Bitcoin Forum

What is your take on BTC atm from a technical perspective? The current bottom was at 5.9k and around 5 days ago an upper resistance level of 11.7 made the price pull a little back again. Are we just playing a bit around testing resistance levels, and suddenly we blow all the upper levels and see prices skyrocket again?
Or is this a part of a longer correction where we are to see the price move sideways or in a downtrend for a couple of months while people get their optimism back again.

I know there is not one right answer to this and everything can happen.. But what is your take on the BTC market atm from a graph-perspective (fundamental is welcome as well!)?

Personally, I am very much in doubt. I do not like the current volume levels, on the other side I do not think the upper resistance levels will hold for very long, and when we are on the right side of 11.7 for good, I believe in blue skies - until next correction ;-) 

My opinion is in line with your first suggestion. I think we are discovering new support levels and we seem to have found one around 9k. I think we will breakthrough the resistance at 11.5-12k in the next week to 10 days and then the price will move upwards to 13-14k. I think the next dip won't test 10k if this happens.

I go back and forth between which I believe is more correct and I have always felt we were going to consolidate for a couple of months before making any new moonshots or ATHs. I will concede that I am biased and have a hard time imagining Bitcoin going down (other than euphoric peaks).

Bitcoin atm, I feel a bullish wave coming right now which can take Bitcoin to $10700-$10800 and hopefully break the resistance at 10800 zone taking the price further high else then we will be having a dump taking bitcoin price to a support level of $9300.

We can see that both bitcoin and alt coin are gaining momentum in recent days, suggesting that the market is showing signs of a strong recovery. I think that at present we should invest in bitcoin because bitcoin is the most valuable coin in the current time and is growing extremely strong.

Technically speaking the trading range is between 11K USD to 7K USD, fundamentally speaking there are volume to trade. The graph movement is sideways and most likely to move to the resistance level for the next 1 week. If BTC will able to break the 11K USD resistance level and it will surely go to 13K USD mark. Correction is already finish officially as of February 6 is concern, the trend we are experiencing is just normal ups and down of price.

No one will sure what will happen in next day of bitcoin community or value of itself. But like last quarter of the year 2017, this is much unaccurate idea/calculation from a bitcoiner, but I respect your idea and some points. I think we knew, that bitcoin is gaining it's value again in the other side.

Everybody believes in the blue skies and why shouldn't we!  :D

Yes, any predictions that we do are vein currently because massive corrections are following the path. This will however not keep going for few months but can be expected for next whole month as the financial year ends itself. The big investors will be done with their taxation and stuff and thus we can expect them getting back into the crypto investment. That is hell lot of work to follow and hence I believe altogether with the correction the financial year end is making its move currently. So hopefully this will skyrocket in April month that what my prediction says but as I said everything could be vein in front of the crypto's. Lets be hopeful though.

This is a good point, many will also be removing funds from cryptocurrencies to try and get the best tax deals for the year. For example if there's an amount up to which they pay 0 tax many will withdraw up to this amount instead of paying more tax on it in the future when they withdraw it. I don't think it will make a massive difference to prices but it's one more thing to put some upward pressure on the price.

For me is very nice to have ATM to cash the BTC, and nice have ATM to altcoin.

There's a lot of uncertainty still around where the price should actually be and new floors and ceilings need to be found before some security can come back. It seems that we found a floor around 9.2k and a ceiling around 11.8k. I expect the price to fluctuate between them for a while before one is eventually broken. I would expect it to be the resistance instead of the support and that's based on the fact that overall people are still bullish on bitcoin. Most of the FUD spreaders have crawled back under their rocks and we probably won't see them again until the next big crash which I suspect won't be for some time.

They are not talking about A.T.M as automatic tellers. :D
They are discussing about At The Moment.

Next time read the original post instead of just scanning the title for somewhere to write out spam please.

Thanks.  ;D

Have you seen how many people have agreed in their technical analysis on the possible increases and falls in the bitcoin price?

I myself see in a certain channel of news where they do technical analysis and sincerely I have not seen one day that they have hit their predictions, I have already tried to make myself guinea pig using the technical analysis of them as a reference and i lost my money


well, the price of bitcoin increases when we have good news and decreases when we have bad news, so even if you spend hours doing technical analysis in the end will not be much help


is good you touched on this subject, I observe same situation, I was watching the volume of many altcoins and everything is down, last year in that same month the volume was very low

Agreed. TA in crypto is useless. Short term, no one knows and long term we'll see more adoption. A 60% dip scares some newbies to sell, but as usual, we'll heady back in the right direction. I wouldn't expect this flat line to last much longer.

Well we have touch the $10700-$10800 already so I think that maybe the bullish sentiments is already in the air. Though I will be still cautious because two weeks ago, we did see the price soar to $11700 only to be met with so much resistance causing the walls to simply crumble and hit below $10K again.

But as of the moment, we are bouncing again and hope to see it goes above $11K at the beginning of next month.

I am seeing another drop around 8000ish or worse 7000ish. My take is to sell bitcoins at the current price and wait for another dip and then buy it. The oldies should take advantage of the volatility that is happening right now - and since we already had felt that 20,000ish last December, we can assume that sooner or very sooner, the price will rocket to another ATH. Enjoy the WAVES!

Enjoy the ride, by last quarter it will be a hit again so don't worry too much now. Everything will be to the moon by then, we can consider this quarter as a sale time wherein we can bought coins at lower prices.

BTC ATM will be more and more popular in the future, hope BTC global exchange can be more and more convenient

Posted here https://bitcointalk.org/index.php?topic=2901432.msg29845376#msg29845376
But will posted again, as my image about bitcoin still the same, and now already compounding since bitcoin breach $10,5k mark and my next target is $13k, actuall its pretty suprising as the volatility of bitcoin only need 2 weeks to reach the target again. I though that the target will be reached by the end of march or april  :-\ :-\
So go long and hold but remember to adjust the stoploss since investing in cryptocurrencies is a high risk move  ;D
https://i.imgur.com/E5NLKp0.png
https://i.imgur.com/MEnyIUa.png