Bitcoin Forum

It got to $64800 and started falling again. But this is 15 minutes sticks which does not yet represent a strong sell

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It seems you are really active in the market, you don't need to watch the market every day not unless you trade and share here, people saw the market as always, there's always a correction and if the traders declined the 65k possible there's another re-test so analyze the next move of the market and grab the opportunity to trade.

From the price you mentioned to the other price it is very close, so what is your conclusion whether bitcoin will go down? This in the 15-minute chart is too close right?

Maybe it could be that you are an active trader so that every movement is always noticed, it doesn't matter that ordinary traders are more focused on analysis, because so far the market is fine so there is no need to pay attention every day this is for me maybe different for you.

We need bitcoin to get go above $68500 so that we can expect $70000 and higher price. The resistance is around the price.

And we need to see $70800 for us to see Bitcoin to $71000-$72000.  :)

Maybe he's an active and day trader and needs to watch the market closely with those timeframes. While the holders are chill, we know when to sell and we've got enough already. This time, it's not all about how quick the market reacts because we have a sell limit and we have set a price when we're going to activate all of those selling orders. And while waiting for that patiently, we know that we'll be at those prices once again but it's only a matter of time tell. Patience is what we must have but for day traders, they have to look at every angle of the charts that they're reading and the timeframes that they're comfortable watching at closely.

In my opinion, as long as the price does not break $74,000, it will be stuck between $49,000 and $73,000. That is why the current price is not encouraging, something that we can consider as the beginning of an upward trend. Currently the price is stagnant and since it is not falling much, then it is a sign that people are very optimistic and refuse to sell at prices below $49,000. I am taking advantage of buying whenever the price drops to $52,000, and then I am HODLing to see if I can sell it on the day I can make a profit of 3x. I still believe that one day the price of Bitcoin will pass $150,000. Day trading in the cryptocurrency market is the same as asking to lose money. This is a market that only profits from those who HODL for many years.

For example, on the binance exchange, you can choose the time and how the graph is going, including trading data info. Flow analysis that can be seen which part is larger according to the order. What percentage of the buy and sell figures.
The ease of monitoring market price movements is not difficult. Everything can be anything in a certain amount of time because Bitcoin is different from its members

Bitcoin is going to attain that price inventually but when that will happen is what we can not predict accurately, although we have to remain positive of the market possibility to reach that 68k to 70k since we have attain that price before, what I also expect is that, bitcoin will and may likely make another all time high price before the end of this year if all this be equal and the current market forces continue to propell the market in this manner.

The present decline is the price of bitcoin is just a short term market reaction which will fade out in no time, and if the positive push continue we are going to see less of such correction in the price of bitcoin.

It just shows that $65,000 is a big psychological barrier for now, which means we will have to attempt and try to break it 2-3x times before we can finally go over that price. So this could be our first attempt and so obviously we are not that successful.

And if that happens, then we will see a minor set back, as it will retrace to $63,000 and that's where we at right now. And it might take another time to try to break it again. Although we need another positive news that will push the investor again to put their money in the market to at make a decent attempt. So far we have not any good news so all we can do for now is wait.

Holding or trading in Bitcoin requires an ability to accept risk, as times may change and the Bitcoin market is volatile. You will notice that currently last week Bitcoin was around $60k, and from there the Bitcoin market has turned upside down and it has touched $64,3k. So if you can start trading from here, you can still profit from here, and even if you start holding, it is possible to make profit. So just have the ability to accept risk and be patient from here on out yet profitable as the Bitcoin bull run of 2025 is waiting to begin.

And if you prefer to hold then of course you can do holding using DCA method strategy. And with this DCA holding strategy is able to hold Bitcoin for a long time. Because if you invest little by little repeatedly you can keep your investment for a long time and you can accumulate your money through Bitcoin.

You know from the chart you represented that the resistance is strong at $64800, bitcoin has always been doing sideway around this price range and the breakthrough is nowhere to be seen.
what BTC has been doing lately is just touching supply zone and demand zone over and over again, kinda boring market but good for trading around the swing.

so unless there's actually something big or large open interest in the market is happening, I don't expect the price to breakthrough $65k-$66k.

moreover it seems like BTC is dumping whilte still retaining good market price, feels like altcoin time for rally here.

Wait for October, bitcoin will definitely go there and break its resistance.

Ah actually I don't care about the price of $70K or so as long as it is still below $100K will remain in HODL so will not pay much attention to the price in the short term... our target is still far away and I think it will happen next year to see bitcoin rally again.

Right, it's just the resistance for now and not the support. But later on, if we get over that price it will be the support line already. But the thing is that we don't know when the price will go over that resistance level.

Good thing is that October remains to be very positive still, even if we are not yet on that month, many investors think that the bull run might start on next month and so with that we could be hitting $73k in the middle of October. Remember that there is a incoming election in November, for me this could still be another factor that the last month of the year will be very bullish for us.

A few hundred dollars difference on a 15-minute chart isn't a huge swing. It's worth zooming out to see the bigger picture. Look at a higher timeframe chart like daily or weekly to see the overall trend. This will give you a better idea of where Bitcoin might be headed in the long run. Consider technical indicators alongside price action that can help identify potential support and resistance levels, as well as buying and selling signals but remember, these aren't guarantees.

I feel like we are going to see the price reaching higher again, it is trying and the market is ready to get even higher, I understand that it is not there yet, but it is getting ready and attempt to go there and it will be doing so much better if we just give it some time. I know that it is going to get to a point where it is going to be a much harder situation in the end and I know that we are going to see this growing to be something that is taking a bit of time, but as long as we have what it takes, it shouldn't really be a big deal at all.

I understand that we are going to see this growing to be something that is taking a while, and I know that it is going to be much better situation without a doubt as well. Just make it make sense and keep it going and hold it. It will eventually go up.

This is just too close to archive which can happen any time, one or two candles from where we are we shall see price cross over the price of 65,800 and I think it will take the USA presidential influence to make it happen as it's currently the hot topic influencing the crypto markets. But at the moment price seems to be ranging around 63,000 - 64500, if we can break the 64.500 psychological barrier then we shall get back to being bullish.

If you are investing into Bitcoin for a long term, then you should not worry so much about the price, all you need do is to set a target price which you would sell. You can just be watching the market but always know that your desired price will be reached.

Well the OP is probably a trader, that is why he might be putting his eyes on the market so that he could know when to buy and when to sell.

However, if it has to do with investment, the OP don't need to monitor the market. And if he's planning to invest on Bitcoin, DCA method is the best method for him/her to use because DCA method helps an investor to buy even when BTC is depreciating, and he don't need to buy a whole Bitcoin because with DCA method someone can continue to buy gradually until he acquire a lot of BTC. Lastly, for someone to get a good profits from Bitcoin investment, the person need to invest for long term.

October will be great, there will be huge price movement in october even more than in this current month, so many things may influence BTC price and as a trader myself I can't wait to see how the market will move in that month.
speaking of past occurence, October has always been a good month for bitcoin, the current month of september where people are negative about turns out to be a good month where it gets bitcoin to recover at the $60k level even right now current price of $65k is quite strong.

if this continue we can easily see $70k level again :)