No Resistance From $30K-$40K?

[tokeweed]

^  This run currently feels like 2013 when it went from 100 USD to 1000 USD than 2017's run imo.  There are lots of people who are at the wrong side or outside of it.  Including me.  Fml.  

[snipie]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

I cannot believe what I am seeing right now, I left the price hovering around $29k yesterday to find it $31k before few hours and almost $33k now!! Wake me up please or wait don't wake me, lemme enjoy the moment

[STT]

According to the round numbers theory, $40K would be the next predictable resistance after $30K.

Whoah there   I reckon we got to qualify 30k still as we pass on a weekend not all market participants are involved yet and yea theres nothing to push back here except the gradual drip of sales from actual long term holders.   People have bills and circumstances especially this last year which means they have a use for dollars (or those services, taxes demanding usd) exchanged for BTC so that will happen and then of course we have the new buyers but also people more likely to sell near term as well.     Weakness in pricing wont be apparent till we test it , so in a froth situation it'll keep expanding till heat simmers down some.

It could goto 50k for all I know, people did speak big of possible gains for this wider time frame of say 3 years or so.   I dont disagree but I dont see why it should occur so simply all at once and in one direction.   Just a basic recollection of 2017 was that it involved horrible sell offs, I dont see how we removed that process its there still I reckon.

https://www.investopedia.com/articles/trading/05/playinggaps.asp

[Akiko]

^  This run currently feels like 2013 when it went from 100 USD to 1000 USD than 2017's run imo.  There are lots of people who are at the wrong side or outside of it.  Including me.  Fml.  

For me it is the same as 2016 when there is also halving happen in that year the market waking up and being crazy for the whole year and continued to do so in the following year which is 2017 its a mirror of what we see right now in bit coin price movement .if you go back to that time you will see the last price of btc after breaking its ATH which is that time is only 1k$. It is also possible that we can see a whole year bull market with slightly correction. That correction will help to always test the new resistance.

[magneto]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

Complete baloney without any analysis.

People are FOMOing right now for no apparent reason. These % gains are simply too good to be true to remain. I suspect that a ton of people are currently levered up and a long squeeze could occur if there was to be a correction incoming.

These bull markets simply don't exhaust themselves in one go. They do so in phases, bit by bit.

I'd say expect a major adjustment as opposed to an uninterrupted runup to $40k over the next month or so.

[Fredomago]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

The Strongest Barricade is the 25,000$ in which we can see How hard that bitcoin made it passed, for how many attempt Failure comes but Finally We made it.

And 25,000 to 30k is Just a Peanut even the 30,33k reached just for 1 day.

actually even the 40-50k seems there is no Hard resistance so The opportunity of taking this in 2021 is there.

[JimboToronto]

First of all watching someone over youtube and believing them on financial stuff is bad idea. Market research is always indeed needed.

Amen.

Youtube is for morons, by morons. Its only value is comedy.

Ignore anything you see on Youtube. It's almost as bad as TV.
_____

As we saw today there was lots of resistance between $30k and $40k, enough to drop the price by $3k at one point.

[adaseb]

People on youtube will say anything or do anything to get views. I remember back in 2017, there were these kids who had a car channel. It was called JR garage or something. Then when Crypto went big they decided to start shilling alt-coins they knew nothing about. You could tell how they described the alt-coins that they read some post somewhere on twitter and just started to promote it because it went up big time.

I think they made crazy gains on some coin called Pacman Coin and the rest were all loses or small gains, but most of their gains was probably from all the views they got from youtube. And reading the comments you can tell they got tons of people to invest in all these coins which ended up going 99% and people lost their entire savings.

Hence never go to youtube for investment advice.

[Timelord2067]

People are FOMOing right now for no apparent reason.

THE Rockefeller is reputed to have said just prior to the Stock Market Crash of 1929 that if your shoe shine person is giving you stock market tips, then that's the time to cash in before the crash occurrs.

[CryptopreneurBrainboss]

...

What OP should listen to more are financial advisors that will put your best interest as a client in the first place. Gotta agree about these Youtuber, they might look sincere but all they want is your views as an audience,

They could be better than the youtubers but though this days the likely advice you'll get from your financial advisor is that bitcoin is a speculative investment and a very volatile assets which means it's not advisable to invest in. The financial advisers are still enthusiast of the traditional investment options like buying a stock or investing in real estate therefore neither of the two should be rely on when investing in bitcoin is concerned though.

