BTC next Movement.........

[Lasky366]

BTC / USD Technical Analysis

In the Recent BTC Chart shown it will try To pullback from the zone or demand zone . Although the trend is Bearish. So in my opinion the demand zones will continue to break down And a little rising movement can be seen in the zone And can dump up to a maximum of 8700 Then a good pump can be expected from there.

Let's see how this goes......

[1715050477]

1715050477

[jackg]

I'm uncertain about the next movements with bitcoin still and the charts look void of support until the 7000 region after 8700 so if we go through it we might have far to fall.

On the upside, there's talk of another stupid gap at 11.9k afaik that may end up being filled like all the rest seemed to (although these gaps seem a lot like people trying to clutch to what they have when they run out of other ideas to trade on)...

[Oasisman]

Well, to be honest It's good to see a price dump in a $7,000 or $8,000 region, because this is a perfect opportunity to accumulate more before everything recovers from the pandemic. Certainly, Bitcoin is bound to be in a bull season sooner or later.
A good dump will always have a corresponding good pump, specially when everyone is so optimistic about the post halving price.

Let's just see what will be the next Bitcoin movements.

[NeuroticFish]

the trend is Bearish

Actually right now the trend is neither bullish nor bearish. So you have 50% chance to be correct with the general short-term trend in your chart (basically because anything can happen).

[Jating]

the trend is Bearish

Actually right now the trend is neither bullish nor bearish. So you have 50% chance to be correct with the general short-term trend in your chart (basically because anything can happen).

Right, we are just trading sideways, so this pattern might go on for weeks or months before another break out could happen.

I do agree though that in order to get the price to somewhat increase, it needed another correction and see how low can we get before expecting another bounce back. We already started this week and so far no break out run (either going up or down) is on the horizon.

[Natalim]

Thank you for that TA, well, if Bitcoin will drop, it's just normal as bitcoin has been moving sideways lately.
And if it's for the preparation of a bullish run, I am hoping that will happen,..

All our prediction could be right or wrong only, but for me, I see that the market this year is overall bullish.

[sheenshane]

That is a normal fluctuation of Bitcoin price, the volatility makes Bitcoin price zigzag motion.

That might be true but for sure there will be resistance if that also will happen that is a good point to accumulate some Bitcoin again and hold.
To be honest, I don't to give an opinion if there is prediction about the bearish trend, because I always think that we are always bullish and it should pick season since halving was already done.

What about this prediction? Analyst Predicts Next Bull Run Will Send Bitcoin to $150K and Ether to $9K. Anyway, thank you for showing your nice TA.

[Ridwan Fauzi]

Bitcoin's price has been consolidating for one week after the price went up to $10,400 and dropped to $9200 and now its price is being traded at $9700.

And we don't know exactly what will happen next because if we see in the fundamental side bitcoin should be bullish, there are a lot of good information comes.

But I made a rough conclusion, if bitcoin price goes below $9200 I'll expect bitcoin price will dump and if bitcoin price goes up to $10.500 then I'll expect bitcoin price will find another all-time high.

[jossiel]

the trend is Bearish

Actually right now the trend is neither bullish nor bearish. So you have 50% chance to be correct with the general short-term trend in your chart (basically because anything can happen).

I'm also thinking of this right now. I thought the sentiment of the market is with bullish since it's broken $10,000 and when it started to correct, then our thoughts was into bearish.

So, this is correct.

It's just par bullish and bearish.

[YOSHIE]

Let's see how this goes......

I can say Bitcoin right now, including the crypto category that survived during the pandemic, I think Bitcoin might be the next and future to become a crypto that is still traded by many people, with this condition only a few sectors survive in the global crypto market.

But with this situation it seems that the power of Bitcoin or crypto as a whole, bitcoin will have a positive impact.
For this time in the recovery of the price of Bitcoin has not been stable in recent weeks, $10,000 is still determined by the congestion zone, so this has not been a definite support for the moment against Bitcoin, I'm sure Bitcoin can go beyond current zone numbers.

[LUCKMCFLY]

Well, I think that to be a bearish you need a more exhaustive analysis of the volume, if we go only to the chart level only, some patterns may fail, in my view of the market I think that it increases to test the offer and if there is a lot of the price falls, But the effect of the fundamental Covid-19 is happening, which leads to investors having more confidence in Bitcoin, and in some ways this is very positive.

[tbterryboy]

Bitcoin prices are over staying around $9700 regions for longer duration than any other levels which makes to think about "uncertainty" of what is going to happen next. Usually sustaining prices are clear indication of bull markets but this time it looks like bulls are unable to hold above $10k levels which must be the indication for short term pull back.

Probably bulls need more power which means they may start their rally again from $9000 level afresh. I am not seeing any further fall down will be imminent because psychologically traders already got ready to have bitcoin prices above $10k but due to pandemic triggered slow economy could be a reason for not to be trading above $10k levels right now hence 10% down could be meaning full and anything else more than that will not sustain.

[SquallLeonhart]

Well, the biggest trouble is no matter which direction you look at the charts, no matter how well you know your indicators, no matter how well you can read the future, the price of bitcoin all depends on the people with money, either bitcoin or fiat, they are the ones who decide it. There is no indicator of me deciding to sell, nor for me to buy, which means markets could never predict whenever I will want to buy or sell.

Obviously that is why bitcoin price is so volatile, it does move up and down with insane spreads since it could never be predicted and people are following whatever bandwagon we have at that moment. Hopefully we will go up, I have a big saved aside and I have been wanting to cash out and buy some stuff for a while but I will wait until at least $12k.

[cabron]

I thought it would go up continuously after it hit 10K but it seems a crucial indicator for bulls if it crosses that resistance. It doesn't really look like its a bearish move to me, its more like sideways only. It might just drop a bit in the next few days but will spike after. Once its going to cross that 10K again then the price might stay 10K for weeks.

