Bitcoin Forum

This week for Bitcoin

With a strong bullish engulfing candle on the 4H chart, Bitcoin has effectively broken out of the symmetrical triangle. It has also moved over the MA 100, indicating that it will continue to rise.
In my opinion, a retest of the 30K zone is needed to close the gap before going on to the 34K zone, where the MA100 is now located on the 1D chart.
It's too soon to foresee the result of this current week, yet in view of the ongoing move, this will be the principal green week, since we have continually tried the lows to get greater liquidity on the lookout, so a bullish move is logical.
In addition, the MFI (Money Flow Indicator) on the LTF (Lower Time Frames) has turned positive, indicating that money is coming back into the market.

This week for ETH

Ethereum then again is as yet battling to close over the balanced triangle, dissimilar to Bitcoin which has previously broken.
On the 4H chart, we can observe a clear breaking point, as well as a climb above the MA 100, which was previously used as support by the bulls.
The next major hurdle that the ETH bulls must overcome is around 2230$. Trade ETH with mexc.com
We see a clear bullish volume increase in the last few days, the MFI has also turned bullish, suggesting that money is entering back in the market. If the bulls defend the 1900 zone, we could see a push towards the 2230$, on the 1D chart the MA100 is currently sitting at 2719$.

I'm more bullish on BTC than I am on Ethereum right now (CNDL, FTM, NEAR). I think that Ethereum, as an L1 has a lot of competition and will not remain in the top 2 position long, despite its new burn mechanism.

I got a lot at $133. Converted my all  Shitcoin to etherium. Eth is likely the future because of new Usecase. Eth and the Erc 20 tokens will long time remain coins. Maybe some countries can back their fiat with bitcoin , Etherium and Litecoin . I hope Etherium and BTC will remain in top always.

We have the same analysis with Ethereum, it never gets old and still one of the best altcoin to accumulate.

No doubt for bitcoin will remain at the top as it's the king and the same goes for Ethereum. At this time, it's hard to see that Ethereum will be replaced by another coin.

And if it does, I think the closest one will be BNB but it's still far from reaching its end marketcap the same with Ethereum. Just get to have both of them and you're all set for the next bull.

This is why many can’t still defeat ETH because its simply good and it continues to grow as well.
Many new altcoins tries to destroy ETH yet they failed and by this, I believe this is worth holding and I know if you do hold more of this two top coins, there’s a higher chance of making profit. Well, we should always analyze and never go all it, it is still good to have many options.

but what about today? again both coins are battling to at least maintain their position to greening but yet? not to happen because the price now starts dumping back and market is showing red wave again.

I think we can hardly see a complete week of increase in our days now.

unless we start spiking when The halving season comes.

Sure, bitcoin and ethereum will always be top. A lot of altcoins came out and most were advertised as ethereum destroyers but then there wasn't a single altcoin that could compete with ETH. For example SOL was once considered an ETH killer, yesterday the Solana network crashed, resulting in the entire blockchain being halted and disrupted. This is the 4th time in 2022 SOL has encountered a problem. This is clearly a failure in trying to beat ETH.

I see the movement of BTC and ETH is very stable this week, where the increase and decrease are very reasonable, that's why many crypto users make bitcoin and ethereum their main investment in crypto, apart from that until now there has been no other coin that can succumb the popularity of the two coins, and until now BTC and ETH are still ranked 1 and 2 CMC.

I get that bitcoin may have a chart looking like a prime place to buy, but we should be careful because that is what bitcoin does when it is sideways. I ends up looking like it will go up, then it goes up a little, then it looks like it will go down and it goes down a little.

Just because MA has reached over 100 doesn't mean that it will go up, it just means that right now the direction is up again but that will end up with a bit of a drop in the end again. This is why we should be focusing a bit more towards something more cautious when we are investing. That will result with a good investment where you know it will go, instead of just hoping the chart is right.

When the month of June started, what I noticed also was that Bitcoin started to get strong above the $30,000, it keeps bouncing again and again if ever it is dropping or below. With the month of June candle closed above $30,000 I really believe that it month of June is bullish for me on Bitcoin and Ethereum, Ethereum is almost following the price action of Bitcoin now.

