bitcoin price analysis

[stryker]

Serious resistance levels of $ 9,200 and $ 9,800, in the vicinity of which the price has been going on for quite some time, have risen. Having reached the mark of $ 9 800, the rate fell sharply on the background
e multiple sales and profit-taking.
To continue the upward movement, you need to break through the resistance that has formed. In the event of a breakdown in the range of $ 9,800 - $ 10,000, an impulse movement to the area of ​​$ 11,700 should occur.

If the local support breaks down as low as possible, the price may drop to the area of ​​$ 8,400. A drop below this mark now seems unlikely, as bulls will use any drawdown of the price for purchases.

what do you think about the changes in bitcoin prices in the near future?

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[staywoke081]

Pretty much agree with you on everything except I think if we surpass $10k we won't rise astronomically quick to $11,700. I think the rise will be gradual as it has been these past 3-4 weeks here. Sometime in June I expect to be near 12k but not until then.

[GeorgiyBilyk]

Spring is always a period of growth! if you look at the last year, then the price rose until the summer! now you need to invest in bitcoin and the entire crypto world, because such sweet prices will no longer be! in the near future we will see the price for 10000! and this year I think there will be a new record for the price of bitcoin!

[darkangel11]

I agree with you OP and think this analysis is correct, although it's not really telling. It's obvious that if we break 10k there will be a huge spike upwards, while if we break 8600 and go down from there we may stop at 7800 USD. I think the market is bullish, even if some people don't see the reversal as final and confirmed. You can see it by the dips being very shallow and people unwilling to jump at selling after a decent rise upwards. The majority chooses to hold.

[BitcoinNewbie15]

I mean, Bitcoin has had some very strange price action this last two weeks. I would think we would be in the $7k range by now but I guess not. I think one final pump to $10k will happen, but the bear market is bound to continue I think.

[Pursuer]

the important thing you are missing in your numbers is that you are looking at the size of these numbers without paying attention to whether it is a big rise or drop or a small one. for example you say "... drop to $8400..." but you forget that a drop to $8400 from the upper resistance is just a 5-6% drop which is nothing for bitcoin.
as a matter of fact when talking about bitcoin fluctuations anything below 10% is still considered nothing and you can actually consider bitcoin to be stable as long as it is fluctuating within this percentage.

If the local support breaks down as low as possible, the price may drop to the area of ​​$ 8,400. A drop below this mark now seems unlikely, as bulls will use any drawdown of the price for purchases.

so a drop like this is as likely as anything else. most probably it won't last more than an hour if such drop happened but that still doesn't make it unlikely in my opinion.

[hase0278]

what do you think about the changes in bitcoin prices in the near future?

In the near future, I think bitcoin price will consolidate at some point in a good price range that will last for months. We might see silent moments on the market as the price moves up and down to the price range it will settle down. Although that is the case, the margin for that price range would not be profitable for day trades. Note: This might be wrong since this is only a speculation. This is not a financial advice.

[monalia]

Pretty much agree with you on everything except I think if we surpass $10k we won't rise astronomically quick to $11,700. I think the rise will be gradual as it has been these past 3-4 weeks here. Sometime in June I expect to be near 12k but not until then.

Many time Bitcoin price is analyse in this forum but no one is exactly predict the future possibilities so better we must hold for long term it will going to moon. June is the best time in Crypto market it will reach 15k USD also expected in end of the June.

[1Referee]

Many time Bitcoin price is analyse in this forum but no one is exactly predict the future possibilities so better we must hold for long term it will going to moon.

That's why this part of the forum is called the speculation section. At the end of the day, every market isn't predictable, so people just guess and hope that they are right, more can they not do. One time they are right, the other time they have to admit being wrong, it's all part of the game for short term traders. Long term speaking, there obviously isn't much to worry about, but that's not what most people care about; they want quick gains, and preferably rather today than tomorrow.

June is the best time in Crypto market it will reach 15k USD also expected in end of the June.

That's speculation too. And by who is it exactly expected? Self claimed experts and analysts? They also believed that we would have to reach $4000 first before bouncing back up, so you might want to take their predictions with a truckload of salt.

