BITCOIN UPDATE AND TECHNICAL ANALYSIS

[Fantastickarl]

The bears are very much in control of bitcoin prices in this market. The price has went all the way down because of the recent decline in Bitcoin ETF and also the postponed bitcoin ETF in September. We await to hear positive news to see if prices can jack up significantly

[1713510339]

1713510339

[1713510339]

1713510339

[1713510339]

1713510339

[1713510339]

1713510339

[1713510339]

1713510339

[zahrah74]

In just a few days many people lose more than 15% of their money and we hope the BTC price will stabilize or will rise within a day and then we will get representation out there and will be the beginning of a bigger correction and not the end.

[leonix007]

The bears are very much in control of bitcoin prices in this market. The price has went all the way down because of the recent decline in Bitcoin ETF and also the postponed bitcoin ETF in September. We await to hear positive news to see if prices can jack up significantly

No its not

It went already down before the ETF Approval

and if you would notice seems like ETF disapproval is already expected

Price range still back to where it is before Aug22

some hints to consider despite of the badnews, it doesn't go low as expected

are we at the bottom yet?

 

[Soots]

The bears are very much in control of bitcoin prices in this market. The price has went all the way down because of the recent decline in Bitcoin ETF and also the postponed bitcoin ETF in September. We await to hear positive news to see if prices can jack up significantly

No its not

It went already down before the ETF Approval

and if you would notice seems like ETF disapproval is already expected

Price range still back to where it is before Aug22

some hints to consider despite of the badnews, it doesn't go low as expected

are we at the bottom yet?

 

As for me, it not mate because as of the few days gone by the price remain stable $6.2k and above. There's nothing to be worried about all sorts of fluctuations as long as it won't go down below $6k. We're going September and if there's a struggle from August, I think it's part of our journey towards profitable price increase. Let the bad news be bad, because we can't handle those crap minded people and it's their freedom.

[lulu28]

The SEC’s decision to delay their ruling on a Bitcoin ETF has understandably made news headlines as cryptocurrency traders and investors alike await the verdict in anticipation.

It has been stated that this recent drop in BTC price is attributed to this decision but it is our view that it was going to happen anyway.

Back in July the $8,400 could not hold and since then, we have been in a steady decline. This is what happens in markets of all types.

As stated in my previous post, $7,129 could not hold and we are still expecting price to go lower, possibly hitting the $6,770 level, although BTC is currently flirting with $6,840 and is meeting some resistance there. It was at this price point which triggered the recent BTC bounce.

Frankly speaking, crypto market is largely controlled by fundamental analysis and not technical. One single news can send the price to the peak and vice versa. This is the problem crypto have to contend with. However, I have a strong believe that crypto will triumph at the end. We should expect some bull run soon IMHO.

[pawanjain]

It's true that BTC is not being able to hold the higher prices as for now and personally I think it is just because of lack of enthusiasm in the people. A lot of people didn't even knew about SEC until a few months back. It's because of some people that everybody started giving it more attention than it needed. People were hoping that the bitcoin's price would increases because of SEC approval but as the news got delayed it turned out to give a negative impact on bitcoin's price and hence the price went lower than it actually was earlier.

[blackhawkeye1912]

BTC is stable for now, playing around $6200. Slowly but surely, BTC is building up momentum for the comjng of the bull market where most of the investors are positive about the market. SEC's decision on ETF itself is not directly affecting the price. It is the investors perception.

[bigdude]

SEC will never accept any ETF in near future. This happening for a few years already so don't need fear about it.
btw, about BTC price it will be dump soon
I think we'll see 1 more leg up here in this market bounce, then more blood for another week
looking to load longs around 6400s

[okocrypto]

It is really hard to predict the future of Bitcoin because most times, it does not respect technical analysis but fundamental. But one thing that is certain is that crypto will always triumph at the end of the day

[aervin11]

The SEC’s decision to delay their ruling on a Bitcoin ETF has understandably made news headlines as cryptocurrency traders and investors alike await the verdict in anticipation.

It has been stated that this recent drop in BTC price is attributed to this decision but it is our view that it was going to happen anyway.

Back in July the $8,400 could not hold and since then, we have been in a steady decline. This is what happens in markets of all types.

As stated in my previous post, $7,129 could not hold and we are still expecting price to go lower, possibly hitting the $6,770 level, although BTC is currently flirting with $6,840 and is meeting some resistance there. It was at this price point which triggered the recent BTC bounce.

At this moment, I didn't know why people is selling but I could determine that there is uncertainty that makes them sell on a lower price at a huge loss. At the moment of writing, bitcoin is traded at "$6,579.06" which is pretty near on your prediction and is expected to get lower because of the delayed final results for those 9 ETF's which is initially denied. We'll see how this could play but more of this, would be denied again and that would hurt, A LOT.

[jorgelugra]

I think that the btc is the best coin ever and the tehnical analysis will be able to update the situation. To my mind, the market will become green soon and we will enjoy the changes much