Bitcoin support levels

[Cacingkemi]

not long ago the price of bitcoin fell below $ 6400 and the price went up again, it seems like buying support at that price is very strong so it is not easily penetrated let alone go down below it too long, in my opinion at this time is the right time to trade, soon we welcome the year 2020 hopefully it will be even better

We hope that Bitcoin market is better but it seems Bitcoin downtrend will continue.  Analyst may say that Bitcoin may rally because of some divergence forming but the fact that the chart looks like the downtrend will continue still remain.  I think for now we should be happy that Bitcoin is going sideways.

right now we are in 2020 where the best time has really come, we will really see where the whales are playing with all of us here, so I'm not sure about prices going down more than before, bitcoin will answer everyone's questions, what is this it's time to get a better price than last year, hope buy support will come soon waiting for them new people to come with money

agree with you, I can assume the decline in market prices will not last long at the previous price, there is a possibility that there will be an increase in market prices, so as to be able to cause a slight increase in the first quarter of this year.

[1714953751]

1714953751

[Wexlike]

not long ago the price of bitcoin fell below $ 6400 and the price went up again, it seems like buying support at that price is very strong so it is not easily penetrated let alone go down below it too long, in my opinion at this time is the right time to trade, soon we welcome the year 2020 hopefully it will be even better

We hope that Bitcoin market is better but it seems Bitcoin downtrend will continue.  Analyst may say that Bitcoin may rally because of some divergence forming but the fact that the chart looks like the downtrend will continue still remain.  I think for now we should be happy that Bitcoin is going sideways.

right now we are in 2020 where the best time has really come, we will really see where the whales are playing with all of us here, so I'm not sure about prices going down more than before, bitcoin will answer everyone's questions, what is this it's time to get a better price than last year, hope buy support will come soon waiting for them new people to come with money

agree with you, I can assume the decline in market prices will not last long at the previous price, there is a possibility that there will be an increase in market prices, so as to be able to cause a slight increase in the first quarter of this year.

In case of true support price ranges, I love to look at the yearly loves over the long term:

[SummerBliss]

Right now the most important support level is that of $6700. It has enough volume for bulls to sustain in case it gets tested again. But if breached, price gonna go for a downward spiral and it will be a bloody day for the altcoins as well which are already testing their all time lows.
But Bitcoin has been successfully defending the support and looking for breaching the resistance of $7560. That if breached can take the price to $9000s.

[buwaytress]

It's hard to think of the price stopping at $5800 when we get to dip under the $6000 level. I'm confident that it will be a quicky to low $5000's in case we do have more weak hands to shake out. The 200 weekly MA is a magnet and will be where I go balls deep one more time. Currently it's hovering just under $5100 and moving up week after week.

That being said, too many people aim at sub $6000 levels currently, which only makes it less likely to actually happen. Of course, dumb money can be right too just by luck, but in general, they are wrong far more often than right, and that makes me a tiny bit more bullish.

Absolutely, I might go for 5,500 but once you've lost 6k, it's just that much more of a psychological blow for it to simply rest at 5800. In fact, once 6k goes, and even 5,5k, I'd be expecting a full blown sub-5k effort to dip all the way down to 4k as I said above -- but only just to stop there. Again, psychology will prevent us going back to last year's low, that's fully in sync so far with your 200 MA, and while I don't believe in technicals, I believe in psychology and there's our convergence.

[STT]

Its always a measure of momentum vs these ideas of resistance and support.   People dont have to turn up just because a number appears, its just the idea of the market having a memory.   I try not to carve anything into stone when I remember BTC isnt one nation, its the many collected currencies of the entire globe and every person sees the price in their own currency to some extent not just Dollar.
   This is part of the mistake of those who keep writing off Bitcoin as if its nothing, great for them in their riches with multiple choices at their fingertips but many nations have no reliable currency and the people are distant from Dollar source, BTC is invaluable to some.  So for sure there are always buyers who need this project to succeed.   We can have a bull run at any time imo.
   Numbers matter but I want to keep track of momentum to have any accuracy.   Right now BTC is drifting, its been sideways for a while.  So I watch movement, does it cross this line and if so will it maintain that over days not just hours.



Here is the two day average in blue, its a very small short term measure but we have to be staying above that to consider accumulating into anything grander.   I do wonder as BTC might be breaking the trend since July but its quiet as a church mouse right now.

[Silberman]

It may not go below 6k anymroe. That may have been the last time we will see it.
Lucky are those who have bought some bitcoins at that time. I really hoped I did but I am too busy with things and didn't even looked at the bitcoin price.
As I checked it, sadly it was already back to $7k+.

There is an event getting near which is called the halving and as days pass by we might see more pumps that will happen for people will be buying back.

Yesterday there was a new attempt by the bears to make the price to go down and the bulls gave them no chance and now we are moving between 7200 and 7300, it is possible we are already experimenting the effects of the halving since that was too quick and it is possible investors are already taking their positions to the expected positive movement the halving could bring, but if that does not happen then get prepared as the price will most likely begin to go down once again.

[atjiat]

It may not go below 6k anymroe. That may have been the last time we will see it.
Lucky are those who have bought some bitcoins at that time. I really hoped I did but I am too busy with things and didn't even looked at the bitcoin price.
As I checked it, sadly it was already back to $7k+.

There is an event getting near which is called the halving and as days pass by we might see more pumps that will happen for people will be buying back.

Yesterday there was a new attempt by the bears to make the price to go down and the bulls gave them no chance and now we are moving between 7200 and 7300, it is possible we are already experimenting the effects of the halving since that was too quick and it is possible investors are already taking their positions to the expected positive movement the halving could bring, but if that does not happen then get prepared as the price will most likely begin to go down once again.

Of course, I have not yet learned to analyze everything that is happening on the cryptocurrency market in full and therefore I use certain resources to obtain additional information.  Thus, according to the analysis of BITSTAMP, the Bitcoin price chart shows an increasing trend in the Global Triangle, which indicates that bitcoin can reach the next Highs in April 2020.  If this happens really, then from today we should expect positive results in the cryptocurrency market.