see that you are hoping for a good news from the global economy. If you believe that a positive news can do wonders and it can help up lift the price then you should also be positive and don't say that there might be no more positive news that will come because it can come true and you will regret it.

With the recent pumps of the market, I am not expecting we will fall below $19,000 this week. If you take a look, we are fighting the $21,000 level.
If ever we will not fall below $20,000 this week, I am expecting Bitcoin is creating a support level of $20,000 and it is good thing so that it will help not to reach the $18,6000 anymore.

everyone should start somewhere I guess  :)

Bitcoin prediction I'm really fade up with some analysis of cryptocurrency because of the price everybody is concentrating to say things that is not real and things that is not happening as real, let us just forget about bitcoin price for now and concentrates for investing more of crypto and have the believe that it will rise and whenever it rises people who saved or hold for long time and especially who bought when the price is low will be beneficial for it.

Yes, bitcoin is still struggling to rise and break through $21k but the thing is, it's still a question mark whether bitcoin can really break the $21k mark this month or will it still hold its current price.
Many of us don't want bitcoin to fall below $20k again but if that's the case, then we can't do anything but just follow suit.
But I think the small investors have started to accumulate the amount of bitcoin by buying bitcoin in small fractions because they know the potential of bitcoin in the future.
And it seems small investors are not affected by the news about bitcoin because they just want to collect more bitcoins while the price is still at its current level.

Well, let's hope for the best this week and it won't be falling anymore under $19k or $20k. That would be a good time to think about if an upcoming pump will come, many are unprepared. Staying at $20k for many weeks/days seems decent and looking good.
Just a few more days away until this week ends and then we'll see how it shall end but still, as I've said, it won't really matter for the long term.

The meme is awesome, it is such a truth that nobody knows whats going to happen and that is something people forget. We are talking about "knowing", of course you can guess, predict, make up some numbers and do whatever you want, but nobody really "knows" what's going to happen.

Simply due to that, I believe that we shouldn't really consider anything out of ordinary that we can guess, if something crazy happens then we are not going to know about it. This isn't about this week though, yes we are going to know about this weeks results when the weekends, but this is about all weeks, you will never know what the Sunday price will be, when we are in Monday, this is true for all weeks.

Bitcoin has just done a pretty nice movement trying to break the 22,000$ resistance level today. If bitcoin is able to keep this trend we are going to see its best performance in one month time period. Bitcoin needs to keep stable for now in 21,000$ price range, until it can push ahead stronger, breaking the 22,000$ line with success towards 23,000$-24,000$. Once this happens, it's going to be a very motivational reaction in price for investors.

Although bitcoin hiting 18,600$ has its advantages, I don't think it's going to happen... Support is strong at 20,000$. That is just my guess, though. The market is unpredictable and can surprise us at anytime.

Closing this week above $20,000 is a good thing for me right now. Look how the $20,000 level is really important these days, when Bitcoin back to $20,000 it was immediately pushed above $21,000.
I'm very bullish for short term right now until the end of this month. I am still not convinced about the mid-long term market structure.

Up is what happened and we could see that now.
The new question, will it stay at this value? Yes. In my opinion. We had our worries and it reflected with the market price but there's something going on that is invisible to our eyes.
A trend of what I think is cheap for them so they buy. Is it wrong? No? I have the same thought. It's maybe the cheapest price we could get and it's being given at our face.
Buy or regret? That's the trend and as soon as it shoot up at the upcoming days the same reaction will happen.

Some people tend to forget the importance of having a decline/correction in the market which is a big help for those who are shorting or for those who wants to buyback after making profit from the bull run. Since we're in a bear market already it's understandable that the price would drop to any unexpected price we could think since no one could actually tell us what's the precise price would it hit. But expecting something might come unexpectedly so it's better to stop thinking too much whether it will drop or rise since no one knows.

Looks like we're going to just about fall short of a Sunday stand, some selling pressure just as N America stirred, and we're only hours away from Asian markets opening, though I suppose the good news is that 20k does seem like serious support. Some FUD from Mt Gox as usual, and then we should hear more about some US and Asian macros next week. See you all next Sunday, I guess.

We will have to wait and see, we need to understand that even if things could play out like that I think there are many market forces that like the price of bitcoin to be this low, and as such they would like to see it at the current levels for a long time.

And I do not blame them, the price of bitcoin is very attractive and it should be bought by anyone thinking about holding their coins for the long term, so I think whales will use their power over the markets to try to stop any attempt for bitcoin to recover that quickly so they can obtain the biggest benefits out of this bear market.

We still have to be careful even if Bitcoin shows an increase, because there is still a possibility that the Bitcoin price will drop below the $20k price.
As you said, the whales will not allow the Bitcoin price to recover quickly, because after all whales do get benefits during a bear market. Whales have
a very large capital, so they will still want to buy Bitcoin at a very low price, so the whales will try to get Bitcoin back down to below $20k.
Therefore Bitcoin is not necessarily in the near future able to rise above the price of $ 22k. We still have to monitor the Bitcoin price for at least
the next few days, I still hope the Bitcoin support price is able to keep Bitcoin from falling back below the $20k price. There's not much we can do
in a situation like this other than be patient holding the Bitcoins we have.

+1

Wait and see , it's not even a fall ... nearly touching over 22k and now dropped to below 21k , we can recover it really fast to break the resistance within a couple hours from now.
We are heading back to bullish , not formed yet but pretty soon and yeah let's seen on the next week market move then we might talk again!

stop your dreaming and nightmare because Bitcoin did not even drop below 20k this weekends and maybe not even in the next weekends, so we will be keeping this position at least this whole month now.
I hate seeing the price pump and dump but we cannot do anything but to keep our funds hold and at least for another month this 3rd quarter.

Well, the whole point is that it's just as easily able to fall through support as it is to break resistance -- in normal market conditions. But we're not really in any regular conditions, sentiment is so fragile that any development from macro trends seems to send either jitters throughout or boost confidence -- and that only for a moment.

I'd love to say we're headed back to bullish but there simply isn't enough signs of that, while there's plenty of bad news pain left around the corner.

No one knows whether bitcoin will stay at its current price or continue to climb higher or on the contrary, will fall again. But we can't do anything if the price goes down again and can only accept it while trying to buy back. Hopefully, the price will not go down again and only continue to increase to a higher price so that our profits can be bigger. If you don't sell your asset at a lower price, you have the potential to sell it at a higher price. And don't forget, if the price drops below, you can buy it again while trying to collect more amounts.

The price that was above $22k have fallen down to $20k. This means the bear movement have gotten strong. Possibly this can lead to a drop further as we've got five more days to end the week. The market seems to bounce and experience a pullback. This is how it is moving since it's drop reaching close to $17k. Once again around the $19k to $20k there'll be more fear. This could tend to increased selling.

Isn't that the story of bitcoin? We do not know if it will go down, or if it will go up. I mean by the looks of it, we have been between 18k to 21k or so range for a long time, when it is stuck there is usually a big movement coming up for sure, it doesn't stay between two prices forever. We have no idea if it will go down big time, or if it will go up big time, but we know that it has been here for a while.

I think it hasn't been enough time to start breakout and go up, but it could possibly happen. One thing I am certain about is that it won't be something small, if it goes down then I expect at least 15k, and if it goes up then close to 30k. That is how the big moves happen.