This would be way better readable/understandable coming with a chart. In general I agree that after the heavy downtrend of the last weeks it is time for a break with some counter-movement a bit back up. Let's see how far it can go up before the sellers appear in larger numbers again. Somehow I don't expect the end of the bear market just yet, it might go on for a couple of months longer.

The current movement of bitcoin is better than a few weeks ago because the bitcoin price has been able to return to the $30k level, although sometimes the price can drop back to $29k.
This situation made the price of bitcoin go up and down and it seems that now it has entered a recovery phase from altcoins and, of course, bitcoin.
But that doesn't necessarily guarantee that the price for bitcoin and altcoins will continue to increase, considering that the bitcoin price has not been too high.
So we still need to be patient to wait some more and just keep holding our coins tight.

Good luck with that. I think TA has proven to be a meme. You can't plan market pump and dumps by whales and insiders or world events before they happen. Only insiders and exchanges make money trading in unregulated markets. You might as well play the slots with your money (actually, some people are doing that right now with their ETH and 0xMR on betcrypt365 and lnocasino because it's the fastest way to recoup your losses). Anyway, my strategy has been to buy POS projects like NEAR, Celo, and ICP and stake them. When the market rebounds I will have 10-20% more coins to sell at the top. For me, this is better than trying to time the market , especially because you never know when the next bull market will start and you don't want to be left behind holding inflationary dollars.

TA will never work. This is just a random speculation, the sentiment of market and global economic situation is the main thing that affecting people to invest but these days we do know that so well how bad the global economic. So many countries were facing very big inflation. People need case and it's hard to say that whether they wanna try to use their money to buy crypto or not. TA was a garbage prediction for now.
I saw bunch of people predicting another pump after bitcoin reached 32 but it was going down again last week and became a bulltrap. It's still remain unpredictable.

Early June we are still seeing bitcoin price bouncing off to believe that as long as Bitcoin is above $30K it will be fine. Anyway, this bounce pushed over $31K+ by the time I typed. So I'm pretty positive Bitcoin can provide quite a long boost before it finally faces another long bear season.

TA works, you just need to do it patiently and consistently.
Traders made a lot of money because they analyze the market most of the time and by doing this you can actually predict the next trend but of course there’s still a chance that its not accurate but still, its advisable to analyze than to make any guess. Its good to see green candles again with Bitcoin, this might be the start of a new trend for this year.

seems like the bearish isn't here for long. but then again the trend for the market could be very well going reversal direction because so many of the so called analyst already calling out btc gonna have another waves of having huge market correction.
If that truly happens and we gonna see the next waves of market correction then it's a doomsday for altcoins. Already down 90% at the first wave is bad enough, and if btc ever touches sub 20k ever again then say goodbye to most of the altcoins with low quality use case.

After I've seen a multiple pattern of price up and down plus we are already in a bear market, I concluded that there's no way this market will have an upper reversal that would pump above $31k. The only way it goes is below $30k and that's it or there will be much worse than that and that would be below $20k. It might happen next year or before the halving a year before it happens based on the chart patterns and I expected this to happen already since that's how the market works.

It may be unpredictable but those prices will come in no time since I don't think it will stay for $30k-ish this long cause I've seen a pattern like this when the price was $10k - $15k.

It will be a very choppy month in my opinion. Even stock market is getting very choppy. Right now we are waiting on the inflation numbers and then we listen to the hints we get if the fed will raise rates or not.

If the numbers are not too far off from expected then we will just chop around. Unless we get a very low or high number which will make the fed either stop hiking or hike 75bps points or something crazy, then we will get wild swings.

However it might trade sideways until the end of Summer like 2018.

This does not change the fact that ethereum is a centralized coin unlike bitcoin, it may be one of the coins of the future though but countries that have adopted  bitcoin as a legal tender are doing so because bitcoin is decentralized and more of the coin of the future in my opinion. You can convert all your other coins to ethereum, there is nothing bad about that, ethereum is good because as ethereum network miners are accepting transactions, certain ether are burned and makes ether to be deflationary.

We say "even stock market" but aren't we going to admit it's "because stock market"?

All the past weeks of red candles is a mirror of stocks and Monday went to 31k was also the stock market revival, which didn't last dropping today and guess what, Bitcoin also dropped.

