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

[mia khalifa]

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 agree with you but chances are it's still able to go up again because it's still the beginning of the month we have to see it until the end of the year because the bitcoin rise will be at the peak when the end of the year.

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[timerland]

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

So far the strongest/most resistance is actually $11500-11800 which we have failed to breach on two attempts now. And that is obviously clearly mentioned in the article as well. We've been hanging around this $11k level for a few days, now.

While it could be possible that $12500 is going to be a strong resistance once we go over $12k, I think that we need to get to the top half of the $11000 region first before speculating on any further resistances. That, in essence is the first hurdle.

I personally expect though that the $12.5k resistance be lower than what the $11500 resistance is presenting us right now, as well as $12k. The momentum when BTC gets over $12k which has been resistance last month will mean that it'll get pushed over $12.5k quite easily.

[Pursuer]

whatever price the resistance is staying at, the most important thing to remember is how the price has been performing in the past month (~27 days) ever since the big bottom was reached!
we have been having a nice uptrend forming up. each time price rises to a new high which is higher than the previous one and then a correction occurs and the price that it drops down to is higher than the previous low. and with this higher highs and higher lows we are seeing a very nice uptrend.
even the bigger drop during 20-26 of February can be considered a temporary set back on this uptrend.

[amaydel]

Seems agreeable because bitcoin is just hovering in the 10,000$ to 11,000$ mark. Looks like there is a resistance already at 12,000$ but we just don't know it'll break this month because i know bitcoin is full of surprises.

[EdenHazard]

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.

difficult time now for anybody who restart the buyback after have to hanging around $8k to $12k and bought at the ath price. if you look at the charts you will feel it is like the chart of bitcoin market in early 2015 where it gets doubled by the end of the year.

if this is a repetition i think that the next stop should be in $30k or so and won't drop below $12k soon.

[stompix]

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

Well, here is one more name to add to my list of experts that are proven totally wrong in less than 3 days.

Seems agreeable because bitcoin is just hovering in the 10,000$ to 11,000$ mark. Looks like there is a resistance already at 12,000$ but we just don't know it'll break this month because i know bitcoin is full of surprises.

That's exactly why trying to guess the price or resistance levels is one futile attempt.
And betting your saving on this makes it only worse.

I've quit totally trading since 6 months ago, haven't put up one single trade apart from selling a few mbits for cash for expenses and it was probably the best thing  I've ever done.

I can look at the red charts and say...yeah...not nice, without actually gibing a damn.
HODLing is the best.