Do you guys agree that $12,500 remains the most resistance for now?

[AICoin_Official]

As price remains oscillating, we don’t have much to say about the price action. But apparently, the uptrend today remains weak since we haven’t seen a continuous expansion in volumes, meaning that price will keep oscillating within a narrow range in the next few sessions with resistance between $11,500 and $11,800. But the target at $12,500 is clear and price will keep moving towards the major resistance until major bearish news emerges.

Original by Kuang Ren, translated and posted by AICoin Jami.

Feel free to leave your comments below

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[imapessimist]

I don't understand this rise at all.  Why is anybody buying at 11.4k.  I'd say it's price manipulation by whales so can't be sustained.  Or maybe it can.  If they have got enough money.

[Lancusters]

After December 2017, the resistance level for me is $ 20,000. We have already seen all the intermediate prices. This is only an intermediate point for recovery. I am sure that in early may the price will return to $ 20,000. The resistance of the market it is a marketing ploy to keep the price down and buy cheaper coins.

[kolesozw]

As price remains oscillating, we don’t have much to say about the price action. But apparently, the uptrend today remains weak since we haven’t seen a continuous expansion in volumes, meaning that price will keep oscillating within a narrow range in the next few sessions with resistance between $11,500 and $11,800. But the target at $12,500 is clear and price will keep moving towards the major resistance until major bearish news emerges.

Original by Kuang Ren, translated and posted by AICoin Jami.

Feel free to leave your comments below

Yes, I can agree that the current level of resistance is $12,500 and I think we will watch it for quite long period. Like few months or even more. But this makes Bitcoin stable in the eyes on newcomers so this is actually good.

[Zandar]

I don't believe in such things as resistance in crypto. As long as people are buying it then it will rise in price, and when people are selling it then it will go down in price. Also with stock exchanges having gone into it, it will take longer to rise, they keep buying and selling for the measliest of profits. So now it takes a bit longer for it to rise than it used to, but the opposite also is true.

[fabiorem]

Yes, I agree.

We should be at $16500 already. But it is harder than what I thought.

[staywoke081]

My feeling was that if we surpass 11,700$ we are pretty golden to make a run here. Not saying we will moonshot or go nuts, but testing that ATH will be more likely in the coming months if we pass that resistance.

[Kemarit]

As price remains oscillating, we don’t have much to say about the price action. But apparently, the uptrend today remains weak since we haven’t seen a continuous expansion in volumes, meaning that price will keep oscillating within a narrow range in the next few sessions with resistance between $11,500 and $11,800. But the target at $12,500 is clear and price will keep moving towards the major resistance until major bearish news emerges.

Original by Kuang Ren, translated and posted by AICoin Jami.

Feel free to leave your comments below

Here's my personal view. We have previously seen that we are able to see the price go up as high as $11700. But it seems that it can pushed after that, and what's worst is that it went down below $9,000. Currently we are in  that range again, but the volume seems very week. So I'm afraid that we might be stuck at that range ($11,500-$11,700) unless fresh blood enter the ecosystem to push against this big wall in front of us. This will be like the 3rd or 4th time to try and test this mental barrier. If we succeeded in the next coming day go and attempted $12,000 then the bears will be no answer and the bullish sentiment will emerges.

[darkangel11]

It amazes me that the price is struggling so much at the 11000s, but on the other hand it's great that we're staying here for so long and not in the 9k area. The last huge support that we stayed for that long was that 3,5 -4,5k in 2017. If you compare the charts it was almost the same market behavior with people thinking that it wasn't going to go much higher. This caused them to sell every time it went up by over $500 slowly stopping the push towards a new ATH. Nowadays people are trying to take short term profits but the price is still slowly moving up. That's why another breakout is inevitable, just like it was in 2017.

[pitiflin]

If the resistance is for now, it is not exactly resistance. The markets will soon cope up and most probably we can see the prices going up. I am not sure if I am surprised that there is not much change in the markets, given the history of bitcoin and its volatility or that rather see that there is hardly anything going around. Only lame shit all over the world. Saddening reality.

[slyfox]

I don't understand this rise at all.  Why is anybody buying at 11.4k.  I'd say it's price manipulation by whales so can't be sustained.  Or maybe it can.  If they have got enough money.

I'm confused as well what made the price of bitcoin to surpass 11k it was just the demand or there was a positive news somewhere that I missed because for what I can see there is not much of a reason for the price increase and if that is the case then it is likely we will return to sub 11k prices relatively soon.

[magneto]

As price remains oscillating, we don’t have much to say about the price action. But apparently, the uptrend today remains weak since we haven’t seen a continuous expansion in volumes, meaning that price will keep oscillating within a narrow range in the next few sessions with resistance between $11,500 and $11,800. But the target at $12,500 is clear and price will keep moving towards the major resistance until major bearish news emerges.

Original by Kuang Ren, translated and posted by AICoin Jami.

Feel free to leave your comments below

I'd say that the strongest resistance should be at $12k, still. The highest point during this stretch of recovery from the dump down to $6k was around $11,900 as per coinmarketcap stats, which means that $12k is obviously a huge resistance.