What I'm not happy is ETH dropping more than BTC. I thought whales were buying up.

There doesn't seem to be anything to worry about the price of Bitcoin even though we really don't know what the future will be like,
maybe to be clearer, do research and analysis at any time, especially if the good news is related to crypto or not, it will greatly affect the market,
it's better to just follow the developments and hopefully nothing will happen

We really don't have to worry about what happens to Bitcoin and Ethereum price movements. Because in my opinion these two coins are the best
in the crypto world, so I really believe Bitcoin and Ethereum have a bright future. Although the movement of the two looks sideaway, especially
the price of Bitcoin, which is still struggling to get above the $35k price. We still have to believe Bitcoin and Ethereum will be bullish in time and
can give us profit if we can be patient holding both of them. Like what you said, we really have to be patient following the development of Bitcoin
and Ethereum, by continuing to do research and analysis to be able to predict where the market will move. What is certain is that if there is
good news in the near future this can help the bull market faster. So hopefully entering the month of June there will be good news regarding crypto.

I do not believe this is the week the op was referring to because I just checked the chart and BTC may have broken free from the 30k zone and is at 31.4k from my last analysis but I don't see it going towards the 34k mark atm
But, the week is not over yet as BTC may once again surprise us.  They're all cryptocurrencies after all

Nice that you still got a decent money out of your shitcoins but what about the fees, are you disregarding it? My guess is you also have paid close to 50 dollars and maybe higher than that if you sell different kinds. Im too unfortunate that my shitcoins didn't cost even 5 dollars but what would I expect, they are shit anyway but moving on, you did a good job there for choosing eth over the real shitcoin.

Don't know about that new use case you are talking about. Did I miss something? I don't think so, I am active here in this space but that is true that eth is the future of money together with btc. Don't worry, btc and eth will always remain at the top. No other coins can shake them.

maybe for ethereum will experience a few pumps this month because the implementation of ETH 2.0 will have started to be released and this will have a positive impact on the price although it may not be significant due to the influence of the market at this time
but it never hurts to take the opportunity to get a moment of profit in short-term trading

The movement of bitcoin and ethereum at the moment we can say is very stable, because after an increase of only a few percent then they again fell, and they seem to be fighting back to be able to reach the highest value as has ever happened, so it is not surprising that currently only these two coins are the mainstay of investors and half of them have just chosen other altcoins that do have potential, and they abandoned meme coins for some reason.

- stable? I don't call moving to 32k and falling down to 29k in the same day stable (that's like 10% movement man) same for ETH. Still highly volatile. Though probably still more stable than stablecoins like UST losing 60% in the same time lol

- Abandoned meme coins for a reason? Was there ever a good reason for not abandoning them?  ::)

leaving the meme coin when the market is bearish is a good thing and right, because if you don't,
then you will experience LOSE -100%, look at coinmarketcap!, many meme coin is SCAM and left by the developer,
yes that's the characteristic of meme coin, without developer and without fundamentals.

Meme coin is a token that can only be good for a moment so everyone can better forget about it at any time than having to risk with any meme under any market conditions because those who have been profitable with meme coins are an example of luck alone not because of the meme factor its good or strong in the market and I think what you are describing is very clear.

actually we know what is the future be like , the problem is most of us cannot wait enough for that time and always seeking for income , they does not even understand the meaning of volatile market.
Bitcoin always climb we all knew that, though it takes time and sometime it even years but surely it will recovered as we are there since the beginning and until now the market is here for us, I may have regret for learning this market late, but at least I know where i stand now and what I am waiting for.

it's the weekend, and I think this weekend will be more interesting and more decisive,
because look through coinmarketcap or if you can read TA open Trading View and currently Bitcoin price is really at support price,
Weekend is always much higher volatile, manipulation also happens often, so we all have to really monitor it,
because if you miss it then you will see a Bitcoin dump of up to -15% maybe

I didn't want there to be a 15% drop but the Crypto market conditions this weekend were totally beyond expectation, Bitcoin continues to fall to this day and the trend is also being followed by several other Altcoins like ETH. it looks like if this continues for a few days it will be very difficult for Bitcoin and other altcoins to recover anytime soon.
maybe I think this is also the right time to invest without waiting for a deeper correction.

