Btc buying safezone?

[Digital Mutant]

After 8 months of bear market and 70% down against Usd, bitcoin seems now changing its trend.
Is it a safezone for entering in bitcoin, expecially for newcomers waiting for a good entering point?
Do you think that bitcoin usd value can go lower? If technically we have broken resistence at 6800k, is it safe entering now for a long therm holding portfolio?

I think there's a lot of potencially newcomers in the crypto space that are waiting for the righ timing to enter in crypto and it would be of great help for them to listen to some OG based on its experience.

Thanks.

[Gozie51]

Breaking the $6,800 resistance yes is a good sign and another is there in $7,100. However, the increase in price can be as a result of the rush lately to buy, so boundaries can be broken with ease at the moment.

Traders can go on scalping at the moment in my view because we are in a "rush hour market" before market finally settles down.

[frowsiter]

I think we had many buy safe zones and continue to have more and more these days. I mean just look around you, this is not the first time bitcoin is up rising from the dead. It has resurrected many times and not just from the 6k or something but the lowest of 5.5 k use too. And it did reach the prices of 8.5K USD in between and thus showed us the support wall at that rate. However, the drama still continues and only time will tell where all this will end.

[Kemarit]

After 8 months of bear market and 70% down against Usd, bitcoin seems now changing its trend.
Is it a safezone for entering in bitcoin, expecially for newcomers waiting for a good entering point?
Do you think that bitcoin usd value can go lower? If technically we have broken resistence at 6800k, is it safe entering now for a long therm holding portfolio?

Technically, the best buying zone is around $5800 (last bottomed). Or when bitcoin was trading sideways around the $6300-$6500 price. However, if you look at the current price, its quite cheap so yes, I consider this a good entry point specially for noobs who are waiting to enter the market.

I think there's a lot of potencially newcomers in the crypto space that are waiting for the righ timing to enter in crypto and it would be of great help for them to listen to some OG based on its experience.

Thanks.

There's definitely a lot of potential investors who wanted to enter the market. Those speculators and noobs investors who got burned and exited when the price is free falling. So if those wanted to get back and at least re coup last losses this is the right time as bitcoin seems to be going to $7000 and have the potential to go even further.

[charlotte04]

After 8 months of bear market and 70% down against Usd, bitcoin seems now changing its trend.
Is it a safezone for entering in bitcoin, expecially for newcomers waiting for a good entering point?
Do you think that bitcoin usd value can go lower? If technically we have broken resistence at 6800k, is it safe entering now for a long therm holding portfolio?

I think there's a lot of potencially newcomers in the crypto space that are waiting for the righ timing to enter in crypto and it would be of great help for them to listen to some OG based on its experience.

Thanks.

Since  the daily chart of Bitcoin is at the uptrend then it is really good to buy now to gain some profits but be careful because Bitcoin may go down if things go wrong so use stop-loss.

[dungthuy]

Bitcoin breaks through $7k barrier which is a good sign for the recovery of crypto world. The last time bitcoin was over $7000 was back in early June. Today’s price jump appears practically as a vertical line on the 30-day bitcoin chart. Perhaps now we may be finally seeing glimpses of the light at the end of the bear tunnel but be careful because it is struggling and it would be wise to use stop loss in case the price fall again

[matchi2011]

Bitcoin breaks through $7k barrier which is a good sign for the recovery of crypto world. The last time bitcoin was over $7000 was back in early June. Today’s price jump appears practically as a vertical line on the 30-day bitcoin chart. Perhaps now we may be finally seeing glimpses of the light at the end of the bear tunnel but be careful because it is struggling and it would be wise to use stop loss in case the price fall again

Now it's a matter of wise decision making, the value still unsafe since still playing back and fort, better to play if you can fully adjust accordingly,
having stop and loss if you are shorting the market is very essentials, needs to avoid bigger loses and we have to be precise whether to hold and
wait or do some buy and sell to take opportunities.

[TheReverend]

i think yeah, already break resistance 7k usd, maybe btc will continue raising, i hope it will bounce to 10k soon.
then raise again to 20k, because after 7-8 month btc already lose their value.