Short term trend of Bitcoin currently

[EluguHcman]

Over the last 24 hours it seems that Bitcoin is recovering. But a 1-month trend is indeed bearish. It doesn't mean much, as the price is still high and it's still early for the anticipated bull market anyway. Honestly, I think Bitcoin is holding up really well, considering that Bitcoin is 60% or more below the ATH most of the time, it seems.

Agreeing with you that Bitcoin is turning out to gain momentum again but should not create reactions to suddenly expect a bullish yet, hence the market is still in the nature of bearish.

I needed to be clarified on the note when Bitcoin enthusiasts says... Bitcoin is recovering, what does it really mean? Recovering to catch up with the current ATH value or at what value precisely can we experience to say Bitcoin has recovered?

I asked this because while we experiences the DIP and the bearish in a current market condition, some Investors came lately then and did not meet the ATH but all they cares is that Bitcoin price should increase for them to make profit while those who had been there and withnessed the ATH awaits a market price to experience new ATH.

[legendbtc]

Bitcoin trend could have been referred to as bearish while it was dropping down from $70k (which is most of June). But it's been days since we saw a drop. For about 5 days we are seeing ups and downs which makes the current trend sideways (not bullish, not bearish). Basically after reaching $60k, the drops stopped because that is a strong buy support.

And we went as high as $63k the last time I check, so yes, it's a sideway patterns and I don't think that it could be a bearish as what this analyst is seeing. That's why we should not be hearing thoughts from this so called expert, because there's a lot of them.

So as far as July goes, this could be a good sign that we might start at $63k and maybe in the next coming weeks or at least for this month of July we might be back $70k again and that could be a good indication that the imminent bull run is about to come.

Bitcoin has only shown signs of moving sideways since falling to the $60k area because that is quite a strong support level. Meanwhile, many people predicted that bitcoin would be bearish when bitcoin started to fall from 70k$ to 66k$ and then continued to fall to 60k$, and some people made accurate predictions about the trend of bitcoin. We should not listen to anyone and can make our own predictions but we should not deny that some people have predicted correctly.

Many people were happy when on the first day of July bitcoin suddenly increased to 63k$, but this is not a guaranteed sign that we will have a great July. Bullish is a good thing but it is too early to declare that bitcoin will do well and could return to $70K this month.

[Republikcoin.com]

Currently, Bitcoin's short-term trend remains bearish. It has yet to confirm any bullish trend reversal. Crypto analyst Josh said in his latest analysis that Bitcoin is still showing a short-term bearish signal. He also said Bitcoin has seen a repeat of past price movements.Analyst Josh checked the Bitcoin chart, he found that the DXY (U.S. Dollar Index) was trending higher, making higher lows and higher highs, indicating a bullish trend for the DXY. Since Bitcoin was around $67,000. When DXY trends upward, it usually means bearish momentum for Bitcoin and vice versa.

Today there was a slight price recovery in Bitcoin where the Bitcoin price almost returned to touching $64K after being in the range of $60K in the last few days. I also agree that currently Bitcoin is in a short bearish trend because that could be a bit accurate to say, but in terms of price recovery in Bitcoin it will not be fast enough this month if the buying index demand is still not much different from last month. Although the possibility of a return to the $65K range could occur this month in Bitcoin.

[AmoreJaz]

We can't say when Bitcoin price will become bullish. There are so many predictions online, but none of them have seemed to be accurate , it's usually something else. Best thing to do in a situation like this is just to hodl till the market becomes bullish.

Nobody cares about their prediction, the Josh he is referring to is just an analyst like any other person here, he might just be an influencer, which does not guarantee his say; although, we have seen how bearish the price has been a few days ago as the Bitcoin price came below $60k, but all these should not be a sign of a bear market according to him, it should be an advantage for people that are yet to invest before the price of Bitcoin takes another direction of no return.

What I learned from this market is that - no matter who is giving the prediction, let us say, a known personality or self-proclaimed expert, at the end of the day, you need to take care of your own business. Because like it or not, whatever happens to your hard-earned money is on you, not anyone else. So you can read all those suggestions or predictions over the net, but you need to contemplate on what's best for your funds. You can't blame anyone if you lose afterwards.

And we went as high as $63k the last time I check, so yes, it's a sideway patterns and I don't think that it could be a bearish as what this analyst is seeing. That's why we should not be hearing thoughts from this so called expert, because there's a lot of them.

So as far as July goes, this could be a good sign that we might start at $63k and maybe in the next coming weeks or at least for this month of July we might be back $70k again and that could be a good indication that the imminent bull run is about to come.

As we put it this way, the bearish or bullish period in this market has no concrete definition when it comes to price level. Everyone has their own range how they classify the market to be in bearish or bullish one. So the terms are relative to what price level they are basing at. Some people may classify the market as bullish one if btc is above 60k level, whereas for some, we are already in the bearish period. What I am trying to convey is that, whether we are at bearish or bullish season, it is up to you how you will take advantage of the market.

[STT]

Golden rule is always negative under a weekly average, I'm always looking for reasonable definitions to price movements and thats my conclusion of some years.   Not forever but the current META as per OP, if we cannot even trade above a 8 day average or similar measure then the BTC price action is weak and subject to worsen.

We have attempted upwards and failed, another detail to consider is closing prices such as the daily bar.  Even if you arent watching on a daily time frame consider the price must close at that high or low to really register as valid with duration beyond just normal BTC volatility.

   So right this moment, pay attention this is when a daily bar finishes and a new starts and in a few mins Japan and rest of asia will trade this price and decide whether they concur and so it goes on but after a day every market has traded that price is mostly fair to say.

[GreatArkansas]

Currently, Bitcoin's short-term trend remains bearish. It has yet to confirm any bullish trend reversal. Crypto analyst Josh said in his latest analysis that Bitcoin is still showing a short-term bearish signal. He also said Bitcoin has seen a repeat of past price movements.Analyst Josh checked the Bitcoin chart, he found that the DXY (U.S. Dollar Index) was trending higher, making higher lows and higher highs, indicating a bullish trend for the DXY. Since Bitcoin was around $67,000. When DXY trends upward, it usually means bearish momentum for Bitcoin and vice versa.

Today there was a slight price recovery in Bitcoin where the Bitcoin price almost returned to touching $64K after being in the range of $60K in the last few days. I also agree that currently Bitcoin is in a short bearish trend because that could be a bit accurate to say, but in terms of price recovery in Bitcoin it will not be fast enough this month if the buying index demand is still not much different from last month. Although the possibility of a return to the $65K range could occur this month in Bitcoin.

I always have the guts that if the price of Bitcoins at the start of the month is awful, it will be the same as for the rest of the month.
The good thing here we are still above $60,000. Which me for me that's the significant strong support right now for Bitcoin.

And yep, good catch about how we touched Bitcoin recently in $64,000 and back at it again, for me, it's just a sign that bulls still fighting.

[Gaza13]

Do you trust the techniques or analysis they provide, what is their level of accuracy in analyzing? If you are sure or understand investing in Bitcoin, why are you hesitant to buy or add to your assets? Isn't this the best momentum to continue buying and holding for a long period of time to get maximum results. If you wait and listen to their analysis, it is not certain that their predictions will come true and you can be sure that you will lose the best price momentum at that time of the month. It's best if you are confident enough in your investment knowledge, it's best not to pay attention to other people's analysis, it's better if you focus on your own beliefs by continuing to accumulate your investment every month.