Everyone's courage is always different so for now only really brave people will make investments in Bitcoin and some altcoins and also want to understand the risks, because getting the best coins at low prices is the dream of brave traders and investors. because they are often profitable when the market turns to Bull in an indefinite period of time.

I think they know what to do and investing in Bitcoin and other altcoins is the right choice,
Of course it all also can not be separated from a lot of experience,
The most important thing is that before making any decisions, we must know the risks

this week is coming to an end, and the price of Bitcoin is still above $28k, indeed it was under $28k but has already bounced,
if the Bitcoin price for closing this weekend is below $28k I'm sure $20k to $22k will be achieved, so trade with caution.

https://i.imgur.com/NArjMnV.jpg (https://coinmarketcap.com/currencies/bitcoin/)

Now the price of Bitcoin is at $23k and is very close to the price you said it will be, I think it will be too because since early April after a slight increase in price, Bitcoin has continued to decline until now so this is something that needs to be looked at everyone because the effects of Bitcoin's decline are still huge for all the altcoins on the market.

Which is a proof that even when we are awaiting for it to go up, there is room for it to go down and that's fine, we could always be wrong and that is fine, there is nothing wrong with that. I personally feel like we shouldn't really focus on how we could make something out of nothing, we should be doing something with this.

I believe that we would definitely not be doing a major detail on crypto and find the exact reason why it goes up or down, we can't find that. But when we wait for it to go up, and recovering a bit, we can see it cashing down hard, or vice versa could happen as well. This is why I believe it should not be really "expected" to do anything.

Lets not spam the forum guys, Asking for the trend per week? so this means each week we will be having this kind of thread?

While I know that we are in the Bearish trend now , yet I don't see something that we must tackle each time , instead why not ask for at least quarterly?



But going back to the question? We will be having a bad week not only for these 2 coins but for the whole market instead.

yeah and it  does ,  now the price is https://coinmarketcap.com/currencies/bitcoin/ 21k still but there are many chances to fall on this part and 20k? maybe lower on this part .

the strongest price line is 28K$ and if this doesn't hold then demand the next week's possibility is 20K$ and here we have to be careful because the market may continue to fall and if we believe we can sell and buy back when the market reaches 20K$ and if you are not sure then holding it is the way to win

Chances are what you said is true and the price of bitcoin is now heading towards $20 thousand and that will definitely happen. Today the price of bitcoin has decreased to the price of $21 thousand and that means we will see bitcoin price move below $20 thousand in a week  this is and of course very sad.

You must not feel sad mate when the price falls down that Low because we have been in Bull market for long time and if you consider growing your investment then the action you did in the past months are selling your coins to wait for this chance and now? let it fall lower because we can buy as low as we can get.
Now i am eyeing for the value to at least drops to below 15 k , or even 10? then that would be a x10 profit once the price hit 100k in the next halving.

It looks like it's going to be a bit difficult to increase this week, because it seems that the downward trend is still visible and bitcoin really wants to drop below $20K. but if your prediction is that it will be in the $20K-$22K range, it might happen if bitcoin doesn't drop below $20K. if it drops below $20K I suspect that there will be a surprise at the price of $15K, hopefully my prediction is wrong and bitcoin is able to stay above $20K.
but I hope that this moment is an opportunity to immediately buy and hold it.

as long as the price of bitcoin continues to correct, it is certain that all altcoins will also experience it, including ethereum. It's hard in a situation like this that something can improve.

Those who already have experience in the crypto field certainly know how the risks are, but for those who are just starting out at this time, I don't think they will immediately understand how the risks are so they still need some research for them to understand in detail. Although in the end will also choose a good Bitcoin and altcoin after going through some research and knowledge they need.

