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

[Paycoinzzz]

Yesterday the price of BTC re-tested the $ 10k zone and it continued to be a strong resistance area. Now it continues to trade at $ 9k8 and is still sideway there. In the near future, I still think that the price of bitcoin will plummet once again to about $ 7k8 and then grow again. The weekly candle is showing that and we just need to wait for a good time to make Big short and win big.

[el kaka22]

We may see $8700 region once again as per your analysis? I am little disappointed because I do not have any savings left to add some more bitcoins at those dips . I guess people like me are who are not opting to sell to catch short term pull backs may got nothing to do with these kind of analysis unless otherwise there would be a surprise bonus from regular job.

In between, I am not seeing $9000 to be broken but I had lots of experiences where all my analysis got proven wrong even I tried to speculate as per psychologies of traders and investors. After testing above $10k for 2 times, $9000 should remain a stronger support region, let's watch how market reacts on these pandemic times.

[STT]

Its not a confirmed bear trend, we've only just entered the boundaries of suggesting a bullish trend may have altered or no longer be the case.   If the market were to reverse the recent move by Sunday it would be erased pretty much and continue on as if it didnt happen.
  I dont think that happens but its very possible we confirm the break, so I do expect price to rise from beginning of today and maybe further.   Next week we might see proper negative action, ideally I could enter this short on late Sunday but not sure I would time it right tbh.

[Oasisman]

In between, I am not seeing $9000 to be broken but I had lots of experiences where all my analysis got proven wrong even I tried to speculate as per psychologies of traders and investors. After testing above $10k for 2 times, $9000 should remain a stronger support region, let's watch how market reacts on these pandemic times.

When speculating we must find first any relevant events that could potentially influence the price of Bitcoin, before speculating on the market sentiments. Charts might become useless if we purely base our speculations on the price movements. However, If there are a lot of people who are following a certain TA, then that would as well influence the price.

The pandemic will be staying for a while until there's no vaccine and this will be one of a few major reason for Bitcoin to hold onto a certain region, or worse fall again.

[fabiorem]

The trend is bearish, because now we have something called Bitmex, determining how the market moves.

[carlfebz2]

The trend is bearish, because now we have something called Bitmex, determining how the market moves.

No platform or analysis out there that can give out precise predictions towards bitcoin movement.It all matters with demand and some mix of fomo and fud, this is why its always been an unpredictable stuff.

We have seen the waves for this week, it might not really big in numbers of changes but we are tanking or hovering around between 9k and 10k price. Next move?

Neither of the two because price might able to break resistance and supports on next hour,day or into the next.

[KTChampions]

I am not based on TA, but on fundamental analysis, but in this case I agree with the author of the starting post. It seems to me that the economy has begun to experience the influence of long-term crisis factors and this will directly affect the price of bitcoin. The stock market experienced a correction, even with the unlimited support of governments. In the case of bitcoin, a tougher scenario is very likely.

[fabiorem]

The trend is bearish, because now we have something called Bitmex, determining how the market moves.

No platform or analysis out there that can give out precise predictions towards bitcoin movement.It all matters with demand and some mix of fomo and fud, this is why its always been an unpredictable stuff.

We have seen the waves for this week, it might not really big in numbers of changes but we are tanking or hovering around between 9k and 10k price. Next move?

Neither of the two because price might able to break resistance and supports on next hour,day or into the next.

I've never seem derivatives causing a bullish movement.
If I see Bitmex pumping the price some day, I will not have any problem in saying I was wrong.
But until then, the sole purpose of derivatives and "legitimation" is to destroy the project.

[LogitechMouse]

That TA that posted by the OP can be possible too.

The only indicator for me that will tell if the trend reverses from bullish into bearish already is the 200 Daily MA which is now sitting at around ~$8200 and this is a huge support for me. The resistance of Bitcoin right now is its previous high which is near the $10,200 price.

[FanEagle]

People are too afraid after the prices fell down today and I totally understand the logic, I would be scared too if I didn't see this too many times in a row. However I have been here long enough to know that when bitcoin wants to drop it drops, you can't stop it, you can't slow it down, whenever it wants to drop it drops. The thing about bitcoin not going down or up is the fact that usually that means it is pondering, the investors and traders are all just checking what would be the best way to go.

There is really not that much money to be made from either direction right now, whenever there is too much futures in one side they go other side because that way you can definitely get the money of everyone else on the other side, but right now it is all staying around the same looking at each other.

[Farma]

after a decline of almost $ 8k, the price of bitcoin returned to $ 9500. it's good enough for those who realize and utilize the moment. so far, I can only assume that the price of bitcoin is very stable at $ 9000. if there is a decrease in price, maybe the price will approach the price of $ 8k as it just happened, and if there is an increase in price, the price can approach the price of $ 10k, but I think it's not the time for the price of bitcoin to reach that level.