Well, the biggest trouble is no matter which direction you look at the charts, no matter how well you know your indicators, no matter how well you can read the future, the price of bitcoin all depends on the people with money, either bitcoin or fiat, they are the ones who decide it. There is no indicator of me deciding to sell, nor for me to buy, which means markets could never predict whenever I will want to buy or sell.

Obviously that is why bitcoin price is so volatile, it does move up and down with insane spreads since it could never be predicted and people are following whatever bandwagon we have at that moment. Hopefully we will go up, I have a big saved aside and I have been wanting to cash out and buy some stuff for a while but I will wait until at least $12k.

More likely saying its all manipulated. Of course it is.

[Yaunfitda]

Well, the biggest trouble is no matter which direction you look at the charts, no matter how well you know your indicators, no matter how well you can read the future, the price of bitcoin all depends on the people with money, either bitcoin or fiat, they are the ones who decide it. There is no indicator of me deciding to sell, nor for me to buy, which means markets could never predict whenever I will want to buy or sell.

Supply and demand.

Obviously that is why bitcoin price is so volatile, it does move up and down with insane spreads since it could never be predicted and people are following whatever bandwagon we have at that moment. Hopefully we will go up, I have a big saved aside and I have been wanting to cash out and buy some stuff for a while but I will wait until at least $12k.

Bitcoin is a good asset, but people tend to forgot how unstable it is. We all do love to see TA in this community, but as the saying goes, there's no guarantee as where the price will go, so for me there are only two likely scenarios: either go up or go down. TA will just validated the facts, let's see if it can get to $12k.

[Harlot]

The price of Bitcoin right now just made your price forecast for Bitcoin invalid. You were basically showing that there was a resistance level just above the 9,600$ level where Bitcoin "failed" when it re-tested it well now Bitcoin's price is currently 9,759$ in Preev which just shows that we aren't in any kind of downtrend as of the moment but in fact we are still consolidating in the mid to high 9,000$ level. Also if you are trying to point out a head and shoulder pattern I believe that it is getting invalidated by the day since Bitcoin hasn't been below in the 9,000$ for a long time now. I hope you are just really analyzing the chart here and is not spreading FUD for the members to start panicking.

[jackg]

The price of Bitcoin right now just made your price forecast for Bitcoin invalid. You were basically showing that there was a resistance level just above the 9,600$ level where Bitcoin "failed" when it re-tested it well now Bitcoin's price is currently 9,759$ in Preev which just shows that we aren't in any kind of downtrend as of the moment but in fact we are still consolidating in the mid to high 9,000$ level.

I think you should probably analyse it as him saying this COULD happen SOMETIME in the future, most TA aren't saying it's going to happen straight away. The CME futures gap people kept going on about took 6 months to fill a while ago for example, it doesn't exactly mean suggesting that was invalid it means that it wasn't at that particular time.

Also if you are trying to point out a head and shoulder pattern I believe that it is getting invalidated by the day since Bitcoin hasn't been below in the 9,000$ for a long time now.

I think if this looks like a head and shoulders (which was pointed out on another thread here), we're still firmly in the head part and await the next shoulder.

I hope you are just really analyzing the chart here and is not spreading FUD for the members to start panicking.

I assume that's what they're doing, some TA is helpful even if not directly in trying to get others to understand something about doing it themselves if they don't know what they're doing.

There's enough FUD in both directions though (up and down) which may partially be what's causing us to move sideways, no group atm are making a decisive claim of us going up or down atm.

I do like these threads, they're quite helpful at determining peoples' sentiment on the current market also...

[adaseb]

I am giving you a merit because unlike most of the threads in the speculation sections yours actually includes a chart and you sort of know what you are talking about. I agree with most of the demand areas you drew, however keep in mind this is crypto and usually what happens if the first demand area doesn't hold then either will the other 2.

Most like it will drop further or it will form a demand area somewhere else either front-running one of the others. These supply and demand areas seem to work best in forex or stocks but in crypto there are many traps in areas such as those. There is still a chance we might retest $10000 one more time and if it doesn't break this time then most likely we will head to the $8K area again.

[Lasky366]

I am giving you a merit because unlike most of the threads in the speculation sections yours actually includes a chart and you sort of know what you are talking about. I agree with most of the demand areas you drew, however keep in mind this is crypto and usually what happens if the first demand area doesn't hold then either will the other 2.

Most like it will drop further or it will form a demand area somewhere else either front-running one of the others. These supply and demand areas seem to work best in forex or stocks but in crypto there are many traps in areas such as those. There is still a chance we might retest $10000 one more time and if it doesn't break this time then most likely we will head to the $8K area again.

Well thank you for giving that. Truly speaking I always publish any of my spectulation or even anything I try to show through chart or picture for better understanding. And Funny thing is I get my 1st merit posting Spectulation & that is from you.
here is some example :

https://bitcointalk.org/index.php?topic=631891.msg54068442#msg54068442

https://bitcointalk.org/index.php?topic=5251909

https://bitcointalk.org/index.php?topic=5251496

https://bitcointalk.org/index.php?topic=5250509

https://bitcointalk.org/index.php?topic=5249037

https://bitcointalk.org/index.php?topic=5248121

https://bitcointalk.org/index.php?topic=5246820

https://bitcointalk.org/index.php?topic=5246655



Yeah that could happen. Its very much possible. This is been several try but couldn't breakedout  Let see..How this goes folk

[mithun303]

Bitcoin price has been consolidating for the last week. One week ago the next move reck of the cryptocurrency denomination, After bitcoin movement is anthropophagous, Because next day i mean june 30 bitcoin price $10000 up i think. Now i look forward a useful price activity some time within the next day.