2 coins namely BTC and ETH are what determines the market, if BTC and ETH Red then we can be sure that the market is immediately red, and now is a difficult choice because the price of ETH drops is below $ 1000 and currently around $ 980, if the market is not immediately rising anymore I'm worried that I will continue to drop and make a lot of altcoins that I save also drop significantly.

you are wrong, Ethereum was able to return above 1000000, look at Binance or Coinmarketcap, and you will know it is a fact,
indeed everything is triggered by Bitcoin, if Bitcoin goes up then the trend of altcoins will also go up, and if bitcoin goes down then altcoins also go down,
this is why is the crypto market called very volatile, but this week don't worry, crypto prices can be recovered

What I see is only one coin that can affect market conditions in terms of decreasing and increasing altcoin prices, that coin is Bitcoin because Ethereum is also still following this influence and also still very often follows the flow of Bitcoin so it is not worth mentioning Ethereum as a market determinant unless only bitcoin.

Ethereum can also be a determinant of the movement of other altcoins, because some are paired with Ethereum,
let alone many ecosystems on Ethereum, so it's natural that Ethereum goes down, Altcoins also go down,
yes and it could be with Bitcoin, because Bitcoin is the king of all coins

It won't drop down immediately, both ETH and BTC. But eventually, BTC and ETH prices when they fall and slowly lose their momentum will affect the whole market. Right now, I think the trend of this week for BTC and ETH is sideway.

Even though BNB is the strongest altcoin after Ethereum, I don't see any possibility of BNB being able to replace Ethereum on coinmarketcap.
Because the market cap and volume of Ethereum is much higher than BNB, I don't imagine that Ethereum will be replaced by BNB.
It's too difficult for BNB to beat Ethereum, because it's been a long time since Ethereum has been in the second position on coinmarketcap,
since long ago there have been many new projects created to replace Ethereum, but all of them ended in failure. It proves that until now
Ethereum is indeed the best altcoin,  so it's only natural that the current decline in the price of Ethereum has a fairly large impact on the market.

Especially if we are holding Ethereum, don't sell the Ethereum that we have when the market is declining like it is now. I believe Ethereum will
recover, because Ethereum is an old project that always follows the movement of Bitcoin. So I know some times Ethereum has gone down,
but if Bitcoin price goes up, then Ethereum will be affected to go up too. Although this week it can be said that the Ethereum trend is declining,
we still have to be patient holding Ethereum, until the price recovers again. My advice is that we don't regret selling our Ethereum at a low price. 

It seems like ethereum and bitcoin have been reaching the bottom position and it's starting to growing up again soon. If bitcoin can break 21k and then 22k and this will become a very positive impact to the crypto. I hope that people have been accumulating more and more bitcoin during the dump. They may be getting huge profit now and some altcoins were pumping so hard from the bottom price. The token like celcius was growing so hard.
I hope that the disaster already ended and this time for the next pump to happen after a huge dump for bitcoin.

Regardless of what happens to Bitcoin and Ethereum I don't think we need to worry too much,
besides that at this time the price of Bitcoin is also slowly rising again although we do not know how long the increase will last,
the most important thing is to continue to monitor and follow the movement

Paired with ethereum is one thing for the trading, but also there are a ton of projects which uses ERC20 network based on ethereum itself. This is the biggest reason why etheruem going up could impact those tokens. I mean if it's tied to ethereum then when ethereum goes up, all the things on its network should be going up as well.

This is why DeFi world made it so much better and great at that level, it was something that was wonderful for a whole ecosystem and not just one coin or token. There is absolutely nothing wrong with that and I believe that we should probably be looking at ethereum as a big whole system and not just one coin.

I have to say it is not that clear, we are not talking about just white and black here, we are talking about some things that will take a while and meanwhile other coins could show some life before btc and eth. I am not saying that btc and eth will stay low, there is no way that they will stay low for a long period of time when everything else goes up, that won't happen.

But, it also means that we won't have btc and eth going up before anything else guaranteed neither, they may stay like even if just one day behind, but could stay behind nevertheless. That is why I believe that we should not be looking at just two coins when predicting the market, look at top 100 on CMC (single page) and you will do a lot better.

Why monitor Bitcoin and Ethereum if you don't own them or don't make purchases on them at this point? because monitoring both coins without buying or owning them is a total waste of time except for those who are willing to buy for profit. Because those two coins are still the best for now and the only people who are afraid to buy them now are those who don't know them.

It is precisely because they have seen it that they monitor and continue to see its movement and development.
If as good as any of us they want to buy but there are no funds it's useless right, so it doesn't mean that everyone who doesn't want to buy or have bitcoin at this time they don't know it, it's a very wrong understanding of ours.