The youtubers give the advice they know will attract viewers while financial adviser try to play it safe by give average investment advice that'll involves lesser risk forgetting that higher the risk, higher the reward.

Best you can do for yourself is to research more and make decisions you choose for yourself, that's when to invest or when to sell. In regards to the no resistance discussion, bitcoin is on quite a ride, let keep watching.

[FIFA worldcup]

...

What OP should listen to more are financial advisors that will put your best interest as a client in the first place. Gotta agree about these Youtuber, they might look sincere but all they want is your views as an audience,

They could be better than the youtubers but though this days the likely advice you'll get from your financial advisor is that bitcoin is a speculative investment and a very volatile assets which means it's not advisable to invest in. The financial advisers are still enthusiast of the traditional investment options like buying a stock or investing in real estate therefore neither of the two should be rely on when investing in bitcoin is concerned though.

The youtubers give the advice they know will attract viewers while financial adviser try to play it safe by give average investment advice that'll involves lesser risk forgetting that higher the risk, higher the reward.

Best you can do for yourself is to research more and make decisions you choose for yourself, that's when to invest or when to sell. In regards to the no resistance discussion, bitcoin is on quite a ride, let keep watching.

There days we do not find many financial advisors who know how the crypto works. If you ask advice from them, they may able to guide you about fiat currency but they don't know the potential of bitcoins. Unlike the fiat currecnies, bitcoin can pump or dump more than expected.
Once bitcoin crossed 30,000$ (resistance level) the next resistance is at 39,000$ and this data is extracted from fibonacci retracement.

[jrrsparkles]

The price is swinging around 34000 to 35500 for a while now, it seems like either we will see a correction or sky rocket to 40,000+ in the next few days. Lot of social media influencers are awake now to manipulate the market along with scam google ads so better not to trust anyone's advice if you want to save your money.

[plr]

If no resistance is getting build after 40k$ , then Bitcoin will simply skyrocket to 50k$.

I have not imagine it can happen this early Bitcoin soon to be $40 k and we are just in a first quarter of the year if things continue like this we can reach $50k to $80k I don't rule out correction or dip but we'll never go back to $15k anymore the momentum is just to high for Bitcoin to crash, now every satoshi is important now.

[error08]

We have seen the resistance at $35k, but someone said; any resistance is simply futile. and many people expect bitcoin to reach $40k within a week by assessing the achievement of bitcoin in the last few weeks. The market indicates a strong buy movement and could potentially reach $36k because bitcoin is getting so much publicity in the mainstream and social media cause fomo among people. However, we don't know the limit yet, when the correction will start to form, but be prepared.

[testerx]

^  This run currently feels like 2013 when it went from 100 USD to 1000 USD than 2017's run imo.  There are lots of people who are at the wrong side or outside of it.  Including me.  Fml.  

Ain't too late to FOMO hard and switch sides

[inanilujimi]

believe in yourself what to do instead of trusting others.
nowadays so many people suddenly become bitcoin experts, even people who are new to them can say whatever they want to say, it doesn't mean that we just take it for granted, don't get carried away with rudimentary fomo.

[LUCKMCFLY]

What happens is that they are new highs, any price or price range has a psychological value, what must be taken into account is the volume, the volume gives almost all the information, however, since $ 30k is highly possible to be reached Right now, this 2021 has been all good so far, it is a matter of waiting to see how everything develops.

[bryant.coleman]

After the 20K level was breached, there was hardly any resistance. Bitcoin went from $20,000 to $34,000 in less than a month. Even during the last 24-hours, the prices are up by $2,000 or so. I am not sure when we will experience the next major resistance level. But going by the current trend, I am not expecting it before $50,000. Those who purchased at around $20,000 may be targeting to do some profit booking at either $40,000 or at $50,000.

[Smitty Werben Man Jensen]

resistance has just been made at $ 34600, and this will be the strongest resistance this week,
if it breaks then bitcoin will go down to $ 40k easily, so this is an opportunity for us to buy bitcoin on correction.

[Pamadar]

believe in yourself what to do instead of trusting others.
nowadays so many people suddenly become bitcoin experts, even people who are new to them can say whatever they want to say, it doesn't mean that we just take it for granted, don't get carried away with rudimentary fomo.

It's better to assess by doing your own research.

There's no one knows what will the exact progress that might take, knowing the nature of bitcoin and the crypto market, But if you have good knowledge about the whole setup, placing your investment is much easier, you can entrust everything on your own and succeed to
your goals.