[marcuslong]

Pretty much agree with you on everything except I think if we surpass $10k we won't rise astronomically quick to $11,700. I think the rise will be gradual as it has been these past 3-4 weeks here. Sometime in June I expect to be near 12k but not until then.

I think there are some problem that bitcoin can in counter since india banned bitcoin by their bank it will affect the price by 2% decreasing we gonna pass this kind of situation since they're not really big impact in the market but once we already surpass the price of prediction price of coins get ready for the another trial where bitcoin can be decreasing again because we knew that lots of holders are waiting for the price of bitcoin to be increase so that they can sell there coins alreadyy to make a big profit.

[btc_angela]

Serious resistance levels of $ 9,200 and $ 9,800, in the vicinity of which the price has been going on for quite some time, have risen. Having reached the mark of $ 9 800, the rate fell sharply on the background
e multiple sales and profit-taking.
To continue the upward movement, you need to break through the resistance that has formed. In the event of a breakdown in the range of $ 9,800 - $ 10,000, an impulse movement to the area of ​​$ 11,700 should occur.

If the local support breaks down as low as possible, the price may drop to the area of ​​$ 8,400. A drop below this mark now seems unlikely, as bulls will use any drawdown of the price for purchases.

what do you think about the changes in bitcoin prices in the near future?

We have recovered from yesterday fall. Right now bitcoin is in the upward trend and we are in the $92xx levels after a sharp fell below $9K. Yes, resistance at $95xx and then $97xx is a big wall for now but I have no doubt that we can get over this hump in the next couple of days. And see the price try to test the $10K mark again. The question is that it is going to be sustainable or not? Only time can tell. For now let's see how the market will go and try to break the resistance that's in front of us.

[bobo012]

I dont care about current levels much, nor the supports or resistances. I am in this game for longer term, not looking at short time frame. It is important to me to stay cool headed and buy on the dips, sell into big pump to be able to buy back on pullbacks, big ones like we had from 19k to 6k.

[richardsNY]

I dont care about current levels much, nor the supports or resistances. I am in this game for longer term, not looking at short time frame. It is important to me to stay cool headed and buy on the dips, sell into big pump to be able to buy back on pullbacks, big ones like we had from 19k to 6k.

That's exactly what I am doing. My main goal is to end up with more Bitcoin than I had before, and that without exposing myself to everything the short term market brings with it. Longer term buy low sell high always works with how the market is guaranteed to correct from time to time, which serves as a perfect opportunity. Great thing with this longer term form of trading is that you can just relax and watch the market do its thing, where if the time is right months later, you cash out some of your profits to buy back once you think it bottomed. Trading the short term market is just too much for me. Too much risk, takes up too much of your time, too much stress, too much forcing yourself to trade regardless of the sentiment, etc.

[NeuroticFish]

Serious resistance levels of $ 9,200 and $ 9,800, in the vicinity of which the price has been going on for quite some time, have risen. Having reached the mark of $ 9 800, the rate fell sharply on the background
e multiple sales and profit-taking.
To continue the upward movement, you need to break through the resistance that has formed. In the event of a breakdown in the range of $ 9,800 - $ 10,000, an impulse movement to the area of ​​$ 11,700 should occur.

If the local support breaks down as low as possible, the price may drop to the area of ​​$ 8,400. A drop below this mark now seems unlikely, as bulls will use any drawdown of the price for purchases.

what do you think about the changes in bitcoin prices in the near future?

I find both $8400 and $9800 quite unlikely until Saturday at noon.
Some week-ends do big changes in the price and the next one may be of that category. I don't know if it'll break free or it'll fall again to under 9000. I feel like normally it should go upwards, but some manipulation seems to go on and the target seems to be to keep the price at this level a little longer, that's why I mentioned the under 9000 option too.

[exstasie]

If the local support breaks down as low as possible, the price may drop to the area of ​​$ 8,400. A drop below this mark now seems unlikely, as bulls will use any drawdown of the price for purchases.

what do you think about the changes in bitcoin prices in the near future?

The bands are getting tight on the 1-hour; we're coiling for a move.

We've also been consolidating for a week in the $8,650-$9,765 range, so we've formed a considerable mode. Once we break that range, we should continue trending for a while.

