Bitcoin Shows Resilience

[xcajun21]

despite all the speculation and TA and all the rest of them showing lower prices and people even wishing for them, the $6k price has been a very strong buy support which has stayed strong for a long time. it is now psychologically strong too as people see it as the bottom which price keeps on hitting and bouncing back from.
although there is a lot of dumps going on today specially among altcoins which is also influencing bitcoin price but we keep seeing this "resilience" which may not even be explainable for many.

Also 6550 was a strong support... How i see the market at the moment, is that the dangle news at the end of the rope that gives some incentive for the people to get into buying frenzy as coins gets extremely low, btc cannot keep up all these coins so they either sell into bitcoin and from there into fiat.

[JustinMoser]

Yes, the current market situation says this and I think it is a good reason thought he price is still low but I think positive changes starts so, price will also start rising soon.

[Leadership58]

It shows that market is depend on btc. I think bitcoin have the a capability to control the whole market. Currently  it have the good revolution. It plays as a market leader.

[Jumbo Crawlers]

"Hope to see piercing upper resistance line again!Bad news has less and less impact on
BTC so it’s a good sign."

[bp.comp69]

August 13: Crypto markets have today failed to sustain their short-lived recovery, with Ethereum (ETH) plummeting to a multi-month low below $300 and only a scant few altcoins spared from the widespread losses, as Coin360 data shows. Bitcoin (BTC) is seeing only minor losses on the day

yes indeed Bitcoin still shows its resilience until now the proof is Bitcoin is still the first among its users because of its very high value and its investment is very safe.

[GreenInformation547]

Almost all crypto's market are down now but few are still are on good possition and it is high time for them to being reliable and popular in crypto market.

[aryaadikariyansyahsuwarto]

I still hope that this mess will recover faster, because if I no longer hope that means despair, and I'm not the type of person who is easily discouraged, still waiting for some time to be happy seeing the bitcoin price chart that will continue to rise ... !!

[Jhonthor]

has been tested and is certain because bitcoin is like a foundation in the world of krypto

[jerick6]

Yes maybe but wasn't good enough. Many traders said that btc will collapse under 6,000 and it is bad news to us. As we observed,  the market this year is ridiculous.

[vuithoinha]

In the longer term, Bitcoin will increase sharply.
Short-term: After Bitcoin failed to break the $ 6,620 resistance against the dollar, it began to consolidate. The BTC / USD pair mainly trades above the $ 6,300 support level with swing motion. The final low of $ 6,302 before prices moved above $ 6,400 and the 100-simple moving average. Prices also broke the 50% retracement threshold of the last drop from a high of $ 6,618 to $ 6,302.

[Fred3030]

There will always be ups and downs of these currency as the day passes by but be rest assured there is no cause for alarm as they are simply showing the true characteristics of money. Bitcoin, in particular, will always bounce back no matter the market effect. As I have said before full recovery is near we are in the deepest deep right now.

[V1saya]

I am happy to see that bitcoin is holding in $6,000 despite of this Chinese tradition of ghost month. I am now more than optimistic that bitcoin recovers fast in the next months to comes. Just like what happened few years ago.

[baghdatis1990]

      Through the BTC resistance, we have the certainty that it is the king's currency on the crypto market and will remain so for many years. I am quite optimistic and I am convinced that in the future, Bitcoin will recover completely and will reach a new record high. We just have to wait. Etherum will also have big drops and increases on the market due to network problems.

[Suketlapangan]

yes ... the survival of bitcoin is not from its declining price or because it only crawls slowly this month, but from the existence of bitcoin in crypto right now ..

[Nolimitz84]

Yes, the market looks very sad.But we must not lose optimism and wait for a better time.In any case, the red color will be replaced by green.Believe and waiting for

[Fmradio98]

 emphatically trust that ETH will fall at some point or another due to its system issues. Individuals are suspecting that it will be crafted by EOS group or Chinese to build their EOS esteem. Then again, BTC simply commanding everything and slaughter proceeds.

[Silenox]

The 6k zone is a very strong support, has been tested several times and does not give way. The dominance of Bitcoin only tends to increase as long as the altcoins do not show any real use, which can somehow cope with what Bitcoin represents. No wonder Bitcoin reaches 60-70% market dominance by the end of the year if it has positive news.

[namcunguyen]

Altcoins and tokens have accelerated in April and May, but it will not be able to repeat the "super moon" in December.
Once enthusiasm disappears, money can flow back into Bitcoin. A new growth market can start with the BTC, which is still the most active currency, accounting for 30% of total transactions.
Ethereum (ETH) has become weaker, and now no other property promises to replace BTC, the fever for the top currency may soon reappear.

[darkangel11]

it's true that bitcoin shows its resilience, the proof of the highest bitcoin price, bitcoin has become an enthusiast to trade and bitcoin will be the king of all coins.

You've managed to fit the word bitcoin 4 times into a single, short sentence. Bravo!

It shows that market is depend on btc.

The market doesn't need to show that. It's something obvious that we all knew for years. Altcoin always were depending on BTC, but BTC never cared about any turmoil on altcoin markets.

has been tested and is certain because bitcoin is like a foundation in the world of krypto

The foundation trading a couple USD lower will not change anything. I don't believe that the current bottom has been proven beyond doubt.

[*kimcil*]

This shows that the market depends on btc. I think bitcoin has the ability to control the entire market.