We're seeing a small pullback as well at the moment, with price going slightly down today with a -1.5% growth.

Expect some consolidation at $10,500-11,500 with this $1k window before any moves upwards. And when it does move upwards it'll go directly to test that $12k resistance. If it is indeed broken then $12500 shouldn't be an issue.

[Wind_FURY]

I will only consider a situation that we are out of the "bear zone" if Bitcoin reaches the all time high again and turn that into the new support. If not, then it's pointless discussing any points of "resistance" under the all time high in my opinion.

[reliable]

I don't understand this rise at all.  Why is anybody buying at 11.4k.  I'd say it's price manipulation by whales so can't be sustained.  Or maybe it can.  If they have got enough money.

This is the price stability and it is providing the resistance at this level due to which fall back does not seems to happen anytime now it seems. Also why not people will buy at this level when they truly believe in btc and its power to rise back quickly. Years on btc has being proving that how much demand and rise it can provide in quick time and no one would like to miss such an opportunity.

[alyssa85]

I don't understand this rise at all.  Why is anybody buying at 11.4k.  I'd say it's price manipulation by whales so can't be sustained.  Or maybe it can.  If they have got enough money.

It's traders/scalpers. They are buying and then selling for a few percentage points within a narrow range.

[1Referee]

I will only consider a situation that we are out of the "bear zone" if Bitcoin reaches the all time high again and turn that into the new support. If not, then it's pointless discussing any points of "resistance" under the all time high in my opinion.

It's more pointless to talk about an all time high (that's totally not even part of the question), than about resistance points below that. The all time high you are referring to is an absolutely inflated peak that by far didn't represent the progress that crypto in its entirety has booked in the last years. It was nothing more than blind speculation regarding the future markets and fomo that drove the price up to near $20,000 levels. The majority of the people look at current levels as being very low, and dumped down badly, while in reality, we're doing great as long as we remain hovering over the $10,000 level. Speculative peaks don't represent actual all time highs, but yet people consider them to be the main benchmark levels.

[Oceat]

It amazes me that the price is struggling so much at the 11000s, but on the other hand it's great that we're staying here for so long and not in the 9k area. The last huge support that we stayed for that long was that 3,5 -4,5k in 2017. If you compare the charts it was almost the same market behavior with people thinking that it wasn't going to go much higher. This caused them to sell every time it went up by over $500 slowly stopping the push towards a new ATH. Nowadays people are trying to take short term profits but the price is still slowly moving up. That's why another breakout is inevitable, just like it was in 2017.

I would agree on this, at least this is the highest peak now compared to previous weeks which is felt so down. And to again slowly to $12,500 is still a bit harder than i've expected compared to the main ATH which is $20k and yeah people are trying to take a small step on it just to take a small profit from it but the odds are not too kind. Day traders now are eager for the new resistance that will hit it slowly.

[babygun]

It amazes me that the price is struggling so much at the 11000s, but on the other hand it's great that we're staying here for so long and not in the 9k area. The last huge support that we stayed for that long was that 3,5 -4,5k in 2017. If you compare the charts it was almost the same market behavior with people thinking that it wasn't going to go much higher. This caused them to sell every time it went up by over $500 slowly stopping the push towards a new ATH. Nowadays people are trying to take short term profits but the price is still slowly moving up. That's why another breakout is inevitable, just like it was in 2017.

Short term trading on bitcoin can be very lucrative if your timing is correct. I think the price will continue to struggle, for the coming weeks, to pass the
12 000 $ mark until some big news will be released, like the launch of the lighning network.

[bocyaj]

It amazes me that the price is struggling so much at the 11000s, but on the other hand it's great that we're staying here for so long and not in the 9k area. The last huge support that we stayed for that long was that 3,5 -4,5k in 2017. If you compare the charts it was almost the same market behavior with people thinking that it wasn't going to go much higher. This caused them to sell every time it went up by over $500 slowly stopping the push towards a new ATH. Nowadays people are trying to take short term profits but the price is still slowly moving up. That's why another breakout is inevitable, just like it was in 2017.

I would agree on this, at least this is the highest peak now compared to previous weeks which is felt so down. And to again slowly to $12,500 is still a bit harder than i've expected compared to the main ATH which is $20k and yeah people are trying to take a small step on it just to take a small profit from it but the odds are not too kind. Day traders now are eager for the new resistance that will hit it slowly.

Now the price of bitcoin is start to increase to high value.So with in this month,the price of bitcoin will reach 13,000$.I had seen in crypto news,bitcoin will reach 15,000$ soon.This is due to the acceptance of bitcoin in American and UK Bank.This will happen so,the price of bitcoin will reach the moon.

[pereira4]

The longest term ceiling resistance since the $19,600 peak was broken on march 1 when it crossed the line and we were able to close the day at $11,500 which was what gave me confidence to call a long, and so far im doing great. Now we just need to get past $12,000 line and close above it and I would be ready to call $5,950 the bottom... many others agree with this view.


All the people that panic sold at the bottom will start getting back in and we will go barabolic again, probably $30,000 ish will be the next all time high if not higher.