If you will only look at the situation as negative thing? then what we can find is always negative , because remember that Bitcoin and ethereum is the base of the market so when they fall take that advantage to Buy and never feel sorry because for sure in the following days,weeks,months? the value will climb back or at least make insignificant movement and that has been proven for many years now.

As long as you don't sell any of your bitcoins at the time of the drop you have nothing to lose and nothing sad here, we have had a bullish season and all profited from it. When the market is down it will be the next big opportunity for us to profit for the upcoming bull season,bear season is for us to buy bitcoin and altcoins at low prices. Profits can be made by holding and selling them during the bull season. If you don't buy anything during the bear season, you can't make a profit during the bull season.

It's hard to predict with certainty today's highly volatile prices and where any technology will go in the future, even if you're passionate about it. That's especially true for cryptocurrencies like Ethereum and Bitcoin. Blockchain is changing how technology works and will continue to do so — but its specific future applications are impossible to say with certainty. All we can do is speculate—and hope it goes well.

it's a new week, and it will also create new monthly candles on a weekly basis, of course it will be very interesting how Bitcoin and Ethereum move this week,
Bitcoin sentiment is still bad, many people want under $15k, of course this can certainly create panic in the market ,
if Bitcoin dumps then Ethereum will also follow it, right now make sure we have to monitor the movement of bitcoin, and don't miss it

Yes, that's right, now when we talk about the price movements of BNB and ETH it seems that we only need to see the movement of Bitcoin. I'm currently focusing on bitcoin myself and trying to ignore some of the altcoins that I really like. I still see the movement but the intensity is no greater than bitcoin. In a situation like this, like it or not, I have to do this.

I noticed the price of Bitcoin for a few weeks and saw that it was below 20K in the same place.Can't get above 20K.Etherium coins are in the same trend.Bitcoin has not been able to rise to 20K for the last one week.Can we predict the bull market in such a market trend and how fair do you think that would be.If Bitcoin is pumped, Etherium BNB and other Altcoin will follow it.However we can expect the market to recover very soon.

That alone is actually quite enough for you because by monitoring the condition of Bitcoin in the market you can also make conclusions in choosing some of the altcoins that you like for now even though it doesn't need to be done in a hurry because considering market conditions are still not improving.

we are starting again in a new week, and of course in a new month, we know June is the name of the June DUMP,
but we are all getting through it well, and Bitcoin is also currently still at strong support,
so I'm speculating that July will be Pump month for cryptocurrencies, especially Bitcoin

this week seems to be bullish for Bitcoin and other cryptocurrencies, because if you look at the market reaction,
Bitcoin price was able to stay at $19k and look now Bitcoin is already above $19k and heading to $20k,
of course this is a positive signal for the week this, so start buying if you don't want to regret it

And right now there is still no sign of a pump for Bitcoin except for only increasing in a very small size. It would actually be great if this month there could be a pump on Bitcoin because it would save everyone from the losses they've been through.

The bitcoin trend is still trying to find the best position to bump again. The chart is still doing sideway and no chance for bitcoin to go up until bitcoin will have done with its sideway trend. Ethereum was only following bitcoin and it will not increase if bitcoin was not doing it first.
Ethereum may be dumped to the bottom if bitcoin was also dumping. This time market is very sensitive and so many bad news came that may make market to short again.

A small bump is happening with bitcoin right now. Will we see another recovery that will be coming for bitcoin soon? i meant if bitcoin may have reached the bottom and this will be a sign for bitcoin to did another up trend again for sure. Bitcoin needs to go even higher since so many people are getting wiped out caused by longing bitcoin. That's pretty interesting if this time this can be also a bulltrap by bitcoin. People are still talking about that this day.
Ethereum trend can't be predicted easily right now. As long as bitcoin is moving up and ethereum will be going up as well. Both are having strong correlation.

As soon as you said that Bitcoin retraced. I think we are going to need some sort of catalyst to pump the market. Perhaps Biden will give out stimulus checks in the US again before mid-term elections. I think that is highly probable. In the meantime, I am using this as an opportunity to acquire AAA rated cryptos like IOTA, FTM, and ICP.