For that reason, I think we'll fall much further than your $8,400 if the range breaks downward. But for now, we're consolidating at the top of the 4-hour range, with two failed fishing expeditions to the downside. So I'm leaning bullish on this.

An upside breakout targets the $10,700 area for starters. Time to watch and wait.

[Ultegra134]

Serious resistance levels of $ 9,200 and $ 9,800, in the vicinity of which the price has been going on for quite some time, have risen. Having reached the mark of $ 9 800, the rate fell sharply on the background
e multiple sales and profit-taking.
To continue the upward movement, you need to break through the resistance that has formed. In the event of a breakdown in the range of $ 9,800 - $ 10,000, an impulse movement to the area of ​​$ 11,700 should occur.

If the local support breaks down as low as possible, the price may drop to the area of ​​$ 8,400. A drop below this mark now seems unlikely, as bulls will use any drawdown of the price for purchases.

what do you think about the changes in bitcoin prices in the near future?

A drop down to low $8.000's seems highly unlikely right now. The price has been relatively stable, fluctuating around high $8.000's and low $9.000's for the last few weeks. A sudden crash/drop in price should be expected after this many days of stability though. Bitcoin has started promoting a steady growth the last few months, I wouldn't really worry about the price anymore.

[timerland]

Serious resistance levels of $ 9,200 and $ 9,800, in the vicinity of which the price has been going on for quite some time, have risen. Having reached the mark of $ 9 800, the rate fell sharply on the background
e multiple sales and profit-taking.
To continue the upward movement, you need to break through the resistance that has formed. In the event of a breakdown in the range of $ 9,800 - $ 10,000, an impulse movement to the area of ​​$ 11,700 should occur.

If the local support breaks down as low as possible, the price may drop to the area of ​​$ 8,400. A drop below this mark now seems unlikely, as bulls will use any drawdown of the price for purchases.

what do you think about the changes in bitcoin prices in the near future?

For now, I think it'll be hard for bitcoin to reach up to $10k+ levels.

It's much more likely that resistance at the $9500-9800 proves too strong, especially when bitcoin has already tried to test these levels many times without much success. You're right, though, the support is quite high still regardless of how strong the resistance seems to be right now, which means that if a correction comes, it would most likely happen quite slowly.

I'm still doubtful in regards to this being the end of the bear market. Much more likely to see serious adjustments down to the previous lows.

[exstasie]

For now, I think it'll be hard for bitcoin to reach up to $10k+ levels.

It's much more likely that resistance at the $9500-9800 proves too strong, especially when bitcoin has already tried to test these levels many times without much success.

We'll see. To my eyes, it looks like we're preparing for a test of $10,000. It seems like another bullish consolidation:



There's no reason to fight the short term trend until proven otherwise. If price holds below that breakout level ~ $9,300 then it's a pretty obvious failure.

For now, I see no reason to stray from my earlier opinion. We're still waiting for the range to officially break; we only wicked through the $9,765 level. But consolidating near the top is a bullish sign.

[richminded]

Pretty much agree with you on everything except I think if we surpass $10k we won't rise astronomically quick to $11,700. I think the rise will be gradual as it has been these past 3-4 weeks here. Sometime in June I expect to be near 12k but not until then.

There must be a strong volume to break the resistance and sustain the level so we can see the pice at a higher level. But its really takes time before the price to go up high. I just hope for some big news this month of may so the bullish pattern will continue.

[adzino]

Pretty much agree with you on everything except I think if we surpass $10k we won't rise astronomically quick to $11,700. I think the rise will be gradual as it has been these past 3-4 weeks here. Sometime in June I expect to be near 12k but not until then.

There must be a strong volume to break the resistance and sustain the level so we can see the pice at a higher level. But its really takes time before the price to go up high. I just hope for some big news this month of may so the bullish pattern will continue.

Rather not expect some "news" to cause the price to go up. Just a gradual rise is totally fine and that is what we all want. No hurry at all. The sudden rise in the price due to some "good news" is just temporary which is then followed by a huge correction. This correction is what misleads people to think that the price is starting to fall.