[STT]

The way these lines squeeze together and on the low we try to breach 50 day average but return right back up here.   This could breed complacency in the ranks I think, yes its staying up but why sideways and why resist building on this bounce each time.   I think its losing energy but once again I have to watch and learn before I can really see which conclusion is correct because sideways means anything is possible.
  I do speculate the next movement is downwards but I just imagine many take profits after gaining previously not that it lasts down exactly.   



A proper build would keep above the surface of these averages, we are below and price action has something prove still.   Its battle between short term where we are a bit worn out and 50 day which includes momentum of the spring recovery.

[GreatArkansas]

Nice chart OP!
What I am observing now on Bitcoin is its momentum.
If you will check the RSI of it, we are still not oversold and not overbought, we are still neutral.
For me, we still have more room for upside price actions, especially we got a divergence on RSI, good news for Bitcoin.

[rhomelmabini]

What I am observing now on Bitcoin is its momentum.

By the first week of July if we rely on the RSI. How about the weekly chart of it? Long run I think we are going downward that's what I speculate that will happen for Bitcoin, I'm not that bullish within this year.

[pooya87]

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.

the problem is that most people like OP seem to define being "bullish" in bitcoin as price going up constantly and every day in at least 20% sizes and if anything other than that happens they call that "bearish". the reality is that the market trends are not just these 2! believe it or not there are a lot more in between the two.
i disagree with the sentiment being bullish though, the sentiment in my opinion is greatly undecided. that is why most investors are currently waiting for a signal (a breakout) to start buying. which is also why we see big jumps with a lot of FOMO right after these sideways trends end every single time.

[Kemarit]

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.

the problem is that most people like OP seem to define being "bullish" in bitcoin as price going up constantly and every day in at least 20% sizes and if anything other than that happens they call that "bearish". the reality is that the market trends are not just these 2! believe it or not there are a lot more in between the two.
i disagree with the sentiment being bullish though, the sentiment in my opinion is greatly undecided. that is why most investors are currently waiting for a signal (a breakout) to start buying. which is also why we see big jumps with a lot of FOMO right after these sideways trends end every single time.

And in the case of the market situation right now, we are somewhat in the middle, neutral grounds. No one wants to make a move, everyone is undecided, just waiting for the perfect opportunity to either sell or buy.

So what we should wait is another break out run here. If the price goes up, then there will be FOMO, calling the top at $10,500-$11,00, bullish sentiments, LOL.

[LUCKMCFLY]

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......

In various analyzes that I have seen on many platforms and some articles, they currently talk about the lateralization of the price, it can go up or down, some see that the price is most likely to rise, due to the halving effect, and due to the weakness that money fiat worldwide is being presented. Although what the masses think about the market is often the opposite, the market is like that.

[bearexin]

Hopefully by late 2020 we will see another drastic increase. Last time this happened the increase was around December remember? Because most of the time people spend a lot of money during summer and this summer it will probably be even more because nobody went outside for a long time and even though the virus is still out there it was already very difficult to keep people inside for 3 months (both economically and emotionally) and that means everyone will be able to go outside after 3 months and I am sure they will spend a significant amount of money.

It means they will not be able to save and put money aside and buy bitcoin. However, when it is November/December they will be back and they will start saving up and buying again which will definitely increase the price.

[Cherylstar86]

Hopefully by late 2020 we will see another drastic increase. Last time this happened the increase was around December remember? Because most of the time people spend a lot of money during summer and this summer it will probably be even more because nobody went outside for a long time and even though the virus is still out there it was already very difficult to keep people inside for 3 months (both economically and emotionally) and that means everyone will be able to go outside after 3 months and I am sure they will spend a significant amount of money.

It means they will not be able to save and put money aside and buy bitcoin. However, when it is November/December they will be back and they will start saving up and buying again which will definitely increase the price.

I see the reality of your statement my friend, and that's the most usual mindset of every investors right now. That's really difficult to move on forward, since the market still remain unstable and kept fluctuating nearly down. Many people had lost their funds due to pandemic reasons, so it's temporarily having a huge impact to emotional and financial aspects of life.

[arwin100]

Hopefully by late 2020 we will see another drastic increase. Last time this happened the increase was around December remember? Because most of the time people spend a lot of money during summer and this summer it will probably be even more because nobody went outside for a long time and even though the virus is still out there it was already very difficult to keep people inside for 3 months (both economically and emotionally) and that means everyone will be able to go outside after 3 months and I am sure they will spend a significant amount of money.

It means they will not be able to save and put money aside and buy bitcoin. However, when it is November/December they will be back and they will start saving up and buying again which will definitely increase the price.

I see the reality of your statement my friend, and that's the most usual mindset of every investors right now. That's really difficult to move on forward, since the market still remain unstable and kept fluctuating nearly down. Many people had lost their funds due to pandemic reasons, so it's temporarily having a huge impact to emotional and financial aspects of life.

They lose their money just because majority lose their jobs and I don't think they lose it with bitcoins since so far the price is quietly stabilized at $9,000 and people who trade short are lucky person since imagine how many fluctuating opportunity has passed and for sure many people are earning good with that if they